M&G Dividend Class I GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | -10.7% | 14.9% | 9.2% | -3.3% | 14.1% |
| Sector | -10.5% | 17.1% | 3.5% | 1.5% | 15.4% |
| Rank | 35/68 | 43/68 | 16/70 | 68/70 | 48/70 |
| Quartile | 3 | 3 | 1 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 6.4% | 4.3% | 4.5% | |
| Sector | 6.7% | 4.9% | 5.4% | |
| Rank | 44/70 | 52/68 | 47/58 | |
| Quartile | 3 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HSBC HOLDINGS | 7.57 |
| IMPERIAL BRANDS | 5.45 |
| BP | 5.34 |
| ASTRAZENECA | 4.81 |
| BRITISH AMERICAN TOBACCO | 4.74 |
| SHELL | 3.97 |
| RIO TINTO | 3.67 |
| NATIONAL GRID | 3.45 |
| GSK | 3.28 |
| LLOYDS BANKING GROUP | 3.02 |
| Total | 45.27 |
Fund Aims
The Fund has three aims:
• To provide an annual yield higher than that of the FTSE All-Share Index; • To provide an income stream that increases every year; • To provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period.
Fund Manager
Michael Stiasny is the fund manager of Charifund and, since 1 April 2018, of the M&G UK Income Distribution Fund. He is also deputy fund manager of both the M&G Recovery Fund and the M&G Global Recovery Fund. He joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in 2005. He was appointed deputy fund manager of the M&G Recovery Fund in 2011. Michael graduated with a degree in philosophy, politics and economics from the University of Oxford. He is a CFA charterholder.
Fund Overview
| Mid (20/12/2024) | 1059.30p |
| Historic yield | 6.13% |
| Fund size (31/10/2024) | £760.39m |
| Number of holdings | 75 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.76% |
| Launch date | 06/05/1964 |
Asset Allocation
| UK Equities | 88.67% | |
| International Equities | 7.15% | |
| Property | 2.51% | |
| Investment Trusts | 1.86% | |
| Cash and Equivalents | -0.20% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 88.67% | |
| International Equities | 7.15% | |
| Property | 2.51% | |
| Investment Trusts | 1.86% | |
| Cash and Equivalents | -0.20% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 32.89% | - | - | - | |
| Banks | - | 13.57% | - | - | |
| Banks | - | - | 13.57% | - | |
| Banks | - | - | - | 13.57% | |
| Insurance | - | 10.21% | - | - | |
| Life Insurance | - | - | 7.21% | - | |
| Life Insurance | - | - | - | 7.21% | |
| Non-life Insurance | - | - | 3.00% | - | |
| Property & Casualty Insurance | - | - | - | 2.09% | |
| Reinsurance | - | - | - | 0.91% | |
| Financial Services | - | 9.11% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.80% | - | |
| Asset Managers & Custodians | - | - | - | 4.16% | |
| Investment Services | - | - | - | 1.63% | |
| Equity Investment Instruments | - | - | 1.86% | - | |
| Equity Investment Instruments | - | - | - | 1.86% | |
| Finance & Credit Services | - | - | 1.45% | - | |
| Consumer Lending | - | - | - | 0.64% | |
| Mortgage Finance | - | - | - | 0.57% | |
| Financial Data & Systems | - | - | - | 0.24% | |
| Consumer Staples | 13.17% | - | - | - | |
| Food, Beverage & Tobacco | - | 10.18% | - | - | |
| Tobacco | - | - | 10.18% | - | |
| Tobacco | - | - | - | 10.18% | |
| Personal Care, Drug & Grocery Stores | - | 2.99% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.99% | - | |
| Personal Products | - | - | - | 1.37% | |
| Nondurable Household Products | - | - | - | 0.81% | |
| Food Retailers & Wholesalers | - | - | - | 0.81% | |
| Energy | 10.25% | - | - | - | |
| Energy | - | 10.25% | - | - | |
| Non-Renewable Energy | - | - | 10.25% | - | |
| Integrated Oil & Gas | - | - | - | 9.30% | |
| Oil: Crude Producers | - | - | - | 0.94% | |
| Consumer Discretionary | 8.53% | - | - | - | |
| Media | - | 3.67% | - | - | |
| Media | - | - | 3.67% | - | |
| Radio & TV Broadcasters | - | - | - | 1.47% | |
| Publishing | - | - | - | 1.28% | |
| Media Agencies | - | - | - | 0.93% | |
| Retail | - | 1.65% | - | - | |
| Retailers | - | - | 1.65% | - | |
| Home Improvement Retailers | - | - | - | 1.17% | |
| Specialty Retailers | - | - | - | 0.48% | |
| Consumer Products & Services | - | 1.52% | - | - | |
| Household Goods & Home Construction | - | - | 1.14% | - | |
| Home Construction | - | - | - | 1.14% | |
| Personal Goods | - | - | 0.38% | - | |
| Clothing & Accessories | - | - | - | 0.38% | |
| Travel & Leisure | - | 1.20% | - | - | |
| Travel & Leisure | - | - | 1.20% | - | |
| Casinos & Gambling | - | - | - | 1.20% | |
| Automobiles & Parts | - | 0.49% | - | - | |
| Automobiles & Parts | - | - | 0.49% | - | |
| Auto Parts | - | - | - | 0.49% | |
| Utilities | 8.33% | - | - | - | |
| Utilities | - | 8.33% | - | - | |
| Gas, Water & Multi-utilities | - | - | 5.95% | - | |
| Multi-Utilities | - | - | - | 4.76% | |
| Water | - | - | - | 1.19% | |
| Electricity | - | - | 2.38% | - | |
| Conventional Electricity | - | - | - | 2.38% | |
| Health Care | 8.09% | - | - | - | |
| Health Care | - | 8.09% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 8.09% | - | |
| Pharmaceuticals | - | - | - | 8.09% | |
| Basic Materials | 6.96% | - | - | - | |
| Basic Resources | - | 6.08% | - | - | |
| Industrial Metals & Mining | - | - | 5.44% | - | |
| General Mining | - | - | - | 5.44% | |
| Industrial Materials | - | - | 0.64% | - | |
| Paper | - | - | - | 0.64% | |
| Chemicals | - | 0.88% | - | - | |
| Chemicals | - | - | 0.88% | - | |
| Specialty Chemicals | - | - | - | 0.88% | |
| Industrials | 5.05% | - | - | - | |
| Industrial Goods & Services | - | 3.59% | - | - | |
| General Industrials | - | - | 1.87% | - | |
| Containers & Packaging | - | - | - | 1.87% | |
| Industrial Engineering | - | - | 0.78% | - | |
| Machinery: Specialty | - | - | - | 0.78% | |
| Industrial Support Services | - | - | 0.67% | - | |
| Business Training & Employment Agencies | - | - | - | 0.67% | |
| Industrial Transportation | - | - | 0.27% | - | |
| Marine Transportation | - | - | - | 0.27% | |
| Construction & Materials | - | 1.46% | - | - | |
| Construction & Materials | - | - | 1.46% | - | |
| Construction | - | - | - | 0.74% | |
| Building Materials: Other | - | - | - | 0.40% | |
| Engineering & Contracting Services | - | - | - | 0.32% | |
| Real Estate | 3.33% | - | - | - | |
| Real Estate | - | 3.33% | - | - | |
| Real Estate Investment Trusts | - | - | 2.93% | - | |
| Diversified REITs | - | - | - | 1.76% | |
| Retail REITs | - | - | - | 0.67% | |
| Office REITs | - | - | - | 0.42% | |
| Residential REITs | - | - | - | 0.09% | |
| Real Estate Investment & Services | - | - | 0.40% | - | |
| Real Estate Holding and Development | - | - | - | 0.40% | |
| Telecommunications | 2.86% | - | - | - | |
| Telecommunications | - | 2.86% | - | - | |
| Telecommunications Service Providers | - | - | 2.86% | - | |
| Telecommunications Services | - | - | - | 2.86% | |
| Technology | 0.74% | - | - | - | |
| Technology | - | 0.74% | - | - | |
| Software & Computer Services | - | - | 0.74% | - | |
| Consumer Digital Services | - | - | - | 0.74% | |
| Cash and Equivalents | -0.20% | - | - | - | |
Regional Allocation
| UK | 90.69% | |
| Developed Europe - Excl UK | 3.64% | |
| Property | 2.51% | |
| Non-Classified | 1.86% | |
| North America | 0.91% | |
| Developed Asia | 0.58% | |
| Cash and Equivalents | -0.20% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.91% | |
| Cash | 1.09% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 90.69% | - | |
United Kingdom
|
- | 88.67% | |
Isle of Man
|
- | 1.20% | |
Guernsey
|
- | 0.82% | |
| Developed Europe - Excl UK | 3.64% | - | |
France
|
- | 1.31% | |
Ireland
|
- | 1.04% | |
Finland
|
- | 0.64% | |
Germany
|
- | 0.64% | |
| Property | 2.51% | - | |
| Non-Classified | 1.86% | - | |
| North America | 0.91% | - | |
Bermuda
|
- | 0.91% | |
| Developed Asia | 0.58% | - | |
Singapore
|
- | 0.31% | |
Hong Kong
|
- | 0.27% | |
| Cash and Equivalents | -0.20% | - | |
Breakdown By Market Cap (%)
| Mega |
|
37.42% |
| Large |
|
13.27% |
| Medium |
|
15.19% |
| Small |
|
6.66% |
| Micro |
|
0.77% |
| Non-Classified |
|
26.89% |
| Cash |
|
-0.20% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HSBC HOLDINGS | 7.57% | Banks | United Kingdom |
| 2 | IMPERIAL BRANDS | 5.45% | Tobacco | United Kingdom |
| 3 | BP | 5.34% | Non-Renewable Energy | United Kingdom |
| 4 | ASTRAZENECA | 4.81% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | BRITISH AMERICAN TOBACCO | 4.74% | Tobacco | United Kingdom |
| 6 | SHELL | 3.97% | Non-Renewable Energy | United Kingdom |
| 7 | RIO TINTO | 3.67% | Industrial Metals & Mining | United Kingdom |
| 8 | NATIONAL GRID | 3.45% | Gas, Water & Multi-utilities | United Kingdom |
| 9 | GSK | 3.28% | Pharmaceuticals & Biotechnology | United Kingdom |
| 10 | LLOYDS BANKING GROUP | 3.02% | Banks | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.74% | - | - | - | - | - | - | - | 0.74% |
| Telecommunications | 2.55% | 0.31% | - | - | - | - | - | - | 2.86% |
| Financials | 29.47% | 1.55% | - | - | - | - | 1.86% | - | 32.89% |
| Real Estate | - | 0.82% | - | - | - | 2.51% | - | - | 3.33% |
| Consumer Discretionary | 7.33% | 1.20% | - | - | - | - | - | - | 8.53% |
| Consumer Staples | 13.17% | - | - | - | - | - | - | - | 13.17% |
| Energy | 10.25% | - | - | - | - | - | - | - | 10.25% |
| Utilities | 7.01% | 1.31% | - | - | - | - | - | - | 8.33% |
| Health Care | 8.09% | - | - | - | - | - | - | - | 8.09% |
| Industrials | 4.78% | 0.27% | - | - | - | - | - | - | 5.05% |
| Basic Materials | 5.27% | 1.69% | - | - | - | - | - | - | 6.96% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.20% | -0.20% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B6T64N1 |
| Mex Code | - |
| Isin Code | GB00B6T64N15 |
| Citi Code | 0ZCY |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.76% |
Aims and Benchmark
| Aims | The Fund has three aims: • To provide an annual yield higher than that of the FTSE All-Share Index; • To provide an income stream that increases every year; • To provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period. |
| Benchmark | FTSE All-Share Index |
| Benchmark Category | Target |
| IA Sector | UK Equity Income |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £2.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | M&G Investments |
| Group address | 10 Fenchurch Avenue London EC3M 5AG United Kingdom |
| Group telephone | 0800 390 390 |
| Dealing telephone | 0800 328 3196 |
| info@mandg.co.uk | |
| Homepage | www.mandg.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.