M&G Episode Allocation Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
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 | 22.4% | 3.9% | 1.4% | 10.2% |
| Sector | -7.2% | 19.8% | 2.7% | -4.8% | 7.7% |
| Rank | 136/147 | 53/154 | 63/165 | 5/174 | 29/180 |
| Quartile | 4 | 2 | 2 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 5.1% | n/a | n/a | |
| Sector | 1.7% | 3.2% | 3.8% | |
| Rank | 6/165 | 41/147 | n/a | |
| Quartile | 1 | 2 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 3¾% Treasury Gilt 2053 | 7.87 |
| iShares iShares III plc Core MSCI World UCITS ETF USD (Acc) | 5.08 |
| UNITED KINGDOM OF GREAT BRITAIN AN 0% 07/05/2024 | 4.95 |
| M&G TOTAL RETURN CRED GBP C-H ACC | 4.70 |
| UNITED KINGDOM OF GREAT BRITAIN AN 0% 10/06/2024 | 4.00 |
| UNITED KINGDOM OF GREAT BRITAIN AN 0% 15/07/2024 | 3.29 |
| UNITED KINGDOM OF GREAT BRITAIN AN 0% 28/05/2024 | 2.85 |
| BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 | 2.15 |
| TREASURY (CPI) NOTE 0.125% 15/02/2052 | 2.13 |
| MEXICO (UNITED MEXICAN STATES) (GO 8% 07/11/2047 | 1.98 |
| Total | 39.01 |
Fund Aims
The Fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period. There is no guarantee that the Fund will achieve a positive return over five years, or any other, period, and investors may not get back the original amount they invested.
Fund Manager
Craig Moran joined M&G in 2005 as a performance and risk analyst. He was appointed deputy fund manager of the M&G Managed Fund and the M&G Global Dynamic Allocation Fund in January 2011. Previously, he was fund manager assistant to the multi asset team for three years, and in 2010 became an investment analyst in that team. Craig has a bachelor of business from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.
Stuart Canning has worked with the multi asset team for twelve years and a research analyst since 2015. In those twelve years Stuart has worked closely across the various funds managed the team, and particularly closely with Tony Finding on the M&G Episode Allocation Fund. As well as providing input to investment decision making, Stuart has worked extensively on the marketing material of the M&G Episode Allocation fund to launch the proposition in the institutional space (as a competitor to ‘Diversified growth’ strategies). Stuart also represents the investment team in direct client and prospect meetings for this and other funds. Stuart has also been responsible for driving the written marketing material for the team, having written extensively for the Cayman-based Episode fund for over a decade and leading the team’s blog. Stuart is a Chartered Financial Analyst and has a degree in English and History from the University of York.
Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the multi asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Cautious Multi Asset Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.
Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. In January 2011, Juan was appointed co-manager of the M&G Episode Balanced Fund and the M&G Dynamic Allocation Fund. In November 2013, he was also appointed deputy manager of the M&G Income Allocation Fund upon its launch. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.
Fund Overview
| Mid (26/04/2024) | 106.38p |
| Historic yield | 3.49% |
| Fund size (31/03/2024) | £228.81m |
| Number of holdings | 1678 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.61% |
| Launch date | 16/02/2007 |
Asset Allocation
| International Equities | 17.36% | |
| UK Corporate Bonds | 15.30% | |
| Alternative Trading Strategies | 12.32% | |
| International Bonds | 9.08% | |
| UK Gilts | 7.87% | |
| Commodities | 6.51% | |
| UK Equities | 3.38% | |
| Money Market | 3.31% | |
| Property | 0.13% | |
| Other Assets | 24.73% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 17.36% | |
| UK Corporate Bonds | 15.30% | |
| Alternative Trading Strategies | 12.32% | |
| International Bonds | 9.08% | |
| UK Gilts | 7.87% | |
| Commodities | 6.51% | |
| UK Equities | 3.38% | |
| Money Market | 3.31% | |
| Property | 0.13% | |
| Other Assets | 24.73% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 40.15% | - | - | - | |
| Non-Classified | - | 27.78% | - | - | |
| Non-Classified | - | - | 27.78% | - | |
| Non-Classified | - | - | - | 27.78% | |
| Bonds | 32.25% | - | - | - | |
| Alternative Trading Strategies | 12.32% | - | - | - | |
| Alternative Trading Strategies | - | 12.32% | - | - | |
| Alternative Trading Strategies | - | - | 12.32% | - | |
| Alternative Trading Strategies | - | - | - | 12.32% | |
| Commodities | 6.51% | - | - | - | |
| Commodities | - | 6.51% | - | - | |
| Commodities | - | - | 6.51% | - | |
| Commodities | - | - | - | 6.51% | |
| Financials | 3.56% | - | - | - | |
| Banks | - | 2.36% | - | - | |
| Banks | - | - | 2.36% | - | |
| Banks | - | - | - | 2.36% | |
| Insurance | - | 0.92% | - | - | |
| Non-life Insurance | - | - | 0.75% | - | |
| Full Line Insurance | - | - | - | 0.46% | |
| Reinsurance | - | - | - | 0.15% | |
| Property & Casualty Insurance | - | - | - | 0.14% | |
| Life Insurance | - | - | 0.17% | - | |
| Life Insurance | - | - | - | 0.17% | |
| Financial Services | - | 0.28% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.28% | - | |
| Investment Services | - | - | - | 0.11% | |
| Asset Managers & Custodians | - | - | - | 0.10% | |
| Diversified Financial Services | - | - | - | 0.07% | |
| Finance & Credit Services | - | - | 0.00% | - | |
| Consumer Lending | - | - | - | 0.00% | |
| Financial Data & Systems | - | - | - | 0.00% | |
| Nonequity Investment Instruments | - | - | 0.00% | - | |
| Nonequity Investment Instruments | - | - | - | 0.00% | |
| Industrials | 2.02% | - | - | - | |
| Industrial Goods & Services | - | 1.66% | - | - | |
| Aerospace & Defence | - | - | 0.71% | - | |
| Aerospace | - | - | - | 0.65% | |
| Defense | - | - | - | 0.06% | |
| General Industrials | - | - | 0.31% | - | |
| Diversified Industrials | - | - | - | 0.27% | |
| Containers & Packaging | - | - | - | 0.04% | |
| Glass | - | - | - | 0.00% | |
| Plastics | - | - | - | 0.00% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Industrial Transportation | - | - | 0.30% | - | |
| Delivery Services | - | - | - | 0.14% | |
| Transportation Services | - | - | - | 0.07% | |
| Commercial Vehicles & Parts | - | - | - | 0.05% | |
| Marine Transportation | - | - | - | 0.03% | |
| Trucking | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.00% | |
| Railroads | - | - | - | 0.00% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 0.15% | - | |
| Professional Business Support Services | - | - | - | 0.06% | |
| Business Training & Employment Agencies | - | - | - | 0.04% | |
| Industrial Suppliers | - | - | - | 0.02% | |
| Transaction Processing Services | - | - | - | 0.02% | |
| Security Services | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.12% | - | |
| Machinery: Agricultural | - | - | - | 0.07% | |
| Machinery: Industrial | - | - | - | 0.05% | |
| Machinery: Engines | - | - | - | 0.00% | |
| Machinery: Construction & Handling | - | - | - | 0.00% | |
| Machinery: Specialty | - | - | - | 0.00% | |
| Machinery: Tools | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 0.07% | - | |
| Electrical Components | - | - | - | 0.07% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.00% | |
| Electronic Equipment: Other | - | - | - | 0.00% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.00% | |
| Construction & Materials | - | 0.36% | - | - | |
| Construction & Materials | - | - | 0.36% | - | |
| Construction | - | - | - | 0.18% | |
| Engineering & Contracting Services | - | - | - | 0.12% | |
| Building Materials: Other | - | - | - | 0.03% | |
| Cement | - | - | - | 0.02% | |
| Building: Climate Control | - | - | - | 0.00% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.00% | |
| Consumer Discretionary | 1.98% | - | - | - | |
| Automobiles & Parts | - | 0.80% | - | - | |
| Automobiles & Parts | - | - | 0.80% | - | |
| Automobiles | - | - | - | 0.77% | |
| Auto Parts | - | - | - | 0.02% | |
| Tires | - | - | - | 0.01% | |
| Consumer Products & Services | - | 0.38% | - | - | |
| Personal Goods | - | - | 0.18% | - | |
| Clothing & Accessories | - | - | - | 0.11% | |
| Footwear | - | - | - | 0.06% | |
| Luxury Items | - | - | - | 0.00% | |
| Cosmetics | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.15% | - | |
| Vending & Catering Service | - | - | - | 0.11% | |
| Consumer Services: Misc. | - | - | - | 0.02% | |
| Education Services | - | - | - | 0.01% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Household Goods & Home Construction | - | - | 0.03% | - | |
| Household Equipment & Products | - | - | - | 0.03% | |
| Household Appliance | - | - | - | 0.01% | |
| Household Furnishings | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.03% | - | |
| Electronic Entertainment | - | - | - | 0.02% | |
| Consumer Electronics | - | - | - | 0.00% | |
| Recreational Vehicles & Boats | - | - | - | 0.00% | |
| Retail | - | 0.35% | - | - | |
| Retailers | - | - | 0.35% | - | |
| Apparel Retailers | - | - | - | 0.22% | |
| Diversified Retailers | - | - | - | 0.11% | |
| Specialty Retailers | - | - | - | 0.02% | |
| Travel & Leisure | - | 0.23% | - | - | |
| Travel & Leisure | - | - | 0.23% | - | |
| Casinos & Gambling | - | - | - | 0.07% | |
| Airlines | - | - | - | 0.07% | |
| Travel & Tourism | - | - | - | 0.05% | |
| Hotels & Motels | - | - | - | 0.03% | |
| Restaurants & Bars | - | - | - | 0.01% | |
| Recreational Services | - | - | - | 0.00% | |
| Media | - | 0.21% | - | - | |
| Media | - | - | 0.21% | - | |
| Media Agencies | - | - | - | 0.12% | |
| Radio & TV Broadcasters | - | - | - | 0.05% | |
| Publishing | - | - | - | 0.03% | |
| Entertainment | - | - | - | 0.01% | |
| Utilities | 1.30% | - | - | - | |
| Utilities | - | 1.30% | - | - | |
| Electricity | - | - | 0.93% | - | |
| Conventional Electricity | - | - | - | 0.91% | |
| Alternative Electricity | - | - | - | 0.02% | |
| Gas, Water & Multi-utilities | - | - | 0.36% | - | |
| Multi-Utilities | - | - | - | 0.29% | |
| Water | - | - | - | 0.05% | |
| Gas Distribution | - | - | - | 0.02% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Technology | 1.07% | - | - | - | |
| Technology | - | 1.07% | - | - | |
| Software & Computer Services | - | - | 0.80% | - | |
| Consumer Digital Services | - | - | - | 0.32% | |
| Software | - | - | - | 0.30% | |
| Computer Services | - | - | - | 0.18% | |
| Technology Hardware & Equipment | - | - | 0.27% | - | |
| Semiconductors | - | - | - | 0.24% | |
| Electronic Components | - | - | - | 0.02% | |
| Computer Hardware | - | - | - | 0.01% | |
| Production Technology Equipment | - | - | - | 0.00% | |
| Energy | 0.99% | - | - | - | |
| Energy | - | 0.99% | - | - | |
| Non-Renewable Energy | - | - | 0.96% | - | |
| Integrated Oil & Gas | - | - | - | 0.75% | |
| Pipelines | - | - | - | 0.09% | |
| Oil Equipment & Services | - | - | - | 0.06% | |
| Oil: Crude Producers | - | - | - | 0.04% | |
| Coal | - | - | - | 0.02% | |
| Oil Refining and Marketing | - | - | - | 0.01% | |
| Renewable Energy | - | - | 0.03% | - | |
| Renewable Energy Equipment | - | - | - | 0.02% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Health Care | 0.89% | - | - | - | |
| Health Care | - | 0.89% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.72% | - | |
| Pharmaceuticals | - | - | - | 0.59% | |
| Biotechnology | - | - | - | 0.12% | |
| Medical Equipment & Services | - | - | 0.15% | - | |
| Medical Equipment | - | - | - | 0.10% | |
| Medical Supplies | - | - | - | 0.04% | |
| Medical Services | - | - | - | 0.00% | |
| Health Care Providers | - | - | 0.03% | - | |
| Health Care Services | - | - | - | 0.02% | |
| Health Care Facilities | - | - | - | 0.00% | |
| Basic Materials | 0.55% | - | - | - | |
| Basic Resources | - | 0.33% | - | - | |
| Industrial Metals & Mining | - | - | 0.32% | - | |
| General Mining | - | - | - | 0.18% | |
| Iron & Steel | - | - | - | 0.07% | |
| Copper | - | - | - | 0.04% | |
| Nonferrous Metals | - | - | - | 0.03% | |
| Aluminum | - | - | - | 0.00% | |
| Metal Fabricating | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.01% | - | |
| Gold Mining | - | - | - | 0.01% | |
| Industrial Materials | - | - | 0.00% | - | |
| Diversified Materials | - | - | - | 0.00% | |
| Paper | - | - | - | 0.00% | |
| Chemicals | - | 0.22% | - | - | |
| Chemicals | - | - | 0.22% | - | |
| Chemicals: Diversified | - | - | - | 0.20% | |
| Specialty Chemicals | - | - | - | 0.02% | |
| Fertilizers | - | - | - | 0.00% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.00% | |
| Telecommunications | 0.55% | - | - | - | |
| Telecommunications | - | 0.55% | - | - | |
| Telecommunications Service Providers | - | - | 0.53% | - | |
| Telecommunications Services | - | - | - | 0.53% | |
| Telecommunications Equipment | - | - | 0.02% | - | |
| Telecommunications Equipment | - | - | - | 0.02% | |
| Consumer Staples | 0.47% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.29% | - | - | |
| Food Producers | - | - | 0.14% | - | |
| Food Products | - | - | - | 0.09% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Fruit & Grain Processing | - | - | - | 0.02% | |
| Tobacco | - | - | 0.09% | - | |
| Tobacco | - | - | - | 0.09% | |
| Beverages | - | - | 0.06% | - | |
| Distillers & Vintners | - | - | - | 0.05% | |
| Soft Drinks | - | - | - | 0.01% | |
| Brewers | - | - | - | 0.01% | |
| Personal Care, Drug & Grocery Stores | - | 0.19% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.19% | - | |
| Personal Products | - | - | - | 0.13% | |
| Food Retailers & Wholesalers | - | - | - | 0.05% | |
| Drug Retailers | - | - | - | 0.01% | |
| Nondurable Household Products | - | - | - | 0.00% | |
| Real Estate | 0.31% | - | - | - | |
| Real Estate | - | 0.31% | - | - | |
| Real Estate Investment Trusts | - | - | 0.20% | - | |
| Office REITs | - | - | - | 0.06% | |
| Diversified REITs | - | - | - | 0.04% | |
| Industrial REITs | - | - | - | 0.04% | |
| Retail REITs | - | - | - | 0.03% | |
| Other Specialty REITs | - | - | - | 0.02% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Health Care REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.10% | - | |
| Real Estate Holding and Development | - | - | - | 0.09% | |
| Real Estate Services | - | - | - | 0.01% | |
| Cash and Equivalents | -4.91% | - | - | - | |
Regional Allocation
| Non-Classified | 50.65% | |
| UK | 26.68% | |
| Developed Europe - Excl UK | 14.68% | |
| South & Central America | 4.17% | |
| Emerging Asia | 2.91% | |
| North America | 2.88% | |
| Middle East & Africa | 1.91% | |
| Developed Asia | 0.87% | |
| Property | 0.13% | |
| Other Regions | -4.88% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 76.98% | |
| Pound Sterling | 23.23% | |
| US Dollar | 2.74% | |
| Brazilian Real | 2.15% | |
| Mexican Peso | 1.98% | |
| Rand | 1.91% | |
| Other Currencies | -9.00% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 50.65% | - | |
| UK | 26.68% | - | |
United Kingdom
|
- | 26.55% | |
Jersey
|
- | 0.07% | |
Isle of Man
|
- | 0.06% | |
| Developed Europe - Excl UK | 14.68% | - | |
Luxembourg
|
- | 6.58% | |
Germany
|
- | 2.21% | |
Spain
|
- | 2.13% | |
Italy
|
- | 1.97% | |
Netherlands
|
- | 1.50% | |
Ireland
|
- | 0.16% | |
France
|
- | 0.09% | |
Sweden
|
- | 0.01% | |
Austria
|
- | 0.01% | |
Belgium
|
- | 0.01% | |
Finland
|
- | 0.01% | |
Switzerland
|
- | 0.00% | |
Norway
|
- | 0.00% | |
| South & Central America | 4.17% | - | |
Brazil
|
- | 2.15% | |
Mexico
|
- | 2.01% | |
Colombia
|
- | 0.01% | |
Chile
|
- | 0.00% | |
| Emerging Asia | 2.91% | - | |
Taiwan
|
- | 1.18% | |
Indonesia
|
- | 0.94% | |
China
|
- | 0.79% | |
Macau
|
- | 0.00% | |
| North America | 2.88% | - | |
United States
|
- | 2.83% | |
Canada
|
- | 0.05% | |
| Middle East & Africa | 1.91% | - | |
South Africa
|
- | 1.91% | |
Israel
|
- | 0.00% | |
| Developed Asia | 0.87% | - | |
Singapore
|
- | 0.79% | |
Hong Kong
|
- | 0.09% | |
| Property | 0.13% | - | |
| Australia & New Zealand | 0.03% | - | |
Australia
|
- | 0.03% | |
| Emerging Europe | 0.01% | - | |
Poland
|
- | 0.00% | |
Greece
|
- | 0.00% | |
| Cash and Equivalents | -4.91% | - | |
Breakdown By Market Cap (%)
| Mega |
|
7.64% |
| Large |
|
2.46% |
| Medium |
|
1.41% |
| Small |
|
0.42% |
| Micro |
|
0.11% |
| Non-Classified |
|
60.62% |
| Bonds |
|
32.25% |
| Cash |
|
-4.91% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
17.97% |
| 5Yr - 10Yr Maturity |
|
0.31% |
| 10Yr - 15Yr Maturity |
|
1.92% |
| > 15Yr Maturity |
|
12.05% |
| Cash And Equivalents |
|
-4.91% |
| Unknown Maturity |
|
12.36% |
| Other Asset Types |
|
60.30% |
Fixed Interest Quality Profile
| AAA |
|
2.13% |
| AA |
|
7.87% |
| BBB |
|
2.05% |
| Sub-Investment Grade |
|
2.48% |
| Unknown Quality |
|
17.71% |
| Cash and Equivalents |
|
-4.91% |
| Other Asset Types |
|
72.66% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 3¾% Treasury Gilt 2053 | 7.87% | Bonds | United Kingdom |
| 2 | iShares iShares III plc Core MSCI World UCITS ETF USD (Acc) | 5.08% | Non-Classified | Non-Classified |
| 3 | UNITED KINGDOM OF GREAT BRITAIN AN 0% 07/05/2024 | 4.95% | Bonds | United Kingdom |
| 4 | M&G TOTAL RETURN CRED GBP C-H ACC | 4.70% | Non-Classified | Non-Classified |
| 5 | UNITED KINGDOM OF GREAT BRITAIN AN 0% 10/06/2024 | 4.00% | Bonds | United Kingdom |
| 6 | UNITED KINGDOM OF GREAT BRITAIN AN 0% 15/07/2024 | 3.29% | Bonds | United Kingdom |
| 7 | UNITED KINGDOM OF GREAT BRITAIN AN 0% 28/05/2024 | 2.85% | Bonds | United Kingdom |
| 8 | BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 | 2.15% | Bonds | Brazil |
| 9 | TREASURY (CPI) NOTE 0.125% 15/02/2052 | 2.13% | Bonds | United States |
| 10 | MEXICO (UNITED MEXICAN STATES) (GO 8% 07/11/2047 | 1.98% | Bonds | Mexico |
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 | BK7XX80 |
| Mex Code | - |
| Isin Code | GB00BK7XX801 |
| Citi Code | QGN9 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.61% |
Aims and Benchmark
| Aims | The Fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period. There is no guarantee that the Fund will achieve a positive return over five years, or any other, period, and investors may not get back the original amount they invested. |
| Benchmark | SONIA + 5% |
| Benchmark Category | Target |
| IA Sector | Mixed Investment 20-60% Shares |
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 | Quarterly |
| 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 |
| 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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 3.10 |
| Beta | 1.03 |
| Sharpe | 0.21 |
| Standard Deviation | 7.76 |
| Info Ratio | 0.95 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | Yes |
| 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 | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| 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).
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
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.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
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.
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.