WS Prudential Risk Managed Active 3 Class A Inc

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

Performance

Discrete performance - to last month end

31/05/19
to
31/05/20
31/05/20
to
31/05/21
31/05/21
to
31/05/22
31/05/22
to
31/05/23
31/05/23
to
31/05/24
Fund -1.2% 14.5% -2.6% -3.6% 7.2%
Benchmark 0.0% 13.1% -2.0% -3.0% 8.3%

Annualised performance

Annualised
3 Years to
31/05/24
5 Years to
31/05/24
10 Years to
31/05/24
Fund 0.2% 2.6% 3.5%
Benchmark 1.0% 3.1% 3.6%

Top 10 Holdings

Stock % Weight
L&G FREEHOLD PROPERTY 1.76
iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) 1.63
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.51
iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.48
ASTRAZENECA 0.45
HSBC HOLDINGS 0.39
SAMSUNG ELECTRONICS CO. LTD 0.37
SHELL 0.32
TENCENT HOLDINGS LIMITED 0.31
Segro Segro Ord GBP0.1 0.30
Total 6.52

Fund Aims

The Sub-fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 12%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 12%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.

Fund Manager

Philip Butler manager for 7 years and 7 months

Photo of Philip Butler Phil Butler, CFA, is Portfolio Manager at M&G, part of the Treasury and Investment Office (T&IO formerly PPMG). The Investment Office is the fiduciary manager of Prudential UK&E Assets managing the retail saving solutions, legacy annuity products, with-profits policies and unit-linked solutions of Prudential UK&E. Phil is the lead portfolio manager of the WS Prudential Risk Managed Active and Passive fund ranges, the recently launched PruFund Planet range, as well as the Groups Unit Linked business; managing over £7bn in assets. Phil provides cover on a wider £100bn+ of multi-asset funds, including RM PruFund. Phil joined the Investment Office in late 2011 to become a member of the Multi-Asset Portfolio Management Team and specialised in the management of the unitised multi-asset funds. Prior to this, Phil was part of M&Gs Investment graduate scheme rotating through various specialist investment teams in different asset classes across the company. Before M&G, he spent 13 months at the Bank of England as a research assistant whilst completing his Banking and International Finance BSc at Cass Business School. Phil is governed by M&G Investment Management under the FCA’s Certification Regime and is a CFA charterholder.

Fund Overview

Mid (14/06/2024) 164.12p
Historic yield 2.35%
Fund size (31/05/2024) £441.09m
Number of holdings 7325
Entry Charge 0.00%
Ongoing Charges 0.88%
Launch date 22/01/2010

Asset Allocation

pie chart
  International Bonds 24.64%
  International Equities 20.88%
  UK Equities 9.84%
  Alternative Trading Strategies 8.24%
  Money Market 7.52%
  Property 5.53%
  UK Corporate Bonds 5.36%
  Investment Trusts 2.55%
  Cash and Equivalents 1.19%
  Other Assets 14.24%

Commentary

May 2024 Investment Summary

May 2024 was a positive month for the Active range with returns ranging from +0.30% for Active 1 to +0.75% for Active 3.
P Acc share class with data sourced from FE analytics as at 31 May 2024.

May 2024 was a better month for portfolios generally compared to April 2024.

Most major equity markets rose in May as global stock market sentiment recovered from April’s falls, with the Nasdaq, S&P 500 and FTSE 100 moving to new all-time highs, led by better than expected inflation data, resilient corporate earnings and the revaluation of interest rate cuts. Developed markets outperformed emerging markets as Utilities and Financial Services led the sector-wise performance while Healthcare continued to lag.

Government bond prices were higher as the ten-year Treasury yield edged down to 4.51% from 4.69% over the month to May. Resilient economic data has whittled away hopes for imminent interest rate cuts, as investors continue to revise lower their expectations on the number of cuts from the Fed in 2024.

The US labour market government data beat expectations to show payrolls increased by 272,000 in May, while retail spending was unexpectedly flat, evidencing that the US labour market remains strong and dampening hopes of imminent interest rates cuts. US consumer confidence also unexpectedly improved in May, as households were more upbeat about the stock market although many are still concerned on the impact of inflation, and future business conditions, job availability and income. Unemployment data ticked up slightly to 4.0% surprising market expectations for it to remain unchanged at 3.9%.

Conflict in the Middle East continues as the US and France (and others) seek de-escalation between Israel and Lebanon’s Hizbollah which remains carefully balanced. The conflicts Impact remains limited on the global economy. Shipping companies continue to divert vessels to avoid the possibility of attack, Brent Crude prices closed at over $79/barrel from $83/barrel in May.

Central banks’ continue to keep monetary policy tight enough to drive inflation back towards the 2% target, there is growing evidence of a continued softening in prices. Central banks may be in a position to ease policy rates later this year, but employment activity and inflation data over the next few months will be critical to the evolution of their thinking. The US economy continues to look strong, but other regions, including the Eurozone, face more challenging conditions.

While recent central bank meetings have suggested the next move in interest rates will be downwards, officials have been cautious to confirm when these cuts will be implemented, with a careful eye on data to ensure a sustainable route back to the inflation target.

WS Prudential Risk Managed Active - Tactical asset allocation activity

*We maintain our 1.25% overweight to Equities, diversified across the US, Europe, Asia, GEM. This is funded from a small net fixed income and cash underweight.

Portfolio data accurate as at: 31/05/24

Important Information

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 ongoing charges, but take no account of product charges. Ongoing charges 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 income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 Bonds 24.64%
  International Equities 20.88%
  UK Equities 9.84%
  Alternative Trading Strategies 8.24%
  Money Market 7.52%
  Property 5.53%
  UK Corporate Bonds 5.36%
  Investment Trusts 2.55%
  Cash and Equivalents 1.19%
  Other Assets 14.24%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 30.55% - - -
 
Non-Classified 16.03% - - -
 
Non-Classified - 11.38% - -
 
Non-Classified - - 11.38% -
 
Non-Classified - - - 11.38%
 
Financials 8.85% - - -
 
Financial Services - 4.16% - -
 
Equity Investment Instruments - - 2.55% -
 
Equity Investment Instruments - - - 2.55%
 
Investment Banking & Brokerage Services - - 1.31% -
 
Asset Managers & Custodians - - - 0.74%
 
Investment Services - - - 0.45%
 
Diversified Financial Services - - - 0.13%
 
Finance & Credit Services - - 0.30% -
 
Financial Data & Systems - - - 0.16%
 
Consumer Lending - - - 0.07%
 
Mortgage Finance - - - 0.07%
 
Banks - 3.30% - -
 
Banks - - 3.30% -
 
Banks - - - 3.30%
 
Insurance - 1.39% - -
 
Life Insurance - - 0.71% -
 
Life Insurance - - - 0.71%
 
Non-life Insurance - - 0.67% -
 
Property & Casualty Insurance - - - 0.35%
 
Full Line Insurance - - - 0.18%
 
Reinsurance - - - 0.08%
 
Insurance Brokers - - - 0.07%
 
Cash and Equivalents 8.71% - - -
 
Alternative Trading Strategies 8.24% - - -
 
Alternative Trading Strategies - 8.24% - -
 
Alternative Trading Strategies - - 8.24% -
 
Alternative Trading Strategies - - - 8.24%
 
Industrials 5.10% - - -
 
Industrial Goods & Services - 4.73% - -
 
Industrial Transportation - - 1.10% -
 
Railroads - - - 0.43%
 
Marine Transportation - - - 0.22%
 
Transportation Services - - - 0.22%
 
Commercial Vehicle-Equipment Leasing - - - 0.08%
 
Commercial Vehicles & Parts - - - 0.06%
 
Delivery Services - - - 0.06%
 
Railroad Equipment - - - 0.02%
 
Trucking - - - 0.00%
 
Industrial Support Services - - 1.06% -
 
Professional Business Support Services - - - 0.37%
 
Industrial Suppliers - - - 0.33%
 
Transaction Processing Services - - - 0.18%
 
Business Training & Employment Agencies - - - 0.11%
 
Security Services - - - 0.07%
 
Forms & Bulk Printing Services - - - 0.00%
 
General Industrials - - 0.79% -
 
Diversified Industrials - - - 0.48%
 
Containers & Packaging - - - 0.28%
 
Glass - - - 0.02%
 
Paints & Coatings - - - 0.01%
 
Plastics - - - 0.00%
 
Electronic & Electrical Equipment - - 0.64% -
 
Electrical Components - - - 0.36%
 
Electronic Equipment: Control & Filter - - - 0.13%
 
Electronic Equipment: Gauges & Meters - - - 0.11%
 
Electronic Equipment: Pollution Control - - - 0.02%
 
Electronic Equipment: Other - - - 0.01%
 
Industrial Engineering - - 0.59% -
 
Machinery: Industrial - - - 0.20%
 
Machinery: Construction & Handling - - - 0.17%
 
Machinery: Engines - - - 0.10%
 
Machinery: Tools - - - 0.07%
 
Machinery: Specialty - - - 0.04%
 
Machinery: Agricultural - - - 0.01%
 
Aerospace & Defence - - 0.55% -
 
Defense - - - 0.31%
 
Aerospace - - - 0.23%
 
Construction & Materials - 0.38% - -
 
Construction & Materials - - 0.38% -
 
Building Materials: Other - - - 0.11%
 
Construction - - - 0.10%
 
Cement - - - 0.08%
 
Building: Climate Control - - - 0.05%
 
Engineering & Contracting Services - - - 0.02%
 
Building, Roofing/Wallboard & Plumbing - - - 0.01%
 
Consumer Discretionary 4.51% - - -
 
Consumer Products & Services - 1.17% - -
 
Household Goods & Home Construction - - 0.44% -
 
Home Construction - - - 0.35%
 
Household Appliance - - - 0.07%
 
Household Furnishings - - - 0.01%
 
Household Equipment & Products - - - 0.00%
 
Leisure Goods - - 0.26% -
 
Consumer Electronics - - - 0.11%
 
Electronic Entertainment - - - 0.07%
 
Recreational Vehicles & Boats - - - 0.03%
 
Photography - - - 0.03%
 
Toys - - - 0.02%
 
Recreational Products - - - 0.01%
 
Personal Goods - - 0.25% -
 
Clothing & Accessories - - - 0.13%
 
Luxury Items - - - 0.05%
 
Footwear - - - 0.04%
 
Cosmetics - - - 0.03%
 
Consumer Services - - 0.22% -
 
Vending & Catering Service - - - 0.16%
 
Consumer Services: Misc. - - - 0.05%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Retail - 1.14% - -
 
Retailers - - 1.14% -
 
Diversified Retailers - - - 0.70%
 
Specialty Retailers - - - 0.18%
 
Apparel Retailers - - - 0.13%
 
Home Improvement Retailers - - - 0.12%
 
Automobiles & Parts - 0.85% - -
 
Automobiles & Parts - - 0.85% -
 
Automobiles - - - 0.60%
 
Auto Parts - - - 0.22%
 
Tires - - - 0.03%
 
Travel & Leisure - 0.73% - -
 
Travel & Leisure - - 0.73% -
 
Hotels & Motels - - - 0.24%
 
Restaurants & Bars - - - 0.14%
 
Airlines - - - 0.13%
 
Casinos & Gambling - - - 0.11%
 
Travel & Tourism - - - 0.09%
 
Recreational Services - - - 0.02%
 
Media - 0.63% - -
 
Media - - 0.63% -
 
Publishing - - - 0.24%
 
Media Agencies - - - 0.21%
 
Radio & TV Broadcasters - - - 0.12%
 
Entertainment - - - 0.05%
 
Technology 3.41% - - -
 
Technology - 3.41% - -
 
Software & Computer Services - - 1.80% -
 
Consumer Digital Services - - - 0.93%
 
Software - - - 0.56%
 
Computer Services - - - 0.31%
 
Technology Hardware & Equipment - - 1.61% -
 
Semiconductors - - - 1.11%
 
Production Technology Equipment - - - 0.18%
 
Electronic Components - - - 0.16%
 
Computer Hardware - - - 0.16%
 
Electronic Office Equipment - - - 0.02%
 
Real Estate 2.23% - - -
 
Real Estate - 2.23% - -
 
Real Estate Investment Trusts - - 1.73% -
 
Diversified REITs - - - 0.48%
 
Industrial REITs - - - 0.37%
 
Residential REITs - - - 0.18%
 
Office REITs - - - 0.16%
 
Retail REITs - - - 0.13%
 
Storage REITs - - - 0.12%
 
Infrastructure REITs - - - 0.10%
 
Health Care REITs - - - 0.10%
 
Other Specialty REITs - - - 0.09%
 
Timber REITs - - - 0.02%
 
Hotel & Lodging REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.51% -
 
Real Estate Holding and Development - - - 0.33%
 
Real Estate Services - - - 0.17%
 
Property 2.17% - - -
 
Property - 2.17% - -
 
Property - - 2.17% -
 
Property - - - 2.17%
 
Health Care 2.14% - - -
 
Health Care - 2.14% - -
 
Pharmaceuticals & Biotechnology - - 1.67% -
 
Pharmaceuticals - - - 1.54%
 
Biotechnology - - - 0.14%
 
Medical Equipment & Services - - 0.32% -
 
Medical Equipment - - - 0.24%
 
Medical Supplies - - - 0.07%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.15% -
 
Health Care Management Services - - - 0.12%
 
Health Care Services - - - 0.02%
 
Health Care Facilities - - - 0.01%
 
Consumer Staples 2.03% - - -
 
Personal Care, Drug & Grocery Stores - 1.02% - -
 
Personal Care, Drug & Grocery Stores - - 1.02% -
 
Food Retailers & Wholesalers - - - 0.51%
 
Personal Products - - - 0.32%
 
Nondurable Household Products - - - 0.12%
 
Drug Retailers - - - 0.07%
 
Food, Beverage & Tobacco - 1.00% - -
 
Beverages - - 0.59% -
 
Distillers & Vintners - - - 0.28%
 
Soft Drinks - - - 0.23%
 
Brewers - - - 0.08%
 
Food Producers - - 0.41% -
 
Food Products - - - 0.40%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Fruit & Grain Processing - - - 0.00%
 
Energy 1.75% - - -
 
Energy - 1.75% - -
 
Non-Renewable Energy - - 1.71% -
 
Integrated Oil & Gas - - - 0.94%
 
Pipelines - - - 0.27%
 
Oil: Crude Producers - - - 0.25%
 
Oil Refining and Marketing - - - 0.12%
 
Oil Equipment & Services - - - 0.12%
 
Offshore Drilling & Other Services - - - 0.00%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.04% -
 
Renewable Energy Equipment - - - 0.04%
 
Alternative Fuels - - - 0.00%
 
Utilities 1.61% - - -
 
Utilities - 1.61% - -
 
Electricity - - 0.95% -
 
Conventional Electricity - - - 0.89%
 
Alternative Electricity - - - 0.06%
 
Gas, Water & Multi-utilities - - 0.64% -
 
Multi-Utilities - - - 0.46%
 
Water - - - 0.12%
 
Gas Distribution - - - 0.07%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Basic Materials 1.41% - - -
 
Basic Resources - 0.90% - -
 
Industrial Metals & Mining - - 0.71% -
 
General Mining - - - 0.44%
 
Iron & Steel - - - 0.16%
 
Copper - - - 0.07%
 
Metal Fabricating - - - 0.03%
 
Aluminum - - - 0.02%
 
Nonferrous Metals - - - 0.00%
 
Precious Metals & Mining - - 0.12% -
 
Gold Mining - - - 0.12%
 
Platinum & Precious Metals - - - 0.00%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.07% -
 
Paper - - - 0.05%
 
Diversified Materials - - - 0.02%
 
Textile Products - - - 0.00%
 
Chemicals - 0.50% - -
 
Chemicals - - 0.50% -
 
Chemicals: Diversified - - - 0.35%
 
Specialty Chemicals - - - 0.11%
 
Fertilizers - - - 0.03%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Telecommunications 1.23% - - -
 
Telecommunications - 1.23% - -
 
Telecommunications Equipment - - 0.64% -
 
Telecommunications Equipment - - - 0.64%
 
Telecommunications Service Providers - - 0.60% -
 
Telecommunications Services - - - 0.59%
 
Cable Television Services - - - 0.01%

Regional Allocation

pie chart
  North America 18.58%
  UK 15.75%
  Non-Classified 25.99%
  Developed Europe - Excl UK 11.41%
  Cash and Equivalents 8.71%
  Emerging Asia 6.07%
  Property 5.53%
  Japan 2.64%
  Developed Asia 1.69%
  Other Regions 3.63%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 68.26%
  US Dollar 12.71%
  Pound Sterling 12.44%
  Euro 3.93%
  Cash 1.19%
  Brazilian Real 0.13%
  Other Currencies 1.34%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 18.58% -
 
United States - 17.17%
 
Canada - 1.41%
 
UK 15.75% -
 
United Kingdom - 15.75%
 
Jersey - 0.00%
 
Non-Classified 25.99% -
 
Developed Europe - Excl UK 11.41% -
 
France - 2.85%
 
Germany - 2.11%
 
Netherlands - 1.41%
 
Luxembourg - 0.87%
 
Switzerland - 0.86%
 
Spain - 0.60%
 
Italy - 0.50%
 
Ireland - 0.50%
 
Sweden - 0.44%
 
Denmark - 0.39%
 
Belgium - 0.25%
 
Finland - 0.23%
 
Norway - 0.22%
 
Austria - 0.12%
 
Iceland - 0.03%
 
Portugal - 0.03%
 
Cash and Equivalents 8.71% -
 
Emerging Asia 6.07% -
 
China - 2.43%
 
South Korea - 1.06%
 
Taiwan - 0.74%
 
India - 0.61%
 
Indonesia - 0.39%
 
Philippines - 0.26%
 
Thailand - 0.17%
 
Malaysia - 0.17%
 
Uzbekistan - 0.06%
 
Viet Nam - 0.04%
 
Azerbaijan - 0.03%
 
Kazakhstan - 0.03%
 
Tajikistan - 0.02%
 
Georgia - 0.02%
 
Mongolia - 0.02%
 
Armenia - 0.02%
 
Sri Lanka - 0.01%
 
Papua New Guinea - 0.01%
 
Pakistan - 0.00%
 
Macau - 0.00%
 
Property 5.53% -
 
Japan 2.64% -
 
Japan - 2.64%
 
Developed Asia 1.69% -
 
Hong Kong - 1.18%
 
Singapore - 0.51%
 
South & Central America 1.54% -
 
Mexico - 0.54%
 
Brazil - 0.27%
 
Colombia - 0.18%
 
Peru - 0.08%
 
Dominican Republic - 0.08%
 
Uruguay - 0.07%
 
Argentina - 0.06%
 
Paraguay - 0.03%
 
Jamaica - 0.03%
 
Guatemala - 0.03%
 
Chile - 0.02%
 
Barbados - 0.02%
 
Honduras - 0.02%
 
Trinidad and Tobago - 0.02%
 
El Salvador - 0.01%
 
Ecuador - 0.01%
 
Suriname - 0.01%
 
Venezuela - 0.01%
 
Cayman Islands - 0.01%
 
Costa Rica - 0.01%
 
Panama - 0.00%
 
Bolivia - 0.00%
 
Australia & New Zealand 0.75% -
 
Australia - 0.72%
 
New Zealand - 0.02%
 
New Caledonia - 0.01%
 
Middle East & Africa 0.75% -
 
South Africa - 0.15%
 
United Arab Emirates - 0.09%
 
Israel - 0.09%
 
Egypt - 0.04%
 
Morocco - 0.04%
 
Qatar - 0.04%
 
Cote D'Ivoire - 0.03%
 
Oman - 0.03%
 
Nigeria - 0.03%
 
Kenya - 0.02%
 
Benin - 0.02%
 
Gabon - 0.02%
 
Jordan - 0.02%
 
Senegal - 0.02%
 
Angola - 0.02%
 
Cameroon - 0.02%
 
Mozambique - 0.02%
 
Rwanda - 0.02%
 
Zambia - 0.01%
 
Ghana - 0.01%
 
Iraq - 0.01%
 
Kuwait - 0.01%
 
Saudi Arabia - 0.00%
 
Emerging Europe 0.58% -
 
Poland - 0.13%
 
Romania - 0.10%
 
Turkey - 0.10%
 
Hungary - 0.09%
 
Greece - 0.06%
 
Serbia - 0.03%
 
Ukraine - 0.02%
 
Montenegro - 0.02%
 
Bosnia and Herzegowina - 0.01%
 
Albania - 0.01%
 
Macedonia, The Former Yugoslav Republic Of - 0.01%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
14.15%
Large
 
 
7.84%
Medium
 
 
6.29%
Small
 
 
1.82%
Micro
 
 
0.76%
Non-Classified
 
 
29.89%
Bonds
 
 
30.55%
Cash
 
 
8.71%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
14.01%
5Yr - 10Yr Maturity
 
 
9.36%
10Yr - 15Yr Maturity
 
 
2.29%
> 15Yr Maturity
 
 
4.89%
Cash And Equivalents
 
 
8.71%
Unknown Maturity
 
 
4.45%
Other Asset Types
 
 
56.29%

Fixed Interest Quality Profile

AAA
 
 
2.67%
AA
 
 
2.71%
A
 
 
6.93%
BBB
 
 
8.36%
Sub-Investment Grade
 
 
3.03%
Unknown Quality
 
 
6.87%
Cash and Equivalents
 
 
8.71%
Other Asset Types
 
 
60.74%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G (1) Sterling Investment Grade Corporate Bond Class Z2A GBP 13.13% Managed Funds Managed Funds
2 M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc 8.85% Managed Funds Managed Funds
3 Eastspring US Corporate Bond Class EG (hedged) 7.84% Managed Funds Managed Funds
4 M&G (LUX) FCP Asian Local CCY Bond Class ZI 6.63% Managed Funds Managed Funds
5 M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A 5.06% Managed Funds Managed Funds
6 M&G (ACS) BlackRock UK 200 Equity Fund Z4A Acc 4.00% Managed Funds Managed Funds
7 M&G Global High Yield Bond Class A GBP 3.94% Managed Funds Managed Funds
8 M&G Emerging Markets Bond Class PP GBP 3.38% Managed Funds Managed Funds
9 M&G (ACS) BlackRock UK All Share Equity OA 3.00% Managed Funds Managed Funds
10 M&G (ACS) UK Listed Equity Fund Z4A Acc 2.49% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 L&G FREEHOLD PROPERTY 1.76% Property Direct Property and REITs
2 iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) 1.63% Non-Classified Direct Property and REITs
3 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.51% Technology Hardware & Equipment Taiwan
4 iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.48% Non-Classified Direct Property and REITs
5 ASTRAZENECA 0.45% Pharmaceuticals & Biotechnology United Kingdom
6 HSBC HOLDINGS 0.39% Banks United Kingdom
7 SAMSUNG ELECTRONICS CO. LTD 0.37% Telecommunications Equipment South Korea
8 SHELL 0.32% Non-Renewable Energy United Kingdom
9 TENCENT HOLDINGS LIMITED 0.31% Software & Computer Services China
10 Segro Segro Ord GBP0.1 0.30% Real Estate Investment Trusts Direct Property and REITs

Important Information

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

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 B5595D4
Mex Code PUPRCG
Isin Code GB00B5595D43
Citi Code I4E7

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.88%

Aims and Benchmark

Aims The Sub-fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 12%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 12%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.
Benchmark IA Mixed Investment 20-60% shares
Benchmark Category Comparator
Sector IA Volatility Managed

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Annually
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 November 31 December

Ratings

FE Crown Crown Rating of 2

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
3.40% 3.90%

Fund Administration

Fund Trustee/Depository The Bank of New York Mellon (International) Limited
Fund Administrator Link Fund Administrators Limited
Fund Registrar Link Fund Administrators Limited
Fund Custodian The Bank of New York Mellon (International) Limited

Group Details

Group name Waystone Management (UK) Limited
Group address PO Box 389, DARLINGTON, DL1 9UF
Group telephone 0345 9220044
Dealing telephone 0344 3358936
Email investorservices@linkgroup.co.uk
Homepage www.waystone.com
Fax number 0113 2246001

Dealing

Minimum Investment £500
Minimum Top Up £250
Minimum Regular Saving £50
Settlement Period: Buy 4 days
Settlement Period: Sell 4 days
Pricing Basis Forward
Dealing Decimals 2

Important Information

Ongoing charges may vary in the future and may be higher than they are now.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.

Risk Analysis

Ratio Value
Alpha -1.54
Beta 0.87
Sharpe 0.00
Standard Deviation 7.03
Info Ratio -0.70

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds Yes
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property Yes
Exchange Rate No
Higher Risk No
Performance Charges No
Derivative Exposure Yes
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities Yes
New Fund No
Solvency of Depository No
Solvency of Bond Issuers Yes
Ethical Restrictions No
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Property

The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)

Derivative Exposure

The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.

Umbrella Liabilities

If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.

Solvency of Bond Issuers

If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.

Returns Are Not Guaranteed

What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation

Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief

Levels of taxation and tax relief are subject to change.

Important Information

The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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

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 ongoing charges, but take no account of product charges. Ongoing charges 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 income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.