Prudential Threadneedle Property S3

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Portfolio data accurate as at:

Performance

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Holdings

Stock % Weight
PROPERTY HOLDINGS 98.08
Total 98.08

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Threadneedle Pensions Property Fund - the underlying fund.

Underlying Fund Objective: The fund aims to invest primarily in direct UK commercial property. It aims to generate total returns (from income and capital appreciation) that are above its benchmark, over rolling 3 year periods.

Fund Manager

James Rigg manager of the underlying fund for 16 years and 5 months

Photo of James Rigg James Rigg joined Threadneedle in January 1995 as a director where he manages the Zurich Assurance Ltd AL Property Fund. He started his career in 1990 working for Jones Lang Wootton as a Chartered Surveyor and then moved to Nikko Securities in 1994 as a Stockbroker. James graduated from Exeter University with a BA (Hons) in Philosophy and also received a postgraduate diploma in Estate Management from Southbank University. James is also an associate member of the Royal Institution of Chartered Surveyors

Nathan Hargreaves manager of the underlying fund for 16 years and 5 months

Photo of Nathan Hargreaves Nathan Hargreaves joined Threadneedle in 2005 and is manager of the Threadneedle Pensions Property Fund, focusing on fund strategy and the sale and acquisition of property investment stock. Nathan has gained a broad range of property experience, starting off as a Building Surveyor, moving into the occupational agency, before specialising in commercial property investment. Nathan holds a degree in Building Surveying and a Diploma in Surveying from Reading University and is also a Member of the Royal Institution of Chartered Surveyors.

Fund Overview

Bid (19/01/2022) 220.00
Offer n/a
Fund size (31/12/2021) £0.17m
Underlying Fund size £1562.11m
Number of holdings 1
Launch date 20/02/2008

Fund Charges

Annual Management Charge (AMC) -
Further Costs 0.00%
Yearly Total -

Asset Allocation

pie chart
  Property 98.08%
  Cash and Equivalents 1.92%

Commentary

Performance as at Q4 2021 - Total returns for the UK property market continued to be positive, accelerated by a recovery in ‘All Property' capital values reflecting the increase in transactional volumes. As represented by the MSCI UK Monthly Property Index, the market generated total returns of 7.9% for Q4 2021, comprising an income return of 1.2% and capital growth of 6.6%. Capital values increased by 3.5% in December alone, representing one of the highest monthly increases in values for all commercial property since the index's inception. The growth is largely driven by the continued month-on-month performance in the industrial sector and the resurgence of retail warehousing, which has benefited from growing investor recognition given its resilience to e-commerce and relevance to future shopping habits. In Q4 2021, the industrial sector recorded significant capital value growth of 12.4%, while retail capital value growth grew to 4.1% (driven by the retail warehousing sub-sector recording a 7.0% gain). The office sector recorded capital growth at 1.6%. For the quarter, the fund generated a total return of 9.1%, significantly outperforming the MSCI/AREF UK ‘All Balanced' Property Fund index (the benchmark) weighted average total return of 7.5%. With the Bank of England base rate and the 'risk free' rate of 10-year gilts at such low levels, the commercial property market continues to assert its highly attractive relative income attributes. While expectations for a rise in interest rates place upward pressure on UK gilt yields (up from 0.2% at the start of 2021), property yield compression is unlikely to be tempered, as the current spread reflects a generous risk premium which should absorb modest interest rate rises over the short term. The UK property investment market performed exceptionally well in 2021 and is well placed to capitalise on positive macro socio-economic trends. The consequence of record yield compression may see assets becoming fully priced, in which case 2022 would see a greater focus on "value" as returns normalise to levels seen before the pandemic. Source: MSCI UK Monthly Property Index as at 31 December 2021.

Source: Threadneedle

Portfolio data accurate as at: 28/02/23

Important Information

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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).

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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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  Property 98.08%
  Cash and Equivalents 1.92%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Property 98.08% - - -
 
Property - 98.08% - -
 
Property - - 98.08% -
 
Property - - - 98.08%
 
Cash and Equivalents 1.92% - - -

Regional Allocation

pie chart
  Property 98.08%
  Cash and Equivalents 1.92%

Regional Breakdown

Expand allCollapse all
Region Country
 
Property 98.08% -
 
Cash and Equivalents 1.92% -

Property Regions

pie chart
  South East 25.22%
  London - Inner 16.71%
  London – Outer 10.81%
  North West 10.66%
  Yorkshire/Humberside 10.64%

Asset Allocation

pie chart
  Industrial/Warehouse 35.00%
  Town centre offices 18.20%
  Unit Shops 12.60%
  Retail Warehouse 12.30%
  Out of town offices 10.50%
  Miscellaneous 6.50%
  Other Assets 5.00%

Holdings

Stock % Weight Sector Country
1 PROPERTY HOLDINGS 98.08% Property Direct Property and REITs

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Property - - - - - 98.08% - - 98.08%
Cash and Equivalents - - - - - - - 1.92% 1.92%

Important Information

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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).

[No Data]

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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 B2PKMD5
Mex Code PUS3TP
Isin Code GB00B2PKMD53
Citi Code B8N5

Fund Charges

Annual Management Charge (AMC) -
Further Costs 0.00%
Yearly Total -

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Threadneedle Pensions Property Fund - the underlying fund. Underlying Fund Objective: The fund aims to invest primarily in direct UK commercial property. It aims to generate total returns (from income and capital appreciation) that are above its benchmark, over rolling 3 year periods.
Benchmark MSCI / AREF UK All Balanced Quarterly Property Fund
ABI Sector UK Direct Property

Important Information

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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).

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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.

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

Medium Risk

These funds may invest in multi-asset strategies with a higher weighting in equities (or with significant derivative use), while funds investing mainly in property, high yield or government bonds (such as UK Gilts) are also in this category.

Help

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

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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).

[No Data]

[No Data]

[No Data]

[No Data]

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.