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M&G Recovery Inclusive - Class A - Accumulation (GBP)

Sell:300.68p Buy:300.68p Change: 0.20p (0.07%)
Prices as at 20 August 2019
Sell:300.68p
Buy:300.68p
Change: 0.20p (0.07%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 20 August 2019
Sell:300.68p
Buy:300.68p
Change: 0.20p (0.07%)
Prices as at 20 August 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.31%
Ongoing saving from HL: 1.06% i
Net ongoing charge: 0.25%
There are other unit types of this fund available:
Inclusive - Class X - Income (GBP) (Net ongoing charge 0.25%)
Inclusive - Class X - Accumulation (GBP) (Net ongoing charge 0.25%)
Class I - Income (GBP) (Net ongoing charge 0.50%)
Class I - Accumulation (GBP) (Net ongoing charge 0.50%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Inclusive
Manager:
Multiple
Fund launch date: 23 May 1969
Launch price: £0.85
Sector: UK All Companies
Fund size: £2,224 million
Number of holdings: 85
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The National Westminster Bank plc
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: No
Minimum regular savings value: n/a

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Performance

19/08/14 to 19/08/15 19/08/15 to 19/08/16 19/08/16 to 19/08/17 19/08/17 to 19/08/18 19/08/18 to 19/08/19
Annual return -5.96% 1.49% 15.21% 3.48% -9.71%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

HL Research

Manager Tom Dobell has produced strong performance managing the M&G Recovery Fund, using a process that has been in place since inception in 1969. The contrarian investment style, seeking to benefit from out-of-favour-companies experiencing a turnaround in fortunes, may appeal to more adventurous investors.

Fund Objective

The Fund's sole aim is capital growth by investing predominantly in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. There is no particular income yield target

Income Details

Historic yield : 0.95%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 July 2019 1 January 2020
Payment date: 31 August 20194 28 February 20204

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 30 June 2019.

Sector Weight
Banks 15.71%
Non-Renewable Energy 14.71%
Pharmaceuticals,Biotechnology & Marijuana Producers 14.64%
Industrial Metals & Mining 7.54%
Travel & Leisure 7.49%
Industrial Support Services 7.47%
Construction & Materials 5.71%
Media 3.66%
Aerospace & Defence 3.32%
Precious Metals & Mining 2.90%
Country Weight
United Kingdom 80.26%
Ireland 7.03%
Australia 5.04%
Canada 4.43%
United States 1.98%
Cash and Equiv. 0.54%
India 0.36%
Non-Classified 0.22%
Zambia 0.15%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 20 August 2019. Data provided by Funds Library, correct as at 30 June 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.