31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
---|---|---|---|---|---|
Fund | 17.8% | -10.3% | -7.2% | -29.3% | -4.8% |
Benchmark | 17.6% | -10.4% | -7.2% | -29.6% | -5.0% |
Quarter | Annualised | |||
---|---|---|---|---|
1 2024 |
3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
|
Fund | -3.5% | -14.5% | -8.0% | 0.4% |
Benchmark | -3.5% | -14.7% | -8.1% | 0.4% |
Stock | % Weight |
---|---|
4½% Treasury Gilt 2042 | 5.93 |
4¼% Treasury Gilt 2055 | 5.53 |
4¼% Treasury Gilt 2040 | 5.39 |
3½% Treasury Gilt 2045 | 5.26 |
3¾% Treasury Gilt 2053 | 5.08 |
3¼% Treasury Gilt 2044 | 5.04 |
4¼% Treasury Gilt 2046 | 5.03 |
4¼% Treasury Gilt 2039 | 4.91 |
4% Treasury Gilt 2060 | 4.80 |
3¾% Treasury Gilt 2052 | 4.59 |
Total | 51.55 |
Objective: The investment strategy of the fund is to purchase units in the M&G PP Long-Term Gilt Passive Fund - the underlying fund.
Underlying Fund Objective: The fund invests in UK Government gilts with over 15 years to maturity. The fund is passively managed against its benchmark, the iBoxx Sterling Gilts (15+) Index. Tracking this index is achieved by fully replicating the stocks in the index.
Robert joined M&G in 2007 as a fund managers’ assistant, supporting our institutional portfolio management team. He was promoted to Assistant Fund Manager in January 2008. Prior to M&G, Robert worked in fund accounting for Cambridge Place Investment Management, a hedge fund boutique. Robert graduated from the University of Pietermaritzburg in South Africa with an honours degree in Finance and Economics. Robert is a CFA charterholder.
Daily price (22/04/2024) | 209.60 |
Fund size (31/03/2024) | £25.20m |
Underlying Fund size | £136.55m |
Number of holdings | 28 |
Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Launch date | 06/04/2001 |
UK Gilts | 100.05% | |
Cash and Equivalents | -0.05% |
Performance as at Q4 2023 - UK government bonds (gilts) returned 8.1% in the fourth quarter of 2023, outperforming both US government bonds (treasuries) and German government bonds (bunds). Gilts were supported by increased expectations of interest rate cuts by the Bank of England, as annual inflation eased to 3.9% in November; the market is pricing in six cuts for 2024. Having risen in October, the yield on the benchmark 10-year gilt subsequently fell in November and December to end 2023 at 3.6%, down from 4.4% at the end of the third quarter. Amid falling yields, longer dated gilts, particularly those over 15 years, delivered significant returns. UK corporate bonds also rose, returning 7.3% in the fourth quarter.
Source: M&G
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 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 gross 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
UK Gilts | 100.05% | |
Cash and Equivalents | -0.05% |
Industry | Supersector | Sector | Subsector | ||
---|---|---|---|---|---|
Bonds | 100.05% | - | - | - | |
Cash and Equivalents | -0.05% | - | - | - |
UK | 100.05% | |
Cash and Equivalents | -0.05% |
Pound Sterling | 100.05% | |
Cash | -0.05% |
Region | Country | ||
---|---|---|---|
UK | 100.05% | - | |
![]() |
- | 100.05% | |
Cash and Equivalents | -0.05% | - |
> 15Yr Maturity |
|
100.05% |
Cash And Equivalents |
|
-0.05% |
AA |
|
100.05% |
Cash and Equivalents |
|
-0.05% |
Stock | % Weight | Sector | Country | |
---|---|---|---|---|
1 | 4½% Treasury Gilt 2042 | 5.93% | Bonds | United Kingdom |
2 | 4¼% Treasury Gilt 2055 | 5.53% | Bonds | United Kingdom |
3 | 4¼% Treasury Gilt 2040 | 5.39% | Bonds | United Kingdom |
4 | 3½% Treasury Gilt 2045 | 5.26% | Bonds | United Kingdom |
5 | 3¾% Treasury Gilt 2053 | 5.08% | Bonds | United Kingdom |
6 | 3¼% Treasury Gilt 2044 | 5.04% | Bonds | United Kingdom |
7 | 4¼% Treasury Gilt 2046 | 5.03% | Bonds | United Kingdom |
8 | 4¼% Treasury Gilt 2039 | 4.91% | Bonds | United Kingdom |
9 | 4% Treasury Gilt 2060 | 4.80% | Bonds | United Kingdom |
10 | 3¾% Treasury Gilt 2052 | 4.59% | Bonds | United Kingdom |
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.
Sedol Code | 3169425 |
Mex Code | PURP |
Isin Code | GB0031694259 |
Citi Code | P284 |
Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Long-Term Gilt Passive Fund - the underlying fund. Underlying Fund Objective: The fund invests in UK Government gilts with over 15 years to maturity. The fund is passively managed against its benchmark, the iBoxx Sterling Gilts (15+) Index. Tracking this index is achieved by fully replicating the stocks in the index. |
Benchmark | iBoxx Sterling Gilts (15+) Index |
Sector | ABI Sterling Long Bond |
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.
Ratio | Value |
---|---|
Alpha | -2.15 |
Beta | 1.09 |
Sharpe | -0.03 |
Standard Deviation | 18.33 |
Info Ratio | -0.74 |
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 | No |
Umbrella Liabilities | 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 |
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).
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 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.
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation will reduce the real value of your investments in future.
Levels of taxation and tax relief are subject to change.
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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.
We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.
This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
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 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 gross 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
Prudential is a trading name of Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.