PIA M&G Property Ser B
Performance
Discrete Performance - to last month end
| 30/04/12 to 30/04/13 | 30/04/11 to 30/04/12 | 30/04/10 to 30/04/11 | 30/04/09 to 30/04/10 | 30/04/08 to 30/04/09 | |
|---|---|---|---|---|---|
| Fund | -0.94% | 0.51% | -1.44% | 18.59% | -28.42% |
| Sector | - | - | - | - | - |
| Rank | - | - | - | - | - |
| Quartile | - | - | - | - | - |
Annualised Performance
| 3Y | 5Y | 10Y | |
|---|---|---|---|
| Fund | -0.63% | -3.59% | - |
| Sector | - | - | - |
| Rank | - | - | - |
| Quartile | - | - | - |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| CORKTREE RETAIL PARK HALL LANE Retail Warehouse - Bulky Goods | 12.32 |
| SPRINGFIELD RETAIL PARK Retail Warehouse - Bulky Goods | 6.00 |
| DYSART ROAD RETAIL PARK Retail Warehouse - Open A1 | 5.34 |
| PLOT 3320 MAGNA PARK LARGE DISTRIBUTION WAREHOUSE/PARK | 4.21 |
| FUSION POINT IN TOWN OFFICE - SINGLE | 3.98 |
| ST NICHOLAS HOTEL HOTEL | 3.70 |
| 48/50 HIGH STREET AND 3-6 THE SHAMBLES SINGLE SHOP UNITS | 3.66 |
| THE LEARMONTH HOTEL HOTEL | 3.04 |
| 1/10 TRINITY PARADE 5-9 SHOP UNITS (PARADES/TERRACES) | 2.92 |
| EXEL UNIT DALE AVENUE LARGE DISTRIBUTION WAREHOUSE/PARK | 2.92 |
| Total | 48.08 |
Fund Aims
The fund aims to maximise long-term total return, through direct investment in commercial property. The fund will be diversified across different commercial property sectors (such as retail, offices and industrial). There is likely to be an emphasis on property located in the UK.
Fund Manager
Mike Riddell joined M&G’s fixed income team in 2003 as an investment specialist. In March 2010, he became fund manager of the M&G Emerging Markets Bond Fund, the M&G International Sovereign Bond Fund and the M&G Index-Linked Bond Fund. At the same time, he was appointed deputy fund manager of the M&G Global Macro Bond Fund and the M&G Gilt & Fixed Interest Income Fund. Prior to joining M&G, Mike was an assistant portfolio manager at Premier Asset Management within the private client department, covering both equities and fixed income. Mike graduated from Birmingham University in 2001 with a BSc (Hons) in money banking & finance, and is a CFA charterholder.
Fund Overview
| Bid (24/05/2013) | 0.91 |
| Offer (24/05/2013) | 0.96 |
| Fund size | £11.90m |
| Underlying Fund size | £243.43m |
| Number of holdings | 33 |
| Annual management charge | 1.60% |
| Launch date | 26/04/2004 |
Equity Sector Allocation
| FTSE/ICB Supersector | % Weight |
|---|---|
| Property | 86.43 |
| Cash and Equivalents | 13.57 |
Important Information
Source of portfolio data: FundsLibrary. Source of performance data: Financial Express Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price. Performance figures show total return with gross income reinvested in the fund’s currency of denomination. The value of your investment may go down as well as up and your fund value may be less than the payments you have made. 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 www.pru.co.uk. Every care has been taken in populating this output, however it must be appreciated that neither Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International Assurance plc is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Services Authority for UK business. The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International Assurance plc is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Services Authority for UK business.
Asset Allocation
| Property | 86.43% | |
| Cash and Equivalents | 13.57% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Property | 86.43% | - | - | - | |
| Property | - | 86.43% | - | - | |
| Property | - | - | 86.43% | - | |
| Property | - | - | - | 86.43% | |
| Cash and Equivalents | 13.57% | - | - | - | |
Regional Allocation
| Property | 86.43% | |
| Cash and Equivalents | 13.57% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Property | 86.43% | - | |
| Cash and Equivalents | 13.57% | - | |
Property Region and Sector
| South East | 41.24% | |
| Midlands | 24.27% | |
| The North | 9.94% | |
| Wales & N.Ire | 9.67% | |
| Scotland | 7.89% | |
| Others | 3.61% | |
| Other | 3.35% |
| Retail Warehouse | 28.28% | |
| Standard Retail | 27.62% | |
| Industrial | 17.93% | |
| Offices | 17.35% | |
| Shopping Centres | 1.62% | |
| Other | 7.18% |
Breakdown By Market Cap (%)
| Mega |
|
0.00% |
| Large |
|
0.00% |
| Medium |
|
0.00% |
| Small |
|
0.00% |
| Micro |
|
0.00% |
| Non-Classified |
|
86.43% |
| Bonds |
|
0.00% |
| Cash |
|
13.57% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | CORKTREE RETAIL PARK HALL LANE Retail Warehouse - Bulky Goods | 12.32% | Property | Direct Property and REITs |
| 2 | SPRINGFIELD RETAIL PARK Retail Warehouse - Bulky Goods | 6.00% | Property | Direct Property and REITs |
| 3 | DYSART ROAD RETAIL PARK Retail Warehouse - Open A1 | 5.34% | Property | Direct Property and REITs |
| 4 | PLOT 3320 MAGNA PARK LARGE DISTRIBUTION WAREHOUSE/PARK | 4.21% | Property | Direct Property and REITs |
| 5 | FUSION POINT IN TOWN OFFICE - SINGLE | 3.98% | Property | Direct Property and REITs |
| 6 | ST NICHOLAS HOTEL HOTEL | 3.70% | Property | Direct Property and REITs |
| 7 | 48/50 HIGH STREET AND 3-6 THE SHAMBLES SINGLE SHOP UNITS | 3.66% | Property | Direct Property and REITs |
| 8 | THE LEARMONTH HOTEL HOTEL | 3.04% | Property | Direct Property and REITs |
| 9 | 1/10 TRINITY PARADE 5-9 SHOP UNITS (PARADES/TERRACES) | 2.92% | Property | Direct Property and REITs |
| 10 | EXEL UNIT DALE AVENUE LARGE DISTRIBUTION WAREHOUSE/PARK | 2.92% | Property | Direct Property and REITs |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Managed Funds | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| Basic Materials | - | - | - | - | - | - | - | - | - | - |
| Consumer Goods | - | - | - | - | - | - | - | - | - | - |
| Consumer Services | - | - | - | - | - | - | - | - | - | - |
| Financials | - | - | - | - | - | - | - | - | - | - |
| Health Care | - | - | - | - | - | - | - | - | - | - |
| Industrials | - | - | - | - | - | - | - | - | - | - |
| Oil & Gas | - | - | - | - | - | - | - | - | - | - |
| Technology | - | - | - | - | - | - | - | - | - | - |
| Telecommunications | - | - | - | - | - | - | - | - | - | - |
| Utilities | - | - | - | - | - | - | - | - | - | - |
| Property | - | - | - | - | - | - | 86.43% | - | - | 86.43% |
| Cash and Equivalents | - | - | - | - | - | - | - | - | 13.57% | 13.57% |
| Managed Funds | - | - | - | - | - | - | - | - | - | - |
| Bonds | - | - | - | - | - | - | - | - | - | - |
| Non-Classified | - | - | - | - | - | - | - | - | - | - |
| Commodities | - | - | - | - | - | - | - | - | - | - |
| Alternative Trading Strategies | - | - | - | - | - | - | - | - | - | - |
Important Information
The Industry Classification Benchmark is a joint product of FTSE International Limited and Dow Jones & Company, Inc 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 www.pru.co.uk. Every care has been taken in populating this output, however it must be appreciated that neither Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges.
Identification Codes
| Sedol Code | B00L9B6 |
| Mex Code | SBMEGP |
| Isin Code | IE00B00L9B61 |
| Citi Code | FPH0 |
Charges
| Annual management charge | 1.60% |
Aims and Benchmark
| Benchmark | N/A |
| Aims | The fund aims to maximise long-term total return, through direct investment in commercial property. The fund will be diversified across different commercial property sectors (such as retail, offices and industrial). There is likely to be an emphasis on property located in the UK. |
Fund Background
| Launch date | 26/04/2004 |
Ratings
| FE Crown |  |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | - |
| Beta | - |
| Sharpe | 0.00 |
| Standard Deviation | 3.79 |
| Info Ratio | - |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Porfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | Yes |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilites | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Sector Specific - The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
Value of Investments - The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term - Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Property - The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
Exchange Rate - This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Liquidity - This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed - What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation - Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief - Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by FundsLibrary. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Every care has been taken in populating this output, however it must be appreciated that neither Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from it's usage. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges.
