Fact sheet: M&G Prudent Allocation

Fund information
Fund name
M&G Prudent Allocation B Acc
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Juan Nevadosince 22/04/2015
  • Steven Andrewsince 22/04/2015
  • Craig Moransince 22/04/2015
Fund objective
The fund invests globally and prudently across a range of asset classes, including equities, fixed income and property shares, with the aim of delivering positive total returns in any three-year period, although this is not guaranteed. Asset exposure can be gained through physical holdings and the use of derivatives. In-depth research to determine the value of assets over the medium to long term is central to the approach. This is combined with analysis of investors’ emotional reaction to events, which can cause short-term mispricing, thus creating investment opportunities.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
3.9%
1 Year rank in sector
-
Sector
UT Unclassified
Yield
0.2%
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.
2.09%
Fund size
£446m (£124m last year)
Mid price
10.6483
Top in this sector
Fund name1 Year
Santander Global Emg Shs Pfl26.4%
Architas MA Passive Dynamic22.7%
Architas MA Passive Growth19.7%
TM Oak19.2%
HSBC Wld Sel Dynamic Pfl18.3%
...more in UT Unclassified

Performance snapshot

Holdings snapshot

  • Money Market71.2%
    Not Specified19.3%
    International16.4%
    Europe8.7%
    Asia Pacific ex Japan8.6%
  • Unknown92.7%
    BBB19.3%
    BB16.5%
    A3%
    B2.5%
  • Money Market71.2%
    Global Government Fixed Interest13.9%
    Global Investment Grade Fixed Interest10.9%
    European Equities6.9%
    Asia Pacific ex Japan Equities4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%2.2%4.3%3.9%--
Sector-1.7%-0.6%7.1%8.5%17.1%41.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund6.8%----
Sector8.7%1.7%5.7%9.6%9.3%
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 high10.65
52 week low9.34
Current bid price-
Current offer price-
Current mid price10.65
Region
1Money Market71.2%
2Not Specified19.3%
3International16.4%
4Europe8.7%
5Asia Pacific ex Japan8.6%
6Japan2.6%
7UK-5.5%
8USA-21.3%
Industry sector
1Unknown92.67%
2BBB19.31%
3BB16.47%
4A2.96%
5B2.49%
6AAA-3.82%
7AA-30.09%
Asset type
1Money Market71.2%
2Global Government Fixed Interest13.9%
3Global Investment Grade Fixed Interest10.9%
4European Equities6.9%
5Asia Pacific ex Japan Equities4.4%
6Japanese Equities4.4%
7Asia Pacific ex Japan Government Fixed Interest4.2%
8Global High Yield Fixed Interest3.9%
9Convertibles3.2%
Individual holdings
No data available.
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund invests globally and prudently across a range of asset classes, including equities, fixed income and property shares, with the aim of delivering positive total returns in any three-year period, although this is not guaranteed. Asset exposure can be gained through physical holdings and the use of derivatives. In-depth research to determine the value of assets over the medium to long term is central to the approach. This is combined with analysis of investors’ emotional reaction to events, which can cause short-term mispricing, thus creating investment opportunities.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Juan Nevado22/04/2015Juan 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.
Steven Andrew22/04/2015Steven 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.
Craig Moran22/04/2015Craig 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.
Compliance
Transparent for Austrian Tax, IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Australia, Belgium, Switzerland, Germany, Denmark, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Norway, Singapore, Sweden, Thailand
M&G Prudent Allocation A Acc
Initial charge4%
Annual charge1.4%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price10.1074
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM63C
M&G Prudent Allocation A H Acc CHF
Initial charge4%
Annual charge1.4%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price10.2736
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNAGS
M&G Prudent Allocation A H Acc USD
Initial charge4%
Annual charge1.4%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price10.2059
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM63G
M&G Prudent Allocation A H Inc
Initial charge4%
Annual charge1.4%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price10.0822
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM63F
M&G Prudent Allocation A Inc
Initial charge4%
Annual charge1.4%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price9.9784
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM63B
M&G Prudent Allocation B Acc
Initial charge1.25%
Annual charge1.9%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)2.09%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price10.6483
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMPDY
M&G Prudent Allocation B Inc
Initial charge1.25%
Annual charge1.9%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)2.09%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price10.5461
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMPDZ
M&G Prudent Allocation C Acc
Initial charge1.25%
Annual charge0.6%
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 price10.2125
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM63E
M&G Prudent Allocation C H Acc CHF
Initial charge1.25%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price10.2938
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAGT
M&G Prudent Allocation C H Acc USD
Initial charge1.25%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price10.3222
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM63I
M&G Prudent Allocation C H Inc
Initial charge1.25%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price10.1214
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM63H
M&G Prudent Allocation C Inc
Initial charge1.25%
Annual charge0.6%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price10.0127
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM63D
Data provided by

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