Fact sheet: Threadneedle £ ShtDt CrBd

Fund information
Fund name
Threadneedle Sterling Short Dated Corporate Bond Inst Inc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Alasdair Rosssince 01/11/2011
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests at least two-thirds of its assets in higher rated corporate bonds (which are similar to a loan and pay a fixed or variable interest rate) that are priced in British pounds. The bonds the Fund invests in will generally have up to five years to maturity. Higher rated bonds (as defined by international agencies that provide such ratings) are considered safer than lower rated bonds but typically pay a lower income.
Benchmark
  • iBoxx GBP Non-Gilt (1-5 Y)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.8%
1 Year rank in sector
87/89
Sector
UT Sterling Corporate Bond
Yield
1.7%
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.
0.45%
Fund size
£770m (£371m 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.
8
Mid price
107.39
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.5%
Henderson Inst Long Dat Cr15.9%
F&C Instl Lg Dtd Corp Bd15.5%
Newton Long Corporate Bond15.4%
Insight UK Corp Lg Mat Bd15.2%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK100.2%
    Money Market-0.2%
  • Banks16.1%
    Utilities14.5%
    Insurance7.5%
    Government Guaranteed6.2%
    Asset/Mortgage-Backed Securities6%
  • UK Corporate Fixed Interest100.2%
    Money Market-0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1.1%1.5%3.8%8.2%17.5%
Sector0.9%3.5%2.8%9.3%18.8%34.7%
Rank within sector89 / 9691 / 9482 / 9287 / 8978 / 8267 / 69
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1%4.3%0.8%3.1%2.1%
Sector2.5%9.1%-0.3%10.1%0.2%
Rank within sector92 / 9481 / 8712 / 8580 / 8215 / 76
Quartile4th4th1st4th1st
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.
1.21
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.
0.24
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%.
1.43
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.
4.09
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.
-0.77
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.
0.82
Price movement
52 week high107.39
52 week low105.23
Current bid price-
Current offer price-
Current mid price107.39
Region
1UK100.2%
2Money Market-0.2%
Industry sector
1Banks16.1%
2Utilities14.5%
3Insurance7.5%
4Government Guaranteed6.2%
5Asset/Mortgage-Backed Securities6%
6Energy5.8%
7Telecommunications5.8%
8Consumer Goods4.5%
9Government Agency Bonds3.9%
Asset type
1UK Corporate Fixed Interest100.2%
2Money Market-0.2%
Individual holdings
1BANK NEDERLANDSE GEMEENTEN NV 5.75% 18/01/20192.3%
2FMS WERTMANAGEMENT AOER 1.25% 08/03/20191.9%
3KREDITANSTALT FUER WIEDERAUFBAU KFW 1.125% NTS 23/12/19 GBP10001.6%
4BUPA FINANCE PLC 3.375% NTS 17/06/21 GBP1000001.4%
5NATIONAL GRID GAS FINANCE PLC 1.125% INST 22/09/21 GBP1000001.3%
6BANK OF AMERICA CORP 6.13% 15/09/20211.2%
7IMPERIAL BRANDS FINANCE PLC 7.75% GTD NTS 24/06/19 GBP500001.2%
8PENNON GROUP PLC 6.75% PERP1.2%
9SEVERN TRENT UTILITIES FINANCE PLC 6% GTD NTS 22/01/18 GBP750001.2%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests at least two-thirds of its assets in higher rated corporate bonds (which are similar to a loan and pay a fixed or variable interest rate) that are priced in British pounds. The bonds the Fund invests in will generally have up to five years to maturity. Higher rated bonds (as defined by international agencies that provide such ratings) are considered safer than lower rated bonds but typically pay a lower income.
Benchmark
  • iBoxx GBP Non-Gilt (1-5 Y)
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Alasdair Ross01/11/2011Alasdair Ross joined the company in 2003 and is currently Head of Investment Grade Portfolio Management, EMEA, with responsibility for our UK and European investment grade corporate credit teams in London. He is also lead portfolio manager for UK, Euro and Global credit portfolios which include the Threadneedle European Corporate Bond Fund, the Threadneedle Global Corporate Bond Fund and the Threadneedle Pensions Corporate Bond Fund.Alasdair’s investment background is as a relative value focused, bottom-up investment grade credit analyst. Between joining the company in 2003 and becoming a portfolio manager in 2007, he had responsibility for covering the TMT, utility and energy sectors, as well as the sterling whole business securitisation sector.Prior to joining the company, Alasdair worked at BP plc in a rotation of commercial roles.Alasdair has a first class honours degree in Politics, Philosophy and Economics from the University of Oxford. He also holds the Chartered Financial Analyst designation.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Threadneedle Sterling Short Dated Corporate Bond 1 RGA Hdg EUR
Initial charge3.75%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNSJ5
Threadneedle Sterling Short Dated Corporate Bond 1 Rga EUR
Initial charge3.75%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNSJ4
Threadneedle Sterling Short Dated Corporate Bond 2 IGA EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNSJ6
Threadneedle Sterling Short Dated Corporate Bond 2 IGA GBP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNSJ7
Threadneedle Sterling Short Dated Corporate Bond 2 IGA Hdg EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNSJ8
Threadneedle Sterling Short Dated Corporate Bond Inst Gr Inc GBP
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price107.75
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7B7
Threadneedle Sterling Short Dated Corporate Bond Inst Inc GBP
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price107.39
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMQB2
Threadneedle Sterling Short Dated Corporate Bond Inst X Gr Acc GBP
Initial charge-
Annual charge-
Min single investment£3,000,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.3075
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYYG
Threadneedle Sterling Short Dated Corporate Bond Inst X Gr Inc GBP
Initial charge-
Annual charge-
Min single investment£3,000,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.1043
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMC4N
Threadneedle Sterling Short Dated Corporate Bond Ret Acc GBP
Initial charge3.75%
Annual charge0.75%
Min single investment£2,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.58
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN5QP
Threadneedle Sterling Short Dated Corporate Bond Ret Gr Acc GBP
Initial charge3.75%
Annual charge0.75%
Min single investment£2,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.81
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSLQ
Threadneedle Sterling Short Dated Corporate Bond YGI GBP
Initial charge-
Annual charge0.25%
Min single investment£150,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.39
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNSJ9
Threadneedle Sterling Short Dated Corporate Bond ZGA GBP
Initial charge3%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNSJA
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.