M&G UK Income Distribution C Inc
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 921.47||Day Change||GBX +1.18 (0.13%)|
|Price Date||26 May 2017||Crown Rating|
|Shares Class||Inc.||Yield||4.01 %|
|Total Expense Ratio||0.16||Fund Size||666,400,000.00|
|Launch Date||19/11/1973||Standard Initial Charge (%)||4.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.16|
|ISIN||GB00B0GSGH60||Min TopUp (£)||25,000.00|
The fund seeks to provide a high and rising income as well as capital growth through a portfolio that is at least 70% invested in UK company shares. It may also invest in high-quality, sterling-denominated bonds. The target yield (the fund’s annual income distribution as a percentage of the share price) is to be above that of the FTSE All-Share Index. The level of income provided may also fluctuate over time. The fund has a bias towards the higher yielding sectors of the market, but it aims to have a broadly diversified portfolio within these yield constraints.
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.