Money Makers

TwentyFour Income Fund (TFIF) is the largest debt trust with assets of just under £1bn, investing predominantly in UK and European asset-backed securities, such as Collateralised Loan Obligations (CLO), Commercial Mortgage-Backed Securities (CMBS), and Residential Mortgage-Backed Securities (RMBS). In October 2025, the trust expanded its geographic focus to include the US and Australia, although it has made limited investments in these countries so far. TFIF has generated annualised NAV returns of 8.0% since its IPO in 2013, which is towards the top end of its historical long-term return targe...