M&G Smaller Companies Class I GBP Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | -2.3% | 25.3% | -19.9% | -8.4% | 18.7% |
| Sector | 6.1% | 26.2% | -21.2% | -6.6% | 14.9% |
| Rank | 35/41 | 26/41 | 17/42 | 28/43 | 10/43 |
| Quartile | 4 | 3 | 2 | 3 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -4.5% | 1.3% | 6.2% | |
| Sector | -5.5% | 2.5% | 6.5% | |
| Rank | 17/42 | 29/41 | 25/36 | |
| Quartile | 2 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| PREMIER FOODS | 4.06 |
| HILL & SMITH | 3.95 |
| M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 3.07 |
| M&C SAATCHI | 2.55 |
| AJ BELL | 2.52 |
| WILMINGTON | 2.48 |
| LANCASHIRE HLDGS | 2.25 |
| QUILTER | 2.25 |
| VOLUTION GROUP | 1.98 |
| COATS GROUP | 1.96 |
| Total | 27.06 |
Fund Aims
The Fund aims to deliver a higher total return (the combination of capital growth and income) than the Numis Smaller Companies (ex Investment Trust) Index, net of the Ongoing Charge Figure, over any five year period.
Fund Manager
James Taylor was appointed deputy fund manager of the M&G Dividend Fund in August 2019. He joined M&G in 2014 as a graduate before becoming an embedded analyst in the Income team in January 2016 where he supported the managers of the M&G UK Select, M&G Dividend and M&G Pan-European Dividend funds. In March 2019, the M&G UK Select Fund and the M&G Dividend Fund were transferred to the UK Equities team and James moved across with them. He graduated from the University of Bath with a BSc in Business Administration, and has passed all three levels of the CFA program.
Garfield Kiff was appointed fund manager of the M&G Smaller Companies Fund in June 2015. He joined M&G in 2000 from PricewaterhouseCoopers as a smaller companies analyst. He was deputy manager of the M&G Recovery Fund from 2002 until 2008, and managed the Prudential Pooled Pensions Smaller Companies Fund between 2003 and 2008. Garfield was manager of the M&G UK Growth Fund from 2007 until it merged with the M&G UK Select Fund in 2012 and he became the deputy manager. Garfield graduated from the University of Liverpool with a first class honours degree in economics in 1996 and is a CFA charterholder.
Hilary Aldridge has more than 18 years’ experience investing in UK equities. She joined M&G in November 2019 from DWS Group where she was Director, UK Equities and a portfolio manager and analyst in the pan-European team. Prior to this, Hilary worked at Barclays Global Investments & Solutions as a portfolio manager with the multi-manager team, and with F&C Asset Management as a Director in the UK Equities team. Hilary has a background in environmental, social and governance (ESG) investing as a manager on the F&C Stewardship funds and as an adviser to Big Issue Invest, the UK’s first social merchant bank. She graduated with an LLB in Law from the University of Birmingham.
Fund Overview
| Mid (20/12/2024) | 2472.82p |
| Historic yield | 1.94% |
| Fund size (31/10/2024) | £168.76m |
| Number of holdings | 70 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
| Launch date | 27/09/1967 |
Asset Allocation
| UK Equities | 95.37% | |
| International Equities | 2.35% | |
| Cash and Equivalents | -0.79% | |
| Other Assets | 3.07% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 95.37% | |
| International Equities | 2.35% | |
| Cash and Equivalents | -0.79% | |
| Other Assets | 3.07% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 27.15% | - | - | - | |
| Industrial Goods & Services | - | 20.32% | - | - | |
| Industrial Support Services | - | - | 5.92% | - | |
| Professional Business Support Services | - | - | - | 2.59% | |
| Industrial Suppliers | - | - | - | 1.25% | |
| Forms & Bulk Printing Services | - | - | - | 1.16% | |
| Business Training & Employment Agencies | - | - | - | 0.91% | |
| Aerospace & Defence | - | - | 4.78% | - | |
| Defense | - | - | - | 3.71% | |
| Aerospace | - | - | - | 1.07% | |
| Electronic & Electrical Equipment | - | - | 4.11% | - | |
| Electrical Components | - | - | - | 4.11% | |
| Industrial Engineering | - | - | 3.55% | - | |
| Machinery: Industrial | - | - | - | 2.39% | |
| Machinery: Specialty | - | - | - | 1.17% | |
| General Industrials | - | - | 1.96% | - | |
| Diversified Industrials | - | - | - | 1.96% | |
| Construction & Materials | - | 6.83% | - | - | |
| Construction & Materials | - | - | 6.83% | - | |
| Building Materials: Other | - | - | - | 3.75% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 1.91% | |
| Engineering & Contracting Services | - | - | - | 1.17% | |
| Consumer Discretionary | 24.79% | - | - | - | |
| Media | - | 11.13% | - | - | |
| Media | - | - | 11.13% | - | |
| Media Agencies | - | - | - | 5.30% | |
| Publishing | - | - | - | 4.23% | |
| Radio & TV Broadcasters | - | - | - | 1.59% | |
| Travel & Leisure | - | 5.76% | - | - | |
| Travel & Leisure | - | - | 5.76% | - | |
| Casinos & Gambling | - | - | - | 3.02% | |
| Travel & Tourism | - | - | - | 1.41% | |
| Restaurants & Bars | - | - | - | 1.33% | |
| Retail | - | 5.09% | - | - | |
| Retailers | - | - | 5.09% | - | |
| Specialty Retailers | - | - | - | 5.09% | |
| Consumer Products & Services | - | 2.81% | - | - | |
| Household Goods & Home Construction | - | - | 1.67% | - | |
| Home Construction | - | - | - | 1.67% | |
| Leisure Goods | - | - | 1.13% | - | |
| Electronic Entertainment | - | - | - | 1.13% | |
| Financials | 17.58% | - | - | - | |
| Financial Services | - | 15.33% | - | - | |
| Investment Banking & Brokerage Services | - | - | 12.01% | - | |
| Asset Managers & Custodians | - | - | - | 7.30% | |
| Investment Services | - | - | - | 4.72% | |
| Finance & Credit Services | - | - | 3.18% | - | |
| Mortgage Finance | - | - | - | 2.52% | |
| Consumer Lending | - | - | - | 0.66% | |
| Nonequity Investment Instruments | - | - | 0.14% | - | |
| Nonequity Investment Instruments | - | - | - | 0.14% | |
| Insurance | - | 2.25% | - | - | |
| Non-life Insurance | - | - | 2.25% | - | |
| Property & Casualty Insurance | - | - | - | 2.25% | |
| Technology | 6.48% | - | - | - | |
| Technology | - | 6.48% | - | - | |
| Software & Computer Services | - | - | 4.80% | - | |
| Software | - | - | - | 3.43% | |
| Computer Services | - | - | - | 1.37% | |
| Technology Hardware & Equipment | - | - | 1.68% | - | |
| Semiconductors | - | - | - | 1.68% | |
| Basic Materials | 6.00% | - | - | - | |
| Basic Resources | - | 3.95% | - | - | |
| Industrial Metals & Mining | - | - | 3.95% | - | |
| Metal Fabricating | - | - | - | 3.95% | |
| Chemicals | - | 2.05% | - | - | |
| Chemicals | - | - | 2.05% | - | |
| Chemicals: Diversified | - | - | - | 1.30% | |
| Specialty Chemicals | - | - | - | 0.75% | |
| Consumer Staples | 5.33% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.06% | - | - | |
| Food Producers | - | - | 4.06% | - | |
| Food Products | - | - | - | 4.06% | |
| Personal Care, Drug & Grocery Stores | - | 1.26% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.26% | - | |
| Miscellaneous Consumer Staple Goods | - | - | - | 1.26% | |
| Real Estate | 3.99% | - | - | - | |
| Real Estate | - | 3.99% | - | - | |
| Real Estate Investment & Services | - | - | 3.23% | - | |
| Real Estate Services | - | - | - | 3.23% | |
| Real Estate Investment Trusts | - | - | 0.76% | - | |
| Office REITs | - | - | - | 0.76% | |
| Health Care | 3.59% | - | - | - | |
| Health Care | - | 3.59% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.59% | - | |
| Biotechnology | - | - | - | 3.14% | |
| Pharmaceuticals | - | - | - | 0.45% | |
| Non-Classified | 3.07% | - | - | - | |
| Non-Classified | - | 3.07% | - | - | |
| Non-Classified | - | - | 3.07% | - | |
| Non-Classified | - | - | - | 3.07% | |
| Energy | 1.65% | - | - | - | |
| Energy | - | 1.65% | - | - | |
| Non-Renewable Energy | - | - | 1.65% | - | |
| Oil Equipment & Services | - | - | - | 0.97% | |
| Oil: Crude Producers | - | - | - | 0.67% | |
| Telecommunications | 1.17% | - | - | - | |
| Telecommunications | - | 1.17% | - | - | |
| Telecommunications Service Providers | - | - | 1.17% | - | |
| Telecommunications Services | - | - | - | 1.17% | |
| Cash and Equivalents | -0.79% | - | - | - | |
Regional Allocation
| UK | 95.37% | |
| Non-Classified | 3.07% | |
| Developed Asia | 1.55% | |
| Developed Europe - Excl UK | 0.80% | |
| Cash and Equivalents | -0.79% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.65% | |
| Cash | 1.26% | |
| Pound Sterling | 0.09% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 95.37% | - | |
United Kingdom
|
- | 95.37% | |
| Non-Classified | 3.07% | - | |
| Developed Asia | 1.55% | - | |
Singapore
|
- | 1.55% | |
| Developed Europe - Excl UK | 0.80% | - | |
Germany
|
- | 0.80% | |
| Cash and Equivalents | -0.79% | - | |
Breakdown By Market Cap (%)
| Medium |
|
21.79% |
| Small |
|
38.85% |
| Micro |
|
12.94% |
| Non-Classified |
|
27.22% |
| Cash |
|
-0.79% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | PREMIER FOODS | 4.06% | Food Producers | United Kingdom |
| 2 | HILL & SMITH | 3.95% | Industrial Metals & Mining | United Kingdom |
| 3 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 3.07% | Managed Funds | Non-Classified |
| 4 | M&C SAATCHI | 2.55% | Media | United Kingdom |
| 5 | AJ BELL | 2.52% | Investment Banking & Brokerage Services | United Kingdom |
| 6 | WILMINGTON | 2.48% | Media | United Kingdom |
| 7 | LANCASHIRE HLDGS | 2.25% | Non-life Insurance | United Kingdom |
| 8 | QUILTER | 2.25% | Investment Banking & Brokerage Services | United Kingdom |
| 9 | VOLUTION GROUP | 1.98% | Construction & Materials | United Kingdom |
| 10 | COATS GROUP | 1.96% | General Industrials | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 6.48% | - | - | - | - | - | - | - | 6.48% |
| Telecommunications | 1.17% | - | - | - | - | - | - | - | 1.17% |
| Financials | 16.78% | 0.80% | - | - | - | - | - | - | 17.58% |
| Real Estate | 3.99% | - | - | - | - | - | - | - | 3.99% |
| Consumer Discretionary | 24.79% | - | - | - | - | - | - | - | 24.79% |
| Consumer Staples | 5.33% | - | - | - | - | - | - | - | 5.33% |
| Energy | 1.65% | - | - | - | - | - | - | - | 1.65% |
| Health Care | 3.59% | - | - | - | - | - | - | - | 3.59% |
| Industrials | 25.60% | 1.55% | - | - | - | - | - | - | 27.15% |
| Basic Materials | 6.00% | - | - | - | - | - | - | - | 6.00% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.79% | -0.79% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B75DFL8 |
| Mex Code | - |
| Isin Code | GB00B75DFL82 |
| Citi Code | 0ZFS |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.88% |
Aims and Benchmark
| Aims | The Fund aims to deliver a higher total return (the combination of capital growth and income) than the Numis Smaller Companies (ex Investment Trust) Index, net of the Ongoing Charge Figure, over any five year period. |
| Benchmark | Deursche Numis Smaller Companies Index (excluding Investment Companies) |
| Benchmark Category | Target |
| IA Sector | UK Smaller Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £2.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | M&G Investments |
| Group address | 10 Fenchurch Avenue London EC3M 5AG United Kingdom |
| Group telephone | 0800 390 390 |
| Dealing telephone | 0800 328 3196 |
| info@mandg.co.uk | |
| Homepage | www.mandg.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 2.03 |
| Beta | 1.14 |
| Sharpe | -0.01 |
| Standard Deviation | 17.46 |
| Info Ratio | 0.23 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.