M&G European Corporate Bond Fund Sterling I Acc

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Performance History31/08/2021
Growth of 1,000 (GBP) Advanced Graph
M&G European Corporate Bond Fund Sterling I Acc
Fund7.2-0.8-0.29.0-4.5
+/-Cat0.70.30.21.1-0.6
+/-B’mrk0.7-0.6-0.40.4-0.6
 
Key Stats
NAV
22/09/2021
 GBX 1443.04
Day Change 0.31%
Morningstar Category™ EUR Corporate Bond
IA (formerly IMA) Sector EUR Corporate Bond
ISIN GB00B76JLK62
Fund Size (Mil)
22/09/2021
 GBP 72.86
Share Class Size (Mil)
22/09/2021
 GBP 22.62
Max Initial Charge -
Ongoing Charge
30/06/2021
  0.54%
Morningstar Research
Analyst Report

The M&G European Corporate Bond strategy has a straightforward process that relies on the experience and top-down views of the portfolio manager. A significant reduction in the fee level for the clean I share classes to 35 basis points removes a...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAbove Average
ParentAverage
ProcessAbove Average
Performance
Price
Investment Objective: M&G European Corporate Bond Fund Sterling I Acc
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. At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any European currency.
Returns
Trailing Returns (GBP)22/09/2021
YTD-4.55
3 Years Annualised1.16
5 Years Annualised1.76
10 Years Annualised*3.59
12 Month Yield 0.84
Management
Manager Name
Start Date
Stefan Isaacs
30/03/2007
Inception Date
03/08/2012
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA Euro Corporate TR EURBloomberg Euro Corp TR EUR
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  M&G European Corporate Bond Fund Sterling I Acc31/08/2021
Fixed Income
Effective Maturity-
Effective Duration5.14
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond93.930.0093.93
Property0.000.000.00
Cash6.554.731.82
Other4.250.004.25

Related

* This share class has performance data calculated prior to the inception date, 2012-08-03. This is based upon a simulated/extended track record, using the track record of M&G European Corporate Bond GBP A Acc (ISIN: GB0032178633), and is in accordance with Morningstar’s Extended Performance Methodology paper. To find out more about this, click here.
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)
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