Threadneedle UK Growth and Income Z

UK equity fund with an attractive yield.

  • 142.95p
    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?

  • 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).

  • 0.88%
    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.

  • 2.70%
    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 15 January 2021

The aim of the fund is to grow the amount invested and provide income. It invests at least two-thirds of its assets in shares of large, well known companies with good growth records, in the UK. It is also able to invest in small and medium sized companies.

Fund summary

Sector UK All Companies
Structure OEIC
Launched October, 2012
Size £270m
Yield 2.70%
Charging basis Capital
Dividends paid 7 May, 7 Nov

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 0.88%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.08%
  • 17/18 -0.36%
  • 18/19 0.22%
  • 19/20 0.27%
  • 20/21 -0.15%

Bestinvest MRI

  • 3 years 0.11%
  • 5 years -0.02%
  • Career 0.11%
  • 3 years 80.00%
  • 5 years 61.80%
  • Career 99.00%

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 15.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. 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 May 2020

9.8% Astrazeneca Plc
5.8% Glaxosmithkline
5.8% Rentokil Initial Plc
5.2% Electrocomponents Plc
4.5% Spirent Communications
4.1% Unilever
3.7% Morrison(Wm.)Supermarkets
3.1% Relx Plc
3% 3i Group Plc
2.8% Ferguson Plc
Source: Trustnet

Sector breakdown

Industrials 26.00%
Consumer Services 23.00%
Health Care 16.00%
Financials 10.00%
Consumer Goods 9.00%
Technology 4.00%
Cash & Cash Equivalents 4.00%
Utilities 3.00%
Oil & Gas 2.00%
Basic Materials 2.00%

Key Investor Information

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