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M&G Absolute Return Bond Fund I Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Securities Ltd
Fund Summary The Fund targets a combined income and capital growth of at least three-month GBP LIBOR plus 2.5% a year over any three year period, before any charges and in any market conditions. Three-month GBP LIBOR is the rate at which banks borrow money from each other.The Fund aims to achieve this while seeking to minimise the degree to which the value of the Fund fluctuates over time, and also seeking to limit monthly losses. Managing the Fund in this way reduces its ability to achieve returns significantly above threemonth GBP LIBOR plus 2.5%.There is no guarantee that the Fund will achieve a positive return over any period, and investors may not get back the original amount they invested.
Fund code MGRII
Managers Wolfgang Bauer, Jim Leaviss
Manager Tenure 4 years
Morningstar Category Alt - Long/Short Credit
IMA Sector Targeted Absolute Return
Fund Size £50 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.6%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.0045
Buy Price £1.0045
Price Change -0.0497%
Price Date 12th August 2020
Yield 2.82%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 6th February 2017
Fund Status OPEN
Wolfgang Bauer is fund manager of the M&G (Lux) European Inflation Linked Corporate Bond Fund and co-manager of the M&G (Lux) Absolute Return Bond Fund and the UK-authorised M&G Absolute Return Bond Fund. He is also deputy fund manager of the M&G Global Corporate Bond Fund and the M&G European Corporate Bond Fund. In January 2018, he was appointed deputy fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Wolfgang joined M&G in 2012 as part of the Investment Graduate Programme. He joined the M&G Retail Fixed Interest team from the Real Estate Finance team in January 2014, focusing on US investment grade credit. Wolfgang gained a PhD in chemistry from the University of Cambridge and also holds the Investment Management Certificate (IMC) and is a CFA and CAIA charterholder.

3-year Mean Monthly Return: 0.186%

Annual Returns 2019 2018 2017
Fund Performance +1.03% +4.77% +0.14%
Benchmark Performance
(Alt - Long/Short Credit)
Time Period Cumulative Benchmark Performance
(Alt - Long/Short Credit)
Fund Compared to Benchmark
1 day -0.05% Currently unavailable Currently unavailable
1 week 0.63% Currently unavailable Currently unavailable
1 month 0.90% Currently unavailable Currently unavailable
3 months 4.32% Currently unavailable Currently unavailable
6 months -1.35% Currently unavailable Currently unavailable
1 year 0.93% Currently unavailable Currently unavailable
3 years 2.21% Currently unavailable Currently unavailable
5 years Currently unavailable Currently unavailable Currently unavailable
10 years Currently unavailable Currently unavailable Currently unavailable
YTD -0.47% Currently unavailable Currently unavailable
Since inception 2.53% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Japan (Government Of) 0.1% JPN 1.41%
Exxon Mobil Corporation 0.14% USA 1.36%
Northern Trust Global Sterling E IRL 1.17%
Australia (Commonwealth of) 1.75% AUS 1.09%
Paragon Mortgages No. 13 plc 0.02% GBR 1.08%
Deutsche Bahn Finance GmbH Berlin 0.38% DEU 0.92%
Morgan Stanley 0.8% USA 0.92%
McDonald's Corporation 3.62% USA 0.91%
SES S.A. 4.62% LUX 0.90%
Avoca CLO XVII Designated Activity Company 0.96% IRL 0.89%
Dividend Date Per share amount Reinvestment Price
1st April 2020 0.0175 £0.9382
1st October 2019 0.0128 £1.0159
1st April 2019 0.0158 £0.9936
1st October 2018 0.0138 £0.9904
3rd April 2018 0.0122 £1.0042
2nd October 2017 0.0095 £1.0122