Fact sheet: Threadneedle EurpHdBd

Fund information
Fund name
Threadneedle European High Yield Bond Z Acc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Michael Poolesince 23/04/2012
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 high income paying Euro or British Pound bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in Europe or companies that have significant operations there. High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income. Where the Fund invests in bonds that are not priced in Euro, the Fund may take measures that aim to mitigate the risk of currency movements against the Euro. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • ML Euro Currency High Yield Constrained x Sub Fin (Euro Hedged)
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
22.9%
1 Year rank in sector
4/67
Sector
UT Global Bonds
Yield
4.3%
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
£842m (£534m 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.
69
Mid price
115.89
Top in this sector
Fund name1 Year
M&G Global gvt bnd28.7%
Aberdeen World Gov Bd24%
M&G Global Macro Bond23.7%
Threadneedle EurpHdBd22.9%
BlackRock OseaCorBdTrk22.9%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • Europe93%
    Money Market7%
  • Others14%
    Telecommunications12.7%
    Media12.5%
    Basic Industries10.3%
    Banks7.7%
  • European Fixed Interest93%
    Money Market7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.4%0.8%12.5%22.9%13.9%43.2%
Sector-2.8%-1.5%5.2%11.5%13.7%19.4%
Rank within sector52 / 7011 / 695 / 694 / 6728 / 574 / 47
Quartile3rd1st1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund23.4%-4.7%-3.5%9.4%15.9%
Sector11.4%-1.3%3.8%-2%6.1%
Rank within sector2 / 6754 / 6156 / 582 / 558 / 47
Quartile1st4th4th1st1st
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.
-1.78
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.
1.08
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.
0.11
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%.
8.81
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.
5.52
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.
-0.27
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.
0.6
Price movement
52 week high122.72
52 week low93.43
Current bid price-
Current offer price-
Current mid price115.89
Region
1Europe93%
2Money Market7%
Industry sector
1Others14%
2Telecommunications12.7%
3Media12.5%
4Basic Industries10.3%
5Banks7.7%
6Capital Goods7.4%
7Money Market7%
8Automotive5.9%
9Energy5.8%
Asset type
1European Fixed Interest93%
2Money Market7%
Individual holdings
1GAZPROM3.5%
2TELEFONICA EUROP3%
3ANGLO AMERICAN2.5%
4VIRGIN MEDIA2.4%
5TELECOM ITALIA2.2%
6HEIDELBERGCEMENT2.1%
7UNITYMEDIA2.1%
8WIND ACQUISITION1.9%
9ALTICE SA1.6%
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 high income paying Euro or British Pound bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in Europe or companies that have significant operations there. High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income. Where the Fund invests in bonds that are not priced in Euro, the Fund may take measures that aim to mitigate the risk of currency movements against the Euro. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • ML Euro Currency High Yield Constrained x Sub Fin (Euro Hedged)
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Poole23/04/2012Michael Poole joined the company in 2005 and is currently Head of High Yield Portfolio Management, EMEA, with responsibility for our European high yield teams in London. He is also lead portfolio manager for the European High Yield Bond Fund and is co-portfolio manager of the Threadneedle Credit Opportunities Fund, as well as a number of institutional mandates. Prior to his appointment as portfolio manager, Michael served as an investment analyst covering high yield credits in the Basic Industry, Packaging, Autos and Energy sectors. Michael previously worked for Muzinich as a credit analyst and also spent three years with Credit Suisse First Boston (previously Donaldson, Lufkin & Jenrette) within their investment banking division. Michael holds an MBA from London Business School and a degree in Economics (Honours) from the University of Western Ontario in Canada.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Peru, Portugal, Singapore, Sweden
Threadneedle European High Yield Bond GBP
Initial charge3.75%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price79.33
CurrencyGBX
Price updated11/06/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeT093
Threadneedle European High Yield Bond Inst Gr Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£750,000
Min regular saving£40,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price2.7464
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZ545
Threadneedle European High Yield Bond Inst Gr Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price233.59
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZ757
Threadneedle European High Yield Bond Inst Gr Inc EUR
Initial charge-
Annual charge0.75%
Min single investment£750,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price1.5023
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBNL8
Threadneedle European High Yield Bond Inst Gr Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price127.78
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBNL9
Threadneedle European High Yield Bond Inst Hedged Gr Acc CHF
Initial charge-
Annual charge0.75%
Min single investment£1,200,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price1.9213
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAN5
Threadneedle European High Yield Bond Ret Acc EUR
Initial charge3.75%
Annual charge1.25%
Min single investment£2,500
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price1.7436
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTH73
Threadneedle European High Yield Bond Ret Acc GBP
Initial charge3.75%
Annual charge1.25%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price148.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBL5
Threadneedle European High Yield Bond Ret Gr Acc EUR
Initial charge3.75%
Annual charge1.25%
Min single investment£2,500
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price2.1797
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTH70
Threadneedle European High Yield Bond Ret Gr Acc GBP
Initial charge3.75%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price185.39
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN9W3
Threadneedle European High Yield Bond Ret Gr Inc EUR
Initial charge3.75%
Annual charge1.25%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price1.4542
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ5F2
Threadneedle European High Yield Bond Ret Gr Inc GBP
Initial charge3.75%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price1.2369
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ5F1
Threadneedle European High Yield Bond Ret Hedged Gr Inc USD
Initial charge3.75%
Annual charge1.25%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.5735
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMBUK
Threadneedle European High Yield Bond X Inst Gr Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price0.929
CurrencyEUR
Price updated11/06/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGVRJ
Threadneedle European High Yield Bond X Inst Inc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.2193
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMCYK
Threadneedle European High Yield Bond Z Acc CHF
Initial charge3%
Annual charge0.6%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.569
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMGGR
Threadneedle European High Yield Bond Z Acc GBP
Initial charge3%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.89
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ6GY
Threadneedle European High Yield Bond Z Gr Acc EUR
Initial charge3%
Annual charge0.6%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.6404
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGVFM
Threadneedle European High Yield Bond Z Gr Acc GBP
Initial charge3%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price139.52
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7CU
Threadneedle European High Yield Bond Z Gr Acc USD
Initial charge3%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.5258
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYOO
Threadneedle European High Yield Bond Z Gr Inc EUR
Initial charge3%
Annual charge0.6%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.4159
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVFN
Threadneedle European High Yield Bond Z Gr Inc GBP
Initial charge3%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price120.43
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG7CV
Threadneedle European High Yield Bond Z Inc CHF
Initial charge3%
Annual charge0.6%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.5454
CurrencyCHF
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMGGS
Data provided by

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