Prudential Aegon Investment Grade Bond Ser A

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/12/15
to
31/12/16
31/12/16
to
31/12/17
31/12/17
to
31/12/18
31/12/18
to
31/12/19
31/12/19
to
31/12/20
Fund 8.1% 5.9% -4.8% 8.4% 7.6%
Sector 8.9% 4.6% -2.6% 9.0% 7.2%
Rank 147/212 29/215 216/217 157/218 91/221
Quartile 3 1 4 3 2

Annualised performance

Annualised
3 Years to
31/12/20
5 Years to
31/12/20
10 Years to
31/12/20
Fund 3.6% 4.9% 5.9%
Sector 4.4% 5.3% 5.6%
Rank 187/217 145/212 52/161
Quartile 4 3 2

Top 10 Holdings

Stock % Weight
WESTERN POWER DISTRIBUTI 3.5% 16/10/2026 2.03
1 3/4 Treasury 2057 1.64
TELEREAL SECURED F SINK 4.01% 10/12/2031 1.64
YORKSHIRE WATER FINANCE VAR 22/03/2046 EMTN 1.58
HBOS STERLING FIN JERSEY VAR 09/12/2168 1.47
BISHOPSGATE ASSET SINK 4.808% 14/08/2044 1.47
ANGLIAN WATER SERV FIN 2.625% 15/06/2027 1.46
E.ON INTL FINANCE BV 5.875% 30/10/2037 EMTN 1.45
KFW 5.75% 07/06/2032 EXCH 1.27
ANGLIAN WATER SERV FIN 4.5% 22/02/2026 EMTN 1.27
Total 15.28

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Aegon Investment Grade Bond Fund - the underlying fund.

Underlying Fund Objective: The fund aims to maximise total return (income plus capital) by investing primarily in investment grade and government bonds denominated in sterling and other currencies. The fund may hold a maximum of 20% in high yield bonds and also hold cash. A minimum of 80% of the fund will be hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.

Fund Manager

Rory Sandilands manager of the underlying fund for 1 years and 4 months

Photo of Rory Sandilands is an investment manager within the Fixed Income team, who co-manages the Kames Sterling Corporate Bond Fund and assists in the managing the Absolute Return funds. Previously, Rory was a vice president in credit sales at Goldman Sachs. In addition, he has also worked in credit sales for Morgan Stanley and in fixed income sales for Merrill Lynch. Rory holds an honours degree in Law with Accountancy from the University of Edinburgh.

Euan McNeil manager of the underlying fund for 11 years and 2 months

Photo of Euan McNeil Euan McNeil is an investment manager in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds as well as several institutional portfolios. Euan joined us in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling.

Fund Overview

Bid (22/01/2021) 174.30
Offer (22/01/2021) 183.50
Fund size (30/11/2020) £0.55m
Underlying Fund size £436.27m
Number of holdings 175
Launch date 25/01/2010

Fund Charges

Annual Management Charge (AMC) 1.70%
Further Costs 0.00%
Yearly Total 1.70%

Asset Allocation

pie chart
  International Bonds 51.02%
  UK Corporate Bonds 46.29%
  UK Gilts 1.64%
  Cash and Equivalents 0.69%
  Alternative Trading Strategies 0.36%
Portfolio data accurate as at: 30/11/20

Important Information

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 product charges, or 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 investment can go down as well as up so you might get back less than you put in.

This factsheet 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 Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 51.02%
  UK Corporate Bonds 46.29%
  UK Gilts 1.64%
  Cash and Equivalents 0.69%
  Alternative Trading Strategies 0.36%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 98.95% - - -
 
Cash and Equivalents 0.69% - - -
 
Alternative Trading Strategies 0.36% - - -
 
Alternative Trading Strategies - 0.36% - -
 
Alternative Trading Strategies - - 0.36% -
 
Alternative Trading Strategies - - - 0.36%

Regional Allocation

pie chart
  UK 47.93%
  Developed Europe - Excl UK 24.92%
  North America 17.18%
  Non-Classified 5.70%
  Australia & New Zealand 1.90%
  Japan 1.38%
  Cash and Equivalents 0.69%
  Middle East & Africa 0.30%

Fixed Interest Currencies

pie chart
  Pound Sterling 70.20%
  Euro 15.13%
  US Dollar 13.62%
  Cash 0.69%
  Non-Fixed Interest Assets 0.36%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 47.93% -
 
United Kingdom - 47.93%
 
Developed Europe - Excl UK 24.92% -
 
Netherlands - 5.01%
 
Germany - 3.67%
 
Luxembourg - 3.65%
 
France - 3.58%
 
Italy - 2.43%
 
Denmark - 1.96%
 
Switzerland - 1.67%
 
Spain - 1.47%
 
Sweden - 1.00%
 
Austria - 0.48%
 
Ireland - 0.00%
 
North America 17.18% -
 
United States - 17.18%
 
Non-Classified 5.70% -
 
Australia & New Zealand 1.90% -
 
Australia - 1.90%
 
Japan 1.38% -
 
Japan - 1.38%
 
Cash and Equivalents 0.69% -
 
Middle East & Africa 0.30% -
 
South Africa - 0.30%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
5.51%
5Yr - 10Yr Maturity
 
 
37.77%
10Yr - 15Yr Maturity
 
 
21.43%
> 15Yr Maturity
 
 
34.25%
Cash And Equivalents
 
 
0.69%
Other Asset Types
 
 
0.36%

Fixed Interest Quality Profile

AAA
 
 
3.91%
AA
 
 
7.12%
A
 
 
16.88%
BBB
 
 
50.37%
Sub-Investment Grade
 
 
5.70%
Unknown Quality
 
 
14.97%
Cash and Equivalents
 
 
0.69%
Other Asset Types
 
 
0.36%

Top 10 Holdings

Stock % Weight Sector Country
1 WESTERN POWER DISTRIBUTI 3.5% 16/10/2026 2.03% Bonds United Kingdom
2 1 3/4 Treasury 2057 1.64% Bonds United Kingdom
3 TELEREAL SECURED F SINK 4.01% 10/12/2031 1.64% Bonds United Kingdom
4 YORKSHIRE WATER FINANCE VAR 22/03/2046 EMTN 1.58% Bonds United Kingdom
5 HBOS STERLING FIN JERSEY VAR 09/12/2168 1.47% Bonds Luxembourg
6 BISHOPSGATE ASSET SINK 4.808% 14/08/2044 1.47% Bonds Non-Classified
7 ANGLIAN WATER SERV FIN 2.625% 15/06/2027 1.46% Bonds United Kingdom
8 E.ON INTL FINANCE BV 5.875% 30/10/2037 EMTN 1.45% Bonds Netherlands
9 KFW 5.75% 07/06/2032 EXCH 1.27% Bonds Germany
10 ANGLIAN WATER SERV FIN 4.5% 22/02/2026 EMTN 1.27% Bonds United Kingdom

Important Information

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 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 Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B5BGJ93
Mex Code PUAIGB
Isin Code GB00B5BGJ933
Citi Code I2X5

Fund Charges

Annual Management Charge (AMC) 1.70%
Further Costs 0.00%
Yearly Total 1.70%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Aegon Investment Grade Bond Fund - the underlying fund. Underlying Fund Objective: The fund aims to maximise total return (income plus capital) by investing primarily in investment grade and government bonds denominated in sterling and other currencies. The fund may hold a maximum of 20% in high yield bonds and also hold cash. A minimum of 80% of the fund will be hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.
Benchmark Investment Association Sterling Corporate Bond sector
Sector ABI Sterling Corporate Bond

Ratings

FE Crown Crown Rating of 2

Important Information

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 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 Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

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 product charges, or 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 net income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet 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 Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.