Fact sheet: M&G Short Dated Corp Bd

Fund information
Fund name
M&G Short Dated Corporate Bond I GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Matthew Russellsince 01/09/2013
  • Ben Lordsince 01/09/2013
Fund objective
The fund invests in a range of typically low-risk debt instruments such as floating rate notes and corporate bonds due to be repaid within three years, with the aim of providing income with stability of capital over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The level of income provided may vary over time. In-depth research is at the heart of the investment process and exposure to these debt instruments is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
3.6%
1 Year rank in sector
87/90
Sector
UT Sterling Corporate Bond
Yield
1.5%
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.
0.57%
Fund size
£385m (£344m 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.
13
Mid price
1036.61
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond15.8%
Henderson Inst Long Dat Cr14.6%
Insight UK Corp Lg Mat Bd14.5%
F&C Instl Lg Dtd Corp Bd14.1%
Newton Long Corporate Bond13.6%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK42.3%
    USA24.7%
    Germany8.5%
    Money Market6.8%
    Switzerland2.4%
  • BBB41.5%
    A20.1%
    AAA16.3%
    AA11%
    Money Market6.8%
  • UK Fixed Interest42.3%
    US Fixed Interest24.7%
    German Fixed Interest8.5%
    Money Market6.8%
    Swiss Fixed Interest2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.9%1.3%3.6%6.7%12.4%
Sector0.3%2.3%-1.2%8.5%18.8%33.3%
Rank within sector68 / 9691 / 956 / 9087 / 9081 / 8369 / 70
Quartile3rd4th1st4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.8%3.2%0.5%2.5%2.8%
Sector1.5%9.1%-0.3%10.1%0.2%
Rank within sector87 / 9588 / 8817 / 8682 / 839 / 77
Quartile4th4th1st4th1st
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.
0.85
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.
0.21
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
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%.
1.85
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.
4.45
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.
-0.79
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.
0.39
Price movement
52 week high1040.07
52 week low1010.91
Current bid price-
Current offer price-
Current mid price1036.61
Region
1UK42.31%
2USA24.71%
3Germany8.45%
4Money Market6.84%
5Switzerland2.4%
6Ireland2.28%
7Netherlands1.88%
8Portugal1.84%
9France1.75%
Industry sector
1BBB41.49%
2A20.14%
3AAA16.29%
4AA10.97%
5Money Market6.84%
6BB2.53%
7Non-Rated1.05%
8B0.69%
Asset type
1UK Fixed Interest42.31%
2US Fixed Interest24.71%
3German Fixed Interest8.45%
4Money Market6.84%
5Swiss Fixed Interest2.4%
6Irish Fixed Interest2.28%
7Dutch Fixed Interest1.88%
8Portuguese Fixed Interest1.84%
9French Fixed Interest1.75%
Individual holdings
1TREASURY 1.5% GILT 22/01/2021 GBP0.016.86%
2GERMANY(FEDERAL REPUBLIC OF) 0% BDS 08/10/21 EUR10004.84%
3TREASURY 5% GILT 07/03/18 GBP4.4%
4TREASURY 2% GILT 22/07/20 GBP0.013.48%
5PNC BANK NA PITTSBURGH PA 2.3% BDS 01/06/20 USD10001.49%
6UBS AG(STAMFORD) FRN 26/03/18 USD2500001.48%
7CANADIAN IMPERIAL BANK OF COMMERCE FR COV BDS 10/01/22 GBP100000 CBL151.31%
8TOWD POINT MTGE FUNDING 16-GRANITE1 0% MTG BDS 20/07/46 GBP1000001.31%
9EXXON MOBIL CORP FRN 06/03/22 USD20001.27%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund invests in a range of typically low-risk debt instruments such as floating rate notes and corporate bonds due to be repaid within three years, with the aim of providing income with stability of capital over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The level of income provided may vary over time. In-depth research is at the heart of the investment process and exposure to these debt instruments is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Matthew Russell01/09/2013Matthew 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.
Ben Lord01/09/2013Ben 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.
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, Sweden
M&G Short Dated Corporate Bond A Inc GBP
Initial charge-
Annual charge0.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price25.84
CurrencyGBX
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMA78
M&G Short Dated Corporate Bond AH Acc CHF
Initial charge3.25%
Annual charge0.9%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price10.3914
CurrencyCHF
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD0Q
M&G Short Dated Corporate Bond AH Acc EUR
Initial charge3.25%
Annual charge0.9%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price10.5635
CurrencyEUR
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD0N
M&G Short Dated Corporate Bond AH Acc USD
Initial charge3.25%
Annual charge0.9%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price10.8181
CurrencyUSD
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD0P
M&G Short Dated Corporate Bond AH Inc EUR
Initial charge3.25%
Annual charge0.9%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price10.0015
CurrencyEUR
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJD0O
M&G Short Dated Corporate Bond AH Inc USD
Initial charge3.25%
Annual charge0.9%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price10.3932
CurrencyUSD
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKJ0O
M&G Short Dated Corporate Bond CH Acc CHF
Initial charge1.25%
Annual charge0.4%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price10.5936
CurrencyCHF
Price updated27/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJD0U
M&G Short Dated Corporate Bond CH Acc EUR
Initial charge1.25%
Annual charge0.4%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price10.7575
CurrencyEUR
Price updated27/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJD0R
M&G Short Dated Corporate Bond CH Acc USD
Initial charge1.25%
Annual charge0.4%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price11.0314
CurrencyUSD
Price updated27/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJD0T
M&G Short Dated Corporate Bond CH Inc EUR
Initial charge1.25%
Annual charge0.4%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price10.0278
CurrencyEUR
Price updated27/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJD0S
M&G Short Dated Corporate Bond CH Inc USD
Initial charge1.25%
Annual charge0.4%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price10.4596
CurrencyUSD
Price updated27/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ0P
M&G Short Dated Corporate Bond I GBP
Initial charge1%
Annual charge0.4%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price1036.61
CurrencyGBX
Price updated27/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGTBO
Data provided by

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