Fact sheet: M&G Gbl Corprte Bd

Fund information
Fund name
M&G Global Corporate Bond IH Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Ben Lordsince 04/09/2013
  • Wolfgang Bauersince 30/09/2014
Fund objective
The fund aims to maximise total return (the combination of income and growth of capital) by investing mainly in investment grade, or high quality, corporate bonds from around the world, denominated in any currency. The fund manager may also hold up to 20% of the portfolio in other global fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund manager’s economic outlook will determine the portfolio’s overall positioning, while an in-house team of independent credit analysts assists in the selection of individual bond issues.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.1%
1 Year rank in sector
73/92
Sector
UT Sterling Corporate Bond
Yield
2.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.78%
Fund size
£25m (£21m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
26
Mid price
115.13
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.5%
F&C Instl Lg Dtd Corp Bd12%
Henderson Inst Long Dat Cr11.9%
Insight UK Corp Lg Mat Bd11.9%
Newton Long Corporate Bond11.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • USA53.3%
    UK19.9%
    Money Market13.3%
    Germany4.5%
    Netherlands2.4%
  • Banks19.2%
    Money Market13.3%
    Government Bonds11.3%
    Insurance8.2%
    Telecommunications8%
  • US Corporate Fixed Interest43.1%
    UK Corporate Fixed Interest20.6%
    Money Market13.3%
    Global Index Linked8.7%
    UK Index-Linked Gilts2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-2%1.3%5.1%12.5%-
Sector-1.4%-4.6%2.6%6.7%17.6%34.2%
Rank within sector39 / 9714 / 9485 / 9473 / 9273 / 87-
Quartile2nd1st4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund6.1%-1.3%6.6%--
Sector7.3%-0.3%10.1%0.2%12.1%
Rank within sector69 / 9281 / 9074 / 87--
Quartile3rd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.1
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.53
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.08
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.3
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.09
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.32
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.42
Price movement
52 week high117.67
52 week low104.09
Current bid price-
Current offer price-
Current mid price115.13
Region
1USA53.27%
2UK19.95%
3Money Market13.35%
4Germany4.47%
5Netherlands2.44%
6Belgium1.69%
7Switzerland1.4%
8Austria1.12%
9France1%
Industry sector
1Banks19.22%
2Money Market13.35%
3Government Bonds11.34%
4Insurance8.17%
5Telecommunications7.97%
6Asset/Mortgage-Backed Securities7.96%
7Basic Industries6.76%
8Health Care5.92%
9Electronics4.83%
Asset type
1US Corporate Fixed Interest43.1%
2UK Corporate Fixed Interest20.64%
3Money Market13.35%
4Global Index Linked8.67%
5UK Index-Linked Gilts2.67%
6German Corporate Fixed Interest2.61%
7Dutch Corporate Fixed Interest2.44%
8Belgian Corporate Fixed Interest1.69%
9Swiss Corporate Fixed Interest1.4%
Individual holdings
1UNITED STATES OF AMER TREAS BONDS 0.125% BDS 15/04/20 USD1004.02%
2UNITED STATES OF AMER TREAS BILLS BDS 15/04/21 USD1002.78%
3DEUTSCHE TELEKOM AG 8.25% BDS 15/6/2030 USD10002.01%
4DOW CHEMICAL CO 9.4% BDS 15/05/39 USD10001.97%
5NATIONWIDE BUILDING SOCIETY 4% SUB NTS 14/09/26 USD250000 144A1.97%
6JPMORGAN CHASE & CO 4.25% BDS 01/10/27 USD10001.92%
7GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.011.86%
8COMCAST CORP(NEW) 6.55% NTS 01/07/39 USD10001.8%
9WEYERHAEUSER CO 7.375% DEBS 15/3/32 USD10001.73%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to maximise total return (the combination of income and growth of capital) by investing mainly in investment grade, or high quality, corporate bonds from around the world, denominated in any currency. The fund manager may also hold up to 20% of the portfolio in other global fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund manager’s economic outlook will determine the portfolio’s overall positioning, while an in-house team of independent credit analysts assists in the selection of individual bond issues.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ben Lord04/09/2013Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Wolfgang Bauer30/09/2014Wolfgang Bauer is deputy fund manager of the M&G Global Corporate Bond Fund and the M&G European Corporate Bond Fund. He has been part of the M&G Retail Fixed Interest team since the beginning of 2014, focusing on US investment grade credit. Wolfgang initially joined M&G in 2012 as part of its Investment Graduate Programme, having gained a PhD in chemistry from the University of Cambridge. Following a series of rotations around the business, he joined the Real Estate Finance team in August 2013 as an analyst before taking up a junior fund manager role within the Retail Fixed Interest team in January 2014. Wolfgang has passed the CFA Level 3 exam.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Singapore, Sweden
M&G Global Corporate Bond A Gr Acc USD
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price11.4437
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJM4D
M&G Global Corporate Bond A Inc USD
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price10.9134
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKJ1G
M&G Global Corporate Bond AH Acc GBP
Initial charge3%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price113.67
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJM4F
M&G Global Corporate Bond AH Gr Acc CHF
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price10.9926
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJM4J
M&G Global Corporate Bond AH Gr Acc EUR
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price11.2371
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJM4H
M&G Global Corporate Bond AH Gr Inc EUR
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price10.5917
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJM4I
M&G Global Corporate Bond AH Inc GBP
Initial charge3%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price108.05
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJM4G
M&G Global Corporate Bond C Gr Acc USD
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price11.6337
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJM4E
M&G Global Corporate Bond C Inc USD
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.9753
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ1H
M&G Global Corporate Bond CH Gr Acc CHF
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price11.1876
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJM4Q
M&G Global Corporate Bond CH Gr Acc EUR
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price11.414
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJM4O
M&G Global Corporate Bond CH Gr Inc EUR
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price10.5733
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJM4P
M&G Global Corporate Bond IH Acc GBP
Initial charge1%
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price115.13
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJM4M
M&G Global Corporate Bond IH Inc GBP
Initial charge1%
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price108.16
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJM4N
M&G Global Corporate Bond RH Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price114.31
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJM4K
M&G Global Corporate Bond RH Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price108.07
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJM4L
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