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Threadneedle UK Absolute Alpha Income Z

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Threadneedle Investment Services Ltd
Fund Summary The aim of the Fund is to make a positive return for you over a rolling 12 month period, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies. At least two thirds of the Funds assets will be in long and short positions in UK companies, or companies that have significant operations there and, when appropriate, cash. The Fund may also invest in asset classes and instruments different from those stated above. The Fund invests directly in shares or by using derivatives. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices).
SEDOL code BRTM3N9
ISIN GB00BRTM3N97
Fund code THAAI
Managers Mark Westwood, Chris Kinder
Manager Tenure 10 years
Morningstar Category Alt - Long/Short Equity - UK
IMA Sector Targeted Absolute Return
Fund Size £101 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.88%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £0.9556
Buy Price £0.9556
Price Change +0.1993%
Price Date 6th July 2020
Yield 0.42%
Dividend Frequency Yearly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 16th February 2015
Fund Status OPEN
Mark Westwood joined the company in 2006 as a portfolio manager in the UK equities team. He manages the Threadneedle UK Select Fund and co-manages the Threadneedle UK Absolute Alpha Fund. He also has research responsibility for the mining and other financials sectors. He started his fund management career in 1998 with Legg Mason before moving to Morley in 2005. Mark graduated with a BSc (Hons) in materials science from Manchester University. He also holds a PhD in materials science and is an associate member of the Institute of Investment Management and Research.

3-year Mean Monthly Return: -0.243%

Annual Returns 2019 2018 2017 2016 2015
Fund Performance -7.87% -0.82% -0.12% +4.88% -0.82%
Benchmark Performance
(Alt - Long/Short Equity - UK)
Time Period Cumulative Benchmark Performance
(Alt - Long/Short Equity - UK)
Fund Compared to Benchmark
1 day 0.20% Currently unavailable Currently unavailable
1 week 0.29% Currently unavailable Currently unavailable
1 month -1.34% Currently unavailable Currently unavailable
3 months 0.22% Currently unavailable Currently unavailable
6 months -8.59% Currently unavailable Currently unavailable
1 year -8.44% Currently unavailable Currently unavailable
3 years -3.01% Currently unavailable Currently unavailable
5 years -1.10% Currently unavailable Currently unavailable
10 years Currently unavailable Currently unavailable Currently unavailable
YTD -8.74% Currently unavailable Currently unavailable
Since inception -0.50% Currently unavailable Currently unavailable

Currently unavailable

Dividend Date Per share amount Reinvestment Price
1st May 2020 0.0089 £0.9690
1st May 2019 0.0032 £1.0333
3rd May 2016 0.0020 £1.0506
1st May 2015 0.0032 £1.0232