PIA Fidelity European Multi Asset Income Ser B EUR
Performance
Discrete performance - to last month end
| 31/07/17 to 31/07/18 |
31/07/18 to 31/07/19 |
31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
|
|---|---|---|---|---|---|
| Fund | -0.1% | 0.7% | -4.6% | 11.9% | -8.5% |
| Sector | 2.3% | 3.1% | -1.4% | 15.1% | -3.4% |
| Rank | 191/212 | 166/233 | 184/243 | 187/260 | 227/275 |
| Quartile | 4 | 3 | 4 | 3 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/22 |
5 Years to 31/07/22 |
10 Years to 31/07/22 |
||
| Fund | -0.8% | -0.4% | 3.7% | |
| Sector | 3.1% | 2.9% | 3.2% | |
| Rank | 219/243 | 191/212 | 62/141 | |
| Quartile | 4 | 4 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| GERMANY FEDERAL REPUBLIC OF 0% 02/15/2032 REGS | 2.69 |
| UNITED KINGDOM G.B.&N.IRELAND 0% 07/25/2022 | 1.79 |
| Gravis Capital Management Ltd GCP Infrastructure Investments Ltd Ord GBP0.01 | 0.78 |
| UNITED KINGDOM G.B.&N.IRELAND 0% 08/30/2022 | 0.74 |
| Greencoat Renewables Plc Greencoat Renewables Plc EUR0.01 | 0.68 |
| VOLKSWAGEN INTL FINANCE NV 4.375%/VAR PERP REGS | 0.64 |
| Sequoia Investment Management Company Sequoia Economic Infrastructure Income Fund Ord NPV | 0.60 |
| BAYER AG 5.375%/VAR 03/25/2082 REGS | 0.59 |
| ALLIANZ SE 3MEUR 4.252%/VAR 07/05/2052 REGS | 0.58 |
| SANOFI | 0.56 |
| Total | 9.66 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Fidelity European Multi Asset Income Fund - the underlying fund.
Underlying Fund Objective: The fund aims to provide income by investing primarily in equities and fixed income securities issued by both companies that are listed in, or have their registered office in, or exercise a majority of their activity in Europe, and European governments. The fund will actively allocate to, and within, different asset classes based on their potential to generate income. The main asset classes in which the fund will invest include fixed income securities (including investment grade and high yield bonds), equities and alternative assets, such as (but not limited to) infrastructure securities and closed-ended REITs. A minimum of 50% of the fund’s net assets will be invested in securities deemed to maintain sustainable characteristics. The fund is actively managed without reference to an index. The fund’s exposure to Distressed Securities is limited to 10% of its assets.
The fund may invest up to 20% of its net assets in non-European investments (including less than 10% of its net assets in China shares and fixed income securities). The fund is denominated in euros.
Fund Manager
George joined Fidelity in September 2011 as a Fixed Income Research Analyst for Fidelity Solutions, and was promoted to Assistant Portfolio Manager in December 2013. He became a Co-Portfolio Manager in January 2015. Prior to joining Fidelity, George was responsible for Fixed Income manager research and portfolio management at Stamford Associates. George began his career with Russell Investments where he joined as a capital markets intern before participating in the graduate scheme at Russell’s headquarters in Seattle, US. He then returned to London in the capacity of portfolio analyst and subsequently research analyst in the Fixed Income team. He received an MSc in Management Science and Operational Research from Warwick Business School in 2004 and a BSc in Management from the University of Southampton in 2003.
Eugene Philalithis joined Fidelity in 2006 as a portfolio manager within our Global High Income team, before moving to the MultiManager Income team in 2009. Prior to this he was spent seven years at Russell Investments, preceded by the Canadian Bank of Commerce in Singapore, where he started in 1996. Eugene holds both a Bachelor of Engineering and an MBA from Imperial College London
Fund Overview
| Bid (05/08/2022) | 1.65 |
| Offer (05/08/2022) | 1.74 |
| Fund size (30/06/2022) | €1.57m |
| Underlying Fund size | £531.72m |
| Number of holdings | 2049 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.58% |
| Further Costs | 0.42% |
| Yearly Total | 2.00% |
Asset Allocation
| International Bonds | 29.25% | |
| International Equities | 14.89% | |
| Cash and Equivalents | 8.76% | |
| UK Corporate Bonds | 7.61% | |
| UK Equities | 6.18% | |
| Investment Trusts | 4.88% | |
| Alternative Trading Strategies | 1.18% | |
| Money Market | 0.73% | |
| UK Gilts | 0.46% | |
| Other Assets | 26.06% |
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 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
| International Bonds | 29.25% | |
| International Equities | 14.89% | |
| Cash and Equivalents | 8.76% | |
| UK Corporate Bonds | 7.61% | |
| UK Equities | 6.18% | |
| Investment Trusts | 4.88% | |
| Alternative Trading Strategies | 1.18% | |
| Money Market | 0.73% | |
| UK Gilts | 0.46% | |
| Other Assets | 26.06% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 37.32% | - | - | - | |
| Non-Classified | 27.70% | - | - | - | |
| Financials | 9.54% | - | - | - | |
| Financial Services | - | 6.30% | - | - | |
| Equity Investment Instruments | - | - | 4.88% | - | |
| Equity Investment Instruments | - | - | - | 4.88% | |
| Investment Banking & Brokerage Services | - | - | 1.36% | - | |
| Asset Managers & Custodians | - | - | - | 0.63% | |
| Investment Services | - | - | - | 0.44% | |
| Diversified Financial Services | - | - | - | 0.30% | |
| Finance & Credit Services | - | - | 0.06% | - | |
| Financial Data & Systems | - | - | - | 0.03% | |
| Consumer Lending | - | - | - | 0.02% | |
| Mortgage Finance | - | - | - | 0.01% | |
| Insurance | - | 1.97% | - | - | |
| Non-life Insurance | - | - | 1.69% | - | |
| Full Line Insurance | - | - | - | 1.03% | |
| Property & Casualty Insurance | - | - | - | 0.40% | |
| Reinsurance | - | - | - | 0.22% | |
| Insurance Brokers | - | - | - | 0.04% | |
| Life Insurance | - | - | 0.28% | - | |
| Life Insurance | - | - | - | 0.28% | |
| Banks | - | 1.27% | - | - | |
| Banks | - | - | 1.27% | - | |
| Banks | - | - | - | 1.27% | |
| Cash and Equivalents | 9.49% | - | - | - | |
| Consumer Staples | 2.55% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.36% | - | - | |
| Food Producers | - | - | 0.74% | - | |
| Food Products | - | - | - | 0.69% | |
| Fruit & Grain Processing | - | - | - | 0.03% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Beverages | - | - | 0.52% | - | |
| Distillers & Vintners | - | - | - | 0.28% | |
| Soft Drinks | - | - | - | 0.15% | |
| Brewers | - | - | - | 0.09% | |
| Tobacco | - | - | 0.10% | - | |
| Tobacco | - | - | - | 0.10% | |
| Personal Care, Drug & Grocery Stores | - | 1.19% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.19% | - | |
| Personal Products | - | - | - | 0.57% | |
| Food Retailers & Wholesalers | - | - | - | 0.36% | |
| Nondurable Household Products | - | - | - | 0.27% | |
| Health Care | 2.48% | - | - | - | |
| Health Care | - | 2.48% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.05% | - | |
| Pharmaceuticals | - | - | - | 2.04% | |
| Biotechnology | - | - | - | 0.01% | |
| Medical Equipment & Services | - | - | 0.28% | - | |
| Medical Equipment | - | - | - | 0.23% | |
| Medical Supplies | - | - | - | 0.05% | |
| Health Care Providers | - | - | 0.15% | - | |
| Health Care Services | - | - | - | 0.12% | |
| Health Care Facilities | - | - | - | 0.03% | |
| Industrials | 2.18% | - | - | - | |
| Industrial Goods & Services | - | 1.52% | - | - | |
| General Industrials | - | - | 0.48% | - | |
| Diversified Industrials | - | - | - | 0.35% | |
| Containers & Packaging | - | - | - | 0.13% | |
| Industrial Support Services | - | - | 0.35% | - | |
| Industrial Suppliers | - | - | - | 0.13% | |
| Transaction Processing Services | - | - | - | 0.08% | |
| Security Services | - | - | - | 0.07% | |
| Business Training & Employment Agencies | - | - | - | 0.05% | |
| Professional Business Support Services | - | - | - | 0.02% | |
| Electronic & Electrical Equipment | - | - | 0.29% | - | |
| Electrical Components | - | - | - | 0.25% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.04% | |
| Industrial Engineering | - | - | 0.27% | - | |
| Machinery: Tools | - | - | - | 0.11% | |
| Machinery: Industrial | - | - | - | 0.06% | |
| Machinery: Construction & Handling | - | - | - | 0.06% | |
| Machinery: Specialty | - | - | - | 0.04% | |
| Industrial Transportation | - | - | 0.12% | - | |
| Delivery Services | - | - | - | 0.07% | |
| Commercial Vehicles & Parts | - | - | - | 0.05% | |
| Construction & Materials | - | 0.66% | - | - | |
| Construction & Materials | - | - | 0.66% | - | |
| Construction | - | - | - | 0.23% | |
| Engineering & Contracting Services | - | - | - | 0.19% | |
| Building Materials: Other | - | - | - | 0.12% | |
| Cement | - | - | - | 0.12% | |
| Consumer Discretionary | 2.11% | - | - | - | |
| Consumer Products & Services | - | 1.11% | - | - | |
| Personal Goods | - | - | 0.70% | - | |
| Clothing & Accessories | - | - | - | 0.52% | |
| Cosmetics | - | - | - | 0.09% | |
| Luxury Items | - | - | - | 0.05% | |
| Footwear | - | - | - | 0.04% | |
| Household Goods & Home Construction | - | - | 0.30% | - | |
| Home Construction | - | - | - | 0.27% | |
| Household Appliance | - | - | - | 0.04% | |
| Leisure Goods | - | - | 0.09% | - | |
| Toys | - | - | - | 0.05% | |
| Recreational Products | - | - | - | 0.04% | |
| Consumer Services | - | - | 0.01% | - | |
| Consumer Services: Misc. | - | - | - | 0.01% | |
| Media | - | 0.58% | - | - | |
| Media | - | - | 0.58% | - | |
| Publishing | - | - | - | 0.50% | |
| Media Agencies | - | - | - | 0.08% | |
| Retail | - | 0.26% | - | - | |
| Retailers | - | - | 0.26% | - | |
| Diversified Retailers | - | - | - | 0.09% | |
| Apparel Retailers | - | - | - | 0.07% | |
| Specialty Retailers | - | - | - | 0.07% | |
| Home Improvement Retailers | - | - | - | 0.03% | |
| Automobiles & Parts | - | 0.12% | - | - | |
| Automobiles & Parts | - | - | 0.12% | - | |
| Auto Parts | - | - | - | 0.09% | |
| Automobiles | - | - | - | 0.02% | |
| Tires | - | - | - | 0.01% | |
| Travel & Leisure | - | 0.05% | - | - | |
| Travel & Leisure | - | - | 0.05% | - | |
| Airlines | - | - | - | 0.04% | |
| Hotels & Motels | - | - | - | 0.01% | |
| Utilities | 1.54% | - | - | - | |
| Utilities | - | 1.54% | - | - | |
| Electricity | - | - | 1.27% | - | |
| Alternative Electricity | - | - | - | 0.69% | |
| Conventional Electricity | - | - | - | 0.58% | |
| Gas, Water & Multi-utilities | - | - | 0.27% | - | |
| Multi-Utilities | - | - | - | 0.17% | |
| Water | - | - | - | 0.11% | |
| Technology | 1.25% | - | - | - | |
| Technology | - | 1.25% | - | - | |
| Software & Computer Services | - | - | 0.72% | - | |
| Software | - | - | - | 0.43% | |
| Computer Services | - | - | - | 0.15% | |
| Consumer Digital Services | - | - | - | 0.14% | |
| Technology Hardware & Equipment | - | - | 0.53% | - | |
| Computer Hardware | - | - | - | 0.20% | |
| Production Technology Equipment | - | - | - | 0.18% | |
| Semiconductors | - | - | - | 0.15% | |
| Alternative Trading Strategies | 1.18% | - | - | - | |
| Alternative Trading Strategies | - | 1.18% | - | - | |
| Alternative Trading Strategies | - | - | 1.18% | - | |
| Alternative Trading Strategies | - | - | - | 1.18% | |
| Telecommunications | 0.76% | - | - | - | |
| Telecommunications | - | 0.76% | - | - | |
| Telecommunications Service Providers | - | - | 0.72% | - | |
| Telecommunications Services | - | - | - | 0.72% | |
| Telecommunications Equipment | - | - | 0.05% | - | |
| Telecommunications Equipment | - | - | - | 0.05% | |
| Energy | 0.75% | - | - | - | |
| Energy | - | 0.75% | - | - | |
| Non-Renewable Energy | - | - | 0.75% | - | |
| Integrated Oil & Gas | - | - | - | 0.52% | |
| Pipelines | - | - | - | 0.15% | |
| Oil: Crude Producers | - | - | - | 0.07% | |
| Oil Equipment & Services | - | - | - | 0.02% | |
| Basic Materials | 0.75% | - | - | - | |
| Basic Resources | - | 0.51% | - | - | |
| Industrial Metals & Mining | - | - | 0.30% | - | |
| General Mining | - | - | - | 0.25% | |
| Iron & Steel | - | - | - | 0.04% | |
| Metal Fabricating | - | - | - | 0.01% | |
| Industrial Materials | - | - | 0.10% | - | |
| Paper | - | - | - | 0.10% | |
| Precious Metals & Mining | - | - | 0.10% | - | |
| Gold Mining | - | - | - | 0.10% | |
| Chemicals | - | 0.24% | - | - | |
| Chemicals | - | - | 0.24% | - | |
| Specialty Chemicals | - | - | - | 0.19% | |
| Fertilizers | - | - | - | 0.04% | |
| Real Estate | 0.38% | - | - | - | |
| Real Estate | - | 0.38% | - | - | |
| Real Estate Investment & Services | - | - | 0.29% | - | |
| Real Estate Holding and Development | - | - | - | 0.29% | |
| Real Estate Investment Trusts | - | - | 0.09% | - | |
| Office REITs | - | - | - | 0.07% | |
| Health Care REITs | - | - | - | 0.02% | |
Regional Allocation
| Developed Europe - Excl UK | 35.57% | |
| Non-Classified | 32.41% | |
| UK | 14.66% | |
| Cash and Equivalents | 9.49% | |
| North America | 2.49% | |
| Middle East & Africa | 1.33% | |
| South & Central America | 1.18% | |
| Emerging Europe | 1.11% | |
| Emerging Asia | 1.04% | |
| Other Regions | 0.72% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 57.47% | |
| Euro | 20.16% | |
| US Dollar | 8.99% | |
| Pound Sterling | 6.82% | |
| Cash | 5.21% | |
| Brazilian Real | 0.20% | |
| Other Currencies | 1.15% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 35.57% | - | |
France
|
- | 8.02% | |
Germany
|
- | 4.83% | |
Netherlands
|
- | 3.84% | |
Italy
|
- | 3.74% | |
Switzerland
|
- | 3.24% | |
Spain
|
- | 3.07% | |
Luxembourg
|
- | 2.35% | |
Sweden
|
- | 1.73% | |
Ireland
|
- | 1.69% | |
Finland
|
- | 0.96% | |
Denmark
|
- | 0.63% | |
Portugal
|
- | 0.53% | |
Austria
|
- | 0.51% | |
Norway
|
- | 0.25% | |
Belgium
|
- | 0.18% | |
| Non-Classified | 32.41% | - | |
| UK | 14.66% | - | |
United Kingdom
|
- | 14.25% | |
| Cash and Equivalents | 9.49% | - | |
| North America | 2.49% | - | |
United States
|
- | 2.47% | |
Canada
|
- | 0.01% | |
| Middle East & Africa | 1.33% | - | |
South Africa
|
- | 0.46% | |
United Arab Emirates
|
- | 0.42% | |
Oman
|
- | 0.10% | |
Qatar
|
- | 0.08% | |
Israel
|
- | 0.05% | |
Uganda
|
- | 0.03% | |
Saudi Arabia
|
- | 0.03% | |
Ghana
|
- | 0.03% | |
Morocco
|
- | 0.03% | |
Cote D'Ivoire
|
- | 0.02% | |
Egypt
|
- | 0.02% | |
Nigeria
|
- | 0.01% | |
Zambia
|
- | 0.01% | |
Kuwait
|
- | 0.01% | |
Kenya
|
- | 0.01% | |
Lebanon
|
- | 0.01% | |
Ethiopia
|
- | 0.00% | |
Gabon
|
- | 0.00% | |
Iraq
|
- | 0.00% | |
Angola
|
- | 0.00% | |
Tunisia
|
- | 0.00% | |
Senegal
|
- | 0.00% | |
| South & Central America | 1.18% | - | |
Brazil
|
- | 0.32% | |
Mexico
|
- | 0.28% | |
Colombia
|
- | 0.15% | |
Peru
|
- | 0.10% | |
Uruguay
|
- | 0.07% | |
Chile
|
- | 0.06% | |
Dominican Republic
|
- | 0.05% | |
Ecuador
|
- | 0.05% | |
Costa Rica
|
- | 0.04% | |
Jamaica
|
- | 0.03% | |
Argentina
|
- | 0.01% | |
Guatemala
|
- | 0.01% | |
Honduras
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
Paraguay
|
- | 0.00% | |
El Salvador
|
- | 0.00% | |
Venezuela
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Emerging Europe | 1.11% | - | |
Greece
|
- | 0.54% | |
Czech Republic
|
- | 0.28% | |
Turkey
|
- | 0.09% | |
Romania
|
- | 0.09% | |
Hungary
|
- | 0.03% | |
Croatia
|
- | 0.02% | |
Ukraine
|
- | 0.02% | |
Serbia
|
- | 0.02% | |
Poland
|
- | 0.01% | |
Belarus
|
- | 0.00% | |
Slovenia
|
- | 0.00% | |
Bulgaria
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
| Emerging Asia | 1.04% | - | |
China
|
- | 0.17% | |
Georgia
|
- | 0.17% | |
Indonesia
|
- | 0.16% | |
Malaysia
|
- | 0.10% | |
Philippines
|
- | 0.10% | |
Kazakhstan
|
- | 0.08% | |
Thailand
|
- | 0.05% | |
Taiwan
|
- | 0.04% | |
South Korea
|
- | 0.03% | |
Azerbaijan
|
- | 0.03% | |
India
|
- | 0.03% | |
Armenia
|
- | 0.03% | |
Uzbekistan
|
- | 0.02% | |
Mongolia
|
- | 0.01% | |
Sri Lanka
|
- | 0.01% | |
Pakistan
|
- | 0.00% | |
Viet Nam
|
- | 0.00% | |
| Property | 0.42% | - | |
| Japan | 0.13% | - | |
Japan
|
- | 0.13% | |
| Developed Asia | 0.12% | - | |
Hong Kong
|
- | 0.11% | |
Singapore
|
- | 0.01% | |
| Australia & New Zealand | 0.04% | - | |
Australia
|
- | 0.04% | |
Breakdown By Market Cap (%)
| Mega |
|
9.71% |
| Large |
|
5.99% |
| Medium |
|
5.60% |
| Small |
|
1.46% |
| Micro |
|
0.06% |
| Non-Classified |
|
30.37% |
| Bonds |
|
37.32% |
| Cash |
|
9.49% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
16.06% |
| 5Yr - 10Yr Maturity |
|
8.09% |
| 10Yr - 15Yr Maturity |
|
0.99% |
| > 15Yr Maturity |
|
11.58% |
| Cash And Equivalents |
|
9.49% |
| Unknown Maturity |
|
28.23% |
| Other Asset Types |
|
25.56% |
Fixed Interest Quality Profile
| AAA |
|
0.03% |
| AA |
|
0.71% |
| A |
|
0.98% |
| BBB |
|
3.47% |
| Sub-Investment Grade |
|
13.54% |
| Unknown Quality |
|
18.00% |
| Cash and Equivalents |
|
9.49% |
| Other Asset Types |
|
53.79% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | GERMANY FEDERAL REPUBLIC OF 0% 02/15/2032 REGS | 2.69% | Non-Classified | Non-Classified |
| 2 | UNITED KINGDOM G.B.&N.IRELAND 0% 07/25/2022 | 1.79% | Non-Classified | Non-Classified |
| 3 | Gravis Capital Management Ltd GCP Infrastructure Investments Ltd Ord GBP0.01 | 0.78% | Non-Classified | Non-Classified |
| 4 | UNITED KINGDOM G.B.&N.IRELAND 0% 08/30/2022 | 0.74% | Non-Classified | Non-Classified |
| 5 | Greencoat Renewables Plc Greencoat Renewables Plc EUR0.01 | 0.68% | Electricity | Ireland |
| 6 | VOLKSWAGEN INTL FINANCE NV 4.375%/VAR PERP REGS | 0.64% | Non-Classified | Non-Classified |
| 7 | Sequoia Investment Management Company Sequoia Economic Infrastructure Income Fund Ord NPV | 0.60% | Bonds | Non-Classified |
| 8 | BAYER AG 5.375%/VAR 03/25/2082 REGS | 0.59% | Non-Classified | Non-Classified |
| 9 | ALLIANZ SE 3MEUR 4.252%/VAR 07/05/2052 REGS | 0.58% | Non-Classified | Non-Classified |
| 10 | SANOFI | 0.56% | Pharmaceuticals & Biotechnology | France |
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 | B0MSS52 |
| Mex Code | SBFIDE |
| Isin Code | IE00B0MSS528 |
| Citi Code | TJ75 |
Fund Charges
| Annual Management Charge (AMC) | 1.58% |
| Further Costs | 0.42% |
| Yearly Total | 2.00% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the Fidelity European Multi Asset Income Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide income by investing primarily in equities and fixed income securities issued by both companies that are listed in, or have their registered office in, or exercise a majority of their activity in Europe, and European governments. The fund will actively allocate to, and within, different asset classes based on their potential to generate income. The main asset classes in which the fund will invest include fixed income securities (including investment grade and high yield bonds), equities and alternative assets, such as (but not limited to) infrastructure securities and closed-ended REITs. A minimum of 50% of the fund’s net assets will be invested in securities deemed to maintain sustainable characteristics. The fund is actively managed without reference to an index. The fund’s exposure to Distressed Securities is limited to 10% of its assets. The fund may invest up to 20% of its net assets in non-European investments (including less than 10% of its net assets in China shares and fixed income securities). The fund is denominated in euros. |
| Benchmark | Not benchmarked |
| ABI Sector | Mixed Investment 20-60% Shares |
Ratings
| FE Crown |  |
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 | -1.11 |
| Beta | 1.03 |
| Sharpe | 0.00 |
| Standard Deviation | 10.13 |
| Info Ratio | -0.36 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| 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 | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | Yes |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
Offshore
The fund is not UK domiciled, and investors are not normally entitled to compensation through the UK Financial Services Compensation Scheme.
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.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
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 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
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 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.