WS Prudential WS Prudential Risk Managed Passive 1 Class P Inc

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

Performance

Discrete performance - to last month end

31/01/19
to
31/01/20
31/01/20
to
31/01/21
31/01/21
to
31/01/22
31/01/22
to
31/01/23
31/01/23
to
31/01/24
Fund 8.5% 6.7% -2.0% -5.6% 3.6%
Benchmark 7.5% 2.8% 0.6% -6.1% 2.7%

Annualised performance

Annualised
3 Years to
31/01/24
5 Years to
31/01/24
10 Years to
31/01/24
Fund -1.4% 2.1% 3.2%
Benchmark -1.0% 1.4% 2.4%

Top 10 Holdings

Stock % Weight
iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.61
L&G FREEHOLD PROPERTY 0.37
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.37
SHELL 0.34
ASTRAZENECA 0.32
HSBC HOLDINGS 0.25
UNITED KINGDOM (GOVERNMENT OF) 0% 05/02/2024 0.25
FTSE 100 IDX FUT Mar24 0.22
UNILEVER 0.19
SAMSUNG ELECTRONICS CO. LTD 0.18
Total 3.10

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 9%. 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 9%. 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

Philip Butler manager for 7 years and 3 months

Photo of Philip Butler 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 (23/02/2024) 110.52p
Historic yield 1.66%
Fund size (31/01/2024) £272.64m
Number of holdings 18348
Entry Charge 0.00%
Ongoing Charges 0.26%
Launch date 15/11/2013

Asset Allocation

pie chart
  International Bonds 46.15%
  UK Corporate Bonds 11.59%
  International Equities 11.17%
  Money Market 8.67%
  Alternative Trading Strategies 7.58%
  UK Equities 4.40%
  Property 1.07%
  Cash and Equivalents 0.42%
  Investment Trusts 0.27%
  Other Assets 8.67%

Commentary

January 2024 Investment Summary

A negative month for the Passive range with returns ranging from -0.72%* for Passive 5 to -0.89%* for Passive 2.
*P Acc share class with data sourced from FE analytics as at 31 January 2024.

January 2024 was a mixed month for portfolios generally.

Most major equity markets continued to rise as slowing inflation maintained hope amongst investors of interest rate cuts in 2024. Communications services led the sector-wise performance while Real Estate and Utilities lagged.

Government bond prices were flat as the ten-year Treasury yield edged up to 3.99% from 3.95% over the month. The bond market rally in late 2023 signalled a growing consensus that borrowing costs will continue to fall in 2024.

The US labour market remained steady at the start of 2024. US labour costs rose less than expected in quarter 4 with the annual increase the smallest in two years. Government data is projected to show payrolls increased by 180,000 in January. Higher minimum wages are now in effect from 1 January across 22 states to improve the gap seen between wage growth and inflation. US consumer confidence increased in January for the third straight month and to its highest level in more than two years. *

Conflict in the Middle East continues with tensions rising regarding the Houthi Rebels, creating speculation on the impact of supply chains. Shipping companies continue to divert vessels to avoid the possibility of attack with the market reaction still fairly muted, but potential for an expansion of the conflict is being monitored, following deadly strikes from militia’s on the US military. Brent Crude has climbed to $80/barrel from $75/barrel.

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 inflation. This has led focus to turn to the potential for central banks to ease policy rates to prevent further restriction to the economy and the prospect for a global economic ‘soft landing’.

Recent price moves suggest equities and bonds appear to be pricing this goldilocks outcome, although there is growing evidence higher borrowing costs are slowing economic activity.

WS Prudential Risk Managed Passive - Tactical asset allocation activity

With continued disinflation traction, alongside the strong fundamentals of the US economy and the spill-over effects this could have globally, the portfolio managers remain moderately overweight equities (+2.25%), with funding from European investment grade (-1.75%) and Cash (-0.50%).

Portfolio data accurate as at: 31/01/24

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 46.15%
  UK Corporate Bonds 11.59%
  International Equities 11.17%
  Money Market 8.67%
  Alternative Trading Strategies 7.58%
  UK Equities 4.40%
  Property 1.07%
  Cash and Equivalents 0.42%
  Investment Trusts 0.27%
  Other Assets 8.67%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 57.75% - - -
 
Non-Classified 9.51% - - -
 
Non-Classified - 5.34% - -
 
Non-Classified - - 5.34% -
 
Non-Classified - - - 5.34%
 
Cash and Equivalents 8.93% - - -
 
Alternative Trading Strategies 7.58% - - -
 
Alternative Trading Strategies - 7.58% - -
 
Alternative Trading Strategies - - 7.58% -
 
Alternative Trading Strategies - - - 7.58%
 
Financials 2.93% - - -
 
Banks - 1.50% - -
 
Banks - - 1.50% -
 
Banks - - - 1.50%
 
Financial Services - 0.87% - -
 
Investment Banking & Brokerage Services - - 0.45% -
 
Asset Managers & Custodians - - - 0.20%
 
Investment Services - - - 0.18%
 
Diversified Financial Services - - - 0.07%
 
Equity Investment Instruments - - 0.28% -
 
Equity Investment Instruments - - - 0.28%
 
Finance & Credit Services - - 0.14% -
 
Financial Data & Systems - - - 0.11%
 
Consumer Lending - - - 0.03%
 
Mortgage Finance - - - 0.00%
 
Mortgage Real Estate Investment Trusts - - 0.00% -
 
Mortgage REITs: Residential - - - 0.00%
 
Insurance - 0.56% - -
 
Life Insurance - - 0.31% -
 
Life Insurance - - - 0.31%
 
Non-life Insurance - - 0.25% -
 
Property & Casualty Insurance - - - 0.11%
 
Full Line Insurance - - - 0.10%
 
Reinsurance - - - 0.03%
 
Insurance Brokers - - - 0.01%
 
Industrials 2.26% - - -
 
Industrial Goods & Services - 2.03% - -
 
Industrial Transportation - - 0.60% -
 
Railroads - - - 0.29%
 
Transportation Services - - - 0.13%
 
Marine Transportation - - - 0.06%
 
Commercial Vehicle-Equipment Leasing - - - 0.05%
 
Delivery Services - - - 0.04%
 
Commercial Vehicles & Parts - - - 0.02%
 
Railroad Equipment - - - 0.01%
 
Trucking - - - 0.00%
 
Industrial Support Services - - 0.37% -
 
Professional Business Support Services - - - 0.15%
 
Transaction Processing Services - - - 0.08%
 
Industrial Suppliers - - - 0.08%
 
Business Training & Employment Agencies - - - 0.04%
 
Security Services - - - 0.02%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 0.31% -
 
Diversified Industrials - - - 0.22%
 
Containers & Packaging - - - 0.06%
 
Paints & Coatings - - - 0.01%
 
Plastics - - - 0.01%
 
Glass - - - 0.01%
 
Electronic & Electrical Equipment - - 0.28% -
 
Electrical Components - - - 0.16%
 
Electronic Equipment: Gauges & Meters - - - 0.06%
 
Electronic Equipment: Control & Filter - - - 0.05%
 
Electronic Equipment: Pollution Control - - - 0.01%
 
Electronic Equipment: Other - - - 0.00%
 
Aerospace & Defence - - 0.25% -
 
Aerospace - - - 0.15%
 
Defense - - - 0.10%
 
Industrial Engineering - - 0.22% -
 
Machinery: Industrial - - - 0.10%
 
Machinery: Construction & Handling - - - 0.06%
 
Machinery: Specialty - - - 0.02%
 
Machinery: Tools - - - 0.02%
 
Machinery: Engines - - - 0.01%
 
Machinery: Agricultural - - - 0.01%
 
Construction & Materials - 0.23% - -
 
Construction & Materials - - 0.23% -
 
Building Materials: Other - - - 0.06%
 
Construction - - - 0.06%
 
Cement - - - 0.05%
 
Engineering & Contracting Services - - - 0.03%
 
Building: Climate Control - - - 0.03%
 
Building, Roofing/Wallboard & Plumbing - - - 0.01%
 
Technology 2.12% - - -
 
Technology - 2.12% - -
 
Technology Hardware & Equipment - - 1.26% -
 
Semiconductors - - - 0.72%
 
Computer Hardware - - - 0.24%
 
Production Technology Equipment - - - 0.15%
 
Electronic Components - - - 0.13%
 
Electronic Office Equipment - - - 0.02%
 
Software & Computer Services - - 0.86% -
 
Consumer Digital Services - - - 0.40%
 
Software - - - 0.35%
 
Computer Services - - - 0.12%
 
Consumer Discretionary 1.90% - - -
 
Consumer Products & Services - 0.55% - -
 
Personal Goods - - 0.19% -
 
Clothing & Accessories - - - 0.10%
 
Cosmetics - - - 0.03%
 
Luxury Items - - - 0.03%
 
Footwear - - - 0.02%
 
Leisure Goods - - 0.13% -
 
Consumer Electronics - - - 0.05%
 
Electronic Entertainment - - - 0.05%
 
Recreational Vehicles & Boats - - - 0.01%
 
Toys - - - 0.01%
 
Recreational Products - - - 0.01%
 
Photography - - - 0.00%
 
Consumer Services - - 0.12% -
 
Vending & Catering Service - - - 0.08%
 
Consumer Services: Misc. - - - 0.03%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Printing and Copying Services - - - 0.00%
 
Household Goods & Home Construction - - 0.11% -
 
Home Construction - - - 0.08%
 
Household Appliance - - - 0.02%
 
Household Equipment & Products - - - 0.01%
 
Household Furnishings - - - 0.00%
 
Retail - 0.43% - -
 
Retailers - - 0.43% -
 
Diversified Retailers - - - 0.27%
 
Specialty Retailers - - - 0.06%
 
Apparel Retailers - - - 0.05%
 
Home Improvement Retailers - - - 0.05%
 
Automobiles & Parts - 0.34% - -
 
Automobiles & Parts - - 0.34% -
 
Automobiles - - - 0.26%
 
Auto Parts - - - 0.06%
 
Tires - - - 0.02%
 
Auto Services - - - 0.00%
 
Travel & Leisure - 0.33% - -
 
Travel & Leisure - - 0.33% -
 
Casinos & Gambling - - - 0.12%
 
Restaurants & Bars - - - 0.06%
 
Hotels & Motels - - - 0.06%
 
Airlines - - - 0.05%
 
Travel & Tourism - - - 0.04%
 
Recreational Services - - - 0.01%
 
Media - 0.25% - -
 
Media - - 0.25% -
 
Publishing - - - 0.14%
 
Media Agencies - - - 0.05%
 
Entertainment - - - 0.03%
 
Radio & TV Broadcasters - - - 0.02%
 
Health Care 1.37% - - -
 
Health Care - 1.37% - -
 
Pharmaceuticals & Biotechnology - - 1.06% -
 
Pharmaceuticals - - - 0.97%
 
Biotechnology - - - 0.09%
 
Medical Equipment & Services - - 0.23% -
 
Medical Equipment - - - 0.14%
 
Medical Supplies - - - 0.07%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.08% -
 
Health Care Management Services - - - 0.04%
 
Health Care Facilities - - - 0.03%
 
Health Care Services - - - 0.01%
 
Consumer Staples 1.22% - - -
 
Food, Beverage & Tobacco - 0.69% - -
 
Beverages - - 0.30% -
 
Distillers & Vintners - - - 0.18%
 
Soft Drinks - - - 0.07%
 
Brewers - - - 0.05%
 
Food Producers - - 0.23% -
 
Food Products - - - 0.20%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Fruit & Grain Processing - - - 0.01%
 
Sugar - - - 0.00%
 
Tobacco - - 0.16% -
 
Tobacco - - - 0.16%
 
Personal Care, Drug & Grocery Stores - 0.53% - -
 
Personal Care, Drug & Grocery Stores - - 0.53% -
 
Personal Products - - - 0.25%
 
Food Retailers & Wholesalers - - - 0.17%
 
Nondurable Household Products - - - 0.08%
 
Drug Retailers - - - 0.03%
 
Energy 1.07% - - -
 
Energy - 1.07% - -
 
Non-Renewable Energy - - 1.05% -
 
Integrated Oil & Gas - - - 0.64%
 
Pipelines - - - 0.19%
 
Oil: Crude Producers - - - 0.10%
 
Oil Refining and Marketing - - - 0.08%
 
Oil Equipment & Services - - - 0.02%
 
Coal - - - 0.02%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.02% -
 
Renewable Energy Equipment - - - 0.02%
 
Alternative Fuels - - - 0.00%
 
Utilities 1.01% - - -
 
Utilities - 1.01% - -
 
Electricity - - 0.60% -
 
Conventional Electricity - - - 0.56%
 
Alternative Electricity - - - 0.04%
 
Gas, Water & Multi-utilities - - 0.39% -
 
Multi-Utilities - - - 0.26%
 
Water - - - 0.07%
 
Gas Distribution - - - 0.06%
 
Waste & Disposal Services - - 0.01% -
 
Waste & Disposal Services - - - 0.01%
 
Basic Materials 0.96% - - -
 
Basic Resources - 0.69% - -
 
Industrial Metals & Mining - - 0.61% -
 
General Mining - - - 0.46%
 
Iron & Steel - - - 0.10%
 
Copper - - - 0.02%
 
Aluminum - - - 0.01%
 
Metal Fabricating - - - 0.01%
 
Nonferrous Metals - - - 0.01%
 
Precious Metals & Mining - - 0.06% -
 
Gold Mining - - - 0.05%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.02% -
 
Paper - - - 0.01%
 
Diversified Materials - - - 0.01%
 
Textile Products - - - 0.00%
 
Forestry - - - 0.00%
 
Chemicals - 0.27% - -
 
Chemicals - - 0.27% -
 
Chemicals: Diversified - - - 0.17%
 
Specialty Chemicals - - - 0.08%
 
Fertilizers - - - 0.01%
 
Chemicals & Synthetic Fibers - - - 0.01%
 
Real Estate 0.85% - - -
 
Real Estate - 0.85% - -
 
Real Estate Investment Trusts - - 0.68% -
 
Diversified REITs - - - 0.18%
 
Industrial REITs - - - 0.12%
 
Infrastructure REITs - - - 0.09%
 
Residential REITs - - - 0.06%
 
Retail REITs - - - 0.06%
 
Office REITs - - - 0.05%
 
Other Specialty REITs - - - 0.04%
 
Storage REITs - - - 0.04%
 
Health Care REITs - - - 0.03%
 
Hotel & Lodging REITs - - - 0.01%
 
Timber REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.17% -
 
Real Estate Holding and Development - - - 0.14%
 
Real Estate Services - - - 0.04%
 
Telecommunications 0.56% - - -
 
Telecommunications - 0.56% - -
 
Telecommunications Service Providers - - 0.29% -
 
Telecommunications Services - - - 0.28%
 
Cable Television Services - - - 0.01%
 
Telecommunications Equipment - - 0.27% -
 
Telecommunications Equipment - - - 0.27%

Regional Allocation

pie chart
  North America 23.00%
  Developed Europe - Excl UK 18.67%
  UK 16.00%
  Non-Classified 19.90%
  Cash and Equivalents 9.09%
  Emerging Asia 4.28%
  Japan 1.91%
  South & Central America 1.88%
  Australia & New Zealand 1.39%
  Other Regions 3.88%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 41.79%
  Pound Sterling 27.03%
  US Dollar 20.43%
  Euro 8.97%
  Cash 0.46%
  Brazilian Real 0.14%
  Other Currencies 1.16%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 23.00% -
 
United States - 21.21%
 
Canada - 1.79%
 
Bermuda - 0.00%
 
Developed Europe - Excl UK 18.67% -
 
France - 4.76%
 
Netherlands - 3.13%
 
Germany - 3.07%
 
Luxembourg - 2.19%
 
Spain - 0.90%
 
Switzerland - 0.79%
 
Sweden - 0.71%
 
Italy - 0.68%
 
Finland - 0.58%
 
Denmark - 0.52%
 
Ireland - 0.49%
 
Norway - 0.39%
 
Belgium - 0.29%
 
Austria - 0.13%
 
Portugal - 0.02%
 
Liechtenstein - 0.01%
 
Iceland - 0.00%
 
UK 16.00% -
 
United Kingdom - 16.00%
 
Non-Classified 19.90% -
 
Cash and Equivalents 9.09% -
 
Emerging Asia 4.28% -
 
Taiwan - 0.94%
 
China - 0.92%
 
South Korea - 0.68%
 
Philippines - 0.48%
 
Indonesia - 0.33%
 
India - 0.32%
 
Malaysia - 0.22%
 
Thailand - 0.15%
 
Uzbekistan - 0.04%
 
Kazakhstan - 0.04%
 
Viet Nam - 0.04%
 
Azerbaijan - 0.03%
 
Mongolia - 0.02%
 
Georgia - 0.02%
 
Tajikistan - 0.02%
 
Armenia - 0.02%
 
Sri Lanka - 0.01%
 
Papua New Guinea - 0.01%
 
Pakistan - 0.00%
 
Macau - 0.00%
 
Japan 1.91% -
 
Japan - 1.91%
 
South & Central America 1.88% -
 
Mexico - 0.70%
 
Brazil - 0.28%
 
Colombia - 0.23%
 
Peru - 0.14%
 
Uruguay - 0.10%
 
Dominican Republic - 0.08%
 
Chile - 0.08%
 
Argentina - 0.04%
 
Guatemala - 0.04%
 
Paraguay - 0.03%
 
Trinidad and Tobago - 0.02%
 
Honduras - 0.02%
 
Panama - 0.02%
 
Costa Rica - 0.02%
 
Barbados - 0.02%
 
El Salvador - 0.01%
 
Jamaica - 0.01%
 
Ecuador - 0.01%
 
Cayman Islands - 0.01%
 
Venezuela - 0.00%
 
Bolivia - 0.00%
 
Australia & New Zealand 1.39% -
 
Australia - 1.33%
 
New Zealand - 0.06%
 
New Caledonia - 0.01%
 
Middle East & Africa 1.32% -
 
United Arab Emirates - 0.25%
 
Saudi Arabia - 0.23%
 
South Africa - 0.16%
 
Qatar - 0.14%
 
Cote D'Ivoire - 0.14%
 
Israel - 0.05%
 
Nigeria - 0.04%
 
Morocco - 0.04%
 
Oman - 0.03%
 
Egypt - 0.03%
 
Gabon - 0.03%
 
Senegal - 0.03%
 
Jordan - 0.03%
 
Benin - 0.02%
 
Angola - 0.02%
 
Kenya - 0.02%
 
Mozambique - 0.02%
 
Kuwait - 0.02%
 
Rwanda - 0.01%
 
Cameroon - 0.01%
 
Ghana - 0.01%
 
Iraq - 0.01%
 
Zambia - 0.01%
 
Ethiopia - 0.00%
 
Lebanon - 0.00%
 
Tunisia - 0.00%
 
Property 1.07% -
 
Developed Asia 0.81% -
 
Hong Kong - 0.53%
 
Singapore - 0.28%
 
Emerging Europe 0.68% -
 
Romania - 0.14%
 
Hungary - 0.13%
 
Poland - 0.11%
 
Turkey - 0.07%
 
Albania - 0.03%
 
Serbia - 0.03%
 
Slovakia (Slovak Republic) - 0.03%
 
Greece - 0.03%
 
Ukraine - 0.02%
 
Russian Federation - 0.02%
 
Croatia - 0.02%
 
Czech Republic - 0.02%
 
Bulgaria - 0.01%
 
Macedonia, The Former Yugoslav Republic Of - 0.01%
 
Bosnia and Herzegowina - 0.01%
 
Montenegro - 0.01%
 
Slovenia - 0.00%
 
Estonia - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
8.70%
Large
 
 
3.75%
Medium
 
 
2.04%
Small
 
 
0.32%
Micro
 
 
0.09%
Non-Classified
 
 
18.42%
Bonds
 
 
57.75%
Cash
 
 
8.93%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
27.20%
5Yr - 10Yr Maturity
 
 
14.95%
10Yr - 15Yr Maturity
 
 
4.74%
> 15Yr Maturity
 
 
10.85%
Cash And Equivalents
 
 
8.93%
Unknown Maturity
 
 
4.13%
Other Asset Types
 
 
29.20%

Fixed Interest Quality Profile

AAA
 
 
7.54%
AA
 
 
4.97%
A
 
 
16.39%
BBB
 
 
18.92%
Sub-Investment Grade
 
 
1.94%
Unknown Quality
 
 
8.00%
Cash and Equivalents
 
 
8.93%
Other Asset Types
 
 
33.32%

Top 10 Fund Holdings

Name % Weight Sector Country
1 BlackRock iShares Corporate Bond Index Class X 28.64% Managed Funds Managed Funds
2 BlackRock (Dublin) iShares US Corporate Bond Index Fund 16.33% Managed Funds Managed Funds
3 M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc 10.18% Managed Funds Managed Funds
4 BlackRock (Dublin) iShares ESG Screened Euro Corporate Bond Index Fund 8.24% Managed Funds Managed Funds
5 BlackRock iShares UK Equity Index Class X 4.76% Managed Funds Managed Funds
6 M&G Emerging Markets Bond Class PP GBP 3.46% Managed Funds Managed Funds
7 M&G (LUX) FCP Asian Local CCY Bond Class ZI 3.11% Managed Funds Managed Funds
8 BlackRock iShares Pacific ex Japan Equity Index Class X 2.79% Managed Funds Managed Funds
9 M&G Global High Yield Bond Class A GBP 2.37% Managed Funds Managed Funds
10 Legal & General European Index Trust C 1.87% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.61% Non-Classified Direct Property and REITs
2 L&G FREEHOLD PROPERTY 0.37% Non-Classified Non-Classified
3 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.37% Technology Hardware & Equipment Taiwan
4 SHELL 0.34% Non-Renewable Energy United Kingdom
5 ASTRAZENECA 0.32% Pharmaceuticals & Biotechnology United Kingdom
6 HSBC HOLDINGS 0.25% Banks United Kingdom
7 UNITED KINGDOM (GOVERNMENT OF) 0% 05/02/2024 0.25% Bonds United Kingdom
8 FTSE 100 IDX FUT Mar24 0.22% Non-Classified Non-Classified
9 UNILEVER 0.19% Personal Care, Drug & Grocery Stores United Kingdom
10 SAMSUNG ELECTRONICS CO. LTD 0.18% Telecommunications Equipment South Korea

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 BF232G1
Mex Code -
Isin Code GB00BF232G18
Citi Code JRQF

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.26%

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 9%. 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 9%. 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 0-35% 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 Crown Rating of 1

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

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
Email investorservices@linkgroup.co.uk
Homepage www.waystone.com
Fax number 0113 2246001

Dealing

Minimum Investment £500000
Minimum Top Up £10000
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.