Prudential Ex-DSF M&G Gilt & Fixed Interest Income

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

Performance

Discrete performance - to last month end

30/06/15
to
30/06/16
30/06/16
to
30/06/17
30/06/17
to
30/06/18
30/06/18
to
30/06/19
30/06/19
to
30/06/20
Fund 13.1% 0.4% 1.9% 4.9% 10.3%
Sector 11.6% -1.0% 1.0% 4.0% 10.3%
Rank 21/153 7/153 22/154 17/155 89/157
Quartile 1 1 1 1 3

Annualised performance

Annualised
3 Years to
30/06/20
5 Years to
30/06/20
10 Years to
30/06/20
Fund 5.6% 6.0% 5.7%
Sector 5.0% 5.1% 4.8%
Rank 37/154 20/153 10/132
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
6% Treasury Stock 2028 15.84
1⅝% Treasury Gilt 2054 12.21
1½% Treasury Gilt 2021 9.15
4¾% Treasury Gilt 2030 8.76
4¼% Treasury Gilt 2040 6.88
3¼% Treasury Gilt 2044 6.13
1½% Treasury Gilt 2047 5.95
2½% Treasury Gilt 2065 5.68
KFW 1.125000% 07/12/2021 4.76
4¼% Treasury Gilt 2046 3.46
Total 78.82

Fund Aims

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

Underlying Fund Objective: The fund aims to provide income and capital growth. At least 70% of the fund is invested in short, medium or long-dated gilts according to the fund manager’s view at any given moment of the likely course of interest rates and trend of the gilt market. The fund’s exposure to gilts may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. The fund may also invest in collective investment schemes, other transferable securities, other debt instruments, cash, near cash, other money market securities, warrants and other derivative instruments.

Fund Manager

Matthew Russell manager of the underlying fund for 5 years

Photo of Matthew Russell Matthew Russell joined M&G in 2007 and was appointed fund manager of the M&G Short Dated Corporate Bond Fund in September 2013, having served as deputy fund manager since 2011. Matthew joined M&G as a fund managers’ assistant covering the retail fixed interest fund range. He has a BSc in economics from the University of Birmingham and is also a CFA charterholder.

Anjulie Rusius manager of the underlying fund for 2 years and 6 months

Photo of Anjulie Rusius Anjulie Rusius was appointed deputy fund manager on the M&G Gilt and Fixed Interest Income Fund and M&G Index-Linked Bond Fund in January 2018. She has worked within the M&G Retail Fixed Interest team since 2013, initially as a fund manager assistant, before being promoted to junior fund manager in September 2015. In this latter role, Anjulie worked across the range of retail bond funds training with the team of fund managers. Focused initially on the UK government bond funds, she expanded her coverage to developed market sovereign bonds, the global macro funds and global credit. Prior to this, she spent 5 years working in Counterparty Credit Risk, also at M&G. Anjulie completed a BA degree in economics at the University of Cambridge and holds the Investment Management Certificate (IMC).

Fund Overview

Bid (08/07/2020) 2376.30
Offer (08/07/2020) 2501.40
Fund size (30/11/2019) £112.35m
Underlying Fund size £598.94m
Number of holdings 28
Launch date 31/08/2004

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.00%
Yearly Total 1.00%

Asset Allocation

pie chart
  UK Gilts 83.82%
  International Bonds 10.09%
  UK Corporate Bonds 5.49%
  Money Market 0.57%
  Cash and Equivalents 0.02%
  Alternative Trading Strategies 0.00%
Portfolio data accurate as at: 31/05/20

Important Information

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: FundsLibrary. Source of performance data: Financial Express (FE). 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 FundsLibrary, 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 Gilts 83.82%
  International Bonds 10.09%
  UK Corporate Bonds 5.49%
  Money Market 0.57%
  Cash and Equivalents 0.02%
  Alternative Trading Strategies 0.00%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 99.41% - - -
 
Non-Classified 0.57% - - -
 
Cash and Equivalents 0.02% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  UK 89.32%
  Developed Europe - Excl UK 6.40%
  North America 3.69%
  Cash and Equivalents 0.58%

Fixed Interest Currencies

pie chart
  Pound Sterling 96.33%
  US Dollar 3.09%
  Non-Fixed Interest Assets 0.57%
  Cash 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 89.32% -
 
United Kingdom - 89.32%
 
Developed Europe - Excl UK 6.40% -
 
Germany - 5.37%
 
Finland - 1.03%
 
North America 3.69% -
 
United States - 3.69%
 
Cash and Equivalents 0.58% -

Fixed Interest Maturity Profile

> 15Yr Maturity
 
 
44.78%
< 5Yr Maturity
 
 
23.40%
5Yr - 10Yr Maturity
 
 
20.13%
10Yr - 15Yr Maturity
 
 
11.10%
Unknown Maturity
 
 
0.57%
Cash And Equivalents
 
 
0.02%

Fixed Interest Quality Profile

AA
 
 
89.80%
AAA
 
 
8.39%
Unknown Quality
 
 
1.22%
Cash and Equivalents
 
 
0.02%
Other Asset Types
 
 
0.57%

Top 10 Holdings

Stock % Weight Sector Country
1 6% Treasury Stock 2028 15.84% Bonds United Kingdom
2 1⅝% Treasury Gilt 2054 12.21% Bonds United Kingdom
3 1½% Treasury Gilt 2021 9.15% Bonds United Kingdom
4 4¾% Treasury Gilt 2030 8.76% Bonds United Kingdom
5 4¼% Treasury Gilt 2040 6.88% Bonds United Kingdom
6 3¼% Treasury Gilt 2044 6.13% Bonds United Kingdom
7 1½% Treasury Gilt 2047 5.95% Bonds United Kingdom
8 2½% Treasury Gilt 2065 5.68% Bonds United Kingdom
9 KFW 1.125000% 07/12/2021 4.76% Bonds Germany
10 4¼% Treasury Gilt 2046 3.46% Bonds United Kingdom

Important Information

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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 FundsLibrary, 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 B02SQW5
Mex Code PUFXIT
Isin Code GB00B02SQW53
Citi Code ILE7

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.00%
Yearly Total 1.00%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide income and capital growth. At least 70% of the fund is invested in short, medium or long-dated gilts according to the fund manager’s view at any given moment of the likely course of interest rates and trend of the gilt market. The fund’s exposure to gilts may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. The fund may also invest in collective investment schemes, other transferable securities, other debt instruments, cash, near cash, other money market securities, warrants and other derivative instruments.
Benchmark FTSE Actuaries UK Index-Linked Gilts All Stocks Index’
Sector ABI UK Gilts

Ratings

FE Crown Crown Rating of 2

Important Information

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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 FundsLibrary, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

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: Financial Express (FE). 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 FundsLibrary, 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.