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 | -17.8% | 35.8% | 6.8% | 0.0% | 9.6% |
Benchmark | -14.0% | 31.6% | 9.5% | 2.3% | 10.6% |
Quarter | Annualised | |||
---|---|---|---|---|
1 2024 |
3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
|
Fund | 4.9% | 5.4% | 5.5% | 6.3% |
Benchmark | 5.0% | 7.4% | 7.0% | 7.2% |
Stock | % Weight |
---|---|
ASTRAZENECA | 3.46 |
HSBC HOLDINGS | 3.37 |
UNILEVER | 2.40 |
BP | 2.15 |
SHELL | 2.14 |
GSK | 1.94 |
DIAGEO | 1.58 |
TAIWAN SEMICONDUCTOR MANUFACTURING CO. | 1.09 |
LONDON STOCK EXCHANGE GROUP | 1.08 |
RIO TINTO | 1.02 |
Total | 20.22 |
Objective: The investment strategy of the fund is to purchase units in the M&G PP Global Equity Fund - the underlying fund.
Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 60% UK equity and 40% mix of overseas company shares. For the overseas shares the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office (T&IO). 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.
Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
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.
Bid (18/04/2024) | 9.65 |
Offer (18/04/2024) | 10.16 |
Fund size (29/02/2024) | £67.68m |
Underlying Fund size | £114.48m |
Number of holdings | 3059 |
Launch date | 02/07/1991 |
Annual Management Charge (AMC) | 0.75% |
Further Costs | 0.03% |
Yearly Total | 0.78% |
UK Equities | 50.27% | |
International Equities | 35.28% | |
Cash and Equivalents | 10.82% | |
Property | 1.54% | |
Investment Trusts | 0.69% | |
Money Market | 0.12% | |
International Bonds | 0.05% | |
Alternative Trading Strategies | 0.00% | |
Other Assets | 1.24% |
Performance as at Q4 2023 - It was a positive fourth quarter for most financial assets, with investor sentiment supported by the easing of inflationary pressures, optimism about forthcoming rate cuts by central banks and a potential economic ‘soft landing’. After an initial period of weakness, the year ended with a powerful two-month rally in equity markets. The fund gained in the quarter and was behind the benchmark and comparator. Europe and the US were among the strongest performers, while all main markets registered gains, all in sterling All statistics from M&G internal sources as at 31.12.23, unless indicated otherwise. terms. The European Central Bank kept interest rates on hold during the quarter and investors became more optimistic about interest rate cuts in 2024. Similarly, US equities were supported by increased speculation that the US Federal Reserve had ended its interest rate hiking cycle as inflation continues to fall. Pacific and emerging markets were held back by the weak performance of China and Hong Kong. Interest rates in Japan are very low but the Japanese stockmarket rallied on the back of hopes that rates in other major economies had peaked and would begin falling in 2024. The UK was one of the weaker regions globally, as concerns about the subdued economy weighed on sentiment. Stockpicking in the US was beneficial, while selection in the UK detracted. So too did stockpicks in Pacific markets, Europe, Japan and emerging markets, although to a lesser extent. As inflation continues to ease, alongside the positive fundamentals of the US economy and the potential for a beneficial ‘spillover’ impact on the global economy, we retain a moderately above-benchmark (overweight) position in equities. As part of the long-term strategic asset allocation review, we implemented a small update to the portfolio, reducing our exposure to UK equities, with the proceeds being recycled into the other international regions. In a tactical move, we switched some of our overweight equity position by adding to European equities, with slight reductions in US, China, Japan, Asia and emerging markets. Thus we diversified our existing overweight, but kept general risk levels in the portfolio unchanged. While central banks continue to keep monetary policy tight enough to drive inflation back towards the 2% target, there is growing evidence of a continued softening in the pace of price rises. This has led investors to focus on the potential for central banks to ease policy rates to prevent further restriction to the economy and prospects for a global economic ‘soft landing’. Recent price moves suggest equities and bonds are priced for this ‘goldilocks’ outcome, although evidence increasingly suggests that higher borrowing costs are slowing economic activity.
Source: M&G
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.
UK Equities | 50.27% | |
International Equities | 35.28% | |
Cash and Equivalents | 10.82% | |
Property | 1.54% | |
Investment Trusts | 0.69% | |
Money Market | 0.12% | |
International Bonds | 0.05% | |
Alternative Trading Strategies | 0.00% | |
Other Assets | 1.24% |
Industry | Supersector | Sector | Subsector | ||
---|---|---|---|---|---|
Financials | 19.65% | - | - | - | |
Banks | - | 9.43% | - | - | |
Banks | - | - | 9.43% | - | |
Banks | - | - | - | 9.43% | |
Financial Services | - | 6.16% | - | - | |
Investment Banking & Brokerage Services | - | - | 4.04% | - | |
Asset Managers & Custodians | - | - | - | 2.65% | |
Investment Services | - | - | - | 1.07% | |
Diversified Financial Services | - | - | - | 0.32% | |
Finance & Credit Services | - | - | 1.42% | - | |
Financial Data & Systems | - | - | - | 1.24% | |
Mortgage Finance | - | - | - | 0.14% | |
Consumer Lending | - | - | - | 0.04% | |
Equity Investment Instruments | - | - | 0.69% | - | |
Equity Investment Instruments | - | - | - | 0.69% | |
Nonequity Investment Instruments | - | - | 0.01% | - | |
Nonequity Investment Instruments | - | - | - | 0.01% | |
Insurance | - | 4.05% | - | - | |
Life Insurance | - | - | 2.60% | - | |
Life Insurance | - | - | - | 2.60% | |
Non-life Insurance | - | - | 1.45% | - | |
Property & Casualty Insurance | - | - | - | 0.91% | |
Full Line Insurance | - | - | - | 0.41% | |
Reinsurance | - | - | - | 0.12% | |
Insurance Brokers | - | - | - | 0.02% | |
Industrials | 12.51% | - | - | - | |
Industrial Goods & Services | - | 11.24% | - | - | |
Industrial Support Services | - | - | 3.20% | - | |
Professional Business Support Services | - | - | - | 1.71% | |
Business Training & Employment Agencies | - | - | - | 0.50% | |
Transaction Processing Services | - | - | - | 0.48% | |
Industrial Suppliers | - | - | - | 0.46% | |
Security Services | - | - | - | 0.04% | |
Forms & Bulk Printing Services | - | - | - | 0.01% | |
General Industrials | - | - | 2.08% | - | |
Diversified Industrials | - | - | - | 1.18% | |
Containers & Packaging | - | - | - | 0.78% | |
Plastics | - | - | - | 0.10% | |
Glass | - | - | - | 0.02% | |
Paints & Coatings | - | - | - | 0.00% | |
Industrial Transportation | - | - | 2.04% | - | |
Marine Transportation | - | - | - | 0.63% | |
Transportation Services | - | - | - | 0.46% | |
Commercial Vehicle-Equipment Leasing | - | - | - | 0.32% | |
Delivery Services | - | - | - | 0.28% | |
Railroads | - | - | - | 0.27% | |
Railroad Equipment | - | - | - | 0.04% | |
Commercial Vehicles & Parts | - | - | - | 0.02% | |
Trucking | - | - | - | 0.02% | |
Industrial Engineering | - | - | 1.55% | - | |
Machinery: Industrial | - | - | - | 0.59% | |
Machinery: Construction & Handling | - | - | - | 0.46% | |
Machinery: Engines | - | - | - | 0.20% | |
Machinery: Tools | - | - | - | 0.17% | |
Machinery: Specialty | - | - | - | 0.11% | |
Machinery: Agricultural | - | - | - | 0.01% | |
Aerospace & Defence | - | - | 1.21% | - | |
Defense | - | - | - | 0.67% | |
Aerospace | - | - | - | 0.54% | |
Electronic & Electrical Equipment | - | - | 1.15% | - | |
Electrical Components | - | - | - | 0.70% | |
Electronic Equipment: Control & Filter | - | - | - | 0.22% | |
Electronic Equipment: Gauges & Meters | - | - | - | 0.17% | |
Electronic Equipment: Pollution Control | - | - | - | 0.06% | |
Construction & Materials | - | 1.28% | - | - | |
Construction & Materials | - | - | 1.28% | - | |
Construction | - | - | - | 0.45% | |
Building, Roofing/Wallboard & Plumbing | - | - | - | 0.22% | |
Engineering & Contracting Services | - | - | - | 0.22% | |
Building Materials: Other | - | - | - | 0.17% | |
Building: Climate Control | - | - | - | 0.13% | |
Cement | - | - | - | 0.09% | |
Consumer Discretionary | 11.25% | - | - | - | |
Consumer Products & Services | - | 2.55% | - | - | |
Consumer Services | - | - | 0.95% | - | |
Vending & Catering Service | - | - | - | 0.78% | |
Consumer Services: Misc. | - | - | - | 0.08% | |
Rental & Leasing Services: Consumer | - | - | - | 0.08% | |
Education Services | - | - | - | 0.00% | |
Leisure Goods | - | - | 0.62% | - | |
Toys | - | - | - | 0.24% | |
Consumer Electronics | - | - | - | 0.22% | |
Electronic Entertainment | - | - | - | 0.05% | |
Photography | - | - | - | 0.05% | |
Recreational Vehicles & Boats | - | - | - | 0.04% | |
Recreational Products | - | - | - | 0.02% | |
Household Goods & Home Construction | - | - | 0.61% | - | |
Home Construction | - | - | - | 0.56% | |
Household Appliance | - | - | - | 0.03% | |
Household Furnishings | - | - | - | 0.01% | |
Household Equipment & Products | - | - | - | 0.00% | |
Personal Goods | - | - | 0.37% | - | |
Clothing & Accessories | - | - | - | 0.21% | |
Cosmetics | - | - | - | 0.07% | |
Footwear | - | - | - | 0.05% | |
Luxury Items | - | - | - | 0.04% | |
Media | - | 2.51% | - | - | |
Media | - | - | 2.51% | - | |
Publishing | - | - | - | 1.41% | |
Media Agencies | - | - | - | 0.71% | |
Radio & TV Broadcasters | - | - | - | 0.27% | |
Entertainment | - | - | - | 0.12% | |
Retail | - | 2.42% | - | - | |
Retailers | - | - | 2.42% | - | |
Diversified Retailers | - | - | - | 1.39% | |
Home Improvement Retailers | - | - | - | 0.52% | |
Specialty Retailers | - | - | - | 0.30% | |
Apparel Retailers | - | - | - | 0.22% | |
Travel & Leisure | - | 2.05% | - | - | |
Travel & Leisure | - | - | 2.05% | - | |
Hotels & Motels | - | - | - | 0.54% | |
Casinos & Gambling | - | - | - | 0.46% | |
Restaurants & Bars | - | - | - | 0.38% | |
Recreational Services | - | - | - | 0.32% | |
Travel & Tourism | - | - | - | 0.21% | |
Airlines | - | - | - | 0.14% | |
Automobiles & Parts | - | 1.73% | - | - | |
Automobiles & Parts | - | - | 1.73% | - | |
Automobiles | - | - | - | 1.35% | |
Auto Parts | - | - | - | 0.38% | |
Tires | - | - | - | 0.00% | |
Cash and Equivalents | 10.82% | - | - | - | |
Health Care | 8.56% | - | - | - | |
Health Care | - | 8.56% | - | - | |
Pharmaceuticals & Biotechnology | - | - | 7.68% | - | |
Pharmaceuticals | - | - | - | 7.05% | |
Biotechnology | - | - | - | 0.64% | |
Medical Equipment & Services | - | - | 0.69% | - | |
Medical Equipment | - | - | - | 0.55% | |
Medical Supplies | - | - | - | 0.14% | |
Medical Services | - | - | - | 0.00% | |
Health Care Providers | - | - | 0.18% | - | |
Health Care Management Services | - | - | - | 0.18% | |
Health Care Services | - | - | - | 0.00% | |
Health Care Facilities | - | - | - | 0.00% | |
Technology | 8.33% | - | - | - | |
Technology | - | 8.33% | - | - | |
Software & Computer Services | - | - | 4.27% | - | |
Software | - | - | - | 1.92% | |
Consumer Digital Services | - | - | - | 1.78% | |
Computer Services | - | - | - | 0.57% | |
Technology Hardware & Equipment | - | - | 4.06% | - | |
Semiconductors | - | - | - | 2.60% | |
Computer Hardware | - | - | - | 0.72% | |
Production Technology Equipment | - | - | - | 0.43% | |
Electronic Components | - | - | - | 0.28% | |
Electronic Office Equipment | - | - | - | 0.03% | |
Consumer Staples | 8.19% | - | - | - | |
Personal Care, Drug & Grocery Stores | - | 4.32% | - | - | |
Personal Care, Drug & Grocery Stores | - | - | 4.32% | - | |
Personal Products | - | - | - | 2.52% | |
Nondurable Household Products | - | - | - | 0.91% | |
Food Retailers & Wholesalers | - | - | - | 0.83% | |
Drug Retailers | - | - | - | 0.07% | |
Food, Beverage & Tobacco | - | 3.87% | - | - | |
Beverages | - | - | 2.53% | - | |
Distillers & Vintners | - | - | - | 1.64% | |
Soft Drinks | - | - | - | 0.76% | |
Brewers | - | - | - | 0.12% | |
Food Producers | - | - | 1.18% | - | |
Food Products | - | - | - | 1.15% | |
Farming, Fishing, Ranching & Plantations | - | - | - | 0.03% | |
Fruit & Grain Processing | - | - | - | 0.00% | |
Tobacco | - | - | 0.16% | - | |
Tobacco | - | - | - | 0.16% | |
Energy | 6.18% | - | - | - | |
Energy | - | 6.18% | - | - | |
Non-Renewable Energy | - | - | 5.86% | - | |
Integrated Oil & Gas | - | - | - | 4.61% | |
Oil: Crude Producers | - | - | - | 0.78% | |
Oil Refining and Marketing | - | - | - | 0.25% | |
Oil Equipment & Services | - | - | - | 0.12% | |
Pipelines | - | - | - | 0.11% | |
Coal | - | - | - | 0.00% | |
Renewable Energy | - | - | 0.32% | - | |
Alternative Fuels | - | - | - | 0.29% | |
Renewable Energy Equipment | - | - | - | 0.04% | |
Basic Materials | 4.39% | - | - | - | |
Basic Resources | - | 3.22% | - | - | |
Industrial Metals & Mining | - | - | 3.01% | - | |
General Mining | - | - | - | 2.38% | |
Copper | - | - | - | 0.31% | |
Iron & Steel | - | - | - | 0.17% | |
Metal Fabricating | - | - | - | 0.08% | |
Nonferrous Metals | - | - | - | 0.05% | |
Aluminum | - | - | - | 0.01% | |
Precious Metals & Mining | - | - | 0.15% | - | |
Gold Mining | - | - | - | 0.14% | |
Platinum & Precious Metals | - | - | - | 0.01% | |
Diamonds & Gemstones | - | - | - | 0.00% | |
Industrial Materials | - | - | 0.05% | - | |
Diversified Materials | - | - | - | 0.03% | |
Paper | - | - | - | 0.02% | |
Forestry | - | - | - | 0.01% | |
Textile Products | - | - | - | 0.00% | |
Chemicals | - | 1.17% | - | - | |
Chemicals | - | - | 1.17% | - | |
Chemicals: Diversified | - | - | - | 0.77% | |
Specialty Chemicals | - | - | - | 0.35% | |
Chemicals & Synthetic Fibers | - | - | - | 0.03% | |
Fertilizers | - | - | - | 0.03% | |
Telecommunications | 2.84% | - | - | - | |
Telecommunications | - | 2.84% | - | - | |
Telecommunications Service Providers | - | - | 1.49% | - | |
Telecommunications Services | - | - | - | 1.48% | |
Cable Television Services | - | - | - | 0.01% | |
Telecommunications Equipment | - | - | 1.35% | - | |
Telecommunications Equipment | - | - | - | 1.35% | |
Utilities | 2.75% | - | - | - | |
Utilities | - | 2.75% | - | - | |
Gas, Water & Multi-utilities | - | - | 1.63% | - | |
Multi-Utilities | - | - | - | 1.34% | |
Water | - | - | - | 0.29% | |
Gas Distribution | - | - | - | 0.00% | |
Electricity | - | - | 1.06% | - | |
Conventional Electricity | - | - | - | 0.94% | |
Alternative Electricity | - | - | - | 0.13% | |
Waste & Disposal Services | - | - | 0.06% | - | |
Waste & Disposal Services | - | - | - | 0.06% | |
Real Estate | 2.73% | - | - | - | |
Real Estate | - | 2.73% | - | - | |
Real Estate Investment Trusts | - | - | 1.81% | - | |
Industrial REITs | - | - | - | 0.55% | |
Diversified REITs | - | - | - | 0.39% | |
Retail REITs | - | - | - | 0.25% | |
Residential REITs | - | - | - | 0.22% | |
Office REITs | - | - | - | 0.20% | |
Storage REITs | - | - | - | 0.06% | |
Timber REITs | - | - | - | 0.04% | |
Other Specialty REITs | - | - | - | 0.04% | |
Health Care REITs | - | - | - | 0.04% | |
Hotel & Lodging REITs | - | - | - | 0.01% | |
Real Estate Investment & Services | - | - | 0.92% | - | |
Real Estate Holding and Development | - | - | - | 0.58% | |
Real Estate Services | - | - | - | 0.34% | |
Non-Classified | 1.74% | - | - | - | |
Non-Classified | - | 0.16% | - | - | |
Non-Classified | - | - | 0.16% | - | |
Non-Classified | - | - | - | 0.16% | |
Bonds | 0.05% | - | - | - | |
Alternative Trading Strategies | 0.00% | - | - | - | |
Alternative Trading Strategies | - | 0.00% | - | - | |
Alternative Trading Strategies | - | - | 0.00% | - | |
Alternative Trading Strategies | - | - | - | 0.00% |
UK | 50.29% | |
North America | 11.56% | |
Cash and Equivalents | 10.94% | |
Emerging Asia | 7.85% | |
Developed Europe - Excl UK | 5.15% | |
Japan | 4.83% | |
Developed Asia | 3.24% | |
Non-Classified | 2.26% | |
Property | 1.49% | |
Other Regions | 2.39% |
Non-Fixed Interest Assets | 89.13% | |
Cash | 10.82% | |
US Dollar | 0.02% | |
Euro | 0.02% |
Region | Country | ||
---|---|---|---|
UK | 50.29% | - | |
United Kingdom | - | 50.32% | |
Jersey | - | 0.00% | |
North America | 11.56% | - | |
United States | - | 10.10% | |
Canada | - | 1.46% | |
Cash and Equivalents | 10.94% | - | |
Emerging Asia | 7.85% | - | |
South Korea | - | 2.77% | |
China | - | 1.60% | |
Taiwan | - | 1.47% | |
India | - | 0.87% | |
Indonesia | - | 0.58% | |
Thailand | - | 0.31% | |
Philippines | - | 0.13% | |
Malaysia | - | 0.10% | |
Pakistan | - | 0.03% | |
Developed Europe - Excl UK | 5.15% | - | |
Ireland | - | 1.21% | |
Switzerland | - | 0.76% | |
France | - | 0.75% | |
Germany | - | 0.70% | |
Netherlands | - | 0.44% | |
Sweden | - | 0.31% | |
Denmark | - | 0.27% | |
Spain | - | 0.27% | |
Italy | - | 0.15% | |
Belgium | - | 0.13% | |
Finland | - | 0.08% | |
Norway | - | 0.05% | |
Portugal | - | 0.02% | |
Austria | - | 0.01% | |
Luxembourg | - | 0.00% | |
Japan | 4.83% | - | |
Japan | - | 4.83% | |
Developed Asia | 3.24% | - | |
Hong Kong | - | 2.33% | |
Singapore | - | 0.92% | |
Non-Classified | 2.26% | - | |
Property | 1.49% | - | |
Australia & New Zealand | 1.47% | - | |
Australia | - | 1.45% | |
New Caledonia | - | 0.03% | |
South & Central America | 0.55% | - | |
Brazil | - | 0.40% | |
Mexico | - | 0.08% | |
Colombia | - | 0.05% | |
Chile | - | 0.02% | |
Cayman Islands | - | 0.00% | |
Peru | - | 0.00% | |
Middle East & Africa | 0.27% | - | |
South Africa | - | 0.18% | |
Israel | - | 0.05% | |
Egypt | - | 0.04% | |
United Arab Emirates | - | 0.00% | |
Saudi Arabia | - | 0.00% | |
Qatar | - | 0.00% | |
Kuwait | - | 0.00% | |
Emerging Europe | 0.09% | - | |
Romania | - | 0.04% | |
Turkey | - | 0.02% | |
Poland | - | 0.01% | |
Greece | - | 0.01% | |
Hungary | - | 0.01% | |
Czech Republic | - | 0.00% | |
Russian Federation | - | 0.00% |
Mega |
|
44.69% |
Large |
|
16.71% |
Medium |
|
12.16% |
Small |
|
6.01% |
Micro |
|
1.54% |
Non-Classified |
|
8.03% |
Bonds |
|
0.05% |
Cash |
|
10.82% |
Stock | % Weight | Sector | Country | |
---|---|---|---|---|
1 | ASTRAZENECA | 3.46% | Pharmaceuticals & Biotechnology | United Kingdom |
2 | HSBC HOLDINGS | 3.37% | Banks | United Kingdom |
3 | UNILEVER | 2.40% | Personal Care, Drug & Grocery Stores | United Kingdom |
4 | BP | 2.15% | Non-Renewable Energy | United Kingdom |
5 | SHELL | 2.14% | Non-Renewable Energy | United Kingdom |
6 | GSK | 1.94% | Pharmaceuticals & Biotechnology | United Kingdom |
7 | DIAGEO | 1.58% | Beverages | United Kingdom |
8 | TAIWAN SEMICONDUCTOR MANUFACTURING CO. | 1.09% | Technology Hardware & Equipment | Taiwan |
9 | LONDON STOCK EXCHANGE GROUP | 1.08% | Finance & Credit Services | United Kingdom |
10 | RIO TINTO | 1.02% | Industrial Metals & Mining | United Kingdom |
UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
---|---|---|---|---|---|---|---|---|---|
Technology | 1.71% | 6.62% | - | - | - | - | - | - | 8.33% |
Telecommunications | 0.64% | 2.19% | - | 0.02% | - | - | - | - | 2.86% |
Financials | 11.77% | 7.20% | - | 0.01% | - | - | 0.69% | - | 19.66% |
Real Estate | 0.48% | 0.79% | - | - | - | 1.46% | - | - | 2.73% |
Consumer Discretionary | 6.15% | 5.10% | - | 0.02% | - | - | - | - | 11.28% |
Consumer Staples | 6.71% | 1.48% | - | - | - | - | - | - | 8.19% |
Energy | 4.89% | 1.29% | - | - | - | - | - | - | 6.18% |
Utilities | 1.91% | 0.84% | - | - | - | - | - | - | 2.75% |
Health Care | 6.04% | 2.52% | - | - | - | - | - | - | 8.56% |
Industrials | 7.19% | 5.33% | - | - | - | - | - | - | 12.51% |
Basic Materials | 2.67% | 1.73% | - | - | - | - | - | - | 4.39% |
Cash and Equivalents | - | - | - | - | - | - | - | 10.82% | 10.82% |
Non-Classified | 0.11% | 0.19% | - | - | - | 0.08% | 1.36% | - | 1.74% |
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.
Sedol Code | 0702287 |
Mex Code | PUPMG |
Isin Code | GB0007022873 |
Citi Code | PS20 |
Annual Management Charge (AMC) | 0.75% |
Further Costs | 0.03% |
Yearly Total | 0.78% |
Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Global Equity Fund - the underlying fund. Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 60% UK equity and 40% mix of overseas company shares. For the overseas shares the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office (T&IO). 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. 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). |
Sector | ABI Global Equities |
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.
Ratio | Value |
---|---|
Alpha | -1.36 |
Beta | 0.87 |
Sharpe | 0.18 |
Standard Deviation | 10.65 |
Info Ratio | -0.39 |
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 |
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).
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.
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 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.
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.
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.
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation will reduce the real value of your investments in future.
Levels of taxation and tax relief are subject to change.
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.
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.
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.