# Contents
Company Information*..............................................................	3
Authorised Corporate Director’s Report*..............................	4

#### Notes to the Annual Reports and Audited Financial

#### Statements for Threadneedle Investment Funds ICVC	5 – 6

#### UK:
UK Fund	7 – 14
UK Select Fund	15 – 21
UK Smaller Companies Fund	22 – 28
UK Growth & Income Fund	29 – 35
UK Equity Income Fund	36 – 45
UK Monthly Income Fund	46 – 51
Monthly Extra Income Fund	52 – 59
Sterling Corporate Bond Fund
(formerly UK Corporate Bond Fund)	60 – 68
Sterling Bond Fund	69 – 75
Sterling Short-Term Money Market Fund
(formerly Sterling Fund)	76 – 80

#### Europe:
European Fund	81 – 89
European Select Fund	90 – 100
European Smaller Companies Fund	101 – 109
European Bond Fund	110 – 116
Strategic Bond Fund	117 – 126

#### US:
American Fund	127 – 135
American Select Fund	136 – 145
American Smaller Companies Fund (US)	146 – 154
Dollar Bond Fund	155 – 161

#### Japan:
Japan Fund	162 – 168

#### Pacific Basin & Emerging Markets:
Asia Fund	169 – 177
Latin America Fund	178 – 183
Emerging Market Bond Fund	184 – 192

#### International:
High Yield Bond Fund	193 – 204
Global Select Fund	205 – 212
Global Bond Fund	213 – 221

#### Institutional Funds:
UK Institutional Fund	222 – 227
UK Equity Opportunities Fund
(formerly Threadneedle UK Overseas Earnings Fund)	228 – 233
Statement of Authorised Corporate
Director’s (ACD) Responsibilities	234
Statement of the Depositary’s Responsibilities
and Report of the Depositary	234
Independent Auditors’ Report	235
Portfolio Statements*:
UK Fund	236 – 237
UK Select Fund	238
UK Smaller Companies Fund	239 – 240
UK Growth & Income Fund	241
UK Equity Income Fund .............................................................	242
UK Monthly Income Fund	243 – 244
Monthly Extra Income Fund	245 – 249
Sterling Corporate Bond Fund
(formerly UK Corporate Bond Fund)	250 – 253
Sterling Bond Fund	254
Sterling Short-Term Money Market Fund
(formerly Sterling Fund)	255

Translation (ENDE, 2020-03-31):
# Inhalt
#### Informationen zur Gesellschaft* ............................................	3

#### Bericht der Geschäftsleitung* ................................................	4

#### Erläuterungen zum Jahresbericht und geprüften Jahres- abschluss von Threadneedle Investment Funds ICVC	5 – 6

#### Großbritannien:
UK Fund	7 – 14
UK Select Fund	15 – 21
UK Smaller Companies Fund	22 – 28
UK Growth & Income Fund	29 – 35
UK Equity Income Fund	36 – 45
UK Monthly Income Fund	46 – 51
Monthly Extra Income Fund	52 – 60
Sterling Corporate Bond Fund
(vormals UK Corporate Bond Fund)	61 – 69
Sterling Bond Fund	70 – 76
Sterling Short-Term Money Market Fund
(vormals Threadneedle Sterling Fund)	77 – 81

#### Europa:
European Fund	82 – 90
European Select Fund	91 – 101
European Smaller Companies Fund	102 – 110
European Bond Fund	111 – 117
Strategic Bond Fund	118 – 127

#### USA:
American Fund	128 – 136
American Select Fund	137 – 146
American Smaller Companies Fund (US)	147 – 155
Dollar Bond Fund	156 – 162

#### Japan:
Japan Fund	163 – 169

#### Asiatisch-pazifischer Raum und Schwellenländer:
Asia Fund	170 – 178
Latin America Fund	179 – 184
Emerging Market Bond Fund	185 – 193

#### International:
High Yield Bond Fund	194 – 205
Global Select Fund	206 – 213
Global Bond Fund	214 – 222

#### Institutionelle Fonds:
UK Institutional Fund	223 – 228
UK Equity Opportunities Fund
(vormals Threadneedle UK Overseas Earnings Fund)	229 – 234
Verantwortlichkeiten der
Geschäftsleitung (ACD)	235
Aufgaben der Verwahrstelle in Bezug auf den
Investmentfonds und Bericht der Verwahrstelle	235
Prüfungsvermerk der unabhängigen Wirtschaftsprüfer	236
Portfolioaufstellungen*:
UK Fund	237 – 238
UK Select Fund	239
UK Smaller Companies Fund	240 – 241
UK Growth & Income Fund	242
UK Equity Income Fund .............................................................	243
UK Monthly Income Fund	244 – 245
Monthly Extra Income Fund	246 – 250
Sterling Corporate Bond Fund
(vormals UK Corporate Bond Fund)	251 – 254
Sterling Bond Fund	255
Sterling Short-Term Money Market Fund
(vormals Threadneedle Sterling Fund)	256