Fact sheet: LV= Threadneedle UK PropTrst Pn

Fund information
Fund name
LV= Threadneedle UK Property Trust Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Gerry Frewinsince 12/05/2016
  • Don Jordisonsince 12/05/2016
Underlying fund
Threadneedle UKPropAIF
Fund objective
It is intended that the Company be a PAIF at all times and so its investment objective is to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business as further described below. HM Revenue & Customs has confirmed to the ACD that the Company meets the requirements to qualify as a PAIF under regulation 69O of the Tax Regulations. The objective of the Company is to obtain a total return based on income and capital appreciation predominantly through investment in certain kinds of real estate, property-related securities, government and public securities and units in collective investment schemes. The Company will invest primarily in UK commercial real estate. It may also invest in US or Continental European real estate, property-related securities, property investment companies, collective investment schemes (including other collective investment schemes managed, advised or operated by the ACD or its associates), cash and near cash, warrants, deposits and money market instruments. Derivatives may be used for investment purposes on the giving of 60 days’ notice to Shareholders. At the date of this Prospectus derivatives are used for efficient portfolio management purposes only.
Benchmark
  • IPD UK Monthly (All Property)
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
-0.2%
1 Year rank in sector
69/159
Sector
PN UK Direct Property
Yield
-
Fund size
£6m (£7m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
15
Bid price
120.3
Offer price
126.6
Top in this sector
Fund name1 Year
Guardian Choices Property Pn13.2%
Guardian Property Pn13.2%
OMW IPL Aviva Lm Prp Pn7.7%
FL Property AP5.9%
Aegon KamesProIncPn5.4%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • South East UK71.6%
    Midlands8.5%
    Northern UK7%
    Wales4.8%
    London3%
  • Offices - Property31.9%
    Industrial - Property27.6%
    Shop - Property24.1%
    Retail - Property13.8%
    Other - Property2.6%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.1%-2%-0.2%25.2%29.1%
Sector0.3%2.4%-2.9%-1.3%24.3%32.8%
Rank within sector133 / 161123 / 16073 / 15969 / 15977 / 15498 / 149
Quartile4th4th2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.8%9.3%14.3%5%-0.9%
Sector-2%9.7%14.3%6.9%1%
Rank within sector68 / 159104 / 15868 / 154125 / 152121 / 149
Quartile2nd3rd2nd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.93
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.61
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.61
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.65
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.08
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.02
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.63
Price movement
52 week high123.6
52 week low118.6
Current bid price120.3
Current offer price126.6
Current mid price-
Region
1South East UK71.6%
2Midlands8.5%
3Northern UK7%
4Wales4.8%
5London3%
6Yorkshire & Humberside3%
7Eastern UK2.1%
Industry sector
1Offices - Property31.9%
2Industrial - Property27.6%
3Shop - Property24.1%
4Retail - Property13.8%
5Other - Property2.6%
Asset type
1Property100%
Individual holdings
1FAREHAM, SOLENT BUSINESS PARK3.5%
2AYLESFORD. LARKFIELD MILL2.3%
3BRENTWOOD. BAYTREE CENTRE2.1%
4BRAINTREE. GEORGE YARD S/CENTRE2%
5HEMEL HEMPSTEAD. HEMEL ONE1.9%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
It is intended that the Company be a PAIF at all times and so its investment objective is to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business as further described below. HM Revenue & Customs has confirmed to the ACD that the Company meets the requirements to qualify as a PAIF under regulation 69O of the Tax Regulations. The objective of the Company is to obtain a total return based on income and capital appreciation predominantly through investment in certain kinds of real estate, property-related securities, government and public securities and units in collective investment schemes. The Company will invest primarily in UK commercial real estate. It may also invest in US or Continental European real estate, property-related securities, property investment companies, collective investment schemes (including other collective investment schemes managed, advised or operated by the ACD or its associates), cash and near cash, warrants, deposits and money market instruments. Derivatives may be used for investment purposes on the giving of 60 days’ notice to Shareholders. At the date of this Prospectus derivatives are used for efficient portfolio management purposes only.
Benchmark
  • IPD UK Monthly (All Property)
Investment style
No data available.
Investment method
Physical
Fund managers
NameSinceBiography
Gerry Frewin12/05/2016Gerry Frewin joined Threadneedle Property Investments in 2010 as an investment surveyor. In this role he is responsible for acquisitions, sales and all transaction-related due diligence for the Threadneedle Property Unit Trust, the Threadneedle UK Property Unit Trust, the Threadneedle Strategic Property Fund and several third party portfolios.Gerry is well versed in the company’s property process, having worked for the firm between 2002 and 2005. Thereafter, he gained further experience at Mayfair Capital and Kilmartin Property Group. Gerry has a BSc (Hons) in Real Estate Valuation and Management from the University of the West of England and is also a member of the Royal Institution of Chartered Surveyors.
Don Jordison12/05/2016Managing Director of Threadneedle Property Investments. Since 1997 he has managed the Allied Dunbar Pension Property Fund. Don began his career in 1982, at Prudential, then joining Allied Dunbar† as a trainee property manager and obtained Associate Membership of the Royal Institution of Chartered Surveyors. In 1991 he became a Director responsible for the AD Unit Linked Life Property Fund. On the formation of Threadneedle Property Investments in 1994 by merging the property investment activities of Allied Dunbar and Eagle Star, Don joined as a founding director. Don transferred from the AD Life Property Fund in August 1997 to take over the £1bn AD Pension Property Fund. He left behind a five year record of top quartile performance and outright top fund over 3 years against the Investment Property Databank Monthly Index of 67 performance funds. Don is also the Director responsible for the Threadneedle Property Unit Trust. Don graduated in 1984 with a First Class Honours Degree in Urban Estates Surveying. In 1988 he obtained an MBA from City University London.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Threadneedle UK Property Trust Pn S2
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.88%
Bid price120.3
Offer price126.6
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKOP3
Data provided by

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