M&G European High Yield Bond Class X Accumulation
Also available as income units
Overview
| Fund manager's initial charge | 0.00% |
|---|---|
| HL initial saving | 0.00% |
| Net initial charge | 0.00% |
| Dealing charge | Free |
| Fund manager's annual charge | 1.25% |
| Performance charges | No |
| Total Expense Ratio | 1.44% |
| HL annual saving | 0.125% 2 |
| Platform fee | Free |
| Launch date | 15-10-1999 |
| Launch price | £0.50 |
| Sector | Global Bonds |
| Fund size | £55.00 million |
| Number of holdings | 105 |
| Fund type | OEIC |
| Type of units | Accumulation |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above.
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Before you invest please read the key features and Simplified Prospectus/Key Investor Information Document for more details.
HL research - our view on this fund
About the Fund Manager
Stefan Isaacs
Located in: London
Stefan Isaacs joined M&G in 2001and was promoted to corporate bond dealer specialising in high yield bonds and structured credit two years later. He joined the fund management team in 2006 as an assistant fund manager covering high yield bonds for retail funds. He was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and he became fund manager of the M&G European High Yield Bond Fund in August 2007. Stefan graduated from Manchester Metropolitan University with a degree in international business and French.
Income details
| Distribution yield | 8.22% |
|---|---|
| Underlying yield | 8.22% |
| Income paid | Quarterly |
| Type of payment | Interest |
| Yield calculation basis | Effective |
| Charges deducted from | Income |
All yields are variable and not guaranteed. Information as at 31-12-2011.
Distribution dates
| Ex-dividend date | 01 January 2012 |
|---|---|
| Payment date 4 | 28 February 2012 |
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Top 10 holdings
| NORTHERN TRUST GLOBAL FUND | 9.17% |
|---|---|
| 5¼% Treasury Gilt 2012 | 3.51% |
| NORCELL SWEDEN HOLDING 2 | 2.42% |
| VIRGIN MEDIA FINANCE PLC | 2.37% |
| CODERE FIN LUXEMBOURG SA | 2.26% |
| CATALENT PHARMA SOLUTION | 2.18% |
| KABEL DEUTSCHLAND GMBH | 1.79% |
| BOATS INVEST NETHERLANDS | 1.76% |
| ZIGGO BOND CO | 1.70% |
| NEW WORLD RESOURCES BV | 1.53% |
Top 10 sectors
| Bonds | 88.74% |
|---|---|
| Managed Funds | 9.17% |
| Cash and Equiv. | 2.54% |
| Non-Classified | -0.45% |
Top 10 countries
| United Kingdom | 19.46% |
|---|---|
| Netherlands | 13.37% |
| Luxembourg | 12.72% |
| Germany | 10.63% |
| United States | 9.26% |
| Managed Funds | 9.17% |
| Ireland | 6.61% |
| Non-Classified | 3.00% |
| Sweden | 2.96% |
| Spain | 2.78% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving is not available in the SIPP or Junior ISA.
4 If you elect to receive the income from a Vantage ISA, Fund or 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.
Prices as at 09-02-2012. Data as at 31/12/2011.
