Prudential BNY Mellon Multi-Asset Balanced Pre A

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

Performance

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Top 10 Holdings

Stock % Weight
MICROSOFT CORPORATION 4.48
RELX 2.63
SHELL 2.28
2% Treasury Gilt 2025 2.27
2¾% Treasury Gilt 2024 2.25
USA Treasury Bonds 2.875% 15/05/43 USD100 1.96
ASTRAZENECA 1.92
4¼% Treasury Gilt 2039 1.89
SONY CORP 1.87
3½% Treasury Gilt 2045 1.86
Total 23.41

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the BNY Mellon Multi-Asset Balanced Fund - the underlying Fund.

Underlying Fund Objective: The fund aims to achieve a balance between income and capital growth over the long term (5 years or more). The fund is actively managed and invests at least 75% of the portfolio in UK and international securities across a range of global asset classes including, without limitation, equities (company shares), fixed income securities (bonds), infrastructure, renewable energy, property, commodities and near cash.

Fund Manager

Paul Flood manager of the underlying fund for 1 years and 8 months

Photo of Paul Flood Paul is a portfolio manager and strategist at Newton. He is a portfolio manager on the Newton Global Income strategy and is also lead manager of the Newton Multi-Asset Income strategy and the Newton Multi-Asset Diversified Return strategy. He also provides leadership and analysis on asset allocation, derivatives and convertible bonds for the wider firm, having spent the earlier part of his career working on strategic asset allocation and derivative strategy. Paul is responsible for generating ideas within alternative assets and has been leading in this area since 2008. He is a member of the asset class strategy group and provides feedback to the wider house on strategic and tactical asset allocation. Paul joined Newton in 2004. He is a CFA1 charterholder and has completed the certificate in quantitative finance (CQF) after passing with distinction. Paul studied Astrophysics at the University of St Andrews and is a keen cyclist and runner, having recently cycled the length of the UK from Land’s End to John O’Groats and often participates in marathons.

Bhavin Shah manager of the underlying fund for 6 years and 2 months

Photo of Bhavin Shah Bhavin joined Newton in June 2011 as a portfolio manager within the multi-asset team. Prior to joining Newton, he worked at SG Hambros for 7 years where he was responsible for managing client portfolios focused on absolute return & multi-asset strategies. Bhavin is co-lead manager on a numerous multi asset accounts at Newton. In addition to portfolio management responsibilities, Bhavin is also a member of the Investment Risk Oversight Group and is a co-lead of our Net Effects thematic group, which focuses on digitalisation trends. Bhavin holds an MSc in Mathematics with distinction and is a CFA1 charterholder.

Simon Nichols manager of the underlying fund for 6 years and 2 months

Photo of Simon Nichols Simon is a portfolio manager on the equity opportunities team responsible for managing both global equity and multi-asset portfolios. Simon joined Newton in 2001 and was responsible for research into a number of global industrial sectors before moving to portfolio management. Simon’s experience includes managing global, multi-asset, charity and UK equity portfolios. Simon Is a chartered accountant (ACA) and prior to joining Newton he worked in both audit and insolvency practices at leading accountancy firms. He is a CFA1 charterholder, a member of the Chartered Institute for Securities and Investment (MCSI) and also holds a BA (Hons) degree in Industrial Economics from The University of Nottingham. Outside of work, Simon is a keen runner and is an active member of his son’s local junior sports teams.

Fund Overview

Bid (17/09/2021) 334.90
Offer (17/09/2021) 352.50
Fund size (31/08/2021) £7.44m
Underlying Fund size £3155.58m
Number of holdings 81
Launch date 17/03/2005

Fund Charges

Annual Management Charge (AMC) 1.125%
Further Costs 0.000%
Yearly Total 1.125%

Asset Allocation

pie chart
  International Equities 49.75%
  UK Equities 22.83%
  UK Gilts 13.36%
  Cash and Equivalents 8.19%
  International Bonds 5.87%
Portfolio data accurate as at: 31/01/24

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 GBP with gross 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 49.75%
  UK Equities 22.83%
  UK Gilts 13.36%
  Cash and Equivalents 8.19%
  International Bonds 5.87%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 19.23% - - -
 
Technology 14.62% - - -
 
Technology - 14.62% - -
 
Software & Computer Services - - 9.22% -
 
Software - - - 7.43%
 
Consumer Digital Services - - - 1.79%
 
Technology Hardware & Equipment - - 5.40% -
 
Semiconductors - - - 2.34%
 
Production Technology Equipment - - - 1.23%
 
Computer Hardware - - - 1.14%
 
Electronic Components - - - 0.69%
 
Health Care 12.38% - - -
 
Health Care - 12.38% - -
 
Pharmaceuticals & Biotechnology - - 7.61% -
 
Pharmaceuticals - - - 5.85%
 
Biotechnology - - - 1.76%
 
Medical Equipment & Services - - 4.77% -
 
Medical Equipment - - - 3.59%
 
Medical Supplies - - - 1.17%
 
Industrials 12.13% - - -
 
Industrial Goods & Services - 10.73% - -
 
Industrial Support Services - - 5.22% -
 
Professional Business Support Services - - - 3.30%
 
Transaction Processing Services - - - 1.40%
 
Industrial Suppliers - - - 0.53%
 
Aerospace & Defence - - 1.65% -
 
Defense - - - 1.65%
 
Electronic & Electrical Equipment - - 1.28% -
 
Electrical Components - - - 1.28%
 
Industrial Engineering - - 1.13% -
 
Machinery: Industrial - - - 1.13%
 
General Industrials - - 0.94% -
 
Containers & Packaging - - - 0.94%
 
Industrial Transportation - - 0.50% -
 
Commercial Vehicle-Equipment Leasing - - - 0.50%
 
Construction & Materials - 1.40% - -
 
Construction & Materials - - 1.40% -
 
Building: Climate Control - - - 1.40%
 
Consumer Discretionary 9.33% - - -
 
Media - 6.44% - -
 
Media - - 6.44% -
 
Publishing - - - 4.38%
 
Radio & TV Broadcasters - - - 1.18%
 
Media Agencies - - - 0.89%
 
Consumer Products & Services - 1.87% - -
 
Leisure Goods - - 1.87% -
 
Consumer Electronics - - - 1.87%
 
Automobiles & Parts - 1.03% - -
 
Automobiles & Parts - - 1.03% -
 
Automobiles - - - 1.03%
 
Financials 9.27% - - -
 
Insurance - 4.40% - -
 
Non-life Insurance - - 2.32% -
 
Property & Casualty Insurance - - - 1.17%
 
Full Line Insurance - - - 1.14%
 
Life Insurance - - 2.08% -
 
Life Insurance - - - 2.08%
 
Financial Services - 2.49% - -
 
Investment Banking & Brokerage Services - - 2.08% -
 
Investment Services - - - 2.08%
 
Finance & Credit Services - - 0.41% -
 
Financial Data & Systems - - - 0.41%
 
Banks - 2.38% - -
 
Banks - - 2.38% -
 
Banks - - - 2.38%
 
Cash and Equivalents 8.19% - - -
 
Consumer Staples 4.55% - - -
 
Personal Care, Drug & Grocery Stores - 2.84% - -
 
Personal Care, Drug & Grocery Stores - - 2.84% -
 
Nondurable Household Products - - - 1.54%
 
Personal Products - - - 1.30%
 
Food, Beverage & Tobacco - 1.71% - -
 
Beverages - - 1.71% -
 
Distillers & Vintners - - - 1.71%
 
Basic Materials 3.83% - - -
 
Chemicals - 2.26% - -
 
Chemicals - - 2.26% -
 
Chemicals: Diversified - - - 2.26%
 
Basic Resources - 1.57% - -
 
Industrial Metals & Mining - - 1.57% -
 
General Mining - - - 1.57%
 
Utilities 3.25% - - -
 
Utilities - 3.25% - -
 
Electricity - - 1.89% -
 
Conventional Electricity - - - 1.89%
 
Gas, Water & Multi-utilities - - 1.36% -
 
Multi-Utilities - - - 1.36%
 
Energy 2.28% - - -
 
Energy - 2.28% - -
 
Non-Renewable Energy - - 2.28% -
 
Integrated Oil & Gas - - - 2.28%
 
Telecommunications 0.96% - - -
 
Telecommunications - 0.96% - -
 
Telecommunications Equipment - - 0.96% -
 
Telecommunications Equipment - - - 0.96%

Regional Allocation

pie chart
  UK 36.19%
  North America 24.99%
  Developed Europe - Excl UK 20.62%
  Cash and Equivalents 8.19%
  Japan 3.58%
  Emerging Asia 3.30%
  Australia & New Zealand 2.08%
  Developed Asia 1.05%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 72.58%
  Pound Sterling 13.36%
  Cash 8.19%
  US Dollar 4.52%
  Australian Dollar 1.34%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 36.19% -
 
United Kingdom - 36.19%
 
North America 24.99% -
 
United States - 24.99%
 
Developed Europe - Excl UK 20.62% -
 
Ireland - 6.63%
 
Switzerland - 5.39%
 
France - 3.20%
 
Netherlands - 2.93%
 
Germany - 1.84%
 
Denmark - 0.63%
 
Cash and Equivalents 8.19% -
 
Japan 3.58% -
 
Japan - 3.58%
 
Emerging Asia 3.30% -
 
South Korea - 1.47%
 
Taiwan - 1.05%
 
India - 0.78%
 
Australia & New Zealand 2.08% -
 
Australia - 2.08%
 
Developed Asia 1.05% -
 
Hong Kong - 1.05%

Breakdown By Market Cap (%)

Mega
 
 
47.94%
Large
 
 
8.45%
Medium
 
 
0.77%
Non-Classified
 
 
15.42%
Bonds
 
 
19.23%
Cash
 
 
8.19%

Top 10 Holdings

Stock % Weight Sector Country
1 MICROSOFT CORPORATION 4.48% Software & Computer Services United States
2 RELX 2.63% Media United Kingdom
3 SHELL 2.28% Non-Renewable Energy United Kingdom
4 2% Treasury Gilt 2025 2.27% Bonds United Kingdom
5 2¾% Treasury Gilt 2024 2.25% Bonds United Kingdom
6 USA Treasury Bonds 2.875% 15/05/43 USD100 1.96% Bonds United States
7 ASTRAZENECA 1.92% Pharmaceuticals & Biotechnology United Kingdom
8 4¼% Treasury Gilt 2039 1.89% Bonds United Kingdom
9 SONY CORP 1.87% Leisure Goods Japan
10 3½% Treasury Gilt 2045 1.86% Bonds United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 14.62% - - - - - - 14.62%
Telecommunications - 0.96% - - - - - - 0.96%
Financials 3.04% 6.23% - - - - - - 9.27%
Consumer Discretionary 3.51% 5.82% - - - - - - 9.33%
Consumer Staples 4.55% - - - - - - - 4.55%
Energy 2.28% - - - - - - - 2.28%
Utilities 2.50% 0.75% - - - - - - 3.25%
Health Care 2.74% 9.65% - - - - - - 12.38%
Industrials 3.39% 8.74% - - - - - - 12.13%
Basic Materials 0.83% 2.99% - - - - - - 3.83%
Cash and Equivalents - - - - - - - 8.19% 8.19%
Bonds - - - 5.87% 13.36% - - - 19.23%

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 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 B03XY36
Mex Code PUSSUE
Isin Code GB00B03XY368
Citi Code XD47

Fund Charges

Annual Management Charge (AMC) 1.125%
Further Costs 0.000%
Yearly Total 1.125%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the BNY Mellon Multi-Asset Balanced Fund - the underlying Fund. Underlying Fund Objective: The fund aims to achieve a balance between income and capital growth over the long term (5 years or more). The fund is actively managed and invests at least 75% of the portfolio in UK and international securities across a range of global asset classes including, without limitation, equities (company shares), fixed income securities (bonds), infrastructure, renewable energy, property, commodities and near cash.
Benchmark IA Mixed Investment 40-85% Shares
Sector ABI Mixed Investment 40-85% 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 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.

Risk Analysis

Ratio Value
Alpha 2.51
Beta 1.03
Sharpe 0.57
Standard Deviation 10.92
Info Ratio 0.95

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies Yes
High Yield Bonds Yes
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure Yes
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities Yes
New Fund No
Solvency of Depository No
Solvency of Bond Issuers Yes
Ethical Restrictions No
Liquidity Yes
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

Smaller Companies

The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

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.

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.

Derivative Exposure

The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.

Umbrella Liabilities

If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.

Solvency of Bond Issuers

If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.

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

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 risk factor definitions are provided by Broadridge. 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. 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

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 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.