Pru Life M&G Gilt & Fixed Interest Inc Acc (ex M&G)
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 | -1.11% | 9.71% | 3.85% | 4.40% | 10.87% |
| Sector | -0.32% | 10.59% | 3.39% | 5.57% | 7.20% |
| Rank | 91/93 | 89/90 | 53/88 | 21/83 | 67/78 |
| Quartile | 4 | 4 | 3 | 1 | 4 |
Annualised Performance
| 3Y | 5Y | 10Y | |
|---|---|---|---|
| Fund | 4.06% | 5.45% | 3.51% |
| Sector | 4.46% | 5.22% | 3.26% |
| Rank | 87/88 | 71/78 | 51/52 |
| Quartile | 4 | 4 | 4 |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 2¼% Treasury Gilt 2014 | 19.51 |
| 2% Treasury Gilt 2016 | 13.66 |
| 1% Treasury Gilt 2017 | 8.07 |
| 3½% War Loan | 6.68 |
| 6% Treasury Stock 2028 | 5.07 |
| 4 1/2 Treasury 2034 | 4.35 |
| 3¾% Treasury Gilt 2052 | 3.82 |
| 4¼% Treasury Gilt 2055 | 3.54 |
| 8% Treasury Stock 2021 | 2.60 |
| BARCLAYS BANK PLC | 2.40 |
| Total | 69.70 |
Fund Aims
The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts. The fund invests mainly in short, medium or long-dated gilts according to M&G's view at any given moment of the likely course of interest rates and trend of the gilt-edged market.
Fund Manager
Jim Leaviss is Head of Fixed Interest for M&G's mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund, the M&G Gilt and Fixed Interest Fund and co-manager on the M&G Inflation Linked Corporate Bond funds.
Fund Overview
| Bid (17/06/2013) | 1029.80 |
| Offer (17/06/2013) | 1081.40 |
| Fund size | £28.93m |
| Underlying Fund size | £853.01m |
| Number of holdings | 31 |
| Annual management charge | 1.00% |
| Launch date | 11/02/1997 |
Equity Sector Allocation
| FTSE/ICB Supersector | % Weight |
|---|---|
| Government | 69.34 |
| Bonds | 18.79 |
| Investment Grade Corp Bonds | 11.92 |
| Cash and Equivalents | -0.05 |
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
| UK Gilts | 80.76% | |
| UK Corporate Bonds | 10.40% | |
| International Bonds | 8.89% | |
| Cash and Equivalents | -0.05% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 5.36% | - | - | - | |
| Banks | - | 5.36% | - | - | |
| Banks | - | - | 5.36% | - | |
| Banks | - | - | - | 5.36% | |
| Industrials | 3.60% | - | - | - | |
| Industrial Goods & Services | - | 3.60% | - | - | |
| Industrial Transportation | - | - | 3.60% | - | |
| Railroads | - | - | - | 2.77% | |
| Transportation Services | - | - | - | 0.83% | |
| Government | 67.09% | - | - | - | |
| Government | - | 67.09% | - | - | |
| Government | - | - | 67.09% | - | |
| Government | - | - | - | 67.09% | |
| Corporate Bonds | 5.20% | - | - | - | |
| Corporate Bonds | - | 5.20% | - | - | |
| Corporate Bonds | - | - | 5.20% | - | |
| Corporate Bonds | - | - | - | 5.20% | |
| Non-Classified | 18.79% | - | - | - | |
| Cash and Equivalents | -0.05% | - | - | - | |
Regional and Currency Allocation
| UK | 91.16% | |
| Developed Europe - Excl UK | 6.54% | |
| North America | 2.36% | |
| Cash and Equivalents | -0.05% |
| Pound Sterling | 99.88% | |
| Unrecognised | 0.18% | |
| Cash | -0.05% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 91.16% | - | |
United Kingdom
|
- | 91.16% | |
| Developed Europe - Excl UK | 6.54% | - | |
Germany
|
- | 3.11% | |
Luxembourg
|
- | 2.25% | |
Finland
|
- | 1.17% | |
| North America | 2.36% | - | |
United States
|
- | 2.36% | |
| Cash and Equivalents | -0.05% | - | |
Breakdown By Market Cap (%)
| Mega |
|
0.00% |
| Large |
|
0.00% |
| Medium |
|
0.00% |
| Small |
|
0.00% |
| Micro |
|
0.00% |
| Non-Classified |
|
0.00% |
| Bonds |
|
100.05% |
| Cash |
|
-0.05% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
63.82% |
| 5Yr - 10Yr Maturity |
|
4.81% |
| 10Yr - 15Yr Maturity |
|
0.00% |
| > 15Yr Maturity |
|
31.25% |
| Cash And Equivalents |
|
-0.05% |
| Unknown |
|
0.18% |
| Other |
|
0.00% |
Fixed Interest Quality Profile
| AAA |
|
95.28% |
| AA |
|
4.60% |
| A |
|
0.00% |
| BBB |
|
0.00% |
| BB |
|
0.00% |
| B |
|
0.00% |
| CCC |
|
0.00% |
| Other |
|
0.13% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 2¼% Treasury Gilt 2014 | 19.51% | Bonds | United Kingdom |
| 2 | 2% Treasury Gilt 2016 | 13.66% | Bonds | United Kingdom |
| 3 | 1% Treasury Gilt 2017 | 8.07% | Bonds | United Kingdom |
| 4 | 3½% War Loan | 6.68% | Bonds | United Kingdom |
| 5 | 6% Treasury Stock 2028 | 5.07% | Bonds | United Kingdom |
| 6 | 4 1/2 Treasury 2034 | 4.35% | Bonds | United Kingdom |
| 7 | 3¾% Treasury Gilt 2052 | 3.82% | Bonds | United Kingdom |
| 8 | 4¼% Treasury Gilt 2055 | 3.54% | Bonds | United Kingdom |
| 9 | 8% Treasury Stock 2021 | 2.60% | Bonds | United Kingdom |
| 10 | BARCLAYS BANK PLC | 2.40% | Bonds | United Kingdom |
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 | 0548890 |
| Mex Code | MGGTA |
| Isin Code | GB0005488902 |
| Citi Code | MG92 |
Charges
| Annual management charge | 1.00% |
Aims and Benchmark
| Benchmark | No benchmark applicable |
| ABI Sector | UK Gilts |
| Aims | The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts. The fund invests mainly in short, medium or long-dated gilts according to M&G's view at any given moment of the likely course of interest rates and trend of the gilt-edged market. |
Fund Background
| Launch date | 11/02/1997 |
Ratings
| OBSR |  |
| FE Crown |  |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.27 |
| Beta | 0.97 |
| Sharpe | 0.13 |
| Standard Deviation | 4.27 |
| Info Ratio | -0.48 |
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 | 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 | Yes |
| 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.
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.
Liquidity - This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
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.
