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Fund name
Aberdeen American Growth  
Fidelity American  
Schroder UK Mid 250  
M&G Recovery  
Jupiter Merlin UK Growth  
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Contact details

M&G Group, Laurence Pountney Hill, London, EC4R 0HH
0800 328 3196 (Dealing)
20 7626 4588 (Enquiries)
0870 043 4200 (Fax Number)
0800 328 3191 (IFA Support)
0800 390 390 (Main Number)

Fund managers

* Phil Cliff02-Apr-2012 to Present
Stuart Rhodes»01-Apr-2012 to Present
John Weavers»01-Apr-2013 to Present
Richard Halle»18-Jul-2008 to 01-Apr-2012

Investment objectives

The Fund aims to deliver a dividend yield above the market average, by investing mainly in a range of European equities. The Fund aims to increase distributions over the long term whilst also maximising total return (the combination of income and growth of capital).

Key Information

Fund vs sector

  1y 3y
Position 10 / 13 9 / 13
Quartile 3 3

Fund ratings

SilverS&P Rating
FE Crown Rating: 3 FE Crown Rating


  1y 3y
Volatility 11.48 14.36
Alpha -3.91 0.36
Beta 1.09 0.95
Sharpe 0.00 0.28
Info Ratio -1.00 0.01
R2 0.96 0.95
Quartiles:   1  2  3  4   help with ratios
vs. Europe Including UK»
performance chart
ACC +0.9+24.3+46.5+30.4-5.5+9.1+8.0
  EUROPE INCLUDING UK   +3.3+24.8+58.2+31.7-8.2+11.6+13.6
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G PAN EUROPEAN DIVIDEND I ACC GBP ACC 1304.31 (p) 01-Aug-2014 3.58 1.00% 0ZFG B74YXH4
pdf M&G PAN EUROPEAN DIVIDEND I INC GBP INC 1220.38 (p) 01-Aug-2014 3.77 1.00% 0ZFH B45BZT9
pdf M&G PAN EUROPEAN DIVIDEND R ACC GBP ACC 129.61 (p) 01-Aug-2014 3.60 1.24% 0ZFI B7J9DT6
pdf M&G PAN EUROPEAN DIVIDEND R INC GBP INC 121.40 (p) 01-Aug-2014 3.78 1.24% 0ZFJ B7R77Y5
pdf M&G PAN EUROPEAN DIVIDEND C GR ACC EUR ACC 14.42 (EUR) 01-Aug-2014 3.38 0.99% CCE9 B39R4J9
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf M&G PAN EUROPEAN DIVIDEND A ACC GBP ACC 138.17 (p) 01-Aug-2014 3.62 1.74% CCE6 B39R4F5
pdf M&G PAN EUROPEAN DIVIDEND A INC GBP INC 112.95 (p) 01-Aug-2014 3.81 1.74% CCE7 B39R4G6
pdf M&G PAN EUROPEAN DIVIDEND A GR ACC EUR ACC 13.77 (EUR) 01-Aug-2014 3.40 1.75% CCE8 B39R4H7
pdf M&G PAN EUROPEAN DIVIDEND A INC EUR INC 13.02 (EUR) 01-Aug-2014 3.47 1.75% JD0E B955DL4

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£59.5m / $100.4m (31-May-14)
Savings plan Fund has Savings Plan Minimum: £ 500.0 Monthly Launch18-Jul-2008
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 500
Minimum additional£ 100
Initial charge4.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarInternational Financial Data Services (UK) Ltd
Dividend policyFeb 01 (Final), Aug 01
Peer groups
Region Asset Class Investment Focus Sector
Europe Equity Mixed Europe Including UK
Largest holdings, 31-May-2014
Holding (%) Rank Fund factsheet Equity factsheet
NOVARTIS AG 3.88 1 - -
REED ELSEVIER 3.33 2 - *
ROCHE HLDG AG 3.21 3 - -
SANOFI 2.94 6 - -
NORDEA BANK AB 2.82 7 - -
HSBC HLDGS 2.80 8 - *
HUGO BOSS AG 2.75 9 - -
Regional weightings, 31-May-2014
UK37.241 37.24% UK
Switzerland10.892 10.89% Switzerland
Others10.693 10.69% Others
Netherlands8.854 8.85% Netherlands
France7.205 7.20% France
Germany7.126 7.12% Germany
Sweden5.607 5.60% Sweden
Finland5.188 5.18% Finland
Money Market4.209 4.20% Money Market
Norway3.0310 3.03% Norway
Sector weightings, 31-May-2014
Financials28.051 28.05% Financials
Consumer Discretionary18.802 18.80% Consumer Discretionary
Health Care14.093 14.09% Health Care
Materials11.694 11.69% Materials
Industrials11.105 11.10% Industrials
Energy6.546 6.54% Energy
Consumer Staples5.537 5.53% Consumer Staples
Money Market4.208 4.20% Money Market

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Asset allocation

UK Equities, 37.24%
37.2400% ofUK Equities
Swiss Equities, 10.89%
10.8900% ofSwiss Equities
International Equities, 10.69%
10.6900% ofInternational Equities
Dutch Equities, 8.85%
8.8500% ofDutch Equities
French Equities, 7.20%
7.2000% ofFrench Equities
German Equities, 7.12%
7.1200% ofGerman Equities
Swedish Equities, 5.60%
5.6000% ofSwedish Equities
Finnish Equities, 5.18%
5.1800% ofFinnish Equities
Money Market, 4.20%
4.2000% ofMoney Market
Norwegian Equities, 3.03%
3.0300% ofNorwegian Equities

FE Adviser Fund Index

Sector analysis


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