M&G Optimal Income GBP I Acc (FUND:B1H0571) - Overview

Fund Report

M&G Optimal Income Fund Sterling I Acc

Key Stats
Morningstar® CategoryGBP Cautious Allocation
Manager NameRichard Woolnough
Inception Date08/12/2006
NAV 07/12/2016GBX 206.38
Day Change0.27%
12 Month Yield2.84%
ISINGB00B1H05718
SEDOLB1H0571
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/201610,982.18 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 30/09/2016

Benchmarks

Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Cat 75%Barclays Stlg Agg TR&25%FTSE Wld TR

Morningstar Analyst Rating™ *

Silver

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund13.367.675.16-0.866.44
Category7.965.545.720.686.50
Benchmark7.543.2013.271.5612.68
  • Fund: M&G Optimal Income Fund Sterling I Acc
  • Category: GBP Cautious Allocation
  • Benchmark: Cat 75%Barclays Stlg Agg TR&25%FTSE Wld TR
Trailing Returns % (GBP) 07/12/2016
FundCatBmark
YTD6.946.2613.29
3 Years Annualised4.004.589.26
5 Years Annualised6.545.637.97
10 Years Annualised---

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 Profile31/10/2016

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
Stocks7.210.007.21
Bonds153.2673.6179.65
Cash36.1632.124.04
Other15.746.639.11
Top Stock Regions
Region%
Eurozone42.42
United States34.23
United Kingdom12.86
Europe - ex Euro7.32
Canada3.16

Top Sectors

Stock Sector%
Consumer Cyclical39.07
Healthcare24.29
Financial Services8.10
Basic Materials8.07
Technology7.08
Fixed Income Sector%
Corporate Bond108.10
Government40.66
Cash & Equivalents5.57
Commercial Mortgage Backed5.50
Asset Backed4.66
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
DecreaseLong Gilt Future Dec16 2016-12-28Not Classified10.96
Us Long Bond(Cbt) Dec16 2016-12-20Not Classified10.43
Us 10yr Note (Cbt)dec16 2016-12-20Not Classified9.25
New since last portfolioUs 2yr Note (Cbt) Dec16 2016-12-30Not Classified7.83
IncreaseUs 5yr Note (Cbt) Dec16 2016-12-30Not Classified5.42
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 Trafford House, Chester Road, Manchester M32 0RS. 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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