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Global Government Bond
M&G Global Government Bond Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (3)
Latest factsheet
Jul 2026
Fund size
£41.6m
Yearly charge
0.75%
Manager fee
–
Income yield
–
Holdings
38
Launched
4 Oct 1999
The fund aims to provide a combination of capital growth and income, net of the Ongoing Charge Figure, higher than the average return of the Bloomberg Global Treasury Index Unhedged USD over any five-year period. At least 70% of the fund is invested in investment grade government bonds from anywhere in the world, including emerging markets. It can also invest in high yield bonds. Investments are selected based on in-depth analysis of individual bond issuers, combined with an assessment of global, regional, and country-specific macroeconomic factors.
Eva Sun-Wai (Fund Manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -6.70% | -3.90% | +1.00% | 0.00% | -0.20% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | US Treasury | 22.70% | |
| 2 | Japan | 7.60% | |
| 3 | UK | 5.00% | |
| 4 | Norway | 4.70% | |
| 5 | Australia | 3.50% | |
| 6 | South Korea | 3.30% | |
| 7 | France | 3.00% | |
| 8 | Germany | 3.00% | |
| 9 | Brazil | 2.90% | |
| 10 | Mexico | 2.60% |
Portfolio breakdown
Sector
| Sovereign | 79.40% | |
| Cash | 7.50% | |
| Foreign Sovereign | 6.00% | |
| Supranational | 5.20% | |
| Local-Authority | 2.00% | |
| Futures | 0.00% | |
| Investment Grade indices | -4.20% |
Geography
| Other | 34.90% | |
| US | 22.70% | |
| Japan | 7.60% | |
| Cash | 7.50% | |
| UK | 6.10% | |
| Supranational | 5.20% | |
| Australia | 5.00% | |
| Norway | 4.70% | |
| South Korea | 3.30% | |
| France | 3.00% | |
| Investment Grade indices | -4.20% |
Asset allocation
| Government bonds | 85.40% | |
| Cash | 7.50% | |
| Investment grade corporate bonds | 2.40% | |
| High yield corporate bonds | 0.60% | |
| Credit Default Swaps & Indices | -4.20% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB0031289092 | – | acc | – | – | 0.75% | £500 |
| Sterling A Inc | GB0031288912 | – | inc | – | – | 0.75% | £500 |
| Sterling I Acc | GB00B7Q0Q826 | – | acc | – | – | 0.35% | £500k |
| Sterling I Inc | GB00B700F033 | – | inc | – | – | 0.35% | £500k |
| Sterling R Acc | GB00B7J76C49 | – | acc | – | – | 0.60% | £500 |
| Sterling R Inc | GB00B7L6KZ06 | – | inc | – | – | 0.60% | £500 |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |