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Aberdeen American Growth  
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Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Contact details

ManagerGroupLogo
M&G Group, Laurence Pountney Hill, London, EC4R 0HH
0800 328 3196 (Dealing)
20 7626 4588 (Enquiries)
0870 043 4200 (Fax Number)
0800 328 3191 (IFA Support)
0800 390 390 (Main Number)

info@mandg.co.uk

Fund managers

* Stefan Isaacs30-Sep-2010 to Present
 
view    
James Tomlins»01-Dec-2011 to Present
Jim Leaviss»01-Jul-2007 to 30-Sep-2010
David Fancourt»01-Aug-2000 to 30-Jun-2007
James Gledhill»01-Oct-1998 to 01-Aug-2000


Investment objectives

The Fund is designed to maximise total return (the combination of income and growth of capital) while generating a high level of income.

Key Information

Fund vs sector

  1y 3y
Position 20 / 24 10 / 21
Quartile 4 2

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
n/aS&P Rating
(Qualitative)
FE Crown Rating: 2 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 2.82 2.82
Alpha -1.67 -1.67
Beta 1.12 1.12
Sharpe 1.55 1.55
Info Ratio -0.39 -0.39
R2 0.64 0.64
Quartiles:   1  2  3  4   help with ratios
vs. Sterling High Yield»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +7.6+31.5+48.3+9.4+11.7+0.9+11.8
  STERLING HIGH YIELD   +8.5+30.7+55.9+8.6+10.9+1.8+17.2
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G GLOBAL HIGH YIELD BOND I ACC GBP ACC 1209.07 (p) 02-Sep-2014 5.44 0.81% 0ZEE B4Z1M21
pdf M&G GLOBAL HIGH YIELD BOND I INC GBP INC 1094.99 (p) 02-Sep-2014 5.46 0.81% 0ZEF B6ZD1B3
pdf M&G GLOBAL HIGH YIELD BOND R ACC GBP ACC 120.19 (p) 02-Sep-2014 5.09 1.16% 0ZEG B3ZG2Y1
pdf M&G GLOBAL HIGH YIELD BOND R INC GBP INC 109.50 (p) 02-Sep-2014 5.11 1.16% 0ZEH B7K97Y8
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G GLOBAL HIGH YIELD BOND A INC GBP INC 51.84 (p) 02-Sep-2014 4.86 1.41% MY15 3195710
pdf M&G GLOBAL HIGH YIELD BOND A ACC GBP ACC 117.40 (p) 02-Sep-2014 4.84 1.41% MY22 3195721
pdf M&G GLOBAL HIGH YIELD BOND X INC GBP INC 51.85 (p) 02-Sep-2014 4.86 1.41% PK21 3111040
pdf M&G GLOBAL HIGH YIELD BOND X ACC GBP ACC 117.48 (p) 02-Sep-2014 4.84 1.41% PK22 3111051

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,304.6m / $2,167.4m (31-Jul-14)
Savings plan Fund has Savings Plan Minimum: GBX 10.0 Monthly Launch16-Oct-1998
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:00 to 18:00
Minimum initialGBX 500
Minimum additionalGBX 100
Initial charge3.00%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policyJan 01, Feb 01, Mar 01, Apr 01, May 01, Jun 01 (Final), Jul 01, Aug 01, Sep 01, Oct 01, Nov 01, Dec 01
Peer groups
Region Asset Class Investment Focus Sector
Global Fixed Interest Corporate Sterling High Yield
Largest holdings, 29-Aug-2014
Holding (%) Rank Prev Fund factsheet Equity factsheet
TREASURY 2.75% GILT 22/01/15 GBP 7.53 1 (1) - *
MATTERHORN MOBILE SA 6.75% BDS 15/05/19 CHF1000 REG S 1.72 2 (3) - -
GERMANY(FEDERAL REPUBLIC) 3.75% BDS 04/01/19 EUR0.01 1.42 3 (4) - -
UPCB FINANCE II LTD 6.375% SNR NTS 01/07/20 EUR1000 REG S 1.15 4 (5) - -
UNITYMEDIA KABELBW GMBH 9.5% NTS 15/03/21 EUR100000 REG S 1.14 5 (6) - -
NORTHERN TRUST GLOBAL FUND PLC STERLING E GBP DIS 1.13 6 (2) - -
BAKKAVOR FINANCE 2 PLC 8.25% LN STK 15/02/18 GBP100000 REG S 1.05 7 (7) - -
LOWELL GROUP FINANCING PLC 10.75% BDS 01/04/19 GBP1000 REG S 1.02 8 (8) - -
UPCB FINANCE LTD 7.625% SNR SEC NTS 15/01/20 EUR`REG S` 0.97 9 (9) - -
REYNOLDS GROUP ISSUER INC/LLC/SA 5.75% BDS 15/10/20 USD1000 0.97 10 (-) - -
Total18.10 
Regional weightings, 31-Jul-2014
Region(%)Rank 
US28.311 28.31% US
UK24.182 24.18% UK
Other14.923 14.92% Other
Luxembourg9.244 9.24% Luxembourg
Germany5.285 5.28% Germany
Netherlands4.196 4.19% Netherlands
Cash4.007 4.00% Cash
France3.798 3.79% France
Italy3.459 3.45% Italy
Ireland2.6410 2.64% Ireland
Total100.00 
Sector weightings, 31-Jul-2014
Sector(%)Rank 
Banking15.681 15.68% Banking
Consumer13.652 13.65% Consumer
Industrials12.193 12.19% Industrials
Media11.864 11.86% Media
Telecommunications11.435 11.43% Telecommunications
Sovereign10.076 10.07% Sovereign
Services7.837 7.83% Services
Energy6.688 6.68% Energy
Cash4.009 4.00% Cash
Utility2.6710 2.67% Utility
Insurance2.0511 2.05% Insurance
Technology1.0712 1.07% Technology
Other0.5713 0.57% Other
Securitised0.2514 0.25% Securitised
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Asset allocation

High yield bonds, 88.77%
88.7700% ofHigh yield bonds
Government bonds, 6.40%
6.4000% ofGovernment bonds
Investment grade bonds, 3.53%
3.5300% ofInvestment grade bonds
Unrated non-government bonds, 1.30%
1.3000% ofUnrated non-government bonds

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