Prudential Japan Bond Acc (ex M&G)

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 4.1% -3.6% -11.5% 26.9% 5.5%
Sector 9.0% -0.7% -6.0% 16.1% -3.5%
Rank 96/101 84/101 87/102 12/102 7/101
Quartile 4 4 4 1 1

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund 5.8% 3.5% 9.9%
Sector 1.8% 2.7% 8.0%
Rank 7/101 28/100 10/94
Quartile 1 2 1

Top 10 Holdings

Stock % Weight
NINTENDO CO 3.77
CREDIT SAISON CO 3.61
TOYOTA MOTOR CORPORATION 3.56
HONDA MOTOR CO. 3.52
HITACHI 3.50
MITSUBISHI UFJ FINANCIAL GROUP 3.47
ORIX CORPORATION 3.22
NIPPON TELEGRAPH & TELEPHONE CORP 3.16
MITSUI & CO 3.00
SPARX GROUP CO LTD 2.89
Total 33.71

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Japan Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI Japan Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, or do most of their business in Japan. The fund usually holds a concentrated portfolio of fewer than 50 companies. The fund may also invest other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash and near cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging.

Fund Manager

Carl Vine manager of the underlying fund for 2 years and 10 months

Photo of Carl Vine Carl Vine was appointed fund manager of M&G (Lux) Japan Fund and M&G (Lux) Japan Smaller Companies Fund in September 2019 after joining M&G as Co-Head of Asian Investment, with 22 years of investment experience. Carl co-founded Oxford-based Port Meadow Capital Management, a boutique investment firm, in 2014. Prior to that, he worked as a Managing Director and Portfolio Manager for SAC Capital Advisors in Hong Kong and was the Asian-based member of their global investment committee. Before that, Carl was a Managing Director at UBS in Hong Kong, where he invested proprietary capital across Asia and Japan, and a Principal for TPG-Axon Capital. He began his career with Prudential Portfolio Managers in London, before relocating to Tokyo to open Prudential’s Japan office. Carl holds a Bachelor of Arts (Hons) in Politics, Philosophy & Economics from Oxford University.

Fund Overview

Bid (05/08/2022) 453.80
Offer (05/08/2022) 476.60
Fund size (30/06/2022) £5.80m
Underlying Fund size 37517.82¥m
Number of holdings 48
Launch date 25/05/1977

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Asset Allocation

pie chart
  International Equities 98.54%
  Cash and Equivalents 1.46%
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 98.54%
  Cash and Equivalents 1.46%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Industrials 31.53% - - -
 
Industrial Goods & Services - 27.16% - -
 
Industrial Support Services - - 10.95% -
 
Business Training & Employment Agencies - - - 4.33%
 
Transaction Processing Services - - - 3.61%
 
Industrial Suppliers - - - 3.00%
 
Industrial Transportation - - 8.09% -
 
Commercial Vehicles & Parts - - - 3.05%
 
Transportation Services - - - 2.16%
 
Railroads - - - 1.46%
 
Delivery Services - - - 1.42%
 
Electronic & Electrical Equipment - - 5.92% -
 
Electronic Equipment: Gauges & Meters - - - 4.37%
 
Electrical Components - - - 1.54%
 
Industrial Engineering - - 2.20% -
 
Machinery: Industrial - - - 2.20%
 
Construction & Materials - 4.37% - -
 
Construction & Materials - - 4.37% -
 
Construction - - - 4.37%
 
Consumer Discretionary 28.27% - - -
 
Consumer Products & Services - 13.82% - -
 
Leisure Goods - - 12.12% -
 
Electronic Entertainment - - - 3.77%
 
Consumer Electronics - - - 2.86%
 
Toys - - - 2.78%
 
Photography - - - 2.71%
 
Household Goods & Home Construction - - 1.70% -
 
Home Construction - - - 1.70%
 
Automobiles & Parts - 9.54% - -
 
Automobiles & Parts - - 9.54% -
 
Automobiles - - - 7.08%
 
Auto Parts - - - 2.46%
 
Retail - 3.66% - -
 
Retailers - - 3.66% -
 
Diversified Retailers - - - 2.77%
 
Apparel Retailers - - - 0.89%
 
Media - 1.25% - -
 
Media - - 1.25% -
 
Radio & TV Broadcasters - - - 1.25%
 
Financials 10.64% - - -
 
Financial Services - 6.11% - -
 
Finance & Credit Services - - 3.22% -
 
Mortgage Finance - - - 3.22%
 
Investment Banking & Brokerage Services - - 2.89% -
 
Asset Managers & Custodians - - - 2.89%
 
Banks - 4.53% - -
 
Banks - - 4.53% -
 
Banks - - - 4.53%
 
Technology 10.34% - - -
 
Technology - 10.34% - -
 
Technology Hardware & Equipment - - 6.42% -
 
Semiconductors - - - 4.16%
 
Computer Hardware - - - 2.26%
 
Software & Computer Services - - 3.93% -
 
Computer Services - - - 3.93%
 
Telecommunications 4.18% - - -
 
Telecommunications - 4.18% - -
 
Telecommunications Service Providers - - 4.18% -
 
Telecommunications Services - - - 4.18%
 
Health Care 4.17% - - -
 
Health Care - 4.17% - -
 
Pharmaceuticals & Biotechnology - - 4.17% -
 
Pharmaceuticals - - - 3.47%
 
Biotechnology - - - 0.71%
 
Basic Materials 4.13% - - -
 
Chemicals - 4.13% - -
 
Chemicals - - 4.13% -
 
Chemicals: Diversified - - - 4.13%
 
Real Estate 2.70% - - -
 
Real Estate - 2.70% - -
 
Real Estate Investment & Services - - 2.70% -
 
Real Estate Holding and Development - - - 2.70%
 
Consumer Staples 2.59% - - -
 
Food, Beverage & Tobacco - 2.59% - -
 
Beverages - - 2.59% -
 
Brewers - - - 2.59%
 
Cash and Equivalents 1.46% - - -

Regional Allocation

pie chart
  Japan 98.05%
  Cash and Equivalents 1.46%
  Middle East & Africa 0.49%

Regional Breakdown

Expand allCollapse all
Region Country
 
Japan 98.05% -
 
Japan - 98.05%
 
Cash and Equivalents 1.46% -
 
Middle East & Africa 0.49% -
 
Israel - 0.49%

Breakdown By Market Cap (%)

Mega
 
 
37.93%
Large
 
 
23.71%
Medium
 
 
28.07%
Small
 
 
8.34%
Non-Classified
 
 
0.49%
Cash
 
 
1.46%

Top 10 Holdings

Stock % Weight Sector Country
1 NINTENDO CO 3.77% Leisure Goods Japan
2 CREDIT SAISON CO 3.61% Industrial Support Services Japan
3 TOYOTA MOTOR CORPORATION 3.56% Automobiles & Parts Japan
4 HONDA MOTOR CO. 3.52% Automobiles & Parts Japan
5 HITACHI 3.50% Electronic & Electrical Equipment Japan
6 MITSUBISHI UFJ FINANCIAL GROUP 3.47% Banks Japan
7 ORIX CORPORATION 3.22% Finance & Credit Services Japan
8 NIPPON TELEGRAPH & TELEPHONE CORP 3.16% Telecommunications Service Providers Japan
9 MITSUI & CO 3.00% Industrial Support Services Japan
10 SPARX GROUP CO LTD 2.89% Investment Banking & Brokerage Services Japan

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 10.34% - - - - - - 10.34%
Telecommunications - 4.18% - - - - - - 4.18%
Financials - 10.64% - - - - - - 10.64%
Real Estate - 2.70% - - - - - - 2.70%
Consumer Discretionary - 28.27% - - - - - - 28.27%
Consumer Staples - 2.59% - - - - - - 2.59%
Health Care - 4.17% - - - - - - 4.17%
Industrials - 31.53% - - - - - - 31.53%
Basic Materials - 4.13% - - - - - - 4.13%
Cash and Equivalents - - - - - - - 1.46% 1.46%

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 0548997
Mex Code MGJA
Isin Code GB0005489975
Citi Code MG97

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Japan Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the MSCI Japan Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, or do most of their business in Japan. The fund usually holds a concentrated portfolio of fewer than 50 companies. The fund may also invest other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash and near cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging.
Benchmark MSCI Japan Index
ABI Sector Japan Equities

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 3.90
Beta 1.02
Sharpe 0.17
Standard Deviation 13.56
Info Ratio 0.78

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets No
Concentrated Portfolio Yes
Smaller Companies Yes
High Yield Bonds No
Sector Specific Yes
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities Yes
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity Yes
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Concentrated Portfolio

The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.

Smaller Companies

The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.

Sector Specific

The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.

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.

Umbrella Liabilities

If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.

Liquidity

This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.

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.