PIA Mellon Global Bond Ser B USD
Performance
Discrete Performance - to last month end
| 31/05/12 to 31/05/13 | 31/05/11 to 31/05/12 | 31/05/10 to 31/05/11 | 31/05/09 to 31/05/10 | 31/05/08 to 31/05/09 | |
|---|---|---|---|---|---|
| Fund | -3.39% | 2.30% | 12.03% | 4.16% | -0.17% |
| Sector | - | - | - | - | - |
| Rank | - | - | - | - | - |
| Quartile | - | - | - | - | - |
Annualised Performance
| 3Y | 5Y | 10Y | |
|---|---|---|---|
| Fund | 3.45% | 2.86% | - |
| Sector | - | - | - |
| Rank | - | - | - |
| Quartile | - | - | - |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| USA Treasury Notes 1.5% 31/08/2018 USD100 | 4.52 |
| USA Treasury Bonds 4.25% 15/05/2039 USD100 | 3.83 |
| USA Treasury Notes 2.125% 15/08/2021 USD100 | 3.79 |
| FMS Wertmanagement 3% Bds 08/09/2021 EUR100000 | 3.73 |
| Canada (Govt of) 2% Bds 01/06/2016 CAD1000 | 3.51 |
| France (Govt of) 2.25% Bds 25/10/2022 EUR1 | 3.41 |
| Norway (Kingdom of) 6.5% 15/05/2013 NOK1000 | 3.37 |
| USA Treasury Notes 1% 31/03/2017 USD100 | 3.13 |
| Mexico (United Mexican States) 6.5% Bds 09/06/2022 MXN100 | 2.74 |
| Belgium (Kingdom of) 3% Bds 28/09/2019 EUR0.01 '67' | 2.37 |
| Total | 34.41 |
Fund Aims
The fund aims to maximise total returns from income and capital growth by investing in international sovereign, government, agency, corporate, bank and asset backed debt and debt related securities. Derivatives may also be used for efficient portfolio management purposes.
Fund Manager
Paul came to the investment industry in 1984 and now has 24 years experience managing complex fixed income portfolios. He has held a number of senior fixed income positions within the industry which gives him a wide breadth of knowledge and experience in managing fixed income portfolios.
His early career was spent investing in high grade bonds with Credit Suisse and Barings. As head of retail fixed income at Investec Guinness Flight, Paul led the team that won the International Money Marketing “Fixed Interest Manager of the Year” in 2000.
Paul is Investment Leader of the Fixed Income Team and joined Newton in 2004.
Fund Overview
| Bid (19/06/2013) | 1.38 |
| Offer (19/06/2013) | 1.45 |
| Fund size | $0.94m |
| Underlying Fund size | $885.65m |
| Number of holdings | 85 |
| Annual management charge | 1.45% |
| Launch date | 28/10/2005 |
Equity Sector Allocation
| FTSE/ICB Supersector | % Weight |
|---|---|
| Government | 59.39 |
| Bonds | 34.64 |
| Investment Grade Corp Bonds | 5.70 |
| Cash and Equivalents | 1.44 |
| Non-Classified | -1.18 |
Important Information
Source of portfolio data: FundsLibrary. Source of performance data: Financial Express Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price. Performance figures show total return with gross income reinvested in the fund’s currency of denomination. The value of your investment may go down as well as up and your fund value may be less than the payments you have made. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on www.pru.co.uk. Every care has been taken in populating this output, however it must be appreciated that neither Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International Assurance plc is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Services Authority for UK business. The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International Assurance plc is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Services Authority for UK business.
Asset Allocation
| International Bonds | 93.20% | |
| UK Corporate Bonds | 3.32% | |
| UK Gilts | 3.22% | |
| Money Market | 0.74% | |
| Cash and Equivalents | 0.70% | |
| Other | -1.18% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 4.54% | - | - | - | |
| Banks | - | 4.54% | - | - | |
| Banks | - | - | 4.54% | - | |
| Banks | - | - | - | 4.54% | |
| Government | 56.52% | - | - | - | |
| Government | - | 56.52% | - | - | |
| Government | - | - | 56.52% | - | |
| Government | - | - | - | 56.52% | |
| Corporate Bonds | 4.03% | - | - | - | |
| Corporate Bonds | - | 4.03% | - | - | |
| Corporate Bonds | - | - | 4.03% | - | |
| Corporate Bonds | - | - | - | 4.03% | |
| Non-Classified | 33.46% | - | - | - | |
| Cash and Equivalents | 1.44% | - | - | - | |
Regional and Currency Allocation
| Developed Europe - Excl UK | 45.42% | |
| North America | 25.15% | |
| Emerging Europe | 7.09% | |
| Australia & New Zealand | 6.55% | |
| UK | 6.54% | |
| South & Central America | 4.23% | |
| Other | 5.03% |
| US Dollar | 33.78% | |
| Euro | 27.41% | |
| Pound Sterling | 8.04% | |
| Canadian Dollar | 7.11% | |
| Norwegian Krone | 5.24% | |
| Australian Dollar | 5.22% | |
| Other | 13.18% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 45.42% | - | |
Germany
|
- | 9.39% | |
Netherlands
|
- | 6.01% | |
France
|
- | 4.55% | |
Luxembourg
|
- | 4.52% | |
Italy
|
- | 4.40% | |
Norway
|
- | 3.98% | |
Sweden
|
- | 3.80% | |
Belgium
|
- | 3.78% | |
Austria
|
- | 2.70% | |
Finland
|
- | 2.28% | |
| North America | 25.15% | - | |
United States
|
- | 18.03% | |
Canada
|
- | 7.11% | |
| Emerging Europe | 7.09% | - | |
Czech Republic
|
- | 3.18% | |
Poland
|
- | 1.66% | |
Latvia
|
- | 1.17% | |
Lithuania
|
- | 1.08% | |
| Australia & New Zealand | 6.55% | - | |
Australia
|
- | 5.40% | |
New Zealand
|
- | 1.15% | |
| UK | 6.54% | - | |
United Kingdom
|
- | 6.54% | |
| South & Central America | 4.23% | - | |
Mexico
|
- | 2.74% | |
Colombia
|
- | 1.05% | |
Brazil
|
- | 0.44% | |
| Emerging Asia | 3.71% | - | |
Philippines
|
- | 1.87% | |
Malaysia
|
- | 1.84% | |
| Cash and Equivalents | 1.44% | - | |
| Developed Asia | 1.06% | - | |
Singapore
|
- | 1.06% | |
| Non-Classified | -1.18% | - | |
Breakdown By Market Cap (%)
| Mega |
|
0.00% |
| Large |
|
0.00% |
| Medium |
|
0.00% |
| Small |
|
0.00% |
| Micro |
|
0.00% |
| Non-Classified |
|
-1.18% |
| Bonds |
|
99.74% |
| Cash |
|
1.44% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
46.40% |
| 5Yr - 10Yr Maturity |
|
36.15% |
| 10Yr - 15Yr Maturity |
|
6.56% |
| > 15Yr Maturity |
|
10.63% |
| Cash And Equivalents |
|
1.44% |
| Unknown |
|
0.24% |
| Other |
|
-1.42% |
Fixed Interest Quality Profile
| AAA |
|
46.66% |
| AA |
|
11.52% |
| A |
|
4.05% |
| BBB |
|
17.68% |
| BB |
|
0.00% |
| B |
|
1.66% |
| CCC |
|
0.00% |
| Other |
|
18.43% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | USA Treasury Notes 1.5% 31/08/2018 USD100 | 4.52% | Bonds | United States |
| 2 | USA Treasury Bonds 4.25% 15/05/2039 USD100 | 3.83% | Bonds | United States |
| 3 | USA Treasury Notes 2.125% 15/08/2021 USD100 | 3.79% | Bonds | United States |
| 4 | FMS Wertmanagement 3% Bds 08/09/2021 EUR100000 | 3.73% | Bonds | Germany |
| 5 | Canada (Govt of) 2% Bds 01/06/2016 CAD1000 | 3.51% | Bonds | Canada |
| 6 | France (Govt of) 2.25% Bds 25/10/2022 EUR1 | 3.41% | Bonds | France |
| 7 | Norway (Kingdom of) 6.5% 15/05/2013 NOK1000 | 3.37% | Bonds | Norway |
| 8 | USA Treasury Notes 1% 31/03/2017 USD100 | 3.13% | Bonds | United States |
| 9 | Mexico (United Mexican States) 6.5% Bds 09/06/2022 MXN100 | 2.74% | Bonds | Mexico |
| 10 | Belgium (Kingdom of) 3% Bds 28/09/2019 EUR0.01 '67' | 2.37% | Bonds | Belgium |
Important Information
The Industry Classification Benchmark is a joint product of FTSE International Limited and Dow Jones & Company, Inc and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on www.pru.co.uk. Every care has been taken in populating this output, however it must be appreciated that neither Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges.
Identification Codes
| Sedol Code | B0MSS18 |
| Mex Code | SBMGBB |
| Isin Code | IE00B0MSS189 |
| Citi Code | TJ71 |
Charges
| Annual management charge | 1.45% |
Aims and Benchmark
| Benchmark | JP Morgan Global Govt Bond Index - unhedged USD |
| Aims | The fund aims to maximise total returns from income and capital growth by investing in international sovereign, government, agency, corporate, bank and asset backed debt and debt related securities. Derivatives may also be used for efficient portfolio management purposes. |
Fund Background
| Launch date | 28/10/2005 |
Ratings
| FE Crown |  |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | - |
| Beta | - |
| Sharpe | 0.00 |
| Standard Deviation | 6.02 |
| Info Ratio | - |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Porfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | Yes |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilites | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Value of Investments - The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term - Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate - This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk - This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Derivative Exposure - The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Offshore - The fund is not UK domiciled, and investors are not normally entitled to compensation through the UK Financial Services Compensation Scheme.
Income Eroding Capital Growth - The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilites - If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Solvency of Bond Issuers - If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed - What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation - Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief - Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by FundsLibrary. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Every care has been taken in populating this output, however it must be appreciated that neither Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from it's usage. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges.
