PIA M&G Episode Allocation Ser B
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 21.6% | 3.2% | 0.7% | 9.5% | 3.5% |
| Sector | 16.1% | 1.3% | -4.2% | 6.3% | 2.4% |
| Rank | 61/260 | 102/276 | 14/279 | 55/291 | 83/295 |
| Quartile | 1 | 2 | 1 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 4.5% | 7.5% | 3.5% | |
| Sector | 1.4% | 4.2% | 2.9% | |
| Rank | 6/278 | 15/259 | 54/185 | |
| Quartile | 1 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 3¾% Treasury Gilt 2053 | 13.52 |
| Cash | 7.90 |
| Cash | 7.29 |
| iShares iShares III plc Core MSCI World UCITS ETF USD (Acc) | 5.16 |
| Amundi ETF Amundi S&P 500 II UCITS ETF - | 5.01 |
| TREASURY (CPI) NOTE 0.125% 15/02/2052 | 2.65 |
| XTrackers Xtrackers Spain UCITS ETF Class 1C | 2.06 |
| MEXICO (UNITED MEXICAN STATES) (GO 8% 07/11/2047 | 2.04 |
| iShares iShares plc MSCI Brazil UCITS ETF USD (Dist) | 2.04 |
| XTrackers Xtrackers FTSE MIB UCITS ETF Class 1D | 1.99 |
| Total | 49.67 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund - the underlying fund.
Underlying Fund Objective: The fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five year period. There is no guarantee that the fund will achieve a positive return over five years, or any other period, and investors may not get back the original amount they invested. It is a multi-asset fund that invests across a range of asset classes, including equities, fixed income securities, convertibles, cash and near cash. Exposure to these assets may be gained either directly or indirectly via collective investment schemes or derivatives. The fund may also invest indirectly via collective investment schemes or derivatives in other asset classes such as property and gold. The currency exposure of the fund will be actively managed, seeking to enhance returns, with a minimum of 30% of the fund exposed to sterling and a minimum of 60% in developed market currencies (including sterling). Derivatives may be used for investment purposes, efficient portfolio management and hedging.
Fund Manager
Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the multi asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Cautious Multi Asset Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.
Stuart Canning has worked with the multi asset team for twelve years and a research analyst since 2015. In those twelve years Stuart has worked closely across the various funds managed the team, and particularly closely with Tony Finding on the M&G Episode Allocation Fund. As well as providing input to investment decision making, Stuart has worked extensively on the marketing material of the M&G Episode Allocation fund to launch the proposition in the institutional space (as a competitor to ‘Diversified growth’ strategies). Stuart also represents the investment team in direct client and prospect meetings for this and other funds. Stuart has also been responsible for driving the written marketing material for the team, having written extensively for the Cayman-based Episode fund for over a decade and leading the team’s blog. Stuart is a Chartered Financial Analyst and has a degree in English and History from the University of York.
Alex Houlding joined M&G as a graduate in 2014 and rotated through various investment teams before joining the Multi Asset team as an analyst in September 2015. He has a degree in economics from the University of Cambridge and has passed all 3 levels of the CFA Programme.
Fund Overview
| Bid (17/04/2025) | 3.40 |
| Offer (17/04/2025) | 3.58 |
| Fund size (28/02/2025) | £4.99m |
| Underlying Fund size | £294.55m |
| Number of holdings | 7465 |
| Launch date | 09/04/2003 |
Fund Charges
| Annual Management Charge (AMC) | 1.30% |
| Further Costs | 0.00% |
| Yearly Total | 1.30% |
Asset Allocation
| International Equities | 22.29% | |
| Alternative Trading Strategies | 16.85% | |
| UK Corporate Bonds | 16.54% | |
| UK Gilts | 13.52% | |
| International Bonds | 12.97% | |
| UK Equities | 2.65% | |
| Commodities | 2.45% | |
| Property | 0.08% | |
| Money Market | 0.00% | |
| Other Assets | 12.65% |
Commentary
Not currently available.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
