Prudential Long Term Growth Index 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 | -4.6% | 23.8% | -3.6% | 9.1% | 15.0% |
| Benchmark | -3.3% | 23.6% | -3.9% | 9.1% | 15.3% |
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 | 3.1% | 6.5% | 7.4% | 8.2% |
| Benchmark | 2.9% | 6.5% | 7.6% | 8.4% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 2.79 |
| HSBC HOLDINGS | 2.21 |
| SHELL | 2.17 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.04 |
| CME S&P EMI FUT Jun24 | 1.93 |
| UNILEVER | 1.47 |
| BP | 1.25 |
| SAMSUNG ELECTRONICS CO. LTD | 1.19 |
| RELX | 1.18 |
| DIAGEO | 1.10 |
| Total | 17.34 |
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 40% in UK equities and 60% 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 reflect a fundamental ESG approach 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.
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 (01/07/2024) | 514.60 |
| Fund size (31/05/2024) | £29.11m |
| Underlying Fund size | £37.25m |
| Number of holdings | 2307 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 30/04/2002 |
Asset Allocation
| International Equities | 56.27% | |
| UK Equities | 30.79% | |
| Cash and Equivalents | 8.46% | |
| Property | 1.29% | |
| Investment Trusts | 0.81% | |
| International Bonds | 0.11% | |
| Alternative Trading Strategies | 0.04% | |
| Other Assets | 2.23% |
Commentary
Performance as at Q1 2024 - The first quarter of the year saw further declines in inflation across most major economies. However, with inflation in many countries still above central banks' target levels, there was a shift in expectations regarding when central banks will begin to unwind the current tightening cycle. The UK stockmarket made a positive start to the year as share prices extended their recent advance. However, the UK continued to lag other regions and the global market index in the first quarter, as investor confidence was hurt by the poor economic outlook. Sectorwise, industrials led the way, while financials and healthcare also outperformed the broader market. In contrast, materials was the weakest sector. Real estate and utilities were notable laggards too. Meanwhile, large-cap stocks in the FTSE 100 Index outperformed smaller companies. Asia Pacific ex Japan lagged the FTSE World Index in the first quarter of 2024, largely due to the poor performance of China and Hong Kong. The region's largest stockmarket, China, got off to a shaky start to the quarter as investors continued to fret about weakness of its property sector. Another notable laggard was Thailand. Better-performing markets included Taiwan, South Korea and India. All three markets have significant technology exposure (particularly the first two) and benefited from the strength of this sector. India's stockmarket reached a record high during the quarter as economic growth in the final three months of 2023 came in above expectations. European equities rose for the second consecutive quarter. Decent corporate earnings, the continued gradual decline in inflation and expectations of interest rate cuts helped fuel investors' risk appetite. Information technology stocks led the way amid ongoing excitement about the potential of artificial intelligence (AI). Consumer discretionary and financial stocks also delivered returns ahead of the broader market. On the other hand, real estate and utilities, two sectors regarded as sensitive to interest rates, underperformed, along with consumer staples. Countrywise, Italy and the Netherlands were among the best performers, whereas Finland and Switzerland were among the weakest. US equities had a robust rally in the first quarter and outperformed the global market. The S&P 500 Index repeatedly hit record highs as share prices continued their upward momentum from the end of last year. Positive investor sentiment was supported by optimism about the US economy and the prospect of interest rate cuts. Continued excitement about AI also drove the market gains. Information technology stocks were among the best performers, although the market rally broadened beyond the technology sector, with energy and financial stocks also outperforming the wider market. In contrast, consumer discretionary, real estate and utilities were notable laggards. Canada's stockmarket also made a positive start to the year. The Japanese stockmarket rallied fiercely in the first quarter of 2024 in local currency terms, with the Nikkei 225 breaching 40,000 for the first time. Returns to sterling-based investors, though, were dampened somewhat by the weakness of the yen. Within the market, technology shares made big gains on the back of a positive earnings season. Around the middle of March, the Bank of Japan ended its negative interest rate policy and raised interest rates - the first time there has been an increase since 2007. Officials set a policy rate range of between 0% and 0.1%, saying its 2% inflation target had come into sight, but pledged to continue buying Japanese government bonds and said financial conditions would remain accommodative. The move was widely expected and came after workers at some of Japan's largest companies secured their biggest pay rise for many years.
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 | 56.27% | |
| UK Equities | 30.79% | |
| Cash and Equivalents | 8.46% | |
| Property | 1.29% | |
| Investment Trusts | 0.81% | |
| International Bonds | 0.11% | |
| Alternative Trading Strategies | 0.04% | |
| Other Assets | 2.23% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 18.80% | - | - | - | |
| Banks | - | 9.68% | - | - | |
| Banks | - | - | 9.68% | - | |
| Banks | - | - | - | 9.68% | |
| Financial Services | - | 5.63% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.42% | - | |
| Asset Managers & Custodians | - | - | - | 1.87% | |
| Investment Services | - | - | - | 1.11% | |
| Diversified Financial Services | - | - | - | 0.45% | |
| Finance & Credit Services | - | - | 1.39% | - | |
| Financial Data & Systems | - | - | - | 1.27% | |
| Consumer Lending | - | - | - | 0.12% | |
| Equity Investment Instruments | - | - | 0.82% | - | |
| Equity Investment Instruments | - | - | - | 0.82% | |
| Insurance | - | 3.48% | - | - | |
| Life Insurance | - | - | 1.80% | - | |
| Life Insurance | - | - | - | 1.80% | |
| Non-life Insurance | - | - | 1.68% | - | |
| Full Line Insurance | - | - | - | 0.74% | |
| Property & Casualty Insurance | - | - | - | 0.61% | |
| Reinsurance | - | - | - | 0.20% | |
| Insurance Brokers | - | - | - | 0.13% | |
| Industrials | 12.09% | - | - | - | |
| Industrial Goods & Services | - | 10.60% | - | - | |
| Aerospace & Defence | - | - | 2.01% | - | |
| Aerospace | - | - | - | 1.04% | |
| Defense | - | - | - | 0.98% | |
| General Industrials | - | - | 2.01% | - | |
| Diversified Industrials | - | - | - | 1.15% | |
| Containers & Packaging | - | - | - | 0.65% | |
| Plastics | - | - | - | 0.10% | |
| Paints & Coatings | - | - | - | 0.09% | |
| Glass | - | - | - | 0.02% | |
| Industrial Support Services | - | - | 1.95% | - | |
| Professional Business Support Services | - | - | - | 0.96% | |
| Transaction Processing Services | - | - | - | 0.44% | |
| Industrial Suppliers | - | - | - | 0.32% | |
| Business Training & Employment Agencies | - | - | - | 0.12% | |
| Forms & Bulk Printing Services | - | - | - | 0.06% | |
| Security Services | - | - | - | 0.05% | |
| Electronic & Electrical Equipment | - | - | 1.67% | - | |
| Electrical Components | - | - | - | 1.21% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.24% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.13% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.07% | |
| Electronic Equipment: Other | - | - | - | 0.03% | |
| Industrial Transportation | - | - | 1.51% | - | |
| Marine Transportation | - | - | - | 0.50% | |
| Transportation Services | - | - | - | 0.35% | |
| Railroads | - | - | - | 0.25% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.25% | |
| Delivery Services | - | - | - | 0.12% | |
| Trucking | - | - | - | 0.02% | |
| Commercial Vehicles & Parts | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 1.45% | - | |
| Machinery: Construction & Handling | - | - | - | 0.51% | |
| Machinery: Industrial | - | - | - | 0.39% | |
| Machinery: Tools | - | - | - | 0.23% | |
| Machinery: Engines | - | - | - | 0.21% | |
| Machinery: Agricultural | - | - | - | 0.10% | |
| Machinery: Specialty | - | - | - | 0.02% | |
| Construction & Materials | - | 1.49% | - | - | |
| Construction & Materials | - | - | 1.49% | - | |
| Construction | - | - | - | 0.64% | |
| Building Materials: Other | - | - | - | 0.39% | |
| Building: Climate Control | - | - | - | 0.19% | |
| Cement | - | - | - | 0.16% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.06% | |
| Engineering & Contracting Services | - | - | - | 0.05% | |
| Technology | 11.89% | - | - | - | |
| Technology | - | 11.89% | - | - | |
| Technology Hardware & Equipment | - | - | 7.89% | - | |
| Semiconductors | - | - | - | 4.50% | |
| Production Technology Equipment | - | - | - | 1.34% | |
| Computer Hardware | - | - | - | 1.22% | |
| Electronic Components | - | - | - | 0.70% | |
| Electronic Office Equipment | - | - | - | 0.13% | |
| Software & Computer Services | - | - | 4.00% | - | |
| Consumer Digital Services | - | - | - | 1.74% | |
| Software | - | - | - | 1.60% | |
| Computer Services | - | - | - | 0.65% | |
| Consumer Discretionary | 10.72% | - | - | - | |
| Consumer Products & Services | - | 3.05% | - | - | |
| Personal Goods | - | - | 1.22% | - | |
| Clothing & Accessories | - | - | - | 0.62% | |
| Cosmetics | - | - | - | 0.30% | |
| Luxury Items | - | - | - | 0.19% | |
| Footwear | - | - | - | 0.12% | |
| Household Goods & Home Construction | - | - | 0.76% | - | |
| Home Construction | - | - | - | 0.54% | |
| Household Appliance | - | - | - | 0.22% | |
| Household Furnishings | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.70% | - | |
| Vending & Catering Service | - | - | - | 0.63% | |
| Consumer Services: Misc. | - | - | - | 0.06% | |
| Education Services | - | - | - | 0.01% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.01% | |
| Leisure Goods | - | - | 0.36% | - | |
| Consumer Electronics | - | - | - | 0.24% | |
| Electronic Entertainment | - | - | - | 0.11% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Retail | - | 2.26% | - | - | |
| Retailers | - | - | 2.26% | - | |
| Diversified Retailers | - | - | - | 1.21% | |
| Apparel Retailers | - | - | - | 0.56% | |
| Specialty Retailers | - | - | - | 0.29% | |
| Home Improvement Retailers | - | - | - | 0.19% | |
| Media | - | 2.19% | - | - | |
| Media | - | - | 2.19% | - | |
| Publishing | - | - | - | 1.53% | |
| Media Agencies | - | - | - | 0.51% | |
| Entertainment | - | - | - | 0.10% | |
| Radio & TV Broadcasters | - | - | - | 0.06% | |
| Automobiles & Parts | - | 1.89% | - | - | |
| Automobiles & Parts | - | - | 1.89% | - | |
| Automobiles | - | - | - | 1.63% | |
| Auto Parts | - | - | - | 0.22% | |
| Tires | - | - | - | 0.03% | |
| Travel & Leisure | - | 1.34% | - | - | |
| Travel & Leisure | - | - | 1.34% | - | |
| Hotels & Motels | - | - | - | 0.48% | |
| Restaurants & Bars | - | - | - | 0.42% | |
| Airlines | - | - | - | 0.20% | |
| Travel & Tourism | - | - | - | 0.16% | |
| Recreational Services | - | - | - | 0.08% | |
| Health Care | 8.63% | - | - | - | |
| Health Care | - | 8.63% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 6.94% | - | |
| Pharmaceuticals | - | - | - | 6.67% | |
| Biotechnology | - | - | - | 0.27% | |
| Medical Equipment & Services | - | - | 1.34% | - | |
| Medical Equipment | - | - | - | 0.94% | |
| Medical Supplies | - | - | - | 0.38% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.35% | - | |
| Health Care Management Services | - | - | - | 0.27% | |
| Health Care Facilities | - | - | - | 0.08% | |
| Health Care Services | - | - | - | 0.00% | |
| Cash and Equivalents | 8.46% | - | - | - | |
| Consumer Staples | 7.78% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.00% | - | - | |
| Beverages | - | - | 2.27% | - | |
| Distillers & Vintners | - | - | - | 1.23% | |
| Soft Drinks | - | - | - | 0.76% | |
| Brewers | - | - | - | 0.28% | |
| Food Producers | - | - | 1.73% | - | |
| Food Products | - | - | - | 1.68% | |
| Fruit & Grain Processing | - | - | - | 0.03% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.01% | |
| Personal Care, Drug & Grocery Stores | - | 3.78% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 3.78% | - | |
| Personal Products | - | - | - | 1.78% | |
| Food Retailers & Wholesalers | - | - | - | 1.11% | |
| Nondurable Household Products | - | - | - | 0.79% | |
| Drug Retailers | - | - | - | 0.11% | |
| Energy | 5.75% | - | - | - | |
| Energy | - | 5.75% | - | - | |
| Non-Renewable Energy | - | - | 5.70% | - | |
| Integrated Oil & Gas | - | - | - | 4.32% | |
| Oil: Crude Producers | - | - | - | 0.67% | |
| Oil Refining and Marketing | - | - | - | 0.41% | |
| Oil Equipment & Services | - | - | - | 0.17% | |
| Pipelines | - | - | - | 0.13% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.05% | - | |
| Renewable Energy Equipment | - | - | - | 0.05% | |
| Alternative Fuels | - | - | - | 0.00% | |
| Basic Materials | 4.71% | - | - | - | |
| Basic Resources | - | 3.46% | - | - | |
| Industrial Metals & Mining | - | - | 3.00% | - | |
| General Mining | - | - | - | 2.08% | |
| Copper | - | - | - | 0.34% | |
| Iron & Steel | - | - | - | 0.31% | |
| Aluminum | - | - | - | 0.11% | |
| Metal Fabricating | - | - | - | 0.11% | |
| Nonferrous Metals | - | - | - | 0.04% | |
| Precious Metals & Mining | - | - | 0.32% | - | |
| Gold Mining | - | - | - | 0.29% | |
| Platinum & Precious Metals | - | - | - | 0.03% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.14% | - | |
| Paper | - | - | - | 0.10% | |
| Diversified Materials | - | - | - | 0.04% | |
| Chemicals | - | 1.24% | - | - | |
| Chemicals | - | - | 1.24% | - | |
| Chemicals: Diversified | - | - | - | 0.77% | |
| Specialty Chemicals | - | - | - | 0.36% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.06% | |
| Fertilizers | - | - | - | 0.05% | |
| Telecommunications | 3.36% | - | - | - | |
| Telecommunications | - | 3.36% | - | - | |
| Telecommunications Service Providers | - | - | 1.72% | - | |
| Telecommunications Services | - | - | - | 1.69% | |
| Cable Television Services | - | - | - | 0.03% | |
| Telecommunications Equipment | - | - | 1.64% | - | |
| Telecommunications Equipment | - | - | - | 1.64% | |
| Utilities | 2.83% | - | - | - | |
| Utilities | - | 2.83% | - | - | |
| Electricity | - | - | 1.46% | - | |
| Conventional Electricity | - | - | - | 1.15% | |
| Alternative Electricity | - | - | - | 0.31% | |
| Gas, Water & Multi-utilities | - | - | 1.30% | - | |
| Multi-Utilities | - | - | - | 0.85% | |
| Water | - | - | - | 0.25% | |
| Gas Distribution | - | - | - | 0.20% | |
| Waste & Disposal Services | - | - | 0.06% | - | |
| Waste & Disposal Services | - | - | - | 0.06% | |
| Non-Classified | 2.51% | - | - | - | |
| Non-Classified | - | 0.12% | - | - | |
| Non-Classified | - | - | 0.12% | - | |
| Non-Classified | - | - | - | 0.12% | |
| Real Estate | 2.33% | - | - | - | |
| Real Estate | - | 2.33% | - | - | |
| Real Estate Investment Trusts | - | - | 1.64% | - | |
| Diversified REITs | - | - | - | 0.44% | |
| Industrial REITs | - | - | - | 0.36% | |
| Residential REITs | - | - | - | 0.19% | |
| Retail REITs | - | - | - | 0.18% | |
| Office REITs | - | - | - | 0.15% | |
| Timber REITs | - | - | - | 0.10% | |
| Storage REITs | - | - | - | 0.09% | |
| Health Care REITs | - | - | - | 0.08% | |
| Other Specialty REITs | - | - | - | 0.04% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Real Estate Investment & Services | - | - | 0.69% | - | |
| Real Estate Holding and Development | - | - | - | 0.61% | |
| Real Estate Services | - | - | - | 0.08% | |
| Bonds | 0.11% | - | - | - | |
| Alternative Trading Strategies | 0.04% | - | - | - | |
| Alternative Trading Strategies | - | 0.04% | - | - | |
| Alternative Trading Strategies | - | - | 0.04% | - | |
| Alternative Trading Strategies | - | - | - | 0.04% | |
Regional Allocation
| UK | 30.71% | |
| Developed Europe - Excl UK | 14.07% | |
| North America | 13.87% | |
| Emerging Asia | 12.98% | |
| Cash and Equivalents | 8.46% | |
| Japan | 6.92% | |
| Australia & New Zealand | 4.51% | |
| Non-Classified | 3.54% | |
| Developed Asia | 2.32% | |
| Other Regions | 2.63% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 91.43% | |
| Cash | 8.46% | |
| Euro | 0.08% | |
| US Dollar | 0.02% | |
| Swiss Franc | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 30.71% | - | |
United Kingdom
|
- | 30.83% | |
| Developed Europe - Excl UK | 14.07% | - | |
France
|
- | 2.80% | |
Switzerland
|
- | 2.70% | |
Germany
|
- | 1.85% | |
Netherlands
|
- | 1.51% | |
Ireland
|
- | 1.04% | |
Denmark
|
- | 1.03% | |
Spain
|
- | 0.88% | |
Sweden
|
- | 0.85% | |
Italy
|
- | 0.54% | |
Finland
|
- | 0.30% | |
Belgium
|
- | 0.28% | |
Norway
|
- | 0.14% | |
Portugal
|
- | 0.10% | |
Luxembourg
|
- | 0.03% | |
Austria
|
- | 0.01% | |
| North America | 13.87% | - | |
United States
|
- | 12.30% | |
Canada
|
- | 1.57% | |
| Emerging Asia | 12.98% | - | |
Taiwan
|
- | 5.71% | |
South Korea
|
- | 3.88% | |
China
|
- | 1.16% | |
India
|
- | 1.07% | |
Malaysia
|
- | 0.56% | |
Thailand
|
- | 0.47% | |
Indonesia
|
- | 0.09% | |
Philippines
|
- | 0.04% | |
| Cash and Equivalents | 8.46% | - | |
| Japan | 6.92% | - | |
Japan
|
- | 6.92% | |
| Australia & New Zealand | 4.51% | - | |
Australia
|
- | 4.11% | |
New Zealand
|
- | 0.37% | |
New Caledonia
|
- | 0.03% | |
| Non-Classified | 3.54% | - | |
| Developed Asia | 2.32% | - | |
Hong Kong
|
- | 1.52% | |
Singapore
|
- | 0.80% | |
| Property | 1.37% | - | |
| South & Central America | 0.48% | - | |
Brazil
|
- | 0.29% | |
Mexico
|
- | 0.13% | |
Chile
|
- | 0.04% | |
Colombia
|
- | 0.02% | |
Cayman Islands
|
- | 0.00% | |
| Emerging Europe | 0.46% | - | |
Turkey
|
- | 0.22% | |
Greece
|
- | 0.12% | |
Poland
|
- | 0.06% | |
Hungary
|
- | 0.04% | |
Czech Republic
|
- | 0.02% | |
Russian Federation
|
- | 0.00% | |
| Middle East & Africa | 0.32% | - | |
South Africa
|
- | 0.14% | |
United Arab Emirates
|
- | 0.10% | |
Israel
|
- | 0.07% | |
Saudi Arabia
|
- | 0.02% | |
Breakdown By Market Cap (%)
| Mega |
|
53.09% |
| Large |
|
20.31% |
| Medium |
|
7.45% |
| Small |
|
1.48% |
| Micro |
|
0.18% |
| Non-Classified |
|
8.91% |
| Bonds |
|
0.11% |
| Cash |
|
8.46% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 2.79% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | HSBC HOLDINGS | 2.21% | Banks | United Kingdom |
| 3 | SHELL | 2.17% | Non-Renewable Energy | United Kingdom |
| 4 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.04% | Technology Hardware & Equipment | Taiwan |
| 5 | CME S&P EMI FUT Jun24 | 1.93% | Non-Classified | Non-Classified |
| 6 | UNILEVER | 1.47% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 7 | BP | 1.25% | Non-Renewable Energy | United Kingdom |
| 8 | SAMSUNG ELECTRONICS CO. LTD | 1.19% | Telecommunications Equipment | South Korea |
| 9 | RELX | 1.18% | Media | United Kingdom |
| 10 | DIAGEO | 1.10% | Beverages | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.53% | 11.36% | - | - | - | - | - | - | 11.89% |
| Telecommunications | 0.43% | 2.93% | - | 0.08% | - | - | - | - | 3.43% |
| Financials | 6.78% | 11.21% | - | 0.02% | - | - | 0.81% | - | 18.81% |
| Real Estate | 0.21% | 0.87% | - | - | - | 1.25% | - | - | 2.34% |
| Consumer Discretionary | 3.88% | 6.84% | - | 0.02% | - | - | - | - | 10.73% |
| Consumer Staples | 4.72% | 3.06% | - | - | - | - | - | - | 7.78% |
| Energy | 3.56% | 2.19% | - | - | - | - | - | - | 5.75% |
| Utilities | 0.95% | 1.88% | - | - | - | - | 0.03% | - | 2.86% |
| Health Care | 3.70% | 4.93% | - | - | - | - | - | - | 8.63% |
| Industrials | 3.86% | 8.24% | - | - | - | - | - | - | 12.09% |
| Basic Materials | 2.08% | 2.63% | - | - | - | - | 0.01% | - | 4.72% |
| Cash and Equivalents | - | - | - | - | - | - | - | 8.46% | 8.46% |
| Non-Classified | 0.12% | 0.13% | - | - | - | 0.03% | 2.22% | - | 2.50% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 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 40% in UK equities and 60% 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 reflect a fundamental ESG approach 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. Performance Objective: To provide a return that is in line with that of the benchmark. |
| Benchmark | Mix of FTSE and MSCI regional indices |
| Sector | ABI 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).
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 | 0.31 |
| Beta | 0.91 |
| Sharpe | 0.28 |
| Standard Deviation | 10.26 |
| Info Ratio | -0.08 |
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.
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
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.