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

Sell:167.91p Buy:167.91p Change: 0.56p (0.34%)
Prices as at 20 October 2020
Sell:167.91p
Buy:167.91p
Change: 0.56p (0.34%)
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 20 October 2020
Sell:167.91p
Buy:167.91p
Change: 0.56p (0.34%)
Prices as at 20 October 2020
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 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): 0.78%
Ongoing saving from HL: 0.32% i
Net ongoing charge: 0.46%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 0.46%)
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 0.46%)
Class I - Income (GBP) (Net ongoing charge 0.46%)

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: 15 October 1999
Sector: Global Bonds
Fund size: £1,965 million
Number of holdings: 216
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

20/10/15 to 20/10/16 20/10/16 to 20/10/17 20/10/17 to 20/10/18 20/10/18 to 20/10/19 20/10/19 to 20/10/20
Annual return 30.15% -3.58% -1.99% 9.70% 9.36%

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...

Our latest article

In this newly enhanced fund update, Investment Analyst Joseph Hill shares our analysis on the manager, process, culture, cost and performance of the M&G Global Macro Bond fund.

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 Bonds Sector over any five-year period.

Income Details

Distribution yield : 0.79%
Underlying yield : 0.79%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 November 2020 1 February 2021 1 May 2021 1 August 2021
Payment date: 31 December 20204 31 March 20214 30 June 20214 30 September 20214

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 30 September 2020.

Security Weight
UNITED STATES TREASURY 2.750000% 15/02/2028 10.87%
UNITED STATES TREASURY 0.625000% 15/05/2030 9.41%
UNITED STATES TREASURY 3.000000% 15/08/2048 7.67%
UNITED STATES TREASURY 3.875000% 15/04/2029 4.62%
NETHERLANDS (KINGDOM OF) 0.000000% 15/07/2030 3.73%
GERMANY (FEDERAL REPUBLIC OF) 0.500000% 15/02/2025 3.44%
1 5/8% Treasury Gilt 2028 3.24%
AUSTRALIA (COMMONWEALTH OF) 1.750000% 21/06/2051 2.57%
JAPAN (GOVERNMENT OF) 0.100000% 10/03/2029 2.42%
UNITED STATES TREASURY 0.625000% 15/01/2026 2.29%
Sector Weight
Bonds 97.57%
Alternative Trading Strategies 11.30%
Cash and Equiv. 0.85%
Non-Classified -9.71%
Country Weight
United States 47.32%
United Kingdom 9.48%
Netherlands 5.48%
Germany 5.32%
Japan 5.08%
Australia 2.57%
Canada 2.33%
Mexico 2.12%
Indonesia 2.06%
Russian Federation 1.78%

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 20 October 2020. Data provided by Funds Library, correct as at 30 September 2020.

FundsLibrary
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.