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Contact details

ManagerGroupLogo
Threadneedle Investment Services Limited, 60 St Mary Axe, London, EC3A 8JQ
0800 328 4540 (Fax Number)
0845 113 0273 (Main Number)

questions@service.threadneedle.co.uk

Fund managers

* David Oliphant01-Oct-2013 to Present
 
view    
Alasdair Ross»01-Nov-2011 to 30-Sep-2013
John Hampton»20-Dec-2007 to 31-Oct-2011
Nigel Bradshaw»20-Dec-2007 to 31-Oct-2011
Purna Bhudia»01-Jul-2010 to 31-Oct-2011


Investment objectives

The objective of the Fund is to achieve a long-term total return and to maximise this return whilst moderating the risk of investment at any particular point in the economic and business cycle. The policy of the Fund is to invest principally in investment-grade Sterling denominated corporate bonds. In addition, the Fund may invest in non-Sterling investment-grade bonds, government bonds, sub-investment-grade bonds, convertible bonds and preference shares. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash and near cash and hold securities of any duration. Derivatives and forward transactions shall be used only for the purposes of efficient portfolio management and hedging. Subject to at least 60 days’ notice to Shareholders, derivatives may also be used for investment purposes, which may change the risk profile of the Fund.

Key Information

Fund vs sector

  1y 3y
Position 55 / 100 45 / 93
Quartile 3 2

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
n/aS&P Rating
(Qualitative)
FE Crown Rating: 3 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 6.86 5.57
Alpha 0.31 -0.65
Beta 1.10 1.19
Sharpe 0.00 0.55
Info Ratio 0.40 0.30
R2 0.99 0.96
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Corporate Bond»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +0.3+20.2+71.7+14.5+4.7+6.9+33.6
  STERLING CORPORATE BOND   +0.3+19.2+55.5+13.1+5.0+5.2+24.1
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf THREADNEEDLE III UK CORPORATE BOND INST ACC ACC 151.63 (p) 24-Apr-2014 4.30 0.49% AWJ1 B29JJ82
pdf THREADNEEDLE III UK CORPORATE BOND INST INC INC 114.30 (p) 24-Apr-2014 4.30 0.49% K0N6 B5LB1F8
pdf THREADNEEDLE III UK CORPORATE BOND INST GR INC INC 113.86 (p) 24-Apr-2014 4.30 0.49% MOI8 B68KBD3
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf THREADNEEDLE III UK CORPORATE BOND RET ACC ACC 146.99 (p) 24-Apr-2014 3.70 1.09% AWJ0 B29JJW6
pdf THREADNEEDLE III UK CORPORATE BOND RET 2 INC INC 143.76 (p) 24-Apr-2014 3.40 1.34% F5P9 B3XBT70

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£154.4m / $258.9m (24-Apr-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch20-Dec-2007
Pricing times14:00 Daily Dealing frequencyMonday-Friday
Dealing timesn/a
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge5.00%
Annual management charge1.00%
Note to chargesn/a
Trustee / DepositaryHSBC Bank Plc
RegistrarInternational Financial Data Services Limited
Multi-Managern/a
Indexn/a
Dividend policyJan 01 (Final), Jul 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Fixed Interest Corporate Sterling Corporate Bond
Regional weightings, 31-Dec-2013
Region(%)Rank 
UK91.601 91.60% UK
Cash8.402 8.40% Cash
Total100.00 
Sector weightings, 31-Dec-2013
Sector(%)Rank 
Banks19.001 19.00% Banks
Mortgage & Secured Bonds14.402 14.40% Mortgage & Secured Bonds
Utilities13.403 13.40% Utilities
Cash & Cash Equivalents8.404 8.40% Cash & Cash Equivalents
Insurance8.205 8.20% Insurance
Telecommunications8.106 8.10% Telecommunications
Consumer Goods6.807 6.80% Consumer Goods
Industrials4.708 4.70% Industrials
Consumer Services3.909 3.90% Consumer Services
Other Financial3.5010 3.50% Other Financial
International Government Fixed Interest3.0011 3.00% International Government Fixed Interest
Basic Materials2.2012 2.20% Basic Materials
Oil & Gas2.2013 2.20% Oil & Gas
UK Gilts1.6014 1.60% UK Gilts
Technology0.6015 0.60% Technology
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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Asset allocation

UK Fixed Interest, 91.60%
91.6000% ofUK Fixed Interest
Money Market, 8.40%
8.4000% ofMoney Market

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