M&G UK Inflation Linked Corporate Bond Class PP GBP Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

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 n/a 4.7% 0.6% 2.5% 4.8%
Sector 1.9% 9.0% -4.8% -3.5% 5.5%
Rank 39/69 64/74 4/79 3/82 53/85
Quartile 3 4 1 1 3

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund 2.6% n/a n/a
Sector -1.0% 1.5% 2.4%
Rank 3/79 17/69 n/a
Quartile 1 1 n/a

Top 10 Holdings

Stock % Weight
2½% Index-linked Treasury Stock 2024 22.86
1¼% Index-linked Treasury Gilt 2027 20.70
⅛% Index-linked Treasury Gilt 2026 8.77
TESCO PLC 3.322% 05/11/2025 3.59
TREASURY (CPI) NOTE 0.375% 15/01/2027 2.44
DWR CYMRU (FINANCING) LTD 4.375% 31/03/2027 1.82
JPMORGAN CHASE & CO 26/04/2028 1.33
WELLS FARGO & COMPANY 26/04/2028 1.25
IMPERIAL BRANDS FINANCE PLC 5.5% 28/09/2026 1.16
ANGLIAN WATER SERVICES FINANCING P 3.666% 30/07/2024 1.06
Total 64.96

Fund Aims

The Fund aims to protect the value of capital and income from inflation by providing a total return (the combination of capital growth and income), net of the Ongoing Charge Figure, that is consistent with or higher than UK inflation (as measured by the UK Consumer Prices Index), over any three-year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall, and investors may not recoup the original amount they invested.

Fund Manager

Ben Lord manager for 13 years and 7 months

Photo of Ben Lord Ben Lord joined M&G in 2007 and was appointed fund manager of the M&G Global Corporate Bond Fund from launch in September 2013. He is also fund manager of the M&G UK Inflation Linked Corporate Bond Fund and deputy manager of the M&G European Inflation Linked Corporate Bond Fund, the M&G Strategic Corporate Bond Fund, the M&G Corporate Bond Fund and the M&G Short Dated Corporate Bond Fund. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.

Fund Overview

Mid (03/05/2024) 109.11p
Distribution yield 1.16%
Underlying yield 0.83%
Fund size (31/03/2024) £567.14m
Number of holdings 254
Entry Charge 0.00%
Ongoing Charges 0.33%
Launch date 16/09/2010

Asset Allocation

pie chart
  Alternative Trading Strategies 83.84%
  UK Gilts 52.53%
  International Bonds 27.72%
  UK Corporate Bonds 13.08%
  Money Market 0.04%
  Cash and Equivalents -81.28%
  Other Assets 4.07%
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
  Alternative Trading Strategies 83.84%
  UK Gilts 52.53%
  International Bonds 27.72%
  UK Corporate Bonds 13.08%
  Money Market 0.04%
  Cash and Equivalents -81.28%
  Other Assets 4.07%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 93.33% - - -
 
 Alternative Trading Strategies 83.84% - - -
 
 Alternative Trading Strategies - 83.84% - -
 
 Alternative Trading Strategies - - 83.84% -
 
 Alternative Trading Strategies - - - 83.84%
 
 Non-Classified 4.07% - - -
 
 Cash and Equivalents -81.24% - - -

Regional Allocation

pie chart
  Non-Classified 91.61%
  UK 65.62%
  Developed Europe - Excl UK 12.25%
  North America 11.64%
  South & Central America 0.13%
  Cash and Equivalents -81.24%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 87.95%
  Pound Sterling 72.80%
  US Dollar 14.32%
  Euro 6.21%
  Cash -81.28%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Non-Classified 91.61% -
 
 UK 65.62% -
 
 United Kingdom - 65.62%
 
 Developed Europe - Excl UK 12.25% -
 
 Spain - 2.39%
 
 Luxembourg - 2.33%
 
 France - 2.08%
 
 Switzerland - 1.36%
 
 Sweden - 1.21%
 
 Denmark - 1.06%
 
 Netherlands - 0.58%
 
 Norway - 0.37%
 
 Germany - 0.29%
 
 Austria - 0.16%
 
 Italy - 0.15%
 
 Iceland - 0.14%
 
 Ireland - 0.14%
 
 North America 11.64% -
 
 United States - 11.64%
 
 South & Central America 0.13% -
 
 Mexico - 0.13%
 
 Cash and Equivalents -81.24% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
87.29%
5Yr - 10Yr Maturity
 
 
4.52%
10Yr - 15Yr Maturity
 
 
1.06%
> 15Yr Maturity
 
 
0.46%
Cash And Equivalents
 
-81.24%
Unknown Maturity
 
 
4.07%
Other Asset Types
 
 
83.84%

Fixed Interest Quality Profile

AAA
 
 
3.21%
AA
 
 
53.07%
A
 
 
19.00%
BBB
 
 
14.15%
Sub-Investment Grade
 
 
0.45%
Unknown Quality
 
 
3.46%
Cash and Equivalents
 
-81.24%
Other Asset Types
 
 
87.91%

Top 10 Holdings

Stock % Weight Sector Country
1 2½% Index-linked Treasury Stock 2024 22.86% Bonds United Kingdom
2 1¼% Index-linked Treasury Gilt 2027 20.70% Bonds United Kingdom
3 ⅛% Index-linked Treasury Gilt 2026 8.77% Bonds United Kingdom
4 TESCO PLC 3.322% 05/11/2025 3.59% Bonds United Kingdom
5 TREASURY (CPI) NOTE 0.375% 15/01/2027 2.44% Bonds United States
6 DWR CYMRU (FINANCING) LTD 4.375% 31/03/2027 1.82% Bonds Non-Classified
7 JPMORGAN CHASE & CO 26/04/2028 1.33% Bonds United States
8 WELLS FARGO & COMPANY 26/04/2028 1.25% Non-Classified Non-Classified
9 IMPERIAL BRANDS FINANCE PLC 5.5% 28/09/2026 1.16% Bonds United Kingdom
10 ANGLIAN WATER SERVICES FINANCING P 3.666% 30/07/2024 1.06% Bonds Non-Classified

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 BK7XXZ7
Mex Code -
Isin Code GB00BK7XXZ77
Citi Code QGNW

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.33%

Aims and Benchmark

Aims The Fund aims to protect the value of capital and income from inflation by providing a total return (the combination of capital growth and income), net of the Ongoing Charge Figure, that is consistent with or higher than UK inflation (as measured by the UK Consumer Prices Index), over any three-year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall, and investors may not recoup the original amount they invested.
Benchmark UK Consumer Prices Index
Benchmark Category Target
IA Sector £ Strategic Bond

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
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 5

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.