M&G Global Floating Rate High Yield Class PP-H GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 23.4% | 3.9% | 2.2% | 12.5% | 8.3% |
| Sector | 23.5% | -1.1% | -4.5% | 10.8% | 7.8% |
| Rank | 15/26 | 1/29 | 1/29 | 8/29 | 11/30 |
| Quartile | 3 | 1 | 1 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 7.6% | 9.8% | n/a | |
| Sector | 4.5% | 6.9% | 3.7% | |
| Rank | 1/29 | 4/26 | n/a | |
| Quartile | 1 | 1 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Northern Trust The U.S. Dollar Fund Class D | 5.45 |
| TREASURY FLOATING RATE NOTE 31/07/2026 | 3.43 |
| CEDACRI MERGECO SPA 15/05/2028 | 3.10 |
| CASTOR SPA 15/02/2029 | 2.71 |
| PAGANINI BIDCO SPA 30/10/2028 | 2.60 |
| MOONEY GROUP SPA 17/12/2026 | 2.15 |
| KAPLA HOLDING SAS 31/07/2030 | 2.13 |
| TREASURY FLOATING RATE NOTE 31/10/2025 | 2.09 |
| ASSEMBLIN CAVERION GROUP AB 01/07/2031 | 2.07 |
| SGL GROUP APS 22/04/2030 | 2.04 |
| Total | 27.78 |
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 that of the ICE BofAML Global Floating Rate High Yield Index (3% constrained) USD Hedged over any five-year period.
Fund Manager
James Tomlins joined M&G in 2011 and was appointed fund manager of the M&G European High Yield Bond Fund later that year. In January 2014, he became co-manager of the M&G High Yield Corporate Bond Fund after two years being deputy manager on the fund. James is a specialist in high yield credit with more than 10 years’ experience in this sector. He was previously an analyst and then a fund manager at Cazenove Capital Management. Before Cazenove, James was at KBC Alternative Investment Management and in the three years prior to that worked at Merrill Lynch Investment Managers. James is a CFA charterholder. He holds an MA in history and PgDip in economics from the University of Cambridge.
Fund Overview
| Mid (01/04/2025) | 96.41p |
| Distribution yield | 8.23% |
| Underlying yield | 7.70% |
| Fund size (28/02/2025) | £233.07m |
| Number of holdings | 108 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.53% |
| Launch date | 11/09/2014 |
Asset Allocation
| International Bonds | 85.18% | |
| Alternative Trading Strategies | 8.74% | |
| UK Corporate Bonds | 7.09% | |
| Cash and Equivalents | -6.47% | |
| Other Assets | 5.45% |
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 | 85.18% | |
| Alternative Trading Strategies | 8.74% | |
| UK Corporate Bonds | 7.09% | |
| Cash and Equivalents | -6.47% | |
| Other Assets | 5.45% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 92.28% | - | - | - | |
| Alternative Trading Strategies | 8.74% | - | - | - | |
| Alternative Trading Strategies | - | 8.74% | - | - | |
| Alternative Trading Strategies | - | - | 8.74% | - | |
| Alternative Trading Strategies | - | - | - | 8.74% | |
| Non-Classified | 5.45% | - | - | - | |
| Non-Classified | - | 5.45% | - | - | |
| Non-Classified | - | - | 5.45% | - | |
| Non-Classified | - | - | - | 5.45% | |
| Cash and Equivalents | -6.47% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 66.93% | |
| North America | 14.06% | |
| Non-Classified | 18.38% | |
| UK | 7.09% | |
| Cash and Equivalents | -6.47% |
Fixed Interest Currencies
| Euro | 80.69% | |
| Non-Fixed Interest Assets | 14.19% | |
| US Dollar | 10.29% | |
| Pound Sterling | 1.29% | |
| Cash | -6.47% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 66.93% | - | |
Italy
|
- | 36.74% | |
Luxembourg
|
- | 9.10% | |
France
|
- | 5.75% | |
Germany
|
- | 5.63% | |
Netherlands
|
- | 3.79% | |
Sweden
|
- | 3.22% | |
Denmark
|
- | 2.71% | |
| North America | 14.06% | - | |
United States
|
- | 14.06% | |
| Non-Classified | 18.38% | - | |
| UK | 7.09% | - | |
United Kingdom
|
- | 7.09% | |
| Cash and Equivalents | -6.47% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
63.38% |
| 5Yr - 10Yr Maturity |
|
26.17% |
| > 15Yr Maturity |
|
2.73% |
| Cash And Equivalents |
|
-6.47% |
| Other Asset Types |
|
14.19% |
Fixed Interest Quality Profile
| AAA |
|
7.00% |
| BBB |
|
1.87% |
| Sub-Investment Grade |
|
13.12% |
| Unknown Quality |
|
70.29% |
| Cash and Equivalents |
|
-6.47% |
| Other Asset Types |
|
14.19% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Northern Trust The U.S. Dollar Fund Class D | 5.45% | Managed Funds | Non-Classified |
| 2 | TREASURY FLOATING RATE NOTE 31/07/2026 | 3.43% | Bonds | United States |
| 3 | CEDACRI MERGECO SPA 15/05/2028 | 3.10% | Bonds | Italy |
| 4 | CASTOR SPA 15/02/2029 | 2.71% | Bonds | Italy |
| 5 | PAGANINI BIDCO SPA 30/10/2028 | 2.60% | Bonds | Italy |
| 6 | MOONEY GROUP SPA 17/12/2026 | 2.15% | Bonds | Italy |
| 7 | KAPLA HOLDING SAS 31/07/2030 | 2.13% | Bonds | France |
| 8 | TREASURY FLOATING RATE NOTE 31/10/2025 | 2.09% | Bonds | United States |
| 9 | ASSEMBLIN CAVERION GROUP AB 01/07/2031 | 2.07% | Bonds | Sweden |
| 10 | SGL GROUP APS 22/04/2030 | 2.04% | Bonds | Denmark |
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 | BK7XXH9 |
| Mex Code | - |
| Isin Code | GB00BK7XXH95 |
| Citi Code | QGNG |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.53% |
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 that of the ICE BofAML Global Floating Rate High Yield Index (3% constrained) USD Hedged over any five-year period. |
| Benchmark | ICE BofAML Global Floating Rate High Yield Index (3% constrained) USD Hedged |
| Benchmark Category | Comparator |
| IA Sector | £ High Yield |
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 | Quarterly |
| 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.