Morningstar Fund Report  | 14/04/2025Print

M&G Emerging Markets Bond Fund Sterling PP Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
M&G Emerging Markets Bond Fund Sterling PP Inc
Fund-1.2-2.17.95.50.0
+/-Cat1.63.53.7-1.20.6
+/-B’mrk0.63.63.81.30.5
 
Category: Global Emerging Markets Bond
Category Benchmark: Morningstar EM Sov Bd GR USD
Key Stats
NAV
11/04/2025		 GBP 0.73
Day Change -1.76%
Morningstar Category™ Global Emerging Markets Bond
IA (formerly IMA) Sector Global Emerging Markets Bond - Blended
ISIN GB00BK7XX793
Fund Size (Mil)
11/04/2025		 GBP 1004.98
Share Class Size (Mil)
11/04/2025		 GBP 47.28
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.58%
Investment Objective: M&G Emerging Markets Bond Fund Sterling PP Inc
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 a composite index over any five-year period. The composite index is made up of one third JPM EMBI Global Diversified Index, one third JPM CEMBI Broad Diversified Index and one third JPM GBI-EM Global Diversified Index. At least 80% of the Fund is invested, directly or indirectly through derivatives, in Emerging Market debt securities. These securities can be issued or guaranteed by Emerging Market governments and their agencies, public authorities, quasi-sovereigns, supranational bodies and companies that are incorporated, domiciled, listed or do most of their business in Emerging Markets. These securities can be denominated in any currency, including Emerging Market currencies.
Returns
Trailing Returns (GBP)11/04/2025
YTD-3.57
3 Years Annualised5.09
5 Years Annualised4.13
10 Years Annualised-
12 Month Yield 7.78
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Charles de Quinsonas
01/03/2024
Claudia Calich
02/12/2013
Inception Date
05/08/2019

Category Benchmark
Fund BenchmarkMorningstar Benchmark
33.4% JPM GBI-EM Global Diversified TR USD ,  33.3% JPM CEMBI Broad Diversified TR USD ,  33.3% JPM EMBI Global Diversified TR USDMorningstar EM Sov Bd GR USD
Portfolio Profile for  M&G Emerging Markets Bond Fund Sterling PP Inc31/03/2025
Fixed Income
Effective Maturity-
Effective Duration5.47
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond93.210.0093.21
Property0.000.000.00
Cash12.078.783.29
Other0.030.000.03
Growth Of 1000 (GBP) 31/03/2025
Fund:  M&G Emerging Markets Bond Fund Sterling PP Inc
Category:  Global Emerging Markets Bond
Category Index:  Morningstar EM Sov Bd GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 2020202120222023202431/03
Price Return2.49-1.24-2.137.955.460.00
+/- Category-0.181.643.533.74-1.210.58
+/- Category Index-0.570.583.653.831.330.45
% Rank in Category502823116719
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.76   -0.40-0.03
1 Week-2.73   0.320.97
1 Month-3.73   0.380.35
3 Months-5.50   0.860.31
6 Months-1.22   0.381.45
YTD-3.57   0.760.85
1 Year-0.51   -0.110.12
3 Years Annualised5.09   1.983.12
5 Years Annualised4.13   2.053.30
10 Years Annualised-   --
 
Category: Global Emerging Markets Bond
Category Index: Morningstar EM Sov Bd GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.00---
20242.16-0.670.053.87
20230.111.610.805.27
2022-6.85-3.226.132.30
2021-5.052.572.19-0.78
2020-11.6615.99-2.442.52
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageBelow Average4 star
5-YearAbove AverageBelow Average4 star
10-Year--Not Rated
OverallAbove AverageBelow Average4 star
 
Category :  Global Emerging Markets BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.52 %
3-Yr Mean Return6.31 %
 
3-Yr Sharpe Ratio0.39
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM Sov Bd GR USD  Morningstar EM Sov Bd GR USD
3-Yr Beta0.800.80
3-Yr Alpha2.932.93
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 1342
Maturity Distribution %
1 to 38.73
3 to 515.67
5 to 710.86
7 to 1025.88
10 to 1514.88
15 to 207.81
20 to 308.53
Over 303.01
Effective Maturity-
Effective Duration5.47
Credit Quality Breakdown %     %
AAA4.72   BB34.06
AA4.06   B9.73
A8.27   Below B7.45
BBB29.80   Not Rated1.90
 
Category: Global Emerging Markets Bond
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond93.210.0093.21
Property0.000.000.00
Cash12.078.783.29
Other0.030.000.03
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings258
Assets in Top 10 Holdings19.27
NameSectorCountry% of Assets
Secretaria Do Tesouro Nacional 10%Brazil3.07
Mexico (United Mexican States) 8.5%Mexico2.67
South Africa (Republic of) 8.875%South Africa2.55
Northern Trust Global US Dollar DIreland2.09
Malaysia (Government Of) 3.885%Malaysia1.61
Uruguay (Republic Of) 3.875%Uruguay1.55
United States Treasury Notes 1.875%United States1.53
Singapore (Republic of) 2.375%Singapore1.48
Poland (Republic of) 1.75%Poland1.43
Debt and Asset Trading Corporation 1%Vietnam1.30
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets 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 Date05/08/2019
Fund Advisor(s)
M&G Investment Management Limited
Fund ManagerCharles de Quinsonas
Manager Start Date01/03/2024
 
Biography
Charles de Quinsonas is an emerging market corporate bond specialist and has been working as co-fund manager and deputy fund manager for a series of emerging markets corporate bond funds domiciled in London and Luxembourg since 2015. He has more than a decade of emerging market corporate bond experience, with a deep knowledge of high yield credit. Prior to joining M&G in 2014, he worked at Spread Research in Lyon and New York, where he spent four years analysing a variety of high yield and emerging market industrial credits. Charles holds a B.B.A. from ESSEC Business School and a MSc in Corporate Finance from iaelyon School of Management.
Fund ManagerClaudia Calich
Manager Start Date02/12/2013
Education
International University of Japan, M.A.
Susquehanna University, B.A.
 
Biography
Claudia Calich joined M&G in October 2013 as a specialist in emerging markets debt and, in December 2013, started managing the Emerging Markets Bond strategy. Since May 2017, she has also been on the management team of strategies domiciled in Luxembourg. Claudia has more than 20 years of experience in emerging markets, including as a senior portfolio manager at Invesco in New York, and previous positions at Oppenheimer Funds, Fuji Bank, Standard & Poor’s and Reuters.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.58%
Purchase Details
Minimum Investments
Initial50000000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsNo