Fact sheet: Pru FRIA Artemis Income Pn

Fund information
Fund name
Pru FRIA Artemis Income Pn
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Adrian Frostsince 13/07/2009
  • Nick Shentonsince 01/07/2014
  • Adrian Gosdensince 13/07/2009
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
20.2%
1 Year rank in sector
135/221
Sector
PN UK Equity Income
Yield
-
Fund size
£8m (£8m 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.
83
Bid price
236.6
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income41.3%
OMW IPLM&GGlLePn34%
OMW IPLMaUkEqPn28.2%
L&G Aberdeen UK EqPn27.9%
ReAssure JOHCMJOHambroUKEqIncPPB Pn27.8%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK89.1%
    Germany2.8%
    Money Market2.4%
    Netherlands2.4%
    Sweden1.4%
  • Media9.3%
    Banks9.3%
    Life Insurance7.7%
    Financials7.4%
    Pharmaceuticals6.8%
  • UK Equities87%
    German Equities2.8%
    Money Market2.4%
    Dutch Equities2.4%
    Others2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%6.8%12.4%20.2%24.6%76.7%
Sector4%5.4%11.8%21.3%26.7%80%
Rank within sector129 / 22349 / 22394 / 223135 / 221138 / 197124 / 186
Quartile3rd1st2nd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund8.1%9.6%3.8%3.4%23.2%
Sector7.8%11.5%3.9%3.7%23.2%
Rank within sector108 / 223119 / 217147 / 212109 / 197111 / 189
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.
0.27
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.
0.92
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.
0.41
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%.
8.4
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.
2.49
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.
-0.12
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 high236.3
52 week low187.3
Current bid price236.6
Current offer price-
Current mid price-
Region
1UK89.06%
2Germany2.8%
3Money Market2.45%
4Netherlands2.37%
5Sweden1.38%
6France0.93%
7Spain0.68%
8Norway0.34%
Industry sector
1Media9.27%
2Banks9.25%
3Life Insurance7.73%
4Financials7.35%
5Pharmaceuticals6.78%
6Oil & Gas Exploration & Production6.2%
7Property Shares5.23%
8Tobacco5.12%
9Travel4.24%
Asset type
1UK Equities87.05%
2German Equities2.8%
3Money Market2.45%
4Dutch Equities2.37%
5Others2.01%
6Swedish Equities1.38%
7French Equities0.93%
8Spanish Equities0.68%
9Norwegian Equities0.34%
Individual holdings
1BP3.87%
2RELX PLC3.84%
33I GROUP PLC ORD3.72%
4GLAXOSMITHKLINE3.54%
5IMPERIAL BRANDS PLC3.48%
6LLOYDS BANKING GROUP PLC3.28%
7AVIVA3.21%
8INFORMA PLC3.06%
9BAYER AG2.8%
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
Adrian Frost13/07/2009Adrian manages the Artemis Income Fund, which he took over when he joined the firm in January 2002, and several institutional income mandates. After graduating from Jesus College, Cambridge, Adrian began his career at Deutsche Asset Management (Morgan Grenfell) in 1983. He was appointed a director there in 1990 and head of UK equities in 1996. Until July 2015, Adrian also managed the Artemis High Income Fund.
Nick Shenton01/07/2014Nick manages income mandates alongside Adrian Frost. After studying economics with French at the University of Nottingham, he started his career at F&C Asset Management in 2003. He spent four years there as an analyst and assistant fund manager on the UK and pan-European equities desks. In 2007 Nick moved to Polar Capital as a fund manager on the UK long/short equity hedge fund. He joined Artemis in 2012.
Adrian Gosden13/07/2009After 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 FRIA Artemis Income Pn
Initial charge-
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price236.6
Offer price-
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNI1
Data provided by

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