M&G UK Income Distribution Class I GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -10.7% | 17.8% | 6.7% | 0.3% | 5.0% |
| Sector | -4.2% | 24.4% | -0.4% | -1.7% | 9.1% |
| Rank | 110/123 | 101/127 | 10/139 | 42/151 | 136/160 |
| Quartile | 4 | 4 | 1 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 4.0% | 3.4% | 4.6% | |
| Sector | 2.2% | 4.9% | 5.9% | |
| Rank | 34/139 | 98/123 | 72/84 | |
| Quartile | 1 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BP | 5.76 |
| HSBC HOLDINGS | 4.97 |
| GSK | 4.01 |
| ASTRAZENECA | 3.38 |
| RIO TINTO | 3.37 |
| BRITISH AMERICAN TOBACCO | 3.14 |
| IMPERIAL BRANDS | 2.80 |
| NATIONAL GRID | 2.54 |
| SHELL | 2.44 |
| PHOENIX GROUP HLDGS | 1.89 |
| Total | 34.28 |
Fund Aims
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% FTSE Actuaries UK Conventional Gilts All Stocks Index.
Fund Manager
TBC
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
| Mid (01/05/2024) | 1166.17p |
| Historic yield | 5.70% |
| Fund size (31/03/2024) | £439.10m |
| Number of holdings | 254 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
| Launch date | 19/11/1973 |
Asset Allocation
| UK Equities | 66.53% | |
| International Bonds | 15.88% | |
| UK Corporate Bonds | 6.33% | |
| International Equities | 3.29% | |
| UK Gilts | 2.01% | |
| Investment Trusts | 1.26% | |
| Property | 1.25% | |
| Money Market | 0.48% | |
| Cash and Equivalents | 0.20% | |
| Other Assets | 2.78% |
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
| UK Equities | 66.53% | |
| International Bonds | 15.88% | |
| UK Corporate Bonds | 6.33% | |
| International Equities | 3.29% | |
| UK Gilts | 2.01% | |
| Investment Trusts | 1.26% | |
| Property | 1.25% | |
| Money Market | 0.48% | |
| Cash and Equivalents | 0.20% | |
| Other Assets | 2.78% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 25.16% | - | - | - | |
| Financials | 22.25% | - | - | - | |
| Insurance | - | 9.02% | - | - | |
| Life Insurance | - | - | 6.96% | - | |
| Life Insurance | - | - | - | 6.96% | |
| Non-life Insurance | - | - | 2.06% | - | |
| Property & Casualty Insurance | - | - | - | 1.49% | |
| Reinsurance | - | - | - | 0.57% | |
| Banks | - | 7.91% | - | - | |
| Banks | - | - | 7.91% | - | |
| Banks | - | - | - | 7.91% | |
| Financial Services | - | 5.32% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.65% | - | |
| Asset Managers & Custodians | - | - | - | 2.84% | |
| Investment Services | - | - | - | 0.81% | |
| Equity Investment Instruments | - | - | 1.49% | - | |
| Equity Investment Instruments | - | - | - | 1.49% | |
| Finance & Credit Services | - | - | 0.18% | - | |
| Mortgage Finance | - | - | - | 0.18% | |
| Energy | 8.87% | - | - | - | |
| Energy | - | 8.87% | - | - | |
| Non-Renewable Energy | - | - | 8.87% | - | |
| Integrated Oil & Gas | - | - | - | 8.20% | |
| Oil: Crude Producers | - | - | - | 0.67% | |
| Health Care | 7.39% | - | - | - | |
| Health Care | - | 7.39% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.39% | - | |
| Pharmaceuticals | - | - | - | 7.39% | |
| Consumer Staples | 6.98% | - | - | - | |
| Food, Beverage & Tobacco | - | 5.93% | - | - | |
| Tobacco | - | - | 5.93% | - | |
| Tobacco | - | - | - | 5.93% | |
| Personal Care, Drug & Grocery Stores | - | 1.04% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.04% | - | |
| Personal Products | - | - | - | 1.04% | |
| Utilities | 6.29% | - | - | - | |
| Utilities | - | 6.29% | - | - | |
| Gas, Water & Multi-utilities | - | - | 4.34% | - | |
| Multi-Utilities | - | - | - | 2.99% | |
| Water | - | - | - | 1.35% | |
| Electricity | - | - | 1.94% | - | |
| Conventional Electricity | - | - | - | 1.94% | |
| Consumer Discretionary | 4.89% | - | - | - | |
| Media | - | 2.07% | - | - | |
| Media | - | - | 2.07% | - | |
| Radio & TV Broadcasters | - | - | - | 1.16% | |
| Publishing | - | - | - | 0.63% | |
| Media Agencies | - | - | - | 0.27% | |
| Consumer Products & Services | - | 1.69% | - | - | |
| Household Goods & Home Construction | - | - | 1.26% | - | |
| Home Construction | - | - | - | 1.26% | |
| Personal Goods | - | - | 0.42% | - | |
| Clothing & Accessories | - | - | - | 0.42% | |
| Travel & Leisure | - | 0.66% | - | - | |
| Travel & Leisure | - | - | 0.66% | - | |
| Casinos & Gambling | - | - | - | 0.66% | |
| Retail | - | 0.48% | - | - | |
| Retailers | - | - | 0.48% | - | |
| Home Improvement Retailers | - | - | - | 0.48% | |
| Industrials | 4.88% | - | - | - | |
| Industrial Goods & Services | - | 3.55% | - | - | |
| Industrial Support Services | - | - | 1.44% | - | |
| Business Training & Employment Agencies | - | - | - | 0.63% | |
| Professional Business Support Services | - | - | - | 0.56% | |
| Transaction Processing Services | - | - | - | 0.25% | |
| General Industrials | - | - | 1.07% | - | |
| Containers & Packaging | - | - | - | 1.07% | |
| Industrial Engineering | - | - | 0.60% | - | |
| Machinery: Specialty | - | - | - | 0.60% | |
| Industrial Transportation | - | - | 0.45% | - | |
| Delivery Services | - | - | - | 0.31% | |
| Marine Transportation | - | - | - | 0.14% | |
| Construction & Materials | - | 1.33% | - | - | |
| Construction & Materials | - | - | 1.33% | - | |
| Engineering & Contracting Services | - | - | - | 0.84% | |
| Construction | - | - | - | 0.26% | |
| Building Materials: Other | - | - | - | 0.24% | |
| Basic Materials | 4.72% | - | - | - | |
| Basic Resources | - | 4.38% | - | - | |
| Industrial Metals & Mining | - | - | 4.38% | - | |
| General Mining | - | - | - | 4.38% | |
| Chemicals | - | 0.34% | - | - | |
| Chemicals | - | - | 0.34% | - | |
| Specialty Chemicals | - | - | - | 0.34% | |
| Non-Classified | 3.48% | - | - | - | |
| Non-Classified | - | 0.47% | - | - | |
| Non-Classified | - | - | 0.47% | - | |
| Non-Classified | - | - | - | 0.47% | |
| Telecommunications | 1.98% | - | - | - | |
| Telecommunications | - | 1.98% | - | - | |
| Telecommunications Service Providers | - | - | 1.98% | - | |
| Telecommunications Services | - | - | - | 1.98% | |
| Real Estate | 1.69% | - | - | - | |
| Real Estate | - | 1.69% | - | - | |
| Real Estate Investment Trusts | - | - | 1.30% | - | |
| Diversified REITs | - | - | - | 0.76% | |
| Retail REITs | - | - | - | 0.43% | |
| Residential REITs | - | - | - | 0.06% | |
| Office REITs | - | - | - | 0.05% | |
| Real Estate Investment & Services | - | - | 0.39% | - | |
| Real Estate Holding and Development | - | - | - | 0.39% | |
| Technology | 0.75% | - | - | - | |
| Technology | - | 0.75% | - | - | |
| Software & Computer Services | - | - | 0.75% | - | |
| Consumer Digital Services | - | - | - | 0.75% | |
| Cash and Equivalents | 0.68% | - | - | - | |
Regional Allocation
| UK | 75.97% | |
| Developed Europe - Excl UK | 9.16% | |
| North America | 7.22% | |
| Non-Classified | 5.24% | |
| Property | 1.25% | |
| Cash and Equivalents | 0.68% | |
| Developed Asia | 0.23% | |
| Australia & New Zealand | 0.15% | |
| Middle East & Africa | 0.11% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 75.58% | |
| Pound Sterling | 23.19% | |
| US Dollar | 1.03% | |
| Cash | 0.20% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 75.97% | - | |
United Kingdom
|
- | 74.86% | |
Isle of Man
|
- | 0.66% | |
Guernsey
|
- | 0.44% | |
| Developed Europe - Excl UK | 9.16% | - | |
Germany
|
- | 2.14% | |
France
|
- | 2.05% | |
Netherlands
|
- | 1.47% | |
Spain
|
- | 0.73% | |
Luxembourg
|
- | 0.66% | |
Switzerland
|
- | 0.51% | |
Sweden
|
- | 0.51% | |
Ireland
|
- | 0.43% | |
Belgium
|
- | 0.37% | |
Norway
|
- | 0.29% | |
| North America | 7.22% | - | |
United States
|
- | 5.92% | |
Canada
|
- | 0.72% | |
Bermuda
|
- | 0.57% | |
| Non-Classified | 5.24% | - | |
| Property | 1.25% | - | |
| Cash and Equivalents | 0.68% | - | |
| Developed Asia | 0.23% | - | |
Hong Kong
|
- | 0.23% | |
| Australia & New Zealand | 0.15% | - | |
Australia
|
- | 0.15% | |
| Middle East & Africa | 0.11% | - | |
United Arab Emirates
|
- | 0.11% | |
Breakdown By Market Cap (%)
| Mega |
|
25.98% |
| Large |
|
9.82% |
| Medium |
|
9.56% |
| Small |
|
4.88% |
| Micro |
|
1.28% |
| Non-Classified |
|
23.59% |
| Bonds |
|
24.22% |
| Cash |
|
0.68% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
18.11% |
| 5Yr - 10Yr Maturity |
|
4.89% |
| 10Yr - 15Yr Maturity |
|
0.89% |
| > 15Yr Maturity |
|
0.33% |
| Cash And Equivalents |
|
0.68% |
| Unknown Maturity |
|
2.31% |
| Other Asset Types |
|
72.79% |
Fixed Interest Quality Profile
| AAA |
|
1.55% |
| AA |
|
3.85% |
| A |
|
7.79% |
| BBB |
|
7.77% |
| Sub-Investment Grade |
|
0.48% |
| Unknown Quality |
|
2.78% |
| Cash and Equivalents |
|
0.68% |
| Other Asset Types |
|
75.10% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BP | 5.76% | Non-Renewable Energy | United Kingdom |
| 2 | HSBC HOLDINGS | 4.97% | Banks | United Kingdom |
| 3 | GSK | 4.01% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | ASTRAZENECA | 3.38% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | RIO TINTO | 3.37% | Industrial Metals & Mining | United Kingdom |
| 6 | BRITISH AMERICAN TOBACCO | 3.14% | Tobacco | United Kingdom |
| 7 | IMPERIAL BRANDS | 2.80% | Tobacco | United Kingdom |
| 8 | NATIONAL GRID | 2.54% | Gas, Water & Multi-utilities | United Kingdom |
| 9 | SHELL | 2.44% | Non-Renewable Energy | United Kingdom |
| 10 | PHOENIX GROUP HLDGS | 1.89% | Life Insurance | United Kingdom |
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 | B70D579 |
| Mex Code | - |
| Isin Code | GB00B70D5799 |
| Citi Code | 0ZDM |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
Aims and Benchmark
| Aims | 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% FTSE Actuaries UK Conventional Gilts All Stocks Index. |
| Benchmark | 70% FTSE All-Share Index, 30% FTSE Actuaries UK Conventional Gilts All Stocks Index |
| Benchmark Category | Target |
| IA Sector | UK Equity & Bond Income |
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 | Quarterly |
| 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 | 1.24 |
| Beta | 0.76 |
| Sharpe | 0.05 |
| Standard Deviation | 9.91 |
| 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
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.