Fact sheet: L&G M&G Nrth Amer Div Pn

Fund information
Fund name
L&G M&G North American Dividend Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • John Weaverssince 27/04/2015
  • Stuart Rhodessince 27/04/2015
Underlying fund
M&G Nth Am Div
Fund objective
The fund invests in the shares of North American companies with the potential to grow their dividends over the long term. Its aim is to grow distributions over the long term (that is, over five years or more) and deliver capital growth. The level of income may vary over time. The fund manager selects stocks with different drivers of dividend growth to construct a portfolio that has the potential to cope in a variety of market conditions.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
40.1%
1 Year rank in sector
54/309
Sector
PN North America
Yield
-
Fund size
£6m (£4m 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.
115
Bid price
265.18
Offer price
265.18
Top in this sector
Fund name1 Year
L&G Investec American Pn45%
L&G UBS US Equity Pn43.7%
OMW UBS US Equity42.7%
OMW Investec American42.4%
OMW Threadneedle Am Sm Cos42.2%
...more in PN North America

Performance snapshot

Holdings snapshot

  • USA89.4%
    Canada9.5%
    Money Market1.1%
  • Information Technology19.8%
    Health Care18.5%
    Financials13.8%
    Consumer Discretionary12.1%
    Consumer Staples11.3%
  • US Equities89.4%
    Canadian Equities9.5%
    Money Market1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%5.4%21.4%40.1%67.9%114.1%
Sector1%4.5%16.4%35.9%65.4%113.2%
Rank within sector101 / 32361 / 32216 / 31854 / 309155 / 294146 / 271
Quartile2nd1st1st1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund5.1%38.9%-1.2%18%25.9%
Sector4.6%30.9%4.4%18.7%29.2%
Rank within sector106 / 32242 / 307289 / 302194 / 294258 / 282
Quartile2nd1st4th3rd4th
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.
-0.9
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.
1.09
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.
1.21
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%.
13.12
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.
4.25
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.
0.11
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.
0.9
Price movement
52 week high270.81
52 week low184.89
Current bid price265.18
Current offer price265.18
Current mid price-
Region
1USA89.37%
2Canada9.49%
3Money Market1.14%
Industry sector
1Information Technology19.83%
2Health Care18.45%
3Financials13.79%
4Consumer Discretionary12.05%
5Consumer Staples11.27%
6Materials10.39%
7Energy9.49%
8Industrials3.59%
9Money Market1.14%
Asset type
1US Equities89.37%
2Canadian Equities9.49%
3Money Market1.14%
Individual holdings
1METHANEX CORP7.9%
2REYNOLDS AMERICAN INC5.49%
3UNITEDHEALTH GROUP INC5.13%
4MICROSOFT CORP4.55%
5BROADCOM CORP4.26%
6LAS VEGAS SANDS CORP3.93%
7PEMBINA PIPELINE CORP3.74%
8FIDELITY NATIONAL INFO SERVICES INC3.65%
9MEDTRONIC INC3.58%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund invests in the shares of North American companies with the potential to grow their dividends over the long term. Its aim is to grow distributions over the long term (that is, over five years or more) and deliver capital growth. The level of income may vary over time. The fund manager selects stocks with different drivers of dividend growth to construct a portfolio that has the potential to cope in a variety of market conditions.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
John Weavers27/04/2015John 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.
Stuart Rhodes27/04/2015Stuart 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G M&G North American Dividend Pn 3
Initial charge-
Annual charge0.77%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.93%
Bid price268.98
Offer price268.98
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCY9
L&G M&G North American Dividend Pn G25
Initial charge-
Annual charge1.16%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.16%
Bid price265.18
Offer price265.18
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL748
Data provided by

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