PIA Deferred Distribution USD 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

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 8.1% 4.7% 3.3% 17.1% -7.4%
Sector 1.5% -1.9% 4.7% 15.4% -17.0%
Rank 2/212 19/233 145/243 110/260 9/271
Quartile 1 1 3 2 1

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund 3.8% 4.9% 6.6%
Sector 0.1% 0.0% 1.3%
Rank 17/243 4/212 1/141
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
MICROSOFT CORP 3.49
APPLE INC 3.42
CBT US LON BON SEP22 1.47
AMAZON.COM 1.45
JUNCTION SIX BIRMINGHAM 1.24
ALPHABET INC 1.18
ALPHABET INC 1.12
PARC TROSTRE RETAIL PARK, LLAN 1.12
JOHNSON & JOHNSON 0.98
COCA-COLA CO 0.92
Total 16.40

Fund Aims

Objective: The fund aims to deliver capital growth together with reinvested income over the longer term.

Fund Investments: The fund primarily invests in US equity funds, US fixed income funds, UK property funds and cash. These assets are predominantly denominated in US dollars.

Fund Manager

M&G Treasury & Investment Office manager for 16 years and 9 months

Photo of M&G Treasury & Investment Office 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.

Fund Overview

Bid (16/08/2022) 2.14
Offer (16/08/2022) 2.25
Fund size (30/06/2022) $1.77m
Number of holdings 1104
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.12%
Yearly Total 1.42%

Asset Allocation

pie chart
  International Equities 49.73%
  International Bonds 28.03%
  Property 10.72%
  Cash and Equivalents 4.71%
  UK Corporate Bonds 1.12%
  UK Equities 0.28%
  Investment Trusts 0.06%
  Other Assets 5.35%
Portfolio data accurate as at: 30/06/22

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 Equities 49.73%
  International Bonds 28.03%
  Property 10.72%
  Cash and Equivalents 4.71%
  UK Corporate Bonds 1.12%
  UK Equities 0.28%
  Investment Trusts 0.06%
  Other Assets 5.35%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 29.15% - - -
 
Technology 14.48% - - -
 
Technology - 14.48% - -
 
Software & Computer Services - - 8.10% -
 
Software - - - 4.74%
 
Consumer Digital Services - - - 2.86%
 
Computer Services - - - 0.50%
 
Technology Hardware & Equipment - - 6.38% -
 
Computer Hardware - - - 3.67%
 
Semiconductors - - - 2.46%
 
Production Technology Equipment - - - 0.20%
 
Electronic Components - - - 0.05%
 
Property 9.37% - - -
 
Property - 9.37% - -
 
Property - - 9.37% -
 
Property - - - 9.37%
 
Health Care 7.21% - - -
 
Health Care - 7.21% - -
 
Pharmaceuticals & Biotechnology - - 3.81% -
 
Pharmaceuticals - - - 3.50%
 
Biotechnology - - - 0.30%
 
Medical Equipment & Services - - 2.57% -
 
Medical Equipment - - - 2.13%
 
Medical Supplies - - - 0.44%
 
Health Care Providers - - 0.84% -
 
Health Care Management Services - - - 0.84%
 
Consumer Discretionary 6.38% - - -
 
Retail - 2.86% - -
 
Retailers - - 2.86% -
 
Diversified Retailers - - - 1.91%
 
Home Improvement Retailers - - - 0.52%
 
Apparel Retailers - - - 0.25%
 
Specialty Retailers - - - 0.18%
 
Travel & Leisure - 1.15% - -
 
Travel & Leisure - - 1.15% -
 
Restaurants & Bars - - - 0.95%
 
Travel & Tourism - - - 0.10%
 
Airlines - - - 0.10%
 
Automobiles & Parts - 1.08% - -
 
Automobiles & Parts - - 1.08% -
 
Automobiles - - - 1.02%
 
Auto Parts - - - 0.06%
 
Media - 0.67% - -
 
Media - - 0.67% -
 
Entertainment - - - 0.48%
 
Media Agencies - - - 0.17%
 
Radio & TV Broadcasters - - - 0.02%
 
Consumer Products & Services - 0.61% - -
 
Personal Goods - - 0.22% -
 
Footwear - - - 0.18%
 
Clothing & Accessories - - - 0.04%
 
Consumer Services - - 0.17% -
 
Consumer Services: Misc. - - - 0.17%
 
Household Goods & Home Construction - - 0.11% -
 
Household Appliance - - - 0.11%
 
Leisure Goods - - 0.11% -
 
Electronic Entertainment - - - 0.11%
 
Recreational Products - - - 0.01%
 
Industrials 6.23% - - -
 
Industrial Goods & Services - 6.10% - -
 
Industrial Support Services - - 2.34% -
 
Transaction Processing Services - - - 1.47%
 
Professional Business Support Services - - - 0.77%
 
Business Training & Employment Agencies - - - 0.10%
 
General Industrials - - 1.38% -
 
Diversified Industrials - - - 0.99%
 
Paints & Coatings - - - 0.24%
 
Containers & Packaging - - - 0.15%
 
Electronic & Electrical Equipment - - 0.89% -
 
Electronic Equipment: Control & Filter - - - 0.44%
 
Electronic Equipment: Pollution Control - - - 0.38%
 
Electronic Equipment: Gauges & Meters - - - 0.04%
 
Electronic Equipment: Other - - - 0.03%
 
Industrial Transportation - - 0.69% -
 
Railroads - - - 0.40%
 
Delivery Services - - - 0.25%
 
Transportation Services - - - 0.04%
 
Industrial Engineering - - 0.50% -
 
Machinery: Engines - - - 0.21%
 
Machinery: Construction & Handling - - - 0.18%
 
Machinery: Agricultural - - - 0.08%
 
Machinery: Industrial - - - 0.02%
 
Machinery: Tools - - - 0.01%
 
Aerospace & Defence - - 0.30% -
 
Aerospace - - - 0.30%
 
Construction & Materials - 0.13% - -
 
Construction & Materials - - 0.13% -
 
Building: Climate Control - - - 0.13%
 
Non-Classified 5.35% - - -
 
Financials 5.07% - - -
 
Financial Services - 2.15% - -
 
Investment Banking & Brokerage Services - - 1.29% -
 
Investment Services - - - 0.90%
 
Asset Managers & Custodians - - - 0.32%
 
Diversified Financial Services - - - 0.06%
 
Finance & Credit Services - - 0.81% -
 
Financial Data & Systems - - - 0.81%
 
Equity Investment Instruments - - 0.06% -
 
Equity Investment Instruments - - - 0.06%
 
Banks - 1.78% - -
 
Banks - - 1.78% -
 
Banks - - - 1.78%
 
Insurance - 1.14% - -
 
Non-life Insurance - - 1.08% -
 
Property & Casualty Insurance - - - 0.56%
 
Full Line Insurance - - - 0.27%
 
Insurance Brokers - - - 0.26%
 
Life Insurance - - 0.06% -
 
Life Insurance - - - 0.06%
 
Cash and Equivalents 4.71% - - -
 
Consumer Staples 3.69% - - -
 
Food, Beverage & Tobacco - 1.86% - -
 
Beverages - - 1.73% -
 
Soft Drinks - - - 1.68%
 
Brewers - - - 0.05%
 
Food Producers - - 0.14% -
 
Food Products - - - 0.14%
 
Personal Care, Drug & Grocery Stores - 1.83% - -
 
Personal Care, Drug & Grocery Stores - - 1.83% -
 
Personal Products - - - 0.73%
 
Drug Retailers - - - 0.68%
 
Food Retailers & Wholesalers - - - 0.37%
 
Nondurable Household Products - - - 0.05%
 
Energy 2.29% - - -
 
Energy - 2.29% - -
 
Non-Renewable Energy - - 2.26% -
 
Integrated Oil & Gas - - - 1.17%
 
Oil: Crude Producers - - - 0.58%
 
Oil Equipment & Services - - - 0.22%
 
Oil Refining and Marketing - - - 0.15%
 
Pipelines - - - 0.15%
 
Renewable Energy - - 0.03% -
 
Renewable Energy Equipment - - - 0.03%
 
Real Estate 2.19% - - -
 
Real Estate - 2.19% - -
 
Real Estate Investment Trusts - - 2.04% -
 
Industrial REITs - - - 0.40%
 
Residential REITs - - - 0.35%
 
Retail REITs - - - 0.33%
 
Office REITs - - - 0.33%
 
Other Specialty REITs - - - 0.21%
 
Diversified REITs - - - 0.19%
 
Infrastructure REITs - - - 0.15%
 
Health Care REITs - - - 0.06%
 
Hotel & Lodging REITs - - - 0.02%
 
Real Estate Investment & Services - - 0.16% -
 
Real Estate Services - - - 0.16%
 
Utilities 1.67% - - -
 
Utilities - 1.67% - -
 
Electricity - - 1.10% -
 
Conventional Electricity - - - 1.10%
 
Gas, Water & Multi-utilities - - 0.31% -
 
Multi-Utilities - - - 0.25%
 
Water - - - 0.06%
 
Waste & Disposal Services - - 0.27% -
 
Waste & Disposal Services - - - 0.27%
 
Telecommunications 1.36% - - -
 
Telecommunications - 1.36% - -
 
Telecommunications Service Providers - - 0.90% -
 
Telecommunications Services - - - 0.62%
 
Cable Television Services - - - 0.28%
 
Telecommunications Equipment - - 0.46% -
 
Telecommunications Equipment - - - 0.46%
 
Basic Materials 0.84% - - -
 
Chemicals - 0.66% - -
 
Chemicals - - 0.66% -
 
Chemicals: Diversified - - - 0.30%
 
Specialty Chemicals - - - 0.25%
 
Fertilizers - - - 0.11%
 
Basic Resources - 0.18% - -
 
Precious Metals & Mining - - 0.08% -
 
Gold Mining - - - 0.08%
 
Industrial Metals & Mining - - 0.06% -
 
Iron & Steel - - - 0.06%
 
Industrial Materials - - 0.05% -
 
Diversified Materials - - - 0.05%

Regional Allocation

pie chart
  North America 73.85%
  Property 10.72%
  Non-Classified 5.41%
  Cash and Equivalents 4.71%
  Developed Europe - Excl UK 2.96%
  UK 1.40%
  Japan 0.44%
  Australia & New Zealand 0.22%
  Middle East & Africa 0.18%
  Developed Asia 0.10%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 68.57%
  US Dollar 29.12%
  Cash 2.28%
  Canadian Dollar 0.03%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 73.85% -
 
United States - 73.10%
 
Canada - 0.75%
 
Property 10.72% -
 
Non-Classified 5.41% -
 
Cash and Equivalents 4.71% -
 
Developed Europe - Excl UK 2.96% -
 
Ireland - 1.61%
 
Netherlands - 0.44%
 
Switzerland - 0.27%
 
France - 0.17%
 
Norway - 0.14%
 
Luxembourg - 0.14%
 
Sweden - 0.06%
 
Denmark - 0.05%
 
Spain - 0.05%
 
Germany - 0.03%
 
UK 1.40% -
 
United Kingdom - 1.40%
 
Japan 0.44% -
 
Japan - 0.44%
 
Australia & New Zealand 0.22% -
 
New Zealand - 0.15%
 
Australia - 0.07%
 
Middle East & Africa 0.18% -
 
South Africa - 0.11%
 
Saudi Arabia - 0.07%
 
Developed Asia 0.10% -
 
Singapore - 0.10%

Breakdown By Market Cap (%)

Mega
 
 
40.97%
Large
 
 
7.51%
Medium
 
 
1.09%
Small
 
 
0.17%
Non-Classified
 
 
16.39%
Bonds
 
 
29.15%
Cash
 
 
4.71%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
13.41%
5Yr - 10Yr Maturity
 
 
9.35%
10Yr - 15Yr Maturity
 
 
0.69%
> 15Yr Maturity
 
 
5.70%
Cash And Equivalents
 
 
4.71%
Unknown Maturity
 
 
5.43%
Other Asset Types
 
 
60.71%

Fixed Interest Quality Profile

AAA
 
 
1.11%
AA
 
 
0.76%
A
 
 
9.83%
BBB
 
 
13.13%
Sub-Investment Grade
 
 
3.67%
Unknown Quality
 
 
0.64%
Cash and Equivalents
 
 
4.71%
Other Asset Types
 
 
66.14%

Fund Holdings

Name % Weight Sector Country
1 M&G (ACS) Blackrock US Equity Z3A 51.25% Managed Funds Managed Funds
2 M&G (1) US Corporate Bond - 24.17% Managed Funds Managed Funds
3 M&G Feeder of Property Portfolio Class A GBP 12.88% Managed Funds Managed Funds
4 M&G (1) us Short Duration Corporate Bond - 10.51% Managed Funds Managed Funds
5 PIA US Deposit Ser A USD 0.03% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 MICROSOFT CORP 3.49% Software & Computer Services United States
2 APPLE INC 3.42% Technology Hardware & Equipment United States
3 CBT US LON BON SEP22 1.47% Non-Classified Non-Classified
4 AMAZON.COM 1.45% Retailers United States
5 JUNCTION SIX BIRMINGHAM 1.24% Property Direct Property and REITs
6 ALPHABET INC 1.18% Software & Computer Services United States
7 ALPHABET INC 1.12% Software & Computer Services United States
8 PARC TROSTRE RETAIL PARK, LLAN 1.12% Property Direct Property and REITs
9 JOHNSON & JOHNSON 0.98% Pharmaceuticals & Biotechnology United States
10 COCA-COLA CO 0.92% Beverages United States

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 B0MSS96
Mex Code SBPDDB
Isin Code IE00B0MSS965
Citi Code TJ79

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.12%
Yearly Total 1.42%

Aims and Benchmark

Aims Objective: The fund aims to deliver capital growth together with reinvested income over the longer term. Fund Investments: The fund primarily invests in US equity funds, US fixed income funds, UK property funds and cash. These assets are predominantly denominated in US dollars.
Benchmark Variable
ABI Sector Mixed Investment 20-60% Shares

Ratings

FE Crown Crown Rating of 5

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 3.50
Beta 1.05
Sharpe 0.03
Standard Deviation 10.92
Info Ratio 0.69

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
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 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 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).

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.

Solvency of Depository

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.

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.