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OEIC
M&G Global Convertibles Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (7)
Latest factsheet
Jul 2026
Fund size
£241.8m
Yearly charge
0.85%
Manager fee
–
Income yield
2.74%
Holdings
76
Launched
13 Jul 2007
The fund aims to provide a combination of capital growth and income to deliver a return, net of the Ongoing Charge Figure, that is higher than that of the Thomson Reuters Global Focus Convertible Bond Index over any five-year period. At least 70% of the fund is invested in a diversified portfolio of convertible bonds. These are a form of debt issued by companies that can be converted into shares, either of the issuer or another company. The strategy is based on the analysis of individual companies, and the fund manager seeks to identify convertibles that are believed to provide the best risk-return profile.
Léonard Vinville (Fund manager) · David Romani (Deputy fund manager) · Yannis Karachalios (Deputy fund manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -5.80% | +0.10% | +6.60% | +11.90% | +20.60% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Alibaba Group Holding | 5.90% | |
| 2 | Cyber ARK Software | 4.10% | |
| 3 | Seagate Technology Holdings | 4.00% | |
| 4 | Goldman Sachs Finance Corp International | 4.00% | |
| 5 | Schneider Electric | 3.90% | |
| 6 | Uber Technologies | 3.70% | |
| 7 | Yandex | 3.50% | |
| 8 | Halozyme Therapeutics | 3.30% | |
| 9 | Itron | 3.10% | |
| 10 | Barclays Bank | 2.90% |
Portfolio breakdown
Sector
| Technology | 23.00% | |
| Industrials | 17.10% | |
| Financials | 17.10% | |
| Consumer discretionary | 16.50% | |
| Health care | 12.40% | |
| Telecommunications | 3.40% | |
| Cash | 2.90% | |
| Basic materials | 2.90% | |
| Energy | 2.50% | |
| Real Estate | 2.00% | |
| Consumer staples | 0.60% | |
| Other | -0.30% |
Geography
| US | 60.90% | |
| China | 14.30% | |
| Other | 4.60% | |
| UK | 3.80% | |
| Netherlands | 3.40% | |
| France | 3.10% | |
| Cash | 2.90% | |
| Japan | 2.90% | |
| Germany | 2.00% | |
| Italy | 2.00% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB00B1Z68163 | – | acc | No | – | 1.25% | £500 |
| Sterling A Inc | GB00B1Z68270 | – | inc | No | – | 1.25% | £500 |
| Sterling A-H Acc | GB00B8J73Y29 | – | acc | Yes | – | 1.28% | £500 |
| Sterling I Acc | GB00B1Z68387 | – | acc | No | – | 0.85% | £500k |
| Sterling I Inc | GB00B758PJ12 | – | inc | No | – | 0.85% | £500k |
| Sterling I-H Acc | GB00B8J73758 | – | acc | Yes | – | 0.88% | £500k |
| Sterling R Acc | GB00B7L56P93 | – | acc | No | – | 1.10% | £500 |
| Sterling R Inc | GB00B6T8JQ52 | – | inc | No | – | 1.10% | £500 |
| Sterling R-H Acc | GB00B8J72X47 | – | acc | Yes | – | 1.13% | £500 |
| – | GB00BK7XXD57 | – | – | – | – | – | – |
| – | GB00BG087377 | – | – | – | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |