Fact sheet: Pru Kames High Yield Bd Pn

Fund information
Fund name
Pru Kames High Yield Bond Pn Ser A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Philip Milburnsince 19/10/2008
  • David Robertssince 31/05/2016
Underlying fund
Kames High Yield Bond
Fund objective
The investment strategy of the fund is to purchase units in the Kames High Yield Bond Fund. That fund aims to maximise total return (income plus capital) by investing in a portfolio of predominantly high yield bonds, selected investment grade bonds and cash. The fund may also hold sterling and other currency denominated bonds hedged back to sterling. It may also invest in deposits, money market instruments, derivative instruments and forward transactions.
Benchmark
  • IA Sterling High Yield Sector Average
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
11.2%
1 Year rank in sector
40/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£2m (£2m 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
224.5
Offer price
236.3
Top in this sector
Fund name1 Year
L&G High Income Pn20.8%
OMW IPLPimUsHiYiBdPn18.3%
Aviva JPM Gbl HighYldBd Pn18.2%
SIP JPM Gbl Hi Yd Bd Pn17.7%
FL AXA Gbl High Inc EP16.8%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA52.4%
    Money Market10.6%
    UK7.7%
    Netherlands4.9%
    France4.5%
  • Industrials66.1%
    Financials16.3%
    Money Market10.6%
    Utilities3.7%
    Asset/Mortgage-Backed Securities3.3%
  • US Fixed Interest52.4%
    UK Fixed Interest11.2%
    Money Market10.6%
    Dutch Fixed Interest4.9%
    French Fixed Interest4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%1.4%3%11.2%11.3%39.1%
Sector1.5%1.8%4.6%12.9%16.1%46.2%
Rank within sector31 / 5851 / 5754 / 5740 / 5642 / 4936 / 46
Quartile3rd4th4th3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.8%8.2%-1.3%4.5%6.1%
Sector0.7%11.2%-0.1%4.4%6.8%
Rank within sector33 / 5847 / 5636 / 5414 / 4940 / 49
Quartile3rd4th3rd2nd4th
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.
-1.83
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.
1.11
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.
0.04
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%.
5.23
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.
1.95
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.
-0.67
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.
0.87
Price movement
52 week high224.6
52 week low196.3
Current bid price224.5
Current offer price236.3
Current mid price-
Region
1USA52.36%
2Money Market10.64%
3UK7.7%
4Netherlands4.91%
5France4.48%
6Jersey3.45%
7Switzerland3.17%
8Luxembourg2.92%
9Germany2.59%
Industry sector
1Industrials66.1%
2Financials16.3%
3Money Market10.6%
4Utilities3.7%
5Asset/Mortgage-Backed Securities3.3%
Asset type
1US Fixed Interest52.36%
2UK Fixed Interest11.15%
3Money Market10.58%
4Dutch Fixed Interest4.91%
5French Fixed Interest4.48%
6Swiss Fixed Interest3.17%
7Luxembourg Fixed Interest2.92%
8German Fixed Interest2.59%
9Irish Fixed Interest2.42%
Individual holdings
1NUMERICABLE SFR BDS 01/05/26 USD200000 144A1.96%
2CPUK FINANCE LTD 7% BDS 28/08/20 GBP1000001.92%
3FRONTIER COMMUNICATIONS CORP 10.5% NTS 15/09/22 USD10001.9%
4CITIGROUP INC UNDATED BDS USD10001.65%
5ACCESS MIDSTREAM PARTNERS LP 5.875% BDS 15/03/24 USD20001.64%
6CABLEVISION SYSTEMS CORP 5.875% BDS 15/09/22 USD10001.62%
7AA BOND CO LTD(JE) 5.5% BDS 31/07/43 GBP100000 REG S1.53%
8SERVICE CORP INTL 4.5% BDS 15/11/20 USD10001.53%
9VIRGIN MEDIA RECEIVABLES FIN NOTES 5.5% BDS 15/09/24 GBP1000001.46%
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 Kames High Yield Bond Fund. That fund aims to maximise total return (income plus capital) by investing in a portfolio of predominantly high yield bonds, selected investment grade bonds and cash. The fund may also hold sterling and other currency denominated bonds hedged back to sterling. It may also invest in deposits, money market instruments, derivative instruments and forward transactions.
Benchmark
  • IA Sterling High Yield Sector Average
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Philip Milburn19/10/2008Philip is an investment manager in the fixed income team. He joined us in 1997 straight from university. Philip studied Economics at the University of Edinburgh.
David Roberts31/05/2016David is Joint Head of Fixed Income and is jointly responsible for managing the fixed income team. He joined us in 2004 from Britannic Asset Management where he was Head of Credit. David studied Economics and Industrial Relations at the University of Strathclyde and has an MSc in Investment Analysis.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru Kames 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 price224.5
Offer price236.3
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD9K1
Data provided by

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