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Please note that Adam English is the lead fund manager for M&G Credit Income.
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Data as at: 25/04/2024
In
Objective
To generate a regular and attractive level of income with low asset value volatility by investing in diversified portfolio of public and private debt and debt-like instruments.
AIC sector
Management group
M&G Alternatives Investment Management
Company website
Launch date
14/11/2018
December
Domicile
United Kingdom
Fund manager
Robert Whitten, Adam English, Yiu Wai Cheung
Dividend frequency
Quarterly
Wind-up provisions
The Board will be required to submit to Shareholders proposals (which may constitute a tender offer or other method of distribution) to provide Shareholders with an opportunity to realise the value of some or all of their Ordinary Shares at the Net Asset Value per Ordinary Share less costs (a 'Liquidity Opportunity') at, or within the twelve months prior to, the annual general meeting of the Company to be held in 2028, and at, or within the twelve months prior to, each annual general meeting of the Company held every fifth year thereafter, in each case unless the Board is directed by Shareholders by way of a special resolution not to offer such Liquidity Opportunity.
| Market Cap (m) | Total assets (m) | Price (last close) | NAV | Discount / premium (%) | Gearing (%) | Dividend yield (%) | Dividend dates | Ongoing charge (%) |
|---|---|---|---|---|---|---|---|---|
| 129.08 | 136.43 | 91.60 | 96.81 | -5.38 | 0 | 8.69 | Feb, May, Aug, Nov | 1.28 (31/12/2023) |
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Note
Dividends
Dividends declared in last 12 months
| Ex-Dividend date | Payment date | Dividend amount | Special dividend | Financial year |
|---|---|---|---|---|
| 02/05/2024 | 24/05/2024 | 2.150 | No | 2024 |
| 01/02/2024 | 23/02/2024 | 2.140 | No | 2023 |
| 02/11/2023 | 24/11/2023 | 2.120 | No | 2023 |
| 03/08/2023 | 25/08/2023 | 1.930 | No | 2023 |
| 04/05/2023 | 26/05/2023 | 1.770 | No | 2023 |
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Performance (%)
| Return type | 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|---|
| M&G Credit Income | Share price total return | 4.5 | 18.0 | 14.3 | N/A |
| Debt - Loans & Bonds AIC sector | Share price total return | 11.5 | 11.9 | 10.6 | 6.9 |
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Share structure
Number of shares
140,919,239
3,826,532
Traded volumes (number of shares)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 244,215 | 5,158,815 | 38,948,536 | 233,296,252 |
| Average | N/A | 249,042 | 154,409 | 184,633 |
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Traded values (m)
| Yesterday | 1 month | 1 year | 5 years | |
|---|---|---|---|---|
| Total | 0.22 | 4.76 | 35.64 | 224.82 |
| Average | N/A | 0.23 | 0.14 | 0.18 |
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Trading details
Top holdings
Data as at : 29/02/2024
| Investment | % of total assets |
|---|---|
| M&G European Loan Fund (Prvt) | 11.8 |
| M&G Senior Asset Backed Credit Fund | 7.6 |
| M&G Lion Credit Opportunity Fund IV (Prvt) | 3.1 |
| Delamare Finance 1.3066% 19 Feb 2029 | 1.8 |
| ICSL 2 B RegS | 1.8 |
| Project Hammond (Prvt) | 1.4 |
| BSAM 1 1 RegS | 1.3 |
| RIN II LTD (A) A 144A | 1.3 |
| Signet GBP Stretch Term Loan (Prvt) | 1.3 |
| ATLAS 2020 1 Trust AUD Note A2 (Prvt | 1.3 |
Data provided by Morningstar.
Company documents provided by FE fundinfo.
