❌[Request] Chenavati Toro income fund - TORO ❌

13.94% dividend (excluding specials). Discount to NAV 26%

AIC sector: Debt structured finance sector investment trusts.

Past dividend payments: Note the extremely large special dividends which are not included in the headline dividend.

I think I’m right in saying FT doesn’t offer access to LSE securities in currencies other than GBP/GBX and, unfortunately, TORO’s listed in EUR.

TORO also trades on the Specialist Fund Segment which FT doesn’t offer. TFIF, which is in the same AIC sector, is on FT and may be an alternative.

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You are indeed correct.

They are both in the same specialist fund sector so FT does offer it?
Thanks anyway.

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TFIF actually trades on the main LSE market, unlike TORO, which is why that one’s available on FT.

According to the Investors’ Chronicle article below, Freetrade has prioritised offering more mainstream trusts as SFS ones tend to be less appropriate for most private investors.

That said, I think GRID trades on the SFS and is on the platform so it may not be a dealbreaker. Hopefully, more can be added. I’m interested in MNTN and one of the digital infrastructure trusts.

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Remind me isn’t DEC trade in dollars or at least the dividends are.
So its just share price currency that counts?
According to Chenavari
The TORO-LON quote is for the EURO line,
while TORG-LON is for the GBP line.
So how about offering TORG?

Checked with Hargreaves Lansdown they wont do TORG the GB line Chenavari. They will only do one line and TORG is very illiquid hence much bigger spread. Also have to be purchased over the phone: “This is a best execution share so can be trade over the phone only. This is because there are additional declarations that the dealers must go through with the client before trading”.
Well there’s hours of research down the drain.
I now understand (just) what are

ABS asset backed securitisation

CDO Collateralized Debt Obligation

CLO collateralized loan obligation

CMO collateralized mortgage obligations

And Synthetic CDO

To no avail.
I will have to stick with VPC.