M&G European Corporate Bond GBP I Inc (FUND:B3W1971) - Fund price - Overview

Fund Report

M&G European Corporate Bond Fund Sterling I Inc

Key Stats
Morningstar® CategoryEUR Corporate Bond
Manager NameStefan Isaacs
Inception Date03/08/2012
NAV 22/03/2018GBX 1,224.05
Day Change-0.15%
12 Month Yield2.20%
Dividend FrequencyQuarterly
Net Assets (mil) 28/02/20181,874.04 EUR
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
Ongoing Cost0.66%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Below Average

Below Average

Sustainability Rating as of 31/01/2018


Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Bloomberg Barclays Euro Aggregate Corporates TR EUR

Morningstar Analyst Rating™ *


Growth Of 10,000 (GBP) 28/02/2018

How has this security performed
  • Fund: M&G European Corporate Bond Fund Sterling I Inc
  • Category: EUR Corporate Bond
  • Benchmark: Bloomberg Barclays Euro Aggregate Corporates TR EUR
Trailing Returns % (GBP) 22/03/2018
3 Years Annualised7.697.828.17
5 Years Annualised3.553.473.72
10 Years Annualised5.855.545.92

Morningstar SRRI

Lower Risk
Higher Risk
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  • 5
  • 6
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Fund aims to maximise total return (the combination of income and growth of capital) while generating a higher level of income than that from European government bonds of similar maturities. The Fund invests mainly in investment grade corporate bonds denominated in any European currency. The Fund may also invest in high yield corporate bonds, government and public securities denominated in any European currency. The Fund’s exposure to bonds, government and other public securities may be gained through the use of derivatives. The Fund may also invest in other assets, including collective investment schemes, other transferable securities, cash and near cash, deposits, warrants, money market instruments and other derivative instruments which may be denominated in any major global currency. Any non-European currency exposures within the Fund may be managed by currency hedges in European currencies.

Portfolio Profile28/02/2018

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond76.61
Asset Backed3.05
Agency Mortgage Backed2.84
Top Holdings
IncreaseDecreaseNew since last portfolio
New since last portfolioEuro-Bobl Future Mar18 2018-08-03Germany7.49
1150801 Cds Eur P F 1.00000 2022-06-20Germany5.34
1150801 Cds Eur R V 03mevent 2022-06-20Germany5.20
New since last portfolio1185966 Cds Eur R F 1.00000 2022-12-20Germany4.09
New since last portfolio1185966 Cds Eur P V 03mevent 2022-12-20Germany4.00
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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