Pru Life Managed Income Bond B Acc (ex M&G)

Essentials Portfolio Analysis Background Data Risk Performance View PDF Factsheet

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 10.61% -3.75% 4.46% 23.11% -20.44%
Sector 13.92% -4.08% 8.65% 29.33% -21.52%
Rank 179/205 108/197 170/186 146/166 74/147
Quartile 4 3 4 4 2

Annualised Performance

3Y 5Y 10Y
Fund 3.60% 1.73% 5.67%
Sector 5.89% 3.80% 7.67%
Rank 166/186 138/147 79/80
Quartile 4 4 4

Top 10 Holdings

Stock % Weight
Northern Trust GBP Fund Class D 18.53
TREASURY BILL 9.45
UK TREASURY BILL GBP 4.03
MALAYSIAN GOVERNMENT 2.16
HSBC Holdings PLC (UK Reg) 1.37
BP 1.14
Samsung Electronics Co. 1.06
GlaxoSmithKline 1.01
4½% Treasury Gilt 2042 1.00
DB X-trackers MSCI Russia Capped Index ETF [LSE] 0.99
Total 40.75

Fund Aims

The investment strategy of the fund is to purchase units in the M&G Episode Growth Fund. That fund aims to maximise total return (the combination of income and growth of capital). The fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property mainly via collective investment schemes, but, with the exception of property, may invest directly in these assets. The fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management.

Fund Manager

Richard Halle manager for 2 years and 3 months

Photo of Richard Halle Richard Halle joined M&G in 1999 as a sector analyst focusing on insurance. Since 2002 he has been managing various institutional mandates on a European value strategy, and in 2008 he was appointed fund manager of the M&G European Strategic Value Fund. Before joining M&G, Richard worked as a security analyst for the Sedgwick Group. He graduated from the University of Natal in South Africa with a bachelor of commerce and is a chartered financial analyst (CFA) charterholder.

Juan Nevado manager for 2 years and 3 months

Photo of Juan Nevado Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. In January 2011, Juan was appointed co-manager of the M&G Episode Growth Fund, the M&G Episode Balanced Fund and the M&G Dynamic Allocation Fund. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.

Fund Overview

Bid (21/05/2013) 170.80
Offer (21/05/2013) 179.50
Fund size £27.65m
Underlying Fund size £945.02m
Number of holdings 60
Annual management charge 1.50%
Launch date 29/10/1993

Equity Sector Allocation

FTSE/ICB Supersector % Weight
Bonds 22.04
Government 20.28
Oil & Gas 6.59
Industrial Goods & Services 6.41
Banks 6.08
Personal & Household Goods 3.67
Health Care 3.65
Technology 3.57
Property 2.24
Other 25.47
Portfolio data accurate as at: 30/04/13

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.

Fund and X-Ray Asset Allocation

pie chart
  UK Equities 27.14%
  UK Corporate Bonds 24.34%
  International Equities 22.22%
  International Bonds 18.59%
  Property 3.15%
  Managed Funds 2.14%
  Other 2.43%
pie chart
  Managed Funds 55.60%
  Commodities 19.76%
  International Bonds 14.46%
  UK Corporate Bonds 4.03%
  International Equities 2.59%
  UK Gilts 1.77%
  Other 1.79%

X-Ray Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Basic Materials 0.15% - - -
 
 Basic Resources - 0.10% - -
 
 Industrial Metals & Mining - - 0.05% -
 
 Nonferrous Metals - - - 0.04%
 
 Iron & Steel - - - 0.01%
 
 Mining - - 0.04% -
 
 Gold Mining - - - 0.03%
 
 General Mining - - - 0.01%
 
 Forestry & Paper - - 0.01% -
 
 Paper - - - 0.01%
 
 Chemicals - 0.05% - -
 
 Chemicals - - 0.05% -
 
 Specialty Chemicals - - - 0.05%
 
 Consumer Goods 0.11% - - -
 
 Food & Beverage - 0.07% - -
 
 Food Producers - - 0.06% -
 
 Farming & Fishing - - - 0.04%
 
 Food Products - - - 0.02%
 
 Beverages - - 0.01% -
 
 Brewers - - - 0.01%
 
 Personal & Household Goods - 0.03% - -
 
 Household Goods & Home Construction - - 0.03% -
 
 Nondurable Household Products - - - 0.03%
 
 Consumer Services 0.13% - - -
 
 Travel & Leisure - 0.11% - -
 
 Travel & Leisure - - 0.11% -
 
 Travel & Tourism - - - 0.07%
 
 Gambling - - - 0.04%
 
 Media - 0.02% - -
 
 Media - - 0.02% -
 
 Broadcasting & Entertainment - - - 0.02%
 
 Retail - 0.01% - -
 
 Food & Drug Retailers - - 0.01% -
 
 Drug Retailers - - - 0.01%
 
 Financials 1.29% - - -
 
 Real Estate - 1.00% - -
 
 Real Estate Investment Trusts - - 0.92% -
 
 Retail REITs - - - 0.40%
 
 Industrial & Office REITs - - - 0.37%
 
 Specialty REITs - - - 0.10%
 
 Residential REITs - - - 0.05%
 
 Hotel & Lodging REITs - - - 0.01%
 
 Real Estate Investment & Services - - 0.08% -
 
 Real Estate Holding & Development - - - 0.08%
 
 Financial Services - 0.13% - -
 
 Financial Services - - 0.08% -
 
 Specialty Finance - - - 0.08%
 
 Mortgage Finance - - - 0.00%
 
 Consumer Finance - - - 0.00%
 
 Banks - 0.12% - -
 
 Banks - - 0.12% -
 
 Banks - - - 0.12%
 
 Insurance - 0.03% - -
 
 Life Insurance - - 0.02% -
 
 Life Insurance - - - 0.02%
 
 Nonlife Insurance - - 0.01% -
 
 Reinsurance - - - 0.01%
 
 Health Care 0.14% - - -
 
 Health Care - 0.14% - -
 
 Pharmaceuticals & Biotechnology - - 0.09% -
 
 Pharmaceuticals - - - 0.09%
 
 Health Care Equipment & Services - - 0.05% -
 
 Medical Equipment - - - 0.05%
 
 Industrials 0.14% - - -
 
 Industrial Goods & Services - 0.13% - -
 
 General Industrials - - 0.08% -
 
 Diversified Industrials - - - 0.08%
 
 Containers & Packaging - - - 0.00%
 
 Support Services - - 0.02% -
 
 Business Support Services - - - 0.02%
 
 Industrial Transportation - - 0.02% -
 
 Transportation Services - - - 0.02%
 
 Electronic & Electrical Equipment - - 0.02% -
 
 Electrical Components & Equipment - - - 0.02%
 
 Construction & Materials - 0.01% - -
 
 Construction & Materials - - 0.01% -
 
 Building Materials & Fixtures - - - 0.01%
 
 Oil & Gas 0.12% - - -
 
 Oil & Gas - 0.12% - -
 
 Oil Equipment, Services & Distribution - - 0.06% -
 
 Oil Equipment & Services - - - 0.06%
 
 Oil & Gas Producers - - 0.06% -
 
 Oil & Gas Exploration & Production - - - 0.06%
 
 Technology 0.13% - - -
 
 Technology - 0.13% - -
 
 Software & Computer Services - - 0.09% -
 
 Computer Services - - - 0.06%
 
 Software - - - 0.02%
 
 Technology Hardware & Equipment - - 0.05% -
 
 Semiconductors - - - 0.02%
 
 Telecommunications Equipment - - - 0.02%
 
 Telecommunications 0.12% - - -
 
 Telecommunications - 0.12% - -
 
 Mobile Telecommunications - - 0.09% -
 
 Mobile Telecommunications - - - 0.09%
 
 Fixed Line Telecommunications - - 0.03% -
 
 Fixed Line Telecommunications - - - 0.03%
 
 Utilities 0.01% - - -
 
 Utilities - 0.01% - -
 
 Electricity - - 0.01% -
 
 Conventional Electricity - - - 0.01%
 
 Equities 49.36% - - -
 
 Government 20.28% - - -
 
 Government - 20.28% - -
 
 Government - - 20.28% -
 
 Government - - - 20.28%
 
 Corporate Bonds 1.01% - - -
 
 Corporate Bonds - 1.01% - -
 
 Corporate Bonds - - 1.01% -
 
 Corporate Bonds - - - 1.01%
 
 Property 2.24% - - -
 
 Property - 2.24% - -
 
 Property - - 2.24% -
 
 Property - - - 2.24%
 
 Managed Funds 2.14% - - -
 
 Managed Funds - 2.14% - -
 
 Managed Funds - - 2.14% -
 
 Managed Funds - - - 2.14%
 
 Non-Classified 22.20% - - -
 
 Cash and Equivalents 0.44% - - -

X-Ray Regional and X-Ray Currency Allocation

pie chart
  UK 53.25%
  North America 21.62%
  Emerging Asia 8.56%
  Developed Europe - Excl UK 7.10%
  Property 3.15%
  Managed Fund 2.14%
  Other 4.19%
pie chart
  Non-debt 54.87%
  Unrecognised 19.07%
  US Dollar 11.25%
  Pound Sterling 6.89%
  Euro 3.09%
  Malaysian Ringgit 2.16%
  Other 2.67%

X-Ray Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 53.25% -
 
 United Kingdom - 53.25%
 
 North America 21.62% -
 
 United States - 20.57%
 
 Canada - 1.05%
 
 Bermuda - 0.01%
 
 Emerging Asia 8.56% -
 
 South Korea - 3.71%
 
 Malaysia - 2.17%
 
 Indonesia - 1.87%
 
 India - 0.34%
 
 Taiwan - 0.25%
 
 Philippines - 0.08%
 
 Thailand - 0.06%
 
 China - 0.05%
 
 Papua New Guinea - 0.03%
 
 Developed Europe - Excl UK 7.10% -
 
 Ireland - 1.15%
 
 Germany - 1.09%
 
 Italy - 1.07%
 
 France - 0.79%
 
 Luxembourg - 0.70%
 
 Netherlands - 0.57%
 
 Switzerland - 0.48%
 
 Sweden - 0.37%
 
 Austria - 0.23%
 
 Belgium - 0.16%
 
 Spain - 0.13%
 
 Norway - 0.13%
 
 Denmark - 0.13%
 
 Finland - 0.09%
 
 Greece - 0.01%
 
 Property 3.15% -
 
 Managed Fund 2.14% -
 
 Non-Classified 1.36% -
 
 Developed Asia 1.29% -
 
 Hong Kong - 0.82%
 
 Singapore - 0.47%
 
 Australia & New Zealand 0.75% -
 
 Australia - 0.71%
 
 New Zealand - 0.04%
 
 Cash and Equivalents 0.44% -
 
 Middle East & Africa 0.12% -
 
 South Africa - 0.07%
 
 Israel - 0.03%
 
 Zambia - 0.01%
 
 South & Central America 0.09% -
 
 Brazil - 0.09%
 
 Mexico - 0.00%
 
 Japan 0.08% -
 
 Japan - 0.08%
 
 Emerging Europe 0.06% -
 
 Turkey - 0.02%
 
 Croatia - 0.02%
 
 Poland - 0.02%
 
 Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
20.32%
Large
 
 
8.89%
Medium
 
 
9.37%
Small
 
 
4.92%
Micro
 
 
1.96%
Non-Classified
 
 
9.41%
Bonds
 
 
44.69%
Cash
 
 
0.44%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
22.94%
5Yr - 10Yr Maturity
 
 
0.81%
10Yr - 15Yr Maturity
 
 
0.00%
> 15Yr Maturity
 
 
1.90%
Cash And Equivalents
 
 
0.44%
Unknown
 
 
20.08%
Other
 
 
53.83%

Fixed Interest Quality Profile

AAA
 
 
6.28%
AA
 
 
0.21%
A
 
 
11.79%
BBB
 
 
2.52%
BB
 
 
2.37%
B
 
 
1.28%
CCC
 
 
0.29%
Other
 
 
75.27%

Top 10 Fund Holdings

Name % Weight Sector Country
1 Northern Trust GBP Fund Class D 18.53% Managed Funds Managed Funds
2 TREASURY BILL 9.45% Bonds United States
3 iShares FTSE 100 8.41% Non-Classified Non-Classified
4 iShares S&P 500 7.05% Non-Classified Non-Classified
5 M&G Smaller Companies Class A 5.42% Managed Funds Managed Funds
6 M&G Recovery Class C 4.46% Managed Funds Managed Funds
7 UK TREASURY BILL GBP 4.03% Bonds United Kingdom
8 M&G UK Growth Class A 3.59% Managed Funds Managed Funds
9 M&G High Yield Corporate Bond Class X 3.38% Managed Funds Managed Funds
10 iShares MSCI Korea 3.31% Non-Classified Non-Classified

X-Ray Top 10 Holdings

Stock % Weight Sector Country
1 Northern Trust GBP Fund Class D 18.53% Bonds United Kingdom
2 TREASURY BILL 9.45% Bonds United States
3 UK TREASURY BILL GBP 4.03% Bonds United Kingdom
4 MALAYSIAN GOVERNMENT 2.16% Bonds Malaysia
5 HSBC Holdings PLC (UK Reg) 1.37% Banks United Kingdom
6 BP 1.14% Oil & Gas United Kingdom
7 Samsung Electronics Co. 1.06% Personal & Household Goods South Korea
8 GlaxoSmithKline 1.01% Health Care United Kingdom
9 4½% Treasury Gilt 2042 1.00% Bonds United Kingdom
10 DB X-trackers MSCI Russia Capped Index ETF [LSE] 0.99% Non-Classified Non-Classified
Portfolio data accurate as at: 30/04/13

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 0557487
Mex Code MGMINT
Isin Code GB0005574875
Citi Code MA84

Charges

Annual management charge 1.50%

Aims and Benchmark

Benchmark FTSE World Index GBP
ABI Sector Flexible Investment
Aims The investment strategy of the fund is to purchase units in the M&G Episode Growth Fund. That fund aims to maximise total return (the combination of income and growth of capital). The fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property mainly via collective investment schemes, but, with the exception of property, may invest directly in these assets. The fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management.

Fund Background

Launch date 29/10/1993

Ratings

FE Crown Crown Rating of 1

Risk Analysis

Ratio Value
Alpha -1.59
Beta 0.89
Sharpe 0.01
Standard Deviation 9.76
Info Ratio -0.82

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
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 No
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
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

Charges to Capital - Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

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.

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.