M&G Optimal Income A-H Grs Acc Hdg EUR (FUND:B1VMCY9) - Overview

Fund Report

M&G Optimal Income Fund Euro A-H Acc

Key Stats
Morningstar® CategoryEUR Cautious Allocation - Global
Manager NameRichard Woolnough
Inception Date20/04/2007
NAV 08/12/2016EUR 19.28
Day Change0.10%
12 Month Yield2.33%
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/201610,982.18 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular InvestmentNo
Actual Initial Charge-
Exit Charge-
Custody ChargeNo
Fund Ongoing Charge1.43%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Below Average

Below Average

Sustainability Rating as of 30/09/2016


Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

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

Morningstar Analyst Rating™ *


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

How has this security performed
  • Fund: M&G Optimal Income Fund Euro A-H Acc
  • Category: EUR Cautious Allocation - Global
  • Benchmark: Cat 75%Barclays Euro Agg TR&25%FTSE Wld TR
Trailing Returns % (EUR) 08/12/2016
3 Years Annualised2.802.757.58
5 Years Annualised5.333.768.28
10 Years Annualised---

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 Profile31/10/2016

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 States34.23
United Kingdom12.86
Europe - ex Euro7.32

Top Sectors

Stock Sector%
Consumer Cyclical39.07
Financial Services8.10
Basic Materials8.07
Fixed Income Sector%
Corporate Bond108.10
Cash & Equivalents5.57
Commercial Mortgage Backed5.50
Asset Backed4.66
Top Holdings
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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