31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
|
---|---|---|---|---|---|
Fund | n/a | 1.9% | -2.0% | 3.0% | 7.6% |
Sector | 5.9% | 2.8% | -11.3% | -5.6% | 9.9% |
Rank | 72/88 | 65/92 | 1/92 | 2/95 | 93/97 |
Quartile | 4 | 3 | 1 | 1 | 4 |
Annualised | ||||
---|---|---|---|---|
3 Years to 31/07/24 |
5 Years to 31/07/24 |
10 Years to 31/07/24 |
||
Fund | 2.8% | n/a | n/a | |
Sector | -2.7% | 0.1% | 2.4% | |
Rank | 1/92 | 1/88 | n/a | |
Quartile | 1 | 1 | n/a |
Stock | % Weight |
---|---|
3½% Treasury Gilt 2025 | 10.07 |
TORONTO-DOMINION BANK/THE 12/06/2028 | 2.20 |
CLYDESDALE BANK PLC 22/09/2028 | 2.19 |
SKIPTON BUILDING SOCIETY 22/06/2028 | 1.22 |
CANADIAN IMPERIAL BANK OF COMMERCE 30/06/2025 | 1.22 |
TSB BANK PLC 14/02/2027 | 1.21 |
BANQUE FEDERATIVE DU CREDIT MUTUEL 4.875% 25/09/2025 | 1.18 |
ROYAL BANK OF CANADA 18/01/2028 | 1.17 |
INTESA SANPAOLO SPA 5.25% 13/01/2030 | 1.12 |
AA BOND CO LTD 5.5% 31/07/2027 | 1.09 |
Total | 22.67 |
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the Markit iBoxx EUR Corporates 1-3 year Index (GBP Hedged) over any five-year period.
Matthew Russell joined M&G in 2007 as a fund managers’ assistant covering fixed income funds. He became deputy manager of the Short Dated Corporate Bond strategy in 2011 and, two years later, was appointed manager. In 2015 he started managing the Gilt & Fixed Interest Income strategy and in June 2021 became manager of the European Inflation Linked Corporate Bond strategy and deputy manager of the UK Inflation Linked Corporate Bond strategy. Matthew has a BSc in economics from the University of Birmingham and is a CFA charterholder.
Mid (23/08/2024) | 100.23p |
Distribution yield | 5.09% |
Underlying yield | 4.94% |
Fund size (31/05/2024) | £445.12m |
Number of holdings | 212 |
Entry Charge | 0.00% |
Ongoing Charges | 0.15% |
Launch date | 29/01/1993 |
International Bonds | 53.17% | |
UK Corporate Bonds | 21.91% | |
UK Gilts | 10.07% | |
Alternative Trading Strategies | 9.78% | |
Money Market | 2.84% | |
Cash and Equivalents | -8.98% | |
Other Assets | 11.22% |
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
International Bonds | 53.17% | |
UK Corporate Bonds | 21.91% | |
UK Gilts | 10.07% | |
Alternative Trading Strategies | 9.78% | |
Money Market | 2.84% | |
Cash and Equivalents | -8.98% | |
Other Assets | 11.22% |
Industry | Supersector | Sector | Subsector | ||
---|---|---|---|---|---|
Bonds | 85.14% | - | - | - | |
Non-Classified | 11.22% | - | - | - | |
Alternative Trading Strategies | 9.78% | - | - | - | |
Alternative Trading Strategies | - | 9.78% | - | - | |
Alternative Trading Strategies | - | - | 9.78% | - | |
Alternative Trading Strategies | - | - | - | 9.78% | |
Cash and Equivalents | -6.14% | - | - | - |
UK | 31.98% | |
North America | 24.88% | |
Non-Classified | 23.50% | |
Developed Europe - Excl UK | 22.97% | |
Australia & New Zealand | 1.72% | |
Emerging Europe | 0.66% | |
South & Central America | 0.43% | |
Cash and Equivalents | -6.14% |
Pound Sterling | 43.81% | |
Non-Fixed Interest Assets | 23.84% | |
Euro | 20.95% | |
US Dollar | 19.17% | |
Canadian Dollar | 1.22% | |
Cash | -8.98% |
Region | Country | ||
---|---|---|---|
UK | 31.98% | - | |
![]() |
- | 31.98% | |
North America | 24.88% | - | |
![]() |
- | 19.25% | |
![]() |
- | 5.63% | |
Non-Classified | 23.50% | - | |
Developed Europe - Excl UK | 22.97% | - | |
![]() |
- | 5.02% | |
![]() |
- | 4.66% | |
![]() |
- | 2.48% | |
![]() |
- | 2.21% | |
![]() |
- | 2.05% | |
![]() |
- | 1.86% | |
![]() |
- | 1.65% | |
![]() |
- | 1.41% | |
![]() |
- | 1.04% | |
![]() |
- | 0.39% | |
![]() |
- | 0.21% | |
Australia & New Zealand | 1.72% | - | |
![]() |
- | 1.72% | |
Emerging Europe | 0.66% | - | |
![]() |
- | 0.66% | |
South & Central America | 0.43% | - | |
![]() |
- | 0.43% | |
Cash and Equivalents | -6.14% | - |
< 5Yr Maturity |
|
63.32% |
5Yr - 10Yr Maturity |
|
15.61% |
10Yr - 15Yr Maturity |
|
0.88% |
> 15Yr Maturity |
|
5.33% |
Cash And Equivalents |
|
-6.14% |
Unknown Maturity |
|
11.22% |
Other Asset Types |
|
9.78% |
AAA |
|
16.33% |
AA |
|
14.67% |
A |
|
17.26% |
BBB |
|
21.30% |
Sub-Investment Grade |
|
1.17% |
Unknown Quality |
|
14.41% |
Cash and Equivalents |
|
-6.14% |
Other Asset Types |
|
21.00% |
Stock | % Weight | Sector | Country | |
---|---|---|---|---|
1 | 3½% Treasury Gilt 2025 | 10.07% | Bonds | United Kingdom |
2 | TORONTO-DOMINION BANK/THE 12/06/2028 | 2.20% | Bonds | Canada |
3 | CLYDESDALE BANK PLC 22/09/2028 | 2.19% | Bonds | United Kingdom |
4 | SKIPTON BUILDING SOCIETY 22/06/2028 | 1.22% | Non-Classified | Non-Classified |
5 | CANADIAN IMPERIAL BANK OF COMMERCE 30/06/2025 | 1.22% | Bonds | Canada |
6 | TSB BANK PLC 14/02/2027 | 1.21% | Bonds | United Kingdom |
7 | BANQUE FEDERATIVE DU CREDIT MUTUEL 4.875% 25/09/2025 | 1.18% | Bonds | France |
8 | ROYAL BANK OF CANADA 18/01/2028 | 1.17% | Bonds | Canada |
9 | INTESA SANPAOLO SPA 5.25% 13/01/2030 | 1.12% | Bonds | Italy |
10 | AA BOND CO LTD 5.5% 31/07/2027 | 1.09% | Bonds | United Kingdom |
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.
Sedol Code | BK7XXW4 |
Mex Code | - |
Isin Code | GB00BK7XXW47 |
Citi Code | QGNT |
Entry Charge | 0.00% |
Ongoing Charges | 0.15% |
Aims | The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the Markit iBoxx EUR Corporates 1-3 year Index (GBP Hedged) over any five-year period. |
Benchmark | Markit iBoxx EUR Corporates 1-3 year Index (GBP Hedged) |
Benchmark Category | Target |
IA Sector | £ Corporate Bond |
Valuation frequency | Daily |
Valuation point | 12:00 |
Fund type | OEIC |
Launch price | £0.25 |
Fund currency | Pound Sterling |
Fund domicile | United Kingdom |
ISA allowable | Yes |
SIPP allowable | Yes |
Income frequency | Quarterly |
Distribution Type | Interest |
Distribution Payment Basis | Net |
FE Crown | ![]() |
Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
---|---|
- | - |
Fund Trustee/Depository | The National Westminster Bank plc |
Fund Administrator | IFDS |
Fund Registrar | IFDS |
Fund Custodian | State Street Bank and Trust Company |
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 | - |
Minimum Investment | - |
Minimum Top Up | - |
Minimum Regular Saving | - |
Settlement Period: Buy | - |
Settlement Period: Sell | - |
Pricing Basis | None |
Dealing Decimals | - |
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. 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 report or make any warranties regarding results from its usage.
Ratio | Value |
---|---|
Alpha | 3.48 |
Beta | 0.25 |
Sharpe | 0.00 |
Standard Deviation | 2.47 |
Info Ratio | 0.85 |
Risk Factor | Yes / No |
---|---|
Charges to Capital | Yes |
Emerging Markets | No |
Concentrated Portfolio | No |
Smaller Companies | No |
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 | Yes |
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 |
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).
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 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.
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
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.
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation will reduce the real value of your investments in future.
Levels of taxation and tax relief are subject to change.
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.
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.