Prudential Dynamic Growth I S3

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

Performance

Discrete performance - to latest available quarter end

31/12/18
to
31/12/19
31/12/19
to
31/12/20
31/12/20
to
31/12/21
31/12/21
to
31/12/22
31/12/22
to
31/12/23
Fund 12.8% 7.9% 1.0% -11.2% 8.2%
Benchmark 11.3% 6.6% 1.4% -11.4% 8.3%

Performance - to latest available quarter end

Quarter Annualised
4
2023
3 Years to
31/12/23
5 Years to
31/12/23
10 Years to
31/12/23
Fund 6.8% -1.0% 3.4% n/a
Benchmark 6.3% -0.9% 2.9% n/a

Top 10 Holdings

Stock % Weight
Eastspring US Corporate Bond Class EG (hedged) 12.14
⅜% Treasury Gilt 2026 1.09
5% Treasury Stock 2025 1.01
⅛% Treasury Gilt 2026 0.91
3¼% Treasury Gilt 2044 0.50
1½% Treasury Gilt 2047 0.45
SHELL 0.43
1¾% Treasury Gilt 2037 0.42
ASTRAZENECA 0.42
iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.42
Total 17.79

Fund Aims

The fund aims to deliver long term growth through investing in a diversified range of assets both in the UK and globally. At any time, the fund will invest a maximum of 30% of its assets in equities. Investments are managed across asset classes and across world markets with a focus on long run investment potential as forecast on a rolling 10 years basis. The fund may invest in a range of permitted assets which include equities, bonds, property and cash accessed directly or indirectly via appropriate fund vehicles. The fund may include other assets as deemed appropriate by both the manager and current regulations.

Fund Manager

M&G manager for 9 years and 1 months

Photo of M&G .

BlackRock manager for 9 years and 1 months

Photo of BlackRock .

M&G Treasury & Investment Office manager for 9 years and 1 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world and assets under management of £178bn, 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

Daily price (25/03/2024) 142.30
Fund size (29/02/2024) £27.78m
Number of holdings 10964
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 27/02/2015

Asset Allocation

pie chart
  International Bonds 35.69%
  International Equities 14.69%
  UK Corporate Bonds 11.32%
  Cash and Equivalents 11.16%
  UK Equities 5.93%
  UK Gilts 5.89%
  Property 1.90%
  Investment Trusts 0.41%
  Alternative Trading Strategies 0.20%
  Other Assets 12.81%

Commentary

Performance as at Q4 2023 - The PPDG range of funds had a good quarter both in absolute terms and versus the peer group. The range outperformed with robust single digit returns across most asset classes. During the quarter, we also implemented changes to the portfolio with the inclusion of new investments to the portfolio. These included Infrastructure, Private equity, European, Asian property, US and UK sovereign bond investments, which will help diversify the portfolio further. The robust quarterly returns were in the main helped by the increasing speculation that the Federal Reserve had ended its’ interest rate hiking cycle as inflation had seemingly peaked. Expectations for interest rate cuts led to both global government and corporate bonds performing well, in particular, UK gilts outperformed both US and German government bonds. However Chinese stock markets continued underperforming due to the underwhelming response by authorities to grapple with the economic slowdown, led by the property downturn. Tactically, performance detracted over the quarter slightly as our overweight to US equities wasn’t enough to offset the underperformance of our underweight to fixed income and overweight to China.

Source: M&G

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 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 35.69%
  International Equities 14.69%
  UK Corporate Bonds 11.32%
  Cash and Equivalents 11.16%
  UK Equities 5.93%
  UK Gilts 5.89%
  Property 1.90%
  Investment Trusts 0.41%
  Alternative Trading Strategies 0.20%
  Other Assets 12.81%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 52.90% - - -
 
Non-Classified 13.65% - - -
 
Non-Classified - 9.83% - -
 
Non-Classified - - 9.83% -
 
Non-Classified - - - 9.83%
 
Cash and Equivalents 11.18% - - -
 
Financials 4.03% - - -
 
Banks - 1.72% - -
 
Banks - - 1.72% -
 
Banks - - - 1.72%
 
Financial Services - 1.62% - -
 
Investment Banking & Brokerage Services - - 1.04% -
 
Asset Managers & Custodians - - - 0.68%
 
Investment Services - - - 0.23%
 
Diversified Financial Services - - - 0.13%
 
Equity Investment Instruments - - 0.41% -
 
Equity Investment Instruments - - - 0.41%
 
Finance & Credit Services - - 0.16% -
 
Financial Data & Systems - - - 0.13%
 
Consumer Lending - - - 0.03%
 
Mortgage Finance - - - 0.00%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Mortgage Real Estate Investment Trusts - - 0.00% -
 
Mortgage REITs: Residential - - - 0.00%
 
Insurance - 0.69% - -
 
Non-life Insurance - - 0.35% -
 
Property & Casualty Insurance - - - 0.15%
 
Full Line Insurance - - - 0.14%
 
Reinsurance - - - 0.04%
 
Insurance Brokers - - - 0.02%
 
Life Insurance - - 0.34% -
 
Life Insurance - - - 0.34%
 
Industrials 3.01% - - -
 
Industrial Goods & Services - 2.74% - -
 
Industrial Transportation - - 0.91% -
 
Railroads - - - 0.52%
 
Transportation Services - - - 0.18%
 
Commercial Vehicle-Equipment Leasing - - - 0.07%
 
Marine Transportation - - - 0.06%
 
Delivery Services - - - 0.04%
 
Commercial Vehicles & Parts - - - 0.03%
 
Trucking - - - 0.01%
 
Railroad Equipment - - - 0.00%
 
Industrial Support Services - - 0.50% -
 
Professional Business Support Services - - - 0.20%
 
Transaction Processing Services - - - 0.13%
 
Industrial Suppliers - - - 0.10%
 
Business Training & Employment Agencies - - - 0.05%
 
Security Services - - - 0.01%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 0.41% -
 
Diversified Industrials - - - 0.29%
 
Containers & Packaging - - - 0.09%
 
Paints & Coatings - - - 0.02%
 
Glass - - - 0.01%
 
Plastics - - - 0.01%
 
Aerospace & Defence - - 0.33% -
 
Aerospace - - - 0.19%
 
Defense - - - 0.15%
 
Electronic & Electrical Equipment - - 0.33% -
 
Electrical Components - - - 0.20%
 
Electronic Equipment: Gauges & Meters - - - 0.08%
 
Electronic Equipment: Control & Filter - - - 0.04%
 
Electronic Equipment: Pollution Control - - - 0.01%
 
Electronic Equipment: Other - - - 0.01%
 
Industrial Engineering - - 0.25% -
 
Machinery: Industrial - - - 0.11%
 
Machinery: Construction & Handling - - - 0.08%
 
Machinery: Tools - - - 0.03%
 
Machinery: Agricultural - - - 0.02%
 
Machinery: Engines - - - 0.01%
 
Machinery: Specialty - - - 0.01%
 
Construction & Materials - 0.27% - -
 
Construction & Materials - - 0.27% -
 
Building Materials: Other - - - 0.09%
 
Construction - - - 0.08%
 
Building: Climate Control - - - 0.03%
 
Cement - - - 0.03%
 
Engineering & Contracting Services - - - 0.03%
 
Building, Roofing/Wallboard & Plumbing - - - 0.01%
 
Consumer Discretionary 2.42% - - -
 
Consumer Products & Services - 0.70% - -
 
Personal Goods - - 0.26% -
 
Clothing & Accessories - - - 0.14%
 
Cosmetics - - - 0.05%
 
Luxury Items - - - 0.04%
 
Footwear - - - 0.03%
 
Leisure Goods - - 0.16% -
 
Consumer Electronics - - - 0.06%
 
Electronic Entertainment - - - 0.06%
 
Toys - - - 0.01%
 
Recreational Vehicles & Boats - - - 0.01%
 
Recreational Products - - - 0.01%
 
Photography - - - 0.00%
 
Consumer Services - - 0.15% -
 
Vending & Catering Service - - - 0.10%
 
Consumer Services: Misc. - - - 0.03%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.01%
 
Household Goods & Home Construction - - 0.14% -
 
Home Construction - - - 0.11%
 
Household Appliance - - - 0.02%
 
Household Equipment & Products - - - 0.01%
 
Household Furnishings - - - 0.00%
 
Retail - 0.49% - -
 
Retailers - - 0.49% -
 
Diversified Retailers - - - 0.32%
 
Home Improvement Retailers - - - 0.07%
 
Apparel Retailers - - - 0.07%
 
Specialty Retailers - - - 0.04%
 
Automobiles & Parts - 0.45% - -
 
Automobiles & Parts - - 0.45% -
 
Automobiles - - - 0.35%
 
Auto Parts - - - 0.07%
 
Tires - - - 0.03%
 
Auto Services - - - 0.00%
 
Travel & Leisure - 0.43% - -
 
Travel & Leisure - - 0.43% -
 
Casinos & Gambling - - - 0.17%
 
Hotels & Motels - - - 0.07%
 
Restaurants & Bars - - - 0.07%
 
Airlines - - - 0.06%
 
Travel & Tourism - - - 0.05%
 
Recreational Services - - - 0.02%
 
Media - 0.35% - -
 
Media - - 0.35% -
 
Publishing - - - 0.21%
 
Media Agencies - - - 0.08%
 
Entertainment - - - 0.05%
 
Radio & TV Broadcasters - - - 0.02%
 
Technology 2.22% - - -
 
Technology - 2.22% - -
 
Software & Computer Services - - 1.14% -
 
Software - - - 0.55%
 
Consumer Digital Services - - - 0.44%
 
Computer Services - - - 0.14%
 
Technology Hardware & Equipment - - 1.09% -
 
Semiconductors - - - 0.49%
 
Computer Hardware - - - 0.27%
 
Production Technology Equipment - - - 0.22%
 
Electronic Components - - - 0.09%
 
Electronic Office Equipment - - - 0.02%
 
Health Care 1.93% - - -
 
Health Care - 1.93% - -
 
Pharmaceuticals & Biotechnology - - 1.49% -
 
Pharmaceuticals - - - 1.38%
 
Biotechnology - - - 0.11%
 
Medical Equipment & Services - - 0.33% -
 
Medical Equipment - - - 0.21%
 
Medical Supplies - - - 0.11%
 
Medical Services - - - 0.02%
 
Health Care Providers - - 0.11% -
 
Health Care Management Services - - - 0.06%
 
Health Care Facilities - - - 0.02%
 
Health Care Services - - - 0.02%
 
Real Estate 1.81% - - -
 
Real Estate - 1.81% - -
 
Real Estate Investment Trusts - - 1.58% -
 
Diversified REITs - - - 0.45%
 
Industrial REITs - - - 0.30%
 
Infrastructure REITs - - - 0.17%
 
Residential REITs - - - 0.14%
 
Office REITs - - - 0.13%
 
Retail REITs - - - 0.11%
 
Storage REITs - - - 0.10%
 
Other Specialty REITs - - - 0.09%
 
Health Care REITs - - - 0.09%
 
Hotel & Lodging REITs - - - 0.01%
 
Timber REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.23% -
 
Real Estate Holding and Development - - - 0.20%
 
Real Estate Services - - - 0.03%
 
Utilities 1.72% - - -
 
Utilities - 1.72% - -
 
Electricity - - 1.04% -
 
Conventional Electricity - - - 0.99%
 
Alternative Electricity - - - 0.05%
 
Gas, Water & Multi-utilities - - 0.67% -
 
Multi-Utilities - - - 0.43%
 
Water - - - 0.12%
 
Gas Distribution - - - 0.11%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Consumer Staples 1.54% - - -
 
Food, Beverage & Tobacco - 0.85% - -
 
Beverages - - 0.35% -
 
Distillers & Vintners - - - 0.20%
 
Soft Drinks - - - 0.09%
 
Brewers - - - 0.06%
 
Food Producers - - 0.29% -
 
Food Products - - - 0.27%
 
Fruit & Grain Processing - - - 0.01%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Tobacco - - 0.22% -
 
Tobacco - - - 0.22%
 
Personal Care, Drug & Grocery Stores - 0.69% - -
 
Personal Care, Drug & Grocery Stores - - 0.69% -
 
Personal Products - - - 0.34%
 
Food Retailers & Wholesalers - - - 0.21%
 
Nondurable Household Products - - - 0.11%
 
Drug Retailers - - - 0.03%
 
Energy 1.40% - - -
 
Energy - 1.40% - -
 
Non-Renewable Energy - - 1.38% -
 
Integrated Oil & Gas - - - 0.80%
 
Pipelines - - - 0.34%
 
Oil: Crude Producers - - - 0.12%
 
Oil Refining and Marketing - - - 0.09%
 
Coal - - - 0.02%
 
Oil Equipment & Services - - - 0.02%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.02% -
 
Renewable Energy Equipment - - - 0.02%
 
Alternative Fuels - - - 0.00%
 
Basic Materials 1.17% - - -
 
Basic Resources - 0.89% - -
 
Industrial Metals & Mining - - 0.81% -
 
General Mining - - - 0.62%
 
Iron & Steel - - - 0.14%
 
Copper - - - 0.03%
 
Metal Fabricating - - - 0.01%
 
Aluminum - - - 0.01%
 
Nonferrous Metals - - - 0.01%
 
Precious Metals & Mining - - 0.05% -
 
Gold Mining - - - 0.04%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.03% -
 
Paper - - - 0.02%
 
Diversified Materials - - - 0.00%
 
Forestry - - - 0.00%
 
Textile Products - - - 0.00%
 
Chemicals - 0.28% - -
 
Chemicals - - 0.28% -
 
Chemicals: Diversified - - - 0.17%
 
Specialty Chemicals - - - 0.09%
 
Fertilizers - - - 0.01%
 
Chemicals & Synthetic Fibers - - - 0.01%
 
Telecommunications 0.82% - - -
 
Telecommunications - 0.82% - -
 
Telecommunications Equipment - - 0.46% -
 
Telecommunications Equipment - - - 0.46%
 
Telecommunications Service Providers - - 0.37% -
 
Telecommunications Services - - - 0.35%
 
Cable Television Services - - - 0.02%
 
Alternative Trading Strategies 0.20% - - -
 
Alternative Trading Strategies - 0.20% - -
 
Alternative Trading Strategies - - 0.20% -
 
Alternative Trading Strategies - - - 0.20%

Regional Allocation

pie chart
  North America 23.94%
  UK 23.14%
  Developed Europe - Excl UK 15.56%
  Cash and Equivalents 11.18%
  Non-Classified 16.05%
  Emerging Asia 2.22%
  Japan 1.96%
  Property 1.89%
  Australia & New Zealand 1.64%
  Other Regions 2.42%

Fixed Interest Currencies

pie chart
  Pound Sterling 40.24%
  Non-Fixed Interest Assets 35.99%
  Cash 11.11%
  Euro 7.61%
  US Dollar 4.47%
  Brazilian Real 0.06%
  Other Currencies 0.51%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 23.94% -
 
United States - 23.18%
 
Canada - 0.76%
 
UK 23.14% -
 
United Kingdom - 23.15%
 
Jersey - 0.00%
 
Developed Europe - Excl UK 15.56% -
 
France - 4.15%
 
Netherlands - 2.65%
 
Germany - 2.17%
 
Luxembourg - 1.43%
 
Switzerland - 1.01%
 
Spain - 0.77%
 
Italy - 0.76%
 
Sweden - 0.72%
 
Denmark - 0.46%
 
Ireland - 0.45%
 
Finland - 0.33%
 
Belgium - 0.27%
 
Austria - 0.14%
 
Norway - 0.11%
 
Iceland - 0.10%
 
Portugal - 0.05%
 
Cash and Equivalents 11.18% -
 
Non-Classified 16.05% -
 
Emerging Asia 2.22% -
 
South Korea - 1.13%
 
China - 0.28%
 
India - 0.26%
 
Taiwan - 0.20%
 
Indonesia - 0.10%
 
Malaysia - 0.07%
 
Thailand - 0.04%
 
Philippines - 0.03%
 
Uzbekistan - 0.02%
 
Viet Nam - 0.02%
 
Kazakhstan - 0.01%
 
Azerbaijan - 0.01%
 
Tajikistan - 0.01%
 
Georgia - 0.01%
 
Mongolia - 0.01%
 
Armenia - 0.01%
 
Sri Lanka - 0.00%
 
Macau - 0.00%
 
Papua New Guinea - 0.00%
 
Pakistan - 0.00%
 
Japan 1.96% -
 
Japan - 1.96%
 
Property 1.89% -
 
Australia & New Zealand 1.64% -
 
Australia - 1.55%
 
New Zealand - 0.09%
 
New Caledonia - 0.00%
 
South & Central America 0.90% -
 
Mexico - 0.38%
 
Brazil - 0.19%
 
Colombia - 0.10%
 
Peru - 0.04%
 
Dominican Republic - 0.04%
 
Uruguay - 0.03%
 
Chile - 0.02%
 
Argentina - 0.02%
 
Guatemala - 0.01%
 
Paraguay - 0.01%
 
Barbados - 0.01%
 
Trinidad and Tobago - 0.01%
 
Honduras - 0.01%
 
Panama - 0.01%
 
El Salvador - 0.01%
 
Cayman Islands - 0.01%
 
Ecuador - 0.00%
 
Venezuela - 0.00%
 
Costa Rica - 0.00%
 
Jamaica - 0.00%
 
Bolivia - 0.00%
 
Developed Asia 0.75% -
 
Hong Kong - 0.50%
 
Singapore - 0.25%
 
Middle East & Africa 0.45% -
 
South Africa - 0.09%
 
United Arab Emirates - 0.08%
 
Saudi Arabia - 0.06%
 
Israel - 0.03%
 
Qatar - 0.03%
 
Morocco - 0.02%
 
Nigeria - 0.02%
 
Oman - 0.01%
 
Cote D'Ivoire - 0.01%
 
Egypt - 0.01%
 
Kuwait - 0.01%
 
Jordan - 0.01%
 
Gabon - 0.01%
 
Benin - 0.01%
 
Senegal - 0.01%
 
Mozambique - 0.01%
 
Rwanda - 0.01%
 
Kenya - 0.01%
 
Angola - 0.01%
 
Cameroon - 0.01%
 
Iraq - 0.01%
 
Zambia - 0.00%
 
Ghana - 0.00%
 
Emerging Europe 0.31% -
 
Poland - 0.09%
 
Romania - 0.04%
 
Hungary - 0.04%
 
Greece - 0.04%
 
Turkey - 0.03%
 
Serbia - 0.01%
 
Russian Federation - 0.01%
 
Montenegro - 0.01%
 
Albania - 0.01%
 
Ukraine - 0.01%
 
Bosnia and Herzegowina - 0.01%
 
Bulgaria - 0.00%
 
Czech Republic - 0.00%
 
Croatia - 0.00%
 
Macedonia, The Former Yugoslav Republic Of - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
12.24%
Large
 
 
5.17%
Medium
 
 
2.65%
Small
 
 
0.47%
Micro
 
 
0.07%
Non-Classified
 
 
15.32%
Bonds
 
 
52.90%
Cash
 
 
11.18%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
16.57%
5Yr - 10Yr Maturity
 
 
10.19%
10Yr - 15Yr Maturity
 
 
3.56%
> 15Yr Maturity
 
 
10.45%
Cash And Equivalents
 
 
11.18%
Unknown Maturity
 
 
15.97%
Other Asset Types
 
 
32.09%

Fixed Interest Quality Profile

AAA
 
 
1.88%
AA
 
 
8.47%
A
 
 
6.91%
BBB
 
 
10.98%
Sub-Investment Grade
 
 
3.15%
Unknown Quality
 
 
9.39%
Cash and Equivalents
 
 
11.18%
Other Asset Types
 
 
48.06%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G PP All Stocks Corporate Bond Institutional Acc 27.69% Managed Funds Managed Funds
2 Eastspring US Corporate Bond Class EG (hedged) 12.14% Managed Funds Managed Funds
3 M&G (LUX) FCP Asian Local CCY Bond Class ZI 6.94% Managed Funds Managed Funds
4 BlackRock Aquila UK Equity Index S2 (HP) 5.91% Managed Funds Managed Funds
5 M&G PP High Yield Corporate Bond 4.50% Managed Funds Managed Funds
6 M&G Total Return Credit Investment Class PP GBP 4.04% Managed Funds Managed Funds
7 M&G PP Long Dated Corporate Bond Fund 3.94% Managed Funds Managed Funds
8 M&G European Credit Investment Class E GBP Hedged 3.47% Managed Funds Managed Funds
9 BlackRock Aquila US Equity S2 (HP) 3.34% Managed Funds Managed Funds
10 BlackRock Aquila Pacific Rim Equity S2 (HP) 3.09% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 Eastspring US Corporate Bond Class EG (hedged) 12.14% Bonds United States
2 ⅜% Treasury Gilt 2026 1.09% Bonds United Kingdom
3 5% Treasury Stock 2025 1.01% Bonds United Kingdom
4 ⅛% Treasury Gilt 2026 0.91% Bonds United Kingdom
5 3¼% Treasury Gilt 2044 0.50% Bonds United Kingdom
6 1½% Treasury Gilt 2047 0.45% Bonds United Kingdom
7 SHELL 0.43% Non-Renewable Energy United Kingdom
8 1¾% Treasury Gilt 2037 0.42% Bonds United Kingdom
9 ASTRAZENECA 0.42% Pharmaceuticals & Biotechnology United Kingdom
10 iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.42% Non-Classified Direct Property and REITs

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 BSPBV77
Mex Code VNAAAB
Isin Code GB00BSPBV778
Citi Code M41Q

Fund Charges

Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan

Aims and Benchmark

Aims The fund aims to deliver long term growth through investing in a diversified range of assets both in the UK and globally. At any time, the fund will invest a maximum of 30% of its assets in equities. Investments are managed across asset classes and across world markets with a focus on long run investment potential as forecast on a rolling 10 years basis. The fund may invest in a range of permitted assets which include equities, bonds, property and cash accessed directly or indirectly via appropriate fund vehicles. The fund may include other assets as deemed appropriate by both the manager and current regulations.
Benchmark Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO).
Sector ABI Mixed Investment 0-35% Shares

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 0.97
Beta 1.08
Sharpe 0.00
Standard Deviation 7.15
Info Ratio 0.43

Risk Factors

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

Fund Specific Risks

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.

New Fund

The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.

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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.

These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.

We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.

  • Higher Risk
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

Lower to Medium Risk

These funds may invest in corporate bonds or multi-asset strategies with a higher weighting in corporate bonds (and other comparable strategies).

Help

Important Information

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation 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 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.

Prudential is a trading name of Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.