|Bid Price||-||Offer Price||-|
|Mid Price||GBX 75.67||Day Change||GBX +0.09 (0.12%)|
|Price Date||20 Sep 2017||Crown Rating|
|Shares Class||Inc.||Yield||4.21 %|
|Total Expense Ratio||0.16||Fund Size||1,288,730,000.00|
|Launch Date||06/05/1964||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||GB00B0GSGL07||Min TopUp (£)||25,000.00|
The fund aims to deliver growing income distributions by investing at least 70% of the fund in a range of UK company shares. It aims to provide a dividend yield (annual income distributed as a percentage of the share price) above that of the FTSE All-Share Index. Subject to this, the fund aims to deliver capital growth. To achieve the objective, the fund manager invests in the shares of UK companies with the potential to grow their dividends over the long term. He employs a bottom-up stock selection process that looks closely at company fundamentals and may invest across a wide range of sectors and company sizes. The fund manager is also able to select stocks with different drivers of dividend growth to construct a fund that has the potential to cope in a variety of market conditions.
Phil Cliff joined M&G in January 2012 and was appointed fund manager of the M&G Pan European Dividend Fund in April 2012. He also became fund manager of the M&G Dividend Fund in July 2013.
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.