THREADNEEDLE UK MONTHLY INCOME Z

Primarily a UK equity fund, this targets above average income as well as growth.

  • 124.42p Price (Inc)
  • - Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 0.87% Ongoing charges
  • 4.80% Yield

Fund data last updated 15 November 2019

Fund summary

Sector UK Equity Income
Structure OEIC
Launched October, 2012
Size £435m
Yield 4.80%
Charging basis Capital
Dividends paid 4th day of each month

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.87%

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Investment process

The fund will seek to achieve an above average income combined with sound prospects for capital growth. The fund will invest primarily in UK equities. It may, however, invest in other securities, such as convertibles and gilts.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.60% -0.37% -0.50% -0.25% -0.16% -0.30% -0.14% 0.00% 4.20% 33.40% 90.50%

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

Jonathan Barber

Barber manages UK equity portfolio and is also head of the Global Utilities sector research team. He began his career in 1990 with Scottish Equitable as an investment analyst. He joined Eagle Star Investment Managers as a portfolio manager in 1992, and joined the Threadneedle UK equity team in 1994. Barber graduated in 1989 with a BSc (Hons) in Business Administration from Bath University and is an associate member of the UK Society of Investment Professionals (UKSIP).

Track record

Jonathan Barber has 17.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +00%. During the worst period of relative performance (from December 2015 - May 2019) there was a decline of 17% relative to the index. The worst absolute loss has been 36%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is

Periods of worst performance

Absolute -36.00% (October 2007 - March 2009)
Relative -17.00% (December 2015 - May 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.

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Top 10 holdings

Data accurate as at 31 August 2019

7.5% Royal Dutch Shell
6.9% Glaxosmithkline
5% Astrazeneca Plc
4.3% Unilever
3.7% Relx Plc
3.4% Legal & General Group
3.2% Phoenix Group Hldgs
3.2% Imperial Brands Plc
2.7% Bae Systems
2.7% Bhp Group Ltd
Source: Trustnet

Sector breakdown

Financials 26.00%
Consumer Services 13.00%
Consumer Goods 12.00%
Industrials 12.00%
Health Care 12.00%
Oil & Gas 10.00%
Utilities 5.00%
Basic Materials 4.00%
Cash & Cash Equivalents 3.00%
Telecommunications 1.00%

Key Investor Documents

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