Fact sheet: M&G Episode Defensive

Fund information
Fund name
M&G Episode Defensive I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Eric Lonergansince 14/09/2012
  • Jenny Rodgerssince 14/09/2012
Fund objective
The fund aims to deliver a positive total return (the combination of income and growth of capital) over rolling periods of three to five years, through an investment approach that seeks to manage risk. There is no guarantee that the fund will achieve a positive return over this, or any other, period. The fund has the flexibility to go long or short of any investable asset class globally. Asset exposure is gained through physical holdings and the use of derivatives. 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.
Benchmark
  • No Specified Index
Investment style
Total Return,Flexible
Investment method
None
Quick stats
1 Year return
4.4%
1 Year rank in sector
98/110
Sector
UT Specialist
Yield
-
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.
0.73%
Fund size
£24m (£23m 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.
31
Mid price
107.15
Top in this sector
Fund name1 Year
Jupiter India54.9%
Neptune Russia & Gtr Rus50.1%
F&C UK Equity Linked Inflation50.1%
Neptune Latin America44.8%
Baring German Gth44.4%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • Money Market200.7%
    International4.9%
    Europe-0.3%
    Japan-3.6%
    UK-7.3%
  • Unknown215.5%
    A1.5%
    AAA-1.2%
    BBB-2.9%
    B-16.5%
  • Money Market200.8%
    US Equities6.1%
    European Equities3.1%
    Other International Equities2.8%
    Other Government Fixed Interest2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%0.1%1.3%4.4%2.9%-
Sector0.2%-1.1%6.5%19.5%20.5%38.8%
Rank within sector58 / 11266 / 11093 / 11098 / 11087 / 103-
Quartile3rd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.7%1.8%-0.4%3%1.6%
Sector3%22.7%-4.5%1.2%4.5%
Rank within sector88 / 11099 / 10950 / 10556 / 10159 / 91
Quartile4th4th2nd3rd3rd
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.
-0.02
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.
0.13
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
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%.
3.87
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.
9.22
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.
-0.71
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.
0.1
Price movement
52 week high107.37
52 week low100.58
Current bid price-
Current offer price-
Current mid price107.15
Region
1Money Market200.7%
2International4.9%
3Europe-0.3%
4Japan-3.6%
5UK-7.3%
6Asia Pacific ex Japan-13.6%
7Not Specified-15%
8USA-65.8%
Industry sector
1Unknown215.45%
2A1.48%
3AAA-1.23%
4BBB-2.85%
5B-16.51%
6AA-96.34%
Asset type
1Money Market200.8%
2US Equities6.1%
3European Equities3.1%
4Other International Equities2.8%
5Other Government Fixed Interest2.2%
6Global Investment Grade Fixed Interest1.5%
7Asia Pacific ex Japan Equities1.3%
8Japanese Equities1%
9UK Equities0.3%
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 a positive total return (the combination of income and growth of capital) over rolling periods of three to five years, through an investment approach that seeks to manage risk. There is no guarantee that the fund will achieve a positive return over this, or any other, period. The fund has the flexibility to go long or short of any investable asset class globally. Asset exposure is gained through physical holdings and the use of derivatives. 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.
Benchmark
  • No Specified Index
Investment style
Total Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
Eric Lonergan14/09/2012Eric Lonergan joined M&G in 2006 as a member of Dave Fishwick’s Multi Asset team and is manager of the M&G Episode Defensive Fund since launch in September 2012. He is also co-manager of the M&G Episode Macro Fund and the M&G Episode Growth Fund. Prior to joining M&G, Eric was managing director and head of macro research at JP Morgan Cazenove. He has a BA in politics, philosophy and economics from Pembroke College, Oxford, and an MSc in economics from the London School of Economics.
Jenny Rodgers14/09/2012Jenny Rodgers joined Prudential Portfolio Managers (now M&G) in 1994, initially analysing European equity markets and acting as a portfolio manager for external clients. She has been part of what is today the Macro & Multi Asset Investment team since it was established in 1999. In January 2011, Jenny was appointed co-manager of the M&G Episode Growth Fund, and in September 2016 took over the management of one of M&G’s charity funds, the National Association of Almshouses Common Investment Fund. Jenny is a Chartered Financial Analyst and has a BA Honours in Economics from Exeter University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Sweden
M&G Episode Defensive A Acc GBP
Initial charge4%
Annual charge1.2%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price103.87
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGLDK
M&G Episode Defensive A H Acc CHF
Initial charge4%
Annual charge1.2%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price9.9248
CurrencyCHF
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGLDJ
M&G Episode Defensive A H Acc EUR
Initial charge4%
Annual charge1.2%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price10.0441
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGLDO
M&G Episode Defensive A H Acc USD
Initial charge4%
Annual charge1.2%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price10.2159
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJSTF
M&G Episode Defensive C H Acc CHF
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.2226
CurrencyCHF
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLDL
M&G Episode Defensive C H Acc EUR
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.354
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLDP
M&G Episode Defensive C H Acc USD
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price10.47
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJSTG
M&G Episode Defensive I Acc GBP
Initial charge1%
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price107.15
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLDN
M&G Episode Defensive R Acc GBP
Initial charge1%
Annual charge0.7%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price106.2
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGLDM
Data provided by

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