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Overview
ESG
Performance​
Investment Process​
Key Facts​
Fees & Charges​
Holdings
Literature​

CT UK Social Bond Fund Z Accumulation GBP

Fixed Income
OEIC
|
ISIN: GB00BF233790
    Asset Class
    Fixed Income
    Region of Investment
    UK
    Domicile
    GB
    Share Class Currency
    GBP
    Price (NAV)
    (as at 06 May 2025)
    136.35p
    Price Change
    (as at 06 May 2025)
    -0.28%Change down
    Fund Size
    (as at 30 Apr 2025)
    £338.30mn
    Underlying Yield
    (as at 31 Mar 2025)
    3.60 %

    Key Documents

    • Annual Report and Accounts, English Download Button
    • Interim Report and Accounts, English Download Button
    • KIID, English Download Button
    • Professional Investor Factsheet (Gross), English Download Button
    • Professional Investor Factsheet (Net), English Download Button
    • Prospectus, English Download Button
    • Private Investor Factsheet, English Download Button

    Overview

    Fund objective and policy

    The Fund aims to provide income with the prospect of some investment growth over the long term (5 years or more), through investment in bonds that are deemed to be supporting and funding socially beneficial activities and development, primarily in the UK.

    The Fund is actively managed, and seeks to maximise its investment exposure to socially beneficial activities and development, based on assessments produced under the Fund’s Social Assessment Methodology (developed by The Big Issue Group and Columbia Threadneedle Investments). The Social Assessment Methodology ensures that social impact considerations are integrated into the investment decision-making process. Investment is directed towards eight social outcome areas: housing and property; community services; education, learning and skills; employment and training; financial inclusion; health and social care; transport and communications infrastructure, utilities and the environment. Eligible Investments are assessed to establish an overall view of the investment’s “social intensity”. Some debt securities will have more direct and tangible social benefits than others, however those selected for investment are considered to have net positive impacts.

    A Social Advisory Committee regularly reviews the Social Assessment Methodology and the assessments carried out and may propose amendments or updates over time. An annual report is made available to investors which provides a summary of the Fund’s social impact performance.

    The Fund may invest in bonds (usually investment grade) issued by international, public, private or voluntary and/or charitable sector organisations. Cash or near cash will be retained within the Fund for efficient management, and similarly deposits and money market instruments may be held for this reason.

    The Fund is not permitted to invest in derivatives for investment purposes, but derivatives may be used with the aim of reducing risk or managing the Fund more efficiently. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets.

    Fund Managers

    Tammie Tang
    Executive Director

    Environmental, Social and Governance Introduction

    At Columbia Threadneedle Investments we incorporate financially material ESG factors in our research and decision-making with the objective of delivering stronger, long term risk-adjusted returns. Different funds may put more emphasis on ESG factors and some may have specific ESG objectives. The classifications, disclosures and policies below are provided to inform your investment decisions.

    Sustainability-related disclosures

    • Outcomes Report, English Download Button
    • SDR Consumer Facing Disclosure (CFD), English Download Button
    • Social Investment Guidelines, English Download Button
    • Task Force on Climate-Related Financial Disclosures (TCFD) – Product Level Report, English Download Button

    Performance

    Monthly NAV Performance (GBP)

    (As at 31 Mar 2025)

    Source: Morningstar UK Limited. © 2025. Based on Bid-to-Bid and assuming income is reinvested including ongoing charges excluding entry and exit charges. Index returns include capital gains and assume reinvestment of any income. The index does not include fees or charges and you cannot invest directly in it. The return of your investment may change as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation.

    Gross Fund Returns - Source: Columbia Threadneedle Investments. Based on global close valuations with cash flows weighted at start of day and excluding entry/exit charges and ongoing charges, and net of transaction costs. Index returns include capital gains and assume reinvestment of any income. The index does not include fees or charges and you cannot invest directly in it.

    Significant Events

    Fund Changes

    For detailed information on Fund Changes please see "Significant events - Threadneedle UK Regulated Funds" PDF available on www.columbiathreadneedle.com/en/changes/

    Key Risks

    • The value of investments can fall as well as rise and investors might not get back the sum originally invested.
    • The Fund invests in securities whose value would be significantly affected if the issuer refused, was unable to or was perceived to be unable to pay.
    • The Fund holds assets which could prove difficult to sell. The Fund may have to lower the selling price, sell other investments or forego more appealing investment opportunities.
    • Changes in interest rates are likely to affect the Fund’s value. In general, as interest rates rise, the price of a fixed rate bond will fall, and vice versa.
    • The Fund may invest in derivatives (complex instruments linked to the rise and fall of the value of other assets) with the aim of reducing risk or minimising the cost of transactions. Such derivative transactions may benefit or negatively affect the performance of the Fund. The Manager does not intend that such use of derivatives will affect the overall risk profile of the Fund.
    • The Fund aims to invest in assets that are deemed to be supporting and funding socially beneficial activities and development and utilises a Social Assessment Methodology. This will influence the Fund’s exposure to certain issuers, industries, sectors and regions, and may affect the relative performance of the Fund positively or negatively.
    • The fund may exhibit significant price volatility.
    • The risks currently identified as applying to the Fund are set out in the "Risk Factors" section of the prospectus.

    UCITS SRRI Risk Score

    Investment Process

    The fund invests in credit bonds using an outcomes-based approach to deliver both social and financial returns. We first identify bonds that conform to eight key social fields set by Big Issue Invest to form a social universe of 350-400 securities. Eligible investments are then ranked by our Responsible Investment team to evaluate the ‘social intensity’ of qualifying bonds, with each security is ranked as high, medium or low social intensity. This is not a simple box-ticking exercise, but involves a three-dimensional approach to the social implications of each issue. At the most basic level, bonds invested in promise evidence based outcomes in one of the eight social fields; next, our analysis draws on a number of factors to judge the intensity of social outcome. Here, use of proceeds is a key driver – we want a line of sight to the social outcome. This also focusses on localities, using indicators which show where deprivation levels are most severe.

    Our investment grade credit team evaluates these bonds using our established credit research process to ensure that investment ideas meet the necessary financial and liquidity requirements for inclusion within the portfolio. The portfolio manager has ultimate responsibility for final portfolio construction and targets a third of the exposures in each of the three high, medium and low social intensity buckets. This is a ‘soft’ guideline and ideally, where possible, the portfolio manager will look to increase the allocation to the higher intensity buckets – to add ‘social alpha.’ The portfolio is balanced and well-diversified and targets a minimum of 80% UK domestic social outcomes. Securities will be on average investment grade with some high yield securities and unrated bonds and smaller issues especially where they have high social value. Particular attention is paid to managing liquidity and a proportion of the fund will be in highly liquid but lower yielding instruments as a result.

    Key Facts

    Fund

    • Product Type
      OEIC
    • Capability
      Fixed Income : Investment Grade, Responsible Investment
    • Asset Class
      Fixed Income
    • Region of Investment
      UK
    • Comparator Index
      ICE BofA 1-10 Year Sterling Non-Gilt
    • Comparator Peer Group
      n/a
    • Fund Launch Date
      04 Dec 2013
    • Fund Currency
      GBP
    • Fund Domicile
      United Kingdom
    • Fund Umbrella
      Columbia Threadneedle Opportunity Funds (UK) ICVC
    • Investment Management Company
      Threadneedle Asset Management Limited

    Share class

    • Share Class Currency
      GBP
    • Share Class Launch Date
      04 Dec 2013
    • Minimum Initial Investment
      £2,000.00
    • Distribution Frequency
      Quarterly
    • XD Date(s)
      26-Feb, 26-May, 26-Aug, 26-Nov
    • Pay Date(s)
      25-Jan, 25-April, 25-July, 25-Oct

    Codes

    • ISIN
      GB00BF233790
    • SEDOL
      BF23379
    • Citicode
      JTYR
    • Bloomberg ID
      TDUKZNA LN
    • MEX ID
      ADAAFM
    • WKN
      A1W7QS
    • Valoren
      22518158

    Fees & Charges

    Full Portfolio Holdings

    Fund holdings are as of the date given, as at global close (not official NAV time), are subject to change at any time and are not recommendations to buy or sell a security. All holdings are shown as a percentage of total market value in fund base currency and include accrued (earned but not yet received) income from underlying investments within (or part of) the fund's holding in the issuer. For information on this fund's full portfolio of investments, please consult the fund's annual and semi-annual reports by clicking the links available on this website.

    Literature

    Regulatory Documents

    • Annual Report and Accounts, English Download Button
    • Instrument of Incorporation, English Download Button
    • Interim Report and Accounts, English Download Button
    • KIID, English Download Button
    • Prospectus, English Download Button
    • Prospectus Appendix - Dilution Rate Adjustment, English Download Button
    • 2 documents availableContext Menu Icon
    • Statement on Assessment of Value, English Download Button

    Fund Literature

    • 2 documents availableContext Menu Icon
    • Fund Profiles, English Download Button
    • Monthly Commentary, English Download Button
    • Outcomes Report, English Download Button
    • Professional Investor Factsheet (Gross), English Download Button
    • Professional Investor Factsheet (Net), English Download Button
    • Quarterly Commentary, English Download Button
    • Private Investor Factsheet, English Download Button
    • SDR Consumer Facing Disclosure (CFD), English Download Button
    • Social Investment Guidelines, English Download Button
    • Task Force on Climate-Related Financial Disclosures (TCFD) – Product Level Report, English Download Button
    Download All

    Fund Managers

    Tammie Tang
    Executive Director

    Tammie Tang is a senior portfolio manager in the Fixed Income team with a focus on investment grade credit, having joined the company in 2012. She is lead portfolio manager for Columbia Threadneedle’s UK, European and global social bond strategies, as well as various institutional UK credit strategies and the Threadneedle Pensions Corporate Bond Fund. Tammie’s responsibilities and focus are geared towards generating active returns and alignment with clients’ sustainability objectives.

    Tammie previously worked at JPMorgan in New York, where she held roles in structuring, trading and portfolio management within more complex interest rate and credit derivative products for the bank’s asset management and insurance clients. Tammie started her career at PricewaterhouseCoopers, Sydney, in an actuarial consulting role where she provided detailed pricing, valuation and statistical modelling work for insurance clients.

    Tammie holds a Master of Statistics from the University of New South Wales and is a Fellow of the Institute of Actuaries Australia. She is also a trustee for the Columbia Threadneedle Foundation where we work closely with long-term charity partners to drive social change.

    Important Information

    Your capital is at risk. Columbia Threadneedle Opportunity Funds (UK) ICVC is an open-ended investment company structured as an umbrella company, incorporated in England and Wales, authorised and regulated in the UK by the Financial Conduct Authority (FCA) as a Non-UCITS scheme.This material should not be considered as an offer, solicitation, advice or an investment recommendation. This communication is valid at the date of publication and may be subject to change without notice. Information from external sources is considered reliable but there is no guarantee as to its accuracy or completeness. The current Prospectus, the Key Investor Information Document (KIID), latest annual or interim reports and the applicable terms & conditions are available from Columbia Threadneedle Investments at PO Box 10033, Chelmsford, Essex CM99 2AL, your financial advisor and/or on our website www.columbiathreadneedle.com.Issued by Threadneedle Investment Services Limited. Registered in England and Wales, Registered No. 3701768, Cannon Place, 78 Cannon Street London EC4N 6AG, United Kingdom. Authorised and regulated in the UK by the Financial Conduct Authority.Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.

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