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About the company
TwentyFour Select Monthly Income Fund Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to generate attractive risk-adjusted returns, principally through income distributions. The Company’s investment policy is to invest in a diversified portfolio of credit securities. Its portfolio is comprised of any category of credit security, including, without prejudice to the generality of the foregoing, bank capital, corporate bonds, high yield bonds, leveraged loans, payment-in-kind notes and asset-backed securities and includes securities of a less liquid nature. It maintains a portfolio diversified by issuer and comprises at least approximately 50 credit securities. Its alternative investment fund manager is Apex Fundrock Limited.
- Revenue in GBP (TTM)40.25m
- Net income in GBP37.93m
- Incorporated2014
- Employees0.00
- LocationTwentyFour Select Monthly Income OrdTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
- Phone+44 1 481745001
Profile
| Management group(s) | TwentyFour Asset Management LLP |
|---|---|
| AIC sector | Debt - Loans & Bonds |
| ISIN | GG00BJVDZ946 |
| Launch date | 10 Mar 2014 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Fund will actively invest in a diversified portfolio of fixed income credit securities that exhibit an illiquidity premium, and which the Portfolio Managers believe represent attractive relative value. These securities will include (but are not limited to): corporate bonds, asset-backed securities, high yield bonds, bank capital, Additional Tier 1 securities, payment-in-kind notes and leveraged loans. Uninvested cash or surplus capital or assets may be invested on a temporary basis in cash and/or a range of assets including money market instruments and government bonds. The Fund may also use derivatives. This is only a summary; details of the Fund’s investment policy, including investment restrictions, are set out more fully in the Prospectus. Typical investors for whom these Ordinary Shares are intended are professional investors or professionally advised retail investors who are principally seeking monthly income from a portfolio of credit securities.
Managed by
| Eoin Walsh, Felipe Villarroel, Pierre Beniguel, David Norris, Charlene Malik, George Curtis |
|---|
Management & contract fees
Investment management fee of 0.75% of lower of market cap and NAV. The Investment Management Agreement may be terminated by either party giving not less than 12 months notice.
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Schroder UK Mid Cap Fund PLC | 21.55m | 18.07m | 206.10m | 0.00 | 11.41 | 0.9026 | -- | 9.57 | 0.5225 | 0.5225 | 0.623 | 6.60 | 0.0872 | -- | 16.84 | -- | 7.32 | 1.67 | 8.11 | 1.74 | 87.19 | 70.06 | 83.87 | 62.04 | -- | -- | 0.0805 | 139.52 | 145.59 | 29.15 | 140.50 | 33.15 | -- | 5.08 |
| Pembroke VCT PLC | -5.17m | -10.47m | 209.90m | 0.00 | -- | 0.918 | -- | -- | -0.0533 | -0.0533 | -0.0265 | 1.05 | -0.0231 | -- | -- | -- | -4.69 | 1.79 | -4.76 | 1.81 | -- | 56.49 | -- | 38.53 | -- | -- | 0.00 | 231.85 | -28.00 | -- | -13.13 | -- | -- | -- |
| Aquila European Renewables PLC | -27.76m | -31.58m | 211.03m | -- | -- | 0.7559 | -- | -- | -0.0833 | -0.0833 | -0.0732 | 0.7383 | -0.09 | -- | -- | -- | -10.23 | -- | -10.28 | -- | -- | -- | -- | -- | -- | -37,956.00 | 0.00 | -- | -142.77 | -- | -155.26 | -- | -- | -- |
| Ecofin Glbl Utlits and Infrstrc Trst PLC | -4.33m | -10.27m | 212.15m | 0.00 | -- | 0.9941 | -- | -- | -0.0871 | -0.0871 | -0.0375 | 1.96 | -0.0165 | -- | -- | -- | -3.92 | 6.23 | -4.40 | 7.10 | -- | 83.22 | -- | 76.44 | -- | -- | 0.1115 | 54.24 | -162.99 | -- | -209.60 | -- | -- | 10.20 |
| CVC Income & Growth Ltd | 39.81m | 20.74m | 213.43m | 0.00 | 11.55 | 1.15 | -- | 5.36 | 0.1015 | 0.1015 | 0.1934 | 1.02 | 0.1864 | -- | -- | -- | 9.71 | -0.7239 | 9.72 | -0.7244 | 99.16 | 97.95 | 52.10 | -14.97 | -- | -- | 0.00 | -- | 385.83 | 62.00 | 193.99 | -- | -- | 12.95 |
| Diverse Income Trust PLC | 44.72m | 41.95m | 216.54m | 0.00 | 6.94 | 0.9265 | -- | 4.84 | 0.132 | 0.132 | 0.1399 | 0.9887 | -- | -- | -- | -- | -- | 4.09 | -- | 4.19 | 94.68 | 83.78 | 93.79 | 79.23 | -- | -- | 0.00 | 90.59 | 175.39 | -- | 166.66 | -- | -- | 8.35 |
| Baronsmead Second Venture Trust PLC | 9.86m | 4.23m | 217.90m | 0.00 | 47.83 | 0.9536 | -- | 22.10 | 0.0115 | 0.0115 | 0.0271 | 0.5768 | 0.046 | -- | 9.66 | -- | 1.97 | -0.8556 | 1.98 | -0.8628 | 50.27 | -28.02 | 42.87 | -45.58 | -- | -- | 0.00 | -- | 97.26 | -- | 86.16 | -- | -- | -9.71 |
| Income and Growth VCT PLC | 12.36m | 9.11m | 218.25m | 0.00 | 11.28 | 0.8884 | -- | 17.66 | 0.0585 | 0.0585 | 0.0793 | 0.7429 | 0.1034 | -- | 26.71 | -- | 7.62 | 10.68 | 7.65 | 10.73 | 79.49 | 82.17 | 73.70 | 78.41 | -- | -- | 0.00 | 80.25 | 207.47 | 12.55 | 148.96 | 16.04 | -- | 12.89 |
| INVESCO Asia Trust plc | 9.84m | 5.56m | 220.63m | 0.00 | 40.42 | 0.9405 | -- | 22.41 | 0.0841 | 0.0841 | 0.1475 | 3.62 | 0.0383 | -- | 48.61 | -- | 2.17 | 5.66 | 2.30 | 5.87 | 77.00 | 88.72 | 56.52 | 78.81 | -- | -- | 0.0505 | 63.04 | 41.27 | 19.88 | 104.41 | 36.18 | -- | 19.86 |
| Martin Currie Global Portfolio Trust PLC | 18.46m | 15.85m | 223.87m | 0.00 | 15.73 | 1.02 | -- | 12.13 | 0.227 | 0.227 | 0.2605 | 3.49 | 0.0666 | -- | 46.67 | -- | 5.72 | 7.11 | 6.17 | 7.33 | 90.21 | 89.70 | 85.87 | 86.36 | -- | -- | 0.0387 | 16.34 | 203.95 | 39.10 | 187.65 | 51.42 | -- | -- |
| TwentyFour Select Monthly Income Fnd Ltd | 40.25m | 37.93m | 227.01m | 0.00 | 5.42 | 1.05 | -- | 5.64 | 0.1568 | 0.1568 | 0.1662 | 0.8118 | 0.2119 | -- | 11.37 | -- | 19.97 | 3.90 | 20.21 | 3.99 | 96.14 | 83.38 | 94.24 | 77.22 | -- | -- | 0.00 | 196.16 | 187.28 | 33.58 | 176.00 | 40.33 | -- | 5.84 |
| British Smaller Companies VCT plc | 14.57m | 10.62m | 227.93m | 0.00 | 17.55 | 0.903 | -- | 15.65 | 0.043 | 0.043 | 0.0596 | 0.8361 | 0.0772 | -- | -- | -- | 5.63 | 10.08 | 5.64 | 10.10 | 78.17 | 84.96 | 72.90 | 81.66 | -- | -- | 0.00 | 77.90 | -5.17 | 10.49 | -13.23 | 10.64 | -- | -18.32 |
| abrdn European Logistics Income PLC | 33.57m | -55.35m | 237.04m | 0.00 | -- | 0.7736 | -- | 7.06 | -0.1343 | -0.1343 | 0.0815 | 0.7434 | 0.0566 | -- | 3.57 | -- | -9.33 | -0.0171 | -9.96 | -0.0176 | 73.74 | 76.96 | -164.84 | -0.3388 | -- | 0.2257 | 0.4254 | -- | 14.95 | 75.40 | -343.56 | -- | -- | 11.32 |
| Baillie Gifford UK Growth Trust PLC | 3.41m | 389.00k | 243.39m | 0.00 | 322.76 | 0.8962 | -- | 71.46 | 0.0054 | 0.0054 | 0.0228 | 1.93 | 0.0112 | -- | 1.83 | -- | 0.1275 | 0.3746 | 0.1347 | 0.3831 | 28.10 | 46.83 | 11.42 | 32.76 | -- | -- | 0.0546 | 481.62 | -27.81 | 13.50 | -82.67 | 8.64 | -- | 4.70 |
| Taylor Maritime Investments Ltd | -33.77m | -42.48m | 245.25m | 8.00 | -- | 0.6317 | 4.60 | -- | -0.1617 | -0.1617 | -0.1288 | 1.48 | -0.0804 | -- | -- | -- | -10.12 | -- | -10.18 | -- | -- | -- | -- | -- | -- | -253.26 | 0.00 | -- | -217.31 | -- | -304.05 | -- | -- | -- |
| International Biotechnology Trust Plc | 44.54m | 38.88m | 246.17m | 0.00 | 6.71 | 0.8848 | -- | 5.53 | 1.01 | 1.01 | 1.17 | 7.66 | 0.1453 | -- | 27.99 | -- | 12.68 | 6.71 | 14.07 | 7.34 | 90.12 | 87.11 | 87.29 | 81.81 | -- | -- | 0.0748 | 53.73 | 269.31 | -- | 470.62 | -- | -- | -11.29 |
| Holder | Shares | % Held |
|---|---|---|
| Momentum Asset Management Pty Ltd.as of 17 May 2023 | 12.18m | 4.58% |
| BlackRock Investment Management (UK) Ltd.as of 30 Sep 2024 | 3.22m | 1.21% |
| Jupiter Asset Management Ltd.as of 31 Jul 2024 | 1.83m | 0.69% |
| Vanguard Global Advisers LLCas of 30 Sep 2024 | 1.68m | 0.63% |
| Evelyn Partners Investment Management LLPas of 30 Sep 2024 | 803.27k | 0.30% |
| Legal & General Investment Management Ltd.as of 30 Sep 2024 | 791.82k | 0.30% |
| FIL Investments Internationalas of 30 Sep 2024 | 377.95k | 0.14% |
| abrdn Alternative Investments Ltd.as of 05 Jul 2024 | 215.74k | 0.08% |
| BlackRock Advisors (UK) Ltd.as of 30 Sep 2024 | 161.31k | 0.06% |
| abrdn Investments Ltd.as of 31 Oct 2024 | 158.21k | 0.06% |
