M&G Emerging Markets Bond Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/08/20 to 31/08/21 |
31/08/21 to 31/08/22 |
31/08/22 to 31/08/23 |
31/08/23 to 31/08/24 |
31/08/24 to 31/08/25 |
|
|---|---|---|---|---|---|
| Fund | 4.1% | -5.1% | 3.8% | 7.3% | 7.6% |
| Sector | 3.5% | -7.4% | 1.1% | 7.7% | 7.3% |
| Rank | 14/18 | 3/18 | 13/18 | 17/19 | 13/19 |
| Quartile | 4 | 1 | 3 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/08/25 |
5 Years to 31/08/25 |
10 Years to 31/08/25 |
||
| Fund | 6.2% | 3.4% | n/a | |
| Sector | 5.3% | 2.3% | 4.5% | |
| Rank | 16/18 | 3/18 | n/a | |
| Quartile | 4 | 1 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 | 3.52 |
| BRAZIL NOTAS DO TESOURO NACIONAL S 1% 01/01/2033 | 3.02 |
| SOUTH AFRICA (REPUBLIC OF) 8.75% 31/01/2044 | 2.66 |
| POLAND (REPUBLIC OF) 6% 25/10/2033 | 1.75 |
| POLAND (REPUBLIC OF) 1.75% 25/04/2032 | 1.71 |
| URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 | 1.59 |
| TREASURY (CPI) NOTE 1.875% 15/07/2034 | 1.48 |
| TREASURY BOND 1.75% 15/08/2041 | 1.46 |
| VIET NAM DEBT AND ASSET TRADING CO 1% 10/10/2025 | 1.28 |
| MALAYSIA (GOVERNMENT) 3.844% 15/04/2033 | 1.21 |
| Total | 19.68 |
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
Nick Smallwood joined M&G in September 2019 as a financials strategist for emerging markets debt. Nick, who has 14 years’ market experience, has been involved in emerging markets for the past eight years. While his main expertise lies in the financials space, he has also covered various non-financial corporate sectors. Prior to joining M&G, Nick has held positions at ING, AIG, GE Asset Management and Daiwa Capital Markets. Nick graduated from the University of Oxford with a BA Hons in Classics.
Charles De Quinsonas was appointed deputy fund manager of the M&G Emerging Markets Bond Fund in September 2015, having joined the M&G Retail Fixed Interest team in May 2014 as a junior fund manager supporting the fund. Charles’s focus is on emerging market corporates, helping to shape the fund’s strategy and uncover additional opportunities on this ever-expanding universe. He has a solid background in corporate credit research and joined M&G from Spread Research (in Lyon, France, and New York) where he spent four years analysing a variety of high yield and emerging market industrial credits.
Fund Overview
| Mid (17/09/2025) | 75.73p |
| Distribution yield | 7.72% |
| Underlying yield | 7.14% |
| Fund size (31/08/2025) | £1043.15m |
| Number of holdings | 541 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.58% |
| Launch date | 15/10/1999 |
Asset Allocation
| International Bonds | 94.06% | |
| UK Corporate Bonds | 2.08% | |
| Cash and Equivalents | 0.47% | |
| Other Assets | 3.39% |
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.
Asset Allocation
| International Bonds | 94.06% | |
| UK Corporate Bonds | 2.08% | |
| Cash and Equivalents | 0.47% | |
| Other Assets | 3.39% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 96.14% | - | - | - | |
| Non-Classified | 3.39% | - | - | - | |
| Cash and Equivalents | 0.47% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| South & Central America | 27.14% | |
| Emerging Asia | 19.89% | |
| Middle East & Africa | 15.65% | |
| Emerging Europe | 15.24% | |
| North America | 8.89% | |
| Developed Europe - Excl UK | 6.00% | |
| Non-Classified | 3.93% | |
| UK | 2.08% | |
| Developed Asia | 0.72% | |
| Cash and Equivalents | 0.47% |
Fixed Interest Currencies
| US Dollar | 53.44% | |
| Euro | 6.33% | |
| Mexican Peso | 3.52% | |
| Zloty | 3.46% | |
| Malaysian Ringgit | 3.28% | |
| Rupiah | 3.26% | |
| Other Currencies | 26.72% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| South & Central America | 27.14% | - | |
Mexico
|
- | 5.30% | |
Brazil
|
- | 3.78% | |
Colombia
|
- | 3.33% | |
Argentina
|
- | 2.00% | |
Paraguay
|
- | 1.68% | |
Uruguay
|
- | 1.59% | |
Peru
|
- | 1.48% | |
Dominican Republic
|
- | 1.44% | |
Jamaica
|
- | 1.01% | |
Venezuela
|
- | 0.91% | |
Chile
|
- | 0.90% | |
Barbados
|
- | 0.71% | |
Guatemala
|
- | 0.55% | |
Honduras
|
- | 0.55% | |
Ecuador
|
- | 0.50% | |
Suriname
|
- | 0.49% | |
Trinidad and Tobago
|
- | 0.38% | |
El Salvador
|
- | 0.28% | |
Costa Rica
|
- | 0.22% | |
Bolivia
|
- | 0.04% | |
| Emerging Asia | 19.89% | - | |
Indonesia
|
- | 3.73% | |
Malaysia
|
- | 3.28% | |
Uzbekistan
|
- | 2.26% | |
Kazakhstan
|
- | 2.02% | |
Viet Nam
|
- | 1.71% | |
Philippines
|
- | 1.05% | |
Azerbaijan
|
- | 1.02% | |
Georgia
|
- | 0.85% | |
Thailand
|
- | 0.66% | |
Tajikistan
|
- | 0.60% | |
Kyrgyzstan
|
- | 0.48% | |
Sri Lanka
|
- | 0.47% | |
Pakistan
|
- | 0.45% | |
Papua New Guinea
|
- | 0.37% | |
Armenia
|
- | 0.32% | |
India
|
- | 0.21% | |
China
|
- | 0.20% | |
Mongolia
|
- | 0.15% | |
South Korea
|
- | 0.08% | |
| Middle East & Africa | 15.65% | - | |
South Africa
|
- | 3.57% | |
United Arab Emirates
|
- | 1.75% | |
Egypt
|
- | 1.33% | |
Nigeria
|
- | 1.31% | |
Cote D'Ivoire
|
- | 1.23% | |
Morocco
|
- | 0.74% | |
Ghana
|
- | 0.73% | |
Benin
|
- | 0.67% | |
Qatar
|
- | 0.63% | |
Mozambique
|
- | 0.61% | |
Angola
|
- | 0.57% | |
Kenya
|
- | 0.48% | |
Gabon
|
- | 0.41% | |
Jordan
|
- | 0.34% | |
Zambia
|
- | 0.34% | |
Israel
|
- | 0.32% | |
Saudi Arabia
|
- | 0.26% | |
Togo
|
- | 0.22% | |
Senegal
|
- | 0.16% | |
| Emerging Europe | 15.24% | - | |
Poland
|
- | 3.86% | |
Turkey
|
- | 2.88% | |
Hungary
|
- | 2.48% | |
Romania
|
- | 2.02% | |
Serbia
|
- | 1.13% | |
Ukraine
|
- | 1.05% | |
Czech Republic
|
- | 0.86% | |
Bulgaria
|
- | 0.59% | |
Albania
|
- | 0.20% | |
Montenegro
|
- | 0.16% | |
| North America | 8.89% | - | |
United States
|
- | 8.37% | |
Canada
|
- | 0.52% | |
| Developed Europe - Excl UK | 6.00% | - | |
Luxembourg
|
- | 3.80% | |
Netherlands
|
- | 1.27% | |
Ireland
|
- | 0.38% | |
France
|
- | 0.25% | |
Germany
|
- | 0.17% | |
Spain
|
- | 0.13% | |
| Non-Classified | 3.93% | - | |
| UK | 2.08% | - | |
United Kingdom
|
- | 2.08% | |
| Developed Asia | 0.72% | - | |
Hong Kong
|
- | 0.41% | |
Singapore
|
- | 0.31% | |
| Cash and Equivalents | 0.47% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
22.59% |
| 5Yr - 10Yr Maturity |
|
36.82% |
| 10Yr - 15Yr Maturity |
|
16.31% |
| > 15Yr Maturity |
|
20.42% |
| Cash And Equivalents |
|
0.47% |
| Unknown Maturity |
|
3.39% |
Fixed Interest Quality Profile
| AAA |
|
1.72% |
| AA |
|
2.94% |
| A |
|
2.92% |
| BBB |
|
12.10% |
| Sub-Investment Grade |
|
13.10% |
| Unknown Quality |
|
63.35% |
| Cash and Equivalents |
|
0.47% |
| Other Asset Types |
|
3.39% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 | 3.52% | Bonds | Mexico |
| 2 | BRAZIL NOTAS DO TESOURO NACIONAL S 1% 01/01/2033 | 3.02% | Bonds | Brazil |
| 3 | SOUTH AFRICA (REPUBLIC OF) 8.75% 31/01/2044 | 2.66% | Bonds | South Africa |
| 4 | POLAND (REPUBLIC OF) 6% 25/10/2033 | 1.75% | Bonds | Poland |
| 5 | POLAND (REPUBLIC OF) 1.75% 25/04/2032 | 1.71% | Bonds | Poland |
| 6 | URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 | 1.59% | Bonds | Uruguay |
| 7 | TREASURY (CPI) NOTE 1.875% 15/07/2034 | 1.48% | Bonds | United States |
| 8 | TREASURY BOND 1.75% 15/08/2041 | 1.46% | Bonds | United States |
| 9 | VIET NAM DEBT AND ASSET TRADING CO 1% 10/10/2025 | 1.28% | Bonds | Viet Nam |
| 10 | MALAYSIA (GOVERNMENT) 3.844% 15/04/2033 | 1.21% | Bonds | Malaysia |
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 | 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 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.