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M&G European Corporate Bond Fund I Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G
Fund Summary The Fund aims to provide income and capital growth. At least 70% of the Fund is invested in investment grade corporate bonds denominated in any European currency. The Fund may also invest in high yield corporate bonds, government and public securities denominated in any European currency. The Funds exposure to bonds, government and other public securities may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. The Fund may also invest in collective investment schemes, other transferable securities, cash, near cash, other money market instruments, warrants and other derivative instruments which may be denominated in any major global currency. More than 70% of the Fund will be in euro or hedged back to euro.
SEDOL code B76JLK6
ISIN GB00B76JLK62
Fund code MGCUA
Managers Stefan Isaacs
Manager Tenure 12 years
Morningstar Category EUR Corporate Bond
IMA Sector Global Bonds
Fund Size £173 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.66%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £13.9638
Buy Price £13.9638
Price Change +0.2887%
Price Date 17th May 2019
Yield 1.02%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 13th January 2003
Fund Status OPEN
Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. He is co-fund manager of the M&G (Lux) Floating Rate High Yield Solution, launched in August 2017 and the M&G (Lux) Global High Yield ESG Bond Fund on launch in October 2017. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.

3-year Mean Monthly Return: 0.512%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance -0.53% +4.50% +12.59% +6.69% -6.25% +2.41% +11.04% -0.47% +1.12% +17.16%
Benchmark Performance
(EUR Corporate Bond)
-0.79% +3.78% +11.13% +8.01% -6.76%
Time Period Cumulative Benchmark Performance
(EUR Corporate Bond)
Fund Compared to Benchmark
1 day 0.29% +0.32% -0.03%
1 week 1.11% +1.67% -0.56%
1 month 0.87% +1.58% -0.70%
3 months 0.98% +1.94% -0.96%
6 months 1.67% +1.94% -0.27%
1 year 2.28% +2.88% -0.60%
3 years 19.40% +18.36% +1.04%
5 years 19.89% +19.74% +0.16%
10 years 58.15% +54.42% +3.72%
YTD 0.50% +1.06% -0.55%
Since inception 132.89% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Brtfhlfq8 Cds Eur R F 1.00000 DEU 3.95%
Euro BOBL Future June19 DEU 3.18%
Netherlands (Kingdom Of) 0.75% NLD 2.56%
Germany (Federal Republic Of) 1.95% DEU 2.00%
Euro BUND Future June19 DEU 1.95%
Berkshire Hathaway Inc. 1.12% USA 1.77%
Engie 5.95% FRA 1.53%
Brtfhlfh8 Cds Eur R V 03mevent DEU 1.47%
Total S.A. 3.37% FRA 1.44%
UBS AG 4.75% CHE 1.41%
Dividend Date Per share amount Reinvestment Price
1st April 2019 0.0497 £13.6653
2nd January 2019 0.0461 £14.0098
1st October 2018 0.0489 £13.8794
2nd July 2018 0.0506 £13.7619
3rd April 2018 0.0480 £13.7228
2nd January 2018 0.0522 £14.0395