Fact sheet: Threadneedle Hi Yld Bd

Fund information
Fund name
Threadneedle High Yield Bond Z Inc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Barrie Whitmansince 03/10/1999
  • David Backhousesince 23/04/2012
Fund objective
The aim of the Fund is to provide income. The Fund invests at least two-thirds of its assets in high income paying bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies worldwide. 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. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • ML Euro Currency High Yield 3% Constrained ex Subordinated Financials Hgd Idx
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
3.9%
1 Year rank in sector
22/23
Sector
UT Sterling High Yield
Yield
4.9%
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
£885m (£756m 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.
28
Mid price
101.41
Top in this sector
Fund name1 Year
Fidelity Global High Yield11.7%
Newton Global Hi Yield Bd10.3%
L&G High Income Trust9.7%
Investec MonthlyHiInc9.4%
JPM Global High Yield Bond8.8%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • No data available.
  • Others14.3%
    Media13.4%
    Telecommunications13.4%
    Basic Industries10.6%
    Capital Goods8.2%
  • Global High Yield Fixed Interest99.4%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-1%2.8%3.9%12.1%44.4%
Sector-0.4%-0.2%4.2%6.5%10.3%40.7%
Rank within sector17 / 2318 / 2321 / 2322 / 2312 / 2210 / 20
Quartile3rd4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6%1.3%3.8%7.5%18.5%
Sector8%-0.3%1.8%6.2%18.4%
Rank within sector18 / 238 / 235 / 2213 / 2112 / 20
Quartile4th2nd1st3rd3rd
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.
1.31
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.
0.9
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.
0.2
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%.
4.22
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.
1.5
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.
0.89
Price movement
52 week high103.44
52 week low94.97
Current bid price-
Current offer price-
Current mid price101.41
Region
No data available.
Industry sector
1Others14.3%
2Media13.4%
3Telecommunications13.4%
4Basic Industries10.6%
5Capital Goods8.2%
6Banks8.1%
7Automotive6.1%
8Energy5.9%
9Retail5.3%
Asset type
1Global High Yield Fixed Interest99.4%
2Money Market0.6%
Individual holdings
1GAZPROM3.8%
2TELEFONICA EUROP3.3%
3VIRGIN MEDIA2.7%
4ANGLO AMERICAN2.5%
5UNITYMEDIA2.5%
6FIAT2.2%
7HEIDELBERGCEMENT AG2.2%
8TELECOM ITALIA SPA (NEW)2.2%
9WIND ACQUISITION2.2%
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. The Fund invests at least two-thirds of its assets in high income paying bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies worldwide. 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. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • ML Euro Currency High Yield 3% Constrained ex Subordinated Financials Hgd Idx
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Barrie Whitman03/10/1999Barrie 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 High Yield Bond, European High Yield Bond and Strategic Bond Funds as well as a number of institutional mandates. He is also co-manager of the Threadneedle Credit Opportunities Fund. 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.
David Backhouse23/04/2012David Backhouse is a portfolio manager in the dedicated High Yield Bond team. He joined the company in 2003 as an investment analyst, specialising in non-investment grade credits. Before joining the company, David worked for Gartmore as a credit analyst. He has also worked for UBK Asset Management as a senior Telecommunications analyst and Ernst & Young as an auditor. He holds a BEng (Hons) degree in electrical and electronic engineering from UMIST and is a qualified chartered accountant. David is a member the Institute of Chartered Accountants in England and Wales.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, UCITS V Compliant
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, Portugal, Singapore, Sweden
Threadneedle High Yield Bond Inst Gr Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price165.69
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTI19
Threadneedle High Yield Bond Inst Gr Inc 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 price0.5245
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBYV0
Threadneedle High Yield Bond Inst Inc 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 price60.89
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeTH65
Threadneedle High Yield Bond R Gr USD
Initial charge3.75%
Annual charge1.25%
Min single investment£3,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9581
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKPXR
Threadneedle High Yield Bond Ret Gr Acc
Initial charge3.75%
Annual charge1.25%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0547
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSYJ
Threadneedle High Yield Bond Ret Gr Inc GBP
Initial charge3.75%
Annual charge1.25%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price42.48
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTF60
Threadneedle High Yield Bond Ret Inc GBP
Initial charge3.75%
Annual charge1.25%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price42.41
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTH64
Threadneedle High Yield Bond X Gr Acc GBP
Initial charge-
Annual charge-
Min single investment£3,000,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0686
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMX2U
Threadneedle High Yield Bond X Gr Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9828
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKLWJ
Threadneedle 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 price1.0737
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKPXQ
Threadneedle 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 price132.09
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7CO
Threadneedle High Yield Bond Z Gr 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 price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGLVP
Threadneedle High Yield Bond Z Gr Inc 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 price98.83
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ6HD
Threadneedle High Yield Bond Z Inc 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 price101.41
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG7CP
Data provided by

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