Prudential M&G UK Income Distribution Bond Acc (ex M&G)

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

Performance

Discrete performance - to last month end

31/07/17
to
31/07/18
31/07/18
to
31/07/19
31/07/19
to
31/07/20
31/07/20
to
31/07/21
31/07/21
to
31/07/22
Fund 4.9% 2.5% -12.3% 19.5% 1.4%
Sector 4.7% 4.1% -4.6% 14.5% -3.3%
Rank 192/406 322/411 407/414 32/419 17/419
Quartile 2 4 4 1 1

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund 2.0% 2.7% 5.9%
Sector 1.9% 2.9% 5.4%
Rank 189/414 257/406 151/377
Quartile 2 3 2

Top 10 Holdings

Stock % Weight
BP 5.80
GSK GBP ORD 5.54
BRITISH AMERICAN TOBACCO 4.17
ASTRAZENECA 4.11
RIO TINTO 3.80
VODAFONE GROUP 3.02
NATIONAL GRID 2.97
IMPERIAL BRANDS 2.71
SSE 1.99
HSBC HOLDINGS 1.82
Total 35.95

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund - the underlying fund.

Underlying Fund Objective: The Fund aims to provide: • a higher annual yield than the FTSE All-Share Index; • an income stream that increases annually; and • a higher total return (capital growth plus income),net of the Ongoing Charge Figure, than a composite index* over any five year period.

*70% FTSE All-Share Index and 30% FTSEActuaries UK Conventional Gilts All Stocks Index.

Fund Manager

Michael Stiasny manager of the underlying fund for 4 years and 4 months

Photo of Michael Stiasny Michael Stiasny is the fund manager of Charifund and, since 1 April 2018, of the M&G UK Income Distribution Fund. He is also deputy fund manager of both the M&G Recovery Fund and the M&G Global Recovery Fund. He joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in 2005. He was appointed deputy fund manager of the M&G Recovery Fund in 2011. Michael graduated with a degree in philosophy, politics and economics from the University of Oxford. He is a CFA charterholder.

Fund Overview

Bid (12/08/2022) 4402.00
Offer (12/08/2022) 4622.20
Fund size (30/06/2022) £47.96m
Underlying Fund size £478.31m
Number of holdings 197
Launch date 01/09/1976

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Asset Allocation

pie chart
  UK Equities 70.82%
  International Bonds 11.96%
  UK Corporate Bonds 8.18%
  Property 2.08%
  UK Gilts 1.49%
  International Equities 1.41%
  Investment Trusts 0.38%
  Money Market 0.25%
  Cash and Equivalents -1.52%
  Other Assets 4.96%
Portfolio data accurate as at: 30/06/22

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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
  UK Equities 70.82%
  International Bonds 11.96%
  UK Corporate Bonds 8.18%
  Property 2.08%
  UK Gilts 1.49%
  International Equities 1.41%
  Investment Trusts 0.38%
  Money Market 0.25%
  Cash and Equivalents -1.52%
  Other Assets 4.96%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 22.47% - - -
 
Financials 16.27% - - -
 
Insurance - 6.86% - -
 
Life Insurance - - 4.60% -
 
Life Insurance - - - 4.60%
 
Non-life Insurance - - 2.26% -
 
Property & Casualty Insurance - - - 1.91%
 
Reinsurance - - - 0.35%
 
Banks - 4.99% - -
 
Banks - - 4.99% -
 
Banks - - - 4.99%
 
Financial Services - 4.42% - -
 
Investment Banking & Brokerage Services - - 3.74% -
 
Asset Managers & Custodians - - - 3.08%
 
Investment Services - - - 0.66%
 
Equity Investment Instruments - - 0.68% -
 
Equity Investment Instruments - - - 0.68%
 
Non-Classified 12.34% - - -
 
Non-Classified - 0.47% - -
 
Non-Classified - - 0.47% -
 
Non-Classified - - - 0.47%
 
Consumer Staples 9.65% - - -
 
Food, Beverage & Tobacco - 7.24% - -
 
Tobacco - - 6.89% -
 
Tobacco - - - 6.89%
 
Food Producers - - 0.35% -
 
Food Products - - - 0.35%
 
Personal Care, Drug & Grocery Stores - 2.41% - -
 
Personal Care, Drug & Grocery Stores - - 2.41% -
 
Personal Products - - - 1.24%
 
Food Retailers & Wholesalers - - - 1.17%
 
Energy 7.20% - - -
 
Energy - 7.20% - -
 
Non-Renewable Energy - - 7.20% -
 
Integrated Oil & Gas - - - 5.80%
 
Oil: Crude Producers - - - 1.40%
 
Utilities 7.14% - - -
 
Utilities - 7.14% - -
 
Gas, Water & Multi-utilities - - 4.14% -
 
Multi-Utilities - - - 2.97%
 
Water - - - 1.17%
 
Electricity - - 3.00% -
 
Conventional Electricity - - - 3.00%
 
Consumer Discretionary 6.92% - - -
 
Travel & Leisure - 2.54% - -
 
Travel & Leisure - - 2.54% -
 
Casinos & Gambling - - - 1.25%
 
Travel & Tourism - - - 1.08%
 
Restaurants & Bars - - - 0.20%
 
Media - 2.18% - -
 
Media - - 2.18% -
 
Radio & TV Broadcasters - - - 0.79%
 
Media Agencies - - - 0.72%
 
Publishing - - - 0.67%
 
Consumer Products & Services - 1.71% - -
 
Household Goods & Home Construction - - 1.71% -
 
Home Construction - - - 1.71%
 
Retail - 0.50% - -
 
Retailers - - 0.50% -
 
Specialty Retailers - - - 0.26%
 
Home Improvement Retailers - - - 0.23%
 
Basic Materials 6.01% - - -
 
Basic Resources - 5.39% - -
 
Industrial Metals & Mining - - 5.39% -
 
General Mining - - - 5.39%
 
Chemicals - 0.62% - -
 
Chemicals - - 0.62% -
 
Specialty Chemicals - - - 0.37%
 
Chemicals: Diversified - - - 0.25%
 
Health Care 4.11% - - -
 
Health Care - 4.11% - -
 
Pharmaceuticals & Biotechnology - - 4.11% -
 
Pharmaceuticals - - - 4.11%
 
Telecommunications 3.02% - - -
 
Telecommunications - 3.02% - -
 
Telecommunications Service Providers - - 3.02% -
 
Telecommunications Services - - - 3.02%
 
Real Estate 2.83% - - -
 
Real Estate - 2.83% - -
 
Real Estate Investment Trusts - - 2.23% -
 
Retail REITs - - - 0.68%
 
Diversified REITs - - - 0.54%
 
Residential REITs - - - 0.44%
 
Industrial REITs - - - 0.41%
 
Office REITs - - - 0.15%
 
Real Estate Investment & Services - - 0.60% -
 
Real Estate Holding and Development - - - 0.60%
 
Industrials 2.31% - - -
 
Industrial Goods & Services - 1.72% - -
 
General Industrials - - 0.52% -
 
Containers & Packaging - - - 0.52%
 
Industrial Transportation - - 0.45% -
 
Delivery Services - - - 0.45%
 
Industrial Support Services - - 0.43% -
 
Transaction Processing Services - - - 0.33%
 
Professional Business Support Services - - - 0.10%
 
Industrial Engineering - - 0.32% -
 
Machinery: Specialty - - - 0.32%
 
Construction & Materials - 0.59% - -
 
Construction & Materials - - 0.59% -
 
Engineering & Contracting Services - - - 0.36%
 
Construction - - - 0.23%
 
Technology 1.26% - - -
 
Technology - 1.26% - -
 
Software & Computer Services - - 1.26% -
 
Consumer Digital Services - - - 0.80%
 
Software - - - 0.46%
 
Cash and Equivalents -1.52% - - -

Regional Allocation

pie chart
  UK 80.48%
  Developed Europe - Excl UK 6.83%
  Non-Classified 5.73%
  North America 4.71%
  Property 2.08%
  Australia & New Zealand 1.25%
  Middle East & Africa 0.11%
  Developed Asia 0.08%
  Cash and Equivalents -1.28%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 79.87%
  Pound Sterling 21.46%
  US Dollar 0.17%
  Cash -1.49%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 80.48% -
 
United Kingdom - 80.48%
 
Developed Europe - Excl UK 6.83% -
 
France - 2.06%
 
Netherlands - 1.51%
 
Germany - 1.07%
 
Spain - 0.53%
 
Switzerland - 0.46%
 
Norway - 0.42%
 
Belgium - 0.37%
 
Luxembourg - 0.26%
 
Sweden - 0.16%
 
Non-Classified 5.73% -
 
North America 4.71% -
 
United States - 4.06%
 
Canada - 0.65%
 
Property 2.08% -
 
Australia & New Zealand 1.25% -
 
Australia - 1.25%
 
Middle East & Africa 0.11% -
 
United Arab Emirates - 0.11%
 
Developed Asia 0.08% -
 
Hong Kong - 0.08%
 
Cash and Equivalents -1.28% -

Breakdown By Market Cap (%)

Mega
 
 
34.88%
Large
 
 
13.90%
Medium
 
 
9.99%
Small
 
 
8.49%
Micro
 
 
2.17%
Non-Classified
 
 
10.47%
Bonds
 
 
21.62%
Cash
 
-1.52%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
17.59%
5Yr - 10Yr Maturity
 
 
3.15%
10Yr - 15Yr Maturity
 
 
0.37%
> 15Yr Maturity
 
 
0.51%
Cash And Equivalents
 
-1.52%
Unknown Maturity
 
 
4.74%
Other Asset Types
 
 
75.16%

Fixed Interest Quality Profile

AAA
 
 
2.30%
AA
 
 
3.37%
A
 
 
6.81%
BBB
 
 
6.90%
Sub-Investment Grade
 
 
0.40%
Unknown Quality
 
 
1.84%
Cash and Equivalents
 
-1.52%
Other Asset Types
 
 
79.90%

Top 10 Holdings

Stock % Weight Sector Country
1 BP 5.80% Non-Renewable Energy United Kingdom
2 GSK GBP ORD 5.54% Non-Classified United Kingdom
3 BRITISH AMERICAN TOBACCO 4.17% Tobacco United Kingdom
4 ASTRAZENECA 4.11% Pharmaceuticals & Biotechnology United Kingdom
5 RIO TINTO 3.80% Industrial Metals & Mining United Kingdom
6 VODAFONE GROUP 3.02% Telecommunications Service Providers United Kingdom
7 NATIONAL GRID 2.97% Gas, Water & Multi-utilities United Kingdom
8 IMPERIAL BRANDS 2.71% Tobacco United Kingdom
9 SSE 1.99% Electricity United Kingdom
10 HSBC HOLDINGS 1.82% Banks United Kingdom

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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 0548931
Mex Code MGEYBA
Isin Code GB0005489314
Citi Code MG90

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund - the underlying fund. Underlying Fund Objective: The Fund aims to provide: • a higher annual yield than the FTSE All-Share Index; • an income stream that increases annually; and • a higher total return (capital growth plus income),net of the Ongoing Charge Figure, than a composite index* over any five year period. *70% FTSE All-Share Index and 30% FTSEActuaries UK Conventional Gilts All Stocks Index.
Benchmark IA UK Other Bond Sector Average
Sector ABI Mixed Investment 40-85% Shares

Ratings

FE Crown Crown Rating of 1

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs 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 0.18
Beta 1.07
Sharpe 0.00
Standard Deviation 12.35
Info Ratio 0.02

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 No
Higher Risk No
Performance Charges No
Derivative Exposure No
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).

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.

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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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.