M&G Global Floating Rate High Yield Class PP-H GBP Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

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 performance

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

Top 10 Holdings

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

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 manager for 10 years and 3 months

Photo of James Tomlins 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 (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

Asset Allocation

pie chart
  International Bonds 84.82%
  Alternative Trading Strategies 11.02%
  UK Corporate Bonds 7.47%
  Cash and Equivalents -8.47%
  Other Assets 5.17%
Portfolio data accurate as at: 31/10/24

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.