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M&G Optimal Income Class I - Accumulation (GBP)

Sell:216.08p Buy:216.08p Change: 0.37p (0.17%)
Prices as at 28 June 2017
Sell:216.08p
Buy:216.08p
Change: 0.37p (0.17%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 28 June 2017
Sell:216.08p
Buy:216.08p
Change: 0.37p (0.17%)
Prices as at 28 June 2017
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.91%
Ongoing saving from HL: 0.05% i
Net ongoing charge: 0.86%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 1.16%)
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 1.16%)
Class I - Income (GBP) (Net ongoing charge 0.86%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Richard Woolnough
Fund launch date: 8 December 2006
Sector: GBP Strategic Bond
Fund size: £19,772 million
Number of holdings: 1088
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

28/06/12 to 28/06/13 28/06/13 to 28/06/14 28/06/14 to 28/06/15 28/06/15 to 28/06/16 28/06/16 to 28/06/17
Annual return 9.99% 9.58% 1.05% 0.42% 10.71%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

This fund is run by an experienced, talented, manager with great flexibility to invest across the fixed interest spectrum and beyond. Richard Woolnough's wider economic and sector views will drive the fund's performance. It might appeal to an investor willing to take higher risk in their fixed interest investments, including...

Read more HL research on this fund

Fund Objective

The fund aims to provide a total return (the combination of income and growth of capital) to investors based on exposure to optimal income streams in investment markets.

Income Details

Distribution yield : 2.29%
Underlying yield : 2.29%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 October 2017 1 April 2018
Payment date: 30 November 20174 31 May 20184

All yields are variable and not guaranteed. Information correct as at 30 April 2017.

Security Weight
Bundesobligation 0.5% 23/02/2018 2.47%
Bundesobligation 0.25% 13/04/2018 2.47%
Bundesrepublik Deutschland 4.25% 04/07/2018 2.35%
Bundesobligation 1% 12/10/2018 2.28%
Bundesrepublik Deutschland Bundesobligat 0.75% 15/04/2018 1.94%
Bundesobligation 0.5% 13/10/2017 1.57%
Deutsche Bundesrepublik Inflation Linked 1.75% 15/04/2020 1.35%
Bundesobligation 1% 22/02/2019 1.15%
Verizon Communications Inc 5.012% 21/08/2054 1.05%
Verizon Communications Inc 4.672% 15/03/2055 0.94%
Sector Weight
Bonds 85.95%
Cash and Equiv. 15.86%
Pharmaceuticals & Biotechnology 1.02%
Automobiles & Parts 0.98%
Media 0.40%
Electricity 0.25%
Chemicals 0.19%
Technology Hardware & Equipment 0.17%
Household Goods & Home Construction 0.07%
Travel & Leisure 0.07%
Country Weight
United States 28.76%
United Kingdom 19.36%
Germany 18.47%
Cash and Equiv. 15.86%
France 7.17%
Netherlands 3.76%
Spain 2.95%
Italy 1.88%
Luxembourg 1.25%
Mexico 0.94%

Prices provided by Morningstar, correct as at 28 June 2017. Data provided by Funds Library, correct as at 31 May 2017.

FundsLibrary

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & 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.