Man High Yield Opportunities

Formerly Man GLG High Yield Opportunities

Introduction to the fund

This is an unconstrained, concentrated global high yield bond fund, driven by individual bond selection, but guided by top-down thematic ideas. Manager Mike Scott is ably supported by a team of internal credit analysts who conduct a rigorous analysis of every potential holding and ensure they can meet the fund’s income requirements.

Mike’s experience and the fund’s flexibility allows him to find opportunities others may miss or avoid.

Fund manager

Michael Scott

Mike Scott has over 15 years’ investment experience, beginning his career at Cazenove Capital Management in 2005. He moved to Schroders in 2006 where he initially spent four years as a European industrials credit analyst covering investment grade and high yield bonds, before stepping up to become the high yield portfolio manager on the Schroder High Yield Opportunities fund. Following his success, Mike joined Man GLG to launch this fund, adding the ability to short stocks into the fund’s remit. Mike is an Oxford University graduate and a CFA Charterholder.

Opinion on fund

Mike has demonstrated excellent stock-picking ability throughout his career. He has brought that talent into this fund, and also expanded his investment flexibility to being able to take short positions and thus potentially benefit from falling prices too. Mike’s experience, and the fund’s flexibility, allows him to find opportunities others may miss or avoid. The concentrated portfolio offers a different but attractive return profile to his competitors.

Fund performance

Key facts

  • Fund size

    £966m

  • Chelsea rating

    Buy

  • Core Selection

    Yes

  • Chelsea Risk Rating

    4

  • AMC

    0.6%

  • OCF

    0.75%

  • Unit Type

    Acc and Inc

  • Yield

    6.95%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
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Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.