Prudential FRIA M&G European Sustain Paris Aligned
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 | 1.4% | 11.4% | 0.1% | 14.1% | 9.8% |
| Sector | 8.0% | 15.2% | -6.9% | 9.0% | 5.8% |
| Rank | 238/265 | 239/268 | 44/270 | 20/271 | 27/272 |
| Quartile | 4 | 4 | 1 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 7.8% | 7.2% | 7.7% | |
| Sector | 2.4% | 6.0% | 7.1% | |
| Rank | 12/270 | 71/265 | 94/255 | |
| Quartile | 1 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NOVO NORDISK A/S | 6.50 |
| SAP SE | 5.95 |
| SCHNEIDER ELECTRIC SE | 5.36 |
| CTS EVENTIM AG & CO. KGAA | 5.25 |
| SCOUT24 SE | 4.86 |
| AIB GROUP | 4.78 |
| HANNOVER RUCK SE | 4.68 |
| LEGRAND | 4.24 |
| SIEMENS AKTIENGESELLSCHAFT | 3.50 |
| DSV AS | 3.50 |
| Total | 48.62 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G European Sustain Paris Aligned Fund - the underlying fund.
Underlying Fund Objective: The fund has two aims: - To provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than that of the MSCI Europe ex UK Index over any five-year period; and - To invest in companies that contribute towards the Paris Agreement climate change goal.
At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sector and market capitalisation that are incorporated, domiciled, or listed in Europe, excluding the UK. The fund has a concentrated portfolio and usually holds fewer than 35 companies. The fund invests in securities that meet the ESG Criteria and Sustainability Criteria. The following types of exclusions apply to the fund's direct investments:
- Norms-based exclusions: investments that are assessed to be in breach of commonly accepted standards of behaviour related to human rights, labour rights, environment and anti-corruption.
- Sector-based and/or values-based exclusions: investments and/or sectors exposed to business activities that are assessed to be damaging to human health, societal wellbeing, the environment, or otherwise assessed to be misaligned with the Fund's sector-based and/or values-based criteria.
- Other exclusions: investments assessed to be otherwise in conflict with the ESG Criteria and Sustainability Criteria.
Fund Manager
John William Olsen, a Danish national, joined M&G in April 2014, and was appointed fund manager of the M&G Global Growth Fund and M&G Pan European Fund in July 2014. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking and Global Select equity funds, and also the European Select strategy. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.
Fund Overview
| Bid (23/12/2024) | 439.30 |
| Offer | n/a |
| Fund size (31/10/2024) | £20.01m |
| Underlying Fund size | £811.75m |
| Number of holdings | 31 |
| Launch date | 02/09/2002 |
Fund Charges
| Annual Management Charge (AMC) | 1.00% |
| Further Costs | 0.01% |
| Yearly Total | 1.01% |
Asset Allocation
| International Equities | 92.69% | |
| UK Equities | 4.42% | |
| Cash and Equivalents | 0.34% | |
| Other Assets | 2.55% |
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 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 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 Equities | 92.69% | |
| UK Equities | 4.42% | |
| Cash and Equivalents | 0.34% | |
| Other Assets | 2.55% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 26.96% | - | - | - | |
| Industrial Goods & Services | - | 26.96% | - | - | |
| Electronic & Electrical Equipment | - | - | 9.60% | - | |
| Electrical Components | - | - | - | 9.60% | |
| Industrial Engineering | - | - | 5.85% | - | |
| Machinery: Industrial | - | - | - | 2.96% | |
| Machinery: Construction & Handling | - | - | - | 2.89% | |
| Industrial Transportation | - | - | 5.70% | - | |
| Transportation Services | - | - | - | 3.50% | |
| Marine Transportation | - | - | - | 2.20% | |
| General Industrials | - | - | 3.50% | - | |
| Diversified Industrials | - | - | - | 3.50% | |
| Industrial Support Services | - | - | 2.31% | - | |
| Security Services | - | - | - | 2.31% | |
| Financials | 16.30% | - | - | - | |
| Banks | - | 11.62% | - | - | |
| Banks | - | - | 11.62% | - | |
| Banks | - | - | - | 11.62% | |
| Insurance | - | 4.68% | - | - | |
| Non-life Insurance | - | - | 4.68% | - | |
| Reinsurance | - | - | - | 4.68% | |
| Technology | 14.24% | - | - | - | |
| Technology | - | 14.24% | - | - | |
| Software & Computer Services | - | - | 14.24% | - | |
| Software | - | - | - | 5.95% | |
| Consumer Digital Services | - | - | - | 4.86% | |
| Computer Services | - | - | - | 3.44% | |
| Consumer Discretionary | 12.92% | - | - | - | |
| Media | - | 7.98% | - | - | |
| Media | - | - | 7.98% | - | |
| Entertainment | - | - | - | 5.25% | |
| Radio & TV Broadcasters | - | - | - | 2.73% | |
| Consumer Products & Services | - | 2.81% | - | - | |
| Personal Goods | - | - | 2.81% | - | |
| Luxury Items | - | - | - | 2.81% | |
| Retail | - | 2.13% | - | - | |
| Retailers | - | - | 2.13% | - | |
| Specialty Retailers | - | - | - | 2.13% | |
| Health Care | 11.39% | - | - | - | |
| Health Care | - | 11.39% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 9.68% | - | |
| Pharmaceuticals | - | - | - | 9.68% | |
| Health Care Providers | - | - | 1.71% | - | |
| Health Care Services | - | - | - | 1.71% | |
| Consumer Staples | 6.42% | - | - | - | |
| Food, Beverage & Tobacco | - | 5.56% | - | - | |
| Food Producers | - | - | 3.15% | - | |
| Food Products | - | - | - | 3.15% | |
| Beverages | - | - | 2.41% | - | |
| Distillers & Vintners | - | - | - | 2.41% | |
| Personal Care, Drug & Grocery Stores | - | 0.86% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.86% | - | |
| Nondurable Household Products | - | - | - | 0.86% | |
| Basic Materials | 4.73% | - | - | - | |
| Chemicals | - | 4.73% | - | - | |
| Chemicals | - | - | 4.73% | - | |
| Specialty Chemicals | - | - | - | 2.87% | |
| Chemicals: Diversified | - | - | - | 1.87% | |
| Utilities | 2.96% | - | - | - | |
| Utilities | - | 2.96% | - | - | |
| Electricity | - | - | 2.96% | - | |
| Alternative Electricity | - | - | - | 2.96% | |
| Non-Classified | 2.55% | - | - | - | |
| Non-Classified | - | 2.55% | - | - | |
| Non-Classified | - | - | 2.55% | - | |
| Non-Classified | - | - | - | 2.55% | |
| Energy | 1.19% | - | - | - | |
| Energy | - | 1.19% | - | - | |
| Renewable Energy | - | - | 1.19% | - | |
| Renewable Energy Equipment | - | - | - | 1.19% | |
| Cash and Equivalents | 0.34% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 92.69% | |
| UK | 4.42% | |
| Non-Classified | 2.55% | |
| Cash and Equivalents | 0.34% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 94.92% | |
| Euro | 2.61% | |
| Cash | 2.47% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 92.69% | - | |
Germany
|
- | 25.96% | |
Denmark
|
- | 22.44% | |
France
|
- | 12.86% | |
Netherlands
|
- | 8.29% | |
Ireland
|
- | 6.65% | |
Switzerland
|
- | 5.35% | |
Spain
|
- | 3.44% | |
Austria
|
- | 2.96% | |
Finland
|
- | 2.89% | |
Italy
|
- | 1.86% | |
| UK | 4.42% | - | |
United Kingdom
|
- | 4.42% | |
| Non-Classified | 2.55% | - | |
| Cash and Equivalents | 0.34% | - | |
Breakdown By Market Cap (%)
| Mega |
|
27.53% |
| Large |
|
18.88% |
| Medium |
|
5.95% |
| Non-Classified |
|
47.30% |
| Cash |
|
0.34% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NOVO NORDISK A/S | 6.50% | Pharmaceuticals & Biotechnology | Denmark |
| 2 | SAP SE | 5.95% | Software & Computer Services | Germany |
| 3 | SCHNEIDER ELECTRIC SE | 5.36% | Electronic & Electrical Equipment | France |
| 4 | CTS EVENTIM AG & CO. KGAA | 5.25% | Media | Germany |
| 5 | SCOUT24 SE | 4.86% | Software & Computer Services | Germany |
| 6 | AIB GROUP | 4.78% | Banks | Ireland |
| 7 | HANNOVER RUCK SE | 4.68% | Non-life Insurance | Germany |
| 8 | LEGRAND | 4.24% | Electronic & Electrical Equipment | France |
| 9 | SIEMENS AKTIENGESELLSCHAFT | 3.50% | General Industrials | Germany |
| 10 | DSV AS | 3.50% | Industrial Transportation | Denmark |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 14.24% | - | - | - | - | - | - | 14.24% |
| Financials | 2.29% | 14.01% | - | - | - | - | - | - | 16.30% |
| Consumer Discretionary | 2.13% | 10.79% | - | - | - | - | - | - | 12.92% |
| Consumer Staples | - | 6.42% | - | - | - | - | - | - | 6.42% |
| Energy | - | 1.19% | - | - | - | - | - | - | 1.19% |
| Utilities | - | 2.96% | - | - | - | - | - | - | 2.96% |
| Health Care | - | 11.39% | - | - | - | - | - | - | 11.39% |
| Industrials | - | 26.96% | - | - | - | - | - | - | 26.96% |
| Basic Materials | - | 4.73% | - | - | - | - | - | - | 4.73% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.34% | 0.34% |
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 | 3193855 |
| Mex Code | PREPS |
| Isin Code | GB0031938557 |
| Citi Code | MW27 |
Fund Charges
| Annual Management Charge (AMC) | 1.00% |
| Further Costs | 0.01% |
| Yearly Total | 1.01% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G European Sustain Paris Aligned Fund - the underlying fund. Underlying Fund Objective: The fund has two aims: - To provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than that of the MSCI Europe ex UK Index over any five-year period; and - To invest in companies that contribute towards the Paris Agreement climate change goal. At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sector and market capitalisation that are incorporated, domiciled, or listed in Europe, excluding the UK. The fund has a concentrated portfolio and usually holds fewer than 35 companies. The fund invests in securities that meet the ESG Criteria and Sustainability Criteria. The following types of exclusions apply to the fund's direct investments: - Norms-based exclusions: investments that are assessed to be in breach of commonly accepted standards of behaviour related to human rights, labour rights, environment and anti-corruption. - Sector-based and/or values-based exclusions: investments and/or sectors exposed to business activities that are assessed to be damaging to human health, societal wellbeing, the environment, or otherwise assessed to be misaligned with the Fund's sector-based and/or values-based criteria. - Other exclusions: investments assessed to be otherwise in conflict with the ESG Criteria and Sustainability Criteria. |
| Benchmark | MSCI Europe ex UK Index |
| ABI Sector | Europe excluding UK Equities |
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 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 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.
"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.