Fact sheet: TwentyFour Inc Ltd

Fund information
Fund name
TwentyFour Income Limited Ord
Fund manager company
TwentyFour Asset Management LL
Fund type
Investment Trust
Fund managers
  • Douglas Charlestonsince 01/07/2013
  • Aza Teeuwensince 06/03/2013
  • Rob Fordsince 06/03/2013
  • Ben Haywardsince 06/03/2013
Fund objective
The Fund aims to generate attractive risk adjusted returns principally through income distributions.
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1 Year rank in sector
IT Debt
Fund size
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
Mid price
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
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Performance snapshot

Holdings snapshot

  • Europe92.8%
    Money Market7.2%
  • Asset/Mortgage-Backed Securities92.6%
    Cash & Cash Equivalents7.2%
    Loan Stocks0.2%
  • European Fixed Interest92.8%
    Money Market7.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector12 / 2710 / 267 / 249 / 237 / 11-
Calendar performance
 YTD - 20172016201520142013
Rank within sector7 / 2511 / 2310 / 141 / 10-
Risk statistics
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
Price movement
52 week high119.25
52 week low104.25
Current bid price118
Current offer price119.25
Current mid price118.63
2Money Market7.2%
Industry sector
1Asset/Mortgage-Backed Securities92.62%
2Cash & Cash Equivalents7.2%
3Loan Stocks0.18%
Asset type
1European Fixed Interest92.8%
2Money Market7.2%
Individual holdings
1WARW 13.75%
2LUSI 53.65%
3OPTOM 13.3%
4CBFLU 13.08%
5WARW 23.06%
6SCGC 2015-12.92%
7HLAE 2016-12.49%
8AURUS 2016-12.47%
9HARVT 152.17%
Fund manager group
Fund manager company
TwentyFour Asset Management LL
Fund type
Investment Trust
Fund objective
The Fund aims to generate attractive risk adjusted returns principally through income distributions.
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
Douglas Charleston01/07/2013Portfolio Manager with 9 years' experience. Previous roles include a structurer at Lloyds and ratings analyst at S&P
Aza Teeuwen06/03/2013Portfolio Manager with 10 years' structured finance experience; previously buy-side analyst for IMC asset management
Rob Ford06/03/2013Partner with 30 years' of Fixed Income experience. Previously Head of European ABS trading at Barclays Capital
Ben Hayward06/03/2013Partner with 18 years' structured finance experience, previous senior fund manager to four portfolios at Citi Alternative
AIC Member
No data available.
Fund for sale in
Guernsey, Offshore
TwentyFour Income Limited Ord
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.45
Price updated19/05/2017
Institutional or retail classRetail
Citi codeNKEN
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.