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M&G UK Income Distribution Fund I Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G
Fund Summary The Fund aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth. At least 70% of the Fund will be invested in UK equities. Exposure to UK equities may be gained by investing in other collective investment schemes. The Fund focuses on good-quality but undervalued stocks that offer a higher income than the FTSE All-Share Index by identifying those companies that exhibit the following qualities: strong business operations, good cash flows and attractive dividend growth prospects. The Fund may also invest in sterling-denominated fixed income securities. Cash and near cash may be held for ancillary purposes and derivatives may be used for efficient portfolio management and hedging purposes.
SEDOL code B7C4NQ5
ISIN GB00B7C4NQ54
Fund code MGETA
Managers Michael Stiasny
Manager Tenure 1 year
Morningstar Category Currently unavailable
IMA Sector UK Equity And Bond Income
Fund Size £610 million
Fund Type OEIC
Management Style Active
Total Expense Ratio (TER) 0.76%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £16.6834
Buy Price £16.6834
Price Change -0.425%
Price Date 20th May 2019
Yield 3.66%
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 30th June 2000
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: 0.641%

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +5.52% +0.60% +16.04% -1.58% +9.77% +9.27% +18.79% +7.07% +8.37% +37.13%
Benchmark Performance
+6.97% +0.57% +16.65% -1.54% +8.39%
Time Period Cumulative Benchmark Performance
Fund Compared to Benchmark
1 day 0.24% +0.48% -0.24%
1 week 0.93% +0.88% +0.06%
1 month -0.85% -0.48% -0.37%
3 months 3.60% +2.50% +1.10%
6 months 6.21% +4.49% +1.73%
1 year 0.55% +0.88% -0.33%
3 years 23.97% +26.01% -2.04%
5 years 30.24% +35.79% -5.55%
10 years 156.12% +122.71% +33.42%
YTD 9.99% +8.52% +1.47%
Since inception Currently unavailable Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
BP PLC GBR 5.95%
Royal Dutch Shell PLC B GBR 5.30%
Rio Tinto PLC GBR 3.75%
HSBC Holdings PLC GBR 3.50%
GlaxoSmithKline PLC GBR 3.34%
AstraZeneca PLC GBR 3.31%
British American Tobacco PLC GBR 2.67%
Vodafone Group PLC GBR 2.33%
Imperial Brands PLC GBR 2.21%
Legal & General Group PLC GBR 2.09%
Dividend Date Per share amount Reinvestment Price
1st March 2019 0.1125 £16.2332
3rd December 2018 0.1125 £15.8685
3rd September 2018 0.1175 £16.4048
1st June 2018 0.2612 £16.6896
1st March 2018 0.1160 £15.7229
1st December 2017 0.1150 £16.0173