M&G Global High Yield Bond GBP I Inc (FUND:B6ZD1B3) - Fund price - Overview

Fund Report

M&G Global High Yield Bond Fund Sterling I Inc

Key Stats
Morningstar® CategoryGlobal High Yield Bond - GBP Hedged
Manager Name-
Inception Date03/08/2012
NAV 21/02/2019GBX 1,030.46
Day Change0.18%
12 Month Yield5.21%
ISINGB00B6ZD1B32
SEDOLB6ZD1B3
Dividend FrequencyMonthly
Net Assets (mil) 31/01/20191,085.43 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.81%
AMC0.65%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

High

High


Sustainability Rating as of 31/08/2018

Benchmarks

Fund Benchmark

N/A

Morningstar® Benchmark

ICE BofAML Global High Yield Constrained

Growth Of 10,000 (GBP) 31/01/2019

How has this security performed
201420152016201720182019
Fund1.42-1.9611.846.60-4.413.02
Category1.63-2.6511.735.82-3.923.36
Benchmark2.71-2.1115.666.71-3.603.73
  • Fund: M&G Global High Yield Bond Fund Sterling I Inc
  • Category: Global High Yield Bond - GBP Hedged
  • Benchmark: ICE BofAML Global High Yield Constrained
Trailing Returns % (GBP) 21/02/2019
FundCatBmark
YTD4.114.404.77
3 Years Annualised6.896.858.60
5 Years Annualised3.383.124.25
10 Years Annualised8.289.4511.12

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The OMW M&G Global High Yield Bond fund invests solely in the M&G Global High Yield Bond fund, a sub fund of M&G Investment Funds (2) a UK authorised Open Ended Investment Company managed by M&G Securities Limited. The underlying fund aims to provide income and capital growth by investing at least 80% of the fund in higher yielding corporate debt instruments which may be denominated in sterling, European currencies and other major global currencies, should the investment managers deem them to be appropriate investments. The underlying fund invests into a relatively small number of assets, or into individual countries or a specific market sector. Such concentrated portfolios give rise to more risk than where investments are spread across a larger number of assets, countries or market sectors. The underlying fund may be denominated in or hold assets in a currency other than Sterling.

Portfolio Profile31/01/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.340.000.34
Bonds82.805.0377.78
Cash95.6882.0713.60
Other8.280.008.28
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond73.84
Cash & Equivalents11.31
Convertible8.00
Swap6.68
Future/Forward2.39
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Germany (Federal Republic Of) Germany4.82
United Kingdom of Great Britain and Northern Ireland 4.5% 2019-03-07United Kingdom3.13
United States Treasury Notes 1.5% 2019-01-31United States3.00
Cdx Na Hy S28--2022-06-20 United States2.08
Cdx Na Hy S26--2021-06-20 United States1.93
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. 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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