NEW ZEALAND LOCAL GOVERNMENT F LOCAL GOVT G 04/33 3.5
1.58
UNITED STATES TREASURY NOTE/BO 05/37 5
1.58
UNITED STATES TREASURY NOTE/BO 02/28 4
1.56
Total
22.09
Fund Aims
The Fund aims to provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over at least 5 years.
The Fund targets a return of UK Consumer Prices Index (CPI) +4% each year (before fees), over 5-year rolling periods.
While the Fund aims to achieve its objective and its performance target, there is no guarantee that either will be achieved, over 5-year rolling periods or over any period and there is a risk of loss.
Fund Manager
Jason Borbora-Sheenmanager
for
3 years
and 11 months
Jason is a portfolio manager in the Multi-Asset team at Ninety One. He is co-portfolio manager of the Multi-Asset Income strategies and his research responsibilities include equities. He joined the firm in 2015 to work on the income strategy as an analyst with responsibility for its equity exposure. Prior to this he worked for Pan Asset Capital Management as an assistant fund manager on multi-asset portfolios. Previously, Jason worked for BlackRock as an analyst. Jason studied Law at Oxford University. He holds an Investment Management Certificate and is a CFA® charterholder.
John Stopfordmanager
for
3 years
and 11 months
John is Head of Multi-Asset Income at Ninety One. He is co-portfolio manager of the Multi-Asset Income strategies and has macro focussed research responsibilities.. During his time at the firm John has held senior positions as Co-Head of Fixed Income & Currency, having previously been responsible for the management of our South African fixed income assets from 1998 to 2004. John joined Guinness Flight in 1993, which was later acquired by our firm, and took responsibility for investments in emerging bond and currency markets. Prior to this, he worked in London and Tokyo as a specialist global bond and currency portfolio manager for Mitsui Trust Asset Management. John graduated from the University of Oxford with an honours degree in Chemistry in 1990 and he is a CFA® Charterholder.
Fund Overview
Mid (03/05/2024)
109.35p
Historic yield
3.05%
Fund size (28/02/2024)
£620.25m
Number of holdings
6613
Entry Charge
0.00%
Ongoing Charges
0.90%
Launch date
02/05/2012
Asset Allocation
International Bonds
55.15%
International Equities
21.25%
UK Equities
7.51%
Cash and Equivalents
4.53%
UK Gilts
3.08%
Investment Trusts
1.86%
UK Corporate Bonds
1.49%
Property
0.23%
Alternative Trading Strategies
0.00%
Other Assets
4.90%
Portfolio data accurate as at: 28/02/24
Important Information
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 ongoing charges, but take no account of product charges. Ongoing 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 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
International Bonds
55.15%
International Equities
21.25%
UK Equities
7.51%
Cash and Equivalents
4.53%
UK Gilts
3.08%
Investment Trusts
1.86%
UK Corporate Bonds
1.49%
Property
0.23%
Alternative Trading Strategies
0.00%
Other Assets
4.90%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
60.00%
-
-
-
Financials
7.59%
-
-
-
Financial Services
-
2.85%
-
-
Equity Investment Instruments
-
-
1.86%
-
Equity Investment Instruments
-
-
-
1.86%
Investment Banking & Brokerage Services
-
-
0.99%
-
Asset Managers & Custodians
-
-
-
0.99%
Banks
-
2.39%
-
-
Banks
-
-
2.39%
-
Banks
-
-
-
2.39%
Insurance
-
2.35%
-
-
Non-life Insurance
-
-
2.35%
-
Full Line Insurance
-
-
-
0.84%
Property & Casualty Insurance
-
-
-
0.79%
Reinsurance
-
-
-
0.72%
Consumer Staples
5.77%
-
-
-
Food, Beverage & Tobacco
-
3.17%
-
-
Beverages
-
-
2.17%
-
Soft Drinks
-
-
-
1.57%
Distillers & Vintners
-
-
-
0.60%
Food Producers
-
-
1.00%
-
Food Products
-
-
-
1.00%
Personal Care, Drug & Grocery Stores
-
2.60%
-
-
Personal Care, Drug & Grocery Stores
-
-
2.60%
-
Personal Products
-
-
-
2.09%
Food Retailers & Wholesalers
-
-
-
0.51%
Non-Classified
4.90%
-
-
-
Non-Classified
-
0.00%
-
-
Non-Classified
-
-
0.00%
-
Non-Classified
-
-
-
0.00%
Cash and Equivalents
4.53%
-
-
-
Health Care
4.44%
-
-
-
Health Care
-
4.44%
-
-
Pharmaceuticals & Biotechnology
-
-
3.81%
-
Pharmaceuticals
-
-
-
3.81%
Medical Equipment & Services
-
-
0.63%
-
Medical Supplies
-
-
-
0.63%
Basic Materials
3.94%
-
-
-
Basic Resources
-
3.20%
-
-
Precious Metals & Mining
-
-
1.62%
-
Gold Mining
-
-
-
1.62%
Industrial Metals & Mining
-
-
1.58%
-
General Mining
-
-
-
0.94%
Aluminum
-
-
-
0.64%
Chemicals
-
0.74%
-
-
Chemicals
-
-
0.74%
-
Fertilizers
-
-
-
0.74%
Industrials
2.60%
-
-
-
Industrial Goods & Services
-
1.88%
-
-
Industrial Transportation
-
-
0.74%
-
Delivery Services
-
-
-
0.74%
Electronic & Electrical Equipment
-
-
0.59%
-
Electrical Components
-
-
-
0.59%
General Industrials
-
-
0.55%
-
Containers & Packaging
-
-
-
0.55%
Construction & Materials
-
0.72%
-
-
Construction & Materials
-
-
0.72%
-
Construction
-
-
-
0.72%
Utilities
1.84%
-
-
-
Utilities
-
1.84%
-
-
Electricity
-
-
1.01%
-
Conventional Electricity
-
-
-
0.73%
Alternative Electricity
-
-
-
0.28%
Gas, Water & Multi-utilities
-
-
0.83%
-
Multi-Utilities
-
-
-
0.83%
Telecommunications
1.36%
-
-
-
Telecommunications
-
1.36%
-
-
Telecommunications Equipment
-
-
1.36%
-
Telecommunications Equipment
-
-
-
1.36%
Real Estate
1.15%
-
-
-
Real Estate
-
1.15%
-
-
Real Estate Investment Trusts
-
-
1.15%
-
Infrastructure REITs
-
-
-
0.50%
Other Specialty REITs
-
-
-
0.42%
Industrial REITs
-
-
-
0.23%
Consumer Discretionary
0.94%
-
-
-
Retail
-
0.64%
-
-
Retailers
-
-
0.64%
-
Home Improvement Retailers
-
-
-
0.64%
Media
-
0.30%
-
-
Media
-
-
0.30%
-
Publishing
-
-
-
0.30%
Technology
0.93%
-
-
-
Technology
-
0.93%
-
-
Technology Hardware & Equipment
-
-
0.93%
-
Semiconductors
-
-
-
0.93%
Alternative Trading Strategies
0.00%
-
-
-
Alternative Trading Strategies
-
0.00%
-
-
Alternative Trading Strategies
-
-
0.00%
-
Alternative Trading Strategies
-
-
-
0.00%
Regional Allocation
North America
35.21%
UK
12.08%
Non-Classified
11.91%
Developed Europe - Excl UK
11.43%
South & Central America
10.73%
Australia & New Zealand
5.38%
Cash and Equivalents
4.53%
Emerging Asia
4.26%
Middle East & Africa
4.09%
Other Regions
0.38%
Fixed Interest Currencies
Non-Fixed Interest Assets
35.75%
US Dollar
23.14%
New Zealand Dollar
5.86%
Canadian Dollar
5.33%
Cash
4.53%
Pound Sterling
4.42%
Other Currencies
20.97%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
35.21%
-
United States
-
28.22%
Canada
-
7.00%
UK
12.08%
-
United Kingdom
-
12.08%
Jersey
-
0.00%
Non-Classified
11.91%
-
Developed Europe - Excl UK
11.43%
-
France
-
3.19%
Switzerland
-
2.69%
Germany
-
1.21%
Ireland
-
1.15%
Netherlands
-
1.13%
Norway
-
0.65%
Sweden
-
0.59%
Spain
-
0.39%
Luxembourg
-
0.24%
Italy
-
0.11%
Finland
-
0.03%
Belgium
-
0.02%
Austria
-
0.01%
Denmark
-
0.01%
Portugal
-
0.00%
Liechtenstein
-
0.00%
Iceland
-
0.00%
South & Central America
10.73%
-
Mexico
-
4.88%
Brazil
-
2.33%
Peru
-
1.77%
Colombia
-
1.70%
Uruguay
-
0.05%
Chile
-
0.00%
Australia & New Zealand
5.38%
-
Australia
-
4.07%
New Zealand
-
1.31%
Cash and Equivalents
4.53%
-
Emerging Asia
4.26%
-
Indonesia
-
2.67%
South Korea
-
0.64%
Taiwan
-
0.59%
India
-
0.35%
China
-
0.01%
Thailand
-
0.00%
Middle East & Africa
4.09%
-
South Africa
-
3.47%
Kenya
-
0.15%
Ghana
-
0.13%
Uganda
-
0.11%
Egypt
-
0.06%
Senegal
-
0.06%
Cote D'Ivoire
-
0.05%
Benin
-
0.04%
Israel
-
0.01%
Property
0.23%
-
Emerging Europe
0.15%
-
Turkey
-
0.15%
Czech Republic
-
0.00%
Hungary
-
0.00%
Poland
-
0.00%
Slovakia (Slovak Republic)
-
0.00%
Estonia
-
0.00%
Croatia
-
0.00%
Breakdown By Market Cap (%)
Mega
17.67%
Large
4.47%
Medium
2.29%
Small
0.83%
Non-Classified
10.48%
Bonds
59.72%
Cash
4.53%
Fixed Interest Maturity Profile
< 5Yr Maturity
27.27%
5Yr - 10Yr Maturity
21.79%
10Yr - 15Yr Maturity
7.85%
> 15Yr Maturity
2.81%
Cash And Equivalents
4.53%
Unknown Maturity
4.90%
Other Asset Types
30.85%
Fixed Interest Quality Profile
AAA
21.57%
AA
12.14%
A
1.47%
BBB
7.99%
Sub-Investment Grade
6.16%
Unknown Quality
10.39%
Cash and Equivalents
4.53%
Other Asset Types
35.75%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
UNITED STATES TREASURY NOTE/BO 06/26 4.125
3.78%
Bonds
United States
2
4¼% Treasury Stock 2032
2.83%
Bonds
United Kingdom
3
UNITED STATES TREASURY NOTE/BO 10/24 0.625
2.72%
Bonds
United States
4
UNITED STATES TREASURY NOTE/BO 07/25 4.75
2.66%
Bonds
United States
5
UNITED STATES TREASURY NOTE/BO 10/24 4.375
1.87%
Bonds
United States
6
MEXICAN BONOS BONDS 09/24 8
1.77%
Bonds
Mexico
7
UNITED STATES TREASURY NOTE/BO 05/32 2.875
1.72%
Bonds
United States
8
NEW ZEALAND LOCAL GOVERNMENT F LOCAL GOVT G 04/33 3.5
1.58%
Bonds
Non-Classified
9
UNITED STATES TREASURY NOTE/BO 05/37 5
1.58%
Bonds
United States
10
UNITED STATES TREASURY NOTE/BO 02/28 4
1.56%
Bonds
United States
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 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
B591W91
Mex Code
YFIAAB
Isin Code
GB00B591W916
Citi Code
12GF
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.90%
Aims and Benchmark
Aims
The Fund aims to provide income with the opportunity for capital growth (i.e. to grow the value of your investment) over at least 5 years.
The Fund targets a return of UK Consumer Prices Index (CPI) +4% each year (before fees), over 5-year rolling periods.
While the Fund aims to achieve its objective and its performance target, there is no guarantee that either will be achieved, over 5-year rolling periods or over any period and there is a risk of loss.
Benchmark
45% MSCI AC World High Dividend Yield GBP Hedged + 55% Bloomberg Global Aggregate Total Return GBP Hedged (UK CPI +4% pre 04/07/2023)
Benchmark Category
-
IA Sector
Mixed Investment 20-60% Shares
Fund Background
Valuation frequency
Daily
Valuation point
-
Fund type
OEIC
Launch price
-
Fund currency
Pound Sterling
Fund domicile
-
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Quarterly
Distribution Type
Dividend
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 January
28 February
01 April
31 May
01 July
31 August
01 October
30 November
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
State Street Trustees Limited
Fund Administrator
SS&C Financial Services International Limited
Fund Registrar
SS&C Financial Services Europe Limited
Fund Custodian
State Street Bank and Trust Company
Group Details
Group name
Ninety One
Group address
55 Gresham Street
London
EC2V 7QP
Group telephone
+44 (0) 203 938 1900
Dealing telephone
+44 (0) 203 938 1900
Email
enquiries@ninetyone.com
Homepage
https://ninetyone.com/en/united-kingdom
Fax number
+44 (0) 203 938 1900
Dealing
Minimum Investment
£1000000
Minimum Top Up
£250000
Minimum Regular Saving
-
Settlement Period: Buy
3 days
Settlement Period: Sell
3 days
Pricing Basis
Forward
Dealing Decimals
3
Important Information
Ongoing 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 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
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 ongoing charges, but take no account of product charges. Ongoing 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 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.