Fund facts

Fund size
£6.8m
Launch date
Oct 2018

As at 31 Dec 2025

Fund aim

Benchmark

ABI Sector

Sterling Fixed Interest

Charges

Investment management charge	0.35%
Additional expenses	0.02%
Fund management charge	0.37%

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 31 Dec 2025

Cumulative	Fund	Benchmark
3 years	17.55	18.08
5 years	-5.33	-5.86

Annualised		Benchmark
1 year	6.59	6.90
3 years	5.53	5.69
5 years	-1.09	-1.20
Since launch	1.76	-

As at 31 Dec 2025

Cumulative	Fund	Benchmark
3 years	17.55	18.08
5 years	-5.33	-5.86

Annualised		Benchmark
1 year	6.59	6.90
3 years	5.53	5.69
5 years	-1.09	-1.20
Since launch	1.76	-

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

Rolling 12-month performance to last quarter end (%)

	Fund	Benchmark
2016	-	-
2017	-	-
2018	-	-
2019	10.02	9.27
2020	10.11	7.80
2021	-3.52	-3.09
2022	-16.52	-17.73
2023	8.77	8.58
2024	1.38	1.73
2025	6.59	6.90

12 months to 31 December	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	-	-	-	10.02	10.11	-3.52	-16.52	8.77	1.38	6.59
Benchmark	-	-	-	9.27	7.80	-3.09	-17.73	8.58	1.73	6.90

Calendar year performance (%)

		Benchmark
2016	-	-
2017	-	-
2018	-	-
2019	10.02	9.27
2020	10.11	7.80
2021	-3.52	-3.09
2022	-16.52	-17.73
2023	8.77	8.58
2024	1.38	1.73
2025	6.59	6.90

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
	-	-	-	10.02	10.11	-3.52	-16.52	8.77	1.38	6.59
Benchmark	-	-	-	9.27	7.80	-3.09	-17.73	8.58	1.73	6.90

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
	6.59	5.53	-1.09	1.76
Benchmark	6.90	5.69	-1.20	-

Annualised performance (%)

	1 year	3 years	5 years	Since launch
	6.59	5.53	-1.09	1.76
Benchmark	6.90	5.69	-1.20	-

Performance for the unit class in GBP, launched on 22 October 2018. Source: Lipper.

Portfolio

As at 31 Dec 2025. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

Currency (%)

	British pound	100.4
	Euro	-0.4
	Other	0.0

AAA	9.6
AA	31.8
A	32.2
BBB	22.3
BB	1.3
B	0.2
CCC	0.1
CC	0.2
Cash	2.1
Other	0.2

Sector (%)

	Sovereign	19.2
	Banking	17.8
	Utility	9.6
	Insurance	7.7
	Real Estate	6.1
	Asset Backed	5.7
	Covered Bonds	4.7
	Supranational	3.7
	Government Guaranteed	3.6
	Other	21.7

	Top 10 holdings	12.6
	Rest of portfolio	87.4

Top 10 holdings (%)

European Investment Bank	2.0
Lloyds Banking Group	1.7
New York Life Global Funding	1.3
Banco Santander	1.2
Nationwide Building Society	1.2
Metropolitan Life Global Funding I	1.1
LCR Finance	1.1
Barclays	1.0
Credit Agricole	1.0
Electricite de France	0.9

Country (%)

	United Kingdom	56.0
	United States	12.0
	France	7.2
	Germany	4.6
	Supranational	3.7
	Netherlands	2.9
	Cash and Equivalents	2.1
	Australia	1.9
	Canada	1.7
	Other	7.9

Fund Manager

Jamie Hamilton

Jamie joined M&G Investments in 2001, as a Fund Manager in the fixed income team, managing a range of institutional corporate bond funds. Prior to joining M&G, Jamie worked for Dresdner RCM Global Investors as a fixed income fund manager, managing corporate bond funds. Jamie graduated from Newcastle University with a degree in Economics and is a CFA charter-holder.

Prices

Name

GBP

Price

1142.22p

Change (%)

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

1133.89p

Change (%)

Currency

GBP

Price time

12:00 UK time

Important Information

The fund performance provided is:

after all fund charges have been taken, but doesn't include any other product charges. Please see your product literature for more information on charges.
assuming all income generated by the investments remains within the fund

Please bear in mind that past performance is not a guide to future returns. The value of an investment and any income taken from it is not guaranteed and may go down as well as up. You could get back less than you invest.

Performance data source: Lipper.

L&G PMC M&G PP All Stocks Corporate Bond 3

L&G PMC M&G PP All Stocks Corporate Bond G25

Fund facts

Fund aim

Benchmark

ABI Sector

Charges

Performance

Performance summary (%)

Rolling 12-month performance to last quarter end (%)

Calendar year performance (%)

Annualised performance (%)

Annualised performance (%)

Portfolio

Currency (%)

Credit rating (%)

Sector (%)

Top 10 holdings (%)

Country (%)

Fund Manager

Prices

Important Information