M&G Global Target Return 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

30/04/19
to
30/04/20		 30/04/20
to
30/04/21		 30/04/21
to
30/04/22		 30/04/22
to
30/04/23		 30/04/23
to
30/04/24
Fund n/a 6.9% 3.1% 6.8% 6.1%
Sector -1.6% 8.8% 1.8% 0.4% 6.1%
Rank 45/68 46/71 27/76 4/80 41/81
Quartile 3 3 2 1 2

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund 5.3% n/a n/a
Sector 2.7% 3.0% 2.3%
Rank 16/76 19/68 n/a
Quartile 1 2 n/a

Top 10 Holdings

Stock % Weight
UNITED KINGDOM OF GREAT BRITAIN AN 0% 15/04/2024 11.56
UNITED KINGDOM OF GREAT BRITAIN AN 0% 22/07/2024 9.32
UNITED KINGDOM OF GREAT BRITAIN AN 0% 03/06/2024 9.00
UNITED KINGDOM OF GREAT BRITAIN AN 0% 05/08/2024 8.08
UNITED KINGDOM OF GREAT BRITAIN AN 0% 13/05/2024 5.18
3¾% Treasury Gilt 2053 5.09
UNITED KINGDOM OF GREAT BRITAIN AN 0% 29/04/2024 4.09
UNITED KINGDOM OF GREAT BRITAIN AN 0% 24/06/2024 3.86
TREASURY (CPI) NOTE 1.375% 15/07/2033 3.60
UNITED KINGDOM OF GREAT BRITAIN AN 0% 08/07/2024 3.27
Total 63.07

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 manager for 7 years and 4 months

Photo of Tristan Hanson 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) 111.36p
Historic yield 2.61%
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

pie chart
  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

pie chart
  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

pie chart
  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

pie chart
  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 BK7XXM4
Mex Code -
Isin Code GB00BK7XXM49
Citi Code QGNK

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 Crown Rating of 5

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.