30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
---|---|---|---|---|---|
Fund | -14.1% | 86.5% | -26.1% | -1.6% | 18.1% |
Benchmark | -12.3% | 65.2% | -14.6% | -0.4% | 18.5% |
Quarter | Annualised | |||
---|---|---|---|---|
2 2024 |
3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
|
Fund | 8.7% | -5.0% | 6.6% | 8.9% |
Benchmark | 9.3% | 0.3% | 7.9% | 6.7% |
Stock | % Weight |
---|---|
LSL PROPERTY SERVICES | 3.62 |
SEVERFIELD | 2.78 |
FORESIGHT GROUP HLDGS LTD | 2.76 |
WICKES GROUP | 2.75 |
PRS REIT Plc PRS REIT Plc ORD GBP0.01 | 2.66 |
HELICAL | 2.65 |
Workspace Group Workspace Group Plc Ord GBP1 | 2.58 |
SABRE INSURANCE GROUP | 2.55 |
POLAR CAPITAL HOLDINGS PLC. | 2.45 |
WILMINGTON | 2.39 |
Total | 27.19 |
Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Smaller Companies Fund - the underlying fund.
Underlying Fund Objective: The fund invests in the shares of smaller UK companies outside the FTSE 350 Index. The fund is actively managed against its benchmark, the FTSE Smaller Companies (ex-Investment Trusts) Index. The fund manager adopts a medium-term time horizon and focuses on identifying higher quality companies which, we believe, are under-valued due to pricing inefficiencies in the small cap market. This is backed up with detailed fundamental research to form an exclusively bottom-up stock-picking investment process.
Performance Objective: To outperform the benchmark by 2.0% a year (before charges) on a rolling three year basis.
Matthew Cable was appointed deputy fund manager of the M&G Smaller Companies Fund in March 2013. He joined M&G in 2007 and worked in several strategic and commercial roles before becoming a dedicated analyst in the smaller companies team in 2011. Matthew has a degree in natural sciences from Cambridge University and is a CFA charterholder.
Daily price (29/08/2024) | 950.00 |
Fund size (31/07/2024) | £23.80m |
Underlying Fund size | £35.86m |
Number of holdings | 60 |
Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Launch date | 06/04/2001 |
UK Equities | 90.66% | |
Property | 6.06% | |
Cash and Equivalents | 1.92% | |
International Equities | 1.36% |
Performance as at Q2 2024 - The second quarter saw UK stocks continue to advance and outperform the global market. Investor sentiment was lifted by an improving economic backdrop and the prospect of interest rate cuts. The market also benefited from increased corporate activity; a number of UK companies received takeover bids in the period. Small-cap stocks outpaced their larger counterparts. The fund was modestly behind the benchmark, with its relative performance held back by both sector allocation and stock selection. Mergers and aquisitions activity was beneficial for the fund in the quarter. For example Tyman, which supplies engineered components to the door and window industry, and Alpha Financial Markets Consulting received bid approaches and added notable value. Also contributing was Severfield, an engineering company focusing on steelwork and cladding, which has businesses in the UK and India. The outlook for the company’s end market is improving and Severfield has a strong balance sheet. Detractors included oil & gas producer Serica Energy, which has been hurt by concerns over changes in the political environment. Not holding positions in Molten Ventures and Funding Circle Holdings also held back relative returns as the stocks performed well in the quarter. The positions in specialty chemicals firm Elementis and LondonMetric Property REIT were sold as they had become too large. The disposal of professional services group Gateley Holdings, took the opportunity to recycle capital into other names. In terms of purchases, a new position in pub chain JD Wetherspoon was added. This created the opportunity for improving sales growth, market share gains and expansion into franchise operations, all underpinned by a value-for-money price offering. In other activity, public transport group Mobico dropped into the benchmark and we added a new position in the fund. The Fund Manager is optimistic that target-level inflation, rising personal incomes and a new government will provide an attractive market environment that could enable companies to revert to earnings growth once again. In our view, valuations of smaller companies in the UK remain attractive, given the potential for a recovery in earnings.
Source: M&G
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.
UK Equities | 90.66% | |
Property | 6.06% | |
Cash and Equivalents | 1.92% | |
International Equities | 1.36% |
Industry | Supersector | Sector | Subsector | ||
---|---|---|---|---|---|
Industrials | 32.58% | - | - | - | |
Industrial Goods & Services | - | 21.89% | - | - | |
Industrial Support Services | - | - | 15.04% | - | |
Professional Business Support Services | - | - | - | 6.75% | |
Business Training & Employment Agencies | - | - | - | 4.45% | |
Transaction Processing Services | - | - | - | 1.75% | |
Industrial Suppliers | - | - | - | 1.40% | |
Security Services | - | - | - | 0.68% | |
Electronic & Electrical Equipment | - | - | 3.42% | - | |
Electrical Components | - | - | - | 3.42% | |
Industrial Engineering | - | - | 1.97% | - | |
Machinery: Industrial | - | - | - | 1.97% | |
Aerospace & Defence | - | - | 1.45% | - | |
Defense | - | - | - | 1.45% | |
Construction & Materials | - | 10.70% | - | - | |
Construction & Materials | - | - | 10.70% | - | |
Engineering & Contracting Services | - | - | - | 4.93% | |
Building Materials: Other | - | - | - | 2.11% | |
Cement | - | - | - | 1.93% | |
Construction | - | - | - | 1.73% | |
Consumer Discretionary | 20.57% | - | - | - | |
Media | - | 7.01% | - | - | |
Media | - | - | 7.01% | - | |
Publishing | - | - | - | 3.55% | |
Media Agencies | - | - | - | 3.45% | |
Travel & Leisure | - | 6.00% | - | - | |
Travel & Leisure | - | - | 6.00% | - | |
Restaurants & Bars | - | - | - | 3.09% | |
Recreational Services | - | - | - | 1.78% | |
Travel & Tourism | - | - | - | 1.13% | |
Retail | - | 5.53% | - | - | |
Retailers | - | - | 5.53% | - | |
Home Improvement Retailers | - | - | - | 3.72% | |
Specialty Retailers | - | - | - | 1.81% | |
Consumer Products & Services | - | 2.03% | - | - | |
Household Goods & Home Construction | - | - | 2.03% | - | |
Home Construction | - | - | - | 2.03% | |
Real Estate | 16.89% | - | - | - | |
Real Estate | - | 16.89% | - | - | |
Real Estate Investment Trusts | - | - | 13.27% | - | |
Office REITs | - | - | - | 7.21% | |
Residential REITs | - | - | - | 3.02% | |
Retail REITs | - | - | - | 1.93% | |
Diversified REITs | - | - | - | 1.11% | |
Real Estate Investment & Services | - | - | 3.62% | - | |
Real Estate Services | - | - | - | 3.62% | |
Financials | 14.18% | - | - | - | |
Financial Services | - | 11.62% | - | - | |
Investment Banking & Brokerage Services | - | - | 10.22% | - | |
Asset Managers & Custodians | - | - | - | 7.12% | |
Investment Services | - | - | - | 1.81% | |
Diversified Financial Services | - | - | - | 1.29% | |
Finance & Credit Services | - | - | 1.40% | - | |
Mortgage Finance | - | - | - | 1.40% | |
Insurance | - | 2.55% | - | - | |
Non-life Insurance | - | - | 2.55% | - | |
Property & Casualty Insurance | - | - | - | 2.55% | |
Technology | 8.34% | - | - | - | |
Technology | - | 8.34% | - | - | |
Software & Computer Services | - | - | 6.13% | - | |
Software | - | - | - | 3.21% | |
Computer Services | - | - | - | 2.92% | |
Technology Hardware & Equipment | - | - | 2.21% | - | |
Electronic Components | - | - | - | 2.21% | |
Energy | 2.16% | - | - | - | |
Energy | - | 2.16% | - | - | |
Non-Renewable Energy | - | - | 2.16% | - | |
Oil: Crude Producers | - | - | - | 1.37% | |
Oil Equipment & Services | - | - | - | 0.80% | |
Cash and Equivalents | 1.92% | - | - | - | |
Non-Classified | 1.87% | - | - | - | |
Basic Materials | 1.49% | - | - | - | |
Chemicals | - | 1.49% | - | - | |
Chemicals | - | - | 1.49% | - | |
Chemicals: Diversified | - | - | - | 1.49% |
UK | 90.66% | |
Property | 6.06% | |
Cash and Equivalents | 1.92% | |
Developed Asia | 1.36% |
Region | Country | ||
---|---|---|---|
UK | 90.66% | - | |
![]() |
- | 90.66% | |
Property | 6.06% | - | |
Cash and Equivalents | 1.92% | - | |
Developed Asia | 1.36% | - | |
![]() |
- | 1.36% |
Medium |
|
5.30% |
Small |
|
64.84% |
Micro |
|
25.34% |
Non-Classified |
|
2.61% |
Cash |
|
1.92% |
Stock | % Weight | Sector | Country | |
---|---|---|---|---|
1 | LSL PROPERTY SERVICES | 3.62% | Real Estate Investment & Services | United Kingdom |
2 | SEVERFIELD | 2.78% | Construction & Materials | United Kingdom |
3 | FORESIGHT GROUP HLDGS LTD | 2.76% | Investment Banking & Brokerage Services | United Kingdom |
4 | WICKES GROUP | 2.75% | Retailers | United Kingdom |
5 | PRS REIT Plc PRS REIT Plc ORD GBP0.01 | 2.66% | Real Estate Investment Trusts | Direct Property and REITs |
6 | HELICAL | 2.65% | Real Estate Investment Trusts | United Kingdom |
7 | Workspace Group Workspace Group Plc Ord GBP1 | 2.58% | Real Estate Investment Trusts | United Kingdom |
8 | SABRE INSURANCE GROUP | 2.55% | Non-life Insurance | United Kingdom |
9 | POLAR CAPITAL HOLDINGS PLC. | 2.45% | Investment Banking & Brokerage Services | United Kingdom |
10 | WILMINGTON | 2.39% | Media | United Kingdom |
UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
---|---|---|---|---|---|---|---|---|---|
Technology | 8.34% | - | - | - | - | - | - | - | 8.34% |
Financials | 14.18% | - | - | - | - | - | - | - | 14.18% |
Real Estate | 10.83% | - | - | - | - | 6.06% | - | - | 16.89% |
Consumer Discretionary | 20.57% | - | - | - | - | - | - | - | 20.57% |
Energy | 2.16% | - | - | - | - | - | - | - | 2.16% |
Industrials | 31.22% | 1.36% | - | - | - | - | - | - | 32.58% |
Basic Materials | 1.49% | - | - | - | - | - | - | - | 1.49% |
Cash and Equivalents | - | - | - | - | - | - | - | 1.92% | 1.92% |
Non-Classified | 1.87% | - | - | - | - | - | - | - | 1.87% |
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.
Sedol Code | 3169469 |
Mex Code | PUKS |
Isin Code | GB0031694697 |
Citi Code | P288 |
Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Smaller Companies Fund - the underlying fund. Underlying Fund Objective: The fund invests in the shares of smaller UK companies outside the FTSE 350 Index. The fund is actively managed against its benchmark, the FTSE Smaller Companies (ex-Investment Trusts) Index. The fund manager adopts a medium-term time horizon and focuses on identifying higher quality companies which, we believe, are under-valued due to pricing inefficiencies in the small cap market. This is backed up with detailed fundamental research to form an exclusively bottom-up stock-picking investment process. Performance Objective: To outperform the benchmark by 2.0% a year (before charges) on a rolling three year basis. |
Benchmark | FTSE Smaller Companies (ex-Investment Trusts) Index |
ABI Sector | UK Smaller Companies |
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.
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.
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.