Morningstar Fund Report  | 05/04/2025Print

M&G Recovery Fund Sterling I Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
M&G Recovery Fund Sterling I Acc
Fund13.5-10.52.214.2-0.6
+/-Cat-2.81.1-5.86.40.0
+/-B’mrk---5.44.4-5.7
 
Category: UK Flex-Cap Equity
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
04/04/2025		 GBX 330.98
Day Change -4.86%
Morningstar Category™ UK Flex-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00B4X1L373
Fund Size (Mil)
04/04/2025		 GBP 827.96
Share Class Size (Mil)
04/04/2025		 GBP 205.93
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.68%
Morningstar Research
Analyst Report28/02/2025
Morningstar Manager Research,
Morningstar, Inc

M&G Recovery’s upcoming management change and tweaks to the process keep the Morningstar Analyst Rating for the fund’s GBP I clean share class at Neutral. All other share classes are rated Neutral.Tom Dobell, who has managed this strategy since...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process22
Performance
Price
Investment Objective: M&G Recovery Fund Sterling I Acc
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period. At least 80% of the Fund is invested directly in equity securities and equity-related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, listed or do most of their business in the United Kingdom.
Returns
Trailing Returns (GBP)04/04/2025
YTD-6.45
3 Years Annualised0.71
5 Years Annualised10.37
10 Years Annualised1.22
12 Month Yield 2.78
Management
Manager Name
Start Date
Michael Stiasny
31/12/2020
Inception Date
15/01/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  M&G Recovery Fund Sterling I Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.540.0099.54
Bond0.000.000.00
Property0.000.000.00
Cash0.460.000.46
Other0.000.000.00
Top 5 Regions%
United Kingdom89.43
Australasia4.17
Asia - Emerging2.13
Asia - Developed1.42
Canada1.23
Top 5 Sectors%
Financial Services24.48
Healthcare18.12
Energy10.03
Consumer Defensive9.59
Consumer Cyclical9.51
Top 5 HoldingsSector%
HSBC Holdings PLCFinancial ServicesFinancial Services7.82
BP PLCEnergyEnergy6.73
AstraZeneca PLCHealthcareHealthcare4.38
Mesoblast LtdHealthcareHealthcare4.15
Imperial Brands PLCConsumer DefensiveConsumer Defensive3.43
Increase Decrease New since last portfolio
M&G Recovery Fund Sterling I Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  M&G Recovery Fund Sterling I Acc
Category:  UK Flex-Cap Equity
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-15.338.24-10.1113.50-10.552.1714.21-0.55
+/- Category-3.15-15.50-5.09-2.841.14-5.826.350.04
+/- Category Index------5.454.39-5.71
% Rank in Category7497757348921058
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.86   -4.07-3.35
1 Week-7.95   -5.68-5.75
1 Month-7.50   -2.53-3.65
3 Months-7.25   -5.59-10.68
6 Months-4.26   -3.03-7.76
YTD-6.45   -5.11-10.40
1 Year4.48   -0.20-6.20
3 Years Annualised0.71   -2.56-6.30
5 Years Annualised10.37   -0.47-2.51
10 Years Annualised1.22   -3.49-4.62
 
Category: UK Flex-Cap Equity
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.55---
20240.965.874.532.22
20232.22-0.541.05-0.55
2022-4.14-11.31-4.7810.49
20218.514.84-1.221.00
2020-35.9722.06-0.6915.82
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearAverageHigh2 star
10-YearLowHigh1 star
Overall*Below AverageHigh2 star
 
Category :  UK Flex-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.14 %
3-Yr Mean Return3.70 %
 
3-Yr Sharpe Ratio-0.02
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta1.141.16
3-Yr Alpha-4.82-4.53
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 9533-
Market Capitalisation% of Equity
Giant27.63
Large23.07
Medium26.62
Small12.56
Micro10.13
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings9.930.82
Price/Book1.320.79
Price/Sales0.780.81
Price/Cash Flow5.440.67
Dividend-Yield Factor3.821.08
 
Long-Term Projected Earnings Growth9.030.97
Historical Earnings Growth-0.401.71
Sales Growth2.300.51
Cash-Flow Growth-0.86-0.62
Book-Value Growth0.790.26
 
Category: UK Flex-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.540.0099.54
Bond0.000.000.00
Property0.000.000.00
Cash0.460.000.46
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States1.200.63
Canada1.238.78
Latin America0.000.00
United Kingdom89.430.96
Eurozone0.410.15
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia4.1722.56
Asia - Developed1.4217.45
Asia - Emerging2.1311.61
 
Category: UK Flex-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials9.081.85
Consumer CyclicalConsumer Cyclical9.510.73
Financial ServicesFinancial Services24.481.05
Real EstateReal Estate0.870.36
Consumer DefensiveConsumer Defensive9.590.86
HealthcareHealthcare18.122.23
UtilitiesUtilities5.711.86
Communication ServicesCommunication Services6.091.21
EnergyEnergy10.031.49
IndustrialsIndustrials5.350.31
TechnologyTechnology1.180.25
 
Category: UK Flex-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings71
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.01
NameSectorCountry% of Assets
HSBC Holdings PLC103United Kingdom7.82
BP PLC309United Kingdom6.73
AstraZeneca PLC206United Kingdom4.38
Mesoblast Ltd206Australia4.15
Imperial Brands PLC205United Kingdom3.43
GSK PLC206United Kingdom3.29
National Grid PLC207United Kingdom3.25
NatWest Group PLC103United Kingdom2.88
Shell PLC309United Kingdom2.75
Compass Group PLC102United Kingdom2.32
 
Increase Decrease New since last portfolio
Category: UK Flex-Cap Equity
 
Management
Name of CompanyM&G Securities Ltd
Phone+44 (0)800 390 390
Websitewww.mandg.co.uk
Address10 Fenchurch Avenue
 London   EC3M 5AG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date15/01/2010
Fund Advisor(s)
M&G Investment Management Limited
Fund ManagerMichael Stiasny
Manager Start Date31/12/2020
Education
University of Oxford, B.A./B.S.
 
Biography
Michael Stiasny joined M&G in 1998 as an equity analyst, becoming head of the equity research team in 2004. Since 2011, he has managed a range of equity and equity income funds. Michael graduated with a First-Class Honours in PPE from Oxford University in 1997 and became a CFA charterholder in 2001.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.70%
Ongoing Charge0.68%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes