M&G UK Income Distribution GBP I Inc (FUND:B70D579) - Fund price - Overview

Fund Report

M&G UK Income Distribution Fund Sterling I Inc

Key Stats
Morningstar® CategoryGBP Moderately Adventurous Allocation
Manager NameRichard Hughes
Inception Date03/08/2012
NAV 20/10/2017GBX 1,296.58
Day Change0.24%
12 Month Yield4.41%
ISINGB00B70D5799
SEDOLB70D579
Dividend FrequencyQuarterly
Net Assets (mil) 30/09/2017653.68 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.76%
AMC0.60%
Fund Rebate-

Morningstar Rating™

4 Stars

Morningstar Sustainability Rating

Average

Average


Sustainability Rating as of 31/08/2017

Benchmarks

Fund Benchmark

67% FTSE AllSh TR GBP, 33% FTSE Gilts All Stocks TR GBP

Morningstar® Benchmark

Not Categorized

Growth Of 10,000 (GBP) 30/09/2017

How has this security performed
20132014201520162017
Fund17.696.812.2712.636.06
Category14.605.402.3113.236.26
  • Fund: M&G UK Income Distribution Fund Sterling I Inc
  • Category: GBP Moderately Adventurous Allocation
  • Benchmark: Not Categorized
Trailing Returns % (GBP) 20/10/2017
FundCat
YTD7.808.61
3 Years Annualised9.9010.41
5 Years Annualised9.599.08
10 Years Annualised6.415.48

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

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.

Portfolio Profile30/09/2017

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks71.440.0071.44
Bonds20.140.0020.14
Cash3.591.881.71
Other6.710.006.71
Top Stock Regions
Region%
United Kingdom99.67
Canada0.24
United States0.09
Australasia0.01
Latin America0.00

Top Sectors

Stock Sector%
Financial Services20.88
Energy12.90
Consumer Defensive12.20
Consumer Cyclical11.64
Healthcare8.57
Fixed Income Sector%
Corporate Bond45.54
Preferred20.99
Government11.30
Cash & Equivalents7.23
Non-Agency Residential Mortgage Backed6.22
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
DecreaseBritish American Tobacco PLC Consumer Defensive4.66
BP PLC Energy4.57
Royal Dutch Shell PLC B Energy4.57
HSBC Holdings PLC Financial Services3.68
GlaxoSmithKline PLC Healthcare3.08
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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