M&G UK Income Distribution C Inc
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 860.87||Day Change||GBX +0.15 (0.02%)|
|Price Date||20 Jan 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.16||Fund Size||411,720,000.00|
|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 aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth.
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.