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M&G Optimal Income Fund I Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Limited
Fund Summary 'The Fund aims to provide a total return to investors based on optimal exposure to income streams in investment markets. The Fund aims to provide a total return to investors through strategic asset allocation and specific stock selection. The Fund will be at least 50% invested in debt instruments, but may also invest in other assets including collective investment schemes, money market instruments, cash, near cash, deposits, equities and derivatives. Derivative instruments may be used for both investment purposes and efficient portfolio management.
SEDOL code B1H0560
ISIN GB00B1H05601
Fund code MEOII
Managers Richard Woolnough
Manager Tenure 13 years
Morningstar Category GBP Cautious Allocation
IMA Sector £ Strategic Bond
Fund Size £3,536 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.9%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.4689
Buy Price £1.4689
Price Change -0.0544%
Price Date 14th June 2019
Yield 2.96%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 8th December 2006
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: 0.289%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +0.55% +4.17% +8.22% -0.60% +4.09% +6.85% +10.19% +9.79% +6.36% +33.65%
Benchmark Performance
(GBP Cautious Allocation)
+1.06% +2.73% +7.71% +0.57% +4.38%
Time Period Cumulative Benchmark Performance
(GBP Cautious Allocation)
Fund Compared to Benchmark
1 day -0.05% -0.02% -0.03%
1 week 0.20% +0.61% -0.40%
1 month -0.11% +1.30% -1.41%
3 months 0.65% +2.37% -1.72%
6 months 3.74% +4.19% -0.44%
1 year 2.12% +2.63% -0.52%
3 years 12.59% +12.28% +0.31%
5 years 15.93% +21.50% -5.57%
10 years 94.66% +89.43% +5.24%
YTD 4.22% +5.05% -0.83%
Since inception 122.40% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
France (Republic Of) 1.75% FRA 3.20%
Germany (Federal Republic Of) 0% DEU 2.81%
Germany (Federal Republic Of) 2% DEU 2.42%
Germany (Federal Republic Of) 1.5% DEU 2.39%
Germany (Federal Republic Of) 0% DEU 2.37%
Germany (Federal Republic Of) 1.75% DEU 2.34%
Germany (Federal Republic Of) 1% DEU 2.33%
Germany (Federal Republic Of) 0% DEU 2.20%
Germany (Federal Republic Of) 0.25% DEU 2.18%
Verizon Communications Inc. 5.25% USA 1.36%
Dividend Date Per share amount Reinvestment Price
1st April 2019 0.0244 £1.4636
1st October 2018 0.0245 £1.4697
3rd April 2018 0.0188 £1.5034
2nd October 2017 0.0229 £1.5109
3rd April 2017 0.0266 £1.4826
3rd October 2016 0.0201 £1.4591