Prudential UK Smaller Companies S3

Essentials Portfolio Analysis Background Data Prudential Risk Performance View PDF Factsheet
Portfolio data accurate as at:

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 16.7% -2.5% -14.1% 86.5% -26.1%
Benchmark 6.4% -8.6% -12.3% 65.2% -14.6%

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 -13.4% 5.8% 6.1% 12.6%
Benchmark -10.5% 7.3% 3.7% 10.8%

Top 10 Holdings

Stock % Weight
HELICAL 3.42
PRS REIT Plc PRS REIT Plc ORD GBP0.01 2.89
LSL PROPERTY SERVICES 2.82
VIDENDUM 2.72
RPS GROUP 2.69
CAPITAL & COUNTIES PROPERTIES 2.56
KELLER GROUP 2.51
Home REIT Plc Home REIT Plc Ord 2.50
SENIOR 2.47
RESTORE 2.24
Total 26.83

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Smaller Companies Fund - the underlying fund.

Underlying Fund Objective: The fund invests in the shares of smaller UK companies outside the FTSE 350 Index. The fund is actively managed against its benchmark, the FTSE Smaller Companies (ex-Investment Trusts) Index. The fund manager adopts a medium-term time horizon and focuses on identifying higher quality companies which, we believe, are under-valued due to pricing inefficiencies in the small cap market. This is backed up with detailed fundamental research to form an exclusively bottom-up stock-picking investment process.

Performance Objective: To outperform the benchmark by 2.0% a year (before charges) on a rolling three year basis.

Fund Manager

Matthew Cable manager of the underlying fund for 7 years and 11 months

Photo of Matthew Cable Matthew Cable was appointed deputy fund manager of the M&G Smaller Companies Fund in March 2013. He joined M&G in 2007 and worked in several strategic and commercial roles before becoming a dedicated analyst in the smaller companies team in 2011. Matthew has a degree in natural sciences from Cambridge University and is a CFA charterholder.

Fund Overview

Daily price (15/08/2022) 852.67
Fund size (30/06/2022) £23.20m
Underlying Fund size £0.00m
Number of holdings 59
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 06/04/2001

Asset Allocation

pie chart
  UK Equities 82.92%
  Property 11.53%
  Cash and Equivalents 5.55%

Commentary

Performance as at Q1 2022 - Against a backdrop of heightened risk aversion due to the war in Ukraine, it was a difficult quarter for the fund, which declined more than the benchmark. The fund's performance was held back by stock selection and, to a lesser extent, sector allocation. In particular, an above-index exposure to technology and a below-index presence in energy stocks held back returns, with energy the only sector to gain in an otherwise falling market. In terms of stock selection, positions in industrials, consumer discretionary and financials cost some performance, although stock picks in technology were helpful.

Contributors to performance included oil services company Hunting, a beneficiary of the high oil price and a reassessment of domestic energy security. A position in central London real estate business Capital & Counties Properties was also helpful, as its relatively defensive characteristics appealed to risk-averse investors. In contrast, law firm Knights Group and fashion retailer Joules featured among detractors. Knights announced weaker trading due to the Omicron variant and investors were concerned about prospects for its revenues. Joules came under pressure because of supply chain issues and uncertainty regarding the ongoing profitability of its online growth.

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Equities 82.92%
  Property 11.53%
  Cash and Equivalents 5.55%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Industrials 33.49% - - -
 
Industrial Goods & Services - 24.69% - -
 
Industrial Support Services - - 17.54% -
 
Professional Business Support Services - - - 13.18%
 
Business Training & Employment Agencies - - - 2.62%
 
Transaction Processing Services - - - 1.74%
 
Industrial Engineering - - 2.72% -
 
Machinery: Industrial - - - 2.72%
 
Aerospace & Defence - - 2.47% -
 
Aerospace - - - 2.47%
 
Electronic & Electrical Equipment - - 1.15% -
 
Electrical Components - - - 1.15%
 
Industrial Transportation - - 0.81% -
 
Transportation Services - - - 0.81%
 
Construction & Materials - 8.80% - -
 
Construction & Materials - - 8.80% -
 
Engineering & Contracting Services - - - 4.70%
 
Building Materials: Other - - - 3.13%
 
Construction - - - 0.97%
 
Real Estate 19.71% - - -
 
Real Estate - 19.71% - -
 
Real Estate Investment Trusts - - 13.47% -
 
Residential REITs - - - 5.39%
 
Diversified REITs - - - 4.48%
 
Office REITs - - - 1.94%
 
Retail REITs - - - 1.65%
 
Real Estate Investment & Services - - 6.24% -
 
Real Estate Holding and Development - - - 3.42%
 
Real Estate Services - - - 2.82%
 
Consumer Discretionary 19.53% - - -
 
Travel & Leisure - 7.20% - -
 
Travel & Leisure - - 7.20% -
 
Restaurants & Bars - - - 3.74%
 
Travel & Tourism - - - 2.36%
 
Recreational Services - - - 1.10%
 
Retail - 5.15% - -
 
Retailers - - 5.15% -
 
Home Improvement Retailers - - - 2.99%
 
Specialty Retailers - - - 2.15%
 
Consumer Products & Services - 3.92% - -
 
Household Goods & Home Construction - - 2.16% -
 
Home Construction - - - 2.16%
 
Personal Goods - - 1.76% -
 
Clothing & Accessories - - - 1.76%
 
Media - 3.26% - -
 
Media - - 3.26% -
 
Media Agencies - - - 2.31%
 
Publishing - - - 0.95%
 
Technology 9.27% - - -
 
Technology - 9.27% - -
 
Software & Computer Services - - 7.62% -
 
Software - - - 5.42%
 
Computer Services - - - 1.46%
 
Consumer Digital Services - - - 0.75%
 
Technology Hardware & Equipment - - 1.65% -
 
Electronic Components - - - 1.65%
 
Financials 6.62% - - -
 
Financial Services - 6.62% - -
 
Investment Banking & Brokerage Services - - 5.36% -
 
Asset Managers & Custodians - - - 3.10%
 
Investment Services - - - 1.36%
 
Diversified Financial Services - - - 0.90%
 
Finance & Credit Services - - 1.27% -
 
Mortgage Finance - - - 1.27%
 
Cash and Equivalents 5.55% - - -
 
Consumer Staples 1.92% - - -
 
Food, Beverage & Tobacco - 1.92% - -
 
Food Producers - - 1.92% -
 
Food Products - - - 1.92%
 
Energy 1.91% - - -
 
Energy - 1.91% - -
 
Non-Renewable Energy - - 1.91% -
 
Oil Equipment & Services - - - 1.91%
 
Basic Materials 1.36% - - -
 
Chemicals - 1.36% - -
 
Chemicals - - 1.36% -
 
Chemicals: Diversified - - - 1.36%
 
Health Care 0.62% - - -
 
Health Care - 0.62% - -
 
Pharmaceuticals & Biotechnology - - 0.62% -
 
Biotechnology - - - 0.62%
 
Non-Classified 0.00% - - -

Regional Allocation

pie chart
  UK 82.92%
  Property 11.53%
  Cash and Equivalents 5.55%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 82.92% -
 
United Kingdom - 82.92%
 
Property 11.53% -
 
Cash and Equivalents 5.55% -

Breakdown By Market Cap (%)

Medium
 
 
3.18%
Small
 
 
68.51%
Micro
 
 
19.94%
Non-Classified
 
 
2.82%
Cash
 
 
5.55%

Top 10 Holdings

Stock % Weight Sector Country
1 HELICAL 3.42% Real Estate Investment & Services United Kingdom
2 PRS REIT Plc PRS REIT Plc ORD GBP0.01 2.89% Real Estate Investment Trusts Direct Property and REITs
3 LSL PROPERTY SERVICES 2.82% Real Estate Investment & Services United Kingdom
4 VIDENDUM 2.72% Industrial Engineering United Kingdom
5 RPS GROUP 2.69% Industrial Support Services United Kingdom
6 CAPITAL & COUNTIES PROPERTIES 2.56% Real Estate Investment Trusts Direct Property and REITs
7 KELLER GROUP 2.51% Construction & Materials United Kingdom
8 Home REIT Plc Home REIT Plc Ord 2.50% Real Estate Investment Trusts Direct Property and REITs
9 SENIOR 2.47% Aerospace & Defence United Kingdom
10 RESTORE 2.24% Industrial Support Services United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 9.27% - - - - - - - 9.27%
Financials 6.62% - - - - - - - 6.62%
Real Estate 8.19% - - - - 11.53% - - 19.71%
Consumer Discretionary 19.53% - - - - - - - 19.53%
Consumer Staples 1.92% - - - - - - - 1.92%
Energy 1.91% - - - - - - - 1.91%
Health Care 0.62% - - - - - - - 0.62%
Industrials 33.49% - - - - - - - 33.49%
Basic Materials 1.36% - - - - - - - 1.36%
Cash and Equivalents - - - - - - - 5.55% 5.55%
Non-Classified - - - - - - - - -

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.

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 3169469
Mex Code PUKS
Isin Code GB0031694697
Citi Code P288

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 Smaller Companies Fund - the underlying fund. Underlying Fund Objective: The fund invests in the shares of smaller UK companies outside the FTSE 350 Index. The fund is actively managed against its benchmark, the FTSE Smaller Companies (ex-Investment Trusts) Index. The fund manager adopts a medium-term time horizon and focuses on identifying higher quality companies which, we believe, are under-valued due to pricing inefficiencies in the small cap market. This is backed up with detailed fundamental research to form an exclusively bottom-up stock-picking investment process. Performance Objective: To outperform the benchmark by 2.0% a year (before charges) on a rolling three year basis.
Benchmark FTSE Smaller Companies (ex-Investment Trusts) Index
ABI Sector UK Smaller 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
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

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.

Help

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.