Global Dividend Fund

ISIN
GB00B39R2M86

Price (26.08.2016):
176.67

% Price Change
-0.13

Fund objective and approach

Fund objective

To deliver a dividend yield (annual income distributed as a percentage of the share price) above that of the market average by investing at least 70% of the Fund in company shares from around the world. It also aims to grow income distributions over the long term (that is, over five years or more) and deliver capital growth.

Investment policy

The Fund invests in the shares of companies with the potential to grow their dividends over the long term. The Fund may invest across a wide range of countries, sectors and company sizes. The fund manager selects stocks with different drivers of dividend growth to construct a fund that has the potential to cope in a variety of market conditions. Derivatives may be used to meet the Fund’s investment objective and to reduce risk, minimise costs and generate additional capital and/or income. Derivatives are financial instruments whose value is linked to the expected future price movements of an underlying asset. The Fund may also invest in other funds, other transferable securities (for example, investments similar to shares and fixed income securities), cash, warrants (allowing the fund manager to buy stocks for a fixed price until a certain date) and money market instruments (for example, debt securities that will be repaid in one year or less).

Investment approach

The M&G Global Dividend Fund employs a bottom-up stockpicking approach, driven by the fundamental analysis of individual companies. The fund manager seeks to invest in companies with excellent capital discipline and the potential for long-term dividend growth. The fund manager believes rising dividends create upward pressure on the value of shares. Dividend yield is not the primary consideration for stock selection.

The fund manager aims to create a diversified portfolio with exposure to a broad range of countries and sectors. He selects stocks with different drivers of dividend growth to construct a portfolio that has the potential to cope in a variety of market conditions. The fund will usually hold around 50 stocks, with a long-term investment view and a typical holding period of three to five years. When attempting to grow distributions over the long term, the fund manager’s main focus is on delivering an increase in sterling terms.

The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.

Performance

The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested. The level of any income earned by the fund will fluctuate. Past performance is not a guide to future performance. 

Source: Price: State Street. Performance: Morningstar. Performance figures are on a price to price basis with net income reinvested. Performance figures may not reflect all relevant charges.

Please note that the Morningstar Category performance data in this tool where shown, is from the default Morningstar database, which contains all the share classes for each fund available across Europe, Asia and Africa. This can differ from the comparative sector data in M&G factsheets which is from the same database, but showing only the most appropriate share class to represent each fund, and for just those funds available in Europe. Neither Morningstar nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web site, including, but not limited to Information originated by Morningstar, licensed by Morningstar from Information Providers, or gathered by Morningstar from publicly available sources. There may be delays, omissions, or inaccuracies in the Information.

 

News

  • M&G Investments // 24/06/2016

    Global Dividend Fund Update

    In this update, Fund Manager, Stuart Rhodes, discusses what the leave vote means for the M&G Global Dividend Fund. With 14% exposure to UK companies in the fund, Stuart explains how some of these are well established global companies that are simply listed in the UK.

      Read the full article

Fund Team

Stuart Rhodes

Stuart Rhodes - Fund manager

Stuart Rhodes has been the manager of the M&G Global Dividend Fund since its launch in July 2008. He was appointed deputy manager of the M&G North American Dividend Fund in April 2015. Stuart joined M&G in 2004 as a global equity analyst after graduating from Bath University with a degree in business administration. He is a CFA charterholder.

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Alex Araujo - Deputy Manager

Alex Araujo was appointed co-deputy fund manager of the M&G Global Dividend Fund in April 2016. Alex joined M&G in July 2015 as an embedded analyst with the Income team and has more than 20 years of experience in the financial markets. He was previously at Bank of Montreal where he specialised in US and Canadian equities. Alex graduated from the University of Toronto with an MA in economics and is a CFA charterholder.

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John Weavers

John Weavers - Deputy Manager

John Weavers has been the manager of the M&G North American Dividend Fund since April 2015. In January 2016, he was appointed deputy fund manager of the M&G Global Dividend Fund before being joined by Alex Araujo as co-deputy fund manager in April 2016. Prior to April 2015, John was deputy manager of the M&G Pan European Dividend Fund and the M&G Dividend Fund for two years. John 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 graduated from Oxford University with an honours degree in politics, philosophy and economics and is a CFA charterholder.

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Kotaro Miyata

Kotaro Miyata - Investment specialist

Kotaro Miyata is the investment specialist providing support for M&G's equity income range including M&G Global Dividend Fund, M&G North American Dividend Fund, M&G Pan European Dividend Fund and M&G Dividend Fund. Prior to joining M&G in 2006, he was a fund manager at Invesco Asset Management, where he was responsible for European and UK equities within the Global Equities team. Kotaro holds the Securities Institute Diploma and graduated from Oxford University in 1994 with a degree in classics.

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Ratings

Rating is at a share class level

2 Star Rating

Rating is at a fund level

Silver Standard

Ratings as at 31/07/2016. Copyright © 2015 Morningstar UK Limited. All Rights Reserved. Ratings should not be taken as a recommendation.

© 2016 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar Rating past performance is no guarantee of future results. For more detailed information about Morningstar Rating, including its methodology, please go to http://corporate.morningstar.com/US/documents/MethodologyDocuments/MethodologyPapers/MorningstarFundRating_Methodology.pdf For more detailed information about Morningstar's Analyst Rating, including its methodology, please go to http://corporate.morningstar.com/us/documents/MethodologyDocuments/AnalystRatingforFundsMethodology.pdf

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