Prudential Janus Henderson China Opportunities S2

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 7.8% 3.0% 9.0% -3.0% -15.9%
Sector 2.8% 7.2% -4.4% 14.3% -12.7%
Rank 12/95 76/96 11/96 91/96 64/96
Quartile 1 4 1 4 3

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund -3.8% -0.3% 7.6%
Sector -1.6% 1.0% 3.9%
Rank 82/96 81/95 14/69
Quartile 4 4 1

Top 10 Holdings

Stock % Weight
TENCENT HLDGS LTD 9.16
ALIBABA GROUP HLDG LTD 8.38
AIA GROUP LIMITED 7.94
JD.COM INC 5.46
CHINA MERCHANTS BANK CO. 4.48
NETEASE INC 4.11
HONG KONG EXCHANGES AND CLEARING LIMITED 3.40
LONGI GREEN ENERGY TECH CO LTD 3.18
YUM CHINA HLDGS INC 2.89
BEIJING ORIENTAL YUHONG WATERPROOF 2.73
Total 51.72

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Janus Henderson China Opportunities Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide a return, from a combination of capital growth and income over the long term. To outperform the MSCI Zhong Hua Index by 2.5% per annum, before the deduction of charges, over any 5 year period. The fund invests at least 80% of its assets in a concentrated portfolio of shares (equities) and derivatives (complex financial instruments) of companies, of any size, in any industry, in China or Hong Kong. Companies will have their registered office in or do most of their business (directly or through subsidiaries) in this region. The fund may invest up to 50% of its assets in China A Shares. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings. The fund may also invest in other assets including companies outside this region, depositary receipts or other similar investments, Collective Investment Schemes (including those managed by Janus Henderson) and cash and money market instruments.

The investment manager strategy seeks to identify companies that can generate unexpected earnings growth, at both an industry and stock level, not yet recognised by the broader market. The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the fund more efficiently.

The fund is actively managed with reference to the MSCI Zhong Hua Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the fund's performance target. The investment manager has discretion to choose investments for the fund with weightings different to the index or not in the index.

Fund Manager

May Ling Wee manager of the underlying fund for 5 years

Photo of May Ling Wee May Ling Wee is an Investment Manager at Janus Henderson Investors, a position she has held since joining Henderson in 2015. Previously, May Ling was a portfolio manager with Lloyd George Management in Hong Kong, managing Greater China and Hong Kong equities. Prior to that, she was an investment analyst with Deutsche Bank, Hong Kong. She began her investment career as a research analyst in Dresdner Kleinwort Wasserstein Securities, Singapore and subsequently Hong Kong. May Ling holds a B Com (economics and finance) from the University of New South Wales, Sydney. She holds the Chartered Financial Analyst designation and has 20 years of financial industry experience.

Fund Overview

Bid (12/08/2022) 279.80
Offer (12/08/2022) 294.50
Fund size (30/06/2022) £1.88m
Underlying Fund size £461.68m
Number of holdings 42
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 0.27%
Yearly Total 1.87%

Asset Allocation

pie chart
  International Equities 99.62%
  UK Equities 1.14%
  Property 0.71%
  Alternative Trading Strategies 0.00%
  Cash and Equivalents -1.52%
  Other Assets 0.05%
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 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 Equities 99.62%
  UK Equities 1.14%
  Property 0.71%
  Alternative Trading Strategies 0.00%
  Cash and Equivalents -1.52%
  Other Assets 0.05%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Consumer Discretionary 31.11% - - -
 
Retail - 16.00% - -
 
Retailers - - 16.00% -
 
Diversified Retailers - - - 13.84%
 
Specialty Retailers - - - 2.16%
 
Consumer Products & Services - 9.61% - -
 
Leisure Goods - - 4.11% -
 
Electronic Entertainment - - - 4.11%
 
Personal Goods - - 3.72% -
 
Clothing & Accessories - - - 3.72%
 
Household Goods & Home Construction - - 1.79% -
 
Household Appliance - - - 1.79%
 
Travel & Leisure - 3.45% - -
 
Travel & Leisure - - 3.45% -
 
Restaurants & Bars - - - 2.89%
 
Casinos & Gambling - - - 0.55%
 
Automobiles & Parts - 2.05% - -
 
Automobiles & Parts - - 2.05% -
 
Auto Parts - - - 2.05%
 
Financials 18.31% - - -
 
Insurance - 9.29% - -
 
Life Insurance - - 9.29% -
 
Life Insurance - - - 9.29%
 
Banks - 5.62% - -
 
Banks - - 5.62% -
 
Banks - - - 5.62%
 
Financial Services - 3.40% - -
 
Investment Banking & Brokerage Services - - 3.40% -
 
Investment Services - - - 3.40%
 
Technology 16.31% - - -
 
Technology - 16.31% - -
 
Software & Computer Services - - 11.67% -
 
Consumer Digital Services - - - 11.67%
 
Technology Hardware & Equipment - - 4.64% -
 
Semiconductors - - - 4.11%
 
Electronic Components - - - 0.54%
 
Consumer Staples 8.63% - - -
 
Food, Beverage & Tobacco - 8.63% - -
 
Beverages - - 6.14% -
 
Distillers & Vintners - - - 4.42%
 
Brewers - - - 1.71%
 
Food Producers - - 2.49% -
 
Food Products - - - 2.49%
 
Industrials 8.54% - - -
 
Industrial Goods & Services - 5.81% - -
 
Industrial Engineering - - 2.44% -
 
Machinery: Construction & Handling - - - 1.48%
 
Machinery: Tools - - - 0.96%
 
Electronic & Electrical Equipment - - 2.42% -
 
Electronic Equipment: Gauges & Meters - - - 2.42%
 
General Industrials - - 0.96% -
 
Containers & Packaging - - - 0.96%
 
Construction & Materials - 2.73% - -
 
Construction & Materials - - 2.73% -
 
Building Materials: Other - - - 2.73%
 
Energy 4.87% - - -
 
Energy - 4.87% - -
 
Renewable Energy - - 3.66% -
 
Renewable Energy Equipment - - - 3.66%
 
Non-Renewable Energy - - 1.21% -
 
Integrated Oil & Gas - - - 1.21%
 
Health Care 4.46% - - -
 
Health Care - 4.46% - -
 
Medical Equipment & Services - - 2.31% -
 
Medical Equipment - - - 2.31%
 
Pharmaceuticals & Biotechnology - - 2.16% -
 
Biotechnology - - - 2.16%
 
Utilities 3.97% - - -
 
Utilities - 3.97% - -
 
Gas, Water & Multi-utilities - - 2.02% -
 
Gas Distribution - - - 2.02%
 
Electricity - - 1.94% -
 
Alternative Electricity - - - 1.94%
 
Real Estate 2.83% - - -
 
Real Estate - 2.83% - -
 
Real Estate Investment & Services - - 2.12% -
 
Real Estate Holding and Development - - - 2.12%
 
Real Estate Investment Trusts - - 0.71% -
 
Retail REITs - - - 0.71%
 
Basic Materials 1.93% - - -
 
Basic Resources - 1.93% - -
 
Precious Metals & Mining - - 1.93% -
 
Gold Mining - - - 1.93%
 
Telecommunications 0.51% - - -
 
Telecommunications - 0.51% - -
 
Telecommunications Equipment - - 0.51% -
 
Telecommunications Equipment - - - 0.51%
 
Non-Classified 0.05% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%
 
Cash and Equivalents -1.52% - - -

Regional Allocation

pie chart
  Emerging Asia 55.49%
  Developed Asia 26.24%
  North America 15.38%
  South & Central America 2.51%
  UK 1.14%
  Property 0.71%
  Non-Classified 0.05%
  Cash and Equivalents -1.52%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 97.97%
  Cash 1.43%
  US Dollar 0.60%

Regional Breakdown

Expand allCollapse all
Region Country
 
Emerging Asia 55.49% -
 
China - 55.49%
 
Developed Asia 26.24% -
 
Hong Kong - 26.24%
 
North America 15.38% -
 
United States - 15.38%
 
South & Central America 2.51% -
 
Cayman Islands - 2.51%
 
UK 1.14% -
 
United Kingdom - 1.14%
 
Property 0.71% -
 
Non-Classified 0.05% -
 
Cash and Equivalents -1.52% -

Breakdown By Market Cap (%)

Mega
 
 
35.45%
Large
 
 
21.12%
Non-Classified
 
 
44.96%
Cash
 
-1.52%

Top 10 Holdings

Stock % Weight Sector Country
1 TENCENT HLDGS LTD 9.16% Software & Computer Services Hong Kong
2 ALIBABA GROUP HLDG LTD 8.38% Retailers United States
3 AIA GROUP LIMITED 7.94% Life Insurance Hong Kong
4 JD.COM INC 5.46% Retailers China
5 CHINA MERCHANTS BANK CO. 4.48% Banks China
6 NETEASE INC 4.11% Leisure Goods United States
7 HONG KONG EXCHANGES AND CLEARING LIMITED 3.40% Investment Banking & Brokerage Services Hong Kong
8 LONGI GREEN ENERGY TECH CO LTD 3.18% Technology Hardware & Equipment China
9 YUM CHINA HLDGS INC 2.89% Travel & Leisure United States
10 BEIJING ORIENTAL YUHONG WATERPROOF 2.73% Construction & Materials China

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 16.31% - - - - - - 16.31%
Telecommunications - 0.51% - - - - - - 0.51%
Financials 1.14% 17.17% - - - - - - 18.31%
Real Estate - 2.12% - - - 0.71% - - 2.83%
Consumer Discretionary - 31.11% - - - - - - 31.11%
Consumer Staples - 8.63% - - - - - - 8.63%
Energy - 4.87% - - - - - - 4.87%
Utilities - 3.97% - - - - - - 3.97%
Health Care - 4.46% - - - - - - 4.46%
Industrials - 8.54% - - - - - - 8.54%
Basic Materials - 1.93% - - - - - - 1.93%
Cash and Equivalents - - - - - - - -1.52% -1.52%
Non-Classified - - - - - - 0.05% - 0.05%

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 B3BW2Q5
Mex Code PUGCOP
Isin Code GB00B3BW2Q57
Citi Code DAA3

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 0.27%
Yearly Total 1.87%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Janus Henderson China Opportunities Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide a return, from a combination of capital growth and income over the long term. To outperform the MSCI Zhong Hua Index by 2.5% per annum, before the deduction of charges, over any 5 year period. The fund invests at least 80% of its assets in a concentrated portfolio of shares (equities) and derivatives (complex financial instruments) of companies, of any size, in any industry, in China or Hong Kong. Companies will have their registered office in or do most of their business (directly or through subsidiaries) in this region. The fund may invest up to 50% of its assets in China A Shares. The portfolio may be concentrated in terms of its number of holdings and/or the size of its largest holdings. The fund may also invest in other assets including companies outside this region, depositary receipts or other similar investments, Collective Investment Schemes (including those managed by Janus Henderson) and cash and money market instruments. The investment manager strategy seeks to identify companies that can generate unexpected earnings growth, at both an industry and stock level, not yet recognised by the broader market. The investment manager may use derivatives (complex financial instruments) to reduce risk or to manage the fund more efficiently. The fund is actively managed with reference to the MSCI Zhong Hua Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the fund's performance target. The investment manager has discretion to choose investments for the fund with weightings different to the index or not in the index.
Benchmark MSCI Zhong Hua Index
ABI Sector Global Emerging Markets Equities

Ratings

FE Crown Crown Rating of 1

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 -2.82
Beta 0.62
Sharpe -0.01
Standard Deviation 14.04
Info Ratio -0.21

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets Yes
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 No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

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.

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.