M&G European Corporate Bond GBP I Acc (FUND:B76JLK6) - Fund price - Overview

Fund Report

M&G European Corporate Bond Fund Sterling I Acc

Key Stats
Morningstar® CategoryEUR Corporate Bond
Manager NameStefan Isaacs
Inception Date03/08/2012
NAV 26/07/2017GBX 1,388.87
Day Change-0.30%
12 Month Yield1.72%
Dividend FrequencyQuarterly
Net Assets (mil) 30/06/20171,780.35 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
Fund Ongoing Charge0.66%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating



Sustainability Rating as of 31/05/2017


Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Bloomberg Barclays Euro Aggregate Corporates TR EUR

Morningstar Analyst Rating™ *


Growth Of 10,000 (GBP) 30/06/2017

How has this security performed
  • Fund: M&G European Corporate Bond Fund Sterling I Acc
  • Category: EUR Corporate Bond
  • Benchmark: Bloomberg Barclays Euro Aggregate Corporates TR EUR
Trailing Returns % (GBP) 26/07/2017
3 Years Annualised6.696.596.92
5 Years Annualised7.036.877.04
10 Years Annualised7.547.257.63

Morningstar SRRI

Lower Risk
Higher Risk
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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 Profile30/06/2017

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 Bond88.47
Commercial Mortgage Backed3.60
Cash & Equivalents3.48
Non-Agency Residential Mortgage Backed2.45
Top Holdings
IncreaseDecreaseNew since last portfolio
1150801 Cds Eur P F 1.00000 2022-06-20Germany5.62
1150801 Cds Eur R V 03mevent 2022-06-20Germany5.49
DecreaseUs 10yr Note (Cbt)sep17 2017-09-20United States4.57
1150795 Cds Eur R F 1.00000 2027-06-20Germany3.43
1150795 Cds Eur P V 03mevent 2027-06-20Germany3.43
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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