Prudential Artemis Strategic Bond S4

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

30/11/15
to
30/11/16
30/11/16
to
30/11/17
30/11/17
to
30/11/18
30/11/18
to
30/11/19
30/11/19
to
30/11/20
Fund 5.4% 5.4% -2.7% 4.6% 3.1%
Sector 3.1% 4.8% -2.9% 6.4% 4.3%
Rank 15/124 65/127 68/127 111/127 88/127
Quartile 1 3 3 4 3

Annualised performance

Annualised
3 Years to
30/11/20
5 Years to
30/11/20
10 Years to
30/11/20
Fund 1.6% 3.1% 3.5%
Sector 2.5% 3.1% 3.7%
Rank 105/127 74/124 84/103
Quartile 4 3 4

Top 10 Holdings

Stock % Weight
US TREASURY N/B 1.25% 08/31/2024 13.27
US TREASURY N/B 1.5% 02/15/2030 3.09
US TREASURY N/B 1.625% 09/30/2026 2.84
BNP PARIBAS 1.875% 12/14/2027 0.99
LA POSTE SA 3.125% PERP 0.96
COMCAST CORP 1.5% 02/20/2029 0.90
HSBC BANK PLC 1.1875% 0.90
TESCO PLC 6.15% 11/15/2037 0.87
ELECTRICITE DE FRANCE SA CALLABLE MEDIUM TERM NOTE VARIABLE 31/DEC/2049 GBP 100000 0.86
WELLS FARGO & COMPANY 2.5% 05/02/2029 0.85
Total 25.53

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Artemis Strategic Bond Fund - the underlying fund.

Underlying Fund Objective: The fund aims to achieve a combination of income and capital growth by investing predominantly in fixed income markets but may selectively invest in other markets. Equal emphasis is given to the security of capital and income although from time to time one may take prominence over the other in accordance with the strategy being pursued.

Fund Manager

James Foster manager of the underlying fund for 15 years and 5 months

Photo of James Foster James joined Artemis in April 2005 and manages the Artemis Strategic Bond Fund and the Artemis Monthly Distribution Fund which were launched in June 2005 and May 2012 respectively. He has over 25 years’ experience of managing bonds including gilt, index-linked and corporate bond funds. His career started at Sun Alliance Investment Management in 1989 where he went on to become a pioneer of retail bond funds in the UK, launching one of the first mainstream retail unit trusts in the asset class. Before joining Artemis, James also worked at Royal Sun Alliance Investment Management, Isis Asset Management and F&C Asset Management.

Alex Ralph manager of the underlying fund for 15 years and 5 months

Photo of Alex Ralph Alex runs the Artemis Strategic Bond Fund alongside James Foster and is the manager of the Artemis High Income Fund. She graduated in 2000 from the London School of Economics and joined Royal Sun Alliance, as a credit analyst. In 2002, Alex moved into managing retail bond funds with ISIS, initially specialising in the high-yield market but later adding duration and investment-grade positioning. Alex joined Artemis in April 2005 and is a CFA charterholder.

Fund Overview

Bid (30/11/2020) 173.70
Offer (30/11/2020) 182.90
Fund size (30/09/2020) £8.42m
Underlying Fund size £1758.86m
Number of holdings 165
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 0.10%
Yearly Total 1.70%

Asset Allocation

pie chart
  International Bonds 67.97%
  UK Corporate Bonds 25.82%
  Cash and Equivalents 6.22%
  International Equities 0.00%
Portfolio data accurate as at: 30/09/20

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

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 pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 67.97%
  UK Corporate Bonds 25.82%
  Cash and Equivalents 6.22%
  International Equities 0.00%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 93.78% - - -
 
Cash and Equivalents 6.22% - - -
 
Energy 0.00% - - -
 
Energy - 0.00% - -
 
Non-Renewable Energy - - 0.00% -
 
Oil Equipment & Services - - - 0.00%
 
Non-Classified 0.00% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 36.41%
  North America 27.49%
  UK 25.82%
  Cash and Equivalents 6.22%
  Non-Classified 1.95%
  Australia & New Zealand 1.49%
  Emerging Europe 0.62%

Fixed Interest Currencies

pie chart
  US Dollar 34.17%
  Pound Sterling 31.31%
  Euro 28.31%
  Cash 6.22%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 36.41% -
 
Netherlands - 9.51%
 
France - 9.15%
 
Germany - 3.91%
 
Luxembourg - 3.87%
 
Italy - 2.92%
 
Ireland - 1.60%
 
Denmark - 1.36%
 
Sweden - 0.92%
 
Switzerland - 0.77%
 
Portugal - 0.75%
 
Austria - 0.66%
 
Spain - 0.50%
 
Belgium - 0.49%
 
Norway - 0.00%
 
North America 27.49% -
 
United States - 27.49%
 
UK 25.82% -
 
United Kingdom - 25.82%
 
Cash and Equivalents 6.22% -
 
Non-Classified 1.95% -
 
Australia & New Zealand 1.49% -
 
Australia - 1.49%
 
Emerging Europe 0.62% -
 
Romania - 0.62%

Breakdown By Market Cap (%)

Bonds
 
 
93.78%
Cash
 
 
6.22%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
31.54%
5Yr - 10Yr Maturity
 
 
35.13%
10Yr - 15Yr Maturity
 
 
2.59%
> 15Yr Maturity
 
 
24.52%
Cash And Equivalents
 
 
6.22%

Fixed Interest Quality Profile

AAA
 
 
19.20%
AA
 
 
0.80%
A
 
 
12.87%
BBB
 
 
25.12%
Sub-Investment Grade
 
 
12.81%
Unknown Quality
 
 
22.99%
Cash and Equivalents
 
 
6.22%

Top 10 Holdings

Stock % Weight Sector Country
1 US TREASURY N/B 1.25% 08/31/2024 13.27% Bonds United States
2 US TREASURY N/B 1.5% 02/15/2030 3.09% Bonds United States
3 US TREASURY N/B 1.625% 09/30/2026 2.84% Bonds United States
4 BNP PARIBAS 1.875% 12/14/2027 0.99% Bonds France
5 LA POSTE SA 3.125% PERP 0.96% Bonds France
6 COMCAST CORP 1.5% 02/20/2029 0.90% Bonds United States
7 HSBC BANK PLC 1.1875% 0.90% Bonds United Kingdom
8 TESCO PLC 6.15% 11/15/2037 0.87% Bonds United Kingdom
9 ELECTRICITE DE FRANCE SA CALLABLE MEDIUM TERM NOTE VARIABLE 31/DEC/2049 GBP 100000 0.86% Bonds France
10 WELLS FARGO & COMPANY 2.5% 05/02/2029 0.85% Bonds United States

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Industry Classification Benchmark is a product of FTSE International Limited 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 pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B3BW0D8
Mex Code PUASTR
Isin Code GB00B3BW0D88
Citi Code D9V0

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 0.10%
Yearly Total 1.70%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Artemis Strategic Bond Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve a combination of income and capital growth by investing predominantly in fixed income markets but may selectively invest in other markets. Equal emphasis is given to the security of capital and income although from time to time one may take prominence over the other in accordance with the strategy being pursued.
Benchmark Markit iBoxx Sterling Non Gilts Overall
Sector ABI Sterling Strategic Bond

Ratings

FE Crown Crown Rating of 1

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs may vary in the future and may be higher than they are now.

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 pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Risk Analysis

Ratio Value
Alpha -0.43
Beta 0.77
Sharpe 0.00
Standard Deviation 4.33
Info Ratio -0.53

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds Yes
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 Liabilities No
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

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

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.

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

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The risk factor definitions are provided by Broadridge. 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. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

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 pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.