To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

When investing in a UK Equity Income fund, do you buy income or accumulation shares?

Income shares
Accumulation shares


You are here: Factsheet

Contact details

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)

Fund managers

* Matthew Russell01-Sep-2013 to Present
Ben Lord»01-Sep-2013 to Present
Ben Lord»30-Jan-2009 to 31-Aug-2013
Matthew Russell»01-Aug-2011 to 31-Aug-2013
Jim Leaviss»01-Feb-2009 to 01-Aug-2011
Jim Leaviss»01-Nov-2004 to 31-Jan-2009
Kate Jones»30-Apr-2002 to 30-Nov-2004
David Knee»01-Aug-2000 to 30-Apr-2002
Theodora Zemek»31-Dec-1999 to 30-Sep-2000
Karen Howard»01-Jun-1998 to 31-Dec-1999

Investment objectives

The Fund aims to provide income with stability of capital over a rolling three to five year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall and investors may not recoup the original amount they invested.

Key Information

Fund vs sector

  1y 3y
Position 100 / 103 89 / 91
Quartile 4 4

Fund ratings

FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 0.98 1.05
Alpha 1.97 1.67
Beta 0.15 0.15
Sharpe 0.00 0.00
Info Ratio -0.99 -1.03
R2 0.34 0.43
Quartiles:   1  2  3  4   help with ratios
vs. Sterling Corporate Bond»
performance chart
INC +1.9+7.6+9.2+2.7+2.8+0.5+1.0
  STERLING CORPORATE BOND   +5.2+21.7+36.0+3.6+11.7+2.0+9.6
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G SHORT DATED CORPORATE BOND I GBP INC 1020.59 (p) 31-Oct-2014 2.27 0.56% GTBO B8JXBQ8
pdf M&G SHORT DATED CORPORATE BOND CH ACC EUR ACC 10.31 (EUR) 31-Oct-2014 2.27 0.59% JD0R B8G0247
pdf M&G SHORT DATED CORPORATE BOND CH INC EUR INC 10.09 (EUR) 31-Oct-2014 2.29 0.57% JD0S B950HT5
pdf M&G SHORT DATED CORPORATE BOND CH ACC USD ACC 10.34 (USD) 31-Oct-2014 2.21 0.61% JD0T B90TG78
pdf M&G SHORT DATED CORPORATE BOND CH ACC CHF ACC 10.30 (CHF) 31-Oct-2014 2.26 0.60% JD0U B9FBYY2
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G SHORT DATED CORPORATE BOND AH ACC EUR ACC 10.24 (EUR) 31-Oct-2014 1.75 1.10% JD0N B94FL99
pdf M&G SHORT DATED CORPORATE BOND AH INC EUR INC 10.08 (EUR) 31-Oct-2014 1.77 1.08% JD0O B93LP18
pdf M&G SHORT DATED CORPORATE BOND AH ACC USD ACC 10.27 (USD) 31-Oct-2014 1.74 1.08% JD0P B80R631
pdf M&G SHORT DATED CORPORATE BOND AH ACC CHF ACC 10.24 (CHF) 31-Oct-2014 1.76 1.09% JD0Q B8DJQB2
pdf M&G SHORT DATED CORPORATE BOND A INC GBP INC 25.45 (p) 31-Oct-2014 2.17 0.66% MA78 3111039

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£412.4m / $659.1m (30-Sep-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch29-Jan-1993
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 500
Minimum additional£ 100
Initial charge0.00%
Annual management charge0.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyMar 01, Jun 01 (Final), Sep 01, Dec 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Fixed Interest Corporate Sterling Corporate Bond
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
TREASURY 4% GILT 7/09/2016 6.94 1 - *
TREASURY 8 3/4% GILT 2017 3.24 2 - *
TREASURY 2% GILT 22/01/16 GBP0.01 3.21 3 - *
TESCO 4% IDX LKD NOTES 8/9/16 GBP(VAR) 1.80 5 - -
CPUK FINANCE LTD 4.811% BDS 28/02/42 GBP1000 1.49 6 - -
PETROLEOS MEXICANOS FRN 18/07/18 USD1000 1.41 7 - -
KRAFT FOODS INC 5.375% NTS 11/12/14 GBP50000 1.35 8 - -
SSE PLC CAP SECS PERP USD200000 1.33 9 - -
UBM PLC 6.5% BDS 23/11/16 GBP50000 1.32 10 - -
Regional weightings, 30-Sep-2014
UK50.681 50.68% UK
US19.682 19.68% US
Other7.303 7.30% Other
Italy6.654 6.65% Italy
Mexico3.405 3.40% Mexico
Germany3.146 3.14% Germany
Netherlands3.097 3.09% Netherlands
Ireland2.698 2.69% Ireland
Switzerland1.979 1.97% Switzerland
Cash1.4010 1.40% Cash
Sector weightings, 30-Sep-2014
Securitised27.841 27.84% Securitised
Banking21.822 21.82% Banking
Sovereign13.443 13.44% Sovereign
Consumer11.084 11.08% Consumer
Insurance5.515 5.51% Insurance
Utility3.936 3.93% Utility
Services3.157 3.15% Services
Media2.898 2.89% Media
Energy2.599 2.59% Energy
Telecommunications2.5710 2.57% Telecommunications
Industrials2.4511 2.45% Industrials
Cash1.4012 1.40% Cash
Technology1.1313 1.13% Technology
Real Estate0.2014 0.20% Real Estate

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.

Add your comment
Reload Change mode
Enter the words above:
Send comment
Be the first to comment on this Factsheet.

Investment options

pdf View & print PDF Factsheet
mail Email factsheet to a friend
life Click here for M&G Short Dated Corporate Bond life wrappers
pension Click here for M&G Short Dated Corporate Bond pension wrappers


Latest Fundswire  

Buy this fund here

You can now buy & sell funds and shares at our new sister-site at highly competitive rates

Asset allocation

Fixed rate bonds, 53.83%
53.8300% ofFixed rate bonds
Floating rate notes & Cash, 46.17%
46.1700% ofFloating rate notes & Cash

FE Adviser Fund Index

Sector analysis


FE Trustnet portfolio

register   login
Register      Login
Use the plus sign add to portfolio on the left to add this fund to your portfolio