Fact sheet: Pru FRIA Inv Perp MlyInc+ Pn

Fund information
Fund name
Pru FRIA Invesco Perpetual Monthly Income Plus Pn
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Paul Causersince 12/07/2009
  • Ciaran Mallonsince 14/10/2013
  • Paul Readsince 12/07/2009
Underlying fund
Invesco Perp Mthly Inc Plus
Fund objective
The investment strategy of the fund is to purchase units in the Invesco Perpetual Monthly Income Plus Fund. That fund aims to achieve a high level of income together with capital growth over the medium to long term.
Benchmark
  • IA £ Strategic Bond
Investment style
No data available.
Investment method
Fixed Interest, Money Market, Equity
Quick stats
1 Year return
11.4%
1 Year rank in sector
68/167
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£5m (£5m 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.
27
Offer price
196.4
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc16.2%
AXA Wealth AXA Fram Mgd Inc Pn16.1%
Canlife AXA Fram Mgd Inc Pn15.9%
L&G Artemis High Income Pn15%
LV= Artemis High Income Pn14.8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK55.8%
    USA15%
    France6%
    Italy5.8%
    Others5.4%
  • Banks29.6%
    Government Bonds16%
    Insurance6.7%
    Utilities5.3%
    Financials5%
  • UK Equities31.1%
    UK Fixed Interest29.6%
    US Fixed Interest7.5%
    Italian Fixed Interest6.3%
    French Fixed Interest6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%3.4%3%11.4%12.5%42.9%
Sector0.8%2.5%1.2%10%13.2%35.3%
Rank within sector41 / 17343 / 17234 / 17168 / 16795 / 15646 / 143
Quartile1st1st1st2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.7%6%1.1%4.9%10.5%
Sector1.2%6.7%0.7%5.6%5.9%
Rank within sector40 / 172103 / 16774 / 16291 / 15521 / 151
Quartile1st3rd2nd3rd1st
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.
-0.76
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.
0.11
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%.
4.09
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.
1.8
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.
-0.11
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.
0.82
Price movement
52 week high196.3
52 week low175.9
Current bid price-
Current offer price196.4
Current mid price-
Region
1UK55.79%
2USA14.97%
3France6%
4Italy5.83%
5Others5.41%
6Spain2.9%
7Germany2.65%
8Greece2.54%
9Netherlands2.21%
Industry sector
1Banks29.57%
2Government Bonds16.02%
3Insurance6.65%
4Utilities5.31%
5Financials4.99%
6Telecommunications4.89%
7Foods4.41%
8Industrials3.69%
9Media3.28%
Asset type
1UK Equities31.1%
2UK Fixed Interest29.57%
3US Fixed Interest7.52%
4Italian Fixed Interest6.3%
5French Fixed Interest6.25%
6Global Fixed Interest3.73%
7German Fixed Interest2.46%
8Dutch Fixed Interest2.31%
9Money Market1.95%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.014.13%
2United States Treasury Note/Bond2.47%
3LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000001.84%
4UNITED STATES OF AMER TREAS NOTES 0% NTS 15/05/17 USD10001.73%
5BARCLAYS BANK PLC 14% STEP-UP CALL PERP RCI GBP500001.59%
6UNITED STATES OF AMER TREAS NOTES 1% BDS 30/11/18 USD1001.23%
7UNITED STATES TREAS T-BILL JUN 15 171.23%
8UNITED STATES OF AMER TREAS NOTES 2.25% BDS 15/11/25 USD1001.22%
9UNITED STATES OF AMER TREAS BONDS 2% BDS 15/08/25 USD1001.19%
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 Invesco Perpetual Monthly Income Plus Fund. That fund aims to achieve a high level of income together with capital growth over the medium to long term.
Benchmark
  • IA £ Strategic Bond
Investment style
No data available.
Investment method
Fixed Interest, Money Market, Equity
Fund managers
NameSinceBiography
Paul Causer12/07/2009Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Ciaran Mallon14/10/2013Ciaran has worked in equity markets since 1994. After completing his Chemistry degree at Oxford University he joined HSBC Private Clients where he worked as an Investment Analyst. He joined United Friendly Asset Management (UFAM) in 1999 where he worked as a Fund Manager. UFAM was acquired by Royal London Asset Management (RLAM) in 2000. Ciaran left RLAM in 2004 and joined Invesco Perpetual in January 2005.
Paul Read12/07/2009Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru FRIA Invesco Perpetual Monthly Income Plus Pn
Initial charge-
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.72%
Bid price-
Offer price196.4
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNK1
Data provided by

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