M&G North American Dividend Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | n/a | 30.7% | 12.7% | -0.8% | 23.0% |
| Sector | 2.4% | 34.1% | 6.5% | -0.7% | 21.7% |
| Rank | 113/205 | 167/219 | 42/228 | 132/245 | 119/253 |
| Quartile | 3 | 4 | 1 | 3 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 11.2% | n/a | n/a | |
| Sector | 8.8% | 12.1% | 13.6% | |
| Rank | 44/228 | 88/205 | n/a | |
| Quartile | 1 | 2 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MICROSOFT CORPORATION | 8.85 |
| BROADCOM INC | 7.61 |
| MASTERCARD INCORPORATED | 7.33 |
| VISA | 5.86 |
| UNITEDHEALTH GROUP INCORPORATED | 4.64 |
| BLACKROCK | 3.98 |
| NEXTERA ENERGY INC | 2.88 |
| JPMORGAN CHASE & CO | 2.73 |
| ELEVANCE HEALTH | 2.67 |
| META PLATFORMS | 2.66 |
| Total | 49.21 |
Fund Aims
The Fund has two 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 and • To provide an income stream that increases every year in USD terms.
Fund Manager
John Weavers was appointed manager of the M&G North American Dividend Fund in April 2015; he has been a member of the income franchise since January 2012. John joined M&G as a graduate in 2007 and initially worked within the Equities Research team as an analyst. John graduated from Oxford University in 2006 with an honours degree in politics, philosophy and economics. He is a CFA charterholder.
Fund Overview
| Mid (01/05/2024) | 156.89p |
| Historic yield | 1.42% |
| Fund size (31/03/2024) | £809.23m |
| Number of holdings | 190 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.51% |
| Launch date | 18/12/1972 |
Asset Allocation
| International Equities | 93.77% | |
| Property | 2.42% | |
| Cash and Equivalents | 1.47% | |
| UK Equities | 1.25% | |
| International Bonds | 0.08% | |
| UK Corporate Bonds | 0.01% | |
| Other Assets | 1.00% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 93.77% | |
| Property | 2.42% | |
| Cash and Equivalents | 1.47% | |
| UK Equities | 1.25% | |
| International Bonds | 0.08% | |
| UK Corporate Bonds | 0.01% | |
| Other Assets | 1.00% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 25.22% | - | - | - | |
| Technology | - | 25.22% | - | - | |
| Software & Computer Services | - | - | 13.08% | - | |
| Software | - | - | - | 10.42% | |
| Consumer Digital Services | - | - | - | 2.66% | |
| Technology Hardware & Equipment | - | - | 12.14% | - | |
| Semiconductors | - | - | - | 10.30% | |
| Production Technology Equipment | - | - | - | 1.19% | |
| Computer Hardware | - | - | - | 0.65% | |
| Industrials | 20.50% | - | - | - | |
| Industrial Goods & Services | - | 19.81% | - | - | |
| Industrial Support Services | - | - | 18.22% | - | |
| Transaction Processing Services | - | - | - | 15.60% | |
| Professional Business Support Services | - | - | - | 2.63% | |
| Industrial Transportation | - | - | 0.96% | - | |
| Railroads | - | - | - | 0.96% | |
| General Industrials | - | - | 0.64% | - | |
| Paints & Coatings | - | - | - | 0.64% | |
| Construction & Materials | - | 0.68% | - | - | |
| Construction & Materials | - | - | 0.68% | - | |
| Building: Climate Control | - | - | - | 0.68% | |
| Health Care | 13.82% | - | - | - | |
| Health Care | - | 13.82% | - | - | |
| Health Care Providers | - | - | 7.31% | - | |
| Health Care Management Services | - | - | - | 7.31% | |
| Pharmaceuticals & Biotechnology | - | - | 4.04% | - | |
| Pharmaceuticals | - | - | - | 4.04% | |
| Medical Equipment & Services | - | - | 2.47% | - | |
| Medical Equipment | - | - | - | 2.47% | |
| Financials | 13.10% | - | - | - | |
| Financial Services | - | 6.67% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.25% | - | |
| Asset Managers & Custodians | - | - | - | 5.25% | |
| Finance & Credit Services | - | - | 1.42% | - | |
| Financial Data & Systems | - | - | - | 1.42% | |
| Insurance | - | 3.69% | - | - | |
| Non-life Insurance | - | - | 3.69% | - | |
| Insurance Brokers | - | - | - | 2.33% | |
| Property & Casualty Insurance | - | - | - | 1.36% | |
| Banks | - | 2.73% | - | - | |
| Banks | - | - | 2.73% | - | |
| Banks | - | - | - | 2.73% | |
| Real Estate | 7.13% | - | - | - | |
| Real Estate | - | 7.13% | - | - | |
| Real Estate Investment Trusts | - | - | 7.13% | - | |
| Other Specialty REITs | - | - | - | 2.45% | |
| Industrial REITs | - | - | - | 2.42% | |
| Infrastructure REITs | - | - | - | 2.25% | |
| Consumer Discretionary | 5.25% | - | - | - | |
| Retail | - | 3.07% | - | - | |
| Retailers | - | - | 3.07% | - | |
| Specialty Retailers | - | - | - | 1.62% | |
| Home Improvement Retailers | - | - | - | 1.45% | |
| Consumer Products & Services | - | 2.18% | - | - | |
| Consumer Services | - | - | 1.08% | - | |
| Consumer Services: Misc. | - | - | - | 1.08% | |
| Personal Goods | - | - | 0.77% | - | |
| Footwear | - | - | - | 0.77% | |
| Leisure Goods | - | - | 0.34% | - | |
| Recreational Products | - | - | - | 0.34% | |
| Energy | 3.85% | - | - | - | |
| Energy | - | 3.85% | - | - | |
| Non-Renewable Energy | - | - | 3.85% | - | |
| Pipelines | - | - | - | 2.60% | |
| Oil Equipment & Services | - | - | - | 1.25% | |
| Telecommunications | 3.23% | - | - | - | |
| Telecommunications | - | 3.23% | - | - | |
| Telecommunications Service Providers | - | - | 2.14% | - | |
| Telecommunications Services | - | - | - | 2.14% | |
| Telecommunications Equipment | - | - | 1.10% | - | |
| Telecommunications Equipment | - | - | - | 1.10% | |
| Utilities | 2.88% | - | - | - | |
| Utilities | - | 2.88% | - | - | |
| Electricity | - | - | 2.88% | - | |
| Conventional Electricity | - | - | - | 2.88% | |
| Basic Materials | 2.46% | - | - | - | |
| Chemicals | - | 2.46% | - | - | |
| Chemicals | - | - | 2.46% | - | |
| Specialty Chemicals | - | - | - | 2.46% | |
| Cash and Equivalents | 1.47% | - | - | - | |
| Non-Classified | 1.00% | - | - | - | |
| Bonds | 0.09% | - | - | - | |
Regional Allocation
| North America | 90.87% | |
| Developed Europe - Excl UK | 2.95% | |
| Property | 2.42% | |
| Cash and Equivalents | 1.47% | |
| UK | 1.26% | |
| Non-Classified | 1.00% | |
| Australia & New Zealand | 0.01% | |
| Japan | 0.01% | |
| Emerging Asia | 0.01% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.45% | |
| Cash | 1.47% | |
| Pound Sterling | 0.08% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 90.87% | - | |
United States
|
- | 87.13% | |
Canada
|
- | 3.74% | |
| Developed Europe - Excl UK | 2.95% | - | |
Ireland
|
- | 1.95% | |
Netherlands
|
- | 0.96% | |
Sweden
|
- | 0.02% | |
France
|
- | 0.01% | |
| Property | 2.42% | - | |
| Cash and Equivalents | 1.47% | - | |
| UK | 1.26% | - | |
United Kingdom
|
- | 1.26% | |
| Non-Classified | 1.00% | - | |
| Australia & New Zealand | 0.01% | - | |
Australia
|
- | 0.01% | |
| Japan | 0.01% | - | |
Japan
|
- | 0.01% | |
| Emerging Asia | 0.01% | - | |
South Korea
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Mega |
|
53.04% |
| Large |
|
10.66% |
| Medium |
|
6.15% |
| Non-Classified |
|
28.60% |
| Bonds |
|
0.09% |
| Cash |
|
1.47% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MICROSOFT CORPORATION | 8.85% | Software & Computer Services | United States |
| 2 | BROADCOM INC | 7.61% | Technology Hardware & Equipment | United States |
| 3 | MASTERCARD INCORPORATED | 7.33% | Industrial Support Services | United States |
| 4 | VISA | 5.86% | Industrial Support Services | United States |
| 5 | UNITEDHEALTH GROUP INCORPORATED | 4.64% | Health Care Providers | United States |
| 6 | BLACKROCK | 3.98% | Investment Banking & Brokerage Services | United States |
| 7 | NEXTERA ENERGY INC | 2.88% | Electricity | United States |
| 8 | JPMORGAN CHASE & CO | 2.73% | Banks | United States |
| 9 | ELEVANCE HEALTH | 2.67% | Health Care Providers | United States |
| 10 | META PLATFORMS | 2.66% | Software & Computer Services | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 25.22% | - | - | - | - | - | - | 25.22% |
| Telecommunications | - | 3.23% | - | - | - | - | - | - | 3.23% |
| Financials | - | 13.10% | - | - | - | - | - | - | 13.10% |
| Real Estate | - | 4.71% | - | - | - | 2.42% | - | - | 7.13% |
| Consumer Discretionary | - | 5.25% | - | - | - | - | - | - | 5.25% |
| Energy | 1.25% | 2.60% | - | - | - | - | - | - | 3.85% |
| Utilities | - | 2.88% | - | - | - | - | - | - | 2.88% |
| Health Care | - | 13.82% | - | - | - | - | - | - | 13.82% |
| Industrials | - | 20.50% | - | - | - | - | - | - | 20.50% |
| Basic Materials | - | 2.46% | - | - | - | - | - | - | 2.46% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.47% | 1.47% |
| Bonds | - | - | 0.01% | 0.08% | - | - | - | - | 0.09% |
| Non-Classified | - | - | - | - | - | - | 1.00% | - | 1.00% |
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 | BK7XX46 |
| Mex Code | - |
| Isin Code | GB00BK7XX462 |
| Citi Code | QGNO |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.51% |
Aims and Benchmark
| Aims | The Fund has two 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 and • To provide an income stream that increases every year in USD terms. |
| 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 | Quarterly |
| 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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 3.10 |
| Beta | 0.90 |
| Sharpe | 0.65 |
| Standard Deviation | 11.81 |
| Info Ratio | 0.38 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| 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).
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
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.