M&G Corporate Bond Fund

Select share classes

M&G Corporate Bond Fund Sterling I Inc

A Select 50 Fund - Fidelity insight
Category GBP Corporate Bond
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This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

34.94p

arrow-up0.04p (+0.11%)

Fund Code

MECII

B1YBRM6

GB00B1YBRM66

Prices updated as at 03 May 2024
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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.

Our view

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  • M&G launched the UK’s first corporate bond fund in 1994, and maintains one of Europe’s largest teams of credit analysts.
  • Richard Woolnough and Ben Lord invest in sterling-denominated corporate bonds with the aim of providing a higher total return (income plus price appreciation) than gilts of the same maturity.
  • In the event that a company defaults, all is not lost. M&G has a dedicated team of ‘workout specialists’ who analyse bonds close to or in default. Often, they will work with borrowers in default to renegotiate the terms of the debt, giving M&G a better chance of recovering its investment.

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.