LU1903670880
M&G Emerging Markets Bond Fund (Dist.)

Fixed income
Emerging markets
USD Cash
Distributing

Invest with

USD Cash

Payout type

Distributing

Risk rating

About this fund

Description

The Fund aims to provide a combination of capital growth and income to deliver a return that is higher than that of the global emerging markets bond market over any three-year period.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Fund providing investors with a diversified exposure to the attractive yield of emerging markets and frontier markets fixed income. This exposure comes through a diversified set of developing country bonds in hard as well as local currencies.

People

The Fund is led by Charles de Quinsonas; he is an experienced professional with more than 14 years of experience and has been with the team since 2014. He is further supported by a team of competent specialists covering diverse market segments and broader firm-wide resources.

Performance

Since inception, the Fund has outperformed both its peers and the benchmark. A result of the strategy’s robust risk management, the fund’s low downside capture has also contributed to this outperformance.

Process

The team adopts a “go-anywhere” approach in seeking attractive opportunities globally, including Frontier economies and other small countries. The Fund is also allowed to invest in both hard and local currency bonds, which the team selects by taking interest rate, currency and credit views. This flexibility allows the team to dynamically shift exposure between hard and local currencies as a response to developments in the fixed income space. The team also adopts a disciplined portfolio construction process in seeking to avoid or minimise the impact of “blow-ups”.

Cost

Access to clean share class with no trailer fees to achieve the lowest possible fees.

How it fits in a portfolio

Investors looking to gain exposure to a broad basket of developing country bonds in both hard and local currencies can consider the Fund as a position to further diversify a traditional portfolio while benefiting from greater expected returns relative to developed market bonds. While the fund has strong risk management and remains diversified, investors should note that this fund is emerging markets focused with exposure to both hard and local currencies. Investors should consider diversifying their portfolio across other geographies.

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Performance

Returns

NAV

Shows the total return of this distributing fund, which includes dividends paid out.

Total returns

Cumulative

Annualised

All Time

33.77%

YTD

-2.15%

1 month

-4.84%

6 month

0.94%

1 year

9.44%

3 year

28.71%

5 year

15.55%

As of Mar 2026

Distributions

7.68%

Frequency

Monthly

23 Mar 2026

Yield

7.59%As of Feb 2026

Risk metrics

Max drawdown

-23.51%As of Mar 2026

Volatility

9.92%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	1.6%	1.2%	-4.8%	-	-	-	-	-	-	-	-	-
2025	14.8%	1.4%	1.2%	-0.0%	1.1%	1.1%	2.3%	0.7%	1.6%	1.4%	1.2%	0.8%	1.1%
2024	3.0%	-1.4%	0.5%	1.5%	-1.2%	1.0%	-0.3%	1.5%	2.4%	2.1%	-2.1%	0.2%	-1.3%
2023	14.1%	3.7%	-1.8%	0.7%	0.7%	0.2%	3.0%	2.7%	-2.5%	-2.5%	-0.7%	5.5%	4.7%
2022	-13.7%	-1.9%	-4.5%	-2.4%	-4.8%	-0.0%	-6.2%	0.5%	1.5%	-4.9%	1.0%	6.7%	1.0%
Load more		5 of 9

Top Exposures

Holdings

Regions

Sectors

Mexico (United Mexican States) 8.5% (2038-11-18 Maturity)	3.84%
South Africa (Republic of) 8.75% (2044-01-31 Maturity)	3.38%
Secretaria Do Tesouro Nacional 10% (2033-01-01 Maturity)	3.24%
Poland (Republic of) 1.75% (2032-04-25 Maturity)	1.66%
Poland (Republic of) 5% (2035-10-25 Maturity)	1.55%
Uruguay (Republic Of) 3.875% (2040-07-02 Maturity)	1.49%
United States Treasury Bonds 1.75% (2041-08-15 Maturity)	1.41%
United States Treasury Notes 4% (2035-11-15 Maturity)	1.40%
Malaysia (Government Of) 3.844% (2033-04-15 Maturity)	1.12%
Hungary (Republic Of) 6.75% (2028-10-22 Maturity)	1.08%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.43%0.72% p.a.

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Fund facts

ISIN

LU1903670880

Fund house

M&G

Fund size

US$3.8B

As of 14 Apr 2026

Fund benchmark

Morningstar EM Sov Bd GR USD

Fund inception date

30 Nov 2018

Fund class currency

USD

Fund share class

USD A M Dis

Oldest share class ISIN

LU1797810857

Oldest share inception date

21 Sep 2018

Pricing frequency

Daily

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LU1903670880M&G Emerging Markets Bond Fund (Dist.)

LU1903670880
M&G Emerging Markets Bond Fund (Dist.)