Closed-ended

TwentyFour’s closed-ended funds cover a range of innovative strategies investing in less liquid and higher yielding opportunities across the debt spectrum.

These funds target more specialist asset classes where we believe the firm’s fixed income expertise can add particular value and deliver higher potential returns.

They enable investors to gain exposure to markets such as UK mortgages, direct lending and less liquid asset-backed securities and high yield bonds, which can be less suited to the daily liquidity provisions of mutual funds.

Funds

3 funds available

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TwentyFour Income Fund

Asset Backed Securities

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Share class Currency ISIN Valor NAV YTD As at
Ordinary Share Class GBP GG00B90J5Z95 109.52 3.97% 20 Nov 2020
TwentyFour Select Monthly Income Fund

Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
Ordinary Share Class GBP GG00BJVDZ946 89.93 3.81% 25 Nov 2020
UK Mortgages Limited

Asset Backed Securities

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Share class Currency ISIN Valor NAV YTD As at
Ordinary Share Class GBP GG00BXDZMK63 81.02 2.31% 28 Aug 2020

What are closed-ended funds?

Closed-ended funds are professionally managed investment companies whose shares are publicly traded via an exchange.

Like regular open-ended investment funds, closed-ended funds invest in a portfolio of assets on behalf of investors.

In contrast to open-ended funds, closed-ended funds raise capital at launch via an initial public offering (IPO) of shares, which can then be traded by market participants on the open market without the direct involvement of the investment firm managing the fund.

This means capital does not flow directly in or out of the closed-ended fund when investors buy or sell the shares, giving the fund a more stable asset base that can be more appropriate for investing in less liquid markets and securities.

Closed-ended funds themselves do not issue or redeem shares on a daily or regular basis. They can only increase capital through portfolio performance, issuing debt, or conducting additional share offerings.

Why invest?

 

Diversification

Exposure to niche and less liquid asset classes inappropriate for open-ended funds.

Performance

The higher yields typically associated with, less liquid assets can deliver higher returns.

Income

Earnings are distributed to shareholders through dividends at regular intervals.

Liquidity

Investors can trade shares on the open market.

Meet the team