Fact sheet: Pru UK Property Pn

Fund information
Fund name
Pru UK Property Pn S1
Fund manager company
Prudential Pensions Ltd
Fund type
Pension Fund
Fund manager
  • Dermot Kiernansince 01/03/2009
Underlying fund
M&G PP UK Property Pn
Fund objective
The investment strategy of the fund is to buy units in the M&G PP UK Property Fund. That fund invests in the M&G UK Property Fund (“UKPF”), an open-ended Luxembourg FCP investing solely in UK property assets, including the retail, office, industrial and alternative sectors. The UKPF is actively managed against its IPD benchmark, seeking to deliver returns through a combination of rental income and capital growth. At times the fund may have significant levels of short term cash deposits in advance of purchasing units in the UKPF. This may lead to lower than expected returns.
Benchmark
  • All Balanced Property Fund component of the AREF / IPD UK Quarterly Property Fund Index
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
3%
1 Year rank in sector
35/159
Sector
PN UK Direct Property
Yield
-
Fund size
£44m (£43m 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.
27
Bid price
5.46
Offer price
5.74
Top in this sector
Fund name1 Year
Guardian Choices Property Pn10.4%
Guardian Property Pn10.4%
OMW IPL Aviva Lm Prp Pn8.9%
FL Property AP5.9%
FL GM Property Pension5.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • UK32.9%
    London26.9%
    Eastern UK22.5%
    South West UK17.7%
  • Retail38.7%
    Offices - Property29.6%
    Industrials21.9%
    Others9.8%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%1.5%-1.3%3%33.5%37.5%
Sector0.4%3%-2.5%-0.9%24.7%33.4%
Rank within sector21 / 161113 / 16059 / 15935 / 15928 / 15448 / 149
Quartile1st3rd2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.1%4.7%22.2%5%-
Sector-1.8%9.7%14.3%6.9%1%
Rank within sector37 / 159143 / 1583 / 154123 / 15296 / 149
Quartile1st4th1st4th3rd
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.
5.49
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.
0.57
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.
1.07
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%.
5.99
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.
5.81
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.
0.34
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.
0.11
Price movement
52 week high5.59
52 week low5.3
Current bid price5.46
Current offer price5.74
Current mid price-
Region
1UK32.9%
2London26.9%
3Eastern UK22.5%
4South West UK17.7%
Industry sector
1Retail38.7%
2Offices - Property29.6%
3Industrials21.9%
4Others9.8%
Asset type
1Property100%
Individual holdings
1THE BREWERY, ROMFORD6.7%
2RENAISSANCE, CROYDON6%
337-44 STALL STREET, BATH5.4%
4GEMINI RETAIL PARK, WARRINGTON4.6%
5EMERSONS GREEN RETAIL PARK, BRISTOL4.5%
Management
Fund manager group
Prudential
Fund manager company
Prudential Pensions Ltd
Fund type
Pension Fund
Fund objective
The investment strategy of the fund is to buy units in the M&G PP UK Property Fund. That fund invests in the M&G UK Property Fund (“UKPF”), an open-ended Luxembourg FCP investing solely in UK property assets, including the retail, office, industrial and alternative sectors. The UKPF is actively managed against its IPD benchmark, seeking to deliver returns through a combination of rental income and capital growth. At times the fund may have significant levels of short term cash deposits in advance of purchasing units in the UKPF. This may lead to lower than expected returns.
Benchmark
  • All Balanced Property Fund component of the AREF / IPD UK Quarterly Property Fund Index
Investment style
No data available.
Investment method
Physical
Fund manager
NameSinceBiography
Dermot Kiernan01/03/2009Kiernan has over 25 years experience in property investment, having joined Prupim in September 2007 from LaSalle Investment Management where he managed segregated pension fund property mandates for 17 years. Kiernan has been working closely with Cartwright on the management of the Fund over the past year. Prior to this, he worked both for a quoted property company and in the public sector. He has a degree in Estate Management and is a Chartered Surveyor.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru UK Property Pn S1
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price5.46
Offer price5.74
Mid price-
CurrencyGBP
Price updated01/12/2016
Type-
Institutional or retail classInstitutional
Domicile-
Citi codePS24
Data provided by

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