WS Prudential Risk Managed Passive 2 Class P Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
30/11/24 to 30/11/25 |
|
|---|---|---|---|---|---|
| Fund | 3.1% | -9.2% | 2.8% | 10.0% | 8.4% |
| Benchmark | 7.9% | -7.5% | 1.9% | 11.3% | 8.6% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/25 |
5 Years to 30/11/25 |
10 Years to 30/11/25 |
||
| Fund | 7.0% | 2.8% | 4.6% | |
| Benchmark | 7.2% | 4.2% | 4.5% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| US 10YR NOTE (CBT)MAR26 | 4.29 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.87 |
| M&G EUROPEAN PROPERTY | 0.56 |
| L&G FREEHOLD PROPERTY | 0.52 |
| ASTRAZENECA | 0.50 |
| HSBC HOLDINGS | 0.49 |
| E-Mini Russ 2000 Dec25 | 0.47 |
| SHELL | 0.45 |
| NASDAQ 100 E-MINI DEC25 | 0.32 |
| UNILEVER | 0.30 |
| Total | 8.76 |
Fund Aims
The Sub-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 10%. 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 10%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.
Fund Manager
The M&G Life Investment Office (LIO) is our team of in-house investment strategists and ‘manager of managers’ for Pru in the UK. They are independent of the various underlying asset management businesses within M&G plc and carry out various stages of the investment process including setting the strategic asset allocation, manager selection and oversight and portfolio management*. The team includes investment professionals with expertise in capital market research, investment strategy design, liability management, derivatives and portfolio management*. *M&G Investment Management Ltd are the investment managers for the WS Prudential Risk Managed Active and Risk Managed Passive Funds. They make the relevant adjustments to the portfolios based on LIO recommendations.
Fund Overview
| Mid (17/12/2025) | 157.07p |
| Historic yield | 1.58% |
| Fund size (30/11/2025) | £242.66m |
| Number of holdings | 21060 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.30% |
| Launch date | 09/09/2015 |
Asset Allocation
| International Bonds | 34.78% | |
| International Equities | 19.38% | |
| UK Corporate Bonds | 9.96% | |
| UK Equities | 6.92% | |
| Alternative Trading Strategies | 4.45% | |
| Cash and Equivalents | 3.57% | |
| Property | 1.07% | |
| UK Gilts | 0.36% | |
| Investment Trusts | 0.35% | |
| Other Assets | 19.16% |
Commentary
November 2025 Investment Summary
A negative month for the Passive range with returns ranging from -0.06% for Passive 1 to -0.57% for Passive 5.
*P Acc share class with data sourced from FE analytics as at 30 November 2025.
November 2025 was a turbulent month for both markets and the portfolios, in absolute terms.
Major equity markets experienced volatility, following a significant tech sell-off seen intra month, fuelled by concerns over AI valuations and spending plans. A late month rally saw markets recover some of their losses, due to rising expectations of a US Federal Reserve rate cut. Emerging market equities saw mixed returns but were led by solid performance in Latin America, specifically in Brazil and Mexico that have traded at attractive valuations and demonstrated political and economic stability. Japanese stock performance continued to make gains, despite speculation of increased interest rates contrary to market expectations and slowing tech sector momentum dampening sentiment. The FTSE 100 returned +0.4% in total return terms, while the Stoxx 600 gained +1.0%, despite broadly weaker sector performance, top contributors were Energy, Financial Services and Basic Materials. The S&P 500 edged up +0.2% but Nasdaq fell -1.4%, with simmering worries over inflated tech stock valuations. At a sector level, Energy, Utilities and Basic Materials were the primary contributors, while Technology, Communication Services and Industrials saw larger declines.
From a trade tariffs perspective, the US lifted 40% import duties on certain Brazilian agricultural products, including coffee, beef and fruits in the administration’s attempt to bring down domestic food prices. Talks continued between the EU and US at a meeting in Brussels whereby the US commerce secretary called for a “balanced approach” where the EU must loosen tech regulations if it wants the US to lower tariffs on its steel and aluminium. Meanwhile the US and UK agreed to a zero-tariff deal on pharmaceutical and medical products for at least the next three years. The UK is the only country to have secured a 0% rate with the US, but will see the UK agree to increase the price the NHS pays for new, innovative medicines.
UK Chancellor Rachel Reeves delivered her second budget, reiterating her commitment to financial discipline and setting the tone for the remainder of the current parliament. While the Office for Budget Responsibility (OBR) upgraded growth expectations for 2025 to 1.5%, growth forecasts for 2026 onward were downgraded, with the UK’s net financial debt set to reach 2.6 trillion this year. Across the pond, the Federal Reserve is expected to cut interest rates for the third time this year in December, to 3.50-3.75%. Dovish comments from Federal officials and accumulating evidence of a cooling labour market has futures pricing an 80+% probability of a cut next month.
Investors remain reactive to a mix of economic and geopolitical signals, generating volatility around key data points and announcements, while questions are beginning to be asked of Tech valuations and Private Credit stability. As inflation trends diverge and labour markets evolve, central banks may take increasingly different paths – raising the potential for greater dispersion across asset classes and regions in the period ahead.
WS Prudential Risk Managed Active - Tactical asset allocation activity
The Fund Managers increased their equity overweight to +2.25%, made up of a basket of US (including a position in the Nasdaq, which is the position they have added to this week), Asia, Europe and GEM. We hold overweight positions in US Treasuries and UK Gilts with underweights in US and European Corporate bonds.
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.
Asset Allocation
| International Bonds | 34.78% | |
| International Equities | 19.38% | |
| UK Corporate Bonds | 9.96% | |
| UK Equities | 6.92% | |
| Alternative Trading Strategies | 4.45% | |
| Cash and Equivalents | 3.57% | |
| Property | 1.07% | |
| UK Gilts | 0.36% | |
| Investment Trusts | 0.35% | |
| Other Assets | 19.16% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 45.10% | - | - | - | |
| Non-Classified | 19.23% | - | - | - | |
| Non-Classified | - | 6.92% | - | - | |
| Non-Classified | - | - | 6.92% | - | |
| Non-Classified | - | - | - | 6.92% | |
| Financials | 5.63% | - | - | - | |
| Banks | - | 3.23% | - | - | |
| Banks | - | - | 3.23% | - | |
| Banks | - | - | - | 3.23% | |
| Financial Services | - | 1.46% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.86% | - | |
| Asset Managers & Custodians | - | - | - | 0.37% | |
| Investment Services | - | - | - | 0.32% | |
| Diversified Financial Services | - | - | - | 0.17% | |
| Equity Investment Instruments | - | - | 0.35% | - | |
| Equity Investment Instruments | - | - | - | 0.35% | |
| Finance & Credit Services | - | - | 0.25% | - | |
| Financial Data & Systems | - | - | - | 0.16% | |
| Consumer Lending | - | - | - | 0.08% | |
| Mortgage Finance | - | - | - | 0.02% | |
| Insurance | - | 0.93% | - | - | |
| Life Insurance | - | - | 0.49% | - | |
| Life Insurance | - | - | - | 0.49% | |
| Non-life Insurance | - | - | 0.44% | - | |
| Full Line Insurance | - | - | - | 0.19% | |
| Property & Casualty Insurance | - | - | - | 0.17% | |
| Reinsurance | - | - | - | 0.06% | |
| Insurance Brokers | - | - | - | 0.02% | |
| Technology | 4.49% | - | - | - | |
| Technology | - | 4.49% | - | - | |
| Technology Hardware & Equipment | - | - | 2.69% | - | |
| Semiconductors | - | - | - | 1.72% | |
| Computer Hardware | - | - | - | 0.41% | |
| Production Technology Equipment | - | - | - | 0.30% | |
| Electronic Components | - | - | - | 0.24% | |
| Electronic Office Equipment | - | - | - | 0.02% | |
| Software & Computer Services | - | - | 1.80% | - | |
| Consumer Digital Services | - | - | - | 0.79% | |
| Software | - | - | - | 0.60% | |
| Computer Services | - | - | - | 0.40% | |
| Alternative Trading Strategies | 4.45% | - | - | - | |
| Alternative Trading Strategies | - | 4.45% | - | - | |
| Alternative Trading Strategies | - | - | 4.45% | - | |
| Alternative Trading Strategies | - | - | - | 4.45% | |
| Industrials | 3.79% | - | - | - | |
| Industrial Goods & Services | - | 3.39% | - | - | |
| Aerospace & Defence | - | - | 0.80% | - | |
| Aerospace | - | - | - | 0.52% | |
| Defense | - | - | - | 0.29% | |
| Industrial Transportation | - | - | 0.70% | - | |
| Railroads | - | - | - | 0.28% | |
| Transportation Services | - | - | - | 0.14% | |
| Marine Transportation | - | - | - | 0.11% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.07% | |
| Delivery Services | - | - | - | 0.05% | |
| Commercial Vehicles & Parts | - | - | - | 0.03% | |
| Railroad Equipment | - | - | - | 0.02% | |
| Trucking | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 0.56% | - | |
| Electrical Components | - | - | - | 0.35% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.13% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.07% | |
| Electronic Equipment: Other | - | - | - | 0.01% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 0.53% | - | |
| Professional Business Support Services | - | - | - | 0.22% | |
| Transaction Processing Services | - | - | - | 0.13% | |
| Industrial Suppliers | - | - | - | 0.11% | |
| Business Training & Employment Agencies | - | - | - | 0.05% | |
| Security Services | - | - | - | 0.02% | |
| Forms & Bulk Printing Services | - | - | - | 0.00% | |
| General Industrials | - | - | 0.42% | - | |
| Diversified Industrials | - | - | - | 0.35% | |
| Containers & Packaging | - | - | - | 0.03% | |
| Plastics | - | - | - | 0.02% | |
| Paints & Coatings | - | - | - | 0.01% | |
| Glass | - | - | - | 0.01% | |
| Industrial Engineering | - | - | 0.37% | - | |
| Machinery: Industrial | - | - | - | 0.19% | |
| Machinery: Construction & Handling | - | - | - | 0.10% | |
| Machinery: Tools | - | - | - | 0.03% | |
| Machinery: Engines | - | - | - | 0.02% | |
| Machinery: Specialty | - | - | - | 0.02% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Construction & Materials | - | 0.39% | - | - | |
| Construction & Materials | - | - | 0.39% | - | |
| Construction | - | - | - | 0.10% | |
| Building Materials: Other | - | - | - | 0.09% | |
| Cement | - | - | - | 0.08% | |
| Engineering & Contracting Services | - | - | - | 0.07% | |
| Building: Climate Control | - | - | - | 0.05% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.01% | |
| Cash and Equivalents | 3.67% | - | - | - | |
| Consumer Discretionary | 2.67% | - | - | - | |
| Consumer Products & Services | - | 0.79% | - | - | |
| Personal Goods | - | - | 0.30% | - | |
| Clothing & Accessories | - | - | - | 0.16% | |
| Luxury Items | - | - | - | 0.07% | |
| Cosmetics | - | - | - | 0.04% | |
| Footwear | - | - | - | 0.04% | |
| Leisure Goods | - | - | 0.22% | - | |
| Electronic Entertainment | - | - | - | 0.08% | |
| Consumer Electronics | - | - | - | 0.08% | |
| Toys | - | - | - | 0.03% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Recreational Products | - | - | - | 0.01% | |
| Photography | - | - | - | 0.01% | |
| Consumer Services | - | - | 0.16% | - | |
| Vending & Catering Service | - | - | - | 0.12% | |
| Consumer Services: Misc. | - | - | - | 0.04% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Education Services | - | - | - | 0.00% | |
| Household Goods & Home Construction | - | - | 0.12% | - | |
| Home Construction | - | - | - | 0.08% | |
| Household Appliance | - | - | - | 0.03% | |
| Household Furnishings | - | - | - | 0.00% | |
| Household Equipment & Products | - | - | - | 0.00% | |
| Retail | - | 0.78% | - | - | |
| Retailers | - | - | 0.78% | - | |
| Diversified Retailers | - | - | - | 0.54% | |
| Apparel Retailers | - | - | - | 0.10% | |
| Specialty Retailers | - | - | - | 0.08% | |
| Home Improvement Retailers | - | - | - | 0.07% | |
| Automobiles & Parts | - | 0.49% | - | - | |
| Automobiles & Parts | - | - | 0.49% | - | |
| Automobiles | - | - | - | 0.37% | |
| Auto Parts | - | - | - | 0.10% | |
| Tires | - | - | - | 0.02% | |
| Auto Services | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.41% | - | - | |
| Travel & Leisure | - | - | 0.41% | - | |
| Hotels & Motels | - | - | - | 0.10% | |
| Airlines | - | - | - | 0.09% | |
| Restaurants & Bars | - | - | - | 0.07% | |
| Travel & Tourism | - | - | - | 0.07% | |
| Casinos & Gambling | - | - | - | 0.07% | |
| Recreational Services | - | - | - | 0.01% | |
| Media | - | 0.19% | - | - | |
| Media | - | - | 0.19% | - | |
| Entertainment | - | - | - | 0.07% | |
| Media Agencies | - | - | - | 0.06% | |
| Radio & TV Broadcasters | - | - | - | 0.03% | |
| Publishing | - | - | - | 0.02% | |
| Health Care | 2.05% | - | - | - | |
| Health Care | - | 2.05% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.60% | - | |
| Pharmaceuticals | - | - | - | 1.41% | |
| Biotechnology | - | - | - | 0.18% | |
| Medical Equipment & Services | - | - | 0.32% | - | |
| Medical Equipment | - | - | - | 0.20% | |
| Medical Supplies | - | - | - | 0.10% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.14% | - | |
| Health Care Facilities | - | - | - | 0.07% | |
| Health Care Management Services | - | - | - | 0.05% | |
| Health Care Services | - | - | - | 0.02% | |
| Consumer Staples | 1.87% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.04% | - | - | |
| Beverages | - | - | 0.41% | - | |
| Distillers & Vintners | - | - | - | 0.16% | |
| Soft Drinks | - | - | - | 0.15% | |
| Brewers | - | - | - | 0.09% | |
| Tobacco | - | - | 0.32% | - | |
| Tobacco | - | - | - | 0.32% | |
| Food Producers | - | - | 0.31% | - | |
| Food Products | - | - | - | 0.28% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.02% | |
| Fruit & Grain Processing | - | - | - | 0.01% | |
| Sugar | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 0.83% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.83% | - | |
| Personal Products | - | - | - | 0.37% | |
| Food Retailers & Wholesalers | - | - | - | 0.31% | |
| Nondurable Household Products | - | - | - | 0.11% | |
| Drug Retailers | - | - | - | 0.04% | |
| Utilities | 1.46% | - | - | - | |
| Utilities | - | 1.46% | - | - | |
| Electricity | - | - | 0.84% | - | |
| Conventional Electricity | - | - | - | 0.80% | |
| Alternative Electricity | - | - | - | 0.04% | |
| Gas, Water & Multi-utilities | - | - | 0.60% | - | |
| Multi-Utilities | - | - | - | 0.42% | |
| Water | - | - | - | 0.10% | |
| Gas Distribution | - | - | - | 0.09% | |
| Waste & Disposal Services | - | - | 0.02% | - | |
| Waste & Disposal Services | - | - | - | 0.02% | |
| Energy | 1.45% | - | - | - | |
| Energy | - | 1.45% | - | - | |
| Non-Renewable Energy | - | - | 1.39% | - | |
| Integrated Oil & Gas | - | - | - | 0.81% | |
| Pipelines | - | - | - | 0.25% | |
| Oil Refining and Marketing | - | - | - | 0.14% | |
| Oil: Crude Producers | - | - | - | 0.10% | |
| Coal | - | - | - | 0.05% | |
| Oil Equipment & Services | - | - | - | 0.04% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.06% | - | |
| Renewable Energy Equipment | - | - | - | 0.05% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Basic Materials | 1.42% | - | - | - | |
| Basic Resources | - | 1.12% | - | - | |
| Industrial Metals & Mining | - | - | 0.75% | - | |
| General Mining | - | - | - | 0.56% | |
| Iron & Steel | - | - | - | 0.10% | |
| Copper | - | - | - | 0.04% | |
| Nonferrous Metals | - | - | - | 0.02% | |
| Metal Fabricating | - | - | - | 0.02% | |
| Aluminum | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.35% | - | |
| Gold Mining | - | - | - | 0.29% | |
| Platinum & Precious Metals | - | - | - | 0.05% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.03% | - | |
| Paper | - | - | - | 0.02% | |
| Diversified Materials | - | - | - | 0.00% | |
| Forestry | - | - | - | 0.00% | |
| Textile Products | - | - | - | 0.00% | |
| Chemicals | - | 0.30% | - | - | |
| Chemicals | - | - | 0.30% | - | |
| Chemicals: Diversified | - | - | - | 0.17% | |
| Specialty Chemicals | - | - | - | 0.10% | |
| Fertilizers | - | - | - | 0.01% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.01% | |
| Real Estate | 1.21% | - | - | - | |
| Real Estate | - | 1.21% | - | - | |
| Real Estate Investment Trusts | - | - | 0.71% | - | |
| Retail REITs | - | - | - | 0.15% | |
| Industrial REITs | - | - | - | 0.13% | |
| Diversified REITs | - | - | - | 0.09% | |
| Infrastructure REITs | - | - | - | 0.07% | |
| Residential REITs | - | - | - | 0.06% | |
| Health Care REITs | - | - | - | 0.06% | |
| Other Specialty REITs | - | - | - | 0.06% | |
| Office REITs | - | - | - | 0.06% | |
| Storage REITs | - | - | - | 0.02% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Timber REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.50% | - | |
| Real Estate Holding and Development | - | - | - | 0.44% | |
| Real Estate Services | - | - | - | 0.06% | |
| Telecommunications | 0.99% | - | - | - | |
| Telecommunications | - | 0.99% | - | - | |
| Telecommunications Service Providers | - | - | 0.58% | - | |
| Telecommunications Services | - | - | - | 0.57% | |
| Cable Television Services | - | - | - | 0.01% | |
| Telecommunications Equipment | - | - | 0.41% | - | |
| Telecommunications Equipment | - | - | - | 0.41% | |
| Property | 0.52% | - | - | - | |
| Property | - | 0.52% | - | - | |
| Property | - | - | 0.52% | - | |
| Property | - | - | - | 0.52% | |
Regional Allocation
| North America | 20.03% | |
| Non-Classified | 24.40% | |
| UK | 17.24% | |
| Developed Europe - Excl UK | 12.87% | |
| Emerging Asia | 10.59% | |
| Cash and Equivalents | 3.67% | |
| Japan | 2.77% | |
| Middle East & Africa | 1.92% | |
| Developed Asia | 1.71% | |
| Other Regions | 4.81% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 51.61% | |
| Pound Sterling | 23.43% | |
| US Dollar | 15.77% | |
| Cash | 3.29% | |
| Euro | 0.69% | |
| Malaysian Ringgit | 0.66% | |
| Other Currencies | 4.54% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 20.03% | - | |
United States
|
- | 18.36% | |
Canada
|
- | 1.66% | |
Bermuda
|
- | 0.00% | |
| Non-Classified | 24.40% | - | |
| UK | 17.24% | - | |
United Kingdom
|
- | 17.24% | |
Jersey
|
- | 0.01% | |
| Developed Europe - Excl UK | 12.87% | - | |
France
|
- | 2.99% | |
Germany
|
- | 2.18% | |
Netherlands
|
- | 1.78% | |
Luxembourg
|
- | 1.56% | |
Switzerland
|
- | 1.00% | |
Spain
|
- | 0.67% | |
Sweden
|
- | 0.50% | |
Italy
|
- | 0.50% | |
Ireland
|
- | 0.49% | |
Denmark
|
- | 0.36% | |
Finland
|
- | 0.30% | |
Norway
|
- | 0.22% | |
Belgium
|
- | 0.18% | |
Austria
|
- | 0.13% | |
Portugal
|
- | 0.01% | |
Iceland
|
- | 0.00% | |
| Emerging Asia | 10.59% | - | |
India
|
- | 1.92% | |
China
|
- | 1.86% | |
South Korea
|
- | 1.72% | |
Taiwan
|
- | 1.60% | |
Indonesia
|
- | 0.92% | |
Philippines
|
- | 0.88% | |
Malaysia
|
- | 0.83% | |
Thailand
|
- | 0.56% | |
Uzbekistan
|
- | 0.08% | |
Tajikistan
|
- | 0.04% | |
Kazakhstan
|
- | 0.04% | |
Papua New Guinea
|
- | 0.03% | |
Georgia
|
- | 0.02% | |
Azerbaijan
|
- | 0.02% | |
Sri Lanka
|
- | 0.02% | |
Pakistan
|
- | 0.01% | |
Kyrgyzstan
|
- | 0.01% | |
Viet Nam
|
- | 0.01% | |
Armenia
|
- | 0.01% | |
Mongolia
|
- | 0.00% | |
Macau
|
- | 0.00% | |
| Cash and Equivalents | 3.67% | - | |
| Japan | 2.77% | - | |
Japan
|
- | 2.77% | |
| Middle East & Africa | 1.92% | - | |
South Africa
|
- | 0.88% | |
United Arab Emirates
|
- | 0.20% | |
Saudi Arabia
|
- | 0.19% | |
Cote D'Ivoire
|
- | 0.12% | |
Qatar
|
- | 0.08% | |
Israel
|
- | 0.06% | |
Nigeria
|
- | 0.05% | |
Benin
|
- | 0.04% | |
Iraq
|
- | 0.04% | |
Kuwait
|
- | 0.04% | |
Zambia
|
- | 0.03% | |
Oman
|
- | 0.03% | |
Ghana
|
- | 0.03% | |
Egypt
|
- | 0.02% | |
Kenya
|
- | 0.02% | |
Morocco
|
- | 0.02% | |
Angola
|
- | 0.01% | |
Rwanda
|
- | 0.01% | |
Togo
|
- | 0.01% | |
Gabon
|
- | 0.01% | |
Mozambique
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Jordan
|
- | 0.01% | |
Senegal
|
- | 0.00% | |
Tunisia
|
- | 0.00% | |
Ethiopia
|
- | 0.00% | |
Lebanon
|
- | 0.00% | |
| Developed Asia | 1.71% | - | |
Hong Kong
|
- | 0.98% | |
Singapore
|
- | 0.73% | |
| South & Central America | 1.68% | - | |
Mexico
|
- | 0.55% | |
Brazil
|
- | 0.20% | |
Peru
|
- | 0.17% | |
Colombia
|
- | 0.14% | |
Venezuela
|
- | 0.12% | |
Chile
|
- | 0.10% | |
Argentina
|
- | 0.08% | |
Suriname
|
- | 0.07% | |
Uruguay
|
- | 0.05% | |
Paraguay
|
- | 0.04% | |
Dominican Republic
|
- | 0.04% | |
Honduras
|
- | 0.04% | |
Ecuador
|
- | 0.02% | |
Guatemala
|
- | 0.01% | |
Barbados
|
- | 0.01% | |
El Salvador
|
- | 0.01% | |
Jamaica
|
- | 0.01% | |
Trinidad and Tobago
|
- | 0.01% | |
Costa Rica
|
- | 0.01% | |
Virgin Islands (British)
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
| Australia & New Zealand | 1.36% | - | |
Australia
|
- | 1.31% | |
New Zealand
|
- | 0.05% | |
| Property | 1.04% | - | |
| Emerging Europe | 0.73% | - | |
Romania
|
- | 0.18% | |
Poland
|
- | 0.15% | |
Turkey
|
- | 0.14% | |
Hungary
|
- | 0.10% | |
Czech Republic
|
- | 0.06% | |
Greece
|
- | 0.03% | |
Serbia
|
- | 0.03% | |
Bulgaria
|
- | 0.02% | |
Ukraine
|
- | 0.01% | |
Montenegro
|
- | 0.00% | |
Lithuania
|
- | 0.00% | |
Albania
|
- | 0.00% | |
Slovenia
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
14.42% |
| Large |
|
6.13% |
| Medium |
|
2.92% |
| Small |
|
0.63% |
| Micro |
|
0.07% |
| Non-Classified |
|
27.05% |
| Bonds |
|
45.10% |
| Cash |
|
3.67% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
19.70% |
| 5Yr - 10Yr Maturity |
|
12.20% |
| 10Yr - 15Yr Maturity |
|
4.44% |
| > 15Yr Maturity |
|
8.76% |
| Cash And Equivalents |
|
3.67% |
| Unknown Maturity |
|
12.17% |
| Other Asset Types |
|
39.06% |
Fixed Interest Quality Profile
| AAA |
|
5.52% |
| AA |
|
4.40% |
| A |
|
10.66% |
| BBB |
|
12.54% |
| Sub-Investment Grade |
|
1.48% |
| Unknown Quality |
|
10.51% |
| Cash and Equivalents |
|
3.67% |
| Other Asset Types |
|
51.23% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BlackRock iShares Corporate Bond Index Class X | 22.73% | Managed Funds | Managed Funds |
| 2 | BlackRock (Dublin) iShares US Corporate Bond Index Flexible | 11.56% | Managed Funds | Managed Funds |
| 3 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 10.20% | Managed Funds | Managed Funds |
| 4 | BlackRock iShares UK Equity Index Class X | 7.29% | Managed Funds | Managed Funds |
| 5 | BlackRock (Dublin) iShares ESG Screened Euro Corporate Bond Index Class Flexible Hedged | 6.85% | Managed Funds | Managed Funds |
| 6 | US 10YR NOTE (CBT)MAR26 | 4.29% | Non-Classified | Non-Classified |
| 7 | BlackRock iShares Pacific ex Japan Equity Index Class X | 3.94% | Managed Funds | Managed Funds |
| 8 | M&G (Lux) Asian Local Currency Bond Class ZI | 3.72% | Managed Funds | Managed Funds |
| 9 | BlackRock iShares US Equity Index Class X | 3.48% | Managed Funds | Managed Funds |
| 10 | Legal & General European Index Trust C | 3.45% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | US 10YR NOTE (CBT)MAR26 | 4.29% | Non-Classified | Non-Classified |
| 2 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.87% | Technology Hardware & Equipment | Taiwan |
| 3 | M&G EUROPEAN PROPERTY | 0.56% | Non-Classified | Non-Classified |
| 4 | L&G FREEHOLD PROPERTY | 0.52% | Property | Direct Property and REITs |
| 5 | ASTRAZENECA | 0.50% | Pharmaceuticals & Biotechnology | United Kingdom |
| 6 | HSBC HOLDINGS | 0.49% | Banks | United Kingdom |
| 7 | E-Mini Russ 2000 Dec25 | 0.47% | Non-Classified | Non-Classified |
| 8 | SHELL | 0.45% | Non-Renewable Energy | United Kingdom |
| 9 | NASDAQ 100 E-MINI DEC25 | 0.32% | Non-Classified | Non-Classified |
| 10 | UNILEVER | 0.30% | Personal Care, Drug & Grocery Stores | United Kingdom |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
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.
Identification Codes
| Sedol Code | BVYTZX7 |
| Mex Code | - |
| Isin Code | GB00BVYTZX71 |
| Citi Code | MELS |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.30% |
Aims and Benchmark
| Aims | The Sub-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 10%. 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 10%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target. |
| Benchmark | IA Mixed Investment 20-60% shares |
| Benchmark Category | Comparator |
| IA Sector | Volatility Managed |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 November | 31 December |
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 | Bank of New York Mellon (International) Limited |
| Fund Administrator | Waystone |
| Fund Registrar | Waystone |
| Fund Custodian | Bank of New York Mellon (International) Limited |
Group Details
| Group name | Waystone Management (UK) Limited |
| Group address | PO Box 389, DARLINGTON, DL1 9UF |
| Group telephone | 0345 9220044 |
| Dealing telephone | 0344 3358936 |
| wtas-investorservices@waystone.com | |
| Homepage | www.waystone.com |
| Fax number | 0113 2246001 |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £25000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 2 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
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.
Important Information
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.
"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.