M&G UK Income Distribution Class I GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
31/07/24 to 31/07/25 |
|
|---|---|---|---|---|---|
| Fund | 22.9% | 1.6% | 1.0% | 12.3% | 10.1% |
| Sector | 19.5% | -4.2% | 1.9% | 10.2% | 8.3% |
| Rank | 47/124 | 23/137 | 97/147 | 46/154 | 52/161 |
| Quartile | 2 | 1 | 3 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/25 |
5 Years to 31/07/25 |
10 Years to 31/07/25 |
||
| Fund | 7.7% | 9.3% | 5.5% | |
| Sector | 6.7% | 6.8% | 6.0% | |
| Rank | 63/147 | 25/124 | 63/84 | |
| Quartile | 2 | 1 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HSBC HOLDINGS | 5.93 |
| BRITISH AMERICAN TOBACCO P.L.C. | 5.42 |
| IMPERIAL BRANDS | 3.80 |
| BP P.L.C. | 3.51 |
| ASTRAZENECA | 2.99 |
| SHELL | 2.93 |
| GSK | 2.88 |
| RIO TINTO | 2.84 |
| AVIVA | 2.57 |
| LLOYDS BANKING GROUP | 2.39 |
| Total | 35.26 |
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 (21/08/2025) | 1258.00p |
| Historic yield | 5.45% |
| Fund size (31/07/2025) | £443.58m |
| Number of holdings | 180 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.70% |
| Launch date | 19/11/1973 |
Asset Allocation
| UK Equities | 68.19% | |
| International Bonds | 15.34% | |
| UK Corporate Bonds | 6.99% | |
| International Equities | 3.69% | |
| Property | 2.57% | |
| Investment Trusts | 1.22% | |
| UK Gilts | 1.07% | |
| Cash and Equivalents | 0.58% | |
| Other Assets | 0.36% |
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.
Asset Allocation
| UK Equities | 68.19% | |
| International Bonds | 15.34% | |
| UK Corporate Bonds | 6.99% | |
| International Equities | 3.69% | |
| Property | 2.57% | |
| Investment Trusts | 1.22% | |
| UK Gilts | 1.07% | |
| Cash and Equivalents | 0.58% | |
| Other Assets | 0.36% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 26.38% | - | - | - | |
| Banks | - | 11.15% | - | - | |
| Banks | - | - | 11.15% | - | |
| Banks | - | - | - | 11.15% | |
| Insurance | - | 9.51% | - | - | |
| Life Insurance | - | - | 7.77% | - | |
| Life Insurance | - | - | - | 7.77% | |
| Non-life Insurance | - | - | 1.74% | - | |
| Property & Casualty Insurance | - | - | - | 1.36% | |
| Reinsurance | - | - | - | 0.38% | |
| Financial Services | - | 5.72% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.16% | - | |
| Asset Managers & Custodians | - | - | - | 2.31% | |
| Investment Services | - | - | - | 0.85% | |
| Finance & Credit Services | - | - | 1.34% | - | |
| Mortgage Finance | - | - | - | 0.88% | |
| Consumer Lending | - | - | - | 0.46% | |
| Equity Investment Instruments | - | - | 1.22% | - | |
| Equity Investment Instruments | - | - | - | 1.22% | |
| Bonds | 24.40% | - | - | - | |
| Consumer Staples | 10.87% | - | - | - | |
| Food, Beverage & Tobacco | - | 9.21% | - | - | |
| Tobacco | - | - | 9.21% | - | |
| Tobacco | - | - | - | 9.21% | |
| Personal Care, Drug & Grocery Stores | - | 1.65% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.65% | - | |
| Nondurable Household Products | - | - | - | 0.86% | |
| Personal Products | - | - | - | 0.79% | |
| Energy | 7.24% | - | - | - | |
| Energy | - | 7.24% | - | - | |
| Non-Renewable Energy | - | - | 7.24% | - | |
| Integrated Oil & Gas | - | - | - | 6.45% | |
| Oil: Crude Producers | - | - | - | 0.80% | |
| Consumer Discretionary | 6.73% | - | - | - | |
| Media | - | 2.65% | - | - | |
| Media | - | - | 2.65% | - | |
| Media Agencies | - | - | - | 1.24% | |
| Radio & TV Broadcasters | - | - | - | 0.84% | |
| Publishing | - | - | - | 0.57% | |
| Retail | - | 1.95% | - | - | |
| Retailers | - | - | 1.95% | - | |
| Home Improvement Retailers | - | - | - | 1.17% | |
| Diversified Retailers | - | - | - | 0.47% | |
| Specialty Retailers | - | - | - | 0.31% | |
| Consumer Products & Services | - | 1.30% | - | - | |
| Household Goods & Home Construction | - | - | 1.01% | - | |
| Home Construction | - | - | - | 1.01% | |
| Personal Goods | - | - | 0.29% | - | |
| Clothing & Accessories | - | - | - | 0.29% | |
| Travel & Leisure | - | 0.83% | - | - | |
| Travel & Leisure | - | - | 0.83% | - | |
| Casinos & Gambling | - | - | - | 0.62% | |
| Recreational Services | - | - | - | 0.21% | |
| Health Care | 5.86% | - | - | - | |
| Health Care | - | 5.86% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.86% | - | |
| Pharmaceuticals | - | - | - | 5.86% | |
| Basic Materials | 4.76% | - | - | - | |
| Basic Resources | - | 4.37% | - | - | |
| Industrial Metals & Mining | - | - | 3.80% | - | |
| General Mining | - | - | - | 3.80% | |
| Industrial Materials | - | - | 0.57% | - | |
| Paper | - | - | - | 0.57% | |
| Chemicals | - | 0.39% | - | - | |
| Chemicals | - | - | 0.39% | - | |
| Specialty Chemicals | - | - | - | 0.39% | |
| Utilities | 4.48% | - | - | - | |
| Utilities | - | 4.48% | - | - | |
| Electricity | - | - | 2.96% | - | |
| Conventional Electricity | - | - | - | 2.96% | |
| Gas, Water & Multi-utilities | - | - | 1.52% | - | |
| Water | - | - | - | 1.52% | |
| Real Estate | 2.70% | - | - | - | |
| Real Estate | - | 2.70% | - | - | |
| Real Estate Investment Trusts | - | - | 2.57% | - | |
| Diversified REITs | - | - | - | 1.21% | |
| Health Care REITs | - | - | - | 0.50% | |
| Retail REITs | - | - | - | 0.43% | |
| Industrial REITs | - | - | - | 0.36% | |
| Residential REITs | - | - | - | 0.06% | |
| Real Estate Investment & Services | - | - | 0.13% | - | |
| Real Estate Holding and Development | - | - | - | 0.13% | |
| Industrials | 2.67% | - | - | - | |
| Industrial Goods & Services | - | 1.95% | - | - | |
| Industrial Support Services | - | - | 0.88% | - | |
| Professional Business Support Services | - | - | - | 0.67% | |
| Business Training & Employment Agencies | - | - | - | 0.21% | |
| Industrial Engineering | - | - | 0.63% | - | |
| Machinery: Specialty | - | - | - | 0.63% | |
| Industrial Transportation | - | - | 0.44% | - | |
| Marine Transportation | - | - | - | 0.44% | |
| Construction & Materials | - | 0.73% | - | - | |
| Construction & Materials | - | - | 0.73% | - | |
| Construction | - | - | - | 0.31% | |
| Engineering & Contracting Services | - | - | - | 0.27% | |
| Building Materials: Other | - | - | - | 0.14% | |
| Telecommunications | 1.94% | - | - | - | |
| Telecommunications | - | 1.94% | - | - | |
| Telecommunications Service Providers | - | - | 1.94% | - | |
| Telecommunications Services | - | - | - | 1.94% | |
| Technology | 1.03% | - | - | - | |
| Technology | - | 1.03% | - | - | |
| Software & Computer Services | - | - | 1.03% | - | |
| Consumer Digital Services | - | - | - | 0.55% | |
| Software | - | - | - | 0.48% | |
| Cash and Equivalents | 0.58% | - | - | - | |
| Non-Classified | 0.36% | - | - | - | |
| Non-Classified | - | 0.36% | - | - | |
| Non-Classified | - | - | 0.36% | - | |
| Non-Classified | - | - | - | 0.36% | |
Regional Allocation
| UK | 77.45% | |
| Developed Europe - Excl UK | 9.80% | |
| North America | 7.56% | |
| Property | 2.57% | |
| Non-Classified | 1.58% | |
| Cash and Equivalents | 0.58% | |
| South & Central America | 0.23% | |
| Australia & New Zealand | 0.12% | |
| Middle East & Africa | 0.12% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 76.03% | |
| Pound Sterling | 23.13% | |
| Cash | 0.58% | |
| US Dollar | 0.26% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 77.45% | - | |
United Kingdom
|
- | 76.25% | |
Isle of Man
|
- | 0.62% | |
Guernsey
|
- | 0.57% | |
| Developed Europe - Excl UK | 9.80% | - | |
Germany
|
- | 2.56% | |
Netherlands
|
- | 2.38% | |
Luxembourg
|
- | 1.52% | |
France
|
- | 1.42% | |
Sweden
|
- | 0.65% | |
Ireland
|
- | 0.62% | |
Spain
|
- | 0.39% | |
Switzerland
|
- | 0.26% | |
| North America | 7.56% | - | |
United States
|
- | 6.01% | |
Canada
|
- | 1.17% | |
Bermuda
|
- | 0.38% | |
| Property | 2.57% | - | |
| Non-Classified | 1.58% | - | |
| Cash and Equivalents | 0.58% | - | |
| South & Central America | 0.23% | - | |
Venezuela
|
- | 0.23% | |
| Australia & New Zealand | 0.12% | - | |
Australia
|
- | 0.12% | |
| Middle East & Africa | 0.12% | - | |
United Arab Emirates
|
- | 0.12% | |
Breakdown By Market Cap (%)
| Mega |
|
24.73% |
| Large |
|
12.91% |
| Medium |
|
7.18% |
| Small |
|
4.96% |
| Micro |
|
0.72% |
| Non-Classified |
|
25.54% |
| Bonds |
|
23.40% |
| Cash |
|
0.58% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
16.69% |
| 5Yr - 10Yr Maturity |
|
4.70% |
| 10Yr - 15Yr Maturity |
|
1.26% |
| > 15Yr Maturity |
|
0.74% |
| Cash And Equivalents |
|
0.58% |
| Other Asset Types |
|
76.03% |
Fixed Interest Quality Profile
| AAA |
|
2.75% |
| AA |
|
2.35% |
| A |
|
7.17% |
| BBB |
|
9.05% |
| Unknown Quality |
|
2.08% |
| Cash and Equivalents |
|
0.58% |
| Other Asset Types |
|
76.03% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HSBC HOLDINGS | 5.93% | Banks | United Kingdom |
| 2 | BRITISH AMERICAN TOBACCO P.L.C. | 5.42% | Tobacco | United Kingdom |
| 3 | IMPERIAL BRANDS | 3.80% | Tobacco | United Kingdom |
| 4 | BP P.L.C. | 3.51% | Non-Renewable Energy | United Kingdom |
| 5 | ASTRAZENECA | 2.99% | Pharmaceuticals & Biotechnology | United Kingdom |
| 6 | SHELL | 2.93% | Non-Renewable Energy | United Kingdom |
| 7 | GSK | 2.88% | Pharmaceuticals & Biotechnology | United Kingdom |
| 8 | RIO TINTO | 2.84% | Industrial Metals & Mining | United Kingdom |
| 9 | AVIVA | 2.57% | Life Insurance | United Kingdom |
| 10 | LLOYDS BANKING GROUP | 2.39% | Banks | 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 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 | B70D579 |
| Mex Code | - |
| Isin Code | GB00B70D5799 |
| Citi Code | 0ZDM |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.70% |
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 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.