Threadneedle UK Monthly Income Retail GBP Dis NAV

IMA Sector:

UK Equity Income

ISIN:

GB0001529568

Fund Type:

OEIC

69.61p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 28-Mar-2024
  • Change: 0.38p
  • Change %: 0.55%
  • Currency: GBP
  • YTD change: 0.33p
  • YTD %: 0.48%

Fund Objective

The Fund aims to achieve a high level of monthly income with prospects for capital growth.

View on Past Performance

The collapse of Lehman Brothers precipitated a new and dramatic phase in the credit crunch and the FTSE All- Share Index fell by 13.2% in September. Markets around the world experienced extraordinary levels of volatility and suffered sharp losses as the financial system came under severe pressure.Good performances from De La Rue and Tesco were offset by poor performances from New World Resources and Lloyds TSB. We continue to focus on stocks with relatively limited sensitivity to the economic cycle and which offer high and growing yields on reasonable valuations.However, for the third month running we bought cyclical stocks that offered excellent value. We also increased our position in solid, defensive holdings. We added to HSBC, which offers a 7% yield and is possibly the best capitalised bank in the world.

Future Expectations

Market sentiment deteriorated significantly following the demise of Lehman Brothers. However, shares offer good value and the prospect of falling interest rates and commodity prices, as well as government efforts to underpin the banking system, could bolster investor sentiment in the longer run.

Fund Details

Latest Price 69.61p IMA Sector UK Equity Income
Currency British Pound Launch Date 01/01/1964
Fund Size n/a Fund Manager Jonathan Barber
ISIN GB0001529568 Dividend 0.20p

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Info

Date 28-Mar-2024
NAV 69.61p
Currency GBP
Change 0.38p
% 0.55%
YTD change 0.33p
YTD % 0.48%

Fund Facts

Fund Inception 01/01/1964
Fund Manager Jonathan Barber
TER 1.61 (30-Mar-2012)

Fund Reports

Minimum Investment
Initial £2000
Additional n/a
Savings n/a
Charges
Initial 3.75%
Annual Mang't 1.50%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.12

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