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M&G CHARIFUND A

M&G CHARIFUND A - Overview

Overview of M&G CHARIFUND A

Bestinvest research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. M&G CHARIFUND A does not fall into either of these categories at present.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector UK Equity Income
Structure UNIT TRUST
Launched February, 1960
Size £1,114m
Yield 4.6%
Charging basis
Dividends paid

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.46%
Total expense ratio 0.47%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0
Allocation Proportion(%)
UK 100
Europe 0
North America 0
Japan 0
Pacific 0
Other Equity 0
Allocation Proportion(%)
Large Caps 80
Mid Caps 15
Small Caps 5

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) 1,417.14p
Accum units 18,362.42p
Fund commentary
Fund data updated on 17/12/14

Asset allocation

Allocation Proportion(%)
Equity 100
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 0

Equity Geographic

Allocation Proportion(%)
UK 100
Europe 0
North America 0
Japan 0
Pacific 0
Other Equity 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 80
Mid Caps 15
Small Caps 5

Top 10 holdings

As at: 31/08/2014
5.74% Royal Dutch Shell
4.3% Bp
3.97% Hsbc Hldgs
3.91% Glaxosmithkline
3.33% Astrazeneca Plc
3.11% Vodafone Group
2.33% United Utilities Group Plc
1.99% Verizon Communications Inc
1.99% Novartis Ag
1.87% Pennon Group
Source: Trustnet

Sector breakdown

Financials 31%
Industrials 13%
Oil & Gas 12%
Health Care 11%
Utilities 10%
Telecommunications 8%
Consumer Services 8%
Basic Materials 4%
Consumer Goods 2%
Technology 0%

Portfolio details

No information available.

Constraints

No information available.

Average monthly relative returns Bestinvest MRI
09/10 10/11 11/12 12/13 13/14   3 years 5 years Career 3 years 5 years Career
-0.12% 0.13% 0.30% 0.39% 0.18%   0.29% 0.18% 0.02% 99.30% 96.00% 85.10%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Richard Hughes

Manager. Hughes joined M&G in 1986 and is a UK equity income fund manager. He previously worked for Derbyshire County Council for eight years where he was manager of their pension fund. He graduated from Sheffield University with an Honours degree in Accounting and Economics and is an associate of UKSIP.

Track record

Richard Hughes has 12.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from February 2007 - December 2010) there was a decline of 16% relative to the index. The worst absolute loss has been 44%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 85%.

Periods of worst performance
Absolute -44% (May 2007 - March 2009)
Relative -16% (February 2007 - December 2010)

Sector record since May 2002 (13 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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