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
  • Tony Findingsince 11/11/2010
  • Steven Andrewsince 11/11/2010
Fund objective
The fund seeks to deliver an attractive level of income that grows over time by investing globally in a diverse range of assets. The level of income may vary over time. Subject to this, the fund aims to provide capital growth over the long term. The core of the fund comprises company shares and fixed income securities. Exposure to these assets is gained through physical holdings and the use of derivatives. The blend of assets is regularly adjusted depending on where the manager sees the most value and to manage risks.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
12.8%
1 Year rank in sector
26/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
2.8%
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.
0.81%
Fund size
£614m (£421m 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.
58
Mid price
1402.01
Top in this sector
Fund name1 Year
AXA Global Distribution20.2%
S&W The Magpie18.8%
SVS TPI Balanced 218.8%
Investec Caut Mgd18.4%
AXA Lifetime Distribution16.7%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Europe26.3%
    USA23.9%
    International14.6%
    Not Specified12.4%
    Japan8.1%
  • Equities49.2%
    Government Bonds30.9%
    Corporate Bonds8.7%
    Money Market7.4%
    Mutual Funds3.7%
  • US Equities20%
    European Government Fixed Interest16.3%
    Global Government Fixed Interest10.5%
    European Equities10%
    Japanese Equities8.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%3.3%10.2%12.8%27.4%47.7%
Sector-0.1%-0.2%6.3%8.3%16.6%35.5%
Rank within sector4 / 2146 / 21318 / 21126 / 2047 / 17324 / 144
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund13.7%-2.6%13.7%7.3%8.4%
Sector8.4%1.2%5%9%8%
Rank within sector17 / 204183 / 1901 / 175124 / 16189 / 145
Quartile1st4th1st4th3rd
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.
1.69
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.
1.18
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%.
7.22
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.
3.82
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.
0.64
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.
0.74
Price movement
52 week high1397
52 week low1141.43
Current bid price-
Current offer price-
Current mid price1402.01
Region
1Europe26.3%
2USA23.9%
3International14.6%
4Not Specified12.4%
5Japan8.1%
6Money Market7.4%
7UK5.7%
8Asia Pacific ex Japan1.6%
Industry sector
1Equities49.2%
2Government Bonds30.9%
3Corporate Bonds8.7%
4Money Market7.4%
5Mutual Funds3.7%
6Convertibles0.1%
Asset type
1US Equities20%
2European Government Fixed Interest16.3%
3Global Government Fixed Interest10.5%
4European Equities10%
5Japanese Equities8.1%
6Money Market7.4%
7UK Equities5.7%
8Global Investment Grade Fixed Interest4.6%
9Global High Yield Fixed Interest4.1%
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 deliver an attractive level of income that grows over time by investing globally in a diverse range of assets. The level of income may vary over time. Subject to this, the fund aims to provide capital growth over the long term. The core of the fund comprises company shares and fixed income securities. Exposure to these assets is gained through physical holdings and the use of derivatives. The blend of assets is regularly adjusted depending on where the manager sees the most value and to manage risks.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Tony Finding11/11/2010Tony 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.
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.
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 price153.54
CurrencyGBX
Price updated08/12/2016
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 price122.89
CurrencyGBX
Price updated08/12/2016
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)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1402.01
CurrencyGBX
Price updated08/12/2016
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)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1202.14
CurrencyGBX
Price updated08/12/2016
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 price139.07
CurrencyGBX
Price updated08/12/2016
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 price119.19
CurrencyGBX
Price updated08/12/2016
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 price153.59
CurrencyGBX
Price updated08/12/2016
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 price122.96
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLKK8
Data provided by

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