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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

The fund aims to provide a combination of capital growth and income, net of the Ongoing Charge Figure, higher than the average return of the IA £ Corporate Bond Sector over any five-year period. Core investment: At least 70% of the fund is invested, directly or through derivatives, in investment grade bonds and investment grade asset-backed securities, issued by companies from anywhere in the world, including emerging markets. These bonds are denominated in Sterling or hedged back to Sterling. Other investments: The fund may invest in government bonds, high yield bonds, high yield asset-backed securities, other funds (including funds managed by M&G) and cash or assets that can be turned into cash quickly. Investments in asset-backed securities are limited to 20% of the fund. Derivatives: The fund may invest via derivatives and use derivatives to reduce the risks and costs of managing the fund. Strategy in brief: The fund manager selects investments based on an assessment of macroeconomic, asset, sector and stock-level factors. Spreading investments across issuers and industries is an essential element of the strategy. Benchmark: IA £ Corporate Bond Sector The benchmark is a target which the Fund seeks to outperform. The sector has been chosen as the benchmark as the fund is a constituent of the sector. The benchmark is used solely to measure the fund’s performance and does not constraint portfolio construction. The fund is actively managed. The fund manager has complete freedom in choosing which investments to buy, hold and sell in the fund. The benchmark is shown in the share class currency. You can find more information about the fund in the Prospectus. You can find an explanation of some of the terms used in this document in the glossary at https://docs.mandg.com/docs/glossary-master-en.pdf The following information can be found on the M&G website: ■ an explanation of some terms used in this document: https://docs.mandg.com/ docs/glossary-master-en.pdf ■ the Prospectus including the fund’s objective and investment policy. Other information You can buy and sell shares in the fund on any business day. Instructions received before 11.30 CET will be dealt at that day’s price. Any income from the fund may be paid out to you quarterly. 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. Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Bronze
Bronze
Risk and reward profile
4
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 23/06/20210.41
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 charge0.79% of which 0.50% is paid to MeDirect
Fund management company
AddressM&G Securities Ltd 10 Fenchurch Avenue London EC3M 5AG United Kingdom
Manager NameRichard Woolnough
Manager Start Date27/02/2004
Websitewww.mandg.co.uk
Total Net Assets (mil)2,746.63 GBP (31/05/2021)
UCITSYes
AdministratorSS&C Financial Services Europe Limited

Documents

Prospectus
en 19/04/2021
Annual Report
en 30/06/2020
Semi Annual Report
en 31/12/2020
Morningstar Report
24/06/2021

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 year-
3 years-
5 years-
10 years-
Since launch-
Cumulative performance in GBP
Performance
YTD 01/01/2021-
1 month-
3 months-
6 months-
Quarterly Returns
Q 1Q 2Q 3Q 4
2021-2.82%---
2020-7.12%8.41%1.33%3.38%
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%
Dividend
Date ex dividendGross dividendPayment Date
04/01/20210.0026/02/2021
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

Analysis

Asset Allocation
% Long% Short% Net Assets
Stock0.36%0.00%0.36%
Bond93.71%0.04%93.66%
Cash18.03%13.90%4.14%
Other1.84%0.00%1.84%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
4.506.906.07
Sharpe Ratio
0.920.510.58
Sortino Ratio
1.530.720.87
Positive Months9.0024.0038.00
Negative Months3.0012.0022.00
Worst Month-2.33-7.48-7.48
World Regions
Region%
United Kingdom0.35
Europe - Emerging0.01
Eurozone0.00
Asia - Developed0.00
Stock Sector Weighting
Sector% of Equity
Consumer Cyclical
0.10
Industrials0.08
Financial Services0.04
Technology0.04
Consumer Defensive
0.03
Basic Materials0.03
Communication Services0.02
Real Estate0.01
Utilities0.00
Healthcare0.00
Top 10 Holdings
HoldingSectorCountry% of Assets
Kreditanstalt Fur Wiederaufbau 1.38% Germany1.52
B.A.T. International Finance p.l.c. 2.25% United Kingdom1.34
Imperial Brands Finance Plc 4.88% United Kingdom1.33
United Kingdom of Great Britain and Northern Ireland 0.5% United Kingdom1.29
United Kingdom of Great Britain and Northern Ireland 3.25% United Kingdom1.27
United Kingdom of Great Britain and Northern Ireland 0.12% United Kingdom1.10
Volkswagen International Finance N.V. 4.12% Germany0.95
Engie 5.95% France0.92
Tesco Property Finance 3 Plc 5.74% United Kingdom0.92
Legal & General Group plc 5.5% United Kingdom0.92
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
£
0.41
Closing Price
All key information and documents must be reviewed before being able to Invest.

© 2021 MeDirect Bank (Malta) plc. All rights reserved.
MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.