Threadneedle Managed Equity Income A

Internal fund of funds investing in the UK

  • 72.98p
    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).

  • 1.82%
    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.

  • 4.00%
    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 23 November 2020

Fund summary

Sector UK Equity and Bond Income
Structure UNIT TRUST
Launched August, 1997
Size £75m
Yield 4.00%
Charging basis Capital
Dividends paid 21st day of each month

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 1.82%

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Investment process

The aim of the Fund is to provide a growing income with capital growth from investment in a portfolio of funds managed by Threadneedle Investments. The portfolio will normally include the more income oriented funds from the Threadneedle range.

Manager research

Average monthly relative returns

  • 15/16 0.05%
  • 16/17 0.00%
  • 17/18 -0.06%
  • 18/19 0.21%
  • 19/20 -0.27%

Bestinvest MRI

  • 3 years -0.04%
  • 5 years -0.01%
  • Career 0.11%
  • 3 years 55.20%
  • 5 years 62.90%
  • Career 98.80%

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

Richard Colwell

Colwell joined Threadneedle in January 2010, having previously been at Aviva from January 2007. Previously, he worked as a fund manager at Credit Suisse Asset Management from 2002 and was responsible for a range of institutional pension funds, the Sun Life of Canada closed funds, as well as retail portfolios. He started his investment career at Schroders as a pharmaceuticals analyst, then becoming a portfolio manager for five years. He joined the industry from the Bank of England. He holds a BA (Hons) in Banking & Finance and is an associate member of both the IIMR and CIB.

Track record

Richard Colwell has 15.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from February 2016 - December 2017) there was a decline of 8% relative to the index. The worst absolute loss has been 39%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -39.00% (October 2007 - February 2009)
Relative -8.00% (February 2016 - December 2017)

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

19.9% Threadneedle Monthly Extra Income Fund
16.8% Threadneedle Uk Equity Alpha Income Fund
13.7% Threadneedle Uk Equity Income Fund
12.9% Threadneedle Sterling Corporate Bond Fund
10.4% Threadneedle (Lux) Sicav - Pan European Equity Dividend -4gp- Distribution
10.2% Threadneedle Global Equity Income Fund
9.8% Threadneedle Uk Monthly Income Fund
5.4% Threadneedle High Yield Bond Fund
Source: Trustnet

Key Investor Information

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