Fact sheet: L&G M&G Global Dividend Pn

Fund information
Fund name
L&G M&G Global Dividend Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Stuart Rhodessince 17/07/2008
  • John Weaverssince 01/01/2016
  • Alex Araujosince 31/03/2016
Underlying fund
M&G Global Dividend
Fund objective
The fund aims to deliver a dividend yield (annual income distributed as a percentage of the share price) above that of the market average by investing at least 70% of the fund in company shares from around the world. It also aims to grow income distributions over the long term (that is, over five years or more) and deliver capital growth. The fund invests in the shares of companies with the potential to grow their dividends over the long term. It may invest across a wide range of countries, sectors and company sizes. The fund manager selects stocks with different drivers of dividend growth to construct a fund that has the potential to cope in a variety of market conditions.
Benchmark
  • MSCI AC World
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
42.4%
1 Year rank in sector
11/980
Sector
PN Global Equities
Yield
-
Fund size
£8m (£6m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
116
Bid price
200.9
Offer price
200.9
Top in this sector
Fund name1 Year
SIP FOUR Act Gbl Inc & Gth Pn48.7%
RLP Dimensional Gbl Targeted Val Pn46.2%
Aegon Hend GlblTecPn46.1%
Stan Life M&G Global Dividend Pn43.9%
Aviva M&G Global Div Pn43.3%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA54.5%
    UK14.6%
    Canada10%
    Australia4.7%
    Denmark2.8%
  • Financials18%
    Materials15.4%
    Consumer Discretionary14.3%
    Information Technology12.7%
    Health Care11.7%
  • US Equities54.5%
    UK Equities14.6%
    Canadian Equities10%
    Australian Equities4.7%
    Danish Equities2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%8.9%16.4%42.4%40.9%73.4%
Sector2.4%6.9%10.2%29.3%41.3%75.6%
Rank within sector558 / 105148 / 103541 / 102311 / 980453 / 856473 / 768
Quartile3rd1st1st1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.4%38.2%-6.8%3%22.3%
Sector3.3%22.4%3.7%7.8%21.4%
Rank within sector527 / 103611 / 957885 / 915730 / 844418 / 818
Quartile3rd1st4th4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.92
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.22
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.7
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.48
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.19
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.06
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.81
Price movement
52 week high202.33
52 week low140.87
Current bid price200.9
Current offer price200.9
Current mid price-
Region
1USA54.54%
2UK14.62%
3Canada10.03%
4Australia4.68%
5Denmark2.82%
6Switzerland2.49%
7Finland2.31%
8Money Market2.2%
9South Africa2.03%
Industry sector
1Financials18.03%
2Materials15.42%
3Consumer Discretionary14.27%
4Information Technology12.73%
5Health Care11.68%
6Consumer Staples11.33%
7Energy10.48%
8Industrials3.86%
9Money Market2.2%
Asset type
1US Equities54.54%
2UK Equities14.62%
3Canadian Equities10.03%
4Australian Equities4.68%
5Danish Equities2.82%
6Swiss Equities2.49%
7Finnish Equities2.31%
8Money Market2.2%
9South African Equities2.03%
Individual holdings
1METHANEX CORP8.61%
2BRITISH AMERICAN TOBACCO6.86%
3GIBSON ENERGY INC4.57%
4BROADCOM CORP4.49%
5LAS VEGAS SANDS CORP4.17%
6WELLS FARGO & CO4.11%
7MICROSOFT CORP3.73%
8PEMBINA PIPELINE CORP3.72%
9GALLAGHER (ARTHUR J) & CO3.65%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund aims to deliver a dividend yield (annual income distributed as a percentage of the share price) above that of the market average by investing at least 70% of the fund in company shares from around the world. It also aims to grow income distributions over the long term (that is, over five years or more) and deliver capital growth. The fund invests in the shares of companies with the potential to grow their dividends over the long term. It may invest across a wide range of countries, sectors and company sizes. The fund manager selects stocks with different drivers of dividend growth to construct a fund that has the potential to cope in a variety of market conditions.
Benchmark
  • MSCI AC World
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Stuart Rhodes17/07/2008Stuart Rhodes has been the manager of the M&G Global Dividend Fund since its launch in July 2008. He was appointed deputy manager of the M&G North American Dividend Fund in April 2015. Stuart joined M&G in 2004 as a global equity analyst after graduating from Bath University with a degree in business administration. He is a CFA charterholder.
John Weavers01/01/2016John Weavers has been the manager of the M&G North American Dividend Fund since April 2015. In January 2016, he was appointed deputy fund manager of the M&G Global Dividend Fund before being joined by Alex Araujo as co-deputy fund manager in April 2016. Prior to April 2015, John was deputy manager of the M&G Pan European Dividend Fund and the M&G Dividend Fund for two years. John joined M&G as a graduate in 2007 and worked as an analyst in the Equity Research team before joining the Income team in January 2012. He graduated from Oxford University with an honours degree in politics, philosophy and economics and is a CFA charterholder.
Alex Araujo31/03/2016Alex Araujo was appointed co-deputy fund manager of the M&G Global Dividend Fund in April 2016. Alex joined M&G in July 2015 as an embedded analyst with the Income team and has more than 20 years of experience in the financial markets. He was previously at Bank of Montreal where he specialised in US and Canadian equities. Alex graduated from the University of Toronto with an MA in economics and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G M&G Global Dividend Pn 3
Initial charge-
Annual charge0.87%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price207.47
Offer price207.47
Mid price-
CurrencyGBX
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCZ3
L&G M&G Global Dividend Pn G25
Initial charge-
Annual charge1.57%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.57%
Bid price200.9
Offer price200.9
Mid price-
CurrencyGBX
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL0X8
Data provided by

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