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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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Contact details

ManagerGroupLogo
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)

info@mandg.co.uk

Fund managers

* Tom Dobell31-Mar-2000 to Present
 
view    
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 invests in companies that are out of favour with the stockmarket where the fund manager believes a good management team is making concerted efforts to turn the business around. The fund’s sole aim is to achieve capital growth. The fund manager takes a long-term view with a typical holding period of five years or more. Developing a constructive dialogue with company management is a fundamental part of the investment process.

Key Information

Fund vs sector

  1y 3y
Position 276 / 287 271 / 280
Quartile 4 4

Fund ratings

GoldMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 7.73 7.73
Alpha -4.84 -4.84
Beta 0.84 0.84
Sharpe 0.00 0.00
Info Ratio -2.21 -2.21
R2 0.90 0.90
Quartiles:   1  2  3  4   help with ratios
vs. UK All Companies»

FE Risk Scores

Instrument 1y(%) Growth FE Risk Score
M&G Recovery -2.2
103
UK All Companies 4.8
97
Cash n/a
0
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -2.2+19.4+37.1+9.5+11.6+3.2+11.2
  UK ALL COMPANIES   +4.8+47.0+63.8+22.4+14.6-0.2+11.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G RECOVERY R ACC GBP ACC 114.34 (p) 16-Sep-2014 1.35 1.16% 0ZFQ B7759Y3
pdf M&G RECOVERY R INC GBP INC 111.20 (p) 16-Sep-2014 1.38 1.15% 0ZFR B754SC3
pdf M&G RECOVERY I INC GBP INC 129.36 (p) 16-Sep-2014 1.65 0.90% HVV9 B4VSCB5
pdf M&G RECOVERY I ACC GBP ACC 297.46 (p) 16-Sep-2014 1.63 0.90% HVW0 B4X1L37
pdf M&G RECOVERY C GR ACC EUR ACC 27.74 (EUR) 16-Sep-2014 1.58 0.90% M461 3213980
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G RECOVERY A GR ACC EUR ACC 25.34 (EUR) 16-Sep-2014 0.86 1.65% M460 3213968
pdf M&G RECOVERY A INC GBP INC 129.21 (p) 16-Sep-2014 0.86 1.65% MG21 3128910
pdf M&G RECOVERY A ACC GBP ACC 288.14 (p) 16-Sep-2014 0.86 1.65% MG52 3128921
pdf M&G RECOVERY X INC GBP INC 130.06 (p) 16-Sep-2014 0.86 1.65% MY05 3195969
pdf M&G RECOVERY X ACC GBP ACC 285.12 (p) 16-Sep-2014 0.86 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£6,290.9m / $10,201.3m (31-Aug-14)
Savings plan Fund has Savings Plan Minimum: GBX 10.0 Monthly Launch23-May-1969
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initialGBX 500
Minimum additionalGBX 100
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policyJan 01, Jul 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK All Companies
Largest holdings, 31-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
BP 7.66 1 - *
HSBC HLDGS 6.25 2 - *
PRUDENTIAL PLC 4.29 3 - *
ROYAL DUTCH SHELL 4.07 4 - *
GLAXOSMITHKLINE 3.77 5 - *
LLOYDS BANKING GROUP PLC 3.38 6 - *
AVIVA 2.79 7 - *
FIRST QUANTUM MINERALS 2.54 8 - -
EASYJET 2.42 9 - -
BTG 2.33 10 - *
Total39.50 
Regional weightings, 31-Aug-2014
Region(%)Rank 
UK92.381 92.38% UK
Ireland2.572 2.57% Ireland
Canada2.543 2.54% Canada
Australia1.934 1.93% Australia
New Zealand0.545 0.54% New Zealand
Norway0.096 0.09% Norway
Cash and near cash-0.057 -0.05% Cash and near cash
Total100.00 
Sector weightings, 31-Aug-2014
Sector(%)Rank 
Financials20.501 20.50% Financials
Oil & gas18.932 18.93% Oil & gas
Industrials18.133 18.13% Industrials
Healthcare12.394 12.39% Healthcare
Consumer services10.615 10.61% Consumer services
Basic materials7.146 7.14% Basic materials
Technology4.947 4.94% Technology
Consumer goods3.878 3.87% Consumer goods
Utilities2.899 2.89% Utilities
Telecommunications0.6510 0.65% Telecommunications
Cash and near cash-0.0511 -0.05% Cash and near cash
Total100.00 

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, 92.38%
92.3800% ofUK Equities
Irish Equities, 2.57%
2.5700% ofIrish Equities
Canadian Equities, 2.54%
2.5400% ofCanadian Equities
Australian Equities, 1.93%
1.9300% ofAustralian Equities
New Zealand Equities, 0.54%
0.5400% ofNew Zealand Equities
Norwegian Equities, 0.09%
0.0900% ofNorwegian Equities
Cash and near cash, -0.05%
-0.0500% ofCash and near cash

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