Manager firm
M&G Investments
Manager(s)
Adam English
Structure
investment_trust
AIC sector
Debt - Loans & Bonds
Base currency
GBP
Launched
2018-11-14
Latest factsheet
2026-02-28
Snapshot date
2025-08-31
Manager firm
M&G Investments
Manager(s)
Adam English
Structure
investment_trust
AIC sector
Debt - Loans & Bonds
Base currency
GBP
Launched
2018-11-14
Latest factsheet
2026-02-28
Snapshot date
2025-08-31
Share price
91.20p
NAV / share
90.50p2026-04-30
Premium / discount
+0.77%
Fund size
£193m
OCF
1.20%
Performance fee
—
Gearing
0.00%
Dividend yield
6.77%
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 1m | 0.3% | 0.6% | -0.3pp |
| 3m | 1.1% | 1.9% | -0.8pp |
| ytd | 0.7% | 1.3% | -0.5pp |
| 6m | 2.5% | 4.0% | -1.4pp |
| 1y | 5.7% | 8.4% | -2.7pp |
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | 6.8% | 8.9% | -2.1pp |
| 3y | 7.5% | 9.0% | -1.5pp |
| 5y | 5.2% | 7.4% | -2.3pp |
| since_inception | 5.0% | 6.3% | -1.2pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | M&G Investment Grade ABS Fund | — | — | 17.9% |
| 2 | M&G European Loan Fund (Prvt) | — | — | 13.2% |
| 3 | M&G Senior Asset Backed Credit Fund | — | — | 5.4% |
| 4 | Delamare Finance 1.3066% 19 Feb 2029 | — | — | 2.4% |
| 5 | Cash on Deposit | — | — | 1.9% |
| 6 | ICSL 2 B RegS | — | — | 1.5% |
| 7 | SALIS 2019-1 A RegS (Prvt) | — | — | 1.5% |
| 8 | Serenissima SPV 5.625% 06/36 (Prvt) | — | — | 1.4% |
| 9 | SALIS 2022-1 A RegS (Prvt) | — | — | 1.2% |
| 10 | Ford Motor 6.184% 31/8/29 | — | — | 1.0% |
| 11 | Aries 7 Mezz (Prvt) | — | — | 1.0% |
| 12 | Project Energy from Waste UK (Prvt) | — | — | 1.0% |
| 13 | ICSL 1 B RegS | — | — | 1.0% |
| 14 | Signet GBP Stretch Term Loan (Prvt) | — | — | 0.9% |
| 15 | BSAM 1 1 RegS | — | — | 0.9% |
| 16 | Centreparcs 6.136% 28/08/31 | — | — | 0.9% |
| 17 | ATLAS 2020 1 Trust AUD Note A2 (Prvt) | — | — | 0.9% |
| 18 | Vallourec 7.5% 15/04/2032 | — | — | 0.8% |
| 19 | STCHB 7 A (Prvt) | — | — | 0.8% |
| 20 | GGSF T3 (Prvt) | — | — | 0.8% |
| Funds | 36.6% | |
| ABS (Assorted) | 13.4% | |
| Banking | 7.7% | |
| Non-Agency CMBS | 5.8% | |
| Real Estate Dev and Mgt | 5.8% | |
| Investments and Misc Financial Services | 3.1% | |
| Transport Infrastructure/Services | 2.2% | |
| Mortgage Backed | 2.1% | |
| Cash on Deposit | 1.9% | |
| Life-Insurance | 1.8% | |
| ABS Automobiles | 1.6% | |
| Diversified Capital Goods | 1.4% | |
| Telecom - Wireless | 1.4% | |
| Support-Services | 1.3% | |
| Cons/Comm/Lease Financing | 1.3% | |
| Integrated Energy | 1.1% | |
| Packaging | 1.1% | |
| Auto Loans | 1.0% | |
| Electric - Generation | 1.0% | |
| Multi-Line Insurance | 0.9% | |
| Steel Producers/Products | 0.8% | |
| REITs | 0.8% | |
| Restaurants | 0.7% | |
| Food - Wholesale | 0.6% | |
| Hotels | 0.6% | |
| Building and Construction | 0.6% | |
| ABS Credit Cards | 0.6% | |
| Machinery | 0.5% | |
| Pharmaceuticals | 0.5% | |
| Software/Services | 0.4% | |
| Telecom - Wireline Integrated and Services | 0.4% | |
| Media Content | 0.3% | |
| Chemicals | 0.2% | |
| Specialty Retail | 0.1% | |
| ABS Utilities | 0.1% | |
| Forwards | 0.1% | |
| ABS Airline Leases | 0.0% | |
| Debt Derivatives | -0.0% |
| Public | 51.2% | |
| Private | 46.9% | |
| Funds | 23.4% | |
| Loans | 16.4% | |
| Bonds | 16.2% | |
| Funds | 13.2% | |
| Other | 12.2% | |
| Asset backed securities | 11.6% | |
| Asset backed securities | 2.4% | |
| Cash on deposit | 1.9% | |
| Bonds | 1.4% | |
| Private Placements | 1.2% | |
| Forwards | 0.1% | |
| Subordinated Debt | 0.1% | |
| Derivatives | 0.1% | |
| Equity | 0.0% | |
| Debt derivatives | -0.0% |
Manager firm
M&G Investments
Manager(s)
Adam English
Structure
investment_trust
AIC sector
Debt - Loans & Bonds
Base currency
GBP
Launched
2018-11-14
Latest factsheet
2026-02-28
Snapshot date
2025-08-31
Share price
91.20p
NAV / share
90.50p2026-04-30
Premium / discount
+0.77%
Fund size
£193m
OCF
1.20%
Performance fee
—
Gearing
0.00%
Dividend yield
6.77%
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| 1m | 0.3% | 0.6% | -0.3pp |
| 3m | 1.1% | 1.9% | -0.8pp |
| ytd | 0.7% | 1.3% | -0.5pp |
| 6m | 2.5% | 4.0% | -1.4pp |
| 1y | 5.7% | 8.4% | -2.7pp |
| Period | Return | Benchmark | Vs |
|---|---|---|---|
| ytd | 6.8% | 8.9% | -2.1pp |
| 3y | 7.5% | 9.0% | -1.5pp |
| 5y | 5.2% | 7.4% | -2.3pp |
| since_inception | 5.0% | 6.3% | -1.2pp |
| # | Holding | Sector | Country | Weight |
|---|---|---|---|---|
| 1 | M&G Investment Grade ABS Fund | — | — | 17.9% |
| 2 | M&G European Loan Fund (Prvt) | — | — | 13.2% |
| 3 | M&G Senior Asset Backed Credit Fund | — | — | 5.4% |
| 4 | Delamare Finance 1.3066% 19 Feb 2029 | — | — | 2.4% |
| 5 | Cash on Deposit | — | — | 1.9% |
| 6 | ICSL 2 B RegS | — | — | 1.5% |
| 7 | SALIS 2019-1 A RegS (Prvt) | — | — | 1.5% |
| 8 | Serenissima SPV 5.625% 06/36 (Prvt) | — | — | 1.4% |
| 9 | SALIS 2022-1 A RegS (Prvt) | — | — | 1.2% |
| 10 | Ford Motor 6.184% 31/8/29 | — | — | 1.0% |
| 11 | Aries 7 Mezz (Prvt) | — | — | 1.0% |
| 12 | Project Energy from Waste UK (Prvt) | — | — | 1.0% |
| 13 | ICSL 1 B RegS | — | — | 1.0% |
| 14 | Signet GBP Stretch Term Loan (Prvt) | — | — | 0.9% |
| 15 | BSAM 1 1 RegS | — | — | 0.9% |
| 16 | Centreparcs 6.136% 28/08/31 | — | — | 0.9% |
| 17 | ATLAS 2020 1 Trust AUD Note A2 (Prvt) | — | — | 0.9% |
| 18 | Vallourec 7.5% 15/04/2032 | — | — | 0.8% |
| 19 | STCHB 7 A (Prvt) | — | — | 0.8% |
| 20 | GGSF T3 (Prvt) | — | — | 0.8% |
| Funds | 36.6% | |
| ABS (Assorted) | 13.4% | |
| Banking | 7.7% | |
| Non-Agency CMBS | 5.8% | |
| Real Estate Dev and Mgt | 5.8% | |
| Investments and Misc Financial Services | 3.1% | |
| Transport Infrastructure/Services | 2.2% | |
| Mortgage Backed | 2.1% | |
| Cash on Deposit | 1.9% | |
| Life-Insurance | 1.8% | |
| ABS Automobiles | 1.6% | |
| Diversified Capital Goods | 1.4% | |
| Telecom - Wireless | 1.4% | |
| Support-Services | 1.3% | |
| Cons/Comm/Lease Financing | 1.3% | |
| Integrated Energy | 1.1% | |
| Packaging | 1.1% | |
| Auto Loans | 1.0% | |
| Electric - Generation | 1.0% | |
| Multi-Line Insurance | 0.9% | |
| Steel Producers/Products | 0.8% | |
| REITs | 0.8% | |
| Restaurants | 0.7% | |
| Food - Wholesale | 0.6% | |
| Hotels | 0.6% | |
| Building and Construction | 0.6% | |
| ABS Credit Cards | 0.6% | |
| Machinery | 0.5% | |
| Pharmaceuticals | 0.5% | |
| Software/Services | 0.4% | |
| Telecom - Wireline Integrated and Services | 0.4% | |
| Media Content | 0.3% | |
| Chemicals | 0.2% | |
| Specialty Retail | 0.1% | |
| ABS Utilities | 0.1% | |
| Forwards | 0.1% | |
| ABS Airline Leases | 0.0% | |
| Debt Derivatives | -0.0% |
| Public | 51.2% | |
| Private | 46.9% | |
| Funds | 23.4% | |
| Loans | 16.4% | |
| Bonds | 16.2% | |
| Funds | 13.2% | |
| Other | 12.2% | |
| Asset backed securities | 11.6% | |
| Asset backed securities | 2.4% | |
| Cash on deposit | 1.9% | |
| Bonds | 1.4% | |
| Private Placements | 1.2% | |
| Forwards | 0.1% | |
| Subordinated Debt | 0.1% | |
| Derivatives | 0.1% | |
| Equity | 0.0% | |
| Debt derivatives | -0.0% |