Prudential UK Equity S3
Performance
Discrete performance - to latest available quarter end
| 30/06/17 to 30/06/18 |
30/06/18 to 30/06/19 |
30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
|
|---|---|---|---|---|---|
| Fund | 10.4% | -0.9% | -12.5% | 27.0% | -6.4% |
| Benchmark | 9.0% | 0.6% | -13.0% | 21.5% | 1.6% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2022 |
3 Years to 30/06/22 |
5 Years to 30/06/22 |
10 Years to 30/06/22 |
|
| Fund | -7.1% | 1.4% | 2.6% | 6.8% |
| Benchmark | -5.0% | 2.4% | 3.3% | 6.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 6.14 |
| HSBC HOLDINGS | 5.22 |
| BP | 4.35 |
| UNILEVER | 3.93 |
| SHELL | 3.26 |
| GSK GBP ORD | 3.20 |
| RIO TINTO | 2.55 |
| DIAGEO | 2.42 |
| NATIONAL GRID | 1.70 |
| BRITISH AMERICAN TOBACCO | 1.62 |
| Total | 34.39 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Equity Fund - the underlying fund.
Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions.
Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis.
Fund Manager
With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.
Fund Overview
| Daily price (15/08/2022) | 341.40 |
| Fund size (30/06/2022) | £124.59m |
| Underlying Fund size | £0.00m |
| Number of holdings | 1167 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 06/04/2001 |
Asset Allocation
| UK Equities | 85.04% | |
| International Equities | 3.76% | |
| Cash and Equivalents | 2.84% | |
| Investment Trusts | 1.81% | |
| Property | 1.60% | |
| Money Market | 0.22% | |
| International Bonds | 0.04% | |
| Alternative Trading Strategies | 0.02% | |
| Other Assets | 4.68% |
Commentary
Performance as at Q1 2022 - In addition to ongoing worries about rising inflation, the period saw heightened geopolitical tension in the run up to Russia's invasion of Ukraine, leading to widespread risk aversion. The fund fell over the quarter and was behind the FTSE All-Share Index. The UK Equity Dividend Fund outperformed its index, but the rest of the underlying funds lagged behind their respective indices.
In a volatile quarter for equity markets, the M&G Recovery Fund was held back by the underperformance of the biotech holdings, largely reflecting a sell-off in growth stocks. In addition, although the fund is overweight energy companies, its holdings in BP and Tullow Oil underperformed Shell, which it does not own.
The first quarter was a disappointing start to 2022 for the UK Equity Growth Fund, as the macroeconomic environment did not suit a portfolio of sustainably oriented quality compounders. Large below-market exposures to basic materials and energy caused the fund to lag as commodity prices have soared.
The M&G Smaller Companies Fund's performance was held back by stock selection and, to a lesser extent, sector allocation. An above-index exposure to technology and a below-index presence in energy stocks held back returns. Individual detractors included law firm Knights Group, which announced weaker trading due to the Omicron variant of the new coronavirus and investors were concerned about prospects for its revenues.
Finally, the UK Equity Dividend Fund benefited from a strong rotation into the high yield segment of the market and a pick-up in momentum within value stocks. These are generally higher income-paying and more economically sensitive stocks, a natural hunting ground for the fund. The main individual contributors were focused in the resources sector and included the Anglo-Australian mining behemoths Rio Tinto and BHP, oil major BP, USbased gas producer Diversified Energy Company and biomass electricity generator Drax.
Source: M&G
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 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 gross 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 intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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
| UK Equities | 85.04% | |
| International Equities | 3.76% | |
| Cash and Equivalents | 2.84% | |
| Investment Trusts | 1.81% | |
| Property | 1.60% | |
| Money Market | 0.22% | |
| International Bonds | 0.04% | |
| Alternative Trading Strategies | 0.02% | |
| Other Assets | 4.68% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 20.92% | - | - | - | |
| Banks | - | 9.84% | - | - | |
| Banks | - | - | 9.84% | - | |
| Banks | - | - | - | 9.84% | |
| Financial Services | - | 7.45% | - | - | |
| Investment Banking & Brokerage Services | - | - | 4.29% | - | |
| Asset Managers & Custodians | - | - | - | 3.63% | |
| Investment Services | - | - | - | 0.61% | |
| Diversified Financial Services | - | - | - | 0.04% | |
| Equity Investment Instruments | - | - | 1.81% | - | |
| Equity Investment Instruments | - | - | - | 1.81% | |
| Finance & Credit Services | - | - | 1.35% | - | |
| Financial Data & Systems | - | - | - | 1.22% | |
| Mortgage Finance | - | - | - | 0.10% | |
| Consumer Lending | - | - | - | 0.03% | |
| Insurance | - | 3.63% | - | - | |
| Life Insurance | - | - | 1.92% | - | |
| Life Insurance | - | - | - | 1.92% | |
| Non-life Insurance | - | - | 1.71% | - | |
| Property & Casualty Insurance | - | - | - | 1.29% | |
| Full Line Insurance | - | - | - | 0.36% | |
| Reinsurance | - | - | - | 0.05% | |
| Consumer Staples | 12.62% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 6.43% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 6.43% | - | |
| Personal Products | - | - | - | 3.94% | |
| Nondurable Household Products | - | - | - | 1.54% | |
| Food Retailers & Wholesalers | - | - | - | 0.95% | |
| Food, Beverage & Tobacco | - | 6.19% | - | - | |
| Beverages | - | - | 2.86% | - | |
| Distillers & Vintners | - | - | - | 2.44% | |
| Soft Drinks | - | - | - | 0.42% | |
| Brewers | - | - | - | 0.00% | |
| Tobacco | - | - | 1.97% | - | |
| Tobacco | - | - | - | 1.97% | |
| Food Producers | - | - | 1.36% | - | |
| Food Products | - | - | - | 1.26% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.10% | |
| Industrials | 11.71% | - | - | - | |
| Industrial Goods & Services | - | 9.72% | - | - | |
| Industrial Support Services | - | - | 4.07% | - | |
| Professional Business Support Services | - | - | - | 2.86% | |
| Business Training & Employment Agencies | - | - | - | 0.68% | |
| Industrial Suppliers | - | - | - | 0.39% | |
| Transaction Processing Services | - | - | - | 0.14% | |
| Forms & Bulk Printing Services | - | - | - | 0.00% | |
| General Industrials | - | - | 1.50% | - | |
| Diversified Industrials | - | - | - | 1.01% | |
| Containers & Packaging | - | - | - | 0.48% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Industrial Transportation | - | - | 1.38% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.78% | |
| Marine Transportation | - | - | - | 0.38% | |
| Delivery Services | - | - | - | 0.16% | |
| Transportation Services | - | - | - | 0.05% | |
| Railroads | - | - | - | 0.00% | |
| Commercial Vehicles & Parts | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 1.10% | - | |
| Defense | - | - | - | 0.71% | |
| Aerospace | - | - | - | 0.39% | |
| Industrial Engineering | - | - | 0.85% | - | |
| Machinery: Construction & Handling | - | - | - | 0.46% | |
| Machinery: Industrial | - | - | - | 0.38% | |
| Machinery: Specialty | - | - | - | 0.02% | |
| Machinery: Agricultural | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 0.82% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 0.47% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.20% | |
| Electrical Components | - | - | - | 0.14% | |
| Construction & Materials | - | 1.99% | - | - | |
| Construction & Materials | - | - | 1.99% | - | |
| Construction | - | - | - | 0.56% | |
| Cement | - | - | - | 0.46% | |
| Engineering & Contracting Services | - | - | - | 0.41% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.37% | |
| Building Materials: Other | - | - | - | 0.20% | |
| Consumer Discretionary | 11.07% | - | - | - | |
| Consumer Products & Services | - | 3.60% | - | - | |
| Household Goods & Home Construction | - | - | 1.86% | - | |
| Home Construction | - | - | - | 1.86% | |
| Household Appliance | - | - | - | 0.00% | |
| Household Furnishings | - | - | - | 0.00% | |
| Consumer Services | - | - | 1.04% | - | |
| Vending & Catering Service | - | - | - | 1.03% | |
| Funeral Parlors & Cemetery | - | - | - | 0.01% | |
| Education Services | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.41% | - | |
| Toys | - | - | - | 0.41% | |
| Electronic Entertainment | - | - | - | 0.00% | |
| Consumer Electronics | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.28% | - | |
| Clothing & Accessories | - | - | - | 0.22% | |
| Luxury Items | - | - | - | 0.03% | |
| Footwear | - | - | - | 0.03% | |
| Cosmetics | - | - | - | 0.00% | |
| Travel & Leisure | - | 3.08% | - | - | |
| Travel & Leisure | - | - | 3.08% | - | |
| Travel & Tourism | - | - | - | 0.95% | |
| Casinos & Gambling | - | - | - | 0.76% | |
| Recreational Services | - | - | - | 0.42% | |
| Restaurants & Bars | - | - | - | 0.35% | |
| Hotels & Motels | - | - | - | 0.34% | |
| Airlines | - | - | - | 0.25% | |
| Media | - | 2.85% | - | - | |
| Media | - | - | 2.85% | - | |
| Publishing | - | - | - | 1.39% | |
| Media Agencies | - | - | - | 1.06% | |
| Radio & TV Broadcasters | - | - | - | 0.40% | |
| Entertainment | - | - | - | 0.00% | |
| Retail | - | 1.53% | - | - | |
| Retailers | - | - | 1.53% | - | |
| Home Improvement Retailers | - | - | - | 0.52% | |
| Diversified Retailers | - | - | - | 0.42% | |
| Specialty Retailers | - | - | - | 0.33% | |
| Apparel Retailers | - | - | - | 0.26% | |
| Automobiles & Parts | - | 0.01% | - | - | |
| Automobiles & Parts | - | - | 0.01% | - | |
| Auto Parts | - | - | - | 0.01% | |
| Automobiles | - | - | - | 0.00% | |
| Non-Classified | 8.68% | - | - | - | |
| Health Care | 8.68% | - | - | - | |
| Health Care | - | 8.68% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.78% | - | |
| Pharmaceuticals | - | - | - | 6.81% | |
| Biotechnology | - | - | - | 0.97% | |
| Medical Equipment & Services | - | - | 0.86% | - | |
| Medical Equipment | - | - | - | 0.78% | |
| Medical Supplies | - | - | - | 0.08% | |
| Medical Services | - | - | - | 0.00% | |
| Health Care Providers | - | - | 0.04% | - | |
| Health Care Facilities | - | - | - | 0.04% | |
| Basic Materials | 7.11% | - | - | - | |
| Basic Resources | - | 5.81% | - | - | |
| Industrial Metals & Mining | - | - | 5.56% | - | |
| General Mining | - | - | - | 4.60% | |
| Copper | - | - | - | 0.59% | |
| Nonferrous Metals | - | - | - | 0.18% | |
| Iron & Steel | - | - | - | 0.15% | |
| Metal Fabricating | - | - | - | 0.05% | |
| Precious Metals & Mining | - | - | 0.24% | - | |
| Gold Mining | - | - | - | 0.24% | |
| Platinum & Precious Metals | - | - | - | 0.01% | |
| Chemicals | - | 1.30% | - | - | |
| Chemicals | - | - | 1.30% | - | |
| Chemicals: Diversified | - | - | - | 0.74% | |
| Specialty Chemicals | - | - | - | 0.56% | |
| Energy | 5.63% | - | - | - | |
| Energy | - | 5.63% | - | - | |
| Non-Renewable Energy | - | - | 5.32% | - | |
| Integrated Oil & Gas | - | - | - | 4.35% | |
| Oil: Crude Producers | - | - | - | 0.83% | |
| Oil Equipment & Services | - | - | - | 0.12% | |
| Coal | - | - | - | 0.01% | |
| Renewable Energy | - | - | 0.32% | - | |
| Alternative Fuels | - | - | - | 0.22% | |
| Renewable Energy Equipment | - | - | - | 0.10% | |
| Utilities | 3.32% | - | - | - | |
| Utilities | - | 3.32% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.33% | - | |
| Multi-Utilities | - | - | - | 1.80% | |
| Water | - | - | - | 0.53% | |
| Electricity | - | - | 0.99% | - | |
| Conventional Electricity | - | - | - | 0.99% | |
| Alternative Electricity | - | - | - | 0.00% | |
| Cash and Equivalents | 2.84% | - | - | - | |
| Technology | 2.82% | - | - | - | |
| Technology | - | 2.82% | - | - | |
| Software & Computer Services | - | - | 2.36% | - | |
| Software | - | - | - | 1.25% | |
| Consumer Digital Services | - | - | - | 0.95% | |
| Computer Services | - | - | - | 0.16% | |
| Technology Hardware & Equipment | - | - | 0.46% | - | |
| Semiconductors | - | - | - | 0.37% | |
| Electronic Components | - | - | - | 0.08% | |
| Computer Hardware | - | - | - | 0.01% | |
| Production Technology Equipment | - | - | - | 0.00% | |
| Electronic Office Equipment | - | - | - | 0.00% | |
| Real Estate | 2.55% | - | - | - | |
| Real Estate | - | 2.55% | - | - | |
| Real Estate Investment Trusts | - | - | 1.96% | - | |
| Diversified REITs | - | - | - | 0.49% | |
| Residential REITs | - | - | - | 0.42% | |
| Industrial REITs | - | - | - | 0.36% | |
| Office REITs | - | - | - | 0.25% | |
| Retail REITs | - | - | - | 0.20% | |
| Storage REITs | - | - | - | 0.09% | |
| Health Care REITs | - | - | - | 0.09% | |
| Other Specialty REITs | - | - | - | 0.07% | |
| Infrastructure REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.59% | - | |
| Real Estate Holding and Development | - | - | - | 0.33% | |
| Real Estate Services | - | - | - | 0.26% | |
| Telecommunications | 1.97% | - | - | - | |
| Telecommunications | - | 1.97% | - | - | |
| Telecommunications Service Providers | - | - | 1.94% | - | |
| Telecommunications Services | - | - | - | 1.94% | |
| Telecommunications Equipment | - | - | 0.03% | - | |
| Telecommunications Equipment | - | - | - | 0.03% | |
| Bonds | 0.04% | - | - | - | |
| Alternative Trading Strategies | 0.02% | - | - | - | |
| Alternative Trading Strategies | - | 0.02% | - | - | |
| Alternative Trading Strategies | - | - | 0.02% | - | |
| Alternative Trading Strategies | - | - | - | 0.02% | |
Regional Allocation
| UK | 85.07% | |
| Non-Classified | 6.88% | |
| Cash and Equivalents | 3.06% | |
| Developed Europe - Excl UK | 2.25% | |
| Property | 1.55% | |
| North America | 0.59% | |
| Australia & New Zealand | 0.52% | |
| Middle East & Africa | 0.06% | |
| Developed Asia | 0.01% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.11% | |
| Cash | 2.85% | |
| Pound Sterling | 0.04% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 85.07% | - | |
United Kingdom
|
- | 85.08% | |
Jersey
|
- | 0.00% | |
| Non-Classified | 6.88% | - | |
| Cash and Equivalents | 3.06% | - | |
| Developed Europe - Excl UK | 2.25% | - | |
Ireland
|
- | 1.96% | |
Spain
|
- | 0.09% | |
Switzerland
|
- | 0.08% | |
Luxembourg
|
- | 0.07% | |
Germany
|
- | 0.04% | |
Netherlands
|
- | 0.01% | |
France
|
- | 0.00% | |
Italy
|
- | 0.00% | |
Austria
|
- | 0.00% | |
Denmark
|
- | 0.00% | |
Finland
|
- | 0.00% | |
Sweden
|
- | 0.00% | |
Norway
|
- | 0.00% | |
| Property | 1.55% | - | |
| North America | 0.59% | - | |
United States
|
- | 0.31% | |
Canada
|
- | 0.28% | |
| Australia & New Zealand | 0.52% | - | |
Australia
|
- | 0.52% | |
| Middle East & Africa | 0.06% | - | |
Israel
|
- | 0.04% | |
Zambia
|
- | 0.02% | |
Cote D'Ivoire
|
- | 0.00% | |
| Developed Asia | 0.01% | - | |
Singapore
|
- | 0.01% | |
Hong Kong
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
43.41% |
| Large |
|
15.24% |
| Medium |
|
16.16% |
| Small |
|
12.62% |
| Micro |
|
2.24% |
| Non-Classified |
|
7.45% |
| Bonds |
|
0.04% |
| Cash |
|
2.84% |
Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G PP UK Equity 350 Passive | 46.33% | Managed Funds | Managed Funds |
| 2 | M&G PP UK Equity Growth | 19.45% | Managed Funds | Managed Funds |
| 3 | M&G PP UK Equity Dividend | 15.16% | Managed Funds | Managed Funds |
| 4 | M&G PP Recovery Fund | 14.30% | Managed Funds | Managed Funds |
| 5 | M&G PP UK Smaller Companies Fund | 4.68% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 6.14% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | HSBC HOLDINGS | 5.22% | Banks | United Kingdom |
| 3 | BP | 4.35% | Non-Renewable Energy | United Kingdom |
| 4 | UNILEVER | 3.93% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 5 | SHELL | 3.26% | Non-Renewable Energy | Non-Classified |
| 6 | GSK GBP ORD | 3.20% | Non-Classified | United Kingdom |
| 7 | RIO TINTO | 2.55% | Industrial Metals & Mining | United Kingdom |
| 8 | DIAGEO | 2.42% | Beverages | United Kingdom |
| 9 | NATIONAL GRID | 1.70% | Gas, Water & Multi-utilities | United Kingdom |
| 10 | BRITISH AMERICAN TOBACCO | 1.62% | Tobacco | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 2.82% | 0.01% | - | - | - | - | - | - | 2.82% |
| Telecommunications | 1.97% | - | - | - | - | - | - | - | 1.97% |
| Financials | 19.06% | 0.04% | - | - | - | - | 2.50% | - | 21.61% |
| Real Estate | 1.00% | - | - | - | - | 1.55% | - | - | 2.55% |
| Consumer Discretionary | 10.51% | 0.56% | - | - | - | - | - | - | 11.07% |
| Consumer Staples | 12.49% | 0.13% | - | - | - | - | 0.06% | - | 12.68% |
| Energy | 5.62% | 0.01% | - | - | - | - | 3.92% | - | 9.56% |
| Utilities | 3.32% | - | - | - | - | - | - | - | 3.32% |
| Health Care | 8.12% | 0.56% | - | - | - | - | - | - | 8.68% |
| Industrials | 10.91% | 0.79% | - | - | - | - | - | - | 11.71% |
| Basic Materials | 5.79% | 1.33% | - | - | - | - | - | - | 7.11% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.84% | 2.84% |
| Bonds | - | - | - | 0.04% | - | - | - | - | 0.04% |
| Non-Classified | 3.41% | 0.33% | - | - | - | 0.04% | 0.24% | - | 4.03% |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Identification Codes
| Sedol Code | 3169447 |
| Mex Code | PUUKE |
| Isin Code | GB0031694473 |
| Citi Code | P286 |
Fund Charges
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis. |
| Benchmark | FTSE All-Share Index |
| ABI Sector | UK All Companies |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Charges and further costs 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.
These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.
We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.
You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.
Higher Risk
These are specialist equity funds that focus on set geographical regions or a particular type of share e.g. shares of smaller companies or those that conform to certain criteria.
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Important Information
This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 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 gross 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 intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.