Prudential Artemis Strategic Bond S2

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

Performance

Discrete performance - to last month end

30/06/17
to
30/06/18
30/06/18
to
30/06/19
30/06/19
to
30/06/20
30/06/20
to
30/06/21
30/06/21
to
30/06/22
Fund 0.2% 2.2% 1.9% 2.9% -10.3%
Sector -0.6% 3.3% 1.8% 5.7% -10.2%
Rank 46/123 99/123 75/124 118/127 64/126
Quartile 2 4 3 4 3

Annualised performance

Annualised
3 Years to
30/06/22
5 Years to
30/06/22
10 Years to
30/06/22
Fund -2.0% -0.7% 2.4%
Sector -1.1% -0.2% 2.3%
Rank 106/123 109/122 70/110
Quartile 4 4 3

Top 10 Holdings

Stock % Weight
⅜% Treasury Gilt 2026 7.92
⅛% Treasury Gilt 2024 4.43
⅛% Treasury Gilt 2023 4.12
CPPIB CAPITAL INC 1.25% 12/07/2027 1.10
NGG FINANCE PLC 5.625% 06/18/2073 1.08
RAC BOND CO PLC 4.87% 05/06/2026 1.08
KFW 1.375% 12/09/2024 1.05
INTESA SANPAOLO SPA 2.5% 01/15/2030 1.03
OCADO GROUP PLC 3.875% 10/08/2026 1.03
WHITBREAD GROUP PLC 3% 05/31/2031 1.00
Total 23.84

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Artemis Strategic Bond Fund - the underlying fund.

Underlying Fund Objective: The fund aims to achieve a combination of income and capital growth by investing predominantly in fixed income markets but may selectively invest in other markets. Equal emphasis is given to the security of capital and income although from time to time one may take prominence over the other in accordance with the strategy being pursued.

Fund Manager

Rebecca Young manager of the underlying fund for 0 years and 8 months

Photo of Rebecca Young Rebecca co-manages the Artemis ‘strategic bond’ strategy. She joined Artemis in 2021 from Janus Henderson, where she held positions as co-manager of the Janus Henderson Horizon Strategic Bond Fund and the Janus Henderson Preference & Bond Fund. She began her career at Henderson in 2009, initially working as an analyst and, from 2014, as a portfolio manager. A Chartered Financial Analyst, Rebecca also holds a master’s in mathematics from the University of Bath, the CFA UK Level 4 Certificate in ESG Investing and the Society of Technical Analysts diploma.

Juan Valenzuela manager of the underlying fund for 0 years and 10 months

Photo of Juan Valenzuela Juan has degrees in both Law and Business from Carlos III University in Madrid. He began his career in 2003 at JP Morgan in Edinburgh. He joined SWIP in 2006 to manage several mandates, including its Absolute Return Bond Fund. Juan went next to Alliance Trust, where from 2012 he helped launch and then co-managed the Dynamic Bond Fund. Before joining Artemis in February 2019, Juan worked from 2015 at Kames Capital, where he co-managed Kames’ Strategic (onshore and global) Bond Funds, LBPAM Kames Absolute Return Bond Fund and Core Plus Fund. Juan is a CFA charterholder.

Fund Overview

Bid (01/07/2022) 161.50
Offer (01/07/2022) 170.00
Fund size (30/04/2022) £9.01m
Underlying Fund size £1322.25m
Number of holdings 159
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.35%
Further Costs 0.08%
Yearly Total 1.43%

Asset Allocation

pie chart
  International Bonds 44.66%
  UK Corporate Bonds 28.30%
  UK Gilts 16.48%
  Alternative Trading Strategies 0.95%
  Cash and Equivalents 0.61%
  International Equities 0.00%
  Other Assets 9.01%
Portfolio data accurate as at: 31/03/22

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 GBP with net 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 44.66%
  UK Corporate Bonds 28.30%
  UK Gilts 16.48%
  Alternative Trading Strategies 0.95%
  Cash and Equivalents 0.61%
  International Equities 0.00%
  Other Assets 9.01%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 89.43% - - -
 
Non-Classified 9.01% - - -
 
Alternative Trading Strategies 0.95% - - -
 
Alternative Trading Strategies - 0.95% - -
 
Alternative Trading Strategies - - 0.95% -
 
Alternative Trading Strategies - - - 0.95%
 
Cash and Equivalents 0.61% - - -
 
Energy 0.00% - - -
 
Energy - 0.00% - -
 
Non-Renewable Energy - - 0.00% -
 
Oil Equipment & Services - - - 0.00%

Regional Allocation

pie chart
  UK 44.78%
  Developed Europe - Excl UK 26.89%
  North America 13.16%
  Non-Classified 11.69%
  Australia & New Zealand 2.22%
  Middle East & Africa 0.67%
  Cash and Equivalents 0.61%

Fixed Interest Currencies

pie chart
  Pound Sterling 51.15%
  US Dollar 19.25%
  Euro 17.20%
  Non-Fixed Interest Assets 9.96%
  New Zealand Dollar 1.38%
  Cash 0.61%
  Canadian Dollar 0.44%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 44.78% -
 
United Kingdom - 44.78%
 
Developed Europe - Excl UK 26.89% -
 
France - 8.28%
 
Netherlands - 4.98%
 
Germany - 3.25%
 
Ireland - 2.28%
 
Italy - 1.81%
 
Sweden - 1.70%
 
Luxembourg - 1.66%
 
Switzerland - 0.95%
 
Norway - 0.77%
 
Spain - 0.63%
 
Austria - 0.56%
 
North America 13.16% -
 
United States - 12.71%
 
Canada - 0.44%
 
Non-Classified 11.69% -
 
Australia & New Zealand 2.22% -
 
New Zealand - 1.38%
 
Australia - 0.83%
 
Middle East & Africa 0.67% -
 
Israel - 0.67%
 
Cash and Equivalents 0.61% -

Breakdown By Market Cap (%)

Non-Classified
 
 
9.96%
Bonds
 
 
89.43%
Cash
 
 
0.61%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
34.93%
5Yr - 10Yr Maturity
 
 
27.80%
10Yr - 15Yr Maturity
 
 
3.67%
> 15Yr Maturity
 
 
23.03%
Cash And Equivalents
 
 
0.61%
Unknown Maturity
 
 
9.01%
Other Asset Types
 
 
0.95%

Fixed Interest Quality Profile

AAA
 
 
2.87%
AA
 
 
16.67%
A
 
 
5.68%
BBB
 
 
19.29%
Sub-Investment Grade
 
 
19.32%
Unknown Quality
 
 
25.60%
Cash and Equivalents
 
 
0.61%
Other Asset Types
 
 
9.96%

Top 10 Holdings

Stock % Weight Sector Country
1 ⅜% Treasury Gilt 2026 7.92% Bonds United Kingdom
2 ⅛% Treasury Gilt 2024 4.43% Bonds United Kingdom
3 ⅛% Treasury Gilt 2023 4.12% Bonds United Kingdom
4 CPPIB CAPITAL INC 1.25% 12/07/2027 1.10% Non-Classified Non-Classified
5 NGG FINANCE PLC 5.625% 06/18/2073 1.08% Bonds United Kingdom
6 RAC BOND CO PLC 4.87% 05/06/2026 1.08% Bonds United Kingdom
7 KFW 1.375% 12/09/2024 1.05% Bonds Germany
8 INTESA SANPAOLO SPA 2.5% 01/15/2030 1.03% Bonds Italy
9 OCADO GROUP PLC 3.875% 10/08/2026 1.03% Bonds United Kingdom
10 WHITBREAD GROUP PLC 3% 05/31/2031 1.00% Bonds United Kingdom

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 B3BW0C7
Mex Code PUASTT
Isin Code GB00B3BW0C71
Citi Code D9U9

Fund Charges

Annual Management Charge (AMC) 1.35%
Further Costs 0.08%
Yearly Total 1.43%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Artemis Strategic Bond Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve a combination of income and capital growth by investing predominantly in fixed income markets but may selectively invest in other markets. Equal emphasis is given to the security of capital and income although from time to time one may take prominence over the other in accordance with the strategy being pursued.
Benchmark Markit iBoxx Sterling Non Gilts Overall
ABI Sector Sterling Strategic Bond

Ratings

FE Crown Crown Rating of 4

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 -0.98
Beta 0.78
Sharpe 0.00
Standard Deviation 5.22
Info Ratio -0.70

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds Yes
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure Yes
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities No
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

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

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.

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.

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 GBP with net 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.

"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.