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M&G Global Floating Rate High Yield Fund Sterling I-H Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Limited
Fund Summary The Fund is designed to maximise total return (the combination of income and growth of capital).
SEDOL code BMP3SD6
ISIN GB00BMP3SD68
Fund code MGFRI
Managers James Tomlins
Manager Tenure 5 years
Morningstar Category Global High Yield Bond - GBP Hedged
IMA Sector £ High Yield
Fund Size £520 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.83%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £0.9573
Buy Price £0.9573
Price Change -0.0731%
Price Date 18th July 2019
Yield 4.65%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 11th September 2014
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: 0.298%

Annual Returns 2018 2017 2016 2015
Fund Performance +2.37% +0.74% +7.82% +0.51%
Benchmark Performance
(Global High Yield Bond - GBP Hedged)
-0.01% +3.51% +12.23% -2.42%
Time Period Cumulative Benchmark Performance
(Global High Yield Bond - GBP Hedged)
Fund Compared to Benchmark
1 day -0.07% -0.01% -0.06%
1 week -0.08% +0.73% -0.82%
1 month 0.82% +0.43% +0.39%
3 months 0.30% +1.91% -1.61%
6 months 3.13% +5.50% -2.37%
1 year 2.43% +3.54% -1.11%
3 years 11.25% +15.13% -3.88%
5 years Currently unavailable +16.04% Currently unavailable
10 years Currently unavailable +114.33% Currently unavailable
YTD 4.53% +6.91% -2.38%
Since inception 13.30% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Cdx.Na.Hy.28.V2--2022-06-20 USA 7.89%
Cdx.Na.Hy.29.V4--2022-12-20 USA 6.48%
Wind Tre S.p.A. 2.75% ITA 2.79%
Picard Groupe S.A.S. 3% FRA 2.66%
United States Treasury Notes 2.13% USA 2.26%
Synlab Bondco Plc 3.5% GBR 2.12%
Lincoln Financing S.a. r.l 3.88% LUX 1.89%
Cdx Na Hy S26--2021-06-20 USA 1.88%
Reynolds Group Issuer LLC. 6.1% USA 1.69%
Itraxx.Xo.29.V1--2023-06-20 1.40%
Dividend Date Per share amount Reinvestment Price
1st May 2019 0.0105 £0.9555
1st February 2019 0.0119 £0.9408
1st November 2018 0.0115 £0.9610
1st August 2018 0.0115 £0.9762
1st May 2018 0.0106 £0.9869
1st February 2018 0.0110 £0.9890