M&G Optimal Income BH Inc
|Bid Price||-||Offer Price||-|
|Mid Price||EUR 10.16||Day Change||EUR +0.02 (0.39%)|
|Price Date||25 Apr 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.35 %|
|Total Expense Ratio||1.92||Fund Size||17,421,900,000.00|
|Launch Date||08/12/2006||Standard Initial Charge (%)||1.25|
|Annual Management Charge (%)||1.75||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||1.92|
|ISIN||GB00BYQRC283||Min TopUp (£)||75.00|
The fund aims to deliver income and capital growth by investing in a broad range of fixed income securities, wherever the manager sees the greatest opportunities. The manager may also hold up to 20% of the portfolio in company shares when he believes they offer better value than bonds. Exposure to these assets is gained through physical holdings and the use of derivatives. An in-house team of independent credit analysts assists the fund manager in the selection of individual bond issues.
Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.