Fact sheet: M&G Episode Allocation

Fund information
Fund name
M&G Episode Allocation I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Tony Findingsince 21/01/2011
  • Craig Moransince 01/01/2011
  • Juan Nevadosince 21/01/2011
Fund objective
The fund aims to deliver income and capital growth through investment in a diversified range of assets. Subject to this, the fund aims to grow income in the long term (that is, over five years or more). The fund managers follow a highly flexible investment approach, with the freedom to invest in different types of assets. The approach combines in-depth research to determine the value of assets over the medium to long term, with analysis of investors’ emotional reaction to events to identify investment opportunities. The fund gains access to assets directly and indirectly through derivatives.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
20.1%
1 Year rank in sector
27/202
Sector
UT Mixed Investment 20%-60% Shares
Yield
1.5%
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.
0.84%
Fund size
£350m (£361m 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.
70
Mid price
1412.43
Top in this sector
Fund name1 Year
S&W The Magpie30%
AXA Global Distribution29.2%
SVS TPI Balanced 227.9%
S&W Wessex26.8%
AXA Lifetime Distribution25.4%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Not Specified33.5%
    Europe15.6%
    Asia Pacific ex Japan11.9%
    USA9.5%
    UK8.7%
  • Equities54.6%
    Corporate Bonds24.8%
    Property6.3%
    Government Bonds6.1%
    Money Market5.8%
  • Global High Yield Fixed Interest19.1%
    European Equities13.2%
    Asia Pacific ex Japan Equities11.9%
    US Equities9.5%
    UK Equities8.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%5.6%10.2%20.1%23%43.7%
Sector2.4%1.9%5.9%14.6%17.6%37.9%
Rank within sector203 / 2132 / 21112 / 20927 / 20238 / 17861 / 145
Quartile4th1st1st1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.7%12.9%0.8%7.8%10%
Sector1.3%10.3%1.2%5%9%
Rank within sector187 / 21355 / 202125 / 18922 / 17587 / 161
Quartile4th2nd3rd1st3rd
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.
0.38
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.
1.25
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.
0.46
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%.
7.67
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.
4.03
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.
0.75
Price movement
52 week high1420.52
52 week low1109.14
Current bid price-
Current offer price-
Current mid price1412.43
Region
1Not Specified33.5%
2Europe15.6%
3Asia Pacific ex Japan11.9%
4USA9.5%
5UK8.7%
6International8.1%
7Japan6.9%
8Money Market5.8%
Industry sector
1Equities54.6%
2Corporate Bonds24.8%
3Property6.3%
4Government Bonds6.1%
5Money Market5.8%
6Convertibles2.4%
Asset type
1Global High Yield Fixed Interest19.1%
2European Equities13.2%
3Asia Pacific ex Japan Equities11.9%
4US Equities9.5%
5UK Equities8.7%
6Japanese Equities6.9%
7Property6.3%
8Money Market5.8%
9Global Investment Grade Fixed Interest5.7%
Individual holdings
No data available.
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to deliver income and capital growth through investment in a diversified range of assets. Subject to this, the fund aims to grow income in the long term (that is, over five years or more). The fund managers follow a highly flexible investment approach, with the freedom to invest in different types of assets. The approach combines in-depth research to determine the value of assets over the medium to long term, with analysis of investors’ emotional reaction to events to identify investment opportunities. The fund gains access to assets directly and indirectly through derivatives.
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Tony Finding21/01/2011Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the Multi Asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.
Craig Moran01/01/2011Craig Moran was appointed co-manager of the M&G Prudent Allocation Fund on launch in April 2015. He has also been deputy fund manager on the M&G Managed Growth Fund since 2013 and on the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund since 2011. Craig joined M&G in 2005 as a performance and risk analyst and was later promoted as a fund managers' assistant to the Multi Asset team. In 2010, he became the team's investment analyst. Craig holds a bachelor of business degree from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.
Juan Nevado21/01/2011Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. In January 2011, Juan was appointed co-manager of the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund. In November 2013 and April 2015, he was also appointed deputy manager of the M&G Income Allocation Fund and co-manager of the M&G Prudential Allocation Fund respectively upon their launches. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Episode Allocation A Acc GBP
Initial charge4%
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price173.39
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ774
M&G Episode Allocation A Inc GBP
Initial charge4%
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price139.11
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQ775
M&G Episode Allocation I Acc GBP
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price1412.43
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZCR
M&G Episode Allocation I Inc GBP
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price1298.75
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZCS
M&G Episode Allocation R Acc GBP
Initial charge1%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price140.22
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZCT
M&G Episode Allocation R Inc GBP
Initial charge1%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price128.77
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZCU
M&G Episode Allocation X Acc GBP
Initial charge-
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price173.54
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQ772
M&G Episode Allocation X Inc GBP
Initial charge-
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price139.2
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQ773
Data provided by

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