Fact sheet: Threadneedle Corp Bd Pn

Fund information
Fund name
Threadneedle Corporate Bond Pn 2 WRA
Fund manager company
Threadneedle Pensions
Fund type
Pension Fund
Fund manager
  • Alasdair Rosssince 01/03/2009
No data available.
Fund objective
To invest primarily in sterling denominated UK corporate bonds. It aims to achieve total returns that are 0.75% per annum above its benchmark, gross of fees, over rolling 3 year periods.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.1%
1 Year rank in sector
70/174
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£120m (£116m 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.
38
Top in this sector
Fund name1 Year
OMW IPL F&C Real Dynamic LDI Pn49.9%
OMW IPL F&C Sht Pr Rl Dn LDI Pn48.1%
OMW IPL F&C Nominal Dyn LDI Pn33.4%
OMW IPL LGIM 2055IdxLkdGltPn27.3%
OMW IPL LGIMOvr15Yr I LGltPn23.8%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • International99.3%
    Money Market0.7%
  • Others20.1%
    Utilities15.6%
    Banks13.9%
    Asset/Mortgage-Backed Securities12.7%
    Government Bonds8.1%
  • Global Fixed Interest99.3%
    Money Market0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-5.8%2.9%7.1%20.1%43.7%
Sector-2%-6.9%5.4%9%23.1%33.1%
Rank within sector112 / 17850 / 17785 / 17770 / 17466 / 14223 / 127
Quartile3rd2nd2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.9%0.4%11.8%0.9%14.2%
Sector10.6%-1.2%13.9%-1.7%6.6%
Rank within sector85 / 17550 / 15384 / 14214 / 1367 / 127
Quartile2nd2nd3rd1st1st
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.
0.49
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.
0.8
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.
0.48
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%.
6.18
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.
2.38
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.
-0.38
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 high245.14
52 week low211.77
Current bid price-
Current offer price-
Current mid price228.96
Region
1International99.3%
2Money Market0.7%
Industry sector
1Others20.1%
2Utilities15.6%
3Banks13.9%
4Asset/Mortgage-Backed Securities12.7%
5Government Bonds8.1%
6Insurance6.5%
7Real Estate5.5%
8Telecommunications5.2%
9Consumer Goods4.4%
Asset type
1Global Fixed Interest99.3%
2Money Market0.7%
Individual holdings
1TREASURY 3.5% GILT 22/01/45 GBP3.1%
2TREASURY 4.75% GILT 07/12/38 GBP2.5%
3KFW INTERNATIONAL FINANCE INC 6% NOTES 7/12/2028 GBP(VAR)2.1%
4TREASURY 1.5% GILT 22/07/26 GBP0.011.5%
5BANK OF AMERICA CORP 6.125% SNR NTS 15/09/21 GBP500001.1%
6EDF 5.5% BDS 17/10/41 GBP1000001%
7FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1%
8AT&T INC 4.25% BDS 01/06/43 GBP1000000.9%
9AT&T INC 4.375% NTS 14/09/29 GBP10000.9%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Pensions
Fund type
Pension Fund
Fund objective
To invest primarily in sterling denominated UK corporate bonds. It aims to achieve total returns that are 0.75% per annum above its benchmark, gross of fees, over rolling 3 year periods.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Alasdair Ross01/03/2009Alasdair Ross is an investment grade credit portfolio manager within the Fixed Income Team at Columbia Threadneedle Investments. In the absolute return space he is the co-manager on the Threadneedle Credit Opportunities Fund and has responsibility for the investment grade book on the Threadneedle Global Opportunities Fund. In the long-only space he manages the Threadneedle Pensions Corporate Bond Fund, the Threadneedle European Corporate Bond Fund and is deputy manager of the Threadneedle European Bond Fund. He is also the investment grade representative on the Fixed Income Asset Allocation Team. Mr. Ross’ 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 securitization sector. Prior to joining the company, Mr. Ross worked at BP plc in a rotation of commercial roles. Mr. Ross received a first class honours degree in politics, philosophy and economics from Oxford University. He also holds the Chartered Financial Analyst designation.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Threadneedle Corporate Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price249.41
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeT143
Threadneedle Corporate Bond Pn 2 WRA
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price228.96
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeEXI6
Threadneedle Corporate Bond Pn A WRA
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price229.21
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeEXF8
Threadneedle Corporate Bond Pn B WRA
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price252.82
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeEXF9
Threadneedle Corporate Bond Pn UND
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price218.95
CurrencyGBX
Price updated16/12/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeEXQ8
Data provided by

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