Threadneedle American Select Z

An aggressive US Equity Fund with a growth bias.

  • 393.52p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 404.42p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.75%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 June 2021

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.

Fund summary

Sector North America
Structure OEIC
Launched October, 2012
Size £1,156m
Yield 0.00%
Charging basis
Dividends paid 7 May.

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.75%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.06%
  • 17/18 0.03%
  • 18/19 -0.17%
  • 19/20 0.00%
  • 20/21 -0.15%

Bestinvest MRI

  • 3 years -0.11%
  • 5 years -0.07%
  • Career -0.14%
  • 3 years 40.90%
  • 5 years 49.60%
  • Career 31.20%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Nadia Grant / Diane Sobin

Grant joined Threadneedle in February 2014, having previously worked at JP Morgan Asset Management where she was a portfolio manager focusing on US equities within the global multi-asset group. Sobin joined Threadneedle in 2011 from sister company Columbia Management. She is responsible for the analysis of companies in the energy sector and contributes to the team's macroeconomic and thematic research. She joined Columbia in 2001, having previously held portfolio manager roles at ZurichScudder, JP Morgan, Oppenheimer and Dean Witter Reynolds. She has a Bachelor of Business Administration - Finance degree from Pace University, New York and is a Chartered Financial Analyst and a member of the New York Society of Security Analysts.

Track record

Nadia Grant / Diane Sobin has 7.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.14%. During the worst period of relative performance (from March 2014 - March 2019) there was a decline of 12% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (January 2020 - March 2020)
Relative -12.00% (March 2014 - March 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 May 2020

8.5% Alphabet Inc. Class A
8.4% Microsoft Corp
7.4% Amazon.com Inc
6.3% Berkshire Hathaway Inc
4.9% Facebook Inc
4.1% Lam Research Corp
4% Visa Inc
3.9% Comcast Corp(New)
3.4% Adobe Inc
3.2% Booking Hldgs Inc
Source: Trustnet

Sector breakdown

Information Technology 34.00%
Communications 19.00%
Financials 12.00%
Consumer Discretionary 11.00%
Health Care 11.00%
Industrials 6.00%
Money Market 3.00%
Consumer Staples 3.00%
Energy 1.00%

Portfolio

Typically, the fund holds 50-60 stocks with around 40% in mid and small cap (defined as less than $5bn market cap).

Constraints

Active positions relative to the S&P 500: stock +/-3%, sector +/-10%. Number of holdings 62. The fund must hold at least 40% in companies from the team's core list.

Key Investor Information - Income

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Key Investor Information - Accumulation

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