# Threadneedle UK Fund
### Portfolio Statement
(continued)
Holding  Investment
Value
£000
% of Net Asset
Value
FINANCIALS 22.22% (19.23%) (continued)
| 580,412 | London Stock Exchange Group | 44,471 | 2.41 |
| --- | --- | --- | --- |
| 10,777,431 | M&G Prudential | 20,499 | 1.11 |
| 9,182,458 | Melrose Industries | 16,955 | 0.92 |
| 783,182 | Schroders Non-voting | 16,212 | 0.88 |
|  | Total Financials | 409,324 | 22.22 |


###### TECHNOLOGY 2.69% (2.92%)
Software & Computer Services 2.69% (2.92%)
| 1,704,397  FDM Group Holdings IPO | 14,539 | 0.79 |
| --- | --- | --- |
| 5,282,008  Sage Group | 35,094 | 1.90 |
| Total Technology | 49,633 | 2.69 |
| COLLECTIVE INVESTMENT SCHEMES 0.48% (0.01%) |  |  |

Liquidity Funds 0.48% (0.01%)
1
2,752,558  BlackRock Institutional Cash Series
Sterling Liquidity Platinum	2,753	0.15
6,049,407  Insight Liquidity Funds - ILF GBP
| Liquidity Class 3 | 6,049 | 0.33 |
| --- | --- | --- |
| Total Collective Investment Schemes | 8,802 | 0.48 |
| Total value of investments 2 | 1,841,633 | 99.97 |
| Net other assets (0.04%) | 495 | 0.03 |
| Net assets | 1,842,128 | 100.00 |
| March 2019 comparatives in brackets. |  |
| † Alternative Investment Market. |
| 1 Cash equivalents. |
| 2 Includes Cash equivalents. |

| Threadneedle UK Select Fund |  |
| --- | --- |
| Portfolio Statement as at 7 March 2020 |
|  | Value | % of Net Asset |  | Value | % of Net Asset |
| Holding  Investment | £000 | Value | Holding  Investment | £000 | Value |
| OIL & GAS 5.55% (11.56%) |  |  | TELECOMMUNICATIONS 6.94% (3.99%) |  |  |
| Oil & Gas Producers 5.55% (11.56%) 1,523,026 BP | 6,106 | 2.11 | 7,044,279 | Fixed Line Telecommunications 3.15% (3.99%) BT Group	9,145 | 3.15 |
| 611,288  Royal Dutch Shell 'B' Shares | 9,986 | 3.44 |  |  |  |
| Total Oil & Gas | 16,092 | 5.55 |  | Mobile Telecommunications 3.79% (0.00%) |  |
|  |  |  | 7,955,153 | Vodafone Group	11,002 | 3.79 |
| BASIC MATERIALS 3.29% (7.02%) |  |  |  | Total Telecommunications	20,147 | 6.94 |

Chemicals 0.00% (3.66%)
Mining 3.29% (3.36%)
271,764 Rio Tinto		9,561	3.29
Total Basic Materials	9,561	3.29

###### INDUSTRIALS 4.88% (6.55%)
Construction & Materials 3.36% (2.84%)
11,347,660 
†
Breedon Aggregates	9,759	3.36
General Industrials 0.00% (3.71%)
Industrial Engineering 1.52% (0.00%)
351,586  Weir Group		4,397	1.52
Total Industrials	14,156	4.88

###### CONSUMER GOODS 18.35% (16.98%)
Beverages 3.33% (4.69%)
353,417 Diageo	9,669	3.33
Food Producers 2.01% (1.43%)
819,125  Tate & Lyle	5,826	2.01
|  | Household Goods & Home Construction 3.13% (0.00%) |  |
| --- | --- | --- |
| 149,971 | Reckitt Benckiser Group | 9,078 | 3.13 |
| 201,018 | Personal Goods 3.07% (2.48%) Unilever | 8,903 | 3.07 |

Tobacco 6.81% (8.38%)
433,107 British American Tobacco	13,656	4.71
371,020  Imperial Brands		6,105	2.10
Total Consumer Goods	53,237	18.35

###### HEALTH CARE 12.88% (6.32%)
Pharmaceuticals & Biotechnology 12.88% (6.32%)
270,892 AstraZeneca	19,946	6.88
1,084,625 GlaxoSmithKline		17,412	6.00
Total Health Care	37,358	12.88

###### CONSUMER SERVICES 16.33% (15.09%)
Food & Drug Retailers 6.23% (5.42%)

###### FINANCIALS 27.53% (21.40%)
Life Insurance 10.17% (10.72%)
3,559,259 Legal & General Group	8,503	2.93
894,813 Prudential	10,603	3.66
1,106,252  St James's Place	10,379	3.58
Real Estate Investment Trusts 3.29% (3.14%)
236,887  Derwent London	9,551	3.29
|  | Financial Services 14.07% (7.54%) |  |
| --- | --- | --- |
| 895,380 | Intermediate Capital Group | 13,834 | 4.77 |
| 133,381 | London Stock Exchange Group | 10,220 | 3.52 |
| 2,963,468 | M&G Prudential | 5,636 | 1.94 |

538,276 Schroders Non-voting		11,142	3.84
Total Financials	79,868	27.53

###### TECHNOLOGY 0.00% (7.44%)
Software & Computer Services 0.00% (7.44%)			 Total Technology	–	–

###### COLLECTIVE INVESTMENT SCHEMES 3.31% (1.04%)
Liquidity Funds 3.31% (1.04%)
1
| 9,092,430 | BlackRock Institutional Cash Series Sterling Liquidity Platinum | 9,092 | 3.14 |
| --- | --- | --- | --- |
| 501,731 | Insight Liquidity Funds - ILF GBP Liquidity Class 3 | 502 | 0.17 |
|  | Total Collective Investment Schemes | 9,594 | 3.31 |

Total value of investments2	287,388	99.06
Net other assets (2.61%)	2,729	0.94
Net assets	290,117	100.00
March 2019 comparatives in brackets.
1
Cash equivalents.
2
Includes Cash equivalents.
†
Alternative Investment Market.
| 4,518,350 | Tesco | 10,961 | 3.78 |
| --- | --- | --- | --- |
| 3,859,917 | WM Morrison Supermarkets | 7,125 | 2.45 |
|  | Media 5.31% (5.74%) |  |  |
| 3,666,761 | ITV | 3,680 | 1.27 |
| 641,323 | RELX (London Listing) | 11,730 | 4.04 |
|  | Travel & Leisure 4.79% (3.93%) |  |  |
| 521,165 | Compass Group | 8,083 | 2.79 |
| 170,209 | Whitbread | 5,796 | 2.00 |
|  | Total Consumer Services | 47,375 | 16.33 |

Translation (ENDE, 2020-03-31):
# Threadneedle UK Fund
### Aufstellung der Wertpapieranlagen
(Fortsetzung)
% des Netto­
Wert vermögens­
Bestand  Anlage
£000
werts
FINANZSEKTOR 22,22 % (19,23 %) (Fortsetzung)
| 580.412 | London Stock Exchange Group | 44.471 | 2,41 |
| --- | --- | --- | --- |
| 10.777.431 | M&G Prudential | 20.499 | 1,11 |
| 9.182.458 | Melrose Industries | 16.955 | 0,92 |
| 783.182 | Schroders Non-voting | 16.212 | 0,88 |
|  | Finanzsektor, insgesamt | 409.324 | 22,22 |


###### TECHNOLOGIE 2,69 % (2,92 %)
Software und Computerdienste 2,69 % (2,92 %)
| 1.704.397  FDM Group Holdings IPO | 14.539 | 0,79 |
| --- | --- | --- |
| 5.282.008  Sage Group | 35.094 | 1,90 |
| Technologie, insgesamt | 49.633 | 2,69 |


###### ORGANISMEN FÜR GEMEINSAME ANLAGEN 0,48 % (0,01 %)
Liquiditätsfonds 0,48 % (0,01 %)
1
2.752.558  BlackRock Institutional Cash Series
Sterling Liquidity Platinum	2.753	0,15
6.049.407  Insight Liquidity Funds - ILF GBP
| Liquidity Class 3 | 6.049 | 0,33 |
| --- | --- | --- |
| Organismen für gemeinsame Anlagen, insgesamt | 8.802 | 0,48 |
| Wert der Anlagen, insgesamt 2 | 1.841.633 | 99,97 |
| Sonstige Nettovermögenswerte (0,04 %) | 495 | 0,03 |
| Nettovermögen | 1.842.128 | 100,00 |
| Vergleichsdaten März 2019 in Klammern. |  |
| † Alternative Investment Market. |
| 1 Zahlungsmitteläquivalente. |
| 2 Enthält Zahlungsmitteläquivalente. |

| Threadneedle UK Select Fund |  |
| --- | --- |
| Aufstellung der Wertpapieranlagen |
| zum 7. März 2020 |
|  |  | % des |  |  | % des |
|  |  | Netto­ |  |  | Netto­ |
|  | Wert | vermögens­ |  | Wert | vermögens­ |
| Bestand  Anlage | £000 | werts | Bestand  Anlage | £000 | werts |
| ÖL UND GAS 5,55 % (11,56 %) |  |  | TELEKOMMUNIKATION 6,94 % (3,99 %) |  |  |
| Öl- und Gasförderer 5,55 % (11,56 %) |  |  | Festnetzkommunikation 3,15 % (3,99 %) |  |  |
| 1.523.026 BP | 6.106 | 2,11 | 7.044.279 BT Group | 9.145 | 3,15 |
| 611.288  Royal Dutch Shell ‘B’ Shares | 9.986 | 3,44 |  |  |  |
| Öl und Gas, insgesamt | 16.092 | 5,55 | Mobilfunk 3,79 % (0,00 %) |  |  |
|  |  |  | 7.955.153  Vodafone Group | 11.002 | 3,79 |
| GRUNDSTOFFE 3,29 % (7,02 %) |  |  | Telekommunikation, insgesamt | 20.147 | 6,94 |
| Chemikalien 0,00 % (3,66 %) FINANZSEKTOR 27,53 % (21,40 %) Bergbau 3,29 % (3,36 %)	Lebensversicherungen 10,17 % (10,72 %) |
| 271.764 Rio Tinto | 	9.561	3,29 | 3.559.259 | Legal & General Group | 8.503 | 2,93 |
| Grundstoffe, insgesamt | 9.561	3,29 | 894.813 | Prudential | 10.603 | 3,66 |
|  |  | 1.106.252 | St James’s Place | 10.379 | 3,58 |
| INDUSTRIEGÜTER 4,88 % (6,55 %) |  |  |  |  |  |  |
| Konstruktion und Baustoffe 3,36 % (2,84 %) |  |  |  | Immobilien Anlage Trusts 3,29 % (3,14 %) |  |  |
| 11.347.660  † Breedon Aggregates | 9.759 | 3,36 | 236.887 | Derwent London | 9.551 | 3,29 |

Allgemeine Industrie 0,00 % (3,71 %)
Industrieanlagenbau 1,52 % (0,00 %)
351.586  Weir Group		4.397	1,52
Industriegüter, insgesamt	14.156	4,88

###### KONSUMGÜTER 18,35 % (16,98 %)
Getränke 3,33 % (4,69 %)
353.417 Diageo	9.669	3,33
Lebensmittelproduzenten 2,01 % (1,43 %)
819.125  Tate & Lyle	5.826	2,01
Haushaltsgüter und Hausbau 3,13 % (0,00 %)
149.971  Reckitt Benckiser Group	9.078	3,13
Konsumgüter 3,07 % (2,48 %)
| Finanzdienstleistungen 14,07 % (7,54 %) |  |
| --- | --- |
| 895.380  Intermediate Capital Group | 13.834 | 4,77 |
| 133.381  London Stock Exchange Group | 10.220 | 3,52 |
| 2.963.468 M&G Prudential | 5.636 | 1,94 |

538.276 Schroders Non-voting		11.142	3,84
Finanzsektor, insgesamt	79.868	27,53

###### TECHNOLOGIE 0,00 % (7,44 %)
Software und Computerdienste 0,00 % (7,44 %)			 Technologie, insgesamt	–	–

###### ORGANISMEN FÜR GEMEINSAME ANLAGEN 3,31 % (1,04 %)
Liquiditätsfonds 3,31 % (1,04 %)
1
9.092.430 BlackRock Institutional Cash Series
Sterling Liquidity Platinum	9.092	3,14 501.731 Insight Liquidity Funds - ILF GBP
| 201.018 | Unilever | 8.903 | 3,07 |
| --- | --- | --- | --- |
| 433.107 | Tabak 6,81 % (8,38 %) British American Tobacco | 13.656 | 4,71 |

Liquidity Class 3		502	0,17
Organismen für gemeinsame
Anlagen, insgesamt	9.594	3,31
| 371.020 | Imperial Brands | 6.105 | 2,10 |  |
| --- | --- | --- | --- | --- |
|  | Konsumgüter, insgesamt | 53.237 | 18,35 | Sonstige Nettovermögenswerte (2,61 %) | 2.729 | 0,94 |
|  |  |  |  | Nettovermögen | 290.117 | 100,00 |

Wert der Anlagen, insgesamt2	287.388	99,06

###### GESUNDHEITSWESEN 12,88 % (6,32 %)
Arzneimittel und Biotechnologie 12,88 % (6,32 %)
Vergleichsdaten März 2019 in Klammern.
| 270.892 AstraZeneca | 19.946 | 6,88 | 1 Zahlungsmitteläquivalente. |
| --- | --- | --- | --- |
| 1.084.625 GlaxoSmithKline | 17.412 | 6,00 | 2 Enthält Zahlungsmitteläquivalente. |
| Gesundheitswesen, insgesamt | 37.358 | 12,88 | † Alternative Investment Market. |


###### VERBRAUCHERSERVICE 16,33 % (15,09 %)
Lebensmitteleinzelhandel und Drogerien 6,23 % (5,42 %)
| 4.518.350 | Tesco | 10.961 | 3,78 |
| --- | --- | --- | --- |
| 3.859.917 | WM Morrison Supermarkets | 7.125 | 2,45 |
|  | Medien 5,31 % (5,74 %) |  |  |
| 3.666.761 | ITV | 3.680 | 1,27 |
| 641.323 | RELX (London Listing) | 11.730 | 4,04 |
|  | Reise und Freizeit 4,79 % (3,93 %) |  |  |
| 521.165 | Compass Group | 8.083 | 2,79 |
| 170.209 | Whitbread | 5.796 | 2,00 |
|  | Verbraucherdienstleistungen, insgesamt | 47.375 | 16,33 |