PIA Deferred Distribution EUR Ser B

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month 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 -7.5% 14.4% -6.0% 5.7% 7.7%
Sector -0.7% 15.0% -7.2% 0.3% 9.8%
Rank 225/243 151/259 95/271 4/274 223/287
Quartile 4 3 2 1 4

Annualised performance

Annualised
3 Years to
30/06/24
5 Years to
30/06/24
10 Years to
30/06/24
Fund 2.3% 2.5% 2.7%
Sector 0.7% 3.1% 2.9%
Rank 60/271 132/243 85/171
Quartile 1 3 2

Top 10 Holdings

Stock % Weight
NOVO NORDISK A/S 1.84
TOTAL SE 1.59
ROCHE HLDG AG 1.54
SIEMENS AKTIENGESELLSCHAFT 1.54
GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 1.41
SAP SE 1.30
BNP PARIBAS LONDON BRANCH 1.26
PORTLAND RIDING ESTATE 80 92 1.10
SANOFI 1.07
UBS GROUP AG 1.05
Total 13.71

Fund Aims

Objective: The fund aims to deliver capital growth together with reinvested income over the longer term.

Fund Investments: The fund primarily invests in European equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro.

Fund Manager

M&G Treasury & Investment Office manager for 18 years and 8 months

Photo of M&G Treasury & Investment Office 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 (26/07/2024) 1.58
Offer (26/07/2024) 1.66
Fund size (30/06/2024) €0.60m
Number of holdings 1015
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.36%
Yearly Total 1.66%

Asset Allocation

pie chart
  International Equities 44.10%
  International Bonds 36.71%
  Property 11.19%
  UK Corporate Bonds 1.81%
  Cash and Equivalents 1.59%
  Alternative Trading Strategies 1.55%
  Money Market 0.94%
  UK Equities 0.26%
  Other Assets 1.85%

Commentary

Not currently available.

Portfolio data accurate as at: 30/06/24

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 44.10%
  International Bonds 36.71%
  Property 11.19%
  UK Corporate Bonds 1.81%
  Cash and Equivalents 1.59%
  Alternative Trading Strategies 1.55%
  Money Market 0.94%
  UK Equities 0.26%
  Other Assets 1.85%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 38.52% - - -
 
Property 10.36% - - -
 
Property - 10.36% - -
 
Property - - 10.36% -
 
Property - - - 10.36%
 
Financials 9.15% - - -
 
Banks - 5.43% - -
 
Banks - - 5.43% -
 
Banks - - - 5.43%
 
Insurance - 2.38% - -
 
Non-life Insurance - - 2.07% -
 
Full Line Insurance - - - 1.29%
 
Reinsurance - - - 0.78%
 
Property & Casualty Insurance - - - 0.00%
 
Life Insurance - - 0.31% -
 
Life Insurance - - - 0.31%
 
Financial Services - 1.35% - -
 
Investment Banking & Brokerage Services - - 1.35% -
 
Asset Managers & Custodians - - - 1.08%
 
Diversified Financial Services - - - 0.27%
 
Industrials 7.70% - - -
 
Industrial Goods & Services - 5.86% - -
 
General Industrials - - 1.59% -
 
Diversified Industrials - - - 1.57%
 
Containers & Packaging - - - 0.01%
 
Glass - - - 0.00%
 
Industrial Transportation - - 1.39% -
 
Commercial Vehicles & Parts - - - 0.56%
 
Railroads - - - 0.42%
 
Marine Transportation - - - 0.20%
 
Transportation Services - - - 0.20%
 
Delivery Services - - - 0.01%
 
Industrial Support Services - - 0.86% -
 
Security Services - - - 0.60%
 
Industrial Suppliers - - - 0.19%
 
Transaction Processing Services - - - 0.05%
 
Business Training & Employment Agencies - - - 0.01%
 
Professional Business Support Services - - - 0.01%
 
Electronic & Electrical Equipment - - 0.77% -
 
Electrical Components - - - 0.77%
 
Aerospace & Defence - - 0.74% -
 
Defense - - - 0.67%
 
Aerospace - - - 0.07%
 
Industrial Engineering - - 0.51% -
 
Machinery: Construction & Handling - - - 0.26%
 
Machinery: Tools - - - 0.14%
 
Machinery: Engines - - - 0.11%
 
Construction & Materials - 1.84% - -
 
Construction & Materials - - 1.84% -
 
Building Materials: Other - - - 0.86%
 
Cement - - - 0.65%
 
Construction - - - 0.26%
 
Building, Roofing/Wallboard & Plumbing - - - 0.05%
 
Building: Climate Control - - - 0.01%
 
Health Care 7.65% - - -
 
Health Care - 7.65% - -
 
Pharmaceuticals & Biotechnology - - 7.12% -
 
Pharmaceuticals - - - 6.99%
 
Biotechnology - - - 0.14%
 
Medical Equipment & Services - - 0.53% -
 
Medical Equipment - - - 0.39%
 
Medical Supplies - - - 0.14%
 
Consumer Discretionary 5.30% - - -
 
Retail - 1.70% - -
 
Retailers - - 1.70% -
 
Apparel Retailers - - - 0.90%
 
Specialty Retailers - - - 0.80%
 
Automobiles & Parts - 1.37% - -
 
Automobiles & Parts - - 1.37% -
 
Automobiles - - - 0.99%
 
Tires - - - 0.37%
 
Auto Parts - - - 0.01%
 
Consumer Products & Services - 0.99% - -
 
Personal Goods - - 0.98% -
 
Clothing & Accessories - - - 0.48%
 
Cosmetics - - - 0.24%
 
Luxury Items - - - 0.17%
 
Footwear - - - 0.10%
 
Household Goods & Home Construction - - 0.01% -
 
Household Appliance - - - 0.01%
 
Media - 0.89% - -
 
Media - - 0.89% -
 
Radio & TV Broadcasters - - - 0.66%
 
Publishing - - - 0.13%
 
Media Agencies - - - 0.09%
 
Travel & Leisure - 0.35% - -
 
Travel & Leisure - - 0.35% -
 
Airlines - - - 0.30%
 
Restaurants & Bars - - - 0.04%
 
Consumer Staples 2.95% - - -
 
Personal Care, Drug & Grocery Stores - 1.74% - -
 
Personal Care, Drug & Grocery Stores - - 1.74% -
 
Food Retailers & Wholesalers - - - 1.74%
 
Food, Beverage & Tobacco - 1.21% - -
 
Food Producers - - 1.03% -
 
Food Products - - - 1.03%
 
Beverages - - 0.18% -
 
Brewers - - - 0.15%
 
Distillers & Vintners - - - 0.04%
 
Energy 2.82% - - -
 
Energy - 2.82% - -
 
Non-Renewable Energy - - 2.74% -
 
Integrated Oil & Gas - - - 2.10%
 
Oil Equipment & Services - - - 0.61%
 
Oil Refining and Marketing - - - 0.03%
 
Renewable Energy - - 0.08% -
 
Renewable Energy Equipment - - - 0.08%
 
Basic Materials 2.72% - - -
 
Basic Resources - 1.80% - -
 
Industrial Metals & Mining - - 1.16% -
 
Iron & Steel - - - 1.09%
 
Aluminum - - - 0.05%
 
General Mining - - - 0.02%
 
Industrial Materials - - 0.64% -
 
Paper - - - 0.64%
 
Precious Metals & Mining - - 0.00% -
 
Gold Mining - - - 0.00%
 
Chemicals - 0.91% - -
 
Chemicals - - 0.91% -
 
Chemicals: Diversified - - - 0.54%
 
Specialty Chemicals - - - 0.19%
 
Fertilizers - - - 0.18%
 
Chemicals & Synthetic Fibers - - - 0.00%
 
Technology 2.58% - - -
 
Technology - 2.58% - -
 
Software & Computer Services - - 1.47% -
 
Software - - - 1.32%
 
Computer Services - - - 0.10%
 
Consumer Digital Services - - - 0.04%
 
Technology Hardware & Equipment - - 1.12% -
 
Production Technology Equipment - - - 0.71%
 
Semiconductors - - - 0.36%
 
Computer Hardware - - - 0.05%
 
Cash and Equivalents 2.53% - - -
 
Non-Classified 1.85% - - -
 
Non-Classified - 0.57% - -
 
Non-Classified - - 0.57% -
 
Non-Classified - - - 0.57%
 
Utilities 1.57% - - -
 
Utilities - 1.57% - -
 
Gas, Water & Multi-utilities - - 1.09% -
 
Multi-Utilities - - - 1.09%
 
Electricity - - 0.48% -
 
Conventional Electricity - - - 0.43%
 
Alternative Electricity - - - 0.04%
 
Alternative Trading Strategies 1.55% - - -
 
Alternative Trading Strategies - 1.55% - -
 
Alternative Trading Strategies - - 1.55% -
 
Alternative Trading Strategies - - - 1.55%
 
Real Estate 1.50% - - -
 
Real Estate - 1.50% - -
 
Real Estate Investment Trusts - - 1.10% -
 
Residential REITs - - - 0.29%
 
Industrial REITs - - - 0.27%
 
Retail REITs - - - 0.17%
 
Office REITs - - - 0.17%
 
Other Specialty REITs - - - 0.11%
 
Diversified REITs - - - 0.09%
 
Real Estate Investment & Services - - 0.39% -
 
Real Estate Holding and Development - - - 0.39%
 
Telecommunications 1.25% - - -
 
Telecommunications - 1.25% - -
 
Telecommunications Service Providers - - 0.71% -
 
Telecommunications Services - - - 0.71%
 
Telecommunications Equipment - - 0.54% -
 
Telecommunications Equipment - - - 0.54%

Regional Allocation

pie chart
  Developed Europe - Excl UK 70.64%
  Property 11.19%
  Non-Classified 7.04%
  North America 5.20%
  Cash and Equivalents 2.53%
  UK 2.07%
  Australia & New Zealand 0.77%
  Emerging Europe 0.30%
  Japan 0.26%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 59.89%
  Euro 37.70%
  Cash 1.59%
  US Dollar 0.65%
  Pound Sterling 0.11%
  Singapore Dollar 0.03%
  Swiss Franc 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 70.64% -
 
France - 17.00%
 
Germany - 15.57%
 
Netherlands - 7.42%
 
Switzerland - 5.98%
 
Spain - 3.99%
 
Italy - 3.40%
 
Denmark - 2.71%
 
Belgium - 2.66%
 
Sweden - 2.64%
 
Luxembourg - 2.44%
 
Finland - 1.89%
 
Ireland - 1.64%
 
Norway - 1.32%
 
Austria - 1.13%
 
Iceland - 0.58%
 
Portugal - 0.28%
 
Property 11.19% -
 
Non-Classified 7.04% -
 
North America 5.20% -
 
United States - 4.79%
 
Canada - 0.42%
 
Cash and Equivalents 2.53% -
 
UK 2.07% -
 
United Kingdom - 2.07%
 
Australia & New Zealand 0.77% -
 
Australia - 0.56%
 
New Zealand - 0.21%
 
Emerging Europe 0.30% -
 
Turkey - 0.16%
 
Greece - 0.05%
 
Poland - 0.05%
 
Hungary - 0.02%
 
Czech Republic - 0.01%
 
Japan 0.26% -
 
Japan - 0.26%

Breakdown By Market Cap (%)

Mega
 
 
26.13%
Large
 
 
10.95%
Medium
 
 
3.98%
Small
 
 
0.82%
Micro
 
 
0.26%
Non-Classified
 
 
16.81%
Bonds
 
 
38.52%
Cash
 
 
2.53%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
14.46%
5Yr - 10Yr Maturity
 
 
19.90%
10Yr - 15Yr Maturity
 
 
1.71%
> 15Yr Maturity
 
 
2.45%
Cash And Equivalents
 
 
2.53%
Unknown Maturity
 
 
1.28%
Other Asset Types
 
 
57.67%

Fixed Interest Quality Profile

AAA
 
 
4.21%
AA
 
 
3.82%
A
 
 
9.47%
BBB
 
 
11.18%
Sub-Investment Grade
 
 
0.68%
Unknown Quality
 
 
9.17%
Cash and Equivalents
 
 
2.53%
Other Asset Types
 
 
58.95%

Fund Holdings

Name % Weight Sector Country
1 M&G European Credit Investment Class A EUR 39.45% Managed Funds Managed Funds
2 M&G (LUX) FCP Europe ex UK Equity Fund Z3A Acc 31.93% Managed Funds Managed Funds
3 M&G Feeder of Property Portfolio Class A GBP 14.07% Managed Funds Managed Funds
4 M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z3A Acc 13.85% Managed Funds Managed Funds
5 PIA Euro Deposit EUR Ser B 0.01% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 NOVO NORDISK A/S 1.84% Pharmaceuticals & Biotechnology Denmark
2 TOTAL SE 1.59% Non-Renewable Energy France
3 ROCHE HLDG AG 1.54% Pharmaceuticals & Biotechnology Switzerland
4 SIEMENS AKTIENGESELLSCHAFT 1.54% General Industrials Germany
5 GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 1.41% Bonds Germany
6 SAP SE 1.30% Software & Computer Services Germany
7 BNP PARIBAS LONDON BRANCH 1.26% Property Direct Property and REITs
8 PORTLAND RIDING ESTATE 80 92 1.10% Property Direct Property and REITs
9 SANOFI 1.07% Pharmaceuticals & Biotechnology France
10 UBS GROUP AG 1.05% Investment Banking & Brokerage Services Switzerland

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 B0MSSB8
Mex Code SBDFDT
Isin Code IE00B0MSSB80
Citi Code TJ80

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.36%
Yearly Total 1.66%

Aims and Benchmark

Aims Objective: The fund aims to deliver capital growth together with reinvested income over the longer term. Fund Investments: The fund primarily invests in European equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro.
Benchmark Variable
Sector OI Mixed Investment 20-60% Shares

Ratings

FE Crown Crown Rating of 4

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.