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Mixed Investment 40-85% Shares
M&G Episode Growth Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (4)
Latest factsheet
Jul 2026
Fund size
£1.05bn
Yearly charge
1.03%
Manager fee
–
Income yield
2.82%
Holdings
20
Launched
26 Feb 1993
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 has a very flexible investment approach, with the freedom to invest in different types of assets. The approach combines in-depth research to determine the value of assets over the medium to long term, with analysis of investors’ emotional reaction to events to identify investment opportunities. The fund gains access to assets directly and indirectly through other funds or derivatives.
Craig Simpson (Fund manager) · Tony Finding (Fund manager) · Craig Moran (Deputy fund manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -1.00% | +6.10% | +12.30% | +9.80% | +17.60% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | ISHARES CORE MSCI WORLD UCITS ETF | 21.60% | |
| 2 | LYXOR FTSE 100 UCITS ETF - ACC | 21.30% | |
| 3 | US Government 30Y | 9.70% | |
| 4 | VANGUARD FTSE DVLP EURP EXUK UCITS | 9.60% | |
| 5 | UK Government 30Y | 7.00% | |
| 6 | ISHARES MSCI EM ASIA UCITS ETF USD | 5.00% | |
| 7 | LYXOR CORE MSCI JAPAN (DR) UCITS E | 4.70% | |
| 8 | M&G ASIAN GBP A INC | 4.50% | |
| 9 | ISHARES CORE CORP BOND UCITS ETF | 4.30% | |
| 10 | Germany Government 30Y | 2.00% |
Portfolio breakdown
Geography
| Europe | 32.90% | |
| UK | 27.40% | |
| Emerging markets | 7.20% | |
| Japan | 4.70% | |
| Asia Pacific ex Japan | 0.00% | |
| Other Developed Markets | 0.00% | |
| North America | 0.00% |
Asset allocation
| Equity | 72.20% | |
| Government bonds | 20.80% | |
| Corporate bonds | 4.30% | |
| High yield bonds | 4.30% | |
| Cash | 2.70% | |
| Infrastructure | 0.00% | |
| Other | 0.00% | |
| Convertible bonds | 0.00% | |
| Property | 0.00% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB0031960585 | – | acc | – | – | 1.03% | £500 |
| Sterling A Inc | GB0031960478 | – | inc | – | – | 1.03% | £500 |
| Sterling I Acc | GB00B5V3ZY14 | – | acc | – | – | 0.63% | £500k |
| Sterling I Inc | GB00B708D148 | – | inc | – | – | 0.63% | £500k |
| Sterling R Acc | GB00B7MY3T81 | – | acc | – | – | 0.88% | £500 |
| Sterling R Inc | GB00B75BG534 | – | inc | – | – | 0.88% | £500 |
| – | GB00B4549M91 | – | – | – | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |