M&G Corporate Bond GBP I Inc (FUND:B1YBRM6) - Overview

Fund Report

M&G Corporate Bond Fund Sterling I Inc

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager NameRichard Woolnough
Inception Date02/07/2007
NAV 09/12/2016GBX 40.65
Day Change-0.22%
12 Month Yield3.58%
ISINGB00B1YBRM66
SEDOLB1YBRM6
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/20164,023.85 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 Charge0.66%
AMC0.50%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Average

Average


Sustainability Rating as of 31/10/2016

Benchmarks

Fund Benchmark

IA £ Corporate

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate Corporate TR

Morningstar Analyst Rating™ *

Silver

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

How has this security performed
20122013201420152016
Fund11.790.1310.840.056.95
Category14.481.6810.680.387.78
Benchmark15.541.6412.510.709.67
  • Fund: M&G Corporate Bond Fund Sterling I Inc
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 09/12/2016
FundCatBmark
YTD6.747.799.76
3 Years Annualised5.716.107.49
5 Years Annualised6.067.158.20
10 Years Annualised6.385.465.70

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The M&G Corporate Bond fund invests mainly in sterling denominated 'investment grade' debt (BBB and above). The fund manager aims to identify corporate bonds that offer sufficient compensation for the risks of owning them. Typically this will involve an emphasis on A and BBB rated credits, although this may not always be the case. The fund's exposure to corporate debt may be gained through the use of derivatives. Default risk is constantly monitored and always well diversified. The fund focuses on proprietary research using our extensive credit resources, rather than on external research, as ratings agencies can be slow to revise their credit ratings and do not assess the effect of event risk on a company.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds105.5310.5494.99
Cash14.199.534.66
Other0.580.220.36
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond76.80
Asset Backed7.83
Government6.83
Commercial Mortgage Backed6.76
Cash & Equivalents5.11
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Us 10yr Note (Cbt)dec16 2016-12-20United States5.38
Us Long Bond(Cbt) Dec16 2016-12-20United States4.86
United Kingdom (Government Of) 4.75% 2038-12-07United Kingdom1.77
Lloyds Bk 5.125% 2026-03-07United Kingdom1.72
IncreaseUnited Kingdom (Government Of) 3.25% 2044-01-22United Kingdom1.37
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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