Threadneedle American Z

  • 418.45p
    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.

  • 439.44p
    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).

  • 0.82%
    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.

  • 0.30%
    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 September 2021

The Fund seeks to achieve capital growth through investing primarily in the stocks of medium to large companies domiciled in North America or which have significant North American operations. The fund primarily targets large US blue chip companies (market cap above $1bn) with 60% of the portfolio derived from Threadneedle's US team's model list. Additional medium and small growth stocks supplement this core.

Fund summary

Sector North America
Structure OEIC
Launched
Size £2,867m
Yield 0.30%
Charging basis Income
Dividends paid 7 May

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.82%

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Investment process

The Threadneedle US equity team consists of 8 investment professions, each with their own sector responsibility. The fund aims to achieve long term capital growth through primarily investing in a portfolio of North American blue chip companies. Although the primary focus is on the largest companies in the US, with at least 60% deriving from the US team's core list, the fund is free to select good quality medium size companies. These supplemental stocks are significant. Company selection emphasises the following : - dominant franchise in growing or niche markets; - capable and proactive management with established track record; - under leveraged balance sheets with strong cash flow; - milestone events and news flow e.g. earnings, new products; - attractive valuation (P/E, cash flow). Since Cormac Weldon returned as head of US equities at Threadneedle in April 2004 the fund has adopted a more focused approach with the number of holdings reduced from 100-115 to about 80. The fund has

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 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.

Track record

Periods of worst performance

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Relative 0.00% ()

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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Sector breakdown

Information Technology 28.00%
Financials 15.00%
Consumer Discretionary 14.00%
Health Care 12.00%
Communications 10.00%
Industrials 10.00%
Consumer Staples 4.00%
Materials 3.00%
Utilities 2.00%
Cash & Cash Equivalents 1.00%

Portfolio

The portfolio will hold around 70-80 stocks and will typically be split 80% large cap companies / 20% smaller cap companies. Active positions relative to the S&P 500: stock +/- 2%, sector +/- 5%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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