M&G European High Yield Bond X Acc GBP
Latest (Mid) Price:
GBX 122.45
Day Change:
+0.07%
| Shares Class | Inc. |
|---|---|
| Yield | 3.05 |
| Total Expense Ratio | 1.20 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 26,862,126.00 | Launch Date | 15/10/1999 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | Yes | Annual Management Charge (%) | 1.20 |
| Sector | IMA UK Equity Income | Min Investment (£) | 500.00 | Total Expense Ratio (%) | 1.20 |
| ISIN | GB0031288029 | Min Topup (£) | 100.00 | Ongoing Charge (%) | 1.2000 (on 01/08/2019) |
Fund Objective
The Fund aims to provide income and capital growth.
Fund Managers
Stefan Isaacs
Stefan Isaacs is deputy head of M&G's Wholesale Fixed Income team and is fund manager of the M&G (Lux) European Corporate Bond Fund. He is also co-fund manager of the M&G (Lux) Global High Yield Bond Fund, M&G (Lux) Floating Rate High Yield Solution, M&G (Lux) Global High Yield ESG Bond Fund and M&G (Lux) Global High Yield Bond 2023 Fund, and deputy fund manager of the M&G (Lux) Optimal Income Fund. Stefan initially 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, becoming part of the fund management team in 2006.
James Tomlins
James Tomlins is fund manager of the M&G (Lux) Global Floating Rate High Yield Fund and co-manager of the M&G (Lux) Global High Yield Bond Fund, M&G (Lux) Floating Rate High Yield Solution, M&G (Lux) Global High Yield ESG Bond Fund and M&G (Lux) Global High Yield Bond 2023 Fund since launch. James is a specialist in high yield credit with more than 10 years’ experience in this sector. He was previously an analyst and then a fund manager at Cazenove Capital Management. Before Cazenove, James 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 and graduated with an MA in history and PgDip in economics from the University of Cambridge.
Asset Breakdown
| Name | Weight |
|---|---|
| Chilean High Yield Fixed Inter | 1.40% |
| Chinese High Yield Fixed Inter | 1.08% |
| Czech High Yield Fixed Interes | 1.37% |
| Dutch High Yield Fixed Interes | 2.73% |
| European Emerging High Yield F | 0.85% |
| French High Yield Fixed Intere | 7.03% |
| German High Yield Fixed Intere | 5.00% |
| Irish High Yield Fixed Interes | 4.19% |
| Italian High Yield Fixed Inter | 6.24% |
| Luxembourg High Yield Fixed In | 5.11% |
| Mexican High Yield Fixed Inter | 1.53% |
| Middle East & African High Yie | 0.71% |
| Money Market | 27.36% |
| Spanish High Yield Fixed Inter | 6.36% |
| Swedish High Yield Fixed Inter | 2.80% |
| Swiss High Yield Fixed Interes | 2.19% |
| UK High Yield Fixed Interest | 9.75% |
| US High Yield Fixed Interest | 14.30% |
Region Breakdown
| Name | Weight |
|---|---|
| Chile | 1.40% |
| China | 1.08% |
| Czech Republic | 1.37% |
| France | 7.03% |
| Germany | 5.00% |
| Ireland | 4.19% |
| Israel | 0.71% |
| Italy | 6.24% |
| Luxembourg | 5.11% |
| Mexico | 1.53% |
| Money Market | 27.36% |
| Netherlands | 2.73% |
| Romania | 0.85% |
| Spain | 6.36% |
| Sweden | 2.80% |
| Switzerland | 2.19% |
| UK | 9.75% |
| USA | 14.30% |
Sector Breakdown
| Name | Weight |
|---|---|
| Automotive | 2.59% |
| Banks | 10.97% |
| Basic Industries | 9.08% |
| Capital Goods | 10.98% |
| Consumer Goods | 1.49% |
| Energy | 1.97% |
| Financial Services | 5.90% |
| Health Care | 3.18% |
| High Yield Bond | 24.79% |
| Leisure | 2.81% |
| Media | 2.25% |
| Money Market | 6.07% |
| Others | 0.00% |
| Real Estate | 1.37% |
| Retail | 7.01% |
| Services | 3.98% |
| Technology | 0.96% |
| Telecommunications | 4.18% |
| Transport | 0.41% |
Top 10 Holdings
| Name | Weight |
|---|---|
| NORTHERN TRUST GLOBAL FDS PLC( | 10.21% |
| GERMANY(FEDERAL REPUBLIC OF) 0 | 2.01% |
| OI EUROPEAN GROUP 3.125% BDS 1 | 2.01% |
| ARROW GLOBAL FINANCE PLC 5.125 | 1.78% |
| HANESBRANDS INC 3.5% NTS 15/06 | 1.73% |
| ARDAGH PACKAGING FINANCE 4.75% | 1.70% |
| BANCO DE SABADELL SA 6.5% UNDA | 1.60% |
| CAIXABANK SA FRN 31/12/49 EUR2 | 1.53% |
| CEMEX S.A.B. DE C.V. 2.75% BDS | 1.53% |
| INTRUM JUSTITIA AB 3 | 1.49% |
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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