M&G Global Convertibles 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 0.4% 21.2% -1.4% -3.0% 6.2%

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund 0.5% 4.4% 4.9%

Top 10 Holdings

Stock % Weight
PRYSMIAN SPA 0% 02/02/2026 3.59
SEAGATE TECHNOLOGY HDD HOLDINGS 3.5% 01/06/2028 3.51
UBER TECHNOLOGIES INC 0.875% 01/12/2028 3.43
BOX INC 0% 15/01/2026 2.99
JPMORGAN CHASE FINANCIAL COMPANY L 0% 29/04/2025 2.84
LANTHEUS HOLDINGS INC 2.625% 15/12/2027 2.69
JAZZ INVESTMENTS I LTD 2% 15/06/2026 2.46
CELLNEX TELECOM SA 0.5% 05/07/2028 2.41
SOUTHWEST AIRLINES CO 1.25% 01/05/2025 2.41
MEITUAN 0% 27/04/2028 2.41
Total 28.75

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 the Thomson Reuters Global Focus Convertible Bond Index over any five-year period.

Fund Manager

Léonard Vinville manager for 16 years and 9 months

Photo of Léonard Vinville 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 (26/04/2024) 119.92p
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

pie chart
  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

pie chart
  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

pie chart
  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

pie chart
  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 Crown Rating of 3

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.