M&G Global Macro Bond Class PP GBP Acc

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 11.5% -3.4% -0.9% -1.3% -3.4%
Sector 2.0% 4.2% -3.0% -3.2% 3.7%
Rank 2/73 77/79 11/85 17/91 88/90
Quartile 1 4 1 1 4

Annualised performance

Annualised
3 Years to
31/03/24
5 Years to
31/03/24
10 Years to
31/03/24
Fund -1.9% 0.4% 3.1%
Sector -0.9% 0.7% 2.4%
Rank 50/84 45/72 4/39
Quartile 3 3 1

Top 10 Holdings

Stock % Weight
TREASURY (CPI) NOTE 2.375% 15/01/2027 5.70
TREASURY BOND 3% 15/11/2044 4.34
TREASURY NOTE 4.125% 15/11/2032 3.62
TREASURY BOND 3.375% 15/08/2042 3.35
TREASURY (CPI) NOTE 0.75% 15/02/2045 2.58
GERMANY (FEDERAL REPUBLIC OF) 2.5% 13/03/2025 2.16
GERMANY (GOVERNMENT OF) 0.1% 15/04/2026 1.79
GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/04/2030 1.77
AUSTRALIA (COMMONWEALTH OF) 1.75% 21/06/2051 1.71
TREASURY NOTE 0.25% 15/06/2024 1.66
Total 28.68

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 Mixed Bond Sector over any five-year period.

Fund Manager

Jim Leaviss manager for 24 years and 6 months

Photo of Jim Leaviss Jim Leaviss is Head of Retail Fixed Interest for M&G’s mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. He is also deputy manager of the M&G Gilt and Fixed Interest Income Fund, the M&G Index-Linked Bond Fund and the M&G UK Inflation Linked Corporate Bond Fund.

Fund Overview

Mid (26/04/2024) 99.30p
Distribution yield 3.99%
Underlying yield 3.99%
Fund size (31/03/2024) £1406.15m
Number of holdings 356
Entry Charge 0.00%
Ongoing Charges 0.53%
Launch date 15/10/1999

Asset Allocation

pie chart
  International Bonds 82.07%
  Cash and Equivalents 11.37%
  UK Gilts 6.27%
  UK Corporate Bonds 3.82%
  Alternative Trading Strategies -9.31%
  Other Assets 5.78%
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 82.07%
  Cash and Equivalents 11.37%
  UK Gilts 6.27%
  UK Corporate Bonds 3.82%
  Alternative Trading Strategies -9.31%
  Other Assets 5.78%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 92.16% - - -
 
Cash and Equivalents 11.37% - - -
 
Non-Classified 5.78% - - -
 
Alternative Trading Strategies -9.31% - - -
 
Alternative Trading Strategies - -9.31% - -
 
Alternative Trading Strategies - - -9.31% -
 
Alternative Trading Strategies - - - -9.31%

Regional Allocation

pie chart
  North America 33.80%
  Developed Europe - Excl UK 22.99%
  Cash and Equivalents 11.37%
  South & Central America 11.32%
  UK 10.09%
  Australia & New Zealand 4.59%
  Emerging Asia 3.71%
  Emerging Europe 2.32%
  Middle East & Africa 1.23%
  Other Regions -1.41%

Fixed Interest Currencies

pie chart
  US Dollar 31.71%
  Euro 22.12%
  Pound Sterling 14.07%
  Cash 11.37%
  New Zealand Dollar 2.86%
  Mexican Peso 2.67%
  Other Currencies 15.20%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 33.80% -
 
United States - 32.54%
 
Canada - 1.26%
 
Developed Europe - Excl UK 22.99% -
 
Germany - 7.63%
 
France - 3.97%
 
Norway - 2.24%
 
Spain - 2.04%
 
Italy - 2.04%
 
Belgium - 1.62%
 
Netherlands - 1.61%
 
Luxembourg - 1.07%
 
Ireland - 0.48%
 
Switzerland - 0.26%
 
Sweden - 0.02%
 
Cash and Equivalents 11.37% -
 
South & Central America 11.32% -
 
Mexico - 3.34%
 
Brazil - 1.99%
 
Peru - 1.98%
 
Colombia - 1.32%
 
Uruguay - 1.21%
 
Paraguay - 0.51%
 
Dominican Republic - 0.46%
 
Chile - 0.42%
 
Argentina - 0.10%
 
UK 10.09% -
 
United Kingdom - 10.09%
 
Australia & New Zealand 4.59% -
 
New Zealand - 2.86%
 
Australia - 1.73%
 
Emerging Asia 3.71% -
 
Indonesia - 2.50%
 
Philippines - 0.64%
 
Malaysia - 0.56%
 
South Korea - 0.01%
 
Emerging Europe 2.32% -
 
Romania - 1.06%
 
Serbia - 0.44%
 
Bulgaria - 0.43%
 
Croatia - 0.28%
 
Ukraine - 0.11%
 
Middle East & Africa 1.23% -
 
South Africa - 1.23%
 
Japan 0.94% -
 
Japan - 0.94%
 
Non-Classified -2.35% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
35.14%
5Yr - 10Yr Maturity
 
 
23.85%
10Yr - 15Yr Maturity
 
 
7.35%
> 15Yr Maturity
 
 
25.82%
Cash And Equivalents
 
 
11.37%
Unknown Maturity
 
 
5.78%
Other Asset Types
 
-9.31%

Fixed Interest Quality Profile

AAA
 
 
37.36%
AA
 
 
7.60%
A
 
 
8.77%
BBB
 
 
18.21%
Sub-Investment Grade
 
 
3.35%
Unknown Quality
 
 
16.86%
Cash and Equivalents
 
 
11.37%
Other Asset Types
 
-3.53%

Top 10 Holdings

Stock % Weight Sector Country
1 TREASURY (CPI) NOTE 2.375% 15/01/2027 5.70% Bonds United States
2 TREASURY BOND 3% 15/11/2044 4.34% Bonds United States
3 TREASURY NOTE 4.125% 15/11/2032 3.62% Bonds United States
4 TREASURY BOND 3.375% 15/08/2042 3.35% Bonds United States
5 TREASURY (CPI) NOTE 0.75% 15/02/2045 2.58% Bonds United States
6 GERMANY (FEDERAL REPUBLIC OF) 2.5% 13/03/2025 2.16% Bonds Germany
7 GERMANY (GOVERNMENT OF) 0.1% 15/04/2026 1.79% Bonds Germany
8 GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/04/2030 1.77% Bonds Germany
9 AUSTRALIA (COMMONWEALTH OF) 1.75% 21/06/2051 1.71% Bonds Australia
10 TREASURY NOTE 0.25% 15/06/2024 1.66% Bonds United States

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 BG086V8
Mex Code -
Isin Code GB00BG086V89
Citi Code Q4R4

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.53%

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 Mixed Bond Sector over any five-year period.
Benchmark Bloomberg Global Aggregate 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 Annually
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 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.