Fact sheet: M&G Hi Inc IT

Fund information
Fund name
M&G High Income IT Package Uts
Fund manager company
M&G Investment Management Ltd
Fund type
Investment Trust
Fund managers
  • Richard Hughessince 01/03/2011
Fund objective
The Company’s investment objective is to achieve an above average and increasing income over the 20 year life of the Company while at the same time seeking to achieve capital growth.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
4.9%
1 Year rank in sector
5/8
Sector
IT UK Equity & Bond Income
Yield
4.6%
Fund size
£406m
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.
122
Mid price
162
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
172.41
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-5.89
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Jupiter Div & Gth11.6%
Investors Cap Tst10.6%
CQS NewCityHighYldFdLtdOrd NPV8.4%
City MerchantsHiYdTstLtd7.8%
M&G Hi Inc IT4.9%
...more in IT UK Equity & Bond Income

Performance snapshot

Holdings snapshot

  • UK95.7%
    Money Market2.5%
    USA0.7%
    International0.4%
    Belgium0.3%
  • Others24.6%
    Financials16.4%
    Consumer Goods10.5%
    Industrials8.3%
    Health Care7.8%
  • UK Equities97.2%
    Money Market1%
    US Equities0.7%
    Supranational Fixed Interest0.4%
    Belgian Equities0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.6%5.2%4.9%12.2%66%
Sector-0.7%0.8%4.3%4%14.3%92.9%
Rank within sector3 / 82 / 84 / 85 / 86 / 86 / 8
Quartile2nd1st2nd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.2%6.5%2.7%22.7%15.1%
Sector3.5%11.1%-1.5%35.3%25.6%
Rank within sector5 / 86 / 85 / 85 / 86 / 8
Quartile3rd3rd3rd3rd3rd
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.
-2.97
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.
1.71
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.
0.12
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%.
17.31
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.
12.67
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.
-0.01
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.
0.56
Price movement
52 week high173
52 week low145
Current bid price157
Current offer price167
Current mid price162
Region
1UK95.74%
2Money Market2.47%
3USA0.73%
4International0.37%
5Belgium0.26%
6Netherlands0.18%
7Denmark0.16%
8Germany0.09%
Industry sector
1Others24.62%
2Financials16.4%
3Consumer Goods10.51%
4Industrials8.26%
5Health Care7.79%
6Oil & Gas7.57%
7Consumer Services6.8%
8Telecommunications4.71%
9Utilities4.6%
Asset type
1UK Equities97.16%
2Money Market1.02%
3US Equities0.74%
4Supranational Fixed Interest0.37%
5Belgian Equities0.27%
6Dutch Equities0.18%
7Danish Equities0.17%
8German Equities0.09%
Individual holdings
1ROYAL DUTCH SHELL4.81%
2HSBC HLDGS4.08%
3BRITISH AMERICAN TOBACCO3.74%
4GLAXOSMITHKLINE3.68%
5ASTRAZENECA PLC3.13%
6BP2.75%
7VODAFONE GROUP2.51%
8SAGE GROUP2.46%
9IMPERIAL BRANDS PLC2.03%
Management
Fund manager group
M&G
Fund manager company
M&G Investment Management Ltd
Fund type
Investment Trust
Fund objective
The Company’s investment objective is to achieve an above average and increasing income over the 20 year life of the Company while at the same time seeking to achieve capital growth.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Richard Hughes01/03/2011Richard 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.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
M&G High Income IT Cap
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.05
Offer price0.35
Mid price0.2
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePK08
M&G High Income IT Cap NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.26
CurrencyGBX
Price updated24/06/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKTI0
M&G High Income IT Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price50.86
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJJR
M&G High Income IT Inc & Gwth
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price50.86
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJEF
M&G High Income IT Inc & Gwth NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price50.86
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKTH9
M&G High Income IT Inc NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price50.86
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKTI1
M&G High Income IT Package Uts
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price170.04
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJLC
M&G High Income IT Package Uts NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price170.04
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKTI2
M&G High Income IT ZDP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.17
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJLX
M&G High Income IT ZDP NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.17
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKTI3
Data provided by

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