PIA BNY Mellon Global Bond USD Ser B USD
Performance
Discrete performance - to last month end
| 31/07/17 to 31/07/18 |
31/07/18 to 31/07/19 |
31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
|
|---|---|---|---|---|---|
| Fund | -1.2% | 4.7% | 8.8% | -2.8% | -16.1% |
| Sector | -1.7% | 3.6% | 5.4% | 1.4% | -16.3% |
| Rank | 146/344 | 168/382 | 105/392 | 366/421 | 222/428 |
| Quartile | 2 | 2 | 2 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/22 |
5 Years to 31/07/22 |
10 Years to 31/07/22 |
||
| Fund | -3.9% | -1.7% | -1.4% | |
| Sector | -3.6% | -1.8% | -0.5% | |
| Rank | 198/392 | 156/344 | 162/235 | |
| Quartile | 3 | 2 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| CURRENCY CONTRACT - JPY | 14.77 |
| US TR FRN 01/31/24 | 5.29 |
| US TS 1.125% 01/15/25 | 4.66 |
| US TS 2.375% 05/15/29 | 4.58 |
| US TS 2.875% 05/15/43 | 3.36 |
| DENMAR 0.5% 11/15/29 | 3.18 |
| JAPAN 0.5% 09/20/46 | 3.11 |
| US TSY 3% 11/15/45 | 3.02 |
| CAN HS 2.35% 09/15/23 | 2.50 |
| AUSTRA 0.5% 09/21/26 | 2.46 |
| Total | 46.92 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the BNY Mellon Global Bond Fund - the underlying fund.
Underlying Fund Objective: The fund aims to maximise total returns from income and capital growth. The fund invests in a portfolio of international, sovereign, government, agency, corporate, bank and asset backed debt and debt related securities and in derivatives. The fund is denominated in US dollars.
Fund Manager
Paul is head of the fixed income team. He joined Newton in 2004, and manages a range of global bond portfolios. He is also part of the leadership team for the Newton Global Dynamic Bond strategy. Paul is chairman of the bond/FX strategy group, and a member of the global strategy group and the investment committee.
Paul has held a number of senior fixed-income positions within the industry at MSG & Partners, Investec and Credit Suisse. Outside of work, Paul enjoys cycling, learning foreign languages and travel.
Fund Overview
| Bid (12/08/2022) | 1.23 |
| Offer (12/08/2022) | 1.30 |
| Fund size (30/06/2022) | $0.33m |
| Underlying Fund size | £370.50m |
| Number of holdings | 148 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.45% |
| Further Costs | 0.13% |
| Yearly Total | 1.58% |
Asset Allocation
| International Bonds | 80.12% | |
| UK Corporate Bonds | 3.41% | |
| Cash and Equivalents | 1.41% | |
| UK Gilts | 1.05% | |
| Alternative Trading Strategies | -1.14% | |
| Other Assets | 15.14% |
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 the fund's currency of denomination 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 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.
Asset Allocation
| International Bonds | 80.12% | |
| UK Corporate Bonds | 3.41% | |
| Cash and Equivalents | 1.41% | |
| UK Gilts | 1.05% | |
| Alternative Trading Strategies | -1.14% | |
| Other Assets | 15.14% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 84.59% | - | - | - | |
| Non-Classified | 15.14% | - | - | - | |
| Cash and Equivalents | 1.41% | - | - | - | |
| Alternative Trading Strategies | -1.14% | - | - | - | |
| Alternative Trading Strategies | - | -1.14% | - | - | |
| Alternative Trading Strategies | - | - | -1.14% | - | |
| Alternative Trading Strategies | - | - | - | -1.14% | |
Regional Allocation
| North America | 34.32% | |
| Developed Europe - Excl UK | 22.40% | |
| Non-Classified | 14.01% | |
| Australia & New Zealand | 11.55% | |
| Japan | 5.12% | |
| UK | 4.46% | |
| South & Central America | 3.07% | |
| Emerging Asia | 2.28% | |
| Cash and Equivalents | 1.41% | |
| Other Regions | 1.38% |
Fixed Interest Currencies
| US Dollar | 31.90% | |
| Euro | 15.48% | |
| Non-Fixed Interest Assets | 14.01% | |
| Canadian Dollar | 9.52% | |
| Australian Dollar | 5.48% | |
| New Zealand Dollar | 5.39% | |
| Other Currencies | 18.22% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 34.32% | - | |
United States
|
- | 21.16% | |
Canada
|
- | 13.16% | |
| Developed Europe - Excl UK | 22.40% | - | |
Italy
|
- | 4.88% | |
Spain
|
- | 3.89% | |
Denmark
|
- | 3.18% | |
France
|
- | 3.04% | |
Luxembourg
|
- | 2.49% | |
Germany
|
- | 2.26% | |
Ireland
|
- | 1.50% | |
Sweden
|
- | 1.16% | |
| Non-Classified | 14.01% | - | |
| Australia & New Zealand | 11.55% | - | |
Australia
|
- | 6.17% | |
New Zealand
|
- | 5.39% | |
| Japan | 5.12% | - | |
Japan
|
- | 5.12% | |
| UK | 4.46% | - | |
United Kingdom
|
- | 4.46% | |
| South & Central America | 3.07% | - | |
Colombia
|
- | 1.86% | |
Mexico
|
- | 1.20% | |
| Emerging Asia | 2.28% | - | |
Indonesia
|
- | 1.51% | |
Malaysia
|
- | 0.77% | |
| Cash and Equivalents | 1.41% | - | |
| Emerging Europe | 0.98% | - | |
Poland
|
- | 0.98% | |
| Middle East & Africa | 0.40% | - | |
Qatar
|
- | 0.40% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
30.89% |
| 5Yr - 10Yr Maturity |
|
27.23% |
| 10Yr - 15Yr Maturity |
|
7.94% |
| > 15Yr Maturity |
|
18.54% |
| Cash And Equivalents |
|
1.41% |
| Unknown Maturity |
|
15.14% |
| Other Asset Types |
|
-1.14% |
Fixed Interest Quality Profile
| AAA |
|
42.55% |
| AA |
|
5.32% |
| A |
|
6.82% |
| BBB |
|
10.01% |
| Unknown Quality |
|
19.89% |
| Cash and Equivalents |
|
1.41% |
| Other Asset Types |
|
14.01% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | CURRENCY CONTRACT - JPY | 14.77% | Non-Classified | Non-Classified |
| 2 | US TR FRN 01/31/24 | 5.29% | Non-Classified | Non-Classified |
| 3 | US TS 1.125% 01/15/25 | 4.66% | Non-Classified | Non-Classified |
| 4 | US TS 2.375% 05/15/29 | 4.58% | Bonds | United States |
| 5 | US TS 2.875% 05/15/43 | 3.36% | Bonds | United States |
| 6 | DENMAR 0.5% 11/15/29 | 3.18% | Bonds | Denmark |
| 7 | JAPAN 0.5% 09/20/46 | 3.11% | Bonds | Japan |
| 8 | US TSY 3% 11/15/45 | 3.02% | Bonds | United States |
| 9 | CAN HS 2.35% 09/15/23 | 2.50% | Bonds | Canada |
| 10 | AUSTRA 0.5% 09/21/26 | 2.46% | Bonds | Australia |
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 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.
Identification Codes
| Sedol Code | B0MSS18 |
| Mex Code | SBMGBB |
| Isin Code | IE00B0MSS189 |
| Citi Code | TJ71 |
Fund Charges
| Annual Management Charge (AMC) | 1.45% |
| Further Costs | 0.13% |
| Yearly Total | 1.58% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the BNY Mellon Global Bond Fund - the underlying fund. Underlying Fund Objective: The fund aims to maximise total returns from income and capital growth. The fund invests in a portfolio of international, sovereign, government, agency, corporate, bank and asset backed debt and debt related securities and in derivatives. The fund is denominated in US dollars. |
| Benchmark | JP Morgan Global GBI TR |
| ABI Sector | Global Fixed Interest |
Ratings
| FE Crown |  |
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 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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.83 |
| Beta | 0.95 |
| Sharpe | 0.00 |
| Standard Deviation | 6.57 |
| Info Ratio | -0.18 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| 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 | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | Yes |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Offshore
The fund is not UK domiciled, and investors are not normally entitled to compensation through the UK Financial Services Compensation Scheme.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilities
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.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
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
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 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 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.
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 the fund's currency of denomination 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 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.
The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.