Fact sheet: Pru Artemis Income Pn

Fund information
Fund name
Pru Artemis Income Pn Ser A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Nick Shentonsince 30/06/2014
  • Adrian Frostsince 19/10/2008
  • Adrian Gosdensince 19/10/2008
Underlying fund
Artemis Income
Fund objective
The investment strategy of the fund is to purchase units in the Artemis Income Fund. That fund aims to achieve a rising income combined with capital growth from a portfolio primarily made up of investments in the United Kingdom. The Manager actively manages the portfolio in order to achieve the objective with exposure to ordinary shares, preference shares, convertibles and fixed interest securities.
Benchmark
  • FTSE All Share Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.8%
1 Year rank in sector
105/225
Sector
PN UK Equity Income
Yield
-
Fund size
£8m (£7m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
84
Bid price
213
Offer price
224.2
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income31.3%
OMW IPLM&GGlLePn25.8%
FL Income Accumulation Pn25.7%
FL Schroder Inc AP25.4%
Zurich Schroder Income Pn24.6%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK87.4%
    Money Market2.7%
    France2.5%
    Germany2.4%
    Netherlands2.2%
  • Media10.3%
    Pharmaceuticals8.6%
    Financials7.7%
    Oil & Gas Exploration & Production7.1%
    Banks7%
  • UK Equities85.2%
    Money Market2.7%
    French Equities2.5%
    German Equities2.4%
    Dutch Equities2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%-1.4%6.5%7.8%18.1%60.9%
Sector1.3%-0.7%7.2%9.3%20.2%62.5%
Rank within sector90 / 229124 / 229103 / 229105 / 225148 / 205121 / 192
Quartile2nd3rd2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.7%3.7%3.4%23.1%13.6%
Sector8.2%3.9%3.7%23.2%13.2%
Rank within sector109 / 225154 / 220119 / 205119 / 19799 / 192
Quartile2nd3rd3rd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.36
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.16
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.02
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.54
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.23
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.92
Price movement
52 week high219.6
52 week low177.3
Current bid price213
Current offer price224.2
Current mid price-
Region
1UK87.42%
2Money Market2.71%
3France2.52%
4Germany2.44%
5Netherlands2.18%
6USA1.7%
7Spain0.65%
8Norway0.38%
Industry sector
1Media10.34%
2Pharmaceuticals8.64%
3Financials7.68%
4Oil & Gas Exploration & Production7.07%
5Banks6.97%
6Life Insurance6.76%
7Property Shares4.34%
8Travel4.23%
9Tobacco3.73%
Asset type
1UK Equities85.18%
2Money Market2.71%
3French Equities2.52%
4German Equities2.44%
5Dutch Equities2.18%
6Others1.91%
7US Equities1.7%
8Spanish Equities0.65%
9Norwegian Equities0.38%
Individual holdings
1BP4.33%
2RELX PLC3.98%
3IMPERIAL BRANDS PLC3.73%
43I GROUP PLC ORD3.59%
5INFORMA PLC3.47%
6GLAXOSMITHKLINE3.42%
7ASTRAZENECA PLC2.93%
8BT GROUP2.92%
9ROYAL DUTCH SHELL2.74%
Management
Fund manager group
Prudential
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund objective
The investment strategy of the fund is to purchase units in the Artemis Income Fund. That fund aims to achieve a rising income combined with capital growth from a portfolio primarily made up of investments in the United Kingdom. The Manager actively manages the portfolio in order to achieve the objective with exposure to ordinary shares, preference shares, convertibles and fixed interest securities.
Benchmark
  • FTSE All Share Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Nick Shenton30/06/2014Nick studied economics with French at the University of Nottingham and joined F&C Asset Management in 2003. He spent four years as an analyst and assistant fund manager on the UK and pan-European equities desks before moving to Polar Capital in May 2007 as a fund manager on the UK long/short equity hedge fund. He joined Artemis' UK income team in the summer of 2012, and in July 2014 became a manager of income mandates alongside Adrian Frost and Adrian Gosden.
Adrian Frost19/10/2008After Jesus College, Cambridge, Adrian joined Deutsche Asset Management (Morgan Grenfell) in 1983. He was appointed a director in 1990 and head of UK equities in 1996. Adrian joined Artemis in December 2001 and took over the management of the Artemis Income Fund in January 2002. He has also managed the Artemis High Income Fund since September 2002.
Adrian Gosden19/10/2008After graduating from Oxford, Adrian started his investment career with Andersen Consulting as a strategic consultant specialising in the telecoms sector. In 1996, he joined Fleming Investment Management as an analyst and assistant fund manager for UK equities until 1998, when he moved to Socit Gnrale Asset Management. There he co-managed the UK Income Fund and several higher income institutional and charity mandates. Adrian joined the Artemis UK equity team in October 2003. Now he manages the Artemis Income Fund and High Income Fund with Adrian Frost.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru Artemis Income Pn Ser A
Initial charge-
Annual charge1.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price213
Offer price224.2
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD9K6
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