Fact sheet: Threadneedle UK ShtDt CrBd

Fund information
Fund name
Threadneedle UK Short Dated Corporate Bond Inst Inc
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Alasdair Rosssince 01/11/2011
Fund objective
The aim of the Fund is to grow the amount you invested. The Fund invests at least two-thirds of its assets in higher rated corporate bonds (which are similar to a loan and pay a fixed or variable interest rate) that are priced in British pounds. The bonds the Fund invests in will generally have up to five years to maturity. 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. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • iBoxx GBP Non-Gilt (1-5 Y)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.3%
1 Year rank in sector
83/92
Sector
UT Sterling Corporate Bond
Yield
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.
0.47%
Fund size
£722m (£315m 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.
8
Mid price
106.42
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK97.2%
    Money Market2.8%
  • Investment Grade Bonds68.9%
    Government Agency Bonds11.8%
    Mortgage & Secured Bonds8.3%
    High Yield Bond6%
    Money Market2.8%
  • UK Corporate Fixed Interest97.2%
    Money Market2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.4%1.5%3.3%7.8%18.5%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector4 / 976 / 9481 / 9483 / 9281 / 8768 / 71
Quartile1st1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.8%0.8%3.1%2.1%7.3%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector83 / 9212 / 9082 / 8715 / 7866 / 71
Quartile4th1st4th1st4th
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.
1.18
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.
0.24
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
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%.
1.42
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.
4.03
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.
-0.66
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.
0.81
Price movement
52 week high107.39
52 week low103.66
Current bid price-
Current offer price-
Current mid price106.42
Region
1UK97.2%
2Money Market2.8%
Industry sector
1Investment Grade Bonds68.9%
2Government Agency Bonds11.8%
3Mortgage & Secured Bonds8.3%
4High Yield Bond6%
5Money Market2.8%
6Government Bonds2.2%
Asset type
1UK Corporate Fixed Interest97.2%
2Money Market2.8%
Individual holdings
1KFW INTERNATIONAL FINANCE INC 5.625% BDS 25/8/2017 GBP10003.3%
2GOV OF UK 0.50% 22/07/20221.7%
3KREDITANSTALT FUER WIEDERAUFBAU KFW 1.125% NTS 23/12/19 GBP10001.7%
4KREDITANSTALT FUER WIEDERAUFBAU KFW 2% MTN 06/12/18 GBP50001.7%
5FMS WERTMANAGEMENT 1.25% NTS 08/03/19 GBP1000001.4%
6NATIONAL GRID GAS FINANCE PLC 1.125% INST 22/09/21 GBP1000001.4%
7SEVERN TRENT UTILITIES FINANCE PLC 6% GTD NTS 22/01/18 GBP750001.4%
8BUPA FINANCE PLC 3.375% NTS 17/06/21 GBP1000001.2%
9MOLSON COORS INTL LP 2.75% BDS 18/09/20 CAD1000 REGS1.1%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund objective
The aim of the Fund is to grow the amount you invested. The Fund invests at least two-thirds of its assets in higher rated corporate bonds (which are similar to a loan and pay a fixed or variable interest rate) that are priced in British pounds. The bonds the Fund invests in will generally have up to five years to maturity. 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. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • iBoxx GBP Non-Gilt (1-5 Y)
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Alasdair Ross01/11/2011Alasdair 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
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Threadneedle UK Short Dated Corporate Bond Inst Gross Inc
Initial charge5%
Annual charge0.4%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.47%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price106.79
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7B7
Threadneedle UK Short Dated Corporate Bond Inst Inc
Initial charge5%
Annual charge0.4%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.47%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price106.42
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMQB2
Threadneedle UK Short Dated Corporate Bond R Acc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.31
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN5QP
Threadneedle UK Short Dated Corporate Bond R Gross Acc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.45
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSLQ
Threadneedle UK Short Dated Corporate Bond X
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.17
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMC4N
Threadneedle UK Short Dated Corporate Bond X Gr Acc
Initial charge-
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.61
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYYG
Data provided by

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