Prudential International 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 | 6.8% | 14.8% | -1.8% | 12.0% | 13.9% |
| Benchmark | 14.7% | 10.9% | -6.3% | 10.5% | 12.9% |
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 | 0.7% | 7.8% | 9.0% | 10.1% |
| Benchmark | 1.2% | 5.3% | 8.3% | 10.1% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.55 |
| TENCENT HOLDINGS LIMITED | 1.41 |
| SAMSUNG ELECTRONICS CO. LTD | 1.11 |
| AIA GROUP LIMITED | 1.05 |
| HDFC BANK LIMITED | 0.85 |
| AMAZON.COM | 0.80 |
| APPLE | 0.80 |
| MICROSOFT CORPORATION | 0.68 |
| SIEMENS AKTIENGESELLSCHAFT | 0.67 |
| TOTAL SE | 0.62 |
| Total | 10.53 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP International Equity Fund - the underlying fund.
Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal 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) | 700.90 |
| Fund size (31/12/2024) | £120.24m |
| Underlying Fund size | £123.33m |
| Number of holdings | 2107 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 06/04/2001 |
Asset Allocation
| International Equities | 94.73% | |
| Cash and Equivalents | 1.91% | |
| Property | 0.90% | |
| UK Equities | 0.63% | |
| International Bonds | 0.31% | |
| Other Assets | 1.52% |
Commentary
Performance as at Q4 2024 - Japanese equities delivered positive returns in the fourth quarter, bringing year-to-date returns for the region to 10.24%. The positive performance was supported by the Bank of Japan’s decision to raise interest rates to at 0.25%, improving investors’ confidence in the economy. Nevertheless, the Yen depreciated around 10% against the US Dollar in Q4. In line with other developed market peers, Financials were the best performing names in the Japanese equity market. Conversely, the Japanese IT sector experienced a decline, reflecting the broader market dynamics surrounding trade restrictions on the semiconductor industry, and its possible impact on Japanese suppliers. The Fund returned (1.8%) in the fourth quarter, an underperformance of (1.5%) compared to benchmark, the MSCI Japan Index. Operationally, relative returns were negatively impacted by the difference in valuation point of the fund and benchmark. From an investment perspective, headwinds in the Information Technology sector, driven by overweight names with high ESG score, such as Nomura Research Institute Ltd and Fujifilm Holdings Corp, were outweighed by positive contributions in Industrials and Materials, with screened exclusions adding (0.58%). The Fund achieved a higher BSI Intel score and improved sustainability characteristics compared to its benchmark.
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
| International Equities | 94.73% | |
| Cash and Equivalents | 1.91% | |
| Property | 0.90% | |
| UK Equities | 0.63% | |
| International Bonds | 0.31% | |
| Other Assets | 1.52% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 22.31% | - | - | - | |
| Banks | - | 13.32% | - | - | |
| Banks | - | - | 13.32% | - | |
| Banks | - | - | - | 13.32% | |
| Insurance | - | 4.85% | - | - | |
| Non-life Insurance | - | - | 2.68% | - | |
| Property & Casualty Insurance | - | - | - | 1.05% | |
| Full Line Insurance | - | - | - | 0.78% | |
| Reinsurance | - | - | - | 0.44% | |
| Insurance Brokers | - | - | - | 0.41% | |
| Life Insurance | - | - | 2.17% | - | |
| Life Insurance | - | - | - | 2.17% | |
| Financial Services | - | 4.15% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.59% | - | |
| Investment Services | - | - | - | 1.68% | |
| Asset Managers & Custodians | - | - | - | 1.15% | |
| Diversified Financial Services | - | - | - | 0.76% | |
| Finance & Credit Services | - | - | 0.55% | - | |
| Financial Data & Systems | - | - | - | 0.31% | |
| Consumer Lending | - | - | - | 0.15% | |
| Mortgage Finance | - | - | - | 0.09% | |
| Technology | 15.52% | - | - | - | |
| Technology | - | 15.52% | - | - | |
| Technology Hardware & Equipment | - | - | 8.33% | - | |
| Semiconductors | - | - | - | 5.57% | |
| Computer Hardware | - | - | - | 1.08% | |
| Production Technology Equipment | - | - | - | 0.81% | |
| Electronic Components | - | - | - | 0.81% | |
| Electronic Office Equipment | - | - | - | 0.07% | |
| Software & Computer Services | - | - | 7.18% | - | |
| Consumer Digital Services | - | - | - | 3.47% | |
| Software | - | - | - | 2.29% | |
| Computer Services | - | - | - | 1.42% | |
| Industrials | 15.18% | - | - | - | |
| Industrial Goods & Services | - | 13.47% | - | - | |
| Industrial Transportation | - | - | 3.38% | - | |
| Railroads | - | - | - | 0.93% | |
| Marine Transportation | - | - | - | 0.81% | |
| Transportation Services | - | - | - | 0.63% | |
| Commercial Vehicles & Parts | - | - | - | 0.47% | |
| Delivery Services | - | - | - | 0.34% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.13% | |
| Railroad Equipment | - | - | - | 0.05% | |
| Trucking | - | - | - | 0.01% | |
| General Industrials | - | - | 2.89% | - | |
| Diversified Industrials | - | - | - | 2.12% | |
| Containers & Packaging | - | - | - | 0.58% | |
| Plastics | - | - | - | 0.08% | |
| Glass | - | - | - | 0.07% | |
| Paints & Coatings | - | - | - | 0.04% | |
| Industrial Support Services | - | - | 2.53% | - | |
| Transaction Processing Services | - | - | - | 0.76% | |
| Professional Business Support Services | - | - | - | 0.57% | |
| Industrial Suppliers | - | - | - | 0.54% | |
| Business Training & Employment Agencies | - | - | - | 0.35% | |
| Security Services | - | - | - | 0.31% | |
| Industrial Engineering | - | - | 1.92% | - | |
| Machinery: Industrial | - | - | - | 0.68% | |
| Machinery: Engines | - | - | - | 0.45% | |
| Machinery: Construction & Handling | - | - | - | 0.37% | |
| Machinery: Tools | - | - | - | 0.26% | |
| Machinery: Specialty | - | - | - | 0.13% | |
| Machinery: Agricultural | - | - | - | 0.02% | |
| Electronic & Electrical Equipment | - | - | 1.82% | - | |
| Electrical Components | - | - | - | 1.22% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.22% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.16% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.12% | |
| Electronic Equipment: Other | - | - | - | 0.09% | |
| Aerospace & Defence | - | - | 0.94% | - | |
| Aerospace | - | - | - | 0.48% | |
| Defense | - | - | - | 0.46% | |
| Construction & Materials | - | 1.71% | - | - | |
| Construction & Materials | - | - | 1.71% | - | |
| Building Materials: Other | - | - | - | 0.77% | |
| Cement | - | - | - | 0.45% | |
| Building: Climate Control | - | - | - | 0.21% | |
| Construction | - | - | - | 0.18% | |
| Engineering & Contracting Services | - | - | - | 0.08% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.02% | |
| Consumer Discretionary | 13.32% | - | - | - | |
| Retail | - | 4.22% | - | - | |
| Retailers | - | - | 4.22% | - | |
| Diversified Retailers | - | - | - | 2.86% | |
| Specialty Retailers | - | - | - | 0.71% | |
| Apparel Retailers | - | - | - | 0.52% | |
| Home Improvement Retailers | - | - | - | 0.13% | |
| Automobiles & Parts | - | 3.36% | - | - | |
| Automobiles & Parts | - | - | 3.36% | - | |
| Automobiles | - | - | - | 2.43% | |
| Auto Parts | - | - | - | 0.92% | |
| Consumer Products & Services | - | 2.87% | - | - | |
| Leisure Goods | - | - | 1.05% | - | |
| Consumer Electronics | - | - | - | 0.57% | |
| Electronic Entertainment | - | - | - | 0.21% | |
| Recreational Vehicles & Boats | - | - | - | 0.13% | |
| Photography | - | - | - | 0.10% | |
| Recreational Products | - | - | - | 0.04% | |
| Personal Goods | - | - | 0.86% | - | |
| Clothing & Accessories | - | - | - | 0.46% | |
| Footwear | - | - | - | 0.16% | |
| Cosmetics | - | - | - | 0.15% | |
| Luxury Items | - | - | - | 0.09% | |
| Household Goods & Home Construction | - | - | 0.72% | - | |
| Household Appliance | - | - | - | 0.35% | |
| Home Construction | - | - | - | 0.34% | |
| Household Furnishings | - | - | - | 0.02% | |
| Household Equipment & Products | - | - | - | 0.02% | |
| Consumer Services | - | - | 0.24% | - | |
| Consumer Services: Misc. | - | - | - | 0.23% | |
| Education Services | - | - | - | 0.01% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Travel & Leisure | - | 2.23% | - | - | |
| Travel & Leisure | - | - | 2.23% | - | |
| Hotels & Motels | - | - | - | 0.78% | |
| Casinos & Gambling | - | - | - | 0.49% | |
| Restaurants & Bars | - | - | - | 0.42% | |
| Airlines | - | - | - | 0.28% | |
| Travel & Tourism | - | - | - | 0.17% | |
| Recreational Services | - | - | - | 0.08% | |
| Media | - | 0.65% | - | - | |
| Media | - | - | 0.65% | - | |
| Media Agencies | - | - | - | 0.24% | |
| Radio & TV Broadcasters | - | - | - | 0.20% | |
| Entertainment | - | - | - | 0.14% | |
| Publishing | - | - | - | 0.07% | |
| Health Care | 6.44% | - | - | - | |
| Health Care | - | 6.44% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.49% | - | |
| Pharmaceuticals | - | - | - | 3.84% | |
| Biotechnology | - | - | - | 0.65% | |
| Medical Equipment & Services | - | - | 1.26% | - | |
| Medical Equipment | - | - | - | 0.94% | |
| Medical Supplies | - | - | - | 0.29% | |
| Medical Services | - | - | - | 0.03% | |
| Health Care Providers | - | - | 0.68% | - | |
| Health Care Management Services | - | - | - | 0.49% | |
| Health Care Facilities | - | - | - | 0.12% | |
| Health Care Services | - | - | - | 0.07% | |
| Telecommunications | 5.42% | - | - | - | |
| Telecommunications | - | 5.42% | - | - | |
| Telecommunications Service Providers | - | - | 3.38% | - | |
| Telecommunications Services | - | - | - | 3.34% | |
| Cable Television Services | - | - | - | 0.04% | |
| Telecommunications Equipment | - | - | 2.04% | - | |
| Telecommunications Equipment | - | - | - | 2.04% | |
| Consumer Staples | 4.64% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.72% | - | - | |
| Beverages | - | - | 1.46% | - | |
| Brewers | - | - | - | 0.67% | |
| Soft Drinks | - | - | - | 0.47% | |
| Distillers & Vintners | - | - | - | 0.32% | |
| Food Producers | - | - | 1.26% | - | |
| Food Products | - | - | - | 1.22% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.03% | |
| Fruit & Grain Processing | - | - | - | 0.01% | |
| Personal Care, Drug & Grocery Stores | - | 1.92% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.92% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.22% | |
| Drug Retailers | - | - | - | 0.36% | |
| Personal Products | - | - | - | 0.28% | |
| Nondurable Household Products | - | - | - | 0.06% | |
| Energy | 3.82% | - | - | - | |
| Energy | - | 3.82% | - | - | |
| Non-Renewable Energy | - | - | 3.63% | - | |
| Integrated Oil & Gas | - | - | - | 1.66% | |
| Oil Equipment & Services | - | - | - | 0.58% | |
| Oil: Crude Producers | - | - | - | 0.49% | |
| Oil Refining and Marketing | - | - | - | 0.48% | |
| Pipelines | - | - | - | 0.41% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Coal | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.19% | - | |
| Renewable Energy Equipment | - | - | - | 0.15% | |
| Alternative Fuels | - | - | - | 0.04% | |
| Basic Materials | 3.67% | - | - | - | |
| Basic Resources | - | 2.12% | - | - | |
| Industrial Metals & Mining | - | - | 1.63% | - | |
| Iron & Steel | - | - | - | 0.96% | |
| General Mining | - | - | - | 0.43% | |
| Aluminum | - | - | - | 0.11% | |
| Copper | - | - | - | 0.07% | |
| Metal Fabricating | - | - | - | 0.06% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Industrial Materials | - | - | 0.31% | - | |
| Paper | - | - | - | 0.21% | |
| Diversified Materials | - | - | - | 0.10% | |
| Precious Metals & Mining | - | - | 0.18% | - | |
| Gold Mining | - | - | - | 0.18% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Chemicals | - | 1.55% | - | - | |
| Chemicals | - | - | 1.55% | - | |
| Chemicals: Diversified | - | - | - | 0.99% | |
| Specialty Chemicals | - | - | - | 0.28% | |
| Fertilizers | - | - | - | 0.15% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.13% | |
| Real Estate | 3.22% | - | - | - | |
| Real Estate | - | 3.22% | - | - | |
| Real Estate Investment & Services | - | - | 2.11% | - | |
| Real Estate Holding and Development | - | - | - | 1.60% | |
| Real Estate Services | - | - | - | 0.51% | |
| Real Estate Investment Trusts | - | - | 1.11% | - | |
| Retail REITs | - | - | - | 0.35% | |
| Industrial REITs | - | - | - | 0.25% | |
| Residential REITs | - | - | - | 0.19% | |
| Timber REITs | - | - | - | 0.09% | |
| Office REITs | - | - | - | 0.07% | |
| Health Care REITs | - | - | - | 0.06% | |
| Infrastructure REITs | - | - | - | 0.05% | |
| Hotel & Lodging REITs | - | - | - | 0.04% | |
| Other Specialty REITs | - | - | - | 0.02% | |
| Utilities | 2.59% | - | - | - | |
| Utilities | - | 2.59% | - | - | |
| Electricity | - | - | 1.41% | - | |
| Conventional Electricity | - | - | - | 1.32% | |
| Alternative Electricity | - | - | - | 0.09% | |
| Gas, Water & Multi-utilities | - | - | 1.05% | - | |
| Multi-Utilities | - | - | - | 0.97% | |
| Gas Distribution | - | - | - | 0.07% | |
| Water | - | - | - | 0.01% | |
| Waste & Disposal Services | - | - | 0.14% | - | |
| Waste & Disposal Services | - | - | - | 0.14% | |
| Cash and Equivalents | 1.91% | - | - | - | |
| Non-Classified | 1.64% | - | - | - | |
| Non-Classified | - | 0.91% | - | - | |
| Non-Classified | - | - | 0.91% | - | |
| Non-Classified | - | - | - | 0.91% | |
| Bonds | 0.31% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 26.99% | |
| Emerging Asia | 23.25% | |
| Developed Europe - Excl UK | 20.37% | |
| Japan | 11.70% | |
| Developed Asia | 8.16% | |
| Australia & New Zealand | 1.97% | |
| Cash and Equivalents | 1.91% | |
| Non-Classified | 2.44% | |
| Property | 0.88% | |
| Other Regions | 2.34% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.78% | |
| Cash | 1.91% | |
| Euro | 0.29% | |
| US Dollar | 0.01% | |
| Swiss Franc | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 26.99% | - | |
United States
|
- | 24.35% | |
Canada
|
- | 2.64% | |
| Emerging Asia | 23.25% | - | |
China
|
- | 8.48% | |
India
|
- | 4.06% | |
South Korea
|
- | 3.86% | |
Taiwan
|
- | 3.77% | |
Indonesia
|
- | 1.33% | |
Thailand
|
- | 1.30% | |
Malaysia
|
- | 0.28% | |
Philippines
|
- | 0.16% | |
Viet Nam
|
- | 0.00% | |
| Developed Europe - Excl UK | 20.37% | - | |
Germany
|
- | 4.68% | |
France
|
- | 4.11% | |
Switzerland
|
- | 2.52% | |
Netherlands
|
- | 1.46% | |
Ireland
|
- | 1.33% | |
Spain
|
- | 1.21% | |
Sweden
|
- | 1.09% | |
Denmark
|
- | 0.83% | |
Italy
|
- | 0.74% | |
Finland
|
- | 0.70% | |
Belgium
|
- | 0.54% | |
Norway
|
- | 0.41% | |
Austria
|
- | 0.40% | |
Luxembourg
|
- | 0.29% | |
Portugal
|
- | 0.05% | |
| Japan | 11.70% | - | |
Japan
|
- | 11.70% | |
| Developed Asia | 8.16% | - | |
Hong Kong
|
- | 5.60% | |
Singapore
|
- | 2.56% | |
| Australia & New Zealand | 1.97% | - | |
Australia
|
- | 1.91% | |
New Caledonia
|
- | 0.06% | |
| Cash and Equivalents | 1.91% | - | |
| Non-Classified | 2.44% | - | |
| Property | 0.88% | - | |
| Middle East & Africa | 0.67% | - | |
South Africa
|
- | 0.21% | |
United Arab Emirates
|
- | 0.18% | |
Israel
|
- | 0.14% | |
Saudi Arabia
|
- | 0.12% | |
Egypt
|
- | 0.02% | |
| UK | 0.63% | - | |
United Kingdom
|
- | 0.63% | |
| South & Central America | 0.57% | - | |
Brazil
|
- | 0.35% | |
Mexico
|
- | 0.21% | |
Chile
|
- | 0.01% | |
| Emerging Europe | 0.47% | - | |
Greece
|
- | 0.21% | |
Turkey
|
- | 0.12% | |
Hungary
|
- | 0.08% | |
Poland
|
- | 0.06% | |
Czech Republic
|
- | 0.01% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
49.47% |
| Large |
|
24.30% |
| Medium |
|
9.79% |
| Small |
|
2.18% |
| Micro |
|
0.36% |
| Non-Classified |
|
11.68% |
| Bonds |
|
0.31% |
| Cash |
|
1.91% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A | 25.16% | Managed Funds | Managed Funds |
| 2 | M&G (LUX) FCP Europe ex UK Equity Fund Z2A Acc | 12.43% | Managed Funds | Managed Funds |
| 3 | M&G (ACS) Japan Equity Fund Z2A Acc | 10.75% | Managed Funds | Managed Funds |
| 4 | M&G (ACS) BlackRock US Equity 2 GBPZ2A GBP ACC | 10.19% | Managed Funds | Managed Funds |
| 5 | M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z2A Acc | 6.17% | Managed Funds | Managed Funds |
| 6 | M&G (ACS) China Z2A Acc | 4.13% | Managed Funds | Managed Funds |
| 7 | M&G (1) MFS Global Emerging Markets Equity Class GBPZ2A | 4.07% | Managed Funds | Managed Funds |
| 8 | M&G (ACS) MFS US Large Cap Equity | 3.14% | Managed Funds | Managed Funds |
| 9 | M&G (ACS) WB US Large Cap Equity | 3.11% | Managed Funds | Managed Funds |
| 10 | M&G (1) GSAM Global Emerging Markets Equity Class GBPZ2A | 2.84% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.55% | Technology Hardware & Equipment | Taiwan |
| 2 | TENCENT HOLDINGS LIMITED | 1.41% | Software & Computer Services | China |
| 3 | SAMSUNG ELECTRONICS CO. LTD | 1.11% | Telecommunications Equipment | South Korea |
| 4 | AIA GROUP LIMITED | 1.05% | Life Insurance | Hong Kong |
| 5 | HDFC BANK LIMITED | 0.85% | Banks | India |
| 6 | AMAZON.COM | 0.80% | Retailers | United States |
| 7 | APPLE | 0.80% | Technology Hardware & Equipment | United States |
| 8 | MICROSOFT CORPORATION | 0.68% | Software & Computer Services | United States |
| 9 | SIEMENS AKTIENGESELLSCHAFT | 0.67% | General Industrials | Germany |
| 10 | TOTAL SE | 0.62% | Non-Renewable Energy | France |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 15.52% | - | - | - | - | - | - | 15.52% |
| Telecommunications | - | 5.42% | - | 0.29% | - | - | - | - | 5.70% |
| Financials | 0.06% | 22.25% | - | 0.01% | - | - | - | - | 22.32% |
| Real Estate | - | 2.33% | - | - | - | 0.90% | - | - | 3.22% |
| Consumer Discretionary | 0.15% | 13.18% | - | 0.01% | - | - | 0.04% | - | 13.38% |
| Consumer Staples | 0.11% | 4.53% | - | - | - | - | - | - | 4.64% |
| Energy | 0.01% | 3.81% | - | - | - | - | - | - | 3.82% |
| Utilities | - | 2.59% | - | - | - | - | 0.01% | - | 2.61% |
| Health Care | 0.01% | 6.42% | - | - | - | - | 0.01% | - | 6.45% |
| Industrials | 0.23% | 14.96% | - | - | - | - | 0.02% | - | 15.20% |
| Basic Materials | - | 3.67% | - | - | - | - | - | - | 3.67% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.91% | 1.91% |
| Non-Classified | 0.06% | 0.06% | - | - | - | - | 1.44% | - | 1.57% |
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 | 3168626 |
| Mex Code | PUINE |
| Isin Code | GB0031686263 |
| Citi Code | P279 |
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 International Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal 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.