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M&G Episode Income Fund I Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Limited
Fund Summary The Fund aims to generate a growing level of income over any three-year period. The Fund also aims to provide capital growth of 2-4% over any three-year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period. The income distributions and the value of your investment may rise and fall and investors may not recoup the original amount they invested. The fund manager adopts a flexible approach to the allocation of capital between asset classes in response to changes in economic conditions and the valuation of assets. Central to this approach is the identification of episodes, which are periods of time during which, in the fund managers view, asset prices become over- or under-stated, relative to objective valuation measures, due to the emotional reaction of investors to events. These episodes can exist over both the short and medium term. The Fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, cash, and near cash. Exposure to these assets, and to property, may be gained via collective investment schemes and derivatives (including equity index futures, currency forwards, interest rate swaps, and other liquid derivatives). The manager may seek to minimise currency risk through the combination of diversification and hedging. Derivatives may also be used for efficient portfolio management purposes. More than 70% of the Fund will be in sterling or hedged back to sterling.
SEDOL code B4QHRP6
ISIN GB00B4QHRP64
Fund code MGSDA
Managers Steven Andrew
Manager Tenure 9 years
Morningstar Category GBP Moderate Allocation
IMA Sector Mixed Investment 20-60% Shares
Fund Size £916 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.81%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £16.2625
Buy Price £16.2625
Price Change +0.0572%
Price Date 19th July 2019
Yield 2.56%
Dividend Frequency Monthly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 11th November 2010
Fund Status OPEN
Steven Andrew joined M&G in 2005 as a member of the portfolio strategy & risk team, before moving to the Multi Asset team, where he helped to formulate asset allocation strategies for M&G's multi-asset fund range. In November 2010, Steven was appointed manager of the newly launched M&G Income Multi Asset Fund. Before joining M&G, Steven worked at F&C Asset Management, Merrill Lynch and the Bank of England. He graduated from the University of London in 1997 with a degree in financial economics.

3-year Mean Monthly Return: 0.646%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011
Fund Performance +3.35% +3.34% +17.47% +0.07% +6.50% +10.74% +10.49% +5.25%
Benchmark Performance
(GBP Moderate Allocation)
+3.63% +0.51% +13.18% +4.20% -1.58%
Time Period Cumulative Benchmark Performance
(GBP Moderate Allocation)
Fund Compared to Benchmark
1 day 0.06% -0.01% +0.07%
1 week -0.03% +1.11% -1.15%
1 month 2.54% +1.47% +1.06%
3 months 3.83% +2.82% +1.01%
6 months 7.76% +5.38% +2.38%
1 year 4.11% +1.12% +2.99%
3 years 24.84% +17.87% +6.97%
5 years 35.66% +25.41% +10.25%
10 years Currently unavailable +92.81% Currently unavailable
YTD 10.52% +7.33% +3.20%
Since inception 83.78% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
United States Treasury Bonds USA 12.39%
Italy (Republic Of) ITA 7.64%
United States Treasury Bonds USA 5.02%
M&G Property Portfolio GBP I Inc GBR 3.34%
Brazil (Federative Republic) BRA 3.02%
Mexico (United Mexican States) MEX 2.88%
Republic of South Africa ZAF 2.81%
United States Treasury Notes USA 2.16%
Inter-American Development Bank 2.13%
Spain (Kingdom of) ESP 2.02%
Dividend Date Per share amount Reinvestment Price
1st July 2019 0.0222 £16.1053
3rd June 2019 0.0772 £15.3780
1st May 2019 0.0527 £15.6600
1st April 2019 0.0425 £15.4343
1st March 2019 0.0240 £15.2875
1st February 2019 0.0287 £15.1660