Fact sheet: M&G Eurpn Strat Value

Fund information
Fund name
M&G European Strategic Value I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Daniel Whitesince 01/02/2008
  • Richard Hallesince 01/02/2008
Fund objective
The fund is invested principally in the shares of European (including UK) companies that are deemed to be undervalued, with the aim of delivering income and capital growth over the long term (that is over five years or more). The fund manager employs a ‘value strategy’, that is, investing in cheap, out-of-favour companies whose share price, in his view, does not reflect the underlying value of the business. Stocks are selected on the basis of their individual merits, through a combination of value-focused screening and qualitative assessment. The fund manager seeks to construct a diversified portfolio of 60 to 100 stocks, with a typical holding period of three to five years.
Benchmark
  • MSCI Europe
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
28.2%
1 Year rank in sector
1/13
Sector
UT Europe Including UK
Yield
1.8%
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.
0.92%
Fund size
£1,508m (£995m 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.
105
Mid price
195.75
Top in this sector
Fund name1 Year
M&G Eurpn Strat Value28.2%
Fidelity Pan European26.1%
M&G Pan European Select24.6%
Blackrock Inst Eq Cont Eur24.6%
GAM European Gth & Val23.7%
...more in UT Europe Including UK

Performance snapshot

Holdings snapshot

  • UK23.3%
    Germany16%
    France12%
    Finland7.5%
    Switzerland7.4%
  • Financials17.6%
    Industrials14.2%
    Health Care12.6%
    Consumer Discretionary10.7%
    Energy8.9%
  • UK Equities23.3%
    German Equities16%
    French Equities12%
    Finnish Equities7.5%
    Swiss Equities7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%8%10.1%28.2%28.1%74.2%
Sector1.1%8%6.4%20.8%20.1%59.1%
Rank within sector10 / 157 / 153 / 151 / 133 / 123 / 12
Quartile3rd2nd1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.8%21.7%4.6%0.4%29.8%
Sector2.1%12.9%7.7%-2.3%25.5%
Rank within sector11 / 151 / 1313 / 133 / 124 / 12
Quartile3rd1st4th1st2nd
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.
1.84
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
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.
0.64
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%.
10.6
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.
3.15
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.
0.56
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.
0.91
Price movement
52 week high198.16
52 week low150.56
Current bid price-
Current offer price-
Current mid price195.75
Region
1UK23.35%
2Germany15.96%
3France12.03%
4Finland7.45%
5Switzerland7.37%
6Netherlands6.71%
7Money Market6.49%
8Sweden4.44%
9Italy4.28%
Industry sector
1Financials17.57%
2Industrials14.15%
3Health Care12.59%
4Consumer Discretionary10.68%
5Energy8.86%
6Consumer Staples7.42%
7Materials6.82%
8Money Market6.49%
9Information Technology5.91%
Asset type
1UK Equities23.35%
2German Equities15.96%
3French Equities12.03%
4Finnish Equities7.45%
5Swiss Equities7.37%
6Dutch Equities6.71%
7Money Market6.49%
8Swedish Equities4.44%
9Italian Equities4.28%
Individual holdings
1BP3.3%
2BAYER AG3.18%
3NOVARTIS AG2.93%
4SECURITAS AB2.13%
5SANOFI1.96%
6AVIVA1.89%
7ASTRAZENECA PLC1.78%
8ING GROEP N.V.1.76%
9VIVENDI1.75%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund is invested principally in the shares of European (including UK) companies that are deemed to be undervalued, with the aim of delivering income and capital growth over the long term (that is over five years or more). The fund manager employs a ‘value strategy’, that is, investing in cheap, out-of-favour companies whose share price, in his view, does not reflect the underlying value of the business. Stocks are selected on the basis of their individual merits, through a combination of value-focused screening and qualitative assessment. The fund manager seeks to construct a diversified portfolio of 60 to 100 stocks, with a typical holding period of three to five years.
Benchmark
  • MSCI Europe
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Daniel White01/02/2008Daniel White joined M&G in 2005 as a sector analyst and has worked closely with Richard Halle on the M&G European Strategic Value Fund since its launch in February 2008. He is deputy fund manager on the fund. In September 2013, Daniel was appointed fund manager of the M&G North American Value Fund. He previously worked at Deloitte & Touche as an accountant. He graduated from the University of Southampton with a BSc in oceanography in 2001. In 2005, he qualified as a chartered accountant and is also a chartered financial analyst (CFA) charterholder.
Richard Halle01/02/2008Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002, he has been managing various institutional mandates on a European value strategy, and in 2008, he was appointed fund manager of the M&G European Strategic Value Fund upon its launch. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.
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, Singapore, Sweden
M&G European Strategic Value A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price181.31
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB1O5
M&G European Strategic Value A Acc USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price9.8192
CurrencyUSD
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJ2F
M&G European Strategic Value A Gr Acc EUR
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price16.0486
CurrencyEUR
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB1O6
M&G European Strategic Value A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price156.98
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeB1O4
M&G European Strategic Value C Acc USD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price10.0113
CurrencyUSD
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKJ2G
M&G European Strategic Value C Gr Acc EUR
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price17.3218
CurrencyEUR
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB1O9
M&G European Strategic Value I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price195.75
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB1O8
M&G European Strategic Value I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price157.74
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeB1O7
M&G European Strategic Value R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price185.39
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZDJ
M&G European Strategic Value R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price172.19
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZDK
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