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 FTSE UK Conventional Gilts All Stocks Index over any five-year period.
Fund Manager
Miles Tymmanager
for
3 years
and 9 months
Miles Tym joined M&G Investments in January 2009 as a senior portfolio manager specialising in government bond and macro fixed income mandates. Before joining the investment management industry in 1996, Miles worked briefly as an accountant and a trader on the LIFFE floor. He spent the next eight years of his career managing both government and corporate bond portfolios for Alliance Capital. In 2004, Miles joined Morley with a brief to specialise in government bond portfolios. He graduated from Cambridge University in 1993 with a BA Hons in Economics.
Fund Overview
Mid (30/08/2024)
1022.61p
Distribution yield
4.19%
Underlying yield
4.19%
Fund size (31/05/2024)
£431.51m
Number of holdings
74
Entry Charge
0.00%
Ongoing Charges
0.25%
Launch date
09/12/1980
Asset Allocation
UK Gilts
95.60%
Money Market
1.00%
UK Corporate Bonds
0.88%
Cash and Equivalents
0.73%
International Bonds
0.02%
Other Assets
1.77%
Portfolio data accurate as at: 31/05/24
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Portfolio data accurate as at:
Asset Allocation
UK Gilts
95.60%
Money Market
1.00%
UK Corporate Bonds
0.88%
Cash and Equivalents
0.73%
International Bonds
0.02%
Other Assets
1.77%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
96.50%
-
-
-
Non-Classified
1.77%
-
-
-
Cash and Equivalents
1.73%
-
-
-
Regional Allocation
UK
96.48%
Non-Classified
1.77%
Cash and Equivalents
1.73%
Developed Europe - Excl UK
0.02%
Fixed Interest Currencies
Pound Sterling
96.50%
Non-Fixed Interest Assets
2.77%
Cash
0.73%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
96.48%
-
United Kingdom
-
96.48%
Non-Classified
1.77%
-
Cash and Equivalents
1.73%
-
Developed Europe - Excl UK
0.02%
-
France
-
0.01%
Netherlands
-
0.01%
Fixed Interest Maturity Profile
< 5Yr Maturity
63.34%
> 15Yr Maturity
33.16%
Cash And Equivalents
1.73%
Unknown Maturity
1.77%
Fixed Interest Quality Profile
AA
96.44%
Unknown Quality
0.06%
Cash and Equivalents
1.73%
Other Asset Types
1.77%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
4½% Treasury Gilt 2028
20.08%
Bonds
United Kingdom
2
4⅛% Treasury Gilt 2027
18.04%
Bonds
United Kingdom
3
½% Treasury Gilt 2029
9.78%
Bonds
United Kingdom
4
3½% Treasury Gilt 2025
7.71%
Bonds
United Kingdom
5
⅞ Treasury 2046
6.71%
Bonds
United Kingdom
6
2½% Treasury Gilt 2065
6.33%
Bonds
United Kingdom
7
4% Treasury Gilt 2063
5.32%
Bonds
United Kingdom
8
⅝% Treasury Gilt 2050
5.01%
Bonds
United Kingdom
9
1⅝% Treasury Gilt 2054
4.09%
Bonds
United Kingdom
10
1⅝% Treasury Gilt 2028
2.97%
Bonds
United Kingdom
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
B734BY8
Mex Code
-
Isin Code
GB00B734BY83
Citi Code
0ZDP
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.25%
Aims and Benchmark
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 FTSE UK Conventional Gilts All Stocks Index over any five-year period.
Benchmark
FTSE Actuaries UK Conventional Gilts All Stocks Index
Benchmark Category
Target
IA Sector
UK Gilt
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
OEIC
Launch price
£0.48
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Annually
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
Email
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.