Prudential Distribution Bond S2

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 5.9% 5.8% -1.2% 4.0% -10.2%
Sector 6.6% 6.0% -2.1% 4.8% -8.2%
Rank 25/31 21/31 13/31 24/35 23/35
Quartile 4 3 2 3 3

Annualised performance

Annualised
3 Years to
31/10/20
5 Years to
31/10/20
10 Years to
31/10/20
Fund -2.6% 0.7% 3.9%
Sector -2.0% 1.3% 3.0%
Rank 23/31 25/31 12/31
Quartile 3 4 2

Top 10 Holdings

Stock % Weight
BRITISH AMERICAN TOBACCO 2.53
ASTRAZENECA 2.51
RIO TINTO 2.50
BP 1.90
IMPERIAL BRANDS 1.82
GVC HLDGS 1.75
GLAXOSMITHKLINE 1.71
NATIONAL GRID 1.67
PHOENIX GROUP HLDGS 1.38
SMITH(DS) 1.05
Total 18.82

Fund Aims

Objective: The investment strategy of the fund is to deliver capital growth and produce a regular income over the longer term by investing mainly in UK equities, sterling denominated Corporate Bonds and property via collective investment schemes.

Fund Manager

M&G Treasury & Investment Office manager for 5 years and 11 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Bid (27/11/2020) 117.30
Offer (27/11/2020) 123.50
Yield 3.37%
Fund size (31/10/2020) £549.28m
Number of holdings 559
Launch date 02/08/1993

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.13%
Yearly Total 1.13%

Asset Allocation

pie chart
  UK Equities 42.45%
  International Bonds 16.83%
  UK Corporate Bonds 14.55%
  Property 14.21%
  International Equities 4.72%
  UK Gilts 2.66%
  Other Assets 4.58%
Portfolio data accurate as at: 31/10/20

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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 42.45%
  International Bonds 16.83%
  UK Corporate Bonds 14.55%
  Property 14.21%
  International Equities 4.72%
  UK Gilts 2.66%
  Other Assets 4.58%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 34.04% - - -
 
Financials 12.82% - - -
 
Insurance - 7.02% - -
 
Life Insurance - - 4.11% -
 
Life Insurance - - - 4.11%
 
Non-life Insurance - - 2.91% -
 
Property & Casualty Insurance - - - 2.62%
 
Full Line Insurance - - - 0.29%
 
Financial Services - 3.65% - -
 
Investment Banking & Brokerage Services - - 2.68% -
 
Asset Managers & Custodians - - - 2.32%
 
Investment Services - - - 0.36%
 
Equity Investment Instruments - - 0.98% -
 
Equity Investment Instruments - - - 0.98%
 
Banks - 2.15% - -
 
Banks - - 2.15% -
 
Banks - - - 2.15%
 
Property 12.28% - - -
 
Property - 12.28% - -
 
Property - - 12.28% -
 
Property - - - 12.28%
 
Consumer Discretionary 7.42% - - -
 
Travel & Leisure - 2.24% - -
 
Travel & Leisure - - 2.24% -
 
Casinos & Gambling - - - 1.99%
 
Restaurants & Bars - - - 0.14%
 
Travel & Tourism - - - 0.11%
 
Media - 2.11% - -
 
Media - - 2.11% -
 
Media Agencies - - - 0.81%
 
Publishing - - - 0.67%
 
Radio & TV Broadcasters - - - 0.63%
 
Consumer Products & Services - 2.01% - -
 
Household Goods & Home Construction - - 1.53% -
 
Home Construction - - - 1.53%
 
Consumer Services - - 0.24% -
 
Vending & Catering Service - - - 0.24%
 
Leisure Goods - - 0.24% -
 
Toys - - - 0.24%
 
Retail - 0.59% - -
 
Retailers - - 0.59% -
 
Home Improvement Retailers - - - 0.32%
 
Specialty Retailers - - - 0.27%
 
Automobiles & Parts - 0.47% - -
 
Automobiles & Parts - - 0.47% -
 
Tires - - - 0.47%
 
Consumer Staples 6.07% - - -
 
Food, Beverage & Tobacco - 5.09% - -
 
Tobacco - - 4.36% -
 
Tobacco - - - 4.36%
 
Beverages - - 0.57% -
 
Soft Drinks - - - 0.57%
 
Food Producers - - 0.16% -
 
Food Products - - - 0.16%
 
Personal Care, Drug & Grocery Stores - 0.99% - -
 
Personal Care, Drug & Grocery Stores - - 0.99% -
 
Personal Products - - - 0.75%
 
Food Retailers & Wholesalers - - - 0.23%
 
Health Care 5.49% - - -
 
Health Care - 5.49% - -
 
Pharmaceuticals & Biotechnology - - 5.49% -
 
Pharmaceuticals - - - 5.49%
 
Utilities 3.95% - - -
 
Utilities - 3.95% - -
 
Gas, Water & Multi-utilities - - 2.67% -
 
Multi-Utilities - - - 1.91%
 
Water - - - 0.76%
 
Electricity - - 1.28% -
 
Conventional Electricity - - - 1.28%
 
Basic Materials 3.86% - - -
 
Basic Resources - 2.80% - -
 
Industrial Metals & Mining - - 2.55% -
 
General Mining - - - 2.55%
 
Industrial Materials - - 0.25% -
 
Paper - - - 0.25%
 
Chemicals - 1.06% - -
 
Chemicals - - 1.06% -
 
Specialty Chemicals - - - 1.06%
 
Energy 3.19% - - -
 
Energy - 3.19% - -
 
Non-Renewable Energy - - 3.19% -
 
Integrated Oil & Gas - - - 2.62%
 
Oil: Crude Producers - - - 0.56%
 
Oil Equipment & Services - - - 0.01%
 
Real Estate 2.53% - - -
 
Real Estate - 2.53% - -
 
Real Estate Investment Trusts - - 2.29% -
 
Residential REITs - - - 0.93%
 
Industrial REITs - - - 0.74%
 
Office REITs - - - 0.35%
 
Retail REITs - - - 0.27%
 
Real Estate Investment & Services - - 0.24% -
 
Real Estate Holding and Development - - - 0.24%
 
Industrials 2.48% - - -
 
Industrial Goods & Services - 2.45% - -
 
General Industrials - - 1.05% -
 
Containers & Packaging - - - 1.05%
 
Industrial Support Services - - 1.02% -
 
Industrial Suppliers - - - 0.79%
 
Transaction Processing Services - - - 0.23%
 
Electronic & Electrical Equipment - - 0.38% -
 
Electronic Equipment: Control & Filter - - - 0.38%
 
Construction & Materials - 0.03% - -
 
Construction & Materials - - 0.03% -
 
Construction - - - 0.03%
 
Cash and Equivalents 2.45% - - -
 
Telecommunications 1.81% - - -
 
Telecommunications - 1.81% - -
 
Telecommunications Service Providers - - 1.33% -
 
Telecommunications Services - - - 1.33%
 
Telecommunications Equipment - - 0.48% -
 
Telecommunications Equipment - - - 0.48%
 
Non-Classified 0.94% - - -
 
Non-Classified - 0.09% - -
 
Non-Classified - - 0.09% -
 
Non-Classified - - - 0.09%
 
Technology 0.46% - - -
 
Technology - 0.46% - -
 
Software & Computer Services - - 0.46% -
 
Software - - - 0.32%
 
Consumer Digital Services - - - 0.14%
 
Alternative Trading Strategies 0.21% - - -
 
Alternative Trading Strategies - 0.21% - -
 
Alternative Trading Strategies - - 0.21% -
 
Alternative Trading Strategies - - - 0.21%

Regional Allocation

pie chart
  UK 59.66%
  Property 14.21%
  Developed Europe - Excl UK 10.82%
  North America 8.76%
  Cash and Equivalents 3.41%
  Non-Classified 2.13%
  Other Regions 0.99%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 63.55%
  Pound Sterling 28.40%
  US Dollar 5.01%
  Cash 2.41%
  Euro 0.63%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 59.66% -
 
United Kingdom - 59.66%
 
Property 14.21% -
 
Developed Europe - Excl UK 10.82% -
 
France - 4.05%
 
Netherlands - 1.50%
 
Luxembourg - 1.40%
 
Germany - 1.11%
 
Finland - 1.05%
 
Italy - 0.86%
 
Switzerland - 0.43%
 
Spain - 0.21%
 
Ireland - 0.12%
 
Belgium - 0.06%
 
Sweden - 0.02%
 
Norway - 0.01%
 
North America 8.76% -
 
United States - 7.18%
 
Canada - 1.58%
 
Cash and Equivalents 3.41% -
 
Non-Classified 2.13% -
 
South & Central America 0.45% -
 
Mexico - 0.45%
 
Developed Asia 0.21% -
 
Hong Kong - 0.21%
 
Japan 0.16% -
 
Japan - 0.16%
 
Middle East & Africa 0.10% -
 
United Arab Emirates - 0.10%
 
Australia & New Zealand 0.07% -
 
Australia - 0.07%

Breakdown By Market Cap (%)

Mega
 
 
18.38%
Large
 
 
11.70%
Medium
 
 
11.60%
Small
 
 
5.12%
Micro
 
 
1.79%
Non-Classified
 
 
14.91%
Bonds
 
 
34.04%
Cash
 
 
2.45%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
7.47%
5Yr - 10Yr Maturity
 
 
10.99%
10Yr - 15Yr Maturity
 
 
3.67%
> 15Yr Maturity
 
 
11.91%
Cash And Equivalents
 
 
2.45%
Unknown Maturity
 
 
0.85%
Other Asset Types
 
 
62.66%

Fixed Interest Quality Profile

AAA
 
 
5.29%
AA
 
 
4.95%
A
 
 
6.86%
BBB
 
 
14.06%
Sub-Investment Grade
 
 
0.54%
Unknown Quality
 
 
2.33%
Cash and Equivalents
 
 
2.45%
Other Asset Types
 
 
63.51%

Fund Holdings

Name % Weight Sector Country
1 M&G Dividend Class C GBP 49.87% Managed Funds Managed Funds
2 M&G Corporate Bond Class I GBP 34.77% Managed Funds Managed Funds
3 M&G Feeder of Property Portfolio Class I GBP 14.31% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 BRITISH AMERICAN TOBACCO 2.53% Tobacco United Kingdom
2 ASTRAZENECA 2.51% Pharmaceuticals & Biotechnology United Kingdom
3 RIO TINTO 2.50% Industrial Metals & Mining United Kingdom
4 BP 1.90% Non-Renewable Energy United Kingdom
5 IMPERIAL BRANDS 1.82% Tobacco United Kingdom
6 GVC HLDGS 1.75% Travel & Leisure United Kingdom
7 GLAXOSMITHKLINE 1.71% Pharmaceuticals & Biotechnology United Kingdom
8 NATIONAL GRID 1.67% Gas, Water & Multi-utilities United Kingdom
9 PHOENIX GROUP HLDGS 1.38% Life Insurance United Kingdom
10 SMITH(DS) 1.05% General Industrials United Kingdom

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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 0699895
Mex Code VNDB
Isin Code GB0006998958
Citi Code PS35

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.13%
Yearly Total 1.13%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to deliver capital growth and produce a regular income over the longer term by investing mainly in UK equities, sterling denominated Corporate Bonds and property via collective investment schemes.
Benchmark Variable
Sector ABI Distribution Funds

Ratings

FE Crown Crown Rating of 2

Distribution Income Details

Distribution Rate as at 28/02/2019 2.10 pence per unit
Distribution Yield as at 28/02/2019 3.37%

Source: Prudential

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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 -0.62
Beta 1.02
Sharpe -0.01
Standard Deviation 9.21
Info Ratio -0.33

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
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 Yes
Exchange Rate No
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository Yes
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).

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.

Property

The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)

Solvency of Depository

The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.

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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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.