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 31/08/2013
  • Ben Lordsince 31/08/2013
Fund objective
The fund invests in a range of typically low-risk debt instruments such as floating rate notes and short-dated corporate bonds 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
2.2%
1 Year rank in sector
89/91
Sector
UT Sterling Corporate Bond
Yield
1.8%
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.
0.55%
Fund size
£328m (£392m 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
1024.25
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond10.4%
F&C Instl Lg Dtd Corp Bd9.2%
Newton Long Corporate Bond9.2%
Henderson Inst Long Dat Cr9.1%
Blackrock InstBdOver10YrCorp8.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK52.3%
    USA26.2%
    Germany4.2%
    Ireland3.7%
    Switzerland2.8%
  • Asset/Mortgage-Backed Securities32.1%
    Banks22.4%
    Government Bonds18%
    Real Estate3.6%
    Automotive3.5%
  • UK Corporate Fixed Interest47.2%
    UK Gilts18%
    US Corporate Fixed Interest12.6%
    German Corporate Fixed Interest4.2%
    Irish Corporate Fixed Interest3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-0.3%1.8%2.2%5.7%12%
Sector-1.6%-4.9%2.7%5.4%16.6%35%
Rank within sector11 / 974 / 9476 / 9489 / 9183 / 8671 / 71
Quartile1st1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.3%0.5%2.5%2.8%3%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector92 / 9217 / 9083 / 879 / 7870 / 71
Quartile4th1st4th1st4th
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.
0.97
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.
0.19
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%.
1.74
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.
4.49
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.
-0.69
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.
0.34
Price movement
52 week high1035.45
52 week low995.83
Current bid price-
Current offer price-
Current mid price1024.25
Region
1UK52.35%
2USA26.18%
3Germany4.25%
4Ireland3.7%
5Switzerland2.83%
6Netherlands2.06%
7Portugal1.95%
8United Arab Emirates1.59%
9Money Market1.58%
Industry sector
1Asset/Mortgage-Backed Securities32.13%
2Banks22.36%
3Government Bonds17.98%
4Real Estate3.57%
5Automotive3.53%
6Telecommunications2.47%
7Electronics2.34%
8Insurance1.82%
9Media1.61%
Asset type
1UK Corporate Fixed Interest47.18%
2UK Gilts17.98%
3US Corporate Fixed Interest12.62%
4German Corporate Fixed Interest4.25%
5Irish Corporate Fixed Interest3.7%
6Dutch Corporate Fixed Interest2.06%
7Portuguese Corporate Fixed Interest1.95%
8Swedish Corporate Fixed Interest1.74%
9GCC Corporate Fixed Interest1.59%
Individual holdings
1TREASURY 1.5 GILT 22/01/21 GBP0.017.88%
2TREASURY 1% GILT 07/09/17 GBP0.016.09%
3TREASURY 2% GILT 22/07/20 GBP0.014.01%
4PNC BANK NA PITTSBURGH PA 2.3% BDS 01/06/20 USD10001.78%
5UBS AG(STAMFORD) FRN 26/03/18 USD2500001.74%
6UBM PLC 6.5% BDS 23/11/16 GBP500001.61%
7DUBAI HLDGS COMMERCIAL OPERATIONS 6% EMTN 01/02/17 GBP500001.59%
8MELLON CAPITAL IV 6.244% BDS 29/06/43 USD10001.56%
9USB CAPITAL IX1.49%
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 short-dated corporate bonds 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 Russell31/08/2013Matthew 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 Lord31/08/2013Ben 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)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price25.54
CurrencyGBX
Price updated02/12/2016
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)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price10.2889
CurrencyCHF
Price updated02/12/2016
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)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price10.4434
CurrencyEUR
Price updated02/12/2016
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)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price10.6354
CurrencyUSD
Price updated02/12/2016
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)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price9.9262
CurrencyEUR
Price updated02/12/2016
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)1.07%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price10.2585
CurrencyUSD
Price updated02/12/2016
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)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price10.4706
CurrencyCHF
Price updated02/12/2016
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)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price10.6181
CurrencyEUR
Price updated02/12/2016
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)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price10.8278
CurrencyUSD
Price updated02/12/2016
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)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price9.9347
CurrencyEUR
Price updated02/12/2016
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)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price10.3054
CurrencyUSD
Price updated02/12/2016
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)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price1024.25
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGTBO
Data provided by

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