Fact sheet: Pru M&G Gl Hi Yd Bd Pn

Fund information
Fund name
Pru M&G Global High Yield Bond Pn Ser A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund manager
  • Stefan Isaacssince 30/09/2010
Underlying fund
M&G Gbl Hi Yield Bd
Fund objective
The investment strategy of the fund is to purchase units in the M&G High Yield Corporate Bond Fund. That fund aims to maximise total return (the combination of income and growth of capital) while generating a high level of income. The fund invests predominantly in higher yielding corporate debt instruments which may be denominated in sterling, European currencies and other major global currencies, should the investment managers deem them to be appropriate investments.
Benchmark
  • IA Sterling High Yield Sector Average
Investment style
High Yield
Investment method
None, Fixed Interest
Quick stats
1 Year return
16%
1 Year rank in sector
17/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£7m (£7m 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.
43
Bid price
186.4
Offer price
196.2
Top in this sector
Fund name1 Year
Aviva JPM Gbl HighYldBd Pn23.4%
L&G High Income Pn23.1%
SIP JPM Gbl Hi Yd Bd Pn22.6%
OMW JPM Global High Yield21.6%
Royal London JPM Gbl Hi Yield Bd Pn21.2%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA43.4%
    UK17.4%
    Money Market6%
    Germany4.2%
    Luxembourg3.8%
  • Banks14.4%
    Media11.7%
    Energy9.3%
    Health Care8.9%
    Telecommunications8.2%
  • US Corporate Fixed Interest42.6%
    UK Corporate Fixed Interest11.7%
    UK Gilts6.4%
    Money Market6%
    German Corporate Fixed Interest4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.6%3.7%16%13.5%43.1%
Sector0.9%1.2%4%14.7%15.7%44.5%
Rank within sector53 / 5823 / 5733 / 5717 / 5625 / 4924 / 46
Quartile4th2nd3rd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.1%12.4%-1.4%2%8.7%
Sector0.6%11.2%-0.1%4.4%6.8%
Rank within sector53 / 5814 / 5637 / 5438 / 4915 / 49
Quartile4th1st3rd4th2nd
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.
-1.9
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.
1.22
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.
0.12
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%.
5.74
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.
2.28
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.
-0.38
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 high187.8
52 week low157.7
Current bid price186.4
Current offer price196.2
Current mid price-
Region
1USA43.38%
2UK17.43%
3Money Market6.02%
4Germany4.17%
5Luxembourg3.83%
6Spain3.2%
7France3.18%
8Italy3.09%
9Canada2.44%
Industry sector
1Banks14.39%
2Media11.74%
3Energy9.29%
4Health Care8.88%
5Telecommunications8.16%
6Capital Goods6.43%
7Government Bonds6.43%
8Basic Industries6.24%
9Money Market6.02%
Asset type
1US Corporate Fixed Interest42.65%
2UK Corporate Fixed Interest11.69%
3UK Gilts6.43%
4Money Market6.02%
5German Corporate Fixed Interest4.17%
6Luxembourg Corporate Fixed Interest3.83%
7French Corporate Fixed Interest3.18%
8Italian Corporate Fixed Interest3.09%
9Spanish Corporate Fixed Interest2.76%
Individual holdings
1TREASURY 1.25% GILT 22/7/18 GBP0.014.58%
2TREASURY 1.75% GILT 22/07/19 GBP0.011.84%
3WILLIAM HILL PLC 4.875% BDS 07/09/23 GBP1000001.19%
4MATTERHORN TELECOM SA 3.875% BDS 01/05/22 EUR1000001.09%
5VTR FINANCE BV 6.875% BDS 15/01/24 USD2000000.98%
6JPMORGAN CHASE & CO DEP SHS REPR 1/10 7.9%NON CUM PFD I0.97%
7NUMERICABLE SFR 5.625% BDS 15/05/24 EUR100000 REG S0.97%
8SPRINT CORP 7.875% BDS 15/09/23 USD20000.97%
9MPLX LP 4.5% BDS 15/07/23 USD20000.88%
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 High Yield Corporate Bond Fund. That fund aims to maximise total return (the combination of income and growth of capital) while generating a high level of income. The fund invests predominantly in higher yielding corporate debt instruments which may be denominated in sterling, European currencies and other major global currencies, should the investment managers deem them to be appropriate investments.
Benchmark
  • IA Sterling High Yield Sector Average
Investment style
High Yield
Investment method
None, Fixed Interest
Fund manager
NameSinceBiography
Stefan Isaacs30/09/2010Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru M&G Global High Yield Bond Pn Acc (ex M&G)
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price308.1
Offer price323.6
Mid price-
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePK24
Pru M&G Global High Yield Bond Pn Cap (ex M&G)
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price63.5
Offer price66.8
Mid price-
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDT9
Pru M&G Global High Yield Bond Pn Pre A
Initial charge-
Annual charge1.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.13%
Bid price200.2
Offer price210.7
Mid price-
CurrencyGBX
Price updated23/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXD57
Pru M&G Global High Yield Bond Pn Ser A
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.25%
Bid price186.4
Offer price196.2
Mid price-
CurrencyGBX
Price updated23/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeP745
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