Prudential International Equity S1
Performance
Discrete performance - to latest available quarter end
| 30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
30/09/24 to 30/09/25 |
|
|---|---|---|---|---|---|
| Fund | 25.1% | -5.3% | 11.9% | 17.9% | 15.4% |
| Benchmark | 18.5% | -8.2% | 10.4% | 16.8% | 14.5% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 3 2025 |
3 Years to 30/09/25 |
5 Years to 30/09/25 |
10 Years to 30/09/25 |
|
| Fund | 9.8% | 15.0% | 12.5% | 11.2% |
| Benchmark | 9.1% | 13.9% | 10.0% | n/a |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.58 |
| SAMSUNG ELECTRONICS CO. LTD | 1.55 |
| TENCENT HOLDINGS LIMITED | 1.41 |
| SK HYNIX | 1.09 |
| AIA GROUP LIMITED | 1.08 |
| ALIBABA GROUP HOLDING LIMITED | 1.04 |
| HDFC BANK LIMITED | 1.01 |
| MICROSOFT CORPORATION | 0.79 |
| APPLE | 0.70 |
| TOYOTA MOTOR CORPORATION | 0.67 |
| Total | 11.92 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP International Equity Fund - the underlying fund.
Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
Fund Manager
With access to investment professionals around the world, 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 (04/12/2025) | 13.13 |
| Offer (04/12/2025) | 13.82 |
| Fund size (31/10/2025) | £137.36m |
| Underlying Fund size | £139.39m |
| Number of holdings | 6313 |
| Launch date | 02/07/1991 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.08% |
| Yearly Total | 0.83% |
Asset Allocation
| International Equities | 95.08% | |
| Cash and Equivalents | 1.23% | |
| Property | 0.91% | |
| UK Equities | 0.65% | |
| International Bonds | 0.38% | |
| Alternative Trading Strategies | 0.00% | |
| UK Corporate Bonds | 0.00% | |
| Money Market | 0.00% | |
| Other Assets | 1.75% |
Commentary
Performance as at Q3 2025 - Financial markets generally fared well in the third quarter, with markets continuing to recover following the tariff-related sell-off earlier in the year. Investors’ concern about the potential for trade disruption eased and sentiment improved, thanks to a month’s delay in implementing tariffs, as well as trade deals between the US and the EU and with Japan. Global stockmarkets were also supported by strong corporate earnings and the expectation of US interest rate cuts. These duly transpired in September when the Federal Reserve reduced interest rates by 25 basis points. The fund gained in the quarter and was slightly ahead of the benchmark and ahead of the comparator. In absolute terms, Pacific and emerging stockmarkets, notably China, were the strongest performers, while Japan and the US made solid gains and Europe made more modest advances. Most major stockmarkets rose in the quarter but India declined, all in sterling terms. Pacific and some emerging markets made double-digit gains, with China producing robust returns on the back of strong performance from AI-related and technology stocks. Investor sentiment was also supported by hopes of further stimulus measures to boost the Chinese economy. Other technologyheavy markets such as Taiwan and Korea also fared well.
In contrast, India and Indonesia lagged behind, with India’s economy expected to be hurt by US President Trump’s decision to impose high tariffs on Indian goods, while Indonesia struggled due to concerns about the independence of the central bank. Japan fared well on the back of its tariff agreement with the US, which has increased clarity. US stocks were driven largely by AI and technology stocks, as well as the interest rate cut and greater clarity regarding trade tariffs. In Europe, markets were supported by a trade deal between the European Union and the US. However, some concerns about fiscal positions and political issues weighed on sentiment. Stock picking in Pacific markets, Japan and India supported performance. Stock selection in the US, Europe, China and emerging markets held back returns.
Markets remain reactive to a mix of economic and geopolitical signals, with recent moves reflecting uncertainty around inflation, growth and policy direction. While corporate earnings have held up in many regions, investor sentiment has become more cautious. As inflation trends diverge and labour markets evolve, central banks may take increasingly different paths - raising the potential for greater dispersion across asset classes and regions in the period ahead.
Source: M&G
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 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 gross 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 95.08% | |
| Cash and Equivalents | 1.23% | |
| Property | 0.91% | |
| UK Equities | 0.65% | |
| International Bonds | 0.38% | |
| Alternative Trading Strategies | 0.00% | |
| UK Corporate Bonds | 0.00% | |
| Money Market | 0.00% | |
| Other Assets | 1.75% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 21.31% | - | - | - | |
| Banks | - | 12.85% | - | - | |
| Banks | - | - | 12.85% | - | |
| Banks | - | - | - | 12.85% | |
| Insurance | - | 4.52% | - | - | |
| Life Insurance | - | - | 2.27% | - | |
| Life Insurance | - | - | - | 2.27% | |
| Non-life Insurance | - | - | 2.25% | - | |
| Property & Casualty Insurance | - | - | - | 0.81% | |
| Full Line Insurance | - | - | - | 0.66% | |
| Reinsurance | - | - | - | 0.43% | |
| Insurance Brokers | - | - | - | 0.36% | |
| Financial Services | - | 3.94% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.22% | - | |
| Investment Services | - | - | - | 1.67% | |
| Asset Managers & Custodians | - | - | - | 0.98% | |
| Diversified Financial Services | - | - | - | 0.57% | |
| Finance & Credit Services | - | - | 0.72% | - | |
| Consumer Lending | - | - | - | 0.37% | |
| Financial Data & Systems | - | - | - | 0.30% | |
| Mortgage Finance | - | - | - | 0.05% | |
| Technology | 17.90% | - | - | - | |
| Technology | - | 17.90% | - | - | |
| Technology Hardware & Equipment | - | - | 10.38% | - | |
| Semiconductors | - | - | - | 6.86% | |
| Production Technology Equipment | - | - | - | 1.22% | |
| Computer Hardware | - | - | - | 1.16% | |
| Electronic Components | - | - | - | 1.09% | |
| Electronic Office Equipment | - | - | - | 0.05% | |
| Software & Computer Services | - | - | 7.52% | - | |
| Consumer Digital Services | - | - | - | 3.71% | |
| Software | - | - | - | 2.17% | |
| Computer Services | - | - | - | 1.63% | |
| Industrials | 15.46% | - | - | - | |
| Industrial Goods & Services | - | 13.57% | - | - | |
| Industrial Transportation | - | - | 3.12% | - | |
| Railroads | - | - | - | 0.79% | |
| Marine Transportation | - | - | - | 0.78% | |
| Transportation Services | - | - | - | 0.62% | |
| Commercial Vehicles & Parts | - | - | - | 0.42% | |
| Delivery Services | - | - | - | 0.29% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.15% | |
| Trucking | - | - | - | 0.04% | |
| Railroad Equipment | - | - | - | 0.03% | |
| General Industrials | - | - | 2.81% | - | |
| Diversified Industrials | - | - | - | 2.01% | |
| Containers & Packaging | - | - | - | 0.68% | |
| Plastics | - | - | - | 0.06% | |
| Glass | - | - | - | 0.05% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 2.56% | - | |
| Electrical Components | - | - | - | 1.69% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.40% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.34% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.08% | |
| Electronic Equipment: Other | - | - | - | 0.05% | |
| Industrial Support Services | - | - | 2.11% | - | |
| Professional Business Support Services | - | - | - | 0.63% | |
| Transaction Processing Services | - | - | - | 0.54% | |
| Industrial Suppliers | - | - | - | 0.39% | |
| Business Training & Employment Agencies | - | - | - | 0.31% | |
| Security Services | - | - | - | 0.23% | |
| Industrial Engineering | - | - | 1.92% | - | |
| Machinery: Industrial | - | - | - | 0.90% | |
| Machinery: Construction & Handling | - | - | - | 0.41% | |
| Machinery: Engines | - | - | - | 0.32% | |
| Machinery: Tools | - | - | - | 0.17% | |
| Machinery: Specialty | - | - | - | 0.07% | |
| Machinery: Agricultural | - | - | - | 0.05% | |
| Aerospace & Defence | - | - | 1.06% | - | |
| Aerospace | - | - | - | 0.66% | |
| Defense | - | - | - | 0.40% | |
| Construction & Materials | - | 1.89% | - | - | |
| Construction & Materials | - | - | 1.89% | - | |
| Building Materials: Other | - | - | - | 0.62% | |
| Cement | - | - | - | 0.52% | |
| Engineering & Contracting Services | - | - | - | 0.29% | |
| Construction | - | - | - | 0.26% | |
| Building: Climate Control | - | - | - | 0.16% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.04% | |
| Consumer Discretionary | 12.52% | - | - | - | |
| Retail | - | 3.36% | - | - | |
| Retailers | - | - | 3.36% | - | |
| Diversified Retailers | - | - | - | 2.33% | |
| Specialty Retailers | - | - | - | 0.46% | |
| Apparel Retailers | - | - | - | 0.44% | |
| Home Improvement Retailers | - | - | - | 0.13% | |
| Automobiles & Parts | - | 3.35% | - | - | |
| Automobiles & Parts | - | - | 3.35% | - | |
| Automobiles | - | - | - | 2.42% | |
| Auto Parts | - | - | - | 0.88% | |
| Tires | - | - | - | 0.06% | |
| Auto Services | - | - | - | 0.00% | |
| Consumer Products & Services | - | 2.69% | - | - | |
| Leisure Goods | - | - | 1.04% | - | |
| Consumer Electronics | - | - | - | 0.50% | |
| Electronic Entertainment | - | - | - | 0.29% | |
| Recreational Vehicles & Boats | - | - | - | 0.08% | |
| Recreational Products | - | - | - | 0.07% | |
| Photography | - | - | - | 0.06% | |
| Toys | - | - | - | 0.04% | |
| Personal Goods | - | - | 0.83% | - | |
| Clothing & Accessories | - | - | - | 0.37% | |
| Cosmetics | - | - | - | 0.19% | |
| Luxury Items | - | - | - | 0.14% | |
| Footwear | - | - | - | 0.14% | |
| Household Goods & Home Construction | - | - | 0.60% | - | |
| Household Appliance | - | - | - | 0.28% | |
| Home Construction | - | - | - | 0.26% | |
| Household Equipment & Products | - | - | - | 0.04% | |
| Household Furnishings | - | - | - | 0.02% | |
| Consumer Services | - | - | 0.21% | - | |
| Consumer Services: Misc. | - | - | - | 0.20% | |
| Education Services | - | - | - | 0.01% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Vending & Catering Service | - | - | - | 0.00% | |
| Funeral Parlors & Cemetery | - | - | - | 0.00% | |
| Travel & Leisure | - | 2.43% | - | - | |
| Travel & Leisure | - | - | 2.43% | - | |
| Hotels & Motels | - | - | - | 0.87% | |
| Restaurants & Bars | - | - | - | 0.49% | |
| Casinos & Gambling | - | - | - | 0.47% | |
| Airlines | - | - | - | 0.30% | |
| Travel & Tourism | - | - | - | 0.21% | |
| Recreational Services | - | - | - | 0.10% | |
| Media | - | 0.69% | - | - | |
| Media | - | - | 0.69% | - | |
| Entertainment | - | - | - | 0.38% | |
| Radio & TV Broadcasters | - | - | - | 0.16% | |
| Media Agencies | - | - | - | 0.15% | |
| Publishing | - | - | - | 0.00% | |
| Health Care | 6.51% | - | - | - | |
| Health Care | - | 6.51% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.00% | - | |
| Pharmaceuticals | - | - | - | 3.37% | |
| Biotechnology | - | - | - | 0.63% | |
| Medical Equipment & Services | - | - | 1.47% | - | |
| Medical Equipment | - | - | - | 1.12% | |
| Medical Supplies | - | - | - | 0.34% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 1.03% | - | |
| Health Care Management Services | - | - | - | 0.66% | |
| Health Care Facilities | - | - | - | 0.22% | |
| Health Care Services | - | - | - | 0.16% | |
| Health Care: Misc. | - | - | - | 0.00% | |
| Telecommunications | 5.83% | - | - | - | |
| Telecommunications | - | 5.83% | - | - | |
| Telecommunications Service Providers | - | - | 3.27% | - | |
| Telecommunications Services | - | - | - | 3.24% | |
| Cable Television Services | - | - | - | 0.03% | |
| Telecommunications Equipment | - | - | 2.56% | - | |
| Telecommunications Equipment | - | - | - | 2.56% | |
| Consumer Staples | 4.32% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.92% | - | - | |
| Beverages | - | - | 1.59% | - | |
| Brewers | - | - | - | 0.68% | |
| Soft Drinks | - | - | - | 0.61% | |
| Distillers & Vintners | - | - | - | 0.31% | |
| Food Producers | - | - | 1.33% | - | |
| Food Products | - | - | - | 1.31% | |
| Fruit & Grain Processing | - | - | - | 0.02% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Sugar | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 1.39% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.39% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.73% | |
| Drug Retailers | - | - | - | 0.37% | |
| Personal Products | - | - | - | 0.23% | |
| Nondurable Household Products | - | - | - | 0.06% | |
| Basic Materials | 3.69% | - | - | - | |
| Basic Resources | - | 2.11% | - | - | |
| Industrial Metals & Mining | - | - | 1.53% | - | |
| Iron & Steel | - | - | - | 1.06% | |
| General Mining | - | - | - | 0.26% | |
| Aluminum | - | - | - | 0.08% | |
| Metal Fabricating | - | - | - | 0.07% | |
| Copper | - | - | - | 0.03% | |
| Nonferrous Metals | - | - | - | 0.03% | |
| Precious Metals & Mining | - | - | 0.42% | - | |
| Gold Mining | - | - | - | 0.39% | |
| Platinum & Precious Metals | - | - | - | 0.02% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.17% | - | |
| Paper | - | - | - | 0.12% | |
| Diversified Materials | - | - | - | 0.05% | |
| Textile Products | - | - | - | 0.00% | |
| Forestry | - | - | - | 0.00% | |
| Chemicals | - | 1.58% | - | - | |
| Chemicals | - | - | 1.58% | - | |
| Chemicals: Diversified | - | - | - | 0.84% | |
| Specialty Chemicals | - | - | - | 0.48% | |
| Fertilizers | - | - | - | 0.16% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.09% | |
| Energy | 3.30% | - | - | - | |
| Energy | - | 3.30% | - | - | |
| Non-Renewable Energy | - | - | 2.98% | - | |
| Integrated Oil & Gas | - | - | - | 1.04% | |
| Oil Refining and Marketing | - | - | - | 0.71% | |
| Oil: Crude Producers | - | - | - | 0.42% | |
| Oil Equipment & Services | - | - | - | 0.39% | |
| Pipelines | - | - | - | 0.37% | |
| Offshore Drilling & Other Services | - | - | - | 0.05% | |
| Coal | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.31% | - | |
| Renewable Energy Equipment | - | - | - | 0.25% | |
| Alternative Fuels | - | - | - | 0.07% | |
| Real Estate | 3.24% | - | - | - | |
| Real Estate | - | 3.24% | - | - | |
| Real Estate Investment & Services | - | - | 2.21% | - | |
| Real Estate Holding and Development | - | - | - | 1.71% | |
| Real Estate Services | - | - | - | 0.50% | |
| Real Estate Investment Trusts | - | - | 1.03% | - | |
| Retail REITs | - | - | - | 0.38% | |
| Industrial REITs | - | - | - | 0.29% | |
| Residential REITs | - | - | - | 0.17% | |
| Health Care REITs | - | - | - | 0.07% | |
| Infrastructure REITs | - | - | - | 0.06% | |
| Office REITs | - | - | - | 0.04% | |
| Other Specialty REITs | - | - | - | 0.02% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Diversified REITs | - | - | - | 0.00% | |
| Utilities | 2.34% | - | - | - | |
| Utilities | - | 2.34% | - | - | |
| Electricity | - | - | 1.29% | - | |
| Conventional Electricity | - | - | - | 1.17% | |
| Alternative Electricity | - | - | - | 0.12% | |
| Gas, Water & Multi-utilities | - | - | 0.96% | - | |
| Multi-Utilities | - | - | - | 0.86% | |
| Gas Distribution | - | - | - | 0.06% | |
| Water | - | - | - | 0.03% | |
| Waste & Disposal Services | - | - | 0.09% | - | |
| Waste & Disposal Services | - | - | - | 0.09% | |
| Non-Classified | 1.97% | - | - | - | |
| Non-Classified | - | 0.57% | - | - | |
| Non-Classified | - | - | 0.57% | - | |
| Non-Classified | - | - | - | 0.57% | |
| Cash and Equivalents | 1.23% | - | - | - | |
| Bonds | 0.38% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Emerging Asia | 26.89% | |
| North America | 25.92% | |
| Developed Europe - Excl UK | 20.69% | |
| Japan | 12.09% | |
| Developed Asia | 6.75% | |
| Australia & New Zealand | 1.47% | |
| Cash and Equivalents | 1.23% | |
| Non-Classified | 1.74% | |
| Property | 0.91% | |
| Other Regions | 2.31% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.39% | |
| Cash | 1.23% | |
| Euro | 0.25% | |
| Swiss Franc | 0.12% | |
| US Dollar | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 26.89% | - | |
China
|
- | 8.76% | |
India
|
- | 5.86% | |
South Korea
|
- | 5.26% | |
Taiwan
|
- | 4.26% | |
Indonesia
|
- | 1.27% | |
Thailand
|
- | 1.09% | |
Malaysia
|
- | 0.24% | |
Philippines
|
- | 0.14% | |
| North America | 25.92% | - | |
United States
|
- | 23.19% | |
Canada
|
- | 2.74% | |
| Developed Europe - Excl UK | 20.69% | - | |
Germany
|
- | 4.90% | |
France
|
- | 3.28% | |
Netherlands
|
- | 2.14% | |
Switzerland
|
- | 2.12% | |
Ireland
|
- | 1.64% | |
Denmark
|
- | 1.37% | |
Spain
|
- | 1.12% | |
Sweden
|
- | 0.85% | |
Italy
|
- | 0.79% | |
Finland
|
- | 0.77% | |
Luxembourg
|
- | 0.49% | |
Belgium
|
- | 0.47% | |
Austria
|
- | 0.43% | |
Norway
|
- | 0.30% | |
Portugal
|
- | 0.03% | |
| Japan | 12.09% | - | |
Japan
|
- | 12.09% | |
| Developed Asia | 6.75% | - | |
Hong Kong
|
- | 4.89% | |
Singapore
|
- | 1.86% | |
| Australia & New Zealand | 1.47% | - | |
Australia
|
- | 1.47% | |
| Cash and Equivalents | 1.23% | - | |
| Non-Classified | 1.74% | - | |
| Property | 0.91% | - | |
| Middle East & Africa | 0.66% | - | |
South Africa
|
- | 0.25% | |
United Arab Emirates
|
- | 0.15% | |
Saudi Arabia
|
- | 0.15% | |
Israel
|
- | 0.09% | |
Qatar
|
- | 0.01% | |
Egypt
|
- | 0.01% | |
Kuwait
|
- | 0.00% | |
| UK | 0.65% | - | |
United Kingdom
|
- | 0.65% | |
| South & Central America | 0.54% | - | |
Brazil
|
- | 0.35% | |
Mexico
|
- | 0.18% | |
Chile
|
- | 0.01% | |
Colombia
|
- | 0.00% | |
Peru
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Emerging Europe | 0.46% | - | |
Greece
|
- | 0.17% | |
Hungary
|
- | 0.11% | |
Turkey
|
- | 0.10% | |
Poland
|
- | 0.07% | |
Czech Republic
|
- | 0.01% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
47.79% |
| Large |
|
24.17% |
| Medium |
|
9.26% |
| Small |
|
1.89% |
| Micro |
|
0.42% |
| Non-Classified |
|
14.86% |
| Bonds |
|
0.38% |
| Cash |
|
1.23% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A | 23.24% | Managed Funds | Managed Funds |
| 2 | M&G (ACS) Japan Equity Fund Z2A Acc | 10.82% | Managed Funds | Managed Funds |
| 3 | M&G (ACS) BlackRock US Equity 2 Z2A GBP ACC | 10.36% | Managed Funds | Managed Funds |
| 4 | M&G (LUX) FCP Europe ex UK Equity Fund Z2A Acc | 9.47% | Managed Funds | Managed Funds |
| 5 | M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z2A Acc | 5.49% | Managed Funds | Managed Funds |
| 6 | M&G (1) MFS Global Emerging Markets Equity Class GBPZ2A | 3.98% | Managed Funds | Managed Funds |
| 7 | M&G (ACS) China Z2A Acc | 3.87% | Managed Funds | Managed Funds |
| 8 | M&G European Sustain Paris Aligned Class PP GBP | 3.69% | Managed Funds | Managed Funds |
| 9 | M&G (1) India Equity Class GBP Z2A | 3.62% | Managed Funds | Managed Funds |
| 10 | M&G (ACS) WB US Large Cap Equity | 3.22% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.58% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 1.55% | Telecommunications Equipment | South Korea |
| 3 | TENCENT HOLDINGS LIMITED | 1.41% | Software & Computer Services | China |
| 4 | SK HYNIX | 1.09% | Technology Hardware & Equipment | South Korea |
| 5 | AIA GROUP LIMITED | 1.08% | Life Insurance | Hong Kong |
| 6 | ALIBABA GROUP HOLDING LIMITED | 1.04% | Retailers | China |
| 7 | HDFC BANK LIMITED | 1.01% | Banks | India |
| 8 | MICROSOFT CORPORATION | 0.79% | Software & Computer Services | United States |
| 9 | APPLE | 0.70% | Technology Hardware & Equipment | United States |
| 10 | TOYOTA MOTOR CORPORATION | 0.67% | Automobiles & Parts | Japan |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 17.90% | - | - | - | - | - | - | 17.90% |
| Telecommunications | - | 5.83% | - | 0.24% | - | - | - | - | 6.07% |
| Financials | 0.16% | 21.15% | - | 0.12% | - | - | - | - | 21.43% |
| Real Estate | - | 2.33% | - | - | - | 0.91% | - | - | 3.24% |
| Consumer Discretionary | 0.07% | 12.45% | - | - | - | - | 0.03% | - | 12.55% |
| Consumer Staples | 0.10% | 4.21% | - | - | - | - | - | - | 4.32% |
| Energy | 0.04% | 3.25% | - | - | - | - | - | - | 3.30% |
| Utilities | - | 2.34% | - | - | - | - | - | - | 2.34% |
| Health Care | 0.02% | 6.49% | - | - | - | - | - | - | 6.51% |
| Industrials | 0.20% | 15.26% | - | - | - | - | 0.02% | - | 15.48% |
| Basic Materials | - | 3.69% | - | - | - | - | 0.02% | - | 3.71% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.23% | 1.23% |
| Bonds | - | - | - | 0.02% | - | - | - | - | 0.02% |
| Non-Classified | 0.06% | 0.16% | - | - | - | - | 1.69% | - | 1.91% |
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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 0702276 |
| Mex Code | PUPMI |
| Isin Code | GB0007022766 |
| Citi Code | PS26 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.08% |
| Yearly Total | 0.83% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP International Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis. |
| Benchmark | Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO). |
| ABI Sector | Global Equities |
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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 2.15 |
| Beta | 0.91 |
| Sharpe | 1.24 |
| Standard Deviation | 8.70 |
| Info Ratio | 0.26 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| 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 | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | Yes |
| 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).
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.
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.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
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
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 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.
We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.
Medium to Higher Risk
These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.
Help
Important Information
This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation 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 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 gross 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.
'Prudential' is a trading name of Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.