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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

* Richard Halle01-Feb-2008 to Present
Daniel White»01-Feb-2008 to Present

Investment objectives

The Fund aims to maximise long term total return (the combination of income and growth of capital) to investors by investing predominantly in undervalued European equities.

Key Information

Fund vs sector

  1y 3y
Position 5 / 14 10 / 13
Quartile 2 3

Fund ratings

FE Crown Rating: 2 FE Crown Rating


  1y 3y
Volatility 9.39 11.95
Alpha 1.96 0.05
Beta 1.00 1.04
Sharpe 0.00 0.90
Info Ratio 0.90 0.15
R2 0.95 0.92
Quartiles:   1  2  3  4   help with ratios
vs. Europe Including UK»
performance chart
ACC +0.4+42.7+31.6+26.3+12.6-12.4+5.3
  EUROPE INCLUDING UK   -1.7+41.8+34.3+21.6+18.7-14.8+11.2
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G EUROPEAN STRATEGIC VALUE R ACC GBP ACC 142.96 (p) 18-Dec-2014 1.63 1.18% 0ZDJ B3ZW2R2
pdf M&G EUROPEAN STRATEGIC VALUE R INC GBP INC 140.30 (p) 18-Dec-2014 1.60 1.17% 0ZDK B5VKHM4
pdf M&G EUROPEAN STRATEGIC VALUE I INC GBP INC 128.64 (p) 18-Dec-2014 1.87 0.94% B1O7 B28XT41
pdf M&G EUROPEAN STRATEGIC VALUE I ACC GBP ACC 150.16 (p) 18-Dec-2014 1.83 0.93% B1O8 B28XT30
pdf M&G EUROPEAN STRATEGIC VALUE C GR ACC EUR ACC 14.29 (EUR) 18-Dec-2014 1.76 0.93% B1O9 B28XT63
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G EUROPEAN STRATEGIC VALUE A INC GBP INC 127.70 (p) 18-Dec-2014 1.16 1.68% B1O4 B28XT29
pdf M&G EUROPEAN STRATEGIC VALUE A ACC GBP ACC 141.36 (p) 18-Dec-2014 1.15 1.68% B1O5 B28XT18
pdf M&G EUROPEAN STRATEGIC VALUE A GR ACC EUR ACC 13.46 (EUR) 18-Dec-2014 1.10 1.69% B1O6 B28XT52

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£1,021.6m / $1,598.0m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch01-Feb-2008
Pricing times12:00 Daily Dealing frequencyDaily
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 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Europe Equity Mixed Europe Including UK
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
Novartis 4.76 1 - -
BP 3.58 2 - *
Sanofi 3.35 3 - -
Bayer 2.99 4 - -
Vivendi 2.71 5 - -
Royal Dutch Shell 2.65 6 - *
Muenchener Rueck 2.49 7 - -
Vodafone Group 2.29 8 - -
Wolters Kluwer 2.26 9 - -
Friends Life 2.06 10 - *
Regional weightings, 31-Oct-2014
UK21.391 21.39% UK
Germany16.582 16.58% Germany
France15.443 15.44% France
Other9.054 9.05% Other
Cash and near cash8.905 8.90% Cash and near cash
Switzerland8.276 8.27% Switzerland
Netherlands7.627 7.62% Netherlands
Sweden5.338 5.33% Sweden
Finland4.909 4.90% Finland
Norway2.5210 2.52% Norway
Sector weightings, 31-Oct-2014
Financials22.961 22.96% Financials
Healthcare15.282 15.28% Healthcare
Energy12.063 12.06% Energy
Telecommunications10.154 10.15% Telecommunications
Consumer discretionary9.885 9.88% Consumer discretionary
Cash and near cash8.906 8.90% Cash and near cash
Industrials5.747 5.74% Industrials
Consumer staples5.538 5.53% Consumer staples
Materials4.269 4.26% Materials
Information technology3.5110 3.51% Information technology
Utilities1.7311 1.73% Utilities

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

UK Equities, 21.39%
21.3900% ofUK Equities
German Equities, 16.58%
16.5800% ofGerman Equities
French Equities, 15.44%
15.4400% ofFrench Equities
International Equities, 9.05%
9.0500% ofInternational Equities
Money Market, 8.90%
8.9000% ofMoney Market
Swiss Equities, 8.27%
8.2700% ofSwiss Equities
Dutch Equities, 7.62%
7.6200% ofDutch Equities
Swedish Equities, 5.33%
5.3300% ofSwedish Equities
Finnish Equities, 4.90%
4.9000% ofFinnish Equities
Norwegian Equities, 2.52%
2.5200% ofNorwegian Equities

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