Fact sheet: M&G North American Value

Fund information
Fund name
M&G North American Value I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Daniel Whitesince 01/09/2013
  • Richard Hallesince 01/09/2013
Fund objective
The fund invests in the shares of North American companies that are deemed to be undervalued, with the aim of delivering capital growth over the long term (that is, over five years or more). The fund manager employs a ‘value strategy’ that involves investing in cheap, out-of-favour companies whose share price, in his view, does not reflect the underlying value of the business. Stocks are selected on the basis of their individual merits, through a combination of value-focused screening and qualitative assessment. The fund manager seeks to construct a diversified portfolio of 60-100 stocks and has a typical holding period of three to five years.
Benchmark
  • S & P 500 Composite
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
29.8%
1 Year rank in sector
12/82
Sector
UT North America
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.
0.91%
Fund size
£509m (£347m 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.
108
Mid price
2376.56
Top in this sector
Fund name1 Year
VT De Lisle America39.5%
GAM North American Growth33.6%
UBS US Equity33%
Royal London US Gth Trst32.3%
Investec American32.1%
...more in UT North America

Performance snapshot

Holdings snapshot

  • USA93.6%
    Money Market4.9%
    Canada1.5%
  • Information Technology19%
    Financials17.6%
    Health Care15.2%
    Consumer Discretionary11.4%
    Energy9.7%
  • US Equities93.6%
    Money Market4.9%
    Canadian Equities1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.9%-1.9%6.4%29.8%65.4%134.1%
Sector-4.6%-0.6%5.1%26.3%65.2%114.1%
Rank within sector52 / 8874 / 8717 / 8612 / 8250 / 747 / 63
Quartile3rd4th1st1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund-2.1%41.1%2.2%21%37.2%
Sector0.3%31.2%4.9%17.8%30.5%
Rank within sector78 / 8710 / 8166 / 7922 / 726 / 65
Quartile4th1st4th2nd1st
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.
1.73
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.
0.97
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.
1.42
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%.
11.46
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.
3.43
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.
0.35
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.
0.91
Price movement
52 week high2540.45
52 week low1740.28
Current bid price-
Current offer price-
Current mid price2376.56
Region
1USA93.64%
2Money Market4.86%
3Canada1.5%
Industry sector
1Information Technology18.99%
2Financials17.57%
3Health Care15.23%
4Consumer Discretionary11.35%
5Energy9.74%
6Consumer Staples9.46%
7Industrials5.17%
8Money Market4.86%
9Telecommunications3.06%
Asset type
1US Equities93.64%
2Money Market4.86%
3Canadian Equities1.5%
Individual holdings
1ALPHABET INC3.71%
2PFIZER INC2.84%
3JOHNSON & JOHNSON2.83%
4JPMORGAN CHASE & CO2.7%
5MICROSOFT CORP2.55%
6CITIGROUP INC2.27%
7CHEVRON CORP2%
8AT&T INC1.94%
9MERCK SA1.91%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund invests in the shares of North American companies that are deemed to be undervalued, with the aim of delivering capital growth over the long term (that is, over five years or more). The fund manager employs a ‘value strategy’ that involves investing in cheap, out-of-favour companies whose share price, in his view, does not reflect the underlying value of the business. Stocks are selected on the basis of their individual merits, through a combination of value-focused screening and qualitative assessment. The fund manager seeks to construct a diversified portfolio of 60-100 stocks and has a typical holding period of three to five years.
Benchmark
  • S & P 500 Composite
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Daniel White01/09/2013Daniel White joined M&G in 2005 as a sector analyst and has worked closely with Richard Halle on the M&G European Strategic Value Fund since its launch in February 2008. He is deputy fund manager on the fund. In September 2013, Daniel was appointed fund manager of the M&G North American Value Fund. He previously worked at Deloitte & Touche as an accountant. He graduated from the University of Southampton with a BSc in oceanography in 2001. In 2005, he qualified as a chartered accountant and is also a chartered financial analyst (CFA) charterholder.
Richard Halle01/09/2013Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002, he has been managing various institutional mandates on a European value strategy, and in 2008, he was appointed fund manager of the M&G European Strategic Value Fund upon its launch. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Sweden
M&G North American Value A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price20.1435
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUS31
M&G North American Value A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price124.71
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUS28
M&G North American Value A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price14.476
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeR863
M&G North American Value A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price121.31
CurrencyGBX
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUS83
M&G North American Value C Acc EUR
Initial charge3.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price22.0233
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeUS32
M&G North American Value C Acc USD
Initial charge3.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price15.622
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeR862
M&G North American Value 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 price2376.56
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZFA
M&G North American Value 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 price2278.83
CurrencyGBX
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZFB
M&G North American Value 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 price234.72
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZFC
M&G North American Value 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 price227.43
CurrencyGBX
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZFD
M&G North American Value X Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price124.96
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUS29
M&G North American Value X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price121.35
CurrencyGBX
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUS30
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