Pru Life High Yield Managed Dist S2 (Inc)

Essentials Portfolio Analysis Background Data Risk Performance View PDF Factsheet

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 9.32% 5.50% 8.29% 23.06% -12.61%
Sector 11.88% 0.79% 7.37% 23.42% -17.69%
Rank 34/35 5/35 17/34 23/34 10/33
Quartile 4 1 2 3 2

Annualised Performance

3Y 5Y 10Y
Fund 7.69% 6.08% -
Sector 6.58% 4.23% 5.06%
Rank 14/34 10/33 -
Quartile 2 2 -

Top 10 Holdings

Stock % Weight
4¾% Treasury Stock 2020 14.94
Pru Life Property S1 10.20
3¾% Treasury Gilt 2052 1.26
BP 0.80
Northern Trust GBP Fund Class D 0.76
British American Tobacco 0.69
Royal Dutch Shell B 0.63
GlaxoSmithKline 0.59
Northern Trust GBP Fund Class D 0.59
HSBC Holdings PLC (UK Reg) 0.58
Total 31.04

Fund Aims

The investment strategy of the fund is to provide a high regular income, whilst achieving long-term growth and seeking to limit capital volatility by investing mainly in high yielding assets such as bonds and property as well as UK equities.

Fund Manager

Matthew Williams

Photo of Matthew Williams Matthew joined the Prudential Group in December 1991 as a bond fund manager. His current responsibilities are to ensure the sound management of all the Prudential Unit Trust and Unit Linked funds. Matthew also has specific responsibility for implementing asset allocation within these multi-asset funds. Prior to this Matthew worked for Morley Asset Management as a graduate trainee and then a bond Fund Manager. Matthew graduated from York University in 1989 with a BA Hons in Mathematics.

Fund Overview

Bid (24/05/2013) 95.50
Offer (24/05/2013) 100.50
Yield 3.45%
Fund size £44.41m
Number of holdings 6
Annual management charge 1.00%
Launch date 03/08/2007

Equity Sector Allocation

FTSE/ICB Supersector % Weight
Bonds 21.77
Investment Grade Corp Bonds 20.74
Government 16.52
Non-Classified 10.48
Cash and Equivalents 9.76
High Yield Corporate Bond 4.88
Oil & Gas 2.42
Industrial Goods & Services 2.35
Personal & Household Goods 1.50
Other 9.58
Portfolio data accurate as at: 31/03/13

Important Information

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 . 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.

Fund and X-Ray Asset Allocation

pie chart
  UK Corporate Bonds 25.01%
  International Bonds 23.26%
  UK Gilts 16.64%
  UK Equities 13.97%
  Property 10.38%
  Cash and Equivalents 9.76%
  Other 0.98%
pie chart
  Managed Funds 75.51%
  UK Gilts 14.94%
  Cash and Equivalents 9.55%

X-Ray Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Basic Materials 0.31% - - -
 
 Chemicals - 0.21% - -
 
 Chemicals - - 0.21% -
 
 Specialty Chemicals - - - 0.21%
 
 Basic Resources - 0.11% - -
 
 Forestry & Paper - - 0.07% -
 
 Paper - - - 0.07%
 
 Industrial Metals & Mining - - 0.03% -
 
 Nonferrous Metals - - - 0.03%
 
 Consumer Goods 0.65% - - -
 
 Personal & Household Goods - 0.34% - -
 
 Household Goods & Home Construction - - 0.19% -
 
 Nondurable Household Products - - - 0.19%
 
 Tobacco - - 0.15% -
 
 Tobacco - - - 0.15%
 
 Food & Beverage - 0.27% - -
 
 Beverages - - 0.18% -
 
 Brewers - - - 0.17%
 
 Distillers & Vintners - - - 0.01%
 
 Food Producers - - 0.09% -
 
 Food Products - - - 0.09%
 
 Automobiles & Parts - 0.04% - -
 
 Automobiles & Parts - - 0.04% -
 
 Auto Parts - - - 0.04%
 
 Consumer Services 1.57% - - -
 
 Retail - 0.70% - -
 
 General Retailers - - 0.60% -
 
 Broadline Retailers - - - 0.42%
 
 Apparel Retailers - - - 0.16%
 
 Specialized Consumer Services - - - 0.03%
 
 Food & Drug Retailers - - 0.10% -
 
 Food Retailers & Wholesalers - - - 0.10%
 
 Travel & Leisure - 0.56% - -
 
 Travel & Leisure - - 0.56% -
 
 Restaurants & Bars - - - 0.23%
 
 Hotels - - - 0.13%
 
 Gambling - - - 0.10%
 
 Recreational Services - - - 0.07%
 
 Travel & Tourism - - - 0.02%
 
 Media - 0.30% - -
 
 Media - - 0.30% -
 
 Broadcasting & Entertainment - - - 0.22%
 
 Publishing - - - 0.08%
 
 Financials 7.66% - - -
 
 Banks - 2.64% - -
 
 Banks - - 2.64% -
 
 Banks - - - 2.64%
 
 Financial Services - 2.03% - -
 
 Financial Services - - 2.01% -
 
 Specialty Finance - - - 1.24%
 
 Investment Services - - - 0.34%
 
 Mortgage Finance - - - 0.25%
 
 Asset Managers - - - 0.15%
 
 Consumer Finance - - - 0.03%
 
 Real Estate - 1.58% - -
 
 Real Estate Investment Trusts - - 0.79% -
 
 Industrial & Office REITs - - - 0.45%
 
 Retail REITs - - - 0.34%
 
 Real Estate Investment & Services - - 0.79% -
 
 Real Estate Services - - - 0.79%
 
 Insurance - 1.41% - -
 
 Nonlife Insurance - - 0.72% -
 
 Full Line Insurance - - - 0.43%
 
 Reinsurance - - - 0.16%
 
 Insurance Brokers - - - 0.09%
 
 Property & Casualty Insurance - - - 0.04%
 
 Life Insurance - - 0.69% -
 
 Life Insurance - - - 0.69%
 
 Health Care 0.38% - - -
 
 Health Care - 0.38% - -
 
 Pharmaceuticals & Biotechnology - - 0.38% -
 
 Biotechnology - - - 0.27%
 
 Pharmaceuticals - - - 0.11%
 
 Industrials 1.88% - - -
 
 Industrial Goods & Services - 1.83% - -
 
 Industrial Transportation - - 1.12% -
 
 Railroads - - - 0.60%
 
 Transportation Services - - - 0.45%
 
 Delivery Services - - - 0.07%
 
 General Industrials - - 0.35% -
 
 Diversified Industrials - - - 0.33%
 
 Containers & Packaging - - - 0.01%
 
 Support Services - - 0.25% -
 
 Business Support Services - - - 0.25%
 
 Waste & Disposal Services - - - 0.00%
 
 Aerospace & Defence - - 0.08% -
 
 Defence - - - 0.06%
 
 Aerospace - - - 0.02%
 
 Electronic & Electrical Equipment - - 0.04% -
 
 Electrical Components & Equipment - - - 0.04%
 
 Construction & Materials - 0.04% - -
 
 Construction & Materials - - 0.04% -
 
 Building Materials & Fixtures - - - 0.04%
 
 Heavy Construction - - - 0.00%
 
 Oil & Gas 0.40% - - -
 
 Oil & Gas - 0.40% - -
 
 Oil & Gas Producers - - 0.37% -
 
 Integrated Oil & Gas - - - 0.28%
 
 Oil & Gas Exploration & Production - - - 0.10%
 
 Oil Equipment, Services & Distribution - - 0.03% -
 
 Pipelines - - - 0.03%
 
 Telecommunications 1.26% - - -
 
 Telecommunications - 1.26% - -
 
 Fixed Line Telecommunications - - 1.16% -
 
 Fixed Line Telecommunications - - - 1.16%
 
 Mobile Telecommunications - - 0.09% -
 
 Mobile Telecommunications - - - 0.09%
 
 Utilities 2.30% - - -
 
 Utilities - 2.30% - -
 
 Gas, Water & Multiutilities - - 1.60% -
 
 Water - - - 1.38%
 
 Gas Distribution - - - 0.14%
 
 Multiutilities - - - 0.08%
 
 Electricity - - 0.69% -
 
 Conventional Electricity - - - 0.67%
 
 Alternative Electricity - - - 0.02%
 
 Equities 14.81% - - -
 
 Government 16.30% - - -
 
 Government - 16.30% - -
 
 Government - - 16.30% -
 
 Government - - - 16.30%
 
 Corporate Bonds 9.68% - - -
 
 Corporate Bonds - 9.68% - -
 
 Corporate Bonds - - 9.68% -
 
 Corporate Bonds - - - 9.68%
 
 Mortgage Backed securities 1.00% - - -
 
 Mortgage backed securities - 1.00% - -
 
 Mortgage backed securities - - 1.00% -
 
 Mortgage backed securities - - - 1.00%
 
 Non-Classified 32.05% - - -
 
 Cash and Equivalents 9.76% - - -

X-Ray Regional and X-Ray Currency Allocation

pie chart
  UK 55.69%
  Developed Europe - Excl UK 14.30%
  Property 10.38%
  Cash and Equivalents 9.76%
  North America 7.97%
  Non-Classified 1.35%
  Other 0.56%
pie chart
  Pound Sterling 50.95%
  Non-debt 34.88%
  Euro 7.35%
  US Dollar 4.69%
  Unrecognised 1.52%
  Swiss Franc 0.39%
  Cash 0.21%

X-Ray Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 55.69% -
 
 United Kingdom - 55.69%
 
 Developed Europe - Excl UK 14.30% -
 
 France - 3.22%
 
 Netherlands - 3.00%
 
 Luxembourg - 1.97%
 
 Germany - 1.82%
 
 Ireland - 1.31%
 
 Spain - 0.68%
 
 Switzerland - 0.57%
 
 Italy - 0.52%
 
 Belgium - 0.33%
 
 Sweden - 0.28%
 
 Denmark - 0.16%
 
 Norway - 0.16%
 
 Austria - 0.15%
 
 Finland - 0.07%
 
 Portugal - 0.06%
 
 Property 10.38% -
 
 Cash and Equivalents 9.76% -
 
 North America 7.97% -
 
 United States - 7.32%
 
 Canada - 0.65%
 
 Non-Classified 1.35% -
 
 Middle East & Africa 0.18% -
 
 South Africa - 0.18%
 
 Australia & New Zealand 0.14% -
 
 Australia - 0.11%
 
 New Zealand - 0.03%
 
 South & Central America 0.11% -
 
 Mexico - 0.11%
 
 Emerging Europe 0.10% -
 
 Croatia - 0.05%
 
 Poland - 0.05%
 
 Developed Asia 0.03% -
 
 Singapore - 0.03%

Breakdown By Market Cap (%)

Mega
 
 
6.94%
Large
 
 
2.97%
Medium
 
 
3.69%
Small
 
 
1.12%
Micro
 
 
0.06%
Non-Classified
 
 
10.56%
Bonds
 
 
64.91%
Cash
 
 
9.76%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
15.11%
5Yr - 10Yr Maturity
 
 
28.31%
10Yr - 15Yr Maturity
 
 
7.28%
> 15Yr Maturity
 
 
12.75%
Cash And Equivalents
 
 
9.76%
Unknown
 
 
11.69%
Other
 
 
15.10%

Fixed Interest Quality Profile

AAA
 
 
19.69%
AA
 
 
4.80%
A
 
 
10.99%
BBB
 
 
17.50%
BB
 
 
4.58%
B
 
 
3.48%
CCC
 
 
0.88%
Other
 
 
38.08%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G Corporate Bond Class I 40.13% Managed Funds Managed Funds
2 M&G Dividend Class C 15.16% Managed Funds Managed Funds
3 4¾% Treasury Stock 2020 14.94% Bonds United Kingdom
4 Pru Life Property S1 10.20% Managed Funds Managed Funds
5 M&G High Yield Corporate Bond Class X 10.03% Managed Funds Managed Funds

X-Ray Top 10 Holdings

Stock % Weight Sector Country
1 4¾% Treasury Stock 2020 14.94% Bonds United Kingdom
2 Pru Life Property S1 10.20% Non-Classified Direct Property and REITs
3 3¾% Treasury Gilt 2052 1.26% Bonds United Kingdom
4 BP 0.80% Oil & Gas United Kingdom
5 Northern Trust GBP Fund Class D 0.76% Bonds United Kingdom
6 British American Tobacco 0.69% Personal & Household Goods United Kingdom
7 Royal Dutch Shell B 0.63% Oil & Gas United Kingdom
8 GlaxoSmithKline 0.59% Health Care United Kingdom
9 Northern Trust GBP Fund Class D 0.59% Bonds United Kingdom
10 HSBC Holdings PLC (UK Reg) 0.58% Banks United Kingdom
Portfolio data accurate as at: 31/03/13

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 B1YVQC9
Mex Code PUPHYM
Isin Code GB00B1YVQC99
Citi Code AJZ9

Charges

Annual management charge 1.00%

Aims and Benchmark

Benchmark Variable
ABI Sector Mixed Investment 0-35% Shares
Aims The investment strategy of the fund is to provide a high regular income, whilst achieving long-term growth and seeking to limit capital volatility by investing mainly in high yielding assets such as bonds and property as well as UK equities.

Fund Background

Launch date 03/08/2007

Ratings

FE Crown Crown Rating of 5

Distribution Income Details

Distribution Rate as at 18/02/2013 1.60 pence per unit
Distribution Yield as at 18/02/2013 3.45%

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 .

Risk Analysis

Ratio Value
Alpha 4.39
Beta 0.48
Sharpe 1.13
Standard Deviation 3.72
Info Ratio 0.27

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Porfolio 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 Yes
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilites 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

Concentration Coefficient

23

A measure of portfolio concentration, e.g. where the fund coefficient is 25, this means the portfolio concentration is equivalent to holding 25 equally weighted stocks.

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)

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.

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

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.