Prudential M&G Dividend S3

Essentials Portfolio Analysis Background Data Investment Risk 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 -2.3% 2.1% 12.5% 6.6% -6.6%
Sector -2.3% 0.5% 12.7% 7.1% -1.6%
Rank 87/132 59/134 66/136 99/137 132/138
Quartile 3 2 2 3 4

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 3.9% 2.3% 2.7%
Sector 5.9% 3.1% 3.6%
Rank 121/136 116/132 114/121
Quartile 4 4 4

Top 10 Holdings

Stock % Weight
HSBC HOLDINGS 6.79
BP 6.78
ASTRAZENECA 4.96
RIO TINTO 4.87
IMPERIAL BRANDS 4.59
GSK 4.33
SHELL 4.11
BRITISH AMERICAN TOBACCO 4.08
NATIONAL GRID 2.96
PHOENIX GROUP HLDGS 2.64
Total 46.12

Fund Aims

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

Underlying Fund Objective: The fund has three aims which are to provide an annual yield higher than that of the FTSE All-Share Index, to provide an income stream that increases every year and 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 70% of the fund is invested in equity securities and equity-related securities of companies across any sector and market capitalisation, that are incorporated, domiciled, listed or do most of their business in the United Kingdom. The fund may also invest in other transferable securities, including the shares of non-UK companies, cash and near cash directly or via collective investment schemes (including funds managed by M&G). Derivatives may be used for efficient portfolio management and hedging.

Fund Manager

Michael Stiasny manager of the underlying fund for 5 years and 1 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 (27/03/2024) 275.40
Offer (27/03/2024) 275.40
Fund size (29/02/2024) £10.81m
Underlying Fund size £776.62m
Number of holdings 132
Launch date 01/07/2003

Fund Charges

Annual Management Charge (AMC) 1.40%
Further Costs 0.01%
Yearly Total 1.41%

Asset Allocation

pie chart
  UK Equities 91.73%
  International Equities 4.61%
  Property 1.82%
  Investment Trusts 0.53%
  Money Market 0.23%
  UK Corporate Bonds 0.01%
  International Bonds 0.01%
  Cash and Equivalents -0.61%
  Other Assets 1.68%
Portfolio data accurate as at: 31/01/24

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 91.73%
  International Equities 4.61%
  Property 1.82%
  Investment Trusts 0.53%
  Money Market 0.23%
  UK Corporate Bonds 0.01%
  International Bonds 0.01%
  Cash and Equivalents -0.61%
  Other Assets 1.68%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 29.45% - - -
 
Banks - 11.39% - -
 
Banks - - 11.39% -
 
Banks - - - 11.39%
 
Insurance - 10.82% - -
 
Life Insurance - - 8.16% -
 
Life Insurance - - - 8.16%
 
Non-life Insurance - - 2.66% -
 
Property & Casualty Insurance - - - 1.77%
 
Reinsurance - - - 0.89%
 
Financial Services - 7.24% - -
 
Investment Banking & Brokerage Services - - 6.71% -
 
Asset Managers & Custodians - - - 5.17%
 
Investment Services - - - 1.55%
 
Equity Investment Instruments - - 0.53% -
 
Equity Investment Instruments - - - 0.53%
 
Consumer Staples 11.59% - - -
 
Food, Beverage & Tobacco - 8.67% - -
 
Tobacco - - 8.67% -
 
Tobacco - - - 8.67%
 
Personal Care, Drug & Grocery Stores - 2.91% - -
 
Personal Care, Drug & Grocery Stores - - 2.91% -
 
Personal Products - - - 1.47%
 
Food Retailers & Wholesalers - - - 1.44%
 
Energy 11.32% - - -
 
Energy - 11.32% - -
 
Non-Renewable Energy - - 11.32% -
 
Integrated Oil & Gas - - - 11.32%
 
Oil Equipment & Services - - - 0.00%
 
Health Care 9.73% - - -
 
Health Care - 9.73% - -
 
Pharmaceuticals & Biotechnology - - 9.73% -
 
Pharmaceuticals - - - 9.73%
 
Utilities 8.36% - - -
 
Utilities - 8.36% - -
 
Gas, Water & Multi-utilities - - 5.89% -
 
Multi-Utilities - - - 4.51%
 
Water - - - 1.38%
 
Electricity - - 2.46% -
 
Conventional Electricity - - - 2.46%
 
Basic Materials 8.02% - - -
 
Basic Resources - 7.34% - -
 
Industrial Metals & Mining - - 6.32% -
 
General Mining - - - 6.32%
 
Industrial Materials - - 1.01% -
 
Paper - - - 1.01%
 
Chemicals - 0.68% - -
 
Chemicals - - 0.68% -
 
Specialty Chemicals - - - 0.68%
 
Consumer Discretionary 6.76% - - -
 
Media - 2.98% - -
 
Media - - 2.98% -
 
Radio & TV Broadcasters - - - 1.21%
 
Media Agencies - - - 0.93%
 
Publishing - - - 0.83%
 
Travel & Leisure - 1.71% - -
 
Travel & Leisure - - 1.71% -
 
Casinos & Gambling - - - 1.71%
 
Consumer Products & Services - 1.37% - -
 
Household Goods & Home Construction - - 1.37% -
 
Home Construction - - - 1.37%
 
Retail - 0.69% - -
 
Retailers - - 0.69% -
 
Home Improvement Retailers - - - 0.69%
 
Industrials 5.71% - - -
 
Industrial Goods & Services - 5.13% - -
 
Industrial Transportation - - 1.76% -
 
Transportation Services - - - 0.82%
 
Delivery Services - - - 0.67%
 
Marine Transportation - - - 0.27%
 
General Industrials - - 1.64% -
 
Containers & Packaging - - - 1.64%
 
Industrial Support Services - - 1.04% -
 
Business Training & Employment Agencies - - - 0.89%
 
Transaction Processing Services - - - 0.14%
 
Industrial Engineering - - 0.70% -
 
Machinery: Specialty - - - 0.70%
 
Construction & Materials - 0.58% - -
 
Construction & Materials - - 0.58% -
 
Building Materials: Other - - - 0.32%
 
Construction - - - 0.26%
 
Telecommunications 3.12% - - -
 
Telecommunications - 3.12% - -
 
Telecommunications Service Providers - - 3.12% -
 
Telecommunications Services - - - 3.12%
 
Real Estate 2.78% - - -
 
Real Estate - 2.78% - -
 
Real Estate Investment Trusts - - 2.14% -
 
Diversified REITs - - - 1.16%
 
Retail REITs - - - 0.57%
 
Office REITs - - - 0.32%
 
Residential REITs - - - 0.08%
 
Real Estate Investment & Services - - 0.64% -
 
Real Estate Holding and Development - - - 0.64%
 
Non-Classified 2.50% - - -
 
Technology 1.04% - - -
 
Technology - 1.04% - -
 
Software & Computer Services - - 1.04% -
 
Consumer Digital Services - - - 1.04%
 
Bonds 0.01% - - -
 
Cash and Equivalents -0.39% - - -

Regional Allocation

pie chart
  UK 91.74%
  Developed Europe - Excl UK 3.59%
  Non-Classified 2.21%
  Property 1.82%
  Developed Asia 0.59%
  Japan 0.44%
  Cash and Equivalents -0.39%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 100.60%
  Pound Sterling 0.01%
  Cash -0.61%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 91.74% -
 
United Kingdom - 91.74%
 
Developed Europe - Excl UK 3.59% -
 
France - 1.98%
 
Finland - 1.01%
 
Ireland - 0.60%
 
Netherlands - 0.00%
 
Norway - 0.00%
 
Non-Classified 2.21% -
 
Property 1.82% -
 
Developed Asia 0.59% -
 
Singapore - 0.32%
 
Hong Kong - 0.27%
 
Japan 0.44% -
 
Japan - 0.44%
 
Cash and Equivalents -0.39% -

Breakdown By Market Cap (%)

Mega
 
 
43.02%
Large
 
 
22.32%
Medium
 
 
15.59%
Small
 
 
7.98%
Micro
 
 
2.67%
Non-Classified
 
 
8.80%
Bonds
 
 
0.01%
Cash
 
-0.39%

Top 10 Holdings

Stock % Weight Sector Country
1 HSBC HOLDINGS 6.79% Banks United Kingdom
2 BP 6.78% Non-Renewable Energy United Kingdom
3 ASTRAZENECA 4.96% Pharmaceuticals & Biotechnology United Kingdom
4 RIO TINTO 4.87% Industrial Metals & Mining United Kingdom
5 IMPERIAL BRANDS 4.59% Tobacco United Kingdom
6 GSK 4.33% Pharmaceuticals & Biotechnology United Kingdom
7 SHELL 4.11% Non-Renewable Energy United Kingdom
8 BRITISH AMERICAN TOBACCO 4.08% Tobacco United Kingdom
9 NATIONAL GRID 2.96% Gas, Water & Multi-utilities United Kingdom
10 PHOENIX GROUP HLDGS 2.64% Life Insurance United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.04% - - - - - - - 1.04%
Telecommunications 2.81% 0.32% - - - - - - 3.12%
Financials 28.92% - - - - - 0.53% - 29.45%
Real Estate 0.96% - - - - 1.82% - - 2.78%
Consumer Discretionary 6.76% - - - - - - - 6.76%
Consumer Staples 11.59% - - - - - - - 11.59%
Energy 10.90% 0.43% - - - - - - 11.32%
Utilities 6.80% 1.55% - - - - - - 8.36%
Health Care 9.29% 0.44% - - - - - - 9.73%
Industrials 5.45% 0.27% - - - - - - 5.71%
Basic Materials 6.41% 1.61% - - - - - - 8.02%
Cash and Equivalents - - - - - - - -0.61% -0.61%
Bonds - - 0.01% 0.01% - - - - 0.01%
Non-Classified 0.82% - - - - - 1.68% 0.23% 2.72%

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 3317785
Mex Code PUEIT
Isin Code GB0033177857
Citi Code P351

Fund Charges

Annual Management Charge (AMC) 1.40%
Further Costs 0.01%
Yearly Total 1.41%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Dividend Fund - the underlying fund. Underlying Fund Objective: The fund has three aims which are to provide an annual yield higher than that of the FTSE All-Share Index, to provide an income stream that increases every year and 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 70% of the fund is invested in equity securities and equity-related securities of companies across any sector and market capitalisation, that are incorporated, domiciled, listed or do most of their business in the United Kingdom. The fund may also invest in other transferable securities, including the shares of non-UK companies, cash and near cash directly or via collective investment schemes (including funds managed by M&G). Derivatives may be used for efficient portfolio management and hedging.
Benchmark FTSE All-Share Index
Sector ABI UK Equity Income

Ratings

FE Crown Crown Rating of 2

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 -1.75
Beta 1.00
Sharpe 0.03
Standard Deviation 10.71
Info Ratio -0.56

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
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 No
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).

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.

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.