PGIM European High Yield Bond Hedged I Cap GBP

ISIN: IE00BFLR1T03 | MEX: N/A | CITI: UWT5

  • Buy 12,810 GBX

  • Sell 12,810 GBX

  • Price Change 0.04370%

Accumulation

Past Performance

  • 6th May 2020 to 6th May 2021-
  • 6th May 2021 to 6th May 2022-
  • 6th May 2022 to 6th May 2023-
  • 6th May 2023 to 6th May 202412.61%
  • 6th May 2024 to 6th May 20258.92%

Objectives and Approach

The investment objective of the PGIM European High Yield Bond Fund (the "Fund") is to achieve a return through a combination of current income and capital appreciation while preserving invested capital. The benchmark of the Fund is the ICE BofAML European Currency Non-Financial High Yield 2% Constrained Index. There is no guarantee that this objective will be met. The Fund will be invested in a diversified portfolio consisting primarily of high yield bonds that are originated in the European bond market. These securities will largely be a mix of fixed and floating rate instruments that are rated below investment grade. The Fund will seek to identify and capture relative value opportunities within the European high yield bond market with an active, risk managed approach using fundamental credit analysis.

Key Information

Inception 21st Jun 2022
Historic Yield 0%
Sector IA EUR High Yield Bond
Fund Size £52.006mn
Fund Type ICVC
Classification Accumulation

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
0.89%
Initial Charge 0%
AMC 0.50%
Our Platform Charge
We charge a platform fee of 0.30%. Our charges are shown on our rates and charges sheet
0.30%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here
0.30%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
0.89%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Performance

  • Chart Options

    Select Timeframe
    From
    To
    Add comparator to chart
    None
    This fund's IA Sector (IA EUR High Yield Bond)
    Another IA Sector
    Search for Fund Comparator
      Add a FTSE Index

      Current Comparators


      • Cumulative Performance

        1 month3 months6 months1 year3 years5 years
        1.28% -0.31% 2.81% 8.92% - -

        Important Information
        Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

        The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      213,419 bytes PDF Document; last updated 31 Mar 2025
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      154,072 bytes PDF Document; last updated 14 Feb 2025
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      4,231,498 bytes PDF Document; last updated 30 Jun 2024
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      1,318,462 bytes PDF Document; last updated 31 Dec 2024
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      8,855,567 bytes PDF Document; last updated 18 Mar 2025

      Management Team

      Terry Nguyen Arvinder Chowdhary Rob Fawn Jonathan Butler

      Terry Nguyen has managed this fund for 4 months.

      Terry Nguyen Terry Nguyen, CFA is a Principal and Portfolio Manager in PGIM Fixed Income’s European Leverage Finance Team, based in London. Mr. Nguyen is primarily responsible for managing bank loans and high yield bonds across multiple mandates. Previously, he was a credit analyst in the European Leveraged Finance Credit Research Team where he covered European Automotive, Chemicals, Metals & Mining and Oil & Gas sectors. Prior to joining the Firm in 2019, he spent 10 years at Bank of America Merrill Lynch as a High Yield / Distressed Analyst & Trader. Previous to that he held various research roles at Societe General, KBC, and in equity research at Natixis. Mr. Nguyen received an MBA from the Schulich School of Business (Toronto) and a BA in Philosophy from the University of Western Ontario.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Terry

      Name of Security Sole/Co Managed Since
      PGIM EHYB Co Dec 2024

      Arvinder Chowdhary has managed this fund for 5 years and 6 months.

      Arvinder Chowdhary Arvinder Chowdhary, CFA, is a Principal and Portfolio Manager on the European Leveraged Finance Team at PGIM Fixed Income, based in London. Mr. Chowdhary is primarily responsible for managing bank loans and high yield bonds across multiple mandates. Prior to joining the firm in 2014, he worked as a research analyst/portfolio manager within European high yield at Western Asset Management in London. Previously, Mr. Chowdhary worked as Director, Fixed Income Research at Citigroup Asset Management where he worked in London and New York. He commenced his career in 1994 at CRISIL, the Indian subsidiary of Standard & Poor's. Mr. Chowdhary received a BE from University of Delhi, an MBA from XLRI Business School and an MS in Financial Engineering from University of Michigan.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Arvinder

      Name of Security Sole/Co Managed Since
      PGIM EHYB Co Nov 2019

      Rob Fawn has managed this fund for 5 years and 6 months.

      Rob Fawn Rob Fawn is a Principal and Portfolio Manager in the European Leveraged Finance Team at PGIM Fixed Income, based in London. Mr. Fawn is responsible for managing high yield bonds and bank loans across multiple mandates. He manages the European investments in PGIM Fixed Income’s Credit Opportunities strategy, and is also responsible for managing the European Leveraged Finance sleeves within the Global High Yield and Multi Sector portfolios. Previously, Mr. Fawn was a credit analyst in the European Leveraged Finance Credit Research Team where he covered the chemicals, food, metals & mining and paper & packaging sectors. Prior to joining the Firm in 2017, he spent 12 years at Citigroup, most recently as a credit analyst on their European High Yield Credit Trading desk, having also spent 6 years in M&A. Mr. Fawn received a Bachelor of Science in Business Administration from The University of Bath.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Rob

      Name of Security Sole/Co Managed Since
      PGIM Global High Yield Bond Co Sep 2021
      PGIM Global High Yield Bond Co Sep 2021
      PGIM EHYB Co Nov 2019
      PGIM GHYESGB Co Sep 2021

      Jonathan Butler has managed this fund for 10 years and 9 months.

      Jonathan Butler Jonathan Butler is a Managing Director and the Head of the European Leveraged Finance Team (High Yield and Bank Loans) at PGIM Fixed Income, based in London. Mr. Butler is also the co-Head of the Global High Yield Strategy. He is a member of the board of directors of PGIM Limited, PGIM's UK-regulated business, and assists with developing and implementing the Firm's business strategy in the UK. Prior to joining the Firm in 2005, Mr. Butler was responsible for establishing and managing NIBC’s third-party CLO asset management franchise. At NIBC, he invested in senior and mezzanine loans for financial sponsor transactions (leveraged buyouts). Previously, Mr. Butler held investment positions with Chemical Bank (now JPMorgan Chase & Co.), where he originally received his credit training, and Industrial Bank of Japan (now Mizuho). Mr. Butler received a BA with honours in Financial Services from Bournemouth University, UK.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Jonathan

      Name of Security Sole/Co Managed Since
      PGIM Global High Yield Bond Co Sep 2019
      PGIM Global High Yield Bond Co Sep 2019
      PGIM EHYB Co Aug 2014
      PGIM GHYESGB Co Sep 2021

      Investment involves risk. You may get back less than invested.