Pru Life Legg Mason US Smaller Companies S4
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 | 6.50% | -5.45% | 11.08% | 34.46% | - |
| Sector | 14.12% | 2.78% | 4.00% | 32.11% | -13.16% |
| Rank | 248/257 | 237/251 | 10/243 | 73/228 | - |
| Quartile | 4 | 4 | 1 | 2 | - |
Annualised Performance
| 3Y | 5Y | 10Y | |
|---|---|---|---|
| Fund | 3.80% | - | - |
| Sector | 6.85% | 6.95% | 5.78% |
| Rank | 230/243 | - | - |
| Quartile | 4 | - | - |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Reliance Steel & Aluminum Co. | 3.08 |
| Jacobs Engineering Group | 2.92 |
| Federated Investors | 2.80 |
| Oil States International | 2.80 |
| Helmerich & Payne | 2.53 |
| GrafTech International | 1.92 |
| Tetra Tech | 1.87 |
| MKS Instruments | 1.66 |
| ATMI Inc | 1.66 |
| Unit Corp. | 1.48 |
| Total | 22.71 |
Fund Aims
The investment strategy of the fund is to purchase units in the Legg Mason US Smaller Companies Fund. That fund aims to achieve capital growth principally through investment in securities of smaller US companies.
Fund Manager
Royce and Associates (Royce) devotes all of its time and resources to managing smaller-company investment portfolios. This focus distinguishes the Firm from most other asset management firms. Smaller-company value investing is Royce’s only business. The Firm pays close attention to risk and maintaining the same discipline, regardless of market movements and trends. Royce is a wholly owned subsidiary of Legg Mason, Inc.
Fund Overview
| Bid (24/05/2013) | 185.60 |
| Offer (24/05/2013) | 195.40 |
| Fund size | £0.18m |
| Underlying Fund size | £203.24m |
| Number of holdings | 93 |
| Annual management charge | 1.85% |
| Launch date | 20/10/2008 |
Equity Sector Allocation
| FTSE/ICB Supersector | % Weight |
|---|---|
| Industrial Goods & Services | 27.33 |
| Oil & Gas | 14.56 |
| Technology | 9.89 |
| Cash and Equivalents | 8.56 |
| Financial Services | 8.35 |
| Basic Resources | 5.03 |
| Retail | 4.79 |
| Personal & Household Goods | 4.27 |
| Construction & Materials | 3.99 |
| Other | 13.23 |
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
| International Equities | 90.50% | |
| Cash and Equivalents | 8.56% | |
| UK Equities | 0.94% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Basic Materials | 8.41% | - | - | - | |
| Basic Resources | - | 5.03% | - | - | |
| Industrial Metals & Mining | - | - | 5.03% | - | |
| Iron & Steel | - | - | - | 3.85% | |
| Nonferrous Metals | - | - | - | 1.17% | |
| Chemicals | - | 3.38% | - | - | |
| Chemicals | - | - | 3.38% | - | |
| Commodity Chemicals | - | - | - | 2.32% | |
| Specialty Chemicals | - | - | - | 1.07% | |
| Consumer Goods | 7.85% | - | - | - | |
| Personal & Household Goods | - | 4.27% | - | - | |
| Leisure Goods | - | - | 2.92% | - | |
| Recreational Products | - | - | - | 2.10% | |
| Consumer Electronics | - | - | - | 0.82% | |
| Personal Goods | - | - | 1.35% | - | |
| Clothing & Accessories | - | - | - | 0.73% | |
| Personal Products | - | - | - | 0.62% | |
| Food & Beverage | - | 2.58% | - | - | |
| Food Producers | - | - | 2.58% | - | |
| Food Products | - | - | - | 2.58% | |
| Automobiles & Parts | - | 0.99% | - | - | |
| Automobiles & Parts | - | - | 0.99% | - | |
| Auto Parts | - | - | - | 0.99% | |
| Consumer Services | 5.90% | - | - | - | |
| Retail | - | 4.79% | - | - | |
| General Retailers | - | - | 4.79% | - | |
| Apparel Retailers | - | - | - | 2.83% | |
| Specialized Consumer Services | - | - | - | 1.71% | |
| Specialty Retailers | - | - | - | 0.25% | |
| Media | - | 1.11% | - | - | |
| Media | - | - | 1.11% | - | |
| Broadcasting & Entertainment | - | - | - | 1.11% | |
| Financials | 9.52% | - | - | - | |
| Financial Services | - | 8.35% | - | - | |
| Financial Services | - | - | 8.35% | - | |
| Asset Managers | - | - | - | 5.61% | |
| Investment Services | - | - | - | 1.97% | |
| Specialty Finance | - | - | - | 0.78% | |
| Insurance | - | 1.17% | - | - | |
| Nonlife Insurance | - | - | 1.17% | - | |
| Reinsurance | - | - | - | 1.17% | |
| Health Care | 3.10% | - | - | - | |
| Health Care | - | 3.10% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.72% | - | |
| Biotechnology | - | - | - | 1.72% | |
| Health Care Equipment & Services | - | - | 1.38% | - | |
| Medical Equipment | - | - | - | 1.38% | |
| Industrials | 31.32% | - | - | - | |
| Industrial Goods & Services | - | 27.33% | - | - | |
| Electronic & Electrical Equipment | - | - | 10.26% | - | |
| Electronic Equipment | - | - | - | 6.45% | |
| Electrical Components & Equipment | - | - | - | 3.81% | |
| Support Services | - | - | 8.03% | - | |
| Business Training & Employment Agencies | - | - | - | 2.60% | |
| Business Support Services | - | - | - | 2.58% | |
| Waste & Disposal Services | - | - | - | 1.87% | |
| Industrial Suppliers | - | - | - | 0.98% | |
| Industrial Engineering | - | - | 5.79% | - | |
| Industrial Machinery | - | - | - | 3.49% | |
| Commercial Vehicles & Trucks | - | - | - | 2.30% | |
| Aerospace & Defence | - | - | 3.25% | - | |
| Aerospace | - | - | - | 2.09% | |
| Defence | - | - | - | 1.17% | |
| Construction & Materials | - | 3.99% | - | - | |
| Construction & Materials | - | - | 3.99% | - | |
| Heavy Construction | - | - | - | 2.92% | |
| Building Materials & Fixtures | - | - | - | 1.07% | |
| Oil & Gas | 14.56% | - | - | - | |
| Oil & Gas | - | 14.56% | - | - | |
| Oil Equipment, Services & Distribution | - | - | 14.56% | - | |
| Oil Equipment & Services | - | - | - | 14.56% | |
| Technology | 9.89% | - | - | - | |
| Technology | - | 9.89% | - | - | |
| Technology Hardware & Equipment | - | - | 9.89% | - | |
| Semiconductors | - | - | - | 8.59% | |
| Telecommunications Equipment | - | - | - | 1.31% | |
| Non-Classified | 0.89% | - | - | - | |
| Cash and Equivalents | 8.56% | - | - | - | |
Regional Allocation
| North America | 87.16% | |
| Cash and Equivalents | 8.56% | |
| Developed Europe - Excl UK | 1.87% | |
| UK | 0.94% | |
| Australia & New Zealand | 0.78% | |
| South & Central America | 0.69% | |
| Non-Classified | 0.00% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 87.16% | - | |
United States
|
- | 81.77% | |
Canada
|
- | 5.39% | |
| Cash and Equivalents | 8.56% | - | |
| Developed Europe - Excl UK | 1.87% | - | |
Germany
|
- | 1.02% | |
Norway
|
- | 0.85% | |
| UK | 0.94% | - | |
United Kingdom
|
- | 0.94% | |
| Australia & New Zealand | 0.78% | - | |
Australia
|
- | 0.78% | |
| South & Central America | 0.69% | - | |
Mexico
|
- | 0.69% | |
| Non-Classified | 0.00% | - | |
Breakdown By Market Cap (%)
| Mega |
|
0.00% |
| Large |
|
0.92% |
| Medium |
|
53.90% |
| Small |
|
28.74% |
| Micro |
|
0.44% |
| Non-Classified |
|
7.45% |
| Bonds |
|
0.00% |
| Cash |
|
8.56% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Reliance Steel & Aluminum Co. | 3.08% | Basic Resources | United States |
| 2 | Jacobs Engineering Group | 2.92% | Construction & Materials | United States |
| 3 | Federated Investors | 2.80% | Financial Services | United States |
| 4 | Oil States International | 2.80% | Oil & Gas | United States |
| 5 | Helmerich & Payne | 2.53% | Oil & Gas | United States |
| 6 | GrafTech International | 1.92% | Industrial Goods & Services | United States |
| 7 | Tetra Tech | 1.87% | Industrial Goods & Services | United States |
| 8 | MKS Instruments | 1.66% | Technology | United States |
| 9 | ATMI Inc | 1.66% | Technology | United States |
| 10 | Unit Corp. | 1.48% | Oil & Gas | United States |
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 | - | 8.41% | - | - | - | - | - | - | - | 8.41% |
| Consumer Goods | - | 7.85% | - | - | - | - | - | - | - | 7.85% |
| Consumer Services | - | 5.90% | - | - | - | - | - | - | - | 5.90% |
| Financials | 0.94% | 8.58% | - | - | - | - | - | - | - | 9.52% |
| Health Care | - | 3.10% | - | - | - | - | - | - | - | 3.10% |
| Industrials | - | 31.32% | - | - | - | - | - | - | - | 31.32% |
| Oil & Gas | - | 14.56% | - | - | - | - | - | - | - | 14.56% |
| Technology | - | 9.89% | - | - | - | - | - | - | - | 9.89% |
| Telecommunications | - | - | - | - | - | - | - | - | - | - |
| Utilities | - | - | - | - | - | - | - | - | - | - |
| Property | - | - | - | - | - | - | - | - | - | - |
| Cash and Equivalents | - | - | - | - | - | - | - | - | 8.56% | 8.56% |
| Managed Funds | - | - | - | - | - | - | - | - | - | - |
| Bonds | - | - | - | - | - | - | - | - | - | - |
| Non-Classified | - | 0.89% | - | - | - | - | - | 0.00% | - | 0.89% |
| 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 | B3BW942 |
| Mex Code | PULMSC |
| Isin Code | GB00B3BW9429 |
| Citi Code | D9H8 |
Charges
| Annual management charge | 1.85% |
Aims and Benchmark
| Benchmark | Russell 2000 Index |
| ABI Sector | North America Equities |
| Aims | The investment strategy of the fund is to purchase units in the Legg Mason US Smaller Companies Fund. That fund aims to achieve capital growth principally through investment in securities of smaller US companies. |
Fund Background
| Launch date | 20/10/2008 |
Ratings
| OBSR |  |
| FE Crown |  |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -3.57 |
| Beta | 1.16 |
| Sharpe | 0.02 |
| Standard Deviation | 16.08 |
| Info Ratio | -0.40 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Porfolio | Yes |
| Smaller Companies | Yes |
| 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 | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilites | 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
Concentrated Porfolio - Thee fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Smaller Companies - The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
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.
Umbrella Liabilites - 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
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.
