Fact sheet: TwentyfourSelctMnthlyIncFd 1P

Fund information
Fund name
Twentyfour Select Monthly Income Fund Limited Ord 1P
Fund manager company
TwentyFour Asset Management LL
Fund type
Investment Trust
Fund managers
  • Eoin Walshsince 31/08/2008
  • Gary Kirksince 31/08/2008
  • Felipe Villaroelsince 02/03/2011
  • Pierre Beniguelsince 21/04/2014
Accolades
Fund objective
The fund aims to generate attractive risk-adjusted returns, principally through income distributions, by investing in a diversified portfolio of fixed income credit products.
Benchmark
No data available.
Investment style
No data available.
Investment method
Money Market, Fixed Interest
Quick stats
1 Year return
22%
1 Year rank in sector
6/23
Sector
IT Debt
Yield
7.3%
Fund size
£146m
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.
68
Mid price
94.25
NAV
?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.
92.31
Discount/Premium
?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.
+2.10
Gearing
?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.
100
Top in this sector
Fund name1 Year
Fair Oaks Income Fund Ltd45.2%
Carador Income PLC40.5%
Volta Finance Limited39.2%
NB GlbRateIncFdLtd26.9%
Blackstone/GSO Loan Fin Ltd25.2%
...more in IT Debt

Performance snapshot

Holdings snapshot

  • Europe47.4%
    UK40.2%
    North America6.3%
    Money Market4.6%
    South America0.8%
  • Asset/Mortgage-Backed Securities33.7%
    Banks26.9%
    High Yield Bond24.8%
    Insurance7.1%
    Cash & Cash Equivalents4.6%
  • European Fixed Interest47.4%
    UK Fixed Interest40.2%
    North American Fixed Interest6.3%
    Money Market4.6%
    American Emerging Fixed Interest0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%5.3%5.7%22%--
Sector0.2%3.9%6.2%19.6%13%15.1%
Rank within sector10 / 2611 / 2511 / 256 / 23--
Quartile2nd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund5.3%4%3.3%--
Sector2.3%11.3%-2.6%2.4%9.2%
Rank within sector7 / 2615 / 236 / 15--
Quartile2nd3rd2nd
Risk statistics
Alpha
?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
?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.
-
Sharpe
?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
?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.
-
R-Squared
?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 high95
52 week low83.25
Current bid price93.75
Current offer price94.75
Current mid price94.25
Region
1Europe47.38%
2UK40.23%
3North America6.34%
4Money Market4.61%
5South America0.83%
6Asia0.61%
Industry sector
1Asset/Mortgage-Backed Securities33.71%
2Banks26.92%
3High Yield Bond24.82%
4Insurance7.09%
5Cash & Cash Equivalents4.61%
6Others2.85%
Asset type
1European Fixed Interest47.38%
2UK Fixed Interest40.23%
3North American Fixed Interest6.34%
4Money Market4.61%
5American Emerging Fixed Interest0.83%
6Asia Pacific Fixed Interest0.61%
Individual holdings
1NWIDE 10.25 06/29/49 CCDS2.83%
2COVBS 6.375 12/29/492.49%
3SANUK 10.3752.29%
4AVOCA 11X F2.12%
5BKIR 7.375 12/29/492.11%
6JUBIL 2014-12X F2.05%
7ARGID 6.625 09/15/23 REGS1.87%
8CS 7.5 12/29/49 REGS1.85%
9CBFLU 1 MEZZ1.79%
Management
Fund manager group
TwentyFour
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, by investing in a diversified portfolio of fixed income credit products.
Benchmark
No data available.
Investment style
No data available.
Investment method
Money Market, Fixed Interest
Fund managers
NameSinceBiography
Eoin Walsh31/08/2008Partner with 18 years' experience; previously senior portfolio manager at Citi Alternative.
Gary Kirk31/08/2008Partner with 28 years' of credit market experience;previously Head of Proprietary Credit Trading at Wachovia
Felipe Villaroel02/03/2011Portfolio Manager, 7 years' experience. Previously Asset Allocation and Strategy Analyst at Celfin Capital in Chile
Pierre Beniguel21/04/2014Portfolio Manager with 5 years' experience. Previously part of the loan trading group at Portigon Financial Services AG.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
Guernsey, Offshore
Twentyfour Select Monthly Income Fund Limited Ord 1P
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 price92.31
CurrencyGBX
Price updated15/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJRL
Data provided by

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