Your Basket
Your Basket
There are no funds in your basket. To add funds to your basket use the Green Plus Icon wherever you see it next to a fund.
Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
Close Basket Open basket




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

Are you preparing your portfolio for the possibility of Scottish independence?



You are here: Factsheet

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




Primary Asset Class

Fund Size

GBX 26.44m as at 31-Jul-2014

Unit Name

Skandia M&G Corporate Bond





Initial Charge


Unit Currency




Annual Charge



GBX 168.50


GBX 177.30

Change (Offer)

0.30 (0.18%)

Unit LaunchDate


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.

Sign up for email alerts
Stay upto date on the latest fund research from FE
subscribe Readers of this page also looked at:
Readers of this Factsheet have not looked at any others
Add your comment
Reload Change mode
Enter the words above:
Send comment
Be the first to comment on this Factsheet.
  • Stay connected with FE trustnet
  • Authorised and Regulated by the
    Financial Conduct Authority
  • © Trustnet Limited . All Rights Reserved.
  • Please read our Terms of Use / Disclaimer
    and Privacy and Cookie Policy.
  • Data supplied in conjunction with Thomson Financial Limited,
    London Stock Exchange Plc,