M&G Recovery Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
30/06/24 to 30/06/25 |
|
|---|---|---|---|---|---|
| Fund | 31.1% | -15.1% | 7.1% | 7.5% | 14.0% |
| Sector | 27.7% | -8.5% | 6.2% | 12.6% | 8.7% |
| Rank | 57/202 | 157/207 | 121/212 | 190/213 | 21/214 |
| Quartile | 2 | 4 | 3 | 4 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/25 |
5 Years to 30/06/25 |
10 Years to 30/06/25 |
||
| Fund | 9.5% | 7.9% | n/a | |
| Sector | 9.1% | 8.7% | 5.4% | |
| Rank | 120/212 | 126/202 | n/a | |
| Quartile | 3 | 3 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HSBC HOLDINGS | 6.68 |
| SHELL | 4.31 |
| ASTRAZENECA | 4.09 |
| IMPERIAL BRANDS | 3.94 |
| BP P.L.C. | 3.68 |
| NATIONAL GRID | 3.53 |
| GSK | 3.43 |
| LLOYDS BANKING GROUP | 3.01 |
| KENMARE RESOURCES | 2.96 |
| MESOBLAST LIMITED | 2.75 |
| Total | 38.37 |
Fund Aims
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.
Fund Manager
Michael Stiasny is the fund manager of Charifund and, since 1 April 2018, of the M&G UK Income Distribution Fund. He is also deputy fund manager of both the M&G Recovery Fund and the M&G Global Recovery Fund. He joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in 2005. He was appointed deputy fund manager of the M&G Recovery Fund in 2011. Michael graduated with a degree in philosophy, politics and economics from the University of Oxford. He is a CFA charterholder.
Fund Overview
| Mid (30/06/2025) | 100.40p |
| Historic yield | 3.37% |
| Fund size (31/05/2025) | £905.25m |
| Number of holdings | 156 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.58% |
| Launch date | 23/05/1969 |
Asset Allocation
| UK Equities | 88.34% | |
| International Equities | 10.73% | |
| Cash and Equivalents | 0.39% | |
| International Bonds | 0.05% | |
| UK Corporate Bonds | 0.02% | |
| Other Assets | 0.47% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 88.34% | |
| International Equities | 10.73% | |
| Cash and Equivalents | 0.39% | |
| International Bonds | 0.05% | |
| UK Corporate Bonds | 0.02% | |
| Other Assets | 0.47% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 23.59% | - | - | - | |
| Banks | - | 13.08% | - | - | |
| Banks | - | - | 13.08% | - | |
| Banks | - | - | - | 13.08% | |
| Insurance | - | 8.21% | - | - | |
| Non-life Insurance | - | - | 4.56% | - | |
| Property & Casualty Insurance | - | - | - | 3.33% | |
| Full Line Insurance | - | - | - | 1.23% | |
| Life Insurance | - | - | 3.65% | - | |
| Life Insurance | - | - | - | 3.65% | |
| Financial Services | - | 2.30% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.19% | - | |
| Asset Managers & Custodians | - | - | - | 1.65% | |
| Investment Services | - | - | - | 0.54% | |
| Nonequity Investment Instruments | - | - | 0.11% | - | |
| Nonequity Investment Instruments | - | - | - | 0.11% | |
| Health Care | 16.47% | - | - | - | |
| Health Care | - | 16.47% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 15.68% | - | |
| Pharmaceuticals | - | - | - | 8.47% | |
| Biotechnology | - | - | - | 7.20% | |
| Medical Equipment & Services | - | - | 0.79% | - | |
| Medical Equipment | - | - | - | 0.79% | |
| Consumer Staples | 12.01% | - | - | - | |
| Food, Beverage & Tobacco | - | 6.56% | - | - | |
| Tobacco | - | - | 3.94% | - | |
| Tobacco | - | - | - | 3.94% | |
| Food Producers | - | - | 2.06% | - | |
| Food Products | - | - | - | 1.56% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.50% | |
| Beverages | - | - | 0.56% | - | |
| Distillers & Vintners | - | - | - | 0.56% | |
| Personal Care, Drug & Grocery Stores | - | 5.44% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 5.44% | - | |
| Nondurable Household Products | - | - | - | 2.18% | |
| Personal Products | - | - | - | 1.88% | |
| Food Retailers & Wholesalers | - | - | - | 1.38% | |
| Consumer Discretionary | 10.59% | - | - | - | |
| Media | - | 4.50% | - | - | |
| Media | - | - | 4.50% | - | |
| Media Agencies | - | - | - | 2.46% | |
| Radio & TV Broadcasters | - | - | - | 1.16% | |
| Publishing | - | - | - | 0.87% | |
| Travel & Leisure | - | 3.05% | - | - | |
| Travel & Leisure | - | - | 3.05% | - | |
| Casinos & Gambling | - | - | - | 2.32% | |
| Travel & Tourism | - | - | - | 0.46% | |
| Hotels & Motels | - | - | - | 0.28% | |
| Consumer Products & Services | - | 1.86% | - | - | |
| Personal Goods | - | - | 1.48% | - | |
| Clothing & Accessories | - | - | - | 1.48% | |
| Leisure Goods | - | - | 0.37% | - | |
| Photography | - | - | - | 0.37% | |
| Retail | - | 1.18% | - | - | |
| Retailers | - | - | 1.18% | - | |
| Specialty Retailers | - | - | - | 0.65% | |
| Apparel Retailers | - | - | - | 0.53% | |
| Industrials | 9.19% | - | - | - | |
| Industrial Goods & Services | - | 5.08% | - | - | |
| Aerospace & Defence | - | - | 1.92% | - | |
| Defense | - | - | - | 1.92% | |
| Industrial Support Services | - | - | 1.18% | - | |
| Professional Business Support Services | - | - | - | 0.81% | |
| Industrial Suppliers | - | - | - | 0.37% | |
| Industrial Engineering | - | - | 0.69% | - | |
| Machinery: Specialty | - | - | - | 0.69% | |
| General Industrials | - | - | 0.66% | - | |
| Diversified Industrials | - | - | - | 0.66% | |
| Electronic & Electrical Equipment | - | - | 0.63% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.63% | |
| Construction & Materials | - | 4.11% | - | - | |
| Construction & Materials | - | - | 4.11% | - | |
| Construction | - | - | - | 2.59% | |
| Building Materials: Other | - | - | - | 0.92% | |
| Engineering & Contracting Services | - | - | - | 0.61% | |
| Basic Materials | 9.11% | - | - | - | |
| Basic Resources | - | 7.02% | - | - | |
| Industrial Metals & Mining | - | - | 7.02% | - | |
| General Mining | - | - | - | 4.91% | |
| Nonferrous Metals | - | - | - | 1.40% | |
| Copper | - | - | - | 0.72% | |
| Chemicals | - | 2.09% | - | - | |
| Chemicals | - | - | 2.09% | - | |
| Chemicals: Diversified | - | - | - | 1.08% | |
| Specialty Chemicals | - | - | - | 1.01% | |
| Energy | 8.58% | - | - | - | |
| Energy | - | 8.58% | - | - | |
| Non-Renewable Energy | - | - | 8.46% | - | |
| Integrated Oil & Gas | - | - | - | 7.99% | |
| Oil: Crude Producers | - | - | - | 0.47% | |
| Renewable Energy | - | - | 0.13% | - | |
| Alternative Fuels | - | - | - | 0.13% | |
| Utilities | 6.14% | - | - | - | |
| Utilities | - | 6.14% | - | - | |
| Gas, Water & Multi-utilities | - | - | 4.90% | - | |
| Multi-Utilities | - | - | - | 3.53% | |
| Water | - | - | - | 1.36% | |
| Electricity | - | - | 1.24% | - | |
| Conventional Electricity | - | - | - | 1.24% | |
| Telecommunications | 1.64% | - | - | - | |
| Telecommunications | - | 1.64% | - | - | |
| Telecommunications Service Providers | - | - | 1.64% | - | |
| Telecommunications Services | - | - | - | 1.64% | |
| Real Estate | 1.01% | - | - | - | |
| Real Estate | - | 1.01% | - | - | |
| Real Estate Investment Trusts | - | - | 1.01% | - | |
| Office REITs | - | - | - | 1.01% | |
| Technology | 0.74% | - | - | - | |
| Technology | - | 0.74% | - | - | |
| Software & Computer Services | - | - | 0.74% | - | |
| Computer Services | - | - | - | 0.74% | |
| Non-Classified | 0.47% | - | - | - | |
| Cash and Equivalents | 0.39% | - | - | - | |
| Bonds | 0.07% | - | - | - | |
Regional Allocation
| UK | 91.91% | |
| Developed Europe - Excl UK | 3.37% | |
| Australia & New Zealand | 2.75% | |
| North America | 1.11% | |
| Non-Classified | 0.47% | |
| Cash and Equivalents | 0.39% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.54% | |
| Cash | 0.39% | |
| Pound Sterling | 0.07% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 91.91% | - | |
United Kingdom
|
- | 88.36% | |
Isle of Man
|
- | 2.32% | |
Jersey
|
- | 1.23% | |
| Developed Europe - Excl UK | 3.37% | - | |
Ireland
|
- | 3.23% | |
Germany
|
- | 0.11% | |
France
|
- | 0.02% | |
Netherlands
|
- | 0.01% | |
| Australia & New Zealand | 2.75% | - | |
Australia
|
- | 2.75% | |
| North America | 1.11% | - | |
Canada
|
- | 1.11% | |
| Non-Classified | 0.47% | - | |
| Cash and Equivalents | 0.39% | - | |
Breakdown By Market Cap (%)
| Mega |
|
30.60% |
| Large |
|
9.76% |
| Medium |
|
16.55% |
| Small |
|
10.37% |
| Micro |
|
1.65% |
| Non-Classified |
|
30.61% |
| Bonds |
|
0.07% |
| Cash |
|
0.39% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HSBC HOLDINGS | 6.68% | Banks | United Kingdom |
| 2 | SHELL | 4.31% | Non-Renewable Energy | United Kingdom |
| 3 | ASTRAZENECA | 4.09% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | IMPERIAL BRANDS | 3.94% | Tobacco | United Kingdom |
| 5 | BP P.L.C. | 3.68% | Non-Renewable Energy | United Kingdom |
| 6 | NATIONAL GRID | 3.53% | Gas, Water & Multi-utilities | United Kingdom |
| 7 | GSK | 3.43% | Pharmaceuticals & Biotechnology | United Kingdom |
| 8 | LLOYDS BANKING GROUP | 3.01% | Banks | United Kingdom |
| 9 | KENMARE RESOURCES | 2.96% | Industrial Metals & Mining | Ireland |
| 10 | MESOBLAST LIMITED | 2.75% | Pharmaceuticals & Biotechnology | Australia |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.74% | - | - | - | - | - | - | - | 0.74% |
| Telecommunications | 1.64% | - | - | - | - | - | - | - | 1.64% |
| Financials | 22.26% | 1.34% | - | - | - | - | - | - | 23.59% |
| Real Estate | 1.01% | - | - | - | - | - | - | - | 1.01% |
| Consumer Discretionary | 8.00% | 2.59% | - | - | - | - | - | - | 10.59% |
| Consumer Staples | 12.01% | - | - | - | - | - | - | - | 12.01% |
| Energy | 8.58% | - | - | - | - | - | - | - | 8.58% |
| Utilities | 6.14% | - | - | - | - | - | - | - | 6.14% |
| Health Care | 13.33% | 3.13% | - | - | - | - | - | - | 16.47% |
| Industrials | 9.19% | - | - | - | - | - | - | - | 9.19% |
| Basic Materials | 5.44% | 3.67% | - | - | - | - | - | - | 9.11% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.39% | 0.39% |
| Bonds | - | - | 0.02% | 0.05% | - | - | - | - | 0.07% |
| Non-Classified | - | - | - | - | - | - | 0.47% | - | 0.47% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BK7XXV3 |
| Mex Code | - |
| Isin Code | GB00BK7XXV30 |
| Citi Code | QGNS |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.58% |
Aims and Benchmark
| Aims | 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. |
| Benchmark | FTSE All-Share Index |
| Benchmark Category | Target |
| IA Sector | UK All Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.85 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | M&G Investments |
| Group address | 10 Fenchurch Avenue London EC3M 5AG United Kingdom |
| Group telephone | 0800 390 390 |
| Dealing telephone | 0800 328 3196 |
| info@mandg.co.uk | |
| Homepage | www.mandg.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | - |
| Settlement Period: Sell | - |
| Pricing Basis | None |
| Dealing Decimals | - |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.