| Morningstar Fund Report | 17/04/2025 |  |
M&G Global Floating Rate High Yield Fund Sterling A-H Acc |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 5.4 | -1.8 | 11.9 | 8.8 | 1.9 |
| +/-Cat | 1.5 | 8.9 | 0.6 | 0.7 | 0.8 |
| +/-B’mrk | 0.7 | 9.9 | -0.9 | 0.4 | 0.8 |
| Category: Global High Yield Bond - GBP Hedged | ||||||
| Category Benchmark: Morningstar Gbl HY Bd GR Hd... | ||||||
| Key Stats | ||
| NAV 16/04/2025 | GBX 142.07 | |
| Day Change | 0.11% | |
| Morningstar Category™ | Global High Yield Bond - GBP Hedged | |
| IA (formerly IMA) Sector | £ High Yield | |
| ISIN | GB00BMP3S923 | |
| Fund Size (Mil) 15/04/2025 | GBP 203.57 | |
| Share Class Size (Mil) 15/04/2025 | GBP 2.86 | |
| Max Initial Charge | - | |
| Ongoing Charge 14/02/2025 | 1.03% | |
| Morningstar Research |
| Analyst Report | 28/02/2025 Morningstar Manager Research, Morningstar, Inc |
M&G Global Floating Rate High Yield is a differentiated proposition that offers global high-yield bond exposure with negligible interest-rate duration. But the necessity to hold a liquidity buffer given the illiquidity of the underlying has... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 23 |
| Process | 23 |
| Performance | |
| Price | |
| Investment Objective: M&G Global Floating Rate High Yield Fund Sterling A-H Acc |
| The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the ICE BofAML Global Floating Rate High Yield Index (3% constrained) USD Hedged over any five-year period. At least 70% of the Fund is invested, directly or indirectly, in below investment grade corporate and government Floating Rate Notes. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency. |
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| Management | ||
Manager Name Start Date | ||
James Tomlins 11/09/2014 | ||
Inception Date 11/09/2014 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| ICE BofAML Glb Fl Rate HY 3% Hdg TR USD | Morningstar Gbl HY Bd GR Hdg GBP |
| Portfolio Profile for M&G Global Floating Rate High Yield Fund Sterling A-H Acc | 31/03/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -2.04 | 6.41 | -0.49 | 5.38 | -1.84 | 11.89 | 8.80 | 1.90 |
| +/- Category | 1.88 | -4.97 | -4.10 | 1.53 | 8.89 | 0.64 | 0.66 | 0.82 |
| +/- Category Index | - | - | -5.46 | 0.66 | 9.85 | -0.92 | 0.40 | 0.79 |
| % Rank in Category | 95 | 74 | 79 | 23 | 66 | 2 | 30 | 9 |
| Trailing Returns (GBP) | 16/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.11 | -0.21 | -0.15 |
| 1 Week | 0.50 | -0.14 | -0.66 |
| 1 Month | -1.16 | 0.42 | 0.20 |
| 3 Months | 0.20 | 0.90 | 0.85 |
| 6 Months | 2.93 | 2.60 | 2.44 |
| YTD | 0.52 | 1.10 | 0.76 |
| 1 Year | 6.51 | -0.01 | -1.09 |
| 3 Years Annualised | 6.65 | 2.42 | 2.00 |
| 5 Years Annualised | 8.31 | 2.88 | 2.84 |
| 10 Years Annualised | 3.49 | 0.12 | -0.41 |
| Category: Global High Yield Bond - GBP Hedged | |||
| Category Index: Morningstar Gbl HY Bd GR Hdg GBP | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 1.90 | - | - | - |
| 2024 | 2.79 | 1.37 | 2.07 | 2.29 |
| 2023 | 2.69 | 3.91 | 2.81 | 2.00 |
| 2022 | -0.96 | -7.26 | 2.00 | 4.77 |
| 2021 | 0.96 | 1.99 | 1.02 | 1.30 |
| 2020 | -18.05 | 9.81 | 2.70 | 7.67 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : Global High Yield Bond - GBP Hedged | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar Gbl HY Bd GR Hdg GBP | Morningstar UK HY Bd GR GBP | |
| 3-Yr Beta | 0.30 | 0.46 |
| 3-Yr Alpha | 2.80 | 1.75 |
| Fixed Income Style | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 31/03/2025 |
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| Top 10 Holdings | 31/03/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 0 |
| Total Number of Bond Holdings | 97 |
| Assets in Top 10 Holdings | 27.56 |
| Name | Sector | Country | % of Assets | ||
 Northern Trust Global US Dollar D |  | Ireland | 5.72 | ||
| United States Treasury Notes 4.43218% | | United States | 3.41 | ||
 Cedacri S.p.A. 7.181% | | Italy | 3.02 | ||
| Cerved Group S.p.A. 7.751% | | Italy | 2.75 | ||
| Multiversity S.p.A. 6.865% | | Italy | 2.48 | ||
| SGL Group APS 7.427% | | Denmark | 2.12 | ||
| United States Treasury Notes 4.40485% | | United States | 2.08 | ||
| Kapla Holding SAS (Kiloutou) 6.001% | | France | 2.05 | ||
| Mooney Group S.p.A. 6.376% | | Italy | 2.03 | ||
| Evoca S.p.A 8.035% | | Ireland | 1.92 | ||
Increase Decrease  New since last portfolio | |||||
| Category: Global High Yield Bond - GBP Hedged | |||||
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| Biography | |
| James Tomlins, who has more than a decade of experience in high yield credit, joined M&G in June 2011 and started managing fixed income portfolios in January 2014. The strategies he manages include the Global High Yield Bond, the Global Floating Rate High Yield and the Global High Yield ESG Bond strategies. James was previously an analyst and then a fund manager at Cazenove Capital Management. Before Cazenove, he 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. |
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