Prudential M&G UK Income Distribution Bond Acc (ex M&G)
Performance
Discrete performance - to last month end
| 28/02/21 to 28/02/22 |
28/02/22 to 28/02/23 |
28/02/23 to 28/02/24 |
28/02/24 to 28/02/25 |
28/02/25 to 28/02/26 |
|
|---|---|---|---|---|---|
| Fund | 8.4% | 4.1% | -2.9% | 13.5% | 21.0% |
| Sector | 4.1% | -0.5% | 4.4% | 8.5% | 13.0% |
| Rank | 21/329 | 15/330 | 330/332 | 7/332 | 4/332 |
| Quartile | 1 | 1 | 4 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 28/02/26 |
5 Years to 28/02/26 |
10 Years to 28/02/26 |
||
| Fund | 10.1% | 8.5% | 6.6% | |
| Sector | 8.6% | 5.8% | 6.0% | |
| Rank | 62/332 | 11/329 | 112/316 | |
| Quartile | 1 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HSBC HOLDINGS | 7.52 |
| BRITISH AMERICAN TOBACCO P.L.C. | 5.31 |
| RIO TINTO | 3.95 |
| BP P.L.C. | 3.64 |
| IMPERIAL BRANDS | 3.40 |
| GSK | 3.30 |
| ASTRAZENECA | 3.22 |
| LLOYDS BANKING GROUP | 2.89 |
| ROYAL BANK OF SCOTLAND GROUP | 2.74 |
| SHELL | 2.72 |
| Total | 38.69 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund - the underlying fund.
Underlying Fund Objective: 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 (comprising 70% FTSE All-Share Index and 30% FTSE Actuaries UK Conventional Gilts All Stocks Index) over any five-year period. At least 70% of the fund is invested in UK company shares. It may also invest in investment grade government and corporate bonds denominated in sterling. The fund typically invests in a portfolio of high-yielding UK stocks, meaning it tends to have a bias towards out-of-favour, undervalued stocks. The fund's allocation to bonds is primarily aimed at reducing volatility, whilst providing an alternative stable source of income.
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
| Bid (17/03/2026) | 5872.10 |
| Offer (17/03/2026) | 6165.80 |
| Fund size (31/01/2026) | £47.19m |
| Underlying Fund size | £477.97m |
| Number of holdings | 172 |
| Launch date | 01/09/1976 |
Fund Charges
| Annual Management Charge (AMC) | 1.00% |
| Further Costs | 0.03% |
| Yearly Total | 1.03% |
Asset Allocation
| UK Equities | 69.16% | |
| International Bonds | 12.08% | |
| UK Corporate Bonds | 6.33% | |
| International Equities | 3.90% | |
| UK Gilts | 3.41% | |
| Property | 2.69% | |
| Investment Trusts | 1.45% | |
| Cash and Equivalents | 0.11% | |
| Other Assets | 0.88% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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.
Asset Allocation
| UK Equities | 69.16% | |
| International Bonds | 12.08% | |
| UK Corporate Bonds | 6.33% | |
| International Equities | 3.90% | |
| UK Gilts | 3.41% | |
| Property | 2.69% | |
| Investment Trusts | 1.45% | |
| Cash and Equivalents | 0.11% | |
| Other Assets | 0.88% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 28.77% | - | - | - | |
| Banks | - | 13.98% | - | - | |
| Banks | - | - | 13.98% | - | |
| Banks | - | - | - | 13.98% | |
| Insurance | - | 9.21% | - | - | |
| Life Insurance | - | - | 7.00% | - | |
| Life Insurance | - | - | - | 7.00% | |
| Non-life Insurance | - | - | 2.20% | - | |
| Property & Casualty Insurance | - | - | - | 1.67% | |
| Reinsurance | - | - | - | 0.53% | |
| Financial Services | - | 5.58% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.84% | - | |
| Asset Managers & Custodians | - | - | - | 2.13% | |
| Investment Services | - | - | - | 0.71% | |
| Equity Investment Instruments | - | - | 1.45% | - | |
| Equity Investment Instruments | - | - | - | 1.45% | |
| Finance & Credit Services | - | - | 1.30% | - | |
| Mortgage Finance | - | - | - | 0.89% | |
| Consumer Lending | - | - | - | 0.40% | |
| Bonds | 22.81% | - | - | - | |
| Consumer Staples | 10.40% | - | - | - | |
| Food, Beverage & Tobacco | - | 9.10% | - | - | |
| Tobacco | - | - | 8.71% | - | |
| Tobacco | - | - | - | 8.71% | |
| Food Producers | - | - | 0.39% | - | |
| Food Products | - | - | - | 0.39% | |
| Personal Care, Drug & Grocery Stores | - | 1.30% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.30% | - | |
| Nondurable Household Products | - | - | - | 0.73% | |
| Personal Products | - | - | - | 0.57% | |
| Energy | 6.98% | - | - | - | |
| Energy | - | 6.98% | - | - | |
| Non-Renewable Energy | - | - | 6.98% | - | |
| Integrated Oil & Gas | - | - | - | 6.36% | |
| Oil: Crude Producers | - | - | - | 0.62% | |
| Health Care | 6.51% | - | - | - | |
| Health Care | - | 6.51% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 6.51% | - | |
| Pharmaceuticals | - | - | - | 6.51% | |
| Basic Materials | 5.47% | - | - | - | |
| Basic Resources | - | 5.05% | - | - | |
| Industrial Metals & Mining | - | - | 4.66% | - | |
| General Mining | - | - | - | 4.37% | |
| Copper | - | - | - | 0.28% | |
| Industrial Materials | - | - | 0.40% | - | |
| Paper | - | - | - | 0.40% | |
| Chemicals | - | 0.41% | - | - | |
| Chemicals | - | - | 0.41% | - | |
| Specialty Chemicals | - | - | - | 0.41% | |
| Consumer Discretionary | 5.46% | - | - | - | |
| Media | - | 2.22% | - | - | |
| Media | - | - | 2.22% | - | |
| Radio & TV Broadcasters | - | - | - | 0.89% | |
| Media Agencies | - | - | - | 0.71% | |
| Publishing | - | - | - | 0.61% | |
| Retail | - | 1.57% | - | - | |
| Retailers | - | - | 1.57% | - | |
| Home Improvement Retailers | - | - | - | 0.78% | |
| Diversified Retailers | - | - | - | 0.67% | |
| Specialty Retailers | - | - | - | 0.12% | |
| Consumer Products & Services | - | 1.08% | - | - | |
| Household Goods & Home Construction | - | - | 1.08% | - | |
| Home Construction | - | - | - | 1.08% | |
| Travel & Leisure | - | 0.59% | - | - | |
| Travel & Leisure | - | - | 0.59% | - | |
| Casinos & Gambling | - | - | - | 0.34% | |
| Recreational Services | - | - | - | 0.24% | |
| Utilities | 4.44% | - | - | - | |
| Utilities | - | 4.44% | - | - | |
| Electricity | - | - | 3.11% | - | |
| Conventional Electricity | - | - | - | 3.11% | |
| Gas, Water & Multi-utilities | - | - | 1.33% | - | |
| Water | - | - | - | 1.33% | |
| Real Estate | 2.83% | - | - | - | |
| Real Estate | - | 2.83% | - | - | |
| Real Estate Investment Trusts | - | - | 2.69% | - | |
| Diversified REITs | - | - | - | 1.25% | |
| Retail REITs | - | - | - | 0.50% | |
| Health Care REITs | - | - | - | 0.50% | |
| Industrial REITs | - | - | - | 0.40% | |
| Residential REITs | - | - | - | 0.05% | |
| Real Estate Investment & Services | - | - | 0.14% | - | |
| Real Estate Holding and Development | - | - | - | 0.14% | |
| Industrials | 2.15% | - | - | - | |
| Industrial Goods & Services | - | 1.84% | - | - | |
| Industrial Support Services | - | - | 1.01% | - | |
| Professional Business Support Services | - | - | - | 0.75% | |
| Business Training & Employment Agencies | - | - | - | 0.26% | |
| Industrial Engineering | - | - | 0.83% | - | |
| Machinery: Specialty | - | - | - | 0.83% | |
| Construction & Materials | - | 0.31% | - | - | |
| Construction & Materials | - | - | 0.31% | - | |
| Engineering & Contracting Services | - | - | - | 0.21% | |
| Building Materials: Other | - | - | - | 0.10% | |
| Telecommunications | 1.92% | - | - | - | |
| Telecommunications | - | 1.92% | - | - | |
| Telecommunications Service Providers | - | - | 1.92% | - | |
| Telecommunications Services | - | - | - | 1.92% | |
| Non-Classified | 1.27% | - | - | - | |
| Non-Classified | - | 0.33% | - | - | |
| Non-Classified | - | - | 0.33% | - | |
| Non-Classified | - | - | - | 0.33% | |
| Technology | 0.88% | - | - | - | |
| Technology | - | 0.88% | - | - | |
| Software & Computer Services | - | - | 0.88% | - | |
| Consumer Digital Services | - | - | - | 0.47% | |
| Software | - | - | - | 0.41% | |
| Cash and Equivalents | 0.11% | - | - | - | |
Regional Allocation
| UK | 79.75% | |
| Developed Europe - Excl UK | 8.13% | |
| North America | 6.32% | |
| Property | 2.69% | |
| Non-Classified | 2.49% | |
| Australia & New Zealand | 0.30% | |
| South & Central America | 0.21% | |
| Cash and Equivalents | 0.11% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 78.07% | |
| Pound Sterling | 21.24% | |
| Euro | 0.35% | |
| US Dollar | 0.23% | |
| Cash | 0.11% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 79.75% | - | |
United Kingdom
|
- | 78.90% | |
Guernsey
|
- | 0.51% | |
Isle of Man
|
- | 0.34% | |
| Developed Europe - Excl UK | 8.13% | - | |
Netherlands
|
- | 1.97% | |
Germany
|
- | 1.61% | |
France
|
- | 1.50% | |
Luxembourg
|
- | 0.91% | |
Italy
|
- | 0.47% | |
Ireland
|
- | 0.43% | |
Spain
|
- | 0.37% | |
Denmark
|
- | 0.34% | |
Sweden
|
- | 0.31% | |
Switzerland
|
- | 0.24% | |
| North America | 6.32% | - | |
United States
|
- | 4.92% | |
Canada
|
- | 0.87% | |
Bermuda
|
- | 0.53% | |
| Property | 2.69% | - | |
| Non-Classified | 2.49% | - | |
| Australia & New Zealand | 0.30% | - | |
Australia
|
- | 0.30% | |
| South & Central America | 0.21% | - | |
Venezuela
|
- | 0.21% | |
| Cash and Equivalents | 0.11% | - | |
Breakdown By Market Cap (%)
| Mega |
|
27.25% |
| Large |
|
12.70% |
| Medium |
|
7.48% |
| Small |
|
3.82% |
| Micro |
|
0.73% |
| Non-Classified |
|
26.08% |
| Bonds |
|
21.82% |
| Cash |
|
0.11% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
13.24% |
| 5Yr - 10Yr Maturity |
|
5.31% |
| 10Yr - 15Yr Maturity |
|
1.87% |
| > 15Yr Maturity |
|
1.40% |
| Cash And Equivalents |
|
0.11% |
| Unknown Maturity |
|
0.54% |
| Other Asset Types |
|
77.53% |
Fixed Interest Quality Profile
| AAA |
|
1.73% |
| AA |
|
4.83% |
| A |
|
5.68% |
| BBB |
|
8.87% |
| Unknown Quality |
|
0.71% |
| Cash and Equivalents |
|
0.11% |
| Other Asset Types |
|
78.07% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HSBC HOLDINGS | 7.52% | Banks | United Kingdom |
| 2 | BRITISH AMERICAN TOBACCO P.L.C. | 5.31% | Tobacco | United Kingdom |
| 3 | RIO TINTO | 3.95% | Industrial Metals & Mining | United Kingdom |
| 4 | BP P.L.C. | 3.64% | Non-Renewable Energy | United Kingdom |
| 5 | IMPERIAL BRANDS | 3.40% | Tobacco | United Kingdom |
| 6 | GSK | 3.30% | Pharmaceuticals & Biotechnology | United Kingdom |
| 7 | ASTRAZENECA | 3.22% | Pharmaceuticals & Biotechnology | United Kingdom |
| 8 | LLOYDS BANKING GROUP | 2.89% | Banks | United Kingdom |
| 9 | ROYAL BANK OF SCOTLAND GROUP | 2.74% | Banks | United Kingdom |
| 10 | SHELL | 2.72% | Non-Renewable Energy | United Kingdom |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 | 0548931 |
| Mex Code | MGEYBA |
| Isin Code | GB0005489314 |
| Citi Code | MG90 |
Fund Charges
| Annual Management Charge (AMC) | 1.00% |
| Further Costs | 0.03% |
| Yearly Total | 1.03% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund - the underlying fund. Underlying Fund Objective: 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 (comprising 70% FTSE All-Share Index and 30% FTSE Actuaries UK Conventional Gilts All Stocks Index) over any five-year period. At least 70% of the fund is invested in UK company shares. It may also invest in investment grade government and corporate bonds denominated in sterling. The fund typically invests in a portfolio of high-yielding UK stocks, meaning it tends to have a bias towards out-of-favour, undervalued stocks. The fund's allocation to bonds is primarily aimed at reducing volatility, whilst providing an alternative stable source of income. |
| Benchmark | IA Flexible Investment sector |
| ABI Sector | Mixed Investment 40-85% Shares |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs 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
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
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 fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs 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 net 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.