Threadneedle Dollar Bond C1

Invests in dollar denominated fixed interest securities.

  • 66.99p
    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.

  • -
    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!

  • 1.00%
    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).

  • 1.21%
    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.

  • 1.80%
    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 28 October 2020

Fund summary

Sector Global Bonds
Structure OEIC
Launched April, 1998
Size £75m
Yield 1.80%
Charging basis
Dividends paid 7 May, 7 Nov

Charges

Standard initial charge 3.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.21%

Allocation

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Investment process

The aim of the Fund is to achieve a total return, primarily by way of income, with some capital growth. The Fund will invest primarily in fixed interest securities issued by the US government, agencies, corporations, sovereigns and supranational borrowers, denominated in Dollars.

Manager research

Average monthly relative returns

  • 15/16 -0.36%
  • 16/17 0.29%
  • 17/18 0.03%
  • 18/19 0.08%
  • 19/20 0.17%

Bestinvest MRI

  • 3 years 0.10%
  • 5 years 0.04%
  • Career -0.02%
  • 3 years 77.90%
  • 5 years 71.60%
  • Career 57.90%

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

Tammie Chan

Chan joined Threadneedle in 2012 as a fund manager principally focusing on Investment Grade insurance funds. She had nine years of previous industry experience gained in insurance and investment banking, and is an associate actuary. She joins from Pembroke Managing Agency where she was involved in Solvency II projects.

Track record

Tammie Chan has 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.02%. During the worst period of relative performance (from June 2015 - March 2018) there was a decline of 9% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (October 2016 - March 2018)
Relative -9.00% (June 2015 - March 2018)

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

6% United States Of Amer Treas Bills 1.875% Tb 30/04/22 Usd100
4.7% Ustn 2.75% 15/08/20 2.75% 15/08/204747
4.1% United States Of Amer Treas Bonds 4.5% Bds 15/02/36 Usd1000
3.9% Gov Of United States 2.00% 31/05/2024
3.1% Gov Of United States 4.25% 15/05/2039
2% United States Of Amer Treas Notes 2% Nts 15/02/50 Usd100
1.9% United States Of Amer Treas Notes 2.375% Tb 15/08/24 Usd1000
1.6% United States Of Amer Treas Notes 2% Tb 15/11/21 Usd1000
1.4% Gov Of United States 1.63% 15/05/2026
1.2% Nisource Finance Corp 3.49% Bds 15/05/27 Usd2000
Source: Trustnet

Sector breakdown

AAA 34.00%
Others 19.00%
BBB+ 12.00%
BBB 11.00%
BBB- 9.00%
A 7.00%
A+ 6.00%
Money Market 6.00%
A- 5.00%
Others 4.00%

Key Investor Information

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