Man GLG High Yield Opportunities
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Performance
Man GLG High Yield Opportunities DY H USD Fix-Dist MO
ISIN: IE000YW0N502 | Inception: 22 Apr 2022
Month end final valuation: USD 99.40 (31 Jul 2024)
1.98%
4.43%
15.48%
15.85%
6.67%
7.39%
Latest price: USD 99.05 (01 Aug 2024)
0.23%
0.23%
9.01%
12.24%
16.11%
6.77%
Performance by year
07/23 - 07/24 |
07/22 - 07/23 |
07/21 - 07/22 |
07/20 - 07/21 |
07/19 - 07/20 |
07/18 - 07/19 |
07/17 - 07/18 |
07/16 - 07/17 |
07/15 - 07/16 |
07/14 - 07/15 |
---|---|---|---|---|---|---|---|---|---|
15.48% | 4.54% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Man GLG High Yield Opportunities D EUR
07/23 - 07/24 |
07/22 - 07/23 |
07/21 - 07/22 |
07/20 - 07/21 |
07/19 - 07/20 |
07/18 - 07/19 |
07/17 - 07/18 |
07/16 - 07/17 |
07/15 - 07/16 |
07/14 - 07/15 |
|
---|---|---|---|---|---|---|---|---|---|---|
Class | 13.66% | 1.86% | -8.55% | 27.92% | -1.68% | N/A | N/A | N/A | N/A | N/A |
ICE BofA Global High Yield Index (EUR TR) Hedged | 9.88% | 2.57% | -12.12% | 9.12% | 0.75% |
Investment Policy
Short description | The Fund's aim is to provide income and capital growth by investing directly or indirectly in fixed and floating rate securities worldwide. The Fund focuses on securities rated below investment grade and targets income generation and capital growth, principally using a bottom-up approach. |
Type of assets | The Fund invests all or part of the net proceeds of Shares in (i) transferable securities (ii) exchange traded and OTC financial derivative instruments, (iii) money market instruments, (iv) other collective investment schemes and (v) deposits, cash or cash equivalents. |
Benchmark degree of freedom | The Fund is actively managed. The ICE BofA Global High Yield Index (Hedged) (the “Benchmarks”) is used for performance comparison purposes however, the Investment Manager will not select investments by reference to any benchmark or index. The ICE BofA Global High Yield Index (Hedged) will also be used for risk management purposes to monitor the global exposure of the Portfolio. |
Key Facts
Umbrella | Man Funds VI plc |
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Product name | Man GLG High Yield Opportunities |
Share class | Man GLG High Yield Opportunities DY H USD Fix-Dist MO |
Investment status | Open for investment |
Domicile | Ireland |
Fund regulations | UCITS |
SFDR Fund Classification | Article 6 |
Currency | USD |
Capitalisation | Distributing |
ISIN | IE000YW0N502 |
Legal Entity Identifier | 254900456AXR8LZ57L02 |
Valoren | 118374501 |
Bloomberg Ticker | MAHYDOC ID |
Minimum Initial Subscription | 1,000 USD |
---|---|
Dealing Frequency | Daily |
Subscription Applications Received | Before 12:00 (Dublin) on dealing day |
Minimum Holding | 1,000 USD |
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Dealing Frequency | Daily |
Notice Of Redemption | Before 12:00 (Dublin) on dealing day |
Name | BNY Mellon Fund Services (Ireland) Designated Activity Company |
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Address |
Cork Airport Business Park
Unit 6100, Avenue 6000 Cork Ireland |
Phone | 353-21-438-0000 |
Email address | man.shareholderservicing@bnymellon.com |
Administrator | BNY Mellon Fund Services (Ireland) Designated Activity Company |
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Auditor | Deloitte Ireland LLP |
Company Secretary | Matsack Trust Limited |
Custodian | BNY Mellon Trust Company (Ireland) Limited |
Investment Manager | GLG Partners LP |
Management Company | Man Asset Management (Ireland) Limited |
Ongoing Charges | 1.58% (as at 31 Dec 2023) |
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Management Fee (up to) | 1.35% |
Performance Fee | 0.00% |
Availability
Countries listed below provide information on marketing availability of the share class where certain product registrations, filings, notifications and/or local appointments determine the type of investors the product can be marketed to. If a country is not shown below, the share class may only be offered in accordance with local private placement rules (where applicable).
Public Distribution | AE; AE; AT; BH; DE; DK; ES; FI; FR; GB; HK; IE; LI; LU; NL; NO; PT; SE |
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Non Qualified Investors | CH |
Professional Investors | AE; AT; BE; DE; DK; ES; FI; FR; GB; HK; IE; IT; LI; LU; NL; NO; PT; SE |
Qualified Investors | CH |
Accredited Investors | SG |
Pension Fund | CL |
Please note that the dealing terms are as set out in the relevant prospectus/offer document, and the information shown above is not a substitute for, nor a complete summary of, those terms or such prospectus/offer document. Investment in this class is made solely in reliance upon the fund’s constitutional and offering documentation.
Documents
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Considerations
Prior to investing in the Fund investors should carefully consider the risks associated with investing, whether the Fund suits their investment requirements and whether they have sufficient resources to bear any losses which may result from an investment in the Fund. Investors should only invest if they understand the terms on which the Fund is offered. Investors should consider the following risks and where appropriate seek professional advice before investing:
Investment Objective Risk - There is no guarantee that the Fund will achieve its investment objective.
Market Risk - The Fund is subject to normal market fluctuations and the risks associated with investing in international securities markets. Therefore, the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.
Counterparty Risk - The Fund will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, 'over-the-counter' ("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.
Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.
Liquidity Risk - The Fund may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility.
Financial Derivatives Instruments - The Fund will invest financial derivative instruments ("FDI") (instruments whose prices are dependent on one or more underlying asset) to achieve its investment objective. The use of FDI involves additional risks such as high sensitivity to price movements of the asset on which it is based. The extensive use of FDI may significantly multiply the gains or losses.
Leverage Risk - The Fund's use of FDI may result in increased leverage which may lead to significant losses.
Total Return - Whilst the Fund aims to provide capital growth, a positive return is not guaranteed over any time period and capital is in fact at risk.
Emerging Markets - The Fund may invest a significant proportion of its assets in securities with exposure to emerging markets which involve additional risks relating to matters such as the illiquidity of securities and the potentially volatile nature of markets not typically associated with investing in other more established economies or markets.
Hybrid Securities - The Fund may invest in contingent convertible ("coco") bonds. The performance of such bonds is dependent on a number of factors including interest rates, credit and equity performance, and the correlations between factors. As such these securities introduce significant additional risk to an investment in the Fund.
Non-Investment Grade Securities - The Fund may invest a significant proportion of its assets in non-investment grade securities (such as "high yield" securities) are considered higher risk investments that may cause income and principal losses for the Fund. They are instruments which credit agencies have given a rating which indicates a higher risk of default. The market values for high yield bonds and other instruments tend to be volatile and they are less liquid than investment grade securities.
The Fund is a sub-fund of Man Funds VI plc, domiciled in Ireland and registered with the Central Bank of Ireland. Full details of the Fund's objectives, investment policy and risks are located in the Prospectus which with the Key Investor Information Document (KIID) / Key Investor Document (KID), and the Report and Accounts of the UCITS, are accessible free of charge from the local information/paying agent, from authorised distributors and from www.man.com/documents. The KIID/KID is available in English and in an official language of the jurisdictions in which the Fund is registered for public sale. The Prospectus and the Reports and Accounts of the UCITS can be obtained in English. In Switzerland, the Prospectus is also available in German.
In order to fulfil the fund's objectives the Prospectus allows the manager the ability to invest principally in units of other collective investment schemes, bank deposits, derivatives contracts designed with the aim of gaining short term exposure to an underlying stock or index at a lower cost than owning the asset, or assets aiming to replicate a stock or debt securities index.
More than 35% of the Fund's total holdings in bonds may be issued by or guaranteed by:
- EU member state, by its local authorities, by any other OECD member state, or by any public international body of which one or more EU member states are members. For more information please refer to the prospectus.
For a summary of investor rights please see www.man.com/investor-relations and for guidelines for individual or collective redress mechanisms, please consult the fund’s prospectus and its key information document, as well as the complaints handling policy found here www.man.com/complaints-handling-policy.
A complete description of risks is set out in the Fund's prospectus.
Past performance is not indicative of future results. Returns may increase or decrease as a result of currency fluctuations. Performance data is shown net of fees with income reinvested, and does not take into account sales and redemption charges where such costs are applicable. The value of an investment and any income derived from it can go down as well as up and investors may not get back their original amount invested. Alternative investments can involve significant additional risks. Please refer to the prospectus/offer document for further details. All product documentation is available free of charge on www.man.com.
The Elite Rating TM system is proprietary to FundCalibre Ltd, but should not be taken as a recommendation.
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