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M&G Recovery

Quick Stats

Fund currency GBX Change on day 1.74p Sector IMA UK All Companies
Bid price - Change on day 0.79 % Fund Size £5.3b 31/07/2010
Mid price 224.18p Yield 0.98 % Fund type UK OEICs
Offer price - Unit type Accumulation Available as ISA, PEP
Price date 12:00 02/09/2010 Crown RatingFinancial Express Crown Rating Launch date 23/05/1969

Fund Objective

To achieve 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.

Purchase Information

Min. Investment £500
Min. Top-up £10
Standard Initial
Charge		 4.00 %
Annual Management
Charge		 1.50 %
Dividend Dates Jul 01, Jan 01

Manager Information

Manager name Tom Dobell
Manager since 31/03/2000
Manager's biography Tom joined M&G in 1992 as a UK equity manager on the institutional desk and was responsible for a number of charity and pension fund clients. In March 2000, following the sale of the institutional business, he was appointed manager of the flagship M&G Recovery Fund. Previously, from 1987 to 1992, Tom worked for Phillips & Drew (PDFM) as a fund manager within their charity and small pension fund division. Tom graduated from Agricultural College in 1986.

Performance Chart

    M&G Recovery
    IMA UK All Companies

Cumulative Performance

  3 mth 6 mth 1 yr 3 yr 5 yr
Fund 5.14 % -0.05 % 12.81 % 4.75 % 47.09 %
Sector 4.85 % 2.21 % 12.62 % -9.09 % 16.28 %
Relative to sector 0.30 % -2.26 % 0.19 % 13.84 % 30.81 %
Rank within sector 156 / 318 238 / 316 141 / 313 27 / 291 10 / 244
Quartile 2 4 2 1 1

Discrete Performance Last Quarter End

  01/07/2009 -
30/06/2010		 01/07/2008 -
30/06/2009		 01/07/2007 -
30/06/2008		 01/07/2006 -
30/06/2007		 01/07/2005 -
30/06/2006
Fund 19.19 % -15.19 % -7.27 % 25.11 % 26.38 %
Sector 19.78 % -20.01 % -14.60 % 17.72 % 18.88 %
Relative to sector -0.58 % 4.82 % 7.33 % 7.39 % 7.50 %
Quartile 2 1 1 1 1

Discrete Performance by Calendar Year

  YTD 2009 2008 2007 2006
Fund -0.02 % 40.87 % -27.53 % 12.48 % 20.70 %
Sector 2.44 % 30.40 % -31.96 % 1.85 % 17.38 %
Relative to sector -2.46 % 10.47 % 4.43 % 10.62 % 3.31 %
Quartile 3 1 1 1 1

Fund Holdings - as at July 31, 2010

Top 10 Holdings % of Fund
1 BP 6.10 %
2 TULLOW OIL PLC 5.90 %
3 HSBC HLDGS 5.00 %
4 GLAXOSMITHKLINE 4.70 %
5 ROYAL DUTCH SHELL B ORD 4.60 %
6 VODAFONE GROUP 3.40 %
7 UNILEVER 2.80 %
8 NATIONAL GRID 2.30 %
9 CENTRICA PLC 2.10 %
10 AFRICAN MINERALS LTD 2.00 %

Sector Weighting - as at July 31, 2010

Sector % of Fund
1 Oil & Gas 20.70 %
2 Basic Materials 14.90 %
3 Industrials 12.70 %
4 Technology 10.20 %
5 Consumer Services 9.20 %
6 Financials 8.70 %
7 Health Care 7.60 %
8 Utilities 6.10 %
9 Others 5.60 %
10 Money Market 4.30 %

Region Weighting - as at July 31, 2010

Region % of Fund
1 UK 95.70 %
2 Money Market 4.30 %


Asset Weighting - as at July 31, 2010

Asset % of Fund
1 UK Equities 95.70 %
2 Money Market 4.30 %