M&G Global Floating Rate High Yield AH Acc GBP
ISIN: GB00BMP3S923 | MEX: MGAABN | CITI: KJHO
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Buy 134.02 GBX
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Sell 134.02 GBX
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Price Change 0.11200%
Past Performance
- 5th May 2019 to 5th May 2020-12.99%
- 5th May 2020 to 5th May 202119.20%
- 5th May 2021 to 5th May 20221.38%
- 5th May 2022 to 5th May 20233.84%
- 5th May 2023 to 5th May 202411.30%
Objectives and Approach
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.
Key Information
| Inception | 11th Sep 2014 |
| Historic Yield | 7.3444% |
| Sector | IA Sterling High Yield |
| Fund Size | £320.006mn |
| Fund Type | OEIC |
| Classification | Accumulation |
Charges
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Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
1.1569% |
| Initial Charge | 0% |
| AMC | 0 |
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Our Platform Charge We charge a platform fee starting at 0.35% for the first £250,000 of assets. Our charges for assets above £250,000 are shown on our rates and charges sheet |
0.35% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here |
0.35% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
1.1569% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Performance
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Chart Options
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This fund's IA Sector (IA Sterling High Yield)
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Current Comparators -
Cumulative Performance
1 month 3 months 6 months 1 year 3 years 5 years 0.33% 1.51% 5.91% 11.30% 17.17% 21.52%
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
133,764 bytes PDF Document; last updated 31 Mar 2024
70,699 bytes PDF Document; last updated 12 Feb 2024
699,847 bytes PDF Document; last updated 31 Jan 2024
667,824 bytes PDF Document; last updated 31 Jul 2023
998,578 bytes PDF Document; last updated 19 Jan 2024
Management Team
James Tomlins Stefan Isaacs Lu Yu
James Tomlins
has managed this fund for 9 years and 7 months.
James Tomlins, who has more than a decade of experience in high yield credit, joined M&G in June 2011 and started managing fixed income portfolios in January 2014. The strategies he manages include the Global High Yield Bond, the Global Floating Rate High Yield and the Global High Yield ESG Bond strategies. James was previously an analyst and then a fund manager at Cazenove Capital Management. Before Cazenove, he was at KBC Alternative Investment Management; in the three years prior to that, he worked at Merrill Lynch Investment Managers. James is a CFA charterholder. He graduated with an MA in history and PgDip in economics from the University of Cambridge.
Manager Cumulative Performance v Peer Group
All funds managed by James
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| M&G (L)SusGHYBd | Co | Oct 2017 |
| M&G (L)SusGHYBd | Co | Oct 2017 |
| M&G GblFlRtHiY | Co | Sep 2014 |
| M&G GblFlRtHiY | Co | Sep 2014 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
Stefan Isaacs
has managed this fund for 9 years and 7 months.
Stefan Isaacs is Deputy CIO of Public Fixed Income and Head of M&G's Wholesale Fixed Income business. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. He was appointed fund manager of the M&G European corporate bond strategy in April 2007. Since 2010, he has also been managing a number of high yield and high yield ESG strategies in London and in Luxembourg.
Manager Cumulative Performance v Peer Group
All funds managed by Stefan
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| M&G Gbl Hi Yield Bd | Co | Sep 2010 |
| M&G Gbl Hi Yield Bd | Co | Sep 2010 |
| M&G Gbl Hi Yield Bd | Co | Sep 2010 |
| M&G Gbl Hi Yield Bd | Co | Sep 2010 |
| M&G Optimal Income | Co | Dec 2006 |
| M&G Optimal Income | Co | Dec 2006 |
| M&G (L)SusGHYBd | Co | Aug 2021 |
| M&G (L)SusGHYBd | Co | Aug 2021 |
| M&G (Lux) Opti Inc | Co | Sep 2018 |
| M&G GblFlRtHiY | Co | Sep 2014 |
| M&G Gbl Hi Yield Bd | Co | Sep 2010 |
| M&G Optimal Income | Co | Dec 2006 |
| M&G GblFlRtHiY | Co | Sep 2014 |
| M&G Gbl Hi Yield Bd | Co | Sep 2010 |
| M&G Optimal Income | Co | Dec 2006 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
Lu Yu
has managed this fund for 3 months.
Lu Yu joined M&G in September 2007 as part of the graduate intake and worked as a business analyst. In March 2010 she transitioned to corporate credit research and spent eight years working on sectors including airlines, aerospace & defence and auto, researching both investment grade and high yield bonds. Her primary focus is on high yield bonds and ESG engagement. Since March 2019, she has been part of the management team of M&G’s Global High Yield ESG Bond strategies, first in Luxembourg and from February 2020 in London. Lu holds a BEng of Computer Science and Technology from Dalian University of Technology (China), and a MSc in Multimedia Technology from University of Bath. She is a CFA charterholder.
Manager Cumulative Performance v Peer Group
All funds managed by Lu
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| M&G (L)SusGHYBd | Co | Mar 2019 |
| M&G (L)SusGHYBd | Co | Mar 2019 |
| M&G GblFlRtHiY | Co | Feb 2024 |
| M&G GblFlRtHiY | Co | Feb 2024 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |
| M&G SusGblHiYieldBd | Co | Feb 2020 |