Threadneedle UK Institutional I

Invests mainly in large UK companies considered to have good growth prospects

  • 182.10p
    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).

  • 0.78%
    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.

  • 2.10%
    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 22 January 2021

Fund summary

Sector UK All Companies
Structure OEIC
Launched June, 1973
Size £969m
Yield 2.10%
Charging basis Income
Dividends paid Acc units only

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 0.78%

Allocation

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Investment process

The Fund aims to achieve long-term capital growth by investing in a wide spread of primarily UK companies which are considered to have good potential for capital growth. Investment will tend to focus on large companies with sound long term prospects.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 -0.14%
  • 18/19 -0.01%
  • 19/20 0.02%
  • 20/21 -0.09%

Bestinvest MRI

  • 3 years -0.02%
  • 5 years 0.00%
  • Career -0.07%
  • 3 years 59.10%
  • 5 years 0.00%
  • Career 49.20%

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

Chris Kinder / Jeremy Smith

Kinder joined Threadneedle in 2010 from RWC Partners. He has also worked at Govett Investments, gaining experience in smaller companies analysis, and spent four years as an accountant at PricewaterhouseCoopers. He is a Chartered Financial Analyst and holds a degree in Modern European Languages from Durham University.

Track record

Chris Kinder / Jeremy Smith has 4.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from June 2016 - July 2020) there was a decline of 9% relative to the index. The worst absolute loss has been 29%.

Periods of worst performance

Absolute -29.00% (December 2019 - March 2020)
Relative -9.00% (June 2016 - July 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

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Top 10 holdings

Data accurate as at 31 July 2020

6.6% Astrazeneca Plc
5.4% Glaxosmithkline
4% Reckitt Benckiser Group Plc
3.7% Unilever
3.1% British American Tobacco
3% Royal Dutch Shell Plc
2.8% Diageo
2.7% Bhp Group Ltd
2.6% Prudential Plc
2.1% Rentokil Initial Plc
Source: Trustnet

Sector breakdown

Consumer Goods 20.00%
Industrials 18.00%
Consumer Services 16.00%
Financials 15.00%
Health Care 14.00%
Basic Materials 5.00%
Oil & Gas 4.00%
Utilities 2.00%
Cash & Cash Equivalents 2.00%
Technology 2.00%

Key Investor Information

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