M&G Corporate Bond R Inc (FUND:B7513S5) - Fund price - Overview

Fund Report

M&G Corporate Bond Fund Sterling R Inc

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager NameRichard Woolnough
Inception Date03/08/2012
NAV 22/05/2018GBX 108.07
Day Change-0.20%
12 Month Yield3.73%
ISINGB00B7513S58
SEDOL
Dividend FrequencyQuarterly
Net Assets (mil) 30/04/20183,559.38 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular InvestmentNo
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Ongoing Cost0.91%
AMC0.75%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Average

Average


Sustainability Rating as of 31/03/2018

Benchmarks

Fund Benchmark

Markit iBoxx GBP Corp TR

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate Corporate TR

Morningstar Analyst Rating™ *

Silver

Growth Of 10,000 (GBP) 30/04/2018

How has this security performed
201320142015201620172018
Fund-0.1110.61-0.138.335.06-1.42
Category1.6810.680.389.714.84-1.37
Benchmark1.6412.510.7012.274.86-1.54
  • Fund: M&G Corporate Bond Fund Sterling R Inc
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 22/05/2018
FundCatBmark
YTD-1.62-1.85-2.27
3 Years Annualised3.634.084.71
5 Years Annualised3.824.354.98
10 Years Annualised6.836.316.53

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 Profile30/04/2018

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds102.177.6694.51
Cash15.7411.983.75
Other1.740.001.74
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond69.91
Asset Backed8.06
Agency Mortgage Backed7.59
Government4.88
Covered Bond4.22
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
New since last portfolioUs Ultra Bond Cbt Jun18 2018-06-27United States5.87
Lloyds Bank plc 5.12% 2023-03-29United Kingdom1.70
New since last portfolioLong Gilt Future Jun18 2018-07-06United Kingdom1.37
AT&T Inc 4.88% United States1.37
Wells Fargo Bank, National Association 5.25% 2021-01-12United States1.28
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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