|Bid Price||-||Offer Price||-|
|Mid Price||GBX 2,989.53||Day Change||GBX +3.73 (0.12%)|
|Price Date||22 Sep 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.54 %|
|Total Expense Ratio||0.16||Fund Size||598,540,000.00|
|Launch Date||17/12/1968||Standard Initial Charge (%)||1.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.16|
|ISIN||GB00B9JFHW97||Min TopUp (£)||25,000.00|
The fund invests principally in shares of UK-listed companies with the aim of achieving capital growth. A long-term view is taken, with the emphasis on finding undervalued companies with attractive growth prospects. The portfolio targets a total number of stock holdings of around 50. The relatively concentrated nature of the fund requires the manager to have strong conviction in each and every holding.
Garfield Kiff is manager of the M&G Smaller Companies Fund and co-deputy manager of the M&G UK Select Fund. He joined M&G in 2000 from PricewaterhouseCoopers as a smaller companies analyst. He was deputy manager of the M&G Recovery Fund from 2002 until 2008, and managed the Prudential Pooled Pensions Smaller Companies Fund between 2003 and 2008. Garfield graduated from the University of Liverpool with a first class honours degree in economics in 1996 and is a CFA charterholder.
Sam 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.
Rory Alexander was appointed co-deputy fund manager of the M&G UK Select Fund in January 2016, having been an embedded research analyst with the UK Equities team since June 2015. He initially joined M&G as an analyst in the Equity Research team in 2008, and covered areas such as global transport, support services, media and consumer staples. Prior to joining M&G, Rory worked for St James's Place Partnership. He graduated from Bath University in 2008 with a BSc (Hons) in economics.