M&G Dividend C Inc GBP
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 71.13||Day Change||GBX +0.51 (0.72%)|
|Price Date||5 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.16||Fund Size||1,297,130,000.00|
|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 invests in the shares of UK companies with the potential to grow their dividends over the long term. The manager seeks to deliver a yield higher than that of the FTSE All-Share Index and achieve a steadily increasing income stream (but the level of income may vary over time). Subject to this, the aim is to maximise total return (the combination of income and growth of capital). The fund manager selects stocks with different drivers of dividend growth to construct a portfolio that can 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.