M&G Global Convertibles GBP I-H Acc (FUND:B8J7375) - Overview

Fund Report

M&G Global Convertibles Fund Sterling I-H Acc

Key Stats
Morningstar® CategoryConvertible Bond - Global, GBP Hedged
Manager NameLeonard Vinville
Inception Date28/09/2012
NAV 05/12/2016GBX 129.87
Day Change0.25%
12 Month Yield1.35%
ISINGB00B8J73758
SEDOLB8J7375
Dividend FrequencyAnnually
Net Assets (mil) 31/10/20162,192.50 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time10:30:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.92%
AMC0.75%
Fund Rebate-

Morningstar Rating™

4 Stars

Benchmarks

Fund Benchmark

TReuters Global Focus CB TR USD

Morningstar® Benchmark

Not Categorized

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

How has this security performed
20122013201420152016
Fund-15.204.644.001.90
Category-14.013.322.320.64
  • Fund: M&G Global Convertibles Fund Sterling I-H Acc
  • Category: Convertible Bond - Global, GBP Hedged
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 05/12/2016
FundCat
YTD1.63-0.19
3 Years Annualised3.993.12
5 Years Annualised--
10 Years Annualised--

Morningstar SRRI

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

Investment Objective

The Fund aims to maximise long term total return (the combination of income and growth of capital) to investors by investing mainly in global convertible assets. The Fund seeks to maximise the risk-reward profile through investment in convertible assets whose issuers may be in any country, including emerging markets. Global convertible assets include all assets that either directly or via a combination of instruments achieve exposure of a convertible bond nature. Such exposure can be achieved by investing directly or through the use of derivative instruments. Additionally, derivative instruments may be used to manage the risk characteristics of the Fund. The remainder of the Fund may be invested in securities in support of the fund objective, such as, equities, bonds, collective investment schemes, derivative instruments, money market instruments, cash and near cash.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks6.090.006.09
Bonds11.830.0011.83
Cash13.028.364.66
Other77.410.0077.41
Top Fixed Income Sectors
Fixed Income Sector%
Convertible51.12
Corporate Bond36.76
Cash & Equivalents5.19
Covered Bond3.30
Government1.83
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Citrix Sys Cv 0.5% 2019-04-15United States4.58
Yahoo Cv 2018-12-01United States3.78
Priceline Grp Cv 0.9% 2021-09-15United States2.86
Siemens Fin Nv 1.65% 2019-08-16Netherlands2.50
Nxp Semiconductors N V Cv 1% 2019-12-01Netherlands2.30
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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