Threadneedle UK Mid 250 Z

Aims to outperform FTSE 250 (ex IT) Index by 2-3%

  • 256.26p
    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).

  • 0.90%
    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.

  • 0.30%
    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 30 July 2021

Managed by Threadneedle's Small Cap team who believe that Mid Cap companies are well positioned to benefit from UK economic recovery. The investment process combines top down sector analysis with detailed analysis at the individual company level.

Fund summary

Sector UK All Companies
Structure OEIC
Launched October, 2012
Size £72m
Yield 0.30%
Charging basis
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 0.90%

Allocation

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Investment process

The fund is managed using a blend of top down and bottom up analysis with the objective of achieving 2-3% outperformance of the FTSE 250 (ex IT) index. The fund is the responsibility of Threadneedle's Small cap team who between them visit some 250 companies a year. There will also be input from other members of the UK equities in order to ensure full coverage of the universe.

Manager research

Average monthly relative returns

  • 16/17 0.48%
  • 17/18 -0.32%
  • 18/19 0.08%
  • 19/20 0.09%
  • 20/21 0.29%

Bestinvest MRI

  • 3 years 0.15%
  • 5 years 0.12%
  • Career 0.08%
  • 3 years 77.60%
  • 5 years 83.90%
  • Career 81.60%

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

James Thorne / Matt Evans

Thorne joined Baring Asset Management in 2004 from 3i Group Plc., where he spent four years as a Fund Manager within the UK Small Cap Team. Previously he was a member of Hill Samuel Asset Management’s Small Cap Team. He graduated from University of Southampton with a BSc (Hons) in Oceanography with Geology. He also has a Masters in Instrumentation and Analytics from the University of Manchester. Thorne was awarded the Investment Management Certificate in 1999 and the Institute of Investment Management & Research (IIMR) qualification in 2001. Evans is co-manager of the Threadneedle UK Smaller Companies Fund, the Threadneedle UK Mid 250 Fund and a range of small cap institutional portfolios¹. He is also responsible for stock analysis and idea generation with research responsibility for construction and house builders. Before joining Threadneedle Evans was a Fund Manager at Legal & General Investment Management specialising in UK Small Caps. He gained a degree in Geography and Sports Science from Loughborough University.

Track record

James Thorne / Matt Evans has 7.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.08%. During the worst period of relative performance (from February 2016 - March 2019) there was a decline of 11% relative to the index. The worst absolute loss has been 31%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 82%.

Periods of worst performance

Absolute -31.00% (December 2019 - March 2020)
Relative -11.00% (February 2016 - March 2019)

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

3.3% Homeserve
3% B & M European Value Retail Sa
2.9% Games Workshop Group
2.9% Convatec Group Plc
2.8% Future Plc
2.7% Britvic Plc
2.6% Blue Prism Group Plc
2.6% Grainger Plc Ord 5p
2.6% Cranswick
2.5% Serco Group Plc
Source: Trustnet

Sector breakdown

Consumer Services 23.00%
Industrials 21.00%
Financials 18.00%
Consumer Goods 14.00%
Technology 11.00%
Health Care 7.00%
Money Market 4.00%
Basic Materials 2.00%

Key Investor Information

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