M&G Episode Growth I

  • 1652.55p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 1993.02p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.65%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.96%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.80%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 October 2021

Predominantly an internal fund of funds, with external funds or exchange traded fund used, when M&G's fund range does not cover specific sectors. Within the M&G multi asst team, each analyst has a sector to monitor and the team make asset allocation decisions on global themes, geographical preferences, industrial sectors and investment style.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched
Size £919m
Yield 0.80%
Charging basis Capital
Dividends paid Mar, Jun, Sep, Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.65%
Ongoing charges figure 0.96%

Allocation

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Allocation

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Allocation

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Investment process

The manager aims to provide a total return by investing in a range of assets, including equities, bonds, money market instruments, cash, funds and direct holdings (excluding property). M&G have a multi-asset team, with each analyst screening a different sector, and they provide the manager with a list of products which he can select from. The range includes all of M&G equity, fixed interest and property funds and other securities, including external funds. The multi-asset team determines the fund’s asset allocation between the various securities, as well as the fund’s geographical spread. When M&G's asset allocation team is deciding their strategy, they use a systematic approach to identify themes, regional preferences, sectors and investment styles.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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.

Allocation

Proportion (%)

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Allocation

Proportion (%)

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Allocation

Proportion (%)

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Sector breakdown

Equities 72.00%
Money Market 21.00%
Government Bonds 8.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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