Fact sheet: M&G Recovery

Fund information
Fund name
M&G Recovery I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • David Williamssince 25/01/2011
  • Tom Dobellsince 31/03/2000
  • Michael Stiasnysince 25/01/2011
Fund objective
The fund invests at least 80% of the portfolio in companies that are out of favour with the stockmarket where the fund manager believes a good management team is making concerted efforts to turn the business around. The fund’s sole aim is to achieve capital growth. The fund manager takes a long-term view with a typical holding period of five years or more. Developing a constructive dialogue with company management is a fundamental part of the investment process.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
30.6%
1 Year rank in sector
15/269
Sector
UT UK All Companies
Yield
1.2%
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.
0.9%
Fund size
£3,207m (£3,430m 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.
99
Mid price
343.3
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry39.4%
R&M UK Equity Long Term Recovery37.5%
UBS UK Opportunities37%
VT The Beagle36.4%
MI Chelverton UK Equ Grth35.7%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK86%
    USA5.4%
    Australia4.3%
    Canada2.3%
    Ireland1.5%
  • Industrials22.3%
    Financials21.3%
    Consumer Services15.6%
    Oil & Gas13.7%
    Health Care12.2%
  • UK Equities86%
    US Equities5.4%
    Australian Equities4.3%
    Canadian Equities2.3%
    Irish Equities1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%2.1%11.9%30.6%12.6%40.1%
Sector3.9%5.1%13.3%23.1%25.9%80.8%
Rank within sector260 / 277259 / 277198 / 27415 / 269248 / 255239 / 240
Quartile4th4th3rd1st4th4th
Calendar performance
 YTD - 20172016201520142013
Fund5.6%20.7%-4.5%-8.9%15%
Sector8.4%11.2%3.7%0.6%25.7%
Rank within sector244 / 27515 / 267249 / 258250 / 253243 / 246
Quartile4th1st4th4th4th
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.
-3.94
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.
1.06
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
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%.
10.97
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.
5.47
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.
-0.67
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.
0.75
Price movement
52 week high345.42
52 week low253.84
Current bid price-
Current offer price-
Current mid price343.3
Region
1UK85.95%
2USA5.4%
3Australia4.26%
4Canada2.29%
5Ireland1.54%
6Norway0.49%
7India0.16%
8Money Market-0.09%
Industry sector
1Industrials22.32%
2Financials21.28%
3Consumer Services15.65%
4Oil & Gas13.67%
5Health Care12.2%
6Basic Materials8.8%
7Technology2.11%
8Consumer Goods2.1%
9Utilities1.17%
Asset type
1UK Equities85.95%
2US Equities5.4%
3Australian Equities4.26%
4Canadian Equities2.29%
5Irish Equities1.54%
6Norwegian Equities0.49%
7Indian Equities0.16%
8Money Market-0.09%
Individual holdings
1BP7.33%
2HSBC HLDGS7.17%
3GW PHARMACEUTICALS5.4%
4LLOYDS BANKING GROUP PLC3.67%
5PRUDENTIAL PLC3.31%
6CRH3.02%
7AVIVA2.97%
8IWG PLC2.76%
9COATS GROUP PLC2.71%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund invests at least 80% of the portfolio in companies that are out of favour with the stockmarket where the fund manager believes a good management team is making concerted efforts to turn the business around. The fund’s sole aim is to achieve capital growth. The fund manager takes a long-term view with a typical holding period of five years or more. Developing a constructive dialogue with company management is a fundamental part of the investment process.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Williams25/01/2011David Williams is fund manager of the M&G Global Recovery Fund and deputy fund manager of the M&G Recovery Fund. He joined M&G in January 2004, having graduated from the University of Nottingham with a degree in economics. David worked closely with Tom Dobell as a fund managers' assistant for three years prior to becoming deputy fund manager of the M&G Recovery Fund in September 2008. He is a CFA charterholder.
Tom Dobell31/03/2000Tom Dobell joined M&G in 1992 as a UK equity manager on the segregated pension fund desk where he was responsible for managing assets for 16 pension fund clients. In March 2000, Tom became fund manager of the M&G Recovery Fund. Before joining M&G, he worked for Phillips & Drew (PDFM) as a fund manager within the charity and small pension fund division. Tom graduated from agricultural college in 1986.
Michael Stiasny25/01/2011Michael Stiasny joined in 1998 as an equity analyst, becoming head of the pan-European equity research team in January 2005. He was appointed deputy fund manager of the M&G Recovery Fund in January 2011. Michael graduated in philosophy, politics and economics from Oxford University. He is also a 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, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Sweden, South Africa
M&G Recovery A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price325.96
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG52
M&G Recovery A Gr Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£75
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price26.6982
CurrencyEUR
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM460
M&G Recovery A Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price142.47
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG21
M&G Recovery C Gr Acc EUR
Initial charge3.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price29.8111
CurrencyEUR
Price updated19/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM461
M&G Recovery I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price343.3
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHVW0
M&G Recovery I Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price143.33
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHVV9
M&G Recovery R Acc GBP
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price131.08
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZFQ
M&G Recovery R Inc GBP
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price123
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZFR
M&G Recovery X Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price322.55
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMY06
M&G Recovery X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price143.4
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMY05
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.