M&G Corporate Bond Class X Accumulation
Also available as income units
Overview
| Fund manager's initial charge | 0.00% |
|---|---|
| HL initial saving | 0.00% |
| Net initial charge | 0.00% |
| Dealing charge | Free |
| Fund manager's annual charge | 1.25% |
| Performance charges | No |
| Total Expense Ratio | 1.41% |
| HL annual saving | 0.125% 2 |
| Platform fee | Free |
| Launch date | 15-04-1994 |
| Launch price | £0.25 |
| Sector | GBP Corporate Bond |
| Fund size | £5,412 million |
| Number of holdings | 742 |
| Fund type | OEIC |
| Type of units | Accumulation |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above.
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Before you invest please read the key features and Simplified Prospectus/Key Investor Information Document for more details.
HL research - our view on this fund
We hold Richard Woolnough in high regard. He is currently negative on bonds issued by banks, a stance that has paid off as the euro zone crisis escalated during the third quarter of 2011.
About the Fund Manager
Richard Woolnough
Located in: London
Richard Woolnough joined M&G in January 2004. He is a fund manager on the M&G retail fixed interest team. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian Bank Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he was recruited by Old Mutual to manage a £550 million investment grade corporate bond portfolio. In 2000, he assumed responsibility for a new fund - the Old Mutual Corporate Bond Fund. Richard graduated from the London School of Economics with a BSc in economics.
Income details
| Distribution yield | 3.61% |
|---|---|
| Underlying yield | 3.61% |
| Income paid | Quarterly |
| Type of payment | Interest |
| Yield calculation basis | Effective |
| Charges deducted from | Income |
All yields are variable and not guaranteed. Information as at 31-12-2011.
Distribution dates
| Ex-dividend date | 04 January 2012 |
|---|---|
| Payment date 4 | 28 February 2012 |
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Top 10 holdings
| 2½% Index-linked Treasury Stock 2013 | 3.67% |
|---|---|
| 8% Treasury Stock 2021 | 2.55% |
| US TREASURY N/B | 1.89% |
| 2½% Index-linked Treasury Stock 2016 | 1.82% |
| DEUTSCHE TELEKOM INT FIN | 0.98% |
| VODAFONE GROUP PLC | 0.95% |
| ELECTRICITE DE FRANCE | 0.95% |
| IMPERIAL TOBACCO FINANCE | 0.83% |
| WAL MART STORES INC | 0.79% |
| ELECTRICITE DE FRANCE | 0.77% |
Top 10 sectors
| Bonds | 99.36% |
|---|---|
| Managed Funds | 0.42% |
| Non-Classified | 0.16% |
| Cash and Equiv. | 0.06% |
Top 10 countries
| United Kingdom | 57.52% |
|---|---|
| United States | 15.73% |
| France | 6.88% |
| Netherlands | 5.90% |
| Non-Classified | 3.39% |
| Germany | 2.06% |
| Ireland | 1.11% |
| Luxembourg | 1.00% |
| Spain | 0.96% |
| Canada | 0.81% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving is not available in the SIPP or Junior ISA.
4 If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Prices as at 21-02-2012. Data as at 31/12/2011.
