Fact sheet: Threadneedle UKAbsAlp

Fund information
Fund name
Threadneedle UK Absolute Alpha Z Acc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Chris Kindersince 30/09/2010
  • Mark Westwoodsince 30/09/2010
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 12 month period, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies. At least two-thirds of the Funds assets will be in long and short positions in UK companies, or companies that have significant operations there and, when appropriate, cash.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
-5.5%
1 Year rank in sector
64/72
Sector
UT Targeted Absolute Return
Yield
0.2%
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.
0.87%
Fund size
£801m (£640m 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.
27
Mid price
117.83
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.5%
Threadneedle Tgt Rtn10.1%
CF Ruffer Absolute Return8.9%
IFSL Brooks Macdonald DC7.3%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials12.1%
    Consumer Goods9.6%
    Consumer Services9.2%
    Industrials8%
    Health Care6.3%
  • No data available.

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-2.3%-5%-5.5%7.5%20.2%
Sector-0.9%-0.4%0.7%-0.3%5.3%14.8%
Rank within sector39 / 7365 / 7466 / 7264 / 7224 / 5822 / 47
Quartile3rd4th4th4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-5.9%7.3%5.2%10.3%2.5%
Sector-0.2%2.2%2.5%6.5%3.3%
Rank within sector66 / 7213 / 6720 / 5815 / 5335 / 47
Quartile4th1st2nd2nd3rd
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.
0.34
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.
1.18
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%.
4.04
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.
3.44
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.
0.19
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.
0.28
Price movement
52 week high125.32
52 week low117.81
Current bid price-
Current offer price-
Current mid price117.83
Region
No data available.
Industry sector
1Financials12.1%
2Consumer Goods9.6%
3Consumer Services9.2%
4Industrials8%
5Health Care6.3%
6Basic Materials3.7%
7Oil & Gas1.2%
8Telecommunications0.8%
9Technology-0.2%
Asset type
No data available.
Individual holdings
1IMPERIAL BRANDS PLC2.5%
2LONDON STOCK EXCHANGE GROUP2.5%
3COMPASS GROUP2.4%
4DIAGEO PLC2.4%
5INFORMA PLC2.4%
6ROYAL DUTCH SHELL2.4%
7RELX PLC2.3%
8GLAXOSMITHKLINE2.2%
9SMITH & NEPHEW PLC2.2%
Management
Fund manager group
Threadneedle
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 12 month period, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies. At least two-thirds of the Funds assets will be in long and short positions in UK companies, or companies that have significant operations there and, when appropriate, cash.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Chris Kinder30/09/2010Chris Kinder joined the company as a portfolio manager in the UK equities team in 2010. His main responsibilities are the management of the Threadneedle UK Fund and Threadneedle UK Extended Alpha Fund, the co-management of the Threadneedle UK Absolute Alpha Fund and the co-management of a number of institutional portfolios. He is also responsible for coverage of the aerospace and defence, oil services, mining and banking sectors and for idea generation for the wider UK equity team. Before joining the company Chris was an assistant fund manager at RWC Partners. He has also worked at Govett Investments, gaining experience in smaller companies’ analysis. Chris is a qualified chartered accountant, having worked at PricewaterhouseCoopers for four years before joining the investment management industry. Chris holds a degree in Modern European Languages from Durham University. He also holds the Chartered Financial Analyst designation.
Mark Westwood30/09/2010Mark Westwood joined the company in August 2006 as a portfolio manager in the UK equities team. He manages the Threadneedle UK Select Fund and co-manages the Threadneedle UK Absolute Alpha Fund. He also has research responsibility for the travel & leisure, telecoms and other financials sectors. He started his portfolio management career in 1998 with Legg Mason before moving to Morley in 2005. Mark graduated with a BSc (hons) in materials science from Manchester University. He also holds a PhD in materials science and is an associate member of the Institute of Investment Management and Research.
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, Germany, Denmark, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Singapore, Sweden, Taiwan - Province Of China
Threadneedle UK Absolute Alpha H Acc EUR
Initial charge-
Annual charge1%
Min single investment£750,000
Min regular saving£40,000
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price1.4663
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUW9
Threadneedle UK Absolute Alpha Inst Acc EUR
Initial charge-
Annual charge1%
Min single investment£750,000
Min regular saving£40,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price1.5696
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUW6
Threadneedle UK Absolute Alpha Inst Acc GBP
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price132.42
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUW7
Threadneedle UK Absolute Alpha Inst Inc GBP
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0116
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWTX
Threadneedle UK Absolute Alpha Retail Acc EUR
Initial charge3.75%
Annual charge1.5%
Min single investment£2,500
Min regular saving£2,000
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price1.53
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUW3
Threadneedle UK Absolute Alpha Retail Acc GBP
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price129.09
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUW4
Threadneedle UK Absolute Alpha Retail Hedge
Initial charge3.75%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.3485
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMD0L
Threadneedle UK Absolute Alpha X 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 price0.9616
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMX2X
Threadneedle UK Absolute Alpha Z Acc CHF
Initial charge3%
Annual charge0.75%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.4143
CurrencyCHF
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRJP
Threadneedle UK Absolute Alpha Z Acc EUR
Initial charge3%
Annual charge0.75%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.3008
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRJN
Threadneedle UK Absolute Alpha Z Acc GBP
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price117.83
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG7CY
Threadneedle UK Absolute Alpha Z Acc USD
Initial charge3%
Annual charge0.75%
Min single investment£1,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.4782
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRJO
Threadneedle UK Absolute Alpha Z Inc GBP
Initial charge3%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.87%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.53
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKWTW
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.