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 Hansonmanager
for
7 years
and 4 months
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.
Fund Overview
Mid (01/05/2024)
122.65p
Historic yield
2.18%
Fund size (31/03/2024)
£52.78m
Number of holdings
1199
Entry Charge
0.00%
Ongoing Charges
0.42%
Launch date
13/12/2016
Asset Allocation
UK Corporate Bonds
60.09%
International Bonds
21.13%
International Equities
5.64%
UK Gilts
5.38%
Alternative Trading Strategies
4.75%
Cash and Equivalents
4.61%
Investment Trusts
1.50%
Money Market
0.08%
Other Assets
-3.19%
Portfolio data accurate as at: 31/03/24
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
UK Corporate Bonds
60.09%
International Bonds
21.13%
International Equities
5.64%
UK Gilts
5.38%
Alternative Trading Strategies
4.75%
Cash and Equivalents
4.61%
Investment Trusts
1.50%
Money Market
0.08%
Other Assets
-3.19%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
86.61%
-
-
-
Alternative Trading Strategies
4.75%
-
-
-
Alternative Trading Strategies
-
4.75%
-
-
Alternative Trading Strategies
-
-
4.75%
-
Alternative Trading Strategies
-
-
-
4.75%
Cash and Equivalents
4.69%
-
-
-
Financials
2.55%
-
-
-
Financial Services
-
1.50%
-
-
Equity Investment Instruments
-
-
1.50%
-
Equity Investment Instruments
-
-
-
1.50%
Banks
-
1.05%
-
-
Banks
-
-
1.05%
-
Banks
-
-
-
1.05%
Utilities
1.48%
-
-
-
Utilities
-
1.48%
-
-
Electricity
-
-
1.48%
-
Alternative Electricity
-
-
-
1.48%
Industrials
1.23%
-
-
-
Industrial Goods & Services
-
0.63%
-
-
Industrial Transportation
-
-
0.63%
-
Marine Transportation
-
-
-
0.43%
Transportation Services
-
-
-
0.19%
Construction & Materials
-
0.61%
-
-
Construction & Materials
-
-
0.61%
-
Engineering & Contracting Services
-
-
-
0.61%
Telecommunications
0.95%
-
-
-
Telecommunications
-
0.95%
-
-
Telecommunications Equipment
-
-
0.49%
-
Telecommunications Equipment
-
-
-
0.49%
Telecommunications Service Providers
-
-
0.45%
-
Telecommunications Services
-
-
-
0.45%
Energy
0.50%
-
-
-
Energy
-
0.50%
-
-
Non-Renewable Energy
-
-
0.50%
-
Pipelines
-
-
-
0.50%
Real Estate
0.44%
-
-
-
Real Estate
-
0.44%
-
-
Real Estate Investment & Services
-
-
0.44%
-
Real Estate Holding and Development
-
-
-
0.44%
Consumer Staples
0.00%
-
-
-
Personal Care, Drug & Grocery Stores
-
0.00%
-
-
Personal Care, Drug & Grocery Stores
-
-
0.00%
-
Food Retailers & Wholesalers
-
-
-
0.00%
Non-Classified
-3.19%
-
-
-
Non-Classified
-
1.14%
-
-
Non-Classified
-
-
1.14%
-
Non-Classified
-
-
-
1.14%
Regional Allocation
UK
65.47%
North America
11.66%
Cash and Equivalents
4.69%
Non-Classified
5.03%
Developed Europe - Excl UK
3.14%
Middle East & Africa
2.89%
South & Central America
2.85%
Emerging Asia
2.09%
Developed Asia
2.08%
Other Regions
0.09%
Fixed Interest Currencies
Pound Sterling
70.96%
Non-Fixed Interest Assets
8.80%
US Dollar
6.34%
Cash
4.60%
Rand
2.89%
Euro
2.83%
Other Currencies
3.58%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
65.47%
-
United Kingdom
-
65.47%
North America
11.66%
-
United States
-
6.30%
Canada
-
5.37%
Cash and Equivalents
4.69%
-
Non-Classified
5.03%
-
Developed Europe - Excl UK
3.14%
-
Ireland
-
1.59%
Germany
-
0.35%
France
-
0.30%
Netherlands
-
0.21%
Italy
-
0.15%
Luxembourg
-
0.14%
Spain
-
0.09%
Sweden
-
0.08%
Belgium
-
0.06%
Austria
-
0.05%
Switzerland
-
0.04%
Iceland
-
0.03%
Portugal
-
0.02%
Norway
-
0.01%
Finland
-
0.01%
Denmark
-
0.01%
Middle East & Africa
2.89%
-
South Africa
-
2.89%
South & Central America
2.85%
-
Brazil
-
1.75%
Mexico
-
1.10%
Cayman Islands
-
0.00%
Colombia
-
0.00%
Emerging Asia
2.09%
-
China
-
1.60%
Thailand
-
0.49%
Philippines
-
0.00%
Developed Asia
2.08%
-
Hong Kong
-
1.63%
Singapore
-
0.45%
Australia & New Zealand
0.07%
-
Australia
-
0.07%
Emerging Europe
0.01%
-
Greece
-
0.01%
Poland
-
0.00%
Japan
0.01%
-
Japan
-
0.01%
Breakdown By Market Cap (%)
Mega
0.44%
Large
1.06%
Medium
3.18%
Small
1.97%
Non-Classified
2.05%
Bonds
86.61%
Cash
4.69%
Fixed Interest Maturity Profile
< 5Yr Maturity
68.38%
5Yr - 10Yr Maturity
7.44%
10Yr - 15Yr Maturity
2.96%
> 15Yr Maturity
7.84%
Cash And Equivalents
4.69%
Unknown Maturity
-4.33%
Other Asset Types
13.03%
Fixed Interest Quality Profile
AAA
16.11%
AA
5.58%
A
0.63%
BBB
2.13%
Sub-Investment Grade
3.20%
Unknown Quality
58.95%
Cash and Equivalents
4.69%
Other Asset Types
8.70%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
UNITED KINGDOM OF GREAT BRITAIN AN 0% 15/04/2024
11.56%
Bonds
United Kingdom
2
UNITED KINGDOM OF GREAT BRITAIN AN 0% 22/07/2024
9.32%
Bonds
United Kingdom
3
UNITED KINGDOM OF GREAT BRITAIN AN 0% 03/06/2024
9.00%
Bonds
United Kingdom
4
UNITED KINGDOM OF GREAT BRITAIN AN 0% 05/08/2024
8.08%
Bonds
United Kingdom
5
UNITED KINGDOM OF GREAT BRITAIN AN 0% 13/05/2024
5.18%
Bonds
United Kingdom
6
3¾% Treasury Gilt 2053
5.09%
Bonds
United Kingdom
7
UNITED KINGDOM OF GREAT BRITAIN AN 0% 29/04/2024
4.09%
Bonds
United Kingdom
8
UNITED KINGDOM OF GREAT BRITAIN AN 0% 24/06/2024
3.86%
Bonds
United Kingdom
9
TREASURY (CPI) NOTE 1.375% 15/07/2033
3.60%
Bonds
United States
10
UNITED KINGDOM OF GREAT BRITAIN AN 0% 08/07/2024
3.27%
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 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
BG08748
Mex Code
-
Isin Code
GB00BG087484
Citi Code
Q4R5
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.42%
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
Email
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.