M&G Optimal Income Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 17.5% | -3.6% | -2.9% | 11.0% | 4.6% |
| Sector | 12.4% | -2.2% | -5.7% | 7.2% | 5.0% |
| Rank | 17/69 | 54/74 | 19/80 | 14/84 | 55/87 |
| Quartile | 1 | 3 | 1 | 1 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 4.1% | 5.0% | n/a | |
| Sector | 2.0% | 3.1% | 2.5% | |
| Rank | 18/80 | 15/69 | n/a | |
| Quartile | 1 | 1 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TREASURY NOTE 3.375% 15/05/2033 | 5.49 |
| TREASURY BOND 1.375% 15/08/2050 | 3.72 |
| TREASURY BOND 1.25% 15/05/2050 | 3.65 |
| TREASURY NOTE 1.375% 15/11/2031 | 3.64 |
| TREASURY NOTE 2.375% 15/05/2029 | 3.26 |
| TREASURY NOTE 0.625% 15/05/2030 | 2.91 |
| TREASURY NOTE 4% 15/02/2034 | 2.84 |
| TREASURY NOTE 0.625% 15/08/2030 | 2.40 |
| FRANCE (REPUBLIC OF) 0.75% 25/05/2052 | 2.31 |
| FRANCE (REPUBLIC OF) 0.75% 25/05/2053 | 2.26 |
| Total | 32.48 |
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 the average return of the IA £ Strategic Bond Sector, over any five-year period.
Fund Manager
Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in economics.
Stefan Isaacs started at M&G in 2001 and was promoted to corporate bond dealer specialising in high yield bonds and euro denominated credit. He joined the fund management team in 2006 as an assistant fund manager covering high yield and European investment grade for M&G's fixed interest fund range. He was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G High Yield Corporate Bond Fund in October 2010. Stefan graduated from Manchester Metropolitan University with a degree in international business and French.
James Tomlins joined M&G in 2011 and was appointed fund manager of the M&G European High Yield Bond Fund later that year. In January 2014, he became co-manager of the M&G High Yield Corporate Bond Fund after two years being deputy manager on the fund. James is a specialist in high yield credit with more than 10 years’ experience in this sector. He was previously an analyst and then a fund manager at Cazenove Capital Management. Before Cazenove, James was at KBC Alternative Investment Management and in the three years prior to that worked at Merrill Lynch Investment Managers. James is a CFA charterholder. He holds an MA in history and PgDip in economics from the University of Cambridge.
Fund Overview
| Mid (01/04/2025) | 94.29p |
| Distribution yield | 4.33% |
| Underlying yield | 3.81% |
| Fund size (28/02/2025) | £1853.41m |
| Number of holdings | 546 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.53% |
| Launch date | 08/12/2006 |
Asset Allocation
| International Bonds | 74.18% | |
| Alternative Trading Strategies | 17.91% | |
| UK Corporate Bonds | 8.16% | |
| UK Gilts | 6.45% | |
| International Equities | 0.41% | |
| UK Equities | 0.25% | |
| Cash and Equivalents | -12.40% | |
| Other Assets | 5.04% |
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
| International Bonds | 74.18% | |
| Alternative Trading Strategies | 17.91% | |
| UK Corporate Bonds | 8.16% | |
| UK Gilts | 6.45% | |
| International Equities | 0.41% | |
| UK Equities | 0.25% | |
| Cash and Equivalents | -12.40% | |
| Other Assets | 5.04% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 88.79% | - | - | - | |
| Alternative Trading Strategies | 17.91% | - | - | - | |
| Alternative Trading Strategies | - | 17.91% | - | - | |
| Alternative Trading Strategies | - | - | 17.91% | - | |
| Alternative Trading Strategies | - | - | - | 17.91% | |
| Non-Classified | 5.04% | - | - | - | |
| Health Care | 0.32% | - | - | - | |
| Health Care | - | 0.32% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.32% | - | |
| Pharmaceuticals | - | - | - | 0.32% | |
| Consumer Staples | 0.25% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.25% | - | - | |
| Tobacco | - | - | 0.25% | - | |
| Tobacco | - | - | - | 0.25% | |
| Industrials | 0.09% | - | - | - | |
| Industrial Goods & Services | - | 0.09% | - | - | |
| Industrial Support Services | - | - | 0.09% | - | |
| Business Training & Employment Agencies | - | - | - | 0.09% | |
| Consumer Discretionary | 0.00% | - | - | - | |
| Travel & Leisure | - | 0.00% | - | - | |
| Travel & Leisure | - | - | 0.00% | - | |
| Casinos & Gambling | - | - | - | 0.00% | |
| Cash and Equivalents | -12.40% | - | - | - | |
Regional Allocation
| North America | 41.54% | |
| Non-Classified | 26.34% | |
| Developed Europe - Excl UK | 24.45% | |
| UK | 14.86% | |
| Australia & New Zealand | 1.71% | |
| South & Central America | 1.34% | |
| Emerging Europe | 1.28% | |
| Japan | 0.62% | |
| Middle East & Africa | 0.16% | |
| Other Regions | -12.31% |
Fixed Interest Currencies
| US Dollar | 43.81% | |
| Euro | 24.73% | |
| Non-Fixed Interest Assets | 23.61% | |
| Pound Sterling | 19.57% | |
| New Zealand Dollar | 0.39% | |
| Australian Dollar | 0.29% | |
| Cash | -12.40% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 41.54% | - | |
United States
|
- | 40.73% | |
Canada
|
- | 0.81% | |
| Non-Classified | 26.34% | - | |
| Developed Europe - Excl UK | 24.45% | - | |
France
|
- | 8.15% | |
Spain
|
- | 3.20% | |
Italy
|
- | 2.75% | |
Germany
|
- | 2.74% | |
Netherlands
|
- | 2.24% | |
Ireland
|
- | 2.17% | |
Switzerland
|
- | 0.97% | |
Sweden
|
- | 0.50% | |
Luxembourg
|
- | 0.46% | |
Finland
|
- | 0.44% | |
Austria
|
- | 0.37% | |
Belgium
|
- | 0.20% | |
Portugal
|
- | 0.15% | |
Norway
|
- | 0.09% | |
| UK | 14.86% | - | |
United Kingdom
|
- | 14.86% | |
| Australia & New Zealand | 1.71% | - | |
Australia
|
- | 1.32% | |
New Zealand
|
- | 0.39% | |
| South & Central America | 1.34% | - | |
Mexico
|
- | 0.84% | |
Colombia
|
- | 0.41% | |
Brazil
|
- | 0.09% | |
| Emerging Europe | 1.28% | - | |
Serbia
|
- | 0.43% | |
Romania
|
- | 0.39% | |
Slovakia (Slovak Republic)
|
- | 0.19% | |
Hungary
|
- | 0.15% | |
Greece
|
- | 0.13% | |
| Japan | 0.62% | - | |
Japan
|
- | 0.62% | |
| Middle East & Africa | 0.16% | - | |
Cote D'Ivoire
|
- | 0.16% | |
South Africa
|
- | 0.00% | |
| Developed Asia | 0.09% | - | |
Singapore
|
- | 0.09% | |
| Cash and Equivalents | -12.40% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
13.05% |
| 5Yr - 10Yr Maturity |
|
36.88% |
| 10Yr - 15Yr Maturity |
|
4.93% |
| > 15Yr Maturity |
|
33.92% |
| Cash And Equivalents |
|
-12.40% |
| Unknown Maturity |
|
5.04% |
| Other Asset Types |
|
18.57% |
Fixed Interest Quality Profile
| AAA |
|
34.96% |
| AA |
|
10.71% |
| A |
|
11.07% |
| BBB |
|
18.13% |
| Sub-Investment Grade |
|
1.91% |
| Unknown Quality |
|
12.02% |
| Cash and Equivalents |
|
-12.40% |
| Other Asset Types |
|
23.61% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TREASURY NOTE 3.375% 15/05/2033 | 5.49% | Bonds | United States |
| 2 | TREASURY BOND 1.375% 15/08/2050 | 3.72% | Bonds | United States |
| 3 | TREASURY BOND 1.25% 15/05/2050 | 3.65% | Bonds | United States |
| 4 | TREASURY NOTE 1.375% 15/11/2031 | 3.64% | Bonds | United States |
| 5 | TREASURY NOTE 2.375% 15/05/2029 | 3.26% | Bonds | United States |
| 6 | TREASURY NOTE 0.625% 15/05/2030 | 2.91% | Bonds | United States |
| 7 | TREASURY NOTE 4% 15/02/2034 | 2.84% | Bonds | United States |
| 8 | TREASURY NOTE 0.625% 15/08/2030 | 2.40% | Bonds | United States |
| 9 | FRANCE (REPUBLIC OF) 0.75% 25/05/2052 | 2.31% | Bonds | France |
| 10 | FRANCE (REPUBLIC OF) 0.75% 25/05/2053 | 2.26% | Bonds | France |
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 | BK7XXS0 |
| Mex Code | - |
| Isin Code | GB00BK7XXS01 |
| Citi Code | QGNQ |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.53% |
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 the average return of the IA £ Strategic Bond Sector, over any five-year period. |
| Benchmark | A composite index made up of: • 1/3 Bloomberg Global Treasury Index GBP Hedged • 1/3 Bloomberg Global Aggregate Corporate Index GBP Hedged • 1/3 Bloomberg Global High Yield Index GBP Hedged |
| 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.
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.