M&G Global High Yield Bond Class PP GBP Acc

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 -8.4% 20.7% -3.4% -5.4% 9.8%
Sector -10.0% 23.5% -1.1% -4.5% 10.8%
Rank 7/24 21/27 24/29 17/29 20/29
Quartile 2 4 4 3 3

Annualised performance

Annualised
3 Years to
31/03/24
5 Years to
31/03/24
10 Years to
31/03/24
Fund 0.1% 2.1% 2.8%
Sector 1.5% 3.1% 3.1%
Rank 24/29 22/24 15/20
Quartile 4 4 3

Top 10 Holdings

Stock % Weight
PETROLEOS MEXICANOS 6.5% 13/03/2027 1.29
CCO HOLDINGS LLC 5.5% 01/05/2026 1.08
TREASURY NOTE 3.25% 30/06/2027 0.89
ROYAL CARIBBEAN CRUISES LTD 9.25% 15/01/2029 0.86
FORD MOTOR CREDIT COMPANY LLC 4.95% 28/05/2027 0.80
CIVITAS RESOURCES INC 8.375% 01/07/2028 0.79
TECHEM VERWALTUNGSGESELLSCHAFT 675 2% 15/07/2025 0.78
LEVI STRAUSS & CO 3.375% 15/03/2027 0.70
CELANESE US HOLDINGS LLC 6.165% 15/07/2027 0.69
DUFRY ONE BV 2.5% 15/10/2024 0.66
Total 8.55

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 High Yield Index (GBP Hedged) over any five-year period.

Fund Manager

Luke Coha manager for 0 years and 3 months

Photo of Luke Coha 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 Isaacs manager for 13 years and 6 months

Photo of Stefan Isaacs 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 (26/04/2024) 109.16p
Distribution yield 6.13%
Underlying yield 6.13%
Fund size (31/03/2024) £1293.00m
Number of holdings 438
Entry Charge 0.00%
Ongoing Charges 0.48%
Launch date 16/10/1998

Asset Allocation

pie chart
  International Bonds 88.39%
  UK Corporate Bonds 7.32%
  Alternative Trading Strategies 3.19%
  Money Market 2.21%
  International Equities 0.01%
  UK Equities 0.00%
  Cash and Equivalents -2.23%
  Other Assets 1.12%
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 88.39%
  UK Corporate Bonds 7.32%
  Alternative Trading Strategies 3.19%
  Money Market 2.21%
  International Equities 0.01%
  UK Equities 0.00%
  Cash and Equivalents -2.23%
  Other Assets 1.12%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 95.71% - - -
 
Alternative Trading Strategies 3.19% - - -
 
Alternative Trading Strategies - 3.19% - -
 
Alternative Trading Strategies - - 3.19% -
 
Alternative Trading Strategies - - - 3.19%
 
Non-Classified 1.12% - - -
 
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%
 
Cash and Equivalents -0.02% - - -

Regional Allocation

pie chart
  North America 59.37%
  Developed Europe - Excl UK 20.72%
  UK 7.32%
  Non-Classified 6.58%
  South & Central America 4.17%
  Emerging Europe 0.83%
  Japan 0.46%
  Developed Asia 0.24%
  Middle East & Africa 0.22%
  Other Regions 0.09%

Fixed Interest Currencies

pie chart
  US Dollar 64.58%
  Euro 24.94%
  Non-Fixed Interest Assets 6.52%
  Pound Sterling 6.19%
  Cash -2.23%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 59.37% -
 
United States - 58.04%
 
Canada - 1.33%
 
Developed Europe - Excl UK 20.72% -
 
France - 4.24%
 
Germany - 3.86%
 
Netherlands - 3.52%
 
Luxembourg - 2.68%
 
Italy - 1.66%
 
Sweden - 1.19%
 
Austria - 0.81%
 
Spain - 0.66%
 
Belgium - 0.54%
 
Finland - 0.53%
 
Ireland - 0.46%
 
Switzerland - 0.35%
 
Norway - 0.23%
 
UK 7.32% -
 
United Kingdom - 7.32%
 
Non-Classified 6.58% -
 
South & Central America 4.17% -
 
Mexico - 2.53%
 
Colombia - 0.98%
 
Chile - 0.36%
 
Brazil - 0.31%
 
Emerging Europe 0.83% -
 
Poland - 0.42%
 
Greece - 0.41%
 
Japan 0.46% -
 
Japan - 0.46%
 
Developed Asia 0.24% -
 
Hong Kong - 0.21%
 
Singapore - 0.03%
 
Middle East & Africa 0.22% -
 
Israel - 0.21%
 
South Africa - 0.00%
 
Emerging Asia 0.11% -
 
Macau - 0.09%
 
China - 0.02%
 
Cash and Equivalents -0.02% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
55.01%
5Yr - 10Yr Maturity
 
 
32.26%
10Yr - 15Yr Maturity
 
 
1.42%
> 15Yr Maturity
 
 
7.02%
Cash And Equivalents
 
-0.02%
Unknown Maturity
 
 
1.12%
Other Asset Types
 
 
3.20%

Fixed Interest Quality Profile

AAA
 
 
0.89%
A
 
 
0.24%
BBB
 
 
7.42%
Sub-Investment Grade
 
 
60.04%
Unknown Quality
 
 
27.10%
Cash and Equivalents
 
-0.02%
Other Asset Types
 
 
4.32%

Top 10 Holdings

Stock % Weight Sector Country
1 PETROLEOS MEXICANOS 6.5% 13/03/2027 1.29% Bonds Mexico
2 CCO HOLDINGS LLC 5.5% 01/05/2026 1.08% 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 FORD MOTOR CREDIT COMPANY LLC 4.95% 28/05/2027 0.80% Bonds United States
6 CIVITAS RESOURCES INC 8.375% 01/07/2028 0.79% Bonds United States
7 TECHEM VERWALTUNGSGESELLSCHAFT 675 2% 15/07/2025 0.78% Bonds Non-Classified
8 LEVI STRAUSS & CO 3.375% 15/03/2027 0.70% Bonds United States
9 CELANESE US HOLDINGS LLC 6.165% 15/07/2027 0.69% Bonds United States
10 DUFRY ONE BV 2.5% 15/10/2024 0.66% Bonds Netherlands

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 BG086W9
Mex Code -
Isin Code GB00BG086W96
Citi Code Q4R2

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 Annually
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 Crown Rating of 2

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.