PIA Risk Managed Active 5 Ser B
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 0.5% | 7.3% | -3.5% | 0.6% | 11.9% |
| Sector | 5.4% | 9.3% | -4.1% | 1.2% | 12.6% |
| Rank | 110/129 | 81/135 | 64/141 | 76/141 | 75/142 |
| Quartile | 4 | 3 | 2 | 3 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 2.8% | 3.2% | 4.3% | |
| Sector | 3.0% | 4.7% | 5.3% | |
| Rank | 60/140 | 82/128 | 52/78 | |
| Quartile | 2 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| L&G FREEHOLD PROPERTY | 2.32 |
| iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) | 2.20 |
| M&G EUROPEAN PROPERTY | 0.96 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.78 |
| ASTRAZENECA | 0.62 |
| HSBC HOLDINGS | 0.61 |
| GBP FWD ASSET 18 NOV 2024 | 0.57 |
| TENCENT HOLDINGS LIMITED | 0.51 |
| UNILEVER | 0.48 |
| SAMSUNG ELECTRONICS CO. LTD | 0.42 |
| Total | 9.48 |
Fund Aims
Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Active 5 Fund - the underlying fund.
Underlying Fund Objective: The fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 17%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 17%. Capital invested is at risk. The fund aims to achieve its objective through investing at least 70% in actively managed collective investment schemes. The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure towards higher risk assets, such as equities.
Fund Manager
The M&G Treasury and Investment Office (T&IO) is our team of in-house investment strategists and ‘manager of managers’ for Pru in the UK. They are independent of the various underlying asset management businesses within M&G plc and carry out various stages of the investment process including setting the strategic asset allocation, manager selection and oversight and portfolio management*. The team includes investment professionals with expertise in capital market research, investment strategy design, liability management, derivatives and portfolio management*.
* M&G Investment Management Ltd are the investment managers for the WS Prudential Risk Managed Active and Risk Managed Passive Funds. They make the relevant adjustments to the portfolios based on T&IO recommendations.
Fund Overview
| Bid (20/12/2024) | 2.20 |
| Offer (20/12/2024) | 2.20 |
| Fund size (31/10/2024) | £6.57m |
| Underlying Fund size | £142.77m |
| Number of holdings | 7924 |
| Launch date | 25/01/2010 |
Fund Charges
| Annual Management Charge (AMC) | 1.44% |
| Further Costs | 0.13% |
| Yearly Total | 1.57% |
Asset Allocation
| International Equities | 40.00% | |
| International Bonds | 16.03% | |
| UK Equities | 15.20% | |
| Property | 7.99% | |
| Alternative Trading Strategies | 6.47% | |
| Cash and Equivalents | 3.03% | |
| Investment Trusts | 2.53% | |
| UK Corporate Bonds | 2.45% | |
| UK Gilts | 0.27% | |
| Other Assets | 6.03% |
Commentary
The following commentary is for the underlying OEIC which the fund invests into:
November 2024 Investment Summary
A positive month for the Active range with returns ranging from +0.51% for Active 1 to +1.72% for Active 5.
*P Acc share class with data sourced from FE analytics as at 29 November 2024.
November 2024 was a better month for portfolios generally.
Most major equity markets saw gains in November, with global stocks rising back to all-time highs. Chinese stocks pared back last month’s gains. The Nasdaq and S&P 500 rose from last month, with the S&P 500 increasing 5.4% and Nasdaq 7.5%. Financials and Consumer Discretionary led the sector specific performance, while healthcare continued to lag. The FTSE 100 made smaller gains of 1.7%, with markets recouping losses from the fallout of October’s UK budget announcement. The Stoxx Europe 600 Index was flat this month with Information Technology and Communication services the top two sectors registering a positive return over the month.
Donald Trump was announced as the new US President at the start of November, with a Republican party sweep secured. Government bond prices were higher as the ten-year Treasury yield lowered to 4.18% from 4.28% over the month, hovering at seven week lows, with investors concerned that Trump’s policy proposals could be inflationary. Federal Reserve chair Jay Powell stated the Fed will wait and see how Trump’s plans unfold before it makes policy adjustments. “The decisions we’re making right now are not about that” “they’re about what’s happening in the economy now”. It remains prepared to respond, if labour market data weakens unexpectedly, with markets pricing a further 0.25% cut at the next meeting in December at 87%.
US labour market data this month showed payrolls increased by 227,000 in November, higher than forecast. It marks a strong recovery from October’s weak “hurricane affected” jobs report - the weakest since December 2020, and highlights the current labour markets resilience. US retail sales, measuring the quantity of goods bought, rose slightly more than expected while consumer confidence rose for the fifth month running to a seven-month high, as household expectations for business conditions and personal finances improved after the US Election. Unemployment data increased to 4.2%, from October’s four month low of 4.1%.
Tensions in the Middle East and the prospect of further escalation in the region have subsided somewhat. A US-brokered ceasefire has taken effect in Lebanon raising hopes of an end to the year- long conflict between Israel and Hezbollah. The agreement calls for an initial 60-day ceasefire and the withdrawal of the Lebanese militant group and Israeli troops from southern Lebanon. The conflicts impact still remains limited on the global economy as Brent Crude prices remain range-bound rising to $74/barrel from $73/barrel in November.
Central banks cutting cycles have been rapidly reassessed in recent weeks, following stronger data, fiscal/policy uncertainty and some stickier inflation. A robust US economy, with the potential for increased spending and tax cuts, should be good for risk assets, but regional differentiation could be larger than usual, with decoupled economic cycles and the potential for trade wars. Heightened geo-political tensions remain a significant near-term risk.
WS Prudential Risk Managed Active - Tactical asset allocation activity
We currently have an equity overweight of +1.35%, made up of a diversified basket across the US, UK, Asia and GEM. This is funded from small underweights in US Credit, European credit and cash. We also hold small overweight positions in US Treasuries, UK Gilts and Real Estate (REITs).
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 40.00% | |
| International Bonds | 16.03% | |
| UK Equities | 15.20% | |
| Property | 7.99% | |
| Alternative Trading Strategies | 6.47% | |
| Cash and Equivalents | 3.03% | |
| Investment Trusts | 2.53% | |
| UK Corporate Bonds | 2.45% | |
| UK Gilts | 0.27% | |
| Other Assets | 6.03% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 18.75% | - | - | - | |
| Financials | 15.02% | - | - | - | |
| Banks | - | 6.44% | - | - | |
| Banks | - | - | 6.44% | - | |
| Banks | - | - | - | 6.44% | |
| Financial Services | - | 6.14% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.96% | - | |
| Asset Managers & Custodians | - | - | - | 1.84% | |
| Investment Services | - | - | - | 0.73% | |
| Diversified Financial Services | - | - | - | 0.39% | |
| Equity Investment Instruments | - | - | 2.53% | - | |
| Equity Investment Instruments | - | - | - | 2.53% | |
| Finance & Credit Services | - | - | 0.64% | - | |
| Financial Data & Systems | - | - | - | 0.35% | |
| Consumer Lending | - | - | - | 0.18% | |
| Mortgage Finance | - | - | - | 0.10% | |
| Nonequity Investment Instruments | - | - | 0.00% | - | |
| Nonequity Investment Instruments | - | - | - | 0.00% | |
| Insurance | - | 2.44% | - | - | |
| Life Insurance | - | - | 1.26% | - | |
| Life Insurance | - | - | - | 1.26% | |
| Non-life Insurance | - | - | 1.18% | - | |
| Property & Casualty Insurance | - | - | - | 0.60% | |
| Full Line Insurance | - | - | - | 0.28% | |
| Insurance Brokers | - | - | - | 0.15% | |
| Reinsurance | - | - | - | 0.15% | |
| Non-Classified | 8.91% | - | - | - | |
| Non-Classified | - | 0.66% | - | - | |
| Non-Classified | - | - | 0.66% | - | |
| Non-Classified | - | - | - | 0.66% | |
| Industrials | 8.32% | - | - | - | |
| Industrial Goods & Services | - | 7.51% | - | - | |
| Industrial Transportation | - | - | 1.94% | - | |
| Railroads | - | - | - | 0.88% | |
| Transportation Services | - | - | - | 0.39% | |
| Marine Transportation | - | - | - | 0.31% | |
| Commercial Vehicles & Parts | - | - | - | 0.11% | |
| Delivery Services | - | - | - | 0.11% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.10% | |
| Railroad Equipment | - | - | - | 0.02% | |
| Trucking | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 1.59% | - | |
| Professional Business Support Services | - | - | - | 0.58% | |
| Industrial Suppliers | - | - | - | 0.47% | |
| Transaction Processing Services | - | - | - | 0.27% | |
| Business Training & Employment Agencies | - | - | - | 0.17% | |
| Security Services | - | - | - | 0.10% | |
| General Industrials | - | - | 1.21% | - | |
| Diversified Industrials | - | - | - | 0.76% | |
| Containers & Packaging | - | - | - | 0.39% | |
| Plastics | - | - | - | 0.03% | |
| Glass | - | - | - | 0.02% | |
| Paints & Coatings | - | - | - | 0.02% | |
| Electronic & Electrical Equipment | - | - | 0.97% | - | |
| Electrical Components | - | - | - | 0.56% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.17% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.16% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.05% | |
| Electronic Equipment: Other | - | - | - | 0.03% | |
| Industrial Engineering | - | - | 0.96% | - | |
| Machinery: Industrial | - | - | - | 0.34% | |
| Machinery: Construction & Handling | - | - | - | 0.27% | |
| Machinery: Engines | - | - | - | 0.17% | |
| Machinery: Tools | - | - | - | 0.12% | |
| Machinery: Specialty | - | - | - | 0.05% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 0.84% | - | |
| Defense | - | - | - | 0.46% | |
| Aerospace | - | - | - | 0.38% | |
| Construction & Materials | - | 0.80% | - | - | |
| Construction & Materials | - | - | 0.80% | - | |
| Building Materials: Other | - | - | - | 0.29% | |
| Construction | - | - | - | 0.20% | |
| Cement | - | - | - | 0.17% | |
| Building: Climate Control | - | - | - | 0.09% | |
| Engineering & Contracting Services | - | - | - | 0.03% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.02% | |
| Consumer Discretionary | 7.49% | - | - | - | |
| Retail | - | 2.23% | - | - | |
| Retailers | - | - | 2.23% | - | |
| Diversified Retailers | - | - | - | 1.28% | |
| Specialty Retailers | - | - | - | 0.42% | |
| Apparel Retailers | - | - | - | 0.30% | |
| Home Improvement Retailers | - | - | - | 0.23% | |
| Consumer Products & Services | - | 1.73% | - | - | |
| Household Goods & Home Construction | - | - | 0.63% | - | |
| Home Construction | - | - | - | 0.49% | |
| Household Appliance | - | - | - | 0.11% | |
| Household Equipment & Products | - | - | - | 0.02% | |
| Household Furnishings | - | - | - | 0.01% | |
| Personal Goods | - | - | 0.42% | - | |
| Clothing & Accessories | - | - | - | 0.18% | |
| Luxury Items | - | - | - | 0.16% | |
| Cosmetics | - | - | - | 0.04% | |
| Footwear | - | - | - | 0.04% | |
| Leisure Goods | - | - | 0.40% | - | |
| Consumer Electronics | - | - | - | 0.16% | |
| Electronic Entertainment | - | - | - | 0.08% | |
| Recreational Vehicles & Boats | - | - | - | 0.06% | |
| Photography | - | - | - | 0.04% | |
| Toys | - | - | - | 0.04% | |
| Recreational Products | - | - | - | 0.02% | |
| Consumer Services | - | - | 0.27% | - | |
| Vending & Catering Service | - | - | - | 0.18% | |
| Consumer Services: Misc. | - | - | - | 0.09% | |
| Education Services | - | - | - | 0.00% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Travel & Leisure | - | 1.34% | - | - | |
| Travel & Leisure | - | - | 1.34% | - | |
| Hotels & Motels | - | - | - | 0.50% | |
| Restaurants & Bars | - | - | - | 0.28% | |
| Airlines | - | - | - | 0.22% | |
| Casinos & Gambling | - | - | - | 0.19% | |
| Travel & Tourism | - | - | - | 0.12% | |
| Recreational Services | - | - | - | 0.03% | |
| Automobiles & Parts | - | 1.22% | - | - | |
| Automobiles & Parts | - | - | 1.22% | - | |
| Automobiles | - | - | - | 0.84% | |
| Auto Parts | - | - | - | 0.37% | |
| Tires | - | - | - | 0.00% | |
| Media | - | 0.98% | - | - | |
| Media | - | - | 0.98% | - | |
| Publishing | - | - | - | 0.38% | |
| Media Agencies | - | - | - | 0.34% | |
| Radio & TV Broadcasters | - | - | - | 0.19% | |
| Entertainment | - | - | - | 0.08% | |
| Alternative Trading Strategies | 6.47% | - | - | - | |
| Alternative Trading Strategies | - | 6.47% | - | - | |
| Alternative Trading Strategies | - | - | 6.47% | - | |
| Alternative Trading Strategies | - | - | - | 6.47% | |
| Technology | 6.42% | - | - | - | |
| Technology | - | 6.42% | - | - | |
| Software & Computer Services | - | - | 3.65% | - | |
| Consumer Digital Services | - | - | - | 1.93% | |
| Software | - | - | - | 0.94% | |
| Computer Services | - | - | - | 0.79% | |
| Technology Hardware & Equipment | - | - | 2.77% | - | |
| Semiconductors | - | - | - | 1.84% | |
| Computer Hardware | - | - | - | 0.38% | |
| Production Technology Equipment | - | - | - | 0.27% | |
| Electronic Components | - | - | - | 0.26% | |
| Electronic Office Equipment | - | - | - | 0.02% | |
| Consumer Staples | 3.79% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.97% | - | - | |
| Beverages | - | - | 1.12% | - | |
| Soft Drinks | - | - | - | 0.46% | |
| Distillers & Vintners | - | - | - | 0.37% | |
| Brewers | - | - | - | 0.29% | |
| Food Producers | - | - | 0.73% | - | |
| Food Products | - | - | - | 0.69% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.03% | |
| Sugar | - | - | - | 0.01% | |
| Fruit & Grain Processing | - | - | - | 0.01% | |
| Tobacco | - | - | 0.11% | - | |
| Tobacco | - | - | - | 0.11% | |
| Personal Care, Drug & Grocery Stores | - | 1.82% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.82% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.87% | |
| Personal Products | - | - | - | 0.62% | |
| Nondurable Household Products | - | - | - | 0.21% | |
| Drug Retailers | - | - | - | 0.12% | |
| Property | 3.69% | - | - | - | |
| Property | - | 3.69% | - | - | |
| Property | - | - | 3.69% | - | |
| Property | - | - | - | 3.69% | |
| Real Estate | 3.56% | - | - | - | |
| Real Estate | - | 3.56% | - | - | |
| Real Estate Investment Trusts | - | - | 2.52% | - | |
| Diversified REITs | - | - | - | 0.50% | |
| Industrial REITs | - | - | - | 0.46% | |
| Retail REITs | - | - | - | 0.31% | |
| Residential REITs | - | - | - | 0.25% | |
| Infrastructure REITs | - | - | - | 0.23% | |
| Office REITs | - | - | - | 0.23% | |
| Health Care REITs | - | - | - | 0.16% | |
| Other Specialty REITs | - | - | - | 0.16% | |
| Storage REITs | - | - | - | 0.15% | |
| Timber REITs | - | - | - | 0.04% | |
| Hotel & Lodging REITs | - | - | - | 0.03% | |
| Real Estate Investment & Services | - | - | 1.04% | - | |
| Real Estate Holding and Development | - | - | - | 0.75% | |
| Real Estate Services | - | - | - | 0.29% | |
| Health Care | 3.49% | - | - | - | |
| Health Care | - | 3.49% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.61% | - | |
| Pharmaceuticals | - | - | - | 2.35% | |
| Biotechnology | - | - | - | 0.26% | |
| Medical Equipment & Services | - | - | 0.58% | - | |
| Medical Equipment | - | - | - | 0.44% | |
| Medical Supplies | - | - | - | 0.13% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.30% | - | |
| Health Care Management Services | - | - | - | 0.18% | |
| Health Care Facilities | - | - | - | 0.08% | |
| Health Care Services | - | - | - | 0.04% | |
| Utilities | 3.21% | - | - | - | |
| Utilities | - | 3.21% | - | - | |
| Electricity | - | - | 1.88% | - | |
| Conventional Electricity | - | - | - | 1.81% | |
| Alternative Electricity | - | - | - | 0.07% | |
| Gas, Water & Multi-utilities | - | - | 1.29% | - | |
| Multi-Utilities | - | - | - | 0.90% | |
| Water | - | - | - | 0.24% | |
| Gas Distribution | - | - | - | 0.15% | |
| Waste & Disposal Services | - | - | 0.04% | - | |
| Waste & Disposal Services | - | - | - | 0.04% | |
| Cash and Equivalents | 3.03% | - | - | - | |
| Energy | 2.80% | - | - | - | |
| Energy | - | 2.80% | - | - | |
| Non-Renewable Energy | - | - | 2.71% | - | |
| Integrated Oil & Gas | - | - | - | 1.31% | |
| Pipelines | - | - | - | 0.58% | |
| Oil: Crude Producers | - | - | - | 0.30% | |
| Oil Refining and Marketing | - | - | - | 0.22% | |
| Oil Equipment & Services | - | - | - | 0.21% | |
| Coal | - | - | - | 0.08% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.08% | - | |
| Renewable Energy Equipment | - | - | - | 0.07% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Basic Materials | 2.66% | - | - | - | |
| Basic Resources | - | 1.87% | - | - | |
| Industrial Metals & Mining | - | - | 1.28% | - | |
| General Mining | - | - | - | 0.71% | |
| Iron & Steel | - | - | - | 0.32% | |
| Copper | - | - | - | 0.10% | |
| Metal Fabricating | - | - | - | 0.07% | |
| Aluminum | - | - | - | 0.07% | |
| Nonferrous Metals | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.45% | - | |
| Gold Mining | - | - | - | 0.40% | |
| Platinum & Precious Metals | - | - | - | 0.05% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.13% | - | |
| Paper | - | - | - | 0.08% | |
| Diversified Materials | - | - | - | 0.05% | |
| Chemicals | - | 0.80% | - | - | |
| Chemicals | - | - | 0.80% | - | |
| Chemicals: Diversified | - | - | - | 0.53% | |
| Specialty Chemicals | - | - | - | 0.17% | |
| Fertilizers | - | - | - | 0.06% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.03% | |
| Telecommunications | 2.40% | - | - | - | |
| Telecommunications | - | 2.40% | - | - | |
| Telecommunications Service Providers | - | - | 1.53% | - | |
| Telecommunications Services | - | - | - | 1.44% | |
| Cable Television Services | - | - | - | 0.10% | |
| Telecommunications Equipment | - | - | 0.87% | - | |
| Telecommunications Equipment | - | - | - | 0.87% | |
| Commodities | 0.00% | - | - | - | |
| Commodities | - | 0.00% | - | - | |
| Commodities | - | - | 0.00% | - | |
| Commodities | - | - | - | 0.00% | |
Regional Allocation
| North America | 18.98% | |
| UK | 17.90% | |
| Non-Classified | 16.48% | |
| Emerging Asia | 13.04% | |
| Developed Europe - Excl UK | 10.47% | |
| Property | 7.93% | |
| Japan | 4.04% | |
| Developed Asia | 3.52% | |
| Cash and Equivalents | 3.03% | |
| Other Regions | 4.61% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 78.22% | |
| US Dollar | 7.09% | |
| Pound Sterling | 6.23% | |
| Cash | 3.03% | |
| Euro | 1.49% | |
| Malaysian Ringgit | 0.58% | |
| Other Currencies | 3.34% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 18.98% | - | |
United States
|
- | 17.10% | |
Canada
|
- | 1.88% | |
| UK | 17.90% | - | |
United Kingdom
|
- | 17.92% | |
| Non-Classified | 16.48% | - | |
| Emerging Asia | 13.04% | - | |
China
|
- | 3.39% | |
India
|
- | 3.16% | |
South Korea
|
- | 1.98% | |
Taiwan
|
- | 1.17% | |
Indonesia
|
- | 1.09% | |
Thailand
|
- | 0.81% | |
Malaysia
|
- | 0.71% | |
Philippines
|
- | 0.51% | |
Uzbekistan
|
- | 0.04% | |
Viet Nam
|
- | 0.03% | |
Kazakhstan
|
- | 0.02% | |
Azerbaijan
|
- | 0.02% | |
Sri Lanka
|
- | 0.02% | |
Tajikistan
|
- | 0.02% | |
Georgia
|
- | 0.02% | |
Pakistan
|
- | 0.01% | |
Papua New Guinea
|
- | 0.01% | |
Armenia
|
- | 0.01% | |
Mongolia
|
- | 0.01% | |
Macau
|
- | 0.00% | |
| Developed Europe - Excl UK | 10.47% | - | |
France
|
- | 2.25% | |
Germany
|
- | 1.85% | |
Netherlands
|
- | 1.29% | |
Switzerland
|
- | 1.14% | |
Ireland
|
- | 0.66% | |
Spain
|
- | 0.56% | |
Luxembourg
|
- | 0.53% | |
Sweden
|
- | 0.48% | |
Denmark
|
- | 0.45% | |
Italy
|
- | 0.38% | |
Belgium
|
- | 0.29% | |
Finland
|
- | 0.26% | |
Norway
|
- | 0.17% | |
Austria
|
- | 0.14% | |
Portugal
|
- | 0.02% | |
Iceland
|
- | 0.01% | |
| Property | 7.93% | - | |
| Japan | 4.04% | - | |
Japan
|
- | 4.04% | |
| Developed Asia | 3.52% | - | |
Hong Kong
|
- | 2.28% | |
Singapore
|
- | 1.24% | |
| Cash and Equivalents | 3.03% | - | |
| Middle East & Africa | 2.28% | - | |
South Africa
|
- | 1.80% | |
Israel
|
- | 0.08% | |
United Arab Emirates
|
- | 0.08% | |
Egypt
|
- | 0.03% | |
Saudi Arabia
|
- | 0.03% | |
Morocco
|
- | 0.03% | |
Cote D'Ivoire
|
- | 0.02% | |
Qatar
|
- | 0.02% | |
Nigeria
|
- | 0.02% | |
Oman
|
- | 0.02% | |
Gabon
|
- | 0.02% | |
Kenya
|
- | 0.02% | |
Benin
|
- | 0.02% | |
Senegal
|
- | 0.02% | |
Jordan
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Mozambique
|
- | 0.01% | |
Rwanda
|
- | 0.01% | |
Angola
|
- | 0.01% | |
Ethiopia
|
- | 0.00% | |
Kuwait
|
- | 0.00% | |
Ghana
|
- | 0.00% | |
| South & Central America | 1.04% | - | |
Mexico
|
- | 0.32% | |
Brazil
|
- | 0.26% | |
Colombia
|
- | 0.10% | |
Peru
|
- | 0.06% | |
Dominican Republic
|
- | 0.05% | |
Argentina
|
- | 0.04% | |
Uruguay
|
- | 0.04% | |
Paraguay
|
- | 0.03% | |
Venezuela
|
- | 0.02% | |
Trinidad and Tobago
|
- | 0.02% | |
Guatemala
|
- | 0.02% | |
Jamaica
|
- | 0.02% | |
Barbados
|
- | 0.01% | |
Chile
|
- | 0.01% | |
Suriname
|
- | 0.01% | |
Ecuador
|
- | 0.01% | |
Honduras
|
- | 0.01% | |
Costa Rica
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
| Australia & New Zealand | 0.87% | - | |
Australia
|
- | 0.83% | |
New Caledonia
|
- | 0.02% | |
New Zealand
|
- | 0.02% | |
| Emerging Europe | 0.43% | - | |
Poland
|
- | 0.09% | |
Turkey
|
- | 0.09% | |
Romania
|
- | 0.07% | |
Greece
|
- | 0.07% | |
Hungary
|
- | 0.06% | |
Serbia
|
- | 0.02% | |
Ukraine
|
- | 0.02% | |
Bosnia and Herzegowina
|
- | 0.01% | |
Albania
|
- | 0.00% | |
Montenegro
|
- | 0.00% | |
Czech Republic
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
25.27% |
| Large |
|
14.21% |
| Medium |
|
10.20% |
| Small |
|
2.55% |
| Micro |
|
0.52% |
| Non-Classified |
|
25.46% |
| Bonds |
|
18.75% |
| Cash |
|
3.03% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
8.90% |
| 5Yr - 10Yr Maturity |
|
5.02% |
| 10Yr - 15Yr Maturity |
|
1.41% |
| > 15Yr Maturity |
|
3.41% |
| Cash And Equivalents |
|
3.03% |
| Unknown Maturity |
|
7.94% |
| Other Asset Types |
|
70.27% |
Fixed Interest Quality Profile
| AAA |
|
1.47% |
| AA |
|
1.18% |
| A |
|
3.05% |
| BBB |
|
3.95% |
| Sub-Investment Grade |
|
2.11% |
| Unknown Quality |
|
6.99% |
| Cash and Equivalents |
|
3.03% |
| Other Asset Types |
|
78.22% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A | 8.23% | Managed Funds | Managed Funds |
| 2 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 6.67% | Managed Funds | Managed Funds |
| 3 | M&G (ACS) BlackRock UK 200 Equity Fund Z4A Acc | 6.08% | Managed Funds | Managed Funds |
| 4 | M&G (1) Sterling Investment Grade Corporate Bond Class Z2A GBP | 6.06% | Managed Funds | Managed Funds |
| 5 | M&G (ACS) BlackRock UK All Share Equity OA | 4.52% | Managed Funds | Managed Funds |
| 6 | M&G (ACS) BlackRock US Equity 2 GBPZ4A GBP ACC | 3.81% | Managed Funds | Managed Funds |
| 7 | M&G (ACS) UK Listed Equity Fund Z4A Acc | 3.76% | Managed Funds | Managed Funds |
| 8 | Legal & General UK Property Fund C | 3.46% | Managed Funds | Managed Funds |
| 9 | M&G (LUX) FCP Europe ex UK Equity Fund Z4A Acc | 3.45% | Managed Funds | Managed Funds |
| 10 | M&G (ACS) Japan Equity Fund Z4A Acc | 3.43% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | L&G FREEHOLD PROPERTY | 2.32% | Property | Direct Property and REITs |
| 2 | iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) | 2.20% | Non-Classified | Direct Property and REITs |
| 3 | M&G EUROPEAN PROPERTY | 0.96% | Property | Direct Property and REITs |
| 4 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.78% | Technology Hardware & Equipment | Taiwan |
| 5 | ASTRAZENECA | 0.62% | Pharmaceuticals & Biotechnology | United Kingdom |
| 6 | HSBC HOLDINGS | 0.61% | Banks | United Kingdom |
| 7 | GBP FWD ASSET 18 NOV 2024 | 0.57% | Non-Classified | Non-Classified |
| 8 | TENCENT HOLDINGS LIMITED | 0.51% | Software & Computer Services | China |
| 9 | UNILEVER | 0.48% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 10 | SAMSUNG ELECTRONICS CO. LTD | 0.42% | Telecommunications Equipment | South Korea |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B58MF30 |
| Mex Code | SBPIAD |
| Isin Code | IE00B58MF307 |
| Citi Code | I2Z3 |
Fund Charges
| Annual Management Charge (AMC) | 1.44% |
| Further Costs | 0.13% |
| Yearly Total | 1.57% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Active 5 Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 17%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 17%. Capital invested is at risk. The fund aims to achieve its objective through investing at least 70% in actively managed collective investment schemes. The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure towards higher risk assets, such as equities. |
| Benchmark | IA Flexible Investment |
| ABI Sector | Flexible Investment |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.84 |
| Beta | 0.85 |
| Sharpe | 0.00 |
| Standard Deviation | 7.87 |
| Info Ratio | 0.12 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | Yes |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Property
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
The registered office of Prudential International is in Ireland at Fitzwilliam Court, Leeson Cl, Dublin 2, D02 TC95. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.