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Skandia M&G Corporate Bond

FE Crown Rating

Fund Objective

The Skandia M&G Corporate Bond Fund invests solely in the M&G Corporate Bond Fund, a sub-fund of M&G Investment Funds (3), a UK authorised Open Ended Investment Company, managed by M&G Securities Limited. The underlying fund aims to achieve a higher total return (the combination of income and growth of capital) from investment than would be obtainable in UK government fixed interest securities (i.e. gilts) of similar maturities. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default. 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

Richard Woolnough

Fund Manager

Domicile

Sector

Currency

Primary Asset Class

Fund Size

GBX 26.44m as at 31-Jul-2014

Unit Name

Skandia M&G Corporate Bond

Inc/Acc

Accumulating 

Citicode

HP63

Initial Charge

0.00%

Unit Currency

GBX 

ISIN

GB0030715311 

Annual Charge

n/a

Bid

GBX 168.50

Offer

GBX 177.30

Change (Offer)

0.30 (0.18%)
27-Aug-2014

Unit LaunchDate

01-Aug-2001

Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund 5.31 1.81 3.18 6.24 16.69 30.52
Sector 5.16 1.83 3.18 6.39 18.99 36.10
 

Discrete Performance (%)

  2013 2012 2011 2010 2009
Fund -0.68 8.85 7.32 5.51 14.45
Sector 0.80 11.16 3.92 7.26 15.37

Asset Allocation

breakdown chart
  Asset Class % of Fund
Global Investment Grade Fixed Interest 84.66
Global Government Fixed Interest 7.04
Global High Yield Fixed Interest 4.15
Global Fixed Interest 2.97
Money Market 1.18

Regional Breakdown

breakdown chart
  Region % of Fund
UK 60.94
US 15.16
France 7.36
Other 4.22
Germany 3.16
Netherlands 2.24
Italy 2.00
Cash 1.80
Spain 1.62
Supranational 1.50

Sector Breakdown

breakdown chart
  Sector % of Fund
Securitised 21.93
Banking 15.20
Utility 9.54
Consumer 9.28
Telecommunications 8.76
Sovereign 7.04
Insurance 6.55
Services 4.31
Real Estate 3.77
Media 3.43
Supranational 2.66
Energy 2.51
Industrials 2.22
Cash 1.80
Technology 1.00

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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