Prudential M&G Japan Bond Acc (ex M&G)

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund -3.0% 16.9% 5.9% 7.8% 18.0%
Sector 0.2% 17.6% -2.2% 0.8% 13.2%
Rank 77/96 40/96 6/96 10/96 14/96
Quartile 4 2 1 1 1

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 10.4% 8.8% 9.3%
Sector 3.7% 5.6% 7.2%
Rank 7/96 6/96 5/91
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
MITSUBISHI UFJ FINANCIAL GROUP 6.73
TOYOTA MOTOR CORPORATION 6.01
HITACHI 4.71
SEVEN & I HOLDINGS CO. 4.36
MITSUI & CO. 4.19
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 4.11
SONY CORP 3.88
ORIX CORPORATION 3.61
NEC CORPORATION 2.83
HONDA MOTOR CO. 2.60
Total 43.02

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Japan Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI Japan Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, or do most of their business in Japan. The fund usually holds a concentrated portfolio of fewer than 50 companies. The fund may also invest other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash and near cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging.

Fund Manager

Carl Vine manager of the underlying fund for 4 years and 6 months

Photo of Carl Vine Carl Vine was appointed fund manager of M&G (Lux) Japan Fund and M&G (Lux) Japan Smaller Companies Fund in September 2019 after joining M&G as Co-Head of Asian Investment, with 22 years of investment experience. Carl co-founded Oxford-based Port Meadow Capital Management, a boutique investment firm, in 2014. Prior to that, he worked as a Managing Director and Portfolio Manager for SAC Capital Advisors in Hong Kong and was the Asian-based member of their global investment committee. Before that, Carl was a Managing Director at UBS in Hong Kong, where he invested proprietary capital across Asia and Japan, and a Principal for TPG-Axon Capital. He began his career with Prudential Portfolio Managers in London, before relocating to Tokyo to open Prudential’s Japan office. Carl holds a Bachelor of Arts (Hons) in Politics, Philosophy & Economics from Oxford University.

Fund Overview

Bid (27/03/2024) 580.60
Offer (27/03/2024) 609.70
Fund size (29/02/2024) £6.88m
Underlying Fund size 497438.47¥m
Number of holdings 53
Launch date 25/05/1977

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Asset Allocation

pie chart
  International Equities 98.17%
  Cash and Equivalents 1.83%
  Other Assets 0.00%
Portfolio data accurate as at: 31/01/24

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 98.17%
  Cash and Equivalents 1.83%
  Other Assets 0.00%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Consumer Discretionary 27.01% - - -
 
Automobiles & Parts - 13.34% - -
 
Automobiles & Parts - - 13.34% -
 
Automobiles - - - 8.60%
 
Auto Parts - - - 4.74%
 
Consumer Products & Services - 12.29% - -
 
Leisure Goods - - 10.24% -
 
Consumer Electronics - - - 4.89%
 
Photography - - - 2.10%
 
Recreational Vehicles & Boats - - - 1.96%
 
Toys - - - 1.29%
 
Household Goods & Home Construction - - 2.05% -
 
Home Construction - - - 2.05%
 
Retail - 1.38% - -
 
Retailers - - 1.38% -
 
Apparel Retailers - - - 1.38%
 
Industrials 24.97% - - -
 
Industrial Goods & Services - 24.49% - -
 
Industrial Support Services - - 11.84% -
 
Business Training & Employment Agencies - - - 5.42%
 
Industrial Suppliers - - - 4.19%
 
Transaction Processing Services - - - 2.23%
 
General Industrials - - 7.09% -
 
Diversified Industrials - - - 5.55%
 
Glass - - - 1.54%
 
Electronic & Electrical Equipment - - 2.43% -
 
Electrical Components - - - 1.56%
 
Electronic Equipment: Gauges & Meters - - - 0.87%
 
Industrial Transportation - - 2.11% -
 
Railroads - - - 2.11%
 
Industrial Engineering - - 1.03% -
 
Machinery: Industrial - - - 1.03%
 
Construction & Materials - 0.47% - -
 
Construction & Materials - - 0.47% -
 
Construction - - - 0.47%
 
Financials 12.09% - - -
 
Banks - 6.73% - -
 
Banks - - 6.73% -
 
Banks - - - 6.73%
 
Financial Services - 5.36% - -
 
Investment Banking & Brokerage Services - - 5.36% -
 
Diversified Financial Services - - - 3.61%
 
Investment Services - - - 1.13%
 
Asset Managers & Custodians - - - 0.62%
 
Technology 11.74% - - -
 
Technology - 11.74% - -
 
Technology Hardware & Equipment - - 10.81% -
 
Semiconductors - - - 3.86%
 
Computer Hardware - - - 2.83%
 
Production Technology Equipment - - - 1.57%
 
Electronic Components - - - 1.33%
 
Electronic Office Equipment - - - 1.23%
 
Software & Computer Services - - 0.93% -
 
Computer Services - - - 0.93%
 
Telecommunications 6.02% - - -
 
Telecommunications - 6.02% - -
 
Telecommunications Service Providers - - 6.02% -
 
Telecommunications Services - - - 6.02%
 
Consumer Staples 5.28% - - -
 
Personal Care, Drug & Grocery Stores - 4.36% - -
 
Personal Care, Drug & Grocery Stores - - 4.36% -
 
Food Retailers & Wholesalers - - - 4.36%
 
Nondurable Household Products - - - 0.00%
 
Food, Beverage & Tobacco - 0.93% - -
 
Beverages - - 0.93% -
 
Brewers - - - 0.93%
 
Real Estate 4.44% - - -
 
Real Estate - 4.44% - -
 
Real Estate Investment & Services - - 4.44% -
 
Real Estate Holding and Development - - - 4.44%
 
Health Care 3.85% - - -
 
Health Care - 3.85% - -
 
Pharmaceuticals & Biotechnology - - 3.85% -
 
Pharmaceuticals - - - 2.84%
 
Biotechnology - - - 1.01%
 
Basic Materials 2.76% - - -
 
Chemicals - 2.76% - -
 
Chemicals - - 2.76% -
 
Chemicals: Diversified - - - 1.47%
 
Chemicals & Synthetic Fibers - - - 1.29%
 
Cash and Equivalents 1.83% - - -
 
Non-Classified 0.00% - - -

Regional Allocation

pie chart
  Japan 98.16%
  Cash and Equivalents 1.83%
  Middle East & Africa 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
Japan 98.16% -
 
Japan - 98.16%
 
Cash and Equivalents 1.83% -
 
Middle East & Africa 0.01% -
 
Israel - 0.01%

Breakdown By Market Cap (%)

Mega
 
 
51.05%
Large
 
 
26.62%
Medium
 
 
14.82%
Small
 
 
4.66%
Non-Classified
 
 
1.02%
Cash
 
 
1.83%

Top 10 Holdings

Stock % Weight Sector Country
1 MITSUBISHI UFJ FINANCIAL GROUP 6.73% Banks Japan
2 TOYOTA MOTOR CORPORATION 6.01% Automobiles & Parts Japan
3 HITACHI 4.71% General Industrials Japan
4 SEVEN & I HOLDINGS CO. 4.36% Personal Care, Drug & Grocery Stores Japan
5 MITSUI & CO. 4.19% Industrial Support Services Japan
6 NIPPON TELEGRAPH AND TELEPHONE CORPORATION 4.11% Telecommunications Service Providers Japan
7 SONY CORP 3.88% Leisure Goods Japan
8 ORIX CORPORATION 3.61% Investment Banking & Brokerage Services Japan
9 NEC CORPORATION 2.83% Technology Hardware & Equipment Japan
10 HONDA MOTOR CO. 2.60% Automobiles & Parts Japan

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 11.74% - - - - - - 11.74%
Telecommunications - 6.02% - - - - - - 6.02%
Financials - 12.09% - - - - - - 12.09%
Real Estate - 4.44% - - - - - - 4.44%
Consumer Discretionary - 27.01% - - - - - - 27.01%
Consumer Staples - 5.28% - - - - - - 5.28%
Health Care - 3.85% - - - - - - 3.85%
Industrials - 24.97% - - - - - - 24.97%
Basic Materials - 2.76% - - - - - - 2.76%
Cash and Equivalents - - - - - - - 1.83% 1.83%
Non-Classified - - - - - - - - -

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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 0548997
Mex Code MGJA
Isin Code GB0005489975
Citi Code MG97

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Japan Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI Japan Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, or do most of their business in Japan. The fund usually holds a concentrated portfolio of fewer than 50 companies. The fund may also invest other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash and near cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging.
Benchmark MSCI Japan Index
Sector ABI Japan Equities

Ratings

FE Crown Crown Rating of 5

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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.