M&G Short Dated Corporate Bond Fund I Inc


Buy/Sell Price  (as of 28/09/2016) £10.3151   Day Change :  0.02%     Fund Code:  MGDBI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Biography

Ben Lord joined M&G in 2007 and was appointed fund manager of the M&G High Interest Fund in February 2009. Since launch in September 2010, he has also been the co-manager on the M&G UK Inflation Linked Corporate Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. 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.
Investment HouseM&G
Fund ProviderM&G Group
ManagerMatthew Russell  
ManagerBen Lord   Biography

Fund Objective 'Investment objective The Fund aims to provide income with stability of capital. Investment policy The Fund invests mainly in debt instruments (which include, but are not limited to: variable rate securities, fixed interest securities, gilts and corporate debt). The Fund's exposure to debt instruments may be gained through the use of derivatives. In certain market conditions the fund may have a high proportion of its portfolio in liquid assets such as cash and near cash, deposits, warrants and money market instruments. The Fund may also invest in other assets including collective investment schemes, other transferable securities and other derivative instruments.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB00B8JXBQ82
12-Month NAV High £10.35
12-Month NAV Low £9.96
Fund Comparative IndexIA £ Corporate
Morningstar CategoryTMGBP Corporate Bond
Dividend FrequencyQuarterly
Distribution Yield1.65%
Underlying Yield1.65%

Annual Charges

Morningstar ratings

 as of  31/08/2016
Overall1 star
3 Years1 star
5 Years1 star
10 Years1 star

Growth of £1000 Help

 as of  28/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-6.66-5.11-3.70-3.87-5.30
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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