Prudential Long Term Bond S3
Performance
Discrete performance - to latest available quarter end
| 30/06/17 to 30/06/18 |
30/06/18 to 30/06/19 |
30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
|
|---|---|---|---|---|---|
| Fund | 3.2% | 8.1% | 17.6% | -5.0% | -22.8% |
| Benchmark | 2.2% | 8.4% | 17.1% | -5.6% | -24.0% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2022 |
3 Years to 30/06/22 |
5 Years to 30/06/22 |
10 Years to 30/06/22 |
|
| Fund | -14.0% | -4.8% | -0.8% | 3.8% |
| Benchmark | -14.8% | -5.6% | -1.4% | 3.3% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 3¼% Treasury Gilt 2044 | 4.19 |
| 1½% Treasury Gilt 2047 | 3.29 |
| 4¼% Treasury Gilt 2055 | 2.92 |
| 4½% Treasury Gilt 2042 | 2.82 |
| 4% Treasury Gilt 2060 | 2.66 |
| 4¾% Treasury Stock 2038 | 2.66 |
| 1⅝% Treasury Gilt 2054 | 2.63 |
| 3½% Treasury Gilt 2045 | 2.60 |
| 4¼% Treasury Gilt 2040 | 2.50 |
| 4¼% Treasury Gilt 2046 | 2.47 |
| Total | 28.73 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Long Term Bond Fund - the underlying fund.
Underlying Fund Objective: The fund invests, via other M&G PP funds, in long-dated bonds split equally between UK Government gilts and corporate bonds. It is a “fund of funds” with the gilts component passively managed. The actively managed corporate bonds are mainly high quality sterling issues, but may include limited amounts of high yield and hedged non-sterling bonds. The split between government and corporate bonds may be reviewed from time to time.
Performance Objective: To match the performance of the benchmark as closely as possible.
Fund Manager
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
| Daily price (15/08/2022) | 315.90 |
| Fund size (30/06/2022) | £19.12m |
| Underlying Fund size | £0.00m |
| Number of holdings | 255 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 30/04/2002 |
Asset Allocation
| UK Gilts | 54.60% | |
| UK Corporate Bonds | 23.56% | |
| International Bonds | 19.55% | |
| Cash and Equivalents | 0.57% | |
| Other Assets | 1.72% |
Commentary
Performance as at Q1 2022 - The first quarter of 2022 was a volatile period for fixed income markets, initially driven by concern that interest rates would need to be increased more aggressively to tackle surging inflation. The Russian invasion of Ukraine on 24 February became the dominant theme in the latter weeks of the quarter, with a surge in wheat and energy prices expected to put even further pressure on inflation. Against this backdrop, UK government bonds (gilts) delivered negative returns as the 10-year gilt yield climbed above 1.7%, reaching its highest level in since 2016. UK corporate bonds were also in negative territory with the downturn in risk appetite leading to weakness across credit markets.
Source: M&G
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 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 intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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.
Asset Allocation
| UK Gilts | 54.60% | |
| UK Corporate Bonds | 23.56% | |
| International Bonds | 19.55% | |
| Cash and Equivalents | 0.57% | |
| Other Assets | 1.72% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 97.71% | - | - | - | |
| Non-Classified | 1.72% | - | - | - | |
| Cash and Equivalents | 0.57% | - | - | - | |
Regional Allocation
| UK | 78.16% | |
| Developed Europe - Excl UK | 9.64% | |
| North America | 6.48% | |
| Non-Classified | 3.66% | |
| South & Central America | 0.92% | |
| Cash and Equivalents | 0.57% | |
| Australia & New Zealand | 0.47% | |
| Japan | 0.05% | |
| Emerging Europe | 0.05% |
Fixed Interest Currencies
| Pound Sterling | 94.64% | |
| US Dollar | 2.16% | |
| Non-Fixed Interest Assets | 1.72% | |
| Euro | 0.90% | |
| Cash | 0.57% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 78.16% | - | |
United Kingdom
|
- | 78.16% | |
| Developed Europe - Excl UK | 9.64% | - | |
France
|
- | 4.08% | |
Netherlands
|
- | 2.83% | |
Luxembourg
|
- | 0.94% | |
Sweden
|
- | 0.59% | |
Belgium
|
- | 0.35% | |
Italy
|
- | 0.32% | |
Ireland
|
- | 0.18% | |
Denmark
|
- | 0.13% | |
Germany
|
- | 0.12% | |
Finland
|
- | 0.11% | |
| North America | 6.48% | - | |
United States
|
- | 6.31% | |
Canada
|
- | 0.17% | |
| Non-Classified | 3.66% | - | |
| South & Central America | 0.92% | - | |
Mexico
|
- | 0.92% | |
| Cash and Equivalents | 0.57% | - | |
| Australia & New Zealand | 0.47% | - | |
Australia
|
- | 0.47% | |
| Japan | 0.05% | - | |
Japan
|
- | 0.05% | |
| Emerging Europe | 0.05% | - | |
Czech Republic
|
- | 0.05% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
0.25% |
| 5Yr - 10Yr Maturity |
|
0.70% |
| 10Yr - 15Yr Maturity |
|
1.79% |
| > 15Yr Maturity |
|
94.96% |
| Cash And Equivalents |
|
0.57% |
| Unknown Maturity |
|
1.72% |
Fixed Interest Quality Profile
| AAA |
|
1.20% |
| AA |
|
58.25% |
| A |
|
14.25% |
| BBB |
|
19.43% |
| Sub-Investment Grade |
|
0.57% |
| Unknown Quality |
|
4.01% |
| Cash and Equivalents |
|
0.57% |
| Other Asset Types |
|
1.72% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 3¼% Treasury Gilt 2044 | 4.19% | Bonds | United Kingdom |
| 2 | 1½% Treasury Gilt 2047 | 3.29% | Bonds | United Kingdom |
| 3 | 4¼% Treasury Gilt 2055 | 2.92% | Bonds | United Kingdom |
| 4 | 4½% Treasury Gilt 2042 | 2.82% | Bonds | United Kingdom |
| 5 | 4% Treasury Gilt 2060 | 2.66% | Bonds | United Kingdom |
| 6 | 4¾% Treasury Stock 2038 | 2.66% | Bonds | United Kingdom |
| 7 | 1⅝% Treasury Gilt 2054 | 2.63% | Bonds | United Kingdom |
| 8 | 3½% Treasury Gilt 2045 | 2.60% | Bonds | United Kingdom |
| 9 | 4¼% Treasury Gilt 2040 | 2.50% | Bonds | United Kingdom |
| 10 | 4¼% Treasury Gilt 2046 | 2.47% | Bonds | 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).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Identification Codes
| Sedol Code | 3169403 |
| Mex Code | PUPR |
| Isin Code | GB0031694036 |
| Citi Code | P282 |
Fund Charges
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Long Term Bond Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G PP funds, in long-dated bonds split equally between UK Government gilts and corporate bonds. It is a “fund of funds” with the gilts component passively managed. The actively managed corporate bonds are mainly high quality sterling issues, but may include limited amounts of high yield and hedged non-sterling bonds. The split between government and corporate bonds may be reviewed from time to time. Performance Objective: To match the performance of the benchmark as closely as possible. |
| Benchmark | 50% FTSE Actuaries UK Conventional Gilts Over 15 Years Index and 50% iBoxx Sterling Over 15 Years Non-Gilts Index |
| ABI Sector | Sterling Long Bond |
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.
We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.
You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.
Medium Risk
These funds may invest in multi-asset strategies with a higher weighting in equities (or with significant derivative use), while funds investing mainly in property, high yield or government bonds (such as UK Gilts) are also in this category.
Help
Important Information
This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 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 intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.