Morningstar Fund Report  | 05/04/2025Print

M&G Property Portfolio Sterling I Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
M&G Property Portfolio Sterling I Acc
Fund6.0-11.1-1.6-13.4-4.3
+/-Cat-4.5-1.91.7-12.9-4.8
+/-B’mrk-----
 
Category: Property - Direct UK
Category Benchmark: -
Key Stats
NAV
04/04/2025		 GBX 928.64
Day Change 0.01%
Morningstar Category™ Property - Direct UK
IA (formerly IMA) Sector UK Direct Property
ISIN GB00B8FYD926
Fund Size (Mil)
31/01/2025		 GBP 217.81
Share Class Size (Mil)
03/04/2025		 GBP 24.97
Max Initial Charge -
Ongoing Charge
27/08/2024		  0.83%
Investment Objective: M&G Property Portfolio Sterling I Acc
The investment objective of the Fund is to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In doing so, the Fund aims to provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure and Property Expense Ratio, than the average return of the IA UK Direct Property Sector over any five-year period.At least 70% of the Fund is invested directly in a diversified portfolio of commercial property in the UK. This may be reduced to 60%, if it is considered prudent for liquidity management.
Returns
Trailing Returns (GBP)04/04/2025
YTD-4.26
3 Years Annualised-11.30
5 Years Annualised-6.48
10 Years Annualised-3.23
12 Month Yield 5.53
Management
Manager Name
Start Date
Justin Upton
01/04/2018
Inception Date
18/01/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK Direct Property-
Portfolio Profile for  M&G Property Portfolio Sterling I Acc30/11/2024
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond0.000.000.00
Property71.040.0071.04
Cash29.403.1726.22
Other2.740.002.74
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
No Data Available
Top 5 Sectors%
No Data Available
Top 5 HoldingsSector%
M&G (Lux) Sterling Liquidity GBP... 25.93
Portland Riding Estate 80 9211.94
Medway Valley Leisure Park Roc8.78
3 Temple Quay Bristol8.13
Selly Oak Student Quarter7.02
Increase Decrease New since last portfolio
M&G Property Portfolio Sterling I Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  M&G Property Portfolio Sterling I Acc
Category:  Property - Direct UK
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return4.17-7.58-8.565.96-11.11-1.61-13.39-4.32
+/- Category-0.24-7.78-5.60-4.52-1.861.65-12.92-4.78
+/- Category Index--------
% Rank in Category4793877062519291
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.01   -0.10-
1 Week0.05   0.49-
1 Month-1.31   -1.36-
3 Months-4.28   -4.83-
6 Months-8.01   -7.10-
YTD-4.26   -4.96-
1 Year-8.87   -11.31-
3 Years Annualised-11.30   -7.83-
5 Years Annualised-6.48   -6.33-
10 Years Annualised-3.23   -4.27-
 
Category: Property - Direct UK
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-4.32---
2024-8.39-0.60-1.01-3.91
20230.190.34-0.23-1.90
20223.942.26-3.65-13.19
20210.661.061.382.74
2020-1.77-3.02-2.31-1.74
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Property - Direct UKClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.73 %
3-Yr Mean Return-11.18 %
 
3-Yr Sharpe Ratio-2.74
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   Morningstar Turkey TME NR EUR
3-Yr Beta--0.06
3-Yr Alpha--14.40
 
Investment Style Details30/11/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP --
Market Capitalisation% of Equity
Giant-
Large-
Medium-
Small-
Micro-
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings--
Price/Book--
Price/Sales--
Price/Cash Flow--
Dividend-Yield Factor--
 
Long-Term Projected Earnings Growth--
Historical Earnings Growth--
Sales Growth--
Cash-Flow Growth--
Book-Value Growth--
 
Category: Property - Direct UK
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 285
Maturity Distribution %
1 to 30.00
3 to 50.00
5 to 70.00
7 to 100.00
10 to 150.00
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: Property - Direct UK
Asset Allocation30/11/2024
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond0.000.000.00
Property71.040.0071.04
Cash29.403.1726.22
Other2.740.002.74
World Regions30/11/2024
 % of EquityRelative to Category
 
Category: Property - Direct UK
Sector Weightings30/11/2024
 % of EquityRelative to Category
 
Category: Property - Direct UK
Top 10 Holdings30/11/2024
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings0
Assets in Top 10 Holdings87.50
NameSectorCountry% of Assets
M&G (Lux) Sterling Liquidity GBPZ6A DistLuxembourg25.93
Portland Riding Estate 80 92United Kingdom11.94
Medway Valley Leisure Park RocUnited Kingdom8.78
3 Temple Quay BristolUnited Kingdom8.13
Selly Oak Student QuarterUnited Kingdom7.02
A1 A29 Altens Ind Est AberdeenUnited Kingdom6.37
8 Greenwich View PlaceUnited Kingdom6.03
Capitol Theatre AberdeenUnited Kingdom4.67
Southwater Square, TelfordUnited Kingdom4.55
Premier Inn Hotel The WaterfrUnited Kingdom4.07
 
Increase Decrease New since last portfolio
Category: Property - Direct UK
 
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
UCITSNo
Inception Date18/01/2013
Fund Advisor(s)
M&G Investment Management Limited
Fund ManagerJustin Upton
Manager Start Date01/04/2018
 
Biography
Justin Upton joined M&G Real Estate in January 2010 as deputy fund manager of the M&G Pooled Pensions Property strategy. In April 2018 he was appointed co-manager of the M&G Property Portfolio strategy, on which he had been working as a deputy manager since January 2012. Before M&G Real Estate, Justin spent two years as a director at Mayfair Capital Investment Management where he was involved with the MC Special Opportunities Fund and Income Trust for Charities. Prior to this, he spent five years at Henderson Global Investors as assistant fund manager on the Henderson Retail Warehouse Fund and the Caspar Fund. Justin undertook his RICS accreditation during four years spent with Cushman Wakefield’s capital markets team. He holds a degree from the University of Birmingham in social and economic history and a Masters from City University in property law and valuation.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.81%
Ongoing Charge0.83%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes