Morningstar
RecommendedGuide to Asset Flows Open Window IconGuide to Indexes for Fund Management Open Window IconInvestment Analysis Platform for Fund Managers Fund Insights

M&G Recovery Fund Sterling I Acc

Register to Unlock Ratings
Performance History31/08/2021
Growth of 1,000 (GBP) Advanced Graph
M&G Recovery Fund Sterling I Acc
Fund11.5-15.38.2-10.114.7
+/-Cat-4.6-3.2-15.5-5.1-2.8
+/-B’mrk-1.6-5.9-10.9-0.30.1
 
Category: UK Flex-Cap Equity
Category Benchmark: FTSE AllSh TR GBP
Key Stats
NAV
16/09/2021		 GBX 333.35
Day Change 0.24%
Morningstar Category™ UK Flex-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00B4X1L373
Fund Size (Mil)
16/09/2021		 GBP 1549.15
Share Class Size (Mil)
16/09/2021		 GBP 284.80
Max Initial Charge -
Ongoing Charge
30/06/2021		  0.77%
Morningstar Research
Analyst Report

M&G Recovery’s upcoming management change and tweaks to the process keep the Morningstar Analyst Rating for the fund’s GBP I clean share class at Neutral. All other share classes are rated Neutral.Tom Dobell, who has managed this strategy since...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleAverage
ParentAverage
ProcessBelow Average
Performance
Price
Investment Objective: M&G Recovery Fund Sterling I Acc
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period. At least 80% of the Fund is invested directly in equity securities and equity-related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, listed or do most of their business in the United Kingdom.
Returns
Trailing Returns (GBP)16/09/2021
YTD11.63
3 Years Annualised-1.71
5 Years Annualised2.92
10 Years Annualised3.17
12 Month Yield 0.95
Management
Manager Name
Start Date
Michael Stiasny
31/12/2020
Inception Date
15/01/2010
Advertisement
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 Acc31/08/2021
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.870.0099.87
Bond0.000.000.00
Property0.000.000.00
Cash0.220.100.13
Other0.000.000.00
Top 5 Regions%
United Kingdom71.08
Australasia5.93
Asia - Emerging5.45
United States5.18
Asia - Developed4.35
Top 5 Sectors%
Basic Materials18.53
Financial Services18.37
Healthcare14.93
Industrials12.31
Energy8.31
Top 5 HoldingsSector%
BP PLCEnergyEnergy5.95
Oxford BioMedica PLCHealthcareHealthcare5.10
Kenmare Resources PLCBasic MaterialsBasic Materials4.96
HSBC Holdings PLCFinancial ServicesFinancial Services4.30
HUTCHMED (China) Ltd ADRHealthcareHealthcare4.04
Increase Decrease New since last portfolio
M&G Recovery Fund Sterling I Acc

Related

Fund Rating News
Morningstar Fund Ratings Round-up
A raft of funds are downgraded, including Mark Barnett's Invesco Income, as the first batch are examined under the enhanced Morningstar Analyst Rating...
Analyst Rating Thumbnail
Jeffrey Schumacher
Fund Research & Insights
June Fund Round-Up: Woodford Crisis Rumbles On
Decision to gate Woodford Equity Income spells further problems for beleaguered firm, elsewhere Lindsell Train and M&G cut fees and Invesco launch...
Loudspeaker
Emma Simon
Equity Research & Insights
Kier Shares Crash on Profit Warning
Construction group's shares drop 40% as profit forecasts are revised down and cost-cutting plans announced
Warning thumbnail 2
James Gard
Fund Research & Insights
2018's Worst Performing Funds Bounce Back in 2019
Funds with Morningstar Analyst Ratings performed broadly in line with the market, but there were some notable winners and losers 
Morningstar Logo Red
Morningstar Analysts
Equity Research & Insights
Saracen: Emerging Market Stocks Aren't Cheap Enough Yet
The managers of the Saracen Global Income and Growth fund have been looking for cheap emerging market stocks, but haven't been able to find any
Holly Licensed Emerging Markets
David Brenchley
ETF Research & Insights
ETF Investors Drop Commodity and Gold Funds
After inflows in the first half of 2018, commodity-focused exchange traded funds saw sentiment reverse in Q3 as investors took flight
Mining 1 104503739
David Brenchley
Investing for Retirement
Investor Views: “Why I’m Backing Higher Risk Funds”
Retired investor Graham Hague is prepared to take a risk with his equity portfolio and is focused more on return than costs
Investor views lightbulb
Emma Simon
Fund Research & Insights
3 Biggest and Best Global Funds
Looking to geographically diversify your equity exposure? These funds are top-rated by Morningstar analysts
Three
Peter Brunt
ISA Investing
Investor Views: "Junior ISAs Offer Choice and Low Fees"
Private investor Rene Norskov is investing for his daughter in an ISA that charges no fees for the first year and only charges performance fees w...
Investor views lightbulb
Emma Simon
Equity Research & Insights
5 Top Stock Picks of Value Fund Managers
Banks and oil majors are currently favoured by the professional value investors. Will value investing bounce back as monetary policy tightens?
Five number sign
David Brenchley
* 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)
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement       

The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. It is projection/opinion and not a statement of fact. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. This process culminates in a single-point star rating that is updated daily. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn't. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Morningstar Star Rating for Stocks, please visit here

Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. The Quantitative Fair Value Estimate is calculated daily. It is a projection/opinion and not a statement of fact. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Quantiative Fair Value Estimate, please visit here

Select Your Site Edition To make sure the site is relevant to you, we need to know if you’re an individual investor or a financial professional.