M&G Emerging Markets Bond Class PP 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 | 2.2% | -1.1% | -2.3% | 4.3% | 10.0% |
| Sector | 3.9% | -2.6% | -5.8% | 3.9% | 9.3% |
| Rank | 15/18 | 4/18 | 2/18 | 17/18 | 8/19 |
| Quartile | 4 | 1 | 1 | 4 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.9% | 2.5% | n/a | |
| Sector | 2.3% | 1.6% | 3.1% | |
| Rank | 3/18 | 4/18 | n/a | |
| Quartile | 1 | 1 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 | 2.68 |
| MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 | 2.21 |
| SOUTH AFRICA (REPUBLIC OF) 8.875% 28/02/2035 | 1.93 |
| TREASURY NOTE 4.625% 28/02/2025 | 1.89 |
| SOUTH AFRICA (REPUBLIC OF) 8.75% 28/02/2048 | 1.58 |
| MALAYSIA (GOVERNMENT) 3.885% 15/08/2029 | 1.58 |
| URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 | 1.54 |
| SINGAPORE (REPUBLIC OF) 2.375% 01/06/2025 | 1.47 |
| MALAYSIA (GOVERNMENT) 3.844% 15/04/2033 | 1.12 |
| ARGENTINA REPUBLIC OF GOVERNMENT 09/07/2035 | 1.10 |
| Total | 17.11 |
Fund Aims
Investment objective 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 a composite index over any five-year period. The composite index is made up of one third JPM EMBI Global Diversified Index, one third JPM CEMBI Broad Diversified Index and one third JPM GBI-EM Global Diversified Index.
Fund Manager
Claudia Calich joined M&G in October 2013 as a specialist in emerging markets debt and was appointed fund manager of the M&G Emerging Markets Bond Fund in December 2013. Claudia has over 20 years of experience in emerging markets, most recently as a senior portfolio manager at Invesco in New York, with previous positions at Oppenheimer Funds, Fuji Bank, Standard & Poor’s and Reuters. Claudia graduated with a BA honours in economics from Susquehanna University in 1989 and holds an MA in international economics from the International University of Japan in Niigata.
Fund Overview
| Mid (20/12/2024) | 79.06p |
| Distribution yield | - |
| Underlying yield | - |
| Fund size (31/10/2024) | £1246.25m |
| Number of holdings | 449 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.58% |
| Launch date | 15/10/1999 |
Asset Allocation
| International Bonds | 92.67% | |
| UK Corporate Bonds | 2.83% | |
| Cash and Equivalents | 0.40% | |
| Alternative Trading Strategies | 0.13% | |
| Other Assets | 3.98% |
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 | 92.67% | |
| UK Corporate Bonds | 2.83% | |
| Cash and Equivalents | 0.40% | |
| Alternative Trading Strategies | 0.13% | |
| Other Assets | 3.98% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 95.49% | - | - | - | |
| Non-Classified | 3.98% | - | - | - | |
| Cash and Equivalents | 0.40% | - | - | - | |
| Alternative Trading Strategies | 0.13% | - | - | - | |
| Alternative Trading Strategies | - | 0.13% | - | - | |
| Alternative Trading Strategies | - | - | 0.13% | - | |
| Alternative Trading Strategies | - | - | - | 0.13% | |
Regional Allocation
| South & Central America | 26.92% | |
| Emerging Asia | 18.49% | |
| Middle East & Africa | 17.37% | |
| Emerging Europe | 11.89% | |
| Non-Classified | 8.31% | |
| North America | 7.07% | |
| Developed Europe - Excl UK | 4.07% | |
| UK | 2.83% | |
| Developed Asia | 2.67% | |
| Cash and Equivalents | 0.40% |
Fixed Interest Currencies
| US Dollar | 51.22% | |
| Euro | 5.64% | |
| Non-Fixed Interest Assets | 4.10% | |
| Malaysian Ringgit | 3.71% | |
| Mexican Peso | 3.53% | |
| Rand | 3.51% | |
| Other Currencies | 28.30% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| South & Central America | 26.92% | - | |
Mexico
|
- | 5.20% | |
Colombia
|
- | 3.51% | |
Brazil
|
- | 3.40% | |
Peru
|
- | 2.47% | |
Dominican Republic
|
- | 2.28% | |
Argentina
|
- | 1.91% | |
Uruguay
|
- | 1.54% | |
Paraguay
|
- | 1.16% | |
Venezuela
|
- | 0.81% | |
Trinidad and Tobago
|
- | 0.72% | |
Guatemala
|
- | 0.71% | |
Jamaica
|
- | 0.70% | |
Barbados
|
- | 0.62% | |
Suriname
|
- | 0.52% | |
Ecuador
|
- | 0.47% | |
Honduras
|
- | 0.39% | |
Chile
|
- | 0.21% | |
Costa Rica
|
- | 0.21% | |
Bolivia
|
- | 0.07% | |
| Emerging Asia | 18.49% | - | |
Indonesia
|
- | 3.90% | |
Malaysia
|
- | 3.71% | |
Uzbekistan
|
- | 1.82% | |
Viet Nam
|
- | 1.43% | |
Philippines
|
- | 1.41% | |
Kazakhstan
|
- | 1.01% | |
Azerbaijan
|
- | 0.99% | |
Tajikistan
|
- | 0.78% | |
Georgia
|
- | 0.71% | |
Thailand
|
- | 0.61% | |
Sri Lanka
|
- | 0.39% | |
Papua New Guinea
|
- | 0.30% | |
Pakistan
|
- | 0.30% | |
Armenia
|
- | 0.29% | |
India
|
- | 0.25% | |
South Korea
|
- | 0.22% | |
Mongolia
|
- | 0.19% | |
China
|
- | 0.17% | |
| Middle East & Africa | 17.37% | - | |
South Africa
|
- | 4.19% | |
Egypt
|
- | 1.26% | |
Morocco
|
- | 1.09% | |
Cote D'Ivoire
|
- | 1.01% | |
Qatar
|
- | 0.98% | |
Nigeria
|
- | 0.96% | |
Israel
|
- | 0.94% | |
Oman
|
- | 0.73% | |
Gabon
|
- | 0.71% | |
Kenya
|
- | 0.71% | |
Benin
|
- | 0.69% | |
Senegal
|
- | 0.69% | |
Jordan
|
- | 0.58% | |
Cameroon
|
- | 0.56% | |
Mozambique
|
- | 0.53% | |
Rwanda
|
- | 0.49% | |
Angola
|
- | 0.41% | |
United Arab Emirates
|
- | 0.39% | |
Ethiopia
|
- | 0.21% | |
Kuwait
|
- | 0.21% | |
Ghana
|
- | 0.04% | |
| Emerging Europe | 11.89% | - | |
Romania
|
- | 3.04% | |
Poland
|
- | 2.57% | |
Turkey
|
- | 2.32% | |
Hungary
|
- | 1.53% | |
Serbia
|
- | 0.97% | |
Ukraine
|
- | 0.87% | |
Bosnia and Herzegowina
|
- | 0.29% | |
Albania
|
- | 0.15% | |
Montenegro
|
- | 0.14% | |
| Non-Classified | 8.31% | - | |
| North America | 7.07% | - | |
United States
|
- | 7.07% | |
| Developed Europe - Excl UK | 4.07% | - | |
Luxembourg
|
- | 2.60% | |
Ireland
|
- | 0.56% | |
Netherlands
|
- | 0.55% | |
France
|
- | 0.21% | |
Germany
|
- | 0.15% | |
| UK | 2.83% | - | |
United Kingdom
|
- | 2.83% | |
| Developed Asia | 2.67% | - | |
Singapore
|
- | 1.81% | |
Hong Kong
|
- | 0.85% | |
| Cash and Equivalents | 0.40% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
31.66% |
| 5Yr - 10Yr Maturity |
|
30.97% |
| 10Yr - 15Yr Maturity |
|
13.34% |
| > 15Yr Maturity |
|
19.53% |
| Cash And Equivalents |
|
0.40% |
| Unknown Maturity |
|
3.98% |
| Other Asset Types |
|
0.13% |
Fixed Interest Quality Profile
| AAA |
|
3.32% |
| A |
|
2.59% |
| BBB |
|
14.22% |
| Sub-Investment Grade |
|
13.82% |
| Unknown Quality |
|
61.55% |
| Cash and Equivalents |
|
0.40% |
| Other Asset Types |
|
4.10% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 | 2.68% | Bonds | Brazil |
| 2 | MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 | 2.21% | Bonds | Mexico |
| 3 | SOUTH AFRICA (REPUBLIC OF) 8.875% 28/02/2035 | 1.93% | Bonds | South Africa |
| 4 | TREASURY NOTE 4.625% 28/02/2025 | 1.89% | Bonds | United States |
| 5 | SOUTH AFRICA (REPUBLIC OF) 8.75% 28/02/2048 | 1.58% | Bonds | South Africa |
| 6 | MALAYSIA (GOVERNMENT) 3.885% 15/08/2029 | 1.58% | Bonds | Malaysia |
| 7 | URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 | 1.54% | Bonds | Uruguay |
| 8 | SINGAPORE (REPUBLIC OF) 2.375% 01/06/2025 | 1.47% | Bonds | Singapore |
| 9 | MALAYSIA (GOVERNMENT) 3.844% 15/04/2033 | 1.12% | Bonds | Malaysia |
| 10 | ARGENTINA REPUBLIC OF GOVERNMENT 09/07/2035 | 1.10% | Bonds | Argentina |
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 | BK7XX79 |
| Mex Code | - |
| Isin Code | GB00BK7XX793 |
| Citi Code | QGN8 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.58% |
Aims and Benchmark
| Aims | Investment objective 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 a composite index over any five-year period. The composite index is made up of one third JPM EMBI Global Diversified Index, one third JPM CEMBI Broad Diversified Index and one third JPM GBI-EM Global Diversified Index. |
| Benchmark | 1/3 JPM EMBI Global Diversified Index, 1/3 JPM CEMBI Broad Diversified Index, 1/3 JPM GBI-EM Global Diversified Index |
| Benchmark Category | Target |
| IA Sector | Global Emerging Markets Bond |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | $0.50 |
| 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.