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M&G European High Yield Bond I Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Limited
Fund Summary The Fund aims to provide income and capital growth. At least 70% of the Fund is invested in higher yielding debt instruments denominated in any European currency and will normally be managed to give investors exposure to European currencies. The Funds exposure to higher yielding debt instruments may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. The Fund may also invest in collective investment schemes, government and public securities and other transferable securities, cash, near cash, other money market instruments, warrants and other derivative instruments which may be denominated in any major global currency. Any non-European currency exposures within the Fund may be managed by currency hedges in European currencies. More than 70% of the Fund will be in euro or hedged back to euro.
SEDOL code B7FS245
ISIN GB00B7FS2455
Fund code MGELI
Managers James Tomlins
Manager Tenure 8 years
Morningstar Category EUR High Yield Bond
IMA Sector Global Bonds
Fund Size £29 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.7%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £12.7318
Buy Price £12.7318
Price Change +0.3864%
Price Date 20th August 2019
Yield 4.54%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 15th October 1999
Fund Status OPEN
James Tomlins joined M&G in June 2011 and was appointed fund manager of the M&G European High Yield Bond Fund later that year. In January 2014, he became co-manager of the M&G Global High Yield Bond Fund after two years as deputy manager on the fund. James has also managed the M&G Global Floating Rate High Yield Fund since its launch in September 2014 and is co-fund manager of the M&G (Lux) Floating Rate High Yield Solution, launched in August 2017 and the M&G (Lux) Global High Yield ESG Bond Fund on launch in October 2017. 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. He graduated with an MA in history and PgDip in economics from the University of Cambridge.

3-year Mean Monthly Return: 0.629%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +8.21% +0.42% +16.38% +16.91% -12.41% +7.27% +20.36% -10.24% +22.01% +18.07%
Benchmark Performance
(EUR High Yield Bond)
+7.81% +0.94% +19.34% +16.23% -11.44%
Time Period Cumulative Benchmark Performance
(EUR High Yield Bond)
Fund Compared to Benchmark
1 day 0.39% +0.01% +0.37%
1 week -0.89% +1.20% -2.10%
1 month 2.50% +3.42% -0.92%
3 months 7.23% +5.04% +2.19%
6 months 11.19% +4.74% +6.46%
1 year 7.25% +2.90% +4.36%
3 years 18.87% +25.80% -6.94%
5 years 34.58% +27.98% +6.60%
10 years 95.02% +129.04% -34.02%
YTD 11.14% +4.67% +6.47%
Since inception 164.43% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Itraxx.Xo.31.V1--2024-06-20 5.16%
Hanesbrands Finance Luxembourg S.C.A. 3.5% USA 2.11%
OI European Group B.V. 3.12% NLD 2.03%
Iceland Bondco Plc 4.62% GBR 1.95%
Telenet Finance VI Luxembourg S.C.A. 4.88% DEU 1.82%
Ziggo Finance Bv 3.75% NLD 1.82%
Dkt Finance Aps 7% DNK 1.78%
Wind Tre S.p.A. 2.75% ITA 1.62%
Selecta Group B.V. 5.88% NLD 1.60%
Germany (Federal Republic Of) 0% DEU 1.54%
Dividend Date Per share amount Reinvestment Price
1st July 2019 0.1433 £12.4634
1st April 2019 0.1168 £11.6355
2nd January 2019 0.1244 £11.7890
1st October 2018 0.1238 £12.2249
2nd July 2018 0.1322 £11.9579
3rd April 2018 0.1235 £12.2021