To continue using this website, please tell us a
little about yourself:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

How are you reacting to the recent changes to Stewart Investors’ flagship funds?

Considering selling
Doing nothing
Considering buying


You are here: Factsheet

OMW M&G Corporate Bond

2 FE Trustnet

FE Crown Rating

Fund Objective

The OMW 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 (ie 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 OMW fund will not match that of the underlying investment due to OMW fund charges, appropriate taxation adjustments and the OMW investment process.

Fund Manager

Richard Woolnough

Fund Manager




Primary Asset Class

Fund Size

GBP 22.66m as at 30-Oct-2015

Unit Name

OMW M&G Corporate Bond





Initial Charge


Unit Currency




Annual Charge



GBX 173.00


GBX 182.10

Change (Offer)

0.10 (0.06%)

Unit LaunchDate


Performance Overview

Performance Charts

Cumulative Performance

  YTD 3m 6m 1y 3y 5y
Fund 0.35 0.58 -0.35 0.99 7.92 24.82
Sector 0.57 0.90 -0.40 1.35 9.85 25.31

Discrete Performance (%)

  2014 2013 2012 2011 2010
Fund 7.75 -0.68 8.85 7.32 5.51
Sector 7.57 0.80 11.16 3.92 7.26

Asset Allocation

breakdown chart
  Asset Class % of Fund
UK Corporate Fixed Interest 54.45
US Corporate Fixed Interest 18.28
French Corporate Fixed Interest 5.92
UK Gilts 5.26
German Corporate Fixed Interest 2.74
Global Corporate Fixed Interest 2.04
Dutch Corporate Fixed Interest 2.00
Italian Corporate Fixed Interest 1.54
Spanish Corporate Fixed Interest 1.47
Money Market 1.25
Swiss Corporate Fixed Interest 0.99
French Government Fixed Interest 0.86
Italian Government Fixed Interest 0.47
Mexican Corporate Fixed Interest 0.35
Mexican Government Fixed Interest 0.30
Spanish Government Fixed Interest 0.30
Australian Corporate Fixed Interest 0.23
US Government Fixed Interest 0.22
Irish Corporate Fixed Interest 0.21
Belgian Corporate Fixed Interest 0.19
Danish Corporate Fixed Interest 0.18
North American Corporate Fixed Interest 0.17
American Emerging Corporate Fixed Interest 0.11
New Zealand Corporate Fixed Interest 0.10
Canadian Government Fixed Interest 0.08
Swedish Corporate Fixed Interest 0.06
Norwegian Corporate Fixed Interest 0.05
Luxembourg Corporate Fixed Interest 0.04
Hong Kong Corporate Fixed Interest 0.04
Portuguese Corporate Fixed Interest 0.04
Polish Government Fixed Interest 0.02
Japanese Corporate Fixed Interest 0.02

Regional Breakdown

breakdown chart
  Region % of Fund
UK 59.26
USA 18.95
France 6.78
Germany 2.74
International 2.04
Italy 2.02
Netherlands 2.00
Spain 1.77
Money Market 1.25
Switzerland 1.02
Mexico 0.65
Australia 0.23
Ireland 0.21
Belgium 0.19
Denmark 0.18
Bermuda 0.17
Cayman Islands 0.11
New Zealand 0.10
Canada 0.08
Portugal 0.06
Norway 0.05
Luxembourg 0.04
Hong Kong 0.04
Sweden 0.03
Japan 0.02

Sector Breakdown

breakdown chart
  Sector % of Fund
BBB 47.01
A 21.33
AA 12.67
AAA 8.63
BB 4.80
No rating 3.26
Cash 2.19
B 0.11

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.

Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.