The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA £ Corporate Bond Sector over any five-year period.
Fund Manager
Richard Woolnoughmanager
for
20 years
and 5 months
Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in economics.
Ben Lordmanager
for
4 years
and 6 months
Ben Lord joined M&G in 2007 and was appointed fund manager of the M&G Global Corporate Bond Fund from launch in September 2013. He is also fund manager of the M&G UK Inflation Linked Corporate Bond Fund and deputy manager of the M&G European Inflation Linked Corporate Bond Fund, the M&G Strategic Corporate Bond Fund, the M&G Corporate Bond Fund and the M&G Short Dated Corporate Bond Fund. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Fund Overview
Mid (26/07/2024)
84.63p
Distribution yield
4.47%
Underlying yield
4.15%
Fund size (31/05/2024)
£1487.83m
Number of holdings
352
Entry Charge
0.00%
Ongoing Charges
0.33%
Launch date
15/04/1994
Asset Allocation
International Bonds
50.15%
UK Corporate Bonds
29.18%
UK Gilts
11.06%
Cash and Equivalents
4.21%
Money Market
2.35%
Alternative Trading Strategies
-3.22%
Other Assets
6.28%
Portfolio data accurate as at: 31/05/24
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Portfolio data accurate as at:
Asset Allocation
International Bonds
50.15%
UK Corporate Bonds
29.18%
UK Gilts
11.06%
Cash and Equivalents
4.21%
Money Market
2.35%
Alternative Trading Strategies
-3.22%
Other Assets
6.28%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
90.38%
-
-
-
Cash and Equivalents
6.56%
-
-
-
Non-Classified
6.28%
-
-
-
Alternative Trading Strategies
-3.22%
-
-
-
Alternative Trading Strategies
-
-3.22%
-
-
Alternative Trading Strategies
-
-
-3.22%
-
Alternative Trading Strategies
-
-
-
-3.22%
Regional Allocation
UK
40.23%
Developed Europe - Excl UK
21.14%
North America
18.73%
Non-Classified
10.12%
Cash and Equivalents
6.56%
Australia & New Zealand
1.97%
South & Central America
0.85%
Japan
0.39%
Fixed Interest Currencies
Pound Sterling
80.96%
US Dollar
6.14%
Non-Fixed Interest Assets
5.41%
Cash
4.21%
Euro
3.11%
Singapore Dollar
0.17%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
40.23%
-
United Kingdom
-
40.23%
Developed Europe - Excl UK
21.14%
-
France
-
7.29%
Netherlands
-
3.51%
Luxembourg
-
2.28%
Germany
-
2.26%
Spain
-
1.77%
Italy
-
1.50%
Switzerland
-
1.35%
Ireland
-
0.35%
Denmark
-
0.29%
Finland
-
0.28%
Belgium
-
0.16%
Sweden
-
0.09%
North America
18.73%
-
United States
-
16.26%
Canada
-
2.47%
Non-Classified
10.12%
-
Cash and Equivalents
6.56%
-
Australia & New Zealand
1.97%
-
Australia
-
1.97%
South & Central America
0.85%
-
Mexico
-
0.85%
Japan
0.39%
-
Japan
-
0.39%
Fixed Interest Maturity Profile
< 5Yr Maturity
21.34%
5Yr - 10Yr Maturity
36.90%
10Yr - 15Yr Maturity
9.86%
> 15Yr Maturity
22.29%
Cash And Equivalents
6.56%
Unknown Maturity
6.28%
Other Asset Types
-3.22%
Fixed Interest Quality Profile
AAA
12.72%
AA
15.40%
A
16.89%
BBB
41.58%
Sub-Investment Grade
0.03%
Unknown Quality
3.76%
Cash and Equivalents
6.56%
Other Asset Types
3.06%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
4% Treasury Gilt 2063
3.85%
Bonds
United Kingdom
2
⅝% Treasury Gilt 2050
3.09%
Bonds
United Kingdom
3
3¾% Treasury Gilt 2052
2.05%
Bonds
United Kingdom
4
IMPERIAL BRANDS FINANCE PLC 4.875% 07/06/2032
1.78%
Bonds
United Kingdom
5
EUROPEAN INVESTMENT BANK 4.875% 16/12/2030
1.66%
Bonds
Luxembourg
6
KFW 4.875% 03/02/2031
1.65%
Bonds
Germany
7
AT&T INC 4.375% 14/09/2029
1.57%
Bonds
United States
8
⅞ Treasury 2046
1.35%
Bonds
United Kingdom
9
INTER-AMERICAN DEVELOPMENT BANK 4.75% 05/10/2029
1.24%
Bonds
United States
10
ROYAL BANK OF CANADA 30/01/2025
1.11%
Bonds
Canada
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
Sedol Code
BK7XX68
Mex Code
-
Isin Code
GB00BK7XX686
Citi Code
QGN7
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.33%
Aims and Benchmark
Aims
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA £ Corporate Bond Sector over any five-year period.
Benchmark
iBoxx Sterling Corporates GBP
Benchmark Category
Target
IA Sector
£ Corporate Bond
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
OEIC
Launch price
£0.25
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Quarterly
Distribution Type
Interest
Distribution Payment Basis
Net
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
The National Westminster Bank plc
Fund Administrator
IFDS
Fund Registrar
IFDS
Fund Custodian
State Street Bank and Trust Company
Group Details
Group name
M&G Investments
Group address
10 Fenchurch Avenue
London
EC3M 5AG
United Kingdom
Group telephone
0800 390 390
Dealing telephone
0800 328 3196
Email
info@mandg.co.uk
Homepage
www.mandg.co.uk
Fax number
-
Dealing
Minimum Investment
-
Minimum Top Up
-
Minimum Regular Saving
-
Settlement Period: Buy
-
Settlement Period: Sell
-
Pricing Basis
None
Dealing Decimals
-
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.