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Skandia M&G Global Convertibles

FE Crown Rating

Fund Objective

The Skandia M&G Global Convertibles Fund invests solely in the M&G Global Convertibles Fund, a sub-fund of M&G Investment Funds (7), a UK authorised open-ended investment company with variable capital, managed by M&G Securities Limited. The aim of the underlying fund is to maximise long term total return to investors by investing mainly in global convertible assets. Investments in the underlying fund tend to be volatile and investors should expect an above average price increase or decrease. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in bonds or money market instruments (including deposits with banks or other financial institutions). The yield and/or value of the fund will fluctuate as interest rates change. There is a possibility of default, reducing capital values. The underlying fund, or some of its underlying assets, may hold derivatives, or borrow to invest ('gearing'), and the nature of these investments can lead to a higher volatility in the price of the fund. In addition, the fund may have some exposure to credit risk if a provider of derivatives fails to honour their obligation. Some of the investments in the underlying fund can be difficult to sell at times, which could affect the price of units. It should be noted that the performance of the Skandia fund will not match that of the underlying investment due to Skandia fund charges, appropriate taxation adjustments and the Skandia investment process.

Fund Manager

Leonard Vinville

Fund Manager

Domicile

Sector

Currency

Primary Asset Class

Fund Size

GBX 1.25m as at 29-Aug-2014

Unit Name

Skandia M&G Global Convertibles

Inc/Acc

Accumulating 

Citicode

FEJ2

Initial Charge

0.00%

Unit Currency

GBX 

ISIN

GB00B4NRHS23 

Annual Charge

n/a

Bid

GBX 130.50

Offer

GBX 137.30

Change (Offer)

-0.10 (-0.08%)
02-Sep-2014

Unit LaunchDate

29-May-2009

Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund 1.87 0.85 0.93 2.27 16.40 28.54
Sector 3.16 1.85 2.33 6.64 20.74 32.41
 

Discrete Performance (%)

  2013 2012 2011 2010 2009
Fund 9.76 5.04 -7.10 8.42 -
Sector 10.14 6.76 -5.30 8.11 18.93

Asset Allocation

breakdown chart
  Asset Class % of Fund
US Fixed Interest 36.43
Global Fixed Interest 20.20
French Fixed Interest 9.31
UK Fixed Interest 8.20
German Fixed Interest 6.02
Dutch Fixed Interest 5.52
Money Market 4.27
Singapore Fixed Interest 3.87
Russian Fixed Interest 3.37
Italian Fixed Interest 2.81

Regional Breakdown

breakdown chart
  Region % of Fund
US 36.43
Other 20.20
France 9.31
UK 8.20
Germany 6.02
Netherlands 5.52
Cash 4.27
Singapore 3.87
Russia 3.37
Italy 2.81

Sector Breakdown

breakdown chart
  Sector % of Fund
Technology 20.53
Financials 17.94
Industrials 10.47
Healthcare 9.00
Oil & gas 8.90
Consumer services 7.96
Consumer goods 7.37
Basic materials 6.66
Cash 4.27
Other 2.99
Telecommunications 2.81
Utilities 1.10

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

 
 
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