Morningstar Fund Report  | 07/04/2025Print

M&G Global Government Bond Fund Sterling I Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
M&G Global Government Bond Fund Sterling I Acc
Fund-4.8-5.70.8-3.2-0.2
+/-Cat1.10.92.1-0.5-0.2
+/-B’mrk1.82.72.9-1.30.2
 
Category: Global Government Bond
Category Benchmark: Morningstar Gbl Trsy Bd GR USD
Key Stats
NAV
07/04/2025		 GBX 1218.83
Day Change 0.34%
Morningstar Category™ Global Government Bond
IA (formerly IMA) Sector Global Government Bond
ISIN GB00B7Q0Q826
Fund Size (Mil)
04/04/2025		 GBP 65.38
Share Class Size (Mil)
04/04/2025		 GBP 52.13
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.50%
Investment Objective: M&G Global Government Bond 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 the average return of the Bloomberg Global Treasury Index Unhedged USD over any five-year period. At least 70% of the Fund is invested, directly or indirectly through derivatives, in investment grade debt securities. These securities can be issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns, and supranational bodies from anywhere in the world, including Emerging Markets. These securities can be denominated in any currency.
Returns
Trailing Returns (GBP)07/04/2025
YTD1.89
3 Years Annualised-0.66
5 Years Annualised-1.68
10 Years Annualised2.12
12 Month Yield 4.02
Management
Manager Name
Start Date
Eva Sun-Wai
04/01/2021
Inception Date
03/08/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Bloomberg Global Treasury TR USDMorningstar Gbl Trsy Bd GR USD
Portfolio Profile for  M&G Global Government Bond Fund Sterling I Acc28/02/2025
Fixed Income
Effective Maturity-
Effective Duration7.37
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond77.350.0677.29
Property0.000.000.00
Cash67.3657.749.62
Other0.010.000.01
Growth Of 1000 (GBP) 31/03/2025
Fund:  M&G Global Government Bond Fund Sterling I Acc
Category:  Global Government Bond
Category Index:  Morningstar Gbl Trsy Bd GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return1.785.414.49-4.76-5.720.75-3.21-0.18
+/- Category-2.323.94-1.431.070.932.10-0.54-0.16
+/- Category Index-4.074.12-1.751.832.662.91-1.320.24
% Rank in Category891811526106743
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.34   -0.89-1.34
1 Week2.08   0.01-0.21
1 Month2.05   1.681.53
3 Months2.36   1.701.56
6 Months1.33   0.57-0.44
YTD1.89   0.390.49
1 Year1.64   0.23-0.33
3 Years Annualised-0.66   1.171.65
5 Years Annualised-1.68   1.532.56
10 Years Annualised2.12   1.211.01
 
Category: Global Government Bond
Category Index: Morningstar Gbl Trsy Bd GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.18---
2024-2.59-2.222.27-0.64
20230.27-3.64-2.396.83
2022-3.35-4.061.570.10
2021-4.930.751.33-1.87
20200.256.92-2.13-0.40
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average4 star
5-YearHighAbove Average4 star
10-YearHighHigh5 star
Overall*HighHigh5 star
 
Category :  Global Government BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.18 %
3-Yr Mean Return-1.53 %
 
3-Yr Sharpe Ratio-0.90
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Trsy Bd GR USD  Morningstar Gbl Core Bd GR USD
3-Yr Beta1.141.18
3-Yr Alpha2.601.09
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 87
Maturity Distribution %
1 to 311.80
3 to 57.40
5 to 78.81
7 to 1025.94
10 to 1518.97
15 to 201.77
20 to 3012.25
Over 302.71
Effective Maturity-
Effective Duration7.37
Credit Quality Breakdown %     %
AAA32.85   BB5.02
AA41.51   B0.00
A4.40   Below B1.38
BBB14.18   Not Rated0.66
 
Category: Global Government Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond77.350.0677.29
Property0.000.000.00
Cash67.3657.749.62
Other0.010.000.01
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings74
Assets in Top 10 Holdings34.35
NameSectorCountry% of Assets
United States Treasury Bonds 4.375%United States8.08
Germany (Federal Republic Of) 1%Germany5.22
United Kingdom of Great Britain and N... United Kingdom3.38
United States Treasury Notes 0.875%United States2.84
United States Treasury Notes 4.125%United States2.73
United States Treasury Notes 4%United States2.63
United States Treasury Notes 1.125%United States2.51
United States Treasury Notes 1.75%United States2.45
Australia (Commonwealth of) 1.75%Australia2.25
Germany (Federal Republic Of) 0.5%Germany2.25
 
Increase Decrease New since last portfolio
Category: Global Government Bond
 
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 ManagerEva Sun-Wai
Manager Start Date04/01/2021
 
Biography
Eva Sun-Wai became the lead manager on the Global Government Bond strategy and deputy manager on the Global Macro Bond strategy in January 2021. Since September 2019, Eva had been a junior macro fund manager in the Wholesale Fixed Income team, where her role involved implementing macroeconomic trade ideas in the Global Macro Bond and the Absolute Return Bond strategies. She joined M&G in 2018 on the Investment Graduate Scheme, rotating across several business areas including emerging market debt, corporate credit research, real estate and long-term investment strategy. Before joining M&G, she worked on passive products and ETF strategies as a summer intern at State Street Global Advisors. Eva has a BSc (Hons) Economics degree from the University of Birmingham, has obtained the IMC and Financial Services Level 6 qualifications and is a CFA charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.50%
Ongoing Charge0.50%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsNo