Morningstar Fund Report  | 14/04/2025Print

M&G Episode Growth Fund Sterling A Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
M&G Episode Growth Fund Sterling A Inc
Fund9.7-3.410.89.31.1
+/-Cat-1.56.72.40.32.3
+/-B’mrk-2.63.80.1-2.01.6
 
Category: GBP Allocation 60-80% Equity
Category Benchmark: Morningstar UK Mod Adv Tgt ...
Key Stats
NAV
11/04/2025		 GBX 67.28
Day Change -1.26%
Morningstar Category™ GBP Allocation 60-80% Equity
IA (formerly IMA) Sector Mixed Investment 40-85% Shares
ISIN GB0031960478
Fund Size (Mil)
11/04/2025		 GBP 827.93
Share Class Size (Mil)
11/04/2025		 GBP 549.79
Max Initial Charge -
Ongoing Charge
14/02/2025		  1.05%
Morningstar Research
Analyst Report-
,
Morningstar, Inc

M&G Episode Growth is an average proposition in the GBP moderately adventurous Morningstar Category. The strategy earns a Morningstar Analyst Rating of Neutral across all its share classes. The members of the 13-strong multi-asset team...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process23
Performance
Price
Investment Objective: M&G Episode Growth Fund Sterling A Inc
The Fund aims to provide a higher total return (the combination of capital growth and income) net of the Ongoing Charge Figure, than the average return of the IA Mixed Investment 40-85% Shares Sector over any five-year period. The Fund is a multi-asset fund that invests across a range of asset classes, including equities, fixed income securities, convertibles, cash and near cash. Exposure to these assets may be gained either directly or indirectly via collective investment schemes or derivatives. The Fund may also invest indirectly via collective investment schemes or derivatives in other asset classes such as property and gold.
Returns
Trailing Returns (GBP)11/04/2025
YTD-4.14
3 Years Annualised4.80
5 Years Annualised8.46
10 Years Annualised4.45
12 Month Yield 3.15
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Tony Finding
01/12/2022
Craig Simpson
31/12/2019
Inception Date
01/10/2002

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Mixed Investment 40-85% SharesMorningstar UK Mod Adv Tgt Alloc NR GBP
Portfolio Profile for  M&G Episode Growth Fund Sterling A Inc31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock72.110.0072.11
Bond18.300.0018.30
Property0.000.000.00
Cash31.5822.559.04
Other0.570.020.55
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United Kingdom32.97
United States20.25
Eurozone12.90
Japan7.63
Asia - Emerging6.97
Top 5 Sectors%
Financial Services20.00
Industrials13.80
Technology12.90
Consumer Defensive10.31
Healthcare10.29
Top 5 HoldingsSector%
Amundi FTSE 100 ETF Acc21.45
iShares Core MSCI World ETF USD Acc19.80
Vanguard FTSE Dev Eurp ex UK ETF... 9.33
iShares Core £ Corp Bond ETF GBP... 7.00
United Kingdom of Great Britain ... 5.13
Increase Decrease New since last portfolio
M&G Episode Growth Fund Sterling A Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  M&G Episode Growth Fund Sterling A Inc
Category:  GBP Allocation 60-80% Equity
Category Index:  Morningstar UK Mod Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-12.8617.923.449.65-3.4210.769.261.06
+/- Category-6.492.25-1.81-1.496.662.400.262.34
+/- Category Index---1.08-2.613.840.09-1.971.59
% Rank in Category-
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.26   -0.76-1.64
1 Week-1.90   -0.34-2.50
1 Month-6.02   -1.11-2.29
3 Months-4.86   1.280.38
6 Months-4.53   0.28-0.98
YTD-4.14   1.280.51
1 Year0.66   1.34-0.81
3 Years Annualised4.80   3.100.69
5 Years Annualised8.46   2.231.10
10 Years Annualised4.45   0.21-1.17
 
Category: GBP Allocation 60-80% Equity
Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.06---
20244.732.511.730.04
20233.410.740.555.74
2022-1.92-4.81-0.544.00
20210.325.672.440.98
2020-18.2917.231.925.96
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  GBP Allocation 60-80% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.80 %
3-Yr Mean Return6.70 %
 
3-Yr Sharpe Ratio0.33
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Adv Tgt Alloc NR GBP  Morningstar UK Mod Adv Tgt Alloc NR GBP
3-Yr Beta0.840.84
3-Yr Alpha1.261.26
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 51555-
Market Capitalisation% of Equity
Giant51.34
Large33.25
Medium12.59
Small1.78
Micro1.04
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.720.79
Price/Book1.890.71
Price/Sales1.430.76
Price/Cash Flow8.820.77
Dividend-Yield Factor3.171.41
 
Long-Term Projected Earnings Growth9.260.93
Historical Earnings Growth1.250.17
Sales Growth3.990.73
Cash-Flow Growth1.930.30
Book-Value Growth5.040.83
 
Category: GBP Allocation 60-80% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 874
Maturity Distribution %
1 to 38.01
3 to 58.80
5 to 74.65
7 to 1015.47
10 to 154.91
15 to 204.08
20 to 3029.14
Over 300.91
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 60-80% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock72.110.0072.11
Bond18.300.0018.30
Property0.000.000.00
Cash31.5822.559.04
Other0.570.020.55
World Regions31/03/2025
 % of EquityRelative to Category
United States20.250.39
Canada0.890.93
Latin America6.6512.03
United Kingdom32.971.73
Eurozone12.901.40
Europe - ex Euro6.011.44
Europe - Emerging0.211.26
Africa0.000.00
Middle East0.050.14
Japan7.631.23
Australasia0.881.44
Asia - Developed4.591.39
Asia - Emerging6.972.16
 
Category: GBP Allocation 60-80% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.561.42
Consumer CyclicalConsumer Cyclical9.460.88
Financial ServicesFinancial Services20.001.16
Real EstateReal Estate1.910.76
Consumer DefensiveConsumer Defensive10.311.58
HealthcareHealthcare10.290.87
UtilitiesUtilities3.081.21
Communication ServicesCommunication Services6.460.86
EnergyEnergy6.231.70
IndustrialsIndustrials13.801.09
TechnologyTechnology12.900.62
 
Category: GBP Allocation 60-80% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings4
Assets in Top 10 Holdings85.08
NameSectorCountry% of Assets
Amundi FTSE 100 ETF AccLuxembourg21.45
iShares Core MSCI World ETF USD AccIreland19.80
Vanguard FTSE Dev Eurp ex UK ETF DisIreland9.33
iShares Core £ Corp Bond ETF GBP DistIreland7.00
United Kingdom of Great Britain and N... United Kingdom5.13
iShares MSCI EM Asia ETF USD AccIreland5.05
United Kingdom of Great Britain and N... United Kingdom4.95
Amundi MSCI Japan ETFLuxembourg4.42
United Kingdom of Great Britain and N... United Kingdom4.37
M&G Asian GBP A IncUnited Kingdom3.57
 
Increase Decrease New since last portfolio
Category: GBP Allocation 60-80% 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
UCITSNo
Inception Date01/10/2002
Fund Advisor(s)
M&G Investment Management Limited
Fund ManagerTony Finding
Manager Start Date01/12/2022
 
Biography
Tony Finding joined PPM (now M&G) in 1997 as an economist and subsequently took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been a member of the Multi Asset team since 1999 and currently co-manages the Episode Allocation strategy. He holds a BSc in economics from the LSE and is a CFA charterholder.
Fund ManagerCraig Simpson
Manager Start Date31/12/2019
 
Biography
Craig Simpson, who has more than 15 years experience in the investment industry, joined M&G in 2004 as a portfolio manager. In February 2015, he was appointed Head of Portfolio Management for the Multi Asset team and has been co-deputy manager of the Global Target Return strategy since December 2016 and co-manager of the Episode Growth strategy since December 2019. Before joining M&G, Craig was a trainee fund manager at Equitable Life Assurance and an analyst at Pictet Asset Management. He graduated from the University of Aberdeen with a degree in land economics.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.05%
Ongoing Charge1.05%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings10  GBP
Tax Free Savings Schemes
ISAsYes