Fact sheet: Threadneedle Cr Opps

Fund information

Fund name
Threadneedle Credit Opportunities Inst Hedged Acc GBP
Fund company manager
Threadneedle Inv Services Ltd
Fund type
OEIC
Fund manager(s)
Barrie Whitman
since 01/04/2009
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 18 to 24 month period, 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 bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and governments worldwide and in other debt securities including money market securities and, when appropriate, cash. The Fund invests directly in these assets 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). The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
No Specified Index
Investment style
Long/Short
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

2.64 %

1 Year rank in sector

36/73

Sector

UT Targeted Absolute Return

Yield

1.5

Fund size

£ 1.9 b

FE Risk score

13

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Money Market
    17.9%
  • Others
    14.8%
  • BBB
    14.3%
  • BBB-
    13.2%
  • BBB+
    10.5%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.36 %1.42 %2.64 %7.17 %13.28 %
Sector0.77 %2.3 %3.15 %8.53 %16.61 %
Rank within sector50 / 7844 / 7636 / 7336 / 5935 / 50
Quartile th3 rd3 rd2 nd3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund2.1 %4.67 %0.6 %1.55 %3.75 %
Sector3.08 %0.97 %2.2 %2.51 %6.51 %
Rank within sector47 / 7617 / 6946 / 6444 / 5537 / 50
Quartile th3 rd1 st3 rd4 th3 rd

Risk statistics

Alpha1.27
Beta0.4
Sharpe-0
Volatility2.35
Tracking error2.47
Information ratio-0.07
R-Squared0.09

Price movement

52 week high1.2699
52 week low1.2349
Current bid price0
Current offer price0
Current mid price1.2698

Holdings by region

-

Holdings by sector

  • 17.9% Money Market
  • 14.8% Others
  • 14.3% BBB
  • 13.2% BBB-
  • 10.5% BBB+
  • 6.6% B
  • 5.8% BB
  • 5.5% BB+
  • 4.8% A-
  • 3.4% BB-

Holdings by asset type

-

Individual holdings

  • 1.2% SELP FINANCE SARL 1.25% NTS 25/10/23 EUR1000
  • 1.1% DS SMITH PLC 1.375% BDS 26/07/24 EUR100000
  • 1.1% WESTERN POWER DISTRIBUTION EAST MID 3.625% NTS 06/11/23 GBP100000
  • 1% BAT CAPITAL CORP 3.222% NTS 15/08/24 USD2000 REG S
  • 1% HEIDELBERGCEMENT AG 8.5% BDS 31/10/19 EUR1000
  • 1% IRON MOUNTAIN EUROPE PLC 6.13% 15/09/2022
  • 0.9% AKELIUS RESIDENTIAL PROPERTY AB 1.5% BDS 23/01/22 EUR100000
  • 0.9% AT&T INC 3.6% BDS 17/02/23 USD2000
  • 0.8% KINDER MORGAN INC DELAWARE 3.15% NTS 15/01/23 USD1000
  • 0.8% PENNON GROUP PLC 2.88% PERP