|Bid Price||-||Offer Price||-|
|Mid Price||USD 14.98||Day Change||USD 0.03 (-0.10%)|
|Price Date||27 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.26 %|
|Total Expense Ratio||1.65||Fund Size||611,080,000.00|
|Launch Date||01/07/2005||Standard Initial Charge (%)||5.25|
|Annual Management Charge (%)||1.50||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||1.65|
|ISIN||GB00B1RXYY09||Min TopUp (£)||75.00|
The fund invests in the shares of North American companies that are deemed to be undervalued, with the aim of delivering capital growth over the long term (that is, over five years or more). The fund manager employs a ‘value strategy’ that involves investing in cheap, out-of-favour companies whose share price, in his view, does not reflect the underlying value of the business. Stocks are selected on the basis of their individual merits, through a combination of value-focused screening and qualitative assessment. The fund manager seeks to construct a diversified portfolio of 60-100 stocks and has a typical holding period of three to five years.
Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002, he has been managing various institutional mandates on a European value strategy, and in 2008, he was appointed fund manager of the M&G European Strategic Value Fund upon its launch. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.
Daniel White joined M&G in 2005 as a sector analyst and has worked closely with Richard Halle on the M&G European Strategic Value Fund since its launch in February 2008. He is deputy fund manager on the fund. In September 2013, Daniel was appointed fund manager of the M&G North American Value Fund. He previously worked at Deloitte & Touche as an accountant. He graduated from the University of Southampton with a BSc in oceanography in 2001. In 2005, he qualified as a chartered accountant and is also a chartered financial analyst (CFA) charterholder.