M&G North American Value Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
30/09/24 to 30/09/25 |
|
|---|---|---|---|---|---|
| Fund | 34.2% | 7.4% | 9.6% | 15.0% | 10.2% |
| Sector | 25.4% | -2.1% | 8.2% | 20.5% | 13.5% |
| Rank | 31/210 | 23/224 | 139/237 | 210/240 | 169/250 |
| Quartile | 1 | 1 | 3 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/25 |
5 Years to 30/09/25 |
10 Years to 30/09/25 |
||
| Fund | 11.6% | 14.9% | n/a | |
| Sector | 14.0% | 12.7% | 14.3% | |
| Rank | 187/238 | 70/210 | n/a | |
| Quartile | 4 | 2 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ALPHABET | 3.78 |
| JPMORGAN CHASE & CO | 3.42 |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | 2.61 |
| CITIGROUP | 2.40 |
| WELLS FARGO & COMPANY | 2.35 |
| CHEVRON CORP NEW | 2.30 |
| CISCO SYSTEMS | 2.23 |
| SALESFORCE.COM | 1.90 |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD | 1.89 |
| VERIZON COMMUNICATIONS | 1.86 |
| Total | 24.74 |
Fund Aims
The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the S&P 500 Index over any five-year period.
Fund Manager
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.
Fund Overview
| Mid (20/10/2025) | 159.03p |
| Historic yield | 2.00% |
| Fund size (30/09/2025) | £236.86m |
| Number of holdings | 316 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.45% |
| Launch date | 01/07/2005 |
Asset Allocation
| International Equities | 95.02% | |
| Property | 1.26% | |
| UK Equities | 0.93% | |
| International Bonds | 0.01% | |
| Cash and Equivalents | -0.58% | |
| Other Assets | 3.36% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 95.02% | |
| Property | 1.26% | |
| UK Equities | 0.93% | |
| International Bonds | 0.01% | |
| Cash and Equivalents | -0.58% | |
| Other Assets | 3.36% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 20.72% | - | - | - | |
| Technology | - | 20.72% | - | - | |
| Software & Computer Services | - | - | 10.84% | - | |
| Software | - | - | - | 5.57% | |
| Consumer Digital Services | - | - | - | 5.27% | |
| Technology Hardware & Equipment | - | - | 9.89% | - | |
| Semiconductors | - | - | - | 5.15% | |
| Computer Hardware | - | - | - | 2.61% | |
| Production Technology Equipment | - | - | - | 1.31% | |
| Electronic Components | - | - | - | 0.82% | |
| Financials | 16.31% | - | - | - | |
| Banks | - | 9.54% | - | - | |
| Banks | - | - | 9.54% | - | |
| Banks | - | - | - | 9.54% | |
| Insurance | - | 4.05% | - | - | |
| Non-life Insurance | - | - | 4.05% | - | |
| Insurance Brokers | - | - | - | 1.56% | |
| Full Line Insurance | - | - | - | 1.42% | |
| Reinsurance | - | - | - | 1.07% | |
| Financial Services | - | 2.72% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.72% | - | |
| Asset Managers & Custodians | - | - | - | 1.62% | |
| Investment Services | - | - | - | 1.10% | |
| Health Care | 12.57% | - | - | - | |
| Health Care | - | 12.57% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 8.16% | - | |
| Pharmaceuticals | - | - | - | 8.16% | |
| Medical Equipment & Services | - | - | 3.05% | - | |
| Medical Equipment | - | - | - | 3.05% | |
| Health Care Providers | - | - | 1.36% | - | |
| Health Care Management Services | - | - | - | 1.36% | |
| Industrials | 10.92% | - | - | - | |
| Industrial Goods & Services | - | 9.06% | - | - | |
| Industrial Transportation | - | - | 2.75% | - | |
| Railroads | - | - | - | 1.51% | |
| Commercial Vehicles & Parts | - | - | - | 1.24% | |
| General Industrials | - | - | 2.27% | - | |
| Diversified Industrials | - | - | - | 1.50% | |
| Containers & Packaging | - | - | - | 0.78% | |
| Industrial Support Services | - | - | 2.17% | - | |
| Transaction Processing Services | - | - | - | 1.71% | |
| Business Training & Employment Agencies | - | - | - | 0.46% | |
| Industrial Engineering | - | - | 1.04% | - | |
| Machinery: Industrial | - | - | - | 1.04% | |
| Electronic & Electrical Equipment | - | - | 0.83% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 0.83% | |
| Construction & Materials | - | 1.86% | - | - | |
| Construction & Materials | - | - | 1.86% | - | |
| Cement | - | - | - | 0.94% | |
| Building Materials: Other | - | - | - | 0.92% | |
| Consumer Discretionary | 9.14% | - | - | - | |
| Retail | - | 3.26% | - | - | |
| Retailers | - | - | 3.26% | - | |
| Home Improvement Retailers | - | - | - | 1.47% | |
| Specialty Retailers | - | - | - | 1.06% | |
| Apparel Retailers | - | - | - | 0.73% | |
| Consumer Products & Services | - | 2.32% | - | - | |
| Personal Goods | - | - | 1.40% | - | |
| Clothing & Accessories | - | - | - | 0.92% | |
| Cosmetics | - | - | - | 0.49% | |
| Household Goods & Home Construction | - | - | 0.92% | - | |
| Household Appliance | - | - | - | 0.92% | |
| Automobiles & Parts | - | 1.24% | - | - | |
| Automobiles & Parts | - | - | 1.24% | - | |
| Automobiles | - | - | - | 0.82% | |
| Auto Parts | - | - | - | 0.42% | |
| Travel & Leisure | - | 1.22% | - | - | |
| Travel & Leisure | - | - | 1.22% | - | |
| Airlines | - | - | - | 1.22% | |
| Media | - | 1.11% | - | - | |
| Media | - | - | 1.11% | - | |
| Entertainment | - | - | - | 1.11% | |
| Consumer Staples | 7.00% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 3.55% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 3.55% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.56% | |
| Personal Products | - | - | - | 0.99% | |
| Nondurable Household Products | - | - | - | 0.99% | |
| Food, Beverage & Tobacco | - | 3.46% | - | - | |
| Beverages | - | - | 1.99% | - | |
| Brewers | - | - | - | 1.06% | |
| Soft Drinks | - | - | - | 0.93% | |
| Food Producers | - | - | 1.47% | - | |
| Food Products | - | - | - | 1.47% | |
| Telecommunications | 5.03% | - | - | - | |
| Telecommunications | - | 5.03% | - | - | |
| Telecommunications Service Providers | - | - | 2.80% | - | |
| Telecommunications Services | - | - | - | 1.86% | |
| Cable Television Services | - | - | - | 0.94% | |
| Telecommunications Equipment | - | - | 2.23% | - | |
| Telecommunications Equipment | - | - | - | 2.23% | |
| Utilities | 4.83% | - | - | - | |
| Utilities | - | 4.83% | - | - | |
| Electricity | - | - | 4.83% | - | |
| Conventional Electricity | - | - | - | 4.83% | |
| Energy | 4.66% | - | - | - | |
| Energy | - | 4.66% | - | - | |
| Non-Renewable Energy | - | - | 4.66% | - | |
| Integrated Oil & Gas | - | - | - | 2.30% | |
| Oil: Crude Producers | - | - | - | 1.14% | |
| Oil Equipment & Services | - | - | - | 1.05% | |
| Offshore Drilling & Other Services | - | - | - | 0.17% | |
| Non-Classified | 3.36% | - | - | - | |
| Basic Materials | 3.33% | - | - | - | |
| Basic Resources | - | 2.45% | - | - | |
| Industrial Metals & Mining | - | - | 2.45% | - | |
| Iron & Steel | - | - | - | 1.33% | |
| Nonferrous Metals | - | - | - | 1.11% | |
| Chemicals | - | 0.88% | - | - | |
| Chemicals | - | - | 0.88% | - | |
| Fertilizers | - | - | - | 0.88% | |
| Real Estate | 2.71% | - | - | - | |
| Real Estate | - | 2.71% | - | - | |
| Real Estate Investment Trusts | - | - | 2.71% | - | |
| Office REITs | - | - | - | 1.45% | |
| Retail REITs | - | - | - | 1.26% | |
| Bonds | 0.01% | - | - | - | |
| Cash and Equivalents | -0.58% | - | - | - | |
Regional Allocation
| North America | 86.77% | |
| Developed Europe - Excl UK | 5.71% | |
| Non-Classified | 3.36% | |
| Middle East & Africa | 1.89% | |
| Property | 1.26% | |
| UK | 0.93% | |
| Australia & New Zealand | 0.67% | |
| Cash and Equivalents | -0.58% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 100.57% | |
| US Dollar | 0.01% | |
| Cash | -0.58% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 86.77% | - | |
United States
|
- | 85.24% | |
Canada
|
- | 1.53% | |
| Developed Europe - Excl UK | 5.71% | - | |
Ireland
|
- | 5.70% | |
France
|
- | 0.01% | |
| Non-Classified | 3.36% | - | |
| Middle East & Africa | 1.89% | - | |
Israel
|
- | 1.89% | |
| Property | 1.26% | - | |
| UK | 0.93% | - | |
United Kingdom
|
- | 0.93% | |
| Australia & New Zealand | 0.67% | - | |
Australia
|
- | 0.67% | |
| Cash and Equivalents | -0.58% | - | |
Breakdown By Market Cap (%)
| Mega |
|
38.20% |
| Large |
|
17.65% |
| Medium |
|
11.27% |
| Small |
|
0.67% |
| Non-Classified |
|
32.78% |
| Bonds |
|
0.01% |
| Cash |
|
-0.58% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ALPHABET | 3.78% | Software & Computer Services | United States |
| 2 | JPMORGAN CHASE & CO | 3.42% | Banks | United States |
| 3 | SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | 2.61% | Technology Hardware & Equipment | Ireland |
| 4 | CITIGROUP | 2.40% | Banks | United States |
| 5 | WELLS FARGO & COMPANY | 2.35% | Banks | United States |
| 6 | CHEVRON CORP NEW | 2.30% | Non-Renewable Energy | United States |
| 7 | CISCO SYSTEMS | 2.23% | Telecommunications Equipment | United States |
| 8 | SALESFORCE.COM | 1.90% | Software & Computer Services | United States |
| 9 | CHECK POINT SOFTWARE TECHNOLOGIES LTD | 1.89% | Software & Computer Services | Israel |
| 10 | VERIZON COMMUNICATIONS | 1.86% | Telecommunications Service Providers | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 20.72% | - | - | - | - | - | - | 20.72% |
| Telecommunications | - | 5.03% | - | - | - | - | - | - | 5.03% |
| Financials | - | 16.31% | - | - | - | - | - | - | 16.31% |
| Real Estate | - | 1.45% | - | - | - | 1.26% | - | - | 2.71% |
| Consumer Discretionary | - | 9.14% | - | - | - | - | - | - | 9.14% |
| Consumer Staples | 0.93% | 6.07% | - | - | - | - | - | - | 7.00% |
| Energy | - | 4.66% | - | - | - | - | - | - | 4.66% |
| Utilities | - | 4.83% | - | - | - | - | - | - | 4.83% |
| Health Care | - | 12.57% | - | - | - | - | - | - | 12.57% |
| Industrials | - | 10.92% | - | - | - | - | - | - | 10.92% |
| Basic Materials | - | 3.33% | - | - | - | - | - | - | 3.33% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.58% | -0.58% |
| Bonds | - | - | - | 0.01% | - | - | - | - | 0.01% |
| Non-Classified | - | - | - | - | - | - | 3.36% | - | 3.36% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BK7XXR9 |
| Mex Code | - |
| Isin Code | GB00BK7XXR93 |
| Citi Code | QGNP |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.45% |
Aims and Benchmark
| Aims | The Fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the S&P 500 Index over any five-year period. |
| Benchmark | S&P 500 Index |
| Benchmark Category | Target |
| IA Sector | North America |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | $0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | State Street Bank and Trust Company |
Group Details
| Group name | M&G Investments |
| Group address | 10 Fenchurch Avenue London EC3M 5AG United Kingdom |
| Group telephone | 0800 390 390 |
| Dealing telephone | 0800 328 3196 |
| info@mandg.co.uk | |
| Homepage | www.mandg.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | - |
| Settlement Period: Sell | - |
| Pricing Basis | None |
| Dealing Decimals | - |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.22 |
| Beta | 0.95 |
| Sharpe | 0.65 |
| Standard Deviation | 12.43 |
| Info Ratio | -0.35 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
'Prudential' is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.