Fact sheet: M&G Income Allocation

Fund information
Fund name
M&G Income Allocation B Q Inc
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Juan Nevadosince 07/11/2013
  • Steven Andrewsince 07/11/2013
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
4.6%
1 Year rank in sector
-
Sector
UT Unclassified
Yield
3.5%
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.
2.16%
Fund size
£847m (£1,113m last year)
Mid price
10.2168
Top in this sector
Fund name1 Year
Santander Global Emg Shs Pfl23.8%
Architas MA Passive Dynamic20.3%
Aberdeen Stg Index-Linked Bd19.8%
HSBC Wld Sel Dynamic Pfl19.2%
TM Oak18.3%
...more in UT Unclassified

Performance snapshot

Holdings snapshot

  • Europe28%
    USA22.9%
    International15.9%
    Not Specified11.2%
    Japan8.5%
  • Equities49.6%
    Government Bonds33.2%
    Corporate Bonds10.6%
    Money Market6%
    Mutual Funds0.6%
  • US Equities19%
    European Government Fixed Interest17.7%
    Global Government Fixed Interest11.6%
    European Equities10.3%
    Japanese Equities8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.7%0.8%4.9%4.6%--
Sector-0.9%-0.9%6.2%8.1%17.5%39.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund5.9%----
Sector8.2%1.7%5.7%9.6%9.3%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high10.26
52 week low8.99
Current bid price-
Current offer price-
Current mid price10.22
Region
1Europe28%
2USA22.9%
3International15.9%
4Not Specified11.2%
5Japan8.5%
6Money Market6%
7UK5.3%
8Asia Pacific ex Japan2.2%
Industry sector
1Equities49.6%
2Government Bonds33.2%
3Corporate Bonds10.6%
4Money Market6%
5Mutual Funds0.6%
Asset type
1US Equities19%
2European Government Fixed Interest17.7%
3Global Government Fixed Interest11.6%
4European Equities10.3%
5Japanese Equities8.5%
6Global High Yield Fixed Interest7.3%
7Money Market6%
8UK Equities5.3%
9Other International Equities4.3%
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
Juan Nevado07/11/2013Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. In January 2011, Juan was appointed co-manager of the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund. In November 2013 and April 2015, he was also appointed deputy manager of the M&G Income Allocation Fund and co-manager of the M&G Prudential Allocation Fund respectively upon their launches. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.
Steven Andrew07/11/2013Steven 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
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Australia, Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Singapore, Sweden
M&G Income Allocation A Acc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price11.9192
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQDQ
M&G Income Allocation A Inc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price10.7123
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJQDR
M&G Income Allocation A Q EUR
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price9.3358
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM62H
M&G Income Allocation AH Acc CHF
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.71%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price11.6394
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQDU
M&G Income Allocation AH Acc SGD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price10.6374
CurrencySGD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMPEP
M&G Income Allocation AH Acc USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price10.58
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMPET
M&G Income Allocation AH Inc SGD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price10.2038
CurrencySGD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPEQ
M&G Income Allocation AH Inc USD
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price10.1514
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPEU
M&G Income Allocation B Q Acc
Initial charge1.25%
Annual charge2%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)2.15%
Bid price-
Offer price-
Mid price10.6794
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMPEE
M&G Income Allocation B Q Inc
Initial charge1.25%
Annual charge2%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)2.16%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price10.2168
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPEF
M&G Income Allocation C Acc
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price12.1635
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJQDS
M&G Income Allocation C Inc
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price10.9777
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJQDT
M&G Income Allocation C Q EUR
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price9.4406
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM62I
M&G Income Allocation CH Acc CHF
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price11.8641
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJQDV
M&G Income Allocation CH Acc SGD
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10.7207
CurrencySGD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMPER
M&G Income Allocation CH Acc USD
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10.6626
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMPEV
M&G Income Allocation CH Inc SGD
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10.3001
CurrencySGD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMPES
M&G Income Allocation CH Inc USD
Initial charge1.25%
Annual charge0.65%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10.2478
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMPEW
Data provided by

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