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UK Equity Income
M&G Equities Investment Fund for Charities (Charifund)
Managed by M&G Securities Limited
Latest factsheet
Jul 2026
Fund size
£903.9m
Yearly charge
0.47%
Manager fee
–
Income yield
4.97%
Holdings
91
Launched
1 Mar 1960
The fund aims to provide: an annual yield above that available from the FTSE All-Share Index; an income stream that increases every year; and a level of capital growth, net of the Ongoing Charge Figure, that is higher than inflation over any ten-year period, as measured by the UK Retail Prices Index. At least 70% of the fund is invested in the shares of UK companies, with a focus on high-yielding stocks where the companies have the potential to grow their dividends over the long term. There is no guarantee that the fund will achieve its objective over this, or any other, period and investors may not get back the original amount they invested.
Michael Stiasny (Fund manager) · Elina Symon (Deputy fund manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| +3.20% | +0.50% | +15.90% | +9.00% | +27.00% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | HSBC | 9.90% | |
| 2 | Shell | 5.60% | |
| 3 | Astrazeneca | 4.60% | |
| 4 | Rio Tinto | 4.00% | |
| 5 | BP | 4.00% | |
| 6 | Lloyds Banking Group | 3.90% | |
| 7 | National Grid | 3.90% | |
| 8 | Glaxosmithkline | 3.90% | |
| 9 | Natwest | 2.90% | |
| 10 | Legal & General | 2.70% |
Portfolio breakdown
Sector
| Financials | 42.00% | |
| Energy | 12.10% | |
| Health care | 9.30% | |
| Utilities | 8.20% | |
| Consumer discretionary | 6.20% | |
| Basic materials | 6.10% | |
| Real Estate | 4.80% | |
| Industrials | 3.70% | |
| Technology | 2.50% | |
| Consumer staples | 2.30% | |
| Telecommunications | 2.30% | |
| Cash | 0.60% |
Market cap
| Large | 62.50% | |
| Medium | 21.40% | |
| Small | 4.80% | |
| Preference shares | 1.00% | |
| FTSE AIM | 1.60% | |
| Non-FTSE All-Share | 8.10% | |
| Cash | 0.60% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling Acc | GB0005497416 | – | acc | – | – | 0.47% | – |
| Sterling Inc | GB0005494629 | – | inc | – | – | 0.47% | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |