M&G Corporate Bond Class PP GBP Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/01/19
to
31/01/20
31/01/20
to
31/01/21
31/01/21
to
31/01/22
31/01/22
to
31/01/23
31/01/23
to
31/01/24
Fund n/a 4.0% -3.2% -9.6% 4.8%
Sector 10.3% 4.5% -3.5% -10.9% 4.5%
Rank 39/87 62/91 40/93 29/95 42/97
Quartile 2 3 2 2 2

Annualised performance

Annualised
3 Years to
31/01/24
5 Years to
31/01/24
10 Years to
31/01/24
Fund -2.8% n/a n/a
Sector -3.5% 0.7% 2.4%
Rank 32/93 27/87 n/a
Quartile 2 2 n/a

Top 10 Holdings

Stock % Weight
⅝% Treasury Gilt 2050 5.14
KFW 4.875% 03/02/2031 2.84
4¼% Treasury Gilt 2046 2.55
EUROPEAN INVESTMENT BANK 4.875% 16/12/2030 1.62
IMPERIAL BRANDS FINANCE PLC 4.875% 07/06/2032 1.61
AT&T INC 4.375% 14/09/2029 1.48
ROYAL BANK OF CANADA 5.66793% 30/01/2025 1.09
3¾% Treasury Gilt 2052 1.01
SANTANDER UK PLC 5.25% 16/02/2029 0.98
MORGAN STANLEY 5.789% 18/11/2033 0.94
Total 19.27

Fund Aims

The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA £ Corporate Bond Sector over any five-year period.

Fund Manager

Richard Woolnough manager for 19 years and 11 months

Photo of Richard Woolnough Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in economics.

Ben Lord manager for 4 years and 1 months

Photo of Ben Lord Ben Lord joined M&G in 2007 and was appointed fund manager of the M&G Global Corporate Bond Fund from launch in September 2013. He is also fund manager of the M&G UK Inflation Linked Corporate Bond Fund and deputy manager of the M&G European Inflation Linked Corporate Bond Fund, the M&G Strategic Corporate Bond Fund, the M&G Corporate Bond Fund and the M&G Short Dated Corporate Bond Fund. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.

Fund Overview

Mid (23/02/2024) 84.29p
Distribution yield 4.41%
Underlying yield 4.09%
Fund size (30/11/2023) £1289.21m
Number of holdings 349
Entry Charge 0.00%
Ongoing Charges 0.33%
Launch date 15/04/1994

Asset Allocation

pie chart
  International Bonds 49.74%
  UK Corporate Bonds 31.33%
  UK Gilts 9.65%
  Money Market 2.20%
  Cash and Equivalents 0.35%
  Other Assets 6.73%
Portfolio data accurate as at: 30/11/23

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 49.74%
  UK Corporate Bonds 31.33%
  UK Gilts 9.65%
  Money Market 2.20%
  Cash and Equivalents 0.35%
  Other Assets 6.73%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 90.71% - - -
 
Non-Classified 6.73% - - -
 
Cash and Equivalents 2.56% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  UK 40.97%
  Developed Europe - Excl UK 24.24%
  North America 16.16%
  Non-Classified 13.63%
  Cash and Equivalents 2.56%
  Australia & New Zealand 1.42%
  South & Central America 0.82%
  Japan 0.19%

Fixed Interest Currencies

pie chart
  Pound Sterling 81.16%
  Non-Fixed Interest Assets 8.94%
  US Dollar 6.73%
  Euro 2.82%
  Cash 0.35%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 40.97% -
 
United Kingdom - 40.97%
 
Developed Europe - Excl UK 24.24% -
 
France - 8.36%
 
Germany - 4.46%
 
Netherlands - 3.94%
 
Luxembourg - 2.19%
 
Spain - 1.65%
 
Italy - 1.41%
 
Switzerland - 0.88%
 
Ireland - 0.34%
 
Sweden - 0.32%
 
Denmark - 0.28%
 
Finland - 0.26%
 
Belgium - 0.16%
 
North America 16.16% -
 
United States - 13.89%
 
Canada - 2.27%
 
Non-Classified 13.63% -
 
Cash and Equivalents 2.56% -
 
Australia & New Zealand 1.42% -
 
Australia - 1.42%
 
South & Central America 0.82% -
 
Mexico - 0.82%
 
Japan 0.19% -
 
Japan - 0.19%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
16.64%
5Yr - 10Yr Maturity
 
 
40.42%
10Yr - 15Yr Maturity
 
 
12.17%
> 15Yr Maturity
 
 
21.47%
Cash And Equivalents
 
 
2.56%
Unknown Maturity
 
 
6.73%

Fixed Interest Quality Profile

AAA
 
 
11.58%
AA
 
 
14.84%
A
 
 
15.37%
BBB
 
 
44.35%
Sub-Investment Grade
 
 
0.03%
Unknown Quality
 
 
4.54%
Cash and Equivalents
 
 
2.56%
Other Asset Types
 
 
6.73%

Top 10 Holdings

Stock % Weight Sector Country
1 ⅝% Treasury Gilt 2050 5.14% Bonds United Kingdom
2 KFW 4.875% 03/02/2031 2.84% Bonds Germany
3 4¼% Treasury Gilt 2046 2.55% Bonds United Kingdom
4 EUROPEAN INVESTMENT BANK 4.875% 16/12/2030 1.62% Bonds Luxembourg
5 IMPERIAL BRANDS FINANCE PLC 4.875% 07/06/2032 1.61% Bonds United Kingdom
6 AT&T INC 4.375% 14/09/2029 1.48% Bonds United States
7 ROYAL BANK OF CANADA 5.66793% 30/01/2025 1.09% Bonds Canada
8 3¾% Treasury Gilt 2052 1.01% Bonds United Kingdom
9 SANTANDER UK PLC 5.25% 16/02/2029 0.98% Bonds United Kingdom
10 MORGAN STANLEY 5.789% 18/11/2033 0.94% Non-Classified Non-Classified

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code BK7XX68
Mex Code -
Isin Code GB00BK7XX686
Citi Code QGN7

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.33%

Aims and Benchmark

Aims The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA £ Corporate Bond Sector over any five-year period.
Benchmark iBoxx Sterling Corporates GBP
Benchmark Category Target
IA Sector £ Corporate Bond

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £0.25
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Quarterly
Distribution Type Interest
Distribution Payment Basis Net

Ratings

FE Crown Crown Rating of 3

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository The National Westminster Bank plc
Fund Administrator IFDS
Fund Registrar IFDS
Fund Custodian State Street Bank and Trust Company

Group Details

Group name M&G Investments
Group address 10 Fenchurch Avenue London EC3M 5AG United Kingdom
Group telephone 0800 390 390
Dealing telephone 0800 328 3196
Email info@mandg.co.uk
Homepage www.mandg.co.uk
Fax number -

Dealing

Minimum Investment -
Minimum Top Up -
Minimum Regular Saving -
Settlement Period: Buy -
Settlement Period: Sell -
Pricing Basis None
Dealing Decimals -

Important Information

Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.