M&G Feeder of Property Portfolio 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 | -8.4% | -6.2% | 9.4% | -14.2% | -10.0% |
| Sector | -1.5% | -2.1% | 11.6% | -8.4% | -0.1% |
| Rank | n/a | n/a | n/a | n/a | n/a |
| Quartile | n/a | n/a | n/a | n/a | n/a |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -5.5% | -6.2% | -1.1% | |
| Sector | 0.7% | -0.3% | 2.7% | |
| Rank | n/a | n/a | n/a | |
| Quartile | n/a | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| PARC TROSTRE RETAIL PARK, LLAN | 13.04 |
| PORTLAND RIDING ESTATE 80 92 | 8.43 |
| MEDWAY VALLEY LEISURE PARK ROC | 6.92 |
| 3 TEMPLE QUAY BRISTOL | 6.79 |
| FREMLIN WALK | 5.64 |
| SELLY OAK STUDENT QUARTER | 4.83 |
| A1 A29 ALTENS IND EST ABERDEEN | 4.38 |
| ORBITAL ONE TRADING ESTATE | 4.15 |
| 8 GREENWICH VIEW PLACE | 4.15 |
| SOUTHWATER SQUARE, TELFORD | 3.90 |
| Total | 62.23 |
Fund Aims
The Trust aims to maximise long term total return (the combination of income and growth of capital) solely through investment in the M&G Property Portfolio.
Fund Manager
TBC
Fund Overview
| Bid (26/04/2024) | 49.15p |
| Offer (26/04/2024) | 51.93p |
| Historic yield | 4.78% |
| Fund size (29/02/2024) | £335.98m |
| Number of holdings | 87 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.75% |
| Launch date | 18/01/2013 |
Asset Allocation
| Property | 88.79% | |
| Cash and Equivalents | 4.41% | |
| Money Market | 3.04% | |
| UK Equities | 2.01% | |
| UK Corporate Bonds | 0.11% | |
| International Bonds | 0.07% | |
| Other Assets | 1.57% |
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
| Property | 88.79% | |
| Cash and Equivalents | 4.41% | |
| Money Market | 3.04% | |
| UK Equities | 2.01% | |
| UK Corporate Bonds | 0.11% | |
| International Bonds | 0.07% | |
| Other Assets | 1.57% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Property | 81.88% | - | - | - | |
| Property | - | 81.88% | - | - | |
| Property | - | - | 81.88% | - | |
| Property | - | - | - | 81.88% | |
| Real Estate | 8.63% | - | - | - | |
| Real Estate | - | 8.63% | - | - | |
| Real Estate Investment Trusts | - | - | 8.63% | - | |
| Industrial REITs | - | - | - | 2.32% | |
| Residential REITs | - | - | - | 2.28% | |
| Retail REITs | - | - | - | 1.36% | |
| Office REITs | - | - | - | 1.17% | |
| Other Specialty REITs | - | - | - | 0.83% | |
| Diversified REITs | - | - | - | 0.67% | |
| Cash and Equivalents | 7.45% | - | - | - | |
| Non-Classified | 1.86% | - | - | - | |
| Bonds | 0.18% | - | - | - | |
Regional Allocation
| Property | 88.51% | |
| Cash and Equivalents | 7.45% | |
| UK | 2.40% | |
| Non-Classified | 1.57% | |
| Developed Europe - Excl UK | 0.07% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 95.41% | |
| Cash | 4.41% | |
| Pound Sterling | 0.18% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Property | 88.51% | - | |
| Cash and Equivalents | 7.45% | - | |
| UK | 2.40% | - | |
United Kingdom
|
- | 2.40% | |
| Non-Classified | 1.57% | - | |
| Developed Europe - Excl UK | 0.07% | - | |
France
|
- | 0.04% | |
Netherlands
|
- | 0.02% | |
Property Regions
| SOUTH EAST | 41.44% | |
| SOUTH WEST | 13.45% | |
| THE MIDLANDS | 12.68% | |
| CENTRAL LONDON | 12.25% | |
| THE NORTH | 0.97% | |
| OTHER | 19.21% |
Property Sector
| OFFICE | 38.43% | |
| OTHER | 32.42% | |
| INDUSTRIAL | 20.96% | |
| SHOPPING CENTRE | 8.19% |
Breakdown By Market Cap (%)
| Large |
|
2.71% |
| Medium |
|
5.34% |
| Small |
|
0.28% |
| Micro |
|
0.31% |
| Non-Classified |
|
83.74% |
| Bonds |
|
0.18% |
| Cash |
|
7.45% |
Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G Property Portfolio Class F GBP | 98.60% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | PARC TROSTRE RETAIL PARK, LLAN | 13.04% | Property | Direct Property and REITs |
| 2 | PORTLAND RIDING ESTATE 80 92 | 8.43% | Property | Direct Property and REITs |
| 3 | MEDWAY VALLEY LEISURE PARK ROC | 6.92% | Property | Direct Property and REITs |
| 4 | 3 TEMPLE QUAY BRISTOL | 6.79% | Property | Direct Property and REITs |
| 5 | FREMLIN WALK | 5.64% | Property | Direct Property and REITs |
| 6 | SELLY OAK STUDENT QUARTER | 4.83% | Property | Direct Property and REITs |
| 7 | A1 A29 ALTENS IND EST ABERDEEN | 4.38% | Property | Direct Property and REITs |
| 8 | ORBITAL ONE TRADING ESTATE | 4.15% | Property | Direct Property and REITs |
| 9 | 8 GREENWICH VIEW PLACE | 4.15% | Property | Direct Property and REITs |
| 10 | SOUTHWATER SQUARE, TELFORD | 3.90% | Property | Direct Property and REITs |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Real Estate | 2.01% | - | - | - | - | 6.63% | - | - | 8.63% |
| Property | - | - | - | - | - | 81.88% | - | - | 81.88% |
| Cash and Equivalents | - | - | - | - | - | - | - | 4.41% | 4.41% |
| Bonds | - | - | 0.11% | 0.07% | - | - | - | - | 0.18% |
| Non-Classified | - | - | - | - | - | 0.29% | 1.57% | 3.04% | 4.90% |
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 | B842HT5 |
| Mex Code | - |
| Isin Code | GB00B842HT59 |
| Citi Code | I11D |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.75% |
Aims and Benchmark
| Aims | The Trust aims to maximise long term total return (the combination of income and growth of capital) solely through investment in the M&G Property Portfolio. |
| Benchmark | IA UK Direct Property sector |
| Benchmark Category | - |
| IA Sector | Property |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.77 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | No |
| SIPP allowable | No |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
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 | Kleinwort Benson (Guernsey) Ltd |
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 | -5.20 |
| Beta | 1.27 |
| Sharpe | -0.01 |
| Standard Deviation | 6.16 |
| Info Ratio | -1.58 |
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 | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | Yes |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| 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
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).
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
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.
Property
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
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.
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.
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.