M&G European Select I

  • 2005.03p
    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.

  • 2425.08p
    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!

  • 0.75%
    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).

  • 0.93%
    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.

  • 2.80%
    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 27 September 2021, fund data last updated 04 April 2018

The fund is at least 80% invested in the shares of European companies, excluding the UK, with the aim of growing capital over the long term (three years or more). The fund manager selects stocks based on in-depth analysis of individual companies, seeking to invest in businesses with sustainable competitive advantages, which have the opportunity to reinvest their capital at high rates of return. A company’s strategy around the allocation of capital is central to the investment process, with the manager focusing on those that recognise the importance of growing dividends, which he believes will drive long-term capital growth. The fund usually holds shares in fewer than 50 companies.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched
Size £142m
Yield 2.80%
Charging basis Income
Dividends paid 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.93%

Allocation

Proportion (%)

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Investment process

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

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Sector breakdown

Industrials 19.00%
Financials 17.00%
Health Care 17.00%
Consumer Services 12.00%
Basic Materials 10.00%
Oil & Gas 7.00%
Consumer Goods 6.00%
Technology 5.00%
Utilities 4.00%
Money Market 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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