M&G North American Dividend Class PP GBP Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
30/11/24 to 30/11/25 |
|
|---|---|---|---|---|---|
| Fund | 24.1% | 1.1% | 9.9% | 28.6% | 6.4% |
| Sector | 25.2% | -3.7% | 6.1% | 30.7% | 5.7% |
| Rank | 136/213 | 64/231 | 104/243 | 163/248 | 143/262 |
| Quartile | 3 | 2 | 2 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/25 |
5 Years to 30/11/25 |
10 Years to 30/11/25 |
||
| Fund | 14.6% | 13.5% | n/a | |
| Sector | 13.6% | 12.1% | 13.5% | |
| Rank | 135/244 | 81/213 | n/a | |
| Quartile | 3 | 2 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MICROSOFT CORPORATION | 9.05 |
| META PLATFORMS | 5.23 |
| NEXTERA ENERGY | 4.99 |
| ALPHABET | 4.23 |
| BROADCOM | 4.05 |
| UNITEDHEALTH GROUP INCORPORATED | 3.63 |
| ARES MANAGEMENT CORPORATION | 3.35 |
| MASTERCARD INCORPORATED | 3.32 |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | 2.99 |
| ROYAL CARIBBEAN GROUP | 2.70 |
| Total | 43.54 |
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 (17/12/2025) | 188.91p |
| Historic yield | 1.43% |
| Fund size (30/11/2025) | £982.64m |
| Number of holdings | 292 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.45% |
| Launch date | 18/12/1972 |
Asset Allocation
| International Equities | 96.68% | |
| Property | 2.05% | |
| Money Market | 0.94% | |
| Cash and Equivalents | 0.13% | |
| Other Assets | 0.20% |
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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | 96.68% | |
| Property | 2.05% | |
| Money Market | 0.94% | |
| Cash and Equivalents | 0.13% | |
| Other Assets | 0.20% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 32.90% | - | - | - | |
| Technology | - | 32.90% | - | - | |
| Software & Computer Services | - | - | 21.90% | - | |
| Software | - | - | - | 12.44% | |
| Consumer Digital Services | - | - | - | 9.46% | |
| Technology Hardware & Equipment | - | - | 11.00% | - | |
| Semiconductors | - | - | - | 5.56% | |
| Computer Hardware | - | - | - | 3.46% | |
| Production Technology Equipment | - | - | - | 1.98% | |
| Financials | 15.35% | - | - | - | |
| Financial Services | - | 7.55% | - | - | |
| Investment Banking & Brokerage Services | - | - | 7.55% | - | |
| Asset Managers & Custodians | - | - | - | 4.77% | |
| Investment Services | - | - | - | 2.77% | |
| Banks | - | 4.85% | - | - | |
| Banks | - | - | 4.85% | - | |
| Banks | - | - | - | 4.85% | |
| Insurance | - | 2.95% | - | - | |
| Non-life Insurance | - | - | 2.95% | - | |
| Property & Casualty Insurance | - | - | - | 2.95% | |
| Health Care | 15.35% | - | - | - | |
| Health Care | - | 15.35% | - | - | |
| Health Care Providers | - | - | 6.09% | - | |
| Health Care Management Services | - | - | - | 6.09% | |
| Pharmaceuticals & Biotechnology | - | - | 4.79% | - | |
| Pharmaceuticals | - | - | - | 4.79% | |
| Medical Equipment & Services | - | - | 4.47% | - | |
| Medical Equipment | - | - | - | 4.47% | |
| Industrials | 10.66% | - | - | - | |
| Industrial Goods & Services | - | 9.33% | - | - | |
| Industrial Support Services | - | - | 9.33% | - | |
| Transaction Processing Services | - | - | - | 7.70% | |
| Professional Business Support Services | - | - | - | 1.63% | |
| Construction & Materials | - | 1.32% | - | - | |
| Construction & Materials | - | - | 1.32% | - | |
| Building: Climate Control | - | - | - | 1.32% | |
| Consumer Discretionary | 7.77% | - | - | - | |
| Travel & Leisure | - | 4.07% | - | - | |
| Travel & Leisure | - | - | 4.07% | - | |
| Travel & Tourism | - | - | - | 2.70% | |
| Restaurants & Bars | - | - | - | 1.37% | |
| Retail | - | 2.28% | - | - | |
| Retailers | - | - | 2.28% | - | |
| Home Improvement Retailers | - | - | - | 1.93% | |
| Specialty Retailers | - | - | - | 0.35% | |
| Consumer Products & Services | - | 1.42% | - | - | |
| Personal Goods | - | - | 1.42% | - | |
| Clothing & Accessories | - | - | - | 1.42% | |
| Footwear | - | - | - | 0.00% | |
| Utilities | 4.99% | - | - | - | |
| Utilities | - | 4.99% | - | - | |
| Electricity | - | - | 4.99% | - | |
| Conventional Electricity | - | - | - | 4.99% | |
| Real Estate | 4.23% | - | - | - | |
| Real Estate | - | 4.23% | - | - | |
| Real Estate Investment Trusts | - | - | 4.23% | - | |
| Other Specialty REITs | - | - | - | 2.18% | |
| Industrial REITs | - | - | - | 2.05% | |
| Energy | 3.31% | - | - | - | |
| Energy | - | 3.31% | - | - | |
| Non-Renewable Energy | - | - | 3.31% | - | |
| Oil Refining and Marketing | - | - | - | 1.80% | |
| Pipelines | - | - | - | 1.51% | |
| Consumer Staples | 1.99% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.99% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.99% | - | |
| Drug Retailers | - | - | - | 1.99% | |
| Telecommunications | 1.44% | - | - | - | |
| Telecommunications | - | 1.44% | - | - | |
| Telecommunications Service Providers | - | - | 1.44% | - | |
| Telecommunications Services | - | - | - | 1.44% | |
| Cash and Equivalents | 1.07% | - | - | - | |
| Basic Materials | 0.75% | - | - | - | |
| Chemicals | - | 0.75% | - | - | |
| Chemicals | - | - | 0.75% | - | |
| Specialty Chemicals | - | - | - | 0.75% | |
| Non-Classified | 0.20% | - | - | - | |
Regional Allocation
| North America | 92.06% | |
| Developed Europe - Excl UK | 4.62% | |
| Property | 2.05% | |
| Cash and Equivalents | 1.07% | |
| Non-Classified | 0.20% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 100.04% | |
| Cash | -0.04% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 92.06% | - | |
United States
|
- | 89.50% | |
Canada
|
- | 2.55% | |
| Developed Europe - Excl UK | 4.62% | - | |
Ireland
|
- | 4.62% | |
| Property | 2.05% | - | |
| Cash and Equivalents | 1.07% | - | |
| Non-Classified | 0.20% | - | |
Breakdown By Market Cap (%)
| Mega |
|
51.01% |
| Large |
|
7.61% |
| Medium |
|
5.05% |
| Non-Classified |
|
35.27% |
| Cash |
|
1.07% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MICROSOFT CORPORATION | 9.05% | Software & Computer Services | United States |
| 2 | META PLATFORMS | 5.23% | Software & Computer Services | United States |
| 3 | NEXTERA ENERGY | 4.99% | Electricity | United States |
| 4 | ALPHABET | 4.23% | Software & Computer Services | United States |
| 5 | BROADCOM | 4.05% | Technology Hardware & Equipment | United States |
| 6 | UNITEDHEALTH GROUP INCORPORATED | 3.63% | Health Care Providers | United States |
| 7 | ARES MANAGEMENT CORPORATION | 3.35% | Investment Banking & Brokerage Services | United States |
| 8 | MASTERCARD INCORPORATED | 3.32% | Industrial Support Services | United States |
| 9 | SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY | 2.99% | Technology Hardware & Equipment | Ireland |
| 10 | ROYAL CARIBBEAN GROUP | 2.70% | Travel & Leisure | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 32.90% | - | - | - | - | - | - | 32.90% |
| Telecommunications | - | 1.44% | - | - | - | - | - | - | 1.44% |
| Financials | - | 15.35% | - | - | - | - | - | - | 15.35% |
| Real Estate | - | 2.18% | - | - | - | 2.05% | - | - | 4.23% |
| Consumer Discretionary | - | 7.77% | - | - | - | - | - | - | 7.77% |
| Consumer Staples | - | 1.99% | - | - | - | - | - | - | 1.99% |
| Energy | - | 3.31% | - | - | - | - | - | - | 3.31% |
| Utilities | - | 4.99% | - | - | - | - | - | - | 4.99% |
| Health Care | - | 15.35% | - | - | - | - | - | - | 15.35% |
| Industrials | - | 10.66% | - | - | - | - | - | - | 10.66% |
| Basic Materials | - | 0.75% | - | - | - | - | - | - | 0.75% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.13% | 0.13% |
| Non-Classified | - | - | - | - | - | - | 0.20% | 0.94% | 1.14% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | 0.45% |
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.