Fact sheet: M&G Episode Income

Fund information
Fund name
M&G Episode Income I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Steven Andrewsince 11/11/2010
  • Maria Municchisince 01/01/2017
Fund objective
The fund seeks to provide a high and rising level of income through investment in a diversified range of assets. Subject to this, the fund aims to grow capital over the long term (that is, time periods of five years or more). The fund invests in a range of income-generating assets from around the world, including company shares and fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The holdings in different asset classes will be adjusted regularly according to where the fund manager sees the most value and to manage risks.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
17.3%
1 Year rank in sector
33/195
Sector
UT Mixed Investment 20-60% Shares
Yield
2.6%
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.
0.8%
Fund size
£676m (£433m 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.
56
Mid price
1478.01
Top in this sector
Fund name1 Year
S&W The Magpie28.7%
Omnis Multi-Asset Income25%
AXA Lifetime Distribution24.6%
Invesco Perp Eurpn High Inc24%
SVS TPI Balanced 223.3%
...more in UT Mixed Investment 20-60% Shares

Performance snapshot

Holdings snapshot

  • USA27.1%
    Europe23.7%
    Others13.3%
    Money Market9.7%
    Not Specified9.5%
  • Equities44.9%
    Government Bonds35.8%
    Money Market9.7%
    Corporate Bonds6.6%
    Mutual Funds2.9%
  • US Equities15.6%
    European Fixed Interest14.9%
    US Fixed Interest11.6%
    Money Market9.7%
    Global Fixed Interest9.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%3.3%7.7%17.3%24.5%54.1%
Sector1.2%1.8%6.1%14.1%19.7%41.7%
Rank within sector104 / 20318 / 20136 / 19833 / 19546 / 16927 / 140
Quartile3rd1st1st1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund4.1%14.9%-2.6%13.7%7.3%
Sector3.6%10.3%1.2%5%9%
Rank within sector72 / 20019 / 189172 / 1771 / 163119 / 152
Quartile2nd1st4th1st4th
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.
0.6
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.
1.23
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.
0.61
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%.
7.35
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.
3.75
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.
0.49
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.
0.76
Price movement
52 week high1483.05
52 week low1240.75
Current bid price-
Current offer price-
Current mid price1478.01
Region
1USA27.14%
2Europe23.7%
3Others13.3%
4Money Market9.74%
5Not Specified9.5%
6Asia Pacific ex Japan7.75%
7UK6.45%
8Japan2.43%
Industry sector
1Equities44.92%
2Government Bonds35.84%
3Money Market9.74%
4Corporate Bonds6.58%
5Mutual Funds2.92%
Asset type
1US Equities15.56%
2European Fixed Interest14.89%
3US Fixed Interest11.57%
4Money Market9.74%
5Global Fixed Interest9.67%
6European Equities8.81%
7Asia Pacific ex Japan Equities7.65%
8UK Equities6.83%
9Global Investment Grade Fixed Interest3.64%
Individual holdings
No data available.
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund seeks to provide a high and rising level of income through investment in a diversified range of assets. Subject to this, the fund aims to grow capital over the long term (that is, time periods of five years or more). The fund invests in a range of income-generating assets from around the world, including company shares and fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The holdings in different asset classes will be adjusted regularly according to where the fund manager sees the most value and to manage risks.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Steven Andrew11/11/2010Steven Andrew joined M&G in 2005 as a member of the portfolio strategy & risk team, before moving to the Multi Asset team, where he helped to formulate asset allocation strategies for M&G's multi-asset fund range. In November 2010, Steven was appointed manager of the M&G Episode Income Fund. Three years later, he became manager of the M&G Income Allocation Fund upon its launch. Steven began his career at the Bank of England in 1987 and subsequently worked at F&C Asset Management and Merrill Lynch before joining M&G. He holds a BSc (Hons) degree in financial economics from the University of London.
Maria Municchi01/01/2017
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Episode Income A Acc
Initial charge4%
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price161.41
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLKK5
M&G Episode Income A Inc
Initial charge4%
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price127
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLKK6
M&G Episode Income I Acc GBP
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price1478.01
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZEI
M&G Episode Income I Inc GBP
Initial charge1%
Annual charge0.6%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price1247.17
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZEJ
M&G Episode Income R Acc GBP
Initial charge1%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price146.47
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZEK
M&G Episode Income R Inc GBP
Initial charge1%
Annual charge0.85%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price123.49
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZEL
M&G Episode Income X Acc
Initial charge-
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price161.47
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLKK7
M&G Episode Income X Inc
Initial charge-
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price127.07
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLKK8
Data provided by

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