M&G Corporate Bond R Acc (FUND:B769ZK4) - Share price - Overview

Fund Report

M&G Corporate Bond Fund Sterling R Acc

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager NameRichard Woolnough
Inception Date03/08/2012
NAV 24/02/2017GBX 125.54
Day Change0.42%
12 Month Yield3.10%
ISINGB00B769ZK48
SEDOL
Dividend FrequencyQuarterly
Net Assets (mil) 31/01/20173,868.46 GBP
Wrapper Availability
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular Investment
Actual Initial Charge-
Exit Charge-
Custody Charge
Fund Ongoing Charge0.91%
AMC0.75%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Below Average

Below Average


Sustainability Rating as of 31/12/2016

Benchmarks

Fund Benchmark

IA £ Corporate

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate Corporate TR

Morningstar Analyst Rating™ *

Silver

Growth Of 10,000 (GBP) 31/01/2017

How has this security performed
20132014201520162017
Fund0.0910.59-0.148.43-0.89
Category1.6810.680.389.71-0.72
Benchmark1.6412.510.7012.27-0.99
  • Fund: M&G Corporate Bond Fund Sterling R Acc
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 24/02/2017
FundCatBmark
YTD1.011.181.43
3 Years Annualised5.766.558.11
5 Years Annualised5.806.907.91
10 Years Annualised6.605.926.16

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 Profile31/01/2017

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds105.848.4997.35
Cash11.909.832.07
Other1.200.610.58
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond81.12
Government6.63
Asset Backed5.01
Commercial Mortgage Backed4.69
Non-Agency Residential Mortgage Backed4.12
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Us Long Bond(Cbt) Mar17 2017-03-22United States4.40
Us 10yr Note (Cbt)mar17 2017-03-22United States3.87
DecreaseLloyds Bk 5.125% 2025-03-07United Kingdom1.60
United Kingdom (Government Of) 4.75% 2038-12-07United Kingdom1.40
Imperial Brands Fi 9% 2022-02-17United Kingdom1.39
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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