Prudential Invesco Global 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

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 -1.6% 5.4% -0.7% -2.7% -5.6%
Sector -1.2% 7.7% 1.9% -4.0% -5.7%
Rank 51/56 45/58 55/58 22/58 40/58
Quartile 4 4 4 2 3

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund -3.0% -1.1% 0.9%
Sector -2.7% -0.4% 1.0%
Rank 38/58 53/56 37/43
Quartile 3 4 4

Top 10 Holdings

Stock % Weight
UNITED STATES TREAS 0.625 APR 15 23 I/L 5.56
UNITED STATES TREAS 2.250 FEB 15 52 RGD 3.02
AUSTRALIA(CMNWLTH) 2.750 NOV 21 27 2.98
SCOTTISH HYDRO 1.500 MAR 24 28 REG 2.52
MEXICO(UTD MEX ST) 7.750 MAY 29 31 2.33
STH AFRICA(REP OF) 8.000 JAN 31 30 2.30
⅛% Treasury Gilt 2023 2.25
MEXICO (UTD MEX ST) 5.750 MAR 05 26 2.04
ITALY(REP OF) 0.950 JUN 01 32 1.95
UNITED STATES TREAS 0.125 APR 30 23 1.83
Total 26.78

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Invesco Global Bond Fund (UK) - the underlying fund.

Underlying Fund Objective: The fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The fund invests at least 80% of its assets in debt securities (including investment grade, non-investment grade and unrated) issued by governments, supranational bodies, other public entities as well as by companies, globally. The fund will take active currency positions globally.

Fund Manager

Stuart Edwards manager of the underlying fund for 12 years and 4 months

Photo of Stuart Edwards Stuart joined the company in December 2003. Initially, he was the fixed income specialist within the firm's Investment Communication team and then transferred internally to the Fixed Interest team in January 2006 as a fixed income strategist, specialising in the analysis of macro economic data and trends. In March 2010 Stuart was promoted to the role of portfolio manager of the team’s cash portfolios, the Invesco Global Bond fund, and co-manager of the Invesco Global Bond fund with Michael Matthews. Previously, Stuart began his career in 1997 at Standard & Poor’s as an economist, initially specialising in analysis of the Benelux region and then covering the UK fixed income and money markets with responsibility for forecasting UK economic data and providing fixed income strategy. He holds a BSc (Hons) in Business Economics with Computing from the University of Surrey and a MSc in Finance from Birkbeck College, University of London.

Fund Overview

Bid (05/08/2022) 134.90
Offer (05/08/2022) 142.00
Fund size (30/06/2022) £3.19m
Underlying Fund size £176.35m
Number of holdings 298
Launch date 20/10/2008

Fund Charges

Annual Management Charge (AMC) 1.35%
Further Costs 0.18%
Yearly Total 1.53%

Asset Allocation

pie chart
  International Bonds 73.77%
  UK Corporate Bonds 10.13%
  Cash and Equivalents 3.35%
  UK Gilts 2.65%
  UK Equities 0.03%
  Alternative Trading Strategies -0.74%
  Other Assets 10.82%
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 Bonds 73.77%
  UK Corporate Bonds 10.13%
  Cash and Equivalents 3.35%
  UK Gilts 2.65%
  UK Equities 0.03%
  Alternative Trading Strategies -0.74%
  Other Assets 10.82%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 86.55% - - -
 
Non-Classified 10.82% - - -
 
Non-Classified - 0.01% - -
 
Non-Classified - - 0.01% -
 
Non-Classified - - - 0.01%
 
Cash and Equivalents 3.35% - - -
 
Basic Materials 0.03% - - -
 
Basic Resources - 0.03% - -
 
Precious Metals & Mining - - 0.03% -
 
Diamonds & Gemstones - - - 0.03%
 
Alternative Trading Strategies -0.74% - - -
 
Alternative Trading Strategies - -0.74% - -
 
Alternative Trading Strategies - - -0.74% -
 
Alternative Trading Strategies - - - -0.74%

Regional Allocation

pie chart
  Developed Europe - Excl UK 24.54%
  North America 16.03%
  UK 12.81%
  Non-Classified 12.59%
  South & Central America 10.08%
  Middle East & Africa 6.14%
  Emerging Europe 5.27%
  Emerging Asia 4.19%
  Australia & New Zealand 4.10%
  Other Regions 4.25%

Fixed Interest Currencies

pie chart
  US Dollar 31.34%
  Euro 19.43%
  Pound Sterling 16.46%
  Non-Fixed Interest Assets 10.10%
  Mexican Peso 4.51%
  Australian Dollar 4.10%
  Other Currencies 14.06%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 24.54% -
 
Italy - 8.88%
 
France - 5.32%
 
Netherlands - 3.10%
 
Switzerland - 2.29%
 
Luxembourg - 1.82%
 
Spain - 1.80%
 
Belgium - 0.68%
 
Germany - 0.33%
 
Ireland - 0.30%
 
Norway - 0.03%
 
North America 16.03% -
 
United States - 13.70%
 
Canada - 2.32%
 
UK 12.81% -
 
United Kingdom - 12.81%
 
Non-Classified 12.59% -
 
South & Central America 10.08% -
 
Mexico - 6.05%
 
Brazil - 1.56%
 
Argentina - 0.88%
 
Colombia - 0.85%
 
Dominican Republic - 0.34%
 
Paraguay - 0.24%
 
Guatemala - 0.03%
 
Venezuela - 0.03%
 
Uruguay - 0.03%
 
Peru - 0.02%
 
Costa Rica - 0.02%
 
Chile - 0.02%
 
Ecuador - 0.01%
 
Middle East & Africa 6.14% -
 
South Africa - 4.22%
 
United Arab Emirates - 1.05%
 
Oman - 0.36%
 
Qatar - 0.16%
 
Nigeria - 0.04%
 
Angola - 0.04%
 
Kenya - 0.04%
 
Egypt - 0.04%
 
Gabon - 0.03%
 
Senegal - 0.02%
 
Cameroon - 0.02%
 
Cote D'Ivoire - 0.02%
 
Iraq - 0.02%
 
Benin - 0.02%
 
Jordan - 0.02%
 
Mozambique - 0.02%
 
Emerging Europe 5.27% -
 
Greece - 1.37%
 
Poland - 1.24%
 
Serbia - 0.73%
 
Croatia - 0.66%
 
Romania - 0.61%
 
Turkey - 0.58%
 
Ukraine - 0.09%
 
Emerging Asia 4.19% -
 
Indonesia - 2.57%
 
South Korea - 0.79%
 
Azerbaijan - 0.47%
 
Malaysia - 0.23%
 
India - 0.05%
 
Kazakhstan - 0.02%
 
Uzbekistan - 0.02%
 
Georgia - 0.02%
 
Sri Lanka - 0.01%
 
Pakistan - 0.01%
 
Australia & New Zealand 4.10% -
 
Australia - 4.10%
 
Cash and Equivalents 3.35% -
 
Developed Asia 0.46% -
 
Singapore - 0.46%
 
Japan 0.44% -
 
Japan - 0.44%

Breakdown By Market Cap (%)

Non-Classified
 
 
10.10%
Bonds
 
 
86.55%
Cash
 
 
3.35%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
34.99%
5Yr - 10Yr Maturity
 
 
28.40%
10Yr - 15Yr Maturity
 
 
7.16%
> 15Yr Maturity
 
 
15.99%
Cash And Equivalents
 
 
3.35%
Unknown Maturity
 
 
10.81%
Other Asset Types
 
-0.71%

Fixed Interest Quality Profile

AAA
 
 
13.48%
AA
 
 
4.40%
A
 
 
8.77%
BBB
 
 
22.74%
Sub-Investment Grade
 
 
14.67%
Unknown Quality
 
 
22.49%
Cash and Equivalents
 
 
3.35%
Other Asset Types
 
 
10.10%

Top 10 Holdings

Stock % Weight Sector Country
1 UNITED STATES TREAS 0.625 APR 15 23 I/L 5.56% Bonds United States
2 UNITED STATES TREAS 2.250 FEB 15 52 RGD 3.02% Non-Classified Non-Classified
3 AUSTRALIA(CMNWLTH) 2.750 NOV 21 27 2.98% Bonds Australia
4 SCOTTISH HYDRO 1.500 MAR 24 28 REG 2.52% Bonds Non-Classified
5 MEXICO(UTD MEX ST) 7.750 MAY 29 31 2.33% Bonds Mexico
6 STH AFRICA(REP OF) 8.000 JAN 31 30 2.30% Bonds South Africa
7 ⅛% Treasury Gilt 2023 2.25% Bonds United Kingdom
8 MEXICO (UTD MEX ST) 5.750 MAR 05 26 2.04% Bonds Mexico
9 ITALY(REP OF) 0.950 JUN 01 32 1.95% Bonds Italy
10 UNITED STATES TREAS 0.125 APR 30 23 1.83% Bonds United States

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 B3BW3H3
Mex Code PUISCP
Isin Code GB00B3BW3H32
Citi Code DAC1

Fund Charges

Annual Management Charge (AMC) 1.35%
Further Costs 0.18%
Yearly Total 1.53%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Invesco Global Bond Fund (UK) - the underlying fund. Underlying Fund Objective: The fund aims to achieve income and capital growth over the medium to long term (3 to 5 years plus). The fund invests at least 80% of its assets in debt securities (including investment grade, non-investment grade and unrated) issued by governments, supranational bodies, other public entities as well as by companies, globally. The fund will take active currency positions globally.
Benchmark IA Global Mixed Bond Sector
ABI Sector Global Fixed Interest

Ratings

FE Crown Crown Rating of 3

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 -0.49
Beta 0.85
Sharpe 0.00
Standard Deviation 5.28
Info Ratio -0.02

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 No
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 Yes
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.

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.

Ethical Restrictions

The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.

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.