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  • Investor type

    M&G Dividend Maximiser Fund Tax-free

    Latest Price

    -

    Who Should Invest

    This fund is ideal for investors with a medium-to-high risk tolerance looking for a combination of long-term high dividend yield and capital growth. This is achieved through local and global equity exposure. All growth in the underlying investment is fully exempt from any tax on interest, rental income, dividends or capital gains. 

    Risk Profile

    High Risk

    Investment Objective

    This fund aims to provide broad-based exposure to shares that offer value and medium- to long-term growth. The portfolio managers seek to invest in those companies where returns can be achieved from any or all of (a) growth in earnings, (b) growth in dividends and (c) a re-rating by the market of the company’s share price; however, the portfolio managers will have a bias towards investment in companies offering high but sustainable dividend yields.

    • Tax Free
    • High Risk
    • Long-Term Growth

    Details

    Performance

    All returns quoted are T-Class after fees and charges

    Min Lump Sum

    Investor Class (T): R10 000

    Min Debit Order

    Investor Class (T): R500 pm

    ASISA Category

    South African - Equity - General

    Benchmark

    ASISA South African – Equity - General Category Mean

    Inception Date

    02 August 1999

    Income Distributions

    Distributed bi-annually

    Awards

    Raging Bull and Morningstar/ Standard & Poor's

    Prices

    Date Unit Price

    Fees

    Initial Fees (excl. VAT):

    No initial fees charged

    Annual Management Fees (excl.VAT):

    Tax-Free Class (T): 1.25%

    • Fund Return

    • Benchmark Return

    • Outperformance

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    Fund Management Approach

    This fund is managed with an aggressive valuation-based investing approach. It invests in South African- and global-listed companies that pay high and sustainable dividends. The fund also seeks out “value situations” by investing in shares with low relative PE ratios as well as shares that are trading at a discount to their intrinsic value, while being mindful of appropriate risk levels. The intended maximum limits are: Equity: 100%; Listed Property: 10%; Offshore: 25%; Africa: 5% (excl. SA).

    Fund Managers

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