Global Dividend Fund

ISIN
GB00B39R2S49

Price (21.02.2018)
24.30

Objective and investment policy

Objective

The fund has three aims:
- To increase the income stream every year
- To provide a dividend yield above that available from the MSCI All Countries World Index over any five-year period
- To provide combined income and capital growth that is higher than that of the MSCI All Countries World Index over any five-year period.

Investment policy and strategy

Core investment: At least 70% of the fund is invested in the shares of companies from anywhere in the world.

Other investments: The fund may also hold cash or assets that can be turned into cash quickly.

Strategy in brief: The fund manager focuses on companies with the potential to grow their dividends over the long term and invests in company shares from across a wide range of countries, sectors and company sizes.

The fund 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. The fund invests with a long-term view of typically three to five years. When attempting to grow distributions, the fund manager’s main focus is on delivering an increase in sterling terms.

Risks associated with the fund

The value of investments and the income from them will rise and fall. This will cause the fund price, as well as any income paid by the fund, to fall as well as rise. There is no guarantee the fund will achieve its objective, and you may not get back the amount you originally invested.

Changes in currency exchange rates will affect the value of your investment.

The fund will invest in emerging markets which are generally smaller, more sensitive to economic and political factors, and where investments are less easily bought and sold. In exceptional circumstances, the fund may encounter difficulties when selling or collecting income from these investments, which could cause the fund to incur a loss. In extreme circumstances, it could lead to the temporary suspension of dealing in shares in the fund.

This fund holds a relatively small number of investments and, as a result, may experience larger price rises and falls than a fund which holds a larger number of investments.

Where market conditions make it hard to sell the fund’s investments at a fair price to meet customers’ sale requests, we may temporarily suspend dealing in the fund’s shares.

Some transactions the fund makes, such as placing cash on deposit, require the use of other financial institutions (for example, banks). If one of these institutions defaults on their obligations or becomes insolvent, the fund may incur a loss.

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. 

Source: Price: State Street. Performance: Morningstar. Performance figures are on a price to price basis with 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

  • Stuart Rhodes // 29/01/2018

    M&G Global Dividend Fund – Review of 2017

    Against a buoyant equity market in 2017, the fund experienced a positive year on the whole. Top performers and underperformers were more stock-specific in 2017 and not clustered around factor exposures. Methanex was the leading positive contributor as it benefited from a favourable backdrop for methanol, while Pandora was the biggest detractor as the market continued to be sceptical about its growth prospects.

      Read more

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.

 Team member biography

Alex Araujo - Deputy Manager

Alex Araujo was appointed manager of the M&G Global Listed Infrastructure Fund and the M&G (Lux) Global Listed Infrastructure Fund which were launched in October 2017. He joined M&G’s income team in July 2015 and was named co-deputy manager of the M&G Global Dividend Fund in April 2016. Alex has more than 20 years’ 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
John Weavers

John Weavers - Deputy Manager

John Weavers has been the fund 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. John is also the deputy fund manager for the M&G Global Listed Infrastructure Fund and the M&G (Lux) Global Listed Infrastructure Fund which were 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
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.

 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 {Fund_Summary_Date}. The Morningstar Overall Rating. Copyright © 2017 Morningstar UK Limited. All Rights Reserved. The Morningstar Analyst Rating™. © 2017 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 investors may not get back the original amount invested.