Prudential International Equity S1
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 | -3.9% | 25.1% | -5.3% | 11.9% | 17.9% |
| Benchmark | 6.1% | 18.5% | -8.2% | 10.4% | 17.2% |
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 | 3.3% | 7.7% | 8.5% | 9.6% |
| Benchmark | 2.2% | 5.9% | 8.4% | 10.4% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.22 |
| SAMSUNG ELECTRONICS CO. LTD | 1.39 |
| AIA GROUP LIMITED | 1.18 |
| TENCENT HOLDINGS LIMITED | 1.00 |
| APPLE | 0.97 |
| MICROSOFT CORPORATION | 0.89 |
| NVIDIA CORPORATION | 0.86 |
| ROCHE HOLDING AG | 0.79 |
| SIEMENS AKTIENGESELLSCHAFT | 0.74 |
| TOTAL SE | 0.72 |
| Total | 10.74 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP International Equity Fund - the underlying fund.
Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
Fund Manager
With access to investment professionals around the world, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.
Fund Overview
| Bid (19/12/2024) | 10.84 |
| Offer (19/12/2024) | 11.41 |
| Fund size (31/10/2024) | £119.03m |
| Underlying Fund size | £122.14m |
| Number of holdings | 1592 |
| Launch date | 02/07/1991 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.06% |
| Yearly Total | 0.81% |
Asset Allocation
| International Equities | 89.38% | |
| Cash and Equivalents | 6.99% | |
| Property | 0.97% | |
| UK Equities | 0.61% | |
| International Bonds | 0.36% | |
| Other Assets | 1.69% |
Commentary
Performance as at Q3 2024 - Equities recorded positive returns during the quarter, despite periodic volatility related to decelerating macroeconomic indicators, shifting global monetary policy expectations and sharp movements in the Japanese yen. As inflation continued to ease, the US Federal Reserve (Fed) and the Bank of England (BoE) cut interest rates for the first time in over four years. In August, the BoE implemented a 0.25 percentage points cut to its key rate, while the Fed reduced its rate by 0.5 percentage points in September. Following its initial move in June, the European Central Bank made a further cut to interest rates (0.25 percentage points). The fund gained in the quarter and was ahead of the benchmark and the comparator. In absolute terms, Pacific and emerging equity markets made the strongest gains, while Japan and Europe made modest advances and the US was broadly flat, all in sterling terms. Pacific markets were supported by the performance of China and Hong Kong, with the former announcing a range of measures aimed at stimulating the economy and stockmarket towards the end of the quarter. Indonesia, Malaysia, the Philippines, Singapore and Thailand also fared well, while Taiwan and South Korea were hurt by weakness in the technology sector. Returns for sterling-based investors in the Japanese stockmarket were boosted by the appreciation of the yen. In Europe, Spanish and German equity markets were among the strongest areas, while share prices in Denmark and the Netherlands fell sharply. The US stockmarket made healthy gains in local currency terms, but returns for sterling-based investors was held back by the weakness of the US dollar. Stockpicking in Europe and Pacific markets was beneficial, while selection in the US and emerging markets was broadly neutral. Stockpicks in China, and to a lesser extent Japan, cost some relative performance. The fund retains an above-index allocation to equities. This overweight allocation is a diversified basket across the US, Asia and global emerging markets. In a tactical move, emerging market equities were added to during the period, with the move funded from a below-index position in Japanese and Chinese equities. Emerging markets could outperform Japanese equity due to a stable or weaker US dollar, slowing but reasonable developed market economic growth and interest rate cuts from central banks. Central banks are striking a more accommodative tone on monetary policy, following supportive inflation data and some signs of economic softening. The prospect of a soft economic landing in the US, accompanied by lower interest rates and stimulus measures in China should be good for the performance of most asset classes. Heightened geo-political tensions remain the most obvious near-term risk to this view.
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 | 89.38% | |
| Cash and Equivalents | 6.99% | |
| Property | 0.97% | |
| UK Equities | 0.61% | |
| International Bonds | 0.36% | |
| Other Assets | 1.69% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 20.85% | - | - | - | |
| Banks | - | 12.19% | - | - | |
| Banks | - | - | 12.19% | - | |
| Banks | - | - | - | 12.19% | |
| Insurance | - | 4.76% | - | - | |
| Non-life Insurance | - | - | 2.46% | - | |
| Property & Casualty Insurance | - | - | - | 0.94% | |
| Full Line Insurance | - | - | - | 0.85% | |
| Reinsurance | - | - | - | 0.43% | |
| Insurance Brokers | - | - | - | 0.25% | |
| Life Insurance | - | - | 2.29% | - | |
| Life Insurance | - | - | - | 2.29% | |
| Financial Services | - | 3.91% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.26% | - | |
| Investment Services | - | - | - | 1.44% | |
| Asset Managers & Custodians | - | - | - | 1.01% | |
| Diversified Financial Services | - | - | - | 0.80% | |
| Finance & Credit Services | - | - | 0.65% | - | |
| Financial Data & Systems | - | - | - | 0.44% | |
| Consumer Lending | - | - | - | 0.15% | |
| Mortgage Finance | - | - | - | 0.05% | |
| Industrials | 14.11% | - | - | - | |
| Industrial Goods & Services | - | 12.43% | - | - | |
| Industrial Transportation | - | - | 2.89% | - | |
| Railroads | - | - | - | 0.91% | |
| Marine Transportation | - | - | - | 0.79% | |
| Transportation Services | - | - | - | 0.48% | |
| Commercial Vehicles & Parts | - | - | - | 0.41% | |
| Delivery Services | - | - | - | 0.28% | |
| Trucking | - | - | - | 0.02% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.00% | |
| General Industrials | - | - | 2.80% | - | |
| Diversified Industrials | - | - | - | 2.11% | |
| Containers & Packaging | - | - | - | 0.56% | |
| Glass | - | - | - | 0.07% | |
| Paints & Coatings | - | - | - | 0.03% | |
| Plastics | - | - | - | 0.02% | |
| Industrial Support Services | - | - | 2.45% | - | |
| Transaction Processing Services | - | - | - | 0.67% | |
| Professional Business Support Services | - | - | - | 0.62% | |
| Industrial Suppliers | - | - | - | 0.52% | |
| Security Services | - | - | - | 0.34% | |
| Business Training & Employment Agencies | - | - | - | 0.30% | |
| Industrial Engineering | - | - | 1.97% | - | |
| Machinery: Engines | - | - | - | 0.55% | |
| Machinery: Industrial | - | - | - | 0.46% | |
| Machinery: Tools | - | - | - | 0.41% | |
| Machinery: Construction & Handling | - | - | - | 0.40% | |
| Machinery: Specialty | - | - | - | 0.13% | |
| Machinery: Agricultural | - | - | - | 0.02% | |
| Electronic & Electrical Equipment | - | - | 1.64% | - | |
| Electrical Components | - | - | - | 1.04% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.21% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.17% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.15% | |
| Electronic Equipment: Other | - | - | - | 0.05% | |
| Aerospace & Defence | - | - | 0.68% | - | |
| Aerospace | - | - | - | 0.36% | |
| Defense | - | - | - | 0.32% | |
| Construction & Materials | - | 1.68% | - | - | |
| Construction & Materials | - | - | 1.68% | - | |
| Building Materials: Other | - | - | - | 0.68% | |
| Cement | - | - | - | 0.48% | |
| Building: Climate Control | - | - | - | 0.28% | |
| Construction | - | - | - | 0.19% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.04% | |
| Engineering & Contracting Services | - | - | - | 0.01% | |
| Technology | 13.96% | - | - | - | |
| Technology | - | 13.96% | - | - | |
| Technology Hardware & Equipment | - | - | 7.96% | - | |
| Semiconductors | - | - | - | 5.14% | |
| Computer Hardware | - | - | - | 1.32% | |
| Production Technology Equipment | - | - | - | 0.76% | |
| Electronic Components | - | - | - | 0.68% | |
| Electronic Office Equipment | - | - | - | 0.08% | |
| Software & Computer Services | - | - | 6.00% | - | |
| Consumer Digital Services | - | - | - | 2.82% | |
| Software | - | - | - | 1.95% | |
| Computer Services | - | - | - | 1.23% | |
| Consumer Discretionary | 11.83% | - | - | - | |
| Retail | - | 3.92% | - | - | |
| Retailers | - | - | 3.92% | - | |
| Diversified Retailers | - | - | - | 2.53% | |
| Apparel Retailers | - | - | - | 0.73% | |
| Specialty Retailers | - | - | - | 0.67% | |
| Home Improvement Retailers | - | - | - | 0.00% | |
| Automobiles & Parts | - | 3.14% | - | - | |
| Automobiles & Parts | - | - | 3.14% | - | |
| Automobiles | - | - | - | 2.38% | |
| Auto Parts | - | - | - | 0.76% | |
| Tires | - | - | - | 0.00% | |
| Consumer Products & Services | - | 2.32% | - | - | |
| Leisure Goods | - | - | 0.91% | - | |
| Consumer Electronics | - | - | - | 0.47% | |
| Electronic Entertainment | - | - | - | 0.17% | |
| Photography | - | - | - | 0.12% | |
| Recreational Vehicles & Boats | - | - | - | 0.09% | |
| Recreational Products | - | - | - | 0.05% | |
| Toys | - | - | - | 0.01% | |
| Personal Goods | - | - | 0.74% | - | |
| Clothing & Accessories | - | - | - | 0.39% | |
| Cosmetics | - | - | - | 0.15% | |
| Footwear | - | - | - | 0.13% | |
| Luxury Items | - | - | - | 0.07% | |
| Household Goods & Home Construction | - | - | 0.51% | - | |
| Household Appliance | - | - | - | 0.25% | |
| Home Construction | - | - | - | 0.25% | |
| Household Furnishings | - | - | - | 0.01% | |
| Consumer Services | - | - | 0.16% | - | |
| Consumer Services: Misc. | - | - | - | 0.16% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Travel & Leisure | - | 1.67% | - | - | |
| Travel & Leisure | - | - | 1.67% | - | |
| Hotels & Motels | - | - | - | 0.47% | |
| Casinos & Gambling | - | - | - | 0.44% | |
| Restaurants & Bars | - | - | - | 0.39% | |
| Airlines | - | - | - | 0.25% | |
| Travel & Tourism | - | - | - | 0.11% | |
| Recreational Services | - | - | - | 0.02% | |
| Media | - | 0.76% | - | - | |
| Media | - | - | 0.76% | - | |
| Radio & TV Broadcasters | - | - | - | 0.33% | |
| Media Agencies | - | - | - | 0.24% | |
| Entertainment | - | - | - | 0.14% | |
| Publishing | - | - | - | 0.06% | |
| Cash and Equivalents | 6.99% | - | - | - | |
| Health Care | 6.94% | - | - | - | |
| Health Care | - | 6.94% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.15% | - | |
| Pharmaceuticals | - | - | - | 4.82% | |
| Biotechnology | - | - | - | 0.33% | |
| Medical Equipment & Services | - | - | 1.34% | - | |
| Medical Equipment | - | - | - | 1.12% | |
| Medical Supplies | - | - | - | 0.19% | |
| Medical Services | - | - | - | 0.02% | |
| Health Care Providers | - | - | 0.45% | - | |
| Health Care Management Services | - | - | - | 0.38% | |
| Health Care Facilities | - | - | - | 0.06% | |
| Health Care Services | - | - | - | 0.01% | |
| Telecommunications | 5.65% | - | - | - | |
| Telecommunications | - | 5.65% | - | - | |
| Telecommunications Service Providers | - | - | 3.16% | - | |
| Telecommunications Services | - | - | - | 3.11% | |
| Cable Television Services | - | - | - | 0.05% | |
| Telecommunications Equipment | - | - | 2.49% | - | |
| Telecommunications Equipment | - | - | - | 2.49% | |
| Consumer Staples | 4.36% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.36% | - | - | |
| Beverages | - | - | 1.22% | - | |
| Brewers | - | - | - | 0.65% | |
| Soft Drinks | - | - | - | 0.44% | |
| Distillers & Vintners | - | - | - | 0.13% | |
| Food Producers | - | - | 1.15% | - | |
| Food Products | - | - | - | 1.11% | |
| Fruit & Grain Processing | - | - | - | 0.02% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Personal Care, Drug & Grocery Stores | - | 2.00% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.00% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.45% | |
| Personal Products | - | - | - | 0.28% | |
| Drug Retailers | - | - | - | 0.23% | |
| Nondurable Household Products | - | - | - | 0.05% | |
| Basic Materials | 3.93% | - | - | - | |
| Basic Resources | - | 2.40% | - | - | |
| Industrial Metals & Mining | - | - | 1.86% | - | |
| Iron & Steel | - | - | - | 1.05% | |
| General Mining | - | - | - | 0.60% | |
| Aluminum | - | - | - | 0.11% | |
| Copper | - | - | - | 0.08% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Industrial Materials | - | - | 0.33% | - | |
| Paper | - | - | - | 0.26% | |
| Diversified Materials | - | - | - | 0.07% | |
| Precious Metals & Mining | - | - | 0.21% | - | |
| Gold Mining | - | - | - | 0.21% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Chemicals | - | 1.53% | - | - | |
| Chemicals | - | - | 1.53% | - | |
| Chemicals: Diversified | - | - | - | 0.91% | |
| Specialty Chemicals | - | - | - | 0.36% | |
| Fertilizers | - | - | - | 0.16% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.10% | |
| Energy | 3.71% | - | - | - | |
| Energy | - | 3.71% | - | - | |
| Non-Renewable Energy | - | - | 3.63% | - | |
| Integrated Oil & Gas | - | - | - | 1.86% | |
| Oil: Crude Producers | - | - | - | 0.59% | |
| Oil Equipment & Services | - | - | - | 0.56% | |
| Oil Refining and Marketing | - | - | - | 0.37% | |
| Pipelines | - | - | - | 0.24% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.08% | - | |
| Renewable Energy Equipment | - | - | - | 0.06% | |
| Alternative Fuels | - | - | - | 0.02% | |
| Real Estate | 3.18% | - | - | - | |
| Real Estate | - | 3.18% | - | - | |
| Real Estate Investment & Services | - | - | 1.97% | - | |
| Real Estate Holding and Development | - | - | - | 1.52% | |
| Real Estate Services | - | - | - | 0.45% | |
| Real Estate Investment Trusts | - | - | 1.20% | - | |
| Retail REITs | - | - | - | 0.46% | |
| Residential REITs | - | - | - | 0.21% | |
| Industrial REITs | - | - | - | 0.20% | |
| Timber REITs | - | - | - | 0.18% | |
| Health Care REITs | - | - | - | 0.08% | |
| Office REITs | - | - | - | 0.05% | |
| Hotel & Lodging REITs | - | - | - | 0.02% | |
| Infrastructure REITs | - | - | - | 0.01% | |
| Utilities | 2.38% | - | - | - | |
| Utilities | - | 2.38% | - | - | |
| Electricity | - | - | 1.22% | - | |
| Conventional Electricity | - | - | - | 1.14% | |
| Alternative Electricity | - | - | - | 0.08% | |
| Gas, Water & Multi-utilities | - | - | 1.11% | - | |
| Multi-Utilities | - | - | - | 1.08% | |
| Gas Distribution | - | - | - | 0.03% | |
| Waste & Disposal Services | - | - | 0.04% | - | |
| Waste & Disposal Services | - | - | - | 0.04% | |
| Non-Classified | 1.76% | - | - | - | |
| Non-Classified | - | 0.73% | - | - | |
| Non-Classified | - | - | 0.73% | - | |
| Non-Classified | - | - | - | 0.73% | |
| Bonds | 0.36% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 24.55% | |
| Developed Europe - Excl UK | 22.46% | |
| Emerging Asia | 18.90% | |
| Japan | 11.29% | |
| Developed Asia | 7.68% | |
| Cash and Equivalents | 6.99% | |
| Australia & New Zealand | 2.23% | |
| Non-Classified | 2.52% | |
| Property | 0.97% | |
| Other Regions | 2.41% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 92.65% | |
| Cash | 6.99% | |
| Euro | 0.33% | |
| US Dollar | 0.02% | |
| Swiss Franc | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 24.55% | - | |
United States
|
- | 21.88% | |
Canada
|
- | 2.66% | |
| Developed Europe - Excl UK | 22.46% | - | |
Germany
|
- | 5.11% | |
France
|
- | 4.68% | |
Switzerland
|
- | 2.84% | |
Netherlands
|
- | 1.49% | |
Ireland
|
- | 1.42% | |
Spain
|
- | 1.28% | |
Sweden
|
- | 1.09% | |
Denmark
|
- | 0.94% | |
Italy
|
- | 0.80% | |
Finland
|
- | 0.78% | |
Belgium
|
- | 0.75% | |
Norway
|
- | 0.43% | |
Austria
|
- | 0.40% | |
Luxembourg
|
- | 0.39% | |
Portugal
|
- | 0.06% | |
| Emerging Asia | 18.90% | - | |
China
|
- | 5.29% | |
South Korea
|
- | 4.42% | |
Taiwan
|
- | 3.32% | |
India
|
- | 2.80% | |
Indonesia
|
- | 1.32% | |
Thailand
|
- | 1.29% | |
Malaysia
|
- | 0.28% | |
Philippines
|
- | 0.18% | |
| Japan | 11.29% | - | |
Japan
|
- | 11.29% | |
| Developed Asia | 7.68% | - | |
Hong Kong
|
- | 5.35% | |
Singapore
|
- | 2.33% | |
| Cash and Equivalents | 6.99% | - | |
| Australia & New Zealand | 2.23% | - | |
Australia
|
- | 2.17% | |
New Caledonia
|
- | 0.05% | |
| Non-Classified | 2.52% | - | |
| Property | 0.97% | - | |
| South & Central America | 0.69% | - | |
Brazil
|
- | 0.43% | |
Mexico
|
- | 0.23% | |
Chile
|
- | 0.02% | |
| UK | 0.61% | - | |
United Kingdom
|
- | 0.61% | |
| Middle East & Africa | 0.59% | - | |
South Africa
|
- | 0.26% | |
United Arab Emirates
|
- | 0.16% | |
Saudi Arabia
|
- | 0.09% | |
Israel
|
- | 0.07% | |
Egypt
|
- | 0.02% | |
| Emerging Europe | 0.52% | - | |
Greece
|
- | 0.23% | |
Turkey
|
- | 0.10% | |
Hungary
|
- | 0.09% | |
Poland
|
- | 0.08% | |
Romania
|
- | 0.01% | |
Czech Republic
|
- | 0.01% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
50.36% |
| Large |
|
24.07% |
| Medium |
|
7.51% |
| Small |
|
1.17% |
| Micro |
|
0.23% |
| Non-Classified |
|
9.31% |
| Bonds |
|
0.36% |
| Cash |
|
6.99% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A | 25.52% | Managed Funds | Managed Funds |
| 2 | M&G (LUX) FCP Europe ex UK Equity Fund Z2A Acc | 14.77% | Managed Funds | Managed Funds |
| 3 | M&G (ACS) BlackRock US Equity 2 GBPZ2A GBP ACC | 10.48% | Managed Funds | Managed Funds |
| 4 | M&G (ACS) Japan Equity Fund Z2A Acc | 10.48% | Managed Funds | Managed Funds |
| 5 | M&G (ACS) Blackrock US Equity Z2A Acc | 10.44% | Managed Funds | Managed Funds |
| 6 | M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z2A Acc | 6.02% | Managed Funds | Managed Funds |
| 7 | M&G (1) MFS Global Emerging Markets Equity Class GBPZ2A | 4.61% | Managed Funds | Managed Funds |
| 8 | M&G (1) GSAM Global Emerging Markets Equity Class GBPZ2A | 3.24% | Managed Funds | Managed Funds |
| 9 | M&G (ACS) BlackRock Canada Equity Fund Z2A Acc | 2.63% | Managed Funds | Managed Funds |
| 10 | M&G (LUX) FCP Pan European Smaller Co Fund Z2A Acc | 2.30% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.22% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 1.39% | Telecommunications Equipment | South Korea |
| 3 | AIA GROUP LIMITED | 1.18% | Life Insurance | Hong Kong |
| 4 | TENCENT HOLDINGS LIMITED | 1.00% | Software & Computer Services | China |
| 5 | APPLE | 0.97% | Technology Hardware & Equipment | United States |
| 6 | MICROSOFT CORPORATION | 0.89% | Software & Computer Services | United States |
| 7 | NVIDIA CORPORATION | 0.86% | Technology Hardware & Equipment | United States |
| 8 | ROCHE HOLDING AG | 0.79% | Pharmaceuticals & Biotechnology | Switzerland |
| 9 | SIEMENS AKTIENGESELLSCHAFT | 0.74% | General Industrials | Germany |
| 10 | TOTAL SE | 0.72% | Non-Renewable Energy | France |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 13.96% | - | - | - | - | - | - | 13.96% |
| Telecommunications | - | 5.65% | - | 0.33% | - | - | - | - | 5.98% |
| Financials | 0.05% | 20.80% | - | 0.01% | - | - | - | - | 20.86% |
| Real Estate | - | 2.21% | - | - | - | 0.97% | - | - | 3.18% |
| Consumer Discretionary | 0.17% | 11.66% | - | 0.02% | - | - | - | - | 11.85% |
| Consumer Staples | 0.10% | 4.26% | - | - | - | - | - | - | 4.36% |
| Energy | - | 3.70% | - | - | - | - | - | - | 3.71% |
| Utilities | - | 2.38% | - | - | - | - | 0.01% | - | 2.39% |
| Health Care | 0.01% | 6.94% | - | - | - | - | - | - | 6.94% |
| Industrials | 0.21% | 13.89% | - | - | - | - | - | - | 14.11% |
| Basic Materials | - | 3.93% | - | - | - | - | - | - | 3.93% |
| Cash and Equivalents | - | - | - | - | - | - | - | 6.99% | 6.99% |
| Non-Classified | 0.06% | - | - | - | - | - | 1.68% | - | 1.75% |
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 | 0702276 |
| Mex Code | PUPMI |
| Isin Code | GB0007022766 |
| Citi Code | PS26 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.06% |
| Yearly Total | 0.81% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP International Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis. |
| Benchmark | Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO). |
| 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 | 2.42 |
| Beta | 0.85 |
| Sharpe | 0.49 |
| Standard Deviation | 9.57 |
| Info Ratio | 0.26 |
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.