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

Sell:119.68p Buy:119.68p Change: 0.56p (0.47%)
Prices as at 11 October 2019
Sell:119.68p
Buy:119.68p
Change: 0.56p (0.47%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 11 October 2019
Sell:119.68p
Buy:119.68p
Change: 0.56p (0.47%)
Prices as at 11 October 2019
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): 1.11%
Ongoing saving from HL: 0.50% i
Net ongoing charge: 0.61%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 0.61%)
Class I - Income (GBP) (Net ongoing charge 0.56%)
Class I - Accumulation (GBP) (Net ongoing charge 0.56%)

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: Inclusive
Manager:
Multiple
Fund launch date: 20 February 2004
Launch price: £0.50
Sector: GBP Corporate Bond
Fund size: £1,607 million
Number of holdings: 393
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: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

11/10/14 to 11/10/15 11/10/15 to 11/10/16 11/10/16 to 11/10/17 11/10/17 to 11/10/18 11/10/18 to 11/10/19
Annual return 0.53% 7.99% 3.33% -1.25% 6.52%

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

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 maximise total return (the combination of income and growth of capital).

Income Details

Distribution yield : 2.37%
Underlying yield : 2.37%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 September 2019 1 December 2019 1 March 2020 1 June 2020
Payment date: 31 October 20194 31 January 20204 30 April 20204 31 July 20204

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 August 2019.

Security Weight
Northern Trust The Sterling Fund Class E 10.25%
WACHOVIA BANK NA 5% 01/08/2023 3.19%
ITALY (REPUBLIC OF) 6% 04/08/2028 2.81%
COMCAST CORPORATION 5% 15/10/2058 2.04%
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 6% 19/03/2114 1.98%
BAT INTL FIN PLC 2% 09/09/2052 1.94%
HEATHROW FUNDING LTD 7% 03/12/2028 1.75%
ENGIE SA 6% 16/03/2111 1.68%
BRITISH TELECOMMUNICATIONS PLC 3% 21/11/2031 1.64%
LEGAL & GEN GRP PLC 6% 27/06/2064 1.63%
Sector Weight
Bonds 155.79%
Travel & Leisure 0.03%
Cash and Equiv. -0.72%
Non-Classified -55.09%
Country Weight
United Kingdom 69.03%
United States 45.65%
France 12.85%
Cash and Equiv. 9.53%
Netherlands 9.28%
Italy 5.74%
Spain 2.18%
Mexico 1.98%
Germany 0.89%
Switzerland 0.78%

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 11 October 2019. Data provided by Funds Library, correct as at 31 August 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.