Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Threadneedle UK Equity Income Ret Net Inc GBX

Ranked 21 out of 105 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Richard Colwell

Richard Colwell was born in Stafford, and attended Bangor University where he obtained a degree in Banking & Finance. Richard started his career at the Bank of England in 1990 and joined B2W in 1994. In late 1994 he joined Schroder Investment Management, and in 2002 he moved to Credit Suisse Asset management before joining Aviva Investors in 2007 where he ran the Aviva Investors UK Income & Growth fund. In 2010 Richard joined Threadneedle and runs the Threadneedle Managed Income, Monthly Extra Income, UK Growth & Income and UK Overseas Earnings funds. He holds the IIMR from the Chartered Institute of Bankers and is an associate member of the UKSIP and a member of the Association of Chartered Institute of Banks (CIB). Outside of fund management, he enjoys rugby, football and music.

Leigh Harrison

Leigh Harrison adopts a bottom-up approach to stockpicking. A member of the Securities Institute, Harrison graduated from Nottingham University with a BA in Geography in 1980 and went on to complete an MSC in Surveying and Photogrammetry at University College, London, a year later. Harrison's first financial post was with stockbroker Rowan Dartington. Two years later he joined Hill Samuel, where he spent 12 years managing a wide range of UK equity portfolios, including financial, growth, income and smaller companies. He was a director of institutional investment at Hill Samuel when he moved to Sun Life of Canada in 1994 to head the group's UK equity team prior to the firm's acquisition by Credit Suisse (CSAM) in 2001. Harrison joined Threadneedle in 2005 and now heads their UK retail investment division. He took charge of the Threadneedle UK Equity Income fund in February 2006.


The fund will seek to achieve an above average rate of income combined with sound prospects for capital growth. The fund will invest primarily in UK equities. It may, however, invest in other securities, such as convertibles and gilts.


UK Equity Income over : 30/11/2013 - 30/11/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 1.0% 3.1% -1.2%
2013 29.0% 10.7% 2.3% 7.1% 6.3%
2012 16.6% 7.9% -1.3% 6.5% 2.8%
2011 1.0% 1.8% 3.5% -10.5% 7.0%
2010 16.7% 6.3% -8.7% 11.3% 8.0%
2009 18.2% -10.7% 8.4% 19.8% 2.0%
2008 -22.7% -9.4% -2.0% -8.5% -4.9%
2007 7.9% 1.8% 3.2% -0.4% 3.1%
2006 19.4% 8.7% -2.2% 4.6% 7.4%
2005 20.3% 3.0% 4.7% 6.8% 4.5%
2004 14.7% 2.5% 2.5% 1.6% 7.5%
2003 17.3% -6.9% 12.6% 4.7% 7.0%
2002 -19.2% 4.1% -9.7% -16.1% 2.4%
2001 -6.0% -5.5% 4.4% -13.2% 9.7%
2000 2.0% -3.4% 1.6% 1.4% 2.5%
1999 13.3% 5.5% 3.2% -5.4% 10.1%
1998 10.7% 14.7% -1.0% -11.6% 10.3%
1997 27.0% 4.8% 6.3% 14.0% 0.0%
1996 16.8% 1.7% 2.7% 6.5% 5.0%
1995 5.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
AstraZeneca PLC ORD 5.96
GlaxoSmithKline PLC ORD 4.48
BT Group PLC ORD 4.35
Royal Dutch Shell Plc B ORD 3.93
Legal & General Group PLC ORD 3.70
Imperial Tobacco Group PLC ORD 3.58
Unilever PLC ORD 3.17
National Grid PLC ORD 2.85
BAE Systems PLC ORD 2.77
Centrica PLC ORD 2.64

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Denmark
  5. Finland
  6. France
  7. Germany
  8. Hong Kong
  9. Ireland
  10. Italy
  11. Luxembourg
  12. Netherlands
  13. Portugal
  14. Singapore
  15. Spain
  16. Switzerland
  17. United Kingdom

Fund Info

  • Launch date30/09/1985
  • Share Class size3,273Mn
  • Base currencyGBP
  • ISIN GB0001448900

Purchase Info

  • Min. initial investment2,000
  • Min. additional investment500


  • Annual management1.5%
  • Initial investment3.75

Related News

Threadneedle warns of turbulence ahead for UK economy

Richard Colwell, fund manager at Threadneedle Investments, has warned of a rocky road ahead for the UK economy as complacency gives way to underlying flaws in the recovery.

TR Property Investment Trust

Threadneedle UK Equity Income

Hargreaves unveils Wealth 150+ super clean deals

Hargreaves Lansdown has unveiled the 27 super clean funds on its 150+ list.

Smart Beta: Michael Roberts of Protect & Invest

Michael Roberts uses Vanguard’s range of index trackers for their low tracking error and ‘reasonable’ costs in his 50/50 active-passive investment strategy.

Threadneedle's Colwell sheds no tears over missing out on banks’ bull run

Threadneedle UK Equity Income manager Richard Colwell is sticking with his bank avoidance tactic, wary of their bad debts, and with his bread-and-butter holdings.

More QE sends managers on hunt for inflation-proof income

Income can be sought from a variety of asset classes, but with more quantitative easing and the spectre of inflation looming, finding the best sources of real returns is vital.

No bubble in income stocks, says Threadneedle

There is no bubble in high-yielding shares as investor desire for stocks with hefty payouts is only likely to grow further, top fund managers at Threadneedle Investments have said.

Threadneedle's Colwell reveals his top income picks

Threadneedle UK Equity Income co-manager Richard Colwell is a bottom-up stock picker who favours Cobham, Wetherspoon and BT, but is staying clear of BP and banks.

Citywire Selection Review: Who made the cut

The Citywire Selection team has announced the latest changes to their recommended investments. See who has made the cut.


Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).