Prudential UK Equity S1
Performance
Discrete performance - to latest available quarter end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | -13.2% | 26.6% | -7.2% | 6.0% | 12.1% |
| Benchmark | -13.0% | 21.5% | 1.6% | 7.9% | 13.0% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2024 |
3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
|
| Fund | 5.0% | 3.3% | 3.9% | 4.9% |
| Benchmark | 3.7% | 7.4% | 5.5% | 5.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 7.33 |
| HSBC HOLDINGS | 6.54 |
| UNILEVER | 4.31 |
| SHELL | 3.83 |
| BP | 3.70 |
| GSK | 2.68 |
| DIAGEO | 2.34 |
| LONDON STOCK EXCHANGE GROUP | 2.25 |
| RELX | 1.83 |
| RECKITT BENCKISER GROUP | 1.80 |
| Total | 36.61 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G UK Equity Fund - the underlying fund.
Underlying Fund Objective: The fund invests, via other M&G funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To outperform the benchmark by 0.75% - 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 (22/08/2024) | 9.69 |
| Offer (22/08/2024) | 10.20 |
| Fund size (30/06/2024) | £123.53m |
| Underlying Fund size | £293.92m |
| Number of holdings | 698 |
| Launch date | 02/07/1991 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.02% |
| Yearly Total | 0.77% |
Asset Allocation
| UK Equities | 91.78% | |
| International Equities | 2.48% | |
| Property | 1.99% | |
| Cash and Equivalents | 1.61% | |
| Investment Trusts | 1.22% | |
| Alternative Trading Strategies | 0.07% | |
| Other Assets | 0.85% |
Commentary
Performance as at Q2 2024 - The UK stockmarket continued to advance, making solid gains in the second quarter, and it was ahead of the wider market. UK inflation slowed to reach the Bank of England 2.0% target, in turn bolstering hopes that interest rate cuts would follow in the near term. Small-cap stocks outperformed their larger counterparts over the quarter. In this environment, the fund gained and was ahead of its benchmark. The Recovery and the UK Equity Dividend funds were ahead of their respective indices, while UK Equity Growth and Smaller Companies funds underperformed their indices. The Recovery Fund’s outperformance was driven by stock selection, particularly within consumer staples, industrials and healthcare. Contributors included biotech and medical research company Mesoblast, which recently reached a significant milestone, with the US Food and Drug Administrator inviting the company to apply for approval for remestemcel-L with no further trials required. Overweight positions in International Distribution Services and Hargreaves Lansdown also added value. International Distribution Services’ board has recommended an offer at a 70% premium to the pre-offer price, pushing up the share price year to date by around 20%. Hargreaves Lansdown shares were up after an improved bid by a trio of private equity firms that values the firm at over £5 billion. The Equity Dividend Fund’s performance was supported by sector allocation, with below-index positions in consumer discretionary, consumer staples and industrials adding value. Stock selection was also positive for performance. Contributors included BT, which increased its dividend and offered cash flow guidance to 2030 as its fibre rollout nears completion, leading to an uptick in free cash flow. Hargreaves Lansdown and International Distribution Services also added value, as mentioned above. In contrast, global sports betting and gaming company Entain detracted. The firm’s UK online revenue was down year on year in the first quarter of this year as regulatory pressure weighed on its margins. The relative performance of the Smaller Companies Fund was held back by sector allocation and stock selection. Detractors included oil & gas producer Serica Energy, which has been hurt by concerns over changes in the political environment. M&A activity was beneficial for the fund in the quarter. For example Tyman, which supplies engineered components to the door and window industry, and Alpha Financial Markets Consulting received bid approaches and added notable value. Finally, the Equity Growth Fund’s sector allocation detracted modestly, while stock selection was broadly neutral. Detractors included beverage firm Diageo. The US market remains under pressure and is taking longer to recover than initially expected. Positions in investment platform operators IntegraFin and AJ Bell added value. IntegraFin reported a strong financial operational first half to the year and its shares rebounded strongly over the quarter. AJ Bell had another strong quarter for net inflows, outperforming the majority of its peers in the process.
Source: M&G
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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
| UK Equities | 91.78% | |
| International Equities | 2.48% | |
| Property | 1.99% | |
| Cash and Equivalents | 1.61% | |
| Investment Trusts | 1.22% | |
| Alternative Trading Strategies | 0.07% | |
| Other Assets | 0.85% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 23.38% | - | - | - | |
| Banks | - | 9.96% | - | - | |
| Banks | - | - | 9.96% | - | |
| Banks | - | - | - | 9.96% | |
| Financial Services | - | 9.38% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.52% | - | |
| Asset Managers & Custodians | - | - | - | 4.57% | |
| Investment Services | - | - | - | 0.89% | |
| Diversified Financial Services | - | - | - | 0.05% | |
| Finance & Credit Services | - | - | 2.63% | - | |
| Financial Data & Systems | - | - | - | 2.25% | |
| Mortgage Finance | - | - | - | 0.30% | |
| Consumer Lending | - | - | - | 0.08% | |
| Equity Investment Instruments | - | - | 1.23% | - | |
| Equity Investment Instruments | - | - | - | 1.23% | |
| Insurance | - | 4.04% | - | - | |
| Life Insurance | - | - | 2.72% | - | |
| Life Insurance | - | - | - | 2.72% | |
| Non-life Insurance | - | - | 1.32% | - | |
| Property & Casualty Insurance | - | - | - | 1.02% | |
| Full Line Insurance | - | - | - | 0.20% | |
| Reinsurance | - | - | - | 0.09% | |
| Industrials | 13.29% | - | - | - | |
| Industrial Goods & Services | - | 11.41% | - | - | |
| Industrial Support Services | - | - | 3.89% | - | |
| Professional Business Support Services | - | - | - | 2.71% | |
| Business Training & Employment Agencies | - | - | - | 0.79% | |
| Industrial Suppliers | - | - | - | 0.21% | |
| Transaction Processing Services | - | - | - | 0.13% | |
| Security Services | - | - | - | 0.04% | |
| Aerospace & Defence | - | - | 2.33% | - | |
| Defense | - | - | - | 1.35% | |
| Aerospace | - | - | - | 0.98% | |
| Industrial Engineering | - | - | 1.61% | - | |
| Machinery: Industrial | - | - | - | 0.86% | |
| Machinery: Construction & Handling | - | - | - | 0.61% | |
| Machinery: Specialty | - | - | - | 0.13% | |
| General Industrials | - | - | 1.45% | - | |
| Diversified Industrials | - | - | - | 0.74% | |
| Containers & Packaging | - | - | - | 0.71% | |
| Industrial Transportation | - | - | 1.16% | - | |
| Marine Transportation | - | - | - | 0.41% | |
| Delivery Services | - | - | - | 0.38% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.28% | |
| Transportation Services | - | - | - | 0.09% | |
| Electronic & Electrical Equipment | - | - | 0.98% | - | |
| Electrical Components | - | - | - | 0.53% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.23% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.21% | |
| Construction & Materials | - | 1.87% | - | - | |
| Construction & Materials | - | - | 1.87% | - | |
| Construction | - | - | - | 0.69% | |
| Engineering & Contracting Services | - | - | - | 0.43% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.36% | |
| Building Materials: Other | - | - | - | 0.33% | |
| Cement | - | - | - | 0.07% | |
| Consumer Staples | 12.67% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 7.35% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 7.35% | - | |
| Personal Products | - | - | - | 4.31% | |
| Nondurable Household Products | - | - | - | 1.80% | |
| Food Retailers & Wholesalers | - | - | - | 1.24% | |
| Food, Beverage & Tobacco | - | 5.32% | - | - | |
| Beverages | - | - | 3.52% | - | |
| Distillers & Vintners | - | - | - | 2.40% | |
| Soft Drinks | - | - | - | 1.12% | |
| Food Producers | - | - | 1.48% | - | |
| Food Products | - | - | - | 1.40% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.08% | |
| Tobacco | - | - | 0.32% | - | |
| Tobacco | - | - | - | 0.32% | |
| Health Care | 12.12% | - | - | - | |
| Health Care | - | 12.12% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 11.78% | - | |
| Pharmaceuticals | - | - | - | 10.87% | |
| Biotechnology | - | - | - | 0.91% | |
| Medical Equipment & Services | - | - | 0.33% | - | |
| Medical Equipment | - | - | - | 0.24% | |
| Medical Supplies | - | - | - | 0.09% | |
| Consumer Discretionary | 10.34% | - | - | - | |
| Media | - | 4.33% | - | - | |
| Media | - | - | 4.33% | - | |
| Publishing | - | - | - | 2.59% | |
| Media Agencies | - | - | - | 1.26% | |
| Radio & TV Broadcasters | - | - | - | 0.47% | |
| Entertainment | - | - | - | 0.00% | |
| Consumer Products & Services | - | 2.64% | - | - | |
| Consumer Services | - | - | 1.13% | - | |
| Vending & Catering Service | - | - | - | 1.12% | |
| Consumer Services: Misc. | - | - | - | 0.01% | |
| Household Goods & Home Construction | - | - | 0.87% | - | |
| Home Construction | - | - | - | 0.87% | |
| Household Furnishings | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.40% | - | |
| Toys | - | - | - | 0.40% | |
| Electronic Entertainment | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.23% | - | |
| Clothing & Accessories | - | - | - | 0.23% | |
| Travel & Leisure | - | 1.84% | - | - | |
| Travel & Leisure | - | - | 1.84% | - | |
| Hotels & Motels | - | - | - | 0.54% | |
| Recreational Services | - | - | - | 0.47% | |
| Casinos & Gambling | - | - | - | 0.31% | |
| Restaurants & Bars | - | - | - | 0.27% | |
| Travel & Tourism | - | - | - | 0.20% | |
| Airlines | - | - | - | 0.05% | |
| Retail | - | 1.46% | - | - | |
| Retailers | - | - | 1.46% | - | |
| Home Improvement Retailers | - | - | - | 0.84% | |
| Diversified Retailers | - | - | - | 0.28% | |
| Specialty Retailers | - | - | - | 0.23% | |
| Apparel Retailers | - | - | - | 0.11% | |
| Automobiles & Parts | - | 0.07% | - | - | |
| Automobiles & Parts | - | - | 0.07% | - | |
| Auto Parts | - | - | - | 0.06% | |
| Automobiles | - | - | - | 0.01% | |
| Energy | 8.97% | - | - | - | |
| Energy | - | 8.97% | - | - | |
| Non-Renewable Energy | - | - | 8.61% | - | |
| Integrated Oil & Gas | - | - | - | 7.94% | |
| Oil: Crude Producers | - | - | - | 0.57% | |
| Oil Equipment & Services | - | - | - | 0.09% | |
| Renewable Energy | - | - | 0.37% | - | |
| Alternative Fuels | - | - | - | 0.32% | |
| Renewable Energy Equipment | - | - | - | 0.04% | |
| Basic Materials | 5.55% | - | - | - | |
| Basic Resources | - | 4.57% | - | - | |
| Industrial Metals & Mining | - | - | 4.41% | - | |
| General Mining | - | - | - | 3.57% | |
| Copper | - | - | - | 0.53% | |
| Metal Fabricating | - | - | - | 0.16% | |
| Nonferrous Metals | - | - | - | 0.11% | |
| Iron & Steel | - | - | - | 0.04% | |
| Precious Metals & Mining | - | - | 0.15% | - | |
| Gold Mining | - | - | - | 0.12% | |
| Platinum & Precious Metals | - | - | - | 0.03% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.00% | - | |
| Diversified Materials | - | - | - | 0.00% | |
| Chemicals | - | 0.99% | - | - | |
| Chemicals | - | - | 0.99% | - | |
| Chemicals: Diversified | - | - | - | 0.64% | |
| Specialty Chemicals | - | - | - | 0.35% | |
| Utilities | 3.28% | - | - | - | |
| Utilities | - | 3.28% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.47% | - | |
| Multi-Utilities | - | - | - | 1.73% | |
| Water | - | - | - | 0.75% | |
| Electricity | - | - | 0.80% | - | |
| Conventional Electricity | - | - | - | 0.80% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Technology | 2.92% | - | - | - | |
| Technology | - | 2.92% | - | - | |
| Software & Computer Services | - | - | 2.33% | - | |
| Software | - | - | - | 1.31% | |
| Consumer Digital Services | - | - | - | 0.71% | |
| Computer Services | - | - | - | 0.31% | |
| Technology Hardware & Equipment | - | - | 0.59% | - | |
| Semiconductors | - | - | - | 0.47% | |
| Electronic Components | - | - | - | 0.10% | |
| Production Technology Equipment | - | - | - | 0.01% | |
| Real Estate | 2.86% | - | - | - | |
| Real Estate | - | 2.86% | - | - | |
| Real Estate Investment Trusts | - | - | 2.56% | - | |
| Industrial REITs | - | - | - | 0.95% | |
| Diversified REITs | - | - | - | 0.54% | |
| Office REITs | - | - | - | 0.48% | |
| Residential REITs | - | - | - | 0.23% | |
| Retail REITs | - | - | - | 0.19% | |
| Storage REITs | - | - | - | 0.12% | |
| Other Specialty REITs | - | - | - | 0.03% | |
| Health Care REITs | - | - | - | 0.03% | |
| Real Estate Investment & Services | - | - | 0.29% | - | |
| Real Estate Services | - | - | - | 0.18% | |
| Real Estate Holding and Development | - | - | - | 0.11% | |
| Non-Classified | 1.68% | - | - | - | |
| Cash and Equivalents | 1.61% | - | - | - | |
| Telecommunications | 1.26% | - | - | - | |
| Telecommunications | - | 1.26% | - | - | |
| Telecommunications Service Providers | - | - | 1.26% | - | |
| Telecommunications Services | - | - | - | 1.26% | |
| Alternative Trading Strategies | 0.07% | - | - | - | |
| Alternative Trading Strategies | - | 0.07% | - | - | |
| Alternative Trading Strategies | - | - | 0.07% | - | |
| Alternative Trading Strategies | - | - | - | 0.07% | |
Regional Allocation
| UK | 92.03% | |
| Non-Classified | 2.23% | |
| Property | 2.11% | |
| Cash and Equivalents | 1.61% | |
| Developed Europe - Excl UK | 1.44% | |
| Australia & New Zealand | 0.21% | |
| North America | 0.20% | |
| Middle East & Africa | 0.09% | |
| Developed Asia | 0.07% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.76% | |
| Cash | 2.23% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 92.03% | - | |
United Kingdom
|
- | 91.85% | |
Jersey
|
- | 0.19% | |
Isle of Man
|
- | 0.16% | |
Guernsey
|
- | 0.00% | |
| Non-Classified | 2.23% | - | |
| Property | 2.11% | - | |
| Cash and Equivalents | 1.61% | - | |
| Developed Europe - Excl UK | 1.44% | - | |
Ireland
|
- | 1.18% | |
Switzerland
|
- | 0.23% | |
Netherlands
|
- | 0.02% | |
Germany
|
- | 0.01% | |
Luxembourg
|
- | 0.00% | |
France
|
- | 0.00% | |
Sweden
|
- | 0.00% | |
| Australia & New Zealand | 0.21% | - | |
Australia
|
- | 0.21% | |
| North America | 0.20% | - | |
Canada
|
- | 0.14% | |
United States
|
- | 0.06% | |
| Middle East & Africa | 0.09% | - | |
Israel
|
- | 0.09% | |
| Developed Asia | 0.07% | - | |
Singapore
|
- | 0.07% | |
Hong Kong
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
44.10% |
| Large |
|
14.10% |
| Medium |
|
15.52% |
| Small |
|
9.77% |
| Micro |
|
2.78% |
| Non-Classified |
|
12.12% |
| Cash |
|
1.61% |
Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G (ACS) BlackRock UK All Share Equity PA | 48.34% | Managed Funds | Managed Funds |
| 2 | M&G PP UK Equity Growth | 19.75% | Managed Funds | Managed Funds |
| 3 | M&G PP UK Equity Dividend | 14.02% | Managed Funds | Managed Funds |
| 4 | M&G PP Recovery Fund | 13.83% | Managed Funds | Managed Funds |
| 5 | M&G PP UK Smaller Companies Fund | 4.13% | Managed Funds | Managed Funds |
| 6 | M&G PP UK Equity 350 Passive | 0.00% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 7.33% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | HSBC HOLDINGS | 6.54% | Banks | United Kingdom |
| 3 | UNILEVER | 4.31% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 4 | SHELL | 3.83% | Non-Renewable Energy | United Kingdom |
| 5 | BP | 3.70% | Non-Renewable Energy | United Kingdom |
| 6 | GSK | 2.68% | Pharmaceuticals & Biotechnology | United Kingdom |
| 7 | DIAGEO | 2.34% | Beverages | United Kingdom |
| 8 | LONDON STOCK EXCHANGE GROUP | 2.25% | Finance & Credit Services | United Kingdom |
| 9 | RELX | 1.83% | Media | United Kingdom |
| 10 | RECKITT BENCKISER GROUP | 1.80% | Personal Care, Drug & Grocery Stores | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 2.88% | 0.04% | - | - | - | - | - | - | 2.92% |
| Telecommunications | 1.26% | - | - | - | - | - | - | - | 1.26% |
| Financials | 21.87% | 0.29% | - | - | - | - | 1.22% | - | 23.38% |
| Real Estate | 0.92% | - | - | - | - | 1.93% | 0.02% | - | 2.88% |
| Consumer Discretionary | 10.06% | 0.28% | - | - | - | - | - | - | 10.34% |
| Consumer Staples | 12.25% | 0.42% | - | - | - | - | - | - | 12.67% |
| Energy | 8.97% | - | - | - | - | - | - | - | 8.97% |
| Utilities | 3.28% | - | - | - | - | - | 0.04% | - | 3.32% |
| Health Care | 11.90% | 0.22% | - | - | - | - | - | - | 12.12% |
| Industrials | 13.19% | 0.10% | - | - | - | - | - | - | 13.29% |
| Basic Materials | 4.87% | 0.69% | - | - | - | - | - | - | 5.55% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.61% | 1.61% |
| Non-Classified | 0.33% | 0.44% | - | - | - | 0.05% | 0.85% | - | 1.68% |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 | 0702265 |
| Mex Code | PUPME |
| Isin Code | GB0007022659 |
| Citi Code | PS18 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.02% |
| Yearly Total | 0.77% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G UK Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis. |
| Benchmark | FTSE All-Share Index |
| Sector | ABI UK All Companies |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 | 0.16 |
| Beta | 1.03 |
| Sharpe | 0.09 |
| Standard Deviation | 12.12 |
| Info Ratio | 0.11 |
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 | Yes |
| 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 | 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).
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
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.
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
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.
Higher Risk
These are specialist equity funds that focus on set geographical regions or a particular type of share e.g. shares of smaller companies or those that conform to certain criteria.
Help
Important Information
This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.