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 High Yield Index (GBP Hedged) over any five-year period.
Fund Manager
Luke Cohamanager
for
0 years
and 7 months
Luke Coha was appointed deputy fund manager on the M&G Global High Yield Bond Fund in January 2018. He initially joined the M&G Retail Fixed Interest team in April 2014 as a high yield specialist focused on the US high yield bond market. Prior to joining M&G, Luke spent eight years at Fitch Ratings in the US as a lead healthcare analyst and before that, six years with Coopers & Lybrand Consulting as a management consultant to hospitals, health systems and physician organisations. Luke is an MBA graduate from De Paul University (Kellstad Graduate School of Business), having previously obtained a business degree at the University of Iowa.
Stefan Isaacsmanager
for
13 years
and 11 months
Stefan Isaacs started at M&G in 2001 and was promoted to corporate bond dealer specialising in high yield bonds and euro denominated credit. He joined the fund management team in 2006 as an assistant fund manager covering high yield and European investment grade for M&G's fixed interest fund range. He was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G High Yield Corporate Bond Fund in October 2010. Stefan graduated from Manchester Metropolitan University with a degree in international business and French.
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 (30/08/2024)
86.78p
Distribution yield
5.97%
Underlying yield
5.49%
Fund size (31/05/2024)
£1513.26m
Number of holdings
430
Entry Charge
0.00%
Ongoing Charges
0.48%
Launch date
16/10/1998
Asset Allocation
International Bonds
86.42%
UK Corporate Bonds
6.68%
Money Market
4.04%
Alternative Trading Strategies
3.35%
International Equities
0.01%
UK Equities
0.00%
Cash and Equivalents
-2.19%
Other Assets
1.69%
Portfolio data accurate as at: 31/05/24
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Portfolio data accurate as at:
Asset Allocation
International Bonds
86.42%
UK Corporate Bonds
6.68%
Money Market
4.04%
Alternative Trading Strategies
3.35%
International Equities
0.01%
UK Equities
0.00%
Cash and Equivalents
-2.19%
Other Assets
1.69%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
93.10%
-
-
-
Alternative Trading Strategies
3.35%
-
-
-
Alternative Trading Strategies
-
3.35%
-
-
Alternative Trading Strategies
-
-
3.35%
-
Alternative Trading Strategies
-
-
-
3.35%
Cash and Equivalents
1.84%
-
-
-
Non-Classified
1.69%
-
-
-
Consumer Staples
0.01%
-
-
-
Personal Care, Drug & Grocery Stores
-
0.01%
-
-
Personal Care, Drug & Grocery Stores
-
-
0.01%
-
Food Retailers & Wholesalers
-
-
-
0.01%
Real Estate
0.00%
-
-
-
Real Estate
-
0.00%
-
-
Real Estate Investment & Services
-
-
0.00%
-
Real Estate Holding and Development
-
-
-
0.00%
Consumer Discretionary
0.00%
-
-
-
Travel & Leisure
-
0.00%
-
-
Travel & Leisure
-
-
0.00%
-
Casinos & Gambling
-
-
-
0.00%
Regional Allocation
North America
57.95%
Developed Europe - Excl UK
20.36%
Non-Classified
7.00%
UK
6.68%
South & Central America
4.22%
Cash and Equivalents
1.84%
Emerging Europe
0.83%
Japan
0.75%
Developed Asia
0.25%
Emerging Asia
0.11%
Fixed Interest Currencies
US Dollar
62.36%
Euro
24.20%
Non-Fixed Interest Assets
9.09%
Pound Sterling
6.55%
Cash
-2.19%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
57.95%
-
United States
-
56.78%
Canada
-
1.18%
Developed Europe - Excl UK
20.36%
-
France
-
4.15%
Germany
-
3.63%
Netherlands
-
3.57%
Luxembourg
-
2.91%
Sweden
-
1.39%
Italy
-
1.25%
Austria
-
0.71%
Spain
-
0.66%
Belgium
-
0.54%
Finland
-
0.51%
Ireland
-
0.45%
Switzerland
-
0.35%
Norway
-
0.23%
Non-Classified
7.00%
-
UK
6.68%
-
United Kingdom
-
6.68%
South & Central America
4.22%
-
Mexico
-
2.57%
Colombia
-
0.95%
Chile
-
0.40%
Brazil
-
0.30%
Cash and Equivalents
1.84%
-
Emerging Europe
0.83%
-
Poland
-
0.42%
Greece
-
0.41%
Japan
0.75%
-
Japan
-
0.75%
Developed Asia
0.25%
-
Hong Kong
-
0.21%
Singapore
-
0.04%
Emerging Asia
0.11%
-
Macau
-
0.09%
China
-
0.02%
Fixed Interest Maturity Profile
< 5Yr Maturity
54.80%
5Yr - 10Yr Maturity
29.33%
10Yr - 15Yr Maturity
1.40%
> 15Yr Maturity
7.57%
Cash And Equivalents
1.84%
Unknown Maturity
1.69%
Other Asset Types
3.36%
Fixed Interest Quality Profile
AAA
0.89%
A
0.24%
BBB
7.50%
Sub-Investment Grade
58.74%
Unknown Quality
25.72%
Cash and Equivalents
1.84%
Other Asset Types
5.05%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
PETROLEOS MEXICANOS 6.5% 13/03/2027
1.30%
Bonds
Mexico
2
CCO HOLDINGS LLC 5.5% 01/05/2026
0.91%
Bonds
United States
3
TREASURY NOTE 3.25% 30/06/2027
0.89%
Bonds
United States
4
ROYAL CARIBBEAN CRUISES LTD 9.25% 15/01/2029
0.86%
Bonds
United States
5
CIVITAS RESOURCES INC 8.375% 01/07/2028
0.79%
Bonds
United States
6
FORD MOTOR CREDIT COMPANY LLC 4.95% 28/05/2027
0.78%
Bonds
United States
7
LEVI STRAUSS & CO 3.375% 15/03/2027
0.70%
Bonds
United States
8
CELANESE US HOLDINGS LLC 6.165% 15/07/2027
0.69%
Bonds
United States
9
TRITON WATER HOLDINGS INC 6.25% 01/04/2029
0.62%
Bonds
United States
10
MIDAS OPCO HOLDINGS LLC 5.625% 15/08/2029
0.62%
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
BK7XXJ1
Mex Code
-
Isin Code
GB00BK7XXJ10
Citi Code
QGNH
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.48%
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 High Yield Index (GBP Hedged) over any five-year period.
Benchmark
ICE BofAML Global High Yield Index (GBP Hedged)
Benchmark Category
Target
IA Sector
£ High Yield
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
OEIC
Launch price
£0.50
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Monthly
Distribution Type
Interest
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
04 January
29 January
01 February
26 February
01 March
31 March
01 April
30 April
04 May
28 May
01 June
30 June
01 July
30 July
02 August
31 August
01 September
30 September
01 October
31 October
01 November
30 November
01 December
31 December
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
Email
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.