Threadneedle (Lux) Global Technology Fund

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Reasons to invest

Resourced for success

Paul Wick is the longest tenured portfolio manager in the US technology sector and is supported by one of the largest and most experienced global technology teams in the industry. The 12-strong team is able to leverage the wider resources of the Columbia Threadneedle Investments’ group, drawing on a range of expert knowledge and macro, top-down insights.

High-conviction global approach

While most of the prominent tech companies are American, there are a number of powerhouses outside the US. This actively managed fund offers investors access to a concentrated ‘best ideas’ portfolio of technology and technology-related companies from around the globe. Our approach is not benchmark-oriented: we will hold companies where the team has a high degree of conviction and insight.

Contrarian in nature

We follow a disciplined investment process using fundamental analysis to identify companies that have the best growth prospects, are trading at attractive valuations and have the potential to deliver solid investment returns over time. Contrarian in nature, we seek to take advantage of misunderstood and under-researched companies to benefit from trends before they are fully appreciated by the market.

Driven by high-quality research

Meeting companies and conducting our own fundamental research drives our decision-making and lies at the heart of our stock-picking approach. As the only major tech team based in California’s Silicon Valley, we are at the heart of the technology industry, with direct access to major companies and innovative start-ups. compañías importantes e innovadoras start-ups.

Key facts

Strategy inception date:
30 April 1997
Benchmark index:
MSCI World – Information Technology
Peer group:
GIFS Offshore – Sector Equity Technology

Investment approach

The Global Technology team assesses a company’s future growth and capital appreciation potential against its current valuation when constructing a concentrated and conviction-weighted portfolio. This investment approach of balancing growth with valuation awareness has allowed the strategy to meaningfully participate in rising markets, while protecting capital in higher risk environments.

The large and experienced team is led by the longest tenured fund manager in the technology sector and has offices strategically located in Menlo Park, California (Silicon Valley) and New York City. Fundamental investment analysis focuses on free cash flow generation, competitive advantages, current or nearterm path to profitability and valuations that allows for future appreciation. Detailed analysis combined with industry knowledge seeks to exploit significant technological trends that are not yet appreciated by the marketplace; the team’s investment theses are often considered contrarian in nature.

The portfolio manager will sell companies that exhibit slowing revenue or earnings growth, whose business franchises are threatened by an industry shift or technological innovation, that exhibit a deterioration in their financial position or that approach established valuation targets.

Identifying the best growth opportunities

Share classes available

Share	Class	Curr	Tax	AMC	Entry charge	Min Inv.	Launch	ISIN	SEDOL	BBID	WKN/Valor/ CUSIP	Hedged
AU	Acc	USD	Gross	1,65%	5,00%	2.5	12/03/2010	LU0444971666	BD34WQ9	TNGTEAU LX	A1CU1W	No
AEH	Acc	EUR	Gross	1,65%	5,00%	2.5	13/05/2013	LU0444972557	–	TNGTEAH LX	A1CU1Z	Yes
DU	Acc	USD	Gross	2,00%	1,00%	2.500	12/03/2010	LU0444973449	B5BJ8R3	TNGTEDU LX	A1CS3G	No
BU	Acc	USD	Gross	2,00%	0,00%	–	12/03/2010	LU0476273544	B4SF7Z8	TNGTEBU LX	A1CU1X	No
DU	Acc	EUR	Gross	2,00%	1,00%	2.500	12/03/2010	LU0757431738	B8F4TF0	TNGTDUE LX	A1JVL6	No
ZU	Acc	USD	Gross	0,85%	5,00%	2.000.000	22/09/2014	LU0957808578	BQ3BG36	TNGTZUU LX	A12ACH	No

Documents

KIID

PDF

Prospectus

Fund Manager

Paul Wick

CIO, Seligman Investments, Equity Team Lead, Technology

Important Information

For internal use by Professional and/or Qualified Investors only (not to be used with or passed on to retail clients). Past performance is not a guide to future performance. The value of investments and any income is not guaranteed and can go down as well as up and may be affected by exchange rate fluctuations. This means that an investor may not get back the amount invested. Threadneedle (Lux) is an investment company with variable capital (Société d’investissement à capital variable, or “SICAV”) formed under the laws of the Grand Duchy of Luxembourg. The SICAV issues, redeems and exchanges shares of different classes, some of which are listed on the Luxembourg Stock Exchange. The management company of the SICAV is Threadneedle Management Luxembourg S.A, who is advised by Threadneedle Asset Management Ltd. and/or selected sub-advisors.
Het compartiment is op grond van artikel 1:107 van de Wet op het financieel toezicht opgenomen in het register dat wordt gehouden door de Autoriteit Financiële Markten. / Pursuant to article 1:107 of the Act of Financial Supervision, the subfund is included in the register that is kept by the AFM.

This material is for information only and does not constitute an offer or solicitation of an order to buy or sell any securities or other financial instruments, or to provide investment advice or services.

Subscriptions to a Fund may only be made on the basis of the current Prospectus and the Key Investor Information Document, as well as the latest annual or interim reports and the applicable terms & conditions. Please refer to the ‘Risk Factors’ section of the Prospectus for all risks applicable to investing in any fund and specifically this Fund. The above documents are available in English, French, German, Portuguese, Italian, Spanish and Dutch (no Dutch Prospectus) and can be obtained free of charge on request by writing to the management company at 44, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg and/or from

in Austria from Erste Bank, Graben 21 A-1010 Vienna;
in Belgium: CACEIS Belgium S.A., avenue du Port 86 C b 320, 1000 Brussel;
in France from CACEIS Bank, 1/3 Place Valhubert, 75013 Paris;
in Germany from JP Morgan AG, Junghofstr. 14, 60311 Frankfurt;
in Sweden from Skandinaviska Enskilda Banken AB (publ), Kungsträdgårdsgatan, SE-10640, Stockholm;
in the UK from JPMorgan Worldwide Securities Services, 60 Victoria Embankment, London EC4Y 0JP.

Subscriptions to a Fund may only be made on the basis of the current Prospectus and the Key Investor Information Document, as well as the latest annual or interim reports, which can be obtained free of charge on request, and the applicable terms & conditions. Please refer to the ‘Risk Factors’ section of the Prospectus for all risks applicable to investing in any fund and specifically this Fund. The above documents and the instrument of incorporation are available on request from our representative and Paying Agent in Switzerland, RBC Investor Services Bank S.A., Esch-sur-Alzette, Zurich branch, Badenerstrasse 567, PO Box 1292, 8048 Zurich.

Threadneedle Management Luxembourg S.A. Registered with the Registre de Commerce et des Societes (Luxembourg), Registered No. B 110242, 44, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg. Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.