Fact sheet: Pru M&G Dividend Pn

Fund information
Fund name
Pru M&G Dividend Pn Ser A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Phil Cliffsince 30/06/2013
Underlying fund
M&G Dividend
Fund objective
The investment strategy of the fund is to purchase units in the M&G Dividend Fund. That fund invests mainly in a range of UK equities with the aim of achieving a steadily increasing income stream. The fund will target a yield higher than that of the FTSE All-Share Index. Subject to this, the aim will be to maximise total return (the combination of income and growth of capital).
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1.2%
1 Year rank in sector
197/225
Sector
PN UK Equity Income
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.
87
Bid price
198.1
Offer price
208.5
Top in this sector
Fund name1 Year
OMW IPLM&GGlLePn25.1%
OMW UBS UK Equity Income24.8%
FL Income Accumulation Pn20.1%
L&G Schroder Income Pn16.5%
Scot Eq Schroder Income Pn16%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK84.2%
    Luxembourg4.4%
    USA3.1%
    Sweden3%
    Finland2.8%
  • Financials22.7%
    Consumer Services18.6%
    Consumer Goods14.8%
    Industrials13.6%
    Health Care11.6%
  • UK Equities84.2%
    Luxembourg Equities4.4%
    US Equities3.1%
    Swedish Equities3%
    Finnish Equities2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%-3%3.8%1.2%14.4%54.6%
Sector-1.8%-0.9%6.6%6.3%17.1%62.2%
Rank within sector209 / 229185 / 229165 / 229197 / 225149 / 205159 / 189
Quartile4th4th3rd4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund3.3%8%1%18.1%16.2%
Sector6.9%3.9%3.7%23.2%13.2%
Rank within sector163 / 22543 / 220183 / 205184 / 19759 / 192
Quartile3rd1st4th4th2nd
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.
-0.35
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.
1.06
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.
0.23
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%.
10.09
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.
3.55
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.
-0.03
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 high213
52 week low171.5
Current bid price198.1
Current offer price208.5
Current mid price-
Region
1UK84.2%
2Luxembourg4.37%
3USA3.14%
4Sweden2.98%
5Finland2.82%
6Switzerland1.69%
7Netherlands1.04%
8Norway0.65%
9Germany0.59%
Industry sector
1Financials22.71%
2Consumer Services18.62%
3Consumer Goods14.84%
4Industrials13.55%
5Health Care11.63%
6Oil & Gas9.14%
7Technology3.13%
8Telecommunications2.8%
9Utilities2.31%
Asset type
1UK Equities84.2%
2Luxembourg Equities4.37%
3US Equities3.14%
4Swedish Equities2.98%
5Finnish Equities2.82%
6Swiss Equities1.69%
7Dutch Equities1.04%
8Norwegian Equities0.65%
9German Equities0.59%
Individual holdings
1BP6.31%
2BRITISH AMERICAN TOBACCO6.2%
3GLAXOSMITHKLINE5.79%
4IMPERIAL BRANDS PLC4.54%
5SES AS TLMACE4.37%
6RELX NV4.08%
7SMITH(DS)3.42%
8ESSENTRA PLC3.4%
9MICRO FOCUS INTERNATIONAL3.13%
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 Dividend Fund. That fund invests mainly in a range of UK equities with the aim of achieving a steadily increasing income stream. The fund will target a yield higher than that of the FTSE All-Share Index. Subject to this, the aim will be to maximise total return (the combination of income and growth of capital).
Benchmark
  • FTSE All Share
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Phil Cliff30/06/2013Phil Cliff joined M&G in January 2012 and was appointed fund manager of the M&G Pan European Dividend Fund in April 2012. He also became fund manager of the M&G Dividend Fund in July 2013.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru M&G Dividend 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)0.88%
Bid price210.9
Offer price222
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXD63
Pru M&G Dividend 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 price198.1
Offer price208.5
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeP751
Data provided by

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