Prudential Global Equity S3
Performance
Discrete performance - to latest available quarter end
| 31/12/19 to 31/12/20 |
31/12/20 to 31/12/21 |
31/12/21 to 31/12/22 |
31/12/22 to 31/12/23 |
31/12/23 to 31/12/24 |
|
|---|---|---|---|---|---|
| Fund | -1.2% | 15.9% | -4.1% | 8.7% | 10.4% |
| Benchmark | -0.6% | 15.3% | -2.3% | 9.0% | 11.1% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 4 2024 |
3 Years to 31/12/24 |
5 Years to 31/12/24 |
10 Years to 31/12/24 |
|
| Fund | -0.9% | 4.8% | 5.7% | 7.3% |
| Benchmark | 0.4% | 5.8% | 6.3% | 7.4% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| HSBC HOLDINGS | 2.31 |
| ASTRAZENECA | 2.16 |
| UNILEVER | 1.66 |
| SHELL | 1.47 |
| BP | 1.15 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 1.12 |
| BARCLAYS | 0.99 |
| RECKITT BENCKISER GROUP | 0.98 |
| NATIONAL GRID | 0.96 |
| RELX | 0.92 |
| Total | 13.71 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Global Equity Fund - the underlying fund.
Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 55% UK equity and 45% mix of overseas company shares. For the overseas shares, the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office. It is a “fund of funds” where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
Fund Manager
With access to investment professionals around the world, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.
Fund Overview
| Daily price (20/02/2025) | 494.10 |
| Fund size (31/12/2024) | £66.50m |
| Underlying Fund size | £113.51m |
| Number of holdings | 2757 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 06/04/2001 |
Asset Allocation
| UK Equities | 50.52% | |
| International Equities | 44.31% | |
| Property | 2.01% | |
| Cash and Equivalents | 1.43% | |
| Investment Trusts | 0.36% | |
| International Bonds | 0.13% | |
| Other Assets | 1.25% |
Commentary
Performance as at Q4 2024 - Equity markets overall produced robust gains during the quarter, in sterling terms, with the return mainly reflecting currency weakness. Performance was driven by central bank moves and political developments. Global equities were led by the US, which rallied following Donald Trump’s victory in the presidential election. Major central banks continued their path of monetary easing, despite modest increases in inflation. The US Federal Reserve (Fed) and the European Central Bank (ECB) both reduced interest rates twice, while the Bank of England made just one cut. The year concluded with a general slowdown in global economic growth. The fund declined in the quarter and was behind the benchmark and the comparator. In absolute terms, US equity markets drove performance, with Japan making modest gains, while the UK was flat and Pacific and emerging markets and Europe lagged behind, all in sterling terms. The US stockmarket was supported by continued optimism about Artificial Intellingence (AI)and the country’s healthy economic activity. Market observers also welcomed Donald Trump’s victory in November, encouraged by the prospect of tax cuts and deregulation. Returns for sterlingbased investors in the Japanese stockmarket were held back by the weakness of the Japanese yen. UK equities were subdued against a backdrop of a slight contraction in the economy as well as a pick-up in inflation and disquiet over Labour’s budget. China’s stockmarket declined despite further efforts by authorities to support its economy. South Korean equities were hurt by weaker economic growth and investors were unnerved by a (failed) attempt by the president to impose martial law. In contrast, Taiwan benefited from the strength of its technology sector. Emerging markets were undermined by a strong US dollar and the possibility of higher trade tariffs from the US. Lagging behind, European equities were hurt by the economic outlook for the region, potential trade tariffs from the US and political uncertainty. Stockpicking in emerging markets, China, Europe, Pacific markets and Japan was modestly beneficial, while stock picks in the UK and the US held back returns. In a quiet quarter for fund activity, the fund retains an aboveindex allocation to equities, comprising a diversified basket across the US, UK, Asia and global emerging markets. Japanese and Chinese equities have below-index positions. Central banks’ interest rate cutting cycles have been rapidly reassessed in recent weeks, following stronger data, fiscal/policy uncertainty and some stickier inflation. In our opinion, 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.
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 investment can go down as well as up so you might get back less than you put in.
This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 50.52% | |
| International Equities | 44.31% | |
| Property | 2.01% | |
| Cash and Equivalents | 1.43% | |
| Investment Trusts | 0.36% | |
| International Bonds | 0.13% | |
| Other Assets | 1.25% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 23.06% | - | - | - | |
| Banks | - | 11.05% | - | - | |
| Banks | - | - | 11.05% | - | |
| Banks | - | - | - | 11.05% | |
| Financial Services | - | 7.18% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.13% | - | |
| Asset Managers & Custodians | - | - | - | 3.54% | |
| Investment Services | - | - | - | 1.25% | |
| Diversified Financial Services | - | - | - | 0.34% | |
| Finance & Credit Services | - | - | 1.68% | - | |
| Financial Data & Systems | - | - | - | 1.05% | |
| Mortgage Finance | - | - | - | 0.32% | |
| Consumer Lending | - | - | - | 0.31% | |
| Equity Investment Instruments | - | - | 0.36% | - | |
| Equity Investment Instruments | - | - | - | 0.36% | |
| Nonequity Investment Instruments | - | - | 0.01% | - | |
| Nonequity Investment Instruments | - | - | - | 0.01% | |
| Insurance | - | 4.83% | - | - | |
| Life Insurance | - | - | 2.51% | - | |
| Life Insurance | - | - | - | 2.51% | |
| Non-life Insurance | - | - | 2.32% | - | |
| Property & Casualty Insurance | - | - | - | 1.34% | |
| Full Line Insurance | - | - | - | 0.60% | |
| Reinsurance | - | - | - | 0.19% | |
| Insurance Brokers | - | - | - | 0.19% | |
| Industrials | 15.10% | - | - | - | |
| Industrial Goods & Services | - | 13.63% | - | - | |
| Industrial Support Services | - | - | 3.68% | - | |
| Professional Business Support Services | - | - | - | 1.45% | |
| Industrial Suppliers | - | - | - | 1.33% | |
| Business Training & Employment Agencies | - | - | - | 0.42% | |
| Transaction Processing Services | - | - | - | 0.35% | |
| Security Services | - | - | - | 0.13% | |
| General Industrials | - | - | 2.22% | - | |
| Diversified Industrials | - | - | - | 1.30% | |
| Containers & Packaging | - | - | - | 0.83% | |
| Plastics | - | - | - | 0.04% | |
| Glass | - | - | - | 0.03% | |
| Paints & Coatings | - | - | - | 0.02% | |
| Aerospace & Defence | - | - | 2.16% | - | |
| Defense | - | - | - | 1.15% | |
| Aerospace | - | - | - | 1.01% | |
| Industrial Transportation | - | - | 1.96% | - | |
| Railroads | - | - | - | 0.43% | |
| Marine Transportation | - | - | - | 0.41% | |
| Transportation Services | - | - | - | 0.33% | |
| Delivery Services | - | - | - | 0.30% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.24% | |
| Commercial Vehicles & Parts | - | - | - | 0.20% | |
| Railroad Equipment | - | - | - | 0.03% | |
| Trucking | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 1.89% | - | |
| Electrical Components | - | - | - | 0.81% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.53% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.46% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.06% | |
| Electronic Equipment: Other | - | - | - | 0.04% | |
| Industrial Engineering | - | - | 1.71% | - | |
| Machinery: Construction & Handling | - | - | - | 0.66% | |
| Machinery: Industrial | - | - | - | 0.61% | |
| Machinery: Engines | - | - | - | 0.21% | |
| Machinery: Tools | - | - | - | 0.12% | |
| Machinery: Specialty | - | - | - | 0.10% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Construction & Materials | - | 1.47% | - | - | |
| Construction & Materials | - | - | 1.47% | - | |
| Construction | - | - | - | 0.61% | |
| Building Materials: Other | - | - | - | 0.48% | |
| Cement | - | - | - | 0.19% | |
| Building: Climate Control | - | - | - | 0.10% | |
| Engineering & Contracting Services | - | - | - | 0.06% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.04% | |
| Consumer Discretionary | 15.07% | - | - | - | |
| Retail | - | 3.83% | - | - | |
| Retailers | - | - | 3.83% | - | |
| Diversified Retailers | - | - | - | 1.87% | |
| Specialty Retailers | - | - | - | 0.98% | |
| Home Improvement Retailers | - | - | - | 0.62% | |
| Apparel Retailers | - | - | - | 0.36% | |
| Consumer Products & Services | - | 3.55% | - | - | |
| Household Goods & Home Construction | - | - | 1.37% | - | |
| Home Construction | - | - | - | 1.19% | |
| Household Appliance | - | - | - | 0.16% | |
| Household Furnishings | - | - | - | 0.01% | |
| Household Equipment & Products | - | - | - | 0.01% | |
| Consumer Services | - | - | 0.77% | - | |
| Vending & Catering Service | - | - | - | 0.66% | |
| Consumer Services: Misc. | - | - | - | 0.10% | |
| Education Services | - | - | - | 0.00% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.76% | - | |
| Clothing & Accessories | - | - | - | 0.39% | |
| Luxury Items | - | - | - | 0.24% | |
| Footwear | - | - | - | 0.07% | |
| Cosmetics | - | - | - | 0.07% | |
| Leisure Goods | - | - | 0.65% | - | |
| Consumer Electronics | - | - | - | 0.26% | |
| Electronic Entertainment | - | - | - | 0.14% | |
| Toys | - | - | - | 0.12% | |
| Recreational Vehicles & Boats | - | - | - | 0.06% | |
| Photography | - | - | - | 0.06% | |
| Recreational Products | - | - | - | 0.02% | |
| Travel & Leisure | - | 3.20% | - | - | |
| Travel & Leisure | - | - | 3.20% | - | |
| Hotels & Motels | - | - | - | 1.26% | |
| Airlines | - | - | - | 0.68% | |
| Restaurants & Bars | - | - | - | 0.60% | |
| Travel & Tourism | - | - | - | 0.37% | |
| Casinos & Gambling | - | - | - | 0.24% | |
| Recreational Services | - | - | - | 0.04% | |
| Media | - | 2.81% | - | - | |
| Media | - | - | 2.81% | - | |
| Publishing | - | - | - | 1.39% | |
| Media Agencies | - | - | - | 1.12% | |
| Radio & TV Broadcasters | - | - | - | 0.25% | |
| Entertainment | - | - | - | 0.06% | |
| Automobiles & Parts | - | 1.68% | - | - | |
| Automobiles & Parts | - | - | 1.68% | - | |
| Automobiles | - | - | - | 1.16% | |
| Auto Parts | - | - | - | 0.52% | |
| Technology | 8.56% | - | - | - | |
| Technology | - | 8.56% | - | - | |
| Software & Computer Services | - | - | 4.84% | - | |
| Consumer Digital Services | - | - | - | 2.15% | |
| Software | - | - | - | 1.57% | |
| Computer Services | - | - | - | 1.12% | |
| Technology Hardware & Equipment | - | - | 3.71% | - | |
| Semiconductors | - | - | - | 2.46% | |
| Computer Hardware | - | - | - | 0.49% | |
| Production Technology Equipment | - | - | - | 0.37% | |
| Electronic Components | - | - | - | 0.36% | |
| Electronic Office Equipment | - | - | - | 0.03% | |
| Consumer Staples | 8.56% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 4.86% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.86% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.91% | |
| Personal Products | - | - | - | 1.79% | |
| Nondurable Household Products | - | - | - | 1.00% | |
| Drug Retailers | - | - | - | 0.16% | |
| Food, Beverage & Tobacco | - | 3.69% | - | - | |
| Beverages | - | - | 2.20% | - | |
| Distillers & Vintners | - | - | - | 0.99% | |
| Soft Drinks | - | - | - | 0.90% | |
| Brewers | - | - | - | 0.31% | |
| Food Producers | - | - | 1.49% | - | |
| Food Products | - | - | - | 1.47% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Fruit & Grain Processing | - | - | - | 0.00% | |
| Health Care | 6.51% | - | - | - | |
| Health Care | - | 6.51% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.18% | - | |
| Pharmaceuticals | - | - | - | 4.82% | |
| Biotechnology | - | - | - | 0.37% | |
| Medical Equipment & Services | - | - | 1.01% | - | |
| Medical Equipment | - | - | - | 0.67% | |
| Medical Supplies | - | - | - | 0.32% | |
| Medical Services | - | - | - | 0.02% | |
| Health Care Providers | - | - | 0.32% | - | |
| Health Care Management Services | - | - | - | 0.23% | |
| Health Care Facilities | - | - | - | 0.06% | |
| Health Care Services | - | - | - | 0.03% | |
| Basic Materials | 4.72% | - | - | - | |
| Basic Resources | - | 3.14% | - | - | |
| Industrial Metals & Mining | - | - | 2.47% | - | |
| General Mining | - | - | - | 1.51% | |
| Iron & Steel | - | - | - | 0.45% | |
| Copper | - | - | - | 0.30% | |
| Metal Fabricating | - | - | - | 0.16% | |
| Aluminum | - | - | - | 0.05% | |
| Nonferrous Metals | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.53% | - | |
| Gold Mining | - | - | - | 0.51% | |
| Platinum & Precious Metals | - | - | - | 0.01% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.14% | - | |
| Paper | - | - | - | 0.09% | |
| Diversified Materials | - | - | - | 0.05% | |
| Chemicals | - | 1.58% | - | - | |
| Chemicals | - | - | 1.58% | - | |
| Chemicals: Diversified | - | - | - | 1.07% | |
| Specialty Chemicals | - | - | - | 0.39% | |
| Fertilizers | - | - | - | 0.07% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.06% | |
| Energy | 4.69% | - | - | - | |
| Energy | - | 4.69% | - | - | |
| Non-Renewable Energy | - | - | 4.59% | - | |
| Integrated Oil & Gas | - | - | - | 3.35% | |
| Oil: Crude Producers | - | - | - | 0.52% | |
| Oil Equipment & Services | - | - | - | 0.29% | |
| Oil Refining and Marketing | - | - | - | 0.23% | |
| Pipelines | - | - | - | 0.19% | |
| Offshore Drilling & Other Services | - | - | - | 0.01% | |
| Coal | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.09% | - | |
| Renewable Energy Equipment | - | - | - | 0.08% | |
| Alternative Fuels | - | - | - | 0.02% | |
| Real Estate | 4.13% | - | - | - | |
| Real Estate | - | 4.13% | - | - | |
| Real Estate Investment Trusts | - | - | 2.72% | - | |
| Diversified REITs | - | - | - | 0.78% | |
| Industrial REITs | - | - | - | 0.54% | |
| Office REITs | - | - | - | 0.36% | |
| Residential REITs | - | - | - | 0.25% | |
| Storage REITs | - | - | - | 0.25% | |
| Retail REITs | - | - | - | 0.23% | |
| Health Care REITs | - | - | - | 0.17% | |
| Other Specialty REITs | - | - | - | 0.06% | |
| Timber REITs | - | - | - | 0.04% | |
| Infrastructure REITs | - | - | - | 0.02% | |
| Hotel & Lodging REITs | - | - | - | 0.02% | |
| Real Estate Investment & Services | - | - | 1.41% | - | |
| Real Estate Holding and Development | - | - | - | 0.89% | |
| Real Estate Services | - | - | - | 0.53% | |
| Utilities | 3.48% | - | - | - | |
| Utilities | - | 3.48% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.00% | - | |
| Multi-Utilities | - | - | - | 1.40% | |
| Water | - | - | - | 0.57% | |
| Gas Distribution | - | - | - | 0.03% | |
| Electricity | - | - | 1.41% | - | |
| Conventional Electricity | - | - | - | 1.37% | |
| Alternative Electricity | - | - | - | 0.05% | |
| Waste & Disposal Services | - | - | 0.06% | - | |
| Waste & Disposal Services | - | - | - | 0.06% | |
| Telecommunications | 3.08% | - | - | - | |
| Telecommunications | - | 3.08% | - | - | |
| Telecommunications Service Providers | - | - | 2.16% | - | |
| Telecommunications Services | - | - | - | 2.14% | |
| Cable Television Services | - | - | - | 0.02% | |
| Telecommunications Equipment | - | - | 0.92% | - | |
| Telecommunications Equipment | - | - | - | 0.92% | |
| Non-Classified | 1.48% | - | - | - | |
| Non-Classified | - | 0.53% | - | - | |
| Non-Classified | - | - | 0.53% | - | |
| Non-Classified | - | - | - | 0.53% | |
| Cash and Equivalents | 1.43% | - | - | - | |
| Bonds | 0.13% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| UK | 50.45% | |
| North America | 12.51% | |
| Emerging Asia | 10.95% | |
| Developed Europe - Excl UK | 9.76% | |
| Japan | 5.34% | |
| Developed Asia | 3.73% | |
| Property | 2.04% | |
| Non-Classified | 2.13% | |
| Cash and Equivalents | 1.43% | |
| Other Regions | 1.64% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.44% | |
| Cash | 1.43% | |
| Euro | 0.12% | |
| US Dollar | 0.01% | |
| Swiss Franc | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 50.45% | - | |
United Kingdom
|
- | 50.52% | |
| North America | 12.51% | - | |
United States
|
- | 11.32% | |
Canada
|
- | 1.19% | |
| Emerging Asia | 10.95% | - | |
China
|
- | 4.33% | |
India
|
- | 1.94% | |
South Korea
|
- | 1.69% | |
Taiwan
|
- | 1.64% | |
Indonesia
|
- | 0.59% | |
Thailand
|
- | 0.58% | |
Malaysia
|
- | 0.13% | |
Philippines
|
- | 0.07% | |
Viet Nam
|
- | 0.00% | |
| Developed Europe - Excl UK | 9.76% | - | |
Germany
|
- | 1.99% | |
France
|
- | 1.77% | |
Switzerland
|
- | 1.46% | |
Ireland
|
- | 1.13% | |
Netherlands
|
- | 0.68% | |
Spain
|
- | 0.52% | |
Sweden
|
- | 0.48% | |
Denmark
|
- | 0.37% | |
Italy
|
- | 0.32% | |
Finland
|
- | 0.29% | |
Belgium
|
- | 0.23% | |
Norway
|
- | 0.17% | |
Austria
|
- | 0.17% | |
Luxembourg
|
- | 0.16% | |
Portugal
|
- | 0.02% | |
| Japan | 5.34% | - | |
Japan
|
- | 5.34% | |
| Developed Asia | 3.73% | - | |
Hong Kong
|
- | 2.58% | |
Singapore
|
- | 1.15% | |
| Property | 2.04% | - | |
| Non-Classified | 2.13% | - | |
| Cash and Equivalents | 1.43% | - | |
| Australia & New Zealand | 0.88% | - | |
Australia
|
- | 0.85% | |
New Caledonia
|
- | 0.03% | |
| Middle East & Africa | 0.34% | - | |
Israel
|
- | 0.12% | |
South Africa
|
- | 0.09% | |
United Arab Emirates
|
- | 0.07% | |
Saudi Arabia
|
- | 0.05% | |
Egypt
|
- | 0.01% | |
| South & Central America | 0.23% | - | |
Brazil
|
- | 0.14% | |
Mexico
|
- | 0.08% | |
Chile
|
- | 0.01% | |
| Emerging Europe | 0.20% | - | |
Greece
|
- | 0.09% | |
Turkey
|
- | 0.05% | |
Hungary
|
- | 0.03% | |
Poland
|
- | 0.02% | |
Czech Republic
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
40.61% |
| Large |
|
23.51% |
| Medium |
|
20.77% |
| Small |
|
2.78% |
| Micro |
|
0.33% |
| Non-Classified |
|
10.44% |
| Bonds |
|
0.13% |
| Cash |
|
1.43% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | HSBC HOLDINGS | 2.31% | Banks | United Kingdom |
| 2 | ASTRAZENECA | 2.16% | Pharmaceuticals & Biotechnology | United Kingdom |
| 3 | UNILEVER | 1.66% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 4 | SHELL | 1.47% | Non-Renewable Energy | United Kingdom |
| 5 | BP | 1.15% | Non-Renewable Energy | United Kingdom |
| 6 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 1.12% | Technology Hardware & Equipment | Taiwan |
| 7 | BARCLAYS | 0.99% | Banks | United Kingdom |
| 8 | RECKITT BENCKISER GROUP | 0.98% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 9 | NATIONAL GRID | 0.96% | Gas, Water & Multi-utilities | United Kingdom |
| 10 | RELX | 0.92% | Media | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 1.48% | 7.08% | - | - | - | - | - | - | 8.56% |
| Telecommunications | 0.63% | 2.46% | - | 0.12% | - | - | - | - | 3.20% |
| Financials | 12.61% | 10.10% | - | 0.01% | - | - | 0.36% | - | 23.07% |
| Real Estate | 1.08% | 1.07% | - | - | - | 1.99% | - | - | 4.13% |
| Consumer Discretionary | 8.95% | 6.12% | - | 0.01% | - | - | 0.02% | - | 15.10% |
| Consumer Staples | 6.07% | 2.48% | - | - | - | - | - | - | 8.56% |
| Energy | 2.96% | 1.72% | - | - | - | - | - | - | 4.69% |
| Utilities | 2.32% | 1.16% | - | - | - | - | - | - | 3.48% |
| Health Care | 3.62% | 2.89% | - | - | - | - | 0.01% | - | 6.51% |
| Industrials | 7.69% | 7.42% | - | - | - | - | 0.01% | - | 15.11% |
| Basic Materials | 3.02% | 1.70% | - | - | - | - | - | - | 4.72% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.43% | 1.43% |
| Non-Classified | 0.09% | 0.12% | - | - | - | 0.02% | 1.20% | - | 1.43% |
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | 3168596 |
| Mex Code | PUGLE |
| Isin Code | GB0031685968 |
| Citi Code | P273 |
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 Global Equity Fund - the underlying fund. Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 55% UK equity and 45% mix of overseas company shares. For the overseas shares, the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office. It is a “fund of funds” where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis. |
| Benchmark | Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO). |
| ABI Sector | Global Equities |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
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.
You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.
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
This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 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 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information 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.