Gravis Capital Management Ltd GCP Infrastructure Investments Ltd Ord GBP0.01
1.32
New Zealand Government 2.75% Bds 15/04/2037 NZD
1.27
Australia (Commonwealth) 3.75% Bds 21/04/2037 AUD1000
1.23
MOLSON COORS BEVERAGE COMPANY
1.20
SHELL
1.10
TENCENT MUSIC ENTERTAINMENT GROUP
1.09
Total
16.33
Fund Aims
The objective of the Sub-Fund is to achieve long-term capital growth in excess of cash (1 Month GBP LIBOR) +3% p.a. over 5 years before fees, from a balanced portfolio diversified across a range of assets. A positive return is not guaranteed and a capital loss may occur.
Fund Manager
Bhavin Shahmanager
for
8 years
and 9 months
Bhavin joined Newton in June 2011 as a portfolio manager within the multi-asset team. Prior to joining Newton, he worked at SG Hambros for 7 years where he was responsible for managing client portfolios focused on absolute return & multi-asset strategies. Bhavin is co-lead manager on a numerous multi asset accounts at Newton. In addition to portfolio management responsibilities, Bhavin is also a member of the Investment Risk Oversight Group and is a co-lead of our Net Effects thematic group, which focuses on digitalisation trends.
Bhavin holds an MSc in Mathematics with distinction and is a CFA1 charterholder.
Paul Floodmanager
for
13 years
and 10 months
Paul is a portfolio manager and strategist at Newton. He is a portfolio manager on the Newton Global Income strategy and is also lead manager of the Newton Multi-Asset Income strategy and the Newton Multi-Asset Diversified Return strategy. He also provides leadership and analysis on asset allocation, derivatives and convertible bonds for the wider firm, having spent the earlier part of his career working on strategic asset allocation and derivative strategy. Paul is responsible for generating ideas within alternative assets and has been leading in this area since 2008. He is a member of the asset class strategy group and provides feedback to the wider house on strategic and tactical asset allocation.
Paul joined Newton in 2004. He is a CFA1 charterholder and has completed the certificate in quantitative finance (CQF) after passing with distinction. Paul studied Astrophysics at the University of St Andrews and is a keen cyclist and runner, having recently cycled the length of the UK from Land’s End to John O’Groats and often participates in marathons.
Fund Overview
Mid (20/05/2025)
196.25p
Historic yield
3.22%
Fund size (31/03/2025)
£389.54m
Number of holdings
181
Entry Charge
0.00%
Ongoing Charges
0.71%
Launch date
05/09/2012
Asset Allocation
International Equities
35.43%
International Bonds
17.88%
Investment Trusts
16.77%
UK Equities
11.92%
UK Gilts
5.10%
Alternative Trading Strategies
3.81%
Commodities
3.35%
UK Corporate Bonds
2.16%
Property
0.74%
Other Assets
2.84%
Portfolio data accurate as at: 31/03/25
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
International Equities
35.43%
International Bonds
17.88%
Investment Trusts
16.77%
UK Equities
11.92%
UK Gilts
5.10%
Alternative Trading Strategies
3.81%
Commodities
3.35%
UK Corporate Bonds
2.16%
Property
0.74%
Other Assets
2.84%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
25.13%
-
-
-
Financials
25.06%
-
-
-
Financial Services
-
20.31%
-
-
Equity Investment Instruments
-
-
16.77%
-
Equity Investment Instruments
-
-
-
16.77%
Investment Banking & Brokerage Services
-
-
3.31%
-
Investment Services
-
-
-
2.20%
Asset Managers & Custodians
-
-
-
1.11%
Finance & Credit Services
-
-
0.24%
-
Consumer Lending
-
-
-
0.24%
Insurance
-
3.34%
-
-
Non-life Insurance
-
-
1.79%
-
Full Line Insurance
-
-
-
1.09%
Reinsurance
-
-
-
0.70%
Life Insurance
-
-
1.55%
-
Life Insurance
-
-
-
1.55%
Banks
-
1.40%
-
-
Banks
-
-
1.40%
-
Banks
-
-
-
1.40%
Consumer Discretionary
9.98%
-
-
-
Media
-
2.94%
-
-
Media
-
-
2.94%
-
Entertainment
-
-
-
1.09%
Radio & TV Broadcasters
-
-
-
0.95%
Media Agencies
-
-
-
0.90%
Travel & Leisure
-
2.20%
-
-
Travel & Leisure
-
-
2.20%
-
Travel & Tourism
-
-
-
1.10%
Restaurants & Bars
-
-
-
0.58%
Airlines
-
-
-
0.52%
Retail
-
1.87%
-
-
Retailers
-
-
1.87%
-
Diversified Retailers
-
-
-
1.34%
Apparel Retailers
-
-
-
0.53%
Consumer Products & Services
-
1.73%
-
-
Personal Goods
-
-
0.78%
-
Clothing & Accessories
-
-
-
0.78%
Household Goods & Home Construction
-
-
0.55%
-
Home Construction
-
-
-
0.55%
Leisure Goods
-
-
0.41%
-
Consumer Electronics
-
-
-
0.41%
Automobiles & Parts
-
1.24%
-
-
Automobiles & Parts
-
-
1.24%
-
Automobiles
-
-
-
0.97%
Auto Parts
-
-
-
0.27%
Industrials
8.98%
-
-
-
Industrial Goods & Services
-
6.79%
-
-
Industrial Transportation
-
-
2.80%
-
Transportation Services
-
-
-
1.76%
Commercial Vehicle-Equipment Leasing
-
-
-
0.54%
Marine Transportation
-
-
-
0.49%
Industrial Support Services
-
-
2.03%
-
Industrial Suppliers
-
-
-
0.88%
Professional Business Support Services
-
-
-
0.64%
Transaction Processing Services
-
-
-
0.51%
Aerospace & Defence
-
-
0.64%
-
Defense
-
-
-
0.64%
General Industrials
-
-
0.60%
-
Diversified Industrials
-
-
-
0.60%
Industrial Engineering
-
-
0.38%
-
Machinery: Industrial
-
-
-
0.38%
Electronic & Electrical Equipment
-
-
0.35%
-
Electrical Components
-
-
-
0.35%
Construction & Materials
-
2.18%
-
-
Construction & Materials
-
-
2.18%
-
Engineering & Contracting Services
-
-
-
0.82%
Construction
-
-
-
0.56%
Building: Climate Control
-
-
-
0.46%
Cement
-
-
-
0.35%
Health Care
4.19%
-
-
-
Health Care
-
4.19%
-
-
Medical Equipment & Services
-
-
2.54%
-
Medical Equipment
-
-
-
1.51%
Medical Supplies
-
-
-
1.03%
Pharmaceuticals & Biotechnology
-
-
1.64%
-
Pharmaceuticals
-
-
-
0.94%
Biotechnology
-
-
-
0.70%
Non-Classified
4.08%
-
-
-
Non-Classified
-
0.78%
-
-
Non-Classified
-
-
0.78%
-
Non-Classified
-
-
-
0.78%
Energy
3.93%
-
-
-
Energy
-
3.93%
-
-
Non-Renewable Energy
-
-
3.93%
-
Integrated Oil & Gas
-
-
-
1.99%
Oil: Crude Producers
-
-
-
1.22%
Oil Refining and Marketing
-
-
-
0.71%
Alternative Trading Strategies
3.81%
-
-
-
Alternative Trading Strategies
-
3.81%
-
-
Alternative Trading Strategies
-
-
3.81%
-
Alternative Trading Strategies
-
-
-
3.81%
Commodities
3.35%
-
-
-
Commodities
-
3.35%
-
-
Commodities
-
-
3.35%
-
Commodities
-
-
-
3.35%
Consumer Staples
2.91%
-
-
-
Food, Beverage & Tobacco
-
2.18%
-
-
Beverages
-
-
1.20%
-
Brewers
-
-
-
1.20%
Tobacco
-
-
0.99%
-
Tobacco
-
-
-
0.99%
Personal Care, Drug & Grocery Stores
-
0.73%
-
-
Personal Care, Drug & Grocery Stores
-
-
0.73%
-
Nondurable Household Products
-
-
-
0.73%
Technology
2.40%
-
-
-
Technology
-
2.40%
-
-
Technology Hardware & Equipment
-
-
2.40%
-
Semiconductors
-
-
-
1.07%
Computer Hardware
-
-
-
0.73%
Production Technology Equipment
-
-
-
0.60%
Utilities
2.17%
-
-
-
Utilities
-
2.17%
-
-
Electricity
-
-
1.69%
-
Alternative Electricity
-
-
-
0.95%
Conventional Electricity
-
-
-
0.74%
Gas, Water & Multi-utilities
-
-
0.48%
-
Multi-Utilities
-
-
-
0.48%
Basic Materials
1.90%
-
-
-
Basic Resources
-
1.32%
-
-
Industrial Metals & Mining
-
-
0.79%
-
General Mining
-
-
-
0.79%
Industrial Materials
-
-
0.53%
-
Paper
-
-
-
0.53%
Chemicals
-
0.58%
-
-
Chemicals
-
-
0.58%
-
Chemicals: Diversified
-
-
-
0.58%
Real Estate
1.59%
-
-
-
Real Estate
-
1.59%
-
-
Real Estate Investment Trusts
-
-
1.59%
-
Office REITs
-
-
-
0.85%
Diversified REITs
-
-
-
0.74%
Telecommunications
0.51%
-
-
-
Telecommunications
-
0.51%
-
-
Telecommunications Equipment
-
-
0.51%
-
Telecommunications Equipment
-
-
-
0.51%
Regional Allocation
Non-Classified
24.82%
North America
22.37%
UK
20.21%
Developed Europe - Excl UK
10.91%
Australia & New Zealand
5.52%
Emerging Asia
5.47%
South & Central America
4.08%
Commodities
3.35%
Japan
1.54%
Other Regions
1.72%
Fixed Interest Currencies
Non-Fixed Interest Assets
74.87%
Pound Sterling
8.54%
US Dollar
6.78%
New Zealand Dollar
2.89%
Euro
2.21%
Brazilian Real
1.58%
Other Currencies
3.13%
Regional Breakdown
Expand allCollapse all
Region
Country
Non-Classified
24.82%
-
North America
22.37%
-
United States
-
20.96%
Canada
-
1.40%
UK
20.21%
-
United Kingdom
-
19.18%
Jersey
-
0.53%
Guernsey
-
0.49%
Developed Europe - Excl UK
10.91%
-
Ireland
-
4.08%
Germany
-
1.88%
Switzerland
-
1.22%
Netherlands
-
0.95%
France
-
0.94%
Spain
-
0.86%
Denmark
-
0.60%
Italy
-
0.38%
Australia & New Zealand
5.52%
-
New Zealand
-
2.89%
Australia
-
2.63%
Emerging Asia
5.47%
-
China
-
2.12%
India
-
1.45%
Taiwan
-
0.88%
South Korea
-
0.86%
Indonesia
-
0.17%
South & Central America
4.08%
-
Brazil
-
2.24%
Mexico
-
1.39%
Colombia
-
0.45%
Commodities
3.35%
-
Japan
1.54%
-
Japan
-
1.54%
Developed Asia
0.98%
-
Hong Kong
-
0.93%
Singapore
-
0.05%
Property
0.74%
-
Breakdown By Market Cap (%)
Mega
17.98%
Large
7.16%
Medium
7.19%
Small
6.07%
Micro
2.49%
Non-Classified
33.97%
Bonds
25.13%
Fixed Interest Maturity Profile
< 5Yr Maturity
10.38%
5Yr - 10Yr Maturity
2.48%
10Yr - 15Yr Maturity
3.35%
> 15Yr Maturity
8.92%
Unknown Maturity
6.74%
Other Asset Types
68.13%
Fixed Interest Quality Profile
AAA
7.55%
AA
5.10%
A
0.06%
BBB
3.08%
Sub-Investment Grade
2.66%
Unknown Quality
6.68%
Other Asset Types
74.87%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
3½% Treasury Gilt 2045
2.60%
Bonds
United Kingdom
2
4¼% Treasury Gilt 2027
2.50%
Bonds
United Kingdom
3
USA Treasury Bonds 2.875% 15/05/2043 USD100
2.46%
Bonds
United States
4
Brazil (Fed Rep of) 0% LTN 01/01/2030 BRL1000
1.58%
Bonds
Brazil
5
Gravis Capital Management Ltd GCP Infrastructure Investments Ltd Ord GBP0.01
1.32%
Non-Classified
Non-Classified
6
New Zealand Government 2.75% Bds 15/04/2037 NZD
1.27%
Bonds
New Zealand
7
Australia (Commonwealth) 3.75% Bds 21/04/2037 AUD1000
1.23%
Bonds
Australia
8
MOLSON COORS BEVERAGE COMPANY
1.20%
Beverages
United States
9
SHELL
1.10%
Non-Renewable Energy
United Kingdom
10
TENCENT MUSIC ENTERTAINMENT GROUP
1.09%
Media
United States
Important Information
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
B81C839
Mex Code
RSSETW
Isin Code
GB00B81C8395
Citi Code
GPQQ
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.71%
Aims and Benchmark
Aims
The objective of the Sub-Fund is to achieve long-term capital growth in excess of cash (1 Month GBP LIBOR) +3% p.a. over 5 years before fees, from a balanced portfolio diversified across a range of assets. A positive return is not guaranteed and a capital loss may occur.
Benchmark
LIBOR GBP 1 Month
Benchmark Category
-
IA Sector
Targeted Absolute Return
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
ICVC
Launch price
£1.28
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Biannually
Distribution Type
Dividend
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
02 January
28 February
03 July
31 August
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
The National Westminster Bank plc
Fund Administrator
Bank of New York Mellon (International) Limited
Fund Registrar
BNY Mellon Fund Managers Limited
Fund Custodian
The National Westminster Bank plc
Group Details
Group name
BNY Mellon Fund Management (Luxembourg) S.A.
Group address
BNY Mellon Asset Management International Limited
The Bank of New York Mellon Centre
160 Queen Victoria Street
London
EC4V 4LA
United Kingdom
Group telephone
0500 66 00 00
Dealing telephone
-
Email
-
Homepage
www.bnymellonam.com
Fax number
-
Dealing
Minimum Investment
£10000000
Minimum Top Up
£0
Minimum Regular Saving
-
Settlement Period: Buy
3 days
Settlement Period: Sell
3 days
Pricing Basis
Forward
Dealing Decimals
4
Important Information
Ongoing charges 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.