M&G Global Corporate Bond IH Inc GB
Latest (Mid) Price:
GBX 103.50
Day Change:
+0.06%
| Shares Class | Inc. |
|---|---|
| Yield | 3.67 |
| Total Expense Ratio | 0.72 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 23,957,812.50 | Launch Date | 05/09/2013 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | No | Annual Management Charge (%) | 0.50 |
| Sector | IMA UK Equity Income | Min Investment (£) | 500,000.00 | Total Expense Ratio (%) | 0.72 |
| ISIN | GB00BBCR3H37 | Min Topup (£) | 10,000.00 | Ongoing Charge (%) | 0.7200 (on 30/06/2018) |
Fund Objective
The Fund aims to maximise total return (the combination of income and growth of capital)
Fund Managers
Ben Lord
Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund and deputy fund manager of the M&G (Lux) European Inflation Linked Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Wolfgang Bauer
Wolfgang Bauer is fund manager of the M&G (Lux) European Inflation Linked Corporate Bond Fund and co-manager of the M&G (Lux) Absolute Return Bond Fund and the UK-authorised M&G Absolute Return Bond Fund. He is also deputy fund manager of the M&G Global Corporate Bond Fund and the M&G European Corporate Bond Fund. In January 2018, he was appointed deputy fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Wolfgang joined M&G in 2012 as part of the Investment Graduate Programme. He joined the M&G Retail Fixed Interest team from the Real Estate Finance team in January 2014, focusing on US investment grade credit. Wolfgang gained a PhD in chemistry from the University of Cambridge and also holds the Investment Management Certificate (IMC) and is a CFA and CAIA charterholder.
Asset Breakdown
| Name | Weight |
|---|---|
| Dutch Fixed Interest | 4.85% |
| French Fixed Interest | 10.77% |
| GCC Fixed Interest | 1.48% |
| German Fixed Interest | 2.17% |
| Global Investment Grade Fixed | 5.68% |
| Hong Kong Fixed Interest | 1.33% |
| Italian Fixed Interest | 3.17% |
| Mexican Fixed Interest | 1.24% |
| Money Market | 1.82% |
| Others | 3.76% |
| Spanish Fixed Interest | 5.55% |
| UK Fixed Interest | 22.89% |
| US Fixed Interest | 35.31% |
Region Breakdown
| Name | Weight |
|---|---|
| Austria | 1.16% |
| Bermuda | 0.95% |
| France | 10.77% |
| Germany | 2.17% |
| Hong Kong | 1.33% |
| Italy | 2.37% |
| Money Market | 1.82% |
| Netherlands | 4.85% |
| Saudi Arabia | 0.82% |
| Spain | 5.55% |
| Switzerland | 0.82% |
| UK | 21.19% |
| USA | 44.73% |
| United Arab Emirates | 1.48% |
Sector Breakdown
| Name | Weight |
|---|---|
| Asset/Mortgage-Backed Securiti | 4.89% |
| Banks | 30.12% |
| Basic Industries | 6.06% |
| Capital Goods | 2.83% |
| Consumer Goods | 4.02% |
| Energy | 1.85% |
| Financial Services | 1.16% |
| Government Bonds | 5.69% |
| Health Care | 5.01% |
| Insurance | 8.17% |
| Investment Grade Bonds | 5.68% |
| Local Government Bonds | 1.43% |
| Media | 0.42% |
| Money Market | 1.82% |
| Mortgage & Secured Bonds | 0.80% |
| Others | 1.70% |
| Retail | 3.48% |
| Services | 0.96% |
| Technology | 0.44% |
| Telecommunications | 11.21% |
| Utilities | 2.26% |
Top 10 Holdings
| Name | Weight |
|---|---|
| UNITED STATES OF AMER TREAS NO | 4.16% |
| UNITED STATES OF AMER TREAS BI | 3.23% |
| REYNOLDS AMERICAN INC 5.85% BD | 3.02% |
| AT&T INC 5.25% BDS 01/03/37 US | 2.50% |
| ABN AMRO BANK NV 4.4% NTS 27/0 | 2.45% |
| COOPERATIEVE RABOBANK UA 1% NT | 2.40% |
| BAYER US FINANCE LLC 4.625% BD | 2.17% |
| NEW YORK LIFE GLOBAL FUNDING 2 | 2.03% |
| MASSMUTUAL GLOBAL FUNDIN 2.75 | 1.99% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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