Fact sheet: Threadneedle Defensive

Fund information
Fund name
Threadneedle Defensive Z Acc
Fund manager company
Threadneedle Inv Services Ltd
Fund type
Unit Trust
Fund managers
  • Jim Cielinskisince 31/05/2012
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests in a selection of regulated funds that are managed by any company within Threadneedle's group of companies. The Fund may invest worldwide. At least two-thirds of its assets will be invested in funds that invest in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and/or governments. The Fund is managed on a defensive basis, which means there would usually be a higher allocation to lower risk funds than for other funds of this type. The Fund may also invest up to 20% of its assets in funds that invest in shares. Up to 20% of the Fund may be invested in funds that use derivatives for investment purposes. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
10%
1 Year rank in sector
11/75
Sector
UT Mixed Investment 0%-35% Shares
Yield
1.4%
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.
0.73%
Fund size
£259m (£179m 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.
37
Bid price
112.5
Offer price
112.5
Top in this sector
Fund name1 Year
BlackRock NURS II Consensus 3515.7%
SVS TPI Cautious 315.1%
Old Mutual Cirilium Cons12.2%
SJP Strategic Income11.9%
7IM AAP Income10.7%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • International50.7%
    UK33.7%
    Money Market7.4%
    North America3.7%
    Europe ex UK2.3%
  • Fixed Interest69.5%
    Equities17%
    Money Market7.4%
    Others6.1%
  • Global Fixed Interest44.6%
    UK Fixed Interest24.9%
    UK Equities8.8%
    Money Market7.4%
    Others6.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-1.2%6.2%10%16.6%28.1%
Sector-0.8%-1.3%4.1%6.3%13.1%25.3%
Rank within sector81 / 8342 / 8314 / 8211 / 7521 / 5821 / 41
Quartile4th3rd1st1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.4%0.6%4.1%3.7%6.1%
Sector6.6%0.3%5.2%4.2%6.3%
Rank within sector10 / 7533 / 6143 / 5837 / 5131 / 43
Quartile1st3rd3rd3rd3rd
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.
1.03
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.
0.38
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%.
4.45
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.
1.79
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.
0.65
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.
0.84
Price movement
52 week high116.7
52 week low99.95
Current bid price112.5
Current offer price112.5
Current mid price-
Region
1International50.7%
2UK33.7%
3Money Market7.4%
4North America3.7%
5Europe ex UK2.3%
6Japan2.2%
Industry sector
1Fixed Interest69.5%
2Equities17%
3Money Market7.4%
4Others6.1%
Asset type
1Global Fixed Interest44.6%
2UK Fixed Interest24.9%
3UK Equities8.8%
4Money Market7.4%
5Others6.1%
6North American Equities3.7%
7Europe ex UK Equities2.3%
8Japanese Equities2.2%
Individual holdings
1THREADNEEDLE UK CORPORATE BOND FUND16%
2THREADNEEDLE DOLLAR BOND RET GR ACC GBP11.3%
3THREADNEEDLE EUROPEAN CORPORATE BOND FUND11%
4THREADNEEDLE GLOBAL OPPORTUNITIES BOND FUND6.2%
5THREADNEEDLE HIGH YIELD BOND FUND6.2%
6THREADNEEDLE GLOBAL BOND FUND 5.9%
7THREADNEEDLE EUROPEAN BOND FUND4.8%
8THREADNEEDLE UK EQUITY INCOME FUND4.8%
9THREADNEEDLE (LUX) GLOBAL CORPORATE BOND FUND4.4%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
Unit Trust
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests in a selection of regulated funds that are managed by any company within Threadneedle's group of companies. The Fund may invest worldwide. At least two-thirds of its assets will be invested in funds that invest in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and/or governments. The Fund is managed on a defensive basis, which means there would usually be a higher allocation to lower risk funds than for other funds of this type. The Fund may also invest up to 20% of its assets in funds that invest in shares. Up to 20% of the Fund may be invested in funds that use derivatives for investment purposes. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious
Investment method
None
Fund managers
NameSinceBiography
Jim Cielinski31/05/2012In 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
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Sweden
Threadneedle Defensive Inst Acc
Initial charge-
Annual charge0.9%
Min single investment£5,000,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.06%
Bid price93.96
Offer price93.96
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTF78
Threadneedle Defensive Ret Acc
Initial charge3.75%
Annual charge1.15%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.35%
Bid price91.8
Offer price95.24
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTC71
Threadneedle Defensive Z Acc
Initial charge3%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price112.5
Offer price112.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWYE
Threadneedle Defensive Z Inc
Initial charge3%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNE1Z
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