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 Vinvillemanager
for
16 years
and 9 months
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 (01/05/2024)
119.51p
Distribution yield
3.24%
Underlying yield
3.24%
Fund size (31/03/2024)
£192.31m
Number of holdings
221
Entry Charge
0.00%
Ongoing Charges
0.70%
Launch date
13/07/2007
Asset Allocation
International Bonds
81.79%
UK Corporate Bonds
5.08%
International Equities
1.52%
Cash and Equivalents
0.12%
Other Assets
11.49%
Portfolio data accurate as at: 31/03/24
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
81.79%
UK Corporate Bonds
5.08%
International Equities
1.52%
Cash and Equivalents
0.12%
Other Assets
11.49%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
86.87%
-
-
-
Non-Classified
11.49%
-
-
-
Consumer Discretionary
0.69%
-
-
-
Automobiles & Parts
-
0.69%
-
-
Automobiles & Parts
-
-
0.69%
-
Auto Parts
-
-
-
0.69%
Energy
0.34%
-
-
-
Energy
-
0.34%
-
-
Non-Renewable Energy
-
-
0.34%
-
Oil Equipment & Services
-
-
-
0.34%
Industrials
0.26%
-
-
-
Industrial Goods & Services
-
0.26%
-
-
Electronic & Electrical Equipment
-
-
0.26%
-
Electronic Equipment: Gauges & Meters
-
-
-
0.26%
Real Estate
0.24%
-
-
-
Real Estate
-
0.24%
-
-
Real Estate Investment & Services
-
-
0.24%
-
Real Estate Holding and Development
-
-
-
0.24%
Cash and Equivalents
0.12%
-
-
-
Regional Allocation
North America
43.33%
Developed Europe - Excl UK
22.09%
Non-Classified
17.39%
UK
5.08%
Emerging Asia
3.07%
Japan
3.02%
Middle East & Africa
2.39%
Developed Asia
2.05%
Australia & New Zealand
1.47%
Cash and Equivalents
0.12%
Fixed Interest Currencies
US Dollar
56.19%
Euro
18.07%
Non-Fixed Interest Assets
13.01%
Hong Kong Dollar
4.09%
Pound Sterling
4.06%
Yen
3.00%
Other Currencies
1.57%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
43.33%
-
United States
-
43.31%
Canada
-
0.02%
Developed Europe - Excl UK
22.09%
-
Italy
-
6.11%
Germany
-
4.64%
France
-
4.15%
Netherlands
-
3.17%
Spain
-
2.41%
Ireland
-
1.26%
Denmark
-
0.31%
Sweden
-
0.04%
Non-Classified
17.39%
-
UK
5.08%
-
United Kingdom
-
5.08%
Emerging Asia
3.07%
-
China
-
1.55%
South Korea
-
1.52%
Japan
3.02%
-
Japan
-
3.02%
Middle East & Africa
2.39%
-
Israel
-
2.39%
Developed Asia
2.05%
-
Hong Kong
-
2.05%
Australia & New Zealand
1.47%
-
Australia
-
1.47%
Cash and Equivalents
0.12%
-
Fixed Interest Maturity Profile
< 5Yr Maturity
76.19%
5Yr - 10Yr Maturity
10.67%
Cash And Equivalents
0.12%
Unknown Maturity
11.49%
Other Asset Types
1.52%
Fixed Interest Quality Profile
AA
0.01%
A
2.51%
BBB
8.34%
Sub-Investment Grade
1.95%
Unknown Quality
74.05%
Cash and Equivalents
0.12%
Other Asset Types
13.01%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
PRYSMIAN SPA 0% 02/02/2026
3.59%
Bonds
Italy
2
SEAGATE TECHNOLOGY HDD HOLDINGS 3.5% 01/06/2028
3.51%
Bonds
United States
3
UBER TECHNOLOGIES INC 0.875% 01/12/2028
3.43%
Bonds
United States
4
BOX INC 0% 15/01/2026
2.99%
Bonds
United States
5
JPMORGAN CHASE FINANCIAL COMPANY L 0% 29/04/2025
2.84%
Non-Classified
Non-Classified
6
LANTHEUS HOLDINGS INC 2.625% 15/12/2027
2.69%
Bonds
United States
7
JAZZ INVESTMENTS I LTD 2% 15/06/2026
2.46%
Bonds
United States
8
CELLNEX TELECOM SA 0.5% 05/07/2028
2.41%
Bonds
Spain
9
SOUTHWEST AIRLINES CO 1.25% 01/05/2025
2.41%
Bonds
United States
10
MEITUAN 0% 27/04/2028
2.41%
Bonds
Non-Classified
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
BG08737
Mex Code
-
Isin Code
GB00BG087377
Citi Code
Q4QY
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
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.