Income and capital movement on corporate bond funds

aroominyork

I’d like to check my understanding about income and capital gain on corporate bond funds. These charts for Man Sterling Corporate Bond Fund show both Income and Acc versions. On the first chart, set to Total Return, does the sum of the twelve red blips* – about 0.5% each – represent the distributed monthly income based on coupons received from the underlying holdings? And does the difference between the sum of those distributions and the change in price of the fund represent capital gain… which the second graph, set to Price, shows was just over 2% for the year (and which clarifies that distributions totalled just over 7%)?

*more accurately, perhaps, the downward/left-hand side of the blips?

EthicsGradient

That looks about right. For the "more accurately" bit, I'd suggest "the difference between the trough of the red income version" and the blue acc version at the same moment" - for instance, for the payment at the start of July in your chart, the red goes down very little, because it coincides with the blue going up.

I notice that it's "D Inc" and "C Acc", but the class letters don't seem to be available in both inc and acc versions. When you look at these 2 on Trustnet, you see that over 3 years, C Acc outperformed D Inc by about 1%
Chart Tool | Trustnet
Whether that's because charges used to be different (Trustnet lists them now as the same), or something else, I don't know. Trustnet also confirms the yearly total return was 9.5%, and the growth of price alone 2.3% for the Inc version.