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M&G Absolute Return Bond Class I - Accumulation (GBP)

Sell:111.99p Buy:111.99p Change: 0.15p (0.13%)
Prices as at 3 December 2021
Sell:111.99p
Buy:111.99p
Change: 0.15p (0.13%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 3 December 2021
Sell:111.99p
Buy:111.99p
Change: 0.15p (0.13%)
Prices as at 3 December 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and 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): 0.45%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.45%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.45%)

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:
Multiple
Fund launch date: 13 December 2016
Sector: Targeted Absolute Return
Fund size: £21 million
Number of holdings: 211
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: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

03/12/16 to 03/12/17 03/12/17 to 03/12/18 03/12/18 to 03/12/19 03/12/19 to 03/12/20 03/12/20 to 03/12/21
Annual return n/a -1.13% 7.41% 2.33% -0.05%

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

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The Fund aims to achieve a total return (the combination of income and capital growth) of at least 2.5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, in any market conditions and over any three year period. The Fund aims to achieve this while seeking to minimise the degree to which the value of the Fund fluctuates over time (volatility), while also seeking to limit monthly losses. Managing the Fund in this way reduces its ability to achieve returns significantly above SONIA plus 2.5%. There is no guarantee that the Fund will achieve a positive return over three years, or any other period, and investors may not get back the original amount they invested.

Income Details

Distribution yield : 1.69%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date:
Payment date:

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 October 2021.

Security Weight
JAPAN (GOVERNMENT OF) 0.100000% 10/03/2029 2.80%
MALAYSIA (GOVERNMENT) 3.882000% 10/03/2022 2.03%
AUSTRALIA (COMMONWEALTH OF) 1.750000% 21/06/2051 1.93%
GOLDMAN SACHS GROUP INC/THE 0.454000% 23/09/2027 1.64%
BANK OF AMERICA CORP 0.455000% 22/09/2026 1.63%
SKY AVIATION LEASING SJETS_17-1 3.967000% 15/08/2042 1.62%
Northern Trust The Sterling Fund Class E 1.59%
BANCO DE SABADELL SA 0.875000% 16/06/2028 1.56%
PETROLEOS MEXICANOS 3.750000% 16/11/2025 1.43%
ECONOMIC MASTER ISSUER PLC 0.520000% 25/06/2072 1.43%
Sector Weight
Bonds 91.12%
Alternative Trading Strategies 45.36%
Cash and Equiv. 3.26%
Non-Classified -39.74%
Country Weight
United States 20.67%
United Kingdom 14.10%
Germany 7.77%
France 7.13%
Luxembourg 6.46%
Non-Classified 6.44%
Cash and Equiv. 4.84%
Netherlands 4.29%
Mexico 4.08%
Japan 2.80%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 3 December 2021. Data provided by Funds Library, correct as at 31 October 2021.

FundsLibrary
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

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.