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North America
M&G North American Dividend Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (1)
Latest factsheet
Jul 2026
Fund size
£803.9m
Yearly charge
0.55%
Manager fee
–
Income yield
0.96%
Holdings
45
Launched
28 Apr 2015
The fund aims to provide: a combination of capital growth and income, net of the Ongoing Charge Figure, that is higher than that of the S&P 500 Index over any five-year period; and an income distribution that increases every year in USD terms. At least 80% of the fund is invested in the shares of North American companies. The fund is concentrated and usually holds fewer than 50 companies. The fund manager selects stocks with different drivers of dividend growth to build a portfolio that has the potential to cope in a variety of market conditions.
John Weavers (Fund manager) · Stuart Rhodes (Deputy fund manager)
Calendar-year performance
| 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| +12.10% | +2.50% | +22.10% | +10.30% | +9.60% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Microsoft | 10.00% | |
| 2 | Broadcom | 5.40% | |
| 3 | Seagate Technology Holdings | 4.60% | |
| 4 | Meta Platforms | 4.50% | |
| 5 | Alphabet | 4.40% | |
| 6 | Nextera Energy | 4.10% | |
| 7 | Ares Management | 4.10% | |
| 8 | Abbott Laboratories | 4.00% | |
| 9 | Royal Caribbean Cruises | 3.70% | |
| 10 | Visa | 3.30% |
Portfolio breakdown
Sector
| Information technology | 28.70% | |
| Financials | 22.10% | |
| Health care | 13.40% | |
| Communication services | 12.20% | |
| Consumer discretionary | 7.90% | |
| Utilities | 5.60% | |
| Energy | 3.20% | |
| Industrials | 2.40% | |
| Real Estate | 2.00% | |
| Materials | 1.50% | |
| Cash | 1.10% | |
| Consumer staples | 0.00% | |
| Other | 0.00% |
Geography
| US | 96.70% | |
| Canada | 2.20% | |
| Cash | 1.10% |
Market cap
| Mega cap (> $50bn) | 84.70% | |
| Large cap ($10 - $50bn) | 8.90% | |
| Mid cap ($2 - $10bn) | 5.30% | |
| Small cap (< $2bn) | 0.00% | |
| Cash | 1.10% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB0030926843 | – | acc | No | – | 0.95% | £500 |
| Sterling A Inc | GB0030926736 | – | inc | No | – | 0.95% | £500 |
| Sterling I Acc | GB00B7565G26 | – | acc | No | – | 0.55% | £500k |
| Sterling I Inc | GB00B7F5Y731 | – | inc | No | – | 0.55% | £500k |
| Sterling I-H Acc | GB00BJXT4930 | – | acc | Yes | – | 0.58% | £500k |
| Sterling I-H Inc | GB00BJXT6X13 | – | inc | Yes | – | 0.58% | £500k |
| Sterling R Acc | GB00B57X0X93 | – | acc | No | – | 0.80% | £500 |
| Sterling R Inc | GB00B6SK8985 | – | inc | No | – | 0.80% | £500 |
| – | GB00BK7XX462 | – | – | – | – | – | – |
| – | GB00BJXT6Z37 | – | – | – | – | – | – |
| – | GB00BG03XY55 | – | – | – | – | – | – |
| – | GB00BJXT6Y20 | – | – | – | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |