Prudential Overseas Equity Index S3
Performance
Discrete performance - to latest available quarter end
| 30/09/19 to 30/09/20 |
30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
|
|---|---|---|---|---|---|
| Fund | 1.4% | 23.0% | -8.2% | 10.9% | 16.6% |
| Benchmark | 4.2% | 21.5% | -8.7% | 11.3% | 17.6% |
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 | 0.9% | 5.9% | 8.2% | 9.9% |
| Benchmark | 1.1% | 6.1% | 8.6% | 10.3% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.17 |
| SAMSUNG ELECTRONICS CO. LTD | 1.42 |
| APPLE | 0.96 |
| MICROSOFT CORPORATION | 0.89 |
| COMMONWEALTH BANK OF AUSTRALIA | 0.86 |
| NVIDIA CORPORATION | 0.86 |
| SAP SE | 0.75 |
| NESTLE S.A. | 0.75 |
| NOVO NORDISK A/S | 0.75 |
| NOVARTIS AG | 0.73 |
| Total | 11.14 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Overseas Equity Index Fund - the underlying fund.
Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The 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, the Sub-Investment Manager aims to 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 (19/12/2024) | 622.70 |
| Fund size (31/10/2024) | £16.52m |
| Underlying Fund size | £16.52m |
| Number of holdings | 1753 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 30/04/2002 |
Asset Allocation
| International Equities | 86.50% | |
| Cash and Equivalents | 10.13% | |
| Property | 1.13% | |
| International Bonds | 0.16% | |
| UK Equities | 0.09% | |
| Other Assets | 2.00% |
Commentary
Performance as at Q3 2024 - The fund was 0.3% behind benchmark over the quarter, driven by relative underperformance in US and Asia. This outweighed positive contributions in Europe and Japan. The European equity market ended the quarter flat, underperforming most of its developed market peers. The Info Tech sector suffered the largest losses. ASML Holdings experienced a significant drop in price partly affected by the broader selloff that began in the US and amid potential risks to its business from global competition and geopolitical tensions. Issuers within the Financials and Industrials sectors delivered positive returns supported by the strong demand for credit and financial services as well as for electrification and automation solutions. The European Central Bank (ECB) cut its policy rate for the second time in September lowering it to 3.50%. Eurozone inflation eased to 1.8% compared to the previous year, falling below the ECB’s 2% target for the first time since 2021. The decline bolstered investor expectations for further rate cuts. The Swiss National Bank cut its key policy rate by 25 bps to 1% in September. The US equity market posted broadly positive returns.The S&P 500 faced two large selloffs in August and September triggered by the possibility of trade restrictions in key industries, as well as fears of recession. The market recovered quickly amid robust macroeconomic data and the prospect of lower future interest rates. Financials and Industrials emerged as the best performing sectors supported by the strong demand for credit and financial services as well as for electrification and automation solutions. In September, the Federal Reserve cut its policy rate by fifty basis points. Inflation fell to 2.4% in September. Nonfarm payrolls expanded by 254,000 in September, and the unemployment rate fell to 4.1%. Canadian equities delivered positive returns. Similar to other developed market countries, Financials issuers delivered the strongest performance amid high interest rates and strong demand for credit and financial services. Energy names like Cenovus Energy Inc and Canadian Natural Resources Ltd underperformed. In September, the Bank of Canada cut the interest rate by twenty-five basis points, lowering it to 4.25%. Annual Inflation rate fell to 1.6%. Japanese stocks experienced a turbulent quarter posting negative returns. The MSCI Japan fell sharply amid fear of a stronger Yen, exacerbated by investors unwinding carry trade positions in the currency. The market reaction was triggered by the Bank of Japan’s decision to raise the policy rate to 0.25%. Tokyo Core Inflation, rose 2.0% year-on-year in September. In September Japan’s political landscape saw major shifts due to internal controversies that ultimately led Shigeru Ishiba to take over as prime minister under heightened scrutiny. A relatively flat quarter across Asia-Pacific markets, in contrast with the first half of 2024. The weak performance was steered by the Information Technology sector, where issuers like Taiwan Semiconductors Manufacturing, Samsung Electronics Ltd and SK Hynix Inc experienced a significant decline in price. Financials issuers posted strong returns. In Australia annual inflation fell to 2.8%and the central bank held interest rates steady at 4.35%. Emerging markets rose moderately in continuation with the trend begun in 2023. Returns were heavily influenced by the Chinese government's announcement of an economic stimulus at the end of September. This announcement led to all major Chinese indices delivering double-digit returns marking their best-performing week since 1998. China's sluggish economy continued to show signs of weakness. The Chinese labour market also worsened with the unemployment rate rising above 5%. Taiwan and Korea were the worst performing markets. Tech stocks like Taiwan Semiconductors Manufacturing and Samsung Electronics Ltd were heavily affected by the global tech selloff in August.
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 | 86.50% | |
| Cash and Equivalents | 10.13% | |
| Property | 1.13% | |
| International Bonds | 0.16% | |
| UK Equities | 0.09% | |
| Other Assets | 2.00% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 18.25% | - | - | - | |
| Banks | - | 10.00% | - | - | |
| Banks | - | - | 10.00% | - | |
| Banks | - | - | - | 10.00% | |
| Insurance | - | 4.32% | - | - | |
| Non-life Insurance | - | - | 2.69% | - | |
| Full Line Insurance | - | - | - | 1.20% | |
| Property & Casualty Insurance | - | - | - | 0.86% | |
| Reinsurance | - | - | - | 0.37% | |
| Insurance Brokers | - | - | - | 0.25% | |
| Life Insurance | - | - | 1.64% | - | |
| Life Insurance | - | - | - | 1.64% | |
| Financial Services | - | 3.93% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.33% | - | |
| Investment Services | - | - | - | 1.58% | |
| Asset Managers & Custodians | - | - | - | 0.99% | |
| Diversified Financial Services | - | - | - | 0.76% | |
| Finance & Credit Services | - | - | 0.60% | - | |
| Financial Data & Systems | - | - | - | 0.45% | |
| Consumer Lending | - | - | - | 0.14% | |
| Mortgage Finance | - | - | - | 0.00% | |
| Technology | 18.04% | - | - | - | |
| Technology | - | 18.04% | - | - | |
| Technology Hardware & Equipment | - | - | 12.26% | - | |
| Semiconductors | - | - | - | 7.14% | |
| Computer Hardware | - | - | - | 1.77% | |
| Production Technology Equipment | - | - | - | 1.77% | |
| Electronic Components | - | - | - | 1.30% | |
| Electronic Office Equipment | - | - | - | 0.28% | |
| Software & Computer Services | - | - | 5.78% | - | |
| Consumer Digital Services | - | - | - | 2.49% | |
| Software | - | - | - | 2.27% | |
| Computer Services | - | - | - | 1.01% | |
| Industrials | 12.16% | - | - | - | |
| Industrial Goods & Services | - | 10.31% | - | - | |
| Electronic & Electrical Equipment | - | - | 2.29% | - | |
| Electrical Components | - | - | - | 1.86% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.20% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.18% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.02% | |
| Electronic Equipment: Other | - | - | - | 0.02% | |
| General Industrials | - | - | 2.17% | - | |
| Diversified Industrials | - | - | - | 1.74% | |
| Containers & Packaging | - | - | - | 0.21% | |
| Plastics | - | - | - | 0.11% | |
| Paints & Coatings | - | - | - | 0.10% | |
| Glass | - | - | - | 0.01% | |
| Industrial Engineering | - | - | 1.91% | - | |
| Machinery: Construction & Handling | - | - | - | 0.61% | |
| Machinery: Engines | - | - | - | 0.42% | |
| Machinery: Tools | - | - | - | 0.40% | |
| Machinery: Industrial | - | - | - | 0.34% | |
| Machinery: Agricultural | - | - | - | 0.14% | |
| Industrial Transportation | - | - | 1.68% | - | |
| Marine Transportation | - | - | - | 0.69% | |
| Transportation Services | - | - | - | 0.47% | |
| Railroads | - | - | - | 0.29% | |
| Delivery Services | - | - | - | 0.20% | |
| Trucking | - | - | - | 0.02% | |
| Commercial Vehicles & Parts | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.00% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 1.64% | - | |
| Transaction Processing Services | - | - | - | 0.50% | |
| Professional Business Support Services | - | - | - | 0.49% | |
| Industrial Suppliers | - | - | - | 0.26% | |
| Business Training & Employment Agencies | - | - | - | 0.24% | |
| Forms & Bulk Printing Services | - | - | - | 0.10% | |
| Security Services | - | - | - | 0.05% | |
| Aerospace & Defence | - | - | 0.63% | - | |
| Aerospace | - | - | - | 0.50% | |
| Defense | - | - | - | 0.12% | |
| Construction & Materials | - | 1.84% | - | - | |
| Construction & Materials | - | - | 1.84% | - | |
| Construction | - | - | - | 0.72% | |
| Building Materials: Other | - | - | - | 0.43% | |
| Cement | - | - | - | 0.33% | |
| Building: Climate Control | - | - | - | 0.29% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.07% | |
| Engineering & Contracting Services | - | - | - | 0.01% | |
| Consumer Discretionary | 10.43% | - | - | - | |
| Retail | - | 3.01% | - | - | |
| Retailers | - | - | 3.01% | - | |
| Diversified Retailers | - | - | - | 1.78% | |
| Apparel Retailers | - | - | - | 0.92% | |
| Specialty Retailers | - | - | - | 0.30% | |
| Home Improvement Retailers | - | - | - | 0.01% | |
| Consumer Products & Services | - | 2.92% | - | - | |
| Personal Goods | - | - | 1.63% | - | |
| Clothing & Accessories | - | - | - | 0.81% | |
| Cosmetics | - | - | - | 0.36% | |
| Luxury Items | - | - | - | 0.27% | |
| Footwear | - | - | - | 0.19% | |
| Leisure Goods | - | - | 0.70% | - | |
| Consumer Electronics | - | - | - | 0.43% | |
| Electronic Entertainment | - | - | - | 0.20% | |
| Toys | - | - | - | 0.05% | |
| Recreational Vehicles & Boats | - | - | - | 0.02% | |
| Household Goods & Home Construction | - | - | 0.47% | - | |
| Home Construction | - | - | - | 0.25% | |
| Household Appliance | - | - | - | 0.22% | |
| Consumer Services | - | - | 0.13% | - | |
| Consumer Services: Misc. | - | - | - | 0.11% | |
| Education Services | - | - | - | 0.01% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Automobiles & Parts | - | 2.64% | - | - | |
| Automobiles & Parts | - | - | 2.64% | - | |
| Automobiles | - | - | - | 2.24% | |
| Auto Parts | - | - | - | 0.36% | |
| Tires | - | - | - | 0.04% | |
| Travel & Leisure | - | 1.17% | - | - | |
| Travel & Leisure | - | - | 1.17% | - | |
| Restaurants & Bars | - | - | - | 0.51% | |
| Airlines | - | - | - | 0.30% | |
| Hotels & Motels | - | - | - | 0.17% | |
| Recreational Services | - | - | - | 0.10% | |
| Travel & Tourism | - | - | - | 0.08% | |
| Media | - | 0.69% | - | - | |
| Media | - | - | 0.69% | - | |
| Media Agencies | - | - | - | 0.35% | |
| Publishing | - | - | - | 0.22% | |
| Entertainment | - | - | - | 0.09% | |
| Radio & TV Broadcasters | - | - | - | 0.03% | |
| Cash and Equivalents | 10.13% | - | - | - | |
| Health Care | 7.86% | - | - | - | |
| Health Care | - | 7.86% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.39% | - | |
| Pharmaceuticals | - | - | - | 4.82% | |
| Biotechnology | - | - | - | 0.57% | |
| Medical Equipment & Services | - | - | 1.95% | - | |
| Medical Equipment | - | - | - | 1.43% | |
| Medical Supplies | - | - | - | 0.48% | |
| Medical Services | - | - | - | 0.05% | |
| Health Care Providers | - | - | 0.52% | - | |
| Health Care Management Services | - | - | - | 0.38% | |
| Health Care Facilities | - | - | - | 0.13% | |
| Health Care Services | - | - | - | 0.01% | |
| Consumer Staples | 4.22% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.78% | - | - | |
| Food Producers | - | - | 1.81% | - | |
| Food Products | - | - | - | 1.70% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.08% | |
| Fruit & Grain Processing | - | - | - | 0.03% | |
| Beverages | - | - | 0.97% | - | |
| Soft Drinks | - | - | - | 0.51% | |
| Brewers | - | - | - | 0.39% | |
| Distillers & Vintners | - | - | - | 0.07% | |
| Personal Care, Drug & Grocery Stores | - | 1.44% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.44% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.82% | |
| Personal Products | - | - | - | 0.45% | |
| Drug Retailers | - | - | - | 0.16% | |
| Nondurable Household Products | - | - | - | 0.01% | |
| Telecommunications | 4.12% | - | - | - | |
| Telecommunications | - | 4.12% | - | - | |
| Telecommunications Service Providers | - | - | 2.13% | - | |
| Telecommunications Services | - | - | - | 2.08% | |
| Cable Television Services | - | - | - | 0.05% | |
| Telecommunications Equipment | - | - | 1.99% | - | |
| Telecommunications Equipment | - | - | - | 1.99% | |
| Basic Materials | 3.98% | - | - | - | |
| Basic Resources | - | 2.49% | - | - | |
| Industrial Metals & Mining | - | - | 1.91% | - | |
| General Mining | - | - | - | 1.13% | |
| Iron & Steel | - | - | - | 0.46% | |
| Aluminum | - | - | - | 0.17% | |
| Copper | - | - | - | 0.08% | |
| Nonferrous Metals | - | - | - | 0.08% | |
| Metal Fabricating | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.37% | - | |
| Gold Mining | - | - | - | 0.33% | |
| Platinum & Precious Metals | - | - | - | 0.04% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.21% | - | |
| Paper | - | - | - | 0.14% | |
| Diversified Materials | - | - | - | 0.07% | |
| Chemicals | - | 1.49% | - | - | |
| Chemicals | - | - | 1.49% | - | |
| Chemicals: Diversified | - | - | - | 0.81% | |
| Specialty Chemicals | - | - | - | 0.47% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.12% | |
| Fertilizers | - | - | - | 0.08% | |
| Energy | 3.15% | - | - | - | |
| Energy | - | 3.15% | - | - | |
| Non-Renewable Energy | - | - | 3.10% | - | |
| Integrated Oil & Gas | - | - | - | 1.34% | |
| Oil: Crude Producers | - | - | - | 0.69% | |
| Oil Refining and Marketing | - | - | - | 0.58% | |
| Oil Equipment & Services | - | - | - | 0.25% | |
| Pipelines | - | - | - | 0.25% | |
| Coal | - | - | - | 0.01% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.05% | - | |
| Renewable Energy Equipment | - | - | - | 0.04% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Utilities | 2.94% | - | - | - | |
| Utilities | - | 2.94% | - | - | |
| Electricity | - | - | 2.03% | - | |
| Conventional Electricity | - | - | - | 1.71% | |
| Alternative Electricity | - | - | - | 0.32% | |
| Gas, Water & Multi-utilities | - | - | 0.79% | - | |
| Multi-Utilities | - | - | - | 0.47% | |
| Gas Distribution | - | - | - | 0.33% | |
| Waste & Disposal Services | - | - | 0.11% | - | |
| Waste & Disposal Services | - | - | - | 0.11% | |
| Real Estate | 2.45% | - | - | - | |
| Real Estate | - | 2.45% | - | - | |
| Real Estate Investment Trusts | - | - | 1.51% | - | |
| Retail REITs | - | - | - | 0.39% | |
| Diversified REITs | - | - | - | 0.38% | |
| Office REITs | - | - | - | 0.19% | |
| Timber REITs | - | - | - | 0.18% | |
| Industrial REITs | - | - | - | 0.13% | |
| Residential REITs | - | - | - | 0.12% | |
| Health Care REITs | - | - | - | 0.08% | |
| Hotel & Lodging REITs | - | - | - | 0.02% | |
| Infrastructure REITs | - | - | - | 0.01% | |
| Real Estate Investment & Services | - | - | 0.94% | - | |
| Real Estate Holding and Development | - | - | - | 0.85% | |
| Real Estate Services | - | - | - | 0.08% | |
| Non-Classified | 2.12% | - | - | - | |
| Non-Classified | - | 0.23% | - | - | |
| Non-Classified | - | - | 0.23% | - | |
| Non-Classified | - | - | - | 0.23% | |
| Bonds | 0.16% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 21.93% | |
| Developed Europe - Excl UK | 20.52% | |
| Emerging Asia | 20.36% | |
| Japan | 11.18% | |
| Cash and Equivalents | 10.13% | |
| Australia & New Zealand | 6.87% | |
| Developed Asia | 3.54% | |
| Non-Classified | 2.59% | |
| Property | 1.13% | |
| Other Regions | 1.76% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 89.71% | |
| Cash | 10.13% | |
| Euro | 0.10% | |
| Swiss Franc | 0.04% | |
| US Dollar | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 21.93% | - | |
United States
|
- | 19.39% | |
Canada
|
- | 2.54% | |
| Developed Europe - Excl UK | 20.52% | - | |
France
|
- | 4.14% | |
Switzerland
|
- | 3.88% | |
Germany
|
- | 3.01% | |
Netherlands
|
- | 2.12% | |
Denmark
|
- | 1.55% | |
Spain
|
- | 1.44% | |
Sweden
|
- | 1.29% | |
Ireland
|
- | 1.00% | |
Italy
|
- | 0.82% | |
Finland
|
- | 0.43% | |
Belgium
|
- | 0.36% | |
Norway
|
- | 0.25% | |
Portugal
|
- | 0.17% | |
Luxembourg
|
- | 0.05% | |
Austria
|
- | 0.02% | |
| Emerging Asia | 20.36% | - | |
Taiwan
|
- | 9.32% | |
South Korea
|
- | 5.39% | |
China
|
- | 1.77% | |
India
|
- | 1.73% | |
Thailand
|
- | 1.00% | |
Malaysia
|
- | 0.97% | |
Indonesia
|
- | 0.12% | |
Philippines
|
- | 0.06% | |
| Japan | 11.18% | - | |
Japan
|
- | 11.18% | |
| Cash and Equivalents | 10.13% | - | |
| Australia & New Zealand | 6.87% | - | |
Australia
|
- | 6.43% | |
New Zealand
|
- | 0.38% | |
New Caledonia
|
- | 0.05% | |
| Developed Asia | 3.54% | - | |
Hong Kong
|
- | 2.32% | |
Singapore
|
- | 1.21% | |
| Non-Classified | 2.59% | - | |
| Property | 1.13% | - | |
| South & Central America | 0.63% | - | |
Brazil
|
- | 0.37% | |
Mexico
|
- | 0.17% | |
Chile
|
- | 0.06% | |
Colombia
|
- | 0.02% | |
| Emerging Europe | 0.58% | - | |
Turkey
|
- | 0.25% | |
Greece
|
- | 0.17% | |
Poland
|
- | 0.08% | |
Hungary
|
- | 0.04% | |
Czech Republic
|
- | 0.04% | |
Russian Federation
|
- | 0.00% | |
| Middle East & Africa | 0.47% | - | |
South Africa
|
- | 0.27% | |
United Arab Emirates
|
- | 0.15% | |
Saudi Arabia
|
- | 0.04% | |
Israel
|
- | 0.01% | |
| UK | 0.09% | - | |
United Kingdom
|
- | 0.09% | |
Breakdown By Market Cap (%)
| Mega |
|
55.07% |
| Large |
|
22.14% |
| Medium |
|
5.57% |
| Small |
|
0.15% |
| Non-Classified |
|
6.77% |
| Bonds |
|
0.16% |
| Cash |
|
10.13% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.17% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 1.42% | Telecommunications Equipment | South Korea |
| 3 | APPLE | 0.96% | Technology Hardware & Equipment | United States |
| 4 | MICROSOFT CORPORATION | 0.89% | Software & Computer Services | United States |
| 5 | COMMONWEALTH BANK OF AUSTRALIA | 0.86% | Banks | Australia |
| 6 | NVIDIA CORPORATION | 0.86% | Technology Hardware & Equipment | United States |
| 7 | SAP SE | 0.75% | Software & Computer Services | Germany |
| 8 | NESTLE S.A. | 0.75% | Food Producers | Switzerland |
| 9 | NOVO NORDISK A/S | 0.75% | Pharmaceuticals & Biotechnology | Denmark |
| 10 | NOVARTIS AG | 0.73% | Pharmaceuticals & Biotechnology | Switzerland |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 18.04% | - | - | - | - | - | - | 18.04% |
| Telecommunications | - | 4.12% | - | 0.10% | - | - | - | - | 4.22% |
| Financials | - | 18.25% | - | 0.04% | - | - | - | - | 18.29% |
| Real Estate | - | 1.32% | - | - | - | 1.13% | 0.01% | - | 2.46% |
| Consumer Discretionary | - | 10.43% | - | 0.02% | - | - | - | - | 10.45% |
| Consumer Staples | 0.08% | 4.14% | - | - | - | - | - | - | 4.22% |
| Energy | - | 3.15% | - | - | - | - | - | - | 3.15% |
| Utilities | - | 2.94% | - | - | - | - | - | - | 2.94% |
| Health Care | - | 7.86% | - | - | - | - | - | - | 7.86% |
| Industrials | - | 12.16% | - | - | - | - | - | - | 12.16% |
| Basic Materials | - | 3.98% | - | - | - | - | 0.01% | - | 3.99% |
| Cash and Equivalents | - | - | - | - | - | - | - | 10.13% | 10.13% |
| Non-Classified | - | 0.12% | - | - | - | - | 1.97% | - | 2.09% |
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 | 3169395 |
| Mex Code | PUOEU |
| Isin Code | GB0031693954 |
| Citi Code | P281 |
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 PP Overseas Equity Index Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The 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, the Sub-Investment Manager aims to 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 |
| ABI Sector | Global Equities |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.60 |
| Beta | 0.99 |
| Sharpe | 0.23 |
| Standard Deviation | 10.74 |
| Info Ratio | -0.16 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| 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 | No |
| 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 | No |
| 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).
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.
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.