Prudential Cash S3
Performance
Discrete performance - to latest available quarter end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 0.1% | 0.1% | 2.2% | 5.0% | 5.1% |
| Benchmark | -0.1% | 0.1% | 2.2% | 4.9% | 4.9% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 1 2025 |
3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
|
| Fund | 1.2% | 4.1% | 2.5% | 1.5% |
| Benchmark | 1.1% | 4.0% | 2.4% | 1.4% |
Holdings
| Stock | % Weight |
|---|---|
| HSBC BANK PLC | 30.05 |
| M + G INVESTMENT MANAGEMENT LI | 29.71 |
| M + G INVESTMENT MANAGEMENT LI | 29.71 |
| Cash | 10.52 |
| Total | 100.00 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Cash Fund - the underlying fund. Underlying Fund Objective: The fund invests in both secured (reverse repurchase agreements) and unsecured interest bearing deposits, as well as short-term UK Government bonds and Certificates of Deposit. It is actively managed against its benchmark, the Sterling Overnight Index Average 1 Week.
Performance Objective: To perform in line with the benchmark before charges on a rolling three year basis.
Fund Manager
M&G Cash and Currency is responsible for cash management on behalf of shareholder and policyholder businesses including life, pension and annuity companies, retail funds and institutional clients. They are also the Fund manager for Prudential’s Life & Pension cash funds within the ABI Treasury & Deposit sector.
Fund Overview
| Daily price (28/04/2025) | 176.50 |
| Fund size (28/02/2025) | £237.58m |
| Underlying Fund size | £296.15m |
| Number of holdings | 5 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 06/04/2001 |
Asset Allocation
| Cash and Equivalents | 100.00% |
Commentary
Performance as at Q4 2024 - During the fourth quarter of 2024, the performance of the fund was in line with its benchmark, the Sterling Overnight Index Average (SONIA) 1 Week. The fund is primarily invested in reverse repurchase agreements (or 'reverse repos'), which provide collateral (typically short-term gilts) against cash deposits made by the fund. As with short-term money market deposits, reverse repos are transacted with banks from M&G's counterparty credit risk panel. At the end of this quarter, the fund's assets remained invested in reverse repos with a maturity of no more than one month.
Source: M&G
Important Information
If you take more money from the plan than the amount your investment has grown by, the value of your investment will be less than you've put in.
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.
