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M&G Episode Growth Fund I Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Securities Ltd
Fund Summary The Fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the 3-month GBP LIBOR rate, before any charges are taken, over any five year period. There is no guarantee that the Fund will achieve a positive return over five years, or any other period, and investors may not get back the original amount they invested. The Fund is a multi-asset fund that invests across a range of asset classes, including equities, fixed income securities, convertibles, cash and near cash. Exposure to these assets may be gained either directly or indirectly via collective investment schemes or derivatives. The Fund may also invest indirectly via collective investment schemes or derivatives in other asset classes such as property and gold. The currency exposure of the Fund will be actively managed, seeking to enhance returns, with a minimum of 30% of the fund exposed to sterling and a minimum of 60% in developed market currencies (including sterling). Derivatives may be used for investment purposes, efficient portfolio management and hedging. The fund manager has a flexible top-down approach to the allocation of capital between different types of assets in response to changes in economic conditions and asset values. This approach combines in-depth research to work out the value of assets over the medium to long-term, with analysis of market reactions to events to identify investment opportunities. In particular, the Manager seeks to respond when asset prices move away from a reasonable sense of ‘fair’ long-term value due to market reactions to events. The Fund seeks to manage risk by investing globally across multiple asset classes, sectors, currencies and countries. The Fund will typically invest 20-60% of its assets in equities and convertibles, 30-75% in fixed income securities or cash, and up to 20% in other assets.
SEDOL code B708D14
ISIN GB00B708D148
Fund code MGEWI
Managers Eric Lonergan, Craig Moran, Craig Simpson
Manager Tenure 6 years
Morningstar Category GBP Moderately Adventurous Allocation
IMA Sector Mixed Investment 40-85% Shares
Fund Size £830 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.9%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £14.5091
Buy Price £14.5091
Price Change -1.1136%
Price Date 17th September 2020
Yield 2.61%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 4th February 2013
Fund Status OPEN
Eric Lonergan joined M&G in 2006 as a member of Dave Fishwick’s macro investment team. This team is responsible for the management of a non UK-based fund based on the strategy first implemented for the Prudential Life Fund. Eric is now also co-manager of the M&G Macro Episode Fund, launched in 2010. Prior to joining M&G, Eric was managing director and head of macro research at JP Morgan Cazenove. He has a BA in politics, philosophy and economics from Pembroke College, Oxford, and an MSc in economics from the London School of Economics

3-year Mean Monthly Return: 0.254%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance +2.15% -1.18% +3.93% +27.02% -5.82% +6.78% +11.22% +14.69% -4.26% +16.79%
Benchmark Performance
(GBP Moderately Adventurous Allocation)
-0.33% +3.38% +4.48% +16.18% +2.07%
Time Period Cumulative Benchmark Performance
(GBP Moderately Adventurous Allocation)
Fund Compared to Benchmark
1 day -1.11% -1.75% +0.64%
1 week 0.45% +1.03% -0.57%
1 month 0.48% +3.41% -2.92%
3 months 3.76% +21.07% -17.31%
6 months 29.15% +0.92% +28.23%
1 year 3.93% +3.21% +0.72%
3 years 2.08% +6.30% -4.22%
5 years 6.04% +6.35% -0.31%
10 years 6.45% +6.87% -0.41%
YTD -1.10% +0.96% -2.06%
Since inception 6.13% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
iShares Core MSCI World ETF EUR H Dist IRL 18.65%
Us Ultra T-Bond Sep 20 Usd USA 9.55%
E-mini S&P 500 Future June 20 USA 8.66%
United Kingdom of Great Britain and Northern Ireland 0% GBR 5.48%
United Kingdom of Great Britain and Northern Ireland 0% GBR 5.37%
Israel (State Of) 3.8% ISR 5.26%
Euro Stoxx 50 June20 4.88%
Euro-Btp (Italy Govt) Jun 20 Eur ITA 4.62%
E-mini Nasdaq 100 Future June 20 USA 4.16%
Dividend Date Per share amount Reinvestment Price
3rd August 2020 0.0498 £14.2149
1st May 2020 0.0694 £12.7704
3rd February 2020 0.0597 £14.5191
1st November 2019 0.0941 £14.1681
1st August 2019 0.1473 £14.2070
1st May 2019 0.0895 £14.3848