Prudential Overseas Equity Index S3
Performance
Discrete performance - to latest available quarter end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | 1.2% | 25.9% | -6.4% | 8.6% | 16.1% |
| Benchmark | 3.6% | 25.3% | -7.6% | 9.7% | 16.5% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2024 |
3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
|
| Fund | 2.3% | 5.7% | 8.5% | 10.0% |
| Benchmark | 2.4% | 5.7% | 8.9% | 10.3% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.30 |
| CME S&P EMI FUT Jun24 | 3.08 |
| SAMSUNG ELECTRONICS CO. LTD | 2.01 |
| ASML HOLDING N.V. | 1.05 |
| MICROSOFT CORPORATION | 1.02 |
| APPLE | 0.98 |
| NOVO NORDISK A/S | 0.97 |
| NVIDIA CORPORATION | 0.81 |
| SK HYNIX | 0.78 |
| COMMONWEALTH BANK OF AUSTRALIA | 0.77 |
| Total | 14.78 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Overseas Equity Index Fund - the underlying fund.
Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their Indices in order to meet their investment objectives; in addition, the Sub-Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well.
Performance Objective: To provide a return that is in line with that of the benchmark.
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
| Daily price (24/07/2024) | 614.40 |
| Fund size (30/06/2024) | £16.92m |
| Underlying Fund size | £16.92m |
| Number of holdings | 1740 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 30/04/2002 |
Asset Allocation
| International Equities | 87.41% | |
| Cash and Equivalents | 9.56% | |
| Property | 1.04% | |
| International Bonds | 0.15% | |
| UK Equities | 0.06% | |
| Other Assets | 1.78% |
Commentary
Performance as at Q1 2024 - Further declines in inflation across most major economies. Inflation in many countries still above central banks' target levels, there was a shift in expectations regarding when central banks will begin to unwind the current tightening cycle. Buoyed by subsiding inflationary pressures, robust economic data and the prospect of oncoming rate cuts concluded with solid gains for global equity markets. The rally in bond markets at the end of 2023 faded in the first quarter as investors pushed back their timing of potential interest rate cuts by central banks. Asia Pacific ex Japan lagged the FTSE World Index, largely due to the poor performance of China and Hong Kong. The region's largest stockmarket, China, got off to a shaky start as investors continued to fret about weakness of its property sector. Another notable laggard was Thailand. Better-performing markets included Taiwan, South Korea and India. All three markets have significant technology exposure (particularly the first two) and benefited from the strength of this sector. India's stockmarket reached a record high during the quarter as economic growth in the final three months of 2023 came in above expectations. US equities had a robust rally and outperformed the global market. The S&P 500 Index repeatedly hit record highs as share prices continued their upward momentum from last year. Positive investor sentiment was supported by optimism about the US economy and the prospect of interest rate cuts. Continued excitement about AI (Artifcial Intelligence) drove the market gains. Information technology stocks were among the best performers although the market rally broadened beyond the technology sector, with energy and financial stocks also outperforming the wider market. Consumer discretionary, real estate and utilities were notable laggards. Canada's stockmarket also made a positive start. European equities rose. Decent corporate earnings, the continued gradual decline in inflation and expectations of interest rate cuts helped fuel investors' risk appetite. Information technology stocks led the way amid ongoing excitement about the potential of AI. Consumer discretionary and financial stocks also delivered returns ahead of the broader market. Real estate and utilities, two sectors regarded as sensitive to interest rates, underperformed, along with consumer staples. Italy and the Netherlands were among the best performers, and Finland and Switzerland were among the weakest. The Japanese stockmarket rallied fiercely in local currency terms, with the Nikkei 225 breaching 40,000 for the first time. Returns to sterling-based investors were dampened somewhat by the weakness of the yen. Within the market technology shares made big gains on the back of a positive earnings season. Around the middle of March, the Bank of Japan ended its negative interest rate policy and raised interest rates - the first time there has been an increase since 2007. Officials set a policy rate range of between 0% and 0.1%, saying its 2% inflation target had come into sight, but pledged to continue buying Japanese government bonds and said financial conditions would remain accommodative. The move was widely expected and came after workers at some of Japan's largest companies secured their biggest pay rise for many years. Overall, emerging market stocks lagged the FTSE World Index in the first quarter, held back by the underperformance of China and some Latin American markets. Better-performing markets included Taiwan, South Korea and India. In Europe, the Middle East and Africa (EMEA), Turkey's stockmarket performed strongly in sterling terms. In Latin America, larger markets such as Brazil and Mexico struggled over the quarter, despite both countries cutting interest rates in March. Some smaller markets, including Colombia and Peru, made strong gains.
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 | 87.41% | |
| Cash and Equivalents | 9.56% | |
| Property | 1.04% | |
| International Bonds | 0.15% | |
| UK Equities | 0.06% | |
| Other Assets | 1.78% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 19.21% | - | - | - | |
| Technology | - | 19.21% | - | - | |
| Technology Hardware & Equipment | - | - | 13.45% | - | |
| Semiconductors | - | - | - | 7.82% | |
| Production Technology Equipment | - | - | - | 2.27% | |
| Computer Hardware | - | - | - | 1.95% | |
| Electronic Components | - | - | - | 1.18% | |
| Electronic Office Equipment | - | - | - | 0.23% | |
| Software & Computer Services | - | - | 5.76% | - | |
| Consumer Digital Services | - | - | - | 2.52% | |
| Software | - | - | - | 2.28% | |
| Computer Services | - | - | - | 0.96% | |
| Financials | 17.19% | - | - | - | |
| Banks | - | 9.65% | - | - | |
| Banks | - | - | 9.65% | - | |
| Banks | - | - | - | 9.65% | |
| Insurance | - | 4.01% | - | - | |
| Non-life Insurance | - | - | 2.51% | - | |
| Full Line Insurance | - | - | - | 1.05% | |
| Property & Casualty Insurance | - | - | - | 0.89% | |
| Reinsurance | - | - | - | 0.34% | |
| Insurance Brokers | - | - | - | 0.23% | |
| Life Insurance | - | - | 1.50% | - | |
| Life Insurance | - | - | - | 1.50% | |
| Financial Services | - | 3.54% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.99% | - | |
| Investment Services | - | - | - | 1.47% | |
| Asset Managers & Custodians | - | - | - | 0.86% | |
| Diversified Financial Services | - | - | - | 0.67% | |
| Finance & Credit Services | - | - | 0.54% | - | |
| Financial Data & Systems | - | - | - | 0.44% | |
| Consumer Lending | - | - | - | 0.10% | |
| Industrials | 12.05% | - | - | - | |
| Industrial Goods & Services | - | 10.29% | - | - | |
| Electronic & Electrical Equipment | - | - | 2.21% | - | |
| Electrical Components | - | - | - | 1.77% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.20% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.16% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.05% | |
| Electronic Equipment: Other | - | - | - | 0.03% | |
| General Industrials | - | - | 2.13% | - | |
| Diversified Industrials | - | - | - | 1.67% | |
| Containers & Packaging | - | - | - | 0.19% | |
| Plastics | - | - | - | 0.14% | |
| Paints & Coatings | - | - | - | 0.11% | |
| Glass | - | - | - | 0.02% | |
| Industrial Engineering | - | - | 1.85% | - | |
| Machinery: Construction & Handling | - | - | - | 0.66% | |
| Machinery: Engines | - | - | - | 0.36% | |
| Machinery: Tools | - | - | - | 0.36% | |
| Machinery: Industrial | - | - | - | 0.32% | |
| Machinery: Agricultural | - | - | - | 0.15% | |
| Industrial Transportation | - | - | 1.76% | - | |
| Marine Transportation | - | - | - | 0.69% | |
| Transportation Services | - | - | - | 0.47% | |
| Railroads | - | - | - | 0.33% | |
| Delivery Services | - | - | - | 0.21% | |
| Trucking | - | - | - | 0.03% | |
| Commercial Vehicles & Parts | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.00% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 1.71% | - | |
| Transaction Processing Services | - | - | - | 0.59% | |
| Professional Business Support Services | - | - | - | 0.49% | |
| Industrial Suppliers | - | - | - | 0.28% | |
| Business Training & Employment Agencies | - | - | - | 0.20% | |
| Forms & Bulk Printing Services | - | - | - | 0.10% | |
| Security Services | - | - | - | 0.04% | |
| Aerospace & Defence | - | - | 0.63% | - | |
| Aerospace | - | - | - | 0.52% | |
| Defense | - | - | - | 0.11% | |
| Construction & Materials | - | 1.76% | - | - | |
| Construction & Materials | - | - | 1.76% | - | |
| Construction | - | - | - | 0.65% | |
| Building Materials: Other | - | - | - | 0.41% | |
| Building: Climate Control | - | - | - | 0.30% | |
| Cement | - | - | - | 0.29% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.08% | |
| Engineering & Contracting Services | - | - | - | 0.02% | |
| Consumer Discretionary | 10.54% | - | - | - | |
| Automobiles & Parts | - | 2.99% | - | - | |
| Automobiles & Parts | - | - | 2.99% | - | |
| Automobiles | - | - | - | 2.59% | |
| Auto Parts | - | - | - | 0.36% | |
| Tires | - | - | - | 0.05% | |
| Consumer Products & Services | - | 2.96% | - | - | |
| Personal Goods | - | - | 1.80% | - | |
| Clothing & Accessories | - | - | - | 0.90% | |
| Cosmetics | - | - | - | 0.42% | |
| Luxury Items | - | - | - | 0.30% | |
| Footwear | - | - | - | 0.19% | |
| Leisure Goods | - | - | 0.60% | - | |
| Consumer Electronics | - | - | - | 0.41% | |
| Electronic Entertainment | - | - | - | 0.15% | |
| Recreational Vehicles & Boats | - | - | - | 0.02% | |
| Toys | - | - | - | 0.02% | |
| Household Goods & Home Construction | - | - | 0.46% | - | |
| Household Appliance | - | - | - | 0.26% | |
| Home Construction | - | - | - | 0.21% | |
| Consumer Services | - | - | 0.09% | - | |
| Consumer Services: Misc. | - | - | - | 0.08% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.01% | |
| Education Services | - | - | - | 0.01% | |
| Retail | - | 2.80% | - | - | |
| Retailers | - | - | 2.80% | - | |
| Diversified Retailers | - | - | - | 1.64% | |
| Apparel Retailers | - | - | - | 0.84% | |
| Specialty Retailers | - | - | - | 0.32% | |
| Home Improvement Retailers | - | - | - | 0.01% | |
| Travel & Leisure | - | 1.13% | - | - | |
| Travel & Leisure | - | - | 1.13% | - | |
| Restaurants & Bars | - | - | - | 0.49% | |
| Airlines | - | - | - | 0.26% | |
| Hotels & Motels | - | - | - | 0.17% | |
| Recreational Services | - | - | - | 0.11% | |
| Travel & Tourism | - | - | - | 0.10% | |
| Media | - | 0.66% | - | - | |
| Media | - | - | 0.66% | - | |
| Media Agencies | - | - | - | 0.30% | |
| Publishing | - | - | - | 0.20% | |
| Entertainment | - | - | - | 0.13% | |
| Radio & TV Broadcasters | - | - | - | 0.03% | |
| Cash and Equivalents | 9.56% | - | - | - | |
| Health Care | 7.88% | - | - | - | |
| Health Care | - | 7.88% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.43% | - | |
| Pharmaceuticals | - | - | - | 4.98% | |
| Biotechnology | - | - | - | 0.45% | |
| Medical Equipment & Services | - | - | 1.87% | - | |
| Medical Equipment | - | - | - | 1.37% | |
| Medical Supplies | - | - | - | 0.46% | |
| Medical Services | - | - | - | 0.04% | |
| Health Care Providers | - | - | 0.58% | - | |
| Health Care Management Services | - | - | - | 0.44% | |
| Health Care Facilities | - | - | - | 0.13% | |
| Health Care Services | - | - | - | 0.00% | |
| Telecommunications | 4.69% | - | - | - | |
| Telecommunications | - | 4.69% | - | - | |
| Telecommunications Equipment | - | - | 2.63% | - | |
| Telecommunications Equipment | - | - | - | 2.63% | |
| Telecommunications Service Providers | - | - | 2.06% | - | |
| Telecommunications Services | - | - | - | 2.02% | |
| Cable Television Services | - | - | - | 0.04% | |
| Consumer Staples | 4.24% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.84% | - | - | |
| Food Producers | - | - | 1.82% | - | |
| Food Products | - | - | - | 1.76% | |
| Fruit & Grain Processing | - | - | - | 0.04% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Beverages | - | - | 1.02% | - | |
| Soft Drinks | - | - | - | 0.52% | |
| Brewers | - | - | - | 0.40% | |
| Distillers & Vintners | - | - | - | 0.11% | |
| Personal Care, Drug & Grocery Stores | - | 1.40% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.40% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.74% | |
| Personal Products | - | - | - | 0.50% | |
| Drug Retailers | - | - | - | 0.16% | |
| Nondurable Household Products | - | - | - | 0.00% | |
| Basic Materials | 4.00% | - | - | - | |
| Basic Resources | - | 2.47% | - | - | |
| Industrial Metals & Mining | - | - | 1.95% | - | |
| General Mining | - | - | - | 1.14% | |
| Iron & Steel | - | - | - | 0.49% | |
| Aluminum | - | - | - | 0.18% | |
| Nonferrous Metals | - | - | - | 0.07% | |
| Copper | - | - | - | 0.07% | |
| Metal Fabricating | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.32% | - | |
| Gold Mining | - | - | - | 0.31% | |
| Platinum & Precious Metals | - | - | - | 0.01% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.21% | - | |
| Paper | - | - | - | 0.15% | |
| Diversified Materials | - | - | - | 0.06% | |
| Chemicals | - | 1.53% | - | - | |
| Chemicals | - | - | 1.53% | - | |
| Chemicals: Diversified | - | - | - | 0.87% | |
| Specialty Chemicals | - | - | - | 0.48% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.10% | |
| Fertilizers | - | - | - | 0.08% | |
| Energy | 3.35% | - | - | - | |
| Energy | - | 3.35% | - | - | |
| Non-Renewable Energy | - | - | 3.32% | - | |
| Integrated Oil & Gas | - | - | - | 1.40% | |
| Oil: Crude Producers | - | - | - | 0.84% | |
| Oil Refining and Marketing | - | - | - | 0.66% | |
| Pipelines | - | - | - | 0.21% | |
| Oil Equipment & Services | - | - | - | 0.19% | |
| Coal | - | - | - | 0.01% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.04% | - | |
| Renewable Energy Equipment | - | - | - | 0.03% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Utilities | 2.80% | - | - | - | |
| Utilities | - | 2.80% | - | - | |
| Electricity | - | - | 1.90% | - | |
| Conventional Electricity | - | - | - | 1.55% | |
| Alternative Electricity | - | - | - | 0.36% | |
| Gas, Water & Multi-utilities | - | - | 0.79% | - | |
| Multi-Utilities | - | - | - | 0.49% | |
| Gas Distribution | - | - | - | 0.31% | |
| Waste & Disposal Services | - | - | 0.10% | - | |
| Waste & Disposal Services | - | - | - | 0.10% | |
| Real Estate | 2.29% | - | - | - | |
| Real Estate | - | 2.29% | - | - | |
| Real Estate Investment Trusts | - | - | 1.40% | - | |
| Diversified REITs | - | - | - | 0.41% | |
| Retail REITs | - | - | - | 0.24% | |
| Timber REITs | - | - | - | 0.19% | |
| Office REITs | - | - | - | 0.16% | |
| Industrial REITs | - | - | - | 0.15% | |
| Residential REITs | - | - | - | 0.13% | |
| Health Care REITs | - | - | - | 0.08% | |
| Hotel & Lodging REITs | - | - | - | 0.03% | |
| Other Specialty REITs | - | - | - | 0.01% | |
| Real Estate Investment & Services | - | - | 0.89% | - | |
| Real Estate Holding and Development | - | - | - | 0.79% | |
| Real Estate Services | - | - | - | 0.10% | |
| Non-Classified | 2.05% | - | - | - | |
| Non-Classified | - | 0.17% | - | - | |
| Non-Classified | - | - | 0.17% | - | |
| Non-Classified | - | - | - | 0.17% | |
| Bonds | 0.15% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 21.98% | |
| Emerging Asia | 21.67% | |
| Developed Europe - Excl UK | 20.41% | |
| Japan | 10.96% | |
| Cash and Equivalents | 9.56% | |
| Australia & New Zealand | 6.94% | |
| Developed Asia | 3.17% | |
| Non-Classified | 2.38% | |
| Property | 1.04% | |
| Other Regions | 1.88% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 90.29% | |
| Cash | 9.56% | |
| Euro | 0.10% | |
| Swiss Franc | 0.03% | |
| US Dollar | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 21.98% | - | |
United States
|
- | 19.62% | |
Canada
|
- | 2.36% | |
| Emerging Asia | 21.67% | - | |
Taiwan
|
- | 9.84% | |
South Korea
|
- | 6.27% | |
India
|
- | 1.88% | |
China
|
- | 1.77% | |
Malaysia
|
- | 0.93% | |
Thailand
|
- | 0.75% | |
Indonesia
|
- | 0.14% | |
Philippines
|
- | 0.07% | |
| Developed Europe - Excl UK | 20.41% | - | |
France
|
- | 4.06% | |
Switzerland
|
- | 3.86% | |
Germany
|
- | 2.83% | |
Netherlands
|
- | 2.39% | |
Denmark
|
- | 1.68% | |
Spain
|
- | 1.30% | |
Sweden
|
- | 1.28% | |
Ireland
|
- | 0.99% | |
Italy
|
- | 0.76% | |
Finland
|
- | 0.42% | |
Belgium
|
- | 0.38% | |
Norway
|
- | 0.22% | |
Portugal
|
- | 0.17% | |
Luxembourg
|
- | 0.06% | |
Austria
|
- | 0.02% | |
| Japan | 10.96% | - | |
Japan
|
- | 10.96% | |
| Cash and Equivalents | 9.56% | - | |
| Australia & New Zealand | 6.94% | - | |
Australia
|
- | 6.47% | |
New Zealand
|
- | 0.42% | |
New Caledonia
|
- | 0.06% | |
| Developed Asia | 3.17% | - | |
Hong Kong
|
- | 2.08% | |
Singapore
|
- | 1.09% | |
| Non-Classified | 2.38% | - | |
| Property | 1.04% | - | |
| Emerging Europe | 0.71% | - | |
Turkey
|
- | 0.32% | |
Greece
|
- | 0.20% | |
Poland
|
- | 0.09% | |
Hungary
|
- | 0.06% | |
Czech Republic
|
- | 0.03% | |
Russian Federation
|
- | 0.00% | |
| South & Central America | 0.67% | - | |
Brazil
|
- | 0.41% | |
Mexico
|
- | 0.18% | |
Chile
|
- | 0.05% | |
Colombia
|
- | 0.03% | |
| Middle East & Africa | 0.45% | - | |
South Africa
|
- | 0.24% | |
United Arab Emirates
|
- | 0.17% | |
Saudi Arabia
|
- | 0.03% | |
Israel
|
- | 0.01% | |
| UK | 0.06% | - | |
United Kingdom
|
- | 0.06% | |
Breakdown By Market Cap (%)
| Mega |
|
55.64% |
| Large |
|
22.22% |
| Medium |
|
5.43% |
| Small |
|
0.14% |
| Micro |
|
0.02% |
| Non-Classified |
|
6.84% |
| Bonds |
|
0.15% |
| Cash |
|
9.56% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.30% | Technology Hardware & Equipment | Taiwan |
| 2 | CME S&P EMI FUT Jun24 | 3.08% | Non-Classified | Non-Classified |
| 3 | SAMSUNG ELECTRONICS CO. LTD | 2.01% | Telecommunications Equipment | South Korea |
| 4 | ASML HOLDING N.V. | 1.05% | Technology Hardware & Equipment | Netherlands |
| 5 | MICROSOFT CORPORATION | 1.02% | Software & Computer Services | United States |
| 6 | APPLE | 0.98% | Technology Hardware & Equipment | United States |
| 7 | NOVO NORDISK A/S | 0.97% | Pharmaceuticals & Biotechnology | Denmark |
| 8 | NVIDIA CORPORATION | 0.81% | Technology Hardware & Equipment | United States |
| 9 | SK HYNIX | 0.78% | Technology Hardware & Equipment | South Korea |
| 10 | COMMONWEALTH BANK OF AUSTRALIA | 0.77% | Banks | Australia |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 19.21% | - | - | - | - | - | - | 19.21% |
| Telecommunications | - | 4.69% | - | 0.10% | - | - | - | - | 4.79% |
| Financials | - | 17.19% | - | 0.03% | - | - | - | - | 17.22% |
| Real Estate | - | 1.25% | - | - | - | 1.04% | - | - | 2.30% |
| Consumer Discretionary | - | 10.54% | - | 0.02% | - | - | - | - | 10.56% |
| Consumer Staples | 0.05% | 4.19% | - | - | - | - | - | - | 4.24% |
| Energy | - | 3.35% | - | - | - | - | - | - | 3.35% |
| Utilities | - | 2.80% | - | - | - | - | - | - | 2.80% |
| Health Care | - | 7.88% | - | - | - | - | - | - | 7.88% |
| Industrials | - | 12.05% | - | - | - | - | - | - | 12.05% |
| Basic Materials | - | 4.00% | - | - | - | - | 0.01% | - | 4.01% |
| Cash and Equivalents | - | - | - | - | - | - | - | 9.56% | 9.56% |
| Non-Classified | - | 0.26% | - | - | - | - | 1.77% | - | 2.03% |
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 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 | 3169395 |
| Mex Code | PUOEU |
| Isin Code | GB0031693954 |
| Citi Code | P281 |
Fund Charges
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Overseas Equity Index Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their Indices in order to meet their investment objectives; in addition, the Sub-Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well. Performance Objective: To provide a return that is in line with that of the benchmark. |
| Benchmark | Mix of FTSE and MSCI Regional Indices |
| Sector | ABI 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 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 | -1.01 |
| Beta | 1.00 |
| Sharpe | 0.20 |
| Standard Deviation | 10.90 |
| Info Ratio | -0.23 |
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 | No |
| Umbrella Liabilities | No |
| 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.
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.