M&G Emerging Markets Bond A

  • 93.05p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 252.68p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 3.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.25%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.46%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 6.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 17 September 2020

Fund summary

Sector Global Emerging Markets Bond - Blended
Structure OEIC
Launched
Size £813m
Yield 6.40%
Charging basis Income
Dividends paid 28 Feb, 30 Aug

Charges

Standard initial charge 3.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.46%

Allocation

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Investment process

The M&G Emerging Markets Bond Fund is diversified by country, from Latin America Europe to Asia, and by credit rating, from ‘BBB’ investment grade to ‘NR’ (not rated). The Fund takes modest under and over weight geographical positions relative to its benchmark, the Merrill Lynch Emerging Markets Index, based on the manager’s perception of yields relative to economic fundamentals and political outlook. The Fund only holds Eurobonds and Brady bonds issued by emerging market borrowers and denominated in G7 currencies. It will not hold loans or corporate issues, which can be higher risk and offer lower long term returns, nor emerging market currency debt, as this can be more at risk from default and high inflation. There is a focus on proprietary research, looking extremely closely at the structure a country’s debts and underlying assets, rather than relying on broader, less precise debt measures.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Government Bonds 38.00%
Government Bonds 27.00%
Energy 5.00%
Banks 5.00%
Transport 3.00%
Financial Services 3.00%
Government Agency Bonds 3.00%
Basic Industries 3.00%
Real Estate 2.00%
Telecommunications 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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