Fact sheet: Pru M&G Glt&FxItIc Pn

Fund information
Fund name
Pru M&G Gilt & Fixed Interest Income Pn Ser A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Matthew Russellsince 01/07/2015
  • Jim Leavisssince 01/04/1998
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
7.9%
1 Year rank in sector
78/177
Sector
PN UK Gilts
Yield
-
Fund size
£15m (£16m 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
169.7
Offer price
178.6
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn27.5%
Baillie Gifford Active Lg Gi+ Pn16.8%
AEGON UK Long Gilt Pn16%
AXA Wealth Teams Act UK Lg Glts Pn15.9%
Stan Life VanUK Long DurGtIdx Pn15.8%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

  • UK90.7%
    International2.7%
    USA2.5%
    Germany2.1%
    Finland1.1%
  • Government Bonds89.2%
    Government Agency Bonds7.3%
    Services2.1%
    Money Market0.8%
    Asset/Mortgage-Backed Securities0.6%
  • UK Gilts96.6%
    UK Equities2.1%
    Money Market0.8%
    UK Fixed Interest0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%4.1%1.4%7.9%20.8%21.2%
Sector0.8%4.2%1%8.3%22.3%24.8%
Rank within sector141 / 18278 / 18071 / 18078 / 17790 / 17291 / 161
Quartile4th2nd2nd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.4%9.3%-0.1%11.5%-4%
Sector1.4%9.9%-0.3%13.3%-4.8%
Rank within sector95 / 18078 / 17786 / 175104 / 17028 / 166
Quartile3rd2nd2nd3rd1st
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.
-0.39
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.
0.43
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%.
7.59
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.
0.94
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.
-0.39
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 high178.4
52 week low157.3
Current bid price169.7
Current offer price178.6
Current mid price-
Region
1UK90.73%
2International2.72%
3USA2.55%
4Germany2.1%
5Finland1.12%
6Money Market0.78%
Industry sector
1Government Bonds89.21%
2Government Agency Bonds7.35%
3Services2.1%
4Money Market0.78%
5Asset/Mortgage-Backed Securities0.56%
Asset type
1UK Gilts96.56%
2UK Equities2.1%
3Money Market0.78%
4UK Fixed Interest0.56%
Individual holdings
1TREASURY 4.5% GILT 7/9/2034 GBP0.0115.9%
2TREASURY 1.5% GILT 22/07/26 GBP0.0110.34%
3TREASURY 4.75% GILT 20207.65%
4TREASURY 2.75% GILT 07/09/24 GBP0.017.51%
5TREASURY 1.5% GILT 22/07/47 GBP17.06%
6TREASURY 2.5% GILT 22/07/65 GBP0.16.25%
7TREASURY 4.25% GILT 7/9/39 GBP0.016.2%
8TREASURY 1% GILT 07/09/17 GBP0.014.91%
9TREASURY 4.25% GILT 07/06/2032 GBP0.014.03%
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
Matthew Russell01/07/2015Matthew 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.
Jim Leaviss01/04/1998Jim 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru M&G Gilt & Fixed Interest Income 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)1.02%
Bid price2752
Offer price2889.7
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG73
Pru M&G Gilt & Fixed Interest Income 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)1.02%
Bid price561.8
Offer price590
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMA21
Pru M&G Gilt & Fixed Interest Income 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 price182.3
Offer price191.9
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXD58
Pru M&G Gilt & Fixed Interest Income 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 price169.7
Offer price178.6
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeP746
Data provided by

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