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North America
M&G North American Value Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (1)
Latest factsheet
Jul 2026
Fund size
£370.3m
Yearly charge
0.95%
Manager fee
–
Income yield
0.89%
Holdings
84
Launched
1 Jul 2005
The fund aims to provide a combination of capital growth and income to deliver a return, net of the Ongoing Charge Figure, that is higher than that of the S&P 500 Index over any five-year period. At least 80% of the fund is invested in the shares of companies based, or doing most of their business, in the US and Canada. The fund manager employs a ‘value strategy’ that involves investing in cheap and out-of-favour companies whose share price he believes does not reflect accurately the valuation of the business. The fund manager seeks to identify companies which are, in their opinion at the time of investment, undervalued.
Daniel White (Fund manager) · Richard Halle (Deputy fund manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| +10.70% | +8.40% | +13.90% | +5.20% | +30.10% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Alphabet | 2.90% | |
| 2 | JP Morgan | 2.90% | |
| 3 | Cisco Systems | 2.50% | |
| 4 | Citigroup | 2.10% | |
| 5 | Salesforce.com Inc. | 1.90% | |
| 6 | Seagate Technology Holdings | 1.80% | |
| 7 | Exelon | 1.80% | |
| 8 | Wells Fargo & Company | 1.80% | |
| 9 | 3M | 1.80% | |
| 10 | Micron Technology | 1.70% |
Portfolio breakdown
Sector
| Financials | 16.10% | |
| Information technology | 15.40% | |
| Health care | 13.40% | |
| Industrials | 10.10% | |
| Consumer staples | 9.50% | |
| Communication services | 9.00% | |
| Cash | 6.20% | |
| Energy | 4.80% | |
| Utilities | 4.40% | |
| Materials | 4.30% | |
| Consumer discretionary | 4.10% | |
| Real Estate | 2.70% | |
| Other | 0.00% |
Geography
| US | 93.10% | |
| Cash | 6.20% | |
| Canada | 0.80% |
Market cap
| Mega cap (> $50bn) | 47.70% | |
| Large cap ($10 - $50bn) | 27.00% | |
| Mid cap ($2 - $10bn) | 17.70% | |
| Small cap (< $2bn) | 1.40% | |
| Cash | 6.20% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB00B0BHJD51 | – | acc | – | – | 0.95% | £500 |
| Sterling A Inc | GB00B0BHJC45 | – | inc | – | – | 0.95% | £500 |
| Sterling I Acc | GB00B61S4242 | – | acc | – | – | 0.55% | £500k |
| Sterling I Inc | GB00B77CF027 | – | inc | – | – | 0.55% | £500k |
| Sterling R Acc | GB00B6ZPPZ12 | – | acc | – | – | 0.80% | £500 |
| Sterling R Inc | GB00B778R828 | – | inc | – | – | 0.80% | £500 |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |