WS Prudential Risk Managed Passive 5 Class A Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/08/19 to 31/08/20 |
31/08/20 to 31/08/21 |
31/08/21 to 31/08/22 |
31/08/22 to 31/08/23 |
31/08/23 to 31/08/24 |
|
|---|---|---|---|---|---|
| Fund | 0.1% | 17.0% | -4.5% | 1.6% | 12.7% |
| Benchmark | 2.0% | 19.2% | -5.9% | 0.0% | 11.9% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/08/24 |
5 Years to 31/08/24 |
10 Years to 31/08/24 |
||
| Fund | 3.1% | 5.1% | n/a | |
| Benchmark | 1.7% | 5.1% | 5.8% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 1.51 |
| ASTRAZENECA | 1.21 |
| SHELL | 1.18 |
| iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 0.99 |
| iShares iShares II plc UK Property UCITS ETF GBP (Dist) | 0.90 |
| HSBC HOLDINGS | 0.86 |
| L&G FREEHOLD PROPERTY | 0.80 |
| UNILEVER | 0.77 |
| SAMSUNG ELECTRONICS CO. LTD | 0.54 |
| BRITISH AMERICAN TOBACCO | 0.51 |
| Total | 9.26 |
Fund Aims
The Sub-fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 17%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 17%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.
Fund Manager
Phil Butler, CFA, is Portfolio Manager at M&G, part of the Treasury and Investment Office (T&IO formerly PPMG). The Investment Office is the fiduciary manager of Prudential UK&E Assets managing the retail saving solutions, legacy annuity products, with-profits policies and unit-linked solutions of Prudential UK&E. Phil is the lead portfolio manager of the WS Prudential Risk Managed Active and Passive fund ranges, the recently launched PruFund Planet range, as well as the Groups Unit Linked business; managing over £7bn in assets. Phil provides cover on a wider £100bn+ of multi-asset funds, including RM PruFund.
Phil joined the Investment Office in late 2011 to become a member of the Multi-Asset Portfolio Management Team and specialised in the management of the unitised multi-asset funds. Prior to this, Phil was part of M&Gs Investment graduate scheme rotating through various specialist investment teams in different asset classes across the company. Before M&G, he spent 13 months at the Bank of England as a research assistant whilst completing his Banking and International Finance BSc at Cass Business School. Phil is governed by M&G Investment Management under the FCA’s Certification Regime and is a CFA charterholder.
Fund Overview
| Mid (19/09/2024) | 176.51p |
| Historic yield | 1.86% |
| Fund size (31/08/2024) | £145.97m |
| Number of holdings | 9840 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.57% |
| Launch date | 09/09/2015 |
Asset Allocation
| International Equities | 39.79% | |
| UK Equities | 15.36% | |
| International Bonds | 9.70% | |
| Alternative Trading Strategies | 8.15% | |
| Property | 3.95% | |
| UK Corporate Bonds | 3.17% | |
| Investment Trusts | 0.86% | |
| Cash and Equivalents | 0.53% | |
| Money Market | 0.25% | |
| Other Assets | 18.24% |
Commentary
August 2024 Investment Summary
A positive month for the Passive range with returns ranging from +0.80%* for Passive 4 to +0.97%* for Passive 2.
*P Acc share class with data sourced from FE analytics as at 31 August 2024.
August 2024 was a volatile and more modest month for portfolios generally.
Most major equity markets saw gains in August, despite seeing a sharp sell-off at the start of the month as US growth fears coincided with a surge in the Japanese Yen prompting a 12% daily decline in the MSCI Japan Index. The US, European and UK markets led the gains, as the Nasdaq and S&P 500 closed the month back at all-time highs. Utilities led the sector-wise performance while healthcare lagged. The FTSE 100 performed well with cautious optimism for UK markets in the second half of 2024, Stoxx Europe 600 Index performed well attributed to the temporary boost to French services from the 2024 Paris Olympics.
The US Presidential election race between Kamala Harris and Donald Trump remains particularly close, with recent polls showing both candidates tied in key swing states. Government bond prices were higher as the ten-year Treasury yield edged down from 3.99% to 3.91% over the month. The US economy grew 3.0% in the second quarter of 2024 higher than the 2% forecast. The Federal Reserve have signalled their readiness to start cutting interest rates in September, stating ‘The time has come for policy to adjust’ with potential for a larger than usual 0.5% rate cut next month. Cooler economic data had dampened hopes for imminent interest rate cuts, but the Feds announcement means markets are now assigning a 100% probability of a rate cut.
US labour market government data this month showed payrolls increased by 142,000 in August, lower than forecasts but up from the previous month. Despite falling below expectations, the growing activity should help temper fears of a slowing economy and US recession.US retail sales measuring the quantity of goods bought, rose more than expected, while consumer confidence rose to a six-month high in August, as households are more upbeat on the economy and inflation, offsetting concern over July’s weak jobs report. Unemployment data ticked down slightly to 4.2% from 4.3% which was its highest level since October 2021.
Tensions in the Middle East continue as hopes of a US-brokered ceasefire between Israel and Hamas in Gaza continue to fade. Exchanges of fire have intensified in recent weeks, as US President Joe Biden and Vice President Kamala Harris spoke to Israeli Prime Minister Benjamin Netanyahu, stressing the urgency of reaching a deal. Fears over an all-out regional conflict remain. The conflicts impact remains limited on the global economy. Brent Crude prices have been flat falling to $80/barrel from $81/barrel in August.
Central banks are warming to the idea of rate cuts, following data supportive of loosening monetary policy. Investors and central banks continue to focus on key data points on inflation, unemployment and growth that could provide insight into the relative health of economies, while corporate earnings will remain in focus.
WS Prudential Risk Managed Passive - Tactical asset allocation activity
Our equity position is currently +1.25%, made up of a diversified basket across the US, UK, Asia and GEM. This is funded from a small Japan and China equity, European credit and cash underweights, with an overweight to US Treasuries and a slight overweight to real estate REITS.
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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 | 39.79% | |
| UK Equities | 15.36% | |
| International Bonds | 9.70% | |
| Alternative Trading Strategies | 8.15% | |
| Property | 3.95% | |
| UK Corporate Bonds | 3.17% | |
| Investment Trusts | 0.86% | |
| Cash and Equivalents | 0.53% | |
| Money Market | 0.25% | |
| Other Assets | 18.24% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 20.35% | - | - | - | |
| Non-Classified | - | 17.23% | - | - | |
| Non-Classified | - | - | 17.23% | - | |
| Non-Classified | - | - | - | 17.23% | |
| Bonds | 12.87% | - | - | - | |
| Financials | 11.28% | - | - | - | |
| Banks | - | 6.18% | - | - | |
| Banks | - | - | 6.18% | - | |
| Banks | - | - | - | 6.18% | |
| Financial Services | - | 3.21% | - | - | |
| Investment Banking & Brokerage Services | - | - | 1.80% | - | |
| Asset Managers & Custodians | - | - | - | 0.78% | |
| Investment Services | - | - | - | 0.61% | |
| Diversified Financial Services | - | - | - | 0.42% | |
| Equity Investment Instruments | - | - | 0.86% | - | |
| Equity Investment Instruments | - | - | - | 0.86% | |
| Finance & Credit Services | - | - | 0.54% | - | |
| Financial Data & Systems | - | - | - | 0.39% | |
| Consumer Lending | - | - | - | 0.13% | |
| Mortgage Finance | - | - | - | 0.01% | |
| Mortgage Real Estate Investment Trusts | - | - | 0.00% | - | |
| Mortgage REITs: Residential | - | - | - | 0.00% | |
| Insurance | - | 1.89% | - | - | |
| Life Insurance | - | - | 0.97% | - | |
| Life Insurance | - | - | - | 0.97% | |
| Non-life Insurance | - | - | 0.91% | - | |
| Property & Casualty Insurance | - | - | - | 0.43% | |
| Full Line Insurance | - | - | - | 0.32% | |
| Reinsurance | - | - | - | 0.10% | |
| Insurance Brokers | - | - | - | 0.06% | |
| Alternative Trading Strategies | 8.15% | - | - | - | |
| Alternative Trading Strategies | - | 8.15% | - | - | |
| Alternative Trading Strategies | - | - | 8.15% | - | |
| Alternative Trading Strategies | - | - | - | 8.15% | |
| Technology | 8.14% | - | - | - | |
| Technology | - | 8.14% | - | - | |
| Technology Hardware & Equipment | - | - | 4.70% | - | |
| Semiconductors | - | - | - | 2.86% | |
| Computer Hardware | - | - | - | 0.79% | |
| Production Technology Equipment | - | - | - | 0.55% | |
| Electronic Components | - | - | - | 0.44% | |
| Electronic Office Equipment | - | - | - | 0.05% | |
| Software & Computer Services | - | - | 3.44% | - | |
| Consumer Digital Services | - | - | - | 1.68% | |
| Software | - | - | - | 1.17% | |
| Computer Services | - | - | - | 0.58% | |
| Industrials | 7.56% | - | - | - | |
| Industrial Goods & Services | - | 6.80% | - | - | |
| Industrial Transportation | - | - | 1.79% | - | |
| Railroads | - | - | - | 0.78% | |
| Transportation Services | - | - | - | 0.36% | |
| Marine Transportation | - | - | - | 0.20% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.18% | |
| Delivery Services | - | - | - | 0.12% | |
| Commercial Vehicles & Parts | - | - | - | 0.08% | |
| Railroad Equipment | - | - | - | 0.05% | |
| Trucking | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 1.25% | - | |
| Professional Business Support Services | - | - | - | 0.54% | |
| Transaction Processing Services | - | - | - | 0.28% | |
| Industrial Suppliers | - | - | - | 0.25% | |
| Business Training & Employment Agencies | - | - | - | 0.13% | |
| Security Services | - | - | - | 0.04% | |
| Forms & Bulk Printing Services | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 1.05% | - | |
| Aerospace | - | - | - | 0.61% | |
| Defense | - | - | - | 0.44% | |
| Electronic & Electrical Equipment | - | - | 1.00% | - | |
| Electrical Components | - | - | - | 0.58% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.20% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.15% | |
| Electronic Equipment: Other | - | - | - | 0.04% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.03% | |
| General Industrials | - | - | 0.95% | - | |
| Diversified Industrials | - | - | - | 0.68% | |
| Containers & Packaging | - | - | - | 0.16% | |
| Paints & Coatings | - | - | - | 0.04% | |
| Plastics | - | - | - | 0.04% | |
| Glass | - | - | - | 0.03% | |
| Industrial Engineering | - | - | 0.75% | - | |
| Machinery: Industrial | - | - | - | 0.34% | |
| Machinery: Construction & Handling | - | - | - | 0.21% | |
| Machinery: Tools | - | - | - | 0.07% | |
| Machinery: Specialty | - | - | - | 0.06% | |
| Machinery: Engines | - | - | - | 0.04% | |
| Machinery: Agricultural | - | - | - | 0.03% | |
| Construction & Materials | - | 0.76% | - | - | |
| Construction & Materials | - | - | 0.76% | - | |
| Cement | - | - | - | 0.20% | |
| Building Materials: Other | - | - | - | 0.17% | |
| Construction | - | - | - | 0.17% | |
| Building: Climate Control | - | - | - | 0.11% | |
| Engineering & Contracting Services | - | - | - | 0.08% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.03% | |
| Consumer Discretionary | 6.48% | - | - | - | |
| Consumer Products & Services | - | 1.94% | - | - | |
| Personal Goods | - | - | 0.71% | - | |
| Clothing & Accessories | - | - | - | 0.31% | |
| Luxury Items | - | - | - | 0.20% | |
| Cosmetics | - | - | - | 0.10% | |
| Footwear | - | - | - | 0.09% | |
| Leisure Goods | - | - | 0.44% | - | |
| Electronic Entertainment | - | - | - | 0.15% | |
| Consumer Electronics | - | - | - | 0.14% | |
| Recreational Vehicles & Boats | - | - | - | 0.06% | |
| Toys | - | - | - | 0.05% | |
| Recreational Products | - | - | - | 0.02% | |
| Photography | - | - | - | 0.01% | |
| Household Goods & Home Construction | - | - | 0.41% | - | |
| Home Construction | - | - | - | 0.29% | |
| Household Appliance | - | - | - | 0.07% | |
| Household Equipment & Products | - | - | - | 0.04% | |
| Household Furnishings | - | - | - | 0.01% | |
| Consumer Services | - | - | 0.38% | - | |
| Vending & Catering Service | - | - | - | 0.27% | |
| Consumer Services: Misc. | - | - | - | 0.07% | |
| Education Services | - | - | - | 0.02% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.02% | |
| Retail | - | 1.59% | - | - | |
| Retailers | - | - | 1.59% | - | |
| Diversified Retailers | - | - | - | 0.99% | |
| Apparel Retailers | - | - | - | 0.24% | |
| Specialty Retailers | - | - | - | 0.20% | |
| Home Improvement Retailers | - | - | - | 0.17% | |
| Automobiles & Parts | - | 1.15% | - | - | |
| Automobiles & Parts | - | - | 1.15% | - | |
| Automobiles | - | - | - | 0.83% | |
| Auto Parts | - | - | - | 0.26% | |
| Tires | - | - | - | 0.06% | |
| Auto Services | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.90% | - | - | |
| Travel & Leisure | - | - | 0.90% | - | |
| Hotels & Motels | - | - | - | 0.21% | |
| Airlines | - | - | - | 0.19% | |
| Casinos & Gambling | - | - | - | 0.19% | |
| Restaurants & Bars | - | - | - | 0.18% | |
| Travel & Tourism | - | - | - | 0.10% | |
| Recreational Services | - | - | - | 0.03% | |
| Media | - | 0.89% | - | - | |
| Media | - | - | 0.89% | - | |
| Publishing | - | - | - | 0.53% | |
| Media Agencies | - | - | - | 0.20% | |
| Entertainment | - | - | - | 0.11% | |
| Radio & TV Broadcasters | - | - | - | 0.06% | |
| Health Care | 4.88% | - | - | - | |
| Health Care | - | 4.88% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.80% | - | |
| Pharmaceuticals | - | - | - | 3.50% | |
| Biotechnology | - | - | - | 0.30% | |
| Medical Equipment & Services | - | - | 0.75% | - | |
| Medical Equipment | - | - | - | 0.48% | |
| Medical Supplies | - | - | - | 0.24% | |
| Medical Services | - | - | - | 0.03% | |
| Health Care Providers | - | - | 0.33% | - | |
| Health Care Management Services | - | - | - | 0.15% | |
| Health Care Facilities | - | - | - | 0.14% | |
| Health Care Services | - | - | - | 0.04% | |
| Consumer Staples | 4.28% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.40% | - | - | |
| Beverages | - | - | 0.95% | - | |
| Distillers & Vintners | - | - | - | 0.51% | |
| Soft Drinks | - | - | - | 0.24% | |
| Brewers | - | - | - | 0.20% | |
| Food Producers | - | - | 0.74% | - | |
| Food Products | - | - | - | 0.64% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.05% | |
| Fruit & Grain Processing | - | - | - | 0.03% | |
| Sugar | - | - | - | 0.01% | |
| Tobacco | - | - | 0.71% | - | |
| Tobacco | - | - | - | 0.71% | |
| Personal Care, Drug & Grocery Stores | - | 1.87% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.87% | - | |
| Personal Products | - | - | - | 0.98% | |
| Food Retailers & Wholesalers | - | - | - | 0.61% | |
| Nondurable Household Products | - | - | - | 0.22% | |
| Drug Retailers | - | - | - | 0.07% | |
| Energy | 3.73% | - | - | - | |
| Energy | - | 3.73% | - | - | |
| Non-Renewable Energy | - | - | 3.64% | - | |
| Integrated Oil & Gas | - | - | - | 2.17% | |
| Pipelines | - | - | - | 0.58% | |
| Oil Refining and Marketing | - | - | - | 0.35% | |
| Oil: Crude Producers | - | - | - | 0.31% | |
| Coal | - | - | - | 0.13% | |
| Oil Equipment & Services | - | - | - | 0.08% | |
| Offshore Drilling & Other Services | - | - | - | 0.01% | |
| Renewable Energy | - | - | 0.09% | - | |
| Renewable Energy Equipment | - | - | - | 0.08% | |
| Alternative Fuels | - | - | - | 0.00% | |
| Basic Materials | 3.23% | - | - | - | |
| Basic Resources | - | 2.46% | - | - | |
| Industrial Metals & Mining | - | - | 1.90% | - | |
| General Mining | - | - | - | 1.49% | |
| Iron & Steel | - | - | - | 0.24% | |
| Copper | - | - | - | 0.07% | |
| Aluminum | - | - | - | 0.05% | |
| Metal Fabricating | - | - | - | 0.03% | |
| Nonferrous Metals | - | - | - | 0.02% | |
| Precious Metals & Mining | - | - | 0.46% | - | |
| Gold Mining | - | - | - | 0.39% | |
| Platinum & Precious Metals | - | - | - | 0.07% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.10% | - | |
| Paper | - | - | - | 0.07% | |
| Diversified Materials | - | - | - | 0.02% | |
| Forestry | - | - | - | 0.01% | |
| Textile Products | - | - | - | 0.00% | |
| Chemicals | - | 0.77% | - | - | |
| Chemicals | - | - | 0.77% | - | |
| Chemicals: Diversified | - | - | - | 0.48% | |
| Specialty Chemicals | - | - | - | 0.22% | |
| Fertilizers | - | - | - | 0.04% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.03% | |
| Utilities | 3.21% | - | - | - | |
| Utilities | - | 3.21% | - | - | |
| Electricity | - | - | 1.92% | - | |
| Conventional Electricity | - | - | - | 1.78% | |
| Alternative Electricity | - | - | - | 0.13% | |
| Gas, Water & Multi-utilities | - | - | 1.25% | - | |
| Multi-Utilities | - | - | - | 0.85% | |
| Water | - | - | - | 0.21% | |
| Gas Distribution | - | - | - | 0.19% | |
| Waste & Disposal Services | - | - | 0.05% | - | |
| Waste & Disposal Services | - | - | - | 0.05% | |
| Telecommunications | 2.06% | - | - | - | |
| Telecommunications | - | 2.06% | - | - | |
| Telecommunications Service Providers | - | - | 1.18% | - | |
| Telecommunications Services | - | - | - | 1.07% | |
| Cable Television Services | - | - | - | 0.12% | |
| Telecommunications Equipment | - | - | 0.88% | - | |
| Telecommunications Equipment | - | - | - | 0.88% | |
| Real Estate | 1.81% | - | - | - | |
| Real Estate | - | 1.81% | - | - | |
| Real Estate Investment Trusts | - | - | 1.27% | - | |
| Diversified REITs | - | - | - | 0.24% | |
| Infrastructure REITs | - | - | - | 0.23% | |
| Industrial REITs | - | - | - | 0.19% | |
| Retail REITs | - | - | - | 0.18% | |
| Residential REITs | - | - | - | 0.11% | |
| Office REITs | - | - | - | 0.09% | |
| Other Specialty REITs | - | - | - | 0.09% | |
| Health Care REITs | - | - | - | 0.06% | |
| Storage REITs | - | - | - | 0.04% | |
| Hotel & Lodging REITs | - | - | - | 0.02% | |
| Timber REITs | - | - | - | 0.02% | |
| Real Estate Investment & Services | - | - | 0.54% | - | |
| Real Estate Holding and Development | - | - | - | 0.42% | |
| Real Estate Services | - | - | - | 0.13% | |
| Property | 1.20% | - | - | - | |
| Property | - | 1.20% | - | - | |
| Property | - | - | 1.20% | - | |
| Property | - | - | - | 1.20% | |
| Cash and Equivalents | 0.78% | - | - | - | |
| Commodities | 0.00% | - | - | - | |
| Commodities | - | 0.00% | - | - | |
| Commodities | - | - | 0.00% | - | |
| Commodities | - | - | - | 0.00% | |
Regional Allocation
| UK | 18.51% | |
| Non-Classified | 28.56% | |
| North America | 14.11% | |
| Emerging Asia | 11.03% | |
| Developed Europe - Excl UK | 10.80% | |
| Japan | 4.27% | |
| Property | 3.92% | |
| Australia & New Zealand | 2.65% | |
| Middle East & Africa | 2.36% | |
| Other Regions | 3.79% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 86.85% | |
| Pound Sterling | 8.74% | |
| US Dollar | 2.47% | |
| Euro | 0.70% | |
| Cash | 0.28% | |
| Brazilian Real | 0.09% | |
| Other Currencies | 0.87% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 18.51% | - | |
United Kingdom
|
- | 18.54% | |
| Non-Classified | 28.56% | - | |
| North America | 14.11% | - | |
United States
|
- | 12.43% | |
Canada
|
- | 1.68% | |
| Emerging Asia | 11.03% | - | |
Taiwan
|
- | 3.17% | |
China
|
- | 2.48% | |
India
|
- | 2.39% | |
South Korea
|
- | 1.75% | |
Malaysia
|
- | 0.41% | |
Thailand
|
- | 0.33% | |
Philippines
|
- | 0.18% | |
Indonesia
|
- | 0.15% | |
Uzbekistan
|
- | 0.04% | |
Viet Nam
|
- | 0.03% | |
Azerbaijan
|
- | 0.02% | |
Kazakhstan
|
- | 0.02% | |
Tajikistan
|
- | 0.02% | |
Georgia
|
- | 0.01% | |
Mongolia
|
- | 0.01% | |
Armenia
|
- | 0.01% | |
Sri Lanka
|
- | 0.01% | |
Papua New Guinea
|
- | 0.01% | |
Pakistan
|
- | 0.00% | |
Macau
|
- | 0.00% | |
| Developed Europe - Excl UK | 10.80% | - | |
France
|
- | 1.95% | |
Germany
|
- | 1.80% | |
Netherlands
|
- | 1.52% | |
Switzerland
|
- | 1.50% | |
Luxembourg
|
- | 0.81% | |
Sweden
|
- | 0.59% | |
Spain
|
- | 0.57% | |
Denmark
|
- | 0.53% | |
Italy
|
- | 0.44% | |
Ireland
|
- | 0.36% | |
Finland
|
- | 0.26% | |
Belgium
|
- | 0.25% | |
Norway
|
- | 0.16% | |
Austria
|
- | 0.04% | |
Portugal
|
- | 0.02% | |
Iceland
|
- | 0.00% | |
| Japan | 4.27% | - | |
Japan
|
- | 4.27% | |
| Property | 3.92% | - | |
| Australia & New Zealand | 2.65% | - | |
Australia
|
- | 2.49% | |
New Zealand
|
- | 0.13% | |
New Caledonia
|
- | 0.03% | |
| Middle East & Africa | 2.36% | - | |
South Africa
|
- | 1.74% | |
Saudi Arabia
|
- | 0.13% | |
United Arab Emirates
|
- | 0.09% | |
Cote D'Ivoire
|
- | 0.06% | |
Qatar
|
- | 0.05% | |
Israel
|
- | 0.04% | |
Egypt
|
- | 0.03% | |
Kuwait
|
- | 0.03% | |
Morocco
|
- | 0.03% | |
Oman
|
- | 0.02% | |
Benin
|
- | 0.02% | |
Nigeria
|
- | 0.02% | |
Kenya
|
- | 0.02% | |
Gabon
|
- | 0.02% | |
Senegal
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Angola
|
- | 0.01% | |
Jordan
|
- | 0.01% | |
Mozambique
|
- | 0.01% | |
Rwanda
|
- | 0.01% | |
Zambia
|
- | 0.01% | |
Ghana
|
- | 0.01% | |
Iraq
|
- | 0.00% | |
| Developed Asia | 1.40% | - | |
Hong Kong
|
- | 0.91% | |
Singapore
|
- | 0.49% | |
| South & Central America | 1.08% | - | |
Mexico
|
- | 0.30% | |
Brazil
|
- | 0.28% | |
Colombia
|
- | 0.11% | |
Peru
|
- | 0.06% | |
Dominican Republic
|
- | 0.05% | |
Uruguay
|
- | 0.05% | |
Argentina
|
- | 0.04% | |
Chile
|
- | 0.03% | |
Paraguay
|
- | 0.03% | |
Jamaica
|
- | 0.02% | |
Venezuela
|
- | 0.02% | |
Guatemala
|
- | 0.02% | |
Barbados
|
- | 0.01% | |
Ecuador
|
- | 0.01% | |
Suriname
|
- | 0.01% | |
El Salvador
|
- | 0.01% | |
Trinidad and Tobago
|
- | 0.01% | |
Honduras
|
- | 0.01% | |
Costa Rica
|
- | 0.01% | |
Bolivia
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Cash and Equivalents | 0.78% | - | |
| Emerging Europe | 0.54% | - | |
Turkey
|
- | 0.16% | |
Poland
|
- | 0.09% | |
Romania
|
- | 0.07% | |
Hungary
|
- | 0.07% | |
Greece
|
- | 0.06% | |
Czech Republic
|
- | 0.03% | |
Serbia
|
- | 0.02% | |
Ukraine
|
- | 0.01% | |
Montenegro
|
- | 0.01% | |
Bosnia and Herzegowina
|
- | 0.01% | |
Albania
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
30.82% |
| Large |
|
12.61% |
| Medium |
|
6.48% |
| Small |
|
1.20% |
| Micro |
|
0.17% |
| Non-Classified |
|
35.07% |
| Bonds |
|
12.87% |
| Cash |
|
0.78% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BlackRock iShares UK Equity Index Class X | 16.04% | Managed Funds | Managed Funds |
| 2 | BlackRock iShares Corporate Bond Index Class X | 9.50% | Managed Funds | Managed Funds |
| 3 | BlackRock iShares Pacific ex Japan Equity Index Class X | 8.78% | Managed Funds | Managed Funds |
| 4 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 7.35% | Managed Funds | Managed Funds |
| 5 | BlackRock iShares US Equity Index Class X | 6.86% | Managed Funds | Managed Funds |
| 6 | Legal & General European Index Trust C | 6.02% | Managed Funds | Managed Funds |
| 7 | BlackRock (Dublin) iShares US Corporate Bond Index Fund | 5.42% | Managed Funds | Managed Funds |
| 8 | BlackRock iShares Japan Equity Index Class X | 3.71% | Managed Funds | Managed Funds |
| 9 | Legal & General Global Infrastructure Index Class C | 3.06% | Managed Funds | Managed Funds |
| 10 | BlackRock iShares Emerging Markets Equity Index Class X | 2.92% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 1.51% | Technology Hardware & Equipment | Taiwan |
| 2 | ASTRAZENECA | 1.21% | Pharmaceuticals & Biotechnology | United Kingdom |
| 3 | SHELL | 1.18% | Non-Renewable Energy | United Kingdom |
| 4 | iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 0.99% | Non-Classified | Direct Property and REITs |
| 5 | iShares iShares II plc UK Property UCITS ETF GBP (Dist) | 0.90% | Non-Classified | Direct Property and REITs |
| 6 | HSBC HOLDINGS | 0.86% | Banks | United Kingdom |
| 7 | L&G FREEHOLD PROPERTY | 0.80% | Property | Direct Property and REITs |
| 8 | UNILEVER | 0.77% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 9 | SAMSUNG ELECTRONICS CO. LTD | 0.54% | Telecommunications Equipment | South Korea |
| 10 | BRITISH AMERICAN TOBACCO | 0.51% | Tobacco | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.21% | 7.93% | - | - | - | - | - | - | 8.14% |
| Telecommunications | 0.20% | 1.87% | - | 0.01% | - | - | - | - | 2.08% |
| Financials | 3.11% | 7.31% | - | 0.02% | - | - | 0.86% | - | 11.30% |
| Real Estate | 0.15% | 0.81% | - | - | - | 0.85% | 0.01% | - | 1.82% |
| Consumer Discretionary | 1.74% | 4.73% | - | - | - | - | 0.01% | - | 6.49% |
| Consumer Staples | 2.34% | 1.94% | - | - | - | - | 0.01% | - | 4.29% |
| Energy | 1.73% | 2.00% | - | - | - | - | - | - | 3.73% |
| Utilities | 0.71% | 2.50% | 0.01% | - | - | - | - | - | 3.22% |
| Health Care | 1.89% | 3.00% | - | - | - | - | - | - | 4.88% |
| Industrials | 1.93% | 5.63% | - | - | - | - | 0.01% | - | 7.57% |
| Basic Materials | 1.29% | 1.94% | - | - | - | - | - | - | 3.23% |
| Property | - | - | - | - | - | 1.20% | - | - | 1.20% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.53% | 0.53% |
| Bonds | - | - | 3.17% | 9.66% | - | - | - | - | 12.82% |
| Non-Classified | 0.06% | 0.15% | - | - | - | 1.90% | 26.34% | 0.25% | 28.69% |
Important Information
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 | BVYV0B6 |
| Mex Code | - |
| Isin Code | GB00BVYV0B63 |
| Citi Code | MEMB |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.57% |
Aims and Benchmark
| Aims | The Sub-fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 17%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 17%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target. |
| Benchmark | IA Flexible Investment |
| Benchmark Category | Comparator |
| IA Sector | Volatility Managed |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 November | 31 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | Link Fund Administrators Limited |
| Fund Registrar | Link Fund Administrators Limited |
| Fund Custodian | The Bank of New York Mellon (International) Limited |
Group Details
| Group name | Waystone Management (UK) Limited |
| Group address | PO Box 389, DARLINGTON, DL1 9UF |
| Group telephone | 0345 9220044 |
| Dealing telephone | 0344 3358936 |
| investorservices@linkgroup.co.uk | |
| Homepage | www.waystone.com |
| Fax number | 0113 2246001 |
Dealing
| Minimum Investment | £500 |
| Minimum Top Up | £250 |
| Minimum Regular Saving | £50 |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges 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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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.