M&G Emerging Markets Bond Class PP GBP Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/03/19
to
31/03/20		 31/03/20
to
31/03/21		 31/03/21
to
31/03/22		 31/03/22
to
31/03/23		 31/03/23
to
31/03/24
Fund n/a 10.2% -3.1% 5.2% 10.2%
Sector -5.2% 10.2% -3.4% -0.2% 8.7%
Rank 5/17 16/18 2/19 1/19 8/20
Quartile 1 4 1 1 2

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund 3.9% n/a n/a
Sector 1.6% 1.8% 3.4%
Rank 2/19 2/17 n/a
Quartile 1 1 n/a

Top 10 Holdings

Stock % Weight
MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 2.93
BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 2.81
URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 1.55
SINGAPORE (REPUBLIC OF) 3% 01/09/2024 1.48
MALAYSIA (GOVERNMENT) 3.885% 15/08/2029 1.47
JAPAN (GOVERNMENT OF) 5YR #140 0.1% 20/06/2024 1.40
SOUTH AFRICA (REPUBLIC OF) 8.75% 28/02/2048 1.23
SOUTH AFRICA (REPUBLIC OF) 8.875% 28/02/2035 1.20
BRAZIL NOTAS DO TESOURO NACIONAL S 1% 01/01/2033 1.18
INDONESIA (REPUBLIC OF) 8.25% 15/05/2036 1.13
Total 16.38

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 manager for 10 years and 4 months

Photo of Claudia Calich 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 (19/04/2024) 78.79p
Distribution yield 7.11%
Underlying yield 6.52%
Fund size (31/03/2024) £1550.98m
Number of holdings 477
Entry Charge 0.00%
Ongoing Charges 0.59%
Launch date 15/10/1999

Asset Allocation

pie chart
  International Bonds 94.11%
  UK Corporate Bonds 3.05%
  Cash and Equivalents 0.62%
  Alternative Trading Strategies -0.03%
  Other Assets 2.25%
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

pie chart
  International Bonds 94.11%
  UK Corporate Bonds 3.05%
  Cash and Equivalents 0.62%
  Alternative Trading Strategies -0.03%
  Other Assets 2.25%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 97.16% - - -
 
 Non-Classified 2.25% - - -
 
 Cash and Equivalents 0.62% - - -
 
 Alternative Trading Strategies -0.03% - - -
 
 Alternative Trading Strategies - -0.03% - -
 
 Alternative Trading Strategies - - -0.03% -
 
 Alternative Trading Strategies - - - -0.03%

Regional Allocation

pie chart
  South & Central America 29.37%
  Middle East & Africa 17.37%
  Emerging Asia 17.02%
  Emerging Europe 13.43%
  North America 5.69%
  Non-Classified 5.22%
  Developed Europe - Excl UK 3.65%
  Developed Asia 3.05%
  UK 3.05%
  Other Regions 2.15%

Fixed Interest Currencies

pie chart
  US Dollar 50.51%
  Euro 7.36%
  Brazilian Real 3.99%
  Mexican Peso 3.77%
  Rupiah 3.46%
  Malaysian Ringgit 3.44%
  Other Currencies 27.47%

Regional Breakdown

Expand allCollapse all
Region Country
 
 South & Central America 29.37% -
 
 Mexico - 5.35%
 
 Brazil - 4.41%
 
 Colombia - 4.09%
 
 Peru - 2.44%
 
 Dominican Republic - 2.31%
 
 Uruguay - 2.16%
 
 Argentina - 1.78%
 
 Paraguay - 1.03%
 
 Jamaica - 1.00%
 
 Guatemala - 0.95%
 
 Barbados - 0.53%
 
 Honduras - 0.50%
 
 Trinidad and Tobago - 0.49%
 
 El Salvador - 0.44%
 
 Ecuador - 0.43%
 
 Suriname - 0.41%
 
 Venezuela - 0.26%
 
 Cayman Islands - 0.24%
 
 Costa Rica - 0.23%
 
 Panama - 0.12%
 
 Chile - 0.12%
 
 Bolivia - 0.06%
 
 Middle East & Africa 17.37% -
 
 South Africa - 3.06%
 
 Egypt - 1.13%
 
 Morocco - 1.09%
 
 Qatar - 1.08%
 
 Israel - 0.97%
 
 Cote D'Ivoire - 0.91%
 
 Oman - 0.88%
 
 United Arab Emirates - 0.87%
 
 Nigeria - 0.86%
 
 Kenya - 0.69%
 
 Benin - 0.67%
 
 Gabon - 0.67%
 
 Jordan - 0.64%
 
 Senegal - 0.55%
 
 Angola - 0.54%
 
 Cameroon - 0.52%
 
 Mozambique - 0.52%
 
 Rwanda - 0.50%
 
 Zambia - 0.39%
 
 Ghana - 0.34%
 
 Iraq - 0.30%
 
 Kuwait - 0.19%
 
 Emerging Asia 17.02% -
 
 Indonesia - 4.16%
 
 Malaysia - 3.44%
 
 Uzbekistan - 1.71%
 
 Viet Nam - 1.18%
 
 Philippines - 0.82%
 
 Azerbaijan - 0.79%
 
 Kazakhstan - 0.75%
 
 Tajikistan - 0.60%
 
 Georgia - 0.59%
 
 Thailand - 0.55%
 
 Mongolia - 0.54%
 
 Armenia - 0.47%
 
 Sri Lanka - 0.33%
 
 Papua New Guinea - 0.29%
 
 China - 0.27%
 
 India - 0.21%
 
 South Korea - 0.21%
 
 Pakistan - 0.12%
 
 Emerging Europe 13.43% -
 
 Romania - 3.01%
 
 Poland - 2.95%
 
 Hungary - 2.28%
 
 Turkey - 2.18%
 
 Serbia - 0.86%
 
 Ukraine - 0.67%
 
 Montenegro - 0.56%
 
 Bosnia and Herzegowina - 0.37%
 
 Albania - 0.30%
 
 Macedonia, The Former Yugoslav Republic Of - 0.16%
 
 Czech Republic - 0.09%
 
 North America 5.69% -
 
 United States - 5.62%
 
 Canada - 0.07%
 
 Non-Classified 5.22% -
 
 Developed Europe - Excl UK 3.65% -
 
 Luxembourg - 2.18%
 
 Netherlands - 0.62%
 
 Ireland - 0.38%
 
 Spain - 0.18%
 
 France - 0.15%
 
 Germany - 0.13%
 
 Sweden - 0.01%
 
 Developed Asia 3.05% -
 
 Singapore - 2.19%
 
 Hong Kong - 0.86%
 
 UK 3.05% -
 
 United Kingdom - 3.05%
 
 Japan 1.53% -
 
 Japan - 1.53%
 
 Cash and Equivalents 0.62% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
28.68%
5Yr - 10Yr Maturity
 
 
33.60%
10Yr - 15Yr Maturity
 
 
13.27%
> 15Yr Maturity
 
 
21.60%
Cash And Equivalents
 
 
0.62%
Unknown Maturity
 
 
2.25%
Other Asset Types
 
-0.03%

Fixed Interest Quality Profile

AAA
 
 
2.44%
AA
 
 
0.23%
A
 
 
4.23%
BBB
 
 
15.83%
Sub-Investment Grade
 
 
12.37%
Unknown Quality
 
 
62.05%
Cash and Equivalents
 
 
0.62%
Other Asset Types
 
 
2.21%

Top 10 Holdings

Stock % Weight Sector Country
1 MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 2.93% Bonds Mexico
2 BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 2.81% Bonds Brazil
3 URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 1.55% Bonds Uruguay
4 SINGAPORE (REPUBLIC OF) 3% 01/09/2024 1.48% Bonds Singapore
5 MALAYSIA (GOVERNMENT) 3.885% 15/08/2029 1.47% Bonds Malaysia
6 JAPAN (GOVERNMENT OF) 5YR #140 0.1% 20/06/2024 1.40% Bonds Japan
7 SOUTH AFRICA (REPUBLIC OF) 8.75% 28/02/2048 1.23% Bonds South Africa
8 SOUTH AFRICA (REPUBLIC OF) 8.875% 28/02/2035 1.20% Bonds South Africa
9 BRAZIL NOTAS DO TESOURO NACIONAL S 1% 01/01/2033 1.18% Bonds Brazil
10 INDONESIA (REPUBLIC OF) 8.25% 15/05/2036 1.13% Bonds Indonesia

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 0.59%

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 Crown Rating of 3

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.