Prudential Cash S1
Performance
Discrete performance - to latest available quarter end
| 30/09/19 to 30/09/20 |
30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
|
|---|---|---|---|---|---|
| Fund | -0.4% | -0.9% | 0.0% | 3.5% | 4.6% |
| Benchmark | 0.2% | -0.1% | 0.7% | 3.9% | 5.2% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 3 2024 |
3 Years to 30/09/24 |
5 Years to 30/09/24 |
10 Years to 30/09/24 |
|
| Fund | 1.2% | 2.7% | 1.3% | 0.5% |
| Benchmark | 1.3% | 3.3% | 2.0% | 1.2% |
Holdings
| Stock | % Weight |
|---|---|
| M + G INVESTMENT MANAGEMENT LI | 30.16 |
| M + G INVESTMENT MANAGEMENT LI | 30.16 |
| HSBC BANK PLC | 30.16 |
| Cash | 9.52 |
| Total | 100.00 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Cash Fund - the underlying fund. Underlying Fund Objective: The fund invests in both secured (reverse repurchase agreements) and unsecured interest bearing deposits, as well as short-term UK Government bonds and Certificates of Deposit. It is actively managed against its benchmark, the Sterling Overnight Index Average 1 Week.
Performance Objective: To perform in line with the benchmark before charges on a rolling three year basis.
Fund Manager
M&G Cash and Currency is responsible for cash management on behalf of shareholder and policyholder businesses including life, pension and annuity companies, retail funds and institutional clients. They are also the Fund manager for Prudential’s Life & Pension cash funds within the ABI Treasury & Deposit sector.
Fund Overview
| Bid (19/12/2024) | 2.51 |
| Offer (19/12/2024) | 2.64 |
| Fund size (31/10/2024) | £221.19m |
| Underlying Fund size | £281.84m |
| Number of holdings | 5 |
| Launch date | 02/07/1991 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.01% |
| Yearly Total | 0.76% |
Asset Allocation
| Cash and Equivalents | 100.00% |
Commentary
Performance as at Q3 2024 - During the third quarter of 2024, the performance of the fund was in line with its benchmark, the Sterling Overnight Index Average (SONIA) 1 Week. The fund is primarily invested in reverse repurchase agreements (or 'reverse repos'), which provide collateral (typically short-term gilts) against cash deposits made by the fund. As with short-term money market deposits, reverse repos are transacted with banks from M&G's counterparty credit risk panel. At the end of this quarter, the fund's assets remained invested in reverse repos with a maturity of no more than one month.
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.
If you take more money from the plan than the amount your investment has grown by, the value of your investment will be less than you've put in.
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
| Cash and Equivalents | 100.00% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Cash and Equivalents | 100.00% | - | - | - | |
Regional Allocation
| Cash and Equivalents | 100.00% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Cash and Equivalents | 100.00% | - | |
Asset Allocation
| Cash Deposit | 70.00% | |
| Cash | 30.00% |
Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M + G INVESTMENT MANAGEMENT LI | 30.16% | Cash and Equivalents | Cash and Equivalents |
| 2 | M + G INVESTMENT MANAGEMENT LI | 30.16% | Cash and Equivalents | Cash and Equivalents |
| 3 | HSBC BANK PLC | 30.16% | Cash and Equivalents | Cash and Equivalents |
| 4 | Cash | 9.52% | Cash and Equivalents | Cash and Equivalents |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Equivalents | - | - | - | - | - | - | - | 100.00% | 100.00% |
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.
If you take more money from the plan than the amount your investment has grown by, the value of your investment will be less than you've put in.
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).
Identification Codes
| Sedol Code | 0702351 |
| Mex Code | PUPMC |
| Isin Code | GB0007023517 |
| Citi Code | PS25 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.01% |
| Yearly Total | 0.76% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Cash Fund - the underlying fund. Underlying Fund Objective: The fund invests in both secured (reverse repurchase agreements) and unsecured interest bearing deposits, as well as short-term UK Government bonds and Certificates of Deposit. It is actively managed against its benchmark, the Sterling Overnight Index Average 1 Week. Performance Objective: To perform in line with the benchmark before charges on a rolling three year basis. |
| Benchmark | SONIA 1W (Please note the benchmark for this fund has changed recently. Please see https://www.pru.co.uk/funds/fund-changes/libor for further information.) |
| ABI Sector | Deposit & Treasury |
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.
If you take more money from the plan than the amount your investment has grown by, the value of your investment will be less than you've put in.
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).
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.
Minimal Risk
These funds may invest in a combination of deposits, money market instruments and other interest bearing securities.
Help
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.
If you take more money from the plan than the amount your investment has grown by, the value of your investment will be less than you've put in.
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.