Fact sheet: Threadneedle Cr Opps

Fund information
Fund name
Threadneedle Credit Opportunities Inst Hedged Acc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Barrie Whitmansince 31/03/2009
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 18 to 24 month period, 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 similar to a loan and pay a fixed or variable interest rate) issued by companies and governments worldwide and in other debt securities including money market securities and, when appropriate, cash. The Fund invests directly in these assets 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). The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • Citigroup GBP 1 Month Euro Deposit
Investment style
Long/Short
Investment method
Fixed Interest
Quick stats
1 Year return
4.9%
1 Year rank in sector
25/71
Sector
UT Targeted Absolute Return
Yield
1.6%
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.
0.71%
Fund size
£1,427m (£1,125m 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.
15
Mid price
1.2514
Top in this sector
Fund name1 Year
7IM Unconstrained15.2%
FP Pictet Multi Asset Portfolio13.7%
VT iFunds Absolute Rtn Orange13.5%
S&W Saltus Wealth13.2%
Schroder UKDynAbsRet13%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.7%1.3%4.9%6.3%15%
Sector0.1%1%1.1%2.6%5.7%15.7%
Rank within sector40 / 7743 / 7740 / 7425 / 7131 / 5530 / 46
Quartile3rd3rd3rd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.6%4.7%0.6%1.5%3.7%
Sector0.8%1%2.2%2.5%6.5%
Rank within sector43 / 7717 / 7046 / 6444 / 5537 / 50
Quartile3rd1st3rd4th3rd
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.
1.5
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.
0.36
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%.
2.39
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.
2.55
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.
0.09
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.
0.07
Price movement
52 week high1.25
52 week low1.19
Current bid price-
Current offer price-
Current mid price1.25
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1THAMES WATER UTILITIES CAYMAN FINANCE LTD 5.375 21/07/20251.3%
2CNH INDUSTRIAL FIN EUROPE SA 6.25% EMTN 09/03/18 EUR10001.2%
3HEIDELBERGCEMENT AG 8.5% BDS 31/10/19 EUR10001.2%
4AKELIUS RESIDENTIAL PROPERTY AB 1.5% BDS 23/01/22 EUR1000001%
5KINDER MORGAN ENERGY PARTNERS 4.25% BDS 01/09/24 USD10001%
6PENNON GROUP PLC 6.75% PERP1%
7WESTERN POWER DISTRIBUTION EAST MID 3.625% NTS 06/11/23 GBP1000001%
8BG ENERGY CAPITAL 6.5% CAP SECS BDS 30/11/72 EUR10000.9%
9LIBERTY MUTUAL GROUP INC 2.75% NTS 04/05/26 EUR1000000.9%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 18 to 24 month period, 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 similar to a loan and pay a fixed or variable interest rate) issued by companies and governments worldwide and in other debt securities including money market securities and, when appropriate, cash. The Fund invests directly in these assets 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). The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • Citigroup GBP 1 Month Euro Deposit
Investment style
Long/Short
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Barrie Whitman31/03/2009Barrie Whitman joined the company in 1999 as is currently Head of Corporate Credit, EMEA, with responsibility for our high yield and investment grade fixed income teams in London. He manages the Threadneedle Credit Opportunities Fund and Strategic Bond Fund, and co-manages the Threadneedle High Yield Bond Fund as well as a number of institutional mandates.Barrie began his investment career in 1987 at United Bank of Kuwait as a credit analyst specialising in high yield bond investment. In 1990 he became a high yield fund manager and, in 1996, CIO for High Yield Investments. He then moved to Standard Bank London in 1997 as Head of European High Yield and Distressed Debt.Barrie graduated in 1982 with a BSc in Economics and Accounting from Hull University and qualified as a Chartered Accountant in 1986. He is also a member of the Institute of Chartered Accounts in England and Wales.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Sweden
Threadneedle Credit Opportunities Inst Gr Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price1.3411
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG3Q5
Threadneedle Credit Opportunities Inst Hedged Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price1.2514
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIPS9
Threadneedle Credit Opportunities Inst Hedged Gr Acc GBP
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 price1.4503
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNQU1
Threadneedle Credit Opportunities Inst Hedged Gr Inc GBP
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 price1.1818
CurrencyGBP
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQU2
Threadneedle Credit Opportunities Inst Hedged Inc GBP
Initial charge-
Annual charge0.65%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0196
CurrencyGBP
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKURV
Threadneedle Credit Opportunities Inst X Hedged Gr Acc GBP
Initial charge-
Annual charge-
Min single investment£3,000,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.061
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMX2R
Threadneedle Credit Opportunities Ret Gr Acc EUR
Initial charge3%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price1.347
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEYL7
Threadneedle Credit Opportunities Ret Gr Acc GBP
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 price1.2025
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMUUB
Threadneedle Credit Opportunities Ret Gr Inc EUR
Initial charge3%
Annual charge1%
Min single investment£2,500
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price0.9909
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLCP9
Threadneedle Credit Opportunities Ret Hedged Acc GBP
Initial charge3%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price1.348
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEYL9
Threadneedle Credit Opportunities Ret Hedged Gr Acc GBP
Initial charge3%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0375
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSYM
Threadneedle Credit Opportunities Ret Hedged Gr Acc USD
Initial charge3%
Annual charge1.25%
Min single investment£3,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price1.3879
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEYL8
Data provided by

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