Threadneedle Global Select Z

Global portfolio of stocks whose manager is supported by Threadneedle's regional desks.

  • 284.28p
    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.

  • 363.19p
    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).

  • 0.85%
    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.

  • 0.20%
    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 29 July 2021

This international equity portfolio is primarily selected from the best ideas of Threadneedle’s regional teams. The London-based global equity team attempts to place these in an international context by analysing them on a sector basis. The fund keeps fairly close to index weightings, making it a relatively less risky option in its peer group.

Fund summary

Sector Global
Structure OEIC
Launched October, 2012
Size £871m
Yield 0.20%
Charging basis Income
Dividends paid 7 May

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 0.85%

Allocation

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Investment process

The fund aims to achieve above average capital growth through a portfolio of international equities. The bulk of the portfolio is chosen from a “core list” of around 300 stocks which represent the best ideas of Threadneedle's regional research desks. Threadneedle's global equity team aim to place these stocks in a global context through their own research. This is carried out on a sector basis and includes meeting company management and building their own models, with a focus on normalised accounting measures. Each member of the global team has regional responsibilities and will liaise with the regional team covering their geographic area. Around 85% of the portfolio is taken from the core list with the remainder selected on a discretionary basis by the fund manager, though he is limited to stocks that have been researched in house.

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 -1.08%
  • 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.

Neil Robson

Robson joined Threadneedle in 2011 as a fund manager in the Global Equities team, with specific responsibility for managing concentrated portfolios. Previously, he was Head of Global Equity at Pioneer Investments from 2003 to 2009. Before that he was senior Global Sector Strategist at Baring Asset Management from 2001. and prior to that ran money from 1986 at companies including Martin Currie, Barings and Citibank. He holds an Economics degree from Bristol University.

Track record

The track record of Neil Robson 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 -36.00% (February 2000 - June 2001)
Relative -26.00% (February 2000 - April 2001)

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

5.1% Alphabet Inc. Class A
4.9% Microsoft Corp
4.5% Amazon.com Inc
2.6% Visa Inc
2.6% Mastercard Inc
2.5% Facebook Inc
2.2% Centene Corp(Del)
2.1% Samsung Electronics Co
2.1% Comcast Corp(New)
1.9% Novo-Nordisk As
Source: Trustnet

Sector breakdown

Information Technology 23.00%
Communications 17.00%
Health Care 16.00%
Consumer Discretionary 11.00%
Financials 9.00%
Industrials 7.00%
Consumer Staples 5.00%
Materials 5.00%
Utilities 3.00%
Real Estate 2.00%

Portfolio

The portfolio comprises 90-140 stocks.

Constraints

Maximum stock weight is 3%. Regional positions are controlled but range between +/-15%, while Sector positions are also controlled but the range is a flexible +/- 10%. Maximum cash weighting of 7.5%. There is a tracking error target of 3-6%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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