Fact sheet: Pru UK Income Pn

Fund information
Fund name
Pru UK Income 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 Extra Income
Fund objective
The investment strategy of the fund is to purchase units in the M&G Extra Income Fund. That fund aims to achieve a high income stream which also increases over time, by investing mainly in a range of UK equities. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term.
Benchmark
  • Composite
Investment style
Aggressive
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
9%
1 Year rank in sector
617/795
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
1487.3
Offer price
1561.8
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn23.5%
Scot Eq Sequel Adventurous Pn21.4%
Scot Eq Sequel Adven Jrny Pn21.4%
Scot Eq Ext Bal Coll (ex MLC) Pn20.5%
Scot Eq Caerus Pfl DRP 4 Pn20.3%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK91.8%
    USA2.8%
    Germany1.7%
    International1.1%
    France0.7%
  • Fixed Interest20.4%
    Financials15.9%
    Consumer Goods11.8%
    Oil & Gas7.9%
    Utilities7.6%
  • UK Equities71.2%
    UK Corporate Fixed Interest9.2%
    Preference Shares6.9%
    US Corporate Fixed Interest2.7%
    German Corporate Fixed Interest1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-1.4%5.8%9%21.4%57.9%
Sector-0.1%-0.6%8.2%11%21.8%47.9%
Rank within sector76 / 913702 / 912742 / 894617 / 795371 / 692108 / 595
Quartile1st4th4th4th3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund9%2%6.5%17%13.7%
Sector10.7%2.2%5.7%13.1%9.9%
Rank within sector592 / 800404 / 753169 / 692112 / 66130 / 596
Quartile3rd3rd1st1st1st
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.
0.82
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.
0.86
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.
0.39
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%.
7.32
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.
4.12
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.
-0.02
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.
0.7
Price movement
52 week high1546.8
52 week low1279.1
Current bid price1487.3
Current offer price1561.8
Current mid price-
Region
1UK91.76%
2USA2.82%
3Germany1.72%
4International1.13%
5France0.75%
6Denmark0.4%
7Spain0.31%
8Canada0.28%
9Netherlands0.28%
Industry sector
1Fixed Interest20.43%
2Financials15.91%
3Consumer Goods11.84%
4Oil & Gas7.93%
5Utilities7.6%
6Consumer Services7.55%
7Preference Shares6.87%
8Industrials6.34%
9Health Care6.18%
Asset type
1UK Equities71.2%
2UK Corporate Fixed Interest9.21%
3Preference Shares6.87%
4US Corporate Fixed Interest2.75%
5German Corporate Fixed Interest1.72%
6UK Gilts1.65%
7Others1.5%
8UK Index-Linked Gilts1.39%
9Global Corporate Fixed Interest1.13%
Individual holdings
1BRITISH AMERICAN TOBACCO7.03%
2BP4.23%
3ROYAL DUTCH SHELL3.7%
4ASTRAZENECA PLC3.15%
5GENERAL ACCIDENT3.09%
6GLAXOSMITHKLINE3.03%
7VODAFONE GROUP2.95%
8HSBC HLDGS2.94%
9LLOYDS BANKING GROUP PLC2.91%
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 Extra Income Fund. That fund aims to achieve a high income stream which also increases over time, by investing mainly in a range of UK equities. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term.
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 UK 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 price1487.3
Offer price1561.8
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMA53
Pru UK 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 price308.5
Offer price324.1
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMA52
Data provided by

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