PIA European Equity Ser B

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund -1.4% 13.3% 9.1% 15.8% 6.9%
Sector 6.1% 15.3% 4.0% 9.7% 7.1%
Rank 94/105 54/107 21/111 5/113 69/113
Quartile 4 2 1 1 3

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 10.5% 8.6% 7.2%
Sector 6.9% 8.4% 6.8%
Rank 10/109 50/103 29/72
Quartile 1 2 2

Top 10 Holdings

Stock % Weight
NOVO NORDISK A/S 3.93
SIEMENS AKTIENGESELLSCHAFT 3.25
SAP SE 3.03
ROCHE HLDG AG 2.97
TOTAL SE 2.96
NESTLE S.A. 2.42
UBS GROUP AG 2.22
SANOFI 2.11
ALLIANZ SE 2.00
CAIXABANK SA 1.92
Total 26.81

Fund Aims

Objective: The investment strategy of the fund is to purchase shares in European (excluding UK) companies via other M&G funds. It is a "fund of funds" holding units in several more specialised European equity funds to give access to a variety of methods for generating investment returns in differing market conditions.

Fund Investments: At least 80% of the underlying funds' Net Asset Value is directly invested in equity securities and equity-related securities of companies that are incorporated, listed, domiciled or do most of their business in the Europe, excluding the United Kingdom. The underlying funds may also invest in other transferable securities, cash, and near cash, directly or via funds (including funds managed by M&G) and may use derivatives for efficient portfolio management and hedging.

Fund Manager

M&G Treasury & Investment Office manager for 2 years and 11 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

Bid (27/03/2024) 5.46
Offer (27/03/2024) 5.75
Fund size (29/02/2024) £34.95m
Number of holdings 346
Launch date 09/04/2003

Fund Charges

Annual Management Charge (AMC) 1.20%
Further Costs 0.06%
Yearly Total 1.26%

Asset Allocation

pie chart
  International Equities 96.24%
  International Bonds 1.43%
  UK Equities 0.65%
  Cash and Equivalents 0.44%
  Property 0.08%
  Other Assets 1.16%
Portfolio data accurate as at: 29/02/24

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 96.24%
  International Bonds 1.43%
  UK Equities 0.65%
  Cash and Equivalents 0.44%
  Property 0.08%
  Other Assets 1.16%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 18.68% - - -
 
Banks - 10.49% - -
 
Banks - - 10.49% -
 
Banks - - - 10.49%
 
Insurance - 5.11% - -
 
Non-life Insurance - - 4.58% -
 
Full Line Insurance - - - 2.72%
 
Reinsurance - - - 1.86%
 
Property & Casualty Insurance - - - 0.00%
 
Life Insurance - - 0.53% -
 
Life Insurance - - - 0.53%
 
Financial Services - 3.08% - -
 
Investment Banking & Brokerage Services - - 3.08% -
 
Asset Managers & Custodians - - - 2.24%
 
Diversified Financial Services - - - 0.62%
 
Investment Services - - - 0.22%
 
Industrials 18.54% - - -
 
Industrial Goods & Services - 15.06% - -
 
Industrial Transportation - - 3.51% -
 
Commercial Vehicles & Parts - - - 1.11%
 
Marine Transportation - - - 0.87%
 
Railroads - - - 0.84%
 
Transportation Services - - - 0.58%
 
Delivery Services - - - 0.12%
 
General Industrials - - 3.30% -
 
Diversified Industrials - - - 3.27%
 
Containers & Packaging - - - 0.02%
 
Glass - - - 0.01%
 
Electronic & Electrical Equipment - - 3.06% -
 
Electrical Components - - - 3.06%
 
Industrial Support Services - - 2.25% -
 
Security Services - - - 1.73%
 
Industrial Suppliers - - - 0.38%
 
Transaction Processing Services - - - 0.11%
 
Business Training & Employment Agencies - - - 0.03%
 
Professional Business Support Services - - - 0.01%
 
Aerospace & Defence - - 1.48% -
 
Defense - - - 1.39%
 
Aerospace - - - 0.08%
 
Industrial Engineering - - 1.46% -
 
Machinery: Construction & Handling - - - 0.80%
 
Machinery: Industrial - - - 0.33%
 
Machinery: Engines - - - 0.18%
 
Machinery: Tools - - - 0.15%
 
Construction & Materials - 3.49% - -
 
Construction & Materials - - 3.49% -
 
Building Materials: Other - - - 1.81%
 
Cement - - - 1.16%
 
Construction - - - 0.31%
 
Building, Roofing/Wallboard & Plumbing - - - 0.17%
 
Building: Climate Control - - - 0.03%
 
Health Care 15.74% - - -
 
Health Care - 15.74% - -
 
Pharmaceuticals & Biotechnology - - 14.50% -
 
Pharmaceuticals - - - 13.99%
 
Biotechnology - - - 0.51%
 
Medical Equipment & Services - - 1.05% -
 
Medical Equipment - - - 0.78%
 
Medical Supplies - - - 0.28%
 
Health Care Providers - - 0.19% -
 
Health Care Services - - - 0.19%
 
Consumer Discretionary 12.13% - - -
 
Automobiles & Parts - 3.49% - -
 
Automobiles & Parts - - 3.49% -
 
Automobiles - - - 2.59%
 
Tires - - - 0.86%
 
Auto Parts - - - 0.03%
 
Retail - 3.15% - -
 
Retailers - - 3.15% -
 
Apparel Retailers - - - 1.61%
 
Specialty Retailers - - - 1.52%
 
Diversified Retailers - - - 0.02%
 
Consumer Products & Services - 2.71% - -
 
Personal Goods - - 2.55% -
 
Clothing & Accessories - - - 1.24%
 
Cosmetics - - - 0.58%
 
Luxury Items - - - 0.54%
 
Footwear - - - 0.18%
 
Household Goods & Home Construction - - 0.14% -
 
Household Appliance - - - 0.11%
 
Household Equipment & Products - - - 0.03%
 
Leisure Goods - - 0.01% -
 
Electronic Entertainment - - - 0.01%
 
Media - 2.12% - -
 
Media - - 2.12% -
 
Radio & TV Broadcasters - - - 1.41%
 
Entertainment - - - 0.36%
 
Publishing - - - 0.24%
 
Media Agencies - - - 0.11%
 
Travel & Leisure - 0.67% - -
 
Travel & Leisure - - 0.67% -
 
Airlines - - - 0.58%
 
Restaurants & Bars - - - 0.09%
 
Hotels & Motels - - - 0.01%
 
Consumer Staples 6.93% - - -
 
Personal Care, Drug & Grocery Stores - 3.70% - -
 
Personal Care, Drug & Grocery Stores - - 3.70% -
 
Food Retailers & Wholesalers - - - 3.40%
 
Personal Products - - - 0.21%
 
Nondurable Household Products - - - 0.09%
 
Food, Beverage & Tobacco - 3.24% - -
 
Food Producers - - 2.74% -
 
Food Products - - - 2.74%
 
Beverages - - 0.50% -
 
Brewers - - - 0.33%
 
Distillers & Vintners - - - 0.17%
 
Technology 6.73% - - -
 
Technology - 6.73% - -
 
Software & Computer Services - - 4.39% -
 
Software - - - 3.10%
 
Consumer Digital Services - - - 0.71%
 
Computer Services - - - 0.59%
 
Technology Hardware & Equipment - - 2.34% -
 
Production Technology Equipment - - - 1.38%
 
Semiconductors - - - 0.87%
 
Computer Hardware - - - 0.09%
 
Basic Materials 6.07% - - -
 
Basic Resources - 3.54% - -
 
Industrial Metals & Mining - - 2.25% -
 
Iron & Steel - - - 2.16%
 
Aluminum - - - 0.06%
 
General Mining - - - 0.04%
 
Industrial Materials - - 1.27% -
 
Paper - - - 1.21%
 
Forestry - - - 0.06%
 
Precious Metals & Mining - - 0.01% -
 
Gold Mining - - - 0.01%
 
Chemicals - 2.53% - -
 
Chemicals - - 2.53% -
 
Chemicals: Diversified - - - 1.26%
 
Specialty Chemicals - - - 0.82%
 
Fertilizers - - - 0.44%
 
Chemicals & Synthetic Fibers - - - 0.01%
 
Energy 5.66% - - -
 
Energy - 5.66% - -
 
Non-Renewable Energy - - 5.26% -
 
Integrated Oil & Gas - - - 3.92%
 
Oil Equipment & Services - - - 1.25%
 
Oil Refining and Marketing - - - 0.09%
 
Renewable Energy - - 0.40% -
 
Renewable Energy Equipment - - - 0.40%
 
Utilities 3.17% - - -
 
Utilities - 3.17% - -
 
Gas, Water & Multi-utilities - - 1.93% -
 
Multi-Utilities - - - 1.93%
 
Electricity - - 1.24% -
 
Conventional Electricity - - - 0.85%
 
Alternative Electricity - - - 0.39%
 
Telecommunications 2.46% - - -
 
Telecommunications - 2.46% - -
 
Telecommunications Service Providers - - 1.45% -
 
Telecommunications Services - - - 1.45%
 
Telecommunications Equipment - - 1.01% -
 
Telecommunications Equipment - - - 1.01%
 
Bonds 1.43% - - -
 
Non-Classified 1.16% - - -
 
Non-Classified - 0.87% - -
 
Non-Classified - - 0.87% -
 
Non-Classified - - - 0.87%
 
Real Estate 0.85% - - -
 
Real Estate - 0.85% - -
 
Real Estate Investment & Services - - 0.72% -
 
Real Estate Holding and Development - - - 0.72%
 
Real Estate Investment Trusts - - 0.13% -
 
Retail REITs - - - 0.08%
 
Office REITs - - - 0.05%
 
Cash and Equivalents 0.44% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  Developed Europe - Excl UK 95.17%
  Non-Classified 2.79%
  UK 0.65%
  Emerging Europe 0.50%
  Cash and Equivalents 0.44%
  North America 0.37%
  Property 0.08%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.13%
  Euro 1.37%
  Cash 0.44%
  Swedish Krona 0.03%
  Swiss Franc 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 95.17% -
 
France - 21.87%
 
Germany - 20.53%
 
Switzerland - 12.16%
 
Netherlands - 8.27%
 
Denmark - 6.37%
 
Spain - 5.54%
 
Sweden - 3.81%
 
Italy - 3.20%
 
Ireland - 3.13%
 
Finland - 2.90%
 
Belgium - 2.50%
 
Norway - 1.66%
 
Austria - 1.53%
 
Luxembourg - 1.53%
 
Portugal - 0.17%
 
Non-Classified 2.79% -
 
UK 0.65% -
 
United Kingdom - 0.65%
 
Emerging Europe 0.50% -
 
Turkey - 0.23%
 
Poland - 0.10%
 
Greece - 0.08%
 
Hungary - 0.07%
 
Czech Republic - 0.02%
 
Cash and Equivalents 0.44% -
 
North America 0.37% -
 
United States - 0.37%
 
Property 0.08% -

Breakdown By Market Cap (%)

Mega
 
 
57.55%
Large
 
 
22.07%
Medium
 
 
8.57%
Small
 
 
1.33%
Micro
 
 
0.32%
Non-Classified
 
 
8.29%
Bonds
 
 
1.43%
Cash
 
 
0.44%

Fund Holdings

Name % Weight Sector Country
1 M&G (LUX) FCP Europe ex UK Equity Fund Z3A Acc 59.69% Managed Funds Managed Funds
2 M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z3A Acc 30.13% Managed Funds Managed Funds
3 M&G European Sustain Paris Aligned Class PP GBP 10.17% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 NOVO NORDISK A/S 3.93% Pharmaceuticals & Biotechnology Denmark
2 SIEMENS AKTIENGESELLSCHAFT 3.25% General Industrials Germany
3 SAP SE 3.03% Software & Computer Services Germany
4 ROCHE HLDG AG 2.97% Pharmaceuticals & Biotechnology Switzerland
5 TOTAL SE 2.96% Non-Renewable Energy France
6 NESTLE S.A. 2.42% Food Producers Switzerland
7 UBS GROUP AG 2.22% Investment Banking & Brokerage Services Switzerland
8 SANOFI 2.11% Pharmaceuticals & Biotechnology France
9 ALLIANZ SE 2.00% Non-life Insurance Germany
10 CAIXABANK SA 1.92% Banks Spain

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 6.73% - - - - - - 6.73%
Telecommunications - 2.46% - 1.37% - - - - 3.84%
Financials 0.23% 18.45% - 0.05% - - - - 18.74%
Real Estate - 0.77% - - - 0.08% - - 0.85%
Consumer Discretionary 0.21% 11.93% - - - - - - 12.13%
Consumer Staples 0.21% 6.72% - - - - - - 6.93%
Energy - 5.66% - - - - - - 5.66%
Utilities - 3.17% - - - - - - 3.17%
Health Care - 15.74% - - - - - - 15.74%
Industrials - 18.54% - - - - - - 18.54%
Basic Materials - 6.07% - - - - - - 6.07%
Cash and Equivalents - - - - - - - 0.44% 0.44%
Non-Classified - - - - - - 1.16% - 1.16%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code 3283002
Mex Code SBEURP
Isin Code IE0032830022
Citi Code S777

Fund Charges

Annual Management Charge (AMC) 1.20%
Further Costs 0.06%
Yearly Total 1.26%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase shares in European (excluding UK) companies via other M&G funds. It is a "fund of funds" holding units in several more specialised European equity funds to give access to a variety of methods for generating investment returns in differing market conditions. Fund Investments: At least 80% of the underlying funds' Net Asset Value is directly invested in equity securities and equity-related securities of companies that are incorporated, listed, domiciled or do most of their business in the Europe, excluding the United Kingdom. The underlying funds may also invest in other transferable securities, cash, and near cash, directly or via funds (including funds managed by M&G) and may use derivatives for efficient portfolio management and hedging.
Benchmark FTSE World Europe ex UK Index
Sector OI Europe excluding UK Equities

Ratings

FE Crown Crown Rating of 5

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.