Threadneedle UK Overseas Earnings C2

Invests in UK companies deriving most of their earnings from overseass

  • 105.63p
    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!

  • 1.50%
    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).

  • 1.56%
    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.

  • 1.40%

    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 27 November 2020

Fund summary

Sector UK All Companies
Structure OEIC
Launched May, 1976
Size £61m
Yield 1.40%
Charging basis Income
Dividends paid 7 May, 7 Nov


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.56%


Proportion (%)

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Investment process

The Fund aims to achieve capital growth by investing primarily in the shares of UK companies deriving more than half their earnings from overseas activities and/or exports.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.02%
  • 17/18 -0.07%
  • 18/19 -0.25%
  • 19/20 -0.95%

Bestinvest MRI

  • 3 years -0.42%
  • 5 years 0.00%
  • Career -0.09%
  • 3 years 10.20%
  • 5 years 0.00%
  • Career 49.60%

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

Jeremy Smith

Smith joined Columbia Threadneedle from Liberum in 2015. Smith is a qualified accountant who began his career in the Schroders UK equity research team before becoming a UK fund manager. He became a member of the core UK Equity team and the portfolio construction team. He has a consistent track record managing UK equity funds with a large cap focus, and is supported by Schroders’ extensive research resources.

Track record

Jeremy Smith has 14.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from March 2004 - October 2020) there was a decline of 24% relative to the index. The worst absolute loss has been 36%.

Periods of worst performance

Absolute -36.00% (April 2001 - February 2003)
Relative -24.00% (March 2004 - October 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.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

9.1% Astrazeneca Plc
6.4% Glaxosmithkline
4.8% Reckitt Benckiser Group Plc
4.8% Unilever
3.8% Morrison(Wm.)Supermarkets
3.7% Electrocomponents Plc
3% Prudential Plc
2.9% Relx Plc
2.9% Rentokil Initial Plc
2.7% Tesco
Source: Trustnet

Sector breakdown

Consumer Services 24.00%
Industrials 18.00%
Consumer Goods 16.00%
Financials 16.00%
Health Care 15.00%
Basic Materials 4.00%
Oil & Gas 3.00%
Telecommunications 2.00%
Utilities 1.00%
Money Market 1.00%

Key Investor Information