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

Sell:1,131.45p Buy:1,131.45p Change: 0.65p (0.06%)
Prices as at 15 October 2021
Sell:1,131.45p
Buy:1,131.45p
Change: 0.65p (0.06%)
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 15 October 2021
Sell:1,131.45p
Buy:1,131.45p
Change: 0.65p (0.06%)
Prices as at 15 October 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): 0.41%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.41%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 0.41%)
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 0.41%)
Class I - Accumulation (GBP) (Net ongoing charge 0.41%)

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: 20 February 2004
Sector: GBP Corporate Bond
Fund size: £1,927 million
Number of holdings: 330
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: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

15/10/16 to 15/10/17 15/10/17 to 15/10/18 15/10/18 to 15/10/19 15/10/19 to 15/10/20 15/10/20 to 15/10/21
Annual return 4.41% -0.44% 7.21% 4.64% 3.30%

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.

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Our view on this fund

HL Research

Richard Woolnough is a seasoned bond investor with a good track record. We like his pragmatic approach and willingness to be as flexible as possible. He typically errs on the side of caution and this more defensive approach has seen the fund perform well versus other corporate bond funds in...

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 the average of the IA £ Corporate Bond Sector, over any five-year period.

Income Details

Distribution yield : 2.42%
Underlying yield : 2.01%
Income paid: Quarterly
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: date unavailable.

Security Weight
4¼% Treasury Stock 2032 3.47%
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 5.625000% 19/03/2114 1.64%
EUROPEAN INVESTMENT BANK 1.049000% 18/01/2027 1.63%
BAT INTL FIN PLC 2.250000% 09/09/2052 1.58%
IMPERIAL BRANDS FINANCE PLC 4.875000% 07/06/2032 1.45%
SHELL INTERNATIONAL FINANCE BV 1.750000% 10/09/2052 1.39%
AXA SA 5.625000% 16/01/2054 1.39%
Northern Trust The Sterling Fund Class E 1.36%
LEGAL & GEN GRP PLC 5.500000% 27/06/2064 1.31%
ENGIE SA 5.950000% 16/03/2111 1.27%
Sector Weight
Bonds 96.48%
Alternative Trading Strategies 9.31%
Travel & Leisure 0.00%
Cash and Equiv. -0.54%
Non-Classified -5.25%
Country Weight
United Kingdom 44.28%
United States 18.32%
France 9.09%
Non-Classified 8.17%
Netherlands 4.95%
Luxembourg 2.53%
Canada 2.44%
Mexico 1.90%
Germany 1.78%
Spain 1.13%

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 15 October 2021. Data provided by Funds Library, correct as at 30 September 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.