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

Sell:1,360.71p Buy:1,360.71p Change: 1.26p (0.09%)
Prices as at 1 December 2023
Sell:1,360.71p
Buy:1,360.71p
Change: 1.26p (0.09%)
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 1 December 2023
Sell:1,360.71p
Buy:1,360.71p
Change: 1.26p (0.09%)
Prices as at 1 December 2023
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): 0.85%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.85%
There are other unit types of this fund available:
Class I - Accumulation (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:
Léonard Vinville
Fund launch date: 13 July 2007
Sector: Specialist
Fund size: £248 million
Number of holdings: 80
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

01/12/18 to 01/12/19 01/12/19 to 01/12/20 01/12/20 to 01/12/21 01/12/21 to 01/12/22 01/12/22 to 01/12/23
Annual return 5.06% 15.14% 2.53% -6.39% -1.62%

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

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

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 Thomson Reuters Global Focus Convertible Bond Index over any five-year period.

Income Details

Distribution yield : 3.80%
Underlying yield : 3.80%
Income paid: Annually
Type of payment: Interest
Ex-dividend date:
Payment date:

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 October 2023.

Security Weight
PRYSMIAN SPA 0% 02/02/2026 CNV 3.25%
AKAMAI TECH INC 0.375% 01/09/2027 CNV 2.95%
BOX INC 0% 15/01/2026 CNV 2.89%
JAZZ INVESTMENTS I LTD 2% 15/06/2026 CNV 2.75%
JPMORGAN CHASE FINANCIAL COMPANY LLC 0% 29/04/2025 CNV 2.54%
CELLNEX TELECOM SA 0.5% 05/07/2028 CNV 2.47%
BNP PARIBAS SA 0% 13/05/2025 CNV 2.46%
SOUTHWEST AIRLINES CO 1.25% 01/05/2025 CNV 2.45%
CYBER ARK SOFTWARE LTD 0% 15/11/2024 CNV 2.34%
LANTHEUS HOLDINGS INC 2.625% 15/12/2027 CNV 2.30%
Sector Weight
Bonds 84.85%
Non-Classified 11.20%
Consumer Services 1.20%
Leisure Goods 0.84%
Cash and Equiv. 0.64%
Software & Computer Services 0.41%
Real Estate Investment & Services 0.36%
Travel & Leisure 0.30%
Retailers 0.20%
Country Weight
United States 37.85%
Non-Classified 15.95%
United Kingdom 7.06%
Germany 6.32%
France 5.28%
Israel 4.65%
Italy 3.94%
Netherlands 2.97%
Spain 2.47%
South Korea 1.65%

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 1 December 2023. Data provided by Broadridge, correct as at 31 August 2023.

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.