Top 10 Holdings
|
Stock
|
% Weight
|
| BUONI POLIENNALI DEL TES 5.50 01/11/2022 |
6.00 |
| SWEDISH GOVERNMENT 3.50 01/06/2022 |
4.33 |
| AUSTRALIAN GOVERNMENT 4.75 15/06/2016 |
4.05 |
| JAPAN-76 (20 YEAR ISSUE) 1.90 20/03/2025 |
2.65 |
| IRISH TSY 5.5% 2017 5.50 18/10/2017 |
2.55 |
| 1¾% Treasury Gilt 2022 |
2.35 |
| US TREASURY N/B 2.75 15/11/2042 |
2.18 |
| JAPAN-94 (20 YEAR ISSUE) 2.10 20/03/2027 |
1.97 |
| UNITED MEXICAN STATES 2.75 22/04/2023 |
1.90 |
| CANADA HOUSING TRUST 2.40 15/12/2022 |
1.86 |
| Total |
29.83 |
Fund Aims
The investment strategy of the fund is to purchase units in the Threadneedle Global Bond Fund. That fund aims to achieve a total return comprising primarily of income with some capital growth, by investing in a managed portfolio of fixed income securities quoted on markets worldwide.
Fund Manager
Dave Chappell
Dave Chappell started his career in 1987 at Royal Bank of Scotland as an operations supervisor before moving to Irving Trust co as an operations manager. In 1989, he joined Scudder Investments1 and in 1997 became an Insurance fund manager and a US market expert in Threadneedle’s Government Fixed Income Team. Dave also manages a number of Global Government Funds. Dave obtained his Investment Management Certificate in 1996. Scudder Investments became part of Threadneedle in 1997.
Martin Harvey
manager for
2 years
and 10 months
Martin Harvey joined Threadneedle in July 2006 as a trainee fund manager in government bonds. He has been supporting Threadneedle’s absolute return capability since 2007, with specific responsibility for maintaining the short-dated bond portfolio, idea generation and monitoring the overlay strategies. In September 2009, Martin became the lead fund manager of the T Lux European Bond and European Shortterm Bond funds. He also plays an active role in the formulation of the investment department’s economic forecasts and supports the team in the management of a range of long-only and absolute return products. Before joining Threadneedle, Martin worked for HSBC as a research assistant to the Chief Economist. He graduated in 2006 from the University of Bath with a First Class BSc (Hons) in Economics and is a CFA Charterholder.
Fund Overview
| Bid (22/05/2013) |
100.70 |
| Offer |
n/a |
| Fund size |
£0.28m |
| Underlying Fund size |
£247.68m |
| Number of holdings |
86 |
| Annual management charge |
2.05% |
| Launch date |
25/01/2010 |
Equity Sector Allocation
|
FTSE/ICB Supersector
|
% Weight
|
| Bonds |
51.87 |
| Government |
25.07 |
| Investment Grade Corp Bonds |
17.71 |
| Cash and Equivalents |
4.67 |
| High Yield Corporate Bond |
0.68 |
Portfolio data accurate as at: 30/04/13
Asset Allocation
| |
International Bonds |
87.91% |
| |
Cash and Equivalents |
4.67% |
| |
UK Gilts |
3.90% |
| |
UK Corporate Bonds |
3.52% |
Bond Sector Breakdown
Expand allCollapse all
|
|
Industry
|
Supersector
|
Sector
|
Subsector
|
|
|
Financials
|
9.70%
|
-
|
-
|
-
|
|
|
Banks
|
-
|
7.79%
|
-
|
-
|
|
|
Banks
|
-
|
-
|
7.79%
|
-
|
|
|
Banks
|
-
|
-
|
-
|
7.79%
|
|
|
Financial Services
|
-
|
1.91%
|
-
|
-
|
|
|
Financial Services
|
-
|
-
|
1.91%
|
-
|
|
|
Specialty Finance
|
-
|
-
|
-
|
0.97%
|
|
|
Mortgage Finance
|
-
|
-
|
-
|
0.94%
|
|
|
Oil & Gas
|
0.25%
|
-
|
-
|
-
|
|
|
Oil & Gas
|
-
|
0.25%
|
-
|
-
|
|
|
Oil & Gas Producers
|
-
|
-
|
0.25%
|
-
|
|
|
Integrated Oil & Gas
|
-
|
-
|
-
|
0.25%
|
|
|
Government
|
25.07%
|
-
|
-
|
-
|
|
|
Government
|
-
|
25.07%
|
-
|
-
|
|
|
Government
|
-
|
-
|
25.07%
|
-
|
|
|
Government
|
-
|
-
|
-
|
25.07%
|
|
|
Corporate Bonds
|
8.44%
|
-
|
-
|
-
|
|
|
Corporate Bonds
|
-
|
8.44%
|
-
|
-
|
|
|
Corporate Bonds
|
-
|
-
|
8.44%
|
-
|
|
|
Corporate Bonds
|
-
|
-
|
-
|
8.44%
|
|
|
Non-Classified
|
51.87%
|
-
|
-
|
-
|
|
|
Cash and Equivalents
|
4.67%
|
-
|
-
|
-
|
Regional and Currency Allocation
| |
Developed Europe - Excl UK |
33.26% |
| |
North America |
21.66% |
| |
Japan |
9.23% |
| |
UK |
7.43% |
| |
South & Central America |
5.83% |
| |
Australia & New Zealand |
5.41% |
| |
Other |
17.18% |
| |
US Dollar |
45.06% |
| |
Euro |
15.59% |
| |
Australian Dollar |
9.40% |
| |
Canadian Dollar |
8.57% |
| |
Yen |
8.48% |
| |
Cash |
4.67% |
| |
Other |
8.23% |
Regional Breakdown
Expand allCollapse all
|
|
Region
|
Country
|
|
|
Developed Europe - Excl UK
|
33.26%
|
-
|
|
|
Italy
|
-
|
6.52%
|
|
|
Sweden
|
-
|
5.43%
|
|
|
Ireland
|
-
|
3.68%
|
|
|
Germany
|
-
|
3.43%
|
|
|
Norway
|
-
|
3.15%
|
|
|
Luxembourg
|
-
|
3.01%
|
|
|
France
|
-
|
2.94%
|
|
|
Austria
|
-
|
2.03%
|
|
|
Finland
|
-
|
1.33%
|
|
|
Netherlands
|
-
|
1.05%
|
|
|
Belgium
|
-
|
0.69%
|
|
|
North America
|
21.66%
|
-
|
|
|
United States
|
-
|
14.60%
|
|
|
Canada
|
-
|
7.06%
|
|
|
Japan
|
9.23%
|
-
|
|
|
Japan
|
-
|
9.23%
|
|
|
UK
|
7.43%
|
-
|
|
|
United Kingdom
|
-
|
7.43%
|
|
|
South & Central America
|
5.83%
|
-
|
|
|
Mexico
|
-
|
4.39%
|
|
|
Venezuela
|
-
|
1.07%
|
|
|
Chile
|
-
|
0.23%
|
|
|
Peru
|
-
|
0.14%
|
|
|
Australia & New Zealand
|
5.41%
|
-
|
|
|
Australia
|
-
|
5.41%
|
|
|
Cash and Equivalents
|
4.67%
|
-
|
|
|
Emerging Asia
|
4.14%
|
-
|
|
|
South Korea
|
-
|
2.26%
|
|
|
China
|
-
|
1.32%
|
|
|
Indonesia
|
-
|
0.56%
|
|
|
Emerging Europe
|
3.27%
|
-
|
|
|
Slovakia (Slovak Republic)
|
-
|
0.78%
|
|
|
Turkey
|
-
|
0.75%
|
|
|
Latvia
|
-
|
0.51%
|
|
|
Poland
|
-
|
0.49%
|
|
|
Russian Federation
|
-
|
0.39%
|
|
|
Croatia
|
-
|
0.34%
|
|
|
Developed Asia
|
3.20%
|
-
|
|
|
Singapore
|
-
|
2.43%
|
|
|
Hong Kong
|
-
|
0.77%
|
|
|
Middle East & Africa
|
1.91%
|
-
|
|
|
United Arab Emirates
|
-
|
1.19%
|
|
|
Egypt
|
-
|
0.71%
|
Breakdown By Market Cap (%)
| Mega |
|
0.00%
|
| Large |
|
0.00%
|
| Medium |
|
0.00%
|
| Small |
|
0.00%
|
| Micro |
|
0.00%
|
| Non-Classified |
|
0.00%
|
| Bonds |
|
95.33%
|
| Cash |
|
4.67%
|
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
45.51%
|
| 5Yr - 10Yr Maturity |
|
32.47%
|
| 10Yr - 15Yr Maturity |
|
5.79%
|
| > 15Yr Maturity |
|
11.56%
|
| Cash And Equivalents |
|
4.67%
|
| Unknown |
|
0.00%
|
| Other |
|
0.00%
|
Fixed Interest Quality Profile
| AAA |
|
27.04%
|
| AA |
|
8.77%
|
| A |
|
21.07%
|
| BBB |
|
16.41%
|
| BB |
|
4.39%
|
| B |
|
2.24%
|
| CCC |
|
0.00%
|
| Other |
|
20.07%
|
Top 10 Holdings
|
Stock
|
% Weight
|
Sector
|
Country
|
| 1
|
BUONI POLIENNALI DEL TES 5.50 01/11/2022
|
6.00%
|
Bonds
|
Italy
|
| 2
|
SWEDISH GOVERNMENT 3.50 01/06/2022
|
4.33%
|
Bonds
|
Sweden
|
| 3
|
AUSTRALIAN GOVERNMENT 4.75 15/06/2016
|
4.05%
|
Bonds
|
Australia
|
| 4
|
JAPAN-76 (20 YEAR ISSUE) 1.90 20/03/2025
|
2.65%
|
Bonds
|
Japan
|
| 5
|
IRISH TSY 5.5% 2017 5.50 18/10/2017
|
2.55%
|
Bonds
|
Ireland
|
| 6
|
1¾% Treasury Gilt 2022
|
2.35%
|
Bonds
|
United Kingdom
|
| 7
|
US TREASURY N/B 2.75 15/11/2042
|
2.18%
|
Bonds
|
United States
|
| 8
|
JAPAN-94 (20 YEAR ISSUE) 2.10 20/03/2027
|
1.97%
|
Bonds
|
Japan
|
| 9
|
UNITED MEXICAN STATES 2.75 22/04/2023
|
1.90%
|
Bonds
|
Mexico
|
| 10
|
CANADA HOUSING TRUST 2.40 15/12/2022
|
1.86%
|
Bonds
|
Canada
|
Portfolio data accurate as at: 30/04/13