PIA Deferred Distribution EUR 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 -0.7% 2.3% 5.8% -0.4% 4.4%
Sector 4.9% 4.2% 4.2% -6.3% 6.0%
Rank 227/239 157/248 93/265 15/271 192/280
Quartile 4 3 2 1 3

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 3.2% 2.2% 2.7%
Sector 1.1% 2.5% 2.8%
Rank 54/265 117/239 82/169
Quartile 1 2 2

Top 10 Holdings

Stock % Weight
M&G Feeder of Property Portfolio Class A GBP 14.66
GERMANY (FEDERAL REPUBLIC OF) 1.5% 15/05/2024 1.79
GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 1.76
SIEMENS AKTIENGESELLSCHAFT 1.70
NOVO NORDISK A/S 1.62
ROCHE HLDG AG 1.57
TOTAL SE 1.55
SAP SE 1.26
UBS GROUP AG 1.17
SANOFI 1.10
Total 28.17

Fund Aims

Objective: The fund aims to deliver capital growth together with reinvested income over the longer term.

Fund Investments: The fund primarily invests in European equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro.

Fund Manager

M&G Treasury & Investment Office manager for 18 years and 5 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) 1.57
Offer (27/03/2024) 1.65
Fund size (29/02/2024) €0.58m
Number of holdings 872
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.36%
Yearly Total 1.66%

Asset Allocation

pie chart
  International Equities 44.52%
  International Bonds 36.10%
  Property 14.70%
  Alternative Trading Strategies 1.79%
  UK Corporate Bonds 1.62%
  UK Equities 0.00%
  Cash and Equivalents -1.00%
  Other Assets 2.26%
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 44.52%
  International Bonds 36.10%
  Property 14.70%
  Alternative Trading Strategies 1.79%
  UK Corporate Bonds 1.62%
  UK Equities 0.00%
  Cash and Equivalents -1.00%
  Other Assets 2.26%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 37.73% - - -
 
Non-Classified 16.92% - - -
 
Non-Classified - 0.37% - -
 
Non-Classified - - 0.37% -
 
Non-Classified - - - 0.37%
 
Financials 8.79% - - -
 
Banks - 4.87% - -
 
Banks - - 4.87% -
 
Banks - - - 4.87%
 
Insurance - 2.36% - -
 
Non-life Insurance - - 2.08% -
 
Full Line Insurance - - - 1.35%
 
Reinsurance - - - 0.72%
 
Property & Casualty Insurance - - - 0.00%
 
Life Insurance - - 0.28% -
 
Life Insurance - - - 0.28%
 
Financial Services - 1.56% - -
 
Investment Banking & Brokerage Services - - 1.56% -
 
Asset Managers & Custodians - - - 1.17%
 
Diversified Financial Services - - - 0.28%
 
Investment Services - - - 0.10%
 
Industrials 8.15% - - -
 
Industrial Goods & Services - 6.36% - -
 
General Industrials - - 1.72% -
 
Diversified Industrials - - - 1.70%
 
Containers & Packaging - - - 0.01%
 
Glass - - - 0.01%
 
Industrial Transportation - - 1.43% -
 
Commercial Vehicles & Parts - - - 0.60%
 
Railroads - - - 0.45%
 
Marine Transportation - - - 0.23%
 
Transportation Services - - - 0.10%
 
Delivery Services - - - 0.05%
 
Industrial Support Services - - 1.07% -
 
Security Services - - - 0.80%
 
Industrial Suppliers - - - 0.20%
 
Transaction Processing Services - - - 0.05%
 
Business Training & Employment Agencies - - - 0.01%
 
Professional Business Support Services - - - 0.01%
 
Electronic & Electrical Equipment - - 0.98% -
 
Electrical Components - - - 0.98%
 
Aerospace & Defence - - 0.79% -
 
Defense - - - 0.75%
 
Aerospace - - - 0.04%
 
Industrial Engineering - - 0.37% -
 
Machinery: Construction & Handling - - - 0.22%
 
Machinery: Engines - - - 0.08%
 
Machinery: Tools - - - 0.07%
 
Machinery: Industrial - - - 0.00%
 
Construction & Materials - 1.79% - -
 
Construction & Materials - - 1.79% -
 
Building Materials: Other - - - 0.94%
 
Cement - - - 0.62%
 
Construction - - - 0.14%
 
Building, Roofing/Wallboard & Plumbing - - - 0.08%
 
Building: Climate Control - - - 0.02%
 
Health Care 7.38% - - -
 
Health Care - 7.38% - -
 
Pharmaceuticals & Biotechnology - - 6.87% -
 
Pharmaceuticals - - - 6.72%
 
Biotechnology - - - 0.15%
 
Medical Equipment & Services - - 0.50% -
 
Medical Equipment - - - 0.37%
 
Medical Supplies - - - 0.13%
 
Health Care Providers - - 0.00% -
 
Health Care Services - - - 0.00%
 
Consumer Discretionary 5.54% - - -
 
Automobiles & Parts - 1.80% - -
 
Automobiles & Parts - - 1.80% -
 
Automobiles - - - 1.32%
 
Tires - - - 0.46%
 
Auto Parts - - - 0.01%
 
Retail - 1.56% - -
 
Retailers - - 1.56% -
 
Apparel Retailers - - - 0.84%
 
Specialty Retailers - - - 0.71%
 
Diversified Retailers - - - 0.01%
 
Consumer Products & Services - 1.11% - -
 
Personal Goods - - 1.04% -
 
Clothing & Accessories - - - 0.57%
 
Cosmetics - - - 0.27%
 
Luxury Items - - - 0.12%
 
Footwear - - - 0.08%
 
Household Goods & Home Construction - - 0.07% -
 
Household Appliance - - - 0.05%
 
Household Equipment & Products - - - 0.01%
 
Leisure Goods - - 0.01% -
 
Electronic Entertainment - - - 0.01%
 
Media - 0.72% - -
 
Media - - 0.72% -
 
Radio & TV Broadcasters - - - 0.56%
 
Publishing - - - 0.11%
 
Media Agencies - - - 0.05%
 
Travel & Leisure - 0.35% - -
 
Travel & Leisure - - 0.35% -
 
Airlines - - - 0.31%
 
Restaurants & Bars - - - 0.04%
 
Hotels & Motels - - - 0.00%
 
Consumer Staples 3.19% - - -
 
Personal Care, Drug & Grocery Stores - 1.82% - -
 
Personal Care, Drug & Grocery Stores - - 1.82% -
 
Food Retailers & Wholesalers - - - 1.82%
 
Food, Beverage & Tobacco - 1.37% - -
 
Food Producers - - 1.14% -
 
Food Products - - - 1.14%
 
Beverages - - 0.23% -
 
Brewers - - - 0.15%
 
Distillers & Vintners - - - 0.08%
 
Energy 2.86% - - -
 
Energy - 2.86% - -
 
Non-Renewable Energy - - 2.76% -
 
Integrated Oil & Gas - - - 2.05%
 
Oil Equipment & Services - - - 0.67%
 
Oil Refining and Marketing - - - 0.04%
 
Renewable Energy - - 0.10% -
 
Renewable Energy Equipment - - - 0.10%
 
Basic Materials 2.85% - - -
 
Basic Resources - 1.87% - -
 
Industrial Metals & Mining - - 1.20% -
 
Iron & Steel - - - 1.15%
 
Aluminum - - - 0.03%
 
General Mining - - - 0.02%
 
Industrial Materials - - 0.67% -
 
Paper - - - 0.64%
 
Forestry - - - 0.03%
 
Precious Metals & Mining - - 0.01% -
 
Gold Mining - - - 0.01%
 
Chemicals - 0.98% - -
 
Chemicals - - 0.98% -
 
Chemicals: Diversified - - - 0.54%
 
Fertilizers - - - 0.23%
 
Specialty Chemicals - - - 0.21%
 
Chemicals & Synthetic Fibers - - - 0.00%
 
Technology 2.61% - - -
 
Technology - 2.61% - -
 
Software & Computer Services - - 1.49% -
 
Software - - - 1.30%
 
Computer Services - - - 0.11%
 
Consumer Digital Services - - - 0.09%
 
Technology Hardware & Equipment - - 1.11% -
 
Production Technology Equipment - - - 0.63%
 
Semiconductors - - - 0.44%
 
Computer Hardware - - - 0.04%
 
Alternative Trading Strategies 1.79% - - -
 
Alternative Trading Strategies - 1.79% - -
 
Alternative Trading Strategies - - 1.79% -
 
Alternative Trading Strategies - - - 1.79%
 
Utilities 1.50% - - -
 
Utilities - 1.50% - -
 
Gas, Water & Multi-utilities - - 1.04% -
 
Multi-Utilities - - - 1.04%
 
Electricity - - 0.46% -
 
Conventional Electricity - - - 0.39%
 
Alternative Electricity - - - 0.07%
 
Telecommunications 1.27% - - -
 
Telecommunications - 1.27% - -
 
Telecommunications Service Providers - - 0.73% -
 
Telecommunications Services - - - 0.73%
 
Telecommunications Equipment - - 0.54% -
 
Telecommunications Equipment - - - 0.54%
 
Real Estate 0.43% - - -
 
Real Estate - 0.43% - -
 
Real Estate Investment & Services - - 0.37% -
 
Real Estate Holding and Development - - - 0.37%
 
Real Estate Investment Trusts - - 0.06% -
 
Retail REITs - - - 0.04%
 
Office REITs - - - 0.02%
 
Cash and Equivalents -1.00% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 71.00%
  Non-Classified 22.13%
  North America 4.98%
  UK 1.62%
  Australia & New Zealand 0.72%
  Japan 0.26%
  Emerging Europe 0.23%
  Property 0.04%
  Cash and Equivalents -1.00%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 63.27%
  Euro 36.93%
  US Dollar 0.77%
  Swedish Krona 0.01%
  Swiss Franc 0.01%
  Cash -1.00%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 71.00% -
 
Germany - 17.50%
 
France - 16.75%
 
Netherlands - 7.54%
 
Switzerland - 6.35%
 
Spain - 3.60%
 
Italy - 3.31%
 
Sweden - 2.73%
 
Luxembourg - 2.28%
 
Denmark - 2.17%
 
Belgium - 2.14%
 
Finland - 1.88%
 
Ireland - 1.64%
 
Norway - 1.43%
 
Austria - 1.08%
 
Iceland - 0.44%
 
Portugal - 0.16%
 
Non-Classified 22.13% -
 
North America 4.98% -
 
United States - 4.55%
 
Canada - 0.43%
 
UK 1.62% -
 
United Kingdom - 1.62%
 
Australia & New Zealand 0.72% -
 
Australia - 0.57%
 
New Zealand - 0.15%
 
Japan 0.26% -
 
Japan - 0.26%
 
Emerging Europe 0.23% -
 
Turkey - 0.11%
 
Poland - 0.05%
 
Greece - 0.04%
 
Hungary - 0.03%
 
Czech Republic - 0.01%
 
Property 0.04% -
 
Cash and Equivalents -1.00% -

Breakdown By Market Cap (%)

Mega
 
 
27.02%
Large
 
 
10.08%
Medium
 
 
3.70%
Small
 
 
0.72%
Micro
 
 
0.17%
Non-Classified
 
 
21.58%
Bonds
 
 
37.73%
Cash
 
-1.00%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
16.95%
5Yr - 10Yr Maturity
 
 
17.29%
10Yr - 15Yr Maturity
 
 
1.66%
> 15Yr Maturity
 
 
1.82%
Cash And Equivalents
 
-1.00%
Unknown Maturity
 
 
16.55%
Other Asset Types
 
 
46.72%

Fixed Interest Quality Profile

AAA
 
 
5.01%
AA
 
 
1.01%
A
 
 
4.29%
BBB
 
 
4.46%
Sub-Investment Grade
 
 
0.49%
Unknown Quality
 
 
22.46%
Cash and Equivalents
 
-1.00%
Other Asset Types
 
 
63.27%

Fund Holdings

Name % Weight Sector Country
1 M&G European Credit Investment Class A EUR 39.06% Managed Funds Managed Funds
2 M&G (LUX) FCP Europe ex UK Equity Fund Z3A Acc 32.22% Managed Funds Managed Funds
3 M&G Feeder of Property Portfolio Class A GBP 14.66% Managed Funds Managed Funds
4 M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z3A Acc 13.82% Managed Funds Managed Funds
5 PIA Euro Deposit EUR Ser B 0.01% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 M&G Feeder of Property Portfolio Class A GBP 14.66% Non-Classified Non-Classified
2 GERMANY (FEDERAL REPUBLIC OF) 1.5% 15/05/2024 1.79% Bonds Germany
3 GERMANY (FEDERAL REPUBLIC OF) 0.5% 15/02/2025 1.76% Bonds Germany
4 SIEMENS AKTIENGESELLSCHAFT 1.70% General Industrials Germany
5 NOVO NORDISK A/S 1.62% Pharmaceuticals & Biotechnology Denmark
6 ROCHE HLDG AG 1.57% Pharmaceuticals & Biotechnology Switzerland
7 TOTAL SE 1.55% Non-Renewable Energy France
8 SAP SE 1.26% Software & Computer Services Germany
9 UBS GROUP AG 1.17% Investment Banking & Brokerage Services Switzerland
10 SANOFI 1.10% Pharmaceuticals & Biotechnology France

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 B0MSSB8
Mex Code SBDFDT
Isin Code IE00B0MSSB80
Citi Code TJ80

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.36%
Yearly Total 1.66%

Aims and Benchmark

Aims Objective: The fund aims to deliver capital growth together with reinvested income over the longer term. Fund Investments: The fund primarily invests in European equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro.
Benchmark Variable
ABI Sector Mixed Investment 20-60% Shares

Ratings

FE Crown Crown Rating of 4

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.