The Fund aims to provide:
• a higher annual yield than the FTSE All-Share Index;
• an income stream that increases annually; and
• a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than a composite index* over any five year period.
*70% FTSE All-Share Index and 30% FTSE Actuaries UK Conventional Gilts All Stocks Index.
Fund Manager
Elina Symonmanager
for
3 years
and 1 months
TBC
Michael Stiasnymanager
for
6 years
and 1 months
Michael Stiasny is the fund manager of Charifund and, since 1 April 2018, of the M&G UK Income Distribution Fund. He is also deputy fund manager of both the M&G Recovery Fund and the M&G Global Recovery Fund. He joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in 2005. He was appointed deputy fund manager of the M&G Recovery Fund in 2011. Michael graduated with a degree in philosophy, politics and economics from the University of Oxford. He is a CFA charterholder.
Fund Overview
Mid (03/05/2024)
1175.63p
Historic yield
5.70%
Fund size (31/03/2024)
£439.10m
Number of holdings
254
Entry Charge
0.00%
Ongoing Charges
0.73%
Launch date
19/11/1973
Asset Allocation
UK Equities
66.53%
International Bonds
15.88%
UK Corporate Bonds
6.33%
International Equities
3.29%
UK Gilts
2.01%
Investment Trusts
1.26%
Property
1.25%
Money Market
0.48%
Cash and Equivalents
0.20%
Other Assets
2.78%
Portfolio data accurate as at: 31/03/24
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.
Portfolio data accurate as at:
Asset Allocation
UK Equities
66.53%
International Bonds
15.88%
UK Corporate Bonds
6.33%
International Equities
3.29%
UK Gilts
2.01%
Investment Trusts
1.26%
Property
1.25%
Money Market
0.48%
Cash and Equivalents
0.20%
Other Assets
2.78%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
25.16%
-
-
-
Financials
22.25%
-
-
-
Insurance
-
9.02%
-
-
Life Insurance
-
-
6.96%
-
Life Insurance
-
-
-
6.96%
Non-life Insurance
-
-
2.06%
-
Property & Casualty Insurance
-
-
-
1.49%
Reinsurance
-
-
-
0.57%
Banks
-
7.91%
-
-
Banks
-
-
7.91%
-
Banks
-
-
-
7.91%
Financial Services
-
5.32%
-
-
Investment Banking & Brokerage Services
-
-
3.65%
-
Asset Managers & Custodians
-
-
-
2.84%
Investment Services
-
-
-
0.81%
Equity Investment Instruments
-
-
1.49%
-
Equity Investment Instruments
-
-
-
1.49%
Finance & Credit Services
-
-
0.18%
-
Mortgage Finance
-
-
-
0.18%
Energy
8.87%
-
-
-
Energy
-
8.87%
-
-
Non-Renewable Energy
-
-
8.87%
-
Integrated Oil & Gas
-
-
-
8.20%
Oil: Crude Producers
-
-
-
0.67%
Health Care
7.39%
-
-
-
Health Care
-
7.39%
-
-
Pharmaceuticals & Biotechnology
-
-
7.39%
-
Pharmaceuticals
-
-
-
7.39%
Consumer Staples
6.98%
-
-
-
Food, Beverage & Tobacco
-
5.93%
-
-
Tobacco
-
-
5.93%
-
Tobacco
-
-
-
5.93%
Personal Care, Drug & Grocery Stores
-
1.04%
-
-
Personal Care, Drug & Grocery Stores
-
-
1.04%
-
Personal Products
-
-
-
1.04%
Utilities
6.29%
-
-
-
Utilities
-
6.29%
-
-
Gas, Water & Multi-utilities
-
-
4.34%
-
Multi-Utilities
-
-
-
2.99%
Water
-
-
-
1.35%
Electricity
-
-
1.94%
-
Conventional Electricity
-
-
-
1.94%
Consumer Discretionary
4.89%
-
-
-
Media
-
2.07%
-
-
Media
-
-
2.07%
-
Radio & TV Broadcasters
-
-
-
1.16%
Publishing
-
-
-
0.63%
Media Agencies
-
-
-
0.27%
Consumer Products & Services
-
1.69%
-
-
Household Goods & Home Construction
-
-
1.26%
-
Home Construction
-
-
-
1.26%
Personal Goods
-
-
0.42%
-
Clothing & Accessories
-
-
-
0.42%
Travel & Leisure
-
0.66%
-
-
Travel & Leisure
-
-
0.66%
-
Casinos & Gambling
-
-
-
0.66%
Retail
-
0.48%
-
-
Retailers
-
-
0.48%
-
Home Improvement Retailers
-
-
-
0.48%
Industrials
4.88%
-
-
-
Industrial Goods & Services
-
3.55%
-
-
Industrial Support Services
-
-
1.44%
-
Business Training & Employment Agencies
-
-
-
0.63%
Professional Business Support Services
-
-
-
0.56%
Transaction Processing Services
-
-
-
0.25%
General Industrials
-
-
1.07%
-
Containers & Packaging
-
-
-
1.07%
Industrial Engineering
-
-
0.60%
-
Machinery: Specialty
-
-
-
0.60%
Industrial Transportation
-
-
0.45%
-
Delivery Services
-
-
-
0.31%
Marine Transportation
-
-
-
0.14%
Construction & Materials
-
1.33%
-
-
Construction & Materials
-
-
1.33%
-
Engineering & Contracting Services
-
-
-
0.84%
Construction
-
-
-
0.26%
Building Materials: Other
-
-
-
0.24%
Basic Materials
4.72%
-
-
-
Basic Resources
-
4.38%
-
-
Industrial Metals & Mining
-
-
4.38%
-
General Mining
-
-
-
4.38%
Chemicals
-
0.34%
-
-
Chemicals
-
-
0.34%
-
Specialty Chemicals
-
-
-
0.34%
Non-Classified
3.48%
-
-
-
Non-Classified
-
0.47%
-
-
Non-Classified
-
-
0.47%
-
Non-Classified
-
-
-
0.47%
Telecommunications
1.98%
-
-
-
Telecommunications
-
1.98%
-
-
Telecommunications Service Providers
-
-
1.98%
-
Telecommunications Services
-
-
-
1.98%
Real Estate
1.69%
-
-
-
Real Estate
-
1.69%
-
-
Real Estate Investment Trusts
-
-
1.30%
-
Diversified REITs
-
-
-
0.76%
Retail REITs
-
-
-
0.43%
Residential REITs
-
-
-
0.06%
Office REITs
-
-
-
0.05%
Real Estate Investment & Services
-
-
0.39%
-
Real Estate Holding and Development
-
-
-
0.39%
Technology
0.75%
-
-
-
Technology
-
0.75%
-
-
Software & Computer Services
-
-
0.75%
-
Consumer Digital Services
-
-
-
0.75%
Cash and Equivalents
0.68%
-
-
-
Regional Allocation
UK
75.97%
Developed Europe - Excl UK
9.16%
North America
7.22%
Non-Classified
5.24%
Property
1.25%
Cash and Equivalents
0.68%
Developed Asia
0.23%
Australia & New Zealand
0.15%
Middle East & Africa
0.11%
Fixed Interest Currencies
Non-Fixed Interest Assets
75.58%
Pound Sterling
23.19%
US Dollar
1.03%
Cash
0.20%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
75.97%
-
United Kingdom
-
74.86%
Isle of Man
-
0.66%
Guernsey
-
0.44%
Developed Europe - Excl UK
9.16%
-
Germany
-
2.14%
France
-
2.05%
Netherlands
-
1.47%
Spain
-
0.73%
Luxembourg
-
0.66%
Switzerland
-
0.51%
Sweden
-
0.51%
Ireland
-
0.43%
Belgium
-
0.37%
Norway
-
0.29%
North America
7.22%
-
United States
-
5.92%
Canada
-
0.72%
Bermuda
-
0.57%
Non-Classified
5.24%
-
Property
1.25%
-
Cash and Equivalents
0.68%
-
Developed Asia
0.23%
-
Hong Kong
-
0.23%
Australia & New Zealand
0.15%
-
Australia
-
0.15%
Middle East & Africa
0.11%
-
United Arab Emirates
-
0.11%
Breakdown By Market Cap (%)
Mega
25.98%
Large
9.82%
Medium
9.56%
Small
4.88%
Micro
1.28%
Non-Classified
23.59%
Bonds
24.22%
Cash
0.68%
Fixed Interest Maturity Profile
< 5Yr Maturity
18.11%
5Yr - 10Yr Maturity
4.89%
10Yr - 15Yr Maturity
0.89%
> 15Yr Maturity
0.33%
Cash And Equivalents
0.68%
Unknown Maturity
2.31%
Other Asset Types
72.79%
Fixed Interest Quality Profile
AAA
1.55%
AA
3.85%
A
7.79%
BBB
7.77%
Sub-Investment Grade
0.48%
Unknown Quality
2.78%
Cash and Equivalents
0.68%
Other Asset Types
75.10%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
BP
5.76%
Non-Renewable Energy
United Kingdom
2
HSBC HOLDINGS
4.97%
Banks
United Kingdom
3
GSK
4.01%
Pharmaceuticals & Biotechnology
United Kingdom
4
ASTRAZENECA
3.38%
Pharmaceuticals & Biotechnology
United Kingdom
5
RIO TINTO
3.37%
Industrial Metals & Mining
United Kingdom
6
BRITISH AMERICAN TOBACCO
3.14%
Tobacco
United Kingdom
7
IMPERIAL BRANDS
2.80%
Tobacco
United Kingdom
8
NATIONAL GRID
2.54%
Gas, Water & Multi-utilities
United Kingdom
9
SHELL
2.44%
Non-Renewable Energy
United Kingdom
10
PHOENIX GROUP HLDGS
1.89%
Life Insurance
United Kingdom
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
B70D579
Mex Code
-
Isin Code
GB00B70D5799
Citi Code
0ZDM
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.73%
Aims and Benchmark
Aims
The Fund aims to provide:
• a higher annual yield than the FTSE All-Share Index;
• an income stream that increases annually; and
• a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than a composite index* over any five year period.
*70% FTSE All-Share Index and 30% FTSE Actuaries UK Conventional Gilts All Stocks Index.
Benchmark
70% FTSE All-Share Index, 30% FTSE Actuaries UK Conventional Gilts All Stocks Index
Benchmark Category
Target
IA Sector
UK Equity & Bond Income
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
Email
info@mandg.co.uk
Homepage
www.mandg.co.uk
Fax number
-
Dealing
Minimum Investment
-
Minimum Top Up
-
Minimum Regular Saving
-
Settlement Period: Buy
3 days
Settlement Period: Sell
3 days
Pricing Basis
Forward
Dealing Decimals
3
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.