PIA Managed Defensive EUR Ser B
Performance
Discrete performance - to last month end
| 31/10/19 to 31/10/20 |
31/10/20 to 31/10/21 |
31/10/21 to 31/10/22 |
31/10/22 to 31/10/23 |
31/10/23 to 31/10/24 |
|
|---|---|---|---|---|---|
| Fund | -4.0% | 6.7% | -12.8% | 1.0% | 8.8% |
| Sector | -1.9% | 9.9% | -8.3% | -2.3% | 11.6% |
| Rank | 81/120 | 97/144 | 99/152 | 27/153 | 133/161 |
| Quartile | 3 | 3 | 3 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/10/24 |
5 Years to 31/10/24 |
10 Years to 31/10/24 |
||
| Fund | -1.4% | -0.4% | 0.6% | |
| Sector | 0.0% | 1.5% | 2.0% | |
| Rank | 115/152 | 104/120 | 36/43 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BlackRock (Lux) iShares Euro Government Bond Index Class D2 | 8.93 |
| GBP FWD ASSET 28 OCT 2024 | 1.50 |
| GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 | 1.47 |
| PORTLAND RIDING ESTATE 80 92 | 0.82 |
| MEDWAY VALLEY LEISURE PARK ROC | 0.69 |
| BNP PARIBAS LONDON BRANCH | 0.62 |
| GERMANY (FEDERAL REPUBLIC OF) 1% 15/05/2038 | 0.61 |
| 3 TEMPLE QUAY BRISTOL | 0.61 |
| FREMLIN WALK | 0.54 |
| GERMANY (FEDERAL REPUBLIC OF) 0% 15/08/2026 | 0.49 |
| Total | 16.28 |
Fund Aims
Objective: The fund aims to achieve long-term growth from a mixture of income and capital whilst seeking to limit the level of capital volatility.
Fund Investments: The fund invests in a portfolio of international equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro.
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
| Bid (13/11/2024) | 1.34 |
| Offer (13/11/2024) | 1.41 |
| Fund size (30/09/2024) | €0.48m |
| Number of holdings | 3377 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.40% |
| Further Costs | 0.30% |
| Yearly Total | 1.70% |
Asset Allocation
| International Bonds | 59.98% | |
| International Equities | 13.78% | |
| Property | 6.49% | |
| UK Corporate Bonds | 5.31% | |
| UK Equities | 4.23% | |
| Cash and Equivalents | 3.96% | |
| Alternative Trading Strategies | 1.66% | |
| UK Gilts | 0.44% | |
| Investment Trusts | 0.03% | |
| Other Assets | 4.11% |
Commentary
Not currently available.
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 product charges, or 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 the fund's currency of denomination 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 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.
Asset Allocation
| International Bonds | 59.98% | |
| International Equities | 13.78% | |
| Property | 6.49% | |
| UK Corporate Bonds | 5.31% | |
| UK Equities | 4.23% | |
| Cash and Equivalents | 3.96% | |
| Alternative Trading Strategies | 1.66% | |
| UK Gilts | 0.44% | |
| Investment Trusts | 0.03% | |
| Other Assets | 4.11% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 65.73% | - | - | - | |
| Property | 6.28% | - | - | - | |
| Property | - | 6.28% | - | - | |
| Property | - | - | 6.28% | - | |
| Property | - | - | - | 6.28% | |
| Non-Classified | 4.18% | - | - | - | |
| Non-Classified | - | 1.01% | - | - | |
| Non-Classified | - | - | 1.01% | - | |
| Non-Classified | - | - | - | 1.01% | |
| Cash and Equivalents | 3.96% | - | - | - | |
| Financials | 3.60% | - | - | - | |
| Banks | - | 1.77% | - | - | |
| Banks | - | - | 1.77% | - | |
| Banks | - | - | - | 1.77% | |
| Financial Services | - | 0.93% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.73% | - | |
| Asset Managers & Custodians | - | - | - | 0.52% | |
| Diversified Financial Services | - | - | - | 0.15% | |
| Investment Services | - | - | - | 0.07% | |
| Finance & Credit Services | - | - | 0.17% | - | |
| Financial Data & Systems | - | - | - | 0.13% | |
| Mortgage Finance | - | - | - | 0.02% | |
| Consumer Lending | - | - | - | 0.02% | |
| Equity Investment Instruments | - | - | 0.03% | - | |
| Equity Investment Instruments | - | - | - | 0.03% | |
| Nonequity Investment Instruments | - | - | 0.00% | - | |
| Nonequity Investment Instruments | - | - | - | 0.00% | |
| Insurance | - | 0.91% | - | - | |
| Non-life Insurance | - | - | 0.68% | - | |
| Full Line Insurance | - | - | - | 0.37% | |
| Reinsurance | - | - | - | 0.20% | |
| Property & Casualty Insurance | - | - | - | 0.08% | |
| Insurance Brokers | - | - | - | 0.04% | |
| Life Insurance | - | - | 0.22% | - | |
| Life Insurance | - | - | - | 0.22% | |
| Industrials | 2.93% | - | - | - | |
| Industrial Goods & Services | - | 2.39% | - | - | |
| Industrial Support Services | - | - | 0.62% | - | |
| Professional Business Support Services | - | - | - | 0.17% | |
| Security Services | - | - | - | 0.17% | |
| Industrial Suppliers | - | - | - | 0.15% | |
| Transaction Processing Services | - | - | - | 0.10% | |
| Business Training & Employment Agencies | - | - | - | 0.03% | |
| General Industrials | - | - | 0.50% | - | |
| Diversified Industrials | - | - | - | 0.44% | |
| Containers & Packaging | - | - | - | 0.06% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Industrial Transportation | - | - | 0.39% | - | |
| Commercial Vehicles & Parts | - | - | - | 0.14% | |
| Railroads | - | - | - | 0.11% | |
| Transportation Services | - | - | - | 0.05% | |
| Marine Transportation | - | - | - | 0.05% | |
| Delivery Services | - | - | - | 0.03% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 0.35% | - | |
| Defense | - | - | - | 0.24% | |
| Aerospace | - | - | - | 0.10% | |
| Electronic & Electrical Equipment | - | - | 0.28% | - | |
| Electrical Components | - | - | - | 0.19% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.04% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.03% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.03% | |
| Industrial Engineering | - | - | 0.25% | - | |
| Machinery: Construction & Handling | - | - | - | 0.10% | |
| Machinery: Engines | - | - | - | 0.06% | |
| Machinery: Tools | - | - | - | 0.05% | |
| Machinery: Industrial | - | - | - | 0.04% | |
| Machinery: Specialty | - | - | - | 0.00% | |
| Construction & Materials | - | 0.53% | - | - | |
| Construction & Materials | - | - | 0.53% | - | |
| Building Materials: Other | - | - | - | 0.24% | |
| Cement | - | - | - | 0.15% | |
| Construction | - | - | - | 0.10% | |
| Building: Climate Control | - | - | - | 0.03% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.01% | |
| Engineering & Contracting Services | - | - | - | 0.00% | |
| Health Care | 2.43% | - | - | - | |
| Health Care | - | 2.43% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.07% | - | |
| Pharmaceuticals | - | - | - | 2.02% | |
| Biotechnology | - | - | - | 0.05% | |
| Medical Equipment & Services | - | - | 0.30% | - | |
| Medical Equipment | - | - | - | 0.25% | |
| Medical Supplies | - | - | - | 0.05% | |
| Health Care Providers | - | - | 0.06% | - | |
| Health Care Management Services | - | - | - | 0.06% | |
| Consumer Discretionary | 2.36% | - | - | - | |
| Retail | - | 0.87% | - | - | |
| Retailers | - | - | 0.87% | - | |
| Specialty Retailers | - | - | - | 0.29% | |
| Apparel Retailers | - | - | - | 0.29% | |
| Diversified Retailers | - | - | - | 0.24% | |
| Home Improvement Retailers | - | - | - | 0.05% | |
| Media | - | 0.47% | - | - | |
| Media | - | - | 0.47% | - | |
| Radio & TV Broadcasters | - | - | - | 0.18% | |
| Media Agencies | - | - | - | 0.14% | |
| Publishing | - | - | - | 0.14% | |
| Entertainment | - | - | - | 0.01% | |
| Consumer Products & Services | - | 0.45% | - | - | |
| Personal Goods | - | - | 0.24% | - | |
| Clothing & Accessories | - | - | - | 0.12% | |
| Cosmetics | - | - | - | 0.05% | |
| Luxury Items | - | - | - | 0.05% | |
| Footwear | - | - | - | 0.02% | |
| Household Goods & Home Construction | - | - | 0.11% | - | |
| Home Construction | - | - | - | 0.11% | |
| Household Appliance | - | - | - | 0.00% | |
| Household Furnishings | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.08% | - | |
| Vending & Catering Service | - | - | - | 0.06% | |
| Consumer Services: Misc. | - | - | - | 0.02% | |
| Leisure Goods | - | - | 0.01% | - | |
| Toys | - | - | - | 0.01% | |
| Electronic Entertainment | - | - | - | 0.00% | |
| Consumer Electronics | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.29% | - | - | |
| Travel & Leisure | - | - | 0.29% | - | |
| Airlines | - | - | - | 0.12% | |
| Restaurants & Bars | - | - | - | 0.08% | |
| Hotels & Motels | - | - | - | 0.06% | |
| Travel & Tourism | - | - | - | 0.02% | |
| Casinos & Gambling | - | - | - | 0.00% | |
| Recreational Services | - | - | - | 0.00% | |
| Automobiles & Parts | - | 0.28% | - | - | |
| Automobiles & Parts | - | - | 0.28% | - | |
| Automobiles | - | - | - | 0.27% | |
| Auto Parts | - | - | - | 0.01% | |
| Technology | 1.76% | - | - | - | |
| Technology | - | 1.76% | - | - | |
| Software & Computer Services | - | - | 0.95% | - | |
| Software | - | - | - | 0.59% | |
| Consumer Digital Services | - | - | - | 0.27% | |
| Computer Services | - | - | - | 0.09% | |
| Technology Hardware & Equipment | - | - | 0.81% | - | |
| Semiconductors | - | - | - | 0.39% | |
| Computer Hardware | - | - | - | 0.25% | |
| Production Technology Equipment | - | - | - | 0.17% | |
| Electronic Components | - | - | - | 0.00% | |
| Alternative Trading Strategies | 1.66% | - | - | - | |
| Alternative Trading Strategies | - | 1.66% | - | - | |
| Alternative Trading Strategies | - | - | 1.66% | - | |
| Alternative Trading Strategies | - | - | - | 1.66% | |
| Consumer Staples | 1.39% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 0.83% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.83% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.58% | |
| Personal Products | - | - | - | 0.19% | |
| Nondurable Household Products | - | - | - | 0.05% | |
| Drug Retailers | - | - | - | 0.00% | |
| Food, Beverage & Tobacco | - | 0.56% | - | - | |
| Food Producers | - | - | 0.33% | - | |
| Food Products | - | - | - | 0.33% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Beverages | - | - | 0.23% | - | |
| Soft Drinks | - | - | - | 0.13% | |
| Distillers & Vintners | - | - | - | 0.07% | |
| Brewers | - | - | - | 0.03% | |
| Energy | 1.06% | - | - | - | |
| Energy | - | 1.06% | - | - | |
| Non-Renewable Energy | - | - | 1.03% | - | |
| Integrated Oil & Gas | - | - | - | 0.79% | |
| Oil Equipment & Services | - | - | - | 0.18% | |
| Oil: Crude Producers | - | - | - | 0.04% | |
| Oil Refining and Marketing | - | - | - | 0.01% | |
| Pipelines | - | - | - | 0.00% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.03% | - | |
| Renewable Energy Equipment | - | - | - | 0.03% | |
| Basic Materials | 1.04% | - | - | - | |
| Basic Resources | - | 0.67% | - | - | |
| Industrial Metals & Mining | - | - | 0.48% | - | |
| Iron & Steel | - | - | - | 0.33% | |
| General Mining | - | - | - | 0.10% | |
| Copper | - | - | - | 0.02% | |
| Metal Fabricating | - | - | - | 0.01% | |
| Aluminum | - | - | - | 0.01% | |
| Industrial Materials | - | - | 0.15% | - | |
| Paper | - | - | - | 0.14% | |
| Diversified Materials | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.04% | - | |
| Gold Mining | - | - | - | 0.04% | |
| Platinum & Precious Metals | - | - | - | 0.00% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Chemicals | - | 0.37% | - | - | |
| Chemicals | - | - | 0.37% | - | |
| Chemicals: Diversified | - | - | - | 0.25% | |
| Specialty Chemicals | - | - | - | 0.07% | |
| Fertilizers | - | - | - | 0.04% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.00% | |
| Utilities | 0.68% | - | - | - | |
| Utilities | - | 0.68% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.44% | - | |
| Multi-Utilities | - | - | - | 0.40% | |
| Water | - | - | - | 0.04% | |
| Electricity | - | - | 0.25% | - | |
| Conventional Electricity | - | - | - | 0.23% | |
| Alternative Electricity | - | - | - | 0.01% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Telecommunications | 0.48% | - | - | - | |
| Telecommunications | - | 0.48% | - | - | |
| Telecommunications Service Providers | - | - | 0.29% | - | |
| Telecommunications Services | - | - | - | 0.29% | |
| Cable Television Services | - | - | - | 0.00% | |
| Telecommunications Equipment | - | - | 0.19% | - | |
| Telecommunications Equipment | - | - | - | 0.19% | |
| Real Estate | 0.46% | - | - | - | |
| Real Estate | - | 0.46% | - | - | |
| Real Estate Investment Trusts | - | - | 0.31% | - | |
| Industrial REITs | - | - | - | 0.06% | |
| Diversified REITs | - | - | - | 0.06% | |
| Residential REITs | - | - | - | 0.05% | |
| Office REITs | - | - | - | 0.04% | |
| Retail REITs | - | - | - | 0.03% | |
| Timber REITs | - | - | - | 0.03% | |
| Storage REITs | - | - | - | 0.03% | |
| Health Care REITs | - | - | - | 0.02% | |
| Other Specialty REITs | - | - | - | 0.01% | |
| Infrastructure REITs | - | - | - | 0.00% | |
| Hotel & Lodging REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.15% | - | |
| Real Estate Holding and Development | - | - | - | 0.12% | |
| Real Estate Services | - | - | - | 0.02% | |
Regional Allocation
| Developed Europe - Excl UK | 41.49% | |
| North America | 17.77% | |
| UK | 10.01% | |
| Non-Classified | 18.73% | |
| Property | 6.51% | |
| Cash and Equivalents | 3.96% | |
| Australia & New Zealand | 0.89% | |
| Japan | 0.37% | |
| South & Central America | 0.12% | |
| Other Regions | 0.17% |
Fixed Interest Currencies
| Euro | 38.91% | |
| Non-Fixed Interest Assets | 34.13% | |
| Pound Sterling | 9.00% | |
| Unrecognised | 8.93% | |
| US Dollar | 8.84% | |
| Cash | 0.14% | |
| Other Currencies | 0.05% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 41.49% | - | |
France
|
- | 10.11% | |
Germany
|
- | 8.89% | |
Netherlands
|
- | 5.27% | |
Italy
|
- | 2.42% | |
Luxembourg
|
- | 2.31% | |
Spain
|
- | 2.25% | |
Switzerland
|
- | 2.03% | |
Sweden
|
- | 1.59% | |
Belgium
|
- | 1.51% | |
Finland
|
- | 1.09% | |
Denmark
|
- | 0.95% | |
Ireland
|
- | 0.87% | |
Norway
|
- | 0.78% | |
Austria
|
- | 0.61% | |
Iceland
|
- | 0.60% | |
Portugal
|
- | 0.20% | |
| North America | 17.77% | - | |
United States
|
- | 16.92% | |
Canada
|
- | 0.84% | |
| UK | 10.01% | - | |
United Kingdom
|
- | 10.02% | |
| Non-Classified | 18.73% | - | |
| Property | 6.51% | - | |
| Cash and Equivalents | 3.96% | - | |
| Australia & New Zealand | 0.89% | - | |
Australia
|
- | 0.66% | |
New Zealand
|
- | 0.23% | |
| Japan | 0.37% | - | |
Japan
|
- | 0.37% | |
| South & Central America | 0.12% | - | |
Mexico
|
- | 0.11% | |
Brazil
|
- | 0.00% | |
| Emerging Asia | 0.07% | - | |
Philippines
|
- | 0.07% | |
| Emerging Europe | 0.06% | - | |
Turkey
|
- | 0.03% | |
Poland
|
- | 0.01% | |
Greece
|
- | 0.01% | |
Hungary
|
- | 0.00% | |
Czech Republic
|
- | 0.00% | |
| Middle East & Africa | 0.03% | - | |
United Arab Emirates
|
- | 0.02% | |
Israel
|
- | 0.00% | |
| Developed Asia | 0.01% | - | |
Singapore
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Mega |
|
10.34% |
| Large |
|
4.21% |
| Medium |
|
2.28% |
| Small |
|
0.41% |
| Micro |
|
0.05% |
| Non-Classified |
|
13.02% |
| Bonds |
|
65.73% |
| Cash |
|
3.96% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
24.85% |
| 5Yr - 10Yr Maturity |
|
23.72% |
| 10Yr - 15Yr Maturity |
|
2.51% |
| > 15Yr Maturity |
|
5.72% |
| Cash And Equivalents |
|
3.96% |
| Unknown Maturity |
|
12.10% |
| Other Asset Types |
|
27.13% |
Fixed Interest Quality Profile
| AAA |
|
6.76% |
| AA |
|
5.81% |
| A |
|
15.18% |
| BBB |
|
17.52% |
| Sub-Investment Grade |
|
1.43% |
| Unknown Quality |
|
10.11% |
| Cash and Equivalents |
|
3.96% |
| Other Asset Types |
|
39.23% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G European Credit Investment Class A EUR | 41.11% | Managed Funds | Managed Funds |
| 2 | M&G (1) Sterling Investment Grade Corporate Bond Class Z2A GBP | 9.87% | Managed Funds | Managed Funds |
| 3 | BlackRock (Lux) iShares Euro Government Bond Index Class D2 | 8.93% | Managed Funds | Managed Funds |
| 4 | M&G Feeder of Property Portfolio Class A GBP | 8.76% | Managed Funds | Managed Funds |
| 5 | M&G (LUX) FCP Europe ex UK Equity Fund Z3A Acc | 7.68% | Managed Funds | Managed Funds |
| 6 | M&G (1) US Corporate Bond Class Z2A USD | 6.15% | Managed Funds | Managed Funds |
| 7 | PIA UK Equity Ser B | 4.58% | Managed Funds | Managed Funds |
| 8 | PIA Euro Deposit EUR Ser B | 3.83% | Managed Funds | Managed Funds |
| 9 | M&G (ACS) Blackrock US Equity Z3A Acc | 3.27% | Managed Funds | Managed Funds |
| 10 | M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z3A Acc | 3.10% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BlackRock (Lux) iShares Euro Government Bond Index Class D2 | 8.93% | Bonds | Non-Classified |
| 2 | GBP FWD ASSET 28 OCT 2024 | 1.50% | Non-Classified | Non-Classified |
| 3 | GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 | 1.47% | Bonds | Germany |
| 4 | PORTLAND RIDING ESTATE 80 92 | 0.82% | Property | Direct Property and REITs |
| 5 | MEDWAY VALLEY LEISURE PARK ROC | 0.69% | Property | Direct Property and REITs |
| 6 | BNP PARIBAS LONDON BRANCH | 0.62% | Non-Classified | Non-Classified |
| 7 | GERMANY (FEDERAL REPUBLIC OF) 1% 15/05/2038 | 0.61% | Bonds | Germany |
| 8 | 3 TEMPLE QUAY BRISTOL | 0.61% | Property | Direct Property and REITs |
| 9 | FREMLIN WALK | 0.54% | Property | Direct Property and REITs |
| 10 | GERMANY (FEDERAL REPUBLIC OF) 0% 15/08/2026 | 0.49% | Bonds | Germany |
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 | B0MSS41 |
| Mex Code | SBMDFB |
| Isin Code | IE00B0MSS411 |
| Citi Code | TJ74 |
Fund Charges
| Annual Management Charge (AMC) | 1.40% |
| Further Costs | 0.30% |
| Yearly Total | 1.70% |
Aims and Benchmark
| Aims | Objective: The fund aims to achieve long-term growth from a mixture of income and capital whilst seeking to limit the level of capital volatility. Fund Investments: The fund invests in a portfolio of international equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro. |
| Benchmark | Variable |
| ABI Sector | Mixed Investment 0-35% Shares |
Ratings
| FE Crown |  |
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 | -0.56 |
| Beta | 0.98 |
| Sharpe | 0.00 |
| Standard Deviation | 6.85 |
| Info Ratio | -0.24 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | Yes |
| 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 | Yes |
| 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.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
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.
Property
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
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.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
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 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.
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 product charges, or 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 the fund's currency of denomination 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 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.
The registered office of Prudential International is in Ireland at Fitzwilliam Court, Leeson Cl, Dublin 2, D02 TC95. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.