Prudential Ex-DSF Corporate Bond

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

Performance

Discrete performance - to last month end

31/05/14
to
31/05/15
31/05/15
to
31/05/16
31/05/16
to
31/05/17
31/05/17
to
31/05/18
31/05/18
to
31/05/19
Fund 8.1% 4.9% 9.0% 1.3% 3.9%
Sector 6.5% 2.3% 8.8% -0.4% 3.2%
Rank 41/206 7/217 96/227 5/229 66/230
Quartile 1 1 2 1 2

Annualised performance

Annualised
3 Years to
31/05/19
5 Years to
31/05/19
10 Years to
31/05/19
Fund 4.7% 5.4% 7.9%
Sector 3.8% 4.0% 7.1%
Rank 32/227 10/206 38/136
Quartile 1 1 2

Top 10 Holdings

Stock % Weight
AT&T Inc 4.875% 01/06/2044 1.54
Republic of Italy Government Internation 6% 04/08/2028 1.51
Wells Fargo Bank NA 5.25% 01/08/2023 1.47
Lloyds Bank PLC 5.125% 07/03/2025 1.33
Heathrow Funding Ltd 6.75% 03/12/2026 1.07
Wells Fargo & Co 2% 28/07/2025 1.04
Microsoft Corp 4.75% 03/05/2055 1.02
Tesco Property Finance 3 PLC 5.744% 19/04/2033 0.99
Bank of America Corp 2.3% 25/07/2025 0.98
Imperial Brands Finance PLC 8.125% 15/03/2024 0.92
Total 11.88

Fund Aims

The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund aims to provide income and capital growth. At least 70% of the fund is invested in sterling-denominated corporate debt instruments. The fund’s exposure to corporate debt may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. Any currency exposures within the fund may be managed by currency hedges into sterling. The fund may also invest in collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash, near cash, other money market securities, warrants and other derivative instruments.

Fund Manager

Richard Woolnough manager of the underlying fund for 15 years and 3 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.

Fund Overview

Bid (14/06/2019) 276.90
Offer (14/06/2019) 291.40
Fund size (31/03/2019) £41.24m
Underlying Fund size £3160.32m
Number of holdings 482
Launch date 31/08/2004

Fund Charges

Base Annual Management Charge (AMC) 1.00%
Additional Charges 0.00%
Total Charges 1.00%

Asset Allocation

pie chart
  UK Corporate Bonds 50.37%
  International Bonds 48.00%
  Cash and Equivalents 7.09%
  Alternative Trading Strategies -0.01%
  UK Gilts -5.44%
Portfolio data accurate as at: 30/04/19

Important Information

Source of portfolio data: FundsLibrary. Source of performance data: Financial Express (FE). Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges, or the Annual Management Charge for any available PruFund funds. The application of charges may impact the overall performance. Please also note that our charges 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 and you may not get back the amount 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 Corporate Bonds 50.37%
  International Bonds 48.00%
  Cash and Equivalents 7.09%
  Alternative Trading Strategies -0.01%
  UK Gilts -5.44%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Basic Materials 0.07% - - -
 
Chemicals - 0.07% - -
 
Chemicals - - 0.07% -
 
Commodity Chemicals - - - 0.07%
 
Consumer Goods 7.99% - - -
 
Personal & Household Goods - 4.43% - -
 
Tobacco - - 4.43% -
 
Tobacco - - - 4.43%
 
Food & Beverage - 2.53% - -
 
Beverages - - 1.62% -
 
Brewers - - - 1.21%
 
Soft Drinks - - - 0.27%
 
Distillers & Vintners - - - 0.15%
 
Food Producers - - 0.90% -
 
Food Products - - - 0.90%
 
Automobiles & Parts - 1.03% - -
 
Automobiles & Parts - - 1.03% -
 
Automobiles - - - 0.92%
 
Auto Parts - - - 0.11%
 
Consumer Services 7.67% - - -
 
Travel & Leisure - 3.12% - -
 
Travel & Leisure - - 3.12% -
 
Airlines - - - 1.99%
 
Restaurants & Bars - - - 0.64%
 
Hotels - - - 0.41%
 
Travel & Tourism - - - 0.07%
 
Retail - 2.29% - -
 
General Retailers - - 1.45% -
 
Apparel Retailers - - - 0.79%
 
Specialized Consumer Services - - - 0.37%
 
Broadline Retailers - - - 0.29%
 
Food & Drug Retailers - - 0.84% -
 
Food Retailers & Wholesalers - - - 0.64%
 
Drug Retailers - - - 0.20%
 
Media - 2.27% - -
 
Media - - 2.27% -
 
Broadcasting & Entertainment - - - 1.98%
 
Publishing - - - 0.16%
 
Media Agencies - - - 0.13%
 
Financials 30.70% - - -
 
Banks - 16.65% - -
 
Banks - - 16.65% -
 
Banks - - - 16.65%
 
Insurance - 6.44% - -
 
Life Insurance - - 4.06% -
 
Life Insurance - - - 4.06%
 
Nonlife Insurance - - 2.38% -
 
Full Line Insurance - - - 1.87%
 
Reinsurance - - - 0.41%
 
Insurance Brokers - - - 0.10%
 
Real Estate - 4.41% - -
 
Real Estate Investment Trusts - - 3.06% -
 
Retail REITs - - - 1.84%
 
Industrial & Office REITs - - - 0.76%
 
Specialty REITs - - - 0.46%
 
Real Estate Investment & Services - - 1.35% -
 
Real Estate Services - - - 1.35%
 
Financial Services - 3.20% - -
 
Financial Services - - 3.11% -
 
Investment Services - - - 1.14%
 
Specialty Finance - - - 1.14%
 
Mortgage Finance - - - 0.55%
 
Asset Managers - - - 0.23%
 
Consumer Finance - - - 0.06%
 
Nonequity Investment Instruments - - 0.09% -
 
Nonequity Investment Instruments - - - 0.09%
 
Equity Investment Instruments - - 0.00% -
 
Equity Investment Instruments - - - 0.00%
 
Health Care 0.47% - - -
 
Health Care - 0.47% - -
 
Health Care Equipment & Services - - 0.47% -
 
Health Care Providers - - - 0.47%
 
Industrials 7.27% - - -
 
Industrial Goods & Services - 6.84% - -
 
Industrial Transportation - - 3.86% -
 
Transportation Services - - - 2.77%
 
Railroads - - - 1.09%
 
General Industrials - - 2.75% -
 
Diversified Industrials - - - 2.75%
 
Support Services - - 0.24% -
 
Business Support Services - - - 0.24%
 
Construction & Materials - 0.43% - -
 
Construction & Materials - - 0.43% -
 
Heavy Construction - - - 0.24%
 
Building Materials & Fixtures - - - 0.19%
 
Oil & Gas 0.41% - - -
 
Oil & Gas - 0.41% - -
 
Oil Equipment, Services & Distribution - - 0.41% -
 
Pipelines - - - 0.41%
 
Technology 3.09% - - -
 
Technology - 3.09% - -
 
Software & Computer Services - - 2.38% -
 
Software - - - 2.38%
 
Technology Hardware & Equipment - - 0.71% -
 
Computer Hardware - - - 0.71%
 
Telecommunications 13.16% - - -
 
Telecommunications - 13.16% - -
 
Fixed Line Telecommunications - - 10.67% -
 
Fixed Line Telecommunications - - - 10.67%
 
Mobile Telecommunications - - 2.49% -
 
Mobile Telecommunications - - - 2.49%
 
Utilities 9.53% - - -
 
Utilities - 9.53% - -
 
Gas, Water & Multiutilities - - 5.93% -
 
Water - - - 4.04%
 
Multiutilities - - - 1.23%
 
Gas Distribution - - - 0.67%
 
Electricity - - 3.60% -
 
Conventional Electricity - - - 3.60%
 
Government -10.14% - - -
 
Government - -10.14% - -
 
Government - - -10.14% -
 
Government - - - -10.14%
 
Corporate Bonds 0.83% - - -
 
Corporate Bonds - 0.83% - -
 
Corporate Bonds - - 0.83% -
 
Corporate Bonds - - - 0.83%
 
Asset Backed securities 0.16% - - -
 
Asset backed securities - 0.16% - -
 
Asset backed securities - - 0.16% -
 
Asset backed securities - - - 0.16%
 
Mortgage Backed securities 0.93% - - -
 
Mortgage backed securities - 0.93% - -
 
Mortgage backed securities - - 0.93% -
 
Mortgage backed securities - - - 0.93%
 
Alternative Trading Strategies -0.01% - - -
 
Alternative Trading Strategies - -0.01% - -
 
Alternative Trading Strategies - - -0.01% -
 
Alternative Trading Strategies - - - -0.01%
 
Non-Classified 20.78% - - -
 
Cash and Equivalents 7.09% - - -

Regional Allocation

pie chart
  UK 44.92%
  Developed Europe - Excl UK 22.91%
  North America 19.91%
  Cash and Equivalents 7.09%
  Non-Classified 3.15%
  South & Central America 1.03%
  Other Regions 0.98%

Fixed Interest Currencies

pie chart
  Pound Sterling 81.41%
  US Dollar 10.16%
  Cash 7.09%
  Euro 1.35%
  Non-Fixed Interest Assets -0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 44.92% -
 
United Kingdom - 44.92%
 
Developed Europe - Excl UK 22.91% -
 
France - 8.45%
 
Netherlands - 5.15%
 
Italy - 2.69%
 
Spain - 2.11%
 
Germany - 1.42%
 
Belgium - 1.28%
 
Luxembourg - 0.85%
 
Switzerland - 0.49%
 
Ireland - 0.33%
 
Sweden - 0.14%
 
North America 19.91% -
 
United States - 19.50%
 
Canada - 0.41%
 
Cash and Equivalents 7.09% -
 
Non-Classified 3.15% -
 
South & Central America 1.03% -
 
Mexico - 1.03%
 
Middle East & Africa 0.56% -
 
United Arab Emirates - 0.31%
 
South Africa - 0.25%
 
Australia & New Zealand 0.26% -
 
Australia - 0.26%
 
Japan 0.17% -
 
Japan - 0.17%

Fixed Interest Maturity Profile

5Yr - 10Yr Maturity
 
 
32.48%
> 15Yr Maturity
 
 
22.22%
< 5Yr Maturity
 
 
19.30%
10Yr - 15Yr Maturity
 
 
18.93%
Cash And Equivalents
 
 
7.09%
Other Asset Types
 
-0.01%

Fixed Interest Quality Profile

BBB
 
 
52.20%
A
 
 
28.13%
AAA
 
 
2.34%
AA
 
-0.65%
Sub-Investment Grade
 
 
3.47%
Unknown Quality
 
 
7.43%
Cash and Equivalents
 
 
7.09%
Other Asset Types
 
-0.01%

Top 10 Holdings

Stock % Weight Sector Country
1 AT&T Inc 4.875% 01/06/2044 1.54% Fixed Line Telecommunications United States
2 Republic of Italy Government Internation 6% 04/08/2028 1.51% Bonds Italy
3 Wells Fargo Bank NA 5.25% 01/08/2023 1.47% Banks United States
4 Lloyds Bank PLC 5.125% 07/03/2025 1.33% Banks United Kingdom
5 Heathrow Funding Ltd 6.75% 03/12/2026 1.07% Travel & Leisure United Kingdom
6 Wells Fargo & Co 2% 28/07/2025 1.04% Banks United States
7 Microsoft Corp 4.75% 03/05/2055 1.02% Software & Computer Services United States
8 Tesco Property Finance 3 PLC 5.744% 19/04/2033 0.99% General Industrials United Kingdom
9 Bank of America Corp 2.3% 25/07/2025 0.98% Banks United States
10 Imperial Brands Finance PLC 8.125% 15/03/2024 0.92% Tobacco United Kingdom

Important Information

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 B02SQR0
Mex Code PUCOB
Isin Code GB00B02SQR01
Citi Code ILE3

Fund Charges

Base Annual Management Charge (AMC) 1.00%
Additional Charges 0.00%
Total Charges 1.00%

Aims and Benchmark

Aims The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund aims to provide income and capital growth. At least 70% of the fund is invested in sterling-denominated corporate debt instruments. The fund’s exposure to corporate debt may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. Any currency exposures within the fund may be managed by currency hedges into sterling. The fund may also invest in collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash, near cash, other money market securities, warrants and other derivative instruments.
Benchmark IA Sterling Corporate Bond sector average
Sector ABI Sterling Corporate Bond

Ratings

Morningstar Analyst Rating™ Morningstar Analyst Rating of Silver
FE Crown Crown Rating of 3

Important Information

Our charges 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

Source of performance data: Financial Express (FE). Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges, or the Annual Management Charge for any available PruFund funds. The application of charges may impact the overall performance. Please also note that our charges 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 and you may not get back the amount 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 (PACL), which is registered in England and Wales. This name is also used by other companies within the Prudential Group. 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.