Fact sheet: Threadneedle UKCorpBd

Fund information
Fund name
Threadneedle UK Corporate Bond Inst Inc GBP
Fund manager company
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund managers
  • Alasdair Rosssince 31/05/2015
Fund objective
The aim of the Fund is to provide income. The Fund invests at least two-thirds of its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in the UK and Continental Europe.
Benchmark
  • iBoxx £ Non Gilts Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
12%
1 Year rank in sector
23/89
Sector
UT Sterling Corporate Bond
Yield
3.1%
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.
0.56%
Fund size
£888m (£604m 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.
32
Mid price
61.63
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond18.3%
Henderson Inst Long Dat Cr17.8%
F&C Instl Lg Dtd Corp Bd16.8%
Blackrock InstBdOver10YrCorp16.6%
Fidelity Inst UK Lg Crp Bd16.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK99%
    Money Market1%
  • Investment Grade Bonds65.3%
    Mortgage & Secured Bonds15.5%
    High Yield Bond8.1%
    Government Bonds5.8%
    Money Market4%
  • UK Corporate Fixed Interest99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%2.6%-1.4%12%19.6%37.8%
Sector0.4%2.1%-2.3%10.3%18.3%33.5%
Rank within sector26 / 9519 / 9526 / 9023 / 8939 / 8326 / 70
Quartile2nd1st2nd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.6%10%0.4%9.5%1%
Sector0.4%9.1%-0.3%10.1%0.2%
Rank within sector31 / 9533 / 8823 / 8658 / 8336 / 77
Quartile2nd2nd2nd3rd2nd
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.
0.67
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.
0.95
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.
0.43
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%.
5.07
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.
0.68
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.
0.63
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.
0.98
Price movement
52 week high63.68
52 week low56.68
Current bid price-
Current offer price-
Current mid price61.63
Region
1UK99%
2Money Market1%
Industry sector
1Investment Grade Bonds65.3%
2Mortgage & Secured Bonds15.5%
3High Yield Bond8.1%
4Government Bonds5.8%
5Money Market4%
6Government Agency Bonds0.7%
7Fixed Interest0.6%
Asset type
1UK Corporate Fixed Interest99%
2Money Market1%
Individual holdings
1TREASURY 3.25% GILT 22/01/44 GBP0.012%
2UK TREASURY STRIP UK 4.25% TREASURY STRIP 7/3/36 PRNCPAL1.5%
3PENNON GROUP PLC 6.75% PERP1.3%
4BUPA FINANCE PLC 5% NTS 25/04/23 GBP1000001.1%
5FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1.1%
6INNOGY FINANCE BV 6.25% 03/06/20301.1%
7BANK OF AMERICA CORP 6.13% 15/09/20211%
8CLYDESDALE BANK 4.625% REG CVD BDS 08/06/26 GBP1000001%
9NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001%
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 bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in the UK and Continental Europe.
Benchmark
  • iBoxx £ Non Gilts Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Alasdair Ross31/05/2015Alasdair Ross joined the company in 2003 and is currently Head of Investment Grade Portfolio Management, EMEA, with responsibility for our UK and European investment grade corporate credit teams in London. He is also lead portfolio manager for UK, Euro and Global credit portfolios which include the Threadneedle European Corporate Bond Fund, the Threadneedle Global Corporate Bond Fund and the Threadneedle Pensions Corporate Bond Fund.Alasdair’s 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 securitisation sector.Prior to joining the company, Alasdair worked at BP plc in a rotation of commercial roles.Alasdair has a first class honours degree in Politics, Philosophy and Economics from the University of Oxford. He also holds the Chartered Financial Analyst designation.
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, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Portugal, Singapore, Sweden
Threadneedle UK Corporate Bond Inst Gr Acc GBP
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price1.1518
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeTF97
Threadneedle UK Corporate Bond Inst Inc GBP
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price61.63
CurrencyGBX
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeTH37
Threadneedle UK Corporate Bond Inst X Acc GBP
Initial charge-
Annual charge-
Min single investment£3,000,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.1013
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMX2Y
Threadneedle UK Corporate Bond Inst X Gr Inc GBP
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 price1.0814
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKLWK
Threadneedle UK Corporate Bond L Acc GBP
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0081
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNCTC
Threadneedle UK Corporate Bond L Gr Inc GBP
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0039
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNCTD
Threadneedle UK Corporate Bond L Inc GBP
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0039
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNCTB
Threadneedle UK Corporate Bond Ret Acc GBP
Initial charge3.75%
Annual charge0.75%
Min single investment£2,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0066
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCTE
Threadneedle UK Corporate Bond Ret Gr Acc GBP
Initial charge3.75%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.1051
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMSYL
Threadneedle UK Corporate Bond Ret Gr Inc GBP
Initial charge3.75%
Annual charge0.75%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price0.6152
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTF98
Threadneedle UK Corporate Bond Ret Inc GBP
Initial charge3.75%
Annual charge0.75%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price61.49
CurrencyGBX
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTH11
Data provided by

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