M&G North American Value I

Aims to outperform the S&P500 over a market cycle using a value approach.

  • 2588.43p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 2924.45p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.93%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 2.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 January 2021

Fund summary

Sector North America
Structure OEIC
Launched August, 2012
Size £208m
Yield 2.00%
Charging basis Income
Dividends paid 31 Oct

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.93%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The Fund aims to achieve long-term capital growth through investment in North American securities of North American companies using a value based investment philosophy.

Manager research

Average monthly relative returns

  • 16/17 0.38%
  • 17/18 -0.23%
  • 18/19 -0.62%
  • 19/20 -0.74%
  • 20/21 -1.21%

Bestinvest MRI

  • 3 years -0.86%
  • 5 years -0.48%
  • Career -0.38%
  • 3 years 1.50%
  • 5 years 7.90%
  • Career 7.40%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Daniel White

White joined M&G in 2005 as a sector analyst covering banks. He was appointed dedicated analyst for the M&G European Strategic Value Fund upon the fund's launch in February 2008, and subsequently became deputy fund manager in 2009 and finally co-fund manager in 2011. He previously worked at Deloitte & Touche as an accountant. He graduated from the University of Southampton with a BSc in oceanography in 2001. In 2005, he qualified as a chartered accountant and is also a chartered financial analyst (CFA) charterholder

Track record

Daniel White has 7.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.38%. During the worst period of relative performance (from July 2014 - August 2020) there was a decline of 36% relative to the index. The worst absolute loss has been 21%.

Periods of worst performance

Absolute -21.00% (July 2019 - March 2020)
Relative -36.00% (July 2014 - August 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2020

3.8% Alphabet Inc
3.5% Johnson & Johnson
3.2% Pfizer Inc
3.2% Bristol Myers Squibb Sa
3.2% Comcast Corp(New)
3% Oracle Corp
3% Cisco Systems Inc
3% Jpmorgan Chase & Co
2.9% Exelon Corp
2.8% Anthem Inc
Source: Trustnet

Sector breakdown

Health Care 17.00%
Information Technology 15.00%
Communications 13.00%
Financials 12.00%
Industrials 9.00%
Consumer Staples 8.00%
Consumer Discretionary 8.00%
Energy 6.00%
Money Market 5.00%
Materials 4.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download