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M&G Global Convertibles Fund I Inc

  • 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 B758PJ1
ISIN GB00B758PJ12
Fund code MGGVI
Managers Leonard Vinville
Manager Tenure 13 years
Morningstar Category Convertible Bond - Global
IMA Sector Specialist
Fund Size £283 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 £13.1290
Buy Price £13.1290
Price Change -0.8218%
Price Date 27th March 2020
Yield 3.40%
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: 0.012%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance +7.22% -4.26% -0.95% +22.42% +5.09% +5.80% +13.42% +6.82% -8.62% +12.07%
Benchmark Performance
(Convertible Bond - Global)
+5.15% -3.18% +3.63% +19.81% +3.49%
Time Period Cumulative Benchmark Performance
(Convertible Bond - Global)
Fund Compared to Benchmark
1 day -0.82% -3.89% +3.07%
1 week -1.46% -5.41% +3.96%
1 month -4.62% -4.94% +0.31%
3 months -4.82% -6.76% +1.94%
6 months -7.62% +0.75% -8.37%
1 year 1.70% +0.18% +1.52%
3 years -1.06% +4.51% -5.57%
5 years 3.72% +4.05% -0.33%
10 years 4.21% +5.13% -0.92%
YTD -3.66% -1.26% -2.39%
Since inception 5.96% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
STMicroelectronics N.V. 0% NLD 2.90%
Vinci SA 0.38% FRA 2.90%
Booking Holdings Inc 0.9% USA 2.81%
Total S.A. 0.5% FRA 2.80%
Northern Trust Global US Dollar D IRL 2.49%
Sony Corporation 0% JPN 2.47%
PROOFPOINT, INC. 0.25% USA 2.25%
Palo Alto Networks Inc 0.75% USA 2.25%
Twitter Inc 0.25% USA 2.06%
Jazz Investments I LTD 1.88% USA 1.92%
Dividend Date Per share amount Reinvestment Price
3rd February 2020 0.5045 £13.8009
1st February 2019 0.4030 £13.4432
1st February 2018 0.3691 £13.9204