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
Fund 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.
Fund Manager
Matthew Russellmanager
for
10 years
and 10 months
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.
Fund Overview
Mid (26/07/2024)
99.55p
Distribution yield
5.12%
Underlying yield
4.97%
Fund size (31/05/2024)
£445.12m
Number of holdings
212
Entry Charge
0.00%
Ongoing Charges
0.15%
Launch date
29/01/1993
Asset Allocation
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%
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
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%
Bond Sector Breakdown
Expand allCollapse all
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%
-
-
-
Regional Allocation
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%
Fixed Interest Currencies
Pound Sterling
43.81%
Non-Fixed Interest Assets
23.84%
Euro
20.95%
US Dollar
19.17%
Canadian Dollar
1.22%
Cash
-8.98%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
31.98%
-
United Kingdom
-
31.98%
North America
24.88%
-
United States
-
19.25%
Canada
-
5.63%
Non-Classified
23.50%
-
Developed Europe - Excl UK
22.97%
-
France
-
5.02%
Germany
-
4.66%
Netherlands
-
2.48%
Italy
-
2.21%
Ireland
-
2.05%
Sweden
-
1.86%
Luxembourg
-
1.65%
Spain
-
1.41%
Switzerland
-
1.04%
Belgium
-
0.39%
Austria
-
0.21%
Australia & New Zealand
1.72%
-
Australia
-
1.72%
Emerging Europe
0.66%
-
Greece
-
0.66%
South & Central America
0.43%
-
Mexico
-
0.43%
Cash and Equivalents
-6.14%
-
Fixed Interest Maturity Profile
< 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%
Fixed Interest Quality Profile
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%
Top 10 Holdings
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
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
BK7XXW4
Mex Code
-
Isin Code
GB00BK7XXW47
Citi Code
QGNT
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.15%
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 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
Fund Background
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
Distribution Details
Income frequency
Quarterly
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
-
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 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.