Prudential BlackRock Aquila All Stocks Corporate Bond Index S3

Essentials Portfolio Analysis Background Data Prudential Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to latest available quarter end

30/09/19
to
30/09/20
30/09/20
to
30/09/21
30/09/21
to
30/09/22
30/09/22
to
30/09/23
30/09/23
to
30/09/24
Fund 3.8% -0.2% -21.0% 4.9% 10.0%
Benchmark 3.8% -0.4% -21.9% 6.9% 9.7%

Performance - to latest available quarter end

Quarter Annualised
3
2024
3 Years to
30/09/24
5 Years to
30/09/24
10 Years to
30/09/24
Fund 2.0% -3.0% -1.1% 2.1%
Benchmark 2.3% -2.9% -1.1% 2.2%

Top 10 Holdings

Stock % Weight
KFW MTN RegS 4.125 02/18/2026 0.53
KFW MTN RegS 4.875 10/10/2028 0.47
EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.46
KFW MTN RegS 3.75 01/09/2029 0.42
EUROPEAN INVESTMENT BANK MTN RegS 1 09/21/2026 0.38
European Investment Bank 6% 2028 0.38
INTER-AMERICAN DEVELOPMENT BANK 1.25 12/15/2025 0.35
KFW MTN RegS 3.75 07/30/2027 0.34
ONTARIO (PROVINCE OF) RegS 0.25 12/15/2026 0.33
KFW BANKENGRUPPE MTN 6 12/07/2028 0.32
Total 3.98

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the BlackRock Aquila Life Corporate Bond Index Fund All Stocks - the underlying fund.

Underlying Fund Objective: The fund invests in investment grade corporate bonds denominated in sterling and aims to achieve a return consistent with the iBoxx £ Non-Gilts Index. This index covers the broad spectrum of investment grade corporate bonds in issue.

Fund Manager

BlackRock Team Managed manager of the underlying fund for 24 years and 9 months

Photo of BlackRock Team Managed BlackRock Team Managed

Fund Overview

Daily price (17/12/2024) 203.50
Fund size (31/10/2024) £4.95m
Underlying Fund size £448.77m
Number of holdings 1999
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 15/07/2005

Asset Allocation

pie chart
  International Bonds 60.31%
  UK Corporate Bonds 33.77%
  Money Market 0.04%
  Cash and Equivalents 0.02%
  Other Assets 5.86%

Commentary

Performance as at Q3 2024 - Credit spreads trended marginally lower over the month. Supply for September was significantly higher than that of September 2023, at circa £10.6 bn of issuance, versus the £5.3 bn seen in September 2024. At a sector level, the higher level of issuance was led by financials which increased from £1.4bn in September 2023 to £6.4 bn in September 2024. The ICE BofAML Sterling Non-Gilt index delivered a total return of 0.35%, of which the excess return (vs government bonds) was -0.04%. The ICE BofAML Sterling Corporate and Collateralized index delivered a total return of 0.33%, of which the excess return (vs government bonds) was -0.03%.

Source: BlackRock

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 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 60.31%
  UK Corporate Bonds 33.77%
  Money Market 0.04%
  Cash and Equivalents 0.02%
  Other Assets 5.86%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 94.08% - - -
 
Non-Classified 5.86% - - -
 
Non-Classified - 0.00% - -
 
Non-Classified - - 0.00% -
 
Non-Classified - - - 0.00%
 
Cash and Equivalents 0.06% - - -

Regional Allocation

pie chart
  UK 33.77%
  Developed Europe - Excl UK 29.94%
  North America 17.73%
  Non-Classified 14.08%
  Emerging Asia 1.54%
  Australia & New Zealand 1.13%
  South & Central America 0.75%
  Middle East & Africa 0.42%
  Japan 0.36%
  Other Regions 0.28%

Fixed Interest Currencies

pie chart
  Pound Sterling 90.94%
  Non-Fixed Interest Assets 5.92%
  US Dollar 2.09%
  Euro 0.94%
  Australian Dollar 0.07%
  Lari 0.06%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 33.77% -
 
United Kingdom - 33.77%
 
Developed Europe - Excl UK 29.94% -
 
France - 8.12%
 
Germany - 5.49%
 
Luxembourg - 5.04%
 
Netherlands - 4.69%
 
Spain - 1.25%
 
Finland - 0.86%
 
Denmark - 0.83%
 
Italy - 0.80%
 
Sweden - 0.80%
 
Switzerland - 0.74%
 
Norway - 0.68%
 
Ireland - 0.34%
 
Belgium - 0.30%
 
North America 17.73% -
 
United States - 15.26%
 
Canada - 2.46%
 
Non-Classified 14.08% -
 
Emerging Asia 1.54% -
 
Philippines - 1.25%
 
China - 0.22%
 
South Korea - 0.06%
 
Australia & New Zealand 1.13% -
 
Australia - 1.13%
 
South & Central America 0.75% -
 
Mexico - 0.53%
 
Venezuela - 0.22%
 
Middle East & Africa 0.42% -
 
United Arab Emirates - 0.27%
 
Cote D'Ivoire - 0.14%
 
Japan 0.36% -
 
Japan - 0.36%
 
Developed Asia 0.22% -
 
Hong Kong - 0.13%
 
Singapore - 0.09%
 
Cash and Equivalents 0.06% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
46.43%
5Yr - 10Yr Maturity
 
 
19.51%
10Yr - 15Yr Maturity
 
 
10.73%
> 15Yr Maturity
 
 
17.41%
Cash And Equivalents
 
 
0.06%
Unknown Maturity
 
 
5.86%

Fixed Interest Quality Profile

AAA
 
 
21.28%
AA
 
 
10.94%
A
 
 
25.03%
BBB
 
 
28.93%
Sub-Investment Grade
 
 
0.38%
Unknown Quality
 
 
7.52%
Cash and Equivalents
 
 
0.06%
Other Asset Types
 
 
5.86%

Top 10 Holdings

Stock % Weight Sector Country
1 KFW MTN RegS 4.125 02/18/2026 0.53% Bonds Germany
2 KFW MTN RegS 4.875 10/10/2028 0.47% Bonds Germany
3 EUROPEAN INVESTMENT BANK 5.625 06/07/2032 0.46% Bonds Luxembourg
4 KFW MTN RegS 3.75 01/09/2029 0.42% Bonds Germany
5 EUROPEAN INVESTMENT BANK MTN RegS 1 09/21/2026 0.38% Bonds Luxembourg
6 European Investment Bank 6% 2028 0.38% Bonds Luxembourg
7 INTER-AMERICAN DEVELOPMENT BANK 1.25 12/15/2025 0.35% Bonds United States
8 KFW MTN RegS 3.75 07/30/2027 0.34% Bonds Germany
9 ONTARIO (PROVINCE OF) RegS 0.25 12/15/2026 0.33% Bonds Canada
10 KFW BANKENGRUPPE MTN 6 12/07/2028 0.32% Bonds Germany

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).

Identification Codes

Sedol Code B08ZTP4
Mex Code PURAF
Isin Code GB00B08ZTP47
Citi Code UO36

Fund Charges

Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the BlackRock Aquila Life Corporate Bond Index Fund All Stocks - the underlying fund. Underlying Fund Objective: The fund invests in investment grade corporate bonds denominated in sterling and aims to achieve a return consistent with the iBoxx £ Non-Gilts Index. This index covers the broad spectrum of investment grade corporate bonds in issue.
Benchmark iBoxx Sterling Non-Gilts Index
ABI Sector Sterling Corporate Bond

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).

These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.

We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.

You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.

  • Higher Risk
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

Lower to Medium Risk

These funds may invest in corporate bonds or multi-asset strategies with a higher weighting in corporate bonds (and other comparable strategies).

Help

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 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.