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M&G Global High Yield Bond Fund 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 80% of the Fund is invested in higher yielding corporate debt instruments which may be denominated in sterling, European currencies and other major global currencies, should the investment managers deem them to be appropriate investments. The Funds exposure to higher yielding corporate debt instruments may be gained through the use of derivatives and any currency exposures within the Fund may be managed by currency hedges into sterling. 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. More than 80% of the Fund will be in sterling or hedged back to sterling.
SEDOL code B6ZD1B3
ISIN GB00B6ZD1B32
Fund code MGHII
Managers Stefan Isaacs, James Tomlins
Manager Tenure 9 years
Morningstar Category Global High Yield Bond - GBP Hedged
IMA Sector £ High Yield
Fund Size £1,178 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 £10.4956
Buy Price £10.4956
Price Change +0.1374%
Price Date 21st August 2019
Yield 5.20%
Dividend Frequency Monthly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 16th October 1998
Fund Status OPEN
Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. He 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. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.

3-year Mean Monthly Return: 0.396%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +6.36% -0.16% +10.47% +1.87% -0.50% +11.49% +11.63% +1.49% +9.81% +18.33%
Benchmark Performance
(Global High Yield Bond - GBP Hedged)
+6.85% -0.95% +10.36% +1.19% -0.29%
Time Period Cumulative Benchmark Performance
(Global High Yield Bond - GBP Hedged)
Fund Compared to Benchmark
1 day 0.20% -0.01% +0.21%
1 week 0.09% +0.73% -0.64%
1 month 0.11% +0.43% -0.33%
3 months 2.07% +1.91% +0.16%
6 months 4.56% +5.50% -0.94%
1 year 5.02% +3.54% +1.48%
3 years 13.74% +15.13% -1.39%
5 years 19.04% +16.04% +3.00%
10 years 80.61% +114.33% -33.72%
YTD 8.66% +6.91% +1.74%
Since inception 187.00% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
United Kingdom of Great Britain and Northern Ireland 1.75% GBR 4.89%
Cdx Na Hy S28--2022-06-20 USA 2.28%
Cdx Na Hy S29--2022-12-20 USA 1.29%
Sirius XM Holdings Inc 5% USA 1.18%
Cdx.Na.Hy.31.V1--2023-12-20 USA 1.14%
Netflix, Inc. 3.62% USA 1.05%
Telefonica Europe B V 4.38% NLD 1.04%
Bausch Health Companies Inc 7% CAN 1.03%
Wind Tre S.p.A. 2.75% ITA 0.98%
Cabot Financial (Luxembourg) SA 7.5% USA 0.87%
Dividend Date Per share amount Reinvestment Price
1st August 2019 0.0540 £10.5272
1st July 2019 0.0394 £10.5487
3rd June 2019 0.0503 £10.2854
1st May 2019 0.0426 £10.4787
1st April 2019 0.0431 £10.3781
1st March 2019 0.0399 £10.3377