Fact sheet: M&G European Hi Yld Bd

Fund information
Fund name
M&G European High Yield Bond I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • James Tomlinssince 01/12/2011
  • Stefan Isaacssince 01/12/2011
Fund objective
The fund aims to deliver capital growth and a high level of income, which may vary over time. The fund invests mainly in bonds issued by European companies with a low credit rating, which typically pay higher levels of interest to compensate investors for the greater risk of default. Part of the fund may be invested in other fixed income assets, such as government bonds. Asset exposure is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
Total Return,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
16.1%
1 Year rank in sector
5/68
Sector
UT Global Bonds
Yield
3.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.92%
Fund size
£96m (£104m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
73
Mid price
1450.91
Top in this sector
Fund name1 Year
Old Mutual Bond 320.8%
Threadneedle EurpHdBd18.6%
M&G Global gvt bnd17.1%
Man GLG Corp Bd16.4%
M&G European Hi Yld Bd16.1%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • USA22.7%
    Germany19.2%
    UK9.3%
    Netherlands9.2%
    France8.1%
  • Banks16%
    Media12.9%
    High Yield Bond10.9%
    Capital Goods10.2%
    Basic Industries8.4%
  • US Fixed Interest22.7%
    German Fixed Interest19.2%
    UK Fixed Interest9.3%
    Dutch Fixed Interest9.2%
    French Fixed Interest8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%0.7%-2%16.1%12.8%42.4%
Sector-0.1%1.4%-1.9%8.6%14.5%19.8%
Rank within sector46 / 7150 / 7146 / 685 / 6832 / 594 / 45
Quartile3rd3rd3rd1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund1.3%21.9%-2.9%-4.2%10.9%
Sector0.7%12.6%-1.3%3.8%-2%
Rank within sector27 / 7115 / 6649 / 6055 / 571 / 53
Quartile2nd1st4th4th1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-2.35
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.08
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.09
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.19
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.07
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.34
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.56
Price movement
52 week high1486.33
52 week low1216.14
Current bid price-
Current offer price-
Current mid price1450.91
Region
1USA22.71%
2Germany19.16%
3UK9.34%
4Netherlands9.17%
5France8.15%
6Italy5.81%
7Luxembourg5.66%
8Ireland5.43%
9Switzerland3.15%
Industry sector
1Banks16.05%
2Media12.93%
3High Yield Bond10.91%
4Capital Goods10.23%
5Basic Industries8.4%
6Services7.95%
7Telecommunications7.06%
8Automotive5.82%
9Financial Services4.75%
Asset type
1US Fixed Interest22.71%
2German Fixed Interest19.16%
3UK Fixed Interest9.34%
4Dutch Fixed Interest9.17%
5French Fixed Interest8.15%
6Italian Fixed Interest5.81%
7Luxembourg Fixed Interest5.66%
8Irish Fixed Interest5.43%
9Swiss Fixed Interest3.15%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 0% BDS 15/08/26 EUR0.019%
2CROWN EURO HLDGS 3.375 MAY 15 25 REG3.31%
3ZIGGO FINANCE BV 3.75% BDS 15/01/25 EUR100000REG S2.84%
4COMMERZBANK AG 7.75% MTN 16/03/21 EUR1000002.64%
5UNITED STATES OF AMER TREAS NOTES 0.75% BDS 28/02/18 USD1002.5%
6MATTERHORN TELECOM SA 3.875% BDS 01/05/22 EUR1000002.37%
7HANESBRANDS INC 3.5% NTS 15/06/24 EUR1000REG S1.85%
8SPCM 2.875% BDS 15/06/23 EUR100000 REG S1.7%
9UBS AG 4.75% TO FLTG RATE NTS 22/05/23 USD1.47%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to deliver capital growth and a high level of income, which may vary over time. The fund invests mainly in bonds issued by European companies with a low credit rating, which typically pay higher levels of interest to compensate investors for the greater risk of default. Part of the fund may be invested in other fixed income assets, such as government bonds. Asset exposure is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
Total Return,High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Tomlins01/12/2011James Tomlins joined M&G in June 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 Global High Yield Bond Fund after two years as deputy manager on the fund. James has also managed the M&G Global Floating Rate High Yield Fund since its launch in September 2014. 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; in the three years prior to that, he worked at Merrill Lynch Investment Managers. James is a CFA charterholder. He graduated with an MA in history and PgDip in economics from the University of Cambridge.
Stefan Isaacs01/12/2011Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Sweden
M&G European High Yield Bond A Acc GBP
Initial charge3%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price112.64
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMW67
M&G European High Yield Bond A Gr Acc EUR
Initial charge3.25%
Annual charge1.25%
Min single investment£1,000
Min regular saving£75
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price29.3227
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM458
M&G European High Yield Bond A Gr Inc EUR
Initial charge3.25%
Annual charge1.25%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price24.9083
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJCZU
M&G European High Yield Bond A Inc GBP
Initial charge3%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price44.81
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW66
M&G European High Yield Bond AH Acc CHF
Initial charge3.25%
Annual charge1.25%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price10.7025
CurrencyCHF
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMR7Z
M&G European High Yield Bond AH Acc USD
Initial charge3.25%
Annual charge1.25%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price11.2053
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJ1A
M&G European High Yield Bond AH Inc USD
Initial charge3.25%
Annual charge1.25%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price10.025
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKJ0Z
M&G European High Yield Bond B Gr Acc EUR
Initial charge1.25%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price11.8399
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD0G
M&G European High Yield Bond B Inc
Initial charge1.25%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price9.9087
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPEA
M&G European High Yield Bond C Gr Acc EUR
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price28.1621
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM459
M&G European High Yield Bond C Inc EUR
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price24.8784
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ0Y
M&G European High Yield Bond CH Acc CHF
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price10.7852
CurrencyCHF
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMR8A
M&G European High Yield Bond CH Acc USD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price11.3524
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKJ1C
M&G European High Yield Bond CH Inc USD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price10.0493
CurrencyUSD
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ1B
M&G European High Yield Bond I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price1450.91
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZDB
M&G European High Yield Bond I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price1194.57
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZDC
M&G European High Yield Bond R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price143.97
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZDD
M&G European High Yield Bond R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price119.23
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZDE
M&G European High Yield Bond X Acc GBP
Initial charge-
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price112.58
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePK42
M&G European High Yield Bond X Inc GBP
Initial charge-
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price44.74
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePK43
Data provided by

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