Fact sheet: M&G Extra Income

Fund information
Fund name
M&G Extra Income I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Richard Hughessince 16/05/2002
  • Sam Fordsince 01/02/2015
Fund objective
The fund seeks to provide a high and rising income as well as capital growth through a portfolio of shares and high-quality bonds issued by UK companies. The target yield (the fund’s annual income distribution as a percentage of the unit price) is 50% higher than that of the FTSE All-Share Index, but this may vary in the short term. The level of income provided may also fluctuate over time. The fund has a bias towards the higher yielding sectors of the market, but it aims to have a broadly diversified portfolio within these yield constraints.
Benchmark
No data available.
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
8.5%
1 Year rank in sector
10/28
Sector
UT UK Equity & Bond Income
Yield
4.3%
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.
0.91%
Fund size
£408m (£404m 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.
71
Mid price
1446.87
Top in this sector
Fund name1 Year
First Arrow Diversified20.8%
S&W Millbank Veracruz19.8%
S&W Millbank Brooklyn18.8%
S&W Millbank Blackwall13.5%
M&G NAACIF12.6%
...more in UT UK Equity & Bond Income

Performance snapshot

Holdings snapshot

  • UK91.8%
    USA2.8%
    Germany1.7%
    International1.1%
    France0.7%
  • Fixed Interest20.4%
    Financials15.9%
    Consumer Goods11.8%
    Oil & Gas7.9%
    Utilities7.6%
  • UK Equities71.2%
    UK Corporate Fixed Interest9.2%
    Preference Shares6.9%
    US Corporate Fixed Interest2.7%
    German Corporate Fixed Interest1.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%-2.3%5.7%8.5%21.6%61%
Sector-0.2%-0.9%6.8%7.6%19%49.2%
Rank within sector6 / 2820 / 2919 / 2910 / 289 / 259 / 24
Quartile1st3rd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.5%2.3%6.8%17.7%15%
Sector8.1%2.7%5.5%15.5%10.3%
Rank within sector11 / 2818 / 265 / 2512 / 245 / 24
Quartile2nd3rd1st2nd1st
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.
1.32
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.
0.43
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%.
7.5
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.
2.37
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.
0.53
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.
0.9
Price movement
52 week high1517.83
52 week low1249.45
Current bid price-
Current offer price-
Current mid price1446.87
Region
1UK91.76%
2USA2.82%
3Germany1.72%
4International1.13%
5France0.75%
6Denmark0.4%
7Spain0.31%
8Canada0.28%
9Netherlands0.28%
Industry sector
1Fixed Interest20.43%
2Financials15.91%
3Consumer Goods11.84%
4Oil & Gas7.93%
5Utilities7.6%
6Consumer Services7.55%
7Preference Shares6.87%
8Industrials6.34%
9Health Care6.18%
Asset type
1UK Equities71.2%
2UK Corporate Fixed Interest9.21%
3Preference Shares6.87%
4US Corporate Fixed Interest2.75%
5German Corporate Fixed Interest1.72%
6UK Gilts1.65%
7Others1.5%
8UK Index-Linked Gilts1.39%
9Global Corporate Fixed Interest1.13%
Individual holdings
1BRITISH AMERICAN TOBACCO7.03%
2BP4.23%
3ROYAL DUTCH SHELL3.7%
4ASTRAZENECA PLC3.15%
5GENERAL ACCIDENT3.09%
6GLAXOSMITHKLINE3.03%
7VODAFONE GROUP2.95%
8HSBC HLDGS2.94%
9LLOYDS BANKING GROUP PLC2.91%
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 income as well as capital growth through a portfolio of shares and high-quality bonds issued by UK companies. The target yield (the fund’s annual income distribution as a percentage of the unit price) is 50% higher than that of the FTSE All-Share Index, but this may vary in the short term. The level of income provided may also fluctuate over time. The fund has a bias towards the higher yielding sectors of the market, but it aims to have a broadly diversified portfolio within these yield constraints.
Benchmark
No data available.
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Richard Hughes16/05/2002Richard Hughes joined M&G in 1986. He is a UK equity income fund manager with responsibility for the management of Charifund, the M&G Extra Income Fund and the M&G High Income Investment Trust. Richard previously worked for Derbyshire County Council where he was manager of its pension fund. He graduated from Sheffield University with an honours degree in accounting and economics. He is an associate of CFA UK.
Sam Ford01/02/2015Sam Ford was appointed deputy manager of the M&G Pan European Dividend Fund, M&G Dividend Fund and M&G Extra Income Fund in February 2015. Sam initially joined M&G in 2014 as a dedicated analyst to the Income team. Prior to M&G, Sam worked at Alliance Trust, most recently as an investment manager with the Global Equities team. Sam graduated from the University of Strathclyde with a masters degree (merit) in chemical & process engineering and is a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Extra Income A Acc GBP
Initial charge4%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price6410.21
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG41
M&G Extra Income A Inc GBP
Initial charge4%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price742.08
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG11
M&G Extra Income I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price1446.87
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZDL
M&G Extra Income I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price1200.98
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZDM
M&G Extra Income 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 price143.27
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZDN
M&G Extra Income R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price118.81
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZDO
M&G Extra Income X Acc GBP
Initial charge-
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price6337.16
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMW73
M&G Extra Income X Inc GBP
Initial charge-
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price748.13
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW72
Data provided by

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