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
  • Amit Kumarsince 01/11/2015
  • Ashish Kocharsince 17/01/2012
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
-4.3%
1 Year rank in sector
106/131
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
£157m (£170m 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.
17
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd15.5%
SW Mitchell Emerging European13.7%
Pictet Scv II Dyn Ass Alloc9.8%
Polar Capital UK Abs Eq9.5%
Orbis Optimal SA9.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • North America100%
  • Information Technology6.7%
    Health Care4.1%
    Financials3.4%
    Industrials3.2%
    Consumer Staples2.4%
  • North American Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%0.3%0.2%-4.3%-3.9%4.4%
Sector-0%-0.6%0.5%-0.3%2.6%9.5%
Rank within sector83 / 14049 / 14076 / 138106 / 13173 / 8350 / 63
Quartile3rd2nd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-4%2%-2.2%4.3%4.1%
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector108 / 13138 / 11569 / 8728 / 7036 / 62
Quartile4th2nd4th2nd3rd
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.
-1.82
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.
0.76
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.
2.64
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.
-0.76
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 high13.49
52 week low12.79
Current bid price-
Current offer price-
Current mid price12.91
Region
1North America100%
Industry sector
1Information Technology6.7%
2Health Care4.1%
3Financials3.4%
4Industrials3.2%
5Consumer Staples2.4%
6Consumer Discretionary1.7%
7Energy1%
8Materials0.5%
9Telecommunications Utilities0.2%
Asset type
1North American Equities100%
Individual holdings
1LAM RESEARCH CORP2.9%
2BERKSHIRE HATHAWAY INC2.1%
3ALPHABET INC2%
4APPLE INC1.8%
5VISA INC1.8%
6MARATHON OIL CORP1.6%
7NIELSEN HLDGS PLC1.5%
8DEVON ENERGY CORP1.4%
9ANALOG DEVICES INC1.3%
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
Amit Kumar01/11/2015Amit Kumar joined the company in 2014 as a portfolio analyst in the US Equities, EMEA team. In this role, he is responsible for researching US companies across the consumer discretionary and technology sectors. Before joining the company, Amit spent seven years with Artham Capital and Swiss Re Asset Management, where he worked as a research analyst primarily covering the technology sector, as well as companies in the financials, consumer and energy sectors. Prior to that, he spent nine years in the technology industry as a software architect with 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
Ashish Kochar17/01/2012Ashish Kochar joined the company in 2008 as a senior portfolio analyst within the US Equities team before joining the Global Equities team in 2010 as a Portfolio Manager. He is co-manager for the Threadneedle Global Extended Alpha Fund, the American Extended Alpha Fund and the American Absolute Alpha Fund. He also heads the consumer sector research team. He joined the company from a ‘Tiger Cub’ hedge fund and previously worked as an analyst for Merrill Lynch in New York.
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 price16.08
CurrencyEUR
Price updated06/12/2016
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 price14.87
CurrencyCHF
Price updated06/12/2016
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 price16.51
CurrencyGBP
Price updated06/12/2016
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 price15.31
CurrencyEUR
Price updated06/12/2016
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 price16.43
CurrencyUSD
Price updated06/12/2016
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 price12.73
CurrencyEUR
Price updated06/12/2016
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 price12.03
CurrencyEUR
Price updated06/12/2016
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 price12.91
CurrencyUSD
Price updated06/12/2016
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 price22.44
CurrencyEUR
Price updated06/12/2016
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 price22.99
CurrencyGBP
Price updated06/12/2016
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)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price21.24
CurrencyEUR
Price updated06/12/2016
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 price22.8
CurrencyUSD
Price updated06/12/2016
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 price15.74
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code13C4
Data provided by

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