Prudential M&G UK Equity Income S4 (Inc)

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

Performance

Discrete performance - to last month end

31/07/17
to
31/07/18
31/07/18
to
31/07/19
31/07/19
to
31/07/20
31/07/20
to
31/07/21
31/07/21
to
31/07/22
Fund 3.2% -3.9% -19.8% 29.8% 1.8%
Sector 5.8% -1.5% -19.2% 26.6% 3.4%
Rank n/a n/a n/a n/a n/a
Quartile n/a n/a n/a n/a n/a

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund 2.0% 1.0% 5.0%
Sector 1.9% 2.0% 5.7%
Rank n/a n/a n/a
Quartile n/a n/a n/a

Top 10 Holdings

Stock % Weight
BP 6.70
BRITISH AMERICAN TOBACCO 6.56
GSK GBP ORD 5.70
ASTRAZENECA 5.58
RIO TINTO 4.25
IMPERIAL BRANDS 4.21
HSBC HOLDINGS 3.20
SHELL 2.95
LLOYDS BANKING GROUP 2.92
NATIONAL GRID 2.69
Total 44.75

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Dividend Fund - the underlying fund.

Underlying Fund Objective: The fund has three aims which are to provide an annual yield higher than that of the FTSE All-Share Index, to provide an income stream that increases every year and provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period.

At least 70% of the fund is invested in equity securities and equity-related securities of companies across any sector and market capitalisation, that are incorporated, domiciled, listed or do most of their business in the United Kingdom. The fund may also invest in other transferable securities, including the shares of non-UK companies, cash and near cash directly or via collective investment schemes (including funds managed by M&G). Derivatives may be used for efficient portfolio management and hedging.

Fund Manager

Michael Stiasny manager of the underlying fund for 3 years and 5 months

Photo of Michael Stiasny Michael Stiasny is the fund manager of Charifund and, since 1 April 2018, of the M&G UK Income Distribution Fund. He is also deputy fund manager of both the M&G Recovery Fund and the M&G Global Recovery Fund. He joined M&G in 1998 as an equity analyst, becoming head of the pan-European equity research team in 2005. He was appointed deputy fund manager of the M&G Recovery Fund in 2011. Michael graduated with a degree in philosophy, politics and economics from the University of Oxford. He is a CFA charterholder.

Fund Overview

Bid (05/08/2022) 94.50
Offer (05/08/2022) 99.50
Yield 3.81%
Fund size (30/06/2022) £1.49m
Underlying Fund size £898.41m
Number of holdings 82
Launch date 25/04/2005

Fund Charges

Annual Management Charge (AMC) 1.35%
Further Costs 0.01%
Yearly Total 1.36%

Asset Allocation

pie chart
  UK Equities 85.84%
  International Equities 3.86%
  Investment Trusts 1.97%
  Property 1.96%
  Cash and Equivalents 0.58%
  Money Market 0.42%
  Other Assets 5.37%
Portfolio data accurate as at: 30/06/22

Important Information

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Equities 85.84%
  International Equities 3.86%
  Investment Trusts 1.97%
  Property 1.96%
  Cash and Equivalents 0.58%
  Money Market 0.42%
  Other Assets 5.37%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 23.44% - - -
 
Financial Services - 8.07% - -
 
Investment Banking & Brokerage Services - - 6.11% -
 
Asset Managers & Custodians - - - 4.95%
 
Investment Services - - - 1.15%
 
Equity Investment Instruments - - 1.97% -
 
Equity Investment Instruments - - - 1.97%
 
Insurance - 7.93% - -
 
Life Insurance - - 5.19% -
 
Life Insurance - - - 5.19%
 
Non-life Insurance - - 2.74% -
 
Property & Casualty Insurance - - - 2.18%
 
Reinsurance - - - 0.56%
 
Banks - 7.44% - -
 
Banks - - 7.44% -
 
Banks - - - 7.44%
 
Consumer Staples 14.05% - - -
 
Food, Beverage & Tobacco - 11.38% - -
 
Tobacco - - 10.77% -
 
Tobacco - - - 10.77%
 
Food Producers - - 0.61% -
 
Food Products - - - 0.61%
 
Personal Care, Drug & Grocery Stores - 2.67% - -
 
Personal Care, Drug & Grocery Stores - - 2.67% -
 
Food Retailers & Wholesalers - - - 1.37%
 
Personal Products - - - 1.30%
 
Non-Classified 12.62% - - -
 
Consumer Discretionary 8.65% - - -
 
Media - 3.16% - -
 
Media - - 3.16% -
 
Publishing - - - 1.14%
 
Radio & TV Broadcasters - - - 1.12%
 
Media Agencies - - - 0.90%
 
Travel & Leisure - 2.98% - -
 
Travel & Leisure - - 2.98% -
 
Casinos & Gambling - - - 1.81%
 
Travel & Tourism - - - 0.97%
 
Restaurants & Bars - - - 0.19%
 
Consumer Products & Services - 1.60% - -
 
Household Goods & Home Construction - - 1.60% -
 
Home Construction - - - 1.60%
 
Retail - 0.92% - -
 
Retailers - - 0.92% -
 
Specialty Retailers - - - 0.59%
 
Home Improvement Retailers - - - 0.32%
 
Energy 8.58% - - -
 
Energy - 8.58% - -
 
Non-Renewable Energy - - 8.58% -
 
Integrated Oil & Gas - - - 7.06%
 
Oil: Crude Producers - - - 1.51%
 
Oil Equipment & Services - - - 0.01%
 
Basic Materials 7.80% - - -
 
Basic Resources - 6.05% - -
 
Industrial Metals & Mining - - 5.24% -
 
General Mining - - - 5.24%
 
Industrial Materials - - 0.81% -
 
Paper - - - 0.81%
 
Chemicals - 1.75% - -
 
Chemicals - - 1.75% -
 
Specialty Chemicals - - - 1.14%
 
Chemicals: Diversified - - - 0.62%
 
Health Care 7.09% - - -
 
Health Care - 7.09% - -
 
Pharmaceuticals & Biotechnology - - 7.09% -
 
Pharmaceuticals - - - 7.09%
 
Utilities 6.62% - - -
 
Utilities - 6.62% - -
 
Gas, Water & Multi-utilities - - 3.31% -
 
Multi-Utilities - - - 3.00%
 
Water - - - 0.31%
 
Electricity - - 3.30% -
 
Conventional Electricity - - - 3.30%
 
Real Estate 3.57% - - -
 
Real Estate - 3.57% - -
 
Real Estate Investment Trusts - - 2.69% -
 
Industrial REITs - - - 0.75%
 
Office REITs - - - 0.73%
 
Retail REITs - - - 0.62%
 
Residential REITs - - - 0.59%
 
Real Estate Investment & Services - - 0.88% -
 
Real Estate Holding and Development - - - 0.88%
 
Telecommunications 2.86% - - -
 
Telecommunications - 2.86% - -
 
Telecommunications Service Providers - - 2.86% -
 
Telecommunications Services - - - 2.86%
 
Industrials 2.42% - - -
 
Industrial Goods & Services - 2.15% - -
 
General Industrials - - 1.40% -
 
Containers & Packaging - - - 1.40%
 
Industrial Transportation - - 0.50% -
 
Delivery Services - - - 0.50%
 
Industrial Support Services - - 0.25% -
 
Transaction Processing Services - - - 0.25%
 
Construction & Materials - 0.27% - -
 
Construction & Materials - - 0.27% -
 
Construction - - - 0.27%
 
Technology 1.72% - - -
 
Technology - 1.72% - -
 
Software & Computer Services - - 1.72% -
 
Software - - - 0.87%
 
Consumer Digital Services - - - 0.85%
 
Cash and Equivalents 0.58% - - -

Regional Allocation

pie chart
  UK 85.84%
  Non-Classified 7.34%
  Property 1.96%
  North America 1.64%
  Developed Europe - Excl UK 1.49%
  Cash and Equivalents 1.01%
  Japan 0.41%
  Developed Asia 0.32%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.79%
  Cash 1.02%
  Pound Sterling 0.18%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 85.84% -
 
United Kingdom - 85.84%
 
Non-Classified 7.34% -
 
Property 1.96% -
 
North America 1.64% -
 
United States - 1.09%
 
Canada - 0.54%
 
Developed Europe - Excl UK 1.49% -
 
Finland - 0.81%
 
France - 0.67%
 
Norway - 0.01%
 
Cash and Equivalents 1.01% -
 
Japan 0.41% -
 
Japan - 0.41%
 
Developed Asia 0.32% -
 
Singapore - 0.32%

Breakdown By Market Cap (%)

Mega
 
 
45.22%
Large
 
 
16.35%
Medium
 
 
14.71%
Small
 
 
12.71%
Micro
 
 
2.15%
Non-Classified
 
 
8.27%
Cash
 
 
0.58%

Top 10 Holdings

Stock % Weight Sector Country
1 BP 6.70% Non-Renewable Energy United Kingdom
2 BRITISH AMERICAN TOBACCO 6.56% Tobacco United Kingdom
3 GSK GBP ORD 5.70% Non-Classified United Kingdom
4 ASTRAZENECA 5.58% Pharmaceuticals & Biotechnology United Kingdom
5 RIO TINTO 4.25% Industrial Metals & Mining United Kingdom
6 IMPERIAL BRANDS 4.21% Tobacco United Kingdom
7 HSBC HOLDINGS 3.20% Banks United Kingdom
8 SHELL 2.95% Non-Renewable Energy Non-Classified
9 LLOYDS BANKING GROUP 2.92% Banks United Kingdom
10 NATIONAL GRID 2.69% Gas, Water & Multi-utilities United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.72% - - - - - - - 1.72%
Telecommunications 2.54% 0.32% - - - - - - 2.86%
Financials 21.48% - - - - - 4.39% - 25.87%
Real Estate 1.61% - - - - 1.96% - - 3.57%
Consumer Discretionary 8.65% - - - - - - - 8.65%
Consumer Staples 14.05% - - - - - - - 14.05%
Energy 8.21% 0.37% - - - - 2.95% - 11.52%
Utilities 6.31% 0.31% - - - - - - 6.62%
Health Care 5.58% 1.50% - - - - - - 7.09%
Industrials 2.42% - - - - - - - 2.42%
Basic Materials 6.45% 1.36% - - - - - - 7.80%
Cash and Equivalents - - - - - - - 0.58% 0.58%
Non-Classified 6.83% - - - - - 0.42% - 7.25%

Important Information

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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 B06GTH1
Mex Code PUNHF
Isin Code GB00B06GTH18
Citi Code WU21

Fund Charges

Annual Management Charge (AMC) 1.35%
Further Costs 0.01%
Yearly Total 1.36%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Dividend Fund - the underlying fund. Underlying Fund Objective: The fund has three aims which are to provide an annual yield higher than that of the FTSE All-Share Index, to provide an income stream that increases every year and provide a higher total return (the combination of capital growth and income), net of the Ongoing Charge Figure, than that of the FTSE All-Share Index over any five-year period. At least 70% of the fund is invested in equity securities and equity-related securities of companies across any sector and market capitalisation, that are incorporated, domiciled, listed or do most of their business in the United Kingdom. The fund may also invest in other transferable securities, including the shares of non-UK companies, cash and near cash directly or via collective investment schemes (including funds managed by M&G). Derivatives may be used for efficient portfolio management and hedging.
Benchmark FTSE All-Share Index
ABI Sector UK Equity Income

Ratings

FE Crown Crown Rating of 3

Distribution Income Details

Distribution Rate as at 16/05/2022 1.70 pence per unit
Distribution Yield as at 16/05/2022 3.81%

Source: Prudential

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

Important Information

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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 0.17
Beta 1.02
Sharpe 0.00
Standard Deviation 18.19
Info Ratio 0.04

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds No
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate No
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth Yes
Umbrella Liabilities Yes
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

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.

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

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

The yield shown is the fund series pence per unit as an annualised percentage of the fund bid price at the time of distribution. The rate of growth of funds and any income from them cannot be guaranteed.

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.