M&G Corporate Bond Fund Sterling A Inc
M&G Investment Funds (3) (Open Ended Investment Company domiciled in United Kingdom)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: Open Ended Investment Company

Objective The fund aims to provide income and capital growth. Core investment: At least 70% of the fund is invested in sterling-denominated bonds issued by companies. Other investments: The fund also invests in government bonds (usually of developed countries), high yield bonds and cash or assets that can be turned into cash quickly. Use of derivatives: Derivatives may be used to invest indirectly in core and other investments. They may also be used to reduce risks and costs and to manage the impact of changes in currency exchange rates on the fund’s investments. Strategy in brief: The fund manager has the freedom to decide which investments to hold in the fund, based on his assessment of a combination of macroeconomic, asset, sector and stock-level factors. Spreading investments across issuers and industries is an essential element of the fund’s strategy and the manager is assisted in his selection of individual bonds by an in-house team of analysts. Glossary terms: Bonds: Loans to governments and companies that pay interest. High yield bonds: Bonds issued by companies considered to be riskier and therefore generally paying a higher level of interest. Derivatives: Financial contracts whose value is derived from other assets. Other information The fund manager has the freedom to decide which investments should be held in the fund. You can buy and sell shares in the fund on any business day. Provided we receive your instructions before 11.30 CET, shares will be bought at that day’s price. If you hold Income shares, any income from the fund may be paid out to you quarterly. If you hold Accumulation shares, any income from the fund will be rolled up into the value of your investment. In addition to the charges set out in the charges section, the fund will incur portfolio transaction costs which are paid from the assets of the fund.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Bronze
Bronze
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 18/09/20200.42
Morningstar categoryGBP Corporate Bond
CurrencyGBP
Distribution statusDistributing
ISINGB0031285678
Inception Date15/04/1994
Minimum initial amount100.00 GBP
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.09% of which 0.40% is paid to MeDirect
Fund management company
AddressM&G Securities Ltd Laurence Pountney Hill, Governors House, London EC4R OHH United Kingdom
Manager NameRichard Woolnough
Manager Start Date27/02/2004
Websitewww.mandg.co.uk
Total Net Assets (mil)3,148.71 GBP (31/08/2020)
UCITSYes
AdministratorSS&C Financial Services Europe Limited

Documents

Prospectus
en 23/03/2020
Annual Report
en 30/06/2019
Semi Annual Report
en 31/12/2019
Morningstar Report
20/09/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in GBP
PeriodAnnualised returnDate
1 year4.48%18/09/2020
3 years4.24%18/09/2020
5 years4.92%18/09/2020
10 years5.60%18/09/2020
Since launch7.12%18/09/2020
Cumulative performance in GBP
Performance
YTD 01/01/20203.51
1 month1.40
3 months2.70
6 months14.03
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-7.12%8.41%--
20193.94%2.57%3.57%0.31%
2018-1.50%-0.59%0.11%-1.06%
20171.72%1.17%0.19%1.83%
20162.67%2.96%5.57%-2.53%
Dividend
Date ex dividendGross dividendPayment Date
02/01/20200.0029/02/2020
02/01/20190.0028/02/2019
02/01/20180.0028/02/2018
03/01/20170.0028/02/2017
04/01/20160.0029/02/2016
02/01/20150.0028/02/2015
02/01/20140.0028/02/2014
02/01/20130.0028/02/2013
03/01/20120.0029/02/2012
04/01/20110.0028/02/2011
04/01/20100.0028/02/2010

Asset Allocation
% Long% Short% Net Assets
Stock0.32%0.00%0.32%
Bond95.66%0.00%95.66%
Cash18.69%16.06%2.63%
Other1.38%0.00%1.38%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
11.036.746.01
Sharpe Ratio
0.220.400.69
Sortino Ratio
0.310.581.06
Positive Months7.0021.0037.00
Negative Months5.0015.0023.00
Worst Month-7.48-7.48-7.48
World Regions
Region%
United Kingdom0.31
Europe - Emerging0.01
Eurozone0.00
Stock Sector Weighting
Sector% of Equity
Industrials0.08
Consumer Cyclical
0.07
Financial Services0.05
Technology0.03
Basic Materials0.03
Consumer Defensive
0.02
Real Estate0.02
Communication Services0.02
Utilities0.00
Top 10 Holdings
HoldingSectorCountry% of Assets
United Kingdom of Great Britain and Northern Ireland 4.25% United Kingdom1.58
United Kingdom of Great Britain and Northern Ireland 3.25% United Kingdom1.44
Lloyds Bank plc 5.12% United Kingdom1.36
Kreditanstalt Fur Wiederaufbau 1.38% Germany1.36
B.A.T. International Finance p.l.c. 2.25% United Kingdom1.14
United Kingdom of Great Britain and Northern Ireland 0.5% United Kingdom1.13
Italy (Republic Of) 6% Italy1.07
Heathrow Funding Limited 6.75% United Kingdom1.04
Microsoft Corporation 2.68% United States1.00
United Kingdom of Great Britain and Northern Ireland 0.12% United Kingdom0.96
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
£
0.42
Closing Price
All key information and documents must be reviewed before being able to Invest.