Prudential Dividend Bond (ex M&G)

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

Performance

Discrete performance - to last month end

31/10/15
to
31/10/16
31/10/16
to
31/10/17
31/10/17
to
31/10/18
31/10/18
to
31/10/19
31/10/19
to
31/10/20
Fund 7.6% 7.7% -3.5% 4.4% -19.8%
Sector 8.8% 9.7% -2.6% 4.1% -22.1%
Rank 87/151 118/153 103/155 91/156 61/156
Quartile 3 4 3 3 2

Annualised performance

Annualised
3 Years to
31/10/20
5 Years to
31/10/20
10 Years to
31/10/20
Fund -6.9% -1.3% 3.3%
Sector -7.6% -1.2% 3.3%
Rank 79/155 86/151 75/131
Quartile 3 3 3

Top 10 Holdings

Stock % Weight
BRITISH AMERICAN TOBACCO 5.08
ASTRAZENECA 5.04
RIO TINTO 5.02
BP 3.81
IMPERIAL BRANDS 3.65
GVC HLDGS 3.50
GLAXOSMITHKLINE 3.43
NATIONAL GRID 3.36
PHOENIX GROUP HLDGS 2.76
SMITH(DS) 2.10
Total 37.75

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Dividend Fund - the underlying fund.

Underlying Fund Objective: The fund invests mainly in a range of UK equities with the aim of achieving a steadily increasing income stream. The fund will target a yield higher than that of the FTSE All-Share Index. Subject to this, the aim will be to maximise total return (the combination of income and growth of capital).

Fund Manager

Michael Stiasny manager of the underlying fund for 1 years and 8 months

Photo of Michael Stiasny Michael Stiasny is the fund manager of Charifund and, since 1 April 2018, of the M&G UK Income Distribution Fund. He is also deputy fund manager of both the M&G Recovery Fund and the M&G Global Recovery Fund. He joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in 2005. He was appointed deputy fund manager of the M&G Recovery Fund in 2011. Michael graduated with a degree in philosophy, politics and economics from the University of Oxford. He is a CFA charterholder.

James Taylor manager of the underlying fund for 1 years and 3 months

Photo of James Taylor James Taylor was appointed deputy fund manager of the M&G Dividend Fund in August 2019. He joined M&G in 2014 as a graduate before becoming an embedded analyst in the Income team in January 2016 where he supported the managers of the M&G UK Select, M&G Dividend and M&G Pan-European Dividend funds. In March 2019, the M&G UK Select Fund and the M&G Dividend Fund were transferred to the UK Equities team and James moved across with them. He graduated from the University of Bath with a BSc in Business Administration, and has passed all three levels of the CFA program.

Fund Overview

Bid (26/11/2020) 110.60
Offer (26/11/2020) 116.20
Fund size (30/09/2020) £4.30m
Underlying Fund size £876.52m
Number of holdings 85
Launch date 20/04/1994

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.06%
Yearly Total 1.06%

Asset Allocation

pie chart
  UK Equities 85.07%
  International Equities 9.46%
  Property 3.53%
  Investment Trusts 1.96%
  Cash and Equivalents -0.02%
Portfolio data accurate as at: 31/10/20

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
  UK Equities 85.07%
  International Equities 9.46%
  Property 3.53%
  Investment Trusts 1.96%
  Cash and Equivalents -0.02%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 25.71% - - -
 
Insurance - 14.08% - -
 
Life Insurance - - 8.24% -
 
Life Insurance - - - 8.24%
 
Non-life Insurance - - 5.84% -
 
Property & Casualty Insurance - - - 5.26%
 
Full Line Insurance - - - 0.59%
 
Financial Services - 7.33% - -
 
Investment Banking & Brokerage Services - - 5.37% -
 
Asset Managers & Custodians - - - 4.64%
 
Investment Services - - - 0.73%
 
Equity Investment Instruments - - 1.96% -
 
Equity Investment Instruments - - - 1.96%
 
Banks - 4.31% - -
 
Banks - - 4.31% -
 
Banks - - - 4.31%
 
Consumer Discretionary 14.88% - - -
 
Travel & Leisure - 4.48% - -
 
Travel & Leisure - - 4.48% -
 
Casinos & Gambling - - - 3.98%
 
Restaurants & Bars - - - 0.28%
 
Travel & Tourism - - - 0.23%
 
Media - 4.23% - -
 
Media - - 4.23% -
 
Media Agencies - - - 1.62%
 
Publishing - - - 1.34%
 
Radio & TV Broadcasters - - - 1.27%
 
Consumer Products & Services - 4.03% - -
 
Household Goods & Home Construction - - 3.08% -
 
Home Construction - - - 3.08%
 
Consumer Services - - 0.48% -
 
Vending & Catering Service - - - 0.48%
 
Leisure Goods - - 0.47% -
 
Toys - - - 0.47%
 
Retail - 1.19% - -
 
Retailers - - 1.19% -
 
Home Improvement Retailers - - - 0.64%
 
Specialty Retailers - - - 0.54%
 
Automobiles & Parts - 0.95% - -
 
Automobiles & Parts - - 0.95% -
 
Tires - - - 0.95%
 
Consumer Staples 12.18% - - -
 
Food, Beverage & Tobacco - 10.20% - -
 
Tobacco - - 8.73% -
 
Tobacco - - - 8.73%
 
Beverages - - 1.14% -
 
Soft Drinks - - - 1.14%
 
Food Producers - - 0.33% -
 
Food Products - - - 0.33%
 
Personal Care, Drug & Grocery Stores - 1.98% - -
 
Personal Care, Drug & Grocery Stores - - 1.98% -
 
Personal Products - - - 1.51%
 
Food Retailers & Wholesalers - - - 0.47%
 
Health Care 11.01% - - -
 
Health Care - 11.01% - -
 
Pharmaceuticals & Biotechnology - - 11.01% -
 
Pharmaceuticals - - - 11.01%
 
Utilities 7.91% - - -
 
Utilities - 7.91% - -
 
Gas, Water & Multi-utilities - - 5.35% -
 
Multi-Utilities - - - 3.84%
 
Water - - - 1.51%
 
Electricity - - 2.56% -
 
Conventional Electricity - - - 2.56%
 
Basic Materials 7.75% - - -
 
Basic Resources - 5.62% - -
 
Industrial Metals & Mining - - 5.12% -
 
General Mining - - - 5.12%
 
Industrial Materials - - 0.50% -
 
Paper - - - 0.50%
 
Chemicals - 2.13% - -
 
Chemicals - - 2.13% -
 
Specialty Chemicals - - - 2.13%
 
Energy 6.39% - - -
 
Energy - 6.39% - -
 
Non-Renewable Energy - - 6.39% -
 
Integrated Oil & Gas - - - 5.25%
 
Oil: Crude Producers - - - 1.11%
 
Oil Equipment & Services - - - 0.03%
 
Industrials 4.97% - - -
 
Industrial Goods & Services - 4.90% - -
 
General Industrials - - 2.10% -
 
Containers & Packaging - - - 2.10%
 
Industrial Support Services - - 2.04% -
 
Industrial Suppliers - - - 1.58%
 
Transaction Processing Services - - - 0.46%
 
Electronic & Electrical Equipment - - 0.77% -
 
Electronic Equipment: Control & Filter - - - 0.77%
 
Construction & Materials - 0.06% - -
 
Construction & Materials - - 0.06% -
 
Construction - - - 0.06%
 
Real Estate 4.67% - - -
 
Real Estate - 4.67% - -
 
Real Estate Investment Trusts - - 4.18% -
 
Residential REITs - - - 1.78%
 
Industrial REITs - - - 1.20%
 
Office REITs - - - 0.65%
 
Retail REITs - - - 0.54%
 
Real Estate Investment & Services - - 0.49% -
 
Real Estate Holding and Development - - - 0.49%
 
Telecommunications 3.64% - - -
 
Telecommunications - 3.64% - -
 
Telecommunications Service Providers - - 2.67% -
 
Telecommunications Services - - - 2.67%
 
Telecommunications Equipment - - 0.97% -
 
Telecommunications Equipment - - - 0.97%
 
Technology 0.92% - - -
 
Technology - 0.92% - -
 
Software & Computer Services - - 0.92% -
 
Software - - - 0.64%
 
Consumer Digital Services - - - 0.28%
 
Cash and Equivalents -0.02% - - -

Regional Allocation

pie chart
  UK 85.07%
  Developed Europe - Excl UK 5.84%
  Property 3.53%
  North America 3.30%
  Non-Classified 1.96%
  Japan 0.33%
  Cash and Equivalents -0.02%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.79%
  Cash 1.02%
  Pound Sterling 0.18%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 85.07% -
 
United Kingdom - 85.07%
 
Developed Europe - Excl UK 5.84% -
 
Finland - 2.11%
 
France - 1.91%
 
Luxembourg - 0.97%
 
Switzerland - 0.81%
 
Norway - 0.03%
 
Property 3.53% -
 
North America 3.30% -
 
United States - 1.99%
 
Canada - 1.31%
 
Non-Classified 1.96% -
 
Japan 0.33% -
 
Japan - 0.33%
 
Cash and Equivalents -0.02% -

Breakdown By Market Cap (%)

Mega
 
 
36.86%
Large
 
 
23.38%
Medium
 
 
23.19%
Small
 
 
10.21%
Micro
 
 
3.58%
Non-Classified
 
 
2.80%
Cash
 
-0.02%

Top 10 Holdings

Stock % Weight Sector Country
1 BRITISH AMERICAN TOBACCO 5.08% Tobacco United Kingdom
2 ASTRAZENECA 5.04% Pharmaceuticals & Biotechnology United Kingdom
3 RIO TINTO 5.02% Industrial Metals & Mining United Kingdom
4 BP 3.81% Non-Renewable Energy United Kingdom
5 IMPERIAL BRANDS 3.65% Tobacco United Kingdom
6 GVC HLDGS 3.50% Travel & Leisure United Kingdom
7 GLAXOSMITHKLINE 3.43% Pharmaceuticals & Biotechnology United Kingdom
8 NATIONAL GRID 3.36% Gas, Water & Multi-utilities United Kingdom
9 PHOENIX GROUP HLDGS 2.76% Life Insurance United Kingdom
10 SMITH(DS) 2.10% General Industrials United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 0.92% - - - - - - - 0.92%
Telecommunications 2.67% 0.97% - - - - - - 3.64%
Financials 22.51% 1.25% - - - - 1.96% - 25.71%
Real Estate 1.14% - - - - 3.53% - - 4.67%
Consumer Discretionary 13.93% 0.95% - - - - - - 14.88%
Consumer Staples 12.18% - - - - - - - 12.18%
Energy 4.93% 1.46% - - - - - - 6.39%
Utilities 7.43% 0.48% - - - - - - 7.91%
Health Care 8.47% 2.54% - - - - - - 11.01%
Industrials 4.97% - - - - - - - 4.97%
Basic Materials 5.94% 1.81% - - - - - - 7.75%
Cash and Equivalents - - - - - - - -0.02% -0.02%

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 0558941
Mex Code MGDB
Isin Code GB0005589410
Citi Code MA86

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.06%
Yearly Total 1.06%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Dividend Fund - the underlying fund. Underlying Fund Objective: The fund invests mainly in a range of UK equities with the aim of achieving a steadily increasing income stream. The fund will target a yield higher than that of the FTSE All-Share Index. Subject to this, the aim will be to maximise total return (the combination of income and growth of capital).
Benchmark FTSE All-Share Index
ABI Sector UK Equity Income

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 0.41
Beta 0.98
Sharpe -0.02
Standard Deviation 15.60
Info Ratio 0.15

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio 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 Yes
Umbrella Liabilities Yes
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

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.

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 Liabilities

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.

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.