Morningstar Fund Report  | 05/04/2025Print

M&G Asian Fund Sterling I Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
M&G Asian Fund Sterling I Acc
Fund7.51.43.518.5-0.3
+/-Cat6.39.53.88.73.1
+/-B’mrk15.37.01.47.91.9
 
Category: Asia-Pacific ex-Japan Equity
Category Benchmark: Morningstar APAC xJpn TME N...
Key Stats
NAV
04/04/2025		 GBX 2633.60
Day Change 0.19%
Morningstar Category™ Asia-Pacific ex-Japan Equity
IA (formerly IMA) Sector Asia Pacific Excluding Japan
ISIN GB00B6SQYF47
Fund Size (Mil)
04/04/2025		 GBP 561.79
Share Class Size (Mil)
04/04/2025		 GBP 206.53
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.60%
Investment Objective: M&G Asian Fund Sterling I Acc
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI AC Asia Pacific ex Japan Index over any five-year period. At least 80% of the Fund is invested directly in equity securities and equity-related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, or do most of their business in the Asia Pacific region (excluding Japan).
Returns
Trailing Returns (GBP)04/04/2025
YTD-2.42
3 Years Annualised5.89
5 Years Annualised12.61
10 Years Annualised6.51
12 Month Yield 2.29
Management
Manager Name
Start Date
David Perrett
02/12/2019
Inception Date
03/08/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC Asia Pac Ex JPN NR GBPMorningstar APAC xJpn TME NR USD
Portfolio Profile for  M&G Asian Fund Sterling I Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.380.0098.38
Bond0.060.000.06
Property0.000.000.00
Cash8.296.761.53
Other0.020.000.02
Top 5 Regions%
Asia - Emerging47.12
Asia - Developed40.90
Australasia8.75
United Kingdom2.78
Canada0.45
Top 5 Sectors%
Financial Services24.24
Consumer Cyclical19.55
Technology18.50
Communication Services11.78
Industrials7.39
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.49
Tencent Holdings LtdCommunication ServicesCommunication Services4.23
HDFC Bank LtdFinancial ServicesFinancial Services3.58
Amcor PLC Ordinary SharesConsumer CyclicalConsumer Cyclical2.71
Samsung Electronics Co LtdTechnologyTechnology2.69
Increase Decrease New since last portfolio
M&G Asian Fund Sterling I Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  M&G Asian Fund Sterling I Acc
Category:  Asia-Pacific ex-Japan Equity
Category Index:  Morningstar APAC xJpn TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.6615.448.077.541.433.5218.52-0.27
+/- Category-1.061.40-11.756.289.483.778.693.06
+/- Category Index---15.276.981.427.861.87
% Rank in Category53359416820211
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.19   2.832.33
1 Week-4.26   -0.26-0.69
1 Month-2.89   1.670.44
3 Months-3.15   3.061.19
6 Months-5.99   2.351.90
YTD-2.42   3.001.09
1 Year10.92   9.817.35
3 Years Annualised5.89   6.004.40
5 Years Annualised12.61   5.386.60
10 Years Annualised6.51   0.841.17
 
Category: Asia-Pacific ex-Japan Equity
Category Index: Morningstar APAC xJpn TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.27---
20243.297.796.49-0.03
20232.85-4.382.153.04
20220.36-2.26-3.286.91
20215.902.35-0.13-0.66
2020-21.6416.215.2912.71
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAbove Average5 star
5-YearHighAbove Average5 star
10-YearAbove AverageAbove Average3 star
Overall*HighAbove Average4 star
 
Category :  Asia-Pacific ex-Japan EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.69 %
3-Yr Mean Return8.58 %
 
3-Yr Sharpe Ratio0.27
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar APAC xJpn TME NR USD  Morningstar APAC xJpn TME NR USD
3-Yr Beta1.071.07
3-Yr Alpha5.345.34
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 34178-
Market Capitalisation% of Equity
Giant56.00
Large27.12
Medium15.34
Small1.45
Micro0.09
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings11.420.80
Price/Book1.180.68
Price/Sales1.410.75
Price/Cash Flow6.350.86
Dividend-Yield Factor4.101.35
 
Long-Term Projected Earnings Growth8.150.91
Historical Earnings Growth1.060.12
Sales Growth-0.75-0.28
Cash-Flow Growth-0.10-0.01
Book-Value Growth4.130.56
 
Category: Asia-Pacific ex-Japan Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.380.0098.38
Bond0.060.000.06
Property0.000.000.00
Cash8.296.761.53
Other0.020.000.02
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.451.00
Latin America0.000.00
United Kingdom2.783.08
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia8.750.51
Asia - Developed40.901.00
Asia - Emerging47.121.26
 
Category: Asia-Pacific ex-Japan Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.290.92
Consumer CyclicalConsumer Cyclical19.551.58
Financial ServicesFinancial Services24.240.96
Real EstateReal Estate6.442.33
Consumer DefensiveConsumer Defensive4.060.95
HealthcareHealthcare1.150.18
Communication ServicesCommunication Services11.781.39
EnergyEnergy2.581.70
IndustrialsIndustrials7.390.81
TechnologyTechnology18.500.76
 
Category: Asia-Pacific ex-Japan Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings79
Total Number of Bond Holdings0
Assets in Top 10 Holdings33.90
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.49
Tencent Holdings Ltd308China4.23
HDFC Bank Ltd103India3.58
Amcor PLC Ordinary Shares102United Kingdom2.71
Samsung Electronics Co Ltd311Korea, Republic Of2.69
Alibaba Group Holding Ltd Ordinary Sh... 102China2.60
AIA Group Ltd103Hong Kong2.44
KE Holdings Inc ADR104China2.25
Crystal International Group Ltd Ordin... 102Hong Kong2.03
PT Telkom Indonesia (Persero) Tbk Reg... 308Indonesia1.89
 
Increase Decrease New since last portfolio
Category: Asia-Pacific ex-Japan Equity
 
Management
Name of CompanyM&G Securities Ltd
Phone+44 (0)800 390 390
Websitewww.mandg.co.uk
Address10 Fenchurch Avenue
 London   EC3M 5AG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date03/08/2012
Fund Advisor(s)
M&G Investment Management Limited
Fund ManagerDavid Perrett
Manager Start Date02/12/2019
Career Start Year1991
Education
London School of Economics, B.S.
University of London, M.S.
 
Biography
David Perrett joined M&G as Co-Head of Asian Investment with three decades of investment experience and was appointed to the management teams of the Japan and wider Asian strategies. David was previously with Oxford-based Port Meadow Capital Management, a boutique investment firm he co-founded with Carl Vine in 2014. Prior to that, he was a Managing Director and Senior Portfolio Manager with UBS, specialising in investing capital across the Asia Pacific region and was based in Hong Kong. David also served as Chief Investment Officer, Life and Institutional for Prudential Asset Management (Hong Kong), having begun his career with Prudential (London) in 1991. David holds a Bachelor of Science, Economics from the London School of Economics and a Master of Science from the University of London.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.60%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes