Prudential UK Equity S3
Performance
Discrete performance - to latest available quarter end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | -12.5% | 27.0% | -6.4% | 6.7% | 12.7% |
| Benchmark | -13.0% | 21.5% | 1.6% | 7.9% | 13.0% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2024 |
3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
|
| Fund | 5.1% | 4.0% | 4.6% | 5.6% |
| Benchmark | 3.7% | 7.4% | 5.5% | 5.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 7.12 |
| HSBC HOLDINGS | 6.44 |
| UNILEVER | 4.23 |
| BP | 3.85 |
| SHELL | 3.69 |
| GSK | 2.82 |
| DIAGEO | 2.48 |
| LONDON STOCK EXCHANGE GROUP | 2.14 |
| RIO TINTO | 1.70 |
| RECKITT BENCKISER GROUP | 1.70 |
| Total | 36.16 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G UK Equity Fund - the underlying fund.
Underlying Fund Objective: The fund invests, via other M&G funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis.
Fund Manager
With access to investment professionals around the world, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.
Fund Overview
| Daily price (18/07/2024) | 392.60 |
| Fund size (31/05/2024) | £123.62m |
| Underlying Fund size | £299.12m |
| Number of holdings | 758 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 06/04/2001 |
Asset Allocation
| UK Equities | 91.20% | |
| International Equities | 2.62% | |
| Cash and Equivalents | 2.23% | |
| Property | 2.04% | |
| Investment Trusts | 1.19% | |
| Alternative Trading Strategies | 0.05% | |
| Money Market | 0.01% | |
| UK Corporate Bonds | 0.00% | |
| International Bonds | 0.00% | |
| Other Assets | 0.65% |
Commentary
Performance as at Q1 2024 - The UK stockmarket made a positive start to the year although the UK continued to lag the global market due to a relatively subdued economic outlook. Sentiment improved towards the end of the quarter when the Bank of England indicated that progress in bringing inflation down towards the 2% target increased the possibility of interest rate cuts ahead. Larger companies led the way in the quarter, with mid and small-cap stocks trailing. In this environment, the fund gained and was behind the FTSE All-Share Index. The Smaller Companies Fund was ahead of its index, while the rest of the underlying funds underperformed their respective indices. The Smaller Companies Fund’s performance was supported by stock selection and sector allocation, with above-benchmark positions in industrials and technology adding value. Stock picks in financials and basic materials more than offset selection in industrials, which hurt. A position in Alfa Financial Software added value on the back of stronger demand for technology stocks. The Recovery Fund underperformed the FTSE All-Share Index in the quarter, as concerns about the UK economy weighed on domestic-focused businesses. The fund is overweight mid-cap and small-cap stocks, which tend to rely more on UK sales than globally exposed large-cap businesses. These economic fears receded late in the quarter, and markets picked up, on evidence that the country may quickly return to growth after a shallow recession in the second half of 2023. The Equity Growth Fund gained in the quarter and was behind its benchmark. The fund had a good start to the year in January but gave back performance over the course of February and March. Sector allocation was positive over the three-month period, with an above-index position in industrials and a below-index allocation to basic materials adding value. Stock selection detracted, largely through choices in industrials, healthcare and technology. Finally, the Equity Dividend Fund’s performance was held back by sector allocation, with an above-index position in utilities and a below-index presence in industrials detracting. Stock selection also cost some performance, largely from choices in consumer discretionary, while stock picks in healthcare and industrials supported returns. Detractors included sports betting firm Entain, which has struggled with rising regulatory costs with ongoing regulatory scrutiny in the Netherlands and UK. Logistics firm Wincanton and packaging firm DS Smith both received takeover approaches and were among leading contributors.
Source: M&G
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 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 intended for the advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 91.20% | |
| International Equities | 2.62% | |
| Cash and Equivalents | 2.23% | |
| Property | 2.04% | |
| Investment Trusts | 1.19% | |
| Alternative Trading Strategies | 0.05% | |
| Money Market | 0.01% | |
| UK Corporate Bonds | 0.00% | |
| International Bonds | 0.00% | |
| Other Assets | 0.65% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 23.10% | - | - | - | |
| Banks | - | 9.86% | - | - | |
| Banks | - | - | 9.86% | - | |
| Banks | - | - | - | 9.86% | |
| Financial Services | - | 9.14% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.43% | - | |
| Asset Managers & Custodians | - | - | - | 4.53% | |
| Investment Services | - | - | - | 0.84% | |
| Diversified Financial Services | - | - | - | 0.06% | |
| Finance & Credit Services | - | - | 2.51% | - | |
| Financial Data & Systems | - | - | - | 2.14% | |
| Mortgage Finance | - | - | - | 0.29% | |
| Consumer Lending | - | - | - | 0.09% | |
| Equity Investment Instruments | - | - | 1.20% | - | |
| Equity Investment Instruments | - | - | - | 1.20% | |
| Insurance | - | 4.10% | - | - | |
| Life Insurance | - | - | 2.71% | - | |
| Life Insurance | - | - | - | 2.71% | |
| Non-life Insurance | - | - | 1.39% | - | |
| Property & Casualty Insurance | - | - | - | 1.05% | |
| Full Line Insurance | - | - | - | 0.25% | |
| Reinsurance | - | - | - | 0.09% | |
| Industrials | 13.60% | - | - | - | |
| Industrial Goods & Services | - | 11.75% | - | - | |
| Industrial Support Services | - | - | 3.96% | - | |
| Professional Business Support Services | - | - | - | 2.74% | |
| Business Training & Employment Agencies | - | - | - | 0.80% | |
| Industrial Suppliers | - | - | - | 0.29% | |
| Transaction Processing Services | - | - | - | 0.12% | |
| Security Services | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 2.27% | - | |
| Defense | - | - | - | 1.33% | |
| Aerospace | - | - | - | 0.95% | |
| General Industrials | - | - | 1.76% | - | |
| Containers & Packaging | - | - | - | 1.02% | |
| Diversified Industrials | - | - | - | 0.74% | |
| Industrial Engineering | - | - | 1.65% | - | |
| Machinery: Industrial | - | - | - | 0.89% | |
| Machinery: Construction & Handling | - | - | - | 0.62% | |
| Machinery: Specialty | - | - | - | 0.13% | |
| Industrial Transportation | - | - | 1.16% | - | |
| Marine Transportation | - | - | - | 0.43% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.35% | |
| Delivery Services | - | - | - | 0.29% | |
| Transportation Services | - | - | - | 0.09% | |
| Electronic & Electrical Equipment | - | - | 0.94% | - | |
| Electrical Components | - | - | - | 0.55% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.21% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.18% | |
| Construction & Materials | - | 1.85% | - | - | |
| Construction & Materials | - | - | 1.85% | - | |
| Construction | - | - | - | 0.72% | |
| Engineering & Contracting Services | - | - | - | 0.38% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.37% | |
| Building Materials: Other | - | - | - | 0.31% | |
| Cement | - | - | - | 0.06% | |
| Consumer Staples | 12.55% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 7.17% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 7.17% | - | |
| Personal Products | - | - | - | 4.23% | |
| Nondurable Household Products | - | - | - | 1.70% | |
| Food Retailers & Wholesalers | - | - | - | 1.24% | |
| Food, Beverage & Tobacco | - | 5.37% | - | - | |
| Beverages | - | - | 3.58% | - | |
| Distillers & Vintners | - | - | - | 2.55% | |
| Soft Drinks | - | - | - | 1.03% | |
| Food Producers | - | - | 1.48% | - | |
| Food Products | - | - | - | 1.41% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.06% | |
| Tobacco | - | - | 0.31% | - | |
| Tobacco | - | - | - | 0.31% | |
| Health Care | 11.77% | - | - | - | |
| Health Care | - | 11.77% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 11.43% | - | |
| Pharmaceuticals | - | - | - | 10.86% | |
| Biotechnology | - | - | - | 0.56% | |
| Medical Equipment & Services | - | - | 0.34% | - | |
| Medical Equipment | - | - | - | 0.24% | |
| Medical Supplies | - | - | - | 0.11% | |
| Consumer Discretionary | 10.59% | - | - | - | |
| Media | - | 4.07% | - | - | |
| Media | - | - | 4.07% | - | |
| Publishing | - | - | - | 2.36% | |
| Media Agencies | - | - | - | 1.26% | |
| Radio & TV Broadcasters | - | - | - | 0.45% | |
| Entertainment | - | - | - | 0.00% | |
| Consumer Products & Services | - | 2.89% | - | - | |
| Consumer Services | - | - | 1.28% | - | |
| Vending & Catering Service | - | - | - | 1.27% | |
| Consumer Services: Misc. | - | - | - | 0.01% | |
| Household Goods & Home Construction | - | - | 0.94% | - | |
| Home Construction | - | - | - | 0.93% | |
| Household Furnishings | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.43% | - | |
| Toys | - | - | - | 0.43% | |
| Electronic Entertainment | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.24% | - | |
| Clothing & Accessories | - | - | - | 0.24% | |
| Travel & Leisure | - | 2.19% | - | - | |
| Travel & Leisure | - | - | 2.19% | - | |
| Hotels & Motels | - | - | - | 0.62% | |
| Recreational Services | - | - | - | 0.55% | |
| Casinos & Gambling | - | - | - | 0.39% | |
| Travel & Tourism | - | - | - | 0.29% | |
| Restaurants & Bars | - | - | - | 0.29% | |
| Airlines | - | - | - | 0.05% | |
| Retail | - | 1.36% | - | - | |
| Retailers | - | - | 1.36% | - | |
| Home Improvement Retailers | - | - | - | 0.80% | |
| Diversified Retailers | - | - | - | 0.27% | |
| Specialty Retailers | - | - | - | 0.18% | |
| Apparel Retailers | - | - | - | 0.11% | |
| Automobiles & Parts | - | 0.08% | - | - | |
| Automobiles & Parts | - | - | 0.08% | - | |
| Auto Parts | - | - | - | 0.07% | |
| Automobiles | - | - | - | 0.01% | |
| Energy | 8.93% | - | - | - | |
| Energy | - | 8.93% | - | - | |
| Non-Renewable Energy | - | - | 8.62% | - | |
| Integrated Oil & Gas | - | - | - | 7.93% | |
| Oil: Crude Producers | - | - | - | 0.60% | |
| Oil Equipment & Services | - | - | - | 0.09% | |
| Renewable Energy | - | - | 0.31% | - | |
| Alternative Fuels | - | - | - | 0.27% | |
| Renewable Energy Equipment | - | - | - | 0.04% | |
| Basic Materials | 5.58% | - | - | - | |
| Basic Resources | - | 4.53% | - | - | |
| Industrial Metals & Mining | - | - | 4.36% | - | |
| General Mining | - | - | - | 3.54% | |
| Copper | - | - | - | 0.51% | |
| Metal Fabricating | - | - | - | 0.15% | |
| Nonferrous Metals | - | - | - | 0.12% | |
| Iron & Steel | - | - | - | 0.04% | |
| Precious Metals & Mining | - | - | 0.16% | - | |
| Gold Mining | - | - | - | 0.13% | |
| Platinum & Precious Metals | - | - | - | 0.03% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.00% | - | |
| Diversified Materials | - | - | - | 0.00% | |
| Chemicals | - | 1.05% | - | - | |
| Chemicals | - | - | 1.05% | - | |
| Chemicals: Diversified | - | - | - | 0.69% | |
| Specialty Chemicals | - | - | - | 0.36% | |
| Utilities | 3.28% | - | - | - | |
| Utilities | - | 3.28% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.45% | - | |
| Multi-Utilities | - | - | - | 1.64% | |
| Water | - | - | - | 0.81% | |
| Electricity | - | - | 0.83% | - | |
| Conventional Electricity | - | - | - | 0.83% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Technology | 3.08% | - | - | - | |
| Technology | - | 3.08% | - | - | |
| Software & Computer Services | - | - | 2.52% | - | |
| Software | - | - | - | 1.34% | |
| Consumer Digital Services | - | - | - | 0.89% | |
| Computer Services | - | - | - | 0.30% | |
| Technology Hardware & Equipment | - | - | 0.56% | - | |
| Semiconductors | - | - | - | 0.44% | |
| Electronic Components | - | - | - | 0.11% | |
| Production Technology Equipment | - | - | - | 0.01% | |
| Real Estate | 2.94% | - | - | - | |
| Real Estate | - | 2.94% | - | - | |
| Real Estate Investment Trusts | - | - | 2.65% | - | |
| Industrial REITs | - | - | - | 0.93% | |
| Diversified REITs | - | - | - | 0.62% | |
| Office REITs | - | - | - | 0.47% | |
| Residential REITs | - | - | - | 0.23% | |
| Retail REITs | - | - | - | 0.19% | |
| Storage REITs | - | - | - | 0.13% | |
| Other Specialty REITs | - | - | - | 0.05% | |
| Health Care REITs | - | - | - | 0.03% | |
| Real Estate Investment & Services | - | - | 0.29% | - | |
| Real Estate Services | - | - | - | 0.19% | |
| Real Estate Holding and Development | - | - | - | 0.11% | |
| Cash and Equivalents | 2.24% | - | - | - | |
| Telecommunications | 1.16% | - | - | - | |
| Telecommunications | - | 1.16% | - | - | |
| Telecommunications Service Providers | - | - | 1.14% | - | |
| Telecommunications Services | - | - | - | 1.14% | |
| Telecommunications Equipment | - | - | 0.01% | - | |
| Telecommunications Equipment | - | - | - | 0.01% | |
| Non-Classified | 1.13% | - | - | - | |
| Alternative Trading Strategies | 0.05% | - | - | - | |
| Alternative Trading Strategies | - | 0.05% | - | - | |
| Alternative Trading Strategies | - | - | 0.05% | - | |
| Alternative Trading Strategies | - | - | - | 0.05% | |
| Bonds | 0.00% | - | - | - | |
Regional Allocation
| UK | 91.54% | |
| Cash and Equivalents | 2.24% | |
| Property | 2.16% | |
| Non-Classified | 1.99% | |
| Developed Europe - Excl UK | 1.60% | |
| North America | 0.20% | |
| Australia & New Zealand | 0.11% | |
| Middle East & Africa | 0.08% | |
| Developed Asia | 0.07% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.76% | |
| Cash | 2.23% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 91.54% | - | |
United Kingdom
|
- | 91.25% | |
Jersey
|
- | 0.24% | |
Isle of Man
|
- | 0.21% | |
| Cash and Equivalents | 2.24% | - | |
| Property | 2.16% | - | |
| Non-Classified | 1.99% | - | |
| Developed Europe - Excl UK | 1.60% | - | |
Ireland
|
- | 1.27% | |
Switzerland
|
- | 0.21% | |
Germany
|
- | 0.09% | |
Netherlands
|
- | 0.02% | |
France
|
- | 0.00% | |
Luxembourg
|
- | 0.00% | |
Sweden
|
- | 0.00% | |
| North America | 0.20% | - | |
Canada
|
- | 0.14% | |
United States
|
- | 0.06% | |
| Australia & New Zealand | 0.11% | - | |
Australia
|
- | 0.11% | |
| Middle East & Africa | 0.08% | - | |
Israel
|
- | 0.08% | |
| Developed Asia | 0.07% | - | |
Singapore
|
- | 0.07% | |
Hong Kong
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
43.75% |
| Large |
|
14.08% |
| Medium |
|
16.34% |
| Small |
|
9.61% |
| Micro |
|
2.61% |
| Non-Classified |
|
11.37% |
| Cash |
|
2.24% |
Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G (ACS) BlackRock UK All Share Equity PA | 47.72% | Managed Funds | Managed Funds |
| 2 | M&G PP UK Equity Growth | 20.24% | Managed Funds | Managed Funds |
| 3 | M&G PP UK Equity Dividend | 13.95% | Managed Funds | Managed Funds |
| 4 | M&G PP Recovery Fund | 13.91% | Managed Funds | Managed Funds |
| 5 | M&G PP UK Smaller Companies Fund | 4.12% | Managed Funds | Managed Funds |
| 6 | M&G PP UK Equity 350 Passive | 0.00% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 7.12% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | HSBC HOLDINGS | 6.44% | Banks | United Kingdom |
| 3 | UNILEVER | 4.23% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 4 | BP | 3.85% | Non-Renewable Energy | United Kingdom |
| 5 | SHELL | 3.69% | Non-Renewable Energy | United Kingdom |
| 6 | GSK | 2.82% | Pharmaceuticals & Biotechnology | United Kingdom |
| 7 | DIAGEO | 2.48% | Beverages | United Kingdom |
| 8 | LONDON STOCK EXCHANGE GROUP | 2.14% | Finance & Credit Services | United Kingdom |
| 9 | RIO TINTO | 1.70% | Industrial Metals & Mining | United Kingdom |
| 10 | RECKITT BENCKISER GROUP | 1.70% | Personal Care, Drug & Grocery Stores | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 3.04% | 0.04% | - | - | - | - | - | - | 3.08% |
| Telecommunications | 1.16% | - | - | - | - | - | - | - | 1.16% |
| Financials | 21.58% | 0.33% | - | - | - | - | 1.19% | - | 23.10% |
| Real Estate | 0.94% | - | - | - | - | 2.00% | - | - | 2.94% |
| Consumer Discretionary | 10.16% | 0.43% | - | - | - | - | - | - | 10.59% |
| Consumer Staples | 12.13% | 0.42% | - | - | - | - | - | - | 12.55% |
| Energy | 8.93% | - | - | - | - | - | - | - | 8.93% |
| Utilities | 3.28% | - | - | - | - | - | 0.05% | - | 3.33% |
| Health Care | 11.65% | 0.12% | - | - | - | - | - | - | 11.77% |
| Industrials | 13.08% | 0.52% | - | - | - | - | - | - | 13.60% |
| Basic Materials | 4.92% | 0.66% | - | - | - | - | - | - | 5.58% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.23% | 2.23% |
| Bonds | - | - | - | - | - | - | - | - | - |
| Non-Classified | 0.33% | 0.10% | - | - | - | 0.05% | 0.65% | 0.01% | 1.14% |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 | 3169447 |
| Mex Code | PUUKE |
| Isin Code | GB0031694473 |
| Citi Code | P286 |
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 M&G UK Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis. |
| Benchmark | FTSE All-Share Index |
| ABI Sector | UK All Companies |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 | 0.41 |
| Beta | 1.01 |
| Sharpe | 0.05 |
| Standard Deviation | 11.82 |
| Info Ratio | 0.18 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | Yes |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
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.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
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
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 intended for the advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.
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.
Higher Risk
These are specialist equity funds that focus on set geographical regions or a particular type of share e.g. shares of smaller companies or those that conform to certain criteria.
Help
Important Information
This factsheet is intended for the advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 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 intended for the advisers 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. You should refer to your client's 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 infomation 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.