M&G European High Yield Bond X Acc (FUND:3128802) - Overview

Fund Report

M&G European High Yield Bond Fund Sterling X Acc

Key Stats
Morningstar® CategoryEurope High Yield Bond
Manager NameJames Tomlins
Inception Date15/10/1999
NAV 02/12/2016GBX 107.75
Day Change0.24%
12 Month Yield3.25%
ISINGB0031288029
SEDOL
Dividend FrequencyQuarterly
Net Assets (mil) 31/10/2016116.29 EUR
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular InvestmentYes
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.43%
AMC1.25%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Benchmarks

Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

BofAML European Currency High Yield Constrained TR Hdg EUR

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund21.1810.52-4.54-3.3119.04
Category17.6610.91-3.32-2.6920.79
Benchmark24.8313.05-1.75-3.6223.50
  • Fund: M&G European High Yield Bond Fund Sterling X Acc
  • Category: Europe High Yield Bond
  • Benchmark: BofAML European Currency High Yield Constrained TR Hdg EUR
Trailing Returns % (GBP) 02/12/2016
FundCatBmark
YTD17.4320.5322.55
3 Years Annualised3.315.155.46
5 Years Annualised7.448.6110.15
10 Years Annualised6.848.4510.67

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Fund aims to maximise total return (the combination of income and growth of capital) while generating a high level of income. The Fund mainly invests in higher yielding debt instruments denominated in any European currency and will normally be managed to give investors exposure to European currencies. The Fund’s exposure to higher yielding debt instruments may be gained through the use of derivatives. The Fund may also invest in other assets including collective investment schemes, government and public securities and other transferable securities, cash and near cash, deposits, warrants, money market instruments and other derivative instruments which may be denominated in any major global currency. Any non-European currency exposures within the Fund may be managed by currency hedges in European currencies.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.720.000.72
Bonds104.798.8895.91
Cash39.2238.221.01
Other5.423.062.37
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond73.27
Government21.71
Swap2.88
Cash & Equivalents1.38
Convertible0.76
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
1093480 Cds Eur R F 5.00000 2020-12-20Germany5.43
1093480 Cds Eur P V 03mevent 2020-12-20Germany5.02
US Treasury Note 0.75% 2017-10-31United States3.93
New since last portfolioGermany (Federal Republic Of) 2026-08-15Germany3.22
DecreaseUS Treasury Note 0.625% 2017-08-31United States3.14
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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