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Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Which of the following fund groups has the strongest range of funds overall?

BNY Mellon
Invesco Perpetual



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

* Tom Dobell31-Mar-2000 to Present
David Williams»25-Jan-2011 to Present
Michael Stiasny»25-Jan-2011 to Present
Richard Hughes»01-Mar-1992 to 31-Mar-2000
David Tucker»23-May-1969 to 30-Oct-1987

Investment objectives

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.

Key Information

Fund vs sector

  1y 3y
Position 266 / 273 256 / 265
Quartile 4 4

Fund ratings

GoldMstar OBSR
PlatinumS&P Rating
FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 8.01 12.38
Alpha -5.23 -5.44
Beta 0.85 0.92
Sharpe 0.00 0.01
Info Ratio -2.18 -1.81
R2 0.91 0.93
Quartiles:   1  2  3  4   help with ratios
vs. IMA UK All Companies»
performance chart
ACC +0.3+32.9+53.4+12.1+18.3-1.8+17.6
  IMA UK ALL COMPANIES   +8.2+58.8+82.8+22.5+19.9-2.0+17.5
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G RECOVERY R ACC GBP ACC 116.08 (p) 20-Aug-2014 1.33 1.16% 0ZFQ B7759Y3
pdf M&G RECOVERY R INC GBP INC 112.88 (p) 20-Aug-2014 1.36 1.15% 0ZFR B754SC3
pdf M&G RECOVERY I INC GBP INC 131.30 (p) 20-Aug-2014 1.62 0.90% HVV9 B4VSCB5
pdf M&G RECOVERY I ACC GBP ACC 301.92 (p) 20-Aug-2014 1.60 0.90% HVW0 B4X1L37
pdf M&G RECOVERY C GR ACC EUR ACC 28.20 (EUR) 20-Aug-2014 1.56 0.90% M461 3213980
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G RECOVERY A GR ACC EUR ACC 25.78 (EUR) 20-Aug-2014 0.85 1.65% M460 3213968
pdf M&G RECOVERY A INC GBP INC 131.22 (p) 20-Aug-2014 0.85 1.65% MG21 3128910
pdf M&G RECOVERY A ACC GBP ACC 292.63 (p) 20-Aug-2014 0.84 1.65% MG52 3128921
pdf M&G RECOVERY X INC GBP INC 132.08 (p) 20-Aug-2014 0.85 1.65% MY05 3195969
pdf M&G RECOVERY X ACC GBP ACC 289.56 (p) 20-Aug-2014 0.84 1.65% MY06 3195970

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£6,351.9m / $10,553.0m (31-Jul-14)
Savings plan Fund has Savings Plan Minimum: £ 500.0 Monthly Launch23-May-1969
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:00 to 18:00
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 policyJan 01, Jul 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed IMA UK All Companies
Largest holdings, 31-Jul-2014
Holding (%) Rank Fund factsheet Equity factsheet
BP 7.65 1 - *
HSBC HLDGS 6.03 2 - *
AVIVA 2.71 7 - *
EASYJET 2.35 9 - -
UNILEVER 2.34 10 - *
Regional weightings, 31-Jul-2014
UK92.481 92.48% UK
Canada2.672 2.67% Canada
Ireland2.593 2.59% Ireland
Australia1.604 1.60% Australia
New Zealand0.345 0.34% New Zealand
Money Market0.206 0.20% Money Market
Norway0.127 0.12% Norway
Sector weightings, 31-Jul-2014
Financials19.871 19.87% Financials
Oil & Gas19.002 19.00% Oil & Gas
Industrials18.213 18.21% Industrials
Health Care11.864 11.86% Health Care
Consumer Services10.715 10.71% Consumer Services
Basic Materials7.646 7.64% Basic Materials
Technology5.017 5.01% Technology
Consumer Goods3.968 3.96% Consumer Goods
Utilities2.899 2.89% Utilities
Telecommunications0.6510 0.65% Telecommunications
Cash & Cash Equivalents0.2011 0.20% Cash & Cash Equivalents

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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Investment options

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life See M&G Recovery fund as a life fund
pension See M&G Recovery fund as a pension fund


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Asset allocation

UK Equities, 92.48%
92.4800% ofUK Equities
Canadian Equities, 2.67%
2.6700% ofCanadian Equities
Irish Equities, 2.59%
2.5900% ofIrish Equities
Australian Equities, 1.60%
1.6000% ofAustralian Equities
New Zealand Equities, 0.34%
0.3400% ofNew Zealand Equities
Cash and near cash, 0.20%
0.2000% ofCash and near cash
Norwegian Equities, 0.12%
0.1200% ofNorwegian Equities

FE Adviser Fund Index

Sector analysis


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