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 FTSE All-Share Index over any five-year period.
Fund Manager
Michael Stiasny manager for:
4 years 5 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
Price
Bid
325.73p
Offer
325.73p
(13/05/2025)
Annual Management Charge
1.50%
Top 10 Holdings
|
| Stock Name |
% Weight |
| HSBC HOLDINGS |
7.8%
|
| BP |
6.7%
|
| ASTRAZENECA |
4.4%
|
| MESOBLAST LIMITED |
4.2%
|
| IMPERIAL BRANDS |
3.4%
|
| GSK |
3.3%
|
| NATIONAL GRID |
3.2%
|
| ROYAL BANK OF SCOTLAND GROUP |
2.9%
|
| SHELL |
2.8%
|
| COMPASS GROUP |
2.3%
|
|
Total
|
41.0%
|
Equity Sector Allocation
| Health Care |
18.0%
|
| Banks |
14.8%
|
| Energy |
10.1%
|
| Insurance |
7.6%
|
| Utilities |
5.7%
|
| Basic Resources |
5.6%
|
| Food, Beverage & Tobacco |
5.6%
|
| Personal Care, Drug & Grocery Stores |
5.5%
|
| Media |
4.5%
|
| Construction & Materials |
4.0%
|
| Other |
14.6%
|
| Cash and Equivalents |
0.5%
|
Data accurate at: 28/02/2025
Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested.
Cumulative performance figures are calculated from the previous working day.
Discrete performance figures are calculated from the previous month end.
Data accurate at: 28/02/2025
Asset Allocation
|
|
UK Equities
|
88.3%
|
|
|
International Equities
|
11.2%
|
|
|
Cash & Equivalents
|
0.5%
|
|
|
Other
|
< 0.1%
|
Equity Sector Allocation
ICB Industries
ICB Supersectors
ICB Sectors
ICB Subsectors
ICB Industries
| Financials |
|
24.4% |
| Health Care |
|
18.0% |
| Consumer Discretionary |
|
12.9% |
| Consumer Staples |
|
11.0% |
| Energy |
|
10.1% |
| Basic Materials |
|
7.8% |
| Industrials |
|
6.7% |
| Utilities |
|
5.7% |
| Telecommunications |
|
1.5% |
| Real Estate |
|
0.9% |
| Technology |
|
0.6% |
| Cash and Equivalents |
|
0.5% |
| Non-Classified |
|
<0.1% |
ICB Supersectors
| Health Care |
|
18.0% |
| Banks |
|
14.8% |
| Energy |
|
10.1% |
| Insurance |
|
7.6% |
| Utilities |
|
5.7% |
| Basic Resources |
|
5.6% |
| Food, Beverage & Tobacco |
|
5.6% |
| Personal Care, Drug & Grocery Stores |
|
5.5% |
| Media |
|
4.5% |
| Construction & Materials |
|
4.0% |
| Consumer Products & Services |
|
4.0% |
| Travel & Leisure |
|
3.4% |
| Industrial Goods & Services |
|
2.7% |
| Chemicals |
|
2.2% |
| Financial Services |
|
2.0% |
| Telecommunications |
|
1.5% |
| Retail |
|
1.0% |
| Real Estate |
|
0.9% |
| Technology |
|
0.6% |
| Cash and Equivalents |
|
0.5% |
| Non-Classified |
|
<0.1% |
ICB Sectors
| Pharmaceuticals & Biotechnology |
|
17.4% |
| Banks |
|
14.8% |
| Non-Renewable Energy |
|
10.0% |
| Industrial Metals & Mining |
|
5.6% |
| Personal Care, Drug & Grocery Stores |
|
5.5% |
| Media |
|
4.5% |
| Non-life Insurance |
|
4.5% |
| Gas, Water & Multi-utilities |
|
4.4% |
| Construction & Materials |
|
4.0% |
| Tobacco |
|
3.4% |
| Travel & Leisure |
|
3.4% |
| Life Insurance |
|
3.0% |
| Consumer Services |
|
2.3% |
| Chemicals |
|
2.2% |
| Food Producers |
|
1.9% |
| Investment Banking & Brokerage Services |
|
1.8% |
| Telecommunications Service Providers |
|
1.5% |
| Personal Goods |
|
1.5% |
| Electricity |
|
1.3% |
| Retailers |
|
1.0% |
| Industrial Support Services |
|
0.9% |
| Real Estate Investment Trusts |
|
0.9% |
| General Industrials |
|
0.8% |
| Medical Equipment & Services |
|
0.6% |
| Software & Computer Services |
|
0.6% |
| Electronic & Electrical Equipment |
|
0.5% |
| Cash and Equivalents |
|
0.5% |
| Industrial Engineering |
|
0.5% |
| Beverages |
|
0.2% |
| Leisure Goods |
|
0.2% |
| Renewable Energy |
|
0.1% |
| Nonequity Investment Instruments |
|
0.1% |
| Non-Classified |
|
<0.1% |
ICB Subsectors
| Banks |
|
14.8% |
| Integrated Oil & Gas |
|
9.5% |
| Pharmaceuticals |
|
9.1% |
| Biotechnology |
|
8.3% |
| General Mining |
|
4.2% |
| Tobacco |
|
3.4% |
| Property & Casualty Insurance |
|
3.3% |
| Multi-Utilities |
|
3.2% |
| Life Insurance |
|
3.0% |
| Media Agencies |
|
2.5% |
| Construction |
|
2.4% |
| Vending & Catering Service |
|
2.3% |
| Nondurable Household Products |
|
2.2% |
| Casinos & Gambling |
|
1.9% |
| Personal Products |
|
1.8% |
| Telecommunications Services |
|
1.5% |
| Clothing & Accessories |
|
1.5% |
| Food Retailers & Wholesalers |
|
1.5% |
| Food Products |
|
1.5% |
| Asset Managers & Custodians |
|
1.4% |
| Conventional Electricity |
|
1.3% |
| Full Line Insurance |
|
1.2% |
| Specialty Chemicals |
|
1.2% |
| Water |
|
1.1% |
| Radio & TV Broadcasters |
|
1.1% |
| Travel & Tourism |
|
1.0% |
| Specialty Retailers |
|
1.0% |
| Chemicals: Diversified |
|
1.0% |
| Publishing |
|
1.0% |
| Professional Business Support Services |
|
0.9% |
| Office REITs |
|
0.9% |
| Diversified Industrials |
|
0.8% |
| Engineering & Contracting Services |
|
0.8% |
| Building Materials: Other |
|
0.8% |
| Nonferrous Metals |
|
0.8% |
| Copper |
|
0.7% |
| Medical Equipment |
|
0.6% |
| Computer Services |
|
0.5% |
| Oil: Crude Producers |
|
0.5% |
| Electronic Equipment: Gauges & Meters |
|
0.5% |
| Cash and Equivalents |
|
0.5% |
| Machinery: Specialty |
|
0.5% |
| Farming, Fishing, Ranching & Plantations |
|
0.4% |
| Investment Services |
|
0.4% |
| Hotels & Motels |
|
0.4% |
| Distillers & Vintners |
|
0.2% |
| Photography |
|
0.2% |
| Alternative Fuels |
|
0.1% |
| Nonequity Investment Instruments |
|
0.1% |
| Consumer Digital Services |
|
<0.1% |
| Non-Classified |
|
<0.1% |
Interactive Sector Breakdown
Drill down to specific information by clicking the folders.
Breakdown By Market Cap (%)
Top 10 Holdings
|
|---|
| Stock name | % Weight | Country | Sector |
| 1 | HSBC HOLDINGS | 7.8 %
| United Kingdom | Financials |
| 2 | BP | 6.7 %
| United Kingdom | Energy |
| 3 | ASTRAZENECA | 4.4 %
| United Kingdom | Health Care |
| 4 | MESOBLAST LIMITED | 4.2 %
| Australia | Health Care |
| 5 | IMPERIAL BRANDS | 3.4 %
| United Kingdom | Consumer Staples |
| 6 | GSK | 3.3 %
| United Kingdom | Health Care |
| 7 | NATIONAL GRID | 3.2 %
| United Kingdom | Utilities |
| 8 | ROYAL BANK OF SCOTLAND GROUP | 2.9 %
| United Kingdom | Financials |
| 9 | SHELL | 2.8 %
| United Kingdom | Energy |
| 10 | COMPASS GROUP | 2.3 %
| United Kingdom | Consumer Discretionary |
|
FL Dual Aspect Analysis
|
|---|
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total |
| Technology | 0.6%
| | | | | | | | | 0.6%
|
| Telecommunications | 1.5%
| | | | | | | | | 1.5%
|
| Financials | 23.0%
| 1.3%
| | | | | | | | 24.4%
|
| Real Estate | 0.9%
| | | | | | | | | 0.9%
|
| Consumer Discretionary | 10.5%
| 2.4%
| | | | | | | | 12.9%
|
| Consumer Staples | 11.0%
| | | | | | | | | 11.0%
|
| Energy | 10.1%
| | | | | | | | | 10.1%
|
| Utilities | 5.7%
| | | | | | | | | 5.7%
|
| Health Care | 13.4%
| 4.7%
| | | | | | | | 18.0%
|
| Industrials | 6.7%
| | | | | | | | | 6.7%
|
| Basic Materials | 5.0%
| 2.8%
| | | | | | | | 7.8%
|
| Cash and Equivalents | | | | | | | | | 0.5%
| 0.5%
|
| Non-Classified | | | | | | | | 0.0%
| | 0.0%
|
| Total | 88.3%
| 11.2%
| | | | | | 0.0%
| 0.5%
| 100.0%
|
Distribution Details
Distribution Type
Dividend
Distribution Payment Basis
Net
Charges
Discounted initial charge
0.000%
Net discounted AMC
0.750%
Annual Management Charge
1.50%
Ratings
Aims & Benchmark
Benchmark
FTSE All-Share Index
IA sector
UK All Companies
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 FTSE All-Share Index over any five-year period.
Fund Administration
Fund Trustee/Depository
The National Westminster Bank plc
Fund Custodian
State Street Bank and Trust Company
Fund Background
Valuation point
Daily 12:00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
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
Dealing
Settlement period: buy
3 days
Settlement period: sell
3 days
Data accurate at: 28/02/2025
Concentration Coefficient*
35
*A measure of portfolio concentration, e.g. where the fund coefficient is 25, this means the portfolio concentration is equivalent to holding 25 equally weighted stocks.
Risk Factors
Concentrated Portfolio
No
Investments Long Term
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.
-
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.
|
Banks
United Kingdom
Australia
Ireland
Isle of Man
Canada
Jersey
Cash and Equivalents
Germany
Non-Classified