PIA UK Index Tracker Ser A
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -20.8% | 21.0% | 13.8% | 2.6% | 6.1% |
| Sector | -22.2% | 36.4% | 4.7% | -1.1% | 7.8% |
| Rank | 53/102 | 106/107 | 12/114 | 25/114 | 85/115 |
| Quartile | 3 | 4 | 1 | 1 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 7.4% | 3.5% | 3.6% | |
| Sector | 3.7% | 3.4% | 3.5% | |
| Rank | 21/114 | 50/102 | 42/74 | |
| Quartile | 1 | 2 | 3 | |
Holdings
| Stock | % Weight |
|---|---|
| LIFFE FT-SE 100 FUT DEC 2013 | 98.63 |
| Total | 98.63 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G (ACS) Blackrock UK All Share Equity Fund. That fund aims to provide a total return (i.e. capital growth plus income) gross of the Ongoing Charges Figure over any three year period. Underlying Fund Objective: The Sub-Fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE All Share Index. The Sub-Fund typically invests directly. The Fund invests in securities that meet the ESG Criteria. The following types of exclusions apply to the Fund's direct investments: - Norms-based exclusions: investments that are assessed to be in breach of commonly accepted standards of behaviour related to human rights, labour rights, environment and anti-corruption. - Sector-based and/or values-based exclusions: investments and/or sectors exposed to business activities that are assessed to be damaging to human health, societal wellbeing, the environment, or otherwise assessed to be misaligned with the Fund's sector-based and/or values-based criteria. - Other exclusions: investments assessed to be otherwise in conflict with the ESG Criteria. The Sub-Fund may also invest in, cash, and near cash, directly or via funds (including funds managed by M&G). The Sub-Investment Manager, may, with the consent of the Investment Manager, allocate more of the Sub-Fund to cash and near cash as a result of certain market conditions and in order to mitigate exposure to market risk. The Sub-Fund may use derivatives for Efficient Portfolio Management and hedging only.
Fund Manager
With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.
Fund Overview
| Bid (25/04/2024) | 3.99 |
| Offer (25/04/2024) | 4.20 |
| Fund size (31/03/2024) | £13.95m |
| Number of holdings | 0 |
| Launch date | 30/06/1994 |
Fund Charges
| Annual Management Charge (AMC) | 1.75% |
| Further Costs | 0.01% |
| Yearly Total | 1.76% |
Asset Allocation
| Alternative Trading Strategies | 100.00% | |
| Cash and Equivalents | 0.00% |
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 the fund's currency of denomination 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 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.
Asset Allocation
| Alternative Trading Strategies | 100.00% | |
| Cash and Equivalents | 0.00% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Alternative Trading Strategies | 100.00% | - | - | - | |
| Alternative Trading Strategies | - | 100.00% | - | - | |
| Alternative Trading Strategies | - | - | 100.00% | - | |
| Alternative Trading Strategies | - | - | - | 100.00% | |
| Cash and Equivalents | 0.00% | - | - | - | |
Regional Allocation
| Non-Classified | 100.00% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 100.00% | - | |
Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | LIFFE FT-SE 100 FUT DEC 2013 | 98.63% | Non-Classified | Non-Classified |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Equivalents | - | - | - | - | - | - | - | - | - |
| Non-Classified | - | - | - | - | - | - | 100.00% | - | 100.00% |
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 | 0794660 |
| Mex Code | SBEUKT |
| Isin Code | IE0007946605 |
| Citi Code | SY50 |
Fund Charges
| Annual Management Charge (AMC) | 1.75% |
| Further Costs | 0.01% |
| Yearly Total | 1.76% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G (ACS) Blackrock UK All Share Equity Fund. That fund aims to provide a total return (i.e. capital growth plus income) gross of the Ongoing Charges Figure over any three year period. Underlying Fund Objective: The Sub-Fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE All Share Index. The Sub-Fund typically invests directly. The Fund invests in securities that meet the ESG Criteria. The following types of exclusions apply to the Fund's direct investments: - Norms-based exclusions: investments that are assessed to be in breach of commonly accepted standards of behaviour related to human rights, labour rights, environment and anti-corruption. - Sector-based and/or values-based exclusions: investments and/or sectors exposed to business activities that are assessed to be damaging to human health, societal wellbeing, the environment, or otherwise assessed to be misaligned with the Fund's sector-based and/or values-based criteria. - Other exclusions: investments assessed to be otherwise in conflict with the ESG Criteria. The Sub-Fund may also invest in, cash, and near cash, directly or via funds (including funds managed by M&G). The Sub-Investment Manager, may, with the consent of the Investment Manager, allocate more of the Sub-Fund to cash and near cash as a result of certain market conditions and in order to mitigate exposure to market risk. The Sub-Fund may use derivatives for Efficient Portfolio Management and hedging only. |
| Benchmark | FTSE 100 Index |
| Sector | OI UK All Companies |
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 | 4.48 |
| Beta | 0.75 |
| Sharpe | 0.39 |
| Standard Deviation | 9.90 |
| Info Ratio | 0.69 |
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 | Yes |
| 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 | 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).
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
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.
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
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 the fund's currency of denomination 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 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.
The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.