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 Woolnoughmanager
for
17 years
and 7 months
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.
Fund Overview
Mid (26/07/2024)
95.38p
Distribution yield
4.47%
Underlying yield
3.94%
Fund size (31/05/2024)
£1827.13m
Number of holdings
554
Entry Charge
0.00%
Ongoing Charges
0.53%
Launch date
08/12/2006
Asset Allocation
International Bonds
65.52%
Alternative Trading Strategies
23.10%
UK Corporate Bonds
11.13%
UK Gilts
10.42%
Money Market
4.79%
International Equities
0.41%
UK Equities
0.20%
Cash and Equivalents
-18.90%
Other Assets
3.32%
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
65.52%
Alternative Trading Strategies
23.10%
UK Corporate Bonds
11.13%
UK Gilts
10.42%
Money Market
4.79%
International Equities
0.41%
UK Equities
0.20%
Cash and Equivalents
-18.90%
Other Assets
3.32%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
87.07%
-
-
-
Alternative Trading Strategies
23.10%
-
-
-
Alternative Trading Strategies
-
23.10%
-
-
Alternative Trading Strategies
-
-
23.10%
-
Alternative Trading Strategies
-
-
-
23.10%
Non-Classified
3.32%
-
-
-
Health Care
0.30%
-
-
-
Health Care
-
0.30%
-
-
Pharmaceuticals & Biotechnology
-
-
0.30%
-
Pharmaceuticals
-
-
-
0.30%
Consumer Staples
0.20%
-
-
-
Food, Beverage & Tobacco
-
0.20%
-
-
Tobacco
-
-
0.20%
-
Tobacco
-
-
-
0.20%
Consumer Discretionary
0.11%
-
-
-
Automobiles & Parts
-
0.11%
-
-
Automobiles & Parts
-
-
0.11%
-
Automobiles
-
-
-
0.11%
Travel & Leisure
-
0.00%
-
-
Travel & Leisure
-
-
0.00%
-
Casinos & Gambling
-
-
-
0.00%
Cash and Equivalents
-14.11%
-
-
-
Regional Allocation
North America
34.30%
Non-Classified
29.42%
Developed Europe - Excl UK
23.25%
UK
21.75%
South & Central America
1.64%
Emerging Europe
1.52%
Australia & New Zealand
1.34%
Japan
0.41%
Middle East & Africa
0.25%
Other Regions
-13.88%
Fixed Interest Currencies
US Dollar
35.26%
Non-Fixed Interest Assets
31.83%
Pound Sterling
30.16%
Euro
21.12%
New Zealand Dollar
0.38%
Brazilian Real
0.15%
Cash
-18.90%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
34.30%
-
United States
-
32.92%
Canada
-
1.38%
Non-Classified
29.42%
-
Developed Europe - Excl UK
23.25%
-
France
-
8.57%
Netherlands
-
3.20%
Italy
-
3.07%
Spain
-
2.63%
Germany
-
1.60%
Switzerland
-
0.93%
Ireland
-
0.67%
Finland
-
0.56%
Luxembourg
-
0.51%
Sweden
-
0.48%
Belgium
-
0.37%
Denmark
-
0.36%
Austria
-
0.15%
Portugal
-
0.15%
UK
21.75%
-
United Kingdom
-
21.75%
South & Central America
1.64%
-
Mexico
-
1.22%
Colombia
-
0.42%
Emerging Europe
1.52%
-
Serbia
-
0.34%
Romania
-
0.31%
Greece
-
0.26%
Poland
-
0.21%
Slovakia (Slovak Republic)
-
0.18%
Hungary
-
0.15%
Macedonia, The Former Yugoslav Republic Of
-
0.08%
Australia & New Zealand
1.34%
-
Australia
-
0.96%
New Zealand
-
0.38%
Japan
0.41%
-
Japan
-
0.41%
Middle East & Africa
0.25%
-
Cote D'Ivoire
-
0.15%
Morocco
-
0.10%
South Africa
-
0.00%
Developed Asia
0.23%
-
Singapore
-
0.23%
Cash and Equivalents
-14.11%
-
Fixed Interest Maturity Profile
< 5Yr Maturity
15.47%
5Yr - 10Yr Maturity
34.81%
10Yr - 15Yr Maturity
6.19%
> 15Yr Maturity
30.59%
Cash And Equivalents
-14.11%
Unknown Maturity
3.32%
Other Asset Types
23.72%
Fixed Interest Quality Profile
AAA
24.14%
AA
13.02%
A
13.46%
BBB
25.42%
Sub-Investment Grade
1.68%
Unknown Quality
9.35%
Cash and Equivalents
-14.11%
Other Asset Types
27.04%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
TREASURY NOTE 3.375% 15/05/2033
3.56%
Bonds
United States
2
TREASURY NOTE 0.625% 15/05/2030
3.54%
Bonds
United States
3
TREASURY NOTE 2.375% 15/05/2029
3.01%
Bonds
United States
4
TREASURY NOTE 1.375% 15/11/2031
2.67%
Bonds
United States
5
TREASURY NOTE 0.625% 15/08/2030
2.64%
Bonds
United States
6
TREASURY BOND 1.25% 15/05/2050
2.56%
Bonds
United States
7
⅞ Treasury 2046
2.41%
Bonds
United Kingdom
8
4¼% Treasury Gilt 2046
1.97%
Bonds
United Kingdom
9
⅝% Treasury Gilt 2050
1.93%
Bonds
United Kingdom
10
3¾% Treasury Gilt 2053
1.79%
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
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
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.