M&G Global Macro Bond Class PP GBP Inc

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

Performance

Discrete performance - to last month end

31/05/20
to
31/05/21
31/05/21
to
31/05/22
31/05/22
to
31/05/23
31/05/23
to
31/05/24
31/05/24
to
31/05/25
Fund -9.0% -0.5% -2.3% -4.3% 1.1%
Sector -0.7% -5.2% -1.7% 3.5% 3.9%
Rank 75/76 5/88 51/91 90/92 84/95
Quartile 4 1 3 4 4

Annualised performance

Annualised
3 Years to
31/05/25
5 Years to
31/05/25
10 Years to
31/05/25
Fund -1.9% -3.1% n/a
Sector 1.9% -0.1% 2.2%
Rank 83/91 69/76 n/a
Quartile 4 4 n/a

Top 10 Holdings

Stock % Weight
GERMANY (FEDERAL REPUBLIC OF) 2.5% 11/10/2029 10.72
GERMANY (GOVERNMENT OF) 0.1% 15/04/2026 10.13
⅛% Index-linked Treasury Gilt 2046 8.57
JAPAN (GOVERNMENT OF) 30YR #33 2% 20/09/2040 6.54
MEXICO (UNITED MEXICAN STATES) (GO 5.75% 05/03/2026 6.42
INDONESIA TREASURY BOND 6.5% 15/07/2030 6.36
SOUTH AFRICA (REPUBLIC OF) 9% 31/01/2040 4.78
ROMANIAN MINISTRY OF FINANCE 5.875% 11/07/2032 3.46
MALAYSIA (GOVERNMENT) 4.254% 31/05/2035 3.31
INDONESIA (REPUBLIC OF) 8.375% 15/03/2034 3.18
Total 63.47

Fund 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 Mixed Bond Sector over any five-year period.

Fund Manager

Robert Burrows manager for 1 years and 4 months

Photo of Robert Burrows Robert Burrows joined M&G Investments in 2007 and works as a fund manager, specialising in government bond and macro fixed income mandates. Prior to M&G, Robert worked in fund accounting for Cambridge Place Investment Management, a hedge fund boutique. Robert graduated from the University of Pietermaritzburg in South Africa with an honours degree in Finance and Economics. Robert is a CFA charterholder.

Eva Sun-Wai manager for 1 years and 4 months

Photo of Eva Sun-Wai 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 (13/06/2025) 76.39p
Distribution yield 4.05%
Underlying yield 3.52%
Fund size (30/04/2025) £407.76m
Number of holdings 601
Entry Charge 0.00%
Ongoing Charges 0.55%
Launch date 15/10/1999

Asset Allocation

pie chart
  International Bonds 88.77%
  UK Gilts 9.11%
  Cash and Equivalents 2.21%
  UK Corporate Bonds 1.81%
  Alternative Trading Strategies -6.14%
  Other Assets 4.24%
Portfolio data accurate as at: 30/04/25

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 88.77%
  UK Gilts 9.11%
  Cash and Equivalents 2.21%
  UK Corporate Bonds 1.81%
  Alternative Trading Strategies -6.14%
  Other Assets 4.24%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 99.69% - - -
 
Non-Classified 4.24% - - -
 
Cash and Equivalents 2.21% - - -
 
Alternative Trading Strategies -6.14% - - -
 
Alternative Trading Strategies - -6.14% - -
 
Alternative Trading Strategies - - -6.14% -
 
Alternative Trading Strategies - - - -6.14%

Regional Allocation

pie chart
  Developed Europe - Excl UK 29.90%
  North America 14.35%
  Emerging Asia 13.45%
  UK 10.92%
  South & Central America 10.55%
  Japan 7.95%
  Emerging Europe 5.83%
  Middle East & Africa 4.78%
  Cash and Equivalents 2.21%
  Other Regions 0.05%

Fixed Interest Currencies

pie chart
  Euro 38.72%
  Pound Sterling 14.28%
  Rupiah 9.55%
  Yen 7.95%
  US Dollar 7.49%
  Mexican Peso 6.57%
  Other Currencies 15.44%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 29.90% -
 
Germany - 22.09%
 
Italy - 3.38%
 
France - 2.49%
 
Netherlands - 0.65%
 
Norway - 0.53%
 
Luxembourg - 0.34%
 
Ireland - 0.22%
 
Spain - 0.20%
 
North America 14.35% -
 
United States - 13.83%
 
Canada - 0.52%
 
Emerging Asia 13.45% -
 
Indonesia - 9.55%
 
Malaysia - 3.31%
 
Philippines - 0.59%
 
UK 10.92% -
 
United Kingdom - 10.92%
 
South & Central America 10.55% -
 
Mexico - 7.50%
 
Colombia - 2.31%
 
Brazil - 0.52%
 
Uruguay - 0.21%
 
Argentina - 0.00%
 
Japan 7.95% -
 
Japan - 7.95%
 
Emerging Europe 5.83% -
 
Romania - 3.46%
 
Bulgaria - 1.55%
 
Ukraine - 0.68%
 
Lithuania - 0.15%
 
Middle East & Africa 4.78% -
 
South Africa - 4.78%
 
Cash and Equivalents 2.21% -
 
Australia & New Zealand 1.14% -
 
Australia - 0.96%
 
New Zealand - 0.18%
 
Non-Classified -1.09% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
39.73%
5Yr - 10Yr Maturity
 
 
21.37%
10Yr - 15Yr Maturity
 
 
14.26%
> 15Yr Maturity
 
 
24.32%
Cash And Equivalents
 
 
2.21%
Unknown Maturity
 
 
4.24%
Other Asset Types
 
-6.14%

Fixed Interest Quality Profile

AAA
 
 
33.67%
AA
 
 
10.17%
A
 
 
15.10%
BBB
 
 
17.94%
Sub-Investment Grade
 
 
4.78%
Unknown Quality
 
 
18.02%
Cash and Equivalents
 
 
2.21%
Other Asset Types
 
-1.90%

Top 10 Holdings

Stock % Weight Sector Country
1 GERMANY (FEDERAL REPUBLIC OF) 2.5% 11/10/2029 10.72% Bonds Germany
2 GERMANY (GOVERNMENT OF) 0.1% 15/04/2026 10.13% Bonds Germany
3 ⅛% Index-linked Treasury Gilt 2046 8.57% Bonds United Kingdom
4 JAPAN (GOVERNMENT OF) 30YR #33 2% 20/09/2040 6.54% Bonds Japan
5 MEXICO (UNITED MEXICAN STATES) (GO 5.75% 05/03/2026 6.42% Bonds Mexico
6 INDONESIA TREASURY BOND 6.5% 15/07/2030 6.36% Bonds Indonesia
7 SOUTH AFRICA (REPUBLIC OF) 9% 31/01/2040 4.78% Bonds South Africa
8 ROMANIAN MINISTRY OF FINANCE 5.875% 11/07/2032 3.46% Bonds Romania
9 MALAYSIA (GOVERNMENT) 4.254% 31/05/2035 3.31% Bonds Malaysia
10 INDONESIA (REPUBLIC OF) 8.375% 15/03/2034 3.18% 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 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 BK7XXL3
Mex Code -
Isin Code GB00BK7XXL32
Citi Code QGNJ

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.55%

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 Mixed Bond Sector over any five-year period.
Benchmark Bloomberg Global Aggregate 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 Quarterly
Distribution Type Interest
Distribution Payment Basis Net

Ratings

FE Crown Crown Rating of 2

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 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.

Risk Analysis

Ratio Value
Alpha -2.72
Beta 0.82
Sharpe 0.00
Standard Deviation 5.63
Info Ratio -0.70

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds No
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure Yes
Offshore No
Income Eroding Capital Growth Yes
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers Yes
Ethical Restrictions No
Liquidity Yes
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Exchange Rate

This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Derivative Exposure

The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.

Income Eroding Capital Growth

The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.

Solvency of Bond Issuers

If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.

Liquidity

This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.

Returns Are Not Guaranteed

What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation

Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief

Levels of taxation and tax relief are subject to change.

Important Information

The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.

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.