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THREADNEEDLE AMERICAN SELECT C2 - Fund overview

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Overview of THREADNEEDLE AMERICAN SELECT C2

The Fund aims to achieve above average capital growth through investing in companies domiciled in North America or which have significant North American operations. These include smaller and growing companies, those with potential for merger or takeover and those with new management recovery situations.

Standard Initial Charge

0.00% 0.00%

Fund summary

Sector  North America
Product type  OEIC
Launched  March, 1982
Size  £1,741m
Yield 0.2%
Charging basis  –
Dividends paid  –
Bid price 131.76p

Fund Charges

Standard Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Total expense ratio 1.04%
Reduction in yield (10yr) 1.04%

Bestinvest says


This is a more aggressive version of the core Threadneedle American Fund. It is a higher conviction, focused fund. The fund is usually characterised by a higher beta, stock turnover and tracking error relative to the S&P. Threadneedle operate the largest US equity team based in the City of London. Investment philosophy focuses on the key forces of change in economies and markets and the companies that will benefit. After a period of absence Cormac Weldon returned to manage the fund in April 2004.

Portfolio

threadneedle american select c2 asset allocation illustration
Allocation Proportion
Equity 96%
High yield bonds
Quality bonds 0%
Property 0%
Commodities
Hedge
Fund cash 4%
threadneedle american select c2 equity geographic illustration
Allocation Proportion
UK 0%
Europe 0%
Nth America 100%
Japan 0%
Pacific 0%
Other Equity 0%
threadneedle american select c2 equity capitalisation illustration
Allocation Proportion
Large Caps 72%
Mid Caps 23%
Small Caps 5%

Investment process


Target companies may include smaller and emerging growth companies, those with potential for merger or takeover, those with new management recovery situations and exploration companies. The "Select" investment approach adopts a more aggressive relative structure this means it has the ability to take bigger stock and sector positions which may lead to increased levels of relative volatility, in addition the fund may carry a larger weighting to sub $10bn companies relative to the Threadneedle American fund. Since Cormac Weldon returned to the fund the number of positions has been cut from 80-85 to about 60 and the maximum size of active bets has increased.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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