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TWENTYFOUR INCOME FUND LTD ORD RED GBP0.01

Symbol: TFIF

This security went ex-dividend on 17/04/2025. Pay date is 06/05/2025

Streaming is not available when market closed. Some prices may be as at close of business from the previous working day.

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 28th Apr 2020 to 28th Apr 202124.06%
  • 28th Apr 2021 to 28th Apr 20226.78%
  • 28th Apr 2022 to 28th Apr 20231.99%
  • 28th Apr 2023 to 28th Apr 202413.74%
  • 28th Apr 2024 to 28th Apr 202511.00%
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Key Information

Benchmark N/A
Sector IT Debt - Structured Finance
Gearing 100%
Ex-Dividend Date 17 Apr 2025
Dividend Pay Date 6 May 2025
Total Dividends - Year to Date11.07
Dividend Yield (%)10.2881

Net Asset Value (Nav)

Latest actual NAV 105.78
Latest actual NAV date 17/04/2025
NAV frequency Weekly
Premium/Discount 2.67%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. 		1.0246%
Performance Fee No
AMC 0.75%
Our Platform Charge
We charge a platform fee of 0.30% per annum on the value of all stocks & shares held across all accounts, minimum £50 and maximum £600 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . 		0.30%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here 		0.30%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		1.0246%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

TwentyFour Income Fund Limited is a closed-ended investment company. The Company operates through investments in the Asset-Backed Securities segment. The Company’s investment objective is to generate attractive risk-adjusted returns principally through income distributions. Its investment policy is to invest in a diversified portfolio of predominantly in the United Kingdom and European Asset-Backed Securities. The Company’s alternative investment fund manager is Maitland Institutional Services Limited.

Financial Summary

BRIEF: For the six months ended 30 September 2024, TwentyFour Income Fund Ltd revenues decreased 5% to £61.3M. Net income decreased 5% to £57.4M. Revenues reflect Realized G/L on Investments Securities decrease of 43% to -£58M, Realised loss on foreign currency contra decrease of 18% to £10.4M. Net income also reflects Other expenses increase from £56K (income) to £65K (expense).

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      1.46% 4.09% 8.29% 11.00% 28.76% 70.57%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      View Fund Allocation by:

      TOP 10 HOLDINGS TOP 10 ASSETS TOP 10 SECTORS TOP 10 GEOGRAPHIES

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      510,449 bytes PDF Document; last updated 31 Mar 2025
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      298,748 bytes PDF Document; last updated 01 Jul 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      11,349,148 bytes PDF Document; last updated 31 Mar 2024
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      6,563,842 bytes PDF Document; last updated 30 Sep 2024
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      980,734 bytes PDF Document; last updated 04 Mar 2022
      GET ADOBE READER

      Management Team

      Rob Ford The Asset Backed Securities Team John Lawler Douglas Charleston Aza Teeuwen

      Rob Ford has managed this fund for 12 years and 1 month.

      Rob Ford Partner with 34 years' of Fixed Income experience. Previously Head of European ABS trading at Barclays Capital

      Manager Cumulative Performance v Peer Group

      Performance Graph

      The Asset Backed Securities Team has managed this fund for 12 years and 1 month.

      The Asset Backed Securities Team There is currently no biography information for The Asset Backed Securities Team.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      John Lawler has managed this fund for 8 years and 8 months.

      John Lawler John Lawler’s career spans 30 years in investment banking having worked for Barclays Capital in London in fixed income distribution for 23 years, covering a broad range of asset classes including a strong focus on ABS. More recently he was a Managing Director and Head of European ABS sales at Nomura International and prior to that held the same role at Royal Bank of Scotland.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Douglas Charleston has managed this fund for 11 years and 10 months.

      Douglas Charleston Portfolio Manager with 13 years' structured finance experience; previously buy-side analyst for IMC asset management

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Aza Teeuwen has managed this fund for 12 years and 1 month.

      Aza Teeuwen Portfolio Manager with 13 years' structured finance experience; previously buy-side analyst for IMC asset management

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/03/2024

      31/03/2023

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      Total Revenue 144.08 -14.49 41.87 132.17 -59.08 11.70
      Gross profit 136.98 -21.51 37.02 127.62 -63.89 7.48
      Operating Profit/Loss 136.01 -22.60 36.30 127.00 -64.86 6.97
      Profit Before Tax 136.01 -22.60 36.30 127.00 -64.86 6.97
      Profit After Tax 136.01 -22.60 36.30 127.00 -64.86 6.97
      Equity Holders of Parent Company 136.01 -22.60 36.30 127.00 -64.86 6.97
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/03/2024

      31/03/2023

      31/03/2022

      31/03/2021

      31/03/2020

      31/03/2019

      Total Non-Current Assets NIL NIL NIL NIL NIL NIL
      Total Current Assets 839.53 775.88 760.24 603.46 500.86 538.63
      Total Assets 839.53 775.88 760.24 603.46 500.86 538.63
      Total Liabilities 25.99 50.90 41.76 30.10 25.49 38.17
      Total Net Assets 813.54 724.98 718.48 573.36 475.37 500.47
      Shareholders Funds 813.54 724.98 718.48 573.36 475.37 500.47
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 813.54 724.98 718.48 573.36 475.37 500.47

      Investment involves risk. You may get back less than invested.