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Aberdeen American Growth  
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M&G Recovery  
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Contact details

ManagerGroupLogo
M&G Group, Laurence Pountney Hill, London, EC4R 0HH
0800 328 3196 (Dealing)
20 7626 4588 (Enquiries)
0870 043 4200 (Fax Number)
0800 328 3191 (IFA Support)
0800 390 390 (Main Number)

info@mandg.co.uk

Fund managers

* Stefan Isaacs30-Sep-2010 to Present
 
view    
James Tomlins»01-Dec-2011 to Present
Jim Leaviss»01-Jul-2007 to 30-Sep-2010
David Fancourt»01-Aug-2000 to 30-Jun-2007
James Gledhill»01-Oct-1998 to 01-Aug-2000


Investment objectives

The Fund is designed to maximise total return (the combination of income and growth of capital) while generating a high level of income.

Key Information

Fund vs sector

  1y 3y
Position 13 / 23 10 / 21
Quartile 3 2

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
n/aS&P Rating
(Qualitative)
FE Crown Rating: 2 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 5.00 8.62
Alpha 0.01 -0.94
Beta 0.99 1.15
Sharpe 0.64 0.38
Info Ratio -0.03 0.00
R2 0.81 0.95
Quartiles:   1  2  3  4   help with ratios
vs. Sterling High Yield»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +6.7+22.4+80.9+13.3+1.2+6.0+39.5
  STERLING HIGH YIELD   +6.2+21.4+96.6+13.7+0.5+8.5+49.3
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G HIGH YIELD CORPORATE BOND I ACC GBP ACC 1188.55 (p) 16-Apr-2014 5.62 0.82% 0ZEE B4Z1M21
pdf M&G HIGH YIELD CORPORATE BOND I INC GBP INC 1095.05 (p) 16-Apr-2014 5.65 0.81% 0ZEF B6ZD1B3
pdf M&G HIGH YIELD CORPORATE BOND R ACC GBP ACC 118.28 (p) 16-Apr-2014 5.28 1.16% 0ZEG B3ZG2Y1
pdf M&G HIGH YIELD CORPORATE BOND R INC GBP INC 109.50 (p) 16-Apr-2014 5.30 1.16% 0ZEH B7K97Y8
pdf M&G HIGH YIELD CORPORATE BOND C HEDGED GR EUR ACC 13.09 (EUR) 16-Apr-2014 5.68 0.84% M2D3 B59GSR6
pdf M&G HIGH YIELD CORPORATE BOND C HEDGED GR USD ACC 13.24 (USD) 16-Apr-2014 5.68 0.84% M2D4 B62CB46
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G HIGH YIELD CORPORATE BOND AH GR INC EUR INC 12.40 (EUR) 16-Apr-2014 5.07 1.46% JD0C B3LTM88
pdf M&G HIGH YIELD CORPORATE BOND BH GR ACC EUR ACC 10.68 (EUR) 16-Apr-2014 4.54 1.97% JD0J B90LG30
pdf M&G HIGH YIELD CORPORATE BOND A HEDGED GR EUR ACC 12.85 (EUR) 16-Apr-2014 5.07 1.44% M2D1 B60QYQ3
pdf M&G HIGH YIELD CORPORATE BOND A HEDGED GR USD ACC 13.01 (USD) 16-Apr-2014 5.09 1.44% M2D2 B60PW55
pdf M&G HIGH YIELD CORPORATE BOND A INC GBP INC 51.83 (p) 16-Apr-2014 5.05 1.41% MY15 3195710
pdf M&G HIGH YIELD CORPORATE BOND A ACC GBP ACC 115.62 (p) 16-Apr-2014 5.04 1.41% MY22 3195721
pdf M&G HIGH YIELD CORPORATE BOND X INC GBP INC 51.85 (p) 16-Apr-2014 5.05 1.41% PK21 3111040
pdf M&G HIGH YIELD CORPORATE BOND X ACC GBP ACC 115.69 (p) 16-Apr-2014 5.04 1.41% PK22 3111051

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,312.9m / $2,204.2m (28-Feb-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch16-Oct-1998
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:00 to 18:00
Minimum initial£ 500
Minimum additional£ 100
Initial charge3.00%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policyJan 01, Feb 01, Mar 01, Apr 01, May 01, Jun 01 (Final), Jul 01, Aug 01, Sep 01, Oct 01, Nov 01, Dec 01
Peer groups
Region Asset Class Investment Focus Sector
Global Fixed Interest Corporate Sterling High Yield
Largest holdings, 31-Mar-2014
Holding (%) Rank Prev Fund factsheet Equity factsheet
TREASURY 2.75% GILT 22/01/15 GBP 7.51 1 (-) - *
1046928 CDS USD R F 5.0 5.02 2 (2) - -
NORTHERN TRUST GLOBAL FUND STERLING E GBP DIS 3.60 3 (-) - -
48520 CDS USD R F 5.0 2.48 4 (4) - -
MATTERHORN MOBILE SA 6.75% BDS 15/05/19 CHF1000 REG S 1.78 5 (6) - -
47280 CDS USD R F 5.0 1.59 6 (7) - -
GERMANY(FEDERAL REPUBLIC) 3.75% BDS 04/01/19 EUR0.01 1.45 7 (8) - -
UPCB FINANCE II LTD 6.375% SNR NTS 01/07/20 EUR1000 REG S 1.34 8 (5) - -
EXOVA 10.5% LN STK 15/10/18 GBP100000 REG S 1.27 9 (9) - -
UNITYMEDIA KABELBW GMBH 9.5% NTS 15/03/21 EUR100000 REG S 1.20 10 (10) - -
Total27.24 
Regional weightings, 28-Feb-2014
Region(%)Rank 
UK26.831 26.83% UK
USA23.332 23.33% USA
Others14.073 14.07% Others
Luxembourg9.924 9.92% Luxembourg
Germany7.175 7.17% Germany
Netherlands5.336 5.33% Netherlands
Italy4.597 4.59% Italy
Money Market3.298 3.29% Money Market
Spain2.759 2.75% Spain
Switzerland2.7210 2.72% Switzerland
Total100.00 
Sector weightings, 28-Feb-2014
Sector(%)Rank 
Banks15.141 15.14% Banks
Industrials14.512 14.51% Industrials
Media11.803 11.80% Media
Consumer Goods11.704 11.70% Consumer Goods
Telecommunications10.985 10.98% Telecommunications
Local Government Bonds10.836 10.83% Local Government Bonds
Services9.667 9.66% Services
Energy4.058 4.05% Energy
Utilities3.789 3.78% Utilities
Cash & Cash Equivalents3.2910 3.29% Cash & Cash Equivalents
Insurance2.9611 2.96% Insurance
Technology1.1312 1.13% Technology
Real Estate0.1713 0.17% Real Estate
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Asset allocation

High yield bonds, 80.24%
80.2400% ofHigh yield bonds
Government bonds, 10.83%
10.8300% ofGovernment bonds
Investment grade bonds, 4.33%
4.3300% ofInvestment grade bonds
Cash, 3.29%
3.2900% ofCash
Unrated non-government bonds, 1.31%
1.3100% ofUnrated non-government bonds

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