WS Verbatim Income Portfolio 5 Income Class B Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -8.9% | 26.5% | 3.0% | -6.5% | 6.7% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 0.9% | 3.4% | 4.7% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BROADCOM INC | 2.78 |
| ENEL SPA | 2.59 |
| LEGAL & GENERAL GROUP | 2.33 |
| UNILEVER | 2.27 |
| CME GROUP INC | 2.12 |
| VODAFONE GROUP | 2.02 |
| SMITH(DS) | 1.94 |
| ADMIRAL GROUP | 1.86 |
| BANK OF NOVA SCOTIA | 1.85 |
| TAIWAN SEMICONDUCTOR MANUFACTURING | 1.67 |
| Total | 21.43 |
Fund Aims
The Fund will use a broadly cautious balanced investment strategy with the aim of achieving income with some potential for capital growth over the medium to longer term.
Fund Manager
Henning Meyer is Co-fund Manager of the DMS Verbatim Portfolio 5 Income Fund and works within the Multi-Asset team at Sarasin & Partners. Henning is also the fund manager on Sarasin’s GlobalSar range of Multi-Asset funds as well as a number of segregated balanced portfolios. Henning joined Sarasin & Partners in 2014 as an Investment Manager within the Private Client department, moving to his current role in February 2017.
Mark is the Co-Fund Manager of the Sarasin Sterling Bond Fund and Sarasin Responsible Corporate Bond Fund. He has 17 years’ experience working in fixed income asset management and prior to joining Sarasin in 2013, he worked for M&G Investments and Albany Capital Consulting. Mark holds the Investment Management Certificate and obtained Bachelor of Management Degree – Double Major in International Management and Finance from the University of Lethbridge, Alberta, Canada.
Fund Overview
| Mid (26/04/2024) | £1.29 |
| Historic yield | 2.64% |
| Fund size (31/07/2021) | £12.65m |
| Number of holdings | 117 |
| Entry Charge | 0.00% |
| Ongoing Charges | 1.23% |
| Launch date | 01/03/2010 |
Asset Allocation
| International Equities | 28.85% | |
| UK Corporate Bonds | 24.86% | |
| UK Equities | 13.73% | |
| International Bonds | 11.91% | |
| Investment Trusts | 3.69% | |
| Property | 1.46% | |
| Cash and Equivalents | 0.40% | |
| Other Assets | 15.12% |
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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 Equities | 28.85% | |
| UK Corporate Bonds | 24.86% | |
| UK Equities | 13.73% | |
| International Bonds | 11.91% | |
| Investment Trusts | 3.69% | |
| Property | 1.46% | |
| Cash and Equivalents | 0.40% | |
| Other Assets | 15.12% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 36.76% | - | - | - | |
| Non-Classified | 15.12% | - | - | - | |
| Non-Classified | - | 14.75% | - | - | |
| Non-Classified | - | - | 14.75% | - | |
| Non-Classified | - | - | - | 14.75% | |
| Financials | 12.50% | - | - | - | |
| Financial Services | - | 6.00% | - | - | |
| Equity Investment Instruments | - | - | 3.69% | - | |
| Equity Investment Instruments | - | - | - | 3.69% | |
| Investment Banking & Brokerage Services | - | - | 2.31% | - | |
| Investment Services | - | - | - | 2.12% | |
| Asset Managers & Custodians | - | - | - | 0.19% | |
| Insurance | - | 4.19% | - | - | |
| Life Insurance | - | - | 2.33% | - | |
| Life Insurance | - | - | - | 2.33% | |
| Non-life Insurance | - | - | 1.86% | - | |
| Property & Casualty Insurance | - | - | - | 1.86% | |
| Banks | - | 2.32% | - | - | |
| Banks | - | - | 2.32% | - | |
| Banks | - | - | - | 2.32% | |
| Consumer Staples | 5.72% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 4.40% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.40% | - | |
| Personal Products | - | - | - | 3.52% | |
| Nondurable Household Products | - | - | - | 0.88% | |
| Food, Beverage & Tobacco | - | 1.32% | - | - | |
| Food Producers | - | - | 1.32% | - | |
| Food Products | - | - | - | 1.32% | |
| Health Care | 5.71% | - | - | - | |
| Health Care | - | 5.71% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.30% | - | |
| Pharmaceuticals | - | - | - | 5.30% | |
| Medical Equipment & Services | - | - | 0.27% | - | |
| Medical Equipment | - | - | - | 0.27% | |
| Health Care Providers | - | - | 0.14% | - | |
| Health Care Services | - | - | - | 0.14% | |
| Industrials | 5.60% | - | - | - | |
| Industrial Goods & Services | - | 5.60% | - | - | |
| General Industrials | - | - | 3.27% | - | |
| Containers & Packaging | - | - | - | 1.94% | |
| Diversified Industrials | - | - | - | 1.32% | |
| Industrial Support Services | - | - | 1.40% | - | |
| Professional Business Support Services | - | - | - | 1.28% | |
| Security Services | - | - | - | 0.11% | |
| Industrial Transportation | - | - | 0.94% | - | |
| Delivery Services | - | - | - | 0.94% | |
| Technology | 4.72% | - | - | - | |
| Technology | - | 4.72% | - | - | |
| Technology Hardware & Equipment | - | - | 4.72% | - | |
| Semiconductors | - | - | - | 4.58% | |
| Computer Hardware | - | - | - | 0.14% | |
| Telecommunications | 3.66% | - | - | - | |
| Telecommunications | - | 3.66% | - | - | |
| Telecommunications Service Providers | - | - | 2.02% | - | |
| Telecommunications Services | - | - | - | 2.02% | |
| Telecommunications Equipment | - | - | 1.63% | - | |
| Telecommunications Equipment | - | - | - | 1.63% | |
| Utilities | 2.85% | - | - | - | |
| Utilities | - | 2.85% | - | - | |
| Electricity | - | - | 2.85% | - | |
| Conventional Electricity | - | - | - | 2.85% | |
| Basic Materials | 2.77% | - | - | - | |
| Chemicals | - | 1.77% | - | - | |
| Chemicals | - | - | 1.77% | - | |
| Specialty Chemicals | - | - | - | 1.77% | |
| Basic Resources | - | 1.00% | - | - | |
| Industrial Metals & Mining | - | - | 1.00% | - | |
| General Mining | - | - | - | 1.00% | |
| Real Estate | 2.64% | - | - | - | |
| Real Estate | - | 2.64% | - | - | |
| Real Estate Investment Trusts | - | - | 2.64% | - | |
| Health Care REITs | - | - | - | 1.30% | |
| Infrastructure REITs | - | - | - | 1.18% | |
| Industrial REITs | - | - | - | 0.16% | |
| Consumer Discretionary | 1.36% | - | - | - | |
| Retail | - | 1.00% | - | - | |
| Retailers | - | - | 1.00% | - | |
| Home Improvement Retailers | - | - | - | 1.00% | |
| Media | - | 0.25% | - | - | |
| Media | - | - | 0.25% | - | |
| Publishing | - | - | - | 0.25% | |
| Automobiles & Parts | - | 0.11% | - | - | |
| Automobiles & Parts | - | - | 0.11% | - | |
| Tires | - | - | - | 0.11% | |
| Cash and Equivalents | 0.40% | - | - | - | |
| Energy | 0.19% | - | - | - | |
| Energy | - | 0.19% | - | - | |
| Non-Renewable Energy | - | - | 0.19% | - | |
| Integrated Oil & Gas | - | - | - | 0.19% | |
Regional Allocation
| UK | 38.58% | |
| North America | 20.52% | |
| Non-Classified | 23.31% | |
| Developed Europe - Excl UK | 12.65% | |
| Emerging Asia | 1.67% | |
| Property | 1.46% | |
| Japan | 1.26% | |
| Cash and Equivalents | 0.40% | |
| Australia & New Zealand | 0.14% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 62.84% | |
| Pound Sterling | 35.50% | |
| US Dollar | 1.26% | |
| Cash | 0.40% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 38.58% | - | |
United Kingdom
|
- | 38.58% | |
| North America | 20.52% | - | |
United States
|
- | 18.49% | |
Canada
|
- | 2.04% | |
| Non-Classified | 23.31% | - | |
| Developed Europe - Excl UK | 12.65% | - | |
France
|
- | 2.75% | |
Italy
|
- | 2.59% | |
Ireland
|
- | 1.55% | |
Netherlands
|
- | 1.45% | |
Germany
|
- | 1.32% | |
Switzerland
|
- | 1.28% | |
Spain
|
- | 1.03% | |
Luxembourg
|
- | 0.49% | |
Norway
|
- | 0.19% | |
| Emerging Asia | 1.67% | - | |
Taiwan
|
- | 1.67% | |
| Property | 1.46% | - | |
| Japan | 1.26% | - | |
Japan
|
- | 1.26% | |
| Cash and Equivalents | 0.40% | - | |
| Australia & New Zealand | 0.14% | - | |
Australia
|
- | 0.14% | |
Breakdown By Market Cap (%)
| Mega |
|
22.17% |
| Large |
|
8.87% |
| Medium |
|
0.85% |
| Non-Classified |
|
30.96% |
| Bonds |
|
36.76% |
| Cash |
|
0.40% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
1.78% |
| 5Yr - 10Yr Maturity |
|
12.23% |
| 10Yr - 15Yr Maturity |
|
6.66% |
| > 15Yr Maturity |
|
16.09% |
| Cash And Equivalents |
|
0.40% |
| Unknown Maturity |
|
0.37% |
| Other Asset Types |
|
62.48% |
Fixed Interest Quality Profile
| AAA |
|
0.54% |
| AA |
|
1.83% |
| A |
|
8.59% |
| BBB |
|
21.06% |
| Unknown Quality |
|
4.75% |
| Cash and Equivalents |
|
0.40% |
| Other Asset Types |
|
62.84% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SAR GL HI STERL --- SHS -I- HEDGED GBP | 14.75% | Managed Funds | Managed Funds |
| 2 | Sarasin Global Higher Dividend Class I | 6.67% | Managed Funds | Managed Funds |
| 3 | BROADCOM INC | 2.47% | Technology Hardware & Equipment | United States |
| 4 | ENEL SPA | 2.30% | Electricity | Italy |
| 5 | LEGAL & GENERAL GROUP | 2.16% | Life Insurance | United Kingdom |
| 6 | VODAFONE GROUP | 2.02% | Telecommunications Service Providers | United Kingdom |
| 7 | UNILEVER | 1.97% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 8 | SMITH(DS) | 1.94% | General Industrials | United Kingdom |
| 9 | ADMIRAL GROUP | 1.86% | Non-life Insurance | United Kingdom |
| 10 | CME GROUP INC | 1.85% | Investment Banking & Brokerage Services | United States |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BROADCOM INC | 2.78% | Technology Hardware & Equipment | United States |
| 2 | ENEL SPA | 2.59% | Electricity | Italy |
| 3 | LEGAL & GENERAL GROUP | 2.33% | Life Insurance | United Kingdom |
| 4 | UNILEVER | 2.27% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 5 | CME GROUP INC | 2.12% | Investment Banking & Brokerage Services | United States |
| 6 | VODAFONE GROUP | 2.02% | Telecommunications Service Providers | United Kingdom |
| 7 | SMITH(DS) | 1.94% | General Industrials | United Kingdom |
| 8 | ADMIRAL GROUP | 1.86% | Non-life Insurance | United Kingdom |
| 9 | BANK OF NOVA SCOTIA | 1.85% | Banks | Canada |
| 10 | TAIWAN SEMICONDUCTOR MANUFACTURING | 1.67% | Technology Hardware & Equipment | Taiwan |
Important Information
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 | B3P1DM1 |
| Mex Code | - |
| Isin Code | GB00B3P1DM13 |
| Citi Code | IBF3 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 1.23% |
Aims and Benchmark
| Aims | The Fund will use a broadly cautious balanced investment strategy with the aim of achieving income with some potential for capital growth over the medium to longer term. |
| Benchmark | Composite |
| Benchmark Category | - |
| IA Sector | Unclassified |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 27 February |
| 01 April | 31 May |
| 01 July | 31 August |
| 01 October | 30 November |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | CACEIS Bank |
| Fund Administrator | IFDS |
| Fund Registrar | FNZ TA Services |
| Fund Custodian | CACEIS Bank |
Group Details
| Group name | WS Verbatim Income |
| Group address | Fintel House St Andrew's Road Huddersfield HD1 6NA |
| Group telephone | 0844 931 1001 |
| Dealing telephone | - |
| - | |
| Homepage | www.verbatimassetmanagement.co.uk/ |
| Fax number | - |
Dealing
| Minimum Investment | £2500000 |
| Minimum Top Up | £35000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges 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 | -1.11 |
| Beta | 1.17 |
| Sharpe | 0.00 |
| Standard Deviation | 8.78 |
| Info Ratio | -0.29 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| 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 | Yes |
| Exchange Rate | Yes |
| Higher Risk | No |
| 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
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
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.
Property
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
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.
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
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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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.