M&G Global Fltng Rt Hi Yld GBP I-H Acc (FUND:BMP3SC5) - Overview

Fund Report

M&G Global Floating Rate High Yield Fund Sterling I-H Acc

Key Stats
Morningstar® CategoryGlobal High Yield Bond - GBP Hedged
Manager Name-
Inception Date11/09/2014
NAV 24/10/2016GBX 105.07
Day Change0.04%
12 Month Yield3.49%
Dividend FrequencyQuarterly
Net Assets (mil) 30/06/2016788.83 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 Charge0.83%
Fund Rebate-

Morningstar Rating™

Not Rated


Fund Benchmark

BofAML Global High Yield TR USD

Morningstar® Benchmark

BofAML Gbl HY Constnd TR HGBP

Growth Of 10,000 (GBP) 30/09/2016

How has this security performed
  • Fund: M&G Global Floating Rate High Yield Fund Sterling I-H Acc
  • Category: Global High Yield Bond - GBP Hedged
  • Benchmark: BofAML Gbl HY Constnd TR HGBP
Trailing Returns % (GBP) 24/10/2016
3 Years Annualised---
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 total return (the combination of income and growth of capital). The Fund invests on a global basis mainly in high yield corporate or government floating rate notes and asset backed securities denominated in any currency. Floating rate note exposure may be achieved either directly or through government securities combined with credit default swaps, interest rate swaps, asset swaps or other credit derivatives. The Fund may also invest in other government and public securities and other transferable securities, collective investment schemes, cash and near cash, deposits, warrants, money market instruments and other derivative instruments.

Portfolio Profile30/06/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond85.13
Cash & Equivalents21.76
Commercial Mortgage Backed0.93
Top Holdings
IncreaseDecreaseNew since last portfolio
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New since last portfolioTenet Healthcare FRN 2020-06-15United States3.35
Ardagh Packaging 144A FRN 2019-12-15Ireland3.32
Lock As FRN 2020-08-15Norway3.13
Matterhorn Telecom FRN 2022-05-01Luxembourg3.03
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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