M&G Corporate Bond Fund

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M&G Corporate Bond Fund Sterling I Acc

A Select 50 Fund - Fidelity insight

Category GBP Corporate Bond

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

76.75p

arrow-down-0.03p (-0.04%)

Fund Code

MGCPA

B1YBRL5

GB00B1YBRL59

Prices updated as at 25 Apr 2024

Prices in GBX

Investment objective

The 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 iBoxx Sterling Corporates GBP Index over any five-year period. At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities including investment grade Asset-Backed Securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities are denominated in Sterling or hedged back to Sterling.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 31/01/2024

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Stock style

Value

Core

Growth

Large

0

Medium

13

26

14

Small

12

21

14

Fixed income style
Medium ext
100.00%
% Weight
Ltd
Mod
Ext
High
0
0
0
Medium
0
0
100
Low
0
0
0
Interest rate risk
Bond %
Avg credit quality BBB
Avg wtd coupon 4.18
Modified duration 6.27
Credit quality breakdown
Rating % of Bond
AAA 10.43
AA 16.69
A 11.96
BBB 59.63
BB 1.28
B -
Below B 0.01
Not Rated -

	Bond %
Avg credit quality	BBB
Avg wtd coupon	4.18
Modified duration	6.27

Rating	% of Bond
AAA	10.43
AA	16.69
A	11.96
BBB	59.63
BB	1.28
B	-
Below B	0.01
Not Rated	-

Valuation

M&G Corporate Bond Fund Sterling I Acc

GBP Corporate Bond

11.94

1.61

0.85

0.48

1.98

1.82

7.53

8.04

Growth rate

M&G Corporate Bond Fund Sterling I Acc

GBP Corporate Bond

14.31%

10.84%

3.99%

2.49%

22.51%

40.44%

Top 10 holdings

Sector

Country

United Kingdom

% of assets

5.04746

Sector

Country

Luxembourg

% of assets

3.10945

Sector

Country

Germany

% of assets

2.8939

Sector

Country

Germany

% of assets

2.65718

Sector

Country

United Kingdom

% of assets

1.6666

Sector

Country

Supranational

% of assets

1.62757

Sector

Country

United States

% of assets

1.51956

Sector

Country

United Kingdom

% of assets

1.35997

Sector

Country

% of assets

1.2069

Sector

Country

United Kingdom

% of assets

1.12243

Assets in top 10 holdings %

22.21%

Total no. of equity holdings

-

Total no. of bond holdings

279.00

Stock sectors

M&G Corporate Bond Fund Sterling I Acc

GBP Corporate Bond

45.83%

Basic materials

1.46%

Con cyclical

27.20%

Financial svs

14.47%

Real estate

2.71%

43.34%

Comm services

7.22%

Energy

1.72%

Industrials

24.41%

Technology

9.99%

10.83%

Con defensive

7.93%

Healthcare

0.90%

Utilities

2.00%

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.