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Contact details

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

Fund managers

* David Oliphant01-Oct-2013 to Present
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 aim of the Fund is to provide income. The aim of the Fund is to grow the amount you invested. The Fund invests at least two-thirds of its assets in higher rated bonds (which are similar to a loan and pay a fixed or variable interest rate) that are priced in British pounds. Higher rated bonds (as defined by international agencies that provide such ratings) are considered safer than lower rated bonds but typically pay a lower income.

Key Information

Fund vs sector

  1y 3y
Position 75 / 106 41 / 91
Quartile 3 2

Fund ratings

FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 3.18 5.07
Alpha -0.07 0.03
Beta 0.93 1.11
Sharpe 1.26 0.98
Info Ratio -0.99 0.81
R2 0.96 0.97
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Corporate Bond»
performance chart
ACC +7.9+25.6+41.6+2.1+14.1+5.3+7.0
  STERLING CORPORATE BOND   +8.8+23.6+37.5+1.6+11.8+5.7+5.3
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf THREADNEEDLE III UK CORPORATE BOND RET ACC ACC 154.58 (p) 19-Dec-2014 3.50 1.09% AWJ0 B29JJW6
pdf THREADNEEDLE III UK CORPORATE BOND INST ACC ACC 159.96 (p) 19-Dec-2014 4.10 0.49% AWJ1 B29JJ82
pdf THREADNEEDLE III UK CORPORATE BOND RET 2 INC INC 148.98 (p) 19-Dec-2014 3.20 1.34% F5P9 B3XBT70
pdf THREADNEEDLE III UK CORPORATE BOND INST INC INC 118.58 (p) 19-Dec-2014 4.10 0.49% K0N6 B5LB1F8
pdf THREADNEEDLE III UK CORPORATE BOND INST GR INC INC 118.25 (p) 19-Dec-2014 4.10 0.49% MOI8 B68KBD3

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£175.1m / $274.1m (19-Dec-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
Dividend policyJan 01 (Final), Jul 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Fixed Interest Corporate Sterling Corporate Bond
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
TREASURY 2.75% GILT 07/09/24 GBP0.01 4.50 1 - *
BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP50000 1.40 3 - -
BANK OF AMERICA CORP 7% SNR NTS 31/07/28 GBP50000 1.10 6 - -
GOV OF MEXICO 5.63% 19/03/2114 1.10 7 - -
ELECTRICITE DE FRANCE 5.5% 17/10/2041 1.00 8 - -
TESCO PROPERTY FINANCE 6 PLC 5.4111% BDS 13/07/44 GBP100000 1.00 9 - -
ELECTRICITE DE FRAN MTN REGS 5.5% 17/10/41 1.00 10 - -
Regional weightings, 31-Oct-2014
UK90.301 90.30% UK
Cash9.702 9.70% Cash
Sector weightings, 31-Oct-2014
BBB44.901 44.90% BBB
A23.402 23.40% A
AA13.503 13.50% AA
Money Market9.704 9.70% Money Market
BB9.205 9.20% BB
Non-Rated2.206 2.20% Non-Rated
AAA-2.907 -2.90% AAA

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, 90.30%
90.3000% ofUK Fixed Interest
Money Market, 9.70%
9.7000% ofMoney Market

FE Adviser Fund Index

Sector analysis


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