Fact sheet: M&G PP UK Equity Div Pn

Fund information
Fund name
M&G PP UK Equity Dividend Pn Acc
Fund manager company
M&G
Fund type
Pension Fund
Fund managers
  • Richard Hughessince 30/06/2011
No data available.
Fund objective
The fund invests in shares of UK companies and is actively managed against its performance benchmark of the FTSE All-Share Index. The fund’s investment approach follows the belief that strong dividend yield premiums should drive long-term performance. The fund targets a yield that is 33% higher than that of the benchmark although this may vary in the shorter term. To achieve this yield target, the fund invests in higher yielding stocks, with a bias towards companies whose dividends are expected to grow.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
10.3%
1 Year rank in sector
73/225
Sector
PN UK Equity Income
Yield
-
Fund size
£106m (£106m 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.
89
Bid price
17.52
Offer price
17.65
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income31.3%
OMW IPLM&GGlLePn25.8%
FL Income Accumulation Pn25.7%
FL Schroder Inc AP25.4%
Zurich Schroder Income Pn24.6%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-2.6%5.4%10.3%19.5%68.9%
Sector1.3%-0.7%7.2%9.3%20.2%62.5%
Rank within sector183 / 229169 / 229138 / 22973 / 225121 / 20575 / 192
Quartile4th3rd3rd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.6%4.5%2.2%24.6%15.4%
Sector8.2%3.9%3.7%23.2%13.2%
Rank within sector78 / 225139 / 220157 / 20586 / 19775 / 192
Quartile2nd3rd4th2nd2nd
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.
0.52
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.
0.91
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.
0.22
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%.
9.22
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.
4.31
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
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.
0.79
Price movement
52 week high18.49
52 week low14.55
Current bid price17.52
Current offer price17.65
Current mid price-
Region
1UK100%
Industry sector
1Financials19.5%
2Industrials14.1%
3Consumer Goods13.7%
4Consumer Services11.4%
5Oil & Gas10.8%
6Health Care10.7%
7Utilities6.9%
8Basic Materials5.3%
9Telecommunications5.3%
Asset type
1UK Equities100%
Individual holdings
No data available.
Management
Fund manager group
M&G
Fund manager company
M&G
Fund type
Pension Fund
Fund objective
The fund invests in shares of UK companies and is actively managed against its performance benchmark of the FTSE All-Share Index. The fund’s investment approach follows the belief that strong dividend yield premiums should drive long-term performance. The fund targets a yield that is 33% higher than that of the benchmark although this may vary in the shorter term. To achieve this yield target, the fund invests in higher yielding stocks, with a bias towards companies whose dividends are expected to grow.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Richard Hughes30/06/2011Richard 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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
M&G PP UK Equity Dividend Pn Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price17.52
Offer price17.65
Mid price-
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAUQ9
Data provided by

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