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M&G Short Dated Corporate Bond 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 (the combination of capital growth and income). At least 80% of the Fund is invested in investment grade corporate bonds (including variable rate securities and fixed income securities). The Fund invests in securities which on aggregate produce a low portfolio duration, in order to limit the effect of interest rate movements on the Funds capital value. These securities may be issued anywhere in the world. The Fund aims to hedge non-GBP assets to GBP. Derivatives can be used to meet the Funds investment objective and for efficient portfolio management. The Fund may also invest in other debt securities (including government and public securities denominated in any currency), collective investment schemes, other transferable securities, cash, near cash, other money market securities, warrants, and other derivative instruments.
SEDOL code B8JXBQ8
ISIN GB00B8JXBQ82
Fund code MGDBI
Managers Matthew Russell
Manager Tenure 6 years
Morningstar Category GBP Corporate Bond
IMA Sector £ Corporate Bond
Fund Size £325 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.27%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £10.3248
Buy Price £10.3248
Price Change +0.0455%
Price Date 15th July 2019
Yield 2.26%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 29th January 1993
Fund Status OPEN
Matthew Russell joined M&G in 2007 and was appointed fund manager of the M&G Short Dated Corporate Bond Fund in September 2013, having served as deputy fund manager since 2011. He was also appointed fund manager of the M&G Gilt & Fixed Interest Income Fund in July 2015. Matthew joined M&G as a fund managers assistant covering the retail fixed interest fund range. He has a BSc in economics from the University of Birmingham and is also a CFA charterholder.

3-year Mean Monthly Return: 0.193%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +1.27% +1.02% +4.00% -0.05% +3.17% +1.89% +3.24% +0.95% +0.74% +11.58%
Benchmark Performance
(GBP Corporate Bond)
+0.03% +3.43% +10.15% -0.20% +11.36%
Time Period Cumulative Benchmark Performance
(GBP Corporate Bond)
Fund Compared to Benchmark
1 day -0.03% +0.03% -0.06%
1 week -0.10% +0.43% -0.54%
1 month 0.50% +1.50% -1.00%
3 months 1.22% +2.87% -1.66%
6 months 3.34% +5.60% -2.26%
1 year 2.53% +5.36% -2.83%
3 years 6.35% +12.87% -6.52%
5 years 9.74% +26.63% -16.89%
10 years 24.99% +104.74% -79.75%
YTD 3.30% +5.79% -2.49%
Since inception 127.68% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
United Kingdom of Great Britain and Northern Ireland 3.75% GBR 5.97%
Germany (Federal Republic Of) 0% DEU 5.45%
Itrx Snr Fin S28--2022-12-20 2.18%
Verizon Communications Inc. 3.62% USA 1.94%
Ford Motor Credit Company LLC 4.54% USA 1.50%
United Kingdom of Great Britain and Northern Ireland 1.75% GBR 1.44%
AA Bond Co Limited 2.88% GBR 1.40%
Natwest Markets plc 3.62% GBR 1.38%
AT&T Inc 3.78% USA 1.37%
United Parcel Service, Inc. 3.04% USA 1.36%
Dividend Date Per share amount Reinvestment Price
3rd June 2019 0.0629 £10.2466
1st March 2019 0.0580 £10.1778
3rd December 2018 0.0554 £10.1335
3rd September 2018 0.0503 £10.2911
1st June 2018 0.0471 £10.3236
1st March 2018 0.0418 £10.3288