The fund has two aims: to provide combined capital growth and income that is higher than that of the MSCI World Index over any five-year period; and to invest in companies that aim to deliver solutions to the challenge of climate change. At least 80% of the fund is invested in the shares of companies from any developed market. The fund usually holds shares in fewer than 40 companies. The fund invests over the long term in companies delivering solutions to the climate change challenge alongside a financial return. Sustainability and impact considerations are fundamental in the stock selection process. The fund embraces the UN Sustainable Development Goals framework and invests in companies focused on
areas including clean energy, green technology and the promotion of a circular economy.
Fund Manager
Randeep Somelmanager
for
3 years
and 9 months
Randeep Somel became fund manager of the M&G Global Basics Fund and the M&G Managed Growth Fund in 2013, having previously been deputy fund manager on both funds since 2010. Randeep joined M&G in 2005 as a fund managers’ assistant on the M&G Equities team, and in August 2008, was promoted to dedicated analyst on the M&G Global Basics Fund, the M&G Managed Growth Fund and the Vanguard Precious Metals & Mining Fund. Prior to joining M&G, Randeep worked for State Street in a fund accounting role. He graduated from Birmingham University with a degree in economics in 2003. Randeep is a CFA charterholder.
Fund Overview
Mid (30/08/2024)
105.23p
Historic yield
0.53%
Fund size (31/05/2024)
£24.12m
Number of holdings
34
Entry Charge
0.00%
Ongoing Charges
0.66%
Launch date
-
Asset Allocation
International Equities
90.24%
UK Equities
6.84%
Cash and Equivalents
2.92%
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 Equities
90.24%
UK Equities
6.84%
Cash and Equivalents
2.92%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Industrials
34.24%
-
-
-
Industrial Goods & Services
-
31.53%
-
-
Electronic & Electrical Equipment
-
-
16.94%
-
Electronic Equipment: Gauges & Meters
-
-
-
7.43%
Electrical Components
-
-
-
4.37%
Electronic Equipment: Pollution Control
-
-
-
3.02%
Electronic Equipment: Control & Filter
-
-
-
2.12%
General Industrials
-
-
6.38%
-
Containers & Packaging
-
-
-
6.38%
Industrial Engineering
-
-
3.91%
-
Machinery: Industrial
-
-
-
3.91%
Industrial Support Services
-
-
2.38%
-
Professional Business Support Services
-
-
-
2.38%
Industrial Transportation
-
-
1.92%
-
Delivery Services
-
-
-
1.92%
Construction & Materials
-
2.71%
-
-
Construction & Materials
-
-
2.71%
-
Building Materials: Other
-
-
-
2.71%
Utilities
24.50%
-
-
-
Utilities
-
24.50%
-
-
Electricity
-
-
11.36%
-
Alternative Electricity
-
-
-
8.53%
Conventional Electricity
-
-
-
2.83%
Waste & Disposal Services
-
-
9.57%
-
Waste & Disposal Services
-
-
-
9.57%
Gas, Water & Multi-utilities
-
-
3.57%
-
Water
-
-
-
3.57%
Technology
17.14%
-
-
-
Technology
-
17.14%
-
-
Software & Computer Services
-
-
9.48%
-
Software
-
-
-
9.48%
Technology Hardware & Equipment
-
-
7.65%
-
Semiconductors
-
-
-
7.65%
Energy
9.67%
-
-
-
Energy
-
9.67%
-
-
Renewable Energy
-
-
9.67%
-
Renewable Energy Equipment
-
-
-
7.83%
Alternative Fuels
-
-
-
1.85%
Basic Materials
5.06%
-
-
-
Chemicals
-
5.06%
-
-
Chemicals
-
-
5.06%
-
Chemicals: Diversified
-
-
-
5.06%
Real Estate
2.92%
-
-
-
Real Estate
-
2.92%
-
-
Real Estate Investment Trusts
-
-
2.92%
-
Other Specialty REITs
-
-
-
2.92%
Cash and Equivalents
2.92%
-
-
-
Consumer Discretionary
2.19%
-
-
-
Consumer Products & Services
-
2.19%
-
-
Consumer Services
-
-
2.19%
-
Consumer Services: Misc.
-
-
-
2.19%
Consumer Staples
1.35%
-
-
-
Food, Beverage & Tobacco
-
1.35%
-
-
Food Producers
-
-
1.35%
-
Food Products
-
-
-
1.35%
Regional Allocation
North America
41.59%
Developed Europe - Excl UK
41.42%
UK
6.84%
Japan
5.36%
Cash and Equivalents
2.92%
Australia & New Zealand
1.88%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
41.59%
-
United States
-
41.59%
Developed Europe - Excl UK
41.42%
-
Ireland
-
7.18%
Denmark
-
6.33%
Luxembourg
-
5.94%
France
-
4.37%
Germany
-
3.92%
Norway
-
3.11%
Austria
-
3.08%
Belgium
-
2.83%
Netherlands
-
2.41%
Spain
-
2.24%
UK
6.84%
-
United Kingdom
-
6.84%
Japan
5.36%
-
Japan
-
5.36%
Cash and Equivalents
2.92%
-
Australia & New Zealand
1.88%
-
Australia
-
1.88%
Breakdown By Market Cap (%)
Mega
13.56%
Large
31.43%
Medium
18.99%
Micro
4.20%
Non-Classified
28.90%
Cash
2.92%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
REPUBLIC SERVICES
5.55%
Waste & Disposal Services
United States
2
LINDE PUBLIC LIMITED COMPANY
5.06%
Chemicals
Ireland
3
SCHNEIDER ELECTRIC SE
4.37%
Electronic & Electrical Equipment
France
4
ENPHASE ENERGY
4.20%
Renewable Energy
United States
5
BEFESA SA
4.02%
Waste & Disposal Services
Luxembourg
6
ANSYS
3.94%
Software & Computer Services
United States
7
INFINEON TECHNOLOGIES AG
3.92%
Technology Hardware & Equipment
Germany
8
SYNOPSYS
3.87%
Software & Computer Services
United States
9
ON SEMICONDUCTOR CORPORATION
3.74%
Technology Hardware & Equipment
United States
10
AMERICAN WATER WORKS CO INC
3.57%
Gas, Water & Multi-utilities
United States
Dual Aspect Equity Analysis
UK Equities
Int'l Equities
UK Bonds
Int'l Bonds
UK Gilts
Property
Other
Cash & Equiv
Total
Technology
-
17.14%
-
-
-
-
-
-
17.14%
Real Estate
-
2.92%
-
-
-
-
-
-
2.92%
Consumer Discretionary
-
2.19%
-
-
-
-
-
-
2.19%
Consumer Staples
-
1.35%
-
-
-
-
-
-
1.35%
Energy
1.85%
7.83%
-
-
-
-
-
-
9.67%
Utilities
-
24.50%
-
-
-
-
-
-
24.50%
Industrials
4.99%
29.24%
-
-
-
-
-
-
34.24%
Basic Materials
-
5.06%
-
-
-
-
-
-
5.06%
Cash and Equivalents
-
-
-
-
-
-
-
2.92%
2.92%
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
BNC0XT8
Mex Code
-
Isin Code
GB00BNC0XT88
Citi Code
W8VC
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.66%
Aims and Benchmark
Aims
The fund has two aims: to provide combined capital growth and income that is higher than that of the MSCI World Index over any five-year period; and to invest in companies that aim to deliver solutions to the challenge of climate change. At least 80% of the fund is invested in the shares of companies from any developed market. The fund usually holds shares in fewer than 40 companies. The fund invests over the long term in companies delivering solutions to the climate change challenge alongside a financial return. Sustainability and impact considerations are fundamental in the stock selection process. The fund embraces the UN Sustainable Development Goals framework and invests in companies focused on
areas including clean energy, green technology and the promotion of a circular economy.
Benchmark
MSCI World Gross TR Index
Benchmark Category
Target
IA Sector
Global
Fund Background
Valuation frequency
Daily
Valuation point
-
Fund type
OEIC
Launch price
-
Fund currency
Pound Sterling
Fund domicile
-
ISA allowable
No
SIPP allowable
No
Distribution Details
Income frequency
Annually
Distribution Type
Dividend
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
-
Fund Administrator
-
Fund Registrar
-
Fund Custodian
-
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
-
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.