Threadneedle Absolute Return Bond Net Retail Accumulation

Sell : 60.12p | Buy : 60.12p | up 0.06p
Last valuation as at 28-11-2008

At a glance

Initial charge 0.00%
Initial saving 0.00%
Annual charge 1.25%
Annual saving 0.000% ²
Total Expense Ratio 1.40%
Launch date 24-10-2005
Launch price £0.50
Sector Absolute Return
Fund size £75 million
Number of holdings 57
Fund type OEIC
Type of units Accumulation

HL Research - Our view on this Fund

Hargreaves Lansdown research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. This fund does not fall into either of these categories at present.

Full research

About the Fund Manager

Photo of Quentin Fitzsimmons

Quentin Fitzsimmons
Located in: London


In 1991 Quentin Fitzsimmons joined Sun Life Assurance Company of Canada and progressed to senior investment analyst, moving to the Equitable Life Assurance Society in 1994 as senior portfolio manager. He then joined F&C (formerly Foreign & Colonial) Investment Management Ltd in 1999 and became director of fixed interest (UK bonds) before joining Threadneedle in September 2003 as Head of Government Bonds. Quentin is responsible for managing a variety of institutional fixed income portfolios managed for third party clients. He is also Co-Fund Manager for the Threadneedle Absolute Return Bond Fund and the Threadneedle Target Return Fund and is Deputy Fund Manager for the Threadneedle Sterling Bond Fund. Quentin graduated in 1989 from the University of Bristol with a BSc in Economics and Economic History.

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Income details

Running yield N/a
Income paid Annually
Type of payment Interest

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Distribution dates

Ex-dividend date 01 May 2008
Payment date ³ 30 June 2008

Top 10 holdings

2½% Index-linked Treasury Stock 2011 8.69%
TII 3 7/8 01/15/09 7.06%
2½% Index-linked Treasury Stock 2009 6.52%
NIB 5 3/4 11/06/08 4.95%
European Investment Bank 6.25% 2008 4.25%
Bank Nederlandse Gemeenten 4.625% BDS 07/12/08 GBP1000 4.19%
TOYOTA 4 12/11/08 3.94%
KFW 4 3/4 12/07/10 3.55%
BATSLN 6 1/2 11/13/08 3.20%
BMW 4 5/8 11/28/08 3.06%

Top 10 sectors

Bonds 101.77%
Non-Classified 1.93%
Cash and Equiv. -3.70%

Top 10 countries

United Kingdom 33.81%
United States 15.29%
Netherlands 11.19%
Luxembourg 10.67%
Ireland 7.98%
Germany 6.33%
Finland 4.95%
Canada 3.20%
France 2.76%
Belgium 2.07%

² Annual saving is not available in the SIPP.

³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

As well as investing in shares and other assets, absolute return funds can also use derivatives to take short positions in companies. Therefore the returns depend primarily on the manager’s stock picking skills, not solely on the price of their holdings rising, and the standard analysis of the underlying investments is not applicable.

Last valuation as at 28-11-2008. Data accurate as at 31/10/2008.

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