Fact sheet: Threadneedle (L)AmerAbAlph

Fund information
Fund name
Threadneedle (Lux) American Absolute Alpha DU USD
Fund manager company
Threadneedle (Lux)
Fund type
Offshore Fund
Fund managers
  • Ashish Kocharsince 23/01/2014
  • Amit Kumarsince 01/11/2015
Fund objective
The aim of the Fund is to make a positive return for you over the longer term, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies.At least two-thirds of the Fund’s assets will be in long and short positions in companies in North America or companies that have significant activity there, and, when appropriate, cash.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
-2.2%
1 Year rank in sector
109/133
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.35%
Fund size
£147m (£183m 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.
19
Top in this sector
Fund name1 Year
SW Mitchell Emerging European33.2%
F&C Ml Strat Gbl Eq16.9%
Pictet Scv II Dyn Ass Alloc15.8%
Pioneer SICV-AbsRetBd13%
Maya11.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • North America100%
  • Information Technology7%
    Health Care6.4%
    Financials6.3%
    Industrials2.7%
    Consumer Staples2.2%
  • North American Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%0.6%1.7%-2.2%-3.6%4.2%
Sector0.5%0.4%1.2%1.6%2.6%10.1%
Rank within sector60 / 14154 / 14148 / 139109 / 13375 / 8749 / 62
Quartile2nd2nd2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.7%-3.7%2%-2.2%4.3%
Sector0.3%0.7%0.7%1.2%3.6%
Rank within sector30 / 141113 / 13338 / 11468 / 8628 / 69
Quartile1st4th2nd4th2nd
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.
-1.95
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.
0.75
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.
-0
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%.
2.96
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.
2.65
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.
-0.82
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.
0.22
Price movement
52 week high13.25
52 week low12.79
Current bid price-
Current offer price-
Current mid price13.04
Region
1North America100%
Industry sector
1Information Technology7%
2Health Care6.4%
3Financials6.3%
4Industrials2.7%
5Consumer Staples2.2%
6Consumer Discretionary2.1%
7Energy0.7%
8Telecommunications Utilities0.5%
9Materials0.4%
Asset type
1North American Equities100%
Individual holdings
1LAM RESEARCH CORP3.2%
2BERKSHIRE HATHAWAY INC2.3%
3APPLE INC2.1%
4ALPHABET INC1.9%
5VISA INC1.7%
6ANALOG DEVICES INC1.6%
7ALEXION PHARMACEUTICALS INC1.3%
8METLIFE INC1.3%
9CIGNA CORP1.2%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle (Lux)
Fund type
Offshore Fund
Fund objective
The aim of the Fund is to make a positive return for you over the longer term, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies.At least two-thirds of the Fund’s assets will be in long and short positions in companies in North America or companies that have significant activity there, and, when appropriate, cash.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Ashish Kochar23/01/2014Ashish Kochar is portfolio manager for the Threadneedle Global Extended Alpha Fund, the American Extended Alpha Fund and the American Absolute Alpha Fund. He also heads the consumer staples sector research team.Ashish joined the company in 2008 as a senior portfolio analyst within the US Equities team and subsequently joined the Global Equities team in 2010. He joined the company from a ‘Tiger Cub’ hedge fund and previously worked as an analyst for Merrill Lynch in New York.
Amit Kumar01/11/2015Amit Kumar is portfolio manager for the American Absolute Alpha Fund and the American Extended Alpha Fund. He is also responsible for researching US companies across the consumer discretionary and technology sectors.Amit joined the company in 2014 as a senior portfolio analyst in the US Equities team. Before joining the company, Amit spent seven years with Artham Capital and Swiss Re Asset Management, where he worked as a research analyst. Prior to that, he spent nine years in the technology industry IBM, TCS and a number of tech start-up firms.Amit holds an MBA in Finance from Columbia Business School and a BSc in Technology from the Indian Institute of Technology. He also holds the Chartered Financial Analyst designation.Amit is also a published author whose work includes Short Selling: Finding Uncommon Short Ideas.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
Threadneedle (Lux) American Absolute Alpha AEH EUR
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price16.21
CurrencyEUR
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJYB4
Threadneedle (Lux) American Absolute Alpha AFH CHF
Initial charge5%
Annual charge1.5%
Min single investment£3,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price14.98
CurrencyCHF
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGRQK
Threadneedle (Lux) American Absolute Alpha AGH GBP
Initial charge5%
Annual charge1.5%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price16.67
CurrencyGBP
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJYB8
Threadneedle (Lux) American Absolute Alpha AU EUR
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price15.86
CurrencyEUR
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFU8
Threadneedle (Lux) American Absolute Alpha AU USD
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price16.61
CurrencyUSD
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJYB3
Threadneedle (Lux) American Absolute Alpha DEH EUR
Initial charge1%
Annual charge2%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price12.83
CurrencyEUR
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKEU1
Threadneedle (Lux) American Absolute Alpha DU EUR
Initial charge1%
Annual charge2%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price12.46
CurrencyEUR
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFU9
Threadneedle (Lux) American Absolute Alpha DU USD
Initial charge1%
Annual charge2%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price13.04
CurrencyUSD
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6M3
Threadneedle (Lux) American Absolute Alpha IEH EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price22.64
CurrencyEUR
Price updated11/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJYB6
Threadneedle (Lux) American Absolute Alpha IFH CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI1UI
Threadneedle (Lux) American Absolute Alpha IGH GBP
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price23.22
CurrencyGBP
Price updated11/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJYB7
Threadneedle (Lux) American Absolute Alpha IU EUR
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price22.03
CurrencyEUR
Price updated11/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFV0
Threadneedle (Lux) American Absolute Alpha IU USD
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price23.06
CurrencyUSD
Price updated11/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJYB5
Threadneedle (Lux) American Absolute Alpha ZGH GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price15.9
CurrencyGBP
Price updated11/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code13C4
Data provided by

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