Fact sheet: M&G Dividend

Fund information
Fund name
M&G Dividend I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Sam Fordsince 01/02/2015
  • Phil Cliffsince 01/07/2013
Fund objective
The fund aims to deliver growing income distributions by investing at least 70% of the fund in a range of UK company shares. It aims to provide a dividend yield (annual income distributed as a percentage of the share price) above that of the FTSE All-Share Index. Subject to this, the fund aims to deliver capital growth. To achieve the objective, the fund manager invests in the shares of UK companies with the potential to grow their dividends over the long term. He employs a bottom-up stock selection process that looks closely at company fundamentals and may invest across a wide range of sectors and company sizes. The fund manager is also able to select stocks with different drivers of dividend growth to construct a fund that has the potential to cope in a variety of market conditions.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Quick stats
1 Year return
14.3%
1 Year rank in sector
32/96
Sector
UT UK Equity Income
Yield
3.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.9%
Fund size
£1,332m (£1,285m 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.
87
Mid price
1562.46
Top in this sector
Fund name1 Year
UBS UK Equity Income26.5%
VT Sorbus Vector25.5%
Scot Wid Fdmtl Index UK Equity20.7%
Man GLG UK Income19.3%
JOHCM UK Equity Income18%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK83.7%
    USA4.7%
    Luxembourg4.2%
    Finland3.5%
    Sweden2%
  • Financials27.9%
    Industrials17.7%
    Consumer Services15.5%
    Consumer Goods15.5%
    Health Care8.9%
  • UK Equities83.1%
    US Equities5.1%
    Finnish Equities4.1%
    Luxembourg Equities3.9%
    Swedish Equities3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%6.7%4.8%14.3%26.4%59.5%
Sector-1.2%3.2%5.1%12.8%22.8%63.6%
Rank within sector21 / 1008 / 9954 / 9732 / 9632 / 8455 / 80
Quartile1st1st3rd2nd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund6.1%8.3%8.1%1.2%18.5%
Sector3.8%9.1%4.9%2.8%24.8%
Rank within sector16 / 9950 / 9327 / 8866 / 8472 / 80
Quartile1st3rd2nd4th4th
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.
-0.32
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.
0.41
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%.
9.63
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.
3.29
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.
0.07
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.
0.89
Price movement
52 week high1587.37
52 week low1274.81
Current bid price-
Current offer price-
Current mid price1562.46
Region
1UK83.68%
2USA4.75%
3Luxembourg4.19%
4Finland3.46%
5Sweden1.99%
6Switzerland0.99%
7Norway0.71%
8Money Market0.22%
Industry sector
1Financials27.94%
2Industrials17.67%
3Consumer Services15.49%
4Consumer Goods15.45%
5Health Care8.9%
6Oil & Gas7.21%
7Technology3.23%
8Basic Materials1.98%
9Utilities1.91%
Asset type
1UK Equities83.14%
2US Equities5.08%
3Finnish Equities4.06%
4Luxembourg Equities3.85%
5Swedish Equities3.01%
6Swiss Equities1.67%
7Norwegian Equities0.88%
8Money Market-1.7%
Individual holdings
1BRITISH AMERICAN TOBACCO6.82%
2IMPERIAL BRANDS PLC4.34%
3SES AS TLMACE4.19%
4ASTRAZENECA PLC4.13%
5BP3.73%
6ESSENTRA PLC3.66%
7PRUDENTIAL PLC3.57%
8AVIVA3.5%
9SMITH(DS)3.35%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to deliver growing income distributions by investing at least 70% of the fund in a range of UK company shares. It aims to provide a dividend yield (annual income distributed as a percentage of the share price) above that of the FTSE All-Share Index. Subject to this, the fund aims to deliver capital growth. To achieve the objective, the fund manager invests in the shares of UK companies with the potential to grow their dividends over the long term. He employs a bottom-up stock selection process that looks closely at company fundamentals and may invest across a wide range of sectors and company sizes. The fund manager is also able to select stocks with different drivers of dividend growth to construct a fund that has the potential to cope in a variety of market conditions.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Sam Ford01/02/2015Sam Ford was appointed deputy manager of the M&G Pan European Dividend Fund, M&G Dividend Fund and M&G Extra Income Fund in February 2015. Sam initially joined M&G in 2014 as a dedicated analyst to the Income team. Prior to M&G, Sam worked at Alliance Trust, most recently as an investment manager with the Global Equities team. Sam graduated from the University of Strathclyde with a masters degree (merit) in chemical & process engineering and is a CFA charterholder.
Phil Cliff01/07/2013Phil Cliff joined M&G in January 2012 and was appointed fund manager of the M&G Pan European Dividend Fund in April 2012. He also became fund manager of the M&G Dividend Fund in July 2013.
Compliance
Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Dividend A Acc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price695.33
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG39
M&G Dividend A Inc GBP
Initial charge4%
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price65.32
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG09
M&G Dividend I Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price1562.46
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZCX
M&G Dividend I Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price1294.69
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZCY
M&G Dividend R Acc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price154.38
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZCZ
M&G Dividend R Inc GBP
Initial charge1%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price127.94
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZD0
M&G Dividend X Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price687.84
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMW59
M&G Dividend X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price65.62
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMW58
Data provided by

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