Fact sheet: M&G Managed Growth

Fund information
Fund name
M&G Managed Growth I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Craig Moransince 01/11/2013
  • David Fishwicksince 01/09/2015
Fund objective
The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund may also gain exposure to assets indirectly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.
Benchmark
  • FTSE World
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
34.6%
1 Year rank in sector
1/242
Sector
UT Flexible Investment
Yield
0.9%
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.
1.04%
Fund size
£962m (£794m 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.
96
Mid price
1571.71
Top in this sector
Fund name1 Year
M&G Managed Growth34.6%
TB Wise Income30.4%
CF Miton Worldwide Opps29.8%
TB Wise Investment29.5%
Smith & Williamson MM GblInvest29.4%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • USA42.7%
    UK10.6%
    Japan10.1%
    Money Market4.9%
    Germany4.3%
  • Financials27.8%
    Industrials13.5%
    Consumer Goods10.4%
    Others9.1%
    Health Care8.6%
  • US Equities42.7%
    UK Equities10.6%
    Japanese Equities10.1%
    Money Market4.9%
    German Equities4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%2.7%10.1%34.6%42.3%50.1%
Sector0.3%2.8%4.4%16.5%25.2%48.8%
Rank within sector43 / 255135 / 2525 / 2431 / 24211 / 19195 / 162
Quartile1st3rd1st1st1st3rd
Calendar performance
 YTD - 20172016201520142013
Fund4.8%32.9%-0.8%3.2%3.2%
Sector3.6%12.8%2%4.9%14.1%
Rank within sector68 / 2431 / 230187 / 208149 / 186167 / 176
Quartile2nd1st4th4th4th
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.
1.22
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.
1.35
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.
0.83
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%.
10.87
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.
4.58
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.
0.84
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.
0.88
Price movement
52 week high1598.44
52 week low1119.13
Current bid price-
Current offer price-
Current mid price1571.71
Region
1USA42.72%
2UK10.63%
3Japan10.06%
4Money Market4.85%
5Germany4.3%
6Hong Kong3.49%
7Korea2.74%
8Taiwan2.51%
9Denmark2.28%
Industry sector
1Financials27.77%
2Industrials13.51%
3Consumer Goods10.42%
4Others9.05%
5Health Care8.61%
6Technology8.58%
7Consumer Services6.19%
8Basic Materials4.92%
9Money Market4.85%
Asset type
1US Equities42.72%
2UK Equities10.63%
3Japanese Equities10.06%
4Money Market4.85%
5German Equities4.3%
6Hong Kong Equities3.49%
7South Korean Equities2.74%
8Taiwanese Equities2.51%
9Danish Equities2.28%
Individual holdings
1M&G GLOBAL SELECT FUND11.52%
2SOURCE FINANCIAL S&P US SECTOR10.92%
3M&G MACRO EPISODE FUND9.81%
4M&G INVESTMENT FUNDS 1 PAN EUROPEAN9.77%
5M&G JAPAN A INC GBP9.54%
6M&G NORTH AMERICAN VALUE A INC GBP9.16%
7M&G GLOBAL EMERGING MARKETS A ACC GBP8.91%
8M&G ASIAN C ACC EUR6.62%
9M&G PAN EUROPEAN DIVIDEND A ACC GBP5.73%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund may also gain exposure to assets indirectly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.
Benchmark
  • FTSE World
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Craig Moran01/11/2013Craig Moran was appointed co-manager of the M&G Prudent Allocation Fund on launch in April 2015. He has also been deputy fund manager on the M&G Managed Growth Fund since 2013 and on the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund since 2011. Craig joined M&G in 2005 as a performance and risk analyst and was later promoted as a fund managers' assistant to the Multi Asset team. In 2010, he became the team's investment analyst. Craig holds a bachelor of business degree from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.
David Fishwick01/09/2015David Fishwick is Head of Macro and Equities Investment at M&G Investments and co-fund manager of the M&G Episode Macro Fund. He is also fund manager of the M&G Managed Growth Fund. Dave has more than 20 years of investment management experience, having joined Prudential Portfolio Managers (now M&G Investments) in 1987 as a European economist and subsequently being responsible for forming views on global bond and currency markets and applying them to multi-asset funds. In 1994, Dave relocated to Australia where he was appointed head of fixed interest and asset allocation strategy in 1997. During that time, he developed his ideas on market behaviour and designed the strategy, philosophy and process implemented for an overlay mandate for the Prudential Life Fund upon his return to Europe in 1999. In light of the success of this mandate, the M&G Episode Macro Fund was launched in 2010, which follows the same strategy. Dave has a BSc in economics from Brunel University, London.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Managed Growth A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price113.98
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMY17
M&G Managed Growth A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price105.09
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMY16
M&G Managed Growth I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price1571.71
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZF6
M&G Managed Growth I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price1496.01
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZF7
M&G Managed Growth R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price155.61
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZF8
M&G Managed Growth R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price149.5
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZF9
M&G Managed Growth X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price104.69
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMA89
Data provided by

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