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M&G Strategic Corporate Bond Class I - Accumulation (GBP)

Sell:1,285.13p Buy:1,285.13p Change: 4.81p (0.37%)
Prices as at 28 June 2017
Sell:1,285.13p
Buy:1,285.13p
Change: 4.81p (0.37%)
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:1,285.13p
Buy:1,285.13p
Change: 4.81p (0.37%)
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): 0.66%
Ongoing saving from HL: 0.05% i
Net ongoing charge: 0.61%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 0.91%)
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 0.91%)
Class I - Income (GBP) (Net ongoing charge 0.61%)

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: 20 February 2004
Sector: GBP Corporate Bond
Fund size: £3,656 million
Number of holdings: 516
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 6.00% 7.60% 3.13% 4.50% 7.88%

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

We believe this is a prime choice for exposure to corporate bonds. The fund is managed by a highly experienced and capable manager, supported by a quality team of bond specialists. It has tended to perform particularly well versus its peers in tougher times for bond markets, though may look...

Read more HL research on this fund

Fund Objective

The Fund aims to maximise total return (the combination of income and growth of capital).

Income Details

Distribution yield : 3.02%
Underlying yield : 3.02%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 June 2017 1 September 2017 1 December 2017 1 March 2018
Payment date: 31 July 20174 31 October 20174 31 January 20184 30 April 20184

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

Security Weight
Wells Fargo Bank NA 5.25% 01/08/2023 1.68%
Lloyds Bank PLC 5.125% 07/03/2025 1.06%
Heathrow Funding Ltd 6.75% 03/12/2026 1.00%
Microsoft Corp 4% 12/02/2055 0.96%
Verizon Communications Inc 5.012% 21/08/2054 0.84%
Republic of Italy Government Internation 6% 04/08/2028 0.84%
Apple Inc 3.05% 31/07/2029 0.83%
Time Warner Cable LLC 5.25% 15/07/2042 0.82%
JPMorgan Chase & Co 3.5% 18/12/2026 0.82%
Tesco Property Finance 5 PLC 5.6611% 23/03/2034 0.76%
Sector Weight
Bonds 94.21%
Cash and Equiv. 8.55%
Travel & Leisure 0.02%
Non-Classified -2.78%
Country Weight
United Kingdom 42.51%
United States 28.35%
Cash and Equiv. 8.55%
France 8.00%
Netherlands 3.92%
Germany 1.98%
Italy 1.98%
Spain 1.65%
Belgium 1.17%
Mexico 0.88%

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.