Prudential M&G Episode Allocation S2
Performance
Discrete performance - to last month end
| 30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
30/04/24 to 30/04/25 |
|
|---|---|---|---|---|---|
| Fund | 15.2% | -0.2% | 3.0% | 6.6% | 4.6% |
| Sector | 13.0% | -1.6% | -2.8% | 4.2% | 3.1% |
| Rank | 59/228 | 94/228 | 7/228 | 41/228 | 67/229 |
| Quartile | 2 | 2 | 1 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/25 |
5 Years to 30/04/25 |
10 Years to 30/04/25 |
||
| Fund | 4.7% | 5.7% | 3.3% | |
| Sector | 1.5% | 3.0% | 2.1% | |
| Rank | 5/228 | 15/228 | 47/213 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 3¾% Treasury Gilt 2053 | 13.41 |
| CASH | 8.20 |
| UNITED KINGDOM OF GREAT BRITAIN AN 0% 27/05/2025 | 7.64 |
| iShares iShares III plc Core MSCI World UCITS ETF USD (Acc) | 4.84 |
| TREASURY (CPI) NOTE 0.125% 15/02/2052 | 2.41 |
| XTrackers Xtrackers Spain UCITS ETF 1C | 2.21 |
| iShares iShares plc MSCI Brazil UCITS ETF USD (Dist) | 2.15 |
| XTrackers Xtrackers DAX UCITS ETF 1C | 2.10 |
| CASH | 2.08 |
| XTrackers Xtrackers FTSE MIB UCITS ETF 1D | 2.08 |
| Total | 47.10 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund – the underlying fund.
Underlying Fund Objective:The fund targets combined income and capital growth of at least 5% a year above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period. SONIA reflects the average interest rate that banks pay to borrow sterling overnight from other financial institutions. The fund has a very flexible investment approach, with the freedom to invest in different types of assets. The approach combines in-depth research to determine the value of assets over the medium to long term, with analysis of investors’ emotional reaction to events to identify investment opportunities. The fund gains access to assets directly and indirectly through derivatives. There is no guarantee that the fund will achieve a positive return over any period. Investors may not get back the original amount they invested.
Fund Manager
Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the multi asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Cautious Multi Asset Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.
Stuart Canning has worked with the multi asset team for twelve years and a research analyst since 2015. In those twelve years Stuart has worked closely across the various funds managed the team, and particularly closely with Tony Finding on the M&G Episode Allocation Fund. As well as providing input to investment decision making, Stuart has worked extensively on the marketing material of the M&G Episode Allocation fund to launch the proposition in the institutional space (as a competitor to ‘Diversified growth’ strategies). Stuart also represents the investment team in direct client and prospect meetings for this and other funds. Stuart has also been responsible for driving the written marketing material for the team, having written extensively for the Cayman-based Episode fund for over a decade and leading the team’s blog. Stuart is a Chartered Financial Analyst and has a degree in English and History from the University of York.
Alex Houlding joined M&G as a graduate in 2014 and rotated through various investment teams before joining the Multi Asset team as an analyst in September 2015. He has a degree in economics from the University of Cambridge and has passed all 3 levels of the CFA Programme.
Fund Overview
| Bid (22/05/2025) | 299.80 |
| Offer (22/05/2025) | 315.50 |
| Fund size (31/03/2025) | £16.93m |
| Underlying Fund size | £285.60m |
| Number of holdings | 1529 |
| Launch date | 01/04/2003 |
Fund Charges
| Annual Management Charge (AMC) | 1.20% |
| Further Costs | 0.01% |
| Yearly Total | 1.21% |
Asset Allocation
| International Equities | 19.96% | |
| UK Corporate Bonds | 18.39% | |
| UK Gilts | 13.41% | |
| International Bonds | 9.07% | |
| Cash and Equivalents | 6.72% | |
| UK Equities | 2.62% | |
| Commodities | 2.45% | |
| Property | 0.09% | |
| Money Market | 0.01% | |
| Other Assets | 27.27% |
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 GBP with net 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 Equities | 19.96% | |
| UK Corporate Bonds | 18.39% | |
| UK Gilts | 13.41% | |
| International Bonds | 9.07% | |
| Cash and Equivalents | 6.72% | |
| UK Equities | 2.62% | |
| Commodities | 2.45% | |
| Property | 0.09% | |
| Money Market | 0.01% | |
| Other Assets | 27.27% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 42.38% | - | - | - | |
| Non-Classified | - | 26.20% | - | - | |
| Non-Classified | - | - | 26.20% | - | |
| Non-Classified | - | - | - | 26.20% | |
| Bonds | 40.87% | - | - | - | |
| Cash and Equivalents | 6.74% | - | - | - | |
| Commodities | 2.45% | - | - | - | |
| Commodities | - | 2.45% | - | - | |
| Commodities | - | - | 2.45% | - | |
| Commodities | - | - | - | 2.45% | |
| Financials | 2.32% | - | - | - | |
| Banks | - | 1.74% | - | - | |
| Banks | - | - | 1.74% | - | |
| Banks | - | - | - | 1.74% | |
| Insurance | - | 0.35% | - | - | |
| Non-life Insurance | - | - | 0.25% | - | |
| Property & Casualty Insurance | - | - | - | 0.13% | |
| Full Line Insurance | - | - | - | 0.10% | |
| Insurance Brokers | - | - | - | 0.02% | |
| Life Insurance | - | - | 0.10% | - | |
| Life Insurance | - | - | - | 0.10% | |
| Financial Services | - | 0.23% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.19% | - | |
| Asset Managers & Custodians | - | - | - | 0.10% | |
| Investment Services | - | - | - | 0.07% | |
| Diversified Financial Services | - | - | - | 0.02% | |
| Finance & Credit Services | - | - | 0.04% | - | |
| Financial Data & Systems | - | - | - | 0.02% | |
| Consumer Lending | - | - | - | 0.01% | |
| Nonequity Investment Instruments | - | - | 0.00% | - | |
| Nonequity Investment Instruments | - | - | - | 0.00% | |
| Technology | 1.89% | - | - | - | |
| Technology | - | 1.89% | - | - | |
| Technology Hardware & Equipment | - | - | 0.95% | - | |
| Semiconductors | - | - | - | 0.50% | |
| Computer Hardware | - | - | - | 0.39% | |
| Production Technology Equipment | - | - | - | 0.06% | |
| Electronic Components | - | - | - | 0.00% | |
| Software & Computer Services | - | - | 0.94% | - | |
| Software | - | - | - | 0.71% | |
| Consumer Digital Services | - | - | - | 0.19% | |
| Computer Services | - | - | - | 0.05% | |
| Consumer Discretionary | 1.15% | - | - | - | |
| Retail | - | 0.45% | - | - | |
| Retailers | - | - | 0.45% | - | |
| Diversified Retailers | - | - | - | 0.35% | |
| Specialty Retailers | - | - | - | 0.06% | |
| Apparel Retailers | - | - | - | 0.02% | |
| Home Improvement Retailers | - | - | - | 0.01% | |
| Travel & Leisure | - | 0.18% | - | - | |
| Travel & Leisure | - | - | 0.18% | - | |
| Casinos & Gambling | - | - | - | 0.08% | |
| Travel & Tourism | - | - | - | 0.05% | |
| Hotels & Motels | - | - | - | 0.02% | |
| Airlines | - | - | - | 0.02% | |
| Restaurants & Bars | - | - | - | 0.01% | |
| Recreational Services | - | - | - | 0.00% | |
| Consumer Products & Services | - | 0.18% | - | - | |
| Consumer Services | - | - | 0.09% | - | |
| Vending & Catering Service | - | - | - | 0.07% | |
| Consumer Services: Misc. | - | - | - | 0.03% | |
| Education Services | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.06% | - | |
| Clothing & Accessories | - | - | - | 0.05% | |
| Footwear | - | - | - | 0.01% | |
| Household Goods & Home Construction | - | - | 0.02% | - | |
| Home Construction | - | - | - | 0.02% | |
| Leisure Goods | - | - | 0.01% | - | |
| Electronic Entertainment | - | - | - | 0.01% | |
| Photography | - | - | - | 0.00% | |
| Recreational Products | - | - | - | 0.00% | |
| Consumer Electronics | - | - | - | 0.00% | |
| Automobiles & Parts | - | 0.18% | - | - | |
| Automobiles & Parts | - | - | 0.18% | - | |
| Automobiles | - | - | - | 0.18% | |
| Media | - | 0.16% | - | - | |
| Media | - | - | 0.16% | - | |
| Media Agencies | - | - | - | 0.07% | |
| Radio & TV Broadcasters | - | - | - | 0.04% | |
| Publishing | - | - | - | 0.03% | |
| Entertainment | - | - | - | 0.02% | |
| Health Care | 1.08% | - | - | - | |
| Health Care | - | 1.08% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.83% | - | |
| Pharmaceuticals | - | - | - | 0.54% | |
| Biotechnology | - | - | - | 0.29% | |
| Medical Equipment & Services | - | - | 0.18% | - | |
| Medical Equipment | - | - | - | 0.14% | |
| Medical Services | - | - | - | 0.03% | |
| Medical Supplies | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.07% | - | |
| Health Care Management Services | - | - | - | 0.07% | |
| Health Care Services | - | - | - | 0.00% | |
| Health Care Facilities | - | - | - | 0.00% | |
| Industrials | 0.61% | - | - | - | |
| Industrial Goods & Services | - | 0.45% | - | - | |
| Industrial Support Services | - | - | 0.19% | - | |
| Transaction Processing Services | - | - | - | 0.11% | |
| Professional Business Support Services | - | - | - | 0.05% | |
| Industrial Suppliers | - | - | - | 0.03% | |
| Business Training & Employment Agencies | - | - | - | 0.00% | |
| General Industrials | - | - | 0.12% | - | |
| Diversified Industrials | - | - | - | 0.11% | |
| Paints & Coatings | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 0.04% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.02% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.01% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.01% | |
| Electronic Equipment: Other | - | - | - | 0.00% | |
| Electrical Components | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 0.04% | - | |
| Aerospace | - | - | - | 0.03% | |
| Defense | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.04% | - | |
| Machinery: Specialty | - | - | - | 0.01% | |
| Machinery: Construction & Handling | - | - | - | 0.01% | |
| Machinery: Engines | - | - | - | 0.01% | |
| Machinery: Industrial | - | - | - | 0.00% | |
| Machinery: Tools | - | - | - | 0.00% | |
| Industrial Transportation | - | - | 0.03% | - | |
| Railroads | - | - | - | 0.02% | |
| Commercial Vehicles & Parts | - | - | - | 0.00% | |
| Trucking | - | - | - | 0.00% | |
| Marine Transportation | - | - | - | 0.00% | |
| Construction & Materials | - | 0.16% | - | - | |
| Construction & Materials | - | - | 0.16% | - | |
| Construction | - | - | - | 0.09% | |
| Building Materials: Other | - | - | - | 0.03% | |
| Engineering & Contracting Services | - | - | - | 0.03% | |
| Building: Climate Control | - | - | - | 0.01% | |
| Consumer Staples | 0.59% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.30% | - | - | |
| Food Producers | - | - | 0.17% | - | |
| Food Products | - | - | - | 0.12% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.05% | |
| Fruit & Grain Processing | - | - | - | 0.00% | |
| Tobacco | - | - | 0.10% | - | |
| Tobacco | - | - | - | 0.10% | |
| Beverages | - | - | 0.03% | - | |
| Soft Drinks | - | - | - | 0.02% | |
| Distillers & Vintners | - | - | - | 0.01% | |
| Brewers | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 0.29% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.29% | - | |
| Personal Products | - | - | - | 0.11% | |
| Food Retailers & Wholesalers | - | - | - | 0.09% | |
| Nondurable Household Products | - | - | - | 0.07% | |
| Drug Retailers | - | - | - | 0.02% | |
| Energy | 0.48% | - | - | - | |
| Energy | - | 0.48% | - | - | |
| Non-Renewable Energy | - | - | 0.47% | - | |
| Integrated Oil & Gas | - | - | - | 0.37% | |
| Pipelines | - | - | - | 0.04% | |
| Coal | - | - | - | 0.03% | |
| Oil: Crude Producers | - | - | - | 0.01% | |
| Oil Equipment & Services | - | - | - | 0.01% | |
| Oil Refining and Marketing | - | - | - | 0.01% | |
| Renewable Energy | - | - | 0.01% | - | |
| Renewable Energy Equipment | - | - | - | 0.00% | |
| Alternative Fuels | - | - | - | 0.00% | |
| Basic Materials | 0.42% | - | - | - | |
| Basic Resources | - | 0.28% | - | - | |
| Industrial Metals & Mining | - | - | 0.24% | - | |
| General Mining | - | - | - | 0.16% | |
| Copper | - | - | - | 0.05% | |
| Nonferrous Metals | - | - | - | 0.02% | |
| Iron & Steel | - | - | - | 0.01% | |
| Metal Fabricating | - | - | - | 0.00% | |
| Aluminum | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.04% | - | |
| Gold Mining | - | - | - | 0.04% | |
| Industrial Materials | - | - | 0.00% | - | |
| Paper | - | - | - | 0.00% | |
| Diversified Materials | - | - | - | 0.00% | |
| Chemicals | - | 0.14% | - | - | |
| Chemicals | - | - | 0.14% | - | |
| Chemicals: Diversified | - | - | - | 0.11% | |
| Specialty Chemicals | - | - | - | 0.03% | |
| Fertilizers | - | - | - | 0.00% | |
| Telecommunications | 0.34% | - | - | - | |
| Telecommunications | - | 0.34% | - | - | |
| Telecommunications Service Providers | - | - | 0.28% | - | |
| Telecommunications Services | - | - | - | 0.24% | |
| Cable Television Services | - | - | - | 0.04% | |
| Telecommunications Equipment | - | - | 0.06% | - | |
| Telecommunications Equipment | - | - | - | 0.06% | |
| Utilities | 0.24% | - | - | - | |
| Utilities | - | 0.24% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.14% | - | |
| Multi-Utilities | - | - | - | 0.11% | |
| Water | - | - | - | 0.03% | |
| Electricity | - | - | 0.10% | - | |
| Conventional Electricity | - | - | - | 0.10% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Real Estate | 0.17% | - | - | - | |
| Real Estate | - | 0.17% | - | - | |
| Real Estate Investment Trusts | - | - | 0.15% | - | |
| Residential REITs | - | - | - | 0.08% | |
| Office REITs | - | - | - | 0.03% | |
| Other Specialty REITs | - | - | - | 0.02% | |
| Retail REITs | - | - | - | 0.01% | |
| Infrastructure REITs | - | - | - | 0.01% | |
| Health Care REITs | - | - | - | 0.01% | |
| Storage REITs | - | - | - | 0.00% | |
| Timber REITs | - | - | - | 0.00% | |
| Diversified REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.02% | - | |
| Real Estate Services | - | - | - | 0.01% | |
| Real Estate Holding and Development | - | - | - | 0.00% | |
| Alternative Trading Strategies | -1.74% | - | - | - | |
| Alternative Trading Strategies | - | -1.74% | - | - | |
| Alternative Trading Strategies | - | - | -1.74% | - | |
| Alternative Trading Strategies | - | - | - | -1.74% | |
Regional Allocation
| UK | 34.51% | |
| Non-Classified | 32.29% | |
| Developed Europe - Excl UK | 11.22% | |
| North America | 7.17% | |
| Cash and Equivalents | 6.74% | |
| South & Central America | 4.16% | |
| Middle East & Africa | 1.87% | |
| Emerging Asia | 1.76% | |
| Australia & New Zealand | 0.15% | |
| Other Regions | 0.12% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 55.66% | |
| Pound Sterling | 32.05% | |
| Cash | 3.47% | |
| US Dollar | 2.89% | |
| Euro | 2.05% | |
| Brazilian Real | 2.01% | |
| Other Currencies | 1.87% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 34.51% | - | |
United Kingdom
|
- | 34.42% | |
Isle of Man
|
- | 0.06% | |
Jersey
|
- | 0.04% | |
| Non-Classified | 32.29% | - | |
| Developed Europe - Excl UK | 11.22% | - | |
Luxembourg
|
- | 2.58% | |
Germany
|
- | 2.53% | |
Spain
|
- | 2.29% | |
Italy
|
- | 2.18% | |
France
|
- | 0.74% | |
Netherlands
|
- | 0.33% | |
Ireland
|
- | 0.19% | |
Belgium
|
- | 0.09% | |
Sweden
|
- | 0.07% | |
Austria
|
- | 0.04% | |
Norway
|
- | 0.04% | |
Portugal
|
- | 0.04% | |
Iceland
|
- | 0.03% | |
Switzerland
|
- | 0.03% | |
Denmark
|
- | 0.02% | |
Finland
|
- | 0.01% | |
| North America | 7.17% | - | |
United States
|
- | 7.02% | |
Canada
|
- | 0.15% | |
| Cash and Equivalents | 6.74% | - | |
| South & Central America | 4.16% | - | |
Brazil
|
- | 4.16% | |
Cayman Islands
|
- | 0.00% | |
Netherlands Antilles
|
- | 0.00% | |
| Middle East & Africa | 1.87% | - | |
South Africa
|
- | 1.86% | |
Israel
|
- | 0.02% | |
| Emerging Asia | 1.76% | - | |
Indonesia
|
- | 1.72% | |
Philippines
|
- | 0.04% | |
| Australia & New Zealand | 0.15% | - | |
Australia
|
- | 0.15% | |
| Property | 0.09% | - | |
| Developed Asia | 0.01% | - | |
Hong Kong
|
- | 0.01% | |
| Emerging Europe | 0.01% | - | |
Greece
|
- | 0.01% | |
Poland
|
- | 0.00% | |
| Japan | 0.01% | - | |
Japan
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Mega |
|
5.04% |
| Large |
|
1.24% |
| Medium |
|
0.83% |
| Small |
|
0.34% |
| Micro |
|
0.11% |
| Non-Classified |
|
44.84% |
| Bonds |
|
40.87% |
| Cash |
|
6.74% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
22.02% |
| 5Yr - 10Yr Maturity |
|
0.77% |
| 10Yr - 15Yr Maturity |
|
1.90% |
| > 15Yr Maturity |
|
16.18% |
| Cash And Equivalents |
|
6.74% |
| Unknown Maturity |
|
16.18% |
| Other Asset Types |
|
36.21% |
Fixed Interest Quality Profile
| AAA |
|
2.98% |
| AA |
|
13.48% |
| A |
|
0.22% |
| BBB |
|
0.50% |
| Sub-Investment Grade |
|
2.18% |
| Unknown Quality |
|
21.52% |
| Cash and Equivalents |
|
6.74% |
| Other Asset Types |
|
52.39% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 3¾% Treasury Gilt 2053 | 13.41% | Bonds | United Kingdom |
| 2 | CASH | 8.20% | Bonds | United Kingdom |
| 3 | UNITED KINGDOM OF GREAT BRITAIN AN 0% 27/05/2025 | 7.64% | Bonds | United Kingdom |
| 4 | iShares iShares III plc Core MSCI World UCITS ETF USD (Acc) | 4.84% | Non-Classified | Non-Classified |
| 5 | TREASURY (CPI) NOTE 0.125% 15/02/2052 | 2.41% | Bonds | United States |
| 6 | XTrackers Xtrackers Spain UCITS ETF 1C | 2.21% | Non-Classified | Spain |
| 7 | iShares iShares plc MSCI Brazil UCITS ETF USD (Dist) | 2.15% | Non-Classified | Brazil |
| 8 | XTrackers Xtrackers DAX UCITS ETF 1C | 2.10% | Non-Classified | Germany |
| 9 | CASH | 2.08% | Bonds | United Kingdom |
| 10 | XTrackers Xtrackers FTSE MIB UCITS ETF 1D | 2.08% | Non-Classified | Italy |
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 | 3281578 |
| Mex Code | VNMGCC |
| Isin Code | GB0032815788 |
| Citi Code | P151 |
Fund Charges
| Annual Management Charge (AMC) | 1.20% |
| Further Costs | 0.01% |
| Yearly Total | 1.21% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund – the underlying fund. Underlying Fund Objective:The fund targets combined income and capital growth of at least 5% a year above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period. SONIA reflects the average interest rate that banks pay to borrow sterling overnight from other financial institutions. The fund has a very flexible investment approach, with the freedom to invest in different types of assets. The approach combines in-depth research to determine the value of assets over the medium to long term, with analysis of investors’ emotional reaction to events to identify investment opportunities. The fund gains access to assets directly and indirectly through derivatives. There is no guarantee that the fund will achieve a positive return over any period. Investors may not get back the original amount they invested. |
| Benchmark | SONIA + 5% |
| 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 | 2.86 |
| Beta | 1.02 |
| Sharpe | 0.18 |
| Standard Deviation | 6.76 |
| Info Ratio | 1.13 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | Yes |
| 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 | Yes |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| 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
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
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.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
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 GBP with net 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.
'Prudential' is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.