Pru Life M&G Corporate Bond Acc (ex M&G)

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet

Performance

Discrete Performance - to last month end

31/05/12 to 31/05/13 31/05/11 to 31/05/12 31/05/10 to 31/05/11 31/05/09 to 31/05/10 31/05/08 to 31/05/09
Fund 8.12% 7.12% 5.66% 13.83% 5.89%
Sector 10.00% 3.60% 6.12% 20.18% -7.88%
Rank 170/183 19/178 158/173 130/155 8/145
Quartile 4 1 4 4 1

Annualised Performance

3Y 5Y 10Y
Fund 6.96% 8.08% 5.21%
Sector 6.54% 6.01% 3.72%
Rank 122/173 12/145 12/34
Quartile 3 1 2

Top 10 Holdings

Stock % Weight
3¾% Treasury Gilt 2052 2.77
5% Treasury Stock 2025 2.21
Northern Trust GBP Fund Class D 1.17
ELECTRICITE DE FRANCE 0.96
IMPERIAL TOBACCO FINANCE 0.90
3¼% Treasury Gilt 2044 0.86
ELECTRICITE DE FRANCE 0.78
LLOYDS TSB BANK PLC 0.77
AT+T INC 0.74
AMGEN INC 0.69
Total 11.86

Fund Aims

The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund aims to achieve a higher total return (the combination of income and growth of capital) from investment than would be obtainable in UK government fixed interest securities (ie gilts) of similar maturities. The fund invests mainly in sterling denominated corporate debt instruments. Any currency exposures within the fund may be managed by currency hedges into sterling.

Fund Manager

Richard Woolnough manager for 9 years and 3 months

Photo of Richard Woolnough Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.

Fund Overview

Bid (17/06/2013) 187.50
Offer (17/06/2013) 197.00
Fund size £5.39m
Underlying Fund size £5877.74m
Number of holdings 789
Annual management charge 1.00%
Launch date 21/02/2000

Equity Sector Allocation

FTSE/ICB Supersector % Weight
Investment Grade Corp Bonds 50.99
Bonds 36.13
High Yield Corporate Bond 5.06
Government 4.90
Mortgage backed securities 2.54
Non-Classified 0.27
Cash and Equivalents 0.11
Portfolio data accurate as at: 31/05/13

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 your fund value may be less than the payments you have made. This data is for information purposes only. If there is information or teminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 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. 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

pie chart
  UK Corporate Bonds 53.95%
  International Bonds 39.39%
  UK Gilts 6.28%
  Cash and Equivalents 0.11%
  Other 0.27%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Basic Materials 0.30% - - -
 
 Chemicals - 0.16% - -
 
 Chemicals - - 0.16% -
 
 Specialty Chemicals - - - 0.16%
 
 Basic Resources - 0.14% - -
 
 Forestry & Paper - - 0.14% -
 
 Paper - - - 0.14%
 
 Consumer Goods 1.03% - - -
 
 Food & Beverage - 0.50% - -
 
 Beverages - - 0.27% -
 
 Brewers - - - 0.24%
 
 Distillers & Vintners - - - 0.03%
 
 Food Producers - - 0.23% -
 
 Food Products - - - 0.23%
 
 Personal & Household Goods - 0.43% - -
 
 Household Goods & Home Construction - - 0.22% -
 
 Nondurable Household Products - - - 0.22%
 
 Tobacco - - 0.21% -
 
 Tobacco - - - 0.21%
 
 Automobiles & Parts - 0.10% - -
 
 Automobiles & Parts - - 0.10% -
 
 Auto Parts - - - 0.10%
 
 Consumer Services 3.73% - - -
 
 Retail - 1.79% - -
 
 General Retailers - - 1.54% -
 
 Broadline Retailers - - - 1.07%
 
 Apparel Retailers - - - 0.40%
 
 Specialized Consumer Services - - - 0.07%
 
 Food & Drug Retailers - - 0.26% -
 
 Food Retailers & Wholesalers - - - 0.26%
 
 Travel & Leisure - 1.14% - -
 
 Travel & Leisure - - 1.14% -
 
 Restaurants & Bars - - - 0.60%
 
 Hotels - - - 0.30%
 
 Recreational Services - - - 0.18%
 
 Travel & Tourism - - - 0.06%
 
 Media - 0.80% - -
 
 Media - - 0.80% -
 
 Broadcasting & Entertainment - - - 0.59%
 
 Publishing - - - 0.21%
 
 Financials 17.95% - - -
 
 Banks - 5.79% - -
 
 Banks - - 5.79% -
 
 Banks - - - 5.79%
 
 Financial Services - 4.74% - -
 
 Financial Services - - 4.68% -
 
 Specialty Finance - - - 2.85%
 
 Investment Services - - - 0.78%
 
 Mortgage Finance - - - 0.62%
 
 Asset Managers - - - 0.36%
 
 Consumer Finance - - - 0.08%
 
 Real Estate - 3.78% - -
 
 Real Estate Investment & Services - - 1.98% -
 
 Real Estate Services - - - 1.98%
 
 Real Estate Investment Trusts - - 1.80% -
 
 Retail REITs - - - 0.89%
 
 Industrial & Office REITs - - - 0.79%
 
 Specialty REITs - - - 0.11%
 
 Insurance - 3.64% - -
 
 Nonlife Insurance - - 2.04% -
 
 Full Line Insurance - - - 1.35%
 
 Reinsurance - - - 0.33%
 
 Insurance Brokers - - - 0.24%
 
 Property & Casualty Insurance - - - 0.12%
 
 Life Insurance - - 1.60% -
 
 Life Insurance - - - 1.60%
 
 Health Care 0.88% - - -
 
 Health Care - 0.88% - -
 
 Pharmaceuticals & Biotechnology - - 0.88% -
 
 Biotechnology - - - 0.69%
 
 Pharmaceuticals - - - 0.19%
 
 Industrials 4.17% - - -
 
 Industrial Goods & Services - 4.13% - -
 
 Industrial Transportation - - 2.83% -
 
 Railroads - - - 1.37%
 
 Transportation Services - - - 1.14%
 
 Delivery Services - - - 0.17%
 
 Marine Transportation - - - 0.15%
 
 General Industrials - - 0.62% -
 
 Diversified Industrials - - - 0.62%
 
 Support Services - - 0.47% -
 
 Business Support Services - - - 0.47%
 
 Waste & Disposal Services - - - 0.00%
 
 Aerospace & Defence - - 0.20% -
 
 Defence - - - 0.16%
 
 Aerospace - - - 0.04%
 
 Construction & Materials - 0.04% - -
 
 Construction & Materials - - 0.04% -
 
 Building Materials & Fixtures - - - 0.03%
 
 Heavy Construction - - - 0.01%
 
 Oil & Gas 0.88% - - -
 
 Oil & Gas - 0.88% - -
 
 Oil & Gas Producers - - 0.81% -
 
 Integrated Oil & Gas - - - 0.60%
 
 Oil & Gas Exploration & Production - - - 0.20%
 
 Oil Equipment, Services & Distribution - - 0.07% -
 
 Pipelines - - - 0.07%
 
 Technology 1.52% - - -
 
 Technology - 1.52% - -
 
 Technology Hardware & Equipment - - 0.90% -
 
 Computer Hardware - - - 0.90%
 
 Software & Computer Services - - 0.62% -
 
 Software - - - 0.62%
 
 Telecommunications 2.82% - - -
 
 Telecommunications - 2.82% - -
 
 Fixed Line Telecommunications - - 2.62% -
 
 Fixed Line Telecommunications - - - 2.62%
 
 Mobile Telecommunications - - 0.20% -
 
 Mobile Telecommunications - - - 0.20%
 
 Utilities 6.02% - - -
 
 Utilities - 6.02% - -
 
 Gas, Water & Multiutilities - - 4.24% -
 
 Water - - - 3.65%
 
 Multiutilities - - - 0.33%
 
 Gas Distribution - - - 0.26%
 
 Electricity - - 1.78% -
 
 Conventional Electricity - - - 1.73%
 
 Alternative Electricity - - - 0.04%
 
 Government 4.34% - - -
 
 Government - 4.34% - -
 
 Government - - 4.34% -
 
 Government - - - 4.34%
 
 Corporate Bonds 17.32% - - -
 
 Corporate Bonds - 17.32% - -
 
 Corporate Bonds - - 17.32% -
 
 Corporate Bonds - - - 17.32%
 
 Mortgage Backed securities 2.54% - - -
 
 Mortgage backed securities - 2.54% - -
 
 Mortgage backed securities - - 2.54% -
 
 Mortgage backed securities - - - 2.54%
 
 Non-Classified 36.39% - - -
 
 Cash and Equivalents 0.11% - - -

Regional and Currency Allocation

pie chart
  UK 60.38%
  Developed Europe - Excl UK 20.69%
  North America 15.70%
  Non-Classified 2.52%
  Australia & New Zealand 0.35%
  South & Central America 0.18%
  Other 0.19%
pie chart
  Pound Sterling 84.33%
  US Dollar 8.91%
  Euro 5.16%
  Unrecognised 1.17%
  Non-debt 0.27%
  Cash 0.11%
  Swiss Franc 0.05%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 60.38% -
 
 United Kingdom - 60.38%
 
 Developed Europe - Excl UK 20.69% -
 
 France - 7.24%
 
 Netherlands - 4.57%
 
 Germany - 1.81%
 
 Ireland - 1.64%
 
 Luxembourg - 1.41%
 
 Spain - 1.32%
 
 Italy - 0.97%
 
 Belgium - 0.41%
 
 Norway - 0.35%
 
 Switzerland - 0.32%
 
 Denmark - 0.31%
 
 Portugal - 0.15%
 
 Finland - 0.14%
 
 Sweden - 0.06%
 
 North America 15.70% -
 
 United States - 15.42%
 
 Canada - 0.27%
 
 Non-Classified 2.52% -
 
 Australia & New Zealand 0.35% -
 
 Australia - 0.27%
 
 New Zealand - 0.08%
 
 South & Central America 0.18% -
 
 Mexico - 0.18%
 
 Cash and Equivalents 0.11% -
 
 Developed Asia 0.09% -
 
 Singapore - 0.09%

Breakdown By Market Cap (%)

Mega
 
 
0.00%
Large
 
 
0.00%
Medium
 
 
0.00%
Small
 
 
0.00%
Micro
 
 
0.00%
Non-Classified
 
 
0.27%
Bonds
 
 
99.63%
Cash
 
 
0.11%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
18.78%
5Yr - 10Yr Maturity
 
 
27.70%
10Yr - 15Yr Maturity
 
 
19.94%
> 15Yr Maturity
 
 
32.04%
Cash And Equivalents
 
 
0.11%
Unknown
 
 
1.29%
Other
 
 
0.15%

Fixed Interest Quality Profile

AAA
 
 
12.46%
AA
 
 
12.05%
A
 
 
25.90%
BBB
 
 
41.48%
BB
 
 
3.47%
B
 
 
0.56%
CCC
 
 
0.07%
Other
 
 
4.01%

Top 10 Holdings

Stock % Weight Sector Country
1 3¾% Treasury Gilt 2052 2.77% Bonds United Kingdom
2 5% Treasury Stock 2025 2.21% Bonds United Kingdom
3 Northern Trust GBP Fund Class D 1.17% Bonds United Kingdom
4 ELECTRICITE DE FRANCE 0.96% Utilities France
5 IMPERIAL TOBACCO FINANCE 0.90% Bonds United Kingdom
6 3¼% Treasury Gilt 2044 0.86% Bonds United Kingdom
7 ELECTRICITE DE FRANCE 0.78% Bonds France
8 LLOYDS TSB BANK PLC 0.77% Bonds United Kingdom
9 AT+T INC 0.74% Bonds United States
10 AMGEN INC 0.69% Health Care United States
Portfolio data accurate as at: 31/05/13

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 data is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.

Identification Codes

Sedol Code 0906766
Mex Code MGSHA
Isin Code GB0009067660
Citi Code PK66

Charges

Annual management charge 1.00%

Aims and Benchmark

Benchmark iBoxx Sterling Non-Gilts
ABI Sector Sterling Corporate Bond
Aims The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund aims to achieve a higher total return (the combination of income and growth of capital) from investment than would be obtainable in UK government fixed interest securities (ie gilts) of similar maturities. The fund invests mainly in sterling denominated corporate debt instruments. Any currency exposures within the fund may be managed by currency hedges into sterling.

Fund Background

Launch date 21/02/2000

Ratings

OBSR OBSR rating of Gold
FE Crown Crown Rating of 4