PIA Risk Managed Passive 1 Ser B
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 13.0% | -2.4% | -6.2% | 5.8% | 3.3% |
| Sector | 7.4% | 0.3% | -3.8% | 4.4% | 2.3% |
| Rank | 31/144 | 123/164 | 116/166 | 54/170 | 43/175 |
| Quartile | 1 | 3 | 3 | 2 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 0.8% | 2.5% | 2.3% | |
| Sector | 0.9% | 2.1% | 2.3% | |
| Rank | 84/166 | 55/144 | 27/57 | |
| Quartile | 3 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.54 |
| ASTRAZENECA | 0.31 |
| SHELL | 0.30 |
| L&G FREEHOLD PROPERTY | 0.30 |
| HSBC HOLDINGS | 0.28 |
| UNILEVER | 0.22 |
| MIZUHO BANK LTD (LONDON BRANCH) 0% 06/11/2024 | 0.20 |
| CHESHAM FIN LTD / CHESHAM FIN LLC 0% 07/11/2024 | 0.20 |
| CHESHAM FIN LTD / CHESHAM FIN LLC 0% 18/11/2024 | 0.20 |
| KFW 0% 03/01/2025 | 0.20 |
| Total | 2.76 |
Fund Aims
Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Passive 1 Fund - the underlying fund.
Underlying Fund Objective: The fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 9%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 9%. Capital invested is at risk. The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (e.g. funds which track an index). The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure to lower risk assets such as fixed income assets and cash.
Fund Manager
The M&G Treasury and Investment Office (T&IO) is our team of in-house investment strategists and ‘manager of managers’ for Pru in the UK. They are independent of the various underlying asset management businesses within M&G plc and carry out various stages of the investment process including setting the strategic asset allocation, manager selection and oversight and portfolio management*. The team includes investment professionals with expertise in capital market research, investment strategy design, liability management, derivatives and portfolio management*.
* M&G Investment Management Ltd are the investment managers for the WS Prudential Risk Managed Active and Risk Managed Passive Funds. They make the relevant adjustments to the portfolios based on T&IO recommendations.
Fund Overview
| Bid (01/04/2025) | 1.96 |
| Offer (01/04/2025) | 2.07 |
| Fund size (28/02/2025) | £9.36m |
| Underlying Fund size | £260.82m |
| Number of holdings | 20836 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.18% |
| Further Costs | 0.06% |
| Yearly Total | 1.24% |
Asset Allocation
| International Bonds | 45.77% | |
| Alternative Trading Strategies | 12.52% | |
| International Equities | 12.15% | |
| UK Corporate Bonds | 10.04% | |
| UK Equities | 4.59% | |
| Cash and Equivalents | 4.34% | |
| Property | 1.01% | |
| Investment Trusts | 0.27% | |
| Money Market | 0.06% | |
| Other Assets | 9.26% |
Commentary
The following commentary is for the underlying OEIC which the fund invests into:
February 2025 Investment Summary
A positive month for the Passive range with returns ranging from +0.17% for Passive 5 to +0.61% for Passive 1.
*P Acc share class with data sourced from FE analytics as at 28 February 2025.
February 2025 was a positive month for the portfolios.
A number of major equity markets gained, led by UK and European stocks. The FTSE 100 rose 1.5%, after positive data releases for GDP growth and retail sales. The Stoxx 600 rose 3.3% as defence stocks performed strongly with projections of increased military spending. A potential resolution to the Ukraine war supported the general market outlook. Chinese stocks edged up following continued optimism for domestic technology stocks. The S&P 500 decreased 1.3% and Nasdaq fell 3.9%. Sector performance saw Utilities and Real Estate lead gains, the largest falls seen in healthcare and technology. Market uncertainty around AI-heavy technology names and tariff-driven inflation impacts, saw investors rotate out of US equities into cheaper valued UK and European equities.
Tariff fears contributed to the risk off US sentiment, with 25% tariffs on Mexican/ Canadian imports meant to take effect at the start of March, subsequently delayed by a month at the 11th hour. Additional 10% US levies on Chinese goods fuelled investor concerns of a worldwide economic slowdown and global trade war. The US market’s heavy tech concentration remained under pressure, with worries over the sustainability of large cap technology company earnings and rich valuations. Trumps tariff proposals contributed to markets repricing inflationary pressures, 10 year US Government bond yields experienced volatility but closed lower at 4.24%, having peaked at 4.62% intra-month. The Fed held interest rates in January, as officials indicated “further progress on inflation” was needed before any new interest rate cuts. Markets price the Fed to hold rates on March 19th at 96%.
US labour market data showed payrolls increased by 151,000, slightly below forecasts. 10,000 cuts to the governments workforce contributed to a small rise in unemployment (to 4.1% from 4.0%), but growth in other sectors of the US’s jobs market and wage growth increases highlighted the labour markets stability. US consumer confidence saw its steepest decline since August 2021. Households are increasingly uncomfortable about a growing list of negative economic data and trade tariff implications, with the view tariffs would increase the cost of living.
Middle East tensions remain. The Israeli military delayed withdrawals from southern Lebanon, remaining at five ‘strategic’ positions. The US stated they are “working very hard in the Middle East and Gaza” to bring a permanent end to the war. The conflicts impact remains limited on the global economy, Brent Crude remained range-bound in the mid $70/barrel.
Central bankers have tough decisions to make following mixed data, fiscal/policy uncertainty, sticky inflation. A robust US economy, with the potential for increased spending and tax cuts, should be good for risk assets, but concerns linked to tariffs and federal job cuts are starting to show in consumer and business surveys. Regional differentiation may continue to be an important theme, with decoupled economic cycles and trade war repercussions.
WS Prudential Risk Managed Passive - Tactical asset allocation activity
We maintain an equity overweight of +1.60%, made up of a diversified basket of US, UK, Asia and GEM due to a continued preference for equities and a positive view on the broad Asia region. This is funded from small underweights in US Credit, European Credit and cash. We also hold small overweight positions in US Treasuries, UK Gilts and Real Estate (REITs).
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 product charges, or 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 the fund's currency of denomination 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 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.
Asset Allocation
| International Bonds | 45.77% | |
| Alternative Trading Strategies | 12.52% | |
| International Equities | 12.15% | |
| UK Corporate Bonds | 10.04% | |
| UK Equities | 4.59% | |
| Cash and Equivalents | 4.34% | |
| Property | 1.01% | |
| Investment Trusts | 0.27% | |
| Money Market | 0.06% | |
| Other Assets | 9.26% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 55.81% | - | - | - | |
| Alternative Trading Strategies | 12.52% | - | - | - | |
| Alternative Trading Strategies | - | 12.52% | - | - | |
| Alternative Trading Strategies | - | - | 12.52% | - | |
| Alternative Trading Strategies | - | - | - | 12.52% | |
| Non-Classified | 9.52% | - | - | - | |
| Non-Classified | - | 0.05% | - | - | |
| Non-Classified | - | - | 0.05% | - | |
| Non-Classified | - | - | - | 0.05% | |
| Cash and Equivalents | 4.40% | - | - | - | |
| Financials | 3.53% | - | - | - | |
| Banks | - | 1.91% | - | - | |
| Banks | - | - | 1.91% | - | |
| Banks | - | - | - | 1.91% | |
| Financial Services | - | 1.03% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.55% | - | |
| Asset Managers & Custodians | - | - | - | 0.24% | |
| Investment Services | - | - | - | 0.20% | |
| Diversified Financial Services | - | - | - | 0.11% | |
| Equity Investment Instruments | - | - | 0.27% | - | |
| Equity Investment Instruments | - | - | - | 0.27% | |
| Finance & Credit Services | - | - | 0.20% | - | |
| Financial Data & Systems | - | - | - | 0.14% | |
| Consumer Lending | - | - | - | 0.05% | |
| Mortgage Finance | - | - | - | 0.01% | |
| Mortgage Real Estate Investment Trusts | - | - | 0.00% | - | |
| Mortgage REITs: Residential | - | - | - | 0.00% | |
| Insurance | - | 0.59% | - | - | |
| Life Insurance | - | - | 0.30% | - | |
| Life Insurance | - | - | - | 0.30% | |
| Non-life Insurance | - | - | 0.29% | - | |
| Property & Casualty Insurance | - | - | - | 0.13% | |
| Full Line Insurance | - | - | - | 0.10% | |
| Reinsurance | - | - | - | 0.03% | |
| Insurance Brokers | - | - | - | 0.02% | |
| Technology | 2.61% | - | - | - | |
| Technology | - | 2.61% | - | - | |
| Technology Hardware & Equipment | - | - | 1.50% | - | |
| Semiconductors | - | - | - | 0.95% | |
| Computer Hardware | - | - | - | 0.26% | |
| Production Technology Equipment | - | - | - | 0.14% | |
| Electronic Components | - | - | - | 0.13% | |
| Electronic Office Equipment | - | - | - | 0.02% | |
| Software & Computer Services | - | - | 1.11% | - | |
| Consumer Digital Services | - | - | - | 0.56% | |
| Software | - | - | - | 0.39% | |
| Computer Services | - | - | - | 0.17% | |
| Industrials | 2.28% | - | - | - | |
| Industrial Goods & Services | - | 2.05% | - | - | |
| Industrial Transportation | - | - | 0.54% | - | |
| Railroads | - | - | - | 0.25% | |
| Transportation Services | - | - | - | 0.11% | |
| Marine Transportation | - | - | - | 0.06% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.05% | |
| Delivery Services | - | - | - | 0.03% | |
| Commercial Vehicles & Parts | - | - | - | 0.02% | |
| Railroad Equipment | - | - | - | 0.01% | |
| Trucking | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 0.37% | - | |
| Professional Business Support Services | - | - | - | 0.15% | |
| Transaction Processing Services | - | - | - | 0.09% | |
| Industrial Suppliers | - | - | - | 0.07% | |
| Business Training & Employment Agencies | - | - | - | 0.04% | |
| Security Services | - | - | - | 0.01% | |
| Forms & Bulk Printing Services | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 0.35% | - | |
| Aerospace | - | - | - | 0.23% | |
| Defense | - | - | - | 0.13% | |
| Electronic & Electrical Equipment | - | - | 0.29% | - | |
| Electrical Components | - | - | - | 0.17% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.06% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.04% | |
| Electronic Equipment: Other | - | - | - | 0.01% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.01% | |
| General Industrials | - | - | 0.27% | - | |
| Diversified Industrials | - | - | - | 0.21% | |
| Containers & Packaging | - | - | - | 0.03% | |
| Plastics | - | - | - | 0.01% | |
| Paints & Coatings | - | - | - | 0.01% | |
| Glass | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.22% | - | |
| Machinery: Industrial | - | - | - | 0.10% | |
| Machinery: Construction & Handling | - | - | - | 0.06% | |
| Machinery: Tools | - | - | - | 0.02% | |
| Machinery: Engines | - | - | - | 0.02% | |
| Machinery: Specialty | - | - | - | 0.01% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Construction & Materials | - | 0.23% | - | - | |
| Construction & Materials | - | - | 0.23% | - | |
| Building Materials: Other | - | - | - | 0.06% | |
| Cement | - | - | - | 0.05% | |
| Construction | - | - | - | 0.05% | |
| Building: Climate Control | - | - | - | 0.03% | |
| Engineering & Contracting Services | - | - | - | 0.03% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.01% | |
| Consumer Discretionary | 2.00% | - | - | - | |
| Consumer Products & Services | - | 0.54% | - | - | |
| Personal Goods | - | - | 0.21% | - | |
| Clothing & Accessories | - | - | - | 0.10% | |
| Luxury Items | - | - | - | 0.05% | |
| Footwear | - | - | - | 0.03% | |
| Cosmetics | - | - | - | 0.02% | |
| Leisure Goods | - | - | 0.13% | - | |
| Electronic Entertainment | - | - | - | 0.05% | |
| Consumer Electronics | - | - | - | 0.04% | |
| Toys | - | - | - | 0.01% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Recreational Products | - | - | - | 0.00% | |
| Photography | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.11% | - | |
| Vending & Catering Service | - | - | - | 0.09% | |
| Consumer Services: Misc. | - | - | - | 0.02% | |
| Education Services | - | - | - | 0.00% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Household Goods & Home Construction | - | - | 0.09% | - | |
| Home Construction | - | - | - | 0.06% | |
| Household Appliance | - | - | - | 0.02% | |
| Household Equipment & Products | - | - | - | 0.01% | |
| Household Furnishings | - | - | - | 0.00% | |
| Retail | - | 0.52% | - | - | |
| Retailers | - | - | 0.52% | - | |
| Diversified Retailers | - | - | - | 0.35% | |
| Apparel Retailers | - | - | - | 0.07% | |
| Specialty Retailers | - | - | - | 0.05% | |
| Home Improvement Retailers | - | - | - | 0.05% | |
| Automobiles & Parts | - | 0.35% | - | - | |
| Automobiles & Parts | - | - | 0.35% | - | |
| Automobiles | - | - | - | 0.27% | |
| Auto Parts | - | - | - | 0.07% | |
| Tires | - | - | - | 0.02% | |
| Auto Services | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.31% | - | - | |
| Travel & Leisure | - | - | 0.31% | - | |
| Hotels & Motels | - | - | - | 0.08% | |
| Airlines | - | - | - | 0.07% | |
| Casinos & Gambling | - | - | - | 0.06% | |
| Restaurants & Bars | - | - | - | 0.05% | |
| Travel & Tourism | - | - | - | 0.04% | |
| Recreational Services | - | - | - | 0.01% | |
| Media | - | 0.28% | - | - | |
| Media | - | - | 0.28% | - | |
| Publishing | - | - | - | 0.16% | |
| Media Agencies | - | - | - | 0.06% | |
| Entertainment | - | - | - | 0.04% | |
| Radio & TV Broadcasters | - | - | - | 0.02% | |
| Health Care | 1.33% | - | - | - | |
| Health Care | - | 1.33% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.01% | - | |
| Pharmaceuticals | - | - | - | 0.88% | |
| Biotechnology | - | - | - | 0.13% | |
| Medical Equipment & Services | - | - | 0.22% | - | |
| Medical Equipment | - | - | - | 0.14% | |
| Medical Supplies | - | - | - | 0.07% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.09% | - | |
| Health Care Facilities | - | - | - | 0.04% | |
| Health Care Management Services | - | - | - | 0.04% | |
| Health Care Services | - | - | - | 0.01% | |
| Consumer Staples | 1.28% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.71% | - | - | |
| Beverages | - | - | 0.29% | - | |
| Distillers & Vintners | - | - | - | 0.16% | |
| Soft Drinks | - | - | - | 0.07% | |
| Brewers | - | - | - | 0.06% | |
| Tobacco | - | - | 0.21% | - | |
| Tobacco | - | - | - | 0.21% | |
| Food Producers | - | - | 0.21% | - | |
| Food Products | - | - | - | 0.18% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Fruit & Grain Processing | - | - | - | 0.01% | |
| Sugar | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 0.58% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.58% | - | |
| Personal Products | - | - | - | 0.28% | |
| Food Retailers & Wholesalers | - | - | - | 0.21% | |
| Nondurable Household Products | - | - | - | 0.07% | |
| Drug Retailers | - | - | - | 0.02% | |
| Energy | 1.03% | - | - | - | |
| Energy | - | 1.03% | - | - | |
| Non-Renewable Energy | - | - | 1.01% | - | |
| Integrated Oil & Gas | - | - | - | 0.55% | |
| Pipelines | - | - | - | 0.23% | |
| Oil Refining and Marketing | - | - | - | 0.08% | |
| Oil: Crude Producers | - | - | - | 0.07% | |
| Coal | - | - | - | 0.03% | |
| Oil Equipment & Services | - | - | - | 0.03% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.02% | - | |
| Renewable Energy Equipment | - | - | - | 0.02% | |
| Alternative Fuels | - | - | - | 0.00% | |
| Utilities | 1.03% | - | - | - | |
| Utilities | - | 1.03% | - | - | |
| Electricity | - | - | 0.61% | - | |
| Conventional Electricity | - | - | - | 0.57% | |
| Alternative Electricity | - | - | - | 0.03% | |
| Gas, Water & Multi-utilities | - | - | 0.40% | - | |
| Multi-Utilities | - | - | - | 0.27% | |
| Gas Distribution | - | - | - | 0.07% | |
| Water | - | - | - | 0.07% | |
| Waste & Disposal Services | - | - | 0.02% | - | |
| Waste & Disposal Services | - | - | - | 0.02% | |
| Real Estate | 0.95% | - | - | - | |
| Real Estate | - | 0.95% | - | - | |
| Real Estate Investment Trusts | - | - | 0.74% | - | |
| Industrial REITs | - | - | - | 0.16% | |
| Diversified REITs | - | - | - | 0.14% | |
| Retail REITs | - | - | - | 0.08% | |
| Residential REITs | - | - | - | 0.07% | |
| Infrastructure REITs | - | - | - | 0.07% | |
| Other Specialty REITs | - | - | - | 0.06% | |
| Office REITs | - | - | - | 0.06% | |
| Health Care REITs | - | - | - | 0.05% | |
| Storage REITs | - | - | - | 0.04% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Timber REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.21% | - | |
| Real Estate Holding and Development | - | - | - | 0.16% | |
| Real Estate Services | - | - | - | 0.04% | |
| Basic Materials | 0.85% | - | - | - | |
| Basic Resources | - | 0.65% | - | - | |
| Industrial Metals & Mining | - | - | 0.51% | - | |
| General Mining | - | - | - | 0.40% | |
| Iron & Steel | - | - | - | 0.07% | |
| Copper | - | - | - | 0.02% | |
| Metal Fabricating | - | - | - | 0.01% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Aluminum | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.12% | - | |
| Gold Mining | - | - | - | 0.11% | |
| Platinum & Precious Metals | - | - | - | 0.01% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.02% | - | |
| Paper | - | - | - | 0.01% | |
| Diversified Materials | - | - | - | 0.01% | |
| Forestry | - | - | - | 0.00% | |
| Textile Products | - | - | - | 0.00% | |
| Chemicals | - | 0.20% | - | - | |
| Chemicals | - | - | 0.20% | - | |
| Chemicals: Diversified | - | - | - | 0.12% | |
| Specialty Chemicals | - | - | - | 0.06% | |
| Fertilizers | - | - | - | 0.01% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.01% | |
| Telecommunications | 0.56% | - | - | - | |
| Telecommunications | - | 0.56% | - | - | |
| Telecommunications Service Providers | - | - | 0.36% | - | |
| Telecommunications Services | - | - | - | 0.34% | |
| Cable Television Services | - | - | - | 0.03% | |
| Telecommunications Equipment | - | - | 0.20% | - | |
| Telecommunications Equipment | - | - | - | 0.20% | |
| Property | 0.30% | - | - | - | |
| Property | - | 0.30% | - | - | |
| Property | - | - | 0.30% | - | |
| Property | - | - | - | 0.30% | |
Regional Allocation
| Non-Classified | 25.73% | |
| North America | 21.11% | |
| Developed Europe - Excl UK | 17.09% | |
| UK | 14.62% | |
| Emerging Asia | 7.93% | |
| Cash and Equivalents | 4.40% | |
| Middle East & Africa | 1.74% | |
| Japan | 1.60% | |
| South & Central America | 1.54% | |
| Other Regions | 4.24% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 40.00% | |
| Pound Sterling | 25.22% | |
| US Dollar | 18.18% | |
| Euro | 7.82% | |
| Cash | 4.19% | |
| Rupiah | 0.67% | |
| Other Currencies | 3.89% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 25.73% | - | |
| North America | 21.11% | - | |
United States
|
- | 19.16% | |
Canada
|
- | 1.95% | |
Bermuda
|
- | 0.00% | |
| Developed Europe - Excl UK | 17.09% | - | |
France
|
- | 4.63% | |
Netherlands
|
- | 2.81% | |
Germany
|
- | 2.71% | |
Luxembourg
|
- | 2.02% | |
Spain
|
- | 0.93% | |
Switzerland
|
- | 0.74% | |
Italy
|
- | 0.61% | |
Sweden
|
- | 0.59% | |
Denmark
|
- | 0.47% | |
Finland
|
- | 0.40% | |
Ireland
|
- | 0.39% | |
Norway
|
- | 0.36% | |
Belgium
|
- | 0.31% | |
Austria
|
- | 0.09% | |
Portugal
|
- | 0.02% | |
Liechtenstein
|
- | 0.01% | |
Iceland
|
- | 0.00% | |
| UK | 14.62% | - | |
United Kingdom
|
- | 14.63% | |
| Emerging Asia | 7.93% | - | |
India
|
- | 1.37% | |
South Korea
|
- | 1.09% | |
Taiwan
|
- | 1.06% | |
China
|
- | 0.99% | |
Indonesia
|
- | 0.94% | |
Philippines
|
- | 0.87% | |
Malaysia
|
- | 0.79% | |
Thailand
|
- | 0.51% | |
Uzbekistan
|
- | 0.07% | |
Tajikistan
|
- | 0.04% | |
Pakistan
|
- | 0.04% | |
Kazakhstan
|
- | 0.04% | |
Viet Nam
|
- | 0.03% | |
Georgia
|
- | 0.03% | |
Sri Lanka
|
- | 0.02% | |
Azerbaijan
|
- | 0.02% | |
Papua New Guinea
|
- | 0.02% | |
Mongolia
|
- | 0.00% | |
Armenia
|
- | 0.00% | |
Bangladesh
|
- | 0.00% | |
| Cash and Equivalents | 4.40% | - | |
| Middle East & Africa | 1.74% | - | |
South Africa
|
- | 0.64% | |
United Arab Emirates
|
- | 0.23% | |
Saudi Arabia
|
- | 0.20% | |
Qatar
|
- | 0.11% | |
Cote D'Ivoire
|
- | 0.11% | |
Nigeria
|
- | 0.06% | |
Egypt
|
- | 0.05% | |
Iraq
|
- | 0.05% | |
Benin
|
- | 0.05% | |
Oman
|
- | 0.03% | |
Israel
|
- | 0.03% | |
Angola
|
- | 0.03% | |
Cameroon
|
- | 0.02% | |
Rwanda
|
- | 0.02% | |
Senegal
|
- | 0.02% | |
Ghana
|
- | 0.01% | |
Kuwait
|
- | 0.01% | |
Tunisia
|
- | 0.01% | |
Kenya
|
- | 0.01% | |
Morocco
|
- | 0.01% | |
Mozambique
|
- | 0.01% | |
Jordan
|
- | 0.01% | |
Gabon
|
- | 0.01% | |
Lebanon
|
- | 0.00% | |
| Japan | 1.60% | - | |
Japan
|
- | 1.60% | |
| South & Central America | 1.54% | - | |
Mexico
|
- | 0.49% | |
Peru
|
- | 0.16% | |
Brazil
|
- | 0.16% | |
Colombia
|
- | 0.15% | |
Argentina
|
- | 0.10% | |
Chile
|
- | 0.10% | |
Venezuela
|
- | 0.07% | |
Paraguay
|
- | 0.07% | |
Dominican Republic
|
- | 0.07% | |
Uruguay
|
- | 0.06% | |
Guatemala
|
- | 0.02% | |
Jamaica
|
- | 0.01% | |
Barbados
|
- | 0.01% | |
Suriname
|
- | 0.01% | |
Trinidad and Tobago
|
- | 0.01% | |
Honduras
|
- | 0.01% | |
Ecuador
|
- | 0.01% | |
El Salvador
|
- | 0.01% | |
Virgin Islands (British)
|
- | 0.01% | |
Costa Rica
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Developed Asia | 1.33% | - | |
Hong Kong
|
- | 0.72% | |
Singapore
|
- | 0.61% | |
| Australia & New Zealand | 1.28% | - | |
Australia
|
- | 1.22% | |
New Zealand
|
- | 0.05% | |
New Caledonia
|
- | 0.01% | |
| Property | 0.99% | - | |
| Emerging Europe | 0.64% | - | |
Turkey
|
- | 0.15% | |
Poland
|
- | 0.14% | |
Romania
|
- | 0.10% | |
Hungary
|
- | 0.09% | |
Ukraine
|
- | 0.07% | |
Greece
|
- | 0.04% | |
Czech Republic
|
- | 0.03% | |
Serbia
|
- | 0.02% | |
Bosnia and Herzegowina
|
- | 0.01% | |
Bulgaria
|
- | 0.00% | |
Albania
|
- | 0.00% | |
Montenegro
|
- | 0.00% | |
Slovenia
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
9.33% |
| Large |
|
3.95% |
| Medium |
|
2.06% |
| Small |
|
0.38% |
| Micro |
|
0.08% |
| Non-Classified |
|
23.99% |
| Bonds |
|
55.81% |
| Cash |
|
4.40% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
26.85% |
| 5Yr - 10Yr Maturity |
|
13.92% |
| 10Yr - 15Yr Maturity |
|
4.76% |
| > 15Yr Maturity |
|
10.27% |
| Cash And Equivalents |
|
4.40% |
| Unknown Maturity |
|
9.43% |
| Other Asset Types |
|
30.36% |
Fixed Interest Quality Profile
| AAA |
|
7.07% |
| AA |
|
4.93% |
| A |
|
14.97% |
| BBB |
|
16.74% |
| Sub-Investment Grade |
|
1.08% |
| Unknown Quality |
|
11.02% |
| Cash and Equivalents |
|
4.40% |
| Other Asset Types |
|
39.79% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BlackRock iShares Corporate Bond Index Class X | 26.50% | Managed Funds | Managed Funds |
| 2 | BlackRock (Dublin) iShares US Corporate Bond Index Fund | 14.05% | Managed Funds | Managed Funds |
| 3 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 12.66% | Managed Funds | Managed Funds |
| 4 | BlackRock (Dublin) iShares ESG Screened Euro Corporate Bond Index Class Flexible Hedged | 7.77% | Managed Funds | Managed Funds |
| 5 | BlackRock iShares UK Equity Index Class X | 4.73% | Managed Funds | Managed Funds |
| 6 | M&G (Lux) Asian Local Currency Bond Class ZI | 3.61% | Managed Funds | Managed Funds |
| 7 | BlackRock iShares Pacific ex Japan Equity Index Class X | 2.56% | Managed Funds | Managed Funds |
| 8 | BlackRock iShares US Equity Index Class X | 2.19% | Managed Funds | Managed Funds |
| 9 | M&G Emerging Markets Bond Class PP GBP | 1.82% | Managed Funds | Managed Funds |
| 10 | Legal & General European Index Trust C | 1.76% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.54% | Technology Hardware & Equipment | Taiwan |
| 2 | ASTRAZENECA | 0.31% | Pharmaceuticals & Biotechnology | United Kingdom |
| 3 | SHELL | 0.30% | Non-Renewable Energy | United Kingdom |
| 4 | L&G FREEHOLD PROPERTY | 0.30% | Property | Direct Property and REITs |
| 5 | HSBC HOLDINGS | 0.28% | Banks | United Kingdom |
| 6 | UNILEVER | 0.22% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 7 | MIZUHO BANK LTD (LONDON BRANCH) 0% 06/11/2024 | 0.20% | Non-Classified | Non-Classified |
| 8 | CHESHAM FIN LTD / CHESHAM FIN LLC 0% 07/11/2024 | 0.20% | Non-Classified | Non-Classified |
| 9 | CHESHAM FIN LTD / CHESHAM FIN LLC 0% 18/11/2024 | 0.20% | Non-Classified | Non-Classified |
| 10 | KFW 0% 03/01/2025 | 0.20% | Non-Classified | Non-Classified |
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 | B0MSS30 |
| Mex Code | SBMDEF |
| Isin Code | IE00B0MSS304 |
| Citi Code | TJ73 |
Fund Charges
| Annual Management Charge (AMC) | 1.18% |
| Further Costs | 0.06% |
| Yearly Total | 1.24% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Passive 1 Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 9%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 9%. Capital invested is at risk. The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (e.g. funds which track an index). The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure to lower risk assets such as fixed income assets and cash. |
| Benchmark | IA Mixed Investment 0-35% shares |
| ABI Sector | Mixed Investment 0-35% Shares |
Ratings
| FE Crown |  |
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.
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 product charges, or 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 the fund's currency of denomination 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 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.
The registered office of Prudential International is in Ireland at Fitzwilliam Court, Leeson Cl, Dublin 2, D02 TC95. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.