M&G Strategic 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 | 20-02-2004 |
| Launch price | £0.50 |
| Sector | GBP Corporate Bond |
| Fund size | £4,191 million |
| Number of holdings | 722 |
| 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 for details of charges and savings, and Simplified Prospectus/Key Investor Information Document, where available.
HL research - our view on this fund
Richard Woolnough believes economic growth is likely to remain anaemic, but that interest rates will remain low for some time, which should be supportive of corporate bonds. He has also been increasing exposure to government bonds in Germany, the UK and Norway, which should offer some insulation from further euro zone volatility. The fund has minimal exposure to peripheral euro zone sovereign debt, which has been beneficial.
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 | 4.05% |
|---|---|
| Underlying yield | 4.05% |
| 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 | 01 March 2012 |
|---|---|
| Payment date 4 | 30 April 2012 |
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Top 10 holdings
| 2½% Index-linked Treasury Stock 2013 | 3.38% |
|---|---|
| US TREASURY N/B | 1.81% |
| DEUTSCHE TELEKOM INT FIN | 1.09% |
| IMPERIAL TOBACCO FINANCE | 0.99% |
| ELECTRICITE DE FRANCE | 0.98% |
| AMGEN INC | 0.87% |
| BG ENERGY CAPITAL PLC | 0.86% |
| ROCHE HLDGS INC | 0.84% |
| 2½% Index-linked Treasury Stock 2016 | 0.83% |
| VIRGIN MEDIA SECURED FIN | 0.82% |
Top 10 sectors
| Bonds | 98.86% |
|---|---|
| Managed Funds | 0.78% |
| Cash and Equiv. | 0.19% |
| Non-Classified | 0.17% |
Top 10 countries
| United Kingdom | 49.16% |
|---|---|
| United States | 20.06% |
| Netherlands | 7.51% |
| France | 7.01% |
| Non-Classified | 3.46% |
| Germany | 2.74% |
| Spain | 1.62% |
| Luxembourg | 1.02% |
| Ireland | 1.00% |
| Belgium | 0.94% |
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 03-02-2012. Data as at 31/12/2011.
