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M&G UK Income Distribution Fund I Inc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider M&G Securities Ltd
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 B70D579
ISIN GB00B70D5799
Fund code MGETI
Managers Michael Stiasny
Manager Tenure 2 years
Morningstar Category GBP Moderately Adventurous Allocation
IMA Sector UK Equity And Bond Income
Fund Size £495 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 £10.4501
Buy Price £10.4501
Price Change -0.7173%
Price Date 22nd May 2020
Yield 5.78%
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: -0.021%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund Performance -15.01% +5.53% +0.61% +16.04% -1.58% +9.79% +9.28% +18.80% +7.09% +8.40%
Benchmark Performance
(GBP Moderately Adventurous Allocation)
-8.04% +3.97% +1.40% +17.37% -2.93%
Time Period Cumulative Benchmark Performance
(GBP Moderately Adventurous Allocation)
Fund Compared to Benchmark
1 day -0.72% -5.99% +5.28%
1 week 1.81% +3.75% -1.95%
1 month 2.69% -6.24% +8.94%
3 months -18.05% -3.99% -14.05%
6 months -15.64% +2.15% -17.80%
1 year -12.41% +2.47% -14.88%
3 years -2.93% +4.33% -7.26%
5 years 0.72% +6.57% -5.84%
10 years 6.63% +4.72% +1.90%
YTD -18.77% +1.10% -19.87%
Since inception 5.30% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
BP PLC GBR 4.76%
Royal Dutch Shell PLC B GBR 4.25%
GlaxoSmithKline PLC GBR 3.72%
AstraZeneca PLC GBR 3.49%
HSBC Holdings PLC GBR 3.08%
Rio Tinto PLC GBR 2.89%
Vodafone Group PLC GBR 2.61%
British American Tobacco PLC GBR 2.52%
Legal & General Group PLC GBR 2.29%
Imperial Brands PLC GBR 2.28%
Dividend Date Per share amount Reinvestment Price
2nd March 2020 0.1095 £11.5849
2nd December 2019 0.1085 £12.5795
2nd September 2019 0.1085 £12.2828
3rd June 2019 0.2932 £12.0198
1st March 2019 0.1050 £12.2147
3rd December 2018 0.1050 £12.0428