Fact sheet: Pru Long Dated Corp Bond Pn

Fund information
Fund name
Pru Long Dated Corporate Bond Pn S3
Fund manager company
Prudential Pensions Ltd
Fund type
Pension Fund
Fund managers
  • Mark Ellissince 29/06/2003
  • Jamie Hamiltonsince 30/06/2003
Underlying fund
M&G PP Long Dated Corporate Bond Pn
Fund objective
The investment strategy of the fund is to purchase units in the M&G PP Long-Dated Corporate Bond Fund. That fund invests mainly in high quality Sterling corporate bonds with over 15 years to maturity. The fund is actively managed against its benchmark, the iBoxx Sterling Over 15 Years Non-Gilts Index. The fund may also hold UK government gilts and limited amounts of high yield and hedged non-sterling corporate bonds. Derivative instruments may be used for efficient portfolio fund management.
Benchmark
  • Markit iBoxx Sterling Over 15 Years Non-Gilts Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11.8%
1 Year rank in sector
53/117
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£126m (£103m 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.
77
Bid price
271.5
Top in this sector
Fund name1 Year
Ignis Standard Lg Gilt Pn25.1%
Stan Life L&G Ov15Yr IL GltIdx Pn21.2%
OMW M&G PP Lg Dted Corp Bd Pn16%
Pru Sup Lg Idx Lkd Pn14.7%
M&G PP Super Long Index Linked Pn14.5%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%-12.3%4.6%11.8%35.1%60.6%
Sector-2.7%-10.8%5.5%11.9%36.4%44.5%
Rank within sector94 / 11766 / 11860 / 11853 / 11765 / 1055 / 92
Quartile4th3rd3rd2nd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund15.2%-0.8%19%0.3%14.1%
Sector13.9%0%21.3%-4.3%6.5%
Rank within sector25 / 11876 / 11067 / 1058 / 10013 / 92
Quartile1st3rd3rd1st1st
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.
0.55
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.
0.98
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.
0.67
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%.
11.68
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.
4.53
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.
0.05
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.
0.84
Price movement
52 week high313
52 week low231.9
Current bid price271.5
Current offer price-
Current mid price-
Region
1UK99.8%
2Money Market0.2%
Industry sector
1A37.5%
2BBB35.8%
3AA18.6%
4BBB-4.2%
5AAA3.7%
6Money Market0.2%
Asset type
1UK Corporate Fixed Interest99.8%
2Money Market0.2%
Individual holdings
No data available.
Management
Fund manager group
Prudential
Fund manager company
Prudential Pensions Ltd
Fund type
Pension Fund
Fund objective
The investment strategy of the fund is to purchase units in the M&G PP Long-Dated Corporate Bond Fund. That fund invests mainly in high quality Sterling corporate bonds with over 15 years to maturity. The fund is actively managed against its benchmark, the iBoxx Sterling Over 15 Years Non-Gilts Index. The fund may also hold UK government gilts and limited amounts of high yield and hedged non-sterling corporate bonds. Derivative instruments may be used for efficient portfolio fund management.
Benchmark
  • Markit iBoxx Sterling Over 15 Years Non-Gilts Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Ellis29/06/2003Mark joined M&G Investments in 2007 and works as a fund manager in the institutional portfolio management team. Prior to this he worked in fixed income for RAB Capital, Cambridge Place Investment Management and Deutsche Bank. Mark graduated from the University of Auckland, New Zealand with a Bachelor of Commerce and Bachelor of Property. Mark is a CFA charterholder and a chartered management accountant.
Jamie Hamilton30/06/2003Jamie Hamilton joined M&G in 2001 as a fund manager in the fixed income team managing a range of institutional corporate bond funds. Prior to joining M&G, Jamie worked for Dresdner RCM Global Investors as a fixed income fund manager, managing corporate bond funds. Jamie graduated from Newcastle University with a degree in economics and is a chartered financial analyst (CFA) charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru Long Dated Corporate Bond Pn S3
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price271.5
Offer price-
Mid price-
CurrencyGBX
Price updated30/11/2016
Type-
Institutional or retail classInstitutional
Domicile-
Citi codeP551
Pru Long Dated Corporate Bond Pn S3 Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price268.41
Offer price-
Mid price-
CurrencyGBX
Price updated30/11/2016
Type-
Institutional or retail classInstitutional
Domicile-
Citi codeM8MP
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