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M&G UK Income Distribution Fund I Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Securities Ltd
Fund Summary 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. At least 70% of the Fund is invested directly in equities and equity-related instruments of companies across any sector and market capitalisation, that are incorporated, domiciled, listed or do most of their business in the UK. The Fund may invest in other transferable securities, including equities and equity-related instruments of non-UK companies, investment grade debt securities, and cash and near cash, directly or via funds (including funds managed by M&G). Debt securities are issued by companies, or issued or guaranteed by government or public issuers, located anywhere in the world, and will be denominated in GBP.
SEDOL code B7C4NQ5
ISIN GB00B7C4NQ54
Fund code MGETA
Managers Michael Stiasny
Manager Tenure 2 years
Morningstar Category GBP Moderately Adventurous Allocation
IMA Sector UK Equity And Bond Income
Fund Size £473 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.7%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £14.8330
Buy Price £14.8330
Price Change -0.6862%
Price Date 17th September 2020
Yield 4.29%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 4th February 2013
Fund Status OPEN
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 equity research team in 2004. 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 in 1997. He is a CFA charterholder.

3-year Mean Monthly Return: -0.123%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance -10.56% +1.95% +4.73% +15.18% +3.60% +4.32% +12.80% +17.50% +5.03% +19.31%
Benchmark Performance
(GBP Moderately Adventurous Allocation)
-0.33% +3.38% +4.48% +16.18% +2.07%
Time Period Cumulative Benchmark Performance
(GBP Moderately Adventurous Allocation)
Fund Compared to Benchmark
1 day -0.69% -1.75% +1.06%
1 week 0.69% +1.03% -0.34%
1 month -0.93% +3.41% -4.34%
3 months -3.21% +21.07% -24.27%
6 months 13.46% +0.92% +12.53%
1 year -12.94% +3.21% -16.15%
3 years -1.76% +6.30% -8.05%
5 years 2.62% +6.35% -3.73%
10 years 5.77% +5.01% +0.76%
YTD -17.55% +0.96% -18.51%
Since inception 5.29% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
GlaxoSmithKline PLC GBR 4.72%
AstraZeneca PLC GBR 4.50%
BP PLC GBR 4.32%
Rio Tinto PLC GBR 3.70%
British American Tobacco PLC GBR 3.22%
Vodafone Group PLC GBR 2.90%
Royal Dutch Shell PLC B GBR 2.53%
National Grid PLC GBR 2.33%
Imperial Brands PLC GBR 2.20%
Lloyds Banking Group PLC 9 1/4 % Non.Cum.Irrd.Pref.Shs GBR 2.10%
Dividend Date Per share amount Reinvestment Price
1st September 2020 0.1350 £14.5789
1st June 2020 0.2517 £15.0859
2nd March 2020 0.1235 £16.1985
2nd December 2019 0.1260 £17.4249
2nd September 2019 0.1285 £16.8686
3rd June 2019 0.3344 £16.3632