Fact sheet: Threadneedle Am Extnd Alp

Fund information
Fund name
Threadneedle American Extended Alpha Inst GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Neil Robsonsince 17/02/2012
  • Ashish Kocharsince 17/01/2012
Accolades
 Highly Commended - North America
Fund objective
The aim of the Fund is to grow the amount you invested. 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 operations there. The Fund invests directly in shares or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices).
Benchmark
  • S&P 500
Investment style
None
Investment method
Shares
Quick stats
1 Year return
24.1%
1 Year rank in sector
59/82
Sector
UT North America
Yield
0.2%
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.
0.82%
Fund size
£216m (£215m 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.
103
Mid price
323.9
Top in this sector
Fund name1 Year
VT De Lisle America47.1%
CF Canlife North American43.6%
Aviva Inv US Equity Income38.1%
Aviva Inv US Eq Inc II37.4%
Investec American37.1%
...more in UT North America

Performance snapshot

Holdings snapshot

  • North America100%
  • Information Technology26.4%
    Financials16.6%
    Health Care14%
    Industrials10.2%
    Consumer Discretionary9.1%
  • North American Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%7.8%22.2%24.1%56.2%131.4%
Sector0.9%7%21%26%56.6%121.3%
Rank within sector46 / 9033 / 8828 / 8459 / 8251 / 7324 / 64
Quartile3rd2nd2nd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund22.2%10.3%15.2%29.7%10.6%
Sector25.6%4.9%17.8%30.5%6.9%
Rank within sector68 / 828 / 8060 / 7342 / 669 / 64
Quartile4th1st4th3rd1st
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.
1.08
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.
0.99
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.
1.11
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%.
11.84
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.
3.75
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.
0.24
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.
0.9
Price movement
52 week high331.44
52 week low232.18
Current bid price-
Current offer price-
Current mid price323.9
Region
1North America100%
Industry sector
1Information Technology26.4%
2Financials16.6%
3Health Care14%
4Industrials10.2%
5Consumer Discretionary9.1%
6Consumer Staples7.7%
7Energy7.2%
8Exchange Traded Funds (ETF)4%
9Materials2.4%
Asset type
1North American Equities100%
Individual holdings
1ALPHABET INC. CLASS A6.5%
2APPLE INC5.1%
3BERKSHIRE HATHAWAY INC4.8%
4VISA INC4.1%
5S&P500 EMINI FUT DEC164%
6MICROSOFT CORP3.7%
7JPMORGAN CHASE & CO3.4%
8DEVON ENERGY CORP3%
9LAM RESEARCH CORP3%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund objective
The aim of the Fund is to grow the amount you invested. 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 operations there. The Fund invests directly in shares or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices).
Benchmark
  • S&P 500
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Neil Robson17/02/2012Neil Robson joined the company in 2011 as a portfolio manager within the Global Equities team. He is the deputy manager of the Threadneedle Global Select Fund and manages a number of global equity mandates for institutional clients. He is also the co-manager of the Threadneedle Global Extended Alpha Fund, the Threadneedle American Extended Alpha Fund and the Threadneedle American Absolute Alpha Fund. Before joining the company, Neil worked as a fund manager at companies including Martin Currie, Barings and Citibank. In addition, he was Head of Global Equity at Pioneer Investments from 2003 to 2009. Neil has an Economics degree from the University of Bristol.
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, IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Singapore, Sweden
Threadneedle American Extended Alpha Inst Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£750,000
Min regular saving£40,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price3.8482
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA6U7
Threadneedle American Extended Alpha Inst Acc USD
Initial charge-
Annual charge0.75%
Min single investment£800,000
Min regular saving£40,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price4.088
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA6U8
Threadneedle American Extended Alpha Inst GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price323.9
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA6U6
Threadneedle American Extended Alpha Q Acc EUR
Initial charge3.75%
Annual charge1.5%
Min single investment£2,500
Min regular saving£750
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price2.8434
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1V3
Threadneedle American Extended Alpha Ret Acc EUR
Initial charge3.75%
Annual charge1.5%
Min single investment£2,500
Min regular saving£750
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price3.6036
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6U4
Threadneedle American Extended Alpha Ret Acc USD
Initial charge3.75%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price3.8281
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6U5
Threadneedle American Extended Alpha Ret GBP
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price303.31
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6U3
Threadneedle American Extended Alpha Z Acc GBP
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price165.25
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJB9B
Threadneedle American Extended Alpha Z Acc USD
Initial charge3%
Annual charge0.75%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.0856
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ6HL
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