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M&G Global Convertibles Fund I Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Securities Ltd
Fund Summary The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the Thomson Reuters Global Focus Convertible Bond Index over any five-year period.
SEDOL code B1Z6838
ISIN GB00B1Z68387
Fund code MGGVA
Managers Leonard Vinville
Manager Tenure 13 years
Morningstar Category Convertible Bond - Global
IMA Sector Specialist
Fund Size £284 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.85%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £2.3384
Buy Price £2.3384
Price Change -0.6415%
Price Date 2nd June 2020
Yield 2.30%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 4th February 2013
Fund Status OPEN
Léonard Vinville joined M&G in 2002, and since then has been managing the convertibles allocation of the Prudential With Profit Life Fund. He has also been responsible for managing the M&G Global Convertibles Fund since its launch in July 2007. Both funds are run with the same investment approach and with an emphasis on generating strong risk-adjusted returns. Prior to joining M&G, Léonard was head of European convertibles at AGF Asset Management in Paris, where he managed convertibles and French equity mandates. He has an MBA and is qualified as a chartered accountant.

3-year Mean Monthly Return: 0.184%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance +0.30% +2.31% -7.41% +20.19% +3.58% +10.89% +4.47% +13.25% -6.58% +5.76%
Benchmark Performance
(Convertible Bond - Global)
-1.51% +0.83% -1.99% +18.82% +1.79%
Time Period Cumulative Benchmark Performance
(Convertible Bond - Global)
Fund Compared to Benchmark
1 day -0.64% +5.47% -6.11%
1 week 0.14% +5.30% -5.16%
1 month 5.35% +2.90% +2.45%
3 months 4.16% +5.00% -0.84%
6 months 4.56% +6.69% -2.14%
1 year 6.90% +2.95% +3.95%
3 years 1.55% +7.02% -5.47%
5 years 5.68% +5.78% -0.10%
10 years 6.05% +5.75% +0.30%
YTD 5.04% +0.69% +4.35%
Since inception 6.81% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Northern Trust Global US Dollar D IRL 4.14%
Trip Com Grp Ltd 1.99% CHN 2.40%
Twitter Inc 0.25% USA 2.39%
PROOFPOINT, INC. 0.25% USA 2.38%
Vinci SA 0.38% FRA 2.33%
Palo Alto Networks Inc 0.75% USA 2.32%
JPMorgan Chase Bank, National Association 0% USA 1.91%
Airbus SE 0% FRA 1.73%
Chegg Inc 0.12% USA 1.71%
CEMEX S.A.B. de C.V. 3.72% MEX 1.69%
Dividend Date Per share amount Reinvestment Price
3rd February 2020 0.0606 £2.2553
1st February 2019 0.0422 £2.1187
1st February 2018 0.0368 £2.1296