Threadneedle Defensive T Inc
|Bid Price||GBX 113.20||Offer Price||GBX 113.20|
|Mid Price||-||Day Change||GBX -0.10 (-0.09%)|
|Price Date||26 Oct 2016||Crown Rating|
|Shares Class||Inc.||Yield||1.19 %|
|Total Expense Ratio||0.00||Fund Size||254,997,929.92|
|Launch Date||16/09/2002||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.95||Sector||IMA UK Equity Income|
|Min Investment (£)||2,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BYTLGH01||Min TopUp (£)||0.00|
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests in a selection of regulated funds that are managed by any company within Threadneedle's group of companies. The Fund may invest worldwide. At least two-thirds of its assets will be invested in funds that invest in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and/or governments. The Fund is managed on a defensive basis, which means there would usually be a higher allocation to lower risk funds than for other funds of this type. The Fund may also invest up to 20% of its assets in funds that invest in shares. Up to 20% of the Fund may be invested in funds that use derivatives for investment purposes. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. The Fund may also invest in asset classes and instruments different from those stated above.
In his role as Global Head of Fixed Income, Jim Cielinski is responsible for the overall management of the fixed income business, including investment process and investment strategy. He also manages the Threadneedle (Lux) Global Opportunities Bond Fund and is a key participant in the firm’s asset allocation process. Before joining the company, Jim spent 12 years at Goldman Sachs, leaving as Head of Global Credit – Investment Grade. He has also held senior investment roles at Utah Retirement Systems and Brown Brothers Harriman. Jim graduated from the University of Utah in 1983 with a BSc in Finance and gained an MBA from New York University in 1988. He also holds the Chartered Financial Analyst designation and is a member of the CFA Society of the UK.