M&G Optimal Income GBP I Acc (FUND:B1H0571) - Fund price - 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 21/11/2017GBX 219.70
Day Change0.19%
12 Month Yield2.31%
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/201716,730.55 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%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

No Rating

No Rating

Sustainability Rating as of -


Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Not Categorized

Morningstar Analyst Rating™


Growth Of 10,000 (GBP) 31/10/2017

How has this security performed
  • Fund: M&G Optimal Income Fund Sterling I Acc
  • Category: GBP Cautious Allocation
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 21/11/2017
3 Years Annualised4.254.63
5 Years Annualised5.335.01
10 Years Annualised7.865.68

Morningstar SRRI

Lower Risk
Higher Risk
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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 Profile31/10/2017

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Stock Regions
United Kingdom25.71
United States22.88
Europe - ex Euro14.06

Top Sectors

Stock Sector%
Consumer Cyclical49.54
Financial Services8.48
Communication Services6.82
Fixed Income Sector%
Corporate Bond67.33
Agency Mortgage Backed4.68
Cash & Equivalents4.13
Top Holdings
IncreaseDecreaseNew since last portfolio
DecreaseLong Gilt Future Dec17 2017-12-27Not Classified8.64
New since last portfolioEURO-BUND FUTURE DEC17 Not Classified8.55
New since last portfolioEURO-BOBL FUTURE DEC17 Not Classified3.71
Germany (Federal Republic Of) 4.25% 2018-07-04Not Classified2.72
IncreaseUs Ultra Bond Cbt Dec17 2017-12-19Not Classified2.69
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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