Threadneedle Monthly Extra Income C1

Two-thirds invested in equities with balance in bonds. Consider pure vehicles instead!

  • 77.36p
    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!

  • 1.25%
    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).

  • 1.39%
    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.

  • 3.40%
    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 24 November 2020

Fund summary

Sector UK Equity and Bond Income
Structure OEIC
Launched October, 1999
Size £224m
Yield 3.40%
Charging basis Capital
Dividends paid 4th 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 1.25%
Ongoing charges figure 1.39%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The Fund aims to achieve a high level of monthly income with prospects for capital growth. The portfolio will invest primarily in sterling denominated fixed interest securities and UK equities.

Manager research

Average monthly relative returns

  • 15/16 0.06%
  • 16/17 0.31%
  • 17/18 -0.07%
  • 18/19 0.08%
  • 19/20 -0.41%

Bestinvest MRI

  • 3 years -0.13%
  • 5 years -0.01%
  • Career 0.15%
  • 3 years 42.10%
  • 5 years 58.70%
  • Career 93.90%

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

Richard Colwell / Alasdair Ross

Colwell joined Morley in 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. After graduating from New College, Oxford with a degree in Philosophy, Politics and Economics Ross worked for BP plc in a variety of roles. He joined Threadneedle Investment Grade Bond desk in September 2003 as a trainee investment analyst.

Track record

Richard Colwell / Alasdair Ross has 10.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from December 2019 - March 2020) there was a decline of 12% relative to the index. The worst absolute loss has been 21%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 94%.

Periods of worst performance

Absolute -21.00% (December 2019 - March 2020)
Relative -12.00% (December 2019 - March 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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 May 2020

8.3% Astrazeneca Plc
5.2% Glaxosmithkline
3.9% Spirent Communications
3.8% Rentokil Initial Plc
3.5% Electrocomponents Plc
3.5% Phoenix Group Hldgs
3.3% Imperial Brands Plc
2.9% Unilever
2.6% Morrison(Wm.)Supermarkets
2.3% 3i Group Plc
Source: Trustnet

Sector breakdown

Fixed Interest 22.00%
Industrials 15.00%
Health Care 14.00%
Financials 13.00%
Consumer Staples 12.00%
Information Technology 7.00%
Communications 4.00%
Consumer Discretionary 4.00%
Utilities 3.00%
Materials 2.00%

Portfolio

Two thirds equities, one third bonds.

Key Investor Information

Download