M&G Episode Income Class PP GBP Acc

Essentials Portfolio Analysis Background Data Investment Risk 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 -6.9% 18.9% 7.4% -6.6% 7.0%
Sector -7.2% 19.8% 2.7% -4.8% 7.7%
Rank 67/147 97/154 12/165 136/174 121/180
Quartile 2 3 1 4 3

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund 2.4% 3.5% 4.7%
Sector 1.7% 3.2% 3.8%
Rank 58/165 64/147 24/103
Quartile 2 2 1

Top 10 Holdings

Stock % Weight
3¼% Treasury Gilt 2033 5.05
TREASURY NOTE 3.5% 15/02/2033 4.98
3¾% Treasury Gilt 2053 4.42
TREASURY BILL 0% 13/06/2024 4.38
TREASURY BOND 3% 15/08/2052 4.35
GERMANY (FEDERAL REPUBLIC OF) 2.3% 15/02/2033 2.99
½% Treasury Gilt 2061 1.68
MEXICO (UNITED MEXICAN STATES) 1% 05/12/2024 1.67
COLOMBIA REPUBLIC OF (GOVERNMENT) 6% 28/04/2028 1.67
BRAZIL FEDERATIVE REPUBLIC OF 1% 01/01/2025 1.64
Total 32.83

Fund Aims

The Fund aims to provide:
• a growing level of income over any three‐ year period; and • capital growth of 2‐4% per annum, net of the Ongoing Charge Figure, over any three‐ year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall and investors may not recoup the original amount they invested

Fund Manager

Steven Andrew manager for 13 years and 5 months

Photo of Steven Andrew Steven Andrew joined M&G in 2005 as a member of the portfolio strategy & risk team, before moving to the Multi Asset team, where he helped to formulate asset allocation strategies for M&G's multi-asset fund range. In November 2010, Steven was appointed manager of the newly launched M&G Income Multi Asset Fund. Before joining M&G, Steven worked at F&C Asset Management, Merrill Lynch and the Bank of England. He graduated from the University of London in 1997 with a degree in financial economics.

Stefano Amato manager for 1 years and 4 months

Photo of Stefano Amato - Stefano Amato joins M&G from Santander Asset Management as Head of Multi Asset Solutions in November 2022. - Previously he worked in portfolio management roles at J.P. Morgan and Centurion Group, and held positions at Société Générale, Nomura and Lehman Brothers. - He holds a MSc in Finance from London Business School, along with a Masters in Behavioural Economics and a BA in Communication Sciences and Technologies from IULM University in Milan.

Fund Overview

Mid (26/04/2024) 115.64p
Historic yield 3.35%
Fund size (31/03/2024) £344.93m
Number of holdings 174
Entry Charge 0.00%
Ongoing Charges 0.56%
Launch date 11/11/2010

Asset Allocation

pie chart
  International Bonds 39.93%
  International Equities 37.47%
  UK Gilts 11.15%
  Alternative Trading Strategies 2.98%
  UK Corporate Bonds 2.53%
  UK Equities 1.42%
  Property 0.74%
  Cash and Equivalents -0.87%
  Other Assets 4.65%
Portfolio data accurate as at: 31/03/24

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 39.93%
  International Equities 37.47%
  UK Gilts 11.15%
  Alternative Trading Strategies 2.98%
  UK Corporate Bonds 2.53%
  UK Equities 1.42%
  Property 0.74%
  Cash and Equivalents -0.87%
  Other Assets 4.65%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 53.60% - - -
 
 Technology 9.66% - - -
 
 Technology - 9.66% - -
 
 Technology Hardware & Equipment - - 6.61% -
 
 Computer Hardware - - - 3.90%
 
 Semiconductors - - - 2.39%
 
 Electronic Office Equipment - - - 0.23%
 
 Production Technology Equipment - - - 0.10%
 
 Software & Computer Services - - 3.05% -
 
 Consumer Digital Services - - - 1.06%
 
 Software - - - 1.02%
 
 Computer Services - - - 0.97%
 
 Industrials 4.69% - - -
 
 Industrial Goods & Services - 4.69% - -
 
 Industrial Transportation - - 2.47% -
 
 Marine Transportation - - - 1.01%
 
 Delivery Services - - - 0.60%
 
 Railroads - - - 0.59%
 
 Commercial Vehicles & Parts - - - 0.27%
 
 Industrial Support Services - - 1.03% -
 
 Transaction Processing Services - - - 0.75%
 
 Industrial Suppliers - - - 0.28%
 
 Industrial Engineering - - 0.88% -
 
 Machinery: Tools - - - 0.63%
 
 Machinery: Construction & Handling - - - 0.25%
 
 General Industrials - - 0.31% -
 
 Glass - - - 0.31%
 
 Non-Classified 4.65% - - -
 
 Financials 4.60% - - -
 
 Banks - 2.59% - -
 
 Banks - - 2.59% -
 
 Banks - - - 2.59%
 
 Financial Services - 1.38% - -
 
 Investment Banking & Brokerage Services - - 0.92% -
 
 Asset Managers & Custodians - - - 0.51%
 
 Investment Services - - - 0.41%
 
 Mortgage Real Estate Investment Trusts - - 0.46% -
 
 Mortgage REITs: Residential - - - 0.46%
 
 Insurance - 0.63% - -
 
 Life Insurance - - 0.48% -
 
 Life Insurance - - - 0.48%
 
 Non-life Insurance - - 0.15% -
 
 Property & Casualty Insurance - - - 0.15%
 
 Health Care 4.07% - - -
 
 Health Care - 4.07% - -
 
 Pharmaceuticals & Biotechnology - - 3.54% -
 
 Pharmaceuticals - - - 3.54%
 
 Medical Equipment & Services - - 0.53% -
 
 Medical Equipment - - - 0.40%
 
 Medical Services - - - 0.13%
 
 Consumer Staples 3.48% - - -
 
 Personal Care, Drug & Grocery Stores - 1.92% - -
 
 Personal Care, Drug & Grocery Stores - - 1.92% -
 
 Food Retailers & Wholesalers - - - 1.01%
 
 Drug Retailers - - - 0.82%
 
 Personal Products - - - 0.09%
 
 Food, Beverage & Tobacco - 1.56% - -
 
 Food Producers - - 1.48% -
 
 Food Products - - - 1.48%
 
 Beverages - - 0.08% -
 
 Brewers - - - 0.08%
 
 Consumer Discretionary 3.43% - - -
 
 Consumer Products & Services - 1.44% - -
 
 Household Goods & Home Construction - - 1.44% -
 
 Household Appliance - - - 0.76%
 
 Household Equipment & Products - - - 0.68%
 
 Travel & Leisure - 0.70% - -
 
 Travel & Leisure - - 0.70% -
 
 Restaurants & Bars - - - 0.70%
 
 Automobiles & Parts - 0.66% - -
 
 Automobiles & Parts - - 0.66% -
 
 Automobiles - - - 0.36%
 
 Auto Parts - - - 0.30%
 
 Retail - 0.63% - -
 
 Retailers - - 0.63% -
 
 Diversified Retailers - - - 0.63%
 
 Alternative Trading Strategies 2.98% - - -
 
 Alternative Trading Strategies - 2.98% - -
 
 Alternative Trading Strategies - - 2.98% -
 
 Alternative Trading Strategies - - - 2.98%
 
 Telecommunications 2.74% - - -
 
 Telecommunications - 2.74% - -
 
 Telecommunications Service Providers - - 1.73% -
 
 Telecommunications Services - - - 1.73%
 
 Telecommunications Equipment - - 1.01% -
 
 Telecommunications Equipment - - - 1.01%
 
 Energy 2.43% - - -
 
 Energy - 2.43% - -
 
 Non-Renewable Energy - - 2.43% -
 
 Oil: Crude Producers - - - 2.31%
 
 Pipelines - - - 0.12%
 
 Basic Materials 2.16% - - -
 
 Basic Resources - 1.68% - -
 
 Industrial Metals & Mining - - 1.44% -
 
 Metal Fabricating - - - 0.65%
 
 General Mining - - - 0.65%
 
 Iron & Steel - - - 0.15%
 
 Industrial Materials - - 0.23% -
 
 Paper - - - 0.23%
 
 Chemicals - 0.48% - -
 
 Chemicals - - 0.48% -
 
 Chemicals: Diversified - - - 0.24%
 
 Specialty Chemicals - - - 0.24%
 
 Utilities 1.30% - - -
 
 Utilities - 1.30% - -
 
 Electricity - - 1.30% -
 
 Conventional Electricity - - - 0.99%
 
 Alternative Electricity - - - 0.31%
 
 Real Estate 1.08% - - -
 
 Real Estate - 1.08% - -
 
 Real Estate Investment Trusts - - 1.08% -
 
 Retail REITs - - - 0.38%
 
 Office REITs - - - 0.33%
 
 Health Care REITs - - - 0.20%
 
 Residential REITs - - - 0.17%
 
 Cash and Equivalents -0.87% - - -

Regional Allocation

pie chart
  North America 45.30%
  UK 15.09%
  Developed Europe - Excl UK 11.67%
  Non-Classified 8.49%
  South & Central America 7.35%
  Japan 3.03%
  Emerging Europe 2.71%
  Emerging Asia 2.68%
  Middle East & Africa 1.64%
  Other Regions 2.05%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 47.27%
  US Dollar 18.64%
  Pound Sterling 12.24%
  Euro 8.92%
  Mexican Peso 1.67%
  Colombian Peso 1.67%
  Other Currencies 9.59%

Regional Breakdown

Expand allCollapse all
Region Country
 
 North America 45.30% -
 
 United States - 42.92%
 
 Canada - 2.38%
 
 UK 15.09% -
 
 United Kingdom - 15.09%
 
 Developed Europe - Excl UK 11.67% -
 
 Germany - 3.79%
 
 Netherlands - 1.88%
 
 France - 0.90%
 
 Spain - 0.85%
 
 Sweden - 0.79%
 
 Switzerland - 0.70%
 
 Ireland - 0.68%
 
 Denmark - 0.54%
 
 Italy - 0.53%
 
 Belgium - 0.41%
 
 Portugal - 0.31%
 
 Luxembourg - 0.30%
 
 Non-Classified 8.49% -
 
 South & Central America 7.35% -
 
 Mexico - 1.67%
 
 Colombia - 1.67%
 
 Brazil - 1.64%
 
 Chile - 1.19%
 
 Peru - 1.17%
 
 Japan 3.03% -
 
 Japan - 3.03%
 
 Emerging Europe 2.71% -
 
 Turkey - 1.21%
 
 Poland - 1.20%
 
 Greece - 0.30%
 
 Emerging Asia 2.68% -
 
 Indonesia - 1.19%
 
 South Korea - 0.82%
 
 Philippines - 0.58%
 
 China - 0.09%
 
 Middle East & Africa 1.64% -
 
 South Africa - 1.64%
 
 Australia & New Zealand 1.52% -
 
 Australia - 1.52%
 
 Property 0.74% -
 
 Developed Asia 0.65% -
 
 Hong Kong - 0.35%
 
 Singapore - 0.30%
 
 Cash and Equivalents -0.87% -

Breakdown By Market Cap (%)

Mega
 
 
22.86%
Large
 
 
12.37%
Medium
 
 
2.55%
Micro
 
 
0.17%
Non-Classified
 
 
9.32%
Bonds
 
 
53.60%
Cash
 
-0.87%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
30.17%
5Yr - 10Yr Maturity
 
 
15.95%
10Yr - 15Yr Maturity
 
 
0.58%
> 15Yr Maturity
 
 
6.91%
Cash And Equivalents
 
-0.87%
Unknown Maturity
 
 
4.65%
Other Asset Types
 
 
42.62%

Fixed Interest Quality Profile

AAA
 
 
6.99%
AA
 
 
11.15%
A
 
 
1.17%
BBB
 
 
8.47%
Sub-Investment Grade
 
 
9.34%
Unknown Quality
 
 
16.48%
Cash and Equivalents
 
-0.87%
Other Asset Types
 
 
47.27%

Top 10 Holdings

Stock % Weight Sector Country
1 3¼% Treasury Gilt 2033 5.05% Bonds United Kingdom
2 TREASURY NOTE 3.5% 15/02/2033 4.98% Bonds United States
3 3¾% Treasury Gilt 2053 4.42% Bonds United Kingdom
4 TREASURY BILL 0% 13/06/2024 4.38% Bonds United States
5 TREASURY BOND 3% 15/08/2052 4.35% Non-Classified Non-Classified
6 GERMANY (FEDERAL REPUBLIC OF) 2.3% 15/02/2033 2.99% Bonds Germany
7 ½% Treasury Gilt 2061 1.68% Bonds United Kingdom
8 MEXICO (UNITED MEXICAN STATES) 1% 05/12/2024 1.67% Bonds Mexico
9 COLOMBIA REPUBLIC OF (GOVERNMENT) 6% 28/04/2028 1.67% Bonds Colombia
10 BRAZIL FEDERATIVE REPUBLIC OF 1% 01/01/2025 1.64% Bonds Brazil

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 BG08759
Mex Code -
Isin Code GB00BG087591
Citi Code Q4QW

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.56%

Aims and Benchmark

Aims The Fund aims to provide: • a growing level of income over any three‐ year period; and • capital growth of 2‐4% per annum, net of the Ongoing Charge Figure, over any three‐ year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall and investors may not recoup the original amount they invested
Benchmark n/a
Benchmark Category -
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 Annually
Distribution Type Dividend
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 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 0.31
Beta 1.09
Sharpe 0.00
Standard Deviation 8.20
Info Ratio 0.12

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
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 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.

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.