Fact sheet: M&G Episode Growth

Fund information
Fund name
M&G Episode Growth I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Eric Lonergansince 21/01/2011
  • Jenny Rodgerssince 21/01/2011
  • Craig Moransince 25/01/2011
Fund objective
The fund aims to deliver income and capital growth through investment in a diversified range of assets. 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
  • FTSE World
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
24.7%
1 Year rank in sector
34/267
Sector
UT Mixed Investment 40-85% Shares
Yield
1.6%
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.
0.94%
Fund size
£956m (£861m 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.
85
Mid price
1578.77
Top in this sector
Fund name1 Year
HSBC Wld Seltn Advntr Pfl32%
FP MA DRP VIII31.2%
S&W Acacia31.1%
Orbis Gbl Bal30.9%
S&W Pityoulish30.8%
...more in UT Mixed Investment 40-85% Shares

Performance snapshot

Holdings snapshot

  • Money Market21.3%
    Europe18%
    USA14.5%
    Asia Pacific ex Japan11.2%
    UK11%
  • Equities69%
    Money Market21.3%
    Corporate Bonds5.4%
    Government Bonds3.7%
    Mutual Funds0.7%
  • Money Market21.3%
    European Equities18%
    US Equities15.1%
    Asia Pacific ex Japan Equities11.2%
    UK Equities11%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%3%11.3%24.7%27.4%64.7%
Sector2.3%2.2%7.8%19.6%27%57.5%
Rank within sector186 / 28277 / 27915 / 27534 / 267133 / 24180 / 208
Quartile3rd2nd1st1st3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund7.9%9.8%5.7%3.7%15.5%
Sector5.2%13.3%2.2%5%13.5%
Rank within sector19 / 276216 / 26023 / 246195 / 23789 / 222
Quartile1st4th1st4th2nd
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.
-0.37
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.
1.16
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.
0.54
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%.
9.56
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.
5.35
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.
0.12
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.
0.7
Price movement
52 week high1585.47
52 week low1228.12
Current bid price-
Current offer price-
Current mid price1578.77
Region
1Money Market21.27%
2Europe17.96%
3USA14.53%
4Asia Pacific ex Japan11.19%
5UK10.96%
6Others8.77%
7Not Specified6.04%
8International4.68%
9Japan4.61%
Industry sector
1Equities69.02%
2Money Market21.27%
3Corporate Bonds5.37%
4Government Bonds3.67%
5Mutual Funds0.67%
Asset type
1Money Market21.27%
2European Equities17.96%
3US Equities15.12%
4Asia Pacific ex Japan Equities11.19%
5UK Equities10.96%
6Global Investment Grade Fixed Interest5.37%
7Global Equities4.68%
8Japanese Equities4.61%
9International Equities4.5%
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. 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
  • FTSE World
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Eric Lonergan21/01/2011Eric 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 Rodgers21/01/2011Jenny 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.
Craig Moran25/01/2011Craig 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.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Episode Growth A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price80.76
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMY19
M&G Episode Growth A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price58.65
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMY18
M&G Episode Growth I Acc GBP
Initial charge1%
Annual charge0.65%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price1578.77
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZF2
M&G Episode Growth I Inc GBP
Initial charge1%
Annual charge0.65%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price1433.3
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZF3
M&G Episode Growth R Acc GBP
Initial charge1%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price156.59
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZF4
M&G Episode Growth R Inc GBP
Initial charge1%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price142.16
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZF5
M&G Episode Growth X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price58.47
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMA77
Data provided by

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