31/12/19 to 31/12/20 |
31/12/20 to 31/12/21 |
31/12/21 to 31/12/22 |
31/12/22 to 31/12/23 |
31/12/23 to 31/12/24 |
|
---|---|---|---|---|---|
Fund | 0.2% | 6.0% | -1.4% | 12.4% | 9.3% |
Sector | 4.0% | 4.1% | -10.2% | 11.1% | 8.7% |
Rank | 25/26 | 7/29 | 1/29 | 11/29 | 9/29 |
Quartile | 4 | 1 | 1 | 2 | 2 |
Annualised | ||||
---|---|---|---|---|
3 Years to 31/12/24 |
5 Years to 31/12/24 |
10 Years to 31/12/24 |
||
Fund | 6.6% | 5.2% | n/a | |
Sector | 2.7% | 3.3% | 3.9% | |
Rank | 1/29 | 2/26 | n/a | |
Quartile | 1 | 1 | n/a |
Stock | % Weight |
---|---|
TREASURY FLOATING RATE NOTE 31/07/2026 | 3.80 |
TREASURY FLOATING RATE NOTE 31/10/2025 | 3.45 |
CEDACRI MERGECO SPA 15/05/2028 | 3.20 |
CASTOR SPA 15/02/2029 | 2.89 |
PAGANINI BIDCO SPA 30/10/2028 | 2.75 |
MOONEY GROUP SPA 17/12/2026 | 2.29 |
KAPLA HOLDING SAS 31/07/2030 | 2.22 |
ASSEMBLIN CAVERION GROUP AB 01/07/2031 | 2.21 |
888 ACQUISITIONS LTD 15/07/2028 | 1.98 |
GUALA CLOSURES SPA 29/06/2029 | 1.95 |
Total | 26.74 |
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.
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.
Mid (07/01/2025) | 96.94p |
Distribution yield | 8.23% |
Underlying yield | 7.70% |
Fund size (31/10/2024) | £205.64m |
Number of holdings | 245 |
Entry Charge | 0.00% |
Ongoing Charges | 0.53% |
Launch date | 11/09/2014 |
International Bonds | 84.82% | |
Alternative Trading Strategies | 11.02% | |
UK Corporate Bonds | 7.47% | |
Cash and Equivalents | -8.47% | |
Other Assets | 5.17% |
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.