M&G Gilt & Fixed Interest Income Class I 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 | 4.8% | -1.3% | -21.4% | -5.2% | 3.9% |
| Sector | 5.7% | -1.6% | -22.3% | -5.7% | 3.6% |
| Rank | 22/28 | 15/29 | 12/30 | 10/32 | 23/32 |
| Quartile | 4 | 2 | 2 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -8.2% | -4.4% | -0.3% | |
| Sector | -8.8% | -4.6% | -0.1% | |
| Rank | 11/30 | 9/28 | 6/19 | |
| Quartile | 2 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 4⅛% Treasury Gilt 2027 | 16.65 |
| 4½% Treasury Gilt 2028 | 14.71 |
| UNITED KINGDOM OF GREAT BRITAIN AN 4.125% 22/07/2029 | 12.16 |
| 4% Treasury Gilt 2063 | 9.42 |
| 4¾% Treasury Gilt 2043 | 8.04 |
| M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 4.45 |
| 1% Treasury Gilt 2032 | 4.36 |
| ⅞ Treasury 2046 | 3.84 |
| 5% Treasury Stock 2025 | 3.55 |
| 1⅝% Treasury Gilt 2054 | 3.28 |
| Total | 80.46 |
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 FTSE UK Conventional Gilts All Stocks Index over any five-year period.
Fund Manager
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 (20/12/2024) | 809.89p |
| Distribution yield | 4.44% |
| Underlying yield | 4.19% |
| Fund size (31/10/2024) | £368.93m |
| Number of holdings | 21 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.25% |
| Launch date | 09/12/1980 |
Asset Allocation
| UK Gilts | 82.44% | |
| UK Corporate Bonds | 0.86% | |
| Cash and Equivalents | 0.10% | |
| Other Assets | 16.60% |
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
| UK Gilts | 82.44% | |
| UK Corporate Bonds | 0.86% | |
| Cash and Equivalents | 0.10% | |
| Other Assets | 16.60% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 83.30% | - | - | - | |
| Non-Classified | 16.60% | - | - | - | |
| Non-Classified | - | 4.45% | - | - | |
| Non-Classified | - | - | 4.45% | - | |
| Non-Classified | - | - | - | 4.45% | |
| Cash and Equivalents | 0.10% | - | - | - | |
Regional Allocation
| UK | 83.30% | |
| Non-Classified | 16.60% | |
| Cash and Equivalents | 0.10% |
Fixed Interest Currencies
| Pound Sterling | 83.30% | |
| Non-Fixed Interest Assets | 16.60% | |
| Cash | 0.10% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 83.30% | - | |
United Kingdom
|
- | 83.30% | |
| Non-Classified | 16.60% | - | |
| Cash and Equivalents | 0.10% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
41.39% |
| 5Yr - 10Yr Maturity |
|
4.36% |
| > 15Yr Maturity |
|
37.55% |
| Cash And Equivalents |
|
0.10% |
| Unknown Maturity |
|
12.16% |
| Other Asset Types |
|
4.45% |
Fixed Interest Quality Profile
| AA |
|
83.30% |
| Cash and Equivalents |
|
0.10% |
| Other Asset Types |
|
16.60% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 4⅛% Treasury Gilt 2027 | 16.65% | Bonds | United Kingdom |
| 2 | 4½% Treasury Gilt 2028 | 14.71% | Bonds | United Kingdom |
| 3 | UNITED KINGDOM OF GREAT BRITAIN AN 4.125% 22/07/2029 | 12.16% | Non-Classified | Non-Classified |
| 4 | 4% Treasury Gilt 2063 | 9.42% | Bonds | United Kingdom |
| 5 | 4¾% Treasury Gilt 2043 | 8.04% | Bonds | United Kingdom |
| 6 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 4.45% | Managed Funds | Non-Classified |
| 7 | 1% Treasury Gilt 2032 | 4.36% | Bonds | United Kingdom |
| 8 | ⅞ Treasury 2046 | 3.84% | Bonds | United Kingdom |
| 9 | 5% Treasury Stock 2025 | 3.55% | Bonds | United Kingdom |
| 10 | 1⅝% Treasury Gilt 2054 | 3.28% | 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 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 | B7454D0 |
| Mex Code | - |
| Isin Code | GB00B7454D07 |
| Citi Code | 0ZDQ |
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 | 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 |
| 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 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.