Prudential M&G Recovery S4

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

Performance

Discrete performance - to last month end

31/07/17
to
31/07/18
31/07/18
to
31/07/19
31/07/19
to
31/07/20
31/07/20
to
31/07/21
31/07/21
to
31/07/22
Fund 5.0% -6.8% -24.2% 29.0% -9.8%
Sector 6.8% -1.7% -15.7% 26.9% -4.2%
Rank 411/469 399/470 416/474 167/475 356/475
Quartile 4 4 4 2 3

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund -4.1% -2.9% 1.0%
Sector 0.8% 1.5% 5.5%
Rank 444/474 427/469 428/432
Quartile 4 4 4

Top 10 Holdings

Stock % Weight
BP 8.52
HSBC HOLDINGS 7.21
KENMARE RESOURCES 5.54
NATIONAL GRID 3.61
RIO TINTO 3.41
STANDARD CHARTERED 3.05
LLOYDS BANKING GROUP 3.03
COMPASS GROUP 2.98
BEAZLEY 2.48
ROYAL BANK OF SCOTLAND GROUP 2.46
Total 42.29

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Recovery Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, listed or do most of their business in the United Kingdom. The fund may also invest in other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging.

Fund Manager

Michael Stiasny manager of the underlying fund for 1 years and 7 months

Photo of Michael Stiasny Michael Stiasny is the fund manager of Charifund and, since 1 April 2018, of the M&G UK Income Distribution Fund. He is also deputy fund manager of both the M&G Recovery Fund and the M&G Global Recovery Fund. He joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in 2005. He was appointed deputy fund manager of the M&G Recovery Fund in 2011. Michael graduated with a degree in philosophy, politics and economics from the University of Oxford. He is a CFA charterholder.

Fund Overview

Bid (05/08/2022) 148.60
Offer (05/08/2022) 156.40
Fund size (30/06/2022) £50.14m
Underlying Fund size £1217.14m
Number of holdings 74
Launch date 19/06/2006

Fund Charges

Annual Management Charge (AMC) 1.50%
Further Costs 0.01%
Yearly Total 1.51%

Asset Allocation

pie chart
  UK Equities 83.80%
  International Equities 13.25%
  Money Market 1.53%
  Cash and Equivalents 0.25%
  Other Assets 1.16%
Portfolio data accurate as at: 30/06/22

Important Information

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 GBP with net 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
  UK Equities 83.80%
  International Equities 13.25%
  Money Market 1.53%
  Cash and Equivalents 0.25%
  Other Assets 1.16%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 24.47% - - -
 
Banks - 15.75% - -
 
Banks - - 15.75% -
 
Banks - - - 15.75%
 
Insurance - 6.45% - -
 
Non-life Insurance - - 6.45% -
 
Property & Casualty Insurance - - - 4.37%
 
Full Line Insurance - - - 2.08%
 
Financial Services - 2.27% - -
 
Investment Banking & Brokerage Services - - 2.27% -
 
Asset Managers & Custodians - - - 2.27%
 
Basic Materials 14.80% - - -
 
Basic Resources - 13.13% - -
 
Industrial Metals & Mining - - 12.31% -
 
General Mining - - - 9.12%
 
Copper - - - 1.95%
 
Nonferrous Metals - - - 1.24%
 
Precious Metals & Mining - - 0.82% -
 
Gold Mining - - - 0.82%
 
Chemicals - 1.67% - -
 
Chemicals - - 1.67% -
 
Chemicals: Diversified - - - 1.67%
 
Consumer Discretionary 13.41% - - -
 
Media - 5.74% - -
 
Media - - 5.74% -
 
Media Agencies - - - 2.93%
 
Publishing - - - 1.60%
 
Radio & TV Broadcasters - - - 1.20%
 
Travel & Leisure - 3.27% - -
 
Travel & Leisure - - 3.27% -
 
Travel & Tourism - - - 1.81%
 
Airlines - - - 0.65%
 
Hotels & Motels - - - 0.51%
 
Restaurants & Bars - - - 0.29%
 
Consumer Products & Services - 3.06% - -
 
Consumer Services - - 3.06% -
 
Vending & Catering Service - - - 2.98%
 
Funeral Parlors & Cemetery - - - 0.09%
 
Retail - 1.34% - -
 
Retailers - - 1.34% -
 
Diversified Retailers - - - 0.96%
 
Specialty Retailers - - - 0.38%
 
Energy 10.65% - - -
 
Energy - 10.65% - -
 
Non-Renewable Energy - - 10.65% -
 
Integrated Oil & Gas - - - 8.52%
 
Oil: Crude Producers - - - 2.06%
 
Coal - - - 0.07%
 
Industrials 8.15% - - -
 
Construction & Materials - 4.19% - -
 
Construction & Materials - - 4.19% -
 
Construction - - - 2.90%
 
Engineering & Contracting Services - - - 1.30%
 
Industrial Goods & Services - 3.95% - -
 
Industrial Support Services - - 2.10% -
 
Professional Business Support Services - - - 1.77%
 
Industrial Suppliers - - - 0.33%
 
General Industrials - - 1.59% -
 
Diversified Industrials - - - 1.59%
 
Aerospace & Defence - - 0.17% -
 
Defense - - - 0.17%
 
Industrial Transportation - - 0.09% -
 
Transportation Services - - - 0.09%
 
Health Care 7.04% - - -
 
Health Care - 7.04% - -
 
Pharmaceuticals & Biotechnology - - 6.32% -
 
Biotechnology - - - 4.05%
 
Pharmaceuticals - - - 2.27%
 
Medical Equipment & Services - - 0.71% -
 
Medical Equipment - - - 0.71%
 
Consumer Staples 5.91% - - -
 
Food, Beverage & Tobacco - 3.91% - -
 
Food Producers - - 3.91% -
 
Food Products - - - 3.22%
 
Farming, Fishing, Ranching & Plantations - - - 0.69%
 
Personal Care, Drug & Grocery Stores - 2.00% - -
 
Personal Care, Drug & Grocery Stores - - 2.00% -
 
Personal Products - - - 2.00%
 
Non-Classified 4.92% - - -
 
Technology 4.15% - - -
 
Technology - 4.15% - -
 
Software & Computer Services - - 4.15% -
 
Software - - - 2.61%
 
Consumer Digital Services - - - 1.46%
 
Computer Services - - - 0.07%
 
Utilities 3.84% - - -
 
Utilities - 3.84% - -
 
Gas, Water & Multi-utilities - - 3.61% -
 
Multi-Utilities - - - 3.61%
 
Electricity - - 0.23% -
 
Conventional Electricity - - - 0.23%
 
Telecommunications 2.40% - - -
 
Telecommunications - 2.40% - -
 
Telecommunications Service Providers - - 2.40% -
 
Telecommunications Services - - - 2.40%
 
Cash and Equivalents 0.25% - - -

Regional Allocation

pie chart
  UK 83.80%
  Developed Europe - Excl UK 6.38%
  North America 4.02%
  Australia & New Zealand 2.72%
  Cash and Equivalents 1.79%
  Non-Classified 1.16%
  Middle East & Africa 0.14%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 95.28%
  Cash 4.71%
  Pound Sterling 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 83.80% -
 
United Kingdom - 83.80%
 
Developed Europe - Excl UK 6.38% -
 
Ireland - 6.38%
 
North America 4.02% -
 
United States - 2.08%
 
Canada - 1.95%
 
Australia & New Zealand 2.72% -
 
Australia - 2.72%
 
Cash and Equivalents 1.79% -
 
Non-Classified 1.16% -
 
Middle East & Africa 0.14% -
 
Zambia - 0.14%

Breakdown By Market Cap (%)

Mega
 
 
35.45%
Large
 
 
14.25%
Medium
 
 
19.02%
Small
 
 
19.89%
Micro
 
 
5.94%
Non-Classified
 
 
5.20%
Cash
 
 
0.25%

Top 10 Holdings

Stock % Weight Sector Country
1 BP 8.52% Non-Renewable Energy United Kingdom
2 HSBC HOLDINGS 7.21% Banks United Kingdom
3 KENMARE RESOURCES 5.54% Industrial Metals & Mining Ireland
4 NATIONAL GRID 3.61% Gas, Water & Multi-utilities United Kingdom
5 RIO TINTO 3.41% Industrial Metals & Mining United Kingdom
6 STANDARD CHARTERED 3.05% Banks United Kingdom
7 LLOYDS BANKING GROUP 3.03% Banks United Kingdom
8 COMPASS GROUP 2.98% Consumer Services United Kingdom
9 BEAZLEY 2.48% Non-life Insurance United Kingdom
10 ROYAL BANK OF SCOTLAND GROUP 2.46% Banks United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 4.15% - - - - - - - 4.15%
Telecommunications 2.40% - - - - - - - 2.40%
Financials 24.47% - - - - - - - 24.47%
Consumer Discretionary 12.90% 0.51% - - - - - - 13.41%
Consumer Staples 5.77% 0.14% - - - - - - 5.91%
Energy 10.58% 0.07% - - - - 1.16% - 11.81%
Utilities 3.84% - - - - - - - 3.84%
Health Care 3.14% 3.90% - - - - - - 7.04%
Industrials 7.82% 0.33% - - - - - - 8.15%
Basic Materials 6.50% 8.30% - - - - - - 14.80%
Cash and Equivalents - - - - - - - 0.25% 0.25%
Non-Classified 2.23% - - - - - 1.53% - 3.76%

Important Information

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 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 B10SQS0
Mex Code VNPRRE
Isin Code GB00B10SQS00
Citi Code EP89

Fund Charges

Annual Management Charge (AMC) 1.50%
Further Costs 0.01%
Yearly Total 1.51%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Recovery Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period. At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sectors and market capitalisations that are incorporated, domiciled, listed or do most of their business in the United Kingdom. The fund may also invest in other transferable securities directly and via collective investment schemes (including funds managed by M&G). The fund may also hold cash for liquidity purposes. Derivatives may be used for efficient portfolio management and hedging.
Benchmark FTSE All-Share Index
ABI Sector UK All Companies

Ratings

FE Crown Crown Rating of 1

Important Information

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 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 -4.68
Beta 1.32
Sharpe -0.02
Standard Deviation 24.76
Info Ratio -0.59

Risk Factors

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

Fund Specific Risks

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

Smaller Companies

The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.

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.

Income Eroding Capital Growth

The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.

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.

Liquidity

This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.

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

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 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

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 GBP with net 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.