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

Sell:77.67p Buy:77.67p Change: 0.07p (0.09%)
Prices as at 29 July 2021
Sell:77.67p
Buy:77.67p
Change: 0.07p (0.09%)
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 29 July 2021
Sell:77.67p
Buy:77.67p
Change: 0.07p (0.09%)
Prices as at 29 July 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): 0.81%
Ongoing saving from HL: 0.40% i
Net ongoing charge: 0.41%
There are other unit types of this fund available:
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 0.41%)
Class I - Income (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: Inclusive
Manager:
Multiple
Fund launch date: 20 February 2004
Launch price: £0.50
Sector: GBP Corporate Bond
Fund size: £1,993 million
Number of holdings: 326
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

29/07/16 to 29/07/17 29/07/17 to 29/07/18 29/07/18 to 29/07/19 29/07/19 to 29/07/20 29/07/20 to 29/07/21
Annual return 3.87% -0.13% 6.33% 3.25% 4.95%

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 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 : 1.61%
Underlying yield : 1.61%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 June 2021 1 September 2021 1 December 2021 1 March 2022
Payment date: 31 July 20214 31 October 20214 31 January 20224 30 April 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 30 June 2021.

Security Weight
Northern Trust The Sterling Fund Class E 5.80%
EUROPEAN INVESTMENT BANK 1.050200% 18/01/2027 1.58%
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 5.625000% 19/03/2114 1.55%
BAT INTL FIN PLC 2.250000% 09/09/2052 1.49%
LEGAL & GEN GRP PLC 5.500000% 27/06/2064 1.46%
SHELL INTERNATIONAL FINANCE BV 1.750000% 10/09/2052 1.41%
IMPERIAL BRANDS FINANCE PLC 4.875000% 07/06/2032 1.40%
AXA SA 5.625000% 16/01/2054 1.36%
EUROPEAN INVESTMENT BANK 3.750000% 07/12/2027 1.21%
ENGIE SA 5.950000% 16/03/2111 1.21%
Sector Weight
Bonds 90.02%
Alternative Trading Strategies 10.58%
Cash and Equiv. 0.10%
Travel & Leisure 0.00%
Non-Classified -0.70%
Country Weight
United Kingdom 40.25%
United States 17.84%
France 9.43%
Non-Classified 7.68%
Cash and Equiv. 5.90%
Netherlands 4.76%
Luxembourg 3.66%
Germany 2.15%
Canada 1.87%
Mexico 1.82%

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 29 July 2021. Data provided by Funds Library, correct as at 30 June 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.