Fact sheet: M&G Income Allocation

Fund information
Fund name
M&G Income Allocation B Q Acc
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Steven Andrewsince 07/11/2013
  • Juan Nevadosince 07/11/2013
Fund objective
The fund aims to provide a growing level of income over three years through investment in a range of assets from around the world. Subject to this, the fund aims to grow capital over the long term (that is, time periods of five years or more). The core of the fund comprises company shares and fixed income securities. It may also invest in derivatives. The holdings in different asset classes will be adjusted regularly according to where the fund manager sees the most value and to manage risks.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
13.6%
1 Year rank in sector
-
Sector
UT Unclassified
Yield
1.3%
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.
2.19%
Fund size
£922m (£913m 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.
81
Mid price
11.4548
Top in this sector
Fund name1 Year
Santander Global Emg Shs Pfl42%
FP Aggressive Portfolio Overlay29.5%
HSBC Wld Sel Dynamic Pfl27.6%
FP Verbatim Portfolio 727.6%
Rathbone Pharaoh Income26.5%
...more in UT Unclassified

Performance snapshot

Holdings snapshot

  • USA26.7%
    Europe24.7%
    Others14.8%
    Money Market9%
    Asia Pacific ex Japan8.3%
  • Equities45.5%
    Government Bonds37.6%
    Money Market9%
    Corporate Bonds7.9%
  • European Fixed Interest15.5%
    US Equities14.9%
    US Fixed Interest11.8%
    Global Fixed Interest10.9%
    European Equities9.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%3.5%7%13.6%--
Sector1.6%2.1%6.6%15.6%23.3%48.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund4.1%9.2%---
Sector4.1%11.5%1.7%5.7%9.6%
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 high11.48
52 week low9.78
Current bid price-
Current offer price-
Current mid price11.45
Region
1USA26.71%
2Europe24.68%
3Others14.85%
4Money Market9%
5Asia Pacific ex Japan8.29%
6Not Specified7.94%
7UK6.12%
8Japan2.41%
Industry sector
1Equities45.5%
2Government Bonds37.56%
3Money Market9%
4Corporate Bonds7.94%
Asset type
1European Fixed Interest15.51%
2US Equities14.91%
3US Fixed Interest11.8%
4Global Fixed Interest10.88%
5European Equities9.18%
6Money Market9%
7Asia Pacific ex Japan Equities8.29%
8UK Equities6.75%
9Global High Yield Fixed Interest5.22%
Individual holdings
No data available.
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to provide a growing level of income over three years through investment in a range of assets from around the world. Subject to this, the fund aims to grow capital over the long term (that is, time periods of five years or more). The core of the fund comprises company shares and fixed income securities. It may also invest in derivatives. The holdings in different asset classes will be adjusted regularly according to where the fund manager sees the most value and to manage risks.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
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.
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.
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)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price12.8066
CurrencyEUR
Price updated24/05/2017
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)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price11.3271
CurrencyEUR
Price updated24/05/2017
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)1.68%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price9.8455
CurrencyEUR
Price updated24/05/2017
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)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price12.4795
CurrencyCHF
Price updated24/05/2017
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 price11.5003
CurrencySGD
Price updated24/05/2017
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 price11.4455
CurrencyUSD
Price updated24/05/2017
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 price10.8587
CurrencySGD
Price updated24/05/2017
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 price10.8078
CurrencyUSD
Price updated24/05/2017
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)2.19%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price11.4548
CurrencyEUR
Price updated24/05/2017
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)2.19%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price10.7478
CurrencyEUR
Price updated24/05/2017
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 price13.1116
CurrencyEUR
Price updated24/05/2017
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 price11.6571
CurrencyEUR
Price updated24/05/2017
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)0.82%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price10.0014
CurrencyEUR
Price updated24/05/2017
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)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price12.7591
CurrencyCHF
Price updated24/05/2017
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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price11.6271
CurrencySGD
Price updated24/05/2017
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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price11.5684
CurrencyUSD
Price updated24/05/2017
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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price11.0071
CurrencySGD
Price updated24/05/2017
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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price10.9557
CurrencyUSD
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMPEW
Data provided by

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