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 invests globally across a range of asset classes with the aim of maximising total return (the combination of income and growth of capital). Exposure to these assets is gained through physical holdings and the use of derivatives. In-depth analysis to determine the value of assets over the medium to long term is central to the investment approach. This is combined with insight into investor behaviour, which suggests that human reaction to events tends to cause an asset to become under- or overpriced in the short term, thus creating investment opportunities.
Benchmark
  • FTSE World
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
4.3%
1 Year rank in sector
247/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
2.5%
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.
0.93%
Fund size
£884m (£930m 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.
88
Mid price
1418.75
Top in this sector
Fund name1 Year
Orbis Gbl Bal32.7%
CF Greenmount20.7%
HSBC Wld Seltn Advntr Pfl19.7%
S&W Millbank East River18.8%
FP MA DRP VIII18.6%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • USA17.9%
    Money Market14.8%
    Europe14.7%
    Not Specified13%
    Japan12.4%
  • Equities75.4%
    Money Market14.8%
    Corporate Bonds12.3%
    Mutual Funds0.7%
    Government Bonds-3.2%
  • US Equities21%
    Money Market14.8%
    European Equities14.7%
    Japanese Equities12.4%
    Global Corporate Fixed Interest12.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%2.1%9.7%4.3%17.6%47.5%
Sector-2%0%8.3%8.7%18.3%45.3%
Rank within sector1 / 28026 / 27985 / 275247 / 268157 / 240112 / 207
Quartile1st1st2nd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.5%5.7%3.7%15.5%9.6%
Sector9.5%2.2%5%13.5%9%
Rank within sector222 / 26822 / 252199 / 24290 / 224107 / 207
Quartile4th1st4th2nd3rd
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.
-1.33
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.
1.15
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.
0.19
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%.
9.69
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.
5.45
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 high1425.18
52 week low1123.93
Current bid price-
Current offer price-
Current mid price1418.75
Region
1USA17.9%
2Money Market14.8%
3Europe14.7%
4Not Specified13%
5Japan12.4%
6UK11%
7Asia Pacific ex Japan9.8%
8International6.4%
Industry sector
1Equities75.4%
2Money Market14.8%
3Corporate Bonds12.3%
4Mutual Funds0.7%
5Government Bonds-3.2%
Asset type
1US Equities21%
2Money Market14.8%
3European Equities14.7%
4Japanese Equities12.4%
5Global Corporate Fixed Interest12.3%
6UK Equities11%
7Asia Pacific ex Japan Equities9.8%
8International Equities5%
9Other International Equities1.5%
Individual holdings
No data available.
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund invests globally across a range of asset classes with the aim of maximising total return (the combination of income and growth of capital). Exposure to these assets is gained through physical holdings and the use of derivatives. In-depth analysis to determine the value of assets over the medium to long term is central to the investment approach. This is combined with insight into investor behaviour, which suggests that human reaction to events tends to cause an asset to become under- or overpriced in the short term, thus creating investment opportunities.
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)1.79%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price72.84
CurrencyGBX
Price updated02/12/2016
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)1.78%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price53.41
CurrencyGBX
Price updated02/12/2016
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)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price1418.75
CurrencyGBX
Price updated02/12/2016
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)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price1299.86
CurrencyGBX
Price updated02/12/2016
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)1.13%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price140.81
CurrencyGBX
Price updated02/12/2016
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)1.13%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price129.06
CurrencyGBX
Price updated02/12/2016
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)1.78%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price53.24
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMA77
Data provided by

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