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M&G Corporate Bond Fund I Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Limited
Fund Summary The Fund aims to provide income and capital growth. At least 70% of the Fund is invested in sterling-denominated corporate debt instruments. The Funds exposure to corporate debt may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. Any currency exposures within the Fund may be managed by currency hedges into sterling. The Fund may also invest in collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash, near cash, other money market securities, warrants and other derivative instruments.
SEDOL code B1YBRL5
ISIN GB00B1YBRL59
Fund code MGCPA
Managers Richard Woolnough
Manager Tenure 15 years
Morningstar Category GBP Corporate Bond
IMA Sector £ Corporate Bond
Fund Size £3,546 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.65%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £0.7845
Buy Price £0.7845
Price Change -0.3936%
Price Date 19th August 2019
Yield 2.95%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 15th April 1994
Fund Status OPEN
Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in economics.

3-year Mean Monthly Return: 0.280%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +6.13% +0.40% +5.90% +6.72% +4.56% +6.72% +5.38% +10.28% +5.38% +15.74%
Benchmark Performance
(GBP Corporate Bond)
+6.36% -0.07% +6.97% +7.06% +4.42%
Time Period Cumulative Benchmark Performance
(GBP Corporate Bond)
Fund Compared to Benchmark
1 day -0.18% +0.03% -0.21%
1 week 0.14% +0.43% -0.29%
1 month 1.48% +1.50% -0.02%
3 months 4.51% +2.87% +1.64%
6 months 7.17% +5.60% +1.57%
1 year 7.71% +5.36% +2.35%
3 years 9.13% +12.87% -3.74%
5 years 27.36% +26.63% +0.73%
10 years 84.88% +104.74% -19.86%
YTD 9.54% +5.79% +3.75%
Since inception 382.30% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Italy (Republic Of) 6% ITA 1.81%
AT&T Inc 4.88% USA 1.74%
Wells Fargo Bank, National Association 5.25% USA 1.64%
Lloyds Bank plc 5.12% GBR 1.49%
Microsoft Corporation 4.75% USA 1.26%
Heathrow Funding Limited 6.75% GBR 1.21%
Wells Fargo & Company 2% USA 1.16%
Tesco Property Finance 3 Plc 5.74% GBR 1.14%
Bank of America Corporation 2.3% USA 1.08%
Orange S.A. 8.12% FRA 1.06%
Dividend Date Per share amount Reinvestment Price
1st July 2019 0.0058 £0.7698
1st April 2019 0.0054 £0.7492
2nd January 2019 0.0057 £0.7223
1st October 2018 0.0052 £0.7242
2nd July 2018 0.0055 £0.7240
3rd April 2018 0.0053 £0.7286