M&G Global Target Return 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 | 5.1% | 1.1% | 6.9% | 5.7% | 5.4% |
| Sector | 2.3% | 3.8% | 0.1% | 3.1% | 7.8% |
| Rank | 25/63 | 45/66 | 14/72 | 21/74 | 57/74 |
| Quartile | 2 | 3 | 1 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 6.0% | 4.8% | n/a | |
| Sector | 3.7% | 3.4% | 2.4% | |
| Rank | 16/72 | 20/63 | n/a | |
| Quartile | 1 | 2 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| cash | 9.32 |
| cash | 9.01 |
| cash | 8.57 |
| cash | 8.27 |
| cash | 7.24 |
| cash | 5.16 |
| 3¾% Treasury Gilt 2053 | 5.07 |
| MEXICO (UNITED MEXICAN STATES) (GO 7.5% 26/05/2033 | 4.88 |
| TREASURY (CPI) NOTE 1.375% 15/07/2033 | 4.02 |
| cash | 3.01 |
| Total | 64.55 |
Fund Aims
The Fund aims to achieve a total return (the combination of income and capital growth) of at least 2-4%, per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, in any market conditions and over any three year period. The Fund aims to achieve this while seeking to minimise the degree to which the value of the Fund fluctuates over time (volatility), while also seeking to limit monthly losses. Managing the Fund in this way reduces its ability to achieve returns significantly above SONIA plus 2-4%. There is no guarantee that the Fund will achieve a positive return over three years, or any other, period, and investors may not get back the original amount they invested.
Fund Manager
Tristan Hanson was appointed fund manager of the M&G Global Target Return Fund upon its launch in December 2016. Tristan has over 15 years of experience in asset management and joined M&G in April 2016 from Ashburton Investments, where he started in 2008 and was appointed Head of Asset Allocation with responsibility for global multi-asset funds in 2010. Prior to this, Tristan worked as a Strategist at JP Morgan Cazenove from 1999 to 2006, covering equities, fixed income and currencies. Tristan holds a Master in Public Administration in International Development from Harvard University’s Kennedy School of Government and a BA (Hons) in Economics from Durham University. He is a Chartered Fellow of the CISI.
Craig Simpson was appointed co-manager of the M&G Episode Growth Fund in December 2019, and co-deputy fund manager of the M&G Global Target Return Fund from launch in December 2016. In February 2015, he was appointed Head of Portfolio Management for the Multi Asset team. Craig joined M&G in 2004 as a portfolio manager and has more than 15 years’ experience in the investment industry. Prior to joining M&G, Craig was a trainee fund manager at Equitable Life Assurance and an analyst at Pictet Asset Management. He graduated from the University of Aberdeen with a degree in land economics.
Aaron is a deputy fund manager at M&G. Aaron joined M&G in 2013 as a graduate and is a member of the Multi Asset team, with over 10 years’ experience in the investment industry. In December 2018, he was appointed as a portfolio manager for the income and sustainable strategies and in 2022 was appointed portfolio manager for the Episode Macro strategies. In 2023, he was appointed deputy fund manager for the suite of M&G South Africa multi-asset funds.
He graduated from the University of Leeds with a degree in Chinese and Economics.
Fund Overview
| Mid (20/12/2024) | 113.67p |
| Historic yield | 4.36% |
| Fund size (31/05/2024) | £41.57m |
| Number of holdings | 1185 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.43% |
| Launch date | 13/12/2016 |
Asset Allocation
| UK Corporate Bonds | 58.28% | |
| International Bonds | 23.81% | |
| Cash and Equivalents | 5.85% | |
| UK Gilts | 5.32% | |
| International Equities | 4.98% | |
| Investment Trusts | 1.38% | |
| Money Market | 0.09% | |
| Alternative Trading Strategies | -1.21% | |
| Other Assets | 1.50% |
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 Corporate Bonds | 58.28% | |
| International Bonds | 23.81% | |
| Cash and Equivalents | 5.85% | |
| UK Gilts | 5.32% | |
| International Equities | 4.98% | |
| Investment Trusts | 1.38% | |
| Money Market | 0.09% | |
| Alternative Trading Strategies | -1.21% | |
| Other Assets | 1.50% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 87.41% | - | - | - | |
| Cash and Equivalents | 5.93% | - | - | - | |
| Financials | 2.41% | - | - | - | |
| Financial Services | - | 1.38% | - | - | |
| Equity Investment Instruments | - | - | 1.38% | - | |
| Equity Investment Instruments | - | - | - | 1.38% | |
| Banks | - | 1.03% | - | - | |
| Banks | - | - | 1.03% | - | |
| Banks | - | - | - | 1.03% | |
| Non-Classified | 1.50% | - | - | - | |
| Non-Classified | - | 1.04% | - | - | |
| Non-Classified | - | - | 1.04% | - | |
| Non-Classified | - | - | - | 1.04% | |
| Utilities | 1.37% | - | - | - | |
| Utilities | - | 1.37% | - | - | |
| Electricity | - | - | 1.37% | - | |
| Alternative Electricity | - | - | - | 1.37% | |
| Industrials | 1.34% | - | - | - | |
| Industrial Goods & Services | - | 0.70% | - | - | |
| Industrial Transportation | - | - | 0.70% | - | |
| Marine Transportation | - | - | - | 0.48% | |
| Transportation Services | - | - | - | 0.22% | |
| Construction & Materials | - | 0.64% | - | - | |
| Construction & Materials | - | - | 0.64% | - | |
| Engineering & Contracting Services | - | - | - | 0.64% | |
| Telecommunications | 0.85% | - | - | - | |
| Telecommunications | - | 0.85% | - | - | |
| Telecommunications Equipment | - | - | 0.46% | - | |
| Telecommunications Equipment | - | - | - | 0.46% | |
| Telecommunications Service Providers | - | - | 0.40% | - | |
| Telecommunications Services | - | - | - | 0.40% | |
| Real Estate | 0.40% | - | - | - | |
| Real Estate | - | 0.40% | - | - | |
| Real Estate Investment & Services | - | - | 0.40% | - | |
| Real Estate Holding and Development | - | - | - | 0.40% | |
| Consumer Staples | 0.00% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 0.00% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.00% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.00% | |
| Alternative Trading Strategies | -1.21% | - | - | - | |
| Alternative Trading Strategies | - | -1.21% | - | - | |
| Alternative Trading Strategies | - | - | -1.21% | - | |
| Alternative Trading Strategies | - | - | - | -1.21% | |
Regional Allocation
| UK | 63.60% | |
| North America | 11.67% | |
| Cash and Equivalents | 5.93% | |
| Non-Classified | 6.72% | |
| Developed Europe - Excl UK | 2.90% | |
| South & Central America | 2.77% | |
| Middle East & Africa | 2.69% | |
| Developed Asia | 2.09% | |
| Emerging Asia | 1.54% | |
| Other Regions | 0.09% |
Fixed Interest Currencies
| Pound Sterling | 68.61% | |
| US Dollar | 6.79% | |
| Non-Fixed Interest Assets | 6.75% | |
| Cash | 5.83% | |
| Mexican Peso | 4.88% | |
| Rand | 2.69% | |
| Other Currencies | 4.44% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 63.60% | - | |
United Kingdom
|
- | 63.60% | |
| North America | 11.67% | - | |
United States
|
- | 6.80% | |
Canada
|
- | 4.86% | |
| Cash and Equivalents | 5.93% | - | |
| Non-Classified | 6.72% | - | |
| Developed Europe - Excl UK | 2.90% | - | |
Ireland
|
- | 1.46% | |
France
|
- | 0.32% | |
Germany
|
- | 0.32% | |
Netherlands
|
- | 0.18% | |
Italy
|
- | 0.13% | |
Luxembourg
|
- | 0.12% | |
Spain
|
- | 0.08% | |
Sweden
|
- | 0.08% | |
Belgium
|
- | 0.06% | |
Austria
|
- | 0.04% | |
Switzerland
|
- | 0.04% | |
Portugal
|
- | 0.03% | |
Iceland
|
- | 0.02% | |
Norway
|
- | 0.02% | |
Denmark
|
- | 0.01% | |
Finland
|
- | 0.01% | |
| South & Central America | 2.77% | - | |
Brazil
|
- | 1.79% | |
Mexico
|
- | 0.97% | |
Cayman Islands
|
- | 0.00% | |
Colombia
|
- | 0.00% | |
| Middle East & Africa | 2.69% | - | |
South Africa
|
- | 2.69% | |
| Developed Asia | 2.09% | - | |
Hong Kong
|
- | 1.69% | |
Singapore
|
- | 0.40% | |
| Emerging Asia | 1.54% | - | |
China
|
- | 1.10% | |
Thailand
|
- | 0.43% | |
Philippines
|
- | 0.01% | |
| Australia & New Zealand | 0.06% | - | |
Australia
|
- | 0.06% | |
| Emerging Europe | 0.03% | - | |
Greece
|
- | 0.03% | |
Poland
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
0.40% |
| Large |
|
1.05% |
| Medium |
|
3.12% |
| Small |
|
1.37% |
| Non-Classified |
|
0.72% |
| Bonds |
|
87.41% |
| Cash |
|
5.93% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
66.08% |
| 5Yr - 10Yr Maturity |
|
10.78% |
| 10Yr - 15Yr Maturity |
|
2.77% |
| > 15Yr Maturity |
|
7.79% |
| Cash And Equivalents |
|
5.93% |
| Unknown Maturity |
|
0.46% |
| Other Asset Types |
|
6.19% |
Fixed Interest Quality Profile
| AAA |
|
15.75% |
| AA |
|
5.52% |
| A |
|
0.52% |
| BBB |
|
1.88% |
| Sub-Investment Grade |
|
2.91% |
| Unknown Quality |
|
60.81% |
| Cash and Equivalents |
|
5.93% |
| Other Asset Types |
|
6.65% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | cash | 9.32% | Bonds | United Kingdom |
| 2 | cash | 9.01% | Bonds | United Kingdom |
| 3 | cash | 8.57% | Bonds | United Kingdom |
| 4 | cash | 8.27% | Bonds | United Kingdom |
| 5 | cash | 7.24% | Bonds | United Kingdom |
| 6 | cash | 5.16% | Bonds | United Kingdom |
| 7 | 3¾% Treasury Gilt 2053 | 5.07% | Bonds | United Kingdom |
| 8 | MEXICO (UNITED MEXICAN STATES) (GO 7.5% 26/05/2033 | 4.88% | Bonds | Non-Classified |
| 9 | TREASURY (CPI) NOTE 1.375% 15/07/2033 | 4.02% | Bonds | United States |
| 10 | cash | 3.01% | 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 | BK7XXM4 |
| Mex Code | - |
| Isin Code | GB00BK7XXM49 |
| Citi Code | QGNK |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.43% |
Aims and Benchmark
| Aims | The Fund aims to achieve a total return (the combination of income and capital growth) of at least 2-4%, per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, in any market conditions and over any three year period. The Fund aims to achieve this while seeking to minimise the degree to which the value of the Fund fluctuates over time (volatility), while also seeking to limit monthly losses. Managing the Fund in this way reduces its ability to achieve returns significantly above SONIA plus 2-4%. There is no guarantee that the Fund will achieve a positive return over three years, or any other, period, and investors may not get back the original amount they invested. |
| Benchmark | SONIA + 2-4% |
| Benchmark Category | Target |
| IA Sector | Absolute Return |
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 | 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 | 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.