M&G Global Convertibles Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 15.1% | 3.2% | -6.5% | -1.7% | 13.8% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 1.5% | 4.4% | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SEAGATE HDD CAYMAN 3.5% 01/06/2028 | 3.81 |
| LANTHEUS HOLDINGS INC 2.625% 15/12/2027 | 3.52 |
| UBER TECHNOLOGIES INC 0.875% 01/12/2028 | 3.27 |
| JPMORGAN CHASE FINANCIAL COMPANY L 0% 29/04/2025 | 3.16 |
| BARCLAYS BANK PLC 1% 16/02/2029 | 3.07 |
| JAZZ INVESTMENTS I LTD 2% 15/06/2026 | 2.44 |
| AKAMAI TECHNOLOGIES INC 0.375% 01/09/2027 | 2.32 |
| JD.COM INC 0.25% 01/06/2029 | 2.32 |
| ITRON INC 1.375% 15/07/2030 | 2.32 |
| ZTO EXPRESS (CAYMAN) INC 1.5% 01/09/2027 | 2.23 |
| Total | 28.46 |
Fund Aims
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the Thomson Reuters Global Focus Convertible Bond Index over any five-year period.
Fund Manager
Léonard Vinville joined M&G in 2002, and since then has been managing the convertibles allocation of the Prudential With Profit Life Fund. He has also been responsible for managing the M&G Global Convertibles Fund since its launch in July 2007. Both funds are run with the same investment approach and with an emphasis on generating strong risk-adjusted returns. Prior to joining M&G, Léonard was head of European convertibles at AGF Asset Management in Paris, where he managed convertibles and French equity mandates. He has an MBA and is qualified as a chartered accountant.
Fund Overview
| Mid (20/12/2024) | 98.88p |
| Distribution yield | 3.57% |
| Underlying yield | 2.86% |
| Fund size (31/10/2024) | £223.81m |
| Number of holdings | 225 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.70% |
| Launch date | 13/07/2007 |
Asset Allocation
| International Bonds | 75.80% | |
| UK Corporate Bonds | 5.86% | |
| International Equities | 2.91% | |
| Cash and Equivalents | 0.44% | |
| Other Assets | 15.00% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Bonds | 75.80% | |
| UK Corporate Bonds | 5.86% | |
| International Equities | 2.91% | |
| Cash and Equivalents | 0.44% | |
| Other Assets | 15.00% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 81.65% | - | - | - | |
| Non-Classified | 15.00% | - | - | - | |
| Industrials | 1.68% | - | - | - | |
| Industrial Goods & Services | - | 1.68% | - | - | |
| Electronic & Electrical Equipment | - | - | 1.68% | - | |
| Electrical Components | - | - | - | 1.68% | |
| Consumer Discretionary | 0.49% | - | - | - | |
| Automobiles & Parts | - | 0.49% | - | - | |
| Automobiles & Parts | - | - | 0.49% | - | |
| Auto Parts | - | - | - | 0.49% | |
| Cash and Equivalents | 0.44% | - | - | - | |
| Telecommunications | 0.31% | - | - | - | |
| Telecommunications | - | 0.31% | - | - | |
| Telecommunications Equipment | - | - | 0.31% | - | |
| Telecommunications Equipment | - | - | - | 0.31% | |
| Energy | 0.28% | - | - | - | |
| Energy | - | 0.28% | - | - | |
| Non-Renewable Energy | - | - | 0.28% | - | |
| Oil Equipment & Services | - | - | - | 0.28% | |
| Technology | 0.16% | - | - | - | |
| Technology | - | 0.16% | - | - | |
| Software & Computer Services | - | - | 0.16% | - | |
| Consumer Digital Services | - | - | - | 0.16% | |
Regional Allocation
| North America | 44.08% | |
| Non-Classified | 23.11% | |
| Developed Europe - Excl UK | 16.61% | |
| UK | 5.86% | |
| Australia & New Zealand | 2.88% | |
| Japan | 2.79% | |
| Developed Asia | 1.74% | |
| Middle East & Africa | 1.40% | |
| Emerging Asia | 1.11% | |
| Cash and Equivalents | 0.44% |
Fixed Interest Currencies
| US Dollar | 57.92% | |
| Non-Fixed Interest Assets | 17.91% | |
| Euro | 11.11% | |
| Pound Sterling | 4.30% | |
| Hong Kong Dollar | 3.87% | |
| Yen | 2.79% | |
| Other Currencies | 2.09% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 44.08% | - | |
United States
|
- | 44.08% | |
| Non-Classified | 23.11% | - | |
| Developed Europe - Excl UK | 16.61% | - | |
Germany
|
- | 5.04% | |
Italy
|
- | 3.42% | |
Netherlands
|
- | 3.31% | |
Spain
|
- | 2.22% | |
France
|
- | 1.53% | |
Ireland
|
- | 1.09% | |
| UK | 5.86% | - | |
United Kingdom
|
- | 5.86% | |
| Australia & New Zealand | 2.88% | - | |
Australia
|
- | 1.66% | |
New Zealand
|
- | 1.22% | |
| Japan | 2.79% | - | |
Japan
|
- | 2.79% | |
| Developed Asia | 1.74% | - | |
Hong Kong
|
- | 1.74% | |
| Middle East & Africa | 1.40% | - | |
Israel
|
- | 1.40% | |
| Emerging Asia | 1.11% | - | |
South Korea
|
- | 0.83% | |
China
|
- | 0.28% | |
| Cash and Equivalents | 0.44% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
72.33% |
| 5Yr - 10Yr Maturity |
|
9.32% |
| Cash And Equivalents |
|
0.44% |
| Unknown Maturity |
|
15.00% |
| Other Asset Types |
|
2.91% |
Fixed Interest Quality Profile
| A |
|
2.53% |
| BBB |
|
6.23% |
| Sub-Investment Grade |
|
1.21% |
| Unknown Quality |
|
71.69% |
| Cash and Equivalents |
|
0.44% |
| Other Asset Types |
|
17.91% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SEAGATE HDD CAYMAN 3.5% 01/06/2028 | 3.81% | Bonds | United States |
| 2 | LANTHEUS HOLDINGS INC 2.625% 15/12/2027 | 3.52% | Bonds | United States |
| 3 | UBER TECHNOLOGIES INC 0.875% 01/12/2028 | 3.27% | Bonds | United States |
| 4 | JPMORGAN CHASE FINANCIAL COMPANY L 0% 29/04/2025 | 3.16% | Non-Classified | Non-Classified |
| 5 | BARCLAYS BANK PLC 1% 16/02/2029 | 3.07% | Non-Classified | Non-Classified |
| 6 | JAZZ INVESTMENTS I LTD 2% 15/06/2026 | 2.44% | Bonds | United States |
| 7 | AKAMAI TECHNOLOGIES INC 0.375% 01/09/2027 | 2.32% | Bonds | United States |
| 8 | JD.COM INC 0.25% 01/06/2029 | 2.32% | Bonds | United States |
| 9 | ITRON INC 1.375% 15/07/2030 | 2.32% | Non-Classified | Non-Classified |
| 10 | ZTO EXPRESS (CAYMAN) INC 1.5% 01/09/2027 | 2.23% | Bonds | United States |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BK7XXD5 |
| Mex Code | - |
| Isin Code | GB00BK7XXD57 |
| Citi Code | QGND |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.70% |
Aims and Benchmark
| Aims | The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the Thomson Reuters Global Focus Convertible Bond Index over any five-year period. |
| Benchmark | Refinitiv Global Focus Convertible Bond Index |
| Benchmark Category | Target |
| IA Sector | Specialist |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | $1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | M&G Investments |
| Group address | 10 Fenchurch Avenue London EC3M 5AG United Kingdom |
| Group telephone | 0800 390 390 |
| Dealing telephone | 0800 328 3196 |
| info@mandg.co.uk | |
| Homepage | www.mandg.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | - |
| Settlement Period: Sell | - |
| Pricing Basis | None |
| Dealing Decimals | - |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.