Morningstar Fund Report  | 05/04/2025Print

M&G North American Dividend Fund Sterling I Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
M&G North American Dividend Fund Sterling I Acc
Fund30.5-4.717.021.3-8.4
+/-Cat3.9-9.613.55.6-5.6
+/-B’mrk--15.117.43.3-6.7
 
Category: US Equity Income
Category Benchmark: Morningstar US High Div Yld...
Key Stats
NAV
04/04/2025		 GBX 5150.21
Day Change -3.36%
Morningstar Category™ US Equity Income
IA (formerly IMA) Sector North America
ISIN GB00B7565G26
Fund Size (Mil)
03/04/2025		 GBP 828.15
Share Class Size (Mil)
03/04/2025		 GBP 397.79
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.55%
Investment Objective: M&G North American Dividend Fund Sterling I Acc
The Fund has two aims: to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the S&P 500 Index over any five-year period and; to provide an income stream that increases every year in USD terms. At least 80% of the Fund is invested directly in equity securities and equity-related securities of companies across any sector and market capitalisation that are incorporated, domiciled or do most of their business in the US and Canada. The Fund usually holds a concentrated portfolio of fewer than 50 companies.
Returns
Trailing Returns (GBP)04/04/2025
YTD-13.36
3 Years Annualised6.27
5 Years Annualised15.46
10 Years Annualised12.31
12 Month Yield 0.94
Management
Manager Name
Start Date
John Weavers
28/04/2015
Inception Date
03/08/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500 TR GBPMorningstar US High Div Yld NR USD
Portfolio Profile for  M&G North American Dividend Fund Sterling I Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.810.0097.81
Bond0.060.000.06
Property0.000.000.00
Cash2.150.042.10
Other0.020.000.02
Top 5 Regions%
United States94.75
Canada3.65
Asia - Developed1.60
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Financial Services24.73
Technology20.20
Healthcare16.02
Communication Services10.52
Consumer Cyclical9.18
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology7.44
Meta Platforms Inc Class ACommunication ServicesCommunication Services5.49
UnitedHealth Group IncHealthcareHealthcare5.32
Broadcom IncTechnologyTechnology4.29
Mastercard Inc Class AFinancial ServicesFinancial Services4.21
Increase Decrease New since last portfolio
M&G North American Dividend Fund Sterling I Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  M&G North American Dividend Fund Sterling I Acc
Category:  US Equity Income
Category Index:  Morningstar US High Div Yld NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-0.6126.0810.1330.47-4.7016.9621.25-8.43
+/- Category0.525.7610.423.88-9.6413.535.61-5.62
+/- Category Index0.548.0013.48--15.1417.393.27-6.73
% Rank in Category368318854491
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.36   -0.112.24
1 Week-7.81   -3.89-2.51
1 Month-12.13   -3.99-3.05
3 Months-14.02   -6.87-5.48
6 Months-7.98   -5.66-4.97
YTD-13.36   -7.30-6.19
1 Year-2.47   -4.35-3.32
3 Years Annualised6.27   0.531.20
5 Years Annualised15.46   0.931.97
10 Years Annualised12.31   2.402.48
 
Category: US Equity Income
Category Index: Morningstar US High Div Yld NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-8.43---
20248.251.791.538.39
2023-0.225.740.5810.21
2022-2.06-6.882.262.18
20217.026.942.7610.93
2020-15.3318.623.565.88
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAbove Average5 star
5-YearHighAverage5 star
10-YearHighHigh5 star
Overall*HighAbove Average5 star
 
Category :  US Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.58 %
3-Yr Mean Return8.94 %
 
3-Yr Sharpe Ratio0.37
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US High Div Yld NR USD  Morningstar US Market Ext NR USD
3-Yr Beta0.830.83
3-Yr Alpha1.260.17
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 180772-
Market Capitalisation% of Equity
Giant40.34
Large35.65
Medium16.22
Small7.79
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings21.691.21
Price/Book4.681.40
Price/Sales2.261.05
Price/Cash Flow15.191.22
Dividend-Yield Factor1.920.80
 
Long-Term Projected Earnings Growth10.031.14
Historical Earnings Growth27.344.22
Sales Growth9.851.64
Cash-Flow Growth1.290.41
Book-Value Growth10.991.65
 
Category: US Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.810.0097.81
Bond0.060.000.06
Property0.000.000.00
Cash2.150.042.10
Other0.020.000.02
World Regions28/02/2025
 % of EquityRelative to Category
United States94.750.97
Canada3.655.50
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed1.605.78
Asia - Emerging0.00-
 
Category: US Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials1.070.32
Consumer CyclicalConsumer Cyclical9.181.13
Financial ServicesFinancial Services24.731.39
Real EstateReal Estate5.442.11
HealthcareHealthcare16.021.28
UtilitiesUtilities3.970.72
Communication ServicesCommunication Services10.521.61
EnergyEnergy4.360.86
IndustrialsIndustrials4.530.45
TechnologyTechnology20.201.02
 
Category: US Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings47
Total Number of Bond Holdings0
Assets in Top 10 Holdings43.72
NameSectorCountry% of Assets
Microsoft Corp311United States7.44
Meta Platforms Inc Class A308United States5.49
UnitedHealth Group Inc206United States5.32
Broadcom Inc311United States4.29
Mastercard Inc Class A103United States4.21
NextEra Energy Inc207United States3.88
Visa Inc Class A103United States3.82
Alphabet Inc Class A308United States3.25
JPMorgan Chase & Co103United States3.06
Ares Management Corp Ordinary Shares ... 103United States2.95
 
Increase Decrease New since last portfolio
Category: US Equity Income
 
Management
Name of CompanyM&G Securities Ltd
Phone+44 (0)800 390 390
Websitewww.mandg.co.uk
Address10 Fenchurch Avenue
 London   EC3M 5AG
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date03/08/2012
Fund Advisor(s)
M&G Investment Management Limited
Fund ManagerJohn Weavers
Manager Start Date28/04/2015
Career Start Year2007
Education
2006, University of Oxford, M.S.
 
Biography
John Weavers joined M&G as a graduate in 2007 and worked as an analyst in the Equity Research team before joining the Income team in January 2012. He is manager and deputy manager of various equity income strategies. John graduated from Oxford University with an honours degree in Politics, Philosophy and Economics and is a CFA charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.55%
Ongoing Charge0.55%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional10000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes