Fact sheet: Pru Baillie Giff HiYdBd Pn

Fund information
Fund name
Pru Baillie Gifford High Yield Bond Pn Ser A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Robert Baltzersince 30/05/2010
  • Donald Phillipssince 30/05/2010
Underlying fund
Baillie Gifford Hi Yd Bond
Fund objective
The investment strategy of the fund is to purchase units in the Baillie Gifford High Yield Bond Fund. That fund aims to produce a high level of return by investing in a diversified portfolio consisting primarily of sub-investment grade bonds. Currency forwards and derivatives may be used from time to time in keeping with the fund’s objective with the intention of either protecting or enhancing the return on the fund. No more than 10% in value of the property of the fund will be invested in units of other collective investment schemes. More than 35% in value of the property of the fund may be invested in Government and Public securities.
Benchmark
  • Merrill Lynch European Currencies High Yield Constrained Index
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
6.3%
1 Year rank in sector
32/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£0m (£0m 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.
36
Bid price
154.5
Offer price
162.7
Top in this sector
Fund name1 Year
L&G High Income Pn10.9%
Aviva Invtec M High Inc Pn10.2%
SIP JPM Gbl Hi Yd Bd Pn10%
LV= Investec Monthly Hi Inc Pn9.9%
Aviva JPM Gbl HighYldBd Pn9.7%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK38.1%
    Europe31.5%
    North America19.8%
    Global Emerging Markets4.4%
    Asia3.4%
  • Capital Goods11.9%
    Financial Services11.4%
    Telecommunications8.6%
    Retail8.3%
    Insurance7.9%
  • UK Fixed Interest38.1%
    European Fixed Interest31.5%
    North American Fixed Interest19.8%
    Global Emerging Market Fixed Interest4.4%
    Asia Pacific Fixed Interest3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-4%6.3%11%51.8%
Sector-0.5%-0.7%4.5%7.3%14.6%48.1%
Rank within sector36 / 5715 / 5733 / 5732 / 5634 / 4916 / 46
Quartile3rd2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.3%-0.2%2.1%9%25%
Sector9.3%-0.1%4.4%6.8%19.3%
Rank within sector31 / 5626 / 5436 / 499 / 493 / 46
Quartile3rd2nd3rd1st1st
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.
-1.65
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.
1.14
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.
0.01
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%.
5.52
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.
2.59
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.
-0.41
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.
0.79
Price movement
52 week high155.6
52 week low135.1
Current bid price154.5
Current offer price162.7
Current mid price-
Region
1UK38.11%
2Europe31.54%
3North America19.83%
4Global Emerging Markets4.38%
5Asia3.43%
6Money Market1.5%
7Others1.21%
Industry sector
1Capital Goods11.9%
2Financial Services11.4%
3Telecommunications8.6%
4Retail8.3%
5Insurance7.9%
6Services7.1%
7Media6.5%
8Basic Industries6%
9Others5.8%
Asset type
1UK Fixed Interest38.11%
2European Fixed Interest31.54%
3North American Fixed Interest19.83%
4Global Emerging Market Fixed Interest4.38%
5Asia Pacific Fixed Interest3.43%
6Money Market1.5%
7Global Fixed Interest1.21%
Individual holdings
1ARDAGH PACKAGING FINANCE 4.25% BDS 15/01/22 EUR100000144A3.3%
2INMARSAT FINANCE 4.875% NTS 15/05/22 USD1000 144A2.5%
3INTERNATIONAL PERSONAL FINANCE PLC 5.75% SNR UNSC UNSB NTS 7/4/21 EUR1000002.5%
4UPCB FINANCE IV LTD 4% NTS 15/01/27 EUR100000144A2.4%
5VONOVIA 4.625% 2019/742.4%
6CREDIT ACCEPTANCE CORP 6.125% BDS 15/02/21 USD1000144A2.3%
7ZIGGO FINANCE BV 3.75% BDS 15/01/25 EUR100000144A2.3%
8IMS HEALTH INC 3.5% BDS 15/10/24 EUR1000002.2%
9SEALED AIR CORP 4.5% BDS 15/09/23 EUR1000002.2%
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 Baillie Gifford High Yield Bond Fund. That fund aims to produce a high level of return by investing in a diversified portfolio consisting primarily of sub-investment grade bonds. Currency forwards and derivatives may be used from time to time in keeping with the fund’s objective with the intention of either protecting or enhancing the return on the fund. No more than 10% in value of the property of the fund will be invested in units of other collective investment schemes. More than 35% in value of the property of the fund may be invested in Government and Public securities.
Benchmark
  • Merrill Lynch European Currencies High Yield Constrained Index
Investment style
High Yield
Investment method
No data available.
Fund managers
NameSinceBiography
Robert Baltzer30/05/2010Robert graduated with a MMath from Durham University in 2001. He joined Baillie Gifford in the same year and is now an Investment Manager in the Credit Team. Robert is a CFA charter holder.
Donald Phillips30/05/2010Donald graduated BA (Hons) from Strathclyde University in 2004 and an MSc in Investment Analysis from Stirling University in 2005. He worked for Aegon Asset Management in their Fixed Income Team for three years before joining Baillie Gifford in 2008. Donald is an Investment Manager in the Credit Team and is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru Baillie Gifford High Yield Bond Pn Ser A
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.45%
Bid price154.5
Offer price162.7
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI2X6
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.