Prudential FRIA Invesco Global Bond

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

Performance

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Top 10 Holdings

Stock % Weight
3¼% Treasury Gilt 2033 5.40
¼% Treasury Gilt 2025 4.83
AUSTRALIA(CMNWLTH) 1.750 NOV 21 32 3.55
½% Treasury Gilt 2061 3.02
MEXICO(UTD MEX ST) 7.750 MAY 29 31 2.94
1⅝% Treasury Gilt 2028 2.75
UNITED STATES TREAS 3.375 MAY 15 33 2.12
UNITED STATES TREAS 1.250 APR 15 28 2.11
SPAIN(KINGDOM OF) 3.900 JUL 30 39 114 2.04
SPAIN(KINGDOM OF) 0.000 JAN 31 27 1.99
Total 30.74

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 13 years and 11 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 (19/08/2022) 137.00
Offer (19/08/2022) 137.00
Fund size (31/12/2023) £0.01m
Underlying Fund size £158.78m
Number of holdings 163
Launch date 13/07/2009

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.17%
Yearly Total 1.47%

Asset Allocation

pie chart
  International Bonds 103.66%
  UK Gilts 22.73%
  Cash and Equivalents 3.69%
  UK Corporate Bonds -10.31%
  Alternative Trading Strategies -20.95%
  Other Assets 1.18%
Portfolio data accurate as at: 31/01/24

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 gross 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 103.66%
  UK Gilts 22.73%
  Cash and Equivalents 3.69%
  UK Corporate Bonds -10.31%
  Alternative Trading Strategies -20.95%
  Other Assets 1.18%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 116.07% - - -
 
Cash and Equivalents 3.69% - - -
 
Non-Classified 1.18% - - -
 
Alternative Trading Strategies -20.95% - - -
 
Alternative Trading Strategies - -20.95% - -
 
Alternative Trading Strategies - - -20.95% -
 
Alternative Trading Strategies - - - -20.95%

Regional Allocation

pie chart
  North America 47.16%
  Japan 27.30%
  UK 12.42%
  Developed Europe - Excl UK 10.36%
  South & Central America 5.80%
  Australia & New Zealand 5.44%
  Emerging Europe 4.26%
  Cash and Equivalents 3.69%
  Middle East & Africa 3.43%
  Other Regions -19.85%

Fixed Interest Currencies

pie chart
  Pound Sterling 34.96%
  Euro 24.15%
  Unrecognised 21.35%
  US Dollar 20.35%
  Mexican Peso 3.98%
  Australian Dollar 3.55%
  Other Currencies -8.35%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 47.16% -
 
United States - 46.62%
 
Canada - 0.54%
 
Japan 27.30% -
 
Japan - 27.30%
 
UK 12.42% -
 
United Kingdom - 12.42%
 
Developed Europe - Excl UK 10.36% -
 
France - 8.04%
 
Spain - 4.93%
 
Italy - 3.45%
 
Netherlands - 2.65%
 
Belgium - 1.90%
 
Switzerland - 1.04%
 
Luxembourg - 0.93%
 
Ireland - 0.32%
 
Portugal - 0.11%
 
Germany - -13.01%
 
South & Central America 5.80% -
 
Mexico - 4.51%
 
Brazil - 1.29%
 
Australia & New Zealand 5.44% -
 
Australia - -0.81%
 
Emerging Europe 4.26% -
 
Poland - 1.72%
 
Greece - 1.32%
 
Croatia - 0.77%
 
Serbia - 0.45%
 
Cash and Equivalents 3.69% -
 
Middle East & Africa 3.43% -
 
South Africa - 2.73%
 
United Arab Emirates - 0.44%
 
Morocco - 0.25%
 
Emerging Asia 2.94% -
 
Indonesia - 2.27%
 
South Korea - 0.46%
 
Malaysia - 0.22%
 
Australia & New Zealand -6.25% -
 
Non-Classified -16.55% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
38.84%
5Yr - 10Yr Maturity
 
 
29.05%
10Yr - 15Yr Maturity
 
 
5.07%
> 15Yr Maturity
 
 
43.11%
Cash And Equivalents
 
 
3.69%
Unknown Maturity
 
 
1.18%
Other Asset Types
 
-20.95%

Fixed Interest Quality Profile

AAA
 
 
43.83%
AA
 
 
25.53%
A
 
 
11.85%
BBB
 
 
16.94%
Sub-Investment Grade
 
 
7.47%
Unknown Quality
 
 
10.45%
Cash and Equivalents
 
 
3.69%
Other Asset Types
 
-19.76%

Top 10 Holdings

Stock % Weight Sector Country
1 3¼% Treasury Gilt 2033 5.40% Bonds United Kingdom
2 ¼% Treasury Gilt 2025 4.83% Bonds United Kingdom
3 AUSTRALIA(CMNWLTH) 1.750 NOV 21 32 3.55% Bonds Australia
4 ½% Treasury Gilt 2061 3.02% Bonds United Kingdom
5 MEXICO(UTD MEX ST) 7.750 MAY 29 31 2.94% Bonds Mexico
6 1⅝% Treasury Gilt 2028 2.75% Bonds United Kingdom
7 UNITED STATES TREAS 3.375 MAY 15 33 2.12% Bonds United States
8 UNITED STATES TREAS 1.250 APR 15 28 2.11% Bonds United States
9 SPAIN(KINGDOM OF) 3.900 JUL 30 39 114 2.04% Bonds Spain
10 SPAIN(KINGDOM OF) 0.000 JAN 31 27 1.99% Bonds Spain

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 B3Q9VG4
Mex Code PUFISC
Isin Code GB00B3Q9VG43
Citi Code FNJ8

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.17%
Yearly Total 1.47%

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
Sector ABI 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 -0.78
Beta 0.92
Sharpe 0.00
Standard Deviation 6.01
Info Ratio -0.18

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 gross 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.