Fact sheet: Pru M&G UK Inc Dist Pn

Fund information
Fund name
Pru M&G UK Income Distribution Pn Acc (ex M&G)
Fund manager company
Prudential Assurance Company
Fund type
Pension Fund
Fund manager
  • Richard Hughessince 30/04/2002
Underlying fund
M&G UK Inc Dist
Fund objective
The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund. The Fund aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth. At least 70% of the Fund will be invested in UK equities. The Fund focuses on good-quality but undervalued stocks that offer a higher income than the FTSE All-Share Index by identifying those companies that exhibit the following qualities: strong business operations, good cash flows and attractive dividend growth prospects. The Fund may also invest in sterling-denominated fixed income securities. Cash and near cash may be held for ancillary purposes and derivatives may be used for efficient portfolio management and hedging purposes.
Benchmark
  • Composite
Investment style
Aggressive
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
17.9%
1 Year rank in sector
648/869
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£11m (£11m 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.
70
Bid price
1566.1
Offer price
1644.5
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn39.2%
Scot Eq Sequel Adven Jrny Pn34.8%
FL My Ftr Advantage Gth Pn34.6%
Scot Eq Sequel Adventurous Pn34.5%
FL My Ftr Adv Gth XE/IE Pn34%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK92.2%
    USA2.5%
    Germany1.9%
    International1.1%
    France0.7%
  • Fixed Interest20%
    Financials17.5%
    Consumer Goods11.9%
    Oil & Gas8.1%
    Consumer Services7.2%
  • International Equities73.2%
    Global Fixed Interest26.8%
    Money Market0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.2%5.4%3.7%17.9%21.6%56.8%
Sector2%5.3%5%19.9%26%48%
Rank within sector31 / 922540 / 911718 / 910648 / 869575 / 705129 / 609
Quartile1st3rd4th3rd4th1st
Calendar performance
 YTD - 20172016201520142013
Fund2.4%12.1%2%6.5%17%
Sector2.4%14.3%2.2%5.7%13.1%
Rank within sector544 / 911626 / 800405 / 753169 / 694113 / 663
Quartile3rd4th3rd1st1st
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.
0.21
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.
0.88
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.
0.5
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%.
7.36
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.
4.04
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.
-0.2
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.
0.71
Price movement
52 week high1564.3
52 week low1313.7
Current bid price1566.1
Current offer price1644.5
Current mid price-
Region
1UK92.18%
2USA2.52%
3Germany1.86%
4International1.11%
5France0.7%
6Canada0.51%
7Spain0.3%
8Netherlands0.26%
9Belgium0.25%
Industry sector
1Fixed Interest19.96%
2Financials17.54%
3Consumer Goods11.92%
4Oil & Gas8.05%
5Consumer Services7.19%
6Utilities7.13%
7Preference Shares6.81%
8Industrials6.61%
9Health Care5.65%
Asset type
1International Equities73.23%
2Global Fixed Interest26.77%
3Money Market-
Individual holdings
1BRITISH AMERICAN TOBACCO7.22%
2BP4.14%
3ROYAL DUTCH SHELL3.91%
4LLOYDS BANKING GROUP PLC3.78%
5HSBC HLDGS3.19%
6GENERAL ACCIDENT3.06%
7ASTRAZENECA PLC2.83%
8GLAXOSMITHKLINE2.81%
9VODAFONE GROUP2.51%
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 UK Income Distribution Fund. The Fund aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth. At least 70% of the Fund will be invested in UK equities. The Fund focuses on good-quality but undervalued stocks that offer a higher income than the FTSE All-Share Index by identifying those companies that exhibit the following qualities: strong business operations, good cash flows and attractive dividend growth prospects. The Fund may also invest in sterling-denominated fixed income securities. Cash and near cash may be held for ancillary purposes and derivatives may be used for efficient portfolio management and hedging purposes.
Benchmark
  • Composite
Investment style
Aggressive
Investment method
Equity, Fixed Interest
Fund manager
NameSinceBiography
Richard Hughes30/04/2002Richard Hughes joined M&G in 1986. He is a UK equity income fund manager with responsibility for the management of Charifund, the M&G Extra Income Fund and the M&G High Income Investment Trust. Richard previously worked for Derbyshire County Council where he was manager of its pension fund. He graduated from Sheffield University with an honours degree in accounting and economics. He is an associate of CFA UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru M&G UK Income Distribution 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 price1566.1
Offer price1644.5
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMA53
Pru M&G UK Income Distribution 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 price322
Offer price338.2
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMA52
Data provided by

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