Fact sheet: M&G Charifund

Fund information
Fund name
M&G Charifund A Inc GBP
Fund manager company
M&G UK
Fund type
Unit Trust
Fund managers
  • Richard Hughessince 28/06/2001
  • Richard Hallesince 01/01/1999
Fund objective
Charifund is designed to provide a growing level of income for UK charities, while at the same time protecting their capital from the effects of inflation over a rolling ten year period. It aims to provide a level of income that is significantly higher than that of the FTSE All-Share Index. The level of income may vary and there is no guarantee that the trust will achieve a positive return over this, or any other, period. The trust is a well-diversified portfolio of approximately 100 holdings, mainly high yielding UK company shares. While the trust will generally have a bias towards stocks that are out-of-favour with investors, the fund manager seeks to identify good quality companies with attractive dividend growth prospects.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Quick stats
1 Year return
10.8%
1 Year rank in sector
21/88
Sector
UT UK Equity Income
Yield
4.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.47%
Fund size
£1,188m (£1,142m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
84
Top in this sector
Fund name1 Year
UBS UK Equity Income36.5%
Scot Wid Fdmtl Index UK Equity25.5%
SJP UK Growth22.2%
Schroder Income Maximiser19.7%
Jupiter Income Trust19.2%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK89.3%
    Switzerland2.1%
    France2.1%
    Money Market1.6%
    Norway1.4%
  • Financials30.7%
    Industrials11.8%
    Oil & Gas10.9%
    Utilities10%
    Consumer Services9.9%
  • UK Equities89.3%
    Swiss Equities2.1%
    French Equities2.1%
    Money Market1.6%
    Norwegian Equities1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%-1.2%7.3%10.8%23.2%74.1%
Sector1.5%-1%6.1%7.3%18.4%62.2%
Rank within sector45 / 9350 / 9227 / 9221 / 8828 / 7919 / 74
Quartile2nd3rd2nd1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund9%4.5%4.7%25.7%16.1%
Sector6.1%4.9%2.8%24.8%13.5%
Rank within sector21 / 8857 / 8327 / 8032 / 7626 / 75
Quartile1st3rd2nd2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.09
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.95
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.33
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
8.53
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.39
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high1573.14
52 week low1285.24
Current bid price-
Current offer price-
Current mid price1488.88
Region
1UK89.29%
2Switzerland2.15%
3France2.07%
4Money Market1.6%
5Norway1.36%
6USA1%
7Canada0.99%
8Finland0.81%
9Japan0.46%
Industry sector
1Financials30.68%
2Industrials11.83%
3Oil & Gas10.88%
4Utilities9.97%
5Consumer Services9.92%
6Health Care9.43%
7Telecommunications7.73%
8Consumer Goods4.39%
9Basic Materials3.19%
Asset type
1UK Equities89.29%
2Swiss Equities2.15%
3French Equities2.07%
4Money Market1.6%
5Norwegian Equities1.36%
6US Equities1%
7Canadian Equities0.99%
8Finnish Equities0.81%
9Japanese Equities0.46%
Individual holdings
1ROYAL DUTCH SHELL4.72%
2BP4.08%
3HSBC HLDGS3.84%
4ASTRAZENECA PLC3.48%
5VODAFONE GROUP3.32%
6GLAXOSMITHKLINE3.27%
7UNITED UTILITIES GROUP PLC2.38%
8AVIVA2.27%
9NATIONAL GRID2.11%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
Unit Trust
Fund objective
Charifund is designed to provide a growing level of income for UK charities, while at the same time protecting their capital from the effects of inflation over a rolling ten year period. It aims to provide a level of income that is significantly higher than that of the FTSE All-Share Index. The level of income may vary and there is no guarantee that the trust will achieve a positive return over this, or any other, period. The trust is a well-diversified portfolio of approximately 100 holdings, mainly high yielding UK company shares. While the trust will generally have a bias towards stocks that are out-of-favour with investors, the fund manager seeks to identify good quality companies with attractive dividend growth prospects.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Richard Hughes28/06/2001Richard Hughes joined M&G in 1986. He is a UK equity income fund manager with responsibility for the management of Charifund, the M&G Extra Income Fund and the M&G High Income Investment Trust. Richard previously worked for Derbyshire County Council where he was manager of its pension fund. He graduated from Sheffield University with an honours degree in accounting and economics. He is an associate of CFA UK.
Richard Halle01/01/1999Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002, he has been managing various institutional mandates on a European value strategy, and in 2008, he was appointed fund manager of the M&G European Strategic Value Fund upon its launch. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.
Compliance
IA Recognised
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Charifund A Acc GBP
Initial charge-
Annual charge0.46%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)0.47%
Bid price-
Offer price-
Mid price21578.51
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG57
M&G Charifund A Inc GBP
Initial charge-
Annual charge0.46%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)0.47%
Bid price-
Offer price-
Mid price1488.88
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG56
Data provided by

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