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

31/07/14
to
31/07/15
31/07/15
to
31/07/16
31/07/16
to
31/07/17
31/07/17
to
31/07/18
31/07/18
to
31/07/19
Fund 5.6% 11.7% 3.5% 1.4% 7.5%
Sector 4.7% 9.6% 2.6% -0.3% 6.5%
Rank 88/213 22/221 63/231 5/233 50/234
Quartile 2 1 2 1 1

Annualised performance

Annualised
3 Years to
31/07/19
5 Years to
31/07/19
10 Years to
31/07/19
Fund 4.1% 5.9% 7.8%
Sector 2.9% 4.6% 6.6%
Rank 11/231 13/213 14/143
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
Republic of Italy Government Internation 6% 04/08/2028 1.70
AT&T Inc 4.875% 01/06/2044 1.66
Wells Fargo Bank NA 5.25% 01/08/2023 1.62
Lloyds Bank PLC 5.125% 07/03/2025 1.47
Microsoft Corp 4.75% 03/05/2055 1.21
Heathrow Funding Ltd 6.75% 03/12/2026 1.18
Wells Fargo & Co 2% 28/07/2025 1.17
Tesco Property Finance 3 PLC 5.744% 12/06/2033 1.13
Bank of America Corp 2.3% 25/07/2025 1.08
Orange SA 8.125% 20/11/2028 1.03
Total 13.26

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 5 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 15 years and 5 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 (23/08/2019) 285.10
Offer (23/08/2019) 300.10
Fund size (30/06/2019) £42.10m
Underlying Fund size £2903.25m
Number of holdings 469
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 Corporate Bonds 55.18%
  International Bonds 41.30%
  Cash and Equivalents 6.31%
  UK Gilts -2.06%
  Other Assets -0.72%
Portfolio data accurate as at: 31/07/19

Important Information

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 Corporate Bonds 55.18%
  International Bonds 41.30%
  Cash and Equivalents 6.31%
  UK Gilts -2.06%
  Other Assets -0.72%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Consumer Services 8.08% - - -
 
Basic Materials 0.08% - - -
 
Chemicals - 0.08% - -
 
Chemicals - - 0.08% -
 
Consumer Goods 8.82% - - -
 
Personal & Household Goods - 4.85% - -
 
Food & Beverage - 2.81% - -
 
Financials 31.35% - - -
 
Banks - 17.76% - -
 
Banks - - 17.76% -
 
Banks - - - 17.76%
 
Insurance - 6.09% - -
 
Life Insurance - - 3.72% -
 
Life Insurance - - - 3.72%
 
Financial Services - 3.21% - -
 
Nonequity Investment Instruments - - 0.10% -
 
Nonequity Investment Instruments - - - 0.10%
 
Equity Investment Instruments - - 0.00% -
 
Equity Investment Instruments - - - 0.00%
 
Health Care 0.46% - - -
 
Health Care - 0.46% - -
 
Industrials 7.91% - - -
 
Industrial Goods & Services - 7.43% - -
 
Industrial Transportation - - 4.30% -
 
Transportation Services - - - 3.08%
 
Railroads - - - 1.22%
 
General Industrials - - 3.10% -
 
Diversified Industrials - - - 3.10%
 
Construction & Materials - 0.48% - -
 
Construction & Materials - - 0.48% -
 
Oil & Gas 0.45% - - -
 
Oil & Gas - 0.45% - -
 
Oil Equipment, Services & Distribution - - 0.45% -
 
Technology 3.63% - - -
 
Technology - 3.63% - -
 
Software & Computer Services - - 2.84% -
 
Software - - - 2.84%
 
Technology Hardware & Equipment - - 0.79% -
 
Computer Hardware - - - 0.79%
 
Telecommunications 13.18% - - -
 
Telecommunications - 13.18% - -
 
Utilities 10.64% - - -
 
Utilities - 10.64% - -
 
Electricity - - 4.02% -
 
Conventional Electricity - - - 4.02%
 
Government -6.57% - - -
 
Government - -6.57% - -
 
Government - - -6.57% -
 
Government - - - -6.57%
 
Corporate Bonds 0.93% - - -
 
Corporate Bonds - 0.93% - -
 
Corporate Bonds - - 0.93% -
 
Corporate Bonds - - - 0.93%
 
Asset Backed securities 0.16% - - -
 
Asset backed securities - 0.16% - -
 
Asset backed securities - - 0.16% -
 
Asset backed securities - - - 0.16%
 
Mortgage Backed securities 2.24% - - -
 
Mortgage backed securities - 2.24% - -
 
Mortgage backed securities - - 2.24% -
 
Mortgage backed securities - - - 2.24%
 
Non-Classified 12.34% - - -
 
Cash and Equivalents 6.31% - - -

Regional Allocation

pie chart
  UK 53.12%
  Developed Europe - Excl UK 25.20%
  North America 10.20%
  Cash and Equivalents 6.31%
  Non-Classified 3.04%
  South & Central America 1.14%
  Other Regions 1.00%

Fixed Interest Currencies

pie chart
  Pound Sterling 93.36%
  Cash 6.31%
  Euro 1.22%
  US Dollar -0.17%
  Non-Fixed Interest Assets -0.72%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 53.12% -
 
United Kingdom - 53.12%
 
Developed Europe - Excl UK 25.20% -
 
France - 9.48%
 
Netherlands - 5.81%
 
Italy - 3.12%
 
Spain - 2.36%
 
Belgium - 1.42%
 
Germany - 1.02%
 
Luxembourg - 0.94%
 
Switzerland - 0.55%
 
Ireland - 0.36%
 
Sweden - 0.15%
 
North America 10.20% -
 
United States - 9.75%
 
Canada - 0.44%
 
Cash and Equivalents 6.31% -
 
Non-Classified 3.04% -
 
South & Central America 1.14% -
 
Mexico - 1.14%
 
Middle East & Africa 0.63% -
 
United Arab Emirates - 0.34%
 
South Africa - 0.29%
 
Australia & New Zealand 0.29% -
 
Australia - 0.29%
 
Japan 0.08% -
 
Japan - 0.08%

Fixed Interest Maturity Profile

5Yr - 10Yr Maturity
 
 
30.19%
> 15Yr Maturity
 
 
25.64%
< 5Yr Maturity
 
 
20.23%
10Yr - 15Yr Maturity
 
 
18.35%
Cash And Equivalents
 
 
6.31%
Other Asset Types
 
-0.72%

Fixed Interest Quality Profile

BBB
 
 
57.72%
A
 
 
29.62%
AA
 
 
3.27%
AAA
 
-6.27%
Sub-Investment Grade
 
 
1.44%
Unknown Quality
 
 
8.64%
Cash and Equivalents
 
 
6.31%
Other Asset Types
 
-0.72%

Top 10 Holdings

Stock % Weight Sector Country
1 Republic of Italy Government Internation 6% 04/08/2028 1.70% Bonds Italy
2 AT&T Inc 4.875% 01/06/2044 1.66% Fixed Line Telecommunications United States
3 Wells Fargo Bank NA 5.25% 01/08/2023 1.62% Banks United States
4 Lloyds Bank PLC 5.125% 07/03/2025 1.47% Banks United Kingdom
5 Microsoft Corp 4.75% 03/05/2055 1.21% Software & Computer Services United States
6 Heathrow Funding Ltd 6.75% 03/12/2026 1.18% Travel & Leisure United Kingdom
7 Wells Fargo & Co 2% 28/07/2025 1.17% Banks United States
8 Tesco Property Finance 3 PLC 5.744% 12/06/2033 1.13% General Industrials United Kingdom
9 Bank of America Corp 2.3% 25/07/2025 1.08% Banks United States
10 Orange SA 8.125% 20/11/2028 1.03% Fixed Line Telecommunications France

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

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

FE Crown Crown Rating of 3

Important Information

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

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.

"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.