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

31/03/19
to
31/03/20		 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
Fund n/a 23.4% 3.9% 2.2% 12.5%
Sector -10.0% 23.5% -1.1% -4.5% 10.8%
Rank 23/24 16/27 1/29 1/29 8/29
Quartile 4 3 1 1 1

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund 6.1% n/a n/a
Sector 1.5% 3.1% 3.1%
Rank 1/29 3/24 n/a
Quartile 1 1 n/a

Top 10 Holdings

Stock % Weight
TREASURY FLOATING RATE NOTE 31/10/2024 3.79
BRUNELLO BIDCO SPA 15/02/2028 3.43
CEDACRI MERGECO SPA 15/05/2028 3.31
PAGANINI BIDCO SPA 30/10/2028 3.16
TREASURY FLOATING RATE NOTE 31/10/2025 3.15
CASTOR SPA 15/02/2029 2.75
LION POLARIS LUX 4 SA 01/07/2026 2.71
EVOCA SPA 01/11/2026 2.35
KAPLA HOLDING SAS 31/07/2030 2.17
888 ACQUISITIONS LTD 15/07/2028 2.00
Total 28.81

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 9 years and 7 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 (26/04/2024) 97.53p
Distribution yield 8.48%
Underlying yield 7.95%
Fund size (31/03/2024) £233.23m
Number of holdings 232
Entry Charge 0.00%
Ongoing Charges 0.53%
Launch date 11/09/2014

Asset Allocation

pie chart
  International Bonds 85.52%
  Alternative Trading Strategies 9.46%
  UK Corporate Bonds 7.15%
  Cash and Equivalents -10.68%
  Other Assets 8.55%
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

pie chart
  International Bonds 85.52%
  Alternative Trading Strategies 9.46%
  UK Corporate Bonds 7.15%
  Cash and Equivalents -10.68%
  Other Assets 8.55%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 92.67% - - -
 
 Alternative Trading Strategies 9.46% - - -
 
 Alternative Trading Strategies - 9.46% - -
 
 Alternative Trading Strategies - - 9.46% -
 
 Alternative Trading Strategies - - - 9.46%
 
 Non-Classified 8.55% - - -
 
 Cash and Equivalents -10.68% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 64.95%
  Non-Classified 23.49%
  North America 14.50%
  UK 7.50%
  Australia & New Zealand 0.10%
  Japan 0.09%
  Emerging Asia 0.04%
  Cash and Equivalents -10.68%

Fixed Interest Currencies

pie chart
  Euro 79.77%
  Non-Fixed Interest Assets 18.01%
  US Dollar 11.52%
  Pound Sterling 1.38%
  Cash -10.68%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Developed Europe - Excl UK 64.95% -
 
 Italy - 36.97%
 
 Luxembourg - 8.95%
 
 France - 5.51%
 
 Netherlands - 5.41%
 
 Germany - 5.09%
 
 Sweden - 2.50%
 
 Denmark - 0.54%
 
 Non-Classified 23.49% -
 
 North America 14.50% -
 
 United States - 14.40%
 
 Canada - 0.10%
 
 UK 7.50% -
 
 United Kingdom - 7.15%
 
 Jersey - 0.36%
 
 Australia & New Zealand 0.10% -
 
 Australia - 0.10%
 
 Japan 0.09% -
 
 Japan - 0.09%
 
 Emerging Asia 0.04% -
 
 South Korea - 0.04%
 
 Cash and Equivalents -10.68% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
78.13%
5Yr - 10Yr Maturity
 
 
10.64%
> 15Yr Maturity
 
 
3.90%
Cash And Equivalents
 
-10.68%
Unknown Maturity
 
 
8.55%
Other Asset Types
 
 
9.46%

Fixed Interest Quality Profile

AAA
 
 
8.45%
AA
 
 
0.06%
Sub-Investment Grade
 
 
13.91%
Unknown Quality
 
 
70.24%
Cash and Equivalents
 
-10.68%
Other Asset Types
 
 
18.01%

Top 10 Holdings

Stock % Weight Sector Country
1 TREASURY FLOATING RATE NOTE 31/10/2024 3.79% Bonds United States
2 BRUNELLO BIDCO SPA 15/02/2028 3.43% Bonds Italy
3 CEDACRI MERGECO SPA 15/05/2028 3.31% Bonds Italy
4 PAGANINI BIDCO SPA 30/10/2028 3.16% Bonds Italy
5 TREASURY FLOATING RATE NOTE 31/10/2025 3.15% Bonds United States
6 CASTOR SPA 15/02/2029 2.75% Bonds Italy
7 LION POLARIS LUX 4 SA 01/07/2026 2.71% Bonds Luxembourg
8 EVOCA SPA 01/11/2026 2.35% Bonds Italy
9 KAPLA HOLDING SAS 31/07/2030 2.17% Bonds France
10 888 ACQUISITIONS LTD 15/07/2028 2.00% 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 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 Crown Rating of 4

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.