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Contact details

ManagerGroupLogo
M&G Group, Laurence Pountney Hill, London, EC4R 0HH
0800 328 3196 (Dealing)
20 7626 4588 (Enquiries)
0870 043 4200 (Fax Number)
0800 328 3191 (IFA Support)
0800 390 390 (Main Number)

info@mandg.co.uk

Fund managers

* Mike Riddell01-Feb-2014 to Present
 
view    
Jim Leaviss»30-Apr-1998 to Present


Investment objectives

The Fund is designed to provide a secure income with stability of capital consistent with investment in gilts over a rolling three to five 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.

Key Information

Fund vs sector

  1y 3y
Position 34 / 39 32 / 37
Quartile 4 4

Fund ratings

BronzeMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 3.78 4.38
Alpha -0.79 -0.51
Beta 0.77 0.80
Sharpe 0.00 0.00
Info Ratio -1.62 -0.80
R2 0.98 0.95
Quartiles:   1  2  3  4   help with ratios
vs. UK Gilts»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +5.3+6.9+24.2-2.0+3.6+9.4+6.2
  UK GILTS   +7.7+11.3+28.7-2.1+5.6+9.6+5.5
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G GILT & FIXED INTEREST INCOME I ACC GBP ACC 1017.53 (p) 20-Oct-2014 1.31 0.66% 0ZDP B734BY8
pdf M&G GILT & FIXED INTEREST INCOME I INC GBP INC 995.83 (p) 20-Oct-2014 1.31 0.66% 0ZDQ B7454D0
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G GILT & FIXED INTEREST INCOME A INC GBP INC 87.79 (p) 20-Oct-2014 1.07 0.91% MG15 3110780
pdf M&G GILT & FIXED INTEREST INCOME A ACC GBP ACC 480.21 (p) 20-Oct-2014 1.07 0.91% MG45 3110843

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£715.6m / $1,154.3m (31-Aug-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch09-Dec-1980
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:00 to 18:00
Minimum initial£ 500
Minimum additional£ 100
Initial charge0.00%
Annual management charge0.75%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policyMar 01, Jun 01 (Final), Sep 01, Dec 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Fixed Interest Government UK Gilts
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
TREASURY 5% GILT 07/03/18 GBP 17.21 1 - *
TREASURY 3.5% GILT 22/01/45 GBP 14.22 2 - *
TREASURY 4.75% GILT 07/09/15 GBP 12.79 3 - *
WAR 3 1/2% LN 9.00 4 - *
TREASURY 8% GILT 2021 6.10 5 - *
TREASURY 4.25% GILT 07/03/36 GBP0.01 5.30 6 - *
TREASURY 1.25% GILT 22/7/18 GBP 4.92 7 - *
TREASURY 1.25% IDX-LKD GILT 2017 3.47 8 - *
TREASURY 4.75% GILT 2020 3.27 9 - *
NETWORK RAIL INFRASTRUCTURE FINANCE BDS 18/02/16 GBP1000000 2.85 10 - -
Total79.13 
Regional weightings, 31-Aug-2014
Region(%)Rank 
UK94.441 94.44% UK
Supranational2.602 2.60% Supranational
Finland1.403 1.40% Finland
Norway0.704 0.70% Norway
Germany0.465 0.46% Germany
Cash0.406 0.40% Cash
Total100.00 
Sector weightings, 31-Aug-2014
Sector(%)Rank 
Sovereign88.641 88.64% Sovereign
Supranational8.702 8.70% Supranational
Services1.753 1.75% Services
Securitised0.514 0.51% Securitised
Cash0.405 0.40% Cash
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Asset allocation

Government bonds, 88.65%
88.6500% ofGovernment bonds
Investment grade bonds, 10.95%
10.9500% ofInvestment grade bonds
Cash, 0.40%
0.4000% ofCash

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