Prudential M&G European Sustain Paris Aligned Bond (ex M&G)

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 -0.9% 12.4% 3.3% 14.3% 10.9%
Sector 5.4% 12.5% 3.3% 8.8% 6.9%
Rank 164/179 71/179 118/179 17/179 22/179
Quartile 4 2 3 1 1

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 9.4% 7.8% 6.7%
Sector 6.3% 7.4% 6.3%
Rank 14/179 67/179 62/170
Quartile 1 2 2

Top 10 Holdings

Stock % Weight
NOVO NORDISK A/S 7.24
SCHNEIDER ELECTRIC SE 5.48
SAP SE 5.41
SCOUT24 SE 4.92
HANNOVER RUCK SE 4.50
AIB GROUP 4.42
KUEHNE & NAGEL INTERNATIONAL AG 4.22
LEGRAND 4.14
NESTLE S.A. 4.01
UNIVERSAL MUSIC GROUP N.V. 3.65
Total 48.00

Fund Aims

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

Underlying Fund Objective: The fund has two aims: - To provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than that of the MSCI Europe ex UK Index over any five-year period; and - To invest in companies that contribute towards the Paris Agreement climate change goal.

At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sector and market capitalisation that are incorporated, domiciled, or listed in Europe, excluding the UK. The fund has a concentrated portfolio and usually holds fewer than 35 companies. The fund invests in securities that meet the ESG Criteria and Sustainability Criteria. The following types of exclusions apply to the fund’s direct investments:

  • Norms-based exclusions: investments that are assessed to be in breach of commonly accepted standards of behaviour related to human rights, labour rights, environment and anti-corruption.
  • Sector-based and/or values-based exclusions: investments and/or sectors exposed to business activities that are assessed to be damaging to human health, societal wellbeing, the environment, or otherwise assessed to be misaligned with the Fund's sector-based and/or values-based criteria.
  • Other exclusions: investments assessed to be otherwise in conflict with the ESG Criteria and Sustainability Criteria.

Fund Manager

John William Olsen manager of the underlying fund for 9 years and 8 months

Photo of John William Olsen John William Olsen, a Danish national, joined M&G in April 2014, and was appointed fund manager of the M&G Global Growth Fund and M&G Pan European Fund in July 2014. John William joined M&G from Danske Capital, where from 2002 he had managed non-domestic equity portfolios, including the Global Stock Picking and Global Select equity funds, and also the European Select strategy. He joined Danske Capital in 1998 as a fund manager on the domestic Danish equities team, and in 2000 also became a global sector analyst focusing on technology and telecommunications stocks. John William gained a BA in business economics and then an MSc in finance and accounting from Copenhagen Business School.

Fund Overview

Bid (27/03/2024) 2428.70
Offer (27/03/2024) 2550.20
Fund size (29/02/2024) £20.15m
Underlying Fund size £1007.74m
Number of holdings 33
Launch date 01/04/1985

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Asset Allocation

pie chart
  International Equities 91.80%
  UK Equities 6.37%
  Cash and Equivalents 0.03%
  Other Assets 1.80%
Portfolio data accurate as at: 31/01/24

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 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
  International Equities 91.80%
  UK Equities 6.37%
  Cash and Equivalents 0.03%
  Other Assets 1.80%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Industrials 26.23% - - -
 
Industrial Goods & Services - 26.23% - -
 
Electronic & Electrical Equipment - - 9.63% -
 
Electrical Components - - - 9.63%
 
Industrial Transportation - - 7.78% -
 
Marine Transportation - - - 4.22%
 
Transportation Services - - - 3.57%
 
Industrial Engineering - - 6.42% -
 
Machinery: Construction & Handling - - - 3.22%
 
Machinery: Industrial - - - 3.20%
 
Industrial Support Services - - 2.40% -
 
Security Services - - - 2.40%
 
Financials 15.35% - - -
 
Banks - 10.85% - -
 
Banks - - 10.85% -
 
Banks - - - 10.85%
 
Insurance - 4.50% - -
 
Non-life Insurance - - 4.50% -
 
Reinsurance - - - 4.50%
 
Technology 13.84% - - -
 
Technology - 13.84% - -
 
Software & Computer Services - - 13.84% -
 
Software - - - 5.41%
 
Consumer Digital Services - - - 4.92%
 
Computer Services - - - 3.51%
 
Health Care 13.48% - - -
 
Health Care - 13.48% - -
 
Pharmaceuticals & Biotechnology - - 11.69% -
 
Pharmaceuticals - - - 9.93%
 
Biotechnology - - - 1.76%
 
Health Care Providers - - 1.79% -
 
Health Care Services - - - 1.79%
 
Consumer Discretionary 12.11% - - -
 
Media - 7.23% - -
 
Media - - 7.23% -
 
Radio & TV Broadcasters - - - 3.65%
 
Entertainment - - - 3.58%
 
Consumer Products & Services - 2.86% - -
 
Personal Goods - - 2.86% -
 
Luxury Items - - - 2.86%
 
Retail - 2.02% - -
 
Retailers - - 2.02% -
 
Specialty Retailers - - - 2.02%
 
Consumer Staples 6.94% - - -
 
Food, Beverage & Tobacco - 4.01% - -
 
Food Producers - - 4.01% -
 
Food Products - - - 4.01%
 
Personal Care, Drug & Grocery Stores - 2.93% - -
 
Personal Care, Drug & Grocery Stores - - 2.93% -
 
Personal Products - - - 2.07%
 
Nondurable Household Products - - - 0.86%
 
Basic Materials 6.00% - - -
 
Chemicals - 6.00% - -
 
Chemicals - - 6.00% -
 
Specialty Chemicals - - - 3.65%
 
Chemicals: Diversified - - - 2.35%
 
Utilities 2.32% - - -
 
Utilities - 2.32% - -
 
Electricity - - 2.32% -
 
Alternative Electricity - - - 2.32%
 
Energy 1.90% - - -
 
Energy - 1.90% - -
 
Renewable Energy - - 1.90% -
 
Renewable Energy Equipment - - - 1.90%
 
Non-Classified 1.80% - - -
 
Non-Classified - 1.80% - -
 
Non-Classified - - 1.80% -
 
Non-Classified - - - 1.80%
 
Cash and Equivalents 0.03% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 91.80%
  UK 6.37%
  Non-Classified 1.80%
  Cash and Equivalents 0.03%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 94.92%
  Euro 2.61%
  Cash 2.47%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 91.80% -
 
Denmark - 22.99%
 
Germany - 20.21%
 
France - 10.48%
 
Netherlands - 9.67%
 
Switzerland - 8.23%
 
Ireland - 6.77%
 
Spain - 5.27%
 
Finland - 3.22%
 
Austria - 3.20%
 
Italy - 1.77%
 
UK 6.37% -
 
United Kingdom - 6.37%
 
Non-Classified 1.80% -
 
Cash and Equivalents 0.03% -

Breakdown By Market Cap (%)

Mega
 
 
43.01%
Large
 
 
25.45%
Medium
 
 
15.68%
Non-Classified
 
 
15.84%
Cash
 
 
0.03%

Top 10 Holdings

Stock % Weight Sector Country
1 NOVO NORDISK A/S 7.24% Pharmaceuticals & Biotechnology Denmark
2 SCHNEIDER ELECTRIC SE 5.48% Electronic & Electrical Equipment France
3 SAP SE 5.41% Software & Computer Services Germany
4 SCOUT24 SE 4.92% Software & Computer Services Germany
5 HANNOVER RUCK SE 4.50% Non-life Insurance Germany
6 AIB GROUP 4.42% Banks Ireland
7 KUEHNE & NAGEL INTERNATIONAL AG 4.22% Industrial Transportation Switzerland
8 LEGRAND 4.14% Electronic & Electrical Equipment France
9 NESTLE S.A. 4.01% Food Producers Switzerland
10 UNIVERSAL MUSIC GROUP N.V. 3.65% Media Netherlands

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 13.84% - - - - - - 13.84%
Financials 2.28% 13.07% - - - - - - 15.35%
Consumer Discretionary 2.02% 10.09% - - - - - - 12.11%
Consumer Staples 2.07% 4.87% - - - - - - 6.94%
Energy - 1.90% - - - - - - 1.90%
Utilities - 2.32% - - - - - - 2.32%
Health Care - 13.48% - - - - - - 13.48%
Industrials - 26.23% - - - - - - 26.23%
Basic Materials - 6.00% - - - - - - 6.00%
Cash and Equivalents - - - - - - - 0.03% 0.03%
Non-Classified - - - - - - 1.80% - 1.80%

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 0553816
Mex Code MGEUA
Isin Code GB0005538169
Citi Code MA44

Fund Charges

Annual Management Charge (AMC) 1.00%
Further Costs 0.01%
Yearly Total 1.01%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G European Sustain Paris Aligned Fund - the underlying fund. Underlying Fund Objective: The fund has two aims: - To provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure, than that of the MSCI Europe ex UK Index over any five-year period; and - To invest in companies that contribute towards the Paris Agreement climate change goal. At least 80% of the fund is invested directly in equity securities and equity-related securities of companies across any sector and market capitalisation that are incorporated, domiciled, or listed in Europe, excluding the UK. The fund has a concentrated portfolio and usually holds fewer than 35 companies. The fund invests in securities that meet the ESG Criteria and Sustainability Criteria. The following types of exclusions apply to the fund’s direct investments: - Norms-based exclusions: investments that are assessed to be in breach of commonly accepted standards of behaviour related to human rights, labour rights, environment and anti-corruption. - Sector-based and/or values-based exclusions: investments and/or sectors exposed to business activities that are assessed to be damaging to human health, societal wellbeing, the environment, or otherwise assessed to be misaligned with the Fund's sector-based and/or values-based criteria. - Other exclusions: investments assessed to be otherwise in conflict with the ESG Criteria and Sustainability Criteria.
Benchmark MSCI Europe ex UK Index
Sector ABI Europe excluding UK Equities

Ratings

FE Crown Crown Rating of 3

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 2.98
Beta 0.96
Sharpe 0.50
Standard Deviation 11.84
Info Ratio 0.57

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio Yes
Smaller Companies Yes
High Yield Bonds No
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth Yes
Umbrella Liabilities Yes
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity Yes
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).

Concentrated Portfolio

The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.

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.

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.

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.

Liquidity

This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.

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.