PIA BNY Mellon Global Bond USD Ser B USD

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

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 Brain manager of the underlying fund for 13 years and 7 months

Photo of Paul Brain 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

pie chart
  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%
Portfolio data accurate as at: 30/06/22

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  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

Expand allCollapse all
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

pie chart
  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

pie chart
  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

Expand allCollapse all
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
Sector OI Global Fixed Interest

Ratings

FE Crown Crown Rating of 2

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.