M&G Income Allocation C Acc
|Bid Price||-||Offer Price||-|
|Mid Price||EUR 12.02||Day Change||EUR +0.05 (0.25%)|
|Price Date||21 Oct 2016||Crown Rating|
|Shares Class||Inc.||Yield||2.80 %|
|Total Expense Ratio||0.83||Fund Size||869,090,000.00|
|Launch Date||07/11/2013||Standard Initial Charge (%)||1.25|
|Annual Management Charge (%)||0.65||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.83|
|ISIN||GB00BBCR3408||Min TopUp (£)||50,000.00|
The fund seeks to deliver an attractive level of income that grows over time by investing globally in a diverse range of assets. The level of income may vary over time. Subject to this, the fund aims to provide capital growth over the long term. The core of the fund comprises company shares and fixed income securities. Exposure to these assets is gained through physical holdings and the use of derivatives. The blend of assets is regularly adjusted depending on where the manager sees the most value and to manage risks.
Steven Andrew joined M&G in 2005 as a member of the portfolio strategy & risk team, before moving to the Multi Asset team, where he helped to formulate asset allocation strategies for M&G's multi-asset fund range. In November 2010, Steven was appointed manager of the M&G Episode Income Fund. Three years later, he became manager of the M&G Income Allocation Fund upon its launch. Before joining M&G, Steven worked at F&C Asset Management, Merrill Lynch and the Bank of England. He graduated from the University of London in 1997 with a degree in financial economics.