PIA Risk Managed Active 1 Ser B

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 5.9% 4.2% -2.2% -5.6% 1.8%
Sector 6.9% 1.2% -0.2% -2.3% 2.4%
Rank 73/112 21/120 112/147 103/150 95/154
Quartile 3 1 4 3 3

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund -2.1% 0.7% 2.1%
Sector -0.1% 1.5% 2.6%
Rank 114/147 78/112 23/39
Quartile 4 3 3

Top 10 Holdings

Stock % Weight
Eastspring US Corporate Bond Class EG (hedged) 13.77
USD/GBP GBP 2.01
L&G FREEHOLD PROPERTY 1.23
iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) 1.13
EUR/GBP GBP 0.85
iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.50
M&G Property Portfolio Class I GBP 0.38
⅞ Treasury 2046 0.36
3¼% Treasury Gilt 2044 0.35
EUR/USD USD 0.34
Total 20.93

Fund Aims

Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Active 1 Fund - the underlying fund.

Underlying Fund Objective: The fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 9%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 9%. Capital invested is at risk. The fund aims to achieve its objective through investing at least 70% in actively managed collective investment schemes. The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure to lower risk assets such as fixed income assets and cash.

Fund Manager

Philip Butler manager of the underlying fund for 7 years and 4 months

Photo of Philip Butler Phil Butler, CFA, is Portfolio Manager at M&G, part of the Treasury and Investment Office (T&IO formerly PPMG). The Investment Office is the fiduciary manager of Prudential UK&E Assets managing the retail saving solutions, legacy annuity products, with-profits policies and unit-linked solutions of Prudential UK&E. Phil is the lead portfolio manager of the WS Prudential Risk Managed Active and Passive fund ranges, the recently launched PruFund Planet range, as well as the Groups Unit Linked business; managing over £7bn in assets. Phil provides cover on a wider £100bn+ of multi-asset funds, including RM PruFund. Phil joined the Investment Office in late 2011 to become a member of the Multi-Asset Portfolio Management Team and specialised in the management of the unitised multi-asset funds. Prior to this, Phil was part of M&Gs Investment graduate scheme rotating through various specialist investment teams in different asset classes across the company. Before M&G, he spent 13 months at the Bank of England as a research assistant whilst completing his Banking and International Finance BSc at Cass Business School. Phil is governed by M&G Investment Management under the FCA’s Certification Regime and is a CFA charterholder.

Fund Overview

Bid (27/03/2024) 1.56
Offer (27/03/2024) 1.56
Fund size (29/02/2024) £2.79m
Underlying Fund size £109.80m
Number of holdings 6336
Launch date 25/01/2010

Fund Charges

Annual Management Charge (AMC) 1.44%
Further Costs 0.08%
Yearly Total 1.52%

Asset Allocation

pie chart
  International Bonds 39.38%
  Money Market 9.11%
  International Equities 8.79%
  UK Corporate Bonds 8.53%
  Alternative Trading Strategies 7.82%
  UK Equities 3.39%
  Property 2.61%
  Investment Trusts 1.90%
  UK Gilts 0.71%
  Other Assets 17.76%
Portfolio data accurate as at: 29/02/24

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 39.38%
  Money Market 9.11%
  International Equities 8.79%
  UK Corporate Bonds 8.53%
  Alternative Trading Strategies 7.82%
  UK Equities 3.39%
  Property 2.61%
  Investment Trusts 1.90%
  UK Gilts 0.71%
  Other Assets 17.76%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 48.62% - - -
 
Non-Classified 19.99% - - -
 
Non-Classified - 12.88% - -
 
Non-Classified - - 12.88% -
 
Non-Classified - - - 12.88%
 
Cash and Equivalents 9.04% - - -
 
Alternative Trading Strategies 7.82% - - -
 
Alternative Trading Strategies - 7.82% - -
 
Alternative Trading Strategies - - 7.82% -
 
Alternative Trading Strategies - - - 7.82%
 
Financials 4.07% - - -
 
Financial Services - 2.47% - -
 
Equity Investment Instruments - - 1.90% -
 
Equity Investment Instruments - - - 1.90%
 
Investment Banking & Brokerage Services - - 0.47% -
 
Asset Managers & Custodians - - - 0.25%
 
Investment Services - - - 0.17%
 
Diversified Financial Services - - - 0.05%
 
Finance & Credit Services - - 0.10% -
 
Financial Data & Systems - - - 0.05%
 
Consumer Lending - - - 0.03%
 
Mortgage Finance - - - 0.02%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Banks - 1.12% - -
 
Banks - - 1.12% -
 
Banks - - - 1.12%
 
Insurance - 0.47% - -
 
Life Insurance - - 0.25% -
 
Life Insurance - - - 0.25%
 
Non-life Insurance - - 0.22% -
 
Property & Casualty Insurance - - - 0.11%
 
Full Line Insurance - - - 0.07%
 
Reinsurance - - - 0.02%
 
Insurance Brokers - - - 0.02%
 
Industrials 2.04% - - -
 
Industrial Goods & Services - 1.90% - -
 
Industrial Transportation - - 0.63% -
 
Railroads - - - 0.34%
 
Transportation Services - - - 0.13%
 
Marine Transportation - - - 0.09%
 
Commercial Vehicle-Equipment Leasing - - - 0.02%
 
Delivery Services - - - 0.02%
 
Commercial Vehicles & Parts - - - 0.02%
 
Railroad Equipment - - - 0.01%
 
Trucking - - - 0.00%
 
Industrial Support Services - - 0.40% -
 
Professional Business Support Services - - - 0.13%
 
Industrial Suppliers - - - 0.12%
 
Transaction Processing Services - - - 0.08%
 
Business Training & Employment Agencies - - - 0.04%
 
Security Services - - - 0.03%
 
Forms & Bulk Printing Services - - - 0.00%
 
General Industrials - - 0.30% -
 
Diversified Industrials - - - 0.20%
 
Containers & Packaging - - - 0.10%
 
Glass - - - 0.00%
 
Paints & Coatings - - - 0.00%
 
Plastics - - - 0.00%
 
Electronic & Electrical Equipment - - 0.21% -
 
Electrical Components - - - 0.12%
 
Electronic Equipment: Gauges & Meters - - - 0.04%
 
Electronic Equipment: Control & Filter - - - 0.04%
 
Electronic Equipment: Pollution Control - - - 0.01%
 
Electronic Equipment: Other - - - 0.00%
 
Industrial Engineering - - 0.20% -
 
Machinery: Industrial - - - 0.06%
 
Machinery: Construction & Handling - - - 0.06%
 
Machinery: Engines - - - 0.04%
 
Machinery: Tools - - - 0.03%
 
Machinery: Specialty - - - 0.01%
 
Machinery: Agricultural - - - 0.00%
 
Aerospace & Defence - - 0.16% -
 
Defense - - - 0.09%
 
Aerospace - - - 0.07%
 
Construction & Materials - 0.13% - -
 
Construction & Materials - - 0.13% -
 
Building Materials: Other - - - 0.03%
 
Cement - - - 0.03%
 
Construction - - - 0.03%
 
Building: Climate Control - - - 0.02%
 
Engineering & Contracting Services - - - 0.01%
 
Building, Roofing/Wallboard & Plumbing - - - 0.00%
 
Consumer Discretionary 1.67% - - -
 
Consumer Products & Services - 0.43% - -
 
Household Goods & Home Construction - - 0.16% -
 
Home Construction - - - 0.12%
 
Household Appliance - - - 0.04%
 
Household Furnishings - - - 0.00%
 
Household Equipment & Products - - - 0.00%
 
Leisure Goods - - 0.11% -
 
Consumer Electronics - - - 0.05%
 
Electronic Entertainment - - - 0.03%
 
Recreational Vehicles & Boats - - - 0.01%
 
Photography - - - 0.01%
 
Recreational Products - - - 0.00%
 
Toys - - - 0.00%
 
Consumer Services - - 0.08% -
 
Vending & Catering Service - - - 0.05%
 
Consumer Services: Misc. - - - 0.02%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Personal Goods - - 0.08% -
 
Clothing & Accessories - - - 0.04%
 
Luxury Items - - - 0.01%
 
Cosmetics - - - 0.01%
 
Footwear - - - 0.01%
 
Retail - 0.42% - -
 
Retailers - - 0.42% -
 
Diversified Retailers - - - 0.26%
 
Specialty Retailers - - - 0.06%
 
Apparel Retailers - - - 0.05%
 
Home Improvement Retailers - - - 0.04%
 
Automobiles & Parts - 0.34% - -
 
Automobiles & Parts - - 0.34% -
 
Automobiles - - - 0.25%
 
Auto Parts - - - 0.08%
 
Tires - - - 0.01%
 
Travel & Leisure - 0.27% - -
 
Travel & Leisure - - 0.27% -
 
Hotels & Motels - - - 0.09%
 
Restaurants & Bars - - - 0.06%
 
Casinos & Gambling - - - 0.05%
 
Airlines - - - 0.04%
 
Travel & Tourism - - - 0.03%
 
Recreational Services - - - 0.01%
 
Media - 0.20% - -
 
Media - - 0.20% -
 
Publishing - - - 0.08%
 
Media Agencies - - - 0.07%
 
Radio & TV Broadcasters - - - 0.04%
 
Entertainment - - - 0.02%
 
Technology 1.46% - - -
 
Technology - 1.46% - -
 
Software & Computer Services - - 0.77% -
 
Consumer Digital Services - - - 0.37%
 
Software - - - 0.28%
 
Computer Services - - - 0.12%
 
Technology Hardware & Equipment - - 0.69% -
 
Semiconductors - - - 0.45%
 
Computer Hardware - - - 0.10%
 
Production Technology Equipment - - - 0.07%
 
Electronic Components - - - 0.06%
 
Electronic Office Equipment - - - 0.01%
 
Real Estate 1.06% - - -
 
Real Estate - 1.06% - -
 
Real Estate Investment Trusts - - 0.86% -
 
Diversified REITs - - - 0.23%
 
Industrial REITs - - - 0.17%
 
Infrastructure REITs - - - 0.10%
 
Residential REITs - - - 0.08%
 
Office REITs - - - 0.07%
 
Storage REITs - - - 0.06%
 
Retail REITs - - - 0.05%
 
Health Care REITs - - - 0.05%
 
Other Specialty REITs - - - 0.04%
 
Timber REITs - - - 0.00%
 
Hotel & Lodging REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.20% -
 
Real Estate Holding and Development - - - 0.14%
 
Real Estate Services - - - 0.06%
 
Utilities 1.01% - - -
 
Utilities - 1.01% - -
 
Electricity - - 0.62% -
 
Conventional Electricity - - - 0.59%
 
Alternative Electricity - - - 0.03%
 
Gas, Water & Multi-utilities - - 0.38% -
 
Multi-Utilities - - - 0.27%
 
Water - - - 0.06%
 
Gas Distribution - - - 0.06%
 
Waste & Disposal Services - - 0.01% -
 
Waste & Disposal Services - - - 0.01%
 
Health Care 0.81% - - -
 
Health Care - 0.81% - -
 
Pharmaceuticals & Biotechnology - - 0.63% -
 
Pharmaceuticals - - - 0.57%
 
Biotechnology - - - 0.06%
 
Medical Equipment & Services - - 0.13% -
 
Medical Equipment - - - 0.10%
 
Medical Supplies - - - 0.02%
 
Medical Services - - - 0.00%
 
Health Care Providers - - 0.05% -
 
Health Care Management Services - - - 0.04%
 
Health Care Services - - - 0.01%
 
Health Care Facilities - - - 0.00%
 
Consumer Staples 0.71% - - -
 
Food, Beverage & Tobacco - 0.36% - -
 
Beverages - - 0.21% -
 
Distillers & Vintners - - - 0.11%
 
Soft Drinks - - - 0.08%
 
Brewers - - - 0.03%
 
Food Producers - - 0.14% -
 
Food Products - - - 0.14%
 
Farming, Fishing, Ranching & Plantations - - - 0.00%
 
Fruit & Grain Processing - - - 0.00%
 
Personal Care, Drug & Grocery Stores - 0.35% - -
 
Personal Care, Drug & Grocery Stores - - 0.35% -
 
Food Retailers & Wholesalers - - - 0.17%
 
Personal Products - - - 0.12%
 
Nondurable Household Products - - - 0.03%
 
Drug Retailers - - - 0.02%
 
Energy 0.69% - - -
 
Energy - 0.69% - -
 
Non-Renewable Energy - - 0.68% -
 
Integrated Oil & Gas - - - 0.30%
 
Pipelines - - - 0.21%
 
Oil: Crude Producers - - - 0.08%
 
Oil Refining and Marketing - - - 0.05%
 
Oil Equipment & Services - - - 0.03%
 
Coal - - - 0.00%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.02% -
 
Renewable Energy Equipment - - - 0.02%
 
Telecommunications 0.51% - - -
 
Telecommunications - 0.51% - -
 
Telecommunications Service Providers - - 0.26% -
 
Telecommunications Services - - - 0.25%
 
Cable Television Services - - - 0.01%
 
Telecommunications Equipment - - 0.25% -
 
Telecommunications Equipment - - - 0.25%
 
Basic Materials 0.49% - - -
 
Basic Resources - 0.32% - -
 
Industrial Metals & Mining - - 0.25% -
 
General Mining - - - 0.16%
 
Iron & Steel - - - 0.06%
 
Copper - - - 0.02%
 
Metal Fabricating - - - 0.01%
 
Aluminum - - - 0.01%
 
Nonferrous Metals - - - 0.00%
 
Precious Metals & Mining - - 0.03% -
 
Gold Mining - - - 0.03%
 
Platinum & Precious Metals - - - 0.00%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.03% -
 
Paper - - - 0.02%
 
Diversified Materials - - - 0.01%
 
Forestry - - - 0.00%
 
Textile Products - - - 0.00%
 
Chemicals - 0.18% - -
 
Chemicals - - 0.18% -
 
Chemicals: Diversified - - - 0.13%
 
Specialty Chemicals - - - 0.03%
 
Fertilizers - - - 0.01%
 
Chemicals & Synthetic Fibers - - - 0.01%

Regional Allocation

pie chart
  North America 24.50%
  Non-Classified 30.24%
  UK 12.63%
  Developed Europe - Excl UK 12.41%
  Cash and Equivalents 9.04%
  Emerging Asia 3.14%
  Property 2.23%
  South & Central America 1.70%
  Japan 1.25%
  Other Regions 2.87%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 51.44%
  Pound Sterling 35.46%
  Euro 6.07%
  US Dollar 5.38%
  Brazilian Real 0.17%
  Mexican Peso 0.15%
  Other Currencies 1.32%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 24.50% -
 
United States - 23.42%
 
Canada - 1.08%
 
Non-Classified 30.24% -
 
UK 12.63% -
 
United Kingdom - 12.63%
 
Jersey - 0.00%
 
Developed Europe - Excl UK 12.41% -
 
France - 3.45%
 
Germany - 2.26%
 
Netherlands - 1.88%
 
Luxembourg - 1.10%
 
Switzerland - 0.63%
 
Italy - 0.59%
 
Spain - 0.52%
 
Sweden - 0.51%
 
Denmark - 0.30%
 
Ireland - 0.30%
 
Norway - 0.27%
 
Finland - 0.23%
 
Belgium - 0.20%
 
Austria - 0.10%
 
Iceland - 0.05%
 
Portugal - 0.02%
 
Cash and Equivalents 9.04% -
 
Emerging Asia 3.14% -
 
China - 1.01%
 
South Korea - 0.45%
 
Indonesia - 0.32%
 
India - 0.31%
 
Taiwan - 0.28%
 
Philippines - 0.23%
 
Malaysia - 0.15%
 
Thailand - 0.09%
 
Uzbekistan - 0.06%
 
Viet Nam - 0.05%
 
Kazakhstan - 0.04%
 
Azerbaijan - 0.04%
 
Tajikistan - 0.03%
 
Georgia - 0.02%
 
Mongolia - 0.02%
 
Armenia - 0.02%
 
Sri Lanka - 0.01%
 
Papua New Guinea - 0.01%
 
Pakistan - 0.00%
 
Macau - 0.00%
 
Property 2.23% -
 
South & Central America 1.70% -
 
Mexico - 0.63%
 
Brazil - 0.27%
 
Colombia - 0.20%
 
Peru - 0.12%
 
Dominican Republic - 0.11%
 
Uruguay - 0.08%
 
Argentina - 0.06%
 
Guatemala - 0.04%
 
Paraguay - 0.03%
 
Barbados - 0.02%
 
Trinidad and Tobago - 0.02%
 
Honduras - 0.02%
 
Panama - 0.02%
 
El Salvador - 0.02%
 
Chile - 0.01%
 
Ecuador - 0.01%
 
Venezuela - 0.01%
 
Cayman Islands - 0.01%
 
Costa Rica - 0.01%
 
Jamaica - 0.01%
 
Bolivia - 0.00%
 
Japan 1.25% -
 
Japan - 1.25%
 
Middle East & Africa 0.93% -
 
South Africa - 0.17%
 
United Arab Emirates - 0.14%
 
Israel - 0.10%
 
Morocco - 0.05%
 
Qatar - 0.05%
 
Nigeria - 0.04%
 
Oman - 0.04%
 
Cote D'Ivoire - 0.04%
 
Egypt - 0.04%
 
Jordan - 0.03%
 
Gabon - 0.03%
 
Benin - 0.03%
 
Senegal - 0.02%
 
Mozambique - 0.02%
 
Rwanda - 0.02%
 
Kenya - 0.02%
 
Angola - 0.02%
 
Cameroon - 0.02%
 
Iraq - 0.01%
 
Zambia - 0.01%
 
Ghana - 0.01%
 
Kuwait - 0.01%
 
Saudi Arabia - 0.00%
 
Developed Asia 0.76% -
 
Hong Kong - 0.50%
 
Singapore - 0.26%
 
Emerging Europe 0.69% -
 
Poland - 0.16%
 
Romania - 0.13%
 
Hungary - 0.11%
 
Turkey - 0.07%
 
Serbia - 0.04%
 
Greece - 0.03%
 
Russian Federation - 0.03%
 
Montenegro - 0.03%
 
Albania - 0.03%
 
Ukraine - 0.03%
 
Bosnia and Herzegowina - 0.02%
 
Bulgaria - 0.01%
 
Croatia - 0.01%
 
Macedonia, The Former Yugoslav Republic Of - 0.01%
 
Czech Republic - 0.01%
 
Australia & New Zealand 0.49% -
 
Australia - 0.46%
 
New Zealand - 0.02%
 
New Caledonia - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
5.71%
Large
 
 
3.30%
Medium
 
 
2.40%
Small
 
 
0.78%
Micro
 
 
1.05%
Non-Classified
 
 
29.09%
Bonds
 
 
48.62%
Cash
 
 
9.04%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
16.49%
5Yr - 10Yr Maturity
 
 
10.31%
10Yr - 15Yr Maturity
 
 
2.79%
> 15Yr Maturity
 
 
5.26%
Cash And Equivalents
 
 
9.04%
Unknown Maturity
 
 
20.75%
Other Asset Types
 
 
35.36%

Fixed Interest Quality Profile

AAA
 
 
3.70%
AA
 
 
3.52%
A
 
 
6.92%
BBB
 
 
8.83%
Sub-Investment Grade
 
 
2.54%
Unknown Quality
 
 
9.32%
Cash and Equivalents
 
 
9.04%
Other Asset Types
 
 
56.11%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G (1) Sterling Investment Grade Corporate Bond Class Z2A GBP 23.20% Managed Funds Managed Funds
2 Eastspring US Corporate Bond Class EG (hedged) 13.77% Managed Funds Managed Funds
3 M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc 10.78% Managed Funds Managed Funds
4 M&G (LUX) FCP Asian Local CCY Bond Class ZI 8.74% Managed Funds Managed Funds
5 M&G European Credit Investment Class E GBP Hedged 4.55% Managed Funds Managed Funds
6 M&G Emerging Markets Bond Class PP GBP 4.26% Managed Funds Managed Funds
7 M&G Global High Yield Bond Class A GBP 3.20% Managed Funds Managed Funds
8 M&G (Lux) Asian Corporate Bond Class ZI-H A 3.09% Managed Funds Managed Funds
9 M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A 1.92% Managed Funds Managed Funds
10 Legal & General UK Property Fund C 1.49% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 Eastspring US Corporate Bond Class EG (hedged) 13.77% Bonds United States
2 USD/GBP GBP 2.01% Non-Classified Non-Classified
3 L&G FREEHOLD PROPERTY 1.23% Non-Classified Non-Classified
4 iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) 1.13% Non-Classified Direct Property and REITs
5 EUR/GBP GBP 0.85% Non-Classified Non-Classified
6 iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.50% Non-Classified Direct Property and REITs
7 M&G Property Portfolio Class I GBP 0.38% Non-Classified Non-Classified
8 ⅞ Treasury 2046 0.36% Bonds United Kingdom
9 3¼% Treasury Gilt 2044 0.35% Bonds United Kingdom
10 EUR/USD USD 0.34% Non-Classified Non-Classified

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 B5B2WD6
Mex Code SBPIDE
Isin Code IE00B5B2WD69
Citi Code I2Y9

Fund Charges

Annual Management Charge (AMC) 1.44%
Further Costs 0.08%
Yearly Total 1.52%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Active 1 Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 9%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 9%. Capital invested is at risk. The fund aims to achieve its objective through investing at least 70% in actively managed collective investment schemes. The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure to lower risk assets such as fixed income assets and cash.
Benchmark IA Mixed Investment 0-35% shares
Sector OI Mixed Investment 0-35% Shares

Ratings

FE Crown Crown Rating of 2

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 -0.87
Beta 0.85
Sharpe 0.00
Standard Deviation 6.25
Info Ratio -0.21

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds Yes
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property Yes
Exchange Rate No
Higher Risk No
Performance Charges No
Derivative Exposure Yes
Offshore No
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

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.

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.

Property

The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)

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.

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.