Fact sheet: Threadneedle (L)AmerAbAlph

Fund information

Fund name
Threadneedle (Lux) American Absolute Alpha DU USD
Fund company manager
Threadneedle (Lux)
Fund type
SIB
Fund manager
Stephen Moore
since 15/06/2010
Fund objective
The aim of the Fund is to make a positive return for you over the longer term, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies. At least two-thirds of the Fund’s assets will be in long and short positions in companies in North America or companies that have significant activity there, and, when appropriate, cash. The Fund invests directly in shares or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices).
Benchmark
No Specified Index
Investment style
Absolute Return
Investment method
Shares

Quick stats

1 Year return

3.18 %

1 Year rank in sector

55/140

Sector

FO Absolute Return

Yield
-
Fund size

£ 198.7 m

FE Risk score

20

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • North America
    100%
  • Financials
    7.2%
  • Information Technology
    6.5%
  • Consumer Discretionary
    5.5%
  • Consumer Staples
    3.1%
  • Energy
    3.1%
  • North American Equities
    100%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.37 %1.14 %3.18 %0.23 %2.86 %
Sector0.19 %1.11 %2.57 %3.18 %9.62 %
Rank within sector128 / 15674 / 15355 / 14061 / 9947 / 65
Quartile th4 th2 nd2 nd3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund2.86 %-3.72 %1.97 %-2.22 %4.25 %
Sector2.23 %0.66 %0.69 %1.2 %3.58 %
Rank within sector62 / 148111 / 13035 / 11273 / 8729 / 70
Quartile th2 nd4 th2 nd4 th2 nd

Risk statistics

Alpha-0.49
Beta0.8
Sharpe-0
Volatility2.89
Tracking error2.54
Information ratio-0.29
R-Squared0.25

Price movement

52 week high13.4
52 week low12.87
Current bid price0
Current offer price0
Current mid price13.32

Holdings by region

  • 100% North America

Holdings by sector

  • 7.2% Financials
  • 6.5% Information Technology
  • 5.5% Consumer Discretionary
  • 3.1% Consumer Staples
  • 3.1% Energy
  • 1.7% Industrials
  • 1.4% Materials
  • 0.9% Health Care
  • -19.1% Exchange Traded Funds (ETF)

Holdings by asset type

  • 100% North American Equities

Individual holdings

  • 3.8% ALPHABET INC. CLASS A
  • 3.3% BERKSHIRE HATHAWAY INC
  • 2.9% COSTCO WHOLESALE CORP
  • 2.4% CIGNA CORP
  • 2.3% METLIFE INC
  • 2.1% CHARTER COMMUNICATIONS INC
  • 2.1% PNC FINANCIAL SERVICES GROUP
  • 2.1% VISA INC
  • 2% APPLE INC
  • 2% BANK OF AMERICA CORP