|Bid Price||-||Offer Price||-|
|Mid Price||GBX 87.84||Day Change||GBX +0.42 (0.48%)|
|Price Date||17 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||3.87 %|
|Total Expense Ratio||0.00||Fund Size||181,050,000.00|
|Launch Date||03/07/1962||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||1.00||Total Expense Ratio (%)||0.00|
|ISIN||GB0005527162||Min TopUp (£)||1.00|
The fund is designed to provide almshouses with a high incomeand security of capital assets from their investment. The Trustee has complete discretionwith regard to the choice of investments; currently the equity content of the fund is invested in Charifund and the fixed interest content in Charibond shares, and as from June 2012 the fund will also invest in the M&G Global Dividend Fund.
Richard Hughes joined M&G in 1986. He is a UK equity income fund manager with responsibility for the management of Charifund, the M&G Extra Income Fund and the M&G High Income Investment Trust. Richard previously worked for Derbyshire County Council where he was manager of its pension fund. He graduated from Sheffield University with an honours degree in accounting and economics. He is an associate of CFA UK.
Jenny Rodgers joined Prudential Portfolio Managers (now M&G) in 1994, initially analysing European equity markets and acting as a portfolio manager for external clients. She has been part of what is today the Macro & Multi Asset Investment team since it was established in 1999. In January 2011, Jenny was appointed co-manager of the M&G Episode Growth Fund, and in September 2016 took over the management of one of M&G’s charity funds, the National Association of Almshouses Common Investment Fund. Jenny is a Chartered Financial Analyst and has a BA Honours in Economics from Exeter University.