M&G (Lux) Pan European Dividend Fund

ISIN
LU1670711719

Price (24.05.2019)
16.27

% Price Change
0.67

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 European stockmarket over any five-year period;
- to increase the income stream every year in euro 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, or conducting the majority of their economic activity, in Europe. 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.

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

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 Europe 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.

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.

The hedging process seeks to minimise, but cannot eliminate, the effect of movements in exchange rates on the performance of the hedged share class. Hedging also limits the ability to gain from favourable movements in exchange rates.

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 comparator changed.

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

Phil Cliff

Phil Cliff - Fund manager

Phil Cliff joined M&G in January 2012 and was appointed fund manager of the M&G Pan European Dividend Fund in April 2012. He also became fund manager of the M&G European Select Fund in July 2017. Phil was previously Head of European equities at Occam Asset Management and prior to that managed pan European equity portfolios at Threadneedle, where he was AA-rated by Citywire.

 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

Bronze Standard

Ratings as at 31/01/2019. 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.