Pru Life SWIP Multi-Manager Diversity S2
Performance
Discrete Performance - to last month end
| 30/04/12 to 30/04/13 | 30/04/11 to 30/04/12 | 30/04/10 to 30/04/11 | 30/04/09 to 30/04/10 | 30/04/08 to 30/04/09 | |
|---|---|---|---|---|---|
| Fund | 7.57% | -4.28% | 6.51% | 12.45% | - |
| Sector | 11.20% | 0.18% | 6.32% | 22.45% | -14.71% |
| Rank | 299/315 | 289/299 | 179/280 | 246/253 | - |
| Quartile | 4 | 4 | 3 | 4 | - |
Annualised Performance
| 3Y | 5Y | 10Y | |
|---|---|---|---|
| Fund | 3.13% | - | - |
| Sector | 5.80% | 4.34% | 5.23% |
| Rank | 269/280 | - | - |
| Quartile | 4 | - | - |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| PIMCO GIS Total Return Bond Class I Hedged | 9.32 |
| Muzinich Short Duration High Yield Hedged Class S | 5.22 |
| Schroder GAIA CQS Credit Class A | 5.16 |
| Insight Investment Funds Man Ltd Dublin Absolute Insight UK Equity Market Neutral Class B2p | 4.31 |
| RWC European Absolute Alpha Class B GBP | 2.30 |
| SWIP PROPERTY TST | 0.93 |
| Vodafone Group | 0.89 |
| GlaxoSmithKline | 0.89 |
| BP | 0.80 |
| Unilever | 0.74 |
| Total | 30.56 |
Fund Aims
The investment strategy of the fund is to purchase units in the SWIP Multi-Manager Diversity Fund. That fund aims to achieve long-term capital growth in excess of inflation through investment in a portfolio, predominantly comprising collective investment schemes, which gives exposure to a wide range of asset classes and geographic regions.
Fund Manager
Simon joined SWIP in December from Cazenove where from 2001 he was co-manager of the Multi-Manager Funds for Cazenove and Head of Research for Multi-Manager. Simon previously worked at AXA Investment Managers as the Head of the Discretionary Management Service with responsibility for both asset allocation and fund selection. He has over 20 year’s investment experience. He is AA rated by Citywire.
Mark Harries joined SWIP in December 2007 from Cazenove where he was Director and Head of Multi-Manager, responsible for managing the Cazenove and M&G Multi-manager Funds. Mark was previously a Vice President and Head of Asset Management at Prudential Bache International Bank. Mark is a Fellow of the Securities Institute and an Associate of the Chartered Institute of Bankers.
Fund Overview
| Bid (24/05/2013) | 120.20 |
| Offer (24/05/2013) | 126.50 |
| Fund size | £1.05m |
| Underlying Fund size | £72.80m |
| Number of holdings | 18 |
| Annual management charge | 1.50% |
| Launch date | 20/10/2008 |
Equity Sector Allocation
| FTSE/ICB Supersector | % Weight |
|---|---|
| Bonds | 21.93 |
| Cash and Equivalents | 14.34 |
| Alternative Trading Strategies | 11.77 |
| Financial Services | 10.07 |
| Government | 6.35 |
| Investment Grade Corp Bonds | 4.66 |
| Health Care | 3.93 |
| Industrial Goods & Services | 3.53 |
| Personal & Household Goods | 3.48 |
| Other | 19.95 |
Important Information
Source of portfolio data: FundsLibrary. Source of performance data: Financial Express. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price. Performance figures show total return with net income reinvested in GBP. The value of your investment may go down as well as up and your fund value may be less than the payments you have made. This data is for information purposes only. If there is information or teminology 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 Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from it's usage. The registered office of Prudential is at Laurence Pountney Hill, London EC4R 0HH. Registered number 15454. The registered office of Prudential is at Laurence Pountney Hill, London EC4R 0HH. Registered number 15454.
Fund and X-Ray Asset Allocation
| International Bonds | 27.42% | |
| UK Equities | 15.88% | |
| Cash and Equivalents | 14.34% | |
| Alternative Trading Strategies | 11.77% | |
| International Equities | 11.56% | |
| Investment Trusts | 9.22% | |
| Other | 9.81% |
| Managed Funds | 77.97% | |
| Cash and Equivalents | 12.83% | |
| Investment Trusts | 9.19% |
X-Ray Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Basic Materials | 0.13% | - | - | - | |
| Chemicals | - | 0.11% | - | - | |
| Chemicals | - | - | 0.11% | - | |
| Specialty Chemicals | - | - | - | 0.11% | |
| Basic Resources | - | 0.02% | - | - | |
| Forestry & Paper | - | - | 0.01% | - | |
| Paper | - | - | - | 0.01% | |
| Industrial Metals & Mining | - | - | 0.01% | - | |
| Iron & Steel | - | - | - | 0.01% | |
| Mining | - | - | 0.00% | - | |
| General Mining | - | - | - | 0.00% | |
| Consumer Goods | 0.27% | - | - | - | |
| Automobiles & Parts | - | 0.14% | - | - | |
| Automobiles & Parts | - | - | 0.14% | - | |
| Auto Parts | - | - | - | 0.11% | |
| Tyres | - | - | - | 0.03% | |
| Automobiles | - | - | - | 0.01% | |
| Personal & Household Goods | - | 0.09% | - | - | |
| Household Goods & Home Construction | - | - | 0.08% | - | |
| Nondurable Household Products | - | - | - | 0.08% | |
| Furnishings | - | - | - | 0.00% | |
| Tobacco | - | - | 0.01% | - | |
| Tobacco | - | - | - | 0.01% | |
| Food & Beverage | - | 0.04% | - | - | |
| Food Producers | - | - | 0.03% | - | |
| Food Products | - | - | - | 0.03% | |
| Beverages | - | - | 0.01% | - | |
| Distillers & Vintners | - | - | - | 0.01% | |
| Brewers | - | - | - | 0.00% | |
| Consumer Services | 0.48% | - | - | - | |
| Media | - | 0.23% | - | - | |
| Media | - | - | 0.23% | - | |
| Broadcasting & Entertainment | - | - | - | 0.21% | |
| Publishing | - | - | - | 0.01% | |
| Retail | - | 0.18% | - | - | |
| Food & Drug Retailers | - | - | 0.14% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.14% | |
| General Retailers | - | - | 0.04% | - | |
| Broadline Retailers | - | - | - | 0.02% | |
| Specialized Consumer Services | - | - | - | 0.01% | |
| Apparel Retailers | - | - | - | 0.01% | |
| Specialty Retailers | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.08% | - | - | |
| Travel & Leisure | - | - | 0.08% | - | |
| Restaurants & Bars | - | - | - | 0.05% | |
| Travel & Tourism | - | - | - | 0.01% | |
| Hotels | - | - | - | 0.01% | |
| Airlines | - | - | - | 0.00% | |
| Gambling | - | - | - | 0.00% | |
| Recreational Services | - | - | - | 0.00% | |
| Financials | 12.03% | - | - | - | |
| Financial Services | - | 9.61% | - | - | |
| Financial Services | - | - | 0.38% | - | |
| Specialty Finance | - | - | - | 0.25% | |
| Investment Services | - | - | - | 0.07% | |
| Mortgage Finance | - | - | - | 0.05% | |
| Asset Managers | - | - | - | 0.01% | |
| Consumer Finance | - | - | - | 0.01% | |
| Banks | - | 1.37% | - | - | |
| Banks | - | - | 1.37% | - | |
| Banks | - | - | - | 1.37% | |
| Insurance | - | 0.72% | - | - | |
| Nonlife Insurance | - | - | 0.65% | - | |
| Full Line Insurance | - | - | - | 0.51% | |
| Reinsurance | - | - | - | 0.07% | |
| Insurance Brokers | - | - | - | 0.06% | |
| Life Insurance | - | - | 0.07% | - | |
| Life Insurance | - | - | - | 0.07% | |
| Real Estate | - | 0.33% | - | - | |
| Real Estate Investment Trusts | - | - | 0.27% | - | |
| Industrial & Office REITs | - | - | - | 0.15% | |
| Retail REITs | - | - | - | 0.12% | |
| Real Estate Investment & Services | - | - | 0.06% | - | |
| Real Estate Services | - | - | - | 0.06% | |
| Health Care | 0.01% | - | - | - | |
| Health Care | - | 0.01% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.01% | - | |
| Biotechnology | - | - | - | 0.01% | |
| Industrials | 0.44% | - | - | - | |
| Industrial Goods & Services | - | 0.44% | - | - | |
| Industrial Transportation | - | - | 0.28% | - | |
| Transportation Services | - | - | - | 0.17% | |
| Delivery Services | - | - | - | 0.07% | |
| Railroads | - | - | - | 0.03% | |
| General Industrials | - | - | 0.08% | - | |
| Diversified Industrials | - | - | - | 0.07% | |
| Containers & Packaging | - | - | - | 0.02% | |
| Support Services | - | - | 0.05% | - | |
| Business Support Services | - | - | - | 0.04% | |
| Waste & Disposal Services | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 0.02% | - | |
| Electrical Components & Equipment | - | - | - | 0.02% | |
| Aerospace & Defence | - | - | 0.01% | - | |
| Defence | - | - | - | 0.01% | |
| Aerospace | - | - | - | 0.01% | |
| Industrial Engineering | - | - | 0.00% | - | |
| Commercial Vehicles & Trucks | - | - | - | 0.00% | |
| Construction & Materials | - | 0.01% | - | - | |
| Construction & Materials | - | - | 0.01% | - | |
| Building Materials & Fixtures | - | - | - | 0.00% | |
| Heavy Construction | - | - | - | 0.00% | |
| Oil & Gas | 0.15% | - | - | - | |
| Oil & Gas | - | 0.15% | - | - | |
| Oil & Gas Producers | - | - | 0.14% | - | |
| Oil & Gas Exploration & Production | - | - | - | 0.11% | |
| Integrated Oil & Gas | - | - | - | 0.03% | |
| Oil Equipment, Services & Distribution | - | - | 0.01% | - | |
| Pipelines | - | - | - | 0.01% | |
| Oil Equipment & Services | - | - | - | 0.00% | |
| Telecommunications | 0.34% | - | - | - | |
| Telecommunications | - | 0.34% | - | - | |
| Fixed Line Telecommunications | - | - | 0.30% | - | |
| Fixed Line Telecommunications | - | - | - | 0.30% | |
| Mobile Telecommunications | - | - | 0.04% | - | |
| Mobile Telecommunications | - | - | - | 0.04% | |
| Utilities | 0.66% | - | - | - | |
| Utilities | - | 0.66% | - | - | |
| Electricity | - | - | 0.42% | - | |
| Conventional Electricity | - | - | - | 0.34% | |
| Alternative Electricity | - | - | - | 0.08% | |
| Gas, Water & Multiutilities | - | - | 0.24% | - | |
| Water | - | - | - | 0.12% | |
| Multiutilities | - | - | - | 0.07% | |
| Gas Distribution | - | - | - | 0.05% | |
| Equities | 27.44% | - | - | - | |
| Government | 6.33% | - | - | - | |
| Government | - | 6.33% | - | - | |
| Government | - | - | 6.33% | - | |
| Government | - | - | - | 6.33% | |
| Corporate Bonds | 1.72% | - | - | - | |
| Corporate Bonds | - | 1.72% | - | - | |
| Corporate Bonds | - | - | 1.72% | - | |
| Corporate Bonds | - | - | - | 1.72% | |
| Asset Backed securities | 0.01% | - | - | - | |
| Asset backed securities | - | 0.01% | - | - | |
| Asset backed securities | - | - | 0.01% | - | |
| Asset backed securities | - | - | - | 0.01% | |
| Mortgage Backed securities | 0.31% | - | - | - | |
| Mortgage backed securities | - | 0.31% | - | - | |
| Mortgage backed securities | - | - | 0.31% | - | |
| Mortgage backed securities | - | - | - | 0.31% | |
| Alternative Trading Strategies | 11.77% | - | - | - | |
| Alternative Trading Strategies | - | 11.77% | - | - | |
| Alternative Trading Strategies | - | - | 11.77% | - | |
| Alternative Trading Strategies | - | - | - | 11.77% | |
| Property | 0.93% | - | - | - | |
| Property | - | 0.93% | - | - | |
| Property | - | - | 0.93% | - | |
| Property | - | - | - | 0.93% | |
| Managed Funds | 0.00% | - | - | - | |
| Managed Funds | - | 0.00% | - | - | |
| Managed Funds | - | - | 0.00% | - | |
| Managed Funds | - | - | - | 0.00% | |
| Non-Classified | 22.64% | - | - | - | |
| Cash and Equivalents | 14.34% | - | - | - | |
X-Ray Regional and X-Ray Currency Allocation
| UK | 23.86% | |
| Managed Fund | 18.85% | |
| Cash and Equivalents | 14.34% | |
| North America | 13.11% | |
| Non-Classified | 10.07% | |
| Developed Europe - Excl UK | 9.09% | |
| Other | 10.69% |
| Non-debt | 50.30% | |
| Unrecognised | 14.74% | |
| Cash | 14.34% | |
| Pound Sterling | 9.39% | |
| US Dollar | 7.05% | |
| Euro | 3.80% | |
| Other | 0.38% |
X-Ray Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 23.86% | - | |
United Kingdom
|
- | 23.83% | |
| Managed Fund | 18.85% | - | |
| Cash and Equivalents | 14.34% | - | |
| North America | 13.11% | - | |
United States
|
- | 12.61% | |
Canada
|
- | 0.50% | |
| Non-Classified | 10.07% | - | |
| Developed Europe - Excl UK | 9.09% | - | |
Germany
|
- | 1.63% | |
France
|
- | 1.17% | |
Netherlands
|
- | 1.14% | |
Switzerland
|
- | 1.05% | |
Luxembourg
|
- | 0.93% | |
Italy
|
- | 0.84% | |
Sweden
|
- | 0.65% | |
Spain
|
- | 0.54% | |
Ireland
|
- | 0.47% | |
Finland
|
- | 0.23% | |
Norway
|
- | 0.20% | |
Denmark
|
- | 0.13% | |
Austria
|
- | 0.06% | |
Iceland
|
- | 0.03% | |
Belgium
|
- | 0.01% | |
Portugal
|
- | 0.00% | |
| Alternative Trading Strategies | 7.46% | - | |
| Property | 1.14% | - | |
| Australia & New Zealand | 0.55% | - | |
Australia
|
- | 0.55% | |
| Developed Asia | 0.44% | - | |
Hong Kong
|
- | 0.22% | |
Singapore
|
- | 0.21% | |
| South & Central America | 0.32% | - | |
Mexico
|
- | 0.12% | |
Brazil
|
- | 0.11% | |
Chile
|
- | 0.03% | |
Venezuela
|
- | 0.02% | |
Jamaica
|
- | 0.02% | |
Trinidad and Tobago
|
- | 0.01% | |
Peru
|
- | 0.01% | |
Cayman Islands
|
- | 0.00% | |
Colombia
|
- | 0.00% | |
| Middle East & Africa | 0.31% | - | |
South Africa
|
- | 0.23% | |
United Arab Emirates
|
- | 0.04% | |
Egypt
|
- | 0.02% | |
Israel
|
- | 0.01% | |
Morocco
|
- | 0.00% | |
| Emerging Asia | 0.21% | - | |
South Korea
|
- | 0.15% | |
China
|
- | 0.04% | |
Indonesia
|
- | 0.03% | |
| Japan | 0.15% | - | |
Japan
|
- | 0.15% | |
| Emerging Europe | 0.12% | - | |
Russian Federation
|
- | 0.05% | |
Czech Republic
|
- | 0.04% | |
Poland
|
- | 0.03% | |
Croatia
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
13.43% |
| Large |
|
7.60% |
| Medium |
|
4.73% |
| Small |
|
0.67% |
| Micro |
|
0.16% |
| Non-Classified |
|
23.71% |
| Bonds |
|
35.36% |
| Cash |
|
14.34% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
12.87% |
| 5Yr - 10Yr Maturity |
|
3.82% |
| 10Yr - 15Yr Maturity |
|
1.18% |
| > 15Yr Maturity |
|
2.74% |
| Cash And Equivalents |
|
14.34% |
| Unknown |
|
27.29% |
| Other |
|
37.75% |
Fixed Interest Quality Profile
| AAA |
|
3.22% |
| AA |
|
1.25% |
| A |
|
2.11% |
| BBB |
|
5.80% |
| BB |
|
2.22% |
| B |
|
1.15% |
| CCC |
|
0.24% |
| Other |
|
84.01% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | PIMCO GIS Total Return Bond Class I Hedged | 9.32% | Managed Funds | Managed Funds |
| 2 | BH Macro (GBP) | 9.19% | Financial Services | Non-Classified |
| 3 | Legal & General Dynamic Bond Trust I | 8.82% | Managed Funds | Managed Funds |
| 4 | J O Hambro CM UK Opportunities Class B | 7.44% | Managed Funds | Managed Funds |
| 5 | Muzinich Short Duration High Yield Hedged Class S | 5.22% | Managed Funds | Managed Funds |
| 6 | Schroder GAIA CQS Credit Class A | 5.16% | Managed Funds | Managed Funds |
| 7 | Fundsmith Equity Class I | 5.16% | Managed Funds | Managed Funds |
| 8 | Odey Opus Class R | 4.71% | Managed Funds | Managed Funds |
| 9 | M&G Optimal Income Class I | 4.53% | Managed Funds | Managed Funds |
| 10 | Veritas Global Equity Income Class D | 4.52% | Managed Funds | Managed Funds |
X-Ray Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | PIMCO GIS Total Return Bond Class I Hedged | 9.32% | Bonds | Managed Funds |
| 2 | Muzinich Short Duration High Yield Hedged Class S | 5.22% | Bonds | Managed Funds |
| 3 | Schroder GAIA CQS Credit Class A | 5.16% | Non-Classified | Alternative Trading Strategies |
| 4 | Insight Investment Funds Man Ltd Dublin Absolute Insight UK Equity Market Neutral Class B2p | 4.31% | Non-Classified | Alternative Trading Strategies |
| 5 | RWC European Absolute Alpha Class B GBP | 2.30% | Non-Classified | Alternative Trading Strategies |
| 6 | SWIP PROPERTY TST | 0.93% | Property | Direct Property and REITs |
| 7 | Vodafone Group | 0.89% | Telecommunications | United Kingdom |
| 8 | GlaxoSmithKline | 0.89% | Health Care | United Kingdom |
| 9 | BP | 0.80% | Oil & Gas | United Kingdom |
| 10 | Unilever | 0.74% | Food & Beverage | United Kingdom |
Important Information
The Industry Classification Benchmark is a joint product of FTSE International Limited and Dow Jones & Company, Inc and has been licensed for use. This data 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 Funds Library, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B3BW975 |
| Mex Code | PUSWMM |
| Isin Code | GB00B3BW9759 |
| Citi Code | D9I0 |
Charges
| Annual management charge | 1.50% |
Aims and Benchmark
| Benchmark | CPI |
| ABI Sector | Mixed Investment 20-60% Shares |
| Aims | The investment strategy of the fund is to purchase units in the SWIP Multi-Manager Diversity Fund. That fund aims to achieve long-term capital growth in excess of inflation through investment in a portfolio, predominantly comprising collective investment schemes, which gives exposure to a wide range of asset classes and geographic regions. |
Fund Background
| Launch date | 20/10/2008 |
Ratings
| OBSR |  |
| FE Crown |  |
