Pru Life Investec Cautious Managed S5
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 | 9.96% | 0.29% | 6.16% | 22.80% | - |
| Sector | 11.20% | 0.18% | 6.32% | 22.45% | -14.71% |
| Rank | 235/315 | 158/299 | 158/280 | 106/253 | - |
| Quartile | 3 | 3 | 3 | 2 | - |
Annualised Performance
| 3Y | 5Y | 10Y | |
|---|---|---|---|
| Fund | 5.40% | - | - |
| Sector | 5.80% | 4.34% | 5.23% |
| Rank | 188/280 | - | - |
| Quartile | 3 | - | - |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 2¼% Treasury Gilt 2014 | 15.47 |
| 2½% Index-linked Treasury Stock 2013 | 5.59 |
| NORWAY GOVERNMENT BOND BONDS 05/13 6.5 | 5.03 |
| NORWAY GOVERNMENT BOND BONDS 05/15 5. | 4.81 |
| UNITED STATES TREASURY INFLATI 04/14 1.25 | 3.40 |
| 1¼% Index-linked Treasury Gilt 2017 | 3.31 |
| 0 1/8% Index-linked Treasury Gilt 2029 | 3.21 |
| HSBC Holdings PLC (UK Reg) | 2.81 |
| Signet Jewelers Ltd | 2.69 |
| Grafton Group PLC (Unit) | 2.65 |
| Total | 48.98 |
Fund Aims
The investment strategy of the fund is to purchase units in the Investec Cautious Managed Fund. That fund aims to provide a combination of income and long term capital growth by investing conservatively in a diversified portfolio of equities, bonds and other fixed interest securities of high quality and marketability. At all times the fund's equity exposure will be limited to a maximum of 60% of the portfolio value.
Fund Manager
Alastair is Head of Contrarian at Investec Asset Management having joined in 2000 from Morley Fund Management. Alastair manages a number of funds including the award winning Investec Cautious Managed Fund, Investec UK Special Situations Fund, and also manages the Temple Bar Investment Trust. Since August 2012, Alastair assumed co-portfolio management of the Investec American Fund, leveraging the team’s global expertise and impressive track record. Alastair graduated from City University in 1988 with a Bachelor of Science degree in Actuarial Science.
Fund Overview
| Bid (23/05/2013) | 152.00 |
| Offer | n/a |
| Fund size | £9.11m |
| Underlying Fund size | £2538.15m |
| Number of holdings | 92 |
| Annual management charge | 2.05% |
| Launch date | 20/10/2008 |
Equity Sector Allocation
| FTSE/ICB Supersector | % Weight |
|---|---|
| Government | 39.18 |
| Industrial Goods & Services | 8.88 |
| Banks | 5.37 |
| Cash and Equivalents | 4.90 |
| Commodities | 4.78 |
| Basic Resources | 3.86 |
| Retail | 3.78 |
| Personal & Household Goods | 3.60 |
| Bonds | 3.60 |
| Other | 22.07 |
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 | 29.14% | |
| International Equities | 24.68% | |
| UK Equities | 19.48% | |
| International Bonds | 13.45% | |
| Cash and Equivalents | 4.90% | |
| Commodities | 4.78% | |
| Other | 3.57% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Basic Materials | 4.21% | - | - | - | |
| Basic Resources | - | 3.86% | - | - | |
| Mining | - | - | 3.84% | - | |
| Gold Mining | - | - | - | 3.84% | |
| Industrial Metals & Mining | - | - | 0.02% | - | |
| Iron & Steel | - | - | - | 0.02% | |
| Chemicals | - | 0.35% | - | - | |
| Chemicals | - | - | 0.35% | - | |
| Specialty Chemicals | - | - | - | 0.21% | |
| Commodity Chemicals | - | - | - | 0.14% | |
| Consumer Goods | 3.86% | - | - | - | |
| Personal & Household Goods | - | 3.60% | - | - | |
| Personal Goods | - | - | 1.84% | - | |
| Personal Products | - | - | - | 1.82% | |
| Clothing & Accessories | - | - | - | 0.02% | |
| Leisure Goods | - | - | 1.54% | - | |
| Consumer Electronics | - | - | - | 0.67% | |
| Recreational Products | - | - | - | 0.54% | |
| Toys | - | - | - | 0.34% | |
| Household Goods & Home Construction | - | - | 0.22% | - | |
| Home Construction | - | - | - | 0.19% | |
| Furnishings | - | - | - | 0.03% | |
| Automobiles & Parts | - | 0.26% | - | - | |
| Automobiles & Parts | - | - | 0.26% | - | |
| Auto Parts | - | - | - | 0.26% | |
| Consumer Services | 6.14% | - | - | - | |
| Retail | - | 3.78% | - | - | |
| General Retailers | - | - | 3.14% | - | |
| Apparel Retailers | - | - | - | 2.75% | |
| Specialty Retailers | - | - | - | 0.20% | |
| Broadline Retailers | - | - | - | 0.15% | |
| Home Improvement Retailers | - | - | - | 0.03% | |
| Food & Drug Retailers | - | - | 0.64% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.64% | |
| Drug Retailers | - | - | - | 0.01% | |
| Travel & Leisure | - | 2.09% | - | - | |
| Travel & Leisure | - | - | 2.09% | - | |
| Airlines | - | - | - | 1.21% | |
| Recreational Services | - | - | - | 0.50% | |
| Restaurants & Bars | - | - | - | 0.37% | |
| Media | - | 0.28% | - | - | |
| Media | - | - | 0.28% | - | |
| Broadcasting & Entertainment | - | - | - | 0.18% | |
| Publishing | - | - | - | 0.10% | |
| Financials | 9.87% | - | - | - | |
| Banks | - | 5.37% | - | - | |
| Banks | - | - | 5.37% | - | |
| Banks | - | - | - | 5.37% | |
| Real Estate | - | 2.34% | - | - | |
| Real Estate Investment Trusts | - | - | 1.20% | - | |
| Industrial & Office REITs | - | - | - | 0.99% | |
| Diversified REITs | - | - | - | 0.21% | |
| Real Estate Investment & Services | - | - | 1.14% | - | |
| Real Estate Holding & Development | - | - | - | 1.14% | |
| Insurance | - | 1.52% | - | - | |
| Life Insurance | - | - | 0.96% | - | |
| Life Insurance | - | - | - | 0.96% | |
| Nonlife Insurance | - | - | 0.55% | - | |
| Property & Casualty Insurance | - | - | - | 0.55% | |
| Financial Services | - | 0.65% | - | - | |
| Health Care | 3.16% | - | - | - | |
| Health Care | - | 3.16% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.06% | - | |
| Pharmaceuticals | - | - | - | 2.06% | |
| Health Care Equipment & Services | - | - | 1.10% | - | |
| Health Care Providers | - | - | - | 0.57% | |
| Medical Equipment | - | - | - | 0.53% | |
| Industrials | 11.95% | - | - | - | |
| Industrial Goods & Services | - | 8.88% | - | - | |
| Support Services | - | - | 5.17% | - | |
| Industrial Suppliers | - | - | - | 5.13% | |
| Financial Administration | - | - | - | 0.05% | |
| Industrial Transportation | - | - | 1.43% | - | |
| Delivery Services | - | - | - | 1.26% | |
| Transportation Services | - | - | - | 0.14% | |
| Trucking | - | - | - | 0.04% | |
| Aerospace & Defence | - | - | 1.26% | - | |
| Defence | - | - | - | 1.26% | |
| General Industrials | - | - | 0.58% | - | |
| Diversified Industrials | - | - | - | 0.55% | |
| Containers & Packaging | - | - | - | 0.03% | |
| Electronic & Electrical Equipment | - | - | 0.38% | - | |
| Electrical Components & Equipment | - | - | - | 0.35% | |
| Electronic Equipment | - | - | - | 0.04% | |
| Industrial Engineering | - | - | 0.05% | - | |
| Industrial Machinery | - | - | - | 0.05% | |
| Construction & Materials | - | 3.07% | - | - | |
| Construction & Materials | - | - | 3.07% | - | |
| Building Materials & Fixtures | - | - | - | 2.94% | |
| Heavy Construction | - | - | - | 0.13% | |
| Oil & Gas | 3.44% | - | - | - | |
| Oil & Gas | - | 3.44% | - | - | |
| Oil & Gas Producers | - | - | 2.44% | - | |
| Integrated Oil & Gas | - | - | - | 2.44% | |
| Oil Equipment, Services & Distribution | - | - | 1.01% | - | |
| Oil Equipment & Services | - | - | - | 1.01% | |
| Technology | 1.41% | - | - | - | |
| Technology | - | 1.41% | - | - | |
| Technology Hardware & Equipment | - | - | 0.78% | - | |
| Electronic Office Equipment | - | - | - | 0.52% | |
| Computer Hardware | - | - | - | 0.20% | |
| Semiconductors | - | - | - | 0.06% | |
| Software & Computer Services | - | - | 0.63% | - | |
| Computer Services | - | - | - | 0.63% | |
| Telecommunications | 1.48% | - | - | - | |
| Telecommunications | - | 1.48% | - | - | |
| Fixed Line Telecommunications | - | - | 1.42% | - | |
| Fixed Line Telecommunications | - | - | - | 1.42% | |
| Mobile Telecommunications | - | - | 0.06% | - | |
| Mobile Telecommunications | - | - | - | 0.06% | |
| Government | 39.18% | - | - | - | |
| Government | - | 39.18% | - | - | |
| Government | - | - | 39.18% | - | |
| Government | - | - | - | 39.18% | |
| Investment Grade Corp Bonds | 0.46% | - | - | - | |
| Investment Grade Corp Bonds | - | 0.46% | - | - | |
| Investment Grade Corp Bonds | - | - | 0.46% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| High Yield Corporate Bond | - | - | 0.21% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| High Yield Corporate Bond | - | 0.21% | - | - | |
| Investment Grade Corp Bonds | - | - | 0.46% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| High Yield Corporate Bond | - | - | 0.21% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| High Yield Corporate Bond | 0.21% | - | - | - | |
| Investment Grade Corp Bonds | - | 0.46% | - | - | |
| Investment Grade Corp Bonds | - | - | 0.46% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| High Yield Corporate Bond | - | - | 0.21% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| High Yield Corporate Bond | - | 0.21% | - | - | |
| Investment Grade Corp Bonds | - | - | 0.46% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| High Yield Corporate Bond | - | - | 0.21% | - | |
| Investment Grade Corp Bonds | - | - | - | 0.46% | |
| High Yield Corporate Bond | - | - | - | 0.21% | |
| Commodities | 4.78% | - | - | - | |
| Commodities | - | 4.78% | - | - | |
| Commodities | - | - | 4.78% | - | |
| Commodities | - | - | - | 4.78% | |
| Managed Funds | 0.78% | - | - | - | |
| Managed Funds | - | 0.78% | - | - | |
| Managed Funds | - | - | 0.78% | - | |
| Managed Funds | - | - | - | 0.78% | |
| Non-Classified | 4.18% | - | - | - | |
| Cash and Equivalents | 4.90% | - | - | - | |
Regional Allocation
| UK | 50.03% | |
| Developed Europe - Excl UK | 17.75% | |
| North America | 10.24% | |
| Japan | 8.28% | |
| Non-Classified | 5.42% | |
| Cash and Equivalents | 4.90% | |
| Other | 3.38% |
| Non-debt | 51.66% | |
| Pound Sterling | 29.99% | |
| Norwegian Krone | 9.84% | |
| Cash | 4.90% | |
| US Dollar | 3.40% | |
| Euro | 0.21% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 50.03% | - | |
United Kingdom
|
- | 50.03% | |
| Developed Europe - Excl UK | 17.75% | - | |
Norway
|
- | 9.84% | |
Ireland
|
- | 5.57% | |
Netherlands
|
- | 1.67% | |
France
|
- | 0.64% | |
Luxembourg
|
- | 0.03% | |
| North America | 10.24% | - | |
United States
|
- | 8.94% | |
Canada
|
- | 1.30% | |
| Japan | 8.28% | - | |
Japan
|
- | 8.28% | |
| Non-Classified | 5.42% | - | |
| Cash and Equivalents | 4.90% | - | |
| Middle East & Africa | 1.40% | - | |
South Africa
|
- | 1.40% | |
| Property | 1.20% | - | |
| Managed Fund | 0.78% | - | |
Breakdown By Market Cap (%)
| Mega |
|
10.30% |
| Large |
|
10.59% |
| Medium |
|
11.95% |
| Small |
|
5.43% |
| Micro |
|
0.48% |
| Non-Classified |
|
12.92% |
| Bonds |
|
43.44% |
| Cash |
|
4.90% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 2¼% Treasury Gilt 2014 | 15.47% | Bonds | United Kingdom |
| 2 | 2½% Index-linked Treasury Stock 2013 | 5.59% | Bonds | United Kingdom |
| 3 | NORWAY GOVERNMENT BOND BONDS 05/13 6.5 | 5.03% | Bonds | Norway |
| 4 | NORWAY GOVERNMENT BOND BONDS 05/15 5. | 4.81% | Bonds | Norway |
| 5 | UNITED STATES TREASURY INFLATI 04/14 1.25 | 3.40% | Bonds | United States |
| 6 | 1¼% Index-linked Treasury Gilt 2017 | 3.31% | Bonds | United Kingdom |
| 7 | 0 1/8% Index-linked Treasury Gilt 2029 | 3.21% | Bonds | United Kingdom |
| 8 | HSBC Holdings PLC (UK Reg) | 2.81% | Banks | United Kingdom |
| 9 | Signet Jewelers Ltd | 2.69% | Retail | United Kingdom |
| 10 | Grafton Group PLC (Unit) | 2.65% | Industrial Goods & Services | Ireland |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| Basic Materials | 0.05% | 4.16% | - | - | - | - | - | - | - | 4.21% |
| Consumer Goods | 0.34% | 3.52% | - | - | - | - | - | - | - | 3.86% |
| Consumer Services | 3.66% | 2.48% | - | - | - | - | - | - | - | 6.14% |
| Financials | 5.40% | 3.08% | 0.46% | - | - | - | 1.20% | 0.19% | - | 10.33% |
| Health Care | 1.97% | 1.19% | - | - | - | - | - | - | - | 3.16% |
| Industrials | 3.78% | 8.17% | - | - | - | - | - | - | - | 11.95% |
| Oil & Gas | 2.44% | 1.01% | - | - | - | - | - | - | - | 3.44% |
| Technology | 0.63% | 0.78% | - | - | - | - | - | - | - | 1.41% |
| Telecommunications | 1.19% | 0.29% | - | - | - | - | - | - | - | 1.48% |
| Utilities | - | - | - | - | - | - | - | - | - | - |
| Property | - | - | - | - | - | - | - | - | - | - |
| Cash and Equivalents | - | - | - | - | - | - | - | - | 4.90% | 4.90% |
| Managed Funds | - | - | - | - | - | 0.78% | - | - | - | 0.78% |
| Bonds | - | - | 0.40% | 13.45% | 29.14% | - | - | - | - | 42.99% |
| Non-Classified | 0.02% | - | - | - | - | - | - | 5.34% | - | 5.36% |
| Commodities | - | - | - | - | - | - | - | - | - | - |
| Alternative Trading Strategies | - | - | - | - | - | - | - | - | - | - |
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 | B3BW4H0 |
| Mex Code | PUCUMG |
| Isin Code | GB00B3BW4H07 |
| Citi Code | D8W5 |
Charges
| Annual management charge | 2.05% |
Aims and Benchmark
| Benchmark | 50% FTSE All Share Index and 50% Merrill Lynch GBP Broad Market Index |
| ABI Sector | Mixed Investment 20-60% Shares |
| Aims | The investment strategy of the fund is to purchase units in the Investec Cautious Managed Fund. That fund aims to provide a combination of income and long term capital growth by investing conservatively in a diversified portfolio of equities, bonds and other fixed interest securities of high quality and marketability. At all times the fund's equity exposure will be limited to a maximum of 60% of the portfolio value. |
Fund Background
| Launch date | 20/10/2008 |
Ratings
| OBSR |  |
| FE Crown |  |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.54 |
| Beta | 1.04 |
| Sharpe | 0.29 |
| Standard Deviation | 6.59 |
| Info Ratio | -0.13 |
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 | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilites | No |
| 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
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.
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.
