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

Sell:146.27p Buy:146.27p Change: 0.42p (0.29%)
Prices as at 18 April 2019
Sell:146.27p
Buy:146.27p
Change: 0.42p (0.29%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 18 April 2019
Sell:146.27p
Buy:146.27p
Change: 0.42p (0.29%)
Prices as at 18 April 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): 0.82%
Ongoing saving from HL: 0.32% i
Net ongoing charge: 0.50%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 0.50%)
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 0.50%)
Class I - Income (GBP) (Net ongoing charge 0.50%)

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: £830 million
Number of holdings: 188
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

Performance

18/04/14 to 18/04/15 18/04/15 to 18/04/16 18/04/16 to 18/04/17 18/04/17 to 18/04/18 18/04/18 to 18/04/19
Annual return 8.96% 7.59% 13.69% -7.25% 8.86%

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's objective is to maximise long term total return (the combination of income and growth of capital).

Income Details

Distribution yield : 3.00%
Underlying yield : 3.00%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 May 2019 1 August 2019 1 November 2019 1 February 2020
Payment date: 30 June 20194 30 September 20194 31 December 20194 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 28 February 2019.

Security Weight
United States Treasury Note/Bond 2.75% 15/02/2028 23.93%
US 10YR NOTE (CBT)JUN19 8.23%
United States Treasury Inflation Indexed 0.625% 15/01/2024 7.94%
United States Treasury Note/Bond 2.375% 31/12/2020 5.04%
2% Treasury Gilt 2020 3.52%
United States Treasury Note/Bond 3% 15/08/2048 2.84%
Bundesrepublik Deutschland Bundesanleihe 0.5% 15/02/2025 2.64%
European Bank for Reconstruction & Devel 2.69288% 19/11/2020 2.21%
Brazil Notas do Tesouro Nacional Serie F 10% 01/01/2025 1.93%
Russian Federal Bond - OFZ 8.15% 03/02/2027 1.61%
Sector Weight
Bonds 101.71%
Cash and Equiv. 0.55%
Non-Classified 0.15%
Alternative Trading Strategies -2.40%
Country Weight
United States 62.95%
United Kingdom 17.27%
Netherlands 3.87%
Indonesia 2.42%
France 2.35%
Mexico 2.00%
Brazil 1.93%
Switzerland 1.65%
Romania 1.62%
Russian Federation 1.61%

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 18 April 2019. Data provided by Funds Library, correct as at 31 March 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.