M&G North American Dividend C Inc U
|Bid Price||-||Offer Price||-|
|Mid Price||USD 15.16||Day Change||USD +0.00 (0.38%)|
|Price Date||21 Oct 2016||Crown Rating|
|Shares Class||Inc.||Yield||2.27 %|
|Total Expense Ratio||0.91||Fund Size||461,140,000.00|
|Launch Date||18/12/1972||Standard Initial Charge (%)||3.25|
|Annual Management Charge (%)||0.75||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.91|
|ISIN||GB00BK6MB950||Min TopUp (£)||50,000.00|
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.
Stuart Rhodes has been the manager of the M&G Global Dividend Fund since its launch in July 2008. He joined M&G in 2004 as a global equity analyst, working closely with Aled Smith on US equities. He is also the deputy manager of the M&G Pan European Dividend Fund. Stuart graduated from Bath University with a degree in business administration and is a CFA charterholder.