M&G Optimal Income GBP I Inc (FUND:B1H0560) - Fund price - Overview

Fund Report

M&G Optimal Income Fund Sterling I Inc

Key Stats
Morningstar® CategoryGBP Cautious Allocation
Manager NameRichard Woolnough
Inception Date08/12/2006
NAV 25/07/2017GBX 152.49
Day Change-0.05%
12 Month Yield3.40%
ISINGB00B1H05601
SEDOLB1H0560
Dividend FrequencySemi-Annually
Net Assets (mil) 30/06/201716,028.59 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.91%
AMC0.75%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Average

Average


Sustainability Rating as of 31/05/2017

Benchmarks

Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Not Categorized

Morningstar Analyst Rating™ *

Silver

Growth Of 10,000 (GBP) 30/06/2017

How has this security performed
20132014201520162017
Fund7.685.16-0.848.123.75
Category5.545.720.688.182.51
  • Fund: M&G Optimal Income Fund Sterling I Inc
  • Category: GBP Cautious Allocation
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 25/07/2017
FundCat
YTD4.133.19
3 Years Annualised4.135.05
5 Years Annualised5.925.41
10 Years Annualised7.915.73

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The fund aims to deliver income and capital growth by investing in a broad range of fixed income securities, wherever the manager sees the greatest opportunities. The manager may also hold up to 20% of the portfolio in company shares when he believes they offer better value than bonds. Exposure to these assets is gained through physical holdings and the use of derivatives. An in-house team of independent credit analysts assists the fund manager in the selection of individual bond issues.

Portfolio Profile30/06/2017

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks4.070.004.07
Bonds129.2642.4886.79
Cash29.0824.704.37
Other11.376.604.77
Top Stock Regions
Region%
United States35.88
Eurozone31.06
Europe - ex Euro14.96
United Kingdom14.06
Canada4.04

Top Sectors

Stock Sector%
Consumer Cyclical43.18
Healthcare30.94
Utilities7.43
Basic Materials6.58
Financial Services5.55
Fixed Income Sector%
Corporate Bond75.31
Government33.41
Cash & Equivalents4.84
Non-Agency Residential Mortgage Backed2.83
Commercial Mortgage Backed2.49
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
IncreaseLong Gilt Future Sep17 2017-09-27Not Classified10.98
Us 5yr Note (Cbt) Sep17 2017-09-29Not Classified5.11
Germany (Federal Republic Of) 0.5% 2018-02-23Not Classified3.04
Germany (Federal Republic Of) 0.25% 2018-04-13Not Classified3.04
Germany (Federal Republic Of) 4.25% 2018-07-04Not Classified2.88
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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