Prudential Overseas Equity Index S3
Performance
Discrete performance - to latest available quarter end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -9.2% | 41.1% | 6.4% | 1.1% | 13.6% |
| Benchmark | -8.0% | 41.3% | 5.9% | 0.8% | 14.6% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 1 2024 |
3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
|
| Fund | 6.3% | 6.9% | 9.3% | 10.0% |
| Benchmark | 7.0% | 7.0% | 9.7% | 10.3% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.25 |
| SAMSUNG ELECTRONICS CO. LTD | 2.03 |
| MICROSOFT CORPORATION | 1.60 |
| APPLE | 1.31 |
| NVIDIA CORP | 0.97 |
| ASML HOLDING N.V. | 0.95 |
| NOVO NORDISK A/S | 0.92 |
| NESTLE S.A. | 0.81 |
| TOYOTA MOTOR CORPORATION | 0.79 |
| AMAZON.COM | 0.77 |
| Total | 13.40 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Overseas Equity Index Fund - the underlying fund.
Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their Indices in order to meet their investment objectives; in addition, the Sub-Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Sub-Investment Manager's ESG research framework and underweighting the securities which score less well. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To provide a return that is in line with that of the benchmark.
Fund Manager
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 (15/04/2024) | 598.70 |
| Fund size (29/02/2024) | £15.98m |
| Underlying Fund size | £15.97m |
| Number of holdings | 1674 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 30/04/2002 |
Asset Allocation
| International Equities | 87.80% | |
| Cash and Equivalents | 9.48% | |
| Property | 1.05% | |
| International Bonds | 0.22% | |
| UK Equities | 0.01% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 1.44% |
Commentary
Performance as at Q4 2023 - It was a positive fourth quarter for most financial assets as investor sentiment was bolstered by the easing of inflationary pressures, optimism about forthcoming rate cuts by central banks and a potential economic 'soft landing'. After an initial period of weakness, the year ended with a powerful two-month rally in bond and equity markets. Asia Pacific ex Japan lagged the global equity market in the fourth quarter, not helped by the weak performance of China and Hong Kong, which together represent a sizeable weight of the regional index in market capitalisation terms. Some investors continue to be concerned by the lacklustre growth of the Chinese economy and problems in its property sector. Sentiment was also hurt by a cut in the country's credit outlook to negative, by ratings agency Moody's. Other markets that lagged the regional index included Singapore, Thailand and the Philippines. Betterperforming markets included India, South Korea and Taiwan. European equities rallied in the fourth quarter of 2023, as hopes of interest rate cuts lifted investor sentiment. Europe was one of the best-performing regions globally and the gains helped European shares deliver an annual return of around 18%, in euro terms. The European Central Bank kept interest rates on hold during the quarter and, with the annual rate of inflation in the eurozone falling to 2.4% in November, investors became increasingly optimistic that policymakers would start to cut rates in 2024. Against a backdrop of falling bond yields, the real estate and utilities sectors rallied. Industrials, information technology and materials also outperformed the broader market. In contrast, energy, consumer staples and healthcare were notable laggards. Sweden and the Netherlands were two of the best performing markets; Norway was one of the weakest. US equities rounded off the year with a powerful rally in the fourth quarter of 2023. After declines in October, share prices then soared as investors became increasingly optimistic that the Federal Reserve had ended its interest rate hiking cycle. With annual inflation falling to 3.1% in November and the economy remaining resilient, hopes of rate cuts in 2024 helped the S&P 500 Index climb towards all-time highs. Information technology was one of the best-performing sectors. Real estate rallied, along with financials and industrials, while energy stocks fell heavily. More defensive areas, notably consumer staples and healthcare, lagged the broader market. Canada's stockmarket also rose, buoyed by the prospect of interest rate cuts. In common with other markets around the world, the Japanese stockmarket rallied strongly from late October onwards, on the back of hopes that interest rates in other major economies had peaked and would begin falling in 2024. Over the quarter as a whole, however, Japan lagged other markets, in sterling terms. Interest rates remain very low, with the Bank of Japan (BoJ) holding overnight interest rates at -0.1% and managing 10-year government bond yields, through its so-called "yield curve control policy". In early November, the Japanese government announced a package of measures aimed at stimulating the economy which included cuts in income and residential taxes and support for low-earning households. Overall, emerging markets lagged the broad global equity market in the fourth quarter, largely held back by the performance of China. Eastern European markets were well supported, with Poland the standout performer. Meanwhile, Middle Eastern markets were generally laggards, on the back of a weaker oil price, which slipped during the quarter. Stockmarkets in Latin America shone, with Argentina, Peru, Mexico and Brazil being the pick of the region.
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 investment can go down as well as up so you might get back less than you put in.
This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 87.80% | |
| Cash and Equivalents | 9.48% | |
| Property | 1.05% | |
| International Bonds | 0.22% | |
| UK Equities | 0.01% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 1.44% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 19.18% | - | - | - | |
| Technology | - | 19.18% | - | - | |
| Technology Hardware & Equipment | - | - | 12.60% | - | |
| Semiconductors | - | - | - | 7.15% | |
| Computer Hardware | - | - | - | 2.27% | |
| Production Technology Equipment | - | - | - | 2.10% | |
| Electronic Components | - | - | - | 0.88% | |
| Electronic Office Equipment | - | - | - | 0.20% | |
| Software & Computer Services | - | - | 6.58% | - | |
| Software | - | - | - | 2.94% | |
| Consumer Digital Services | - | - | - | 2.64% | |
| Computer Services | - | - | - | 1.00% | |
| Financials | 16.34% | - | - | - | |
| Banks | - | 9.22% | - | - | |
| Banks | - | - | 9.22% | - | |
| Banks | - | - | - | 9.22% | |
| Insurance | - | 3.78% | - | - | |
| Non-life Insurance | - | - | 2.23% | - | |
| Full Line Insurance | - | - | - | 1.27% | |
| Property & Casualty Insurance | - | - | - | 0.61% | |
| Reinsurance | - | - | - | 0.30% | |
| Insurance Brokers | - | - | - | 0.05% | |
| Life Insurance | - | - | 1.55% | - | |
| Life Insurance | - | - | - | 1.55% | |
| Financial Services | - | 3.33% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.88% | - | |
| Investment Services | - | - | - | 1.59% | |
| Diversified Financial Services | - | - | - | 0.70% | |
| Asset Managers & Custodians | - | - | - | 0.59% | |
| Finance & Credit Services | - | - | 0.45% | - | |
| Financial Data & Systems | - | - | - | 0.36% | |
| Consumer Lending | - | - | - | 0.09% | |
| Industrials | 12.14% | - | - | - | |
| Industrial Goods & Services | - | 10.25% | - | - | |
| General Industrials | - | - | 2.52% | - | |
| Diversified Industrials | - | - | - | 1.89% | |
| Containers & Packaging | - | - | - | 0.31% | |
| Plastics | - | - | - | 0.18% | |
| Paints & Coatings | - | - | - | 0.08% | |
| Glass | - | - | - | 0.06% | |
| Electronic & Electrical Equipment | - | - | 2.26% | - | |
| Electrical Components | - | - | - | 1.84% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.21% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.14% | |
| Electronic Equipment: Other | - | - | - | 0.04% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.04% | |
| Industrial Transportation | - | - | 1.93% | - | |
| Marine Transportation | - | - | - | 0.69% | |
| Transportation Services | - | - | - | 0.46% | |
| Railroads | - | - | - | 0.44% | |
| Delivery Services | - | - | - | 0.28% | |
| Trucking | - | - | - | 0.04% | |
| Commercial Vehicles & Parts | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.00% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 1.80% | - | |
| Transaction Processing Services | - | - | - | 0.72% | |
| Professional Business Support Services | - | - | - | 0.53% | |
| Industrial Suppliers | - | - | - | 0.24% | |
| Business Training & Employment Agencies | - | - | - | 0.14% | |
| Forms & Bulk Printing Services | - | - | - | 0.09% | |
| Security Services | - | - | - | 0.08% | |
| Industrial Engineering | - | - | 1.43% | - | |
| Machinery: Construction & Handling | - | - | - | 0.54% | |
| Machinery: Industrial | - | - | - | 0.30% | |
| Machinery: Engines | - | - | - | 0.25% | |
| Machinery: Tools | - | - | - | 0.20% | |
| Machinery: Agricultural | - | - | - | 0.14% | |
| Aerospace & Defence | - | - | 0.31% | - | |
| Aerospace | - | - | - | 0.27% | |
| Defense | - | - | - | 0.04% | |
| Construction & Materials | - | 1.89% | - | - | |
| Construction & Materials | - | - | 1.89% | - | |
| Construction | - | - | - | 0.63% | |
| Building Materials: Other | - | - | - | 0.55% | |
| Building: Climate Control | - | - | - | 0.33% | |
| Cement | - | - | - | 0.20% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.12% | |
| Engineering & Contracting Services | - | - | - | 0.05% | |
| Consumer Discretionary | 11.09% | - | - | - | |
| Consumer Products & Services | - | 3.17% | - | - | |
| Personal Goods | - | - | 1.72% | - | |
| Clothing & Accessories | - | - | - | 0.90% | |
| Cosmetics | - | - | - | 0.44% | |
| Luxury Items | - | - | - | 0.22% | |
| Footwear | - | - | - | 0.16% | |
| Leisure Goods | - | - | 0.75% | - | |
| Consumer Electronics | - | - | - | 0.42% | |
| Electronic Entertainment | - | - | - | 0.26% | |
| Recreational Vehicles & Boats | - | - | - | 0.04% | |
| Recreational Products | - | - | - | 0.03% | |
| Household Goods & Home Construction | - | - | 0.58% | - | |
| Household Appliance | - | - | - | 0.42% | |
| Home Construction | - | - | - | 0.14% | |
| Household Equipment & Products | - | - | - | 0.02% | |
| Consumer Services | - | - | 0.12% | - | |
| Consumer Services: Misc. | - | - | - | 0.07% | |
| Education Services | - | - | - | 0.03% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.01% | |
| Vending & Catering Service | - | - | - | 0.00% | |
| Automobiles & Parts | - | 3.17% | - | - | |
| Automobiles & Parts | - | - | 3.17% | - | |
| Automobiles | - | - | - | 2.73% | |
| Auto Parts | - | - | - | 0.33% | |
| Tires | - | - | - | 0.11% | |
| Retail | - | 2.84% | - | - | |
| Retailers | - | - | 2.84% | - | |
| Diversified Retailers | - | - | - | 1.64% | |
| Apparel Retailers | - | - | - | 0.69% | |
| Specialty Retailers | - | - | - | 0.35% | |
| Home Improvement Retailers | - | - | - | 0.16% | |
| Travel & Leisure | - | 1.28% | - | - | |
| Travel & Leisure | - | - | 1.28% | - | |
| Restaurants & Bars | - | - | - | 0.74% | |
| Hotels & Motels | - | - | - | 0.15% | |
| Airlines | - | - | - | 0.15% | |
| Recreational Services | - | - | - | 0.14% | |
| Travel & Tourism | - | - | - | 0.11% | |
| Media | - | 0.62% | - | - | |
| Media | - | - | 0.62% | - | |
| Entertainment | - | - | - | 0.26% | |
| Media Agencies | - | - | - | 0.18% | |
| Publishing | - | - | - | 0.16% | |
| Radio & TV Broadcasters | - | - | - | 0.02% | |
| Cash and Equivalents | 9.48% | - | - | - | |
| Health Care | 8.20% | - | - | - | |
| Health Care | - | 8.20% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.67% | - | |
| Pharmaceuticals | - | - | - | 5.17% | |
| Biotechnology | - | - | - | 0.51% | |
| Medical Equipment & Services | - | - | 1.98% | - | |
| Medical Equipment | - | - | - | 1.49% | |
| Medical Supplies | - | - | - | 0.48% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.54% | - | |
| Health Care Management Services | - | - | - | 0.40% | |
| Health Care Facilities | - | - | - | 0.14% | |
| Health Care Services | - | - | - | 0.00% | |
| Telecommunications | 4.80% | - | - | - | |
| Telecommunications | - | 4.80% | - | - | |
| Telecommunications Equipment | - | - | 2.93% | - | |
| Telecommunications Equipment | - | - | - | 2.93% | |
| Telecommunications Service Providers | - | - | 1.87% | - | |
| Telecommunications Services | - | - | - | 1.85% | |
| Cable Television Services | - | - | - | 0.02% | |
| Consumer Staples | 4.55% | - | - | - | |
| Food, Beverage & Tobacco | - | 3.01% | - | - | |
| Food Producers | - | - | 1.66% | - | |
| Food Products | - | - | - | 1.62% | |
| Fruit & Grain Processing | - | - | - | 0.03% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Beverages | - | - | 1.36% | - | |
| Soft Drinks | - | - | - | 0.73% | |
| Brewers | - | - | - | 0.48% | |
| Distillers & Vintners | - | - | - | 0.15% | |
| Personal Care, Drug & Grocery Stores | - | 1.53% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.53% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.86% | |
| Personal Products | - | - | - | 0.48% | |
| Drug Retailers | - | - | - | 0.19% | |
| Nondurable Household Products | - | - | - | 0.01% | |
| Basic Materials | 4.17% | - | - | - | |
| Basic Resources | - | 2.49% | - | - | |
| Industrial Metals & Mining | - | - | 1.99% | - | |
| General Mining | - | - | - | 1.20% | |
| Iron & Steel | - | - | - | 0.54% | |
| Aluminum | - | - | - | 0.13% | |
| Copper | - | - | - | 0.06% | |
| Nonferrous Metals | - | - | - | 0.05% | |
| Metal Fabricating | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.28% | - | |
| Paper | - | - | - | 0.17% | |
| Diversified Materials | - | - | - | 0.05% | |
| Forestry | - | - | - | 0.04% | |
| Textile Products | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.22% | - | |
| Gold Mining | - | - | - | 0.20% | |
| Platinum & Precious Metals | - | - | - | 0.02% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Chemicals | - | 1.69% | - | - | |
| Chemicals | - | - | 1.69% | - | |
| Chemicals: Diversified | - | - | - | 0.98% | |
| Specialty Chemicals | - | - | - | 0.52% | |
| Fertilizers | - | - | - | 0.11% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.07% | |
| Energy | 3.15% | - | - | - | |
| Energy | - | 3.15% | - | - | |
| Non-Renewable Energy | - | - | 2.99% | - | |
| Integrated Oil & Gas | - | - | - | 1.09% | |
| Oil: Crude Producers | - | - | - | 0.80% | |
| Oil Refining and Marketing | - | - | - | 0.78% | |
| Pipelines | - | - | - | 0.23% | |
| Oil Equipment & Services | - | - | - | 0.09% | |
| Renewable Energy | - | - | 0.16% | - | |
| Renewable Energy Equipment | - | - | - | 0.16% | |
| Utilities | 2.75% | - | - | - | |
| Utilities | - | 2.75% | - | - | |
| Electricity | - | - | 1.86% | - | |
| Conventional Electricity | - | - | - | 1.36% | |
| Alternative Electricity | - | - | - | 0.50% | |
| Gas, Water & Multi-utilities | - | - | 0.72% | - | |
| Multi-Utilities | - | - | - | 0.46% | |
| Gas Distribution | - | - | - | 0.25% | |
| Water | - | - | - | 0.00% | |
| Waste & Disposal Services | - | - | 0.18% | - | |
| Waste & Disposal Services | - | - | - | 0.18% | |
| Real Estate | 2.42% | - | - | - | |
| Real Estate | - | 2.42% | - | - | |
| Real Estate Investment Trusts | - | - | 1.35% | - | |
| Diversified REITs | - | - | - | 0.31% | |
| Retail REITs | - | - | - | 0.28% | |
| Residential REITs | - | - | - | 0.23% | |
| Office REITs | - | - | - | 0.18% | |
| Industrial REITs | - | - | - | 0.16% | |
| Timber REITs | - | - | - | 0.10% | |
| Health Care REITs | - | - | - | 0.05% | |
| Other Specialty REITs | - | - | - | 0.02% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Real Estate Investment & Services | - | - | 1.07% | - | |
| Real Estate Holding and Development | - | - | - | 0.86% | |
| Real Estate Services | - | - | - | 0.21% | |
| Non-Classified | 1.52% | - | - | - | |
| Non-Classified | - | 0.19% | - | - | |
| Non-Classified | - | - | 0.19% | - | |
| Non-Classified | - | - | - | 0.19% | |
| Bonds | 0.22% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 22.21% | |
| Developed Europe - Excl UK | 20.86% | |
| Emerging Asia | 19.91% | |
| Japan | 11.18% | |
| Cash and Equivalents | 9.48% | |
| Australia & New Zealand | 7.49% | |
| Developed Asia | 3.78% | |
| Non-Classified | 2.05% | |
| Property | 1.04% | |
| Other Regions | 1.99% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 90.30% | |
| Cash | 9.48% | |
| Euro | 0.13% | |
| US Dollar | 0.05% | |
| Swedish Krona | 0.02% | |
| Swiss Franc | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 22.21% | - | |
United States
|
- | 19.77% | |
Canada
|
- | 2.43% | |
| Developed Europe - Excl UK | 20.86% | - | |
France
|
- | 4.47% | |
Switzerland
|
- | 3.81% | |
Germany
|
- | 3.15% | |
Netherlands
|
- | 2.14% | |
Denmark
|
- | 1.50% | |
Sweden
|
- | 1.36% | |
Spain
|
- | 1.16% | |
Ireland
|
- | 1.01% | |
Italy
|
- | 0.88% | |
Finland
|
- | 0.45% | |
Belgium
|
- | 0.42% | |
Norway
|
- | 0.35% | |
Portugal
|
- | 0.12% | |
Austria
|
- | 0.03% | |
Luxembourg
|
- | 0.02% | |
| Emerging Asia | 19.91% | - | |
Taiwan
|
- | 8.43% | |
South Korea
|
- | 6.38% | |
India
|
- | 1.66% | |
China
|
- | 1.62% | |
Malaysia
|
- | 0.81% | |
Thailand
|
- | 0.77% | |
Indonesia
|
- | 0.17% | |
Philippines
|
- | 0.07% | |
| Japan | 11.18% | - | |
Japan
|
- | 11.18% | |
| Cash and Equivalents | 9.48% | - | |
| Australia & New Zealand | 7.49% | - | |
Australia
|
- | 6.83% | |
New Zealand
|
- | 0.61% | |
New Caledonia
|
- | 0.05% | |
| Developed Asia | 3.78% | - | |
Hong Kong
|
- | 2.44% | |
Singapore
|
- | 1.34% | |
| Non-Classified | 2.05% | - | |
| Property | 1.04% | - | |
| South & Central America | 0.90% | - | |
Brazil
|
- | 0.56% | |
Mexico
|
- | 0.26% | |
Chile
|
- | 0.05% | |
Colombia
|
- | 0.03% | |
Peru
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Emerging Europe | 0.61% | - | |
Turkey
|
- | 0.23% | |
Greece
|
- | 0.15% | |
Poland
|
- | 0.13% | |
Hungary
|
- | 0.08% | |
Czech Republic
|
- | 0.02% | |
Russian Federation
|
- | 0.00% | |
| Middle East & Africa | 0.48% | - | |
South Africa
|
- | 0.24% | |
United Arab Emirates
|
- | 0.23% | |
Saudi Arabia
|
- | 0.01% | |
| UK | 0.01% | - | |
United Kingdom
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Mega |
|
56.01% |
| Large |
|
22.36% |
| Medium |
|
5.04% |
| Small |
|
0.17% |
| Non-Classified |
|
6.71% |
| Bonds |
|
0.22% |
| Cash |
|
9.48% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.25% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 2.03% | Telecommunications Equipment | South Korea |
| 3 | MICROSOFT CORPORATION | 1.60% | Software & Computer Services | United States |
| 4 | APPLE | 1.31% | Technology Hardware & Equipment | United States |
| 5 | NVIDIA CORP | 0.97% | Technology Hardware & Equipment | United States |
| 6 | ASML HOLDING N.V. | 0.95% | Technology Hardware & Equipment | Netherlands |
| 7 | NOVO NORDISK A/S | 0.92% | Pharmaceuticals & Biotechnology | Denmark |
| 8 | NESTLE S.A. | 0.81% | Food Producers | Switzerland |
| 9 | TOYOTA MOTOR CORPORATION | 0.79% | Automobiles & Parts | Japan |
| 10 | AMAZON.COM | 0.77% | Retailers | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 19.18% | - | - | - | - | - | - | 19.18% |
| Telecommunications | - | 4.80% | - | 0.13% | - | - | - | - | 4.93% |
| Financials | - | 16.34% | - | 0.04% | - | - | - | - | 16.38% |
| Real Estate | - | 1.37% | - | - | - | 1.05% | 0.01% | - | 2.42% |
| Consumer Discretionary | - | 11.09% | - | 0.05% | - | - | - | - | 11.14% |
| Consumer Staples | - | 4.55% | - | - | - | - | - | - | 4.55% |
| Energy | - | 3.15% | - | - | - | - | - | - | 3.15% |
| Utilities | - | 2.75% | - | - | - | - | - | - | 2.75% |
| Health Care | - | 8.20% | - | - | - | - | - | - | 8.20% |
| Industrials | - | 12.14% | - | - | - | - | - | - | 12.14% |
| Basic Materials | 0.01% | 4.16% | - | - | - | - | 0.02% | - | 4.20% |
| Cash and Equivalents | - | - | - | - | - | - | - | 9.48% | 9.48% |
| Non-Classified | - | 0.08% | - | - | - | - | 1.41% | - | 1.49% |
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 | 3169395 |
| Mex Code | PUOEU |
| Isin Code | GB0031693954 |
| Citi Code | P281 |
Fund Charges
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Overseas Equity Index Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their Indices in order to meet their investment objectives; in addition, the Sub-Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Sub-Investment Manager's ESG research framework and underweighting the securities which score less well. Derivative instruments may be used for efficient portfolio management. Performance Objective: To provide a return that is in line with that of the benchmark. |
| Benchmark | Mix of FTSE and MSCI Regional Indices |
| ABI Sector | Global Equities |
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.
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.
You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.
Medium to Higher Risk
These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.
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Important Information
This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 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 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information 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.