Fact sheet: M&G Offshore North Am Div

Fund information
Fund name
M&G Offshore North American Dividend A
Fund manager company
M&G Guernsey
Fund type
OEIC
Fund managers
  • John Weaverssince 11/06/2007
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 deliver a yield above the market average and grow distributions over the long term, whilst also maximising total return (the combination of income and growth of capital). The level of income may vary over time. The fund manager selects stocks with different drivers of dividend growth to construct a portfolio that can cope in a variety of market conditions.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Feeder fund
Quick stats
1 Year return
32.2%
1 Year rank in sector
2/37
Sector
FO Equity - North America
Yield
1.9%
Fund size
£2m
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.
98
Top in this sector
Fund name1 Year
Sanlam FOUR US Div Inc43.8%
M&G Offshore North Am Div32.2%
La Mondiale American Equity28%
Lloyds North American26.7%
Legg Mason Nth America25.1%
...more in FO Equity - North America

Performance snapshot

Holdings snapshot

  • USA88.1%
    Canada10.1%
    Money Market1.8%
  • Information Technology23%
    Health Care17.8%
    Financials14.2%
    Consumer Discretionary13.2%
    Energy10.1%
  • US Equities88.1%
    Canadian Equities10.1%
    Money Market1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%8%14.3%32.2%47.9%107.5%
Sector-0.9%6.3%8.3%11.8%30.1%83.3%
Rank within sector5 / 3910 / 386 / 372 / 378 / 297 / 23
Quartile1st2nd1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund21.7%0.3%16%26.3%7.5%
Sector7.7%-0.8%12.9%29.7%8.8%
Rank within sector3 / 3720 / 3512 / 3124 / 2918 / 25
Quartile1st3rd2nd4th3rd
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.
4.91
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.
0.85
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.
0.86
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%.
12.17
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.
8.4
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.
0.36
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.
0.53
Price movement
52 week high196.05
52 week low142.89
Current bid price192.78
Current offer price200.81
Current mid price-
Region
1USA88.08%
2Canada10.13%
3Money Market1.8%
Industry sector
1Information Technology23%
2Health Care17.84%
3Financials14.21%
4Consumer Discretionary13.23%
5Energy10.13%
6Consumer Staples9.24%
7Materials7.06%
8Industrials3.49%
9Money Market1.8%
Asset type
1US Equities88.08%
2Canadian Equities10.13%
3Money Market1.8%
Individual holdings
1UNITEDHEALTH GROUP INC5.94%
2REYNOLDS AMERICAN INC5.88%
3MICROSOFT CORP5.24%
4BROADCOM CORP5.02%
5METHANEX CORP4.71%
6MEDTRONIC INC4.4%
7LAS VEGAS SANDS CORP4.29%
8PEMBINA PIPELINE CORP4.16%
9MASTERCARD INC4.02%
Management
Fund manager group
M&G
Fund manager company
M&G Guernsey
Fund type
OEIC
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 deliver a yield above the market average and grow distributions over the long term, whilst also maximising total return (the combination of income and growth of capital). The level of income may vary over time. The fund manager selects stocks with different drivers of dividend growth to construct a portfolio that can cope in a variety of market conditions.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Feeder fund
Fund managers
NameSinceBiography
John Weavers11/06/2007John Weavers was appointed manager of the M&G North American Dividend Fund in April 2015; he has been a member of the income franchise since January 2012. John joined M&G as a graduate in 2007 and initially worked within the Equities Research team as an analyst. John graduated from Oxford University in 2006 with an honours degree in politics, philosophy and economics. He is a CFA charterholder.
Compliance
Distributor Status, Reporting Fund Status
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
M&G Offshore North American Dividend A
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.85%
Bid price192.778
Offer price200.8105
Mid price-
CurrencyGBX
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeABB7
M&G Offshore North American Dividend I
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price117.2923
Offer price118.4771
Mid price-
CurrencyGBX
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMRWC
Data provided by

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