M&G North American Dividend C Inc U
|Bid Price||-||Offer Price||-|
|Mid Price||USD 16.03||Day Change||USD -0.02 (-0.24%)|
|Price Date||9 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||2.16 %|
|Total Expense Ratio||0.90||Fund Size||531,360,000.00|
|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 (%)||0.90|
|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 was appointed deputy manager of the M&G North American Dividend Fund in April 2015. Stuart joined M&G in 2004 as a global equity analyst after graduating from Bath University with a degree in business administration. He is a CFA charterholder.