M&G Episode Allocation Class PP GBP Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/01/19
to
31/01/20
31/01/20
to
31/01/21
31/01/21
to
31/01/22
31/01/22
to
31/01/23
31/01/23
to
31/01/24
Fund n/a -0.5% 5.8% 0.7% 6.7%
Sector 8.9% 3.2% 4.3% -3.8% 3.2%
Rank 136/145 129/152 60/167 15/175 16/181
Quartile 4 4 2 1 1

Annualised performance

Annualised
3 Years to
31/01/24
5 Years to
31/01/24
10 Years to
31/01/24
Fund 4.4% n/a n/a
Sector 1.2% 3.1% 3.7%
Rank 7/167 56/145 n/a
Quartile 1 2 n/a

Top 10 Holdings

Stock % Weight
UNITED KINGDOM (GOVERNMENT OF) 0% 20/11/2023 6.01
UK CONV GILT 3.75% 22/10/2053 5.08
UNITED KINGDOM (GOVERNMENT OF) 0% 09/10/2023 4.55
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 8% 07/11/2047 4.21
UNITED KINGDOM (GOVERNMENT OF) 0% 23/10/2023 3.38
SOUTH AFRICA (REPUBLIC OF) 8.5% 31/01/2037 2.61
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 10% 01/01/2029 2.30
XTrackers Xtrackers DAX UCITS ETF ETF [Xetra] 2.27
UNITED STATES TREASURY 0.125% 15/02/2052 2.26
XTrackers Xtrackers MSCI Taiwan UCITS ETF ETF [LSE] 1.02
Total 33.68

Fund Aims

The Fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), 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.

Fund Manager

Craig Moran manager for 13 years and 1 months

Photo of Craig Moran Craig Moran joined M&G in 2005 as a performance and risk analyst. He was appointed deputy fund manager of the M&G Managed Fund and the M&G Global Dynamic Allocation Fund in January 2011. Previously, he was fund manager assistant to the multi asset team for three years, and in 2010 became an investment analyst in that team. Craig has a bachelor of business from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.

Stuart Canning manager for 4 years and 3 months

Photo of Stuart Canning Stuart Canning has worked with the multi asset team for twelve years and a research analyst since 2015. In those twelve years Stuart has worked closely across the various funds managed the team, and particularly closely with Tony Finding on the M&G Episode Allocation Fund. As well as providing input to investment decision making, Stuart has worked extensively on the marketing material of the M&G Episode Allocation fund to launch the proposition in the institutional space (as a competitor to ‘Diversified growth’ strategies). Stuart also represents the investment team in direct client and prospect meetings for this and other funds. Stuart has also been responsible for driving the written marketing material for the team, having written extensively for the Cayman-based Episode fund for over a decade and leading the team’s blog. Stuart is a Chartered Financial Analyst and has a degree in English and History from the University of York.

Tony Finding manager for 13 years and 1 months

Photo of Tony Finding Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the multi asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Cautious Multi Asset Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.

Juan Nevado manager for 13 years and 1 months

Photo of Juan Nevado Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. In January 2011, Juan was appointed co-manager of the M&G Episode Balanced Fund and the M&G Dynamic Allocation Fund. In November 2013, he was also appointed deputy manager of the M&G Income Allocation Fund upon its launch. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.

Fund Overview

Mid (23/02/2024) 105.36p
Historic yield 3.22%
Fund size (31/08/2023) £216.67m
Number of holdings 4080
Entry Charge 0.00%
Ongoing Charges 0.61%
Launch date 16/02/2007

Asset Allocation

pie chart
  International Bonds 25.31%
  UK Corporate Bonds 21.55%
  International Equities 10.47%
  Commodities 5.65%
  UK Equities 3.33%
  Alternative Trading Strategies 2.67%
  Cash and Equivalents 1.51%
  Property 0.14%
  Money Market 0.05%
  Other Assets 29.32%
Portfolio data accurate as at: 31/08/23

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 25.31%
  UK Corporate Bonds 21.55%
  International Equities 10.47%
  Commodities 5.65%
  UK Equities 3.33%
  Alternative Trading Strategies 2.67%
  Cash and Equivalents 1.51%
  Property 0.14%
  Money Market 0.05%
  Other Assets 29.32%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 46.86% - - -
 
Non-Classified 33.61% - - -
 
Non-Classified - 30.97% - -
 
Non-Classified - - 30.97% -
 
Non-Classified - - - 30.97%
 
Commodities 5.65% - - -
 
Commodities - 5.65% - -
 
Commodities - - 5.65% -
 
Commodities - - - 5.65%
 
Financials 2.84% - - -
 
Banks - 2.13% - -
 
Banks - - 2.13% -
 
Banks - - - 2.13%
 
Insurance - 0.49% - -
 
Non-life Insurance - - 0.39% -
 
Full Line Insurance - - - 0.25%
 
Property & Casualty Insurance - - - 0.14%
 
Life Insurance - - 0.09% -
 
Life Insurance - - - 0.09%
 
Financial Services - 0.23% - -
 
Investment Banking & Brokerage Services - - 0.23% -
 
Asset Managers & Custodians - - - 0.15%
 
Diversified Financial Services - - - 0.06%
 
Investment Services - - - 0.02%
 
Alternative Trading Strategies 2.67% - - -
 
Alternative Trading Strategies - 2.67% - -
 
Alternative Trading Strategies - - 2.67% -
 
Alternative Trading Strategies - - - 2.67%
 
Cash and Equivalents 1.55% - - -
 
Consumer Discretionary 1.39% - - -
 
Automobiles & Parts - 0.41% - -
 
Automobiles & Parts - - 0.41% -
 
Automobiles - - - 0.39%
 
Tires - - - 0.01%
 
Auto Parts - - - 0.01%
 
Retail - 0.28% - -
 
Retailers - - 0.28% -
 
Apparel Retailers - - - 0.23%
 
Diversified Retailers - - - 0.04%
 
Specialty Retailers - - - 0.01%
 
Travel & Leisure - 0.25% - -
 
Travel & Leisure - - 0.25% -
 
Casinos & Gambling - - - 0.10%
 
Airlines - - - 0.07%
 
Travel & Tourism - - - 0.04%
 
Hotels & Motels - - - 0.03%
 
Restaurants & Bars - - - 0.01%
 
Consumer Products & Services - 0.23% - -
 
Consumer Services - - 0.16% -
 
Vending & Catering Service - - - 0.13%
 
Consumer Services: Misc. - - - 0.03%
 
Personal Goods - - 0.07% -
 
Clothing & Accessories - - - 0.07%
 
Cosmetics - - - 0.00%
 
Media - 0.21% - -
 
Media - - 0.21% -
 
Media Agencies - - - 0.13%
 
Radio & TV Broadcasters - - - 0.05%
 
Publishing - - - 0.02%
 
Utilities 1.10% - - -
 
Utilities - 1.10% - -
 
Electricity - - 0.83% -
 
Conventional Electricity - - - 0.81%
 
Alternative Electricity - - - 0.01%
 
Gas, Water & Multi-utilities - - 0.27% -
 
Multi-Utilities - - - 0.26%
 
Gas Distribution - - - 0.01%
 
Energy 0.89% - - -
 
Energy - 0.89% - -
 
Non-Renewable Energy - - 0.87% -
 
Integrated Oil & Gas - - - 0.69%
 
Pipelines - - - 0.08%
 
Oil: Crude Producers - - - 0.05%
 
Oil Equipment & Services - - - 0.05%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.02% -
 
Alternative Fuels - - - 0.02%
 
Renewable Energy Equipment - - - 0.00%
 
Industrials 0.83% - - -
 
Industrial Goods & Services - 0.51% - -
 
Industrial Transportation - - 0.16% -
 
Transportation Services - - - 0.07%
 
Delivery Services - - - 0.05%
 
Marine Transportation - - - 0.03%
 
Commercial Vehicles & Parts - - - 0.01%
 
Industrial Support Services - - 0.11% -
 
Professional Business Support Services - - - 0.05%
 
Industrial Suppliers - - - 0.04%
 
Transaction Processing Services - - - 0.02%
 
Business Training & Employment Agencies - - - 0.00%
 
Industrial Engineering - - 0.09% -
 
Machinery: Agricultural - - - 0.07%
 
Machinery: Industrial - - - 0.02%
 
Electronic & Electrical Equipment - - 0.06% -
 
Electrical Components - - - 0.06%
 
General Industrials - - 0.05% -
 
Diversified Industrials - - - 0.04%
 
Containers & Packaging - - - 0.01%
 
Aerospace & Defence - - 0.05% -
 
Defense - - - 0.03%
 
Aerospace - - - 0.02%
 
Construction & Materials - 0.32% - -
 
Construction & Materials - - 0.32% -
 
Construction - - - 0.17%
 
Engineering & Contracting Services - - - 0.14%
 
Building Materials: Other - - - 0.01%
 
Health Care 0.62% - - -
 
Health Care - 0.62% - -
 
Pharmaceuticals & Biotechnology - - 0.55% -
 
Pharmaceuticals - - - 0.29%
 
Biotechnology - - - 0.25%
 
Medical Equipment & Services - - 0.07% -
 
Medical Equipment - - - 0.05%
 
Medical Supplies - - - 0.02%
 
Health Care Providers - - 0.00% -
 
Health Care Facilities - - - 0.00%
 
Technology 0.57% - - -
 
Technology - 0.57% - -
 
Software & Computer Services - - 0.39% -
 
Computer Services - - - 0.19%
 
Consumer Digital Services - - - 0.13%
 
Software - - - 0.08%
 
Technology Hardware & Equipment - - 0.17% -
 
Semiconductors - - - 0.16%
 
Electronic Components - - - 0.01%
 
Basic Materials 0.44% - - -
 
Basic Resources - 0.39% - -
 
Industrial Metals & Mining - - 0.39% -
 
General Mining - - - 0.21%
 
Iron & Steel - - - 0.08%
 
Copper - - - 0.06%
 
Nonferrous Metals - - - 0.04%
 
Industrial Materials - - 0.00% -
 
Diversified Materials - - - 0.00%
 
Precious Metals & Mining - - 0.00% -
 
Gold Mining - - - 0.00%
 
Chemicals - 0.05% - -
 
Chemicals - - 0.05% -
 
Chemicals: Diversified - - - 0.05%
 
Telecommunications 0.39% - - -
 
Telecommunications - 0.39% - -
 
Telecommunications Service Providers - - 0.39% -
 
Telecommunications Services - - - 0.39%
 
Consumer Staples 0.38% - - -
 
Food, Beverage & Tobacco - 0.20% - -
 
Food Producers - - 0.13% -
 
Food Products - - - 0.09%
 
Fruit & Grain Processing - - - 0.03%
 
Farming, Fishing, Ranching & Plantations - - - 0.02%
 
Tobacco - - 0.04% -
 
Tobacco - - - 0.04%
 
Beverages - - 0.03% -
 
Distillers & Vintners - - - 0.03%
 
Personal Care, Drug & Grocery Stores - 0.18% - -
 
Personal Care, Drug & Grocery Stores - - 0.18% -
 
Personal Products - - - 0.17%
 
Food Retailers & Wholesalers - - - 0.00%
 
Real Estate 0.21% - - -
 
Real Estate - 0.21% - -
 
Real Estate Investment Trusts - - 0.17% -
 
Industrial REITs - - - 0.04%
 
Diversified REITs - - - 0.04%
 
Retail REITs - - - 0.04%
 
Other Specialty REITs - - - 0.02%
 
Office REITs - - - 0.02%
 
Hotel & Lodging REITs - - - 0.01%
 
Health Care REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.04% -
 
Real Estate Holding and Development - - - 0.04%

Regional Allocation

pie chart
  Non-Classified 32.68%
  UK 24.88%
  Developed Europe - Excl UK 17.21%
  North America 8.68%
  South & Central America 7.50%
  Middle East & Africa 3.43%
  Emerging Asia 2.46%
  Cash and Equivalents 1.56%
  Developed Asia 0.85%
  Other Regions 0.74%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 51.66%
  Pound Sterling 24.39%
  US Dollar 10.32%
  Mexican Peso 4.21%
  Euro 3.04%
  Rand 2.61%
  Other Currencies 3.78%

Regional Breakdown

Expand allCollapse all
Region Country
 
Non-Classified 32.68% -
 
UK 24.88% -
 
United Kingdom - 24.88%
 
Developed Europe - Excl UK 17.21% -
 
Luxembourg - 5.98%
 
Germany - 2.81%
 
Spain - 2.50%
 
Italy - 1.96%
 
Netherlands - 1.74%
 
France - 0.99%
 
Ireland - 0.44%
 
Belgium - 0.14%
 
Sweden - 0.13%
 
Switzerland - 0.13%
 
Denmark - 0.10%
 
Austria - 0.09%
 
Norway - 0.08%
 
Finland - 0.05%
 
Iceland - 0.04%
 
Portugal - 0.04%
 
North America 8.68% -
 
United States - 8.43%
 
Canada - 0.25%
 
South & Central America 7.50% -
 
Mexico - 4.47%
 
Brazil - 2.41%
 
Colombia - 0.10%
 
Chile - 0.10%
 
Dominican Republic - 0.09%
 
Peru - 0.09%
 
Uruguay - 0.07%
 
Argentina - 0.04%
 
Ecuador - 0.03%
 
Jamaica - 0.03%
 
Costa Rica - 0.02%
 
Paraguay - 0.01%
 
Cayman Islands - 0.01%
 
El Salvador - 0.01%
 
Guatemala - 0.01%
 
Trinidad and Tobago - 0.01%
 
Bolivia - 0.00%
 
Venezuela - 0.00%
 
Middle East & Africa 3.43% -
 
South Africa - 2.70%
 
Qatar - 0.12%
 
Saudi Arabia - 0.12%
 
United Arab Emirates - 0.12%
 
Oman - 0.10%
 
Egypt - 0.06%
 
Nigeria - 0.05%
 
Angola - 0.03%
 
Kenya - 0.02%
 
Ghana - 0.02%
 
Jordan - 0.02%
 
Zambia - 0.01%
 
Morocco - 0.01%
 
Iraq - 0.01%
 
Senegal - 0.01%
 
Israel - 0.01%
 
Cote D'Ivoire - 0.01%
 
Gabon - 0.00%
 
Ethiopia - 0.00%
 
Lebanon - 0.00%
 
Tunisia - 0.00%
 
Emerging Asia 2.46% -
 
Indonesia - 1.11%
 
Taiwan - 1.02%
 
Philippines - 0.11%
 
Malaysia - 0.06%
 
China - 0.05%
 
Kazakhstan - 0.03%
 
India - 0.02%
 
Sri Lanka - 0.02%
 
Azerbaijan - 0.01%
 
Pakistan - 0.01%
 
Viet Nam - 0.01%
 
Macau - 0.00%
 
Cash and Equivalents 1.56% -
 
Developed Asia 0.85% -
 
Singapore - 0.79%
 
Hong Kong - 0.06%
 
Emerging Europe 0.34% -
 
Turkey - 0.14%
 
Romania - 0.07%
 
Hungary - 0.06%
 
Poland - 0.03%
 
Greece - 0.02%
 
Ukraine - 0.01%
 
Serbia - 0.01%
 
Australia & New Zealand 0.24% -
 
Australia - 0.24%
 
Property 0.13% -
 
Japan 0.02% -
 
Japan - 0.02%

Breakdown By Market Cap (%)

Mega
 
 
4.90%
Large
 
 
2.12%
Medium
 
 
1.35%
Small
 
 
0.78%
Micro
 
 
0.17%
Non-Classified
 
 
42.27%
Bonds
 
 
46.86%
Cash
 
 
1.55%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
21.01%
5Yr - 10Yr Maturity
 
 
7.46%
10Yr - 15Yr Maturity
 
 
3.78%
> 15Yr Maturity
 
 
14.61%
Cash And Equivalents
 
 
1.55%
Unknown Maturity
 
 
2.64%
Other Asset Types
 
 
48.95%

Fixed Interest Quality Profile

AAA
 
 
0.14%
AA
 
 
0.38%
A
 
 
1.62%
BBB
 
 
7.88%
Sub-Investment Grade
 
 
7.23%
Unknown Quality
 
 
29.62%
Cash and Equivalents
 
 
1.55%
Other Asset Types
 
 
51.59%

Top 10 Holdings

Stock % Weight Sector Country
1 UNITED KINGDOM (GOVERNMENT OF) 0% 20/11/2023 6.01% Bonds United Kingdom
2 UK CONV GILT 3.75% 22/10/2053 5.08% Bonds United Kingdom
3 UNITED KINGDOM (GOVERNMENT OF) 0% 09/10/2023 4.55% Bonds United Kingdom
4 MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 8% 07/11/2047 4.21% Bonds Mexico
5 UNITED KINGDOM (GOVERNMENT OF) 0% 23/10/2023 3.38% Bonds United Kingdom
6 SOUTH AFRICA (REPUBLIC OF) 8.5% 31/01/2037 2.61% Bonds South Africa
7 BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 10% 01/01/2029 2.30% Bonds Brazil
8 XTrackers Xtrackers DAX UCITS ETF ETF [Xetra] 2.27% Non-Classified Germany
9 UNITED STATES TREASURY 0.125% 15/02/2052 2.26% Bonds United States
10 XTrackers Xtrackers MSCI Taiwan UCITS ETF ETF [LSE] 1.02% Non-Classified Taiwan

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 BK7XX80
Mex Code -
Isin Code GB00BK7XX801
Citi Code QGN9

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.61%

Aims and Benchmark

Aims The Fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), 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.
Benchmark SONIA + 5%
Benchmark Category Target
IA Sector Mixed Investment 20-60% Shares

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Quarterly
Distribution Type Dividend
Distribution Payment Basis Net

Ratings

FE Crown Crown Rating of 4

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
Email 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.