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M&G Global Convertibles Class I - Accumulation (GBP)

Sell:226.79p Buy:226.79p Change: 0.78p (0.35%)
Prices as at 14 October 2019
Sell:226.79p
Buy:226.79p
Change: 0.78p (0.35%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 14 October 2019
Sell:226.79p
Buy:226.79p
Change: 0.78p (0.35%)
Prices as at 14 October 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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 income 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): 0.85%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.85%
There are other unit types of this fund available:
Inclusive - Class A - Accumulation (GBP) (Net ongoing charge 0.60%)
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.60%)
Class I - Income (GBP) (Net ongoing charge 0.85%)

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:
Multiple
Fund launch date: 13 July 2007
Sector: Specialist
Fund size: $368 million
Number of holdings: 88
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

14/10/14 to 14/10/15 14/10/15 to 14/10/16 14/10/16 to 14/10/17 14/10/17 to 14/10/18 14/10/18 to 14/10/19
Annual return 7.26% 28.91% -1.11% -4.85% 7.51%

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.

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Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The Fund aims to maximise long term total return (the combination of income and growth of capital) to investors by investing mainly in global convertible assets.

Income Details

Distribution yield : 2.62%
Underlying yield : 2.62%
Income paid: Annually
Type of payment: Interest
Ex-dividend date: 1 February 2020
Payment date: 31 March 20204

This data is provided by Funds Library. 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 August 2019.

Security Weight
Northern Trust USD Fund Class D 3.66%
SONY CORP 0% 30/09/2022 CNV 3.23%
VINCI SA 0% 16/02/2022 CNV 3.05%
BOOKING HOLDINGS INC 1% 15/09/2021 CNV 2.92%
TOTAL SA 0% 02/12/2022 CNV 2.82%
STMICROELECTRONICS NV 0% 03/07/2022 CNV 2.78%
JAZZ INVESTMENTS I LTD 2% 15/08/2021 CNV 2.57%
TWITTER INC 0% 15/06/2024 CNV 2.38%
PALO ALTO NETWORKS INC 1% 01/07/2023 CNV 2.21%
PROOFPOINT INC 0% 15/08/2024 CNV 2.07%
Sector Weight
Bonds 94.48%
Non-Classified 3.60%
Non-Renewable Energy 0.58%
Cash and Equiv. 0.33%
Industrial Metals & Mining 0.33%
Leisure Goods 0.28%
Finance & Credit Services 0.27%
Pharmaceuticals, Biotechnology & Marijuana Producers 0.13%
Country Weight
United States 49.96%
Netherlands 8.41%
France 6.89%
Japan 6.79%
Germany 4.19%
Cash and Equiv. 3.99%
Non-Classified 3.08%
Mexico 3.06%
China 1.93%
Luxembourg 1.75%

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 14 October 2019. Data provided by Funds Library, correct as at 31 August 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.