Prudential Long Term Growth Index S3
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 | -6.4% | 24.9% | -7.0% | 13.2% | 15.4% |
| Benchmark | -4.6% | 23.9% | -6.7% | 12.3% | 16.2% |
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 | 1.5% | 6.7% | 7.3% | 8.3% |
| Benchmark | 1.5% | 6.7% | 7.5% | 8.5% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 2.65 |
| HSBC HOLDINGS | 2.37 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.06 |
| SHELL | 1.97 |
| UNILEVER | 1.75 |
| RELX | 1.30 |
| LONDON STOCK EXCHANGE GROUP | 1.22 |
| DIAGEO | 1.11 |
| BP | 1.02 |
| NATIONAL GRID | 0.95 |
| Total | 16.40 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G Long Term Growth Index Fund – the underlying fund.
Underlying fund objective: The fund invests, primarily via other M&G funds, in the shares of UK and overseas companies. The fund is passively managed with a benchmark of 35% in UK equities and 65% in overseas equities. For the overseas shares the fund is passively managed against an internal composite benchmark asset allocation set by the M&G Treasury and Investment Office. The sub-funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their indices in order to meet their investment objectives. In addition to the fund’s objective, the Investment Manager aims to maximise the fund’s ESG characteristics by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To provide a return that is in line with that of the benchmark.
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 (19/12/2024) | 520.20 |
| Fund size (31/10/2024) | £26.88m |
| Underlying Fund size | £34.82m |
| Number of holdings | 2062 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 30/04/2002 |
Asset Allocation
| International Equities | 56.81% | |
| UK Equities | 31.98% | |
| Cash and Equivalents | 7.27% | |
| Property | 1.30% | |
| Investment Trusts | 0.78% | |
| International Bonds | 0.10% | |
| Other Assets | 1.76% |
Commentary
Performance as at Q3 2024 - The global economy stabilised with inflation prompting major central banks to cut interest rates. Shifting global monetary policy expectations and sharp movements in the Japanese yen resulted in equities and bonds registering gains. UK equities registered positive returns outperforming the global market in sterling terms. They trailed Asian and emerging market equities. The Labour Party victory in the July general election had limited impact on financial markets. The economic backdrop lifted investor confidence. The Bank of England's (BoE) made cuts to interest rates by 25 basis points in August. Sectors expected to benefit from falling interest rates, utilities and real estate were among the best performers. Energy stocks declined, technology stocks also lagged. Smaller companies in the FTSE 250 outperformed the larger global businesses in the FTSE 100. European equities rose ending just short of record highs. They trailed other major stockmarket regions, notably the US and Asia ex Japan. Falling inflation and weakening economic activity in the region's biggest economies France and Germany, the European Central Bank (ECB) cut interest rates in September. Stockmarkets in Spain and Germany were among the best performers, whereas share prices in Denmark and the Netherlands fell. Investors favoured real estate and utilities stocks, which are expected to benefit from falling interest rates. Information technology stocks were the weakest area. Energy stocks all underperformed. Markets in Asia Pacific ex Japan were ahead of global equities which was due to the performance of China and Hong Kong. The People's Bank of China (PBoC) announced a raft of stimulus measures and Chinese stockmarkets had the best week for years. Markets that outperformed included those from the ASEAN (Association of Southeast Asian Nations) region - Indonesia, Malaysia, the Philippines, Singapore and Thailand. The underperformance of technology companies resulted in stockmarkets in Taiwan and South Korea, which have a high weighting in technology companies, lagging the broader market. The Japanese stockmarket (Nikkei 225) fell in local currency terms. Returns for sterling-based investors were boosted by the appreciation of the yen. The market rallying peaked around the middle of July. Stock prices lost ground in July. In August Japanese equities fell sharply which coincided with the Bank of Japan (BoJ) increasing interest rates to 0.25% in July and weaker economic data out of the US. Market drawdowns of this magnitude are typically associated with major and unexpected economic events, in this instance the volatility appears to have been caused by global asset allocations unwinding, and not due to the health of Japan's corporate sector or its economy. Despite volatility bouts US equities rose with the S&P 500 reaching new all-time highs. Investor sentiment was lifted by signs of easing inflationary pressures and optimism that the economy was heading for a soft landing. Markets reacted positively to the first Federal Reserve (Fed) interest rate cut in four years and the prospect of further policy easing to come. The market's gains broadened out beyond the mega-cap technology stocks that have driven the rally in recent quarters. The best-performing areas were sensitive sectors such as financials and industrials. Sectors expected to benefit from falling interest rates like real estate and utilities outperformed. Technology was a notable laggard. Emerging market stocks were ahead of global equities. The performance of Asia ex Japan was driven by share price gains in China. South Africa outperformed but Turkey and Poland lagged. South Africa's performance appears to be a reflection of improving economic momentum in the country. Latin America was another mixed bag. Brazil recovered some losses from the previous quarter, despite a backdrop of rising interest rates, while Mexico's stockmarket continued to decline.
Source: M&G
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 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
| International Equities | 56.81% | |
| UK Equities | 31.98% | |
| Cash and Equivalents | 7.27% | |
| Property | 1.30% | |
| Investment Trusts | 0.78% | |
| International Bonds | 0.10% | |
| Other Assets | 1.76% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 20.13% | - | - | - | |
| Banks | - | 10.25% | - | - | |
| Banks | - | - | 10.25% | - | |
| Banks | - | - | - | 10.25% | |
| Financial Services | - | 6.23% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.77% | - | |
| Asset Managers & Custodians | - | - | - | 2.13% | |
| Investment Services | - | - | - | 1.15% | |
| Diversified Financial Services | - | - | - | 0.49% | |
| Finance & Credit Services | - | - | 1.67% | - | |
| Financial Data & Systems | - | - | - | 1.51% | |
| Consumer Lending | - | - | - | 0.15% | |
| Mortgage Finance | - | - | - | 0.00% | |
| Equity Investment Instruments | - | - | 0.79% | - | |
| Equity Investment Instruments | - | - | - | 0.79% | |
| Insurance | - | 3.65% | - | - | |
| Life Insurance | - | - | 1.83% | - | |
| Life Insurance | - | - | - | 1.83% | |
| Non-life Insurance | - | - | 1.82% | - | |
| Full Line Insurance | - | - | - | 0.79% | |
| Property & Casualty Insurance | - | - | - | 0.64% | |
| Reinsurance | - | - | - | 0.24% | |
| Insurance Brokers | - | - | - | 0.16% | |
| Technology | 12.29% | - | - | - | |
| Technology | - | 12.29% | - | - | |
| Technology Hardware & Equipment | - | - | 7.98% | - | |
| Semiconductors | - | - | - | 4.65% | |
| Computer Hardware | - | - | - | 1.15% | |
| Production Technology Equipment | - | - | - | 1.15% | |
| Electronic Components | - | - | - | 0.85% | |
| Electronic Office Equipment | - | - | - | 0.18% | |
| Software & Computer Services | - | - | 4.31% | - | |
| Software | - | - | - | 1.82% | |
| Consumer Digital Services | - | - | - | 1.79% | |
| Computer Services | - | - | - | 0.70% | |
| Industrials | 11.87% | - | - | - | |
| Industrial Goods & Services | - | 10.48% | - | - | |
| Aerospace & Defence | - | - | 2.12% | - | |
| Aerospace | - | - | - | 1.18% | |
| Defense | - | - | - | 0.94% | |
| General Industrials | - | - | 1.88% | - | |
| Diversified Industrials | - | - | - | 1.26% | |
| Containers & Packaging | - | - | - | 0.48% | |
| Plastics | - | - | - | 0.07% | |
| Paints & Coatings | - | - | - | 0.06% | |
| Glass | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 1.86% | - | |
| Professional Business Support Services | - | - | - | 0.97% | |
| Transaction Processing Services | - | - | - | 0.34% | |
| Industrial Suppliers | - | - | - | 0.28% | |
| Business Training & Employment Agencies | - | - | - | 0.16% | |
| Forms & Bulk Printing Services | - | - | - | 0.07% | |
| Security Services | - | - | - | 0.04% | |
| Electronic & Electrical Equipment | - | - | 1.76% | - | |
| Electrical Components | - | - | - | 1.30% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.27% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.13% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.05% | |
| Electronic Equipment: Other | - | - | - | 0.01% | |
| Industrial Engineering | - | - | 1.50% | - | |
| Machinery: Construction & Handling | - | - | - | 0.52% | |
| Machinery: Industrial | - | - | - | 0.35% | |
| Machinery: Engines | - | - | - | 0.27% | |
| Machinery: Tools | - | - | - | 0.26% | |
| Machinery: Agricultural | - | - | - | 0.09% | |
| Machinery: Specialty | - | - | - | 0.01% | |
| Industrial Transportation | - | - | 1.35% | - | |
| Marine Transportation | - | - | - | 0.45% | |
| Transportation Services | - | - | - | 0.36% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.21% | |
| Railroads | - | - | - | 0.19% | |
| Delivery Services | - | - | - | 0.13% | |
| Trucking | - | - | - | 0.01% | |
| Commercial Vehicles & Parts | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.00% | |
| Construction & Materials | - | 1.39% | - | - | |
| Construction & Materials | - | - | 1.39% | - | |
| Construction | - | - | - | 0.62% | |
| Building Materials: Other | - | - | - | 0.31% | |
| Cement | - | - | - | 0.21% | |
| Building: Climate Control | - | - | - | 0.19% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.04% | |
| Engineering & Contracting Services | - | - | - | 0.03% | |
| Consumer Discretionary | 10.68% | - | - | - | |
| Consumer Products & Services | - | 2.82% | - | - | |
| Personal Goods | - | - | 1.10% | - | |
| Clothing & Accessories | - | - | - | 0.57% | |
| Cosmetics | - | - | - | 0.23% | |
| Luxury Items | - | - | - | 0.17% | |
| Footwear | - | - | - | 0.12% | |
| Household Goods & Home Construction | - | - | 0.66% | - | |
| Home Construction | - | - | - | 0.51% | |
| Household Appliance | - | - | - | 0.15% | |
| Household Furnishings | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.61% | - | |
| Vending & Catering Service | - | - | - | 0.53% | |
| Consumer Services: Misc. | - | - | - | 0.07% | |
| Education Services | - | - | - | 0.01% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.45% | - | |
| Consumer Electronics | - | - | - | 0.28% | |
| Electronic Entertainment | - | - | - | 0.13% | |
| Toys | - | - | - | 0.03% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Retail | - | 2.49% | - | - | |
| Retailers | - | - | 2.49% | - | |
| Diversified Retailers | - | - | - | 1.36% | |
| Apparel Retailers | - | - | - | 0.60% | |
| Specialty Retailers | - | - | - | 0.29% | |
| Home Improvement Retailers | - | - | - | 0.24% | |
| Media | - | 2.37% | - | - | |
| Media | - | - | 2.37% | - | |
| Publishing | - | - | - | 1.67% | |
| Media Agencies | - | - | - | 0.59% | |
| Entertainment | - | - | - | 0.06% | |
| Radio & TV Broadcasters | - | - | - | 0.06% | |
| Automobiles & Parts | - | 1.72% | - | - | |
| Automobiles & Parts | - | - | 1.72% | - | |
| Automobiles | - | - | - | 1.45% | |
| Auto Parts | - | - | - | 0.24% | |
| Tires | - | - | - | 0.02% | |
| Travel & Leisure | - | 1.27% | - | - | |
| Travel & Leisure | - | - | 1.27% | - | |
| Hotels & Motels | - | - | - | 0.45% | |
| Restaurants & Bars | - | - | - | 0.43% | |
| Airlines | - | - | - | 0.23% | |
| Travel & Tourism | - | - | - | 0.08% | |
| Recreational Services | - | - | - | 0.07% | |
| Health Care | 8.60% | - | - | - | |
| Health Care | - | 8.60% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 6.89% | - | |
| Pharmaceuticals | - | - | - | 6.52% | |
| Biotechnology | - | - | - | 0.37% | |
| Medical Equipment & Services | - | - | 1.38% | - | |
| Medical Equipment | - | - | - | 0.98% | |
| Medical Supplies | - | - | - | 0.37% | |
| Medical Services | - | - | - | 0.03% | |
| Health Care Providers | - | - | 0.34% | - | |
| Health Care Management Services | - | - | - | 0.25% | |
| Health Care Facilities | - | - | - | 0.08% | |
| Health Care Services | - | - | - | 0.01% | |
| Consumer Staples | 8.34% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 4.30% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.30% | - | |
| Personal Products | - | - | - | 2.04% | |
| Food Retailers & Wholesalers | - | - | - | 1.26% | |
| Nondurable Household Products | - | - | - | 0.89% | |
| Drug Retailers | - | - | - | 0.10% | |
| Food, Beverage & Tobacco | - | 4.04% | - | - | |
| Beverages | - | - | 2.30% | - | |
| Distillers & Vintners | - | - | - | 1.20% | |
| Soft Drinks | - | - | - | 0.85% | |
| Brewers | - | - | - | 0.25% | |
| Food Producers | - | - | 1.74% | - | |
| Food Products | - | - | - | 1.66% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.06% | |
| Fruit & Grain Processing | - | - | - | 0.02% | |
| Cash and Equivalents | 7.27% | - | - | - | |
| Energy | 5.15% | - | - | - | |
| Energy | - | 5.15% | - | - | |
| Non-Renewable Energy | - | - | 5.12% | - | |
| Integrated Oil & Gas | - | - | - | 3.86% | |
| Oil: Crude Producers | - | - | - | 0.53% | |
| Oil Refining and Marketing | - | - | - | 0.37% | |
| Oil Equipment & Services | - | - | - | 0.19% | |
| Pipelines | - | - | - | 0.16% | |
| Coal | - | - | - | 0.01% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.03% | - | |
| Renewable Energy Equipment | - | - | - | 0.02% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Basic Materials | 4.66% | - | - | - | |
| Basic Resources | - | 3.41% | - | - | |
| Industrial Metals & Mining | - | - | 2.90% | - | |
| General Mining | - | - | - | 1.99% | |
| Iron & Steel | - | - | - | 0.34% | |
| Copper | - | - | - | 0.30% | |
| Metal Fabricating | - | - | - | 0.12% | |
| Aluminum | - | - | - | 0.11% | |
| Nonferrous Metals | - | - | - | 0.05% | |
| Precious Metals & Mining | - | - | 0.38% | - | |
| Gold Mining | - | - | - | 0.32% | |
| Platinum & Precious Metals | - | - | - | 0.05% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.14% | - | |
| Paper | - | - | - | 0.09% | |
| Diversified Materials | - | - | - | 0.05% | |
| Chemicals | - | 1.24% | - | - | |
| Chemicals | - | - | 1.24% | - | |
| Chemicals: Diversified | - | - | - | 0.80% | |
| Specialty Chemicals | - | - | - | 0.31% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.08% | |
| Fertilizers | - | - | - | 0.05% | |
| Utilities | 3.30% | - | - | - | |
| Utilities | - | 3.30% | - | - | |
| Gas, Water & Multi-utilities | - | - | 1.77% | - | |
| Multi-Utilities | - | - | - | 1.25% | |
| Water | - | - | - | 0.31% | |
| Gas Distribution | - | - | - | 0.21% | |
| Electricity | - | - | 1.45% | - | |
| Conventional Electricity | - | - | - | 1.25% | |
| Alternative Electricity | - | - | - | 0.21% | |
| Waste & Disposal Services | - | - | 0.07% | - | |
| Waste & Disposal Services | - | - | - | 0.07% | |
| Telecommunications | 3.14% | - | - | - | |
| Telecommunications | - | 3.14% | - | - | |
| Telecommunications Service Providers | - | - | 1.84% | - | |
| Telecommunications Services | - | - | - | 1.81% | |
| Cable Television Services | - | - | - | 0.03% | |
| Telecommunications Equipment | - | - | 1.30% | - | |
| Telecommunications Equipment | - | - | - | 1.30% | |
| Real Estate | 2.30% | - | - | - | |
| Real Estate | - | 2.30% | - | - | |
| Real Estate Investment Trusts | - | - | 1.66% | - | |
| Diversified REITs | - | - | - | 0.42% | |
| Industrial REITs | - | - | - | 0.33% | |
| Retail REITs | - | - | - | 0.27% | |
| Office REITs | - | - | - | 0.17% | |
| Residential REITs | - | - | - | 0.14% | |
| Timber REITs | - | - | - | 0.12% | |
| Storage REITs | - | - | - | 0.09% | |
| Health Care REITs | - | - | - | 0.07% | |
| Other Specialty REITs | - | - | - | 0.02% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Infrastructure REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.64% | - | |
| Real Estate Holding and Development | - | - | - | 0.57% | |
| Real Estate Services | - | - | - | 0.06% | |
| Non-Classified | 2.18% | - | - | - | |
| Non-Classified | - | 0.15% | - | - | |
| Non-Classified | - | - | 0.15% | - | |
| Non-Classified | - | - | - | 0.15% | |
| Bonds | 0.10% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| UK | 31.85% | |
| North America | 14.27% | |
| Developed Europe - Excl UK | 13.63% | |
| Emerging Asia | 13.22% | |
| Japan | 7.30% | |
| Cash and Equivalents | 7.27% | |
| Australia & New Zealand | 4.49% | |
| Non-Classified | 3.13% | |
| Developed Asia | 2.31% | |
| Other Regions | 2.53% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 92.62% | |
| Cash | 7.27% | |
| Euro | 0.07% | |
| Swiss Franc | 0.02% | |
| US Dollar | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 31.85% | - | |
United Kingdom
|
- | 31.98% | |
| North America | 14.27% | - | |
United States
|
- | 12.61% | |
Canada
|
- | 1.66% | |
| Developed Europe - Excl UK | 13.63% | - | |
Switzerland
|
- | 2.70% | |
France
|
- | 2.67% | |
Germany
|
- | 1.94% | |
Netherlands
|
- | 1.37% | |
Denmark
|
- | 1.00% | |
Spain
|
- | 0.92% | |
Ireland
|
- | 0.86% | |
Sweden
|
- | 0.83% | |
Italy
|
- | 0.53% | |
Finland
|
- | 0.28% | |
Belgium
|
- | 0.23% | |
Norway
|
- | 0.16% | |
Portugal
|
- | 0.11% | |
Luxembourg
|
- | 0.03% | |
Austria
|
- | 0.01% | |
| Emerging Asia | 13.22% | - | |
Taiwan
|
- | 6.07% | |
South Korea
|
- | 3.51% | |
China
|
- | 1.13% | |
India
|
- | 1.10% | |
Thailand
|
- | 0.65% | |
Malaysia
|
- | 0.63% | |
Indonesia
|
- | 0.08% | |
Philippines
|
- | 0.04% | |
| Japan | 7.30% | - | |
Japan
|
- | 7.30% | |
| Cash and Equivalents | 7.27% | - | |
| Australia & New Zealand | 4.49% | - | |
Australia
|
- | 4.20% | |
New Zealand
|
- | 0.25% | |
New Caledonia
|
- | 0.04% | |
| Non-Classified | 3.13% | - | |
| Developed Asia | 2.31% | - | |
Hong Kong
|
- | 1.52% | |
Singapore
|
- | 0.79% | |
| Property | 1.39% | - | |
| South & Central America | 0.40% | - | |
Brazil
|
- | 0.24% | |
Mexico
|
- | 0.11% | |
Chile
|
- | 0.04% | |
Colombia
|
- | 0.01% | |
| Emerging Europe | 0.37% | - | |
Turkey
|
- | 0.16% | |
Greece
|
- | 0.11% | |
Poland
|
- | 0.05% | |
Hungary
|
- | 0.03% | |
Czech Republic
|
- | 0.03% | |
Russian Federation
|
- | 0.00% | |
| Middle East & Africa | 0.36% | - | |
South Africa
|
- | 0.17% | |
United Arab Emirates
|
- | 0.10% | |
Israel
|
- | 0.07% | |
Saudi Arabia
|
- | 0.02% | |
Breakdown By Market Cap (%)
| Mega |
|
54.68% |
| Large |
|
20.22% |
| Medium |
|
7.91% |
| Small |
|
1.47% |
| Micro |
|
0.17% |
| Non-Classified |
|
8.17% |
| Bonds |
|
0.10% |
| Cash |
|
7.27% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 2.65% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | HSBC HOLDINGS | 2.37% | Banks | United Kingdom |
| 3 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.06% | Technology Hardware & Equipment | Taiwan |
| 4 | SHELL | 1.97% | Non-Renewable Energy | United Kingdom |
| 5 | UNILEVER | 1.75% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 6 | RELX | 1.30% | Media | United Kingdom |
| 7 | LONDON STOCK EXCHANGE GROUP | 1.22% | Finance & Credit Services | United Kingdom |
| 8 | DIAGEO | 1.11% | Beverages | United Kingdom |
| 9 | BP | 1.02% | Non-Renewable Energy | United Kingdom |
| 10 | NATIONAL GRID | 0.95% | Gas, Water & Multi-utilities | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.57% | 11.72% | - | - | - | - | - | - | 12.29% |
| Telecommunications | 0.46% | 2.68% | - | 0.07% | - | - | - | - | 3.21% |
| Financials | 7.42% | 11.92% | - | 0.02% | - | - | 0.78% | - | 20.15% |
| Real Estate | 0.19% | 0.86% | - | - | - | 1.25% | 0.01% | - | 2.31% |
| Consumer Discretionary | 3.91% | 6.77% | - | 0.01% | - | - | - | - | 10.69% |
| Consumer Staples | 5.31% | 3.03% | - | - | - | - | - | - | 8.34% |
| Energy | 3.11% | 2.04% | - | - | - | - | - | - | 5.15% |
| Utilities | 1.39% | 1.91% | - | - | - | - | - | - | 3.30% |
| Health Care | 3.51% | 5.10% | - | - | - | - | - | - | 8.60% |
| Industrials | 3.95% | 7.91% | - | - | - | - | - | - | 11.86% |
| Basic Materials | 2.04% | 2.62% | - | - | - | - | 0.01% | - | 4.66% |
| Cash and Equivalents | - | - | - | - | - | - | - | 7.27% | 7.27% |
| Non-Classified | 0.13% | 0.25% | - | - | - | 0.04% | 1.74% | - | 2.16% |
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 | 3168637 |
| Mex Code | PULTGR |
| Isin Code | GB0031686370 |
| Citi Code | P280 |
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 Long Term Growth Index Fund – the underlying fund. Underlying fund objective: The fund invests, primarily via other M&G funds, in the shares of UK and overseas companies. The fund is passively managed with a benchmark of 35% in UK equities and 65% in overseas equities. For the overseas shares the fund is passively managed against an internal composite benchmark asset allocation set by the M&G Treasury and Investment Office. The sub-funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their indices in order to meet their investment objectives. In addition to the fund’s objective, the Investment Manager aims to maximise the fund’s ESG characteristics by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well. Derivative instruments may be used for efficient portfolio management. Performance Objective: To provide a return that is in line with that of the benchmark. |
| Benchmark | Mix of FTSE and MSCI regional indices |
| ABI Sector | Global Equities |
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).
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.86 |
| Beta | 0.90 |
| Sharpe | 0.34 |
| Standard Deviation | 10.13 |
| Info Ratio | 0.02 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| 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 | 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).
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.
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
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 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.
Medium to Higher Risk
These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.
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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 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.