Threadneedle Global Equity Income Z

Aims for a high and growing income, along with capital growth.

  • 167.55p
    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.

  • 219.28p
    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).

  • 0.95%
    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.

  • 2.80%
    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 18 June 2021

The fund aims to achieve a high and growing income over the long term combined with prospects for capital growth. Manager Stephen Thornber favours "Quality Income" stocks - companies with high and growing dividends, growing yields and strong balance sheets.

Fund summary

Sector Global Equity Income
Structure OEIC
Launched October, 2012
Size £240m
Yield 2.80%
Charging basis Capital
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

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 0.95%

Allocation

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Investment process

The fund aims to achieve a high and growing income over the long term combined with prospects for capital growth. The fund will invest no less than two-thirds of its gross assets in global equities. Income will be in the form of dividend distribution. If desirable, the fund may invest up to one third of its total assets in derivatives, forward transactions and other securities (including fixed interest securities and money market securities) deposits and cash.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 -0.43%
  • 18/19 -0.21%
  • 19/20 -0.57%
  • 20/21 -0.29%

Bestinvest MRI

  • 3 years -0.36%
  • 5 years 0.00%
  • Career -0.37%
  • 3 years 9.00%
  • 5 years 0.00%
  • Career 3.60%

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

Jonathan Crown

Track record

Jonathan Crown has 4.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.37%. During the worst period of relative performance (from January 2017 - October 2020) there was a decline of 22% relative to the index. The worst absolute loss has been 21%.

Periods of worst performance

Absolute -21.00% (July 2019 - March 2020)
Relative -22.00% (January 2017 - October 2020)

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

3.2% Samsung Electronics Co
2.9% Deutsche Telekom Ag
2.9% Pfizer Inc
2.6% Johnson & Johnson
2.5% British American Tobacco
2.3% Reckitt Benckiser Group Plc
2.3% Glaxosmithkline
2.2% Bristol-Myers Squibb Co
2.2% Pepsico Inc
2.2% Novartis Ag
Source: Trustnet

Sector breakdown

Health Care 16.00%
Financials 14.00%
Information Technology 13.00%
Consumer Staples 12.00%
Industrials 10.00%
Materials 9.00%
Communications 8.00%
Consumer Discretionary 5.00%
Energy 5.00%
Utilities 4.00%

Portfolio

The fund holds 75-95 stocks.

Constraints

Stock weightings must be within +/-4% of benchmark. Sector weightings +/-10%. Regional weightings +/-25%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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