M&G UK Select A

  • 2223.30p
    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.

  • 3624.70p
    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?

  • 4.00% 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!

  • 1.50%
    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).

  • 1.66%
    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.

  • 4.10%
    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 24 March 2020, fund data last updated 25 July 2003

This fund targets above average capital returns from a portfolio of mainstream UK equities, that is, it mainly invests in large and medium size UK companies. Stock selection is focused upon finding undervalued quality growth companies (with fast earnings growth) with proven business models.

Fund summary

Sector UK All Companies
Structure OEIC
Launched
Size £596m
Yield 4.10%
Charging basis
Dividends paid 31 Jan, 31 Jul

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.66%

Allocation

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Investment process

The M&G UK Growth Fund is a mainstream UK equity fund managed to achieve consistent outperformance of the FTSE All-Share Index. The Fund does this by investing principally in UK companies with high growth potential with the sole objective of capital growth. The manager applies a bottom up (analyses companies in their own right) approach and typically takes a long term view with selected companies. The key focus of the investment process is companies with proven business models and as such this focus precludes many of the more speculative companies in the market. In particular, the manager invests in companies with strong barriers to entry, above average growth prospects and capable management. Once ‘quality’ companies are identified, the manager applies a number of valuation metrics to ascertain that stocks entering the portfolio are attractively valued.

This fund has benefited from a number of experienced fund managers during its past but has never really lived up to expectations. Performance has generally been inconsistent relative to its benchmark and more recently it has displayed higher volatility. The UK All Companies sector is very competitive, therefore those investors after a fund with a bias to large companies may wish to consider, JO Hambro CM UK Opportunities or Schroder UK Core (low fees) both highly rated by Bestinvest.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 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

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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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Sector breakdown

Consumer Goods 19.00%
Financials 19.00%
Industrials 16.00%
Health Care 13.00%
Technology 9.00%
Consumer Services 9.00%
Oil & Gas 8.00%
Money Market 4.00%
Basic Materials 2.00%

Portfolio

A diversified portfolio of around 60 stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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