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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 £270 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 £14.3113
Buy Price £14.3113
Price Change -0.1137%
Price Date 22nd May 2020
Yield 3.12%
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: 0.073%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance +0.27% +2.29% -7.41% +20.13% +3.57% +10.89% +4.44% +13.54% -7.14% +5.12%
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 -0.11% +4.93% -5.04%
1 week 1.70% +5.80% -4.09%
1 month 6.39% +1.35% +5.04%
3 months 1.87% +4.33% -2.45%
6 months 4.44% +5.62% -1.18%
1 year 6.40% +3.49% +2.91%
3 years 1.95% +7.24% -5.29%
5 years 5.93% +5.47% +0.46%
10 years 5.66% +5.72% -0.06%
YTD 5.02% +1.30% +3.72%
Since inception 6.60% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Northern Trust Global US Dollar D IRL 4.07%
Vinci SA 0.38% FRA 2.69%
Total S.A. 0.5% FRA 2.66%
PROOFPOINT, INC. 0.25% USA 2.44%
Palo Alto Networks Inc 0.75% USA 2.41%
Trip Com Grp Ltd 1.99% CHN 2.33%
Twitter Inc 0.25% USA 2.27%
Sony Corporation 0% JPN 1.98%
STMicroelectronics N.V. 0% NLD 1.93%
ABIGROVE LIMITED 0% RUS 1.74%
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