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Contact details

ManagerGroupLogo
Threadneedle Investment Services Limited, 60 St Mary Axe, London, EC3A 8JQ
0800 328 4540 (Fax Number)
0800 9530134 (Main Number)

questions@service.threadneedle.co.uk

Fund managers

* Matthew Cobon01-Jun-2012 to Present
 
view    
Quentin Fitzsimmons»24-Oct-2005 to 31-May-2012
Peter Allwright»24-Oct-2005 to 30-Jun-2010
Stuart Frost»01-Sep-2009 to 30-Jun-2010


Investment objectives

The aim of the Fund is to make a positive return for you, notwithstanding changing market conditions. The Fund invests at least two-thirds of its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and governments, worldwide currencies, and, when appropriate, cash. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. The Fund may also make use of short selling (which is designed to make a profit from falling prices) and leverage (which increases the effect that a change in the price of an investment has on the Fund’s value). At times, the Fund will be concentrated in one or a combination of these assets.

Key Information

Fund vs sector

  1y 3y
Position 48 / 59 41 / 47
Quartile 4 4

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
n/aS&P Rating
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 2.38 3.52
Alpha -1.49 1.43
Beta -0.03 -0.17
Sharpe 0.00 0.00
Info Ratio -1.29 -0.38
R2 0.00 0.01
Quartiles:   1  2  3  4   help with ratios
vs. Targeted Absolute Return»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -0.6+2.0-0.5+0.0+2.5-2.2-0.2
  TARGETED ABSOLUTE RETURN   +3.1+10.8+17.8+6.1+1.3+3.4+2.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf THREADNEEDLE ABSOLUTE RETURN BOND I ACC ACC 66.13 (p) 20-Aug-2014 1.70 0.71% TI38 B0L4TD6
pdf THREADNEEDLE ABSOLUTE RETURN BOND I GR ACC ACC 68.44 (p) 20-Aug-2014 1.70 0.71% TI39 B0L4TC5
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf THREADNEEDLE ABSOLUTE RETURN BOND R ACC ACC 62.92 (p) 20-Aug-2014 1.00 1.38% TI36 B0L4TF8
pdf THREADNEEDLE ABSOLUTE RETURN BOND R GR ACC ACC 64.46 (p) 20-Aug-2014 1.00 1.38% TI37 B0L4TB4

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£243.2m / $404.9m (31-Jul-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch24-Oct-2005
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:00 to 17:00
Minimum initial£ 2,000
Minimum additional£ 1,000
Initial charge3.75%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryJP Morgan Trustee and Depositary Company Ltd
RegistrarThreadneedle Investments
Multi-Managern/a
Indexn/a
Dividend policyMay 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Fixed Interest Mixed Targeted Absolute Return
Largest holdings, 31-Jul-2014
Holding (%) Rank Prev Fund factsheet Equity factsheet
DANSKE BANK A/S 4% BDS 09/12/2015 GBP1000 4.00 1 (1) - -
BARCLAYS BANK PLC 2.531 01/09/2016 3.60 2 (2) - -
ABBEY NATIONAL TREASURY SERVICES PLC/LONDON 2.128 16/02/2015 3.40 3 (3) - -
EKSPORTFINANS ASA 3% NTS 17/11/14 USD1000 3.20 4 (4) - -
ASB FINANCE LTD/LONDON 1.359 23/10/2015 3.10 5 (5) - -
UNITED KINGDOM GILT INFLATION LINKED 2.5 26/07/2016 3.00 6 (6) - *
VODAFONE GROUP 4.625% NTS 08/09/14 GBP50000 2.60 7 (7) - -
YORKSHIRE BUILDING SOCIETY 2.302 23/03/2016 2.60 8 (8) - -
IMPERIAL TOBACCO FINANCE 5.5% GTD NTS 22/11/16 GBP50000 2.40 9 (9) - -
RABOBANK NEDERLAND 4% MTN 10/09/15 GBP1000 2.30 10 (10) - -
Total30.20 
Sector weightings, 31-Jul-2014
Sector(%)RankPrev 
Financials35.001(1) 35.00% Financials
Securitised Collateralised11.502(2) 11.50% Securitised Collateralised
Sovereign & Sub-Sovereign10.903(3) 10.90% Sovereign & Sub-Sovereign
Consumer Staples3.604(4) 3.60% Consumer Staples
Telecommunication Services2.905(5) 2.90% Telecommunication Services
Consumer Discretionary1.606(6) 1.60% Consumer Discretionary
Industrials1.607(7) 1.60% Industrials
Utilities (Non Collateralised)1.008(8) 1.00% Utilities (Non Collateralised)
Total68.10 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Alias Name eccles May 01st, 2009 at 01:29 PM

threadneadle abs return looks good,but unit price is low why? where have profits gone,i would like to invest but am surprised at the low price for a successful stock,could you enlighten me please?.best regards ron g.email rondorgallo@blueyonder.co.uk

Reply
Jimbo Nov 24th, 2010 at 09:04 PM

Don't bother, eccles, unit value has been flat or dropping for months now and there's no yield to compensate. Too much exposure to financials probably?

Reply
 

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