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M&G European Corporate Bond Class I - Income (GBP)

Sell:1,231.09p Buy:1,231.09p Change: 1.27p (0.10%)
Prices as at 16 April 2021
Sell:1,231.09p
Buy:1,231.09p
Change: 1.27p (0.10%)
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 16 April 2021
Sell:1,231.09p
Buy:1,231.09p
Change: 1.27p (0.10%)
Prices as at 16 April 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 accumulation 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): 0.65%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.65%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 0.75%)
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 0.75%)
Class I - Accumulation (GBP) (Net ongoing charge 0.65%)

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:
Stefan Isaacs
Fund launch date: 13 January 2003
Sector: Global Bonds
Fund size: £80 million
Number of holdings: 293
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

16/04/16 to 16/04/17 16/04/17 to 16/04/18 16/04/18 to 16/04/19 16/04/19 to 16/04/20 16/04/20 to 16/04/21
Annual return 10.91% 4.04% 1.24% 0.39% 5.50%

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 provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the ICE BofAML Euro Corporate Index over any five-year period.

Income Details

Distribution yield : 1.04%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 2 April 2021 2 July 2021 1 October 2021 3 January 2022
Payment date: 31 May 20214 31 August 20214 30 November 20214 28 February 20224

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 March 2021.

Security Weight
EURO-BUND JUN 21 EUR 7.73%
EURO-BOBL JUN 21 EUR 5.59%
GERMANY (FEDERAL REPUBLIC OF) 0.250000% 15/02/2027 2.50%
ROYAL BANK OF CANADA 0.010000% 27/01/2031 0.99%
FRANCE (REPUBLIC OF) 0.250000% 25/11/2026 0.92%
ENGIE SA 5.950000% 16/03/2111 0.90%
UBS GROUP FUNDING SWITZERLAND AG 1.250000% 17/04/2025 0.89%
BANCO SANTANDER SA 0.250000% 19/06/2024 0.89%
JOHNSON & JOHNSON 0.650000% 20/05/2024 0.87%
SILVERBACK FINANCE DAC 0.83%
Sector Weight
Bonds 99.37%
Non-Classified 11.34%
Managed Funds 0.30%
Cash and Equiv. -0.37%
Alternative Trading Strategies -10.63%
Country Weight
United States 20.85%
France 16.21%
United Kingdom 13.47%
Germany 11.32%
Netherlands 10.13%
Spain 4.16%
Luxembourg 3.25%
Ireland 2.96%
Sweden 2.69%
Italy 2.54%

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 16 April 2021. Data provided by Funds Library, correct as at 31 March 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.