M&G Emerging Markets Bond Class PP GBP Inc

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 n/a 10.2% -3.1% 5.2% 10.2%
Sector -5.2% 10.2% -3.4% -0.2% 8.7%
Rank 4/16 15/17 2/18 1/18 8/19
Quartile 1 4 1 1 2

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund 3.9% n/a n/a
Sector 1.6% 1.8% 3.4%
Rank 2/18 2/16 n/a
Quartile 1 1 n/a

Top 10 Holdings

Stock % Weight
MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 2.93
BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 2.81
URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 1.55
SINGAPORE (REPUBLIC OF) 3% 01/09/2024 1.48
MALAYSIA (GOVERNMENT) 3.885% 15/08/2029 1.47
JAPAN (GOVERNMENT OF) 5YR #140 0.1% 20/06/2024 1.40
SOUTH AFRICA (REPUBLIC OF) 8.75% 28/02/2048 1.23
SOUTH AFRICA (REPUBLIC OF) 8.875% 28/02/2035 1.20
BRAZIL NOTAS DO TESOURO NACIONAL S 1% 01/01/2033 1.18
INDONESIA (REPUBLIC OF) 8.25% 15/05/2036 1.13
Total 16.38

Fund Aims

Investment objective 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 a composite index over any five-year period. The composite index is made up of one third JPM EMBI Global Diversified Index, one third JPM CEMBI Broad Diversified Index and one third JPM GBI-EM Global Diversified Index.

Fund Manager

Claudia Calich manager for 10 years and 4 months

Photo of Claudia Calich Claudia Calich joined M&G in October 2013 as a specialist in emerging markets debt and was appointed fund manager of the M&G Emerging Markets Bond Fund in December 2013. Claudia has over 20 years of experience in emerging markets, most recently as a senior portfolio manager at Invesco in New York, with previous positions at Oppenheimer Funds, Fuji Bank, Standard & Poor’s and Reuters. Claudia graduated with a BA honours in economics from Susquehanna University in 1989 and holds an MA in international economics from the International University of Japan in Niigata.

Fund Overview

Mid (26/04/2024) 78.41p
Distribution yield 7.31%
Underlying yield 6.73%
Fund size (31/03/2024) £1550.98m
Number of holdings 477
Entry Charge 0.00%
Ongoing Charges 0.59%
Launch date 15/10/1999

Asset Allocation

pie chart
  International Bonds 94.11%
  UK Corporate Bonds 3.05%
  Cash and Equivalents 0.62%
  Alternative Trading Strategies -0.03%
  Other Assets 2.25%
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 94.11%
  UK Corporate Bonds 3.05%
  Cash and Equivalents 0.62%
  Alternative Trading Strategies -0.03%
  Other Assets 2.25%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 97.16% - - -
 
 Non-Classified 2.25% - - -
 
 Cash and Equivalents 0.62% - - -
 
 Alternative Trading Strategies -0.03% - - -
 
 Alternative Trading Strategies - -0.03% - -
 
 Alternative Trading Strategies - - -0.03% -
 
 Alternative Trading Strategies - - - -0.03%

Regional Allocation

pie chart
  South & Central America 29.37%
  Middle East & Africa 17.37%
  Emerging Asia 17.02%
  Emerging Europe 13.43%
  North America 5.69%
  Non-Classified 5.22%
  Developed Europe - Excl UK 3.65%
  Developed Asia 3.05%
  UK 3.05%
  Other Regions 2.15%

Fixed Interest Currencies

pie chart
  US Dollar 50.51%
  Euro 7.36%
  Brazilian Real 3.99%
  Mexican Peso 3.77%
  Rupiah 3.46%
  Malaysian Ringgit 3.44%
  Other Currencies 27.47%

Regional Breakdown

Expand allCollapse all
Region Country
 
 South & Central America 29.37% -
 
 Mexico - 5.35%
 
 Brazil - 4.41%
 
 Colombia - 4.09%
 
 Peru - 2.44%
 
 Dominican Republic - 2.31%
 
 Uruguay - 2.16%
 
 Argentina - 1.78%
 
 Paraguay - 1.03%
 
 Jamaica - 1.00%
 
 Guatemala - 0.95%
 
 Barbados - 0.53%
 
 Honduras - 0.50%
 
 Trinidad and Tobago - 0.49%
 
 El Salvador - 0.44%
 
 Ecuador - 0.43%
 
 Suriname - 0.41%
 
 Venezuela - 0.26%
 
 Cayman Islands - 0.24%
 
 Costa Rica - 0.23%
 
 Panama - 0.12%
 
 Chile - 0.12%
 
 Bolivia - 0.06%
 
 Middle East & Africa 17.37% -
 
 South Africa - 3.06%
 
 Egypt - 1.13%
 
 Morocco - 1.09%
 
 Qatar - 1.08%
 
 Israel - 0.97%
 
 Cote D'Ivoire - 0.91%
 
 Oman - 0.88%
 
 United Arab Emirates - 0.87%
 
 Nigeria - 0.86%
 
 Kenya - 0.69%
 
 Benin - 0.67%
 
 Gabon - 0.67%
 
 Jordan - 0.64%
 
 Senegal - 0.55%
 
 Angola - 0.54%
 
 Cameroon - 0.52%
 
 Mozambique - 0.52%
 
 Rwanda - 0.50%
 
 Zambia - 0.39%
 
 Ghana - 0.34%
 
 Iraq - 0.30%
 
 Kuwait - 0.19%
 
 Emerging Asia 17.02% -
 
 Indonesia - 4.16%
 
 Malaysia - 3.44%
 
 Uzbekistan - 1.71%
 
 Viet Nam - 1.18%
 
 Philippines - 0.82%
 
 Azerbaijan - 0.79%
 
 Kazakhstan - 0.75%
 
 Tajikistan - 0.60%
 
 Georgia - 0.59%
 
 Thailand - 0.55%
 
 Mongolia - 0.54%
 
 Armenia - 0.47%
 
 Sri Lanka - 0.33%
 
 Papua New Guinea - 0.29%
 
 China - 0.27%
 
 India - 0.21%
 
 South Korea - 0.21%
 
 Pakistan - 0.12%
 
 Emerging Europe 13.43% -
 
 Romania - 3.01%
 
 Poland - 2.95%
 
 Hungary - 2.28%
 
 Turkey - 2.18%
 
 Serbia - 0.86%
 
 Ukraine - 0.67%
 
 Montenegro - 0.56%
 
 Bosnia and Herzegowina - 0.37%
 
 Albania - 0.30%
 
 Macedonia, The Former Yugoslav Republic Of - 0.16%
 
 Czech Republic - 0.09%
 
 North America 5.69% -
 
 United States - 5.62%
 
 Canada - 0.07%
 
 Non-Classified 5.22% -
 
 Developed Europe - Excl UK 3.65% -
 
 Luxembourg - 2.18%
 
 Netherlands - 0.62%
 
 Ireland - 0.38%
 
 Spain - 0.18%
 
 France - 0.15%
 
 Germany - 0.13%
 
 Sweden - 0.01%
 
 Developed Asia 3.05% -
 
 Singapore - 2.19%
 
 Hong Kong - 0.86%
 
 UK 3.05% -
 
 United Kingdom - 3.05%
 
 Japan 1.53% -
 
 Japan - 1.53%
 
 Cash and Equivalents 0.62% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
28.68%
5Yr - 10Yr Maturity
 
 
33.60%
10Yr - 15Yr Maturity
 
 
13.27%
> 15Yr Maturity
 
 
21.60%
Cash And Equivalents
 
 
0.62%
Unknown Maturity
 
 
2.25%
Other Asset Types
 
-0.03%

Fixed Interest Quality Profile

AAA
 
 
2.44%
AA
 
 
0.23%
A
 
 
4.23%
BBB
 
 
15.83%
Sub-Investment Grade
 
 
12.37%
Unknown Quality
 
 
62.05%
Cash and Equivalents
 
 
0.62%
Other Asset Types
 
 
2.21%

Top 10 Holdings

Stock % Weight Sector Country
1 MEXICO (UNITED MEXICAN STATES) (GO 8.5% 18/11/2038 2.93% Bonds Mexico
2 BRAZIL FEDERATIVE REPUBLIC OF (GOV 1% 01/01/2029 2.81% Bonds Brazil
3 URUGUAY (ORIENTAL REPUBLIC OF) 3.875% 02/07/2040 1.55% Bonds Uruguay
4 SINGAPORE (REPUBLIC OF) 3% 01/09/2024 1.48% Bonds Singapore
5 MALAYSIA (GOVERNMENT) 3.885% 15/08/2029 1.47% Bonds Malaysia
6 JAPAN (GOVERNMENT OF) 5YR #140 0.1% 20/06/2024 1.40% Bonds Japan
7 SOUTH AFRICA (REPUBLIC OF) 8.75% 28/02/2048 1.23% Bonds South Africa
8 SOUTH AFRICA (REPUBLIC OF) 8.875% 28/02/2035 1.20% Bonds South Africa
9 BRAZIL NOTAS DO TESOURO NACIONAL S 1% 01/01/2033 1.18% Bonds Brazil
10 INDONESIA (REPUBLIC OF) 8.25% 15/05/2036 1.13% Bonds Indonesia

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 BK7XX79
Mex Code -
Isin Code GB00BK7XX793
Citi Code QGN8

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.59%

Aims and Benchmark

Aims Investment objective 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 a composite index over any five-year period. The composite index is made up of one third JPM EMBI Global Diversified Index, one third JPM CEMBI Broad Diversified Index and one third JPM GBI-EM Global Diversified Index.
Benchmark 1/3 JPM EMBI Global Diversified Index, 1/3 JPM CEMBI Broad Diversified Index, 1/3 JPM GBI-EM Global Diversified Index
Benchmark Category Target
IA Sector Global Emerging Markets Bond

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price $0.50
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Biannually
Distribution Type Interest
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 3.61
Beta 0.75
Sharpe 0.06
Standard Deviation 6.63
Info Ratio 0.84

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies No
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 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).

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.

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.

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.