M&G Strategic Corporate Bond GBP I Acc (FUND:B7J4YT8) - Overview

Fund Report

M&G Strategic Corporate Bond Fund Sterling I Acc

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager NameRichard Woolnough
Inception Date03/08/2012
NAV 09/12/2016GBX 1,219.19
Day Change-0.18%
12 Month Yield3.14%
ISINGB00B7J4YT87
SEDOLB7J4YT8
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/20162,784.03 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

No Rating

No Rating


Sustainability Rating as of -

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
Fund12.141.319.140.006.19
Category14.481.6810.680.387.78
Benchmark15.541.6412.510.709.67
  • Fund: M&G Strategic Corporate Bond Fund Sterling I Acc
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 09/12/2016
FundCatBmark
YTD6.147.7910.18
3 Years Annualised5.036.107.61
5 Years Annualised5.937.158.19
10 Years Annualised7.075.465.74

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). The Fund invests mainly in investment grade bonds. The Fund may invest in derivatives in pursuit of the fund objective and for the purposes of efficient portfolio management. The Fund may also invest in other assets including collective investment schemes, other transferable securities and other debt instruments (including corporate, high yield and government debt, convertible and preference stocks), cash, and near cash, deposits, warrants and money market instruments.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.030.000.03
Bonds135.5944.5291.07
Cash27.2918.578.73
Other0.180.000.18
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond106.11
Commercial Mortgage Backed9.75
Cash & Equivalents9.23
Asset Backed6.07
Government5.78
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
DecreaseLong Gilt Future Dec16 2016-12-28United Kingdom13.37
Us Long Bond(Cbt) Dec16 2016-12-20United States9.32
Us 10yr Note (Cbt)dec16 2016-12-20United States7.79
New since last portfolioUs 2yr Note (Cbt) Dec16 2016-12-30United States7.72
IncreaseUs 5yr Note (Cbt) Dec16 2016-12-30United States5.35
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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