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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 50 credit securities. No more than 5% of the portfolio value will be invested in any single credit security or issuer of credit securities, tested at the time of making or adding to an investment in the relevant credit security. Its alternative investment fund manager is Maitland Institutional Services Limited.
- Revenue in GBP (TTM)29.13m
- Net income in GBP26.94m
- 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
| Gary Kirk, Eoin Walsh, Felipe Villarroel, Mark Holman, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aurora Investment Trust plc | 56.99m | 53.37m | 187.58m | 0.00 | 3.51 | 0.8967 | -- | 3.29 | 0.7015 | 0.7015 | 0.7492 | 2.74 | 0.3134 | -- | 167.14 | -- | 29.35 | 9.72 | 29.37 | 9.75 | 95.05 | 96.37 | 93.64 | 92.42 | -- | -- | 0.00 | 16.62 | 252.83 | -- | 250.69 | -- | -- | -2.92 |
| Schroder Income Growth Fund PLC | 10.98m | 8.00m | 193.00m | 0.00 | 24.13 | 0.9469 | -- | 17.58 | 0.1152 | 0.1152 | 0.158 | 2.94 | 0.0468 | -- | 4.15 | -- | 3.41 | 2.51 | 3.91 | 2.84 | 77.93 | 78.12 | 72.90 | 72.47 | -- | -- | 0.1279 | 156.27 | 379.43 | 0.2478 | 235.12 | -1.30 | -- | 3.18 |
| Schroder UK Mid Cap Fund PLC | 36.18m | 33.17m | 193.65m | 0.00 | 5.84 | 0.9057 | -- | 5.35 | 0.9593 | 0.9593 | 1.05 | 6.18 | 0.1612 | -- | 21.48 | -- | 14.78 | 1.67 | 16.54 | 1.74 | 93.36 | 70.06 | 91.69 | 62.04 | -- | -- | 0.0855 | 139.52 | 145.59 | 29.15 | 140.50 | 33.15 | -- | 5.08 |
| Odyssean Investment Trust PLC | 8.37m | 5.71m | 194.52m | 0.00 | 29.47 | 1.02 | -- | 23.23 | 0.0543 | 0.0543 | 0.0748 | 1.56 | 0.0491 | -- | 30.06 | -- | 3.35 | -- | 3.37 | -- | 72.11 | -- | 68.15 | -- | -- | -- | 0.00 | -- | -105.90 | -- | -118.46 | -- | -- | -- |
| Ecofin Glbl Utlits and Infrstrc Trst PLC | -14.42m | -20.26m | 195.62m | 0.00 | -- | 0.9562 | -- | -- | -0.1727 | -0.1727 | -0.126 | 1.84 | -0.0582 | -- | -- | -- | -8.17 | 6.23 | -9.11 | 7.10 | -- | 83.22 | -- | 76.44 | -- | -- | 0.0862 | 54.24 | -162.99 | -- | -209.60 | -- | -- | 9.91 |
| Fair Oaks Income Ltd | 25.70m | 24.81m | 195.71m | 0.00 | 6.86 | 0.8928 | -- | 7.61 | 0.0831 | 0.0831 | 0.0821 | 0.6385 | 0.1261 | -- | -- | -- | 12.17 | 4.24 | 12.24 | 4.25 | 98.36 | 97.18 | 96.51 | 93.51 | -- | -- | 0.00 | 314.55 | 8,597.98 | 44.40 | 4,608.44 | 48.93 | -- | -9.42 |
| TwentyFour Select Monthly Income Fnd Ltd | 29.13m | 26.94m | 201.17m | 0.00 | 7.18 | 1.09 | -- | 6.91 | 0.1143 | 0.1143 | 0.1235 | 0.7545 | 0.1715 | -- | 40.26 | -- | 15.87 | 3.90 | 16.18 | 3.99 | 94.89 | 83.38 | 92.49 | 77.22 | -- | -- | 0.00 | 196.16 | 187.28 | 33.58 | 176.00 | 40.33 | -- | 5.84 |
| Baronsmead Venture Trust PLC | -942.00k | -5.14m | 205.43m | 0.00 | -- | 0.947 | -- | -- | -0.0152 | -0.0152 | -0.0028 | 0.5544 | -0.0048 | -- | -- | -- | -2.63 | -1.55 | -2.65 | -1.57 | -- | -139.89 | -- | -178.67 | -- | -- | 0.00 | -- | 97.63 | -- | 88.36 | -- | -- | -- |
| Aberforth Split Level Income Trust PLC | 17.30m | 13.16m | 205.47m | 0.00 | 11.13 | 0.9439 | -- | 11.88 | 0.0692 | 0.0692 | 0.0909 | 0.8158 | 0.0817 | -- | 34.43 | -- | 6.21 | -1.20 | 7.23 | -1.20 | 91.13 | 2.92 | 76.09 | -147.10 | -- | 7.37 | 0.00 | -- | 166.38 | 2.71 | 146.70 | 5.43 | -- | 4.56 |
| INVESCO Asia Trust plc | 26.00m | 21.45m | 206.30m | 0.00 | 9.73 | 0.9046 | -- | 7.94 | 0.3208 | 0.3208 | 0.3889 | 3.45 | 0.112 | -- | 138.66 | -- | 9.24 | 5.42 | 9.51 | 5.56 | 90.51 | 88.62 | 82.49 | 79.11 | -- | -- | 0.00 | 59.08 | 147.27 | -28.13 | 114.44 | -39.41 | -- | 21.89 |
| Ecora Resources PLC | 49.56m | 678.19k | 209.84m | 14.00 | 333.28 | 0.5564 | 29.14 | 4.23 | 0.0025 | 0.0025 | 0.1917 | 1.50 | 0.0941 | -- | 3.97 | 3,540,238.00 | 0.1288 | 5.87 | 0.1393 | 6.18 | 97.84 | -- | 1.37 | 36.18 | -- | 1.16 | 0.1467 | 55.89 | -56.37 | 0.1443 | -99.11 | -53.36 | 539.70 | -7.90 |
| Fidelity Japan Trust PLC | 30.25m | 27.70m | 213.07m | 0.00 | 8.11 | 0.8535 | -- | 7.04 | 0.2151 | 0.2151 | 0.2348 | 2.04 | 0.1218 | -- | 45.80 | -- | 11.15 | 6.37 | 11.21 | 6.42 | 95.06 | 91.39 | 91.56 | 85.59 | -- | -- | 0.00 | 0.00 | 141.27 | -- | 136.44 | -- | -- | -- |
| CVC Income & Growth Ltd | 44.63m | 27.17m | 214.21m | 0.00 | 8.73 | 1.11 | -- | 4.80 | 0.1263 | 0.1263 | 0.2071 | 0.9931 | 0.2139 | -- | -- | -- | 13.03 | -0.7239 | 13.04 | -0.7244 | 99.38 | 97.95 | 60.89 | -14.97 | -- | -- | 0.00 | -- | 385.83 | 62.00 | 193.99 | -- | -- | 12.95 |
| Schroder Real Estate Investment Trst Ltd | 26.11m | -53.92m | 214.23m | 0.00 | -- | 0.7238 | -- | 8.21 | -0.1102 | -0.1102 | 0.0534 | 0.6052 | 0.0504 | -- | 7.04 | -- | -10.42 | 0.9147 | -10.63 | 0.9307 | 91.55 | 90.25 | -206.53 | 18.64 | -- | 0.2587 | 0.3729 | 289.00 | 3.33 | -0.2806 | -161.22 | -- | -- | 3.46 |
| Pembroke VCT PLC | -2.04m | -7.41m | 214.39m | 0.00 | -- | 0.8833 | -- | -- | -0.0409 | -0.0409 | -0.0112 | 1.11 | -0.0098 | -- | -- | -- | -3.57 | 4.78 | -3.61 | 4.81 | -- | 73.83 | -- | 61.37 | -- | -- | 0.00 | -- | -113.47 | -- | -138.40 | -- | -- | -- |
| Foresight VCT Plc | 22.78m | 16.48m | 214.80m | 0.00 | 11.51 | 0.8654 | -- | 9.43 | 0.0686 | 0.0686 | 0.0964 | 0.9128 | 0.1102 | -- | 6.96 | -- | 7.97 | 9.35 | 8.02 | 9.38 | 75.92 | 82.28 | 72.33 | 79.04 | -- | -- | -- | 54.34 | 34.93 | 22.57 | 29.71 | 25.07 | -- | -2.52 |
| Holder | Shares | % Held |
|---|---|---|
| Momentum Asset Management Pty Ltd.as of 17 May 2023 | 12.18m | 5.00% |
| BlackRock Investment Management (UK) Ltd.as of 31 Mar 2024 | 2.78m | 1.14% |
| Jupiter Asset Management Ltd.as of 31 Dec 2023 | 1.83m | 0.75% |
| Vanguard Global Advisers LLCas of 31 Jan 2024 | 1.58m | 0.65% |
| Momentum Global Investment Management Ltd.as of 28 Mar 2024 | 1.55m | 0.64% |
| Legal & General Investment Management Ltd.as of 29 Feb 2024 | 791.82k | 0.33% |
| abrdn Alternative Investments Ltd.as of 19 Apr 2024 | 691.60k | 0.28% |
| FIL Investments Internationalas of 29 Feb 2024 | 329.13k | 0.14% |
| Evelyn Partners Investment Management LLPas of 29 Feb 2024 | 329.12k | 0.14% |
| State Street Global Advisors Ltd.as of 04 Apr 2024 | 319.75k | 0.13% |
