Fact sheet: Threadneedle (L)GlblOppBd

Fund information
Fund name
Threadneedle (Lux) Global Opportunities Bond DU USD
Fund manager company
Threadneedle (Lux)
Fund type
Offshore Fund
Fund managers
  • Matthew Cobonsince 01/01/2016
  • Jim Cielinskisince 23/08/2011
Fund objective
The aim of the Fund is to make a positive return for you 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 bonds (which are a type of loan that pay a fixed or variable interest rate) issued by companies and governments.
Benchmark
  • One Month LIBOR (USD)
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-4.7%
1 Year rank in sector
110/132
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.
2.2%
Fund size
£22m (£107m 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.
27
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd17.9%
Polar Capital UK Abs Eq10.3%
SW Mitchell Emerging European9.6%
Orbis Optimal SA9.4%
Orbis Optimal USD9.4%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-0.9%-2.6%-4.7%-9.9%-2.6%
Sector-0.5%-0.4%0.4%-0.4%2.2%9.7%
Rank within sector116 / 14192 / 141120 / 138110 / 13279 / 8362 / 64
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-2.9%-6.2%-1.8%1.8%6.8%
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector105 / 132108 / 11566 / 8845 / 7117 / 63
Quartile4th4th3rd3rd2nd
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.
-4.17
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.
0.96
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%.
3.36
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.
2.88
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.
-1.47
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.
0.26
Price movement
52 week high12.51
52 week low11.72
Current bid price-
Current offer price-
Current mid price11.87
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
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 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 bonds (which are a type of loan that pay a fixed or variable interest rate) issued by companies and governments.
Benchmark
  • One Month LIBOR (USD)
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Matthew Cobon01/01/2016Matthew Cobon joined the company in 2011 and is currently Head of Interest Rates and Currency, EMEA. He is the lead portfolio manager of Threadneedle’s absolute return bond funds (Threadneedle Absolute Return Bond Fund and Threadneedle Target Return Fund). Matthew also sits on the firm-wide Asset Allocation committee and helps to manage an absolute return multi-asset fund in conjunction with the company’s Multi- Asset team. Matthew’s investment focus is formulating and managing a broad portfolio of developed market and emerging market currencies with a view to generating a liquid uncorrelated alpha stream. Before joining the company, Matthew spent four years at Aberdeen Asset Management where he held the role of Head of Currency. Matthew’s FX market experience spans 17 years and has also included roles at Deutsche Asset Management and Citigroup Global Markets. Matthew obtained an Economics degree from the University of Warwick in 1996.
Jim Cielinski23/08/2011In his role as Global Head of Fixed Income, Jim Cielinski is responsible for the overall management of the fixed income business, including investment process and investment strategy. He also manages the Threadneedle (Lux) Global Opportunities Bond Fund and is a key participant in the firm’s asset allocation process. Before joining the company, Jim spent 12 years at Goldman Sachs, leaving as Head of Global Credit – Investment Grade. He has also held senior investment roles at Utah Retirement Systems and Brown Brothers Harriman. Jim graduated from the University of Utah in 1983 with a BSc in Finance and gained an MBA from New York University in 1988. He also holds the Chartered Financial Analyst designation and is a member of the CFA Society of the UK.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
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) Global Opportunities Bond AEC EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI1UK
Threadneedle (Lux) Global Opportunities Bond AEH EUR
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price14.89
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08FA
Threadneedle (Lux) Global Opportunities Bond AFH CHF
Initial charge5%
Annual charge1.1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price14.45
CurrencyCHF
Price updated05/11/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI03H
Threadneedle (Lux) Global Opportunities Bond AGH GBP
Initial charge5%
Annual charge1%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price15.31
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08FB
Threadneedle (Lux) Global Opportunities Bond ASH USD
Initial charge2%
Annual charge1.4%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0OGC
Threadneedle (Lux) Global Opportunities Bond AU EUR
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price14.43
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0MXN
Threadneedle (Lux) Global Opportunities Bond AU USD
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price15.31
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08F9
Threadneedle (Lux) Global Opportunities Bond DEH EUR
Initial charge1%
Annual charge1.9%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price11.58
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08FD
Threadneedle (Lux) Global Opportunities Bond DU EUR
Initial charge1%
Annual charge1.9%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price11.19
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0MXM
Threadneedle (Lux) Global Opportunities Bond DU USD
Initial charge1%
Annual charge1.9%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price11.87
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08FC
Threadneedle (Lux) Global Opportunities Bond IEH EUR
Initial charge-
Annual charge0.55%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price20.47
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08FF
Threadneedle (Lux) Global Opportunities Bond IFH CHF
Initial charge-
Annual charge0.55%
Min single investment£150,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price18.49
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI06Q
Threadneedle (Lux) Global Opportunities Bond IGH GBP
Initial charge-
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price23.28
CurrencyGBP
Price updated03/05/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08FG
Threadneedle (Lux) Global Opportunities Bond IU EUR
Initial charge-
Annual charge0.55%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price19.89
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0MXL
Threadneedle (Lux) Global Opportunities Bond IU USD
Initial charge-
Annual charge0.55%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price21.1
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08FE
Threadneedle (Lux) Global Opportunities Bond ZGH GBP
Initial charge5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price14.38
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code13C6
Data provided by

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