Fact sheet: M&G Gbl Hi Yield Bd

Fund information
Fund name
M&G Global High Yield Bond I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Stefan Isaacssince 29/09/2010
  • James Tomlinssince 01/01/2014
Fund objective
The fund aims to deliver capital growth and a high level of income, which may vary over time. The fund invests principally in bonds issued by 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
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.4%
1 Year rank in sector
9/22
Sector
UT Sterling High Yield
Yield
4.5%
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.
0.81%
Fund size
£1,184m (£1,169m 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.
43
Mid price
1284.15
Top in this sector
Fund name1 Year
Fidelity Global High Yield13.2%
L&G High Income Trust11.8%
Newton Global Hi Yield Bd11.3%
JPM Global High Yield Bond10.6%
Investec MonthlyHiInc10.4%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA41.9%
    UK20.2%
    Money Market5.1%
    Germany4%
    Luxembourg3.9%
  • Banks13.9%
    Media11.7%
    Government Bonds9.7%
    Health Care8.6%
    Energy8.3%
  • US Corporate Fixed Interest41.3%
    UK Corporate Fixed Interest10.8%
    UK Gilts9.7%
    Money Market5.1%
    German Corporate Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.4%3.7%8.4%11.1%41%
Sector0.5%0.2%4.3%7.5%11.1%39.5%
Rank within sector21 / 2217 / 2213 / 229 / 2214 / 2111 / 19
Quartile4th4th3rd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.1%-2%1.4%7.9%19.4%
Sector8.8%-0.3%1.8%6.2%18.4%
Rank within sector8 / 2216 / 2215 / 218 / 2010 / 19
Quartile2nd3rd3rd2nd3rd
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.
-0.26
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.
1.17
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
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%.
5.64
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.
2.35
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.
0.09
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.
0.84
Price movement
52 week high1293.23
52 week low1109.12
Current bid price-
Current offer price-
Current mid price1284.15
Region
1USA41.93%
2UK20.21%
3Money Market5.07%
4Germany4.05%
5Luxembourg3.92%
6Spain3.78%
7France3.15%
8Italy2.87%
9Canada2.44%
Industry sector
1Banks13.9%
2Media11.73%
3Government Bonds9.65%
4Health Care8.57%
5Energy8.3%
6Telecommunications8.03%
7Capital Goods6.63%
8Basic Industries6.27%
9Services5.67%
Asset type
1US Corporate Fixed Interest41.31%
2UK Corporate Fixed Interest10.84%
3UK Gilts9.65%
4Money Market5.07%
5German Corporate Fixed Interest4.05%
6Luxembourg Corporate Fixed Interest3.92%
7Spanish Corporate Fixed Interest3.32%
8French Corporate Fixed Interest3.15%
9Italian Corporate Fixed Interest2.87%
Individual holdings
1TREASURY 1.25% GILT 22/7/18 GBP0.014.45%
2TREASURY 0% TSY BILL 05/12/16 GBP13.42%
3TREASURY 1.75% GILT 22/07/19 GBP0.011.78%
4WILLIAM HILL PLC 4.875% BDS 07/09/23 GBP1000001.18%
5MATTERHORN TELECOM SA 3.875% BDS 01/05/22 EUR1000001.1%
6NUMERICABLE SFR 5.625% BDS 15/05/24 EUR100000 REG S0.98%
7VTR FINANCE BV 6.875% BDS 15/01/24 USD2000000.97%
8BELDEN INC. 5.5% MTN 15/04/23 EUR100000 REG S0.94%
9JPMORGAN CHASE & CO DEP SHS REPR 1/10 7.9%NON CUM PFD I0.94%
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 principally in bonds issued by 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
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stefan Isaacs29/09/2010Stefan 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.
James Tomlins01/01/2014James 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Australia, Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Singapore, Sweden
M&G Global 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)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price123.34
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMY22
M&G Global High Yield Bond A Hedged Gr EUR
Initial charge4%
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 price13.7164
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM2D1
M&G Global High Yield Bond A Hedged Gr USD
Initial charge4%
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 price14.0988
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM2D2
M&G Global 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)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price50.2
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMY15
M&G Global High Yield Bond AH Acc CHF
Initial charge4%
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 price10.6644
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMR7X
M&G Global High Yield Bond AH Gr Inc EUR
Initial charge4%
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 price11.7654
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJD0C
M&G Global High Yield Bond AH Inc USD
Initial charge4%
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 price12.7793
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKJ0S
M&G Global High Yield Bond BH 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 price11.2683
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJD0J
M&G Global High Yield Bond BH Inc
Initial charge1.25%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price9.9908
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPEM
M&G Global High Yield Bond CH Acc CHF
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price10.746
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMR7Y
M&G Global High Yield Bond CH Gr EUR
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price14.2126
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM2D3
M&G Global High Yield Bond CH Gr USD
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price14.8165
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM2D4
M&G Global High Yield Bond CH Inc EUR
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price12.6316
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ0Q
M&G Global High Yield Bond CH Inc USD
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price13.0776
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ0R
M&G Global High Yield Bond I Acc GBP
Initial charge1%
Annual charge0.65%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1284.15
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZEE
M&G Global High Yield Bond I Inc GBP
Initial charge1%
Annual charge0.65%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1061.59
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZEF
M&G Global High Yield Bond R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price126.82
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZEG
M&G Global High Yield Bond R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price106.09
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZEH
M&G Global 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)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price123.42
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePK22
M&G Global 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)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price50.22
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePK21
Data provided by

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