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
85.60p
0.20p (+0.23%)
Discount/Premium
+2.24%
Estimated NAV
83.337p
Prices updated at 14 Nov 2024, 16:35 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.
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.
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Company name
TwentyFour Asset Management LLP
Legal structure
Closed Ended Investment Company
Domicile
Guernsey
Fiscal year end
30 Sep 2025
Launch date
10 Mar 2014
Fund manager
Eoin Walsh
Manager start date
10 Mar 2014
Fund manager biography
Eoin is on the firm’s Investment Committee, which sets the overall risk bias for the portfolios managed by the firm, and his main responsibility is managing the firm’s Multi-Sector Bond team. Eoin began his career in 1998 and has developed an expertise in fixed income markets across a variety of roles including a role at Citigroup Alternative Investments where he managed over $75 billion of fixed income assets. Eoin graduated in Accounting & Economics from the University of Limerick.
Head office
24 Cornhill
London
United Kingdom
EC3V 3ND