M&G (Lux) Global Dividend Fund

ISIN
LU1670710075

Price (14.10.2019)
10.09

% Price Change
0.92

Objective and investment policy

Objective

The fund has two aims:
- to provide a combination of capital growth and income to deliver a return that is higher than that of the global stockmarket over any five-year period;
- to increase the income stream every year in US dollar terms.

Investment policy and strategy

Core investment: At least 80% of the fund is invested in the shares of companies across any sector and of any size that are domiciled in any country, including emerging markets*. The fund usually holds shares in fewer than 50 companies.

Other investment: The fund also holds cash or assets that can be turned quickly into cash.

* Emerging market countries are defined as those included within the MSCI Emerging Markets Index and/or those included in the World Bank’s definition of developing economies, as updated from time to time.

Strategy in brief: The investment manager focuses on companies with the potential to grow their dividends over the long term. The investment manager selects stocks with different sources of dividend growth to build a fund that has the potential to cope in a variety of market conditions.

Performance comparator: The fund is actively managed. The MSCI All Countries World Index is a point of reference against which the performance of the fund may be measured.

Glossary terms

Dividends: A share in the profits of a company paid out to the shareholders at set times of the year.

Risks associated with the fund

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.

Investing in emerging markets involves a greater risk of loss due to greater political, tax, economic, foreign exchange, liquidity and regulatory risks, among other factors. There may be difficulties in buying, selling, safekeeping or valuing investments in such countries.

The fund holds a small number of investments, and therefore a fall in the value of a single investment may have a greater impact than if it held a larger number of investments.

In exceptional circumstances where assets cannot be fairly valued, or have to be sold at a large discount to raise cash, we may temporarily suspend the fund in the best interest of all investors.

The fund could lose money if a counterparty with which it does business becomes unwilling or unable to repay money owed to the fund.

Further details of the risks that apply to the fund can be found in the fund's Prospectus.

Other information

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.

On 01 January 2012, the fund’s performance comparative index changed.

Past performance shown from the date selected to 31 December 2011 is the FTSE World Index. Past performance shown from 01 January 2012 is the MSCI All Country World Index.


Source: Price: State Street. Performance: Morningstar. For non-Sterling share classes for fixed income and global convertibles funds, performance figures are shown on a price to price with gross income reinvested basis*. For equities and multi-asset funds, performance figures are shown on a price to price with net income reinvested basis. For Sterling share classes performance figures are on a price to price with net income reinvested basis. Performance figures may not reflect all relevant charges.

Fund Team

Stuart Rhodes

Stuart Rhodes - Fund manager

Stuart Rhodes was appointed deputy fund manager of the M&G (Lux) Global Themes Fund in March 2019 and has been the deputy fund manager of the UK-domiciled M&G Global Themes Fund since January 2019. Stuart has been the manager of the UK-domiciled M&G Global Dividend Fund since its launch in July 2008 and of the M&G (Lux) Global Dividend Fund since its launch in December 2018. He was appointed deputy manager of the M&G North American Dividend Fund in April 2015 and of the M&G (Lux) North American Dividend Fund in November 2018. 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.

 Team member biography
John Weavers

John Weavers - Deputy Manager

John Weavers has been the fund manager of the M&G (Lux) North American Dividend Fund since it launched in November 2018 and of the UK-authorised OEIC M&G North American Dividend Fund since April 2015. He became deputy fund manager of the M&G (Lux) Global Dividend Fund in September 2019 on launch, after having been appointed deputy fund manager of the UK-authorised M&G Global Dividend Fund in January 2016. John is also the deputy fund manager for the M&G (Lux) Global Listed Infrastructure Fund since it was launched in October 2017. Prior to April 2015, John was deputy fund 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.

 Team member biography

Alex Araujo - Deputy Manager

Alex Araujo has been manager of the M&G (Lux) Global Listed Infrastructure Fund since it launched in October 2017. He was appointed manager of the M&G (Lux) Global Themes Fund when the fund launched in March 2019. Alex initially joined M&G’s income team in July 2015 and became co-deputy manager of the M&G Global Dividend Fund, a UK-authorised OEIC fund, in April 2016 and of the M&G (Lux) Global Dividend Fund on launch in September 2018. Alex has 25 years of experience in financial markets, having previously worked at UBS and BMO Financial Group. He graduated from the University of Toronto with an MA in economics and is a CFA charterholder.

 Team member biography
Kotaro Miyata

Kotaro Miyata - Investment specialist

Kotaro Miyata is the investment specialist providing support for M&G's equity income fund range which includes the M&G Global Dividend Fund, as well as the M&G Global Listed Infrastructure Fund and the M&G (Lux) Global Listed Infrastructure Fund, which were launched in October 2017. 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.

 Team member biography

Ratings

Rating is at a share class level

3 Star Rating

Rating is at a fund level

Silver Standard

Ratings as at 31/07/2019. The Morningstar Overall Rating. Copyright © 2019 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2019 Morningstar. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Ratings should not be taken as recommendation.

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For Investment Professionals only. Not for onward distribution to any other type of client. No other persons should rely on the information contained on this website. Content should therefore be shared responsibly with other investment professionals. 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.