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M&G Strategic Corporate Bond Fund I Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund ProviderM&G Securities Ltd
Fund SummaryThe Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA £ Corporate Bond Sector, over any five-year period.
SEDOL codeB6VTPZ7
ISINGB00B6VTPZ79
Fund codeMGSNI
ManagersRichard Woolnough, Ben Lord
Manager Tenure16 years
Morningstar CategoryGBP Corporate Bond
IMA Sector£ Corporate Bond
Fund Size£2,147 million
Fund TypeOEIC
Management StyleActive
Ongoing Charge Figure (OCF)0.65%
Cavendish ongoing charge0.05%
FundsNetwork Service Fee0.20%
Minimum Initial Investment£25
Minimum Top Up£25
Minimum Monthly Investment£25
Sell Price£11.1444
Buy Price£11.1444
Price Change-0.0071%
Price Date25th September 2020
Yield2.92%
Dividend FrequencyQuarterly
ISA EligibleYes
SIPP EligibleYes
Inception Date4th February 2013
Fund StatusOPEN
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: 0.294%

Annual Returns2019201820172016201520142013201220112010
Fund Performance+3.55%+5.82%+0.03%+7.12%+4.80%+3.31%+7.51%+6.41%+9.40%+5.62%
Benchmark Performance
(GBP Corporate Bond)
+5.92%+5.60%+0.41%+6.82%+6.49%
Time PeriodCumulativeBenchmark Performance
(GBP Corporate Bond)
Fund Compared to Benchmark
1 day-0.01%+4.25%-4.26%
1 week-0.73%+0.20%-0.93%
1 month-0.14%+1.29%-1.43%
3 months1.76%+11.11%-9.35%
6 months14.88%+3.92%+10.96%
1 year2.90%+4.34%-1.45%
3 years3.54%+5.31%-1.77%
5 years4.55%+5.71%-1.16%
10 years5.05%+5.05%+0.01%
YTD1.66%-0.53%+2.19%
Since inception6.04%Currently unavailableCurrently unavailable

Top 10 shares for this fund

Share NameCountryValue
Northern Trust Global Sterling EIRL4.84%
B.A.T. International Finance p.l.c. 2.25%GBR1.38%
Kreditanstalt Fur Wiederaufbau 1.38%DEU1.36%
Mexico (United Mexican States) 5.62%MEX1.30%
Legal & General Group plc 5.5%GBR1.17%
Italy (Republic Of) 6%ITA1.17%
Engie 5.95%FRA1.16%
AXA 5.62%FRA1.14%
Tesco Property Finance 5 Plc 5.66%GBR1.12%
European Investment Bank 3.75%XSN1.07%
Dividend DatePer share amountReinvestment Price
1st September 20200.0831£11.1441
1st June 20200.0918£10.8100
2nd March 20200.0905£11.1408
2nd December 20190.0913£11.1434
2nd September 20190.1077£11.1684
3rd June 20190.1072£10.7836