fund
M&G Global Themes I
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1907.11p
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.
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2165.76p
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?
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0.00%
Initial chargeSome 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!
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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).
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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.
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1.70%
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…
The fund targets long term capital growth from investment in global equities. The manager tries to identify long term shifts in the global economy as it becomes more advanced, then select companies that will benefit from these shifts. Graham French resigned as manager in November 2013, handing control to his deputy.
Fund summary
| Sector | Global |
| Structure | OEIC |
| Launched | |
| Size | £2,169m |
| Yield | 1.70% |
| Charging basis | Income |
| Dividends paid | Oct |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.93% |
Allocation
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Investment process
The investment focus is on companies that are considered the ‘building blocks’ of the world’s economy: ‘primary’ industries (companies involved in the extraction of raw materials) and ‘secondary’ industries (companies involved in the conversion of materials into products and services). Key to the fund’s strategy is the identification of fundamental themes – shifts in economies and consumer behaviour – that will have large impacts on companies. Essentially the manager looks for companies that will benefit from the expansion of the needs of the global economy as it becomes more advanced: from basic materials, through infrastructure, to branded consumer goods. Portfolio companies typically have tangible and undervalued assets, are well-financed with strong cash generation, and have clear, identifiable business models.
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
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Allocation
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Allocation
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Sector breakdown
| Industrials | 14.00% |
| Financials | 13.00% |
| Information Technology | 13.00% |
| Health Care | 11.00% |
| Real Estate | 9.00% |
| Energy | 9.00% |
| Utilities | 8.00% |
| Consumer Discretionary | 6.00% |
| Materials | 6.00% |
| Communications | 6.00% |
Portfolio
50-70 stocks, with particular attention paid to larger, more liquid companies. The official benchmark is the FTSE World, excluding financials, technology, media, telecoms and healthcare.