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

Sell:142.89p Buy:142.89p Change: 0.11p (0.08%)
Prices as at 12 July 2024
Sell:142.89p
Buy:142.89p
Change: 0.11p (0.08%)
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 12 July 2024
Sell:142.89p
Buy:142.89p
Change: 0.11p (0.08%)
Prices as at 12 July 2024
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.

We've released a notification about this fund. View notification

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): 0.63%
Ongoing saving from HL: 0.17% i
Net ongoing charge: 0.46%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.46%)
Class I-H - Accumulation (GBP) (Net ongoing charge 0.66%)
Class I-H - Income (GBP) (Net ongoing charge 0.66%)

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: £1,547 million
Number of holdings: 196
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: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

12/07/19 to 12/07/20 12/07/20 to 12/07/21 12/07/21 to 12/07/22 12/07/22 to 12/07/23 12/07/23 to 12/07/24
Annual return 9.84% -6.89% -1.78% -7.30% -0.46%

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

HL Research

Jim Leaviss has announced that he will be leaving the business in the Autumn of 2024. Eva Sun-Wai and Robert Burrows will take over as co-managers on this fund from 1 August 2024.

We expect Sun-Wai and Burrows to manage the fund in the same way as Leaviss has previously. However...

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 Mixed Bond Sector over any five-year period.

Income Details

Distribution yield : 3.89%
Underlying yield : 3.89%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 August 2024 1 November 2024 1 February 2025 1 May 2025
Payment date: 30 September 20244 31 December 20244 31 March 20254 30 June 20254

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 March 2024.

Security Weight
TREASURY (CPI) NOTE 2.375% 15/01/2027 4.50%
TREASURY BOND 3% 15/11/2044 4.02%
TREASURY NOTE 4.125% 15/11/2032 3.75%
TREASURY BOND 3.375% 15/08/2042 3.46%
TREASURY (CPI) NOTE 0.75% 15/02/2045 3.38%
GERMANY (FEDERAL REPUBLIC OF) 2.5% 13/03/2025 2.00%
GERMANY (GOVERNMENT OF) 0.1% 15/04/2026 1.99%
GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/04/2030 1.87%
NEW ZEALAND (GOVERNMENT OF) 0.5% 15/05/2026 1.81%
3½% Treasury Gilt 2025 1.80%
Sector Weight
Bonds 93.20%
Cash and Equiv. 15.15%
Non-Classified 4.18%
Alternative Trading Strategies -12.53%
Country Weight
United States 31.66%
Cash and Equiv. 15.15%
United Kingdom 9.23%
Germany 7.96%
Mexico 3.27%
France 3.23%
New Zealand 3.20%
Belgium 3.04%
Indonesia 2.63%
Norway 2.44%

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 12 July 2024. Data provided by Broadridge, correct as at 31 May 2024.

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 an ISA or a 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.