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
  • Michael Stiasnysince 25/01/2011
  • David Williamssince 25/01/2011
  • Tom Dobellsince 30/03/2000
Fund objective
The Fund predominantly invests in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. The sole aim of the Fund is capital growth. There is no particular income yield target.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
3.6%
1 Year rank in sector
183/275
Sector
UT UK All Companies
Yield
1.3%
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
£2,931m (£3,347m 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.
106
Mid price
347.79
Top in this sector
Fund name1 Year
Elite Webb Cap SmCos Inc&Gth32.4%
MI Chelverton UK Equ Grth30.6%
Slater Recovery26.7%
Stan Life Inv UK Opps24.4%
Unicorn UK Growth23.9%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK86.1%
    USA5.1%
    Australia3.6%
    Canada3.2%
    Ireland1.4%
  • Financials23%
    Industrials19.9%
    Consumer Services14.7%
    Oil & Gas13%
    Health Care12.7%
  • UK Equities86.1%
    US Equities5.1%
    Australian Equities3.6%
    Canadian Equities3.2%
    Irish Equities1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.4%1.3%2.5%3.6%18.5%21.2%
Sector-4.9%-0.9%0.7%5.8%19.2%45.3%
Rank within sector166 / 27925 / 27855 / 277183 / 275132 / 258239 / 243
Quartile3rd1st1st3rd3rd4th
Calendar performance
 YTD - 20182017201620152014
Fund-4.1%11.5%20.7%-4.5%-8.9%
Sector-4.1%13.8%11.2%3.7%0.6%
Rank within sector106 / 278190 / 27315 / 263247 / 256247 / 250
Quartile2nd3rd1st4th4th
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.
-0.24
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.
1.03
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.
0.46
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%.
10.6
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.
5.25
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.
-0.03
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 high372.78
52 week low329.96
Current bid price-
Current offer price-
Current mid price347.79
Region
1UK86.1%
2USA5.13%
3Australia3.62%
4Canada3.17%
5Ireland1.4%
6India0.49%
7Norway0.06%
8Money Market0.02%
Industry sector
1Financials23%
2Industrials19.9%
3Consumer Services14.7%
4Oil & Gas13%
5Health Care12.7%
6Basic Materials11.3%
7Technology1.7%
8Telecommunications1.6%
9Consumer Goods1.5%
Asset type
1UK Equities86.1%
2US Equities5.1%
3Australian Equities3.6%
4Canadian Equities3.2%
5Irish Equities1.4%
6Indian Equities0.5%
7Norwegian Equities0.1%
Individual holdings
1BP8.3%
2HSBC HLDGS8.2%
3GW PHARMACEUTICALS5.1%
4PRUDENTIAL PLC3.4%
5LLOYDS BANKING GROUP PLC3.3%
6FIRST QUANTUM MINERALS3.1%
7AVIVA2.8%
8CRH2.8%
9ENTERTAINMENT ONE LTD2.8%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The Fund predominantly invests in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. The sole aim of the Fund is capital growth. There is no particular income yield target.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Michael Stiasny25/01/2011Michael Stiasny was appointed fund manager of Charifund in November 2016, and has been deputy manager of the M&G Recovery Fund since January 2011. Michael initially joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in January 2005. Michael graduated in philosophy, politics and economics from Oxford University. He is also a CFA charterholder.
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 Dobell30/03/2000Tom 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.
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)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price328.35
CurrencyGBX
Price updated20/02/2018
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)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price26.1448
CurrencyEUR
Price updated20/02/2018
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)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price140.37
CurrencyGBX
Price updated20/02/2018
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)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price29.3598
CurrencyEUR
Price updated20/02/2018
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)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price347.79
CurrencyGBX
Price updated20/02/2018
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)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price142.03
CurrencyGBX
Price updated20/02/2018
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)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price132.55
CurrencyGBX
Price updated20/02/2018
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)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price121.64
CurrencyGBX
Price updated20/02/2018
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)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price324.91
CurrencyGBX
Price updated20/02/2018
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)1.66%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price141.28
CurrencyGBX
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMY05
Data provided by

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