Fact sheet: Pru M&G Index Linked Bond Pn

Fund information
Fund name
Pru M&G Index Linked Bond Pn Ser A
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund managers
  • Jim Leavisssince 01/03/2010
  • Ben Lordsince 05/07/2015
Underlying fund
M&G Index-Linked Bond
Fund objective
The investment strategy of the fund is to purchase units in the M&G Index-Linked Bond Fund. That Fund aims to secure the value of capital and income from the effects of inflation over a rolling five year period or longer with a total return consistent with investment in Index-Linked bonds. There is no guarantee that the Fund will achieve its objective over this, or any other, period.
Benchmark
  • IA UK Index Linked Gilts Sector Average
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
22%
1 Year rank in sector
81/147
Sector
PN UK Index - Linked Gilts
Yield
-
Fund size
£1m (£1m 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
1432.9
Offer price
1508.4
Top in this sector
Fund name1 Year
SSgA Uk Idx Lkd Gilt Mar 2062 Pn37%
SSgA UK Idx Lkd Gilt Nov2055 Pn28.5%
SSgA UK Idx Lkd Glt Mar 2050 Pn27.6%
L&G Ovr 15Yr IdxLkd GltsIdx Pn27.1%
SSgA MPF Ovr 15Y IL Gilt Pn27.1%
...more in PN UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

  • UK95.9%
    USA3%
    Japan0.6%
    Money Market0.5%
  • Government Bonds97.5%
    Automotive0.6%
    Asset/Mortgage-Backed Securities0.6%
    Money Market0.5%
    Government Guaranteed0.5%
  • UK Index-Linked Gilts94.5%
    Global Index Linked3.6%
    UK Corporate Fixed Interest1.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.9%-2.8%6.2%22%45.3%45%
Sector1.8%-4.3%4.5%20.8%44.7%44.6%
Rank within sector23 / 15125 / 15125 / 15081 / 14787 / 13775 / 121
Quartile1st1st1st3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0%24.3%-1%18.2%-0.1%
Sector-0.2%23.8%-1.5%18.7%0.1%
Rank within sector54 / 15284 / 14732 / 14094 / 13773 / 129
Quartile2nd3rd1st3rd3rd
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.
0.02
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.
1.01
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.
0.84
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%.
11.58
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.
1.68
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.
0.08
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 high1515
52 week low1173.9
Current bid price1432.9
Current offer price1508.4
Current mid price-
Region
1UK95.93%
2USA3.01%
3Japan0.6%
4Money Market0.47%
Industry sector
1Government Bonds97.46%
2Automotive0.6%
3Asset/Mortgage-Backed Securities0.55%
4Money Market0.47%
5Government Guaranteed0.45%
6Utilities0.33%
7Cyclical Consumer Goods0.15%
Asset type
1UK Index-Linked Gilts94.45%
2Global Index Linked3.6%
3UK Corporate Fixed Interest1.47%
4Money Market0.47%
Individual holdings
1TREASURY 0.125% IDX LKD GILT 22/11/65 GBP0.111.91%
2TREASURY 0.125% IDX LKD GILT 22/11/36 GBP0.0110.77%
3TREASURY 1.125% IDX GILT 22/11/37 GBP9.37%
4TREASURY 0.5% IDX LKD GILT 22/3/50 GBP0.016.79%
5TREASURY 1.25% IDX-LKD GILT 22/11/27 GBP0.016.7%
6TREASURY 4.125%IDX-LINKED GILT 22/07/30 GBP0.015.78%
7TREASURY 0.125% IDX LKD GILT 22/03/29 GBP0.015.41%
8TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.015.12%
9TREASURY 2 1/2% IDX-LINKED GILT 20204.86%
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 Index-Linked Bond Fund. That Fund aims to secure the value of capital and income from the effects of inflation over a rolling five year period or longer with a total return consistent with investment in Index-Linked bonds. There is no guarantee that the Fund will achieve its objective over this, or any other, period.
Benchmark
  • IA UK Index Linked Gilts Sector Average
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Jim Leaviss01/03/2010Jim 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.
Ben Lord05/07/2015Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru M&G Index Linked Bond 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 price1432.9
Offer price1508.4
Mid price-
CurrencyGBX
Price updated12/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE783
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