Prudential High Yield Distribution (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 3.4% -1.6% -13.7% 23.0% -0.8%
Sector 4.7% 4.1% -4.6% 14.5% -3.3%
Rank 343/406 397/411 409/414 7/419 94/419
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 1.7% 1.4% 4.9%
Sector 1.9% 2.9% 5.4%
Rank 217/414 356/406 281/377
Quartile 3 4 3

Top 10 Holdings

Stock % Weight
BP 4.92
BRITISH AMERICAN TOBACCO 4.82
GSK GBP ORD 4.18
ASTRAZENECA 4.10
RIO TINTO 3.12
IMPERIAL BRANDS 3.09
HSBC HOLDINGS 2.35
SHELL 2.16
LLOYDS BANKING GROUP 2.14
NATIONAL GRID 1.98
Total 32.86

Fund Aims

Objective: The investment strategy of the fund is to provide an above-average income. The fund is based on distribution units whereby the net income is used to increase the number of units allocated. The fund invests mainly in UK equities and sterling denominated Corporate Bonds via collective investment schemes.

Fund Manager

M&G Treasury & Investment Office

Photo of M&G Treasury & Investment Office With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Bid (16/08/2022) 477.40
Offer (16/08/2022) 501.40
Number of holdings 2468
Launch date 30/03/1979

Fund Charges

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

Asset Allocation

pie chart
  UK Equities 63.03%
  International Bonds 15.31%
  UK Corporate Bonds 7.63%
  International Equities 2.83%
  Investment Trusts 1.44%
  Property 1.44%
  Cash and Equivalents 1.40%
  UK Gilts 0.66%
  Money Market 0.57%
  Other Assets 5.67%
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
  UK Equities 63.03%
  International Bonds 15.31%
  UK Corporate Bonds 7.63%
  International Equities 2.83%
  Investment Trusts 1.44%
  Property 1.44%
  Cash and Equivalents 1.40%
  UK Gilts 0.66%
  Money Market 0.57%
  Other Assets 5.67%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 23.60% - - -
 
Financials 17.21% - - -
 
Financial Services - 5.93% - -
 
Investment Banking & Brokerage Services - - 4.48% -
 
Asset Managers & Custodians - - - 3.64%
 
Investment Services - - - 0.85%
 
Equity Investment Instruments - - 1.44% -
 
Equity Investment Instruments - - - 1.44%
 
Insurance - 5.82% - -
 
Life Insurance - - 3.81% -
 
Life Insurance - - - 3.81%
 
Non-life Insurance - - 2.02% -
 
Property & Casualty Insurance - - - 1.60%
 
Reinsurance - - - 0.41%
 
Banks - 5.46% - -
 
Banks - - 5.46% -
 
Banks - - - 5.46%
 
Non-Classified 10.98% - - -
 
Consumer Staples 10.32% - - -
 
Food, Beverage & Tobacco - 8.36% - -
 
Tobacco - - 7.91% -
 
Tobacco - - - 7.91%
 
Food Producers - - 0.45% -
 
Food Products - - - 0.45%
 
Personal Care, Drug & Grocery Stores - 1.96% - -
 
Personal Care, Drug & Grocery Stores - - 1.96% -
 
Food Retailers & Wholesalers - - - 1.00%
 
Personal Products - - - 0.96%
 
Consumer Discretionary 6.35% - - -
 
Media - 2.32% - -
 
Media - - 2.32% -
 
Publishing - - - 0.83%
 
Radio & TV Broadcasters - - - 0.82%
 
Media Agencies - - - 0.66%
 
Travel & Leisure - 2.19% - -
 
Travel & Leisure - - 2.19% -
 
Casinos & Gambling - - - 1.33%
 
Travel & Tourism - - - 0.72%
 
Restaurants & Bars - - - 0.14%
 
Consumer Products & Services - 1.18% - -
 
Household Goods & Home Construction - - 1.18% -
 
Home Construction - - - 1.18%
 
Retail - 0.67% - -
 
Retailers - - 0.67% -
 
Specialty Retailers - - - 0.44%
 
Home Improvement Retailers - - - 0.24%
 
Energy 6.30% - - -
 
Energy - 6.30% - -
 
Non-Renewable Energy - - 6.30% -
 
Integrated Oil & Gas - - - 5.19%
 
Oil: Crude Producers - - - 1.11%
 
Oil Equipment & Services - - - 0.00%
 
Basic Materials 5.73% - - -
 
Basic Resources - 4.44% - -
 
Industrial Metals & Mining - - 3.84% -
 
General Mining - - - 3.84%
 
Industrial Materials - - 0.60% -
 
Paper - - - 0.60%
 
Chemicals - 1.29% - -
 
Chemicals - - 1.29% -
 
Specialty Chemicals - - - 0.83%
 
Chemicals: Diversified - - - 0.45%
 
Health Care 5.21% - - -
 
Health Care - 5.21% - -
 
Pharmaceuticals & Biotechnology - - 5.21% -
 
Pharmaceuticals - - - 5.21%
 
Utilities 4.86% - - -
 
Utilities - 4.86% - -
 
Gas, Water & Multi-utilities - - 2.43% -
 
Multi-Utilities - - - 2.21%
 
Water - - - 0.23%
 
Electricity - - 2.43% -
 
Conventional Electricity - - - 2.43%
 
Real Estate 2.62% - - -
 
Real Estate - 2.62% - -
 
Real Estate Investment Trusts - - 1.97% -
 
Industrial REITs - - - 0.55%
 
Office REITs - - - 0.54%
 
Retail REITs - - - 0.45%
 
Residential REITs - - - 0.43%
 
Real Estate Investment & Services - - 0.65% -
 
Real Estate Holding and Development - - - 0.65%
 
Telecommunications 2.10% - - -
 
Telecommunications - 2.10% - -
 
Telecommunications Service Providers - - 2.10% -
 
Telecommunications Services - - - 2.10%
 
Industrials 1.78% - - -
 
Industrial Goods & Services - 1.58% - -
 
General Industrials - - 1.03% -
 
Containers & Packaging - - - 1.03%
 
Industrial Transportation - - 0.37% -
 
Delivery Services - - - 0.37%
 
Industrial Support Services - - 0.18% -
 
Transaction Processing Services - - - 0.18%
 
Construction & Materials - 0.20% - -
 
Construction & Materials - - 0.20% -
 
Construction - - - 0.20%
 
Cash and Equivalents 1.62% - - -
 
Technology 1.26% - - -
 
Technology - 1.26% - -
 
Software & Computer Services - - 1.26% -
 
Software - - - 0.64%
 
Consumer Digital Services - - - 0.62%
 
Alternative Trading Strategies 0.06% - - -
 
Alternative Trading Strategies - 0.06% - -
 
Alternative Trading Strategies - - 0.06% -
 
Alternative Trading Strategies - - - 0.06%

Regional Allocation

pie chart
  UK 71.33%
  Non-Classified 7.64%
  Developed Europe - Excl UK 6.48%
  North America 5.78%
  Emerging Asia 2.32%
  Cash and Equivalents 1.98%
  Property 1.44%
  South & Central America 1.01%
  Developed Asia 0.84%
  Other Regions 1.20%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 75.34%
  Pound Sterling 16.28%
  US Dollar 3.54%
  Euro 1.10%
  Cash 1.06%
  Rupiah 0.38%
  Other Currencies 2.28%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 71.33% -
 
United Kingdom - 71.33%
 
Non-Classified 7.64% -
 
Developed Europe - Excl UK 6.48% -
 
France - 2.12%
 
Netherlands - 1.10%
 
Luxembourg - 0.90%
 
Germany - 0.69%
 
Finland - 0.67%
 
Sweden - 0.22%
 
Belgium - 0.20%
 
Italy - 0.12%
 
Denmark - 0.11%
 
Ireland - 0.11%
 
Switzerland - 0.09%
 
Spain - 0.08%
 
Norway - 0.05%
 
Austria - 0.01%
 
Portugal - 0.00%
 
North America 5.78% -
 
United States - 4.89%
 
Canada - 0.88%
 
Bermuda - 0.00%
 
Emerging Asia 2.32% -
 
Indonesia - 0.48%
 
South Korea - 0.38%
 
Malaysia - 0.32%
 
Thailand - 0.31%
 
Philippines - 0.28%
 
India - 0.24%
 
China - 0.11%
 
Uzbekistan - 0.05%
 
Mongolia - 0.03%
 
Viet Nam - 0.02%
 
Armenia - 0.02%
 
Kazakhstan - 0.02%
 
Azerbaijan - 0.02%
 
Pakistan - 0.01%
 
Georgia - 0.01%
 
Tajikistan - 0.01%
 
Sri Lanka - 0.01%
 
Papua New Guinea - 0.00%
 
Macau - 0.00%
 
Taiwan - 0.00%
 
Cash and Equivalents 1.98% -
 
Property 1.44% -
 
South & Central America 1.01% -
 
Mexico - 0.46%
 
Brazil - 0.13%
 
Colombia - 0.07%
 
Dominican Republic - 0.06%
 
Uruguay - 0.05%
 
Peru - 0.05%
 
Guatemala - 0.04%
 
Argentina - 0.03%
 
Chile - 0.02%
 
Paraguay - 0.02%
 
Honduras - 0.02%
 
Bolivia - 0.01%
 
Ecuador - 0.01%
 
Jamaica - 0.01%
 
Venezuela - 0.01%
 
El Salvador - 0.01%
 
Cayman Islands - 0.00%
 
Developed Asia 0.84% -
 
Singapore - 0.68%
 
Hong Kong - 0.16%
 
Middle East & Africa 0.56% -
 
South Africa - 0.12%
 
Qatar - 0.05%
 
United Arab Emirates - 0.04%
 
Morocco - 0.03%
 
Nigeria - 0.03%
 
Egypt - 0.03%
 
Gabon - 0.03%
 
Cote D'Ivoire - 0.03%
 
Jordan - 0.03%
 
Oman - 0.02%
 
Senegal - 0.02%
 
Israel - 0.02%
 
Benin - 0.02%
 
Iraq - 0.02%
 
Cameroon - 0.01%
 
Kenya - 0.01%
 
Rwanda - 0.01%
 
Ghana - 0.01%
 
Mozambique - 0.01%
 
Angola - 0.01%
 
Zambia - 0.01%
 
Japan 0.39% -
 
Japan - 0.39%
 
Emerging Europe 0.17% -
 
Serbia - 0.03%
 
Turkey - 0.03%
 
Macedonia, The Former Yugoslav Republic Of - 0.02%
 
Romania - 0.02%
 
Ukraine - 0.02%
 
Bosnia and Herzegowina - 0.01%
 
Albania - 0.01%
 
Russian Federation - 0.01%
 
Czech Republic - 0.01%
 
Hungary - 0.01%
 
Poland - 0.00%
 
Australia & New Zealand 0.08% -
 
Australia - 0.08%

Breakdown By Market Cap (%)

Mega
 
 
33.21%
Large
 
 
12.00%
Medium
 
 
10.80%
Small
 
 
9.33%
Micro
 
 
1.58%
Non-Classified
 
 
7.86%
Bonds
 
 
23.60%
Cash
 
 
1.62%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
7.27%
5Yr - 10Yr Maturity
 
 
9.23%
10Yr - 15Yr Maturity
 
 
2.52%
> 15Yr Maturity
 
 
4.58%
Cash And Equivalents
 
 
1.62%
Unknown Maturity
 
 
5.97%
Other Asset Types
 
 
68.81%

Fixed Interest Quality Profile

AAA
 
 
2.86%
AA
 
 
2.48%
A
 
 
4.41%
BBB
 
 
6.32%
Sub-Investment Grade
 
 
2.01%
Unknown Quality
 
 
5.51%
Cash and Equivalents
 
 
1.62%
Other Asset Types
 
 
74.78%

Fund Holdings

Name % Weight Sector Country
1 M&G Dividend Class C GBP 73.43% Managed Funds Managed Funds
2 M&G (1) Sterling Investment Grade Corporate Bond Class Z2A GBP 18.46% Managed Funds Managed Funds
3 M&G Emerging Markets Bond Class PP GBP 2.44% Managed Funds Managed Funds
4 M&G Global High Yield Bond Class A GBP 2.36% Managed Funds Managed Funds
5 Eastspring Asian Local Bond Class E 1.96% Managed Funds Managed Funds
6 Eastspring Asian Bond Class EG (hedged) 0.60% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 BP 4.92% Non-Renewable Energy United Kingdom
2 BRITISH AMERICAN TOBACCO 4.82% Tobacco United Kingdom
3 GSK GBP ORD 4.18% Non-Classified United Kingdom
4 ASTRAZENECA 4.10% Pharmaceuticals & Biotechnology United Kingdom
5 RIO TINTO 3.12% Industrial Metals & Mining United Kingdom
6 IMPERIAL BRANDS 3.09% Tobacco United Kingdom
7 HSBC HOLDINGS 2.35% Banks United Kingdom
8 SHELL 2.16% Non-Renewable Energy Non-Classified
9 LLOYDS BANKING GROUP 2.14% Banks United Kingdom
10 NATIONAL GRID 1.98% Gas, Water & Multi-utilities 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 0549451
Mex Code MGHYA
Isin Code GB0005494512
Citi Code MG94

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 provide an above-average income. The fund is based on distribution units whereby the net income is used to increase the number of units allocated. The fund invests mainly in UK equities and sterling denominated Corporate Bonds via collective investment schemes.
Benchmark Composite
ABI Sector Mixed Investment 40-85% Shares

Ratings

FE Crown Crown Rating of 2

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 -0.36
Beta 1.31
Sharpe 0.00
Standard Deviation 14.64
Info Ratio -0.02

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
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 No
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

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).

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.

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.