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M&G Global Macro Bond Class I - Income (GBP)

Sell:113.08p Buy:113.08p Change: 0.18p (0.16%)
Prices as at 28 March 2024
Sell:113.08p
Buy:113.08p
Change: 0.18p (0.16%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 28 March 2024
Sell:113.08p
Buy:113.08p
Change: 0.18p (0.16%)
Prices as at 28 March 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as accumulation units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.63%
Ongoing saving from HL: 0.17% i
Net ongoing charge: 0.46%
There are other unit types of this fund available:
Class I - Accumulation (GBP) (Net ongoing charge 0.46%)
Class I-H - Accumulation (GBP) (Net ongoing charge 0.66%)
Class I-H - Income (GBP) (Net ongoing charge 0.66%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Jim Leaviss
Fund launch date: 15 October 1999
Sector: Global Bonds
Fund size: £1,377 million
Number of holdings: 211
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

27/03/19 to 27/03/20 27/03/20 to 27/03/21 27/03/21 to 27/03/22 27/03/22 to 27/03/23 27/03/23 to 27/03/24
Annual return 14.07% -4.84% -1.91% 0.60% -4.55%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

HL Research

This fund is run by an experienced, talented, manager with great flexibility to invest across global bond markets. A significant proportion of the fund can be invested overseas and the fund can be heavily exposed to foreign currencies, particularly the US dollar.

Unlike many global bond fund managers Jim Leaviss...

Fund Objective

The Fund aims to provide a higher total return (the combination of capital growth and income) net of the Ongoing Charge Figure, than the average return of the IA Global Mixed Bond Sector over any five-year period.

Income Details

Distribution yield : 3.80%
Underlying yield : 3.80%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 February 2024 1 May 2024 1 August 2024 1 November 2024
Payment date: 31 March 20244 30 June 20244 30 September 20244 31 December 20244

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 December 2023.

Security Weight
JPY/USD JPY 12.70%
UNITED STATES TREASURY 2.375% 15/01/2027 6.29%
USD/GBP USD 5.96%
UNITED STATES TREASURY 3% 15/11/2044 4.16%
GBP/USD USD 4.07%
UNITED STATES TREASURY 4.125% 15/11/2032 3.57%
UNITED STATES TREASURY 3.375% 15/08/2042 3.28%
JPY/EUR JPY 2.82%
UNITED STATES TREASURY 0.25% 15/06/2024 2.57%
JPY/GBP JPY 2.54%
Sector Weight
Bonds 89.55%
Alternative Trading Strategies 20.37%
Cash and Equiv. 6.89%
Non-Classified -16.80%
Country Weight
United States 33.85%
United Kingdom 10.06%
Germany 7.96%
Cash and Equiv. 6.89%
Non-Classified 4.20%
France 3.29%
New Zealand 2.72%
Mexico 2.64%
Indonesia 2.37%
Norway 2.14%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 28 March 2024. Data provided by Broadridge, correct as at 31 January 2024.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.