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Bonds - Sterling Corporate Bond
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Rank:
30 of 102
Sterling Corporate Bond
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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.
Managed by:
Richard Woolnough 
Richard Woolnough has more than twenty years of experience in fixed interest investment. Born in Chesterfield in 1964, Woolnough graduated from the London School of Economics and started his fixed interest career with Italian group Assicurzioni Generali in 1987. He then joined SBC Warburg as a sterling instruments trader before moving to Old Mutual in 1995 where he was responsible for the Old Mutual Corporate Bond fund and Old Mutual UK Fixed Interest long-term bond fund. Woolnough made the switch to M&G Investments early in 2004 to take charge of the firm’s Corporate Bond fund. He currently manages this and the Strategic Corporate Bond fund which was launched in February 2004. Both the Corporate Bond fund and the Strategic Corporate Bond fund invest mostly in investment grade corporate bonds, although the Strategic Corporate Bond fund holds far fewer stocks, and takes larger duration and credit positions. Woolnough also manages the M&G Optimal Income fund, which can invest wherever the manager sees best value in the fixed income universe.
Showing manager performance globally. You can view performance in individual jurisdictions.
Performance
Sterling Corporate Bond
31/01/2021 - 31/01/2024
| Rank | Fund Name | Currency | Return |
|---|---|---|---|
| 28 | Fidelity Duration 5 Feeder Acc GBP | GBP | -8.8% |
| 29 | Rathbone Ethical Bond I Acc | GBP | -8.9% |
| 30 |
| GBP | -9.7% |
| 31 |
| GBP | -9.7% |
| 32 | Schroder Sterling Corporate Bond Z Acc | GBP | -9.8% |
View full league table
| Rank | Fund Name | Currency | Risk |
|---|---|---|---|
| 33 | Barclays Sterling Corporate Bd A Acc GBP | GBP | 9.1% |
| 34 |
| GBP | 9.2% |
| 35 |
| GBP | 9.2% |
| 36 | Fidelity Corporate Bond Master Acc GBP | GBP | 9.2% |
| 36 | CT Responsible Sterling Corp Bd 1 Inc | GBP | 9.2% |
View full league table
| Rank | Fund Name | Currency | Loss |
|---|---|---|---|
| 25 | Royal London Corporate Bond A Inc | GBP | -21.9% |
| 26 |
| GBP | -22.2% |
| 27 |
| GBP | -22.3% |
| 28 | Fidelity Corporate Bond Master Acc GBP | GBP | -22.4% |
| 29 | Fidelity Duration 5 Feeder Acc GBP | GBP | -22.7% |
View full league table
Total Returns
Month by month Performance
Quarterly Performance
| to 01/01/2024 | Annual | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|---|
| 2023 | 10.2% | 2.8% | -3.1% | 2.1% | 8.4% |
| 2022 | -15.6% | -5.6% | -7% | -9.7% | 6.4% |
| 2021 | -2.2% | -2.8% | 1.5% | -0.7% | -0.1% |
| 2020 | 5.5% | -7.1% | 8.4% | 1.3% | 3.4% |
| 2019 | 10.8% | 3.9% | 2.6% | 3.6% | 0.3% |
| 2018 | -3% | -1.5% | -0.6% | 0.1% | -1.1% |
| 2017 | 5% | 1.7% | 1.2% | 0.2% | 1.8% |
| 2016 | 8.8% | 2.7% | 3% | 5.6% | -2.5% |
| 2015 | 0.3% | 2.5% | -3.3% | 0.7% | 0.5% |
| 2014 | 11.1% | 3.5% | 1.5% | 2% | 3.7% |
| 2013 | 0.4% | 0.7% | -2.2% | 1.8% | 0% |
| 2012 | 12.1% | 2.8% | 1.7% | 4.1% | 3% |
| 2011 | 9.9% | 1.2% | 2.6% | 2.3% | 3.4% |
| 2010 | 8% | 3.9% | 1.9% | 5.3% | -3.2% |
| 2009 | 19.4% | 1.5% | 7% | 8.8% | 1% |
| 2008 | -0.3% | -1.9% | -1.5% | 1.5% | 1.6% |
| 2007 | 2.9% | -0.3% | -2.2% | 1.7% | 3.7% |
| 2006 | 1% | -0.7% | -0.9% | 2.8% | -0.2% |
| 2005 | 8.4% | 0.2% | 4.8% | 0.8% | 2.4% |
| 2004 | 6.8% | 0.7% | -1.7% | 4.1% | 3.6% |
| 2003 | 6.3% | 1% | 3.9% | -0% | 1.3% |
| 2002 | 6% | 0.5% | 1.2% | 3.3% | 0.9% |
| 2001 | 5.4% | 1.5% | -0.5% | 3.2% | 1.1% |
| 2000 | 8.3% | 1.9% | -0.4% | 3% | 3.6% |
Returns Vs Risk
Asset Allocation
Breakdown
31/12/2023
Top 10 Holdings
| Stock | Size |
|---|---|
| United Kingdom of Great Britain and Northern Ireland 0.625% | 5.28% |
| Kreditanstalt Fur Wiederaufbau 4.875% | 2.84% |
| M&G (Lux) Sterling Liquidity GBPZ6A Dist | 2.75% |
| United Kingdom of Great Britain and Northern Ireland 4.25% | 2.66% |
| Imperial Brands Finance Plc 4.875% | 1.63% |
| European Investment Bank 4.875% | 1.59% |
| AT&T Inc 4.375% | 1.49% |
| Inter-American Dev Bank 4.75% 05/10/2029 | 1.18% |
| United Kingdom of Great Britain and Northern Ireland 3.75% | 1.07% |
| Royal Bank of Canada 5.6787% | 1.05% |
31/12/2023
Registered For Sale In
- Switzerland
- United Kingdom
| Fund Info | |
|---|---|
| Launch date | 15th April 1994 |
| ISIN | GB0031285678 |
| Base Currency | GBP |
| Investments and Charges | |
|---|---|
| Minimum Initial Investment | 500 GBP |
| Minimum Regular Additional Investment | 100 GBP |
| Annual Management Charge | 0.79% |
| Fund Size | |
|---|---|
| B Inc Share Class | 289.567m GBP |
Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).
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