The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA Global Government Bond sector over any five-year period.
Fund Manager
Eva Sun-Waimanager
for
3 years
and 7 months
Eva Sun-Wai became the lead manager on the Global Government Bond strategy and deputy manager on the Global Macro Bond strategy in January 2021. Since September 2019, Eva had been a junior macro fund manager in the Wholesale Fixed Income team, where her role involved implementing macroeconomic trade ideas in the Global Macro Bond and the Absolute Return Bond strategies. She joined M&G in 2018 on the Investment Graduate Scheme, rotating across several business areas including emerging market debt, corporate credit research, real estate and long-term investment strategy. Before joining M&G, she worked on passive products and ETF strategies as a summer intern at State Street Global Advisors. Eva has a BSc (Hons) Economics degree from the University of Birmingham, has obtained the IMC and Financial Services Level 6 qualifications and is a Level 2 candidate in the CFA Program.
Fund Overview
Mid (30/08/2024)
1205.00p
Distribution yield
3.83%
Underlying yield
3.83%
Fund size (31/05/2024)
£103.23m
Number of holdings
232
Entry Charge
0.00%
Ongoing Charges
0.50%
Launch date
04/10/1999
Asset Allocation
International Bonds
88.46%
Alternative Trading Strategies
17.05%
UK Gilts
8.13%
Cash and Equivalents
-14.85%
Other Assets
1.21%
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 Bonds
88.46%
Alternative Trading Strategies
17.05%
UK Gilts
8.13%
Cash and Equivalents
-14.85%
Other Assets
1.21%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
96.59%
-
-
-
Alternative Trading Strategies
17.05%
-
-
-
Alternative Trading Strategies
-
17.05%
-
-
Alternative Trading Strategies
-
-
17.05%
-
Alternative Trading Strategies
-
-
-
17.05%
Non-Classified
1.21%
-
-
-
Cash and Equivalents
-14.85%
-
-
-
Regional Allocation
North America
30.13%
Developed Europe - Excl UK
24.10%
Non-Classified
18.34%
South & Central America
12.30%
UK
8.13%
Australia & New Zealand
6.61%
Emerging Asia
6.35%
Emerging Europe
3.99%
Middle East & Africa
3.12%
Other Regions
-13.07%
Fixed Interest Currencies
US Dollar
31.95%
Euro
26.33%
Non-Fixed Interest Assets
18.26%
Pound Sterling
8.34%
New Zealand Dollar
4.86%
Canadian Dollar
2.50%
Other Currencies
7.77%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
30.13%
-
United States
-
27.63%
Canada
-
2.50%
Developed Europe - Excl UK
24.10%
-
Germany
-
13.45%
Italy
-
2.55%
Belgium
-
2.43%
Norway
-
2.14%
France
-
1.27%
Netherlands
-
0.95%
Austria
-
0.71%
Spain
-
0.59%
Non-Classified
18.34%
-
South & Central America
12.30%
-
Mexico
-
3.37%
Colombia
-
2.18%
Uruguay
-
1.86%
Brazil
-
1.54%
Peru
-
1.33%
Paraguay
-
1.00%
Chile
-
0.52%
Argentina
-
0.51%
UK
8.13%
-
United Kingdom
-
8.13%
Australia & New Zealand
6.61%
-
New Zealand
-
4.86%
Australia
-
1.76%
Emerging Asia
6.35%
-
Indonesia
-
2.19%
Viet Nam
-
2.13%
Philippines
-
0.81%
Malaysia
-
0.81%
Thailand
-
0.41%
Emerging Europe
3.99%
-
Romania
-
1.05%
Serbia
-
0.76%
Croatia
-
0.60%
Ukraine
-
0.55%
Bulgaria
-
0.54%
Hungary
-
0.50%
Middle East & Africa
3.12%
-
South Africa
-
1.30%
Morocco
-
0.89%
Qatar
-
0.59%
Nigeria
-
0.34%
Japan
1.78%
-
Japan
-
1.78%
Cash and Equivalents
-14.85%
-
Fixed Interest Maturity Profile
< 5Yr Maturity
40.20%
5Yr - 10Yr Maturity
23.29%
10Yr - 15Yr Maturity
8.58%
> 15Yr Maturity
24.53%
Cash And Equivalents
-14.85%
Unknown Maturity
1.21%
Other Asset Types
17.05%
Fixed Interest Quality Profile
AAA
46.38%
AA
8.72%
A
2.58%
BBB
12.35%
Sub-Investment Grade
3.82%
Unknown Quality
22.74%
Cash and Equivalents
-14.85%
Other Asset Types
18.26%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
TREASURY BOND 3.375% 15/08/2042
3.88%
Bonds
United States
2
3½% Treasury Gilt 2025
3.83%
Bonds
United Kingdom
3
TREASURY (CPI) NOTE 2.375% 15/01/2027
3.78%
Bonds
United States
4
TREASURY NOTE 4.125% 15/11/2032
3.70%
Bonds
United States
5
GERMANY (FEDERAL REPUBLIC OF) 2.5% 13/03/2025
3.33%
Bonds
Germany
6
GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025
3.32%
Bonds
Germany
7
TREASURY BOND 3% 15/11/2044
3.00%
Bonds
United States
8
TREASURY NOTE 0.875% 30/06/2026
2.63%
Bonds
United States
9
NEW ZEALAND (GOVERNMENT OF) 0.5% 15/05/2026
2.55%
Bonds
New Zealand
10
CANADA (GOVERNMENT OF) 3.75% 01/02/2025
2.50%
Bonds
Canada
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
B7Q0Q82
Mex Code
-
Isin Code
GB00B7Q0Q826
Citi Code
0ZEO
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.50%
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 the average return of the IA Global Government Bond sector over any five-year period.
Benchmark
Bloomberg Global Treasury Index Unhedged USD
Benchmark Category
Target
IA Sector
Global Bonds
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
Annually
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
Email
info@mandg.co.uk
Homepage
www.mandg.co.uk
Fax number
-
Dealing
Minimum Investment
-
Minimum Top Up
-
Minimum Regular Saving
-
Settlement Period: Buy
1 days
Settlement Period: Sell
1 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 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.