PIA Conservative Managed USD Ser A

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 4.2% 7.1% -2.7% -8.2% 5.2%
Sector 2.7% 10.8% -4.3% -11.9% 7.0%
Rank 44/112 92/120 57/147 22/150 116/154
Quartile 2 4 2 1 4

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund -2.1% 1.0% 1.1%
Sector -3.3% 0.5% -0.2%
Rank 46/147 42/112 8/39
Quartile 2 2 1

Top 10 Holdings

Stock % Weight
CBT US 5YR NOT (CB Jun24 1.50
CBT US 2YR NOT (CB Jun24 1.44
US TRE 0.875% 30/06/2026 1.13
CBT US 5YR NOT (CB Jun24 1.12
MICROSOFT CORPORATION 0.75
US TRE NB 4% 30/06/2028 0.65
APPLE 0.61
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.56
US TRE N 2.75% 30/04/2027 0.56
US TRSY BOND 3.625% 08/43 0.52
Total 8.82

Fund Aims

Objective: The fund aims to maximise the total long term growth (the combination of income and growth of capital) in US Dollars.

Fund Investments: The fund will have a high exposure towards lower risk assets such as international fixed income funds and cash instruments. The fund also invests in international equity funds.

Fund Manager

M&G Treasury & Investment Office manager for 29 years and 8 months

Photo of M&G Treasury & Investment Office 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

Bid (28/03/2024) 1.79
Offer (28/03/2024) 1.88
Fund size (29/02/2024) $0.18m
Number of holdings 2908
Launch date 30/06/1994

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.04%
Yearly Total 1.79%

Asset Allocation

pie chart
  International Bonds 64.50%
  International Equities 22.51%
  UK Equities 3.80%
  Cash and Equivalents 3.04%
  UK Corporate Bonds 1.16%
  Property 0.38%
  Investment Trusts 0.04%
  Alternative Trading Strategies 0.00%
  Other Assets 4.56%
Portfolio data accurate as at: 29/02/24

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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 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 product charges, or 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 the fund's currency of denomination 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 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 64.50%
  International Equities 22.51%
  UK Equities 3.80%
  Cash and Equivalents 3.04%
  UK Corporate Bonds 1.16%
  Property 0.38%
  Investment Trusts 0.04%
  Alternative Trading Strategies 0.00%
  Other Assets 4.56%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 65.66% - - -
 
Technology 5.06% - - -
 
Technology - 5.06% - -
 
Technology Hardware & Equipment - - 2.71% -
 
Semiconductors - - - 1.60%
 
Computer Hardware - - - 0.70%
 
Production Technology Equipment - - - 0.28%
 
Electronic Components - - - 0.12%
 
Electronic Office Equipment - - - 0.02%
 
Software & Computer Services - - 2.34% -
 
Software - - - 1.15%
 
Consumer Digital Services - - - 0.91%
 
Computer Services - - - 0.29%
 
Financials 4.82% - - -
 
Banks - 2.53% - -
 
Banks - - 2.53% -
 
Banks - - - 2.53%
 
Financial Services - 1.25% - -
 
Investment Banking & Brokerage Services - - 0.98% -
 
Investment Services - - - 0.45%
 
Asset Managers & Custodians - - - 0.36%
 
Diversified Financial Services - - - 0.17%
 
Finance & Credit Services - - 0.23% -
 
Financial Data & Systems - - - 0.18%
 
Mortgage Finance - - - 0.04%
 
Consumer Lending - - - 0.02%
 
Equity Investment Instruments - - 0.04% -
 
Equity Investment Instruments - - - 0.04%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Insurance - 1.04% - -
 
Life Insurance - - 0.52% -
 
Life Insurance - - - 0.52%
 
Non-life Insurance - - 0.52% -
 
Full Line Insurance - - - 0.21%
 
Property & Casualty Insurance - - - 0.21%
 
Reinsurance - - - 0.08%
 
Insurance Brokers - - - 0.02%
 
Non-Classified 4.57% - - -
 
Non-Classified - 1.23% - -
 
Non-Classified - - 1.23% -
 
Non-Classified - - - 1.23%
 
Industrials 4.12% - - -
 
Industrial Goods & Services - 3.84% - -
 
Industrial Support Services - - 1.10% -
 
Transaction Processing Services - - - 0.37%
 
Professional Business Support Services - - - 0.35%
 
Industrial Suppliers - - - 0.23%
 
Business Training & Employment Agencies - - - 0.08%
 
Security Services - - - 0.07%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 0.93% -
 
Diversified Industrials - - - 0.68%
 
Containers & Packaging - - - 0.24%
 
Glass - - - 0.01%
 
Industrial Transportation - - 0.67% -
 
Marine Transportation - - - 0.26%
 
Transportation Services - - - 0.13%
 
Railroads - - - 0.12%
 
Delivery Services - - - 0.08%
 
Commercial Vehicles & Parts - - - 0.04%
 
Commercial Vehicle-Equipment Leasing - - - 0.02%
 
Trucking - - - 0.02%
 
Industrial Engineering - - 0.46% -
 
Machinery: Engines - - - 0.14%
 
Machinery: Tools - - - 0.11%
 
Machinery: Industrial - - - 0.10%
 
Machinery: Construction & Handling - - - 0.10%
 
Machinery: Agricultural - - - 0.01%
 
Machinery: Specialty - - - 0.00%
 
Electronic & Electrical Equipment - - 0.45% -
 
Electrical Components - - - 0.27%
 
Electronic Equipment: Gauges & Meters - - - 0.07%
 
Electronic Equipment: Pollution Control - - - 0.06%
 
Electronic Equipment: Control & Filter - - - 0.05%
 
Aerospace & Defence - - 0.24% -
 
Defense - - - 0.13%
 
Aerospace - - - 0.10%
 
Construction & Materials - 0.28% - -
 
Construction & Materials - - 0.28% -
 
Building: Climate Control - - - 0.10%
 
Building Materials: Other - - - 0.07%
 
Construction - - - 0.05%
 
Cement - - - 0.04%
 
Building, Roofing/Wallboard & Plumbing - - - 0.01%
 
Engineering & Contracting Services - - - 0.00%
 
Consumer Discretionary 3.89% - - -
 
Retail - 1.20% - -
 
Retailers - - 1.20% -
 
Diversified Retailers - - - 0.75%
 
Specialty Retailers - - - 0.17%
 
Apparel Retailers - - - 0.17%
 
Home Improvement Retailers - - - 0.11%
 
Automobiles & Parts - 1.02% - -
 
Automobiles & Parts - - 1.02% -
 
Automobiles - - - 0.81%
 
Auto Parts - - - 0.18%
 
Tires - - - 0.03%
 
Consumer Products & Services - 0.64% - -
 
Leisure Goods - - 0.22% -
 
Consumer Electronics - - - 0.13%
 
Electronic Entertainment - - - 0.03%
 
Photography - - - 0.03%
 
Recreational Vehicles & Boats - - - 0.02%
 
Recreational Products - - - 0.01%
 
Toys - - - 0.01%
 
Household Goods & Home Construction - - 0.18% -
 
Home Construction - - - 0.15%
 
Household Appliance - - - 0.03%
 
Household Equipment & Products - - - 0.00%
 
Household Furnishings - - - 0.00%
 
Personal Goods - - 0.14% -
 
Clothing & Accessories - - - 0.05%
 
Luxury Items - - - 0.03%
 
Cosmetics - - - 0.03%
 
Footwear - - - 0.02%
 
Consumer Services - - 0.10% -
 
Vending & Catering Service - - - 0.07%
 
Consumer Services: Misc. - - - 0.03%
 
Travel & Leisure - 0.60% - -
 
Travel & Leisure - - 0.60% -
 
Restaurants & Bars - - - 0.24%
 
Hotels & Motels - - - 0.15%
 
Casinos & Gambling - - - 0.11%
 
Airlines - - - 0.05%
 
Travel & Tourism - - - 0.04%
 
Recreational Services - - - 0.01%
 
Media - 0.42% - -
 
Media - - 0.42% -
 
Media Agencies - - - 0.12%
 
Entertainment - - - 0.11%
 
Publishing - - - 0.10%
 
Radio & TV Broadcasters - - - 0.09%
 
Cash and Equivalents 3.04% - - -
 
Health Care 2.37% - - -
 
Health Care - 2.37% - -
 
Pharmaceuticals & Biotechnology - - 1.70% -
 
Pharmaceuticals - - - 1.60%
 
Biotechnology - - - 0.10%
 
Medical Equipment & Services - - 0.48% -
 
Medical Equipment - - - 0.40%
 
Medical Supplies - - - 0.07%
 
Health Care Providers - - 0.19% -
 
Health Care Management Services - - - 0.19%
 
Health Care Services - - - 0.01%
 
Consumer Staples 1.42% - - -
 
Personal Care, Drug & Grocery Stores - 0.75% - -
 
Personal Care, Drug & Grocery Stores - - 0.75% -
 
Food Retailers & Wholesalers - - - 0.39%
 
Personal Products - - - 0.24%
 
Drug Retailers - - - 0.07%
 
Nondurable Household Products - - - 0.05%
 
Food, Beverage & Tobacco - 0.66% - -
 
Beverages - - 0.44% -
 
Soft Drinks - - - 0.30%
 
Distillers & Vintners - - - 0.08%
 
Brewers - - - 0.07%
 
Food Producers - - 0.22% -
 
Food Products - - - 0.22%
 
Farming, Fishing, Ranching & Plantations - - - 0.00%
 
Telecommunications 1.25% - - -
 
Telecommunications - 1.25% - -
 
Telecommunications Equipment - - 0.68% -
 
Telecommunications Equipment - - - 0.68%
 
Telecommunications Service Providers - - 0.57% -
 
Telecommunications Services - - - 0.55%
 
Cable Television Services - - - 0.01%
 
Basic Materials 1.09% - - -
 
Basic Resources - 0.61% - -
 
Industrial Metals & Mining - - 0.51% -
 
General Mining - - - 0.31%
 
Iron & Steel - - - 0.16%
 
Copper - - - 0.02%
 
Metal Fabricating - - - 0.01%
 
Aluminum - - - 0.00%
 
Industrial Materials - - 0.08% -
 
Paper - - - 0.05%
 
Diversified Materials - - - 0.02%
 
Forestry - - - 0.00%
 
Precious Metals & Mining - - 0.03% -
 
Gold Mining - - - 0.03%
 
Platinum & Precious Metals - - - 0.00%
 
Diamonds & Gemstones - - - 0.00%
 
Chemicals - 0.48% - -
 
Chemicals - - 0.48% -
 
Chemicals: Diversified - - - 0.38%
 
Specialty Chemicals - - - 0.07%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Fertilizers - - - 0.01%
 
Energy 1.02% - - -
 
Energy - 1.02% - -
 
Non-Renewable Energy - - 1.00% -
 
Integrated Oil & Gas - - - 0.55%
 
Oil: Crude Producers - - - 0.22%
 
Oil Refining and Marketing - - - 0.14%
 
Oil Equipment & Services - - - 0.08%
 
Pipelines - - - 0.01%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.02% -
 
Renewable Energy Equipment - - - 0.02%
 
Real Estate 0.96% - - -
 
Real Estate - 0.96% - -
 
Real Estate Investment Trusts - - 0.50% -
 
Industrial REITs - - - 0.10%
 
Retail REITs - - - 0.10%
 
Residential REITs - - - 0.07%
 
Diversified REITs - - - 0.06%
 
Timber REITs - - - 0.05%
 
Office REITs - - - 0.04%
 
Health Care REITs - - - 0.03%
 
Storage REITs - - - 0.02%
 
Other Specialty REITs - - - 0.02%
 
Hotel & Lodging REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.46% -
 
Real Estate Holding and Development - - - 0.30%
 
Real Estate Services - - - 0.16%
 
Utilities 0.73% - - -
 
Utilities - 0.73% - -
 
Electricity - - 0.40% -
 
Conventional Electricity - - - 0.39%
 
Alternative Electricity - - - 0.01%
 
Gas, Water & Multi-utilities - - 0.29% -
 
Multi-Utilities - - - 0.26%
 
Water - - - 0.03%
 
Waste & Disposal Services - - 0.04% -
 
Waste & Disposal Services - - - 0.04%
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  North America 72.02%
  UK 4.96%
  Developed Europe - Excl UK 4.95%
  Non-Classified 5.15%
  Emerging Asia 3.74%
  Cash and Equivalents 3.04%
  Japan 2.97%
  Developed Asia 1.74%
  Australia & New Zealand 0.96%
  Other Regions 0.46%

Fixed Interest Currencies

pie chart
  US Dollar 65.40%
  Non-Fixed Interest Assets 31.30%
  Cash 3.04%
  Euro 0.20%
  Canadian Dollar 0.06%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 72.02% -
 
United States - 70.90%
 
Canada - 1.12%
 
UK 4.96% -
 
United Kingdom - 4.97%
 
Developed Europe - Excl UK 4.95% -
 
France - 0.96%
 
Germany - 0.74%
 
Switzerland - 0.67%
 
Ireland - 0.62%
 
Netherlands - 0.51%
 
Spain - 0.29%
 
Denmark - 0.29%
 
Sweden - 0.24%
 
Finland - 0.16%
 
Italy - 0.12%
 
Luxembourg - 0.11%
 
Norway - 0.10%
 
Belgium - 0.09%
 
Austria - 0.06%
 
Portugal - 0.00%
 
Non-Classified 5.15% -
 
Emerging Asia 3.74% -
 
South Korea - 1.18%
 
China - 0.82%
 
Taiwan - 0.75%
 
India - 0.45%
 
Indonesia - 0.30%
 
Thailand - 0.16%
 
Malaysia - 0.06%
 
Philippines - 0.03%
 
Cash and Equivalents 3.04% -
 
Japan 2.97% -
 
Japan - 2.97%
 
Developed Asia 1.74% -
 
Hong Kong - 1.16%
 
Singapore - 0.57%
 
Australia & New Zealand 0.96% -
 
Australia - 0.91%
 
New Zealand - 0.05%
 
Property 0.38% -
 
Middle East & Africa 0.06% -
 
Saudi Arabia - 0.05%
 
Israel - 0.01%
 
Emerging Europe 0.02% -
 
Turkey - 0.01%
 
Greece - 0.00%
 
Poland - 0.00%
 
Hungary - 0.00%
 
Czech Republic - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
16.05%
Large
 
 
6.39%
Medium
 
 
2.41%
Small
 
 
0.22%
Micro
 
 
0.05%
Non-Classified
 
 
6.19%
Bonds
 
 
65.66%
Cash
 
 
3.04%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
36.19%
5Yr - 10Yr Maturity
 
 
15.76%
10Yr - 15Yr Maturity
 
 
1.91%
> 15Yr Maturity
 
 
11.80%
Cash And Equivalents
 
 
3.04%
Unknown Maturity
 
 
3.35%
Other Asset Types
 
 
27.96%

Fixed Interest Quality Profile

AAA
 
 
32.53%
AA
 
 
1.05%
A
 
 
12.50%
BBB
 
 
13.76%
Sub-Investment Grade
 
 
2.98%
Unknown Quality
 
 
2.85%
Cash and Equivalents
 
 
3.04%
Other Asset Types
 
 
31.30%

Fund Holdings

Name % Weight Sector Country
1 M&G (1) US Corporate Bond - 28.87% Managed Funds Managed Funds
2 Vanguard US Government Bond Index Acc 28.73% Managed Funds Managed Funds
3 M&G (1) US Short Duration Corporate Bond - 12.40% Managed Funds Managed Funds
4 M&G (ACS) Blackrock US Equity Z3A Acc 9.74% Managed Funds Managed Funds
5 M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A 6.81% Managed Funds Managed Funds
6 PIA UK Equity Ser A 4.12% Managed Funds Managed Funds
7 PIA European Equity Ser B 3.69% Managed Funds Managed Funds
8 M&G (ACS) Japan Equity Fund Z3A Acc 2.78% Managed Funds Managed Funds
9 PIA US Deposit USD Ser A 1.34% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 CBT US 5YR NOT (CB Jun24 1.50% Non-Classified Non-Classified
2 CBT US 2YR NOT (CB Jun24 1.44% Non-Classified Non-Classified
3 US TRE 0.875% 30/06/2026 1.13% Bonds United States
4 CBT US 5YR NOT (CB Jun24 1.12% Non-Classified Non-Classified
5 MICROSOFT CORPORATION 0.75% Software & Computer Services United States
6 US TRE NB 4% 30/06/2028 0.65% Bonds United States
7 APPLE 0.61% Technology Hardware & Equipment United States
8 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.56% Technology Hardware & Equipment Taiwan
9 US TRE N 2.75% 30/04/2027 0.56% Bonds United States
10 US TRSY BOND 3.625% 08/43 0.52% Bonds United States

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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).

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 0794659
Mex Code SBECD
Isin Code IE0007946597
Citi Code SY40

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.04%
Yearly Total 1.79%

Aims and Benchmark

Aims Objective: The fund aims to maximise the total long term growth (the combination of income and growth of capital) in US Dollars. Fund Investments: The fund will have a high exposure towards lower risk assets such as international fixed income funds and cash instruments. The fund also invests in international equity funds.
Benchmark Composite
Sector OI Mixed Investment 0-35% Shares

Ratings

FE Crown Crown Rating of 4

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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).

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.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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 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 product charges, or 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 the fund's currency of denomination 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 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.

The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.