WS Prudential Risk Managed Passive 3 Class A Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -5.8% | 20.3% | 1.3% | -4.2% | 7.6% |
| Benchmark | -7.2% | 19.8% | 2.7% | -4.8% | 7.7% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 1.5% | 3.4% | 4.1% | |
| Benchmark | 1.7% | 3.2% | 3.8% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| USD/GBP GBP | 1.75 |
| iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 1.02 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.86 |
| SHELL | 0.76 |
| L&G FREEHOLD PROPERTY | 0.75 |
| EUR/GBP GBP | 0.74 |
| ASTRAZENECA | 0.73 |
| HSBC HOLDINGS | 0.57 |
| UNILEVER | 0.45 |
| BP | 0.36 |
| Total | 8.00 |
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 12%. 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 12%. 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
Phil Butler, CFA, is Portfolio Manager at M&G, part of the Treasury and Investment Office (T&IO formerly PPMG). The Investment Office is the fiduciary manager of Prudential UK&E Assets managing the retail saving solutions, legacy annuity products, with-profits policies and unit-linked solutions of Prudential UK&E. Phil is the lead portfolio manager of the WS Prudential Risk Managed Active and Passive fund ranges, the recently launched PruFund Planet range, as well as the Groups Unit Linked business; managing over £7bn in assets. Phil provides cover on a wider £100bn+ of multi-asset funds, including RM PruFund.
Phil joined the Investment Office in late 2011 to become a member of the Multi-Asset Portfolio Management Team and specialised in the management of the unitised multi-asset funds. Prior to this, Phil was part of M&Gs Investment graduate scheme rotating through various specialist investment teams in different asset classes across the company. Before M&G, he spent 13 months at the Bank of England as a research assistant whilst completing his Banking and International Finance BSc at Cass Business School. Phil is governed by M&G Investment Management under the FCA’s Certification Regime and is a CFA charterholder.
Fund Overview
| Mid (12/04/2024) | 151.39p |
| Historic yield | 1.56% |
| Fund size (31/03/2024) | £530.81m |
| Number of holdings | 17655 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.54% |
| Launch date | 16/02/2007 |
Asset Allocation
| International Bonds | 33.52% | |
| International Equities | 23.02% | |
| UK Equities | 9.93% | |
| Alternative Trading Strategies | 7.63% | |
| UK Corporate Bonds | 7.13% | |
| Money Market | 6.77% | |
| Property | 2.68% | |
| Investment Trusts | 0.59% | |
| Cash and Equivalents | 0.32% | |
| Other Assets | 8.42% |
Commentary
March 2024 Investment Summary
A positive month for the Passive range with returns ranging from +1.83% for Passive 1 to +2.44% for Passive 5.
*P Acc share class with data sourced from FE analytics as at 28 March 2024.
March 2024 was a positive month for portfolios generally.
Most major equity markets continued to rise in March as global stock markets recorded their best first-quarter performance in five years, led by the growing optimism for a global ‘soft landing’ and enthusiasm about artificial intelligence. Energy and Basic Materials led the sector-wise performance while Real Estate and Technology lagged.
Government bond prices were lower as the ten-year Treasury yield edged up to 4.20% from 4.25% over the month. Strong economic data has whittled away hopes for imminent interest rate cuts, as investors continue to revise lower their expectations on the number of cuts from the Fed in 2024.
The US labour market continued its strong start to 2024 as government data surpassed expectations to show payrolls increased by 303,000 in March, demonstrating the strength of the US labour market despite high interest rates. US consumer confidence remained stable in March, although households are still concerned on the impact of inflation, particularly around food and gas prices and the domestic political environment. Unemployment data cooled slightly to 3.8% surprising market expectations for it to remain at 3.9%. *
Conflict in the Middle East continues and has escalated further following suspected Israeli air strikes, raising fears of a wider conflict in the region. Shipping companies continue to divert vessels to avoid the possibility of attack, as Brent Crude increased to over $87/barrel from $84/barrel in March.
Central banks’ continue to keep monetary policy tight enough to drive inflation back towards the 2% target, there is growing evidence of a continued softening in prices. Central banks may be in a position to ease policy rates in the second half of 2024 but employment, activity and inflation data over the next few months will be critical to the evolution of their thinking. The US economy continues to look strong, with the prospect of a soft landing more likely.
While recent central bank meetings have suggested the next move in interest rates will be downwards, officials have been cautious to confirm when these cuts will be implemented, with a careful eye on data to ensure a sustainable route back to the inflation target.
WS Prudential Risk Managed Passive - Tactical asset allocation activity
With continued disinflation traction, setting the scene for the beginning of monetary policy loosening, alongside strong fundamentals in the US especially, the portfolio managers remain moderately overweight equities (+2.00%), with funding from European investment grade (-1.00%) and Cash (-1.00%).
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 | 33.52% | |
| International Equities | 23.02% | |
| UK Equities | 9.93% | |
| Alternative Trading Strategies | 7.63% | |
| UK Corporate Bonds | 7.13% | |
| Money Market | 6.77% | |
| Property | 2.68% | |
| Investment Trusts | 0.59% | |
| Cash and Equivalents | 0.32% | |
| Other Assets | 8.42% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 40.65% | - | - | - | |
| Non-Classified | 9.53% | - | - | - | |
| Non-Classified | - | 5.73% | - | - | |
| Non-Classified | - | - | 5.73% | - | |
| Non-Classified | - | - | - | 5.73% | |
| Alternative Trading Strategies | 7.63% | - | - | - | |
| Alternative Trading Strategies | - | 7.63% | - | - | |
| Alternative Trading Strategies | - | - | 7.63% | - | |
| Alternative Trading Strategies | - | - | - | 7.63% | |
| Cash and Equivalents | 7.08% | - | - | - | |
| Financials | 6.38% | - | - | - | |
| Banks | - | 3.30% | - | - | |
| Banks | - | - | 3.30% | - | |
| Banks | - | - | - | 3.30% | |
| Financial Services | - | 1.87% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.97% | - | |
| Asset Managers & Custodians | - | - | - | 0.43% | |
| Investment Services | - | - | - | 0.37% | |
| Diversified Financial Services | - | - | - | 0.16% | |
| Equity Investment Instruments | - | - | 0.59% | - | |
| Equity Investment Instruments | - | - | - | 0.59% | |
| Finance & Credit Services | - | - | 0.31% | - | |
| Financial Data & Systems | - | - | - | 0.23% | |
| Consumer Lending | - | - | - | 0.06% | |
| Mortgage Finance | - | - | - | 0.01% | |
| Mortgage Real Estate Investment Trusts | - | - | 0.00% | - | |
| Mortgage REITs: Residential | - | - | - | 0.00% | |
| Insurance | - | 1.21% | - | - | |
| Life Insurance | - | - | 0.66% | - | |
| Life Insurance | - | - | - | 0.66% | |
| Non-life Insurance | - | - | 0.55% | - | |
| Property & Casualty Insurance | - | - | - | 0.24% | |
| Full Line Insurance | - | - | - | 0.21% | |
| Reinsurance | - | - | - | 0.07% | |
| Insurance Brokers | - | - | - | 0.03% | |
| Industrials | 4.71% | - | - | - | |
| Industrial Goods & Services | - | 4.22% | - | - | |
| Industrial Transportation | - | - | 1.21% | - | |
| Railroads | - | - | - | 0.57% | |
| Transportation Services | - | - | - | 0.25% | |
| Marine Transportation | - | - | - | 0.13% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.12% | |
| Delivery Services | - | - | - | 0.08% | |
| Commercial Vehicles & Parts | - | - | - | 0.04% | |
| Railroad Equipment | - | - | - | 0.02% | |
| Trucking | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 0.76% | - | |
| Professional Business Support Services | - | - | - | 0.32% | |
| Industrial Suppliers | - | - | - | 0.17% | |
| Transaction Processing Services | - | - | - | 0.16% | |
| Business Training & Employment Agencies | - | - | - | 0.08% | |
| Security Services | - | - | - | 0.02% | |
| Forms & Bulk Printing Services | - | - | - | 0.01% | |
| General Industrials | - | - | 0.65% | - | |
| Diversified Industrials | - | - | - | 0.45% | |
| Containers & Packaging | - | - | - | 0.13% | |
| Paints & Coatings | - | - | - | 0.03% | |
| Plastics | - | - | - | 0.02% | |
| Glass | - | - | - | 0.02% | |
| Electronic & Electrical Equipment | - | - | 0.59% | - | |
| Electrical Components | - | - | - | 0.32% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.14% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.11% | |
| Electronic Equipment: Other | - | - | - | 0.01% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 0.56% | - | |
| Aerospace | - | - | - | 0.32% | |
| Defense | - | - | - | 0.24% | |
| Industrial Engineering | - | - | 0.45% | - | |
| Machinery: Industrial | - | - | - | 0.20% | |
| Machinery: Construction & Handling | - | - | - | 0.13% | |
| Machinery: Specialty | - | - | - | 0.04% | |
| Machinery: Tools | - | - | - | 0.04% | |
| Machinery: Agricultural | - | - | - | 0.02% | |
| Machinery: Engines | - | - | - | 0.02% | |
| Construction & Materials | - | 0.49% | - | - | |
| Construction & Materials | - | - | 0.49% | - | |
| Construction | - | - | - | 0.13% | |
| Building Materials: Other | - | - | - | 0.12% | |
| Cement | - | - | - | 0.10% | |
| Engineering & Contracting Services | - | - | - | 0.06% | |
| Building: Climate Control | - | - | - | 0.06% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.02% | |
| Technology | 4.42% | - | - | - | |
| Technology | - | 4.42% | - | - | |
| Technology Hardware & Equipment | - | - | 2.68% | - | |
| Semiconductors | - | - | - | 1.57% | |
| Computer Hardware | - | - | - | 0.45% | |
| Production Technology Equipment | - | - | - | 0.35% | |
| Electronic Components | - | - | - | 0.26% | |
| Electronic Office Equipment | - | - | - | 0.04% | |
| Software & Computer Services | - | - | 1.74% | - | |
| Consumer Digital Services | - | - | - | 0.78% | |
| Software | - | - | - | 0.72% | |
| Computer Services | - | - | - | 0.25% | |
| Consumer Discretionary | 4.07% | - | - | - | |
| Consumer Products & Services | - | 1.23% | - | - | |
| Personal Goods | - | - | 0.43% | - | |
| Clothing & Accessories | - | - | - | 0.24% | |
| Cosmetics | - | - | - | 0.07% | |
| Luxury Items | - | - | - | 0.06% | |
| Footwear | - | - | - | 0.05% | |
| Leisure Goods | - | - | 0.27% | - | |
| Electronic Entertainment | - | - | - | 0.11% | |
| Consumer Electronics | - | - | - | 0.10% | |
| Toys | - | - | - | 0.02% | |
| Recreational Vehicles & Boats | - | - | - | 0.02% | |
| Recreational Products | - | - | - | 0.01% | |
| Photography | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.27% | - | |
| Vending & Catering Service | - | - | - | 0.18% | |
| Consumer Services: Misc. | - | - | - | 0.06% | |
| Education Services | - | - | - | 0.02% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.01% | |
| Printing and Copying Services | - | - | - | 0.00% | |
| Household Goods & Home Construction | - | - | 0.25% | - | |
| Home Construction | - | - | - | 0.18% | |
| Household Appliance | - | - | - | 0.05% | |
| Household Equipment & Products | - | - | - | 0.02% | |
| Household Furnishings | - | - | - | 0.01% | |
| Retail | - | 0.85% | - | - | |
| Retailers | - | - | 0.85% | - | |
| Diversified Retailers | - | - | - | 0.54% | |
| Specialty Retailers | - | - | - | 0.12% | |
| Home Improvement Retailers | - | - | - | 0.10% | |
| Apparel Retailers | - | - | - | 0.10% | |
| Travel & Leisure | - | 0.74% | - | - | |
| Travel & Leisure | - | - | 0.74% | - | |
| Casinos & Gambling | - | - | - | 0.28% | |
| Hotels & Motels | - | - | - | 0.13% | |
| Airlines | - | - | - | 0.11% | |
| Restaurants & Bars | - | - | - | 0.11% | |
| Travel & Tourism | - | - | - | 0.08% | |
| Recreational Services | - | - | - | 0.03% | |
| Automobiles & Parts | - | 0.67% | - | - | |
| Automobiles & Parts | - | - | 0.67% | - | |
| Automobiles | - | - | - | 0.51% | |
| Auto Parts | - | - | - | 0.12% | |
| Tires | - | - | - | 0.04% | |
| Auto Services | - | - | - | 0.00% | |
| Media | - | 0.58% | - | - | |
| Media | - | - | 0.58% | - | |
| Publishing | - | - | - | 0.35% | |
| Media Agencies | - | - | - | 0.12% | |
| Entertainment | - | - | - | 0.07% | |
| Radio & TV Broadcasters | - | - | - | 0.04% | |
| Health Care | 3.01% | - | - | - | |
| Health Care | - | 3.01% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.38% | - | |
| Pharmaceuticals | - | - | - | 2.20% | |
| Biotechnology | - | - | - | 0.18% | |
| Medical Equipment & Services | - | - | 0.48% | - | |
| Medical Equipment | - | - | - | 0.29% | |
| Medical Supplies | - | - | - | 0.16% | |
| Medical Services | - | - | - | 0.02% | |
| Health Care Providers | - | - | 0.16% | - | |
| Health Care Management Services | - | - | - | 0.07% | |
| Health Care Facilities | - | - | - | 0.07% | |
| Health Care Services | - | - | - | 0.03% | |
| Consumer Staples | 2.71% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.53% | - | - | |
| Beverages | - | - | 0.65% | - | |
| Distillers & Vintners | - | - | - | 0.42% | |
| Soft Drinks | - | - | - | 0.13% | |
| Brewers | - | - | - | 0.10% | |
| Food Producers | - | - | 0.50% | - | |
| Food Products | - | - | - | 0.45% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.03% | |
| Fruit & Grain Processing | - | - | - | 0.02% | |
| Sugar | - | - | - | 0.00% | |
| Tobacco | - | - | 0.38% | - | |
| Tobacco | - | - | - | 0.38% | |
| Personal Care, Drug & Grocery Stores | - | 1.18% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.18% | - | |
| Personal Products | - | - | - | 0.56% | |
| Food Retailers & Wholesalers | - | - | - | 0.37% | |
| Nondurable Household Products | - | - | - | 0.20% | |
| Drug Retailers | - | - | - | 0.05% | |
| Energy | 2.29% | - | - | - | |
| Energy | - | 2.29% | - | - | |
| Non-Renewable Energy | - | - | 2.25% | - | |
| Integrated Oil & Gas | - | - | - | 1.41% | |
| Pipelines | - | - | - | 0.37% | |
| Oil: Crude Producers | - | - | - | 0.20% | |
| Oil Refining and Marketing | - | - | - | 0.17% | |
| Oil Equipment & Services | - | - | - | 0.05% | |
| Coal | - | - | - | 0.04% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.04% | - | |
| Renewable Energy Equipment | - | - | - | 0.04% | |
| Alternative Fuels | - | - | - | 0.00% | |
| Utilities | 2.01% | - | - | - | |
| Utilities | - | 2.01% | - | - | |
| Electricity | - | - | 1.17% | - | |
| Conventional Electricity | - | - | - | 1.08% | |
| Alternative Electricity | - | - | - | 0.09% | |
| Gas, Water & Multi-utilities | - | - | 0.81% | - | |
| Multi-Utilities | - | - | - | 0.54% | |
| Water | - | - | - | 0.15% | |
| Gas Distribution | - | - | - | 0.13% | |
| Waste & Disposal Services | - | - | 0.03% | - | |
| Waste & Disposal Services | - | - | - | 0.03% | |
| Basic Materials | 1.95% | - | - | - | |
| Basic Resources | - | 1.43% | - | - | |
| Industrial Metals & Mining | - | - | 1.27% | - | |
| General Mining | - | - | - | 0.97% | |
| Iron & Steel | - | - | - | 0.21% | |
| Copper | - | - | - | 0.04% | |
| Aluminum | - | - | - | 0.02% | |
| Metal Fabricating | - | - | - | 0.02% | |
| Nonferrous Metals | - | - | - | 0.02% | |
| Precious Metals & Mining | - | - | 0.11% | - | |
| Gold Mining | - | - | - | 0.10% | |
| Platinum & Precious Metals | - | - | - | 0.01% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.05% | - | |
| Paper | - | - | - | 0.02% | |
| Diversified Materials | - | - | - | 0.01% | |
| Textile Products | - | - | - | 0.01% | |
| Forestry | - | - | - | 0.00% | |
| Chemicals | - | 0.52% | - | - | |
| Chemicals | - | - | 0.52% | - | |
| Chemicals: Diversified | - | - | - | 0.33% | |
| Specialty Chemicals | - | - | - | 0.15% | |
| Fertilizers | - | - | - | 0.03% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.01% | |
| Real Estate | 1.63% | - | - | - | |
| Real Estate | - | 1.63% | - | - | |
| Real Estate Investment Trusts | - | - | 1.29% | - | |
| Diversified REITs | - | - | - | 0.35% | |
| Industrial REITs | - | - | - | 0.23% | |
| Infrastructure REITs | - | - | - | 0.15% | |
| Residential REITs | - | - | - | 0.11% | |
| Retail REITs | - | - | - | 0.11% | |
| Office REITs | - | - | - | 0.10% | |
| Other Specialty REITs | - | - | - | 0.07% | |
| Storage REITs | - | - | - | 0.07% | |
| Health Care REITs | - | - | - | 0.06% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Timber REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.34% | - | |
| Real Estate Holding and Development | - | - | - | 0.27% | |
| Real Estate Services | - | - | - | 0.07% | |
| Telecommunications | 1.17% | - | - | - | |
| Telecommunications | - | 1.17% | - | - | |
| Telecommunications Service Providers | - | - | 0.62% | - | |
| Telecommunications Services | - | - | - | 0.60% | |
| Cable Television Services | - | - | - | 0.02% | |
| Telecommunications Equipment | - | - | 0.55% | - | |
| Telecommunications Equipment | - | - | - | 0.55% | |
| Property | 0.75% | - | - | - | |
| Property | - | 0.75% | - | - | |
| Property | - | - | 0.75% | - | |
| Property | - | - | - | 0.75% | |
Regional Allocation
| North America | 20.36% | |
| UK | 17.07% | |
| Developed Europe - Excl UK | 16.50% | |
| Non-Classified | 19.02% | |
| Emerging Asia | 7.14% | |
| Cash and Equivalents | 7.08% | |
| Japan | 3.15% | |
| Property | 2.66% | |
| Australia & New Zealand | 2.15% | |
| Other Regions | 4.86% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 59.03% | |
| Pound Sterling | 17.69% | |
| US Dollar | 15.37% | |
| Euro | 6.36% | |
| Cash | 0.32% | |
| Brazilian Real | 0.12% | |
| Other Currencies | 1.10% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 20.36% | - | |
United States
|
- | 18.58% | |
Canada
|
- | 1.78% | |
Bermuda
|
- | 0.00% | |
| UK | 17.07% | - | |
United Kingdom
|
- | 17.07% | |
| Developed Europe - Excl UK | 16.50% | - | |
France
|
- | 3.68% | |
Germany
|
- | 2.86% | |
Netherlands
|
- | 2.54% | |
Luxembourg
|
- | 1.66% | |
Switzerland
|
- | 1.18% | |
Spain
|
- | 0.88% | |
Sweden
|
- | 0.72% | |
Italy
|
- | 0.66% | |
Denmark
|
- | 0.58% | |
Ireland
|
- | 0.56% | |
Finland
|
- | 0.46% | |
Belgium
|
- | 0.28% | |
Norway
|
- | 0.28% | |
Austria
|
- | 0.11% | |
Portugal
|
- | 0.02% | |
Liechtenstein
|
- | 0.00% | |
Iceland
|
- | 0.00% | |
| Non-Classified | 19.02% | - | |
| Emerging Asia | 7.14% | - | |
Taiwan
|
- | 2.06% | |
China
|
- | 1.64% | |
South Korea
|
- | 1.25% | |
India
|
- | 0.64% | |
Philippines
|
- | 0.43% | |
Malaysia
|
- | 0.31% | |
Indonesia
|
- | 0.29% | |
Thailand
|
- | 0.28% | |
Uzbekistan
|
- | 0.04% | |
Viet Nam
|
- | 0.04% | |
Kazakhstan
|
- | 0.04% | |
Azerbaijan
|
- | 0.03% | |
Tajikistan
|
- | 0.02% | |
Georgia
|
- | 0.02% | |
Mongolia
|
- | 0.02% | |
Armenia
|
- | 0.01% | |
Sri Lanka
|
- | 0.01% | |
Papua New Guinea
|
- | 0.01% | |
Pakistan
|
- | 0.00% | |
Macau
|
- | 0.00% | |
| Cash and Equivalents | 7.08% | - | |
| Japan | 3.15% | - | |
Japan
|
- | 3.15% | |
| Property | 2.66% | - | |
| Australia & New Zealand | 2.15% | - | |
Australia
|
- | 2.04% | |
New Zealand
|
- | 0.10% | |
New Caledonia
|
- | 0.01% | |
| South & Central America | 1.73% | - | |
Mexico
|
- | 0.63% | |
Brazil
|
- | 0.35% | |
Colombia
|
- | 0.21% | |
Peru
|
- | 0.12% | |
Uruguay
|
- | 0.08% | |
Dominican Republic
|
- | 0.08% | |
Chile
|
- | 0.07% | |
Argentina
|
- | 0.04% | |
Guatemala
|
- | 0.03% | |
Paraguay
|
- | 0.02% | |
Trinidad and Tobago
|
- | 0.02% | |
Barbados
|
- | 0.02% | |
Honduras
|
- | 0.01% | |
Panama
|
- | 0.01% | |
El Salvador
|
- | 0.01% | |
Cayman Islands
|
- | 0.01% | |
Ecuador
|
- | 0.01% | |
Venezuela
|
- | 0.01% | |
Costa Rica
|
- | 0.01% | |
Jamaica
|
- | 0.01% | |
Bolivia
|
- | 0.00% | |
| Middle East & Africa | 1.26% | - | |
Saudi Arabia
|
- | 0.24% | |
United Arab Emirates
|
- | 0.20% | |
South Africa
|
- | 0.18% | |
Qatar
|
- | 0.12% | |
Cote D'Ivoire
|
- | 0.12% | |
Israel
|
- | 0.05% | |
Morocco
|
- | 0.04% | |
Nigeria
|
- | 0.03% | |
Kuwait
|
- | 0.03% | |
Oman
|
- | 0.03% | |
Egypt
|
- | 0.03% | |
Jordan
|
- | 0.02% | |
Gabon
|
- | 0.02% | |
Benin
|
- | 0.02% | |
Senegal
|
- | 0.02% | |
Mozambique
|
- | 0.02% | |
Rwanda
|
- | 0.02% | |
Kenya
|
- | 0.02% | |
Angola
|
- | 0.02% | |
Cameroon
|
- | 0.02% | |
Iraq
|
- | 0.01% | |
Zambia
|
- | 0.01% | |
Ghana
|
- | 0.01% | |
| Developed Asia | 1.17% | - | |
Hong Kong
|
- | 0.77% | |
Singapore
|
- | 0.40% | |
| Emerging Europe | 0.71% | - | |
Poland
|
- | 0.15% | |
Hungary
|
- | 0.12% | |
Romania
|
- | 0.12% | |
Turkey
|
- | 0.11% | |
Greece
|
- | 0.05% | |
Serbia
|
- | 0.03% | |
Russian Federation
|
- | 0.02% | |
Czech Republic
|
- | 0.02% | |
Montenegro
|
- | 0.02% | |
Albania
|
- | 0.02% | |
Ukraine
|
- | 0.02% | |
Bosnia and Herzegowina
|
- | 0.01% | |
Croatia
|
- | 0.01% | |
Bulgaria
|
- | 0.01% | |
Macedonia, The Former Yugoslav Republic Of
|
- | 0.01% | |
Slovenia
|
- | 0.00% | |
Estonia
|
- | 0.00% | |
Slovakia (Slovak Republic)
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
18.45% |
| Large |
|
7.97% |
| Medium |
|
4.21% |
| Small |
|
0.68% |
| Micro |
|
0.13% |
| Non-Classified |
|
20.82% |
| Bonds |
|
40.65% |
| Cash |
|
7.08% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
20.49% |
| 5Yr - 10Yr Maturity |
|
10.41% |
| 10Yr - 15Yr Maturity |
|
2.90% |
| > 15Yr Maturity |
|
6.84% |
| Cash And Equivalents |
|
7.08% |
| Unknown Maturity |
|
3.78% |
| Other Asset Types |
|
48.50% |
Fixed Interest Quality Profile
| AAA |
|
5.29% |
| AA |
|
3.12% |
| A |
|
11.10% |
| BBB |
|
13.02% |
| Sub-Investment Grade |
|
2.28% |
| Unknown Quality |
|
5.84% |
| Cash and Equivalents |
|
7.08% |
| Other Asset Types |
|
52.26% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BlackRock iShares Corporate Bond Index Class X | 18.90% | Managed Funds | Managed Funds |
| 2 | BlackRock (Dublin) iShares US Corporate Bond Index Fund | 11.53% | Managed Funds | Managed Funds |
| 3 | BlackRock iShares UK Equity Index Class X | 10.81% | Managed Funds | Managed Funds |
| 4 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 7.99% | Managed Funds | Managed Funds |
| 5 | BlackRock iShares Pacific ex Japan Equity Index Class X | 5.95% | Managed Funds | Managed Funds |
| 6 | BlackRock (Dublin) iShares ESG Screened Euro Corporate Bond Index Fund | 5.51% | Managed Funds | Managed Funds |
| 7 | Legal & General European Index Trust C | 4.21% | Managed Funds | Managed Funds |
| 8 | BlackRock iShares US Equity Index Class X | 3.64% | Managed Funds | Managed Funds |
| 9 | M&G Emerging Markets Bond Class PP GBP | 3.08% | Managed Funds | Managed Funds |
| 10 | M&G Global High Yield Bond Class A GBP | 2.79% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | USD/GBP GBP | 1.75% | Non-Classified | Non-Classified |
| 2 | iShares iShares plc European Property Yield UCITS ETF EUR (Dist) | 1.02% | Non-Classified | Direct Property and REITs |
| 3 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.86% | Technology Hardware & Equipment | Taiwan |
| 4 | SHELL | 0.76% | Non-Renewable Energy | United Kingdom |
| 5 | L&G FREEHOLD PROPERTY | 0.75% | Property | Direct Property and REITs |
| 6 | EUR/GBP GBP | 0.74% | Non-Classified | Non-Classified |
| 7 | ASTRAZENECA | 0.73% | Pharmaceuticals & Biotechnology | United Kingdom |
| 8 | HSBC HOLDINGS | 0.57% | Banks | United Kingdom |
| 9 | UNILEVER | 0.45% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 10 | BP | 0.36% | Non-Renewable Energy | 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 | B1P9ZS1 |
| Mex Code | PUCMAI |
| Isin Code | GB00B1P9ZS17 |
| Citi Code | Q648 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.54% |
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 12%. 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 12%. 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% |
|---|---|
| 3.60% | 4.60% |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | Link Fund Administrators Limited |
| Fund Registrar | Link Fund Administrators Limited |
| Fund Custodian | The 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 |
| investorservices@linkgroup.co.uk | |
| Homepage | www.waystone.com |
| Fax number | 0113 2246001 |
Dealing
| Minimum Investment | £500 |
| Minimum Top Up | £250 |
| Minimum Regular Saving | £50 |
| 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.