To continue using FE Trustnet please choose an edition:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies on the website and how to delete cookies, see our Privacy and Cookie Policy.

I accept the FE Trustnet cookie policy

For more information Click here




It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table

Following their poor performance this year, are you going to increase your exposure to small cap funds in 2015?



You are here: Factsheet

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

* Juan Nevado21-Jan-2011 to Present
* Tony Finding»21-Jan-2011 to Present
Craig Moran»25-Jan-2011 to Present
George Tsinonis»03-Dec-2009 to 24-Jan-2011

Investment objectives

The Fund aims to deliver positive total returns in any three year period from a flexibly managed portfolio of global assets. There is no guarantee that the Fund will achieve a positive return over this, or any other, period and investors may not recoup the original amount they invested.

Key Information

Fund vs sector

  1y 3y
Position 145 / 197 135 / 168
Quartile 3 4

Fund ratings

FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 4.37 5.42
Alpha 0.97 0.07
Beta 0.78 0.74
Sharpe 1.28 1.10
Info Ratio -0.39 -0.95
R2 0.46 0.73
Quartiles:   1  2  3  4   help with ratios
vs. Flexible Investment»
performance chart
ACC +9.4+28.4+35.7+4.9+11.9-1.0+6.7
  FLEXIBLE INVESTMENT   +10.6+39.2+55.5+9.8+14.6-6.1+19.0
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G DYNAMIC ALLOCATION C ACC EUR ACC 14.36 (EUR) 19-Dec-2014 0.71 0.94% GYE9 B56D9Q6
pdf M&G DYNAMIC ALLOCATION C INC EUR INC 14.34 (EUR) 19-Dec-2014 0.71 0.94% KJ1Y BK6MCH0
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G DYNAMIC ALLOCATION A ACC EUR ACC 13.73 (EUR) 19-Dec-2014 0.00 1.94% GYE8 B56H1S4
pdf M&G DYNAMIC ALLOCATION A INC EUR INC 13.72 (EUR) 19-Dec-2014 0.02 1.94% JCZY B96BHM0
pdf M&G DYNAMIC ALLOCATION B ACC EUR ACC 11.03 (EUR) 19-Dec-2014 0.00 2.45% JD0F B8DC912

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£637.1m / $997.3m (31-Oct-14)
Savings plan Fund has Savings Plan  Launch03-Dec-2009
Pricing times12:00 Daily Dealing frequencyn/a
Dealing timesn/a
Minimum initial€ 1,000
Minimum additional€ 75
Initial charge4.00%
Annual management charge1.75%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyJan 01, Apr 01 (Final), Jul 01, Oct 01
Peer groups
Region Asset Class Investment Focus Sector
Global Mixed Asset n/a Flexible Investment
Regional weightings, 31-Oct-2014
Cash54.821 54.82% Cash
Corporate Bonds Investment Grade,Convertible Bonds, Government Bonds other & Property 19.092 19.09% Corporate Bonds Investment Grade,Convertible Bonds, Government Bonds other & Property
USA11.413 11.41% USA
Asia Pacific ex Japan6.154 6.15% Asia Pacific ex Japan
Europe6.055 6.05% Europe
UK1.916 1.91% UK
Equity Other0.577 0.57% Equity Other
Sector weightings, 31-Oct-2014
A33.751 33.75% A
BBB31.082 31.08% BBB
No rating15.103 15.10% No rating
BB11.734 11.73% BB
AAA8.345 8.34% AAA

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.

Sign up for email alerts
Stay upto date on the latest fund research from FE
subscribe Readers of this page also looked at:
Readers of this Factsheet have not looked at any others
Add your comment
Reload Change mode
Enter the words above:
Send comment
Be the first to comment on this Factsheet.

Investment options

pdf View & print PDF Factsheet
mail Email factsheet to a friend


Latest Fundswire  

Asset allocation

Money Market, 54.82%
54.8200% ofMoney Market
Other Government Fixed Interest, 12.42%
12.4200% ofOther Government Fixed Interest
US Equities, 6.54%
6.5400% ofUS Equities
Asia Pacific ex Japan Government Fixed Interest, 6.15%
6.1500% ofAsia Pacific ex Japan Government Fixed Interest
European Government Fixed Interest, 6.05%
6.0500% ofEuropean Government Fixed Interest
US Government Fixed Interest, 4.87%
4.8700% ofUS Government Fixed Interest
Global Investment Grade Fixed Interest, 2.67%
2.6700% ofGlobal Investment Grade Fixed Interest
Convertibles, 2.28%
2.2800% ofConvertibles
UK Equities, 1.91%
1.9100% ofUK Equities
Property, 1.72%
1.7200% ofProperty
Other International Equities, 0.57%
0.5700% ofOther International Equities

FE Adviser Fund Index

Sector analysis


FE Trustnet portfolio

register   login
Register      Login
Use the plus sign add to portfolio on the left to add this fund to your portfolio