TwentyFour Select Monthly Income Ord (SMIF)

Category Other Bond

This investment trust can be held in an Investment ISA, SIPP and Investment Account

Sell

84.80p

Buy

85.40p

arrow-up0.472p (+0.56%)

Discount/Premium

+1.51%

Estimated NAV

83.147p

Prices updated at 28 Nov 2024, 14:31 GMT

Prices minimum 15 mins delay

Prices in GBX

Investment 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.

FTSE All-Share

0.22%

LSE

Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Annual performance (%)

Year chevron-l-regular chevron-r-regular	This fund	Peer group index
30 Sep 13 - 30 Sep 14	-	-
30 Sep 14 - 30 Sep 15	0.50	-3.48
30 Sep 15 - 30 Sep 16	2.32	8.61
30 Sep 16 - 30 Sep 17	16.30	8.65
30 Sep 17 - 30 Sep 18	4.14	4.84
30 Sep 18 - 30 Sep 19	2.88	-0.56
30 Sep 19 - 30 Sep 20	-3.40	-11.84
30 Sep 20 - 30 Sep 21	23.23	17.98
30 Sep 21 - 30 Sep 22	-18.30	-2.40
30 Sep 22 - 30 Sep 23	12.93	7.71
30 Sep 23 - 30 Sep 24	24.48	5.61

Primary benchmark: No benchmark

Peer group index: Morningstar IT Debt - Loans & Bonds

Trailing returns (%)

Year chevron-l-regular chevron-r-regular	This fund	Peer group index
1 Day	-0.71	-0.95
1 Month	0.35	6.06
3 Months	2.09	7.01
6 Months	5.72	7.06
1 Year	22.61	13.37
3 Years annualised	5.23	5.95
5 Years annualised	6.34	4.58

Primary benchmark: No benchmark

Peer group index: Morningstar IT Debt - Loans & Bonds

Please note that past performance is not a reliable indicator of future returns. Please use the interactive graph for benchmark comparison.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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