Prudential FRIA Wellington Global Impact Bond
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | n/a | n/a | n/a | 1.7% | 7.0% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | n/a | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| DEUTSCHE BUNDESREPUBLIK RGSS 0.0000% 08-15-31 | 5.07 |
| UMBS TBA MBS 30YR6.0000% 01-01-54 | 3.21 |
| ⅞% Green Gilt 2033 | 3.13 |
| 1½% Green Gilt 2053 | 2.03 |
| BELGIUM GOVERNMENT BOND SRG144 1.2500% 04-22-33 | 1.89 |
| EUROPEAN UNION REGS RGSS 0.0000% 07-04-31 | 1.89 |
| UMBS TBA MBS 30YR5.5000% 01-01-54 | 1.44 |
| FNMA CB2291 MBS 30YR2.5000% 12-01-51 | 1.24 |
| ITALY BTPS SRG144 4.0000% 04-30-35 | 1.18 |
| UMBS TBA MBS 30YR5.5000% 01-01-54 | 1.17 |
| Total | 22.27 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Wellington Global Impact Bond Fund - the underlying fund.
Underlying Fund Objective: The fund seeks long-term total returns (capital appreciation and income). The fund has a sustainable objective to seek to understand the world's social and environmental problems and to invest in companies and organisations that it believes are addressing these needs in a differentiated way through their core products, services and projects. The fund through its investments, seeks to improve access to, and the quality of, basic life essentials, reduce inequality and mitigate the effects of climate change. The fund will be actively managed and seeks to deliver long-term total returns in excess of the Bloomberg Barclays Global Aggregate Index (USD Hedged) ("the Index") and achieve its objectives by investing primarily in investment-grade global fixed income securities.
Fund Manager
Campe is a fixed income portfolio manager with expertise in asset allocation across the major fixed income sectors. He manages the Multi-Sector Credit and Global Impact Bond strategies.
Fund Overview
| Bid (20/12/2024) | 99.40 |
| Offer (20/12/2024) | 99.40 |
| Fund size | - |
| Underlying Fund size | £607.77m |
| Number of holdings | 659 |
| Launch date | 10/08/2022 |
Fund Charges
| Annual Management Charge (AMC) | 1.25% |
| Further Costs | 0.05% |
| Yearly Total | 1.30% |
Asset Allocation
| International Bonds | 63.16% | |
| Property | 24.62% | |
| UK Gilts | 5.16% | |
| UK Corporate Bonds | 2.03% | |
| Cash and Equivalents | 1.96% | |
| Alternative Trading Strategies | 1.95% | |
| Other Assets | 1.11% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Bonds | 63.16% | |
| Property | 24.62% | |
| UK Gilts | 5.16% | |
| UK Corporate Bonds | 2.03% | |
| Cash and Equivalents | 1.96% | |
| Alternative Trading Strategies | 1.95% | |
| Other Assets | 1.11% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 70.36% | - | - | - | |
| Property | 24.62% | - | - | - | |
| Property | - | 24.62% | - | - | |
| Property | - | - | 24.62% | - | |
| Property | - | - | - | 24.62% | |
| Cash and Equivalents | 1.96% | - | - | - | |
| Alternative Trading Strategies | 1.95% | - | - | - | |
| Alternative Trading Strategies | - | 1.95% | - | - | |
| Alternative Trading Strategies | - | - | 1.95% | - | |
| Alternative Trading Strategies | - | - | - | 1.95% | |
| Non-Classified | 1.11% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 33.58% | |
| Property | 24.62% | |
| North America | 19.16% | |
| UK | 7.20% | |
| Non-Classified | 4.61% | |
| Emerging Europe | 2.68% | |
| Cash and Equivalents | 1.96% | |
| Emerging Asia | 1.80% | |
| Australia & New Zealand | 1.23% | |
| Other Regions | 3.16% |
Fixed Interest Currencies
| Euro | 36.56% | |
| Non-Fixed Interest Assets | 29.64% | |
| US Dollar | 15.49% | |
| Pound Sterling | 6.71% | |
| Unrecognised | 4.57% | |
| Australian Dollar | 3.09% | |
| Other Currencies | 3.93% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 33.58% | - | |
Germany
|
- | 8.50% | |
France
|
- | 5.64% | |
Belgium
|
- | 5.28% | |
Luxembourg
|
- | 3.16% | |
Spain
|
- | 2.81% | |
Italy
|
- | 2.61% | |
Netherlands
|
- | 1.53% | |
Ireland
|
- | 1.50% | |
Austria
|
- | 1.19% | |
Denmark
|
- | 0.95% | |
Sweden
|
- | 0.39% | |
| Property | 24.62% | - | |
| North America | 19.16% | - | |
United States
|
- | 18.90% | |
Canada
|
- | 0.26% | |
| UK | 7.20% | - | |
United Kingdom
|
- | 7.20% | |
| Non-Classified | 4.61% | - | |
| Emerging Europe | 2.68% | - | |
Romania
|
- | 1.18% | |
Hungary
|
- | 0.90% | |
Poland
|
- | 0.53% | |
Turkey
|
- | 0.07% | |
| Cash and Equivalents | 1.96% | - | |
| Emerging Asia | 1.80% | - | |
Philippines
|
- | 1.17% | |
Thailand
|
- | 0.30% | |
South Korea
|
- | 0.25% | |
India
|
- | 0.08% | |
| Australia & New Zealand | 1.23% | - | |
Australia
|
- | 1.11% | |
New Zealand
|
- | 0.12% | |
| South & Central America | 1.10% | - | |
Peru
|
- | 0.40% | |
Mexico
|
- | 0.28% | |
Guatemala
|
- | 0.24% | |
Colombia
|
- | 0.14% | |
Chile
|
- | 0.04% | |
| Developed Asia | 0.94% | - | |
Singapore
|
- | 0.50% | |
Hong Kong
|
- | 0.44% | |
| Japan | 0.75% | - | |
Japan
|
- | 0.75% | |
| Middle East & Africa | 0.37% | - | |
Benin
|
- | 0.13% | |
Cote D'Ivoire
|
- | 0.12% | |
Israel
|
- | 0.12% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
19.21% |
| 5Yr - 10Yr Maturity |
|
33.85% |
| 10Yr - 15Yr Maturity |
|
3.83% |
| > 15Yr Maturity |
|
13.47% |
| Cash And Equivalents |
|
1.96% |
| Unknown Maturity |
|
1.11% |
| Other Asset Types |
|
26.57% |
Fixed Interest Quality Profile
| AAA |
|
13.79% |
| AA |
|
11.00% |
| A |
|
5.35% |
| BBB |
|
8.80% |
| Sub-Investment Grade |
|
0.78% |
| Unknown Quality |
|
30.63% |
| Cash and Equivalents |
|
1.96% |
| Other Asset Types |
|
27.68% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | DEUTSCHE BUNDESREPUBLIK RGSS 0.0000% 08-15-31 | 5.07% | Bonds | Germany |
| 2 | UMBS TBA MBS 30YR6.0000% 01-01-54 | 3.21% | Property | Direct Property and REITs |
| 3 | ⅞% Green Gilt 2033 | 3.13% | Bonds | United Kingdom |
| 4 | 1½% Green Gilt 2053 | 2.03% | Bonds | United Kingdom |
| 5 | BELGIUM GOVERNMENT BOND SRG144 1.2500% 04-22-33 | 1.89% | Bonds | Belgium |
| 6 | EUROPEAN UNION REGS RGSS 0.0000% 07-04-31 | 1.89% | Bonds | Belgium |
| 7 | UMBS TBA MBS 30YR5.5000% 01-01-54 | 1.44% | Property | Direct Property and REITs |
| 8 | FNMA CB2291 MBS 30YR2.5000% 12-01-51 | 1.24% | Property | Direct Property and REITs |
| 9 | ITALY BTPS SRG144 4.0000% 04-30-35 | 1.18% | Bonds | Italy |
| 10 | UMBS TBA MBS 30YR5.5000% 01-01-54 | 1.17% | Property | Direct Property and REITs |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BLFK067 |
| Mex Code | PRAAZD |
| Isin Code | GB00BLFK0679 |
| Citi Code | WM7N |
Fund Charges
| Annual Management Charge (AMC) | 1.25% |
| Further Costs | 0.05% |
| Yearly Total | 1.30% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the Wellington Global Impact Bond Fund - the underlying fund. Underlying Fund Objective: The fund seeks long-term total returns (capital appreciation and income). The fund has a sustainable objective to seek to understand the world's social and environmental problems and to invest in companies and organisations that it believes are addressing these needs in a differentiated way through their core products, services and projects. The fund through its investments, seeks to improve access to, and the quality of, basic life essentials, reduce inequality and mitigate the effects of climate change. The fund will be actively managed and seeks to deliver long-term total returns in excess of the Bloomberg Barclays Global Aggregate Index (USD Hedged) ("the Index") and achieve its objectives by investing primarily in investment-grade global fixed income securities. |
| Benchmark | Bloomberg Barclays Global Aggregate Hedged to USD |
| ABI Sector | Global Fixed Interest |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | - |
| Beta | - |
| Sharpe | - |
| Standard Deviation | - |
| Info Ratio | - |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | Yes |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | Yes |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Offshore
The fund is not UK domiciled, and investors are not normally entitled to compensation through the UK Financial Services Compensation Scheme.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.