Fact sheet: M&G Property Portfolio

Fund information
Fund name
M&G Property Portfolio I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Justin Uptonsince 18/01/2013
  • Fiona Rowleysince 18/01/2013
Fund objective
The fund invests in a diversified portfolio of commercial property (such as retail, offices and industrial), predominantly in the UK. The fund manager seeks to maximise long-term total returns (the combination of income and growth of capital) by carefully selecting the assets held and actively managing those assets to enhance their value (for example, through property refurbishment and rent reviews).
Benchmark
  • No Specified Index
Investment style
None
Investment method
Physical
Quick stats
1 Year return
-6.7%
1 Year rank in sector
49/52
Sector
UT Property
Yield
4%
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.
1.29%
Fund size
£4,131m (£4,625m 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.
70
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop52.1%
Schroder Gbl Rel Est Sec Inc25.4%
BlackRock Gbl PrpSecEqTrk22.6%
First State AsianPropSec22%
F&C Gbl Real Est Secs21.9%
...more in UT Property

Performance snapshot

Holdings snapshot

  • South East UK45.5%
    Midlands17%
    Others10.8%
    Northern UK10.4%
    Scotland9.4%
  • Offices - Property36%
    Warehouse - Property20%
    Industrials13.9%
    Shop - Property11.5%
    Retail - Property11.3%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%3.9%-9.4%-6.7%16.6%24.5%
Sector-0.4%-0.7%1%4.5%21.2%34.5%
Rank within sector15 / 508 / 5554 / 5449 / 5235 / 4431 / 39
Quartile2nd1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-7.4%8.9%14.4%6.4%1.1%
Sector3.2%5.4%10.7%4.7%6.7%
Rank within sector49 / 5218 / 5121 / 4623 / 4225 / 39
Quartile4th2nd2nd3rd3rd
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.
6.5
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.
-0.12
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.
0.27
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%.
6.62
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.
9.13
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.
-0.3
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.
0.01
Price movement
52 week high1410.98
52 week low1206.5
Current bid price1278.83
Current offer price1304.92
Current mid price-
Region
1South East UK45.5%
2Midlands17%
3Others10.8%
4Northern UK10.4%
5Scotland9.4%
6Central London4.2%
7South West UK2.7%
Industry sector
1Offices - Property36%
2Warehouse - Property20%
3Industrials13.9%
4Shop - Property11.5%
5Retail - Property11.3%
6Others7.3%
Asset type
1Property100%
Individual holdings
11-8 BEDFONT LAKES4.96%
2RIVERSIDE HOUSE LONDON4.41%
3PARC TROSTRE RETAIL PARK LLANELLI4.12%
4WALES DESIGNER OUTLET BRIDGEND3.55%
5FREMLIN WALK MAIDSTONE3.1%
6THE GRACECHURCH CENTRE SUTTON COLDFIELD2.97%
7RIVERSIDE RETAIL PARK NORTHAMPTON2.7%
83 HARDMAN SQUARE, MANCHESTER2.58%
9AURORA120 BOTHWELL STREET GLASGOW2.34%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund invests in a diversified portfolio of commercial property (such as retail, offices and industrial), predominantly in the UK. The fund manager seeks to maximise long-term total returns (the combination of income and growth of capital) by carefully selecting the assets held and actively managing those assets to enhance their value (for example, through property refurbishment and rent reviews).
Benchmark
  • No Specified Index
Investment style
None
Investment method
Physical
Fund managers
NameSinceBiography
Justin Upton18/01/2013Justin Upton joined M&G Real Estate in January 2010 as deputy fund manager of the M&G Pooled Pensions Property Fund (PPLP). On 1 January 2012, he was appointed deputy fund manager of the M&G Property Portfolio. Before M&G Real Estate, Justin spent two years as a director at Mayfair Capital Investment Management where he was involved with the MC Special Opportunities Fund and Income Trust for Charities. Prior to this, he spent five years at Henderson Global Investors as assistant fund manager on the Henderson Retail Warehouse Fund and the Caspar Fund. Justin undertook his RICS accreditation during four years spent with Cushman Wakefield’s capital markets team. He holds a degree from the University of Birmingham in social and economic history and a Masters from City University in property law and valuation.
Fiona Rowley18/01/2013Fiona Rowley joined M&G Real Estate as an investment surveyor in 1994 and was appointed deputy fund manager of the M&G Property Portfolio on its launch in 2005. She was appointed fund manager in 2007. Before joining the group, Fiona worked for property service company Knight Frank. She has a first class honours degree in estate management from South Bank University and is a member of the Royal Institution of Chartered Surveyors (RICS) and the Investment Property Forum.
Compliance
IA Recognised, Non UCITS Retail Scheme, Property Authorised Investment Funds
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Property Portfolio A Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.99%
Bid price124.96
Offer price131.53
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBV8
M&G Property Portfolio A Inc GBP
Initial charge5%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.02%
Total expense ratio (TER)2.02%
Bid price111.63
Offer price117.5
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRZ94
M&G Property Portfolio D Acc
Initial charge2%
Annual charge0.6%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price1284.79
Offer price1311.01
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3KD
M&G Property Portfolio D Inc
Initial charge2%
Annual charge0.6%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.11%
Bid price1117.88
Offer price1140.69
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3KE
M&G Property Portfolio I Acc GBP
Initial charge2%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.29%
Bid price1278.83
Offer price1304.92
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI77J
M&G Property Portfolio I Inc GBP
Initial charge2%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price1117.58
Offer price1140.38
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeRZ82
M&G Property Portfolio R Acc GBP
Initial charge2%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.52%
Bid price126.92
Offer price129.51
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI77K
M&G Property Portfolio R Inc GBP
Initial charge2%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.42%
Bid price111.75
Offer price114.03
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN3H7
M&G Property Portfolio X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.01%
Bid price111.63
Offer price111.63
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRZ80
Data provided by

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