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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

* 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 281 / 285 272 / 276
Quartile 4 4

Fund ratings

GoldMstar OBSR
FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 8.39 10.05
Alpha -8.01 -6.82
Beta 0.91 0.96
Sharpe -0.01 0.23
Info Ratio -2.65 -2.35
R2 0.87 0.90
Quartiles:   1  2  3  4   help with ratios
vs. UK All Companies»
performance chart
ACC -7.8+14.7+25.7+12.8+10.3-7.1+18.0
  UK ALL COMPANIES   +2.0+46.9+60.5+21.9+18.2-8.3+19.2
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G RECOVERY R ACC GBP ACC 108.85 (p) 22-Dec-2014 1.42 1.16% 0ZFQ B7759Y3
pdf M&G RECOVERY R INC GBP INC 105.87 (p) 22-Dec-2014 1.46 1.15% 0ZFR B754SC3
pdf M&G RECOVERY I INC GBP INC 123.25 (p) 22-Dec-2014 1.73 0.90% HVV9 B4VSCB5
pdf M&G RECOVERY I ACC GBP ACC 283.36 (p) 22-Dec-2014 1.71 0.90% HVW0 B4X1L37
pdf M&G RECOVERY C GR ACC EUR ACC 26.90 (EUR) 22-Dec-2014 1.65 0.90% M461 3213980
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G RECOVERY A GR ACC EUR ACC 24.53 (EUR) 22-Dec-2014 0.90 1.65% M460 3213968
pdf M&G RECOVERY A INC GBP INC 122.86 (p) 22-Dec-2014 0.91 1.65% MG21 3128910
pdf M&G RECOVERY A ACC GBP ACC 273.96 (p) 22-Dec-2014 0.90 1.65% MG52 3128921
pdf M&G RECOVERY X INC GBP INC 123.66 (p) 22-Dec-2014 0.91 1.65% MY05 3195969
pdf M&G RECOVERY X ACC GBP ACC 271.09 (p) 22-Dec-2014 0.90 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£5,638.2m / $8,804.1m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch23-May-1969
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 policyJan 01, Jul 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK All Companies
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
BP 7.56 1 - *
HSBC 6.83 2 - *
Prudential 4.29 3 - *
Royal Dutch Shell 4.12 4 - *
Lloyds Banking Group 3.73 5 - *
GlaxoSmithKline 3.28 6 - *
Aviva 2.76 7 - *
Easyjet 2.71 8 - -
BTG 2.66 9 - *
Regus 2.49 10 - -
Regional weightings, 31-Oct-2014
UK92.541 92.54% UK
Ireland2.412 2.41% Ireland
Canada1.853 1.85% Canada
Australia1.764 1.76% Australia
Cash and near cash0.875 0.87% Cash and near cash
New Zealand0.486 0.48% New Zealand
Norway0.097 0.09% Norway
Sector weightings, 31-Oct-2014
Financials21.561 21.56% Financials
Oil & gas18.182 18.18% Oil & gas
Industrials17.463 17.46% Industrials
Healthcare12.344 12.34% Healthcare
Consumer services10.905 10.90% Consumer services
Basic materials6.236 6.23% Basic materials
Technology4.977 4.97% Technology
Consumer goods3.678 3.67% Consumer goods
Utilities2.909 2.90% Utilities
Telecommunications0.9210 0.92% Telecommunications
Cash and near cash0.8711 0.87% Cash and near cash

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, 92.54%
92.5400% ofUK Equities
Irish Equities, 2.41%
2.4100% ofIrish Equities
Canadian Equities, 1.85%
1.8500% ofCanadian Equities
Australian Equities, 1.76%
1.7600% ofAustralian Equities
Cash and near cash, 0.87%
0.8700% ofCash and near cash
New Zealand Equities, 0.48%
0.4800% ofNew Zealand Equities
Norwegian Equities, 0.09%
0.0900% ofNorwegian Equities

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