Prudential Artemis Strategic Bond S4

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

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 -2.1% 7.5% -3.7% -6.5% 6.2%
Sector -3.3% 11.7% -2.7% -5.9% 5.7%
Rank 50/116 104/119 94/119 77/119 71/121
Quartile 2 4 4 3 3

Annualised performance

Annualised
3 Years to
31/03/24
5 Years to
31/03/24
10 Years to
31/03/24
Fund -1.5% 0.1% 1.3%
Sector -1.1% 0.9% 1.5%
Rank 82/119 89/116 80/112
Quartile 3 4 3

Top 10 Holdings

Stock % Weight
⅛% Treasury Gilt 2028 2.45
TSY INFL IX N/B 1.375% 07/15/2033 2.42
4¾% Treasury Gilt 2043 2.22
TSY INFL IX N/B 0.375% 07/15/2027 1.79
US TREASURY N/B 2.875% 04/30/2029 1.76
NEW ZEALAND GVT ILB 2.5% 09/20/2035 1.73
⅜% Treasury Gilt 2026 1.72
TSY INFL IX N/B 1.375% 02/15/2044 1.70
US TREASURY N/B 2.375% 02/15/2042 1.62
PLACES FOR PEOPLE TREAS 6.25% 12/06/2041 1.35
Total 18.77

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 80% to 100% in debt and debt-related securities (of any credit quality). The fund may also invest in cash and near cash , other transferable securities, other funds (up to, 10%) managed by Artemis and third part funds, money market instruments, and company shares. The fund may also use derivatives for efficient portfolio management, to reduce risk and manage the fund efficiently.

Fund Manager

Juan Valenzuela manager of the underlying fund for 2 years and 7 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.

David Ennett manager of the underlying fund for 0 years and 5 months

Photo of David Ennett TBC

Grace Le manager of the underlying fund for 0 years and 5 months

Photo of Grace Le TBC

Liam O’Donnell manager of the underlying fund for 0 years and 4 months

Photo of Liam O’Donnell TBC

Fund Overview

Bid (12/04/2024) 162.80
Offer (12/04/2024) 171.40
Fund size (29/02/2024) £7.42m
Underlying Fund size £1039.49m
Number of holdings 160
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 0.11%
Yearly Total 1.71%

Asset Allocation

pie chart
  International Bonds 59.89%
  UK Corporate Bonds 23.92%
  UK Gilts 7.67%
  Cash and Equivalents 1.73%
  Other Assets 6.79%
Portfolio data accurate as at: 30/11/23

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 59.89%
  UK Corporate Bonds 23.92%
  UK Gilts 7.67%
  Cash and Equivalents 1.73%
  Other Assets 6.79%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 91.48% - - -
 
Non-Classified 6.79% - - -
 
Cash and Equivalents 1.73% - - -

Regional Allocation

pie chart
  UK 31.59%
  North America 26.97%
  Developed Europe - Excl UK 22.91%
  Non-Classified 14.17%
  Australia & New Zealand 2.23%
  Cash and Equivalents 1.73%
  Middle East & Africa 0.40%

Fixed Interest Currencies

pie chart
  Pound Sterling 49.91%
  US Dollar 23.90%
  Euro 15.21%
  Non-Fixed Interest Assets 6.79%
  Cash 1.73%
  New Zealand Dollar 1.73%
  Canadian Dollar 0.73%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 31.59% -
 
United Kingdom - 31.59%
 
North America 26.97% -
 
United States - 24.20%
 
Canada - 2.77%
 
Developed Europe - Excl UK 22.91% -
 
France - 4.50%
 
Netherlands - 4.05%
 
Germany - 3.98%
 
Sweden - 2.99%
 
Spain - 1.97%
 
Luxembourg - 1.86%
 
Italy - 1.23%
 
Austria - 0.76%
 
Switzerland - 0.59%
 
Norway - 0.57%
 
Belgium - 0.41%
 
Non-Classified 14.17% -
 
Australia & New Zealand 2.23% -
 
New Zealand - 1.73%
 
Australia - 0.50%
 
Cash and Equivalents 1.73% -
 
Middle East & Africa 0.40% -
 
Israel - 0.40%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
29.94%
5Yr - 10Yr Maturity
 
 
26.46%
10Yr - 15Yr Maturity
 
 
6.98%
> 15Yr Maturity
 
 
28.10%
Cash And Equivalents
 
 
1.73%
Unknown Maturity
 
 
6.79%

Fixed Interest Quality Profile

AAA
 
 
13.79%
AA
 
 
9.65%
A
 
 
7.93%
BBB
 
 
21.02%
Sub-Investment Grade
 
 
13.52%
Unknown Quality
 
 
25.57%
Cash and Equivalents
 
 
1.73%
Other Asset Types
 
 
6.79%

Top 10 Holdings

Stock % Weight Sector Country
1 ⅛% Treasury Gilt 2028 2.45% Bonds United Kingdom
2 TSY INFL IX N/B 1.375% 07/15/2033 2.42% Bonds United States
3 4¾% Treasury Gilt 2043 2.22% Bonds United Kingdom
4 TSY INFL IX N/B 0.375% 07/15/2027 1.79% Bonds United States
5 US TREASURY N/B 2.875% 04/30/2029 1.76% Bonds United States
6 NEW ZEALAND GVT ILB 2.5% 09/20/2035 1.73% Bonds New Zealand
7 ⅜% Treasury Gilt 2026 1.72% Bonds United Kingdom
8 TSY INFL IX N/B 1.375% 02/15/2044 1.70% Bonds United States
9 US TREASURY N/B 2.375% 02/15/2042 1.62% Bonds United States
10 PLACES FOR PEOPLE TREAS 6.25% 12/06/2041 1.35% 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 B3BW0D8
Mex Code PUASTR
Isin Code GB00B3BW0D88
Citi Code D9V0

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 0.11%
Yearly Total 1.71%

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 80% to 100% in debt and debt-related securities (of any credit quality). The fund may also invest in cash and near cash , other transferable securities, other funds (up to, 10%) managed by Artemis and third part funds, money market instruments, and company shares. The fund may also use derivatives for efficient portfolio management, to reduce risk and manage the fund efficiently.
Benchmark IA £ Strategic Bond NR
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 -0.42
Beta 1.10
Sharpe 0.00
Standard Deviation 6.93
Info Ratio -0.42

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.