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Contact details

M&G Group, Laurence Pountney Hill, London, EC4R 0HH
0800 328 3196 (Dealing)
20 7626 4588 (Enquiries)
0870 043 4200 (Fax Number)
0800 328 3191 (IFA Support)
0800 390 390 (Main Number)

Fund managers

* David Williams17-Feb-2012 to Present
Michael Stiasny»17-Feb-2012 to Present

Investment objectives

The fund aims to maximise long term capital growth from a portfolio of predominantly international equities. Income is not a consideration.

Key Information

Fund vs sector

  1y 3y
Position 202 / 277 -
Quartile 3 -

Fund ratings

FE Crown Rating: 0 FE Crown Rating
(Short History)


  1y 3y
Volatility 7.82 n/a
Alpha -0.44 n/a
Beta 1.14 n/a
Sharpe 0.66 n/a
Info Ratio 0.19 n/a
R2 0.87 n/a
Quartiles:   1  2  3  4   help with ratios
vs. Global»
performance chart
ACC +3.0n/an/a+19.2n/an/an/a
  GLOBAL   +4.9+38.1+44.4+17.2+12.4-9.7+15.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G INTERNATIONAL SPECIALIST EQUITY I ACC GBP ACC 121.96 (p) 18-Dec-2014 0.74 0.93% 0QRM B6173L3
pdf M&G INTERNATIONAL SPECIALIST EQUITY I INC GBP INC 119.14 (p) 18-Dec-2014 0.74 0.93% 0QRN B706FQ7
pdf M&G INTERNATIONAL SPECIALIST EQUITY R ACC GBP ACC 130.14 (p) 18-Dec-2014 0.54 1.16% 0ZES B7MYFM5
pdf M&G INTERNATIONAL SPECIALIST EQUITY R INC GBP INC 128.40 (p) 18-Dec-2014 0.50 1.18% 0ZET B7Q06F9
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G INTERNATIONAL SPECIALIST EQUITY A ACC GBP ACC 119.56 (p) 18-Dec-2014 0.16 1.67% 0QRK B3V2KY9
pdf M&G INTERNATIONAL SPECIALIST EQUITY A INC GBP INC 118.56 (p) 18-Dec-2014 0.16 1.67% 0QRL B6QQDK4

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£252.0m / $394.3m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch17-Feb-2012
Pricing times12:00 Daily Dealing frequencyn/a
Dealing timesn/a
Minimum initial£ 500
Minimum additional£ 100
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyFeb 01, Aug 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Equity n/a Global
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
Pandora 4.91 1 - -
BP 3.21 2 - *
Microsoft 3.15 3 - -
Hutchison China Meditech 3.11 4 - -
Gamestop 2.81 5 - -
PepsiCo 2.69 6 - -
Wells Fargo 2.57 7 - -
Prudential 2.52 8 - *
HSBC 2.39 9 - *
Hospira 2.33 10 - -
Regional weightings, 31-Oct-2014
US46.711 46.71% US
UK17.012 17.01% UK
Other7.863 7.86% Other
Hong Kong7.194 7.19% Hong Kong
Denmark6.695 6.69% Denmark
Germany4.666 4.66% Germany
Netherlands3.807 3.80% Netherlands
Australia2.988 2.98% Australia
Canada2.639 2.63% Canada
Cash and near cash0.4710 0.47% Cash and near cash
Sector weightings, 31-Oct-2014
Consumer discretionary20.321 20.32% Consumer discretionary
Healthcare15.832 15.83% Healthcare
Industrials12.383 12.38% Industrials
Financials12.384 12.38% Financials
Consumer staples10.725 10.72% Consumer staples
Energy9.596 9.59% Energy
Information technology9.447 9.44% Information technology
Materials6.778 6.77% Materials
Utilities1.139 1.13% Utilities
Telecommunications0.8810 0.88% Telecommunications
Cash and near cash0.4711 0.47% Cash and near cash
Other0.0912 0.09% Other

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Asset allocation

US Equities, 46.71%
46.7100% ofUS Equities
UK Equities, 17.01%
17.0100% ofUK Equities
International Equities, 7.86%
7.8600% ofInternational Equities
Hong Kong Equities, 7.19%
7.1900% ofHong Kong Equities
Danish Equities, 6.69%
6.6900% ofDanish Equities
German Equities, 4.66%
4.6600% ofGerman Equities
Dutch Equities, 3.80%
3.8000% ofDutch Equities
Australian Equities, 2.98%
2.9800% ofAustralian Equities
Canadian Equities, 2.63%
2.6300% ofCanadian Equities
Money Market, 0.47%
0.4700% ofMoney Market

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Sector analysis


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