Start Your Journey To Wealth

It takes just a few minutes to register.

Your Money - Best Investment ISA - Large Portfolio 2024
Boring money - Best for Customer Service 2022
Broker Chooser - Best broker for funds 2022

TWENTYFOUR SELECT MONTHLY INC FD ORD GBP0.01

Symbol: SMIF

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

  • 20th May 2020 to 20th May 202126.37%
  • 20th May 2021 to 20th May 2022-5.43%
  • 20th May 2022 to 20th May 2023-8.63%
  • 20th May 2023 to 20th May 202426.37%
  • 20th May 2024 to 20th May 20255.67%
Login Open an account

Key Information

Benchmark N/A
Sector IT Debt - Loans & Bonds
Gearing 100%
Ex-Dividend Date 22 May 2025
Dividend Pay Date 6 Jun 2025
Total Dividends - Year to Date7.36
Dividend Yield (%)8.6385

Net Asset Value (Nav)

Latest actual NAV 84.04
Latest actual NAV date 14/05/2025
NAV frequency Weekly
Premium/Discount 1.14%

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. 		1.2739%
Performance Fee 0%
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 		1.2739%
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 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, by investing in a diversified portfolio of fixed income credit products. The Company’s investment policy is to invest in a diversified portfolio of credit securities. Its portfolio comprises 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 approximately 50 credit securities. Its alternative investment fund manager is Apex Fundrock Limited.

Financial Summary

BRIEF: For the fiscal year ended 30 September 2024, TwentyFour Select Monthly Income Fnd Ltd revenues increased 44% to £42M. Net income increased 47% to £39.5M. Revenues reflect Decrease in unrealised loss increase of 42% to £17.7M, Increase in unrealised gain increase from £584K to £3.9M, Unrealized Foreign Exchange G/L -Capital increase from -£60K to £3M. Net income benefited from Other expenses decrease of 32% to £184K (expense).

Performance

  • Chart Options

    Select Timeframe Add a sector as a comparator Add an index as a comparator Add a share as a comparator

      Add a moving average as a comparator Add a lower indicator as a comparator Chart Style Current Comparators

      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      2.10% -1.65% 0.89% 5.67% 22.01% 45.80%

      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
      533,054 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
      258,994 bytes PDF Document; last updated 17 Jan 2025
      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
      6,801,477 bytes PDF Document; last updated 30 Sep 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
      9,943,511 bytes PDF Document; last updated 31 Mar 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
      707,793 bytes PDF Document; last updated 30 Jul 2019
      GET ADOBE READER

      Management Team

      Eoin Walsh The Multi-Sector Bond Team Felipe Villarroel Gary Kirk Mark Holman

      Eoin Walsh has managed this fund for 11 years and 2 months.

      Eoin Walsh Eoin Walsh is one of the founding partners of TwentyFour, and a portfolio manager. He sits on the firm’s Investment Committee, which sets the overall risk bias for their portfolios. Eoin’s main responsibility is managing the firm’s Unconstrained Fixed Income team with funds including the Dynamic Bond Fund and Select Monthly Income Fund. Since 1998, Eoin has developed an expertise in fixed-income markets across a variety of roles including at Citigroup Alternative Investments, where he managed over $75 billion of fixed-income assets. He graduated in Accounting & Economics from the University of Limerick.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      The Multi-Sector Bond Team has managed this fund for 11 years and 2 months.

      The Multi-Sector Bond Team There is currently no biography information for The Multi-Sector Bond Team.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Felipe Villarroel has managed this fund for 11 years and 2 months.

      Felipe Villarroel Partner and Portfolio Manager with 13 years' industry experience. Prior to TwentyFour, Filipe worked as an Asset Allocation and Strategy Analyst at Celfin Capital.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Gary Kirk has managed this fund for 11 years and 2 months.

      Gary Kirk Gary Kirk is one of the founding partners of TwentyFour, and a portfolio manager. He sits on the firm’s Investment Committee, which sets the overall risk bias for their portfolios. Gary’s main responsibility is managing the firm’s Multi-Sector Bond team and corresponding funds. Gary has worked in fixed-income markets since 1988 in a variety of senior roles in asset management and investment banking, including leadership positions at Daiwa Capital, Royal Bank of Canada, CDC and Wachovia Bank. Gary Kirk graduated in Biochemistry at the University of London.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Mark Holman has managed this fund for 11 years and 2 months.

      Mark Holman Mark is one of the founding partners of TwentyFour, and serves as the firm’s Chief Executive Officer.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


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

      Year Ending

      30/09/2024

      30/09/2023

      30/09/2022

      30/09/2021

      30/09/2020

      30/09/2019

      Total Revenue 41.96 29.13 -33.38 27.06 12.66 9.28
      Gross profit 40.31 27.64 -34.84 25.52 11.17 7.83
      Operating Profit/Loss 39.50 26.94 -35.45 24.98 10.71 7.38
      Profit Before Tax 39.50 26.94 -35.45 24.98 10.71 7.38
      Profit After Tax 39.50 26.94 -35.45 24.98 10.71 7.38
      Equity Holders of Parent Company 39.50 26.94 -35.45 24.98 10.71 7.38
      Minority Interest NIL NIL NIL NIL NIL NIL


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

      Year Ending

      30/09/2024

      30/09/2023

      30/09/2022

      30/09/2021

      30/09/2020

      30/09/2019

      Total Non-Current Assets NIL NIL NIL NIL NIL NIL
      Total Current Assets 228.76 186.10 153.53 182.49 199.55 169.57
      Total Assets 228.76 186.10 153.53 182.49 199.55 169.57
      Total Liabilities 8.99 4.41 2.20 4.49 6.69 1.74
      Total Net Assets 219.77 181.69 151.33 178.00 192.86 167.83
      Shareholders Funds 219.77 181.69 151.33 178.00 192.86 167.83
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 219.77 181.69 151.33 178.00 192.86 167.83

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