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

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Performance History30/09/2021
Growth of 1,000 (GBP) Advanced Graph
M&G Global Floating Rate High Yield Fund Sterling I-H Acc
Fund3.1-1.57.00.04.4
+/-Cat-2.72.4-4.4-3.60.6
+/-B’mrk-3.62.1-5.3-5.01.1
 
Key Stats
NAV
27/10/2021
 GBX 121.56
Day Change 0.02%
Morningstar Category™ Global High Yield Bond - GBP Hedged
IA (formerly IMA) Sector £ High Yield
ISIN GB00BMP3SC51
Fund Size (Mil)
27/10/2021
 GBP 250.95
Share Class Size (Mil)
27/10/2021
 GBP 101.81
Max Initial Charge -
Ongoing Charge
26/02/2021
  0.63%
Morningstar Research
Analyst Report

M&G Global Floating Rate High Yield is a differentiated proposition that offers global high-yield bond exposure with negligible interest-rate duration. But the necessity to hold a liquidity buffer given the illiquidity of the underlying has...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAbove Average
ParentAverage
ProcessAverage
Performance
Price
Investment Objective: M&G Global Floating Rate High Yield Fund Sterling I-H Acc
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the ICE BofAML Global Floating Rate High Yield Index (3% constrained) USD Hedged over any five-year period. At least 70% of the Fund is invested, directly or indirectly, in below investment grade corporate and government Floating Rate Notes. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.
Returns
Trailing Returns (GBP)27/10/2021
YTD4.70
3 Years Annualised3.04
5 Years Annualised2.98
10 Years Annualised-
12 Month Yield 3.06
Management
Manager Name
Start Date
James Tomlins
11/09/2014
Inception Date
11/09/2014
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofAML Glb Fl Rate HY 3% Hdg TR USDICE BofA Gbl HY Constnd TR HGBP
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeYes
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  M&G Global Floating Rate High Yield Fund Sterling I-H Acc30/09/2021
Fixed Income
Effective Maturity-
Effective Duration1.32
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.480.000.48
Bond89.700.0089.70
Property0.000.000.00
Cash93.7085.048.66
Other1.160.001.16

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)