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M&G Optimal Income

Ranked 13 out of 60 in - Sterling Strategic Bond over 12 months
All calculations are in GBP unless stated

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.


The fund aims to provide a total return to investors based on exposure to optimal income streams in investment markets. Fund aims to do it through strategic asset allocation and specific stock selection. It will be at least 50% invested in debt instruments, but may also invest in other assets including collective investment schemes, money market instruments, cash, near cash, deposits, equities and derivatives. Derivative instruments may be used for both investment purposes and efficient portfolio management. 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.

Showing fund performance in United Kingdom View performance globally


Sterling Strategic Bond over : 31/05/2017 - 31/05/2018
  • Rank 13/60 Total Return
  • Rank 37/60 Standard Deviation
  • Rank 32/60 Max Drawdown

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 -0.5%
2017 5.2% 1.1% 2.4% 0.8% 0.9%
2016 8.2% 1.0% 0.7% 3.8% 2.5%
2015 -0.8% 0.7% -1.1% -1.5% 1.0%
2014 5.3% 1.8% 2.1% 0.1% 1.2%
2013 7.8% 2.6% -0.4% 2.7% 2.7%
2012 13.8% 5.5% -0.1% 4.8% 2.9%
2011 6.6% 1.9% 1.6% -1.6% 4.6%
2010 9.3% 4.2% -0.6% 5.4% 0.1%
2009 34.2% 3.8% 13.1% 11.0% 3.0%
2008 -3.4% -1.1% 1.0% -0.6% -2.7%
2007 3.2% 1.2% 0.9% -0.4% 1.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Chile
  2. Singapore
  3. Switzerland
  4. United Kingdom

Fund Info

  • Launch date08/12/2006
  • Share Class size23,772Mn
  • Base currencyGBP
  • ISIN GB00B1H05049

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment100


  • Annual management1.25%
  • Initial investment0

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Woolnough ramps equity risk in M&G Optimal Income

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Woolnough: Worry about Trump, not Brexit

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).