Fact sheet: Threadneedle Eurpn CrpBd

Fund information
Fund name
Threadneedle European Corporate Bond Z Acc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Alasdair Rosssince 31/08/2007
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 higher rated bonds (which are similar to a loan and pay a fixed or variable interest rate) priced in Euro and issued by companies in Europe or companies that have significant operations there. Higher rated bonds, as defined by international agencies that provide such ratings, are considered safer than lower rated bonds but typically pay a lower 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
  • IBOXX European Corp Bond Idx
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
23%
1 Year rank in sector
9/67
Sector
UT Global Bonds
Yield
0.8%
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.
0.67%
Fund size
£200m (£56m 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.
68
Mid price
115.07
Top in this sector
Fund name1 Year
M&G Global gvt bnd29.8%
Aberdeen World Gov Bd25.6%
M&G Global Macro Bond24.5%
BlackRock Osea GovBdTrk24.2%
BlackRock OseaCorBdTrk24.1%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • Europe89.5%
    Money Market10.5%
  • Utilities16.1%
    Banks14%
    Money Market10.5%
    Telecommunications8.4%
    Real Estate7.2%
  • European Fixed Interest89.5%
    Money Market10.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.6%-1.1%9.9%23%14.2%32.7%
Sector-2.9%-1.5%5.3%11.7%13.5%19%
Rank within sector58 / 7027 / 6913 / 699 / 6726 / 5713 / 47
Quartile4th2nd1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund21.1%-6.2%1%4.5%12%
Sector11.3%-1.3%3.8%-2%6.1%
Rank within sector8 / 6758 / 6150 / 589 / 5510 / 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.
-2.47
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.
1.25
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.
0.15
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%.
9.26
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.
4.93
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.
-0.23
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.
0.74
Price movement
52 week high124.17
52 week low94.21
Current bid price-
Current offer price-
Current mid price115.07
Region
1Europe89.5%
2Money Market10.5%
Industry sector
1Utilities16.1%
2Banks14%
3Money Market10.5%
4Telecommunications8.4%
5Real Estate7.2%
6Government Bonds6.8%
7Basic Industries6.4%
8Consumer Goods6.3%
9Energy5.8%
Asset type
1European Fixed Interest89.5%
2Money Market10.5%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 0% BDS 08/10/21 EUR10004.3%
2KREDITANSTALT FUER WIEDERAUFBAU KFW FRN 11/09/19 EUR10002.6%
3GERMANY(FEDERAL REPUBLIC OF) 0% BDS 15/08/26 EUR0.012.4%
4FMS WERTMANAGEMENT 0.125% BDS 16/04/20 EUR10001.4%
5DNB BOLIGKREDITT AS 0.375% MTN 20/10/20 EUR10001.3%
6NATIONAL GRID GAS FINANCE PLC 0.625% INST 22/09/24 EUR1000001.3%
7BRITISH TELECOMMUNICATIONS 1.125% NTS 10/03/23 EUR1000001.1%
8DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 0.05% 03/04/201.1%
9ANHEUSER-BUSCH INBEV SA/NV 2.7% NTS 31/03/26 EUR1000001%
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 higher rated bonds (which are similar to a loan and pay a fixed or variable interest rate) priced in Euro and issued by companies in Europe or companies that have significant operations there. Higher rated bonds, as defined by international agencies that provide such ratings, are considered safer than lower rated bonds but typically pay a lower 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
  • IBOXX European Corp Bond Idx
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Alasdair Ross31/08/2007Alasdair 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Portugal, Singapore, Sweden
Threadneedle European Corporate Bond Inst Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£750,000
Min regular saving£40,000
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price1.6324
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7K4
Threadneedle European Corporate Bond Inst Gr GBP
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price1.39
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI7K3
Threadneedle European Corporate Bond Ret Acc EUR
Initial charge3.75%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price1.2335
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN9V8
Threadneedle European Corporate Bond Ret GBP
Initial charge3.75%
Annual charge1%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price105.03
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTC73
Threadneedle European Corporate Bond Ret Gr Acc EUR
Initial charge3.75%
Annual charge1%
Min single investment£2,500
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price1.3396
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTC74
Threadneedle European Corporate Bond Ret Gr GBP
Initial charge3.75%
Annual charge1%
Min single investment£2,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price114.07
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKMV0
Threadneedle European Corporate Bond Z Acc GBP
Initial charge3%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.07
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ6GW
Data provided by

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