Prudential Ex-DSF M&G Corporate Bond

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

Performance

Discrete performance - to last month end

31/03/16
to
31/03/17
31/03/17
to
31/03/18
31/03/18
to
31/03/19
31/03/19
to
31/03/20
31/03/20
to
31/03/21
Fund 9.0% 2.8% 3.5% 0.1% 11.4%
Sector 8.4% 1.4% 2.4% 0.3% 8.7%
Rank 70/208 24/212 34/213 122/216 28/218
Quartile 2 1 1 3 1

Annualised performance

Annualised
3 Years to
31/03/21
5 Years to
31/03/21
10 Years to
31/03/21
Fund 4.9% 5.3% 6.7%
Sector 3.8% 4.2% 5.1%
Rank 15/213 21/208 4/159
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
Northern Trust The Sterling Fund Class E 2.56
3¼% Treasury Gilt 2044 2.29
4¼% Treasury Gilt 2040 1.78
KFW 1.375000% 15/12/2025 1.39
LLOYDS BANK PLC 5.125000% 07/03/2025 1.38
BAT INTL FIN PLC 2.250000% 09/09/2052 1.23
IMPERIAL BRANDS FINANCE PLC 4.875000% 07/06/2032 1.22
ROYAL BANK OF CANADA 0.518100% 30/01/2025 1.20
½% Treasury Gilt 2022 1.18
EUROPEAN INVESTMENT BANK 1.048100% 18/01/2027 1.05
Total 15.29

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Corporate Bond 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 the average return of the IA £ Corporate Bond Sector over any five-year period. At least 70% of the fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities are denominated in sterling or hedged back to sterling.

Other investments may include: • debt securities issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns and supranational bodies, denominated in any currency; • below investment grade and unrated debt securities; • Asset-Backed Securities; and • other transferable securities, cash, and near cash, directly or via collective investment schemes (including funds managed by M&G).

Derivatives may be used for investment purposes, efficient portfolio management and hedging.

Fund Manager

Richard Woolnough manager of the underlying fund for 17 years and 1 months

Photo of Richard Woolnough Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in economics.

Ben Lord manager of the underlying fund for 1 years and 3 months

Photo of Ben Lord Ben Lord joined M&G in 2007 and was appointed fund manager of the M&G Global Corporate Bond Fund from launch in September 2013. He is also fund manager of the M&G UK Inflation Linked Corporate Bond Fund and deputy manager of the M&G European Inflation Linked Corporate Bond Fund, the M&G Strategic Corporate Bond Fund, the M&G Corporate Bond Fund and the M&G Short Dated Corporate Bond Fund. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.

Fund Overview

Bid (15/04/2021) 304.40
Offer (15/04/2021) 320.40
Fund size (31/01/2021) £38.19m
Underlying Fund size £2995.38m
Number of holdings 419
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
  International Bonds 45.72%
  UK Corporate Bonds 42.07%
  UK Gilts 7.38%
  Alternative Trading Strategies 2.92%
  Money Market 2.56%
  Cash and Equivalents 0.37%
  Other Assets -1.03%
Portfolio data accurate as at: 31/03/21

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 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 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 45.72%
  UK Corporate Bonds 42.07%
  UK Gilts 7.38%
  Alternative Trading Strategies 2.92%
  Money Market 2.56%
  Cash and Equivalents 0.37%
  Other Assets -1.03%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 95.18% - - -
 
Alternative Trading Strategies 2.92% - - -
 
Alternative Trading Strategies - 2.92% - -
 
Alternative Trading Strategies - - 2.92% -
 
Alternative Trading Strategies - - - 2.92%
 
Non-Classified 1.53% - - -
 
Cash and Equivalents 0.37% - - -

Regional Allocation

pie chart
  UK 49.45%
  Developed Europe - Excl UK 20.94%
  North America 19.42%
  Non-Classified 5.00%
  Cash and Equivalents 2.93%
  South & Central America 1.29%
  Developed Asia 0.58%
  Australia & New Zealand 0.35%
  Middle East & Africa 0.04%

Fixed Interest Currencies

pie chart
  Pound Sterling 81.91%
  US Dollar 10.60%
  Non-Fixed Interest Assets 4.46%
  Euro 2.67%
  Cash 0.37%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 49.45% -
 
United Kingdom - 49.45%
 
Developed Europe - Excl UK 20.94% -
 
France - 7.77%
 
Netherlands - 3.80%
 
Luxembourg - 3.70%
 
Germany - 2.95%
 
Italy - 0.82%
 
Spain - 0.58%
 
Sweden - 0.37%
 
Ireland - 0.35%
 
Norway - 0.35%
 
Belgium - 0.18%
 
Switzerland - 0.07%
 
North America 19.42% -
 
United States - 16.33%
 
Canada - 3.09%
 
Non-Classified 5.00% -
 
Cash and Equivalents 2.93% -
 
South & Central America 1.29% -
 
Mexico - 1.29%
 
Developed Asia 0.58% -
 
Hong Kong - 0.58%
 
Australia & New Zealand 0.35% -
 
Australia - 0.35%
 
Middle East & Africa 0.04% -
 
United Arab Emirates - 0.04%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
24.47%
5Yr - 10Yr Maturity
 
 
27.99%
10Yr - 15Yr Maturity
 
 
8.76%
> 15Yr Maturity
 
 
33.96%
Cash And Equivalents
 
 
0.37%
Unknown Maturity
 
 
1.53%
Other Asset Types
 
 
2.92%

Fixed Interest Quality Profile

AAA
 
 
17.76%
AA
 
 
15.02%
A
 
 
17.25%
BBB
 
 
35.79%
Sub-Investment Grade
 
 
1.25%
Unknown Quality
 
 
8.12%
Cash and Equivalents
 
 
0.37%
Other Asset Types
 
 
4.46%

Top 10 Holdings

Stock % Weight Sector Country
1 Northern Trust The Sterling Fund Class E 2.56% Non-Classified Cash and Equivalents
2 3¼% Treasury Gilt 2044 2.29% Bonds United Kingdom
3 4¼% Treasury Gilt 2040 1.78% Bonds United Kingdom
4 KFW 1.375000% 15/12/2025 1.39% Bonds Germany
5 LLOYDS BANK PLC 5.125000% 07/03/2025 1.38% Bonds United Kingdom
6 BAT INTL FIN PLC 2.250000% 09/09/2052 1.23% Bonds United Kingdom
7 IMPERIAL BRANDS FINANCE PLC 4.875000% 07/06/2032 1.22% Bonds United Kingdom
8 ROYAL BANK OF CANADA 0.518100% 30/01/2025 1.20% Bonds Canada
9 ½% Treasury Gilt 2022 1.18% Bonds United Kingdom
10 EUROPEAN INVESTMENT BANK 1.048100% 18/01/2027 1.05% Bonds Luxembourg

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 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.

Identification Codes

Sedol Code B02SQR0
Mex Code PUCOB
Isin Code GB00B02SQR01
Citi Code ILE3

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 Corporate Bond 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 the average return of the IA £ Corporate Bond Sector over any five-year period. At least 70% of the fund is invested, directly or indirectly through derivatives, in investment grade corporate debt securities. These securities can be issued by companies from anywhere in the world, including Emerging Markets. These securities are denominated in sterling or hedged back to sterling. Other investments may include: • debt securities issued or guaranteed by governments and their agencies, public authorities, quasi-sovereigns and supranational bodies, denominated in any currency; • below investment grade and unrated debt securities; • Asset-Backed Securities; and • other transferable securities, cash, and near cash, directly or via collective investment schemes (including funds managed by M&G). Derivatives may be used for investment purposes, efficient portfolio management and hedging.
Benchmark IA Sterling Corporate Bond sector average
Sector ABI Sterling Corporate Bond

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 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.

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 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 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.