M&G Global Strategic Value Class I 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 | -18.2% | 45.1% | 9.2% | 3.6% | 19.4% |
| Sector | -6.0% | 40.6% | 8.4% | -2.6% | 16.7% |
| Rank | 359/396 | 192/437 | 211/475 | 39/515 | 244/547 |
| Quartile | 4 | 2 | 2 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 10.6% | 9.9% | 9.1% | |
| Sector | 7.2% | 10.2% | 10.1% | |
| Rank | 91/475 | 221/396 | 147/232 | |
| Quartile | 1 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SAMSUNG ELECTRONICS CO. LTD | 2.17 |
| TOTAL SE | 2.13 |
| BP | 1.98 |
| TESCO | 1.92 |
| MEDTRONIC | 1.88 |
| BRISTOL-MYERS SQUIBB CO | 1.84 |
| WELLS FARGO & COMPANY | 1.81 |
| THE KROGER CO. | 1.80 |
| QUALCOMM INCORPORATED | 1.79 |
| COMCAST CORP(NEW) | 1.74 |
| Total | 19.07 |
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 that of the MSCI ACWI Index over any five-year period.
Fund Manager
Richard Halle joined M&G in 1999 as an investment analyst specialising in the insurance sector. Since 2002, he has been a member of the European equities team and in 2008 he was appointed fund manager of the M&G European Strategic Value Fund. He also manages various institutional value-based European equities mandates and, since 2002, an internal dividend-based mandate. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.
Daniel White became co-fund manager of the M&G European Strategic Value Fund in April 2011. He had worked with Richard Halle since the inception of the fund as a dedicated analyst and was appointed deputy fund manager in 2009 after contributing materially to successful investment ideas for the fund. Daniel joined M&G as an analyst in 2005 for the European equities team. He previously worked at Deloitte & Touche as an accountant having qualified as a chartered accountant in 2005. He graduated from the University of Southampton with a BSc in oceanography in 2001.
Daniel White joined M&G in 2005 as a sector analyst and has worked closely with Richard Halle on the M&G European Strategic Value Fund since its launch in February 2008. He is deputy fund manager on the fund. In September 2013, Daniel was appointed fund manager of the M&G North American Value Fund. He previously worked at Deloitte & Touche as an accountant. He graduated from the University of Southampton with a BSc in oceanography in 2001. In 2005, he qualified as a chartered accountant and is also a chartered financial analyst (CFA) charterholder.
Shane Kelly was appointed co-fund manager of the M&G (Lux) Global Recovery Fund in July 2019. He joined M&G in December 2017, having previously worked at Alphinity Investment Management (Sydney, Australia) as a research analyst responsible for coverage of the construction materials and healthcare sectors, as well as all quantitative research. Prior to joining Alphinity, Shane worked for Alliance Bernstein (Sydney, Australia) between 2007 and 2010 as risk manager and quantitative analyst. Shane previously worked at M&G between 1999-2007, when he was a member of the portfolio construction and risk team, and prior to that head of the equities performance team. He has a Bachelor of Commerce and Administration from Victoria University of Wellington and a Masters of Applied Finance and Investment from the Securities Institute of Australia.
Fund Overview
| Mid (26/04/2024) | 230.64p |
| Historic yield | 2.56% |
| Fund size (31/03/2024) | £377.06m |
| Number of holdings | 233 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 17/02/2012 |
Asset Allocation
| International Equities | 80.47% | |
| UK Equities | 14.14% | |
| Property | 1.63% | |
| Cash and Equivalents | 1.45% | |
| International Bonds | 0.16% | |
| UK Corporate Bonds | 0.02% | |
| Other Assets | 2.13% |
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.
Asset Allocation
| International Equities | 80.47% | |
| UK Equities | 14.14% | |
| Property | 1.63% | |
| Cash and Equivalents | 1.45% | |
| International Bonds | 0.16% | |
| UK Corporate Bonds | 0.02% | |
| Other Assets | 2.13% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 15.57% | - | - | - | |
| Banks | - | 8.96% | - | - | |
| Banks | - | - | 8.96% | - | |
| Banks | - | - | - | 8.96% | |
| Insurance | - | 4.02% | - | - | |
| Non-life Insurance | - | - | 4.02% | - | |
| Full Line Insurance | - | - | - | 1.72% | |
| Reinsurance | - | - | - | 1.23% | |
| Property & Casualty Insurance | - | - | - | 1.07% | |
| Financial Services | - | 2.59% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.58% | - | |
| Asset Managers & Custodians | - | - | - | 1.46% | |
| Diversified Financial Services | - | - | - | 1.13% | |
| Finance & Credit Services | - | - | 0.01% | - | |
| Consumer Lending | - | - | - | 0.01% | |
| Technology | 15.47% | - | - | - | |
| Technology | - | 15.47% | - | - | |
| Software & Computer Services | - | - | 8.68% | - | |
| Software | - | - | - | 4.36% | |
| Consumer Digital Services | - | - | - | 3.63% | |
| Computer Services | - | - | - | 0.69% | |
| Technology Hardware & Equipment | - | - | 6.79% | - | |
| Semiconductors | - | - | - | 3.76% | |
| Computer Hardware | - | - | - | 2.04% | |
| Production Technology Equipment | - | - | - | 0.99% | |
| Health Care | 11.07% | - | - | - | |
| Health Care | - | 11.07% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.12% | - | |
| Pharmaceuticals | - | - | - | 7.12% | |
| Medical Equipment & Services | - | - | 2.41% | - | |
| Medical Equipment | - | - | - | 2.41% | |
| Health Care Providers | - | - | 1.54% | - | |
| Health Care Management Services | - | - | - | 1.54% | |
| Consumer Staples | 10.65% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 6.52% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 6.52% | - | |
| Food Retailers & Wholesalers | - | - | - | 6.52% | |
| Food, Beverage & Tobacco | - | 4.13% | - | - | |
| Beverages | - | - | 2.44% | - | |
| Soft Drinks | - | - | - | 1.36% | |
| Brewers | - | - | - | 1.07% | |
| Tobacco | - | - | 1.70% | - | |
| Tobacco | - | - | - | 1.70% | |
| Consumer Discretionary | 9.34% | - | - | - | |
| Retail | - | 2.99% | - | - | |
| Retailers | - | - | 2.99% | - | |
| Specialty Retailers | - | - | - | 1.77% | |
| Diversified Retailers | - | - | - | 1.22% | |
| Consumer Products & Services | - | 2.88% | - | - | |
| Personal Goods | - | - | 1.62% | - | |
| Clothing & Accessories | - | - | - | 1.62% | |
| Consumer Services | - | - | 1.26% | - | |
| Consumer Services: Misc. | - | - | - | 1.26% | |
| Automobiles & Parts | - | 2.43% | - | - | |
| Automobiles & Parts | - | - | 2.43% | - | |
| Automobiles | - | - | - | 1.31% | |
| Tires | - | - | - | 1.13% | |
| Travel & Leisure | - | 1.03% | - | - | |
| Travel & Leisure | - | - | 1.03% | - | |
| Airlines | - | - | - | 0.81% | |
| Hotels & Motels | - | - | - | 0.22% | |
| Telecommunications | 8.61% | - | - | - | |
| Telecommunications | - | 8.61% | - | - | |
| Telecommunications Equipment | - | - | 4.46% | - | |
| Telecommunications Equipment | - | - | - | 4.46% | |
| Telecommunications Service Providers | - | - | 4.15% | - | |
| Telecommunications Services | - | - | - | 2.41% | |
| Cable Television Services | - | - | - | 1.74% | |
| Industrials | 8.31% | - | - | - | |
| Industrial Goods & Services | - | 8.07% | - | - | |
| Industrial Support Services | - | - | 2.91% | - | |
| Transaction Processing Services | - | - | - | 1.10% | |
| Security Services | - | - | - | 1.03% | |
| Industrial Suppliers | - | - | - | 0.78% | |
| General Industrials | - | - | 2.86% | - | |
| Diversified Industrials | - | - | - | 2.86% | |
| Industrial Transportation | - | - | 0.99% | - | |
| Commercial Vehicles & Parts | - | - | - | 0.99% | |
| Aerospace & Defence | - | - | 0.76% | - | |
| Defense | - | - | - | 0.76% | |
| Industrial Engineering | - | - | 0.55% | - | |
| Machinery: Construction & Handling | - | - | - | 0.55% | |
| Construction & Materials | - | 0.24% | - | - | |
| Construction & Materials | - | - | 0.24% | - | |
| Building Materials: Other | - | - | - | 0.24% | |
| Energy | 6.43% | - | - | - | |
| Energy | - | 6.43% | - | - | |
| Non-Renewable Energy | - | - | 6.43% | - | |
| Integrated Oil & Gas | - | - | - | 4.11% | |
| Oil Equipment & Services | - | - | - | 1.40% | |
| Oil Refining and Marketing | - | - | - | 0.91% | |
| Basic Materials | 4.55% | - | - | - | |
| Basic Resources | - | 3.25% | - | - | |
| Industrial Metals & Mining | - | - | 1.77% | - | |
| General Mining | - | - | - | 0.95% | |
| Iron & Steel | - | - | - | 0.82% | |
| Industrial Materials | - | - | 1.32% | - | |
| Paper | - | - | - | 1.32% | |
| Precious Metals & Mining | - | - | 0.16% | - | |
| Gold Mining | - | - | - | 0.16% | |
| Chemicals | - | 1.30% | - | - | |
| Chemicals | - | - | 1.30% | - | |
| Chemicals & Synthetic Fibers | - | - | - | 0.80% | |
| Chemicals: Diversified | - | - | - | 0.51% | |
| Real Estate | 3.36% | - | - | - | |
| Real Estate | - | 3.36% | - | - | |
| Real Estate Investment Trusts | - | - | 3.36% | - | |
| Diversified REITs | - | - | - | 0.98% | |
| Office REITs | - | - | - | 0.93% | |
| Timber REITs | - | - | - | 0.79% | |
| Retail REITs | - | - | - | 0.65% | |
| Utilities | 2.89% | - | - | - | |
| Utilities | - | 2.89% | - | - | |
| Electricity | - | - | 2.01% | - | |
| Conventional Electricity | - | - | - | 2.01% | |
| Gas, Water & Multi-utilities | - | - | 0.88% | - | |
| Multi-Utilities | - | - | - | 0.88% | |
| Non-Classified | 2.13% | - | - | - | |
| Cash and Equivalents | 1.45% | - | - | - | |
| Bonds | 0.18% | - | - | - | |
Regional Allocation
| North America | 41.33% | |
| Developed Europe - Excl UK | 21.68% | |
| UK | 14.17% | |
| Japan | 9.15% | |
| Emerging Asia | 5.16% | |
| Non-Classified | 2.13% | |
| Property | 1.63% | |
| Cash and Equivalents | 1.45% | |
| Middle East & Africa | 1.44% | |
| Other Regions | 1.87% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.36% | |
| Cash | 1.45% | |
| Pound Sterling | 0.17% | |
| Euro | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 41.33% | - | |
United States
|
- | 41.14% | |
Canada
|
- | 0.19% | |
| Developed Europe - Excl UK | 21.68% | - | |
Ireland
|
- | 4.76% | |
France
|
- | 4.27% | |
Germany
|
- | 2.59% | |
Luxembourg
|
- | 2.23% | |
Sweden
|
- | 1.95% | |
Switzerland
|
- | 1.46% | |
Finland
|
- | 1.32% | |
Netherlands
|
- | 1.31% | |
Belgium
|
- | 1.17% | |
Spain
|
- | 0.63% | |
| UK | 14.17% | - | |
United Kingdom
|
- | 14.17% | |
| Japan | 9.15% | - | |
Japan
|
- | 9.15% | |
| Emerging Asia | 5.16% | - | |
South Korea
|
- | 5.16% | |
| Non-Classified | 2.13% | - | |
| Property | 1.63% | - | |
| Cash and Equivalents | 1.45% | - | |
| Middle East & Africa | 1.44% | - | |
Israel
|
- | 1.44% | |
| Australia & New Zealand | 0.95% | - | |
Australia
|
- | 0.71% | |
New Zealand
|
- | 0.24% | |
| Developed Asia | 0.92% | - | |
Hong Kong
|
- | 0.92% | |
Breakdown By Market Cap (%)
| Mega |
|
33.17% |
| Large |
|
26.57% |
| Medium |
|
8.29% |
| Small |
|
0.72% |
| Micro |
|
0.14% |
| Non-Classified |
|
29.48% |
| Bonds |
|
0.18% |
| Cash |
|
1.45% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SAMSUNG ELECTRONICS CO. LTD | 2.17% | Telecommunications Equipment | South Korea |
| 2 | TOTAL SE | 2.13% | Non-Renewable Energy | France |
| 3 | BP | 1.98% | Non-Renewable Energy | United Kingdom |
| 4 | TESCO | 1.92% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 5 | MEDTRONIC | 1.88% | Medical Equipment & Services | Ireland |
| 6 | BRISTOL-MYERS SQUIBB CO | 1.84% | Pharmaceuticals & Biotechnology | United States |
| 7 | WELLS FARGO & COMPANY | 1.81% | Banks | United States |
| 8 | THE KROGER CO. | 1.80% | Personal Care, Drug & Grocery Stores | United States |
| 9 | QUALCOMM INCORPORATED | 1.79% | Technology Hardware & Equipment | United States |
| 10 | COMCAST CORP(NEW) | 1.74% | Telecommunications Service Providers | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 15.47% | - | - | - | - | - | - | 15.47% |
| Telecommunications | - | 8.61% | - | - | - | - | - | - | 8.61% |
| Financials | 1.50% | 14.07% | - | - | - | - | - | - | 15.57% |
| Real Estate | - | 1.73% | - | - | - | 1.63% | - | - | 3.36% |
| Consumer Discretionary | 0.94% | 8.40% | - | - | - | - | - | - | 9.34% |
| Consumer Staples | 4.98% | 5.67% | - | - | - | - | - | - | 10.65% |
| Energy | 1.98% | 4.45% | - | - | - | - | - | - | 6.43% |
| Utilities | 1.48% | 1.41% | - | - | - | - | - | - | 2.89% |
| Health Care | 2.76% | 8.31% | - | - | - | - | - | - | 11.07% |
| Industrials | - | 8.31% | - | - | - | - | - | - | 8.31% |
| Basic Materials | 0.51% | 4.05% | - | - | - | - | - | - | 4.55% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.45% | 1.45% |
| Bonds | - | - | 0.02% | 0.16% | - | - | - | - | 0.18% |
| Non-Classified | - | - | - | - | - | - | 2.13% | - | 2.13% |
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 | B706FQ7 |
| Mex Code | - |
| Isin Code | GB00B706FQ75 |
| Citi Code | 0QRN |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
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 that of the MSCI ACWI Index over any five-year period. |
| Benchmark | MSCI ACWI Index |
| Benchmark Category | Target |
| IA Sector | Global |
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 | Biannually |
| 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 | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
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 | 6.31 |
| Beta | 0.62 |
| Sharpe | 0.76 |
| Standard Deviation | 9.23 |
| Info Ratio | 0.48 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
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.
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.
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.