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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

* Fiona Rowley28-Sep-2007 to Present
 
view    
Justin Upton»01-Jan-2012 to Present
John Cartwright»04-Nov-2005 to 27-Sep-2007


Investment objectives

The fund invests in a diversified portfolio of commercial property (such as retail, offices and industrial), predominantly in the UK. The fund manager seeks to maximize long-term total returns (the combination of income and growth of capital) by carefully selecting the assets held and actively managing those assets to enhance their value (for example, through property refurbishment and rent reviews).

Key Information

Fund vs sector

  1y 3y
Position 26 / 51 32 / 46
Quartile 2 3

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 2 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 0.78 1.66
Alpha 13.17 5.55
Beta 0.04 0.09
Sharpe 13.07 1.64
Info Ratio 1.14 -0.34
R2 0.03 0.02
Quartiles:   1  2  3  4   help with ratios
vs. Property»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +13.6+19.9+34.9+4.8+0.7+3.5+8.6
  PROPERTY   +10.8+24.0+36.2+4.3+7.4-1.8+11.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G PROPERTY PORTFOLIO D ACC ACC 1257.74 (p) 1283.40 (p) 19-Dec-2014 4.71 1.07% I3KD B89PNJ1
pdf M&G PROPERTY PORTFOLIO D INC INC 1174.06 (p) 1198.02 (p) 19-Dec-2014 4.84 1.07% I3KE B8FQVP0
pdf M&G PROPERTY PORTFOLIO I ACC GBP ACC 1254.83 (p) 1280.43 (p) 19-Dec-2014 4.57 1.23% I77J B8FYD92
pdf M&G PROPERTY PORTFOLIO R ACC GBP ACC 125.01 (p) 127.56 (p) 19-Dec-2014 4.36 1.47% I77K B89MXM5
pdf M&G PROPERTY PORTFOLIO R INC GBP INC 117.31 (p) 119.70 (p) 19-Dec-2014 4.46 1.47% N3H7 B6S0YV2
pdf M&G PROPERTY PORTFOLIO I INC GBP INC 1173.71 (p) 1197.66 (p) 19-Dec-2014 4.69 1.23% RZ82 B89X8P6
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G PROPERTY PORTFOLIO A ACC GBP ACC 124.05 (p) 130.57 (p) 19-Dec-2014 3.91 1.98% FBV8 B8G41W0
pdf M&G PROPERTY PORTFOLIO X INC GBP INC 117.20 (p) 117.20 (p) 19-Dec-2014 4.00 1.97% RZ80 B896N16
pdf M&G PROPERTY PORTFOLIO A INC GBP INC 117.20 (p) 123.36 (p) 19-Dec-2014 4.00 1.98% RZ94 B8G9TT8

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£3,608.1m / $5,634.0m (31-Oct-14)
Savings plan Fund has Savings Plan Minimum: £ 10.0 Monthly Launch01-Jun-2009
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 08:00 to 18:00
Minimum initial£ 500
Minimum additional£ 100
Initial charge5.00%
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 (Final), Apr 01, Jul 01, Oct 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Property Industrial, Leisure, Offices, Warehouse Property
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
CASTLE VALE RETAIL PARK - - - -
ALDER CASTLE 10 NOBLE STREET - - - -
CHISWICK GREEN - - - -
THE GRACECHURCH CENTRE - - - -
RIVERSIDE RETAIL PARK - - - -
RAVENSIDE RETAIL PARK - - - -
WYCOMBE RETAIL PARK - - - -
RIVERSIDE HOUSE - - - -
IRON MOUNTAIN DIST. WAREHOUSE - - - -
PARC TROSTRE RETAIL PARK - - - -
Total0.00 
Regional weightings, 31-Oct-2014
Region(%)Rank 
South East37.891 37.89% South East
Midlands17.462 17.46% Midlands
Cash And Near Cash12.703 12.70% Cash And Near Cash
The North8.734 8.73% The North
Scotland8.215 8.21% Scotland
Wales,N.Ireland & Offshore7.076 7.07% Wales,N.Ireland & Offshore
South West4.197 4.19% South West
Central London3.758 3.75% Central London
Total100.00 
Sector weightings, 31-Oct-2014
Sector(%)Rank 
Offices30.661 30.66% Offices
Retail Warehouses23.392 23.39% Retail Warehouses
Industrial15.093 15.09% Industrial
Standard Retail13.044 13.04% Standard Retail
Cash And Near Cash12.705 12.70% Cash And Near Cash
Shopping Centres5.126 5.12% Shopping Centres
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

Property, 87.30%
87.3000% ofProperty
Cash And Near Cash, 12.70%
12.7000% ofCash And Near Cash

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