Pru Life Investec American S4
Performance
Discrete Performance - to last month end
| 30/04/12 to 30/04/13 | 30/04/11 to 30/04/12 | 30/04/10 to 30/04/11 | 30/04/09 to 30/04/10 | 30/04/08 to 30/04/09 | |
|---|---|---|---|---|---|
| Fund | 7.33% | -7.46% | 0.75% | 31.18% | - |
| Sector | 14.12% | 2.78% | 4.00% | 32.11% | -13.16% |
| Rank | 245/257 | 247/251 | 229/243 | 125/228 | - |
| Quartile | 4 | 4 | 4 | 3 | - |
Annualised Performance
| 3Y | 5Y | 10Y | |
|---|---|---|---|
| Fund | 0.02% | - | - |
| Sector | 6.85% | 6.95% | 5.78% |
| Rank | 242/243 | - | - |
| Quartile | 4 | - | - |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Medtronic | 4.92 |
| Zimmer Holdings | 4.57 |
| Merck & Co. | 3.96 |
| Washington Post Co. Cl B | 3.82 |
| Avon Products | 3.75 |
| Cisco Systems | 3.55 |
| Symantec Corp. | 3.48 |
| Johnson & Johnson | 3.46 |
| Pfizer | 3.45 |
| Wal-Mart Stores | 3.41 |
| Total | 38.36 |
Fund Aims
The investment strategy of the fund is to purchase units in the Investec American Fund. That fund aims to achieve long term capital growth primarily through investment in a portfolio of equities issued by USA companies and in derivatives the underlying assets of which are equities issued by USA companies.
Fund Manager
Mark is a portfolio manager for the Contrarian team at Investec Asset Management. Mark has responsibility for our Global and US Contrarian strategies, and since August 2012 assumed co-portfolio management of the Investec American Fund, leveraging the team’s global expertise and impressive track. Mark joined Investec Asset Management in August 2005 from UBS Wealth Management, where he was Head of UK Research. Prior to this, he was a Portfolio Manager at Cavendish Asset Management. He began his career as an accountant at KPMG. Mark graduated from the London School of Economics in 1991 with a Bachelor of Science degree in Economics, and has a Masters degree in Finance from London Business School. Mark is a member of the Chartered Financial Analyst (CFA) Institute.
Alastair is Head of Contrarian at Investec Asset Management having joined in 2000 from Morley Fund Management. Alastair manages a number of funds including the award winning Investec Cautious Managed Fund, Investec UK Special Situations Fund, and also manages the Temple Bar Investment Trust. Since August 2012, Alastair assumed co-portfolio management of the Investec American Fund, leveraging the team’s global expertise and impressive track record. Alastair graduated from City University in 1988 with a Bachelor of Science degree in Actuarial Science.
Fund Overview
| Bid (17/05/2013) | 151.90 |
| Offer (17/05/2013) | 159.80 |
| Fund size | £0.51m |
| Underlying Fund size | £240.47m |
| Number of holdings | 36 |
| Annual management charge | 1.85% |
| Launch date | 20/10/2008 |
Equity Sector Allocation
| FTSE/ICB Supersector | % Weight |
|---|---|
| Health Care | 22.71 |
| Technology | 19.10 |
| Cash and Equivalents | 8.44 |
| Travel & Leisure | 8.25 |
| Retail | 7.15 |
| Basic Resources | 6.75 |
| Personal & Household Goods | 6.69 |
| Media | 6.07 |
| Oil & Gas | 5.11 |
| Other | 9.73 |
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 net income reinvested in GBP. The value of your investment may go down as well as up and the 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 is at Laurence Pountney Hill, London EC4R 0HH. Registered number 15454. The registered office of Prudential is at Laurence Pountney Hill, London EC4R 0HH. Registered number 15454.
Asset Allocation
| International Equities | 91.56% | |
| Cash and Equivalents | 8.44% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Basic Materials | 6.75% | - | - | - | |
| Basic Resources | - | 6.75% | - | - | |
| Mining | - | - | 6.75% | - | |
| Gold Mining | - | - | - | 6.75% | |
| Consumer Goods | 9.87% | - | - | - | |
| Personal & Household Goods | - | 6.69% | - | - | |
| Personal Goods | - | - | 3.75% | - | |
| Personal Products | - | - | - | 3.75% | |
| Household Goods & Home Construction | - | - | 2.94% | - | |
| Nondurable Household Products | - | - | - | 1.67% | |
| Home Construction | - | - | - | 1.27% | |
| Food & Beverage | - | 3.19% | - | - | |
| Food Producers | - | - | 3.19% | - | |
| Food Products | - | - | - | 3.19% | |
| Consumer Services | 21.47% | - | - | - | |
| Travel & Leisure | - | 8.25% | - | - | |
| Travel & Leisure | - | - | 8.25% | - | |
| Recreational Services | - | - | - | 4.74% | |
| Airlines | - | - | - | 2.20% | |
| Travel & Tourism | - | - | - | 1.30% | |
| Retail | - | 7.15% | - | - | |
| General Retailers | - | - | 7.15% | - | |
| Broadline Retailers | - | - | - | 3.41% | |
| Specialty Retailers | - | - | - | 2.35% | |
| Home Improvement Retailers | - | - | - | 1.39% | |
| Media | - | 6.07% | - | - | |
| Media | - | - | 6.07% | - | |
| Publishing | - | - | - | 3.82% | |
| Media Agencies | - | - | - | 2.25% | |
| Health Care | 22.71% | - | - | - | |
| Health Care | - | 22.71% | - | - | |
| Health Care Equipment & Services | - | - | 11.84% | - | |
| Medical Equipment | - | - | - | 9.49% | |
| Health Care Providers | - | - | - | 2.35% | |
| Pharmaceuticals & Biotechnology | - | - | 10.87% | - | |
| Pharmaceuticals | - | - | - | 10.87% | |
| Industrials | 4.62% | - | - | - | |
| Industrial Goods & Services | - | 4.62% | - | - | |
| Aerospace & Defence | - | - | 2.83% | - | |
| Defence | - | - | - | 2.83% | |
| General Industrials | - | - | 1.79% | - | |
| Diversified Industrials | - | - | - | 1.79% | |
| Oil & Gas | 5.11% | - | - | - | |
| Oil & Gas | - | 5.11% | - | - | |
| Oil Equipment, Services & Distribution | - | - | 3.83% | - | |
| Oil Equipment & Services | - | - | - | 3.83% | |
| Oil & Gas Producers | - | - | 1.28% | - | |
| Oil & Gas Exploration & Production | - | - | - | 1.28% | |
| Technology | 19.10% | - | - | - | |
| Technology | - | 19.10% | - | - | |
| Technology Hardware & Equipment | - | - | 12.60% | - | |
| Telecommunications Equipment | - | - | - | 7.17% | |
| Computer Hardware | - | - | - | 3.06% | |
| Semiconductors | - | - | - | 2.38% | |
| Software & Computer Services | - | - | 6.50% | - | |
| Software | - | - | - | 3.48% | |
| Computer Services | - | - | - | 3.02% | |
| Utilities | 1.93% | - | - | - | |
| Utilities | - | 1.93% | - | - | |
| Electricity | - | - | 1.93% | - | |
| Conventional Electricity | - | - | - | 1.93% | |
| Cash and Equivalents | 8.44% | - | - | - | |
Regional Allocation
| North America | 91.56% | |
| Cash and Equivalents | 8.44% |
| Non-debt | 99.11% | |
| US Dollar | 0.89% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 91.56% | - | |
United States
|
- | 87.67% | |
Canada
|
- | 3.88% | |
| Cash and Equivalents | 8.44% | - | |
Breakdown By Market Cap (%)
| Mega |
|
35.32% |
| Large |
|
39.81% |
| Medium |
|
11.44% |
| Small |
|
3.28% |
| Micro |
|
0.00% |
| Non-Classified |
|
1.72% |
| Bonds |
|
0.00% |
| Cash |
|
8.44% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Medtronic | 4.92% | Health Care | United States |
| 2 | Zimmer Holdings | 4.57% | Health Care | United States |
| 3 | Merck & Co. | 3.96% | Health Care | United States |
| 4 | Washington Post Co. Cl B | 3.82% | Media | United States |
| 5 | Avon Products | 3.75% | Personal & Household Goods | United States |
| 6 | Cisco Systems | 3.55% | Technology | United States |
| 7 | Symantec Corp. | 3.48% | Technology | United States |
| 8 | Johnson & Johnson | 3.46% | Health Care | United States |
| 9 | Pfizer | 3.45% | Health Care | United States |
| 10 | Wal-Mart Stores | 3.41% | Retail | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| Basic Materials | - | 6.75% | - | - | - | - | - | - | - | 6.75% |
| Consumer Goods | - | 9.87% | - | - | - | - | - | - | - | 9.87% |
| Consumer Services | - | 21.47% | - | - | - | - | - | - | - | 21.47% |
| Financials | - | - | - | - | - | - | - | - | - | - |
| Health Care | - | 22.71% | - | - | - | - | - | - | - | 22.71% |
| Industrials | - | 4.62% | - | - | - | - | - | - | - | 4.62% |
| Oil & Gas | - | 5.11% | - | - | - | - | - | - | - | 5.11% |
| Technology | - | 19.10% | - | - | - | - | - | - | - | 19.10% |
| Telecommunications | - | - | - | - | - | - | - | - | - | - |
| Utilities | - | 1.93% | - | - | - | - | - | - | - | 1.93% |
| Property | - | - | - | - | - | - | - | - | - | - |
| Cash and Equivalents | - | - | - | - | - | - | - | - | 8.44% | 8.44% |
| Managed Funds | - | - | - | - | - | - | - | - | - | - |
| Bonds | - | - | - | - | - | - | - | - | - | - |
| Non-Classified | - | - | - | - | - | - | - | - | - | - |
| Commodities | - | - | - | - | - | - | - | - | - | - |
| Alternative Trading Strategies | - | - | - | - | - | - | - | - | - | - |
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 | B3BW469 |
| Mex Code | PUITCA |
| Isin Code | GB00B3BW4693 |
| Citi Code | DAD7 |
Charges
| Annual management charge | 1.85% |
Aims and Benchmark
| Benchmark | S&P 500 NR |
| ABI Sector | North America Equities |
| Aims | The investment strategy of the fund is to purchase units in the Investec American Fund. That fund aims to achieve long term capital growth primarily through investment in a portfolio of equities issued by USA companies and in derivatives the underlying assets of which are equities issued by USA companies. |
Fund Background
| Launch date | 20/10/2008 |
Ratings
| FE Crown |  |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -7.76 |
| Beta | 1.28 |
| Sharpe | -0.01 |
| Standard Deviation | 16.93 |
| Info Ratio | -0.96 |
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 | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilites | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| 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.
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.
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.
