Fact sheet: Pru Fixed Interest Pn

Fund information
Fund name
Pru Fixed Interest Pn Pre A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Jim Leavisssince 31/03/1998
  • Matthew Russellsince 31/07/2015
Underlying fund
M&G Gilt & Fixed Int Inc
Fund objective
The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts over a rolling three to five year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period.
Benchmark
  • IA UK Gilt Sector Average
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7%
1 Year rank in sector
60/178
Sector
PN UK Gilts
Yield
-
Fund size
£74m (£74m 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.
49
Bid price
1750.5
Offer price
1842.6
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn19%
AXA Wealth Teams Act UK Lg Glts Pn14.5%
Baillie Gifford Active Lg Gi+ Pn13.5%
Zurich Long Dated Gilt Pn13.3%
AEGON UK Long Gilt Pn13.2%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

  • UK89.6%
    USA4.4%
    International2.6%
    Finland1.1%
    Germany1.1%
  • Government Bonds90.6%
    Government Guaranteed2.9%
    Fixed Interest2.6%
    Services2%
    Government Agency Bonds0.7%
  • UK Gilts85.2%
    UK Corporate Fixed Interest4.4%
    Global Index Linked4.4%
    Global Corporate Fixed Interest2.6%
    Finnish Government Fixed Interest1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-7%1.4%7%20.6%18.8%
Sector-2.2%-7.1%1.1%7%21.1%21.1%
Rank within sector81 / 17993 / 17845 / 17860 / 17859 / 17069 / 156
Quartile2nd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.8%0.3%11.9%-3.7%0.6%
Sector7.8%-0.3%13.3%-4.8%2.3%
Rank within sector56 / 17860 / 17584 / 17014 / 165143 / 156
Quartile2nd2nd2nd1st4th
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.
-0.04
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
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.
0.38
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%.
7.36
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.
1.02
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.
-0.06
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.
0.98
Price movement
52 week high1896.5
52 week low1622.7
Current bid price1750.5
Current offer price1842.6
Current mid price-
Region
1UK89.57%
2USA4.41%
3International2.6%
4Finland1.08%
5Germany1.05%
6Norway0.74%
7Money Market0.55%
Industry sector
1Government Bonds90.65%
2Government Guaranteed2.9%
3Fixed Interest2.6%
4Services2.01%
5Government Agency Bonds0.74%
6Asset/Mortgage-Backed Securities0.56%
7Money Market0.55%
Asset type
1UK Gilts85.16%
2UK Corporate Fixed Interest4.41%
3Global Index Linked4.41%
4Global Corporate Fixed Interest2.6%
5Finnish Government Fixed Interest1.08%
6German Corporate Fixed Interest1.05%
7Norwegian Government Fixed Interest0.74%
8Money Market0.55%
Individual holdings
1TREASURY 6% GILT 202813.56%
2TREASURY 4.5% GILT 7/9/2034 GBP0.0110.95%
3TREASURY 1.75% GILT 22/07/19 GBP0.019.12%
4TREASURY 5% GILT 20259.12%
5TREASURY 4.75% GILT 07/12/38 GBP6.61%
6TREASURY 4.25% GILT 7/12/466.37%
7TREASURY 1% GILT 07/09/17 GBP0.015.48%
8TREASURY 4.25% GILT 7/9/39 GBP0.015.47%
9TREASURY 3.25% GILT 22/01/44 GBP0.014.87%
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 M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts over a rolling three to five year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period.
Benchmark
  • IA UK Gilt Sector Average
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jim Leaviss31/03/1998Jim Leaviss is Head of Retail Fixed Interest for M&G’s mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. He is also deputy manager of the M&G Gilt & Fixed Interest Income Fund, the M&G Index-Linked Bond Fund and the M&G UK Inflation Linked Corporate Bond Fund.
Matthew Russell31/07/2015Matthew Russell joined M&G in 2007 and was appointed fund manager of the M&G Short Dated Corporate Bond Fund in September 2013, having served as deputy fund manager since 2011. He was also appointed fund manager of the M&G Gilt & Fixed Interest Income Fund in July 2015. Matthew joined M&G as a fund managers’ assistant covering the retail fixed interest fund range. He has a BSc in economics from the University of Birmingham and is also a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru Fixed Interest Pn Pre A
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price1750.5
Offer price1842.6
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSB07
Pru Fixed Interest Pn Pre A Init
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price215.7
Offer price227.1
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSB08
Pru Fixed Interest Pn Ser A
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price250.2
Offer price263.4
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSG79
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.