Prudential Discretionary S1
Performance
Discrete performance - to latest available quarter end
| 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 | -4.3% | 19.7% | -7.2% | 2.8% | 11.8% |
| Benchmark | 0.1% | 15.2% | -3.4% | 5.1% | 11.5% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2024 |
3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
|
| Fund | 1.5% | 2.1% | 4.1% | 6.1% |
| Benchmark | 1.4% | 4.2% | 5.5% | 6.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Eastspring US Corporate Bond Class EG (hedged) | 5.80 |
| iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 1.58 |
| ASTRAZENECA | 1.43 |
| HSBC HOLDINGS | 1.28 |
| Segro Segro Ord GBP0.1 | 1.06 |
| UNILEVER | 0.84 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.82 |
| SAMSUNG ELECTRONICS CO. LTD | 0.77 |
| SHELL | 0.75 |
| BP | 0.72 |
| Total | 15.05 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Discretionary Fund - the underlying fund.
Underlying Fund Objective: The fund provides a multi-asset approach to investment, holding a mix of UK and overseas company shares, bonds, property, cash plus listed alternative assets primarily through other M&G funds or direct holdings. 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 1.15%-1.40% 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
| Bid (29/08/2024) | 9.76 |
| Offer (29/08/2024) | 10.28 |
| Fund size (31/07/2024) | £410.99m |
| Underlying Fund size | £532.28m |
| Number of holdings | 6781 |
| Launch date | 02/07/1991 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.04% |
| Yearly Total | 0.79% |
Asset Allocation
| International Equities | 33.16% | |
| UK Equities | 19.51% | |
| International Bonds | 13.32% | |
| Cash and Equivalents | 12.53% | |
| Property | 5.86% | |
| UK Corporate Bonds | 2.87% | |
| Investment Trusts | 1.76% | |
| UK Gilts | 1.11% | |
| Money Market | 0.10% | |
| Other Assets | 9.78% |
Commentary
Performance as at Q2 2024 - Initial worries about seemingly persistent inflation gave way to a more positive environment for global equities as investors increasingly anticipated cuts to interest rates. The European Central Bank (ECB) cut rates in June, while the US Federal Reserve indicated that further hikes were unlikely. Global equity markets gained in the second quarter. Bonds largely struggled over the three months as market observers adjusted their expectations for the path of interest rates to a more gradual pace of rate cuts. The fund advanced in the quarter and was ahead of the benchmark and behind the comparator. Pacific and emerging markets were among the strongest performing areas, in absolute terms, with US and UK and European equities also making gains, while Japan declined, all in sterling terms. Asia’s better performing stockmarkets included China, India and Taiwan, with Chinese equities continuing to recover from lows in January. Emerging markets were also boosted overall by China’s rebound. US equities were supported by improved investor sentiment on the back of the greater likelihood of interest rate cuts in the near term. Optimism regarding artificial intelligence (AI) and related technology companies also provided a boost. In the UK, inflation reached the Bank of England’s (BoE) target level, raising hopes for a rate cut in the summer. The prospect of a widely predicted outcome to the UK’s general election in early July was broadly welcomed by investors. Within Europe, some strong corporate earnings bolstered sentiment, but the announcement of a snap election in France raised uncertainty. Despite the ECB’s recent cut in interest rates, the scope for further cuts may be restricted due to stubborn inflation. The Japanese yen weakened notably over the quarter, leading to an erosion in returns for sterling-based investors. Stockpicking in the UK, US and Pacific markets was beneficial, while selection in Europe and Japan was broadly neutral. Stockpicks in emerging markets held back relative performance. More central banks may be able to ease monetary policy in the second half of 2024 but employment, activity and inflation data over the next few months will be critical to the evolution of their thinking. The US economy continues to look strong, but other regions, including the Eurozone, face more challenging conditions. This could lead to diverging rate cutting cycles and opportunities in relative value trades. Sovereign bonds encountered challenges amid investor concerns over delayed interest rate cuts and political uncertainties. UK government bonds were ahead of a global index of government bonds, but they underperformed US government bonds (Treasuries). Corporate bonds broadly outperformed government debt in the quarter. For the second consecutive quarter, riskier high yield bonds were among the best performers.
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 | 33.16% | |
| UK Equities | 19.51% | |
| International Bonds | 13.32% | |
| Cash and Equivalents | 12.53% | |
| Property | 5.86% | |
| UK Corporate Bonds | 2.87% | |
| Investment Trusts | 1.76% | |
| UK Gilts | 1.11% | |
| Money Market | 0.10% | |
| Other Assets | 9.78% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 17.30% | - | - | - | |
| Non-Classified | 13.48% | - | - | - | |
| Non-Classified | - | 9.94% | - | - | |
| Non-Classified | - | - | 9.94% | - | |
| Non-Classified | - | - | - | 9.94% | |
| Financials | 12.74% | - | - | - | |
| Banks | - | 5.73% | - | - | |
| Banks | - | - | 5.73% | - | |
| Banks | - | - | - | 5.73% | |
| Financial Services | - | 4.81% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.27% | - | |
| Asset Managers & Custodians | - | - | - | 1.31% | |
| Investment Services | - | - | - | 0.66% | |
| Diversified Financial Services | - | - | - | 0.29% | |
| Equity Investment Instruments | - | - | 1.76% | - | |
| Equity Investment Instruments | - | - | - | 1.76% | |
| Finance & Credit Services | - | - | 0.78% | - | |
| Financial Data & Systems | - | - | - | 0.62% | |
| Consumer Lending | - | - | - | 0.09% | |
| Mortgage Finance | - | - | - | 0.08% | |
| Nonequity Investment Instruments | - | - | 0.00% | - | |
| Nonequity Investment Instruments | - | - | - | 0.00% | |
| Insurance | - | 2.20% | - | - | |
| Life Insurance | - | - | 1.24% | - | |
| Life Insurance | - | - | - | 1.24% | |
| Non-life Insurance | - | - | 0.96% | - | |
| Property & Casualty Insurance | - | - | - | 0.58% | |
| Full Line Insurance | - | - | - | 0.20% | |
| Insurance Brokers | - | - | - | 0.10% | |
| Reinsurance | - | - | - | 0.07% | |
| Cash and Equivalents | 12.64% | - | - | - | |
| Industrials | 7.86% | - | - | - | |
| Industrial Goods & Services | - | 7.15% | - | - | |
| Industrial Transportation | - | - | 1.97% | - | |
| Railroads | - | - | - | 0.95% | |
| Transportation Services | - | - | - | 0.38% | |
| Marine Transportation | - | - | - | 0.34% | |
| Delivery Services | - | - | - | 0.18% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.05% | |
| Commercial Vehicles & Parts | - | - | - | 0.04% | |
| Trucking | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 1.64% | - | |
| Professional Business Support Services | - | - | - | 0.77% | |
| Transaction Processing Services | - | - | - | 0.34% | |
| Business Training & Employment Agencies | - | - | - | 0.28% | |
| Industrial Suppliers | - | - | - | 0.23% | |
| Security Services | - | - | - | 0.02% | |
| Forms & Bulk Printing Services | - | - | - | 0.01% | |
| General Industrials | - | - | 1.11% | - | |
| Diversified Industrials | - | - | - | 0.71% | |
| Containers & Packaging | - | - | - | 0.34% | |
| Glass | - | - | - | 0.03% | |
| Paints & Coatings | - | - | - | 0.02% | |
| Plastics | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.99% | - | |
| Machinery: Industrial | - | - | - | 0.30% | |
| Machinery: Construction & Handling | - | - | - | 0.27% | |
| Machinery: Engines | - | - | - | 0.18% | |
| Machinery: Tools | - | - | - | 0.15% | |
| Machinery: Specialty | - | - | - | 0.07% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 0.80% | - | |
| Electrical Components | - | - | - | 0.50% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.11% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.11% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.08% | |
| Electronic Equipment: Other | - | - | - | 0.02% | |
| Aerospace & Defence | - | - | 0.64% | - | |
| Aerospace | - | - | - | 0.34% | |
| Defense | - | - | - | 0.30% | |
| Construction & Materials | - | 0.71% | - | - | |
| Construction & Materials | - | - | 0.71% | - | |
| Construction | - | - | - | 0.21% | |
| Building: Climate Control | - | - | - | 0.12% | |
| Building Materials: Other | - | - | - | 0.12% | |
| Cement | - | - | - | 0.09% | |
| Engineering & Contracting Services | - | - | - | 0.09% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.09% | |
| Real Estate | 6.22% | - | - | - | |
| Real Estate | - | 6.22% | - | - | |
| Real Estate Investment Trusts | - | - | 5.40% | - | |
| Diversified REITs | - | - | - | 1.50% | |
| Industrial REITs | - | - | - | 1.23% | |
| Residential REITs | - | - | - | 0.51% | |
| Office REITs | - | - | - | 0.50% | |
| Retail REITs | - | - | - | 0.36% | |
| Storage REITs | - | - | - | 0.35% | |
| Health Care REITs | - | - | - | 0.32% | |
| Infrastructure REITs | - | - | - | 0.28% | |
| Other Specialty REITs | - | - | - | 0.26% | |
| Timber REITs | - | - | - | 0.08% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Real Estate Investment & Services | - | - | 0.82% | - | |
| Real Estate Holding and Development | - | - | - | 0.66% | |
| Real Estate Services | - | - | - | 0.16% | |
| Consumer Discretionary | 5.94% | - | - | - | |
| Retail | - | 1.42% | - | - | |
| Retailers | - | - | 1.42% | - | |
| Diversified Retailers | - | - | - | 0.87% | |
| Apparel Retailers | - | - | - | 0.21% | |
| Specialty Retailers | - | - | - | 0.17% | |
| Home Improvement Retailers | - | - | - | 0.16% | |
| Consumer Products & Services | - | 1.41% | - | - | |
| Leisure Goods | - | - | 0.46% | - | |
| Consumer Electronics | - | - | - | 0.20% | |
| Electronic Entertainment | - | - | - | 0.09% | |
| Toys | - | - | - | 0.09% | |
| Photography | - | - | - | 0.05% | |
| Recreational Vehicles & Boats | - | - | - | 0.03% | |
| Recreational Products | - | - | - | 0.02% | |
| Personal Goods | - | - | 0.35% | - | |
| Clothing & Accessories | - | - | - | 0.20% | |
| Cosmetics | - | - | - | 0.07% | |
| Footwear | - | - | - | 0.05% | |
| Luxury Items | - | - | - | 0.03% | |
| Household Goods & Home Construction | - | - | 0.32% | - | |
| Home Construction | - | - | - | 0.23% | |
| Household Appliance | - | - | - | 0.08% | |
| Household Furnishings | - | - | - | 0.01% | |
| Household Equipment & Products | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.28% | - | |
| Vending & Catering Service | - | - | - | 0.22% | |
| Consumer Services: Misc. | - | - | - | 0.06% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Education Services | - | - | - | 0.00% | |
| Automobiles & Parts | - | 1.21% | - | - | |
| Automobiles & Parts | - | - | 1.21% | - | |
| Automobiles | - | - | - | 0.90% | |
| Auto Parts | - | - | - | 0.30% | |
| Tires | - | - | - | 0.00% | |
| Media | - | 1.05% | - | - | |
| Media | - | - | 1.05% | - | |
| Publishing | - | - | - | 0.53% | |
| Media Agencies | - | - | - | 0.32% | |
| Radio & TV Broadcasters | - | - | - | 0.14% | |
| Entertainment | - | - | - | 0.06% | |
| Travel & Leisure | - | 0.85% | - | - | |
| Travel & Leisure | - | - | 0.85% | - | |
| Hotels & Motels | - | - | - | 0.22% | |
| Casinos & Gambling | - | - | - | 0.20% | |
| Restaurants & Bars | - | - | - | 0.20% | |
| Recreational Services | - | - | - | 0.10% | |
| Travel & Tourism | - | - | - | 0.08% | |
| Airlines | - | - | - | 0.04% | |
| Technology | 5.78% | - | - | - | |
| Technology | - | 5.78% | - | - | |
| Technology Hardware & Equipment | - | - | 3.17% | - | |
| Semiconductors | - | - | - | 1.99% | |
| Computer Hardware | - | - | - | 0.54% | |
| Production Technology Equipment | - | - | - | 0.31% | |
| Electronic Components | - | - | - | 0.31% | |
| Electronic Office Equipment | - | - | - | 0.03% | |
| Software & Computer Services | - | - | 2.61% | - | |
| Consumer Digital Services | - | - | - | 1.16% | |
| Software | - | - | - | 0.93% | |
| Computer Services | - | - | - | 0.52% | |
| Health Care | 4.28% | - | - | - | |
| Health Care | - | 4.28% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.55% | - | |
| Pharmaceuticals | - | - | - | 3.25% | |
| Biotechnology | - | - | - | 0.30% | |
| Medical Equipment & Services | - | - | 0.53% | - | |
| Medical Equipment | - | - | - | 0.45% | |
| Medical Supplies | - | - | - | 0.07% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.21% | - | |
| Health Care Management Services | - | - | - | 0.18% | |
| Health Care Facilities | - | - | - | 0.02% | |
| Health Care Services | - | - | - | 0.00% | |
| Consumer Staples | 3.69% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.89% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.89% | - | |
| Personal Products | - | - | - | 0.96% | |
| Food Retailers & Wholesalers | - | - | - | 0.48% | |
| Nondurable Household Products | - | - | - | 0.37% | |
| Drug Retailers | - | - | - | 0.08% | |
| Food, Beverage & Tobacco | - | 1.80% | - | - | |
| Beverages | - | - | 1.10% | - | |
| Distillers & Vintners | - | - | - | 0.53% | |
| Soft Drinks | - | - | - | 0.39% | |
| Brewers | - | - | - | 0.19% | |
| Food Producers | - | - | 0.64% | - | |
| Food Products | - | - | - | 0.61% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Fruit & Grain Processing | - | - | - | 0.01% | |
| Tobacco | - | - | 0.06% | - | |
| Tobacco | - | - | - | 0.06% | |
| Utilities | 3.57% | - | - | - | |
| Utilities | - | 3.57% | - | - | |
| Electricity | - | - | 2.13% | - | |
| Conventional Electricity | - | - | - | 2.08% | |
| Alternative Electricity | - | - | - | 0.05% | |
| Gas, Water & Multi-utilities | - | - | 1.42% | - | |
| Multi-Utilities | - | - | - | 0.96% | |
| Water | - | - | - | 0.27% | |
| Gas Distribution | - | - | - | 0.19% | |
| Waste & Disposal Services | - | - | 0.02% | - | |
| Waste & Disposal Services | - | - | - | 0.02% | |
| Energy | 3.41% | - | - | - | |
| Energy | - | 3.41% | - | - | |
| Non-Renewable Energy | - | - | 3.33% | - | |
| Integrated Oil & Gas | - | - | - | 1.98% | |
| Pipelines | - | - | - | 0.69% | |
| Oil: Crude Producers | - | - | - | 0.39% | |
| Oil Refining and Marketing | - | - | - | 0.17% | |
| Oil Equipment & Services | - | - | - | 0.10% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Coal | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.08% | - | |
| Alternative Fuels | - | - | - | 0.07% | |
| Renewable Energy Equipment | - | - | - | 0.01% | |
| Telecommunications | 2.50% | - | - | - | |
| Telecommunications | - | 2.50% | - | - | |
| Telecommunications Service Providers | - | - | 1.41% | - | |
| Telecommunications Services | - | - | - | 1.40% | |
| Cable Television Services | - | - | - | 0.01% | |
| Telecommunications Equipment | - | - | 1.08% | - | |
| Telecommunications Equipment | - | - | - | 1.08% | |
| Basic Materials | 2.15% | - | - | - | |
| Basic Resources | - | 1.47% | - | - | |
| Industrial Metals & Mining | - | - | 1.31% | - | |
| General Mining | - | - | - | 0.93% | |
| Iron & Steel | - | - | - | 0.15% | |
| Copper | - | - | - | 0.13% | |
| Aluminum | - | - | - | 0.03% | |
| Metal Fabricating | - | - | - | 0.03% | |
| Nonferrous Metals | - | - | - | 0.03% | |
| Precious Metals & Mining | - | - | 0.12% | - | |
| Gold Mining | - | - | - | 0.11% | |
| Platinum & Precious Metals | - | - | - | 0.01% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.04% | - | |
| Diversified Materials | - | - | - | 0.02% | |
| Paper | - | - | - | 0.02% | |
| Textile Products | - | - | - | 0.00% | |
| Chemicals | - | 0.68% | - | - | |
| Chemicals | - | - | 0.68% | - | |
| Chemicals: Diversified | - | - | - | 0.41% | |
| Specialty Chemicals | - | - | - | 0.20% | |
| Fertilizers | - | - | - | 0.03% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.03% | |
| Alternative Trading Strategies | -1.55% | - | - | - | |
| Alternative Trading Strategies | - | -1.55% | - | - | |
| Alternative Trading Strategies | - | - | -1.55% | - | |
| Alternative Trading Strategies | - | - | - | -1.55% | |
Regional Allocation
| UK | 23.54% | |
| North America | 20.75% | |
| Cash and Equivalents | 12.64% | |
| Non-Classified | 12.41% | |
| Emerging Asia | 7.78% | |
| Developed Europe - Excl UK | 6.99% | |
| Property | 5.88% | |
| Japan | 4.56% | |
| Developed Asia | 2.68% | |
| Other Regions | 2.77% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 70.37% | |
| Cash | 12.33% | |
| Pound Sterling | 11.64% | |
| Euro | 2.74% | |
| US Dollar | 2.40% | |
| Brazilian Real | 0.05% | |
| Other Currencies | 0.45% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 23.54% | - | |
United Kingdom
|
- | 23.50% | |
Jersey
|
- | 0.04% | |
Isle of Man
|
- | 0.03% | |
Guernsey
|
- | 0.00% | |
| North America | 20.75% | - | |
United States
|
- | 19.07% | |
Canada
|
- | 1.68% | |
| Cash and Equivalents | 12.64% | - | |
| Non-Classified | 12.41% | - | |
| Emerging Asia | 7.78% | - | |
South Korea
|
- | 2.04% | |
China
|
- | 1.74% | |
Taiwan
|
- | 1.31% | |
India
|
- | 1.31% | |
Indonesia
|
- | 0.55% | |
Thailand
|
- | 0.47% | |
Malaysia
|
- | 0.16% | |
Philippines
|
- | 0.10% | |
Uzbekistan
|
- | 0.02% | |
Viet Nam
|
- | 0.02% | |
Azerbaijan
|
- | 0.01% | |
Kazakhstan
|
- | 0.01% | |
Tajikistan
|
- | 0.01% | |
Georgia
|
- | 0.01% | |
Mongolia
|
- | 0.01% | |
Armenia
|
- | 0.00% | |
Sri Lanka
|
- | 0.00% | |
Papua New Guinea
|
- | 0.00% | |
Macau
|
- | 0.00% | |
Pakistan
|
- | 0.00% | |
| Developed Europe - Excl UK | 6.99% | - | |
France
|
- | 1.53% | |
Germany
|
- | 0.94% | |
Netherlands
|
- | 0.84% | |
Switzerland
|
- | 0.68% | |
Ireland
|
- | 0.66% | |
Sweden
|
- | 0.40% | |
Luxembourg
|
- | 0.39% | |
Spain
|
- | 0.37% | |
Italy
|
- | 0.32% | |
Denmark
|
- | 0.28% | |
Belgium
|
- | 0.21% | |
Finland
|
- | 0.09% | |
Norway
|
- | 0.08% | |
Portugal
|
- | 0.07% | |
Austria
|
- | 0.07% | |
Iceland
|
- | 0.04% | |
| Property | 5.88% | - | |
| Japan | 4.56% | - | |
Japan
|
- | 4.56% | |
| Developed Asia | 2.68% | - | |
Hong Kong
|
- | 1.80% | |
Singapore
|
- | 0.88% | |
| Australia & New Zealand | 0.97% | - | |
Australia
|
- | 0.93% | |
New Caledonia
|
- | 0.02% | |
New Zealand
|
- | 0.01% | |
| South & Central America | 0.89% | - | |
Brazil
|
- | 0.30% | |
Mexico
|
- | 0.30% | |
Colombia
|
- | 0.07% | |
Peru
|
- | 0.03% | |
Dominican Republic
|
- | 0.03% | |
Uruguay
|
- | 0.03% | |
Argentina
|
- | 0.02% | |
Chile
|
- | 0.02% | |
Paraguay
|
- | 0.01% | |
Jamaica
|
- | 0.01% | |
Venezuela
|
- | 0.01% | |
Guatemala
|
- | 0.01% | |
Barbados
|
- | 0.01% | |
Ecuador
|
- | 0.01% | |
Suriname
|
- | 0.01% | |
El Salvador
|
- | 0.01% | |
Trinidad and Tobago
|
- | 0.01% | |
Honduras
|
- | 0.00% | |
Costa Rica
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
| Middle East & Africa | 0.47% | - | |
South Africa
|
- | 0.15% | |
United Arab Emirates
|
- | 0.10% | |
Israel
|
- | 0.05% | |
Egypt
|
- | 0.02% | |
Morocco
|
- | 0.01% | |
Qatar
|
- | 0.01% | |
Cote D'Ivoire
|
- | 0.01% | |
Oman
|
- | 0.01% | |
Benin
|
- | 0.01% | |
Nigeria
|
- | 0.01% | |
Kenya
|
- | 0.01% | |
Gabon
|
- | 0.01% | |
Senegal
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Angola
|
- | 0.01% | |
Saudi Arabia
|
- | 0.01% | |
Jordan
|
- | 0.01% | |
Mozambique
|
- | 0.01% | |
Rwanda
|
- | 0.01% | |
Zambia
|
- | 0.00% | |
Ghana
|
- | 0.00% | |
Kuwait
|
- | 0.00% | |
Iraq
|
- | 0.00% | |
| Emerging Europe | 0.45% | - | |
Greece
|
- | 0.13% | |
Turkey
|
- | 0.09% | |
Poland
|
- | 0.07% | |
Hungary
|
- | 0.06% | |
Romania
|
- | 0.04% | |
Czech Republic
|
- | 0.02% | |
Serbia
|
- | 0.01% | |
Ukraine
|
- | 0.01% | |
Montenegro
|
- | 0.01% | |
Bosnia and Herzegowina
|
- | 0.00% | |
Albania
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
27.38% |
| Large |
|
13.00% |
| Medium |
|
8.90% |
| Small |
|
3.35% |
| Micro |
|
0.75% |
| Non-Classified |
|
16.69% |
| Bonds |
|
17.30% |
| Cash |
|
12.64% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
3.72% |
| 5Yr - 10Yr Maturity |
|
2.36% |
| 10Yr - 15Yr Maturity |
|
0.74% |
| > 15Yr Maturity |
|
4.68% |
| Cash And Equivalents |
|
12.64% |
| Unknown Maturity |
|
9.21% |
| Other Asset Types |
|
66.65% |
Fixed Interest Quality Profile
| AAA |
|
0.60% |
| AA |
|
1.77% |
| A |
|
1.71% |
| BBB |
|
2.82% |
| Sub-Investment Grade |
|
1.74% |
| Unknown Quality |
|
2.86% |
| Cash and Equivalents |
|
12.64% |
| Other Asset Types |
|
75.86% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G PP UK Equity Fund | 19.50% | Managed Funds | Managed Funds |
| 2 | M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A | 8.91% | Managed Funds | Managed Funds |
| 3 | Eastspring US Corporate Bond Class EG (hedged) | 5.80% | Managed Funds | Managed Funds |
| 4 | M&G PP Europe Equity | 5.27% | Managed Funds | Managed Funds |
| 5 | iShares iShares II plc UK Property UCITS ETF GBP (Dist) | 4.46% | Managed Funds | Managed Funds |
| 6 | M&G (ACS) Japan Equity Fund Z2A Acc | 4.28% | Managed Funds | Managed Funds |
| 7 | Legal & General Global Infrastructure Index Class C | 4.24% | Managed Funds | Managed Funds |
| 8 | M&G (ACS) BlackRock US Equity 2 GBPZ2A GBP ACC | 4.21% | Managed Funds | Managed Funds |
| 9 | M&G (ACS) Blackrock US Equity Z2A Acc | 4.16% | Managed Funds | Managed Funds |
| 10 | M&G Total Return Credit Investment Class PP GBP | 4.02% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Eastspring US Corporate Bond Class EG (hedged) | 5.80% | Bonds | United States |
| 2 | iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 1.58% | Non-Classified | Direct Property and REITs |
| 3 | ASTRAZENECA | 1.43% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | HSBC HOLDINGS | 1.28% | Banks | United Kingdom |
| 5 | Segro Segro Ord GBP0.1 | 1.06% | Real Estate Investment Trusts | Direct Property and REITs |
| 6 | UNILEVER | 0.84% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 7 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.82% | Technology Hardware & Equipment | Taiwan |
| 8 | SAMSUNG ELECTRONICS CO. LTD | 0.77% | Telecommunications Equipment | South Korea |
| 9 | SHELL | 0.75% | Non-Renewable Energy | United Kingdom |
| 10 | BP | 0.72% | Non-Renewable Energy | United Kingdom |
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).
Identification Codes
| Sedol Code | 0702254 |
| Mex Code | PUPMD |
| Isin Code | GB0007022543 |
| Citi Code | PS17 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.04% |
| Yearly Total | 0.79% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Discretionary Fund - the underlying fund. Underlying Fund Objective: The fund provides a multi-asset approach to investment, holding a mix of UK and overseas company shares, bonds, property, cash plus listed alternative assets primarily through other M&G funds or direct holdings. 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 1.15%-1.40% 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 | Mixed Investment 40-85% Shares |
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 Risk
These funds may invest in multi-asset strategies with a higher weighting in equities (or with significant derivative use), while funds investing mainly in property, high yield or government bonds (such as UK Gilts) are also in this category.
Help
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.