Threadneedle Global Equity R

Internal fund of funds aiming for capital growth

  • 221.40p
    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!

  • 0.25%
    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).

  • 1.74%
    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 18 September 2020

Fund summary

Sector Flexible Investment
Structure UNIT TRUST
Launched August, 1997
Size £412m
Yield 0.30%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 3.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.25%
Ongoing charges figure 1.74%

Allocation

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Investment process

The aim of the Fund is to provide above average capital growth from investment in a portfolio of funds managed by Threadneedle Investments. The portfolio will normally include more specialist funds from the Threadneedle range.

Manager research

Average monthly relative returns

  • 15/16 -0.27%
  • 16/17 -0.16%
  • 17/18 -0.25%
  • 18/19 -0.04%
  • 19/20 0.86%

Bestinvest MRI

  • 3 years 0.19%
  • 5 years 0.03%
  • Career -0.05%
  • 3 years 90.20%
  • 5 years 80.20%
  • Career 73.60%

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

Mark Burgess / Alex Lyle

Burgess joins Threadneedle in 2011 from Legal & General Investment Management where he was Managing Director, Head of Equities. In that role he was responsible for the business and investment performance of the active equities business, which consisted of 22 fund managers, with £10bn assets under management. He was previously at Deutsche Asset Management for 12 years, where he progressed through Morgan Grenfell Asset Management to be Deutsche’s Managing Director, Head of UK Equity & Balanced Products. Lyle, Head of Managed Funds and Joint Head of EAFE Equity, joined Hambros Bank in 1980 as an analyst. Hambros Bank was then acquired by Allied Dunbar in 1981 and became a part of Threadneedle in 1994. Lyle graduated from Oxford University in 1980.

Track record

Mark Burgess / Alex Lyle has 9.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from January 2011 - October 2018) there was a decline of 17% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (April 2011 - September 2011)
Relative -17.00% (January 2011 - October 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 July 2020

18.3% Threadneedle American Select Rna Usd
15.8% Threadneedle American Fund
14.2% Threadneedle Uk Ina Gbp
5.2% Threadneedle Uk Select Fund
4.6% Threadneedle Asia Fund
4.1% Threadneedle Japan Fund
3.4% Threadneedle Global Extended Alpha Fund
3.3% Threadneedle (Lux) Sicav - Asia Contrarian Equity -Xu-Capitalisation
3.2% T6gfeq Thrd Gl Focus Fnd X Acc Gbp
2.4% Threadneedle Uk Corporate Bond Fund
Source: Trustnet

Key Investor Information

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