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M&G Recovery Fund Sterling I Acc

Performance History30/09/2019
Growth of 1,000 (GBP) Advanced Graph
M&G Recovery Fund Sterling I Acc
Fund-4.520.711.5-15.37.5
+/-Cat-11.410.4-4.6-3.2-6.8
+/-B’mrk-5.43.9-1.6-5.9-6.9
 
Category: UK Flex-Cap Equity
Category Benchmark: FTSE AllSh TR GBP
Key Stats
NAV
18/10/2019		 GBX 327.44
Day Change -0.26%
Morningstar Category™ UK Flex-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00B4X1L373
Fund Size (Mil)
18/10/2019		 GBP 2106.55
Share Class Size (Mil)
18/10/2019		 GBP 436.49
Max Initial Charge -
Ongoing Charge
17/09/2019		  0.81%
Morningstar Research
Analyst Report

M&G Recovery still holds long-term merit for investors looking for a multi-cap contrarian approach, despite some poor medium-term performance. The fund’s relative performance has disappointed investors over the medium term. Since the start of...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeoplePositive
ParentNeutral
ProcessNeutral
PerformanceNeutral
PriceNeutral
Investment Objective: M&G Recovery Fund Sterling I Acc
This fund aims to achieve long-term capital growth higher than that of the FTSE All Share, net of charges, over a five-year period. It does so by investing mainly in a diversified range of investments issued by companies which are out of favour, in difficulty or whose future prospects aren’t fully recognised by the market, and that carry out most of their business in the United Kingdom. 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.
Returns
Trailing Returns (GBP)18/10/2019
YTD6.69
3 Years Annualised2.28
5 Years Annualised3.83
10 Years Annualised*4.14
12 Month Yield 2.04
Management
Manager Name
Start Date
Tom Dobell
31/03/2000
Inception Date
15/01/2010
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPFTSE AllSh TR GBP
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  M&G Recovery Fund Sterling I Acc31/08/2019
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.060.0099.06
Bond0.000.000.00
Property0.000.000.00
Cash0.750.010.74
Other0.200.000.20
Top 5 Regions%
United Kingdom71.77
Australasia6.11
United States5.99
Europe - ex Euro3.79
Asia - Emerging3.07
Top 5 Sectors%
Industrials20.13
Financial Services16.17
Basic Materials14.82
Healthcare14.19
Consumer Cyclical13.95
Top 5 HoldingsSector%
BP PLCEnergyEnergy8.33
HSBC Holdings PLCFinancial ServicesFinancial Services7.14
GW Pharmaceuticals PLC ADRHealthcareHealthcare4.70
IWG PLCIndustrialsIndustrials3.75
EI Group PLCConsumer CyclicalConsumer Cyclical3.33
Increase Decrease New since last portfolio
M&G Recovery Fund Sterling I Acc
* This share class has performance data calculated prior to the inception date, 2010-01-15. This is based upon a simulated/extended track record and is in accordance with Morningstar’s Extended Performance Methodology paper. To find out more about this, click here.
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

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