Fact sheet: Threadneedle UK Prp AutTstFdr

Fund information
Fund name
Threadneedle UK Property Authorised Trust Feeder Inst Acc
Fund manager company
Threadneedle Inv Services Ltd
Fund type
Unit Trust
Fund managers
  • Don Jordisonsince 12/05/2016
  • Gerry Frewinsince 12/05/2016
Fund objective
The aim of the Trust is to provide income and to grow the amount you invested. The Trust will invest 100%, or close to 100%, in the Threadneedle UK Property Authorised Investment Fund (the “Company”), which is a Property Authorised Investment Fund (“PAIF”) for tax purposes. Since the Trust will invest all, or a very high proportion, of its assets into the Company, the Trust’s investment returns are expected to be very similar to those of the Company. The objective of the Company is to grow the amount invested, and its investment policy is to invest typically at least two-thirds of its assets, either directly or indirectly in commercial real estate in the United Kingdom. The Company may also invest in shares, bonds, gilts, and other funds. The Company may invest in other assets including cash, for purposes of efficient portfolio management.
Benchmark
  • IPD UK Monthly Index
Investment style
None
Investment method
Feeder fund, Physical
Quick stats
1 Year return
0.5%
1 Year rank in sector
-
Sector
UT Property
Yield
4.2%
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.
0.79%
Fund size
£991m
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.
46
Bid price
522.2
Offer price
524.8
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop39%
First State AsianPropSec22%
Schroder Gbl Rel Est Sec Inc18.2%
L&G Global Real Estate Div Ix18.1%
Fidelity Global Property18%
...more in UT Property

Performance snapshot

Holdings snapshot

  • South East UK49.4%
    Money Market30.1%
    Midlands6.5%
    Northern UK5.1%
    Wales3.6%
  • Money Market30.1%
    Offices - Property22.4%
    Shop - Property18.5%
    Industrial - Property17.5%
    Retail - Property9.4%
  • Property69.9%
    Money Market30.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%7.1%8.3%0.5%25%33%
Sector0.2%2.1%2.3%5.1%22.9%34.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund6.5%-4.6%9.5%15.9%5%
Sector1.4%5%5.4%10.7%4.7%
Rank within sector-----
Quartile
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.
8.19
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.
-0.04
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.
0.83
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%.
5.05
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.
7.86
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.
-0.16
Price movement
52 week high523.1
52 week low479.7
Current bid price522.2
Current offer price524.8
Current mid price-
Region
1South East UK49.35%
2Money Market30.1%
3Midlands6.5%
4Northern UK5.1%
5Wales3.63%
6Yorkshire & Humberside2.24%
7Eastern UK1.54%
8London1.54%
Industry sector
1Money Market30.1%
2Offices - Property22.44%
3Shop - Property18.52%
4Industrial - Property17.48%
5Retail - Property9.44%
6Other - Property2.03%
Asset type
1Property69.9%
2Money Market30.1%
Individual holdings
1FAREHAM, SOLENT BUSINESS PARK3.7%
2AYLESFORD, LARKFIELD MILL2.6%
3BRENTWOOD, BAYTREE CENTRE2.3%
4LONDON SE1, LONG LANE2.2%
5BRAINTREE, GEORGE YARD S/CENTRE2.1%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
Unit Trust
Fund objective
The aim of the Trust is to provide income and to grow the amount you invested. The Trust will invest 100%, or close to 100%, in the Threadneedle UK Property Authorised Investment Fund (the “Company”), which is a Property Authorised Investment Fund (“PAIF”) for tax purposes. Since the Trust will invest all, or a very high proportion, of its assets into the Company, the Trust’s investment returns are expected to be very similar to those of the Company. The objective of the Company is to grow the amount invested, and its investment policy is to invest typically at least two-thirds of its assets, either directly or indirectly in commercial real estate in the United Kingdom. The Company may also invest in shares, bonds, gilts, and other funds. The Company may invest in other assets including cash, for purposes of efficient portfolio management.
Benchmark
  • IPD UK Monthly Index
Investment style
None
Investment method
Feeder fund, Physical
Fund managers
NameSinceBiography
Don Jordison12/05/2016Don Jordison is Managing Director of Threadneedle Property Investments. Don began his career in 1982 at Prudential, following graduation in 1984 with First Class Honours Degree in Urban Estate Surveying. He then joined Allied Dunbar as a trainee property manager in 1985 and obtained Associate Membership of the Royal Institution of Chartered Surveyors. In 1988 he obtained an MBA from City University. In 1991 he became a Director responsible for the AD Unit Linked Life Property Fund. On the formation of Threadneedle Property Investments in 1994 by merging the property investment activities of Allied Dunbar and Eagle Star, Don joined as a founding director.Don transferred from the AD Life Property Fund in August 1997 to take over the £1 billion AD Pension Property Fund. He left behind a five year record of top quartile performance and outright top fund over 3 years against the Investment Property Databank Monthly Index of 67 performance funds. Alongside these responsibilities Don is also the Fund Manager of The Threadneedle UK Property Trust, Threadneedle Strategic IV and The Low Carbon Workplace Fund.
Gerry Frewin12/05/2016Gerry Frewin joined Threadneedle Property Investments in 2010 as an investment surveyor primarily responsible for sales, acquisitions and the day-to-day management of the Threadneedle UK Property Authorised Investment Fund, and also assisting with transaction activity for the Threadneedle Property Unit Trust, Threadneedle Strategic Property Fund and several third party portfolios. In 2015 he was appointed fund manager of the Threadneedle UK Property Authorised Investment Fund.Gerry is well versed in the company’s property process, having worked for the firm between 2002 and 2005. Thereafter, he gained further experience at Mayfair Capital and Kilmartin Property Group. Gerry has a BSc (Hons) in Real Estate Valuation and Management from the University of the West of England and is also a member of the Royal Institution of Chartered Surveyors.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Threadneedle UK Property Authorised Trust Feeder Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price522.2
Offer price524.8
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSQN
Threadneedle UK Property Authorised Trust Feeder Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price504.8
Offer price507.3
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKSQO
Threadneedle UK Property Authorised Trust Feeder Ret Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price51.92
Offer price54.8
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSQL
Threadneedle UK Property Authorised Trust Feeder Ret Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price50.15
Offer price52.93
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKSQM
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.