M&G Global Government Bond Class I GBP Inc

Essentials Portfolio Analysis Background Data 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 5.5% -0.9% -3.2% -2.2% -2.1%
Sector 7.7% -4.3% -3.1% -3.2% -1.9%
Rank 14/18 9/20 10/21 3/21 11/21
Quartile 4 2 2 1 2

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund -2.5% -0.6% 3.1%
Sector -2.7% -1.1% 1.5%
Rank 5/21 6/18 1/14
Quartile 1 2 1

Top 10 Holdings

Stock % Weight
3½% Treasury Gilt 2025 3.70
TREASURY NOTE 4.125% 15/11/2032 3.67
TREASURY (CPI) NOTE 2.375% 15/01/2027 3.60
TREASURY BOND 3.375% 15/08/2042 3.60
GERMANY (FEDERAL REPUBLIC OF) 2.5% 13/03/2025 3.16
GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 3.15
TREASURY BOND 3% 15/11/2044 2.85
TREASURY NOTE 0.25% 15/06/2024 2.72
CANADA (GOVERNMENT OF) 3.75% 01/02/2025 2.39
NEW ZEALAND (GOVERNMENT OF) 0.5% 15/05/2026 2.38
Total 31.21

Fund Aims

The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA Global Government Bond sector over any five-year period.

Fund Manager

Eva Sun-Wai manager for 3 years and 3 months

Photo of Eva Sun-Wai Eva Sun-Wai became the lead manager on the Global Government Bond strategy and deputy manager on the Global Macro Bond strategy in January 2021. Since September 2019, Eva had been a junior macro fund manager in the Wholesale Fixed Income team, where her role involved implementing macroeconomic trade ideas in the Global Macro Bond and the Absolute Return Bond strategies. She joined M&G in 2018 on the Investment Graduate Scheme, rotating across several business areas including emerging market debt, corporate credit research, real estate and long-term investment strategy. Before joining M&G, she worked on passive products and ETF strategies as a summer intern at State Street Global Advisors. Eva has a BSc (Hons) Economics degree from the University of Birmingham, has obtained the IMC and Financial Services Level 6 qualifications and is a Level 2 candidate in the CFA Program.

Fund Overview

Mid (26/04/2024) 888.73p
Distribution yield 4.30%
Underlying yield 3.80%
Fund size (31/03/2024) £92.25m
Number of holdings 231
Entry Charge 0.00%
Ongoing Charges 0.50%
Launch date 04/10/1999

Asset Allocation

pie chart
  International Bonds 85.98%
  Alternative Trading Strategies 17.92%
  UK Gilts 9.21%
  UK Corporate Bonds 0.01%
  Cash and Equivalents -15.66%
  Other Assets 2.55%
Portfolio data accurate as at: 31/03/24

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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
  International Bonds 85.98%
  Alternative Trading Strategies 17.92%
  UK Gilts 9.21%
  UK Corporate Bonds 0.01%
  Cash and Equivalents -15.66%
  Other Assets 2.55%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 95.20% - - -
 
 Alternative Trading Strategies 17.92% - - -
 
 Alternative Trading Strategies - 17.92% - -
 
 Alternative Trading Strategies - - 17.92% -
 
 Alternative Trading Strategies - - - 17.92%
 
 Non-Classified 2.55% - - -
 
 Cash and Equivalents -15.66% - - -

Regional Allocation

pie chart
  North America 26.96%
  Developed Europe - Excl UK 23.89%
  Non-Classified 20.54%
  South & Central America 12.76%
  UK 9.22%
  Emerging Asia 7.08%
  Australia & New Zealand 6.33%
  Emerging Europe 3.86%
  Middle East & Africa 3.16%
  Other Regions -13.79%

Fixed Interest Currencies

pie chart
  US Dollar 30.20%
  Euro 26.13%
  Non-Fixed Interest Assets 20.47%
  Pound Sterling 9.73%
  New Zealand Dollar 4.59%
  Canadian Dollar 2.39%
  Other Currencies 6.49%

Regional Breakdown

Expand allCollapse all
Region Country
 
 North America 26.96% -
 
 United States - 24.56%
 
 Canada - 2.40%
 
 Developed Europe - Excl UK 23.89% -
 
 Germany - 12.91%
 
 France - 3.13%
 
 Italy - 2.46%
 
 Norway - 1.98%
 
 Belgium - 1.19%
 
 Netherlands - 0.93%
 
 Austria - 0.69%
 
 Spain - 0.58%
 
 Sweden - 0.02%
 
 Non-Classified 20.54% -
 
 South & Central America 12.76% -
 
 Mexico - 3.53%
 
 Colombia - 2.13%
 
 Uruguay - 1.86%
 
 Brazil - 1.56%
 
 Peru - 1.29%
 
 Paraguay - 0.97%
 
 Argentina - 0.96%
 
 Chile - 0.46%
 
 UK 9.22% -
 
 United Kingdom - 9.22%
 
 Emerging Asia 7.08% -
 
 Viet Nam - 2.88%
 
 Indonesia - 2.21%
 
 Philippines - 0.80%
 
 Malaysia - 0.78%
 
 Thailand - 0.40%
 
 South Korea - 0.00%
 
 Australia & New Zealand 6.33% -
 
 New Zealand - 4.59%
 
 Australia - 1.74%
 
 Emerging Europe 3.86% -
 
 Romania - 1.01%
 
 Serbia - 0.72%
 
 Croatia - 0.57%
 
 Ukraine - 0.57%
 
 Bulgaria - 0.52%
 
 Hungary - 0.47%
 
 Middle East & Africa 3.16% -
 
 South Africa - 1.20%
 
 Morocco - 0.85%
 
 Qatar - 0.78%
 
 Nigeria - 0.33%
 
 Japan 1.87% -
 
 Japan - 1.87%
 
 Cash and Equivalents -15.66% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
42.48%
5Yr - 10Yr Maturity
 
 
22.08%
10Yr - 15Yr Maturity
 
 
7.73%
> 15Yr Maturity
 
 
22.90%
Cash And Equivalents
 
-15.66%
Unknown Maturity
 
 
2.55%
Other Asset Types
 
 
17.92%

Fixed Interest Quality Profile

AAA
 
 
41.18%
AA
 
 
9.79%
A
 
 
2.64%
BBB
 
 
12.25%
Sub-Investment Grade
 
 
3.63%
Unknown Quality
 
 
25.71%
Cash and Equivalents
 
-15.66%
Other Asset Types
 
 
20.47%

Top 10 Holdings

Stock % Weight Sector Country
1 3½% Treasury Gilt 2025 3.70% Bonds United Kingdom
2 TREASURY NOTE 4.125% 15/11/2032 3.67% Bonds United States
3 TREASURY (CPI) NOTE 2.375% 15/01/2027 3.60% Bonds United States
4 TREASURY BOND 3.375% 15/08/2042 3.60% Bonds United States
5 GERMANY (FEDERAL REPUBLIC OF) 2.5% 13/03/2025 3.16% Bonds Germany
6 GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 3.15% Bonds Germany
7 TREASURY BOND 3% 15/11/2044 2.85% Bonds United States
8 TREASURY NOTE 0.25% 15/06/2024 2.72% Bonds United States
9 CANADA (GOVERNMENT OF) 3.75% 01/02/2025 2.39% Bonds Canada
10 NEW ZEALAND (GOVERNMENT OF) 0.5% 15/05/2026 2.38% Bonds New Zealand

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 B700F03
Mex Code -
Isin Code GB00B700F033
Citi Code 0ZEP

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.50%

Aims and Benchmark

Aims The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than the average return of the IA Global Government Bond sector over any five-year period.
Benchmark Bloomberg Global Treasury Index Unhedged USD
Benchmark Category Target
IA Sector Global Bonds

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 1

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 1 days
Settlement Period: Sell 1 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.