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Stocks & Shares ISA
M&S Unit Trust Funds
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Our latest fund prices can be found on the Trustnet website. Please click on the relevant link below.
Fund Information
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Ethical Fund
The Fund objective is for long term capital growth by investing in predominantly UK companies that meet our social, environmental and ethical criteria. It invests in companies that make a positive contribution to the community and environment and will not invest in companies that derive over 10% of their turnover from activities such as armaments, gambling, the fur trade, tobacco, and pornography, or companies with a poor environmental record. It will also avoid companies that conduct or commission animal testing for cosmetic and toiletry purposes or make use of child labour.
Download our guide to ethical investing
Launched – February 2007
Funds under management (as at 03/02/10) – £13 million
Fund managers
The investment advisor to the Fund is HSBC Global Asset Management (UK) Limited who have sub-delegated the day to day management of the Fund to:
- Jupiter Asset Management Limited
- Sinopia Asset Management (UK) Limited – part of the HSBC Group
Things you need to know
The fund invests in shares. Share prices can go up and down meaning that the value of your investment and any income received from it can fall as well as rise and you may not get back the full amount you invested.
The Fund only invests in companies that meet its ethical standards. This limits the number of companies that the Fund will invest in and therefore may reduce growth.
As part of the Fund may be invested overseas the value of your investment may be affected by changes in currency exchange rates.
As the Fund may invest in bonds, changes in interest rates may affect the value of any bonds held in the Fund. If interest rates go up, the value of bonds may fall. If interest rates go down, the value of bonds may rise.
A small part of the Fund may invest in emerging markets. This may involve greater risk in buying and selling investments, settlement arrangements and the safekeeping of the investments held.
Percentage Growth
Source: Reuters Hindsight. Fund 31/12/04
31/12/0531/12/05
31/12/0631/12/06
31/12/0731/12/07
31/12/0831/12/08
31/12/09Ethical Fund n/a n/a n/a -32.2% 22.3% This information relates to the past and past performance is not a reliable indicator of future returns. Figures on a bid to bid basis, net income reinvested.
Charges
Fund Initial Charge Annual Management
ChargeFund Expenses Exit Fee Ethical Fund 1.0% 1.5% 0.22% None You can find out more about the initial charge, annual management charge, and fund expenses in the full prospectus and simplified prospectus for the fund
Further Information
Ethical Fund Annual Managers Report
Ethical Fund Annual Managers Short Report
Ethical Fund Interim Managers Report
Ethical Fund Interim Managers Short Report
Ethical Fund Simplified Prospectus
High Income Fund
The Fund objective is to provide a high level of income and it currently invests in corporate and government bonds which may be both investment grade (low-risk) and sub investment grade (high-risk rated by Standard and Poor's). Bonds are fixed-term loans to a government or company that pay a rate of interest for the duration of the loan. The interest is passed on to you, the investor, in the form of a quarterly payment. You can choose between taking a regular quarterly income or reinvesting any income you earn back into the Fund.
Download our guide to investing in bonds
Launched – February 1997
Funds under management (as at 03/02/10) – £255 million
Fund managers
The investment adviser to the Fund is HSBC Global Asset Management (UK) Limited. They have subdelegated the day to day management of the Fund to:
- Insight Investment Management (Global) Limited
Things you need to know
The fund invests in bonds. Bond prices can go up and down meaning that the value of your investment and any income received from it can fall as well as rise and you may not get back the full amount you invested.
Changes in interest rates may affect the value of the bonds held in the Fund. If interest rates go up, the value of bonds may fall. If interest rates go down, the value of bonds may rise.
As part of the Fund is invested overseas the value of your investment may be affected by changes in currency exchange rates.
Part of the Fund may invest in emerging markets. This may involve greater risk in buying and selling investments, settlement arrangements and the safekeeping of the investments held.
The annual management charge is deducted from capital. This may reduce the potential for growth and there may be times when the charge is greater than the growth of the Fund.
As the fund invests in bonds issued by companies, the companies may default on the interest payments or even on the repayment of capital at the maturity of the bond.
Percentage Growth
Source: Reuters Hindsight. Fund 31/12/04
31/12/0531/12/05
31/12/0631/12/06
31/12/0731/12/07
31/12/0831/12/08
31/12/09High Income Fund 8.2% 2.2% 0.0% -17.9% 23.5% This information relates to the past and past performance is not a reliable indicator of future returns. Figures on a bid to bid basis, net income reinvested.
Charges
Fund Initial Charge Annual Management
ChargeFund Expenses Exit Fee High Income Fund 0.0% 1.0% N/A None Further Information
You can find out more about the annual management charge and fund expenses in the full prospectus and simplified prospectus for the fund
High Income Fund Annual Managers Report
High Income Fund Annual Managers Short Report
High Income Fund Interim Managers Report
High Income Fund Interim Managers Short Report
High Income Fund Simplified Prospectus
Worldwide Managed Fund
The Fund objective is to provide long term capital growth and a reasonable income. The Fund seeks to achieve its objective by investing in UK and overseas shares and bonds.
Download our Guide to Multi-Managed Funds
Launched – October 1988
Funds under management (as at 03/02/10) – £469 million
Fund managers
The investment adviser to the Fund is HSBC Global Asset Management (UK) Limited. They have subdelegated the day to day management of the Fund to:
- Sinopia Asset Management (UK) Limited – part of the HSBC Group
- Insight Investment Management (Global) Limited
- Sarasin Investment Management Limited
- IronBridge Capital Management LP
- GMO UK Limited
Things you need to know
The fund invests in shares and bonds. The price of shares and bonds can go up and down meaning that the value of your investment and any income received from it can fall as well as rise and you may not get back the full amount you invested.
As part of the Fund is invested overseas the value of your investment may be affected by changes in currency exchange rates.
Changes in interest rates may affect the value of the bonds held in the Fund. If interest rates go up, the value of bonds may fall. If interest rates go down, the value of bonds may rise.
A small part of the Fund may invest in emerging markets. This may involve greater risk in buying and selling investments, settlement arrangements and the safekeeping of the investments held.
As the fund invests in bonds issued by companies, the companies may default on the interest payments or even on the repayment of capital at the maturity of the bond.
Percentage Growth
Source: Reuters Hindsight. Fund 31/12/04
31/12/0531/12/05
31/12/0631/12/06
31/12/0731/12/07
31/12/0831/12/08
31/12/09Worldwide Managed Fund 18.7% 8.1% 5.0% -17.7% 14.8% This information relates to the past and past performance is not a reliable indicator of future returns. Figures on a mid to mid market basis, net income reinvested.
Charges
Fund Initial Charge Annual Management
ChargeFund Expenses Exit Fee Worldwide Managed Fund 3.0% 1.5% 0.19% None You can find out more about the initial charge, annual management charge, and fund expenses in the full prospectus and simplified prospectus for the fund
Further Information
Worldwide Managed Fund Prospectus
Worldwide Managed Fund Annual Manager's Report
Worldwide Managed Fund Annual Manager's Short Report
Worldwide Managed Fund Interim Manager's Report
Worldwide Managed Fund Interim Manager's Short Report
Worldwide Managed Fund Simplified Prospectus
UK 100 Companies Fund
The Fund objective is to provide long term capital growth by matching the performance of the FTSE® 100 Index as closely as practically possible. It invests in established UK companies such as M&S, BP and Vodafone.
Download our Guide to Tracker Funds
Launched – May 1995
Funds under management (as at 03/02/10) – £265 million
Fund managers
The investment adviser to the Fund is HSBC Global Asset Management (UK) Limited. They have subdelegated the day to day management of the Fund to Sinopia Asset Management (UK) Limited, a specialist fund manager within the HSBC Group.
Things you need to know
The fund invests in shares. Share prices can go up and down meaning that the value of your investment and any income received from it can fall as well as rise and you may not get back the full amount you invested.
Although your investment is spread across the 100 companies that make up the FTSE® 100 Index, some companies and/or sectors can grow so large that they make up a large percentage of the index which increases risk.
The Fund will not track the FTSE® 100 Index exactly. In other words there will be a difference between the performance of the Fund and the FTSE® 100 Index.
Percentage Growth
Source: Reuters Hindsight. Fund 31/12/04
31/12/0531/12/05
31/12/0631/12/06
31/12/0731/12/07
31/12/0831/12/08
31/12/09UK100 Companies Fund 18.8% 13.1% 7.0% -30.3% 27.1% This information relates to the past and past performance is not a reliable indicator of future returns. Figures on a bid to bid basis, net income reinvested.
Charges
Fund Initial Charge Annual Management
ChargeFund Expenses Exit Fee UK 100 Companies Fund 0.0% 1.0% N/A None You can find out more about the initial charge, annual management charge, and fund expenses in the full prospectus and simplified prospectus for the fund
Further Information
UK 100 Companies Fund Prospectus
UK 100 Companies Fund Annual Managers Report
UK 100 Companies Fund Annual Managers Short Report
UK 100 Companies Fund Interim Managers Report
UK 100 Companies Fund Interim Managers Short Report
UK 100 Companies Fund Simplified Prospectus
UK Selection Portfolio
The Fund objective is to provide long term capital growth and an above average income. The Fund invests in the shares of both large and small UK companies and may invest in UK corporate bonds that have the option to convert to shares of the company (called "convertible stocks")
Download our Guide to Multi-Managed Funds
Launched – October 1989
Funds under management (as at 03/02/10) – £113 million
Fund managers
The investment adviser to the Fund is HSBC Global Asset Management (UK) Limited. They have subdelegated the day to day management of the Fund to:
- Sinopia Asset Management (UK) Limited – part of the HSBC Group
- GMO UK Limited
- BlackRock Investment Management (UK) Limited
Things you need to know
The fund invests in shares and bonds. The price of shares and bonds can go up and down meaning that the value of your investment and any income received from it can fall as well as rise and you may not get back the full amount you invested.
The Fund will hold investments in smaller companies where the share prices can change significantly, and the shares can be difficult to buy and sell.
As the Fund may invest in bonds, changes in interest rates may affect the value of any bonds held in the Fund.
If interest rates go up, the value of bonds may fall. If interest rates go down, the value of bonds may rise.
As the fund invests in bonds issued by companies, the companies may default on the interest payments or even on the repayment of capital at the maturity of the bond.
Percentage Growth
Source: Reuters Hindsight. Fund 31/12/04
31/12/0531/12/05
31/12/0631/12/06
31/12/0731/12/07
31/12/0831/12/08
31/12/09UK Selection Portfolio Fund 19.5% 14.9% -0.2% -31.8% 26.8% This information relates to the past and past performance is not a reliable indicator of future returns. Figures on a bid to bid basis, net income reinvested.
Charges
Fund Initial Charge Annual Management
ChargeFund Expenses Exit Fee UK Selection Portfolio 3.0% 1.5% 0.12% None You can find out more about the initial charge, annual management charge, and fund expenses in the full prospectus and simplified prospectus for the fund
Further Information
UK Selection Portfolio Prospectus
UK Selection Portfolio Annual Managers Report
UK Selection Portfolio Annual Managers Short Report
UK Selection Portfolio Interim Managers Report
UK Selection Portfolio Interim Managers Short Report
UK Selection Portfolio Simplified Prospectus
