WS Prudential Risk Managed Passive 5 Class P Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 5.3% | 9.9% | -4.7% | 3.6% | 14.3% |
| Benchmark | 6.1% | 12.6% | -6.7% | 1.8% | 14.8% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 4.1% | 5.5% | n/a | |
| Benchmark | 2.9% | 5.4% | 5.9% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 1.62 |
| ASTRAZENECA | 1.12 |
| SHELL | 1.10 |
| iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 0.94 |
| HSBC HOLDINGS | 0.90 |
| L&G FREEHOLD PROPERTY | 0.81 |
| UNILEVER | 0.79 |
| APPLE | 0.51 |
| BRITISH AMERICAN TOBACCO | 0.49 |
| MICROSOFT CORPORATION | 0.46 |
| Total | 8.74 |
Fund Aims
The Sub-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 17%. 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 17%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.
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
| Mid (20/12/2024) | 183.80p |
| Historic yield | 2.05% |
| Fund size (30/11/2024) | £149.17m |
| Number of holdings | 11379 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.32% |
| Launch date | 09/09/2015 |
Asset Allocation
| International Equities | 40.24% | |
| UK Equities | 15.61% | |
| International Bonds | 11.96% | |
| Alternative Trading Strategies | 8.29% | |
| Property | 3.64% | |
| UK Corporate Bonds | 3.55% | |
| Cash and Equivalents | 2.95% | |
| Investment Trusts | 0.83% | |
| Money Market | 0.10% | |
| Other Assets | 12.84% |
Commentary
November 2024 Investment Summary
A positive month for the Passive range with returns ranging from +0.83% for Passive 1 to +1.54% for Passive 5.
P Acc share class with data sourced from FE analytics as at 29 November 2024.
November 2024 was a better month for portfolios generally.
Most major equity markets saw gains in November, with global stocks rising back to all-time highs. Chinese stocks pared back last month’s gains. The Nasdaq and S&P 500 rose from last month, with the S&P 500 increasing 5.4% and Nasdaq 7.5%. Financials and Consumer Discretionary led the sector specific performance, while healthcare continued to lag. The FTSE 100 made smaller gains of 1.7%, with markets recouping losses from the fallout of October’s UK budget announcement. The Stoxx Europe 600 Index was flat this month with Information Technology and Communication services the top two sectors registering a positive return over the month.
Donald Trump was announced as the new US President at the start of November, with a Republican party sweep secured. Government bond prices were higher as the ten-year Treasury yield lowered to 4.18% from 4.28% over the month, hovering at seven week lows, investor concerns are that Trump’s policy proposals could increase inflation. Federal Reserve chair Jay Powell stating it will wait and see how Trump’s plans unfold before it makes policy adjustments. “The decisions we’re making right now are not about that” “they’re about what’s happening in the economy now”. It remains prepared to respond, if labour market data weakens unexpectedly, with markets pricing a further 0.25% cut at the next meeting in December at 87%.
US labour market government data this month showed payrolls increased by 227,000 in November, higher than forecasts. It marks a strong recovery from Octobers weak “hurricane affected” jobs report - the weakest since December 2020, and highlights the current labour markets resilience. US retail sales measuring the quantity of goods bought, rose slightly more than expected, while consumer confidence rose for the fifth month running to a seven-month high, as household expectations for business conditions and personal finances improved after the US Election. Unemployment data increased to 4.2%, from October’s four month low of 4.1%.
Tensions in the Middle East and the prospect of further escalation in the region have subsided somewhat. A US-brokered ceasefire has taken effect in Lebanon raising hopes of an end to the year- long conflict between Israel and Hizbollah. The agreement calls for an initial 60-day ceasefire and the withdrawal of the Lebanese militant group and Israeli troops from southern Lebanon. The conflicts impact still remains limited on the global economy as Brent Crude prices remain range-bound rising to $74/barrel from $73/barrel in November.
Central banks cutting cycles have been rapidly reassessed in recent weeks, following stronger data, fiscal/policy uncertainty and some stickier inflation. A robust US economy, with the potential for increased spending and tax cuts, should be good for risk assets, but regional differentiation could be larger than usual, with decoupled economic cycles and the potential for trade wars. Heightened geo-political tensions remain a significant near-term risk.
**WS Prudential Risk Managed Passive - Tactical asset allocation activity
We currently have an equity overweight of +1.35%, made up of a diversified basket across the US, UK, Asia and GEM. 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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 Equities | 40.24% | |
| UK Equities | 15.61% | |
| International Bonds | 11.96% | |
| Alternative Trading Strategies | 8.29% | |
| Property | 3.64% | |
| UK Corporate Bonds | 3.55% | |
| Cash and Equivalents | 2.95% | |
| Investment Trusts | 0.83% | |
| Money Market | 0.10% | |
| Other Assets | 12.84% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 15.51% | - | - | - | |
| Non-Classified | 14.03% | - | - | - | |
| Non-Classified | - | 7.66% | - | - | |
| Non-Classified | - | - | 7.66% | - | |
| Non-Classified | - | - | - | 7.66% | |
| Financials | 11.49% | - | - | - | |
| Banks | - | 6.24% | - | - | |
| Banks | - | - | 6.24% | - | |
| Banks | - | - | - | 6.24% | |
| Financial Services | - | 3.31% | - | - | |
| Investment Banking & Brokerage Services | - | - | 1.84% | - | |
| Asset Managers & Custodians | - | - | - | 0.79% | |
| Investment Services | - | - | - | 0.64% | |
| Diversified Financial Services | - | - | - | 0.42% | |
| Equity Investment Instruments | - | - | 0.84% | - | |
| Equity Investment Instruments | - | - | - | 0.84% | |
| Finance & Credit Services | - | - | 0.63% | - | |
| Financial Data & Systems | - | - | - | 0.45% | |
| Consumer Lending | - | - | - | 0.16% | |
| Mortgage Finance | - | - | - | 0.03% | |
| Mortgage Real Estate Investment Trusts | - | - | 0.00% | - | |
| Mortgage REITs: Residential | - | - | - | 0.00% | |
| Insurance | - | 1.94% | - | - | |
| Life Insurance | - | - | 1.03% | - | |
| Life Insurance | - | - | - | 1.03% | |
| Non-life Insurance | - | - | 0.91% | - | |
| Property & Casualty Insurance | - | - | - | 0.43% | |
| Full Line Insurance | - | - | - | 0.31% | |
| Reinsurance | - | - | - | 0.10% | |
| Insurance Brokers | - | - | - | 0.06% | |
| Technology | 8.51% | - | - | - | |
| Technology | - | 8.51% | - | - | |
| Technology Hardware & Equipment | - | - | 4.87% | - | |
| Semiconductors | - | - | - | 2.99% | |
| Computer Hardware | - | - | - | 0.83% | |
| Production Technology Equipment | - | - | - | 0.54% | |
| Electronic Components | - | - | - | 0.45% | |
| Electronic Office Equipment | - | - | - | 0.06% | |
| Software & Computer Services | - | - | 3.64% | - | |
| Consumer Digital Services | - | - | - | 1.86% | |
| Software | - | - | - | 1.19% | |
| Computer Services | - | - | - | 0.59% | |
| Alternative Trading Strategies | 8.29% | - | - | - | |
| Alternative Trading Strategies | - | 8.29% | - | - | |
| Alternative Trading Strategies | - | - | 8.29% | - | |
| Alternative Trading Strategies | - | - | - | 8.29% | |
| Industrials | 7.70% | - | - | - | |
| Industrial Goods & Services | - | 6.93% | - | - | |
| Industrial Transportation | - | - | 1.77% | - | |
| Railroads | - | - | - | 0.77% | |
| Transportation Services | - | - | - | 0.36% | |
| Marine Transportation | - | - | - | 0.20% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.19% | |
| Delivery Services | - | - | - | 0.12% | |
| Commercial Vehicles & Parts | - | - | - | 0.07% | |
| Railroad Equipment | - | - | - | 0.03% | |
| Trucking | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 1.30% | - | |
| Professional Business Support Services | - | - | - | 0.57% | |
| Transaction Processing Services | - | - | - | 0.29% | |
| Industrial Suppliers | - | - | - | 0.25% | |
| Business Training & Employment Agencies | - | - | - | 0.14% | |
| Security Services | - | - | - | 0.04% | |
| Forms & Bulk Printing Services | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 1.10% | - | |
| Aerospace | - | - | - | 0.67% | |
| Defense | - | - | - | 0.44% | |
| General Industrials | - | - | 0.99% | - | |
| Diversified Industrials | - | - | - | 0.72% | |
| Containers & Packaging | - | - | - | 0.17% | |
| Plastics | - | - | - | 0.05% | |
| Paints & Coatings | - | - | - | 0.04% | |
| Glass | - | - | - | 0.02% | |
| Electronic & Electrical Equipment | - | - | 0.99% | - | |
| Electrical Components | - | - | - | 0.58% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.21% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.14% | |
| Electronic Equipment: Other | - | - | - | 0.04% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.03% | |
| Industrial Engineering | - | - | 0.78% | - | |
| Machinery: Industrial | - | - | - | 0.36% | |
| Machinery: Construction & Handling | - | - | - | 0.20% | |
| Machinery: Tools | - | - | - | 0.07% | |
| Machinery: Engines | - | - | - | 0.07% | |
| Machinery: Specialty | - | - | - | 0.05% | |
| Machinery: Agricultural | - | - | - | 0.03% | |
| Construction & Materials | - | 0.77% | - | - | |
| Construction & Materials | - | - | 0.77% | - | |
| Building Materials: Other | - | - | - | 0.21% | |
| Cement | - | - | - | 0.17% | |
| Construction | - | - | - | 0.17% | |
| Building: Climate Control | - | - | - | 0.11% | |
| Engineering & Contracting Services | - | - | - | 0.08% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.03% | |
| Consumer Discretionary | 6.62% | - | - | - | |
| Consumer Products & Services | - | 1.83% | - | - | |
| Personal Goods | - | - | 0.66% | - | |
| Clothing & Accessories | - | - | - | 0.32% | |
| Luxury Items | - | - | - | 0.16% | |
| Footwear | - | - | - | 0.09% | |
| Cosmetics | - | - | - | 0.09% | |
| Leisure Goods | - | - | 0.42% | - | |
| Electronic Entertainment | - | - | - | 0.15% | |
| Consumer Electronics | - | - | - | 0.13% | |
| Recreational Vehicles & Boats | - | - | - | 0.05% | |
| Toys | - | - | - | 0.05% | |
| Photography | - | - | - | 0.02% | |
| Recreational Products | - | - | - | 0.02% | |
| Consumer Services | - | - | 0.38% | - | |
| Vending & Catering Service | - | - | - | 0.30% | |
| Consumer Services: Misc. | - | - | - | 0.06% | |
| Education Services | - | - | - | 0.01% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.01% | |
| Household Goods & Home Construction | - | - | 0.38% | - | |
| Home Construction | - | - | - | 0.26% | |
| Household Appliance | - | - | - | 0.07% | |
| Household Equipment & Products | - | - | - | 0.04% | |
| Household Furnishings | - | - | - | 0.02% | |
| Retail | - | 1.72% | - | - | |
| Retailers | - | - | 1.72% | - | |
| Diversified Retailers | - | - | - | 1.09% | |
| Apparel Retailers | - | - | - | 0.26% | |
| Specialty Retailers | - | - | - | 0.19% | |
| Home Improvement Retailers | - | - | - | 0.18% | |
| Automobiles & Parts | - | 1.15% | - | - | |
| Automobiles & Parts | - | - | 1.15% | - | |
| Automobiles | - | - | - | 0.83% | |
| Auto Parts | - | - | - | 0.26% | |
| Tires | - | - | - | 0.05% | |
| Auto Services | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.99% | - | - | |
| Travel & Leisure | - | - | 0.99% | - | |
| Hotels & Motels | - | - | - | 0.24% | |
| Airlines | - | - | - | 0.21% | |
| Casinos & Gambling | - | - | - | 0.20% | |
| Restaurants & Bars | - | - | - | 0.19% | |
| Travel & Tourism | - | - | - | 0.11% | |
| Recreational Services | - | - | - | 0.03% | |
| Media | - | 0.91% | - | - | |
| Media | - | - | 0.91% | - | |
| Publishing | - | - | - | 0.54% | |
| Media Agencies | - | - | - | 0.20% | |
| Entertainment | - | - | - | 0.11% | |
| Radio & TV Broadcasters | - | - | - | 0.06% | |
| Health Care | 4.78% | - | - | - | |
| Health Care | - | 4.78% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.70% | - | |
| Pharmaceuticals | - | - | - | 3.42% | |
| Biotechnology | - | - | - | 0.28% | |
| Medical Equipment & Services | - | - | 0.75% | - | |
| Medical Equipment | - | - | - | 0.48% | |
| Medical Supplies | - | - | - | 0.23% | |
| Medical Services | - | - | - | 0.03% | |
| Health Care Providers | - | - | 0.33% | - | |
| Health Care Facilities | - | - | - | 0.14% | |
| Health Care Management Services | - | - | - | 0.14% | |
| Health Care Services | - | - | - | 0.05% | |
| Consumer Staples | 4.40% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.44% | - | - | |
| Beverages | - | - | 0.98% | - | |
| Distillers & Vintners | - | - | - | 0.53% | |
| Soft Drinks | - | - | - | 0.26% | |
| Brewers | - | - | - | 0.20% | |
| Food Producers | - | - | 0.75% | - | |
| Food Products | - | - | - | 0.65% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.05% | |
| Fruit & Grain Processing | - | - | - | 0.03% | |
| Sugar | - | - | - | 0.01% | |
| Tobacco | - | - | 0.71% | - | |
| Tobacco | - | - | - | 0.71% | |
| Personal Care, Drug & Grocery Stores | - | 1.96% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.96% | - | |
| Personal Products | - | - | - | 1.00% | |
| Food Retailers & Wholesalers | - | - | - | 0.65% | |
| Nondurable Household Products | - | - | - | 0.24% | |
| Drug Retailers | - | - | - | 0.07% | |
| Energy | 3.42% | - | - | - | |
| Energy | - | 3.42% | - | - | |
| Non-Renewable Energy | - | - | 3.32% | - | |
| Integrated Oil & Gas | - | - | - | 2.00% | |
| Pipelines | - | - | - | 0.58% | |
| Oil: Crude Producers | - | - | - | 0.27% | |
| Oil Refining and Marketing | - | - | - | 0.26% | |
| Coal | - | - | - | 0.11% | |
| Oil Equipment & Services | - | - | - | 0.08% | |
| Offshore Drilling & Other Services | - | - | - | 0.01% | |
| Renewable Energy | - | - | 0.10% | - | |
| Renewable Energy Equipment | - | - | - | 0.10% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Basic Materials | 3.20% | - | - | - | |
| Basic Resources | - | 2.46% | - | - | |
| Industrial Metals & Mining | - | - | 1.92% | - | |
| General Mining | - | - | - | 1.50% | |
| Iron & Steel | - | - | - | 0.23% | |
| Copper | - | - | - | 0.07% | |
| Aluminum | - | - | - | 0.06% | |
| Metal Fabricating | - | - | - | 0.04% | |
| Nonferrous Metals | - | - | - | 0.02% | |
| Precious Metals & Mining | - | - | 0.45% | - | |
| Gold Mining | - | - | - | 0.37% | |
| Platinum & Precious Metals | - | - | - | 0.07% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.09% | - | |
| Paper | - | - | - | 0.06% | |
| Diversified Materials | - | - | - | 0.03% | |
| Forestry | - | - | - | 0.01% | |
| Textile Products | - | - | - | 0.00% | |
| Chemicals | - | 0.74% | - | - | |
| Chemicals | - | - | 0.74% | - | |
| Chemicals: Diversified | - | - | - | 0.45% | |
| Specialty Chemicals | - | - | - | 0.22% | |
| Fertilizers | - | - | - | 0.04% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.03% | |
| Utilities | 3.17% | - | - | - | |
| Utilities | - | 3.17% | - | - | |
| Electricity | - | - | 1.87% | - | |
| Conventional Electricity | - | - | - | 1.77% | |
| Alternative Electricity | - | - | - | 0.11% | |
| Gas, Water & Multi-utilities | - | - | 1.24% | - | |
| Multi-Utilities | - | - | - | 0.84% | |
| Water | - | - | - | 0.21% | |
| Gas Distribution | - | - | - | 0.19% | |
| Waste & Disposal Services | - | - | 0.05% | - | |
| Waste & Disposal Services | - | - | - | 0.05% | |
| Cash and Equivalents | 3.05% | - | - | - | |
| Real Estate | 2.73% | - | - | - | |
| Real Estate | - | 2.73% | - | - | |
| Real Estate Investment Trusts | - | - | 2.10% | - | |
| Diversified REITs | - | - | - | 0.50% | |
| Industrial REITs | - | - | - | 0.37% | |
| Retail REITs | - | - | - | 0.23% | |
| Infrastructure REITs | - | - | - | 0.22% | |
| Residential REITs | - | - | - | 0.19% | |
| Office REITs | - | - | - | 0.17% | |
| Other Specialty REITs | - | - | - | 0.15% | |
| Health Care REITs | - | - | - | 0.12% | |
| Storage REITs | - | - | - | 0.10% | |
| Hotel & Lodging REITs | - | - | - | 0.02% | |
| Timber REITs | - | - | - | 0.02% | |
| Real Estate Investment & Services | - | - | 0.64% | - | |
| Real Estate Holding and Development | - | - | - | 0.49% | |
| Real Estate Services | - | - | - | 0.14% | |
| Telecommunications | 1.90% | - | - | - | |
| Telecommunications | - | 1.90% | - | - | |
| Telecommunications Service Providers | - | - | 1.22% | - | |
| Telecommunications Services | - | - | - | 1.10% | |
| Cable Television Services | - | - | - | 0.12% | |
| Telecommunications Equipment | - | - | 0.69% | - | |
| Telecommunications Equipment | - | - | - | 0.69% | |
| Property | 1.20% | - | - | - | |
| Property | - | 1.20% | - | - | |
| Property | - | - | 1.20% | - | |
| Property | - | - | - | 1.20% | |
| Commodities | 0.00% | - | - | - | |
| Commodities | - | 0.00% | - | - | |
| Commodities | - | - | 0.00% | - | |
| Commodities | - | - | - | 0.00% | |
Regional Allocation
| UK | 19.13% | |
| Non-Classified | 23.53% | |
| North America | 14.84% | |
| Emerging Asia | 12.30% | |
| Developed Europe - Excl UK | 10.80% | |
| Japan | 4.41% | |
| Property | 3.60% | |
| Cash and Equivalents | 3.05% | |
| Australia & New Zealand | 2.55% | |
| Other Regions | 5.79% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 81.96% | |
| Pound Sterling | 9.47% | |
| US Dollar | 3.06% | |
| Cash | 2.53% | |
| Euro | 0.69% | |
| Malaysian Ringgit | 0.31% | |
| Other Currencies | 1.97% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 19.13% | - | |
United Kingdom
|
- | 19.16% | |
| Non-Classified | 23.53% | - | |
| North America | 14.84% | - | |
United States
|
- | 12.99% | |
Canada
|
- | 1.84% | |
| Emerging Asia | 12.30% | - | |
Taiwan
|
- | 3.29% | |
India
|
- | 2.69% | |
China
|
- | 2.47% | |
South Korea
|
- | 1.73% | |
Malaysia
|
- | 0.65% | |
Thailand
|
- | 0.53% | |
Indonesia
|
- | 0.41% | |
Philippines
|
- | 0.33% | |
Uzbekistan
|
- | 0.04% | |
Viet Nam
|
- | 0.03% | |
Kazakhstan
|
- | 0.02% | |
Azerbaijan
|
- | 0.02% | |
Tajikistan
|
- | 0.02% | |
Georgia
|
- | 0.02% | |
Sri Lanka
|
- | 0.01% | |
Pakistan
|
- | 0.01% | |
Papua New Guinea
|
- | 0.01% | |
Armenia
|
- | 0.01% | |
Mongolia
|
- | 0.00% | |
Macau
|
- | 0.00% | |
| Developed Europe - Excl UK | 10.80% | - | |
France
|
- | 2.27% | |
Germany
|
- | 1.66% | |
Netherlands
|
- | 1.61% | |
Switzerland
|
- | 1.41% | |
Luxembourg
|
- | 0.74% | |
Spain
|
- | 0.57% | |
Sweden
|
- | 0.56% | |
Denmark
|
- | 0.50% | |
Italy
|
- | 0.43% | |
Ireland
|
- | 0.37% | |
Belgium
|
- | 0.23% | |
Finland
|
- | 0.22% | |
Norway
|
- | 0.16% | |
Austria
|
- | 0.04% | |
Portugal
|
- | 0.02% | |
Iceland
|
- | 0.00% | |
| Japan | 4.41% | - | |
Japan
|
- | 4.41% | |
| Property | 3.60% | - | |
| Cash and Equivalents | 3.05% | - | |
| Australia & New Zealand | 2.55% | - | |
Australia
|
- | 2.40% | |
New Zealand
|
- | 0.13% | |
New Caledonia
|
- | 0.02% | |
| Middle East & Africa | 2.48% | - | |
South Africa
|
- | 1.89% | |
Saudi Arabia
|
- | 0.12% | |
United Arab Emirates
|
- | 0.09% | |
Qatar
|
- | 0.05% | |
Israel
|
- | 0.04% | |
Cote D'Ivoire
|
- | 0.04% | |
Egypt
|
- | 0.03% | |
Morocco
|
- | 0.03% | |
Kuwait
|
- | 0.03% | |
Nigeria
|
- | 0.02% | |
Oman
|
- | 0.02% | |
Gabon
|
- | 0.02% | |
Kenya
|
- | 0.02% | |
Benin
|
- | 0.02% | |
Senegal
|
- | 0.02% | |
Jordan
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Mozambique
|
- | 0.01% | |
Rwanda
|
- | 0.01% | |
Angola
|
- | 0.01% | |
Ethiopia
|
- | 0.00% | |
Ghana
|
- | 0.00% | |
| Developed Asia | 1.80% | - | |
Hong Kong
|
- | 1.14% | |
Singapore
|
- | 0.66% | |
| South & Central America | 1.03% | - | |
Mexico
|
- | 0.28% | |
Brazil
|
- | 0.25% | |
Colombia
|
- | 0.11% | |
Peru
|
- | 0.06% | |
Dominican Republic
|
- | 0.05% | |
Argentina
|
- | 0.05% | |
Venezuela
|
- | 0.04% | |
Uruguay
|
- | 0.04% | |
Paraguay
|
- | 0.03% | |
Chile
|
- | 0.02% | |
Trinidad and Tobago
|
- | 0.02% | |
Guatemala
|
- | 0.02% | |
Jamaica
|
- | 0.02% | |
Barbados
|
- | 0.01% | |
Suriname
|
- | 0.01% | |
Ecuador
|
- | 0.01% | |
Honduras
|
- | 0.01% | |
Costa Rica
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Emerging Europe | 0.48% | - | |
Turkey
|
- | 0.14% | |
Poland
|
- | 0.10% | |
Romania
|
- | 0.08% | |
Hungary
|
- | 0.06% | |
Greece
|
- | 0.05% | |
Serbia
|
- | 0.02% | |
Ukraine
|
- | 0.02% | |
Czech Republic
|
- | 0.01% | |
Bosnia and Herzegowina
|
- | 0.01% | |
Albania
|
- | 0.00% | |
Montenegro
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
31.01% |
| Large |
|
12.90% |
| Medium |
|
6.89% |
| Small |
|
1.32% |
| Micro |
|
0.19% |
| Non-Classified |
|
29.13% |
| Bonds |
|
15.51% |
| Cash |
|
3.05% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
7.51% |
| 5Yr - 10Yr Maturity |
|
3.68% |
| 10Yr - 15Yr Maturity |
|
1.53% |
| > 15Yr Maturity |
|
2.78% |
| Cash And Equivalents |
|
3.05% |
| Unknown Maturity |
|
6.31% |
| Other Asset Types |
|
75.14% |
Fixed Interest Quality Profile
| AAA |
|
2.23% |
| AA |
|
1.08% |
| A |
|
2.57% |
| BBB |
|
3.35% |
| Sub-Investment Grade |
|
1.54% |
| Unknown Quality |
|
4.74% |
| Cash and Equivalents |
|
3.05% |
| Other Asset Types |
|
81.45% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BlackRock iShares UK Equity Index Class X | 16.29% | Managed Funds | Managed Funds |
| 2 | BlackRock iShares Corporate Bond Index Class X | 9.49% | Managed Funds | Managed Funds |
| 3 | BlackRock iShares Pacific ex Japan Equity Index Class X | 8.62% | Managed Funds | Managed Funds |
| 4 | BlackRock iShares US Equity Index Class X | 7.27% | Managed Funds | Managed Funds |
| 5 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 7.24% | Managed Funds | Managed Funds |
| 6 | Legal & General European Index Trust C | 5.97% | Managed Funds | Managed Funds |
| 7 | BlackRock (Dublin) iShares US Corporate Bond Index Fund | 5.08% | Managed Funds | Managed Funds |
| 8 | BlackRock iShares Japan Equity Index Class X | 3.89% | Managed Funds | Managed Funds |
| 9 | Legal & General Global Infrastructure Index Class C | 3.02% | Managed Funds | Managed Funds |
| 10 | BlackRock iShares Emerging Markets Equity Index Class X | 2.75% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 1.62% | Technology Hardware & Equipment | Taiwan |
| 2 | ASTRAZENECA | 1.12% | Pharmaceuticals & Biotechnology | United Kingdom |
| 3 | SHELL | 1.10% | Non-Renewable Energy | United Kingdom |
| 4 | iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 0.94% | Non-Classified | Direct Property and REITs |
| 5 | HSBC HOLDINGS | 0.90% | Banks | United Kingdom |
| 6 | L&G FREEHOLD PROPERTY | 0.81% | Property | Direct Property and REITs |
| 7 | UNILEVER | 0.79% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 8 | APPLE | 0.51% | Technology Hardware & Equipment | United States |
| 9 | BRITISH AMERICAN TOBACCO | 0.49% | Tobacco | United Kingdom |
| 10 | MICROSOFT CORPORATION | 0.46% | Software & Computer Services | United States |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 | BVYV072 |
| Mex Code | - |
| Isin Code | GB00BVYV0721 |
| Citi Code | MEMD |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.32% |
Aims and Benchmark
| Aims | The Sub-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 17%. 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 17%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target. |
| Benchmark | IA Flexible Investment |
| Benchmark Category | Comparator |
| IA Sector | Volatility Managed |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 November | 31 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | Waystone |
| Fund Registrar | Waystone |
| Fund Custodian | The Bank of New York Mellon (International) Limited |
Group Details
| Group name | Waystone Management (UK) Limited |
| Group address | PO Box 389, DARLINGTON, DL1 9UF |
| Group telephone | 0345 9220044 |
| Dealing telephone | 0344 3358936 |
| wtas-investorservices@waystone.com | |
| Homepage | www.waystone.com |
| Fax number | 0113 2246001 |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £25000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.