Fact sheet: M&G GblFlRtHiY

Fund information

Fund name
M&G Global Floating Rate High Yield IH Acc GBP
Fund company manager
M&G UK
Fund type
OIC
Fund manager
Stefan Isaacs
since 11/09/2014
Fund objective
The fund aims to grow capital and provide income by investing at least 70% in high yield floating rate notes (FRNs), which are bonds paying a variable coupon that is adjusted in line with changes in interest rates. The fund focuses on FRNs 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
BofA Merrill Lynch Global Floating Rate High Yield Index
Investment style
None
Investment method
Floating Rate Notes

Performance snapshot

Quick stats

1 Year return

7.53 %

1 Year rank in sector

23/23

Sector

UT Sterling High Yield

Yield

3.1733

Fund size

£ 3.1 b

FE Risk score

23

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    27.0929%
  • Money Market
    20.1634%
  • UK
    17.3493%
  • Italy
    7.1812%
  • France
    6.6466%
  • High Yield Bond
    22.409%
  • Financial Services
    7.9116%
  • Cyclical Consumer Goods
    7.7217%
  • Money Market
    7.6862%
  • Telecommunications
    7.1913%
  • Money Market
    100%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.54 %3.84 %7.53 %0 %0 %
Sector1.02 %5.68 %10.29 %12.03 %37.33 %
Rank within sector22 / 2323 / 2323 / 23 / /
Quartile th4 th4 th4 th th th

Calendar performance

YTD-20172016201520142013
Fund2.45 %7.34 %0.34 %0 %0 %
Sector3.74 %9.87 %-0.27 %1.85 %6.22 %
Rank within sector23 / 2321 / 2311 / 23 / /
Quartile th4 th4 th2 nd th th

Price movement

52 week high109.55
52 week low100.93
Current bid price0
Current offer price0
Current mid price109.55

Holdings by region

  • 27.0929% USA
  • 20.1634% Money Market
  • 17.3493% UK
  • 7.1812% Italy
  • 6.6466% France
  • 5.4393% Luxembourg
  • 2.6875% Norway
  • 2.6726% Ireland
  • 2.5286% Germany
  • 2.047% New Zealand

Holdings by sector

  • 22.409% High Yield Bond
  • 7.9116% Financial Services
  • 7.7217% Cyclical Consumer Goods
  • 7.6862% Money Market
  • 7.1913% Telecommunications
  • 7.1318% Health Care
  • 7.0805% Services
  • 6.7859% Capital Goods
  • 5.9132% Banks
  • 5.2223% Media

Holdings by asset type

  • 100% Money Market

Individual holdings

-