M&G UK Inflation Linked Corporate Bond Class PP GBP Inc
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 | 3.5% | 2.0% | 0.2% | 4.7% | 5.5% |
| Sector | 6.1% | 1.7% | -10.6% | 3.5% | 8.9% |
| Rank | 59/70 | 31/75 | 2/79 | 39/85 | 82/88 |
| Quartile | 4 | 2 | 1 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.4% | 3.2% | n/a | |
| Sector | 0.3% | 1.7% | 2.7% | |
| Rank | 9/79 | 15/70 | n/a | |
| Quartile | 1 | 1 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ⅛% Index-linked Treasury Gilt 2026 | 27.34 |
| 1¼% Index-linked Treasury Gilt 2027 | 22.52 |
| TESCO PLC 3.322% 05/11/2025 | 4.29 |
| ⅛% Index-linked Treasury Gilt 2029 | 2.76 |
| SEVERN TRENT WATER UTILITIES FINAN 3.86% 30/05/2028 | 2.57 |
| DWR CYMRU (FINANCING) LTD 4.375% 31/03/2027 | 2.01 |
| JPMORGAN CHASE & CO 26/04/2028 | 1.55 |
| WELLS FARGO & COMPANY 26/04/2028 | 1.48 |
| IMPERIAL BRANDS FINANCE PLC 5.5% 28/09/2026 | 1.36 |
| ORSTED A/S 0.375% 16/05/2034 | 1.24 |
| Total | 67.12 |
Fund Aims
The Fund aims to protect the value of capital and income from inflation by providing a total return (the combination of capital growth and income), net of the Ongoing Charge Figure, that is consistent with or higher than UK inflation (as measured by the UK Consumer Prices Index), over any three-year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall, and investors may not recoup the original amount they invested.
Fund Manager
Ben Lord joined M&G in 2007 and was appointed fund manager of the M&G Global Corporate Bond Fund from launch in September 2013. He is also fund manager of the M&G UK Inflation Linked Corporate Bond Fund and deputy manager of the M&G European Inflation Linked Corporate Bond Fund, the M&G Strategic Corporate Bond Fund, the M&G Corporate Bond Fund and the M&G Short Dated Corporate Bond Fund. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Fund Overview
| Mid (20/12/2024) | 111.53p |
| Distribution yield | 1.09% |
| Underlying yield | 0.74% |
| Fund size (31/10/2024) | £484.32m |
| Number of holdings | 167 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.35% |
| Launch date | 16/09/2010 |
Asset Allocation
| Alternative Trading Strategies | 79.11% | |
| UK Gilts | 52.87% | |
| International Bonds | 23.62% | |
| UK Corporate Bonds | 16.62% | |
| Cash and Equivalents | -77.41% | |
| Other Assets | 5.20% |
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
| Alternative Trading Strategies | 79.11% | |
| UK Gilts | 52.87% | |
| International Bonds | 23.62% | |
| UK Corporate Bonds | 16.62% | |
| Cash and Equivalents | -77.41% | |
| Other Assets | 5.20% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 93.10% | - | - | - | |
| Alternative Trading Strategies | 79.11% | - | - | - | |
| Alternative Trading Strategies | - | 79.11% | - | - | |
| Alternative Trading Strategies | - | - | 79.11% | - | |
| Alternative Trading Strategies | - | - | - | 79.11% | |
| Non-Classified | 5.20% | - | - | - | |
| Non-Classified | - | 0.82% | - | - | |
| Non-Classified | - | - | 0.82% | - | |
| Non-Classified | - | - | - | 0.82% | |
| Cash and Equivalents | -77.41% | - | - | - | |
Regional Allocation
| Non-Classified | 87.36% | |
| UK | 69.49% | |
| Developed Europe - Excl UK | 11.21% | |
| North America | 9.20% | |
| South & Central America | 0.15% | |
| Cash and Equivalents | -77.41% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 84.31% | |
| Pound Sterling | 75.64% | |
| US Dollar | 11.62% | |
| Euro | 5.84% | |
| Cash | -77.41% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 87.36% | - | |
| UK | 69.49% | - | |
United Kingdom
|
- | 69.49% | |
| Developed Europe - Excl UK | 11.21% | - | |
France
|
- | 2.05% | |
Spain
|
- | 1.79% | |
Luxembourg
|
- | 1.66% | |
Switzerland
|
- | 1.63% | |
Denmark
|
- | 1.24% | |
Germany
|
- | 1.24% | |
Sweden
|
- | 0.73% | |
Norway
|
- | 0.45% | |
Italy
|
- | 0.17% | |
Ireland
|
- | 0.16% | |
Iceland
|
- | 0.08% | |
| North America | 9.20% | - | |
United States
|
- | 9.20% | |
| South & Central America | 0.15% | - | |
Mexico
|
- | 0.15% | |
| Cash and Equivalents | -77.41% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
88.19% |
| 5Yr - 10Yr Maturity |
|
4.67% |
| > 15Yr Maturity |
|
0.24% |
| Cash And Equivalents |
|
-77.41% |
| Unknown Maturity |
|
4.37% |
| Other Asset Types |
|
79.94% |
Fixed Interest Quality Profile
| AAA |
|
1.48% |
| AA |
|
55.32% |
| A |
|
17.12% |
| BBB |
|
16.07% |
| Sub-Investment Grade |
|
0.20% |
| Unknown Quality |
|
2.93% |
| Cash and Equivalents |
|
-77.41% |
| Other Asset Types |
|
84.31% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ⅛% Index-linked Treasury Gilt 2026 | 27.34% | Bonds | United Kingdom |
| 2 | 1¼% Index-linked Treasury Gilt 2027 | 22.52% | Bonds | United Kingdom |
| 3 | TESCO PLC 3.322% 05/11/2025 | 4.29% | Bonds | United Kingdom |
| 4 | ⅛% Index-linked Treasury Gilt 2029 | 2.76% | Bonds | United Kingdom |
| 5 | SEVERN TRENT WATER UTILITIES FINAN 3.86% 30/05/2028 | 2.57% | Bonds | United Kingdom |
| 6 | DWR CYMRU (FINANCING) LTD 4.375% 31/03/2027 | 2.01% | Bonds | Non-Classified |
| 7 | JPMORGAN CHASE & CO 26/04/2028 | 1.55% | Bonds | United States |
| 8 | WELLS FARGO & COMPANY 26/04/2028 | 1.48% | Non-Classified | Non-Classified |
| 9 | IMPERIAL BRANDS FINANCE PLC 5.5% 28/09/2026 | 1.36% | Bonds | United Kingdom |
| 10 | ORSTED A/S 0.375% 16/05/2034 | 1.24% | Bonds | Denmark |
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 | BK7XXZ7 |
| Mex Code | - |
| Isin Code | GB00BK7XXZ77 |
| Citi Code | QGNW |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.35% |
Aims and Benchmark
| Aims | The Fund aims to protect the value of capital and income from inflation by providing a total return (the combination of capital growth and income), net of the Ongoing Charge Figure, that is consistent with or higher than UK inflation (as measured by the UK Consumer Prices Index), over any three-year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall, and investors may not recoup the original amount they invested. |
| Benchmark | UK Consumer Prices Index |
| Benchmark Category | Target |
| IA Sector | £ Strategic Bond |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Interest |
| 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 | - |
| Settlement Period: Sell | - |
| Pricing Basis | None |
| Dealing Decimals | - |
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 | 3.66 |
| Beta | 0.55 |
| Sharpe | 0.00 |
| Standard Deviation | 4.46 |
| Info Ratio | 1.01 |
Risk Factors
| 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 | Yes |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| 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 | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| 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).
Geared Investments
The fund focuses on geared investments. Funds which focus on geared investments such as warrants or options carry a higher degree of risk than other equity investments because of the risk of the underlying investments. It is possible that the fund may suffer sudden and large falls in value so that the short fall on cancellation, or the loss of the realisation on the investment at any time after the investor has bought the contract, could be very high and could even equal the amount invested, in which case you would get nothing back.
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.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
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.
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.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
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.