Threadneedle American Smaller Companies C1

Aims for capital growth, primarily from smaller US based companies.

  • 431.80p
    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.

  • 432.03p
    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?

  • 3.75% 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!

  • 1.50%
    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).

  • 1.71%
    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 27 November 2020, fund data last updated 22 August 2003

The Fund aims to achieve capital growth. The Fund invests primarily in the equities of smaller companies that are domiciled in the US or have significant US operations. If desirable, the Manager may further invest up to one third of the total assets of the Fund in other securities (including fixed interest securities, other equities and money market securities). For liquidity purposes the Fund may invest in cash and near cash.

Fund summary

Sector North American Smaller Cos
Structure OEIC
Launched November, 1997
Size £337m
Yield 0.00%
Charging basis Income
Dividends paid May

Charges

Standard initial charge 3.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.71%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.09%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.16%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Diane Sobin

Sobin joined Threadneedle in 2011 from sister company Columbia Management. She manages the Threadneedle US Equity Income Fund, co-manages the Threadneedle American Smaller Companies Fund and also runs a number of institutional US equity mandates. In addition, 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

The track record of Diane Sobin in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -7.00% (July 2013 - September 2013)
Relative -6.00% (March 2013 - January 2014)

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

3.8% Portland General Electric Co
3.8% Virtu Financial, Inc. Class A
3.5% Houlihan Lokey Inc Ord Class A
3.2% Qts Realty Trust Inc Usd0.01 A
3.1% Life Storage Inc
3% Impinj Inc
2.8% Kbr Inc
2.7% Cohu Inc
2.5% Medpace Hldgs Inc
2.3% Vishay Intertechnology Inc
Source: Trustnet

Sector breakdown

Information Technology 20.00%
Health Care 16.00%
Industrials 14.00%
Financials 13.00%
Consumer Discretionary 10.00%
Real Estate 10.00%
Materials 7.00%
Utilities 4.00%
Consumer Staples 3.00%
Energy 2.00%

Constraints

Market cap must be in range US$500m to US$10bn at time of purchase

Key Investor Information - Income

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Key Investor Information - Accumulation

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