Prudential Discretionary S1
Performance
Discrete performance - to latest available quarter end
| 30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
30/06/24 to 30/06/25 |
|
|---|---|---|---|---|---|
| Fund | 19.7% | -7.2% | 2.8% | 11.8% | 6.7% |
| Benchmark | 15.2% | -3.4% | 5.1% | 11.5% | 7.7% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2025 |
3 Years to 30/06/25 |
5 Years to 30/06/25 |
10 Years to 30/06/25 |
|
| Fund | 4.3% | 7.0% | 6.4% | 6.2% |
| Benchmark | 4.1% | 8.1% | 7.0% | 6.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| M&G EUROPEAN PROPERTY FUND EUR G A | 1.31 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.86 |
| ASTRAZENECA | 0.85 |
| GBP FWD ASSET 09 JUN 2025 | 0.84 |
| Segro Segro Ord GBP0.1 | 0.79 |
| iShares iShares II plc US Property Yield UCITS ETF USD (Dist) | 0.74 |
| HSBC HOLDINGS | 0.67 |
| TENCENT HOLDINGS LIMITED | 0.57 |
| UNILEVER | 0.54 |
| SHELL | 0.49 |
| Total | 7.66 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP Discretionary Fund - the underlying fund.
Underlying Fund Objective: The fund provides a multi-asset approach to investment, holding a mix of UK and overseas company shares, bonds, property, cash plus listed alternative assets primarily through other M&G funds or direct holdings. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To outperform the internal composite benchmark by 1.15%-1.40% a year (before charges) on a rolling three year basis.
Fund Manager
With access to investment professionals around the world, 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 (27/06/2025) | 10.21 |
| Offer (27/06/2025) | 10.74 |
| Fund size (31/05/2025) | £383.41m |
| Underlying Fund size | £459.05m |
| Number of holdings | 8821 |
| Launch date | 02/07/1991 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.08% |
| Yearly Total | 0.83% |
Asset Allocation
| International Equities | 40.57% | |
| UK Equities | 18.02% | |
| International Bonds | 11.91% | |
| Cash and Equivalents | 8.82% | |
| Property | 4.36% | |
| UK Corporate Bonds | 2.80% | |
| Investment Trusts | 1.18% | |
| UK Gilts | 0.98% | |
| Alternative Trading Strategies | 0.07% | |
| Other Assets | 11.31% |
Commentary
Performance as at Q1 2025 - Going into 2025, the global economic outlook was initially positive, but proposals for broad trade tariffs by the new US administration brought about significant economic uncertainty. Despite moderating, inflation in major economies remained above central bank targets. The Federal Reserve (Fed) opted to hold interest rates steady at 4.25% to 4.5% in the quarter, the Bank of England (BoE) cut interest rates by 0.25 percentage points to 4.5% and the European Central Bank (ECB) reduced its key interest rate twice, bringing the deposit rate to 2.5%. The fund rose slightly in the quarter and was behind the benchmark but ahead of the comparator. In absolute terms, the larger weights in UK and European (ex UK) equity holdings drove performance, with China and emerging markets making modest gains, while North America, Japan, India, and Asia (ex Japan) detracted, all in sterling terms. Global equity markets had a volatile first quarter. The US stockmarket declined due to new tariff measures and growing concerns about valuations of big technology firms. The S&P 500 saw its most significant quarterly drop since the third quarter of 2022 (in US dollars). Notably, the ‘Magnificent Seven’ group of mega-cap US tech stocks, which have driven the market lately, were weak and lost nearly US$2 trillion in market value. The UK stockmarket started 2025 with positive momentum. The FTSE All-Share Index hit an all-time high and returned 4.5%, ahead of the US and global market which ended the quarter in negative territory (in sterling terms). As confidence in the US appeared to wane, investors looked favourably on UK equities, which have lagged significantly in recent years. However, worries about President Trump’s proposed tariff plans curbed investor risk appetite towards the end of the period. European equities made a positive start to the year with solid gains in the first quarter. Investors were encouraged by the prospect of fiscal stimulus in Germany and increased defence spending on the continent. Europe was one of the leading markets globally and outperformed the US by a wide margin. Better-performing markets in the Asia Pacific ex Japan region in the first quarter included China, South Korea and Singapore. China’s share rally was initially driven by investors piling into the country’s technology companies following the announcement of DeepSeek’s artificial intelligence (AI) breakthrough in late January. As the quarter progressed, the technology rally broadened out to other areas. The Japanese stockmarket fell in the first quarter of 2025 in local currency terms as a strong yen and fears about global growth weighed on investors’ minds. However, the strength of the currency enhanced returns for non-yen-based investors. Emerging market equities rose in the first quarter and outperformed the global market index. In relative terms, stockpicking in Europe (ex UK), Asia (ex Japan) and China was modestly supportive, while stock picks in the UK and the US held back returns. In terms of fixed income, rising risk aversion and recession fears drove the price of US Treasuries higher, with the 10-year yield moving down to 4.2% from 4.6% at the start of the year. The price of UK government bonds (gilts) fell slightly over the quarter (yields rose). Concurrently, Germany's suspension of its so-called debt brake to increase defence spending pushed up government bond yields. Corporate bonds were relatively resilient in the quarter, with US corporate debt outperforming. The fund’s allocation to fixed income contributed some performance, in absolute terms, as did the positions in real estate and alternative assets.
Source: M&G
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 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
| International Equities | 40.57% | |
| UK Equities | 18.02% | |
| International Bonds | 11.91% | |
| Cash and Equivalents | 8.82% | |
| Property | 4.36% | |
| UK Corporate Bonds | 2.80% | |
| Investment Trusts | 1.18% | |
| UK Gilts | 0.98% | |
| Alternative Trading Strategies | 0.07% | |
| Other Assets | 11.31% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 15.69% | - | - | - | |
| Financials | 14.35% | - | - | - | |
| Banks | - | 7.07% | - | - | |
| Banks | - | - | 7.07% | - | |
| Banks | - | - | - | 7.07% | |
| Financial Services | - | 4.44% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.49% | - | |
| Asset Managers & Custodians | - | - | - | 1.39% | |
| Investment Services | - | - | - | 0.86% | |
| Diversified Financial Services | - | - | - | 0.24% | |
| Equity Investment Instruments | - | - | 1.18% | - | |
| Equity Investment Instruments | - | - | - | 1.18% | |
| Finance & Credit Services | - | - | 0.77% | - | |
| Financial Data & Systems | - | - | - | 0.42% | |
| Consumer Lending | - | - | - | 0.23% | |
| Mortgage Finance | - | - | - | 0.12% | |
| Nonequity Investment Instruments | - | - | 0.00% | - | |
| Nonequity Investment Instruments | - | - | - | 0.00% | |
| Insurance | - | 2.84% | - | - | |
| Life Insurance | - | - | 1.47% | - | |
| Life Insurance | - | - | - | 1.47% | |
| Non-life Insurance | - | - | 1.37% | - | |
| Property & Casualty Insurance | - | - | - | 0.71% | |
| Full Line Insurance | - | - | - | 0.34% | |
| Reinsurance | - | - | - | 0.18% | |
| Insurance Brokers | - | - | - | 0.15% | |
| Non-Classified | 12.20% | - | - | - | |
| Non-Classified | - | 7.22% | - | - | |
| Non-Classified | - | - | 7.22% | - | |
| Non-Classified | - | - | - | 7.22% | |
| Industrials | 9.11% | - | - | - | |
| Industrial Goods & Services | - | 8.19% | - | - | |
| Industrial Transportation | - | - | 2.12% | - | |
| Railroads | - | - | - | 0.90% | |
| Transportation Services | - | - | - | 0.41% | |
| Marine Transportation | - | - | - | 0.29% | |
| Commercial Vehicles & Parts | - | - | - | 0.21% | |
| Delivery Services | - | - | - | 0.17% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.12% | |
| Railroad Equipment | - | - | - | 0.02% | |
| Trucking | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 1.70% | - | |
| Professional Business Support Services | - | - | - | 0.57% | |
| Industrial Suppliers | - | - | - | 0.54% | |
| Transaction Processing Services | - | - | - | 0.25% | |
| Business Training & Employment Agencies | - | - | - | 0.22% | |
| Security Services | - | - | - | 0.12% | |
| Aerospace & Defence | - | - | 1.22% | - | |
| Aerospace | - | - | - | 0.64% | |
| Defense | - | - | - | 0.59% | |
| General Industrials | - | - | 1.21% | - | |
| Diversified Industrials | - | - | - | 0.85% | |
| Containers & Packaging | - | - | - | 0.31% | |
| Plastics | - | - | - | 0.03% | |
| Glass | - | - | - | 0.02% | |
| Electronic & Electrical Equipment | - | - | 1.06% | - | |
| Electrical Components | - | - | - | 0.51% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.26% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.22% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.03% | |
| Electronic Equipment: Other | - | - | - | 0.03% | |
| Industrial Engineering | - | - | 0.87% | - | |
| Machinery: Industrial | - | - | - | 0.32% | |
| Machinery: Construction & Handling | - | - | - | 0.26% | |
| Machinery: Engines | - | - | - | 0.15% | |
| Machinery: Tools | - | - | - | 0.07% | |
| Machinery: Specialty | - | - | - | 0.05% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Construction & Materials | - | 0.92% | - | - | |
| Construction & Materials | - | - | 0.92% | - | |
| Building Materials: Other | - | - | - | 0.30% | |
| Construction | - | - | - | 0.25% | |
| Cement | - | - | - | 0.19% | |
| Building: Climate Control | - | - | - | 0.08% | |
| Engineering & Contracting Services | - | - | - | 0.07% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.03% | |
| Cash and Equivalents | 8.82% | - | - | - | |
| Consumer Discretionary | 7.72% | - | - | - | |
| Retail | - | 2.12% | - | - | |
| Retailers | - | - | 2.12% | - | |
| Diversified Retailers | - | - | - | 1.20% | |
| Specialty Retailers | - | - | - | 0.44% | |
| Home Improvement Retailers | - | - | - | 0.28% | |
| Apparel Retailers | - | - | - | 0.20% | |
| Consumer Products & Services | - | 1.71% | - | - | |
| Household Goods & Home Construction | - | - | 0.66% | - | |
| Home Construction | - | - | - | 0.50% | |
| Household Appliance | - | - | - | 0.12% | |
| Household Equipment & Products | - | - | - | 0.03% | |
| Household Furnishings | - | - | - | 0.01% | |
| Leisure Goods | - | - | 0.45% | - | |
| Consumer Electronics | - | - | - | 0.19% | |
| Electronic Entertainment | - | - | - | 0.13% | |
| Toys | - | - | - | 0.06% | |
| Recreational Vehicles & Boats | - | - | - | 0.04% | |
| Photography | - | - | - | 0.03% | |
| Recreational Products | - | - | - | 0.01% | |
| Personal Goods | - | - | 0.38% | - | |
| Clothing & Accessories | - | - | - | 0.18% | |
| Luxury Items | - | - | - | 0.09% | |
| Footwear | - | - | - | 0.06% | |
| Cosmetics | - | - | - | 0.05% | |
| Consumer Services | - | - | 0.22% | - | |
| Vending & Catering Service | - | - | - | 0.14% | |
| Consumer Services: Misc. | - | - | - | 0.08% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Education Services | - | - | - | 0.00% | |
| Travel & Leisure | - | 1.71% | - | - | |
| Travel & Leisure | - | - | 1.71% | - | |
| Hotels & Motels | - | - | - | 0.64% | |
| Restaurants & Bars | - | - | - | 0.39% | |
| Airlines | - | - | - | 0.32% | |
| Casinos & Gambling | - | - | - | 0.21% | |
| Travel & Tourism | - | - | - | 0.12% | |
| Recreational Services | - | - | - | 0.03% | |
| Automobiles & Parts | - | 1.43% | - | - | |
| Automobiles & Parts | - | - | 1.43% | - | |
| Automobiles | - | - | - | 0.99% | |
| Auto Parts | - | - | - | 0.44% | |
| Media | - | 0.74% | - | - | |
| Media | - | - | 0.74% | - | |
| Media Agencies | - | - | - | 0.37% | |
| Publishing | - | - | - | 0.14% | |
| Entertainment | - | - | - | 0.11% | |
| Radio & TV Broadcasters | - | - | - | 0.11% | |
| Technology | 6.80% | - | - | - | |
| Technology | - | 6.80% | - | - | |
| Software & Computer Services | - | - | 3.68% | - | |
| Consumer Digital Services | - | - | - | 1.50% | |
| Computer Services | - | - | - | 1.11% | |
| Software | - | - | - | 1.06% | |
| Technology Hardware & Equipment | - | - | 3.12% | - | |
| Semiconductors | - | - | - | 2.09% | |
| Computer Hardware | - | - | - | 0.37% | |
| Electronic Components | - | - | - | 0.33% | |
| Production Technology Equipment | - | - | - | 0.32% | |
| Electronic Office Equipment | - | - | - | 0.02% | |
| Real Estate | 6.07% | - | - | - | |
| Real Estate | - | 6.07% | - | - | |
| Real Estate Investment Trusts | - | - | 4.94% | - | |
| Diversified REITs | - | - | - | 1.46% | |
| Industrial REITs | - | - | - | 0.96% | |
| Residential REITs | - | - | - | 0.49% | |
| Office REITs | - | - | - | 0.45% | |
| Retail REITs | - | - | - | 0.35% | |
| Health Care REITs | - | - | - | 0.34% | |
| Storage REITs | - | - | - | 0.32% | |
| Other Specialty REITs | - | - | - | 0.29% | |
| Infrastructure REITs | - | - | - | 0.25% | |
| Timber REITs | - | - | - | 0.03% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Real Estate Investment & Services | - | - | 1.13% | - | |
| Real Estate Holding and Development | - | - | - | 0.84% | |
| Real Estate Services | - | - | - | 0.30% | |
| Consumer Staples | 3.97% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.01% | - | - | |
| Beverages | - | - | 1.06% | - | |
| Soft Drinks | - | - | - | 0.43% | |
| Distillers & Vintners | - | - | - | 0.39% | |
| Brewers | - | - | - | 0.24% | |
| Food Producers | - | - | 0.94% | - | |
| Food Products | - | - | - | 0.94% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Fruit & Grain Processing | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 1.96% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.96% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.84% | |
| Personal Products | - | - | - | 0.67% | |
| Nondurable Household Products | - | - | - | 0.30% | |
| Drug Retailers | - | - | - | 0.16% | |
| Utilities | 3.82% | - | - | - | |
| Utilities | - | 3.82% | - | - | |
| Electricity | - | - | 2.06% | - | |
| Conventional Electricity | - | - | - | 1.99% | |
| Alternative Electricity | - | - | - | 0.07% | |
| Gas, Water & Multi-utilities | - | - | 1.70% | - | |
| Multi-Utilities | - | - | - | 1.16% | |
| Water | - | - | - | 0.34% | |
| Gas Distribution | - | - | - | 0.19% | |
| Waste & Disposal Services | - | - | 0.06% | - | |
| Waste & Disposal Services | - | - | - | 0.06% | |
| Health Care | 3.81% | - | - | - | |
| Health Care | - | 3.81% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.82% | - | |
| Pharmaceuticals | - | - | - | 2.56% | |
| Biotechnology | - | - | - | 0.26% | |
| Medical Equipment & Services | - | - | 0.64% | - | |
| Medical Equipment | - | - | - | 0.48% | |
| Medical Supplies | - | - | - | 0.14% | |
| Medical Services | - | - | - | 0.02% | |
| Health Care Providers | - | - | 0.34% | - | |
| Health Care Management Services | - | - | - | 0.21% | |
| Health Care Facilities | - | - | - | 0.09% | |
| Health Care Services | - | - | - | 0.04% | |
| Energy | 2.89% | - | - | - | |
| Energy | - | 2.89% | - | - | |
| Non-Renewable Energy | - | - | 2.80% | - | |
| Integrated Oil & Gas | - | - | - | 1.33% | |
| Pipelines | - | - | - | 0.79% | |
| Oil Refining and Marketing | - | - | - | 0.28% | |
| Oil: Crude Producers | - | - | - | 0.25% | |
| Oil Equipment & Services | - | - | - | 0.14% | |
| Offshore Drilling & Other Services | - | - | - | 0.01% | |
| Coal | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.10% | - | |
| Renewable Energy Equipment | - | - | - | 0.08% | |
| Alternative Fuels | - | - | - | 0.02% | |
| Telecommunications | 2.41% | - | - | - | |
| Telecommunications | - | 2.41% | - | - | |
| Telecommunications Service Providers | - | - | 1.62% | - | |
| Telecommunications Services | - | - | - | 1.60% | |
| Cable Television Services | - | - | - | 0.02% | |
| Telecommunications Equipment | - | - | 0.79% | - | |
| Telecommunications Equipment | - | - | - | 0.79% | |
| Basic Materials | 2.27% | - | - | - | |
| Basic Resources | - | 1.46% | - | - | |
| Industrial Metals & Mining | - | - | 1.09% | - | |
| General Mining | - | - | - | 0.52% | |
| Iron & Steel | - | - | - | 0.38% | |
| Copper | - | - | - | 0.11% | |
| Metal Fabricating | - | - | - | 0.06% | |
| Aluminum | - | - | - | 0.02% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.29% | - | |
| Gold Mining | - | - | - | 0.28% | |
| Platinum & Precious Metals | - | - | - | 0.02% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.07% | - | |
| Paper | - | - | - | 0.06% | |
| Diversified Materials | - | - | - | 0.02% | |
| Chemicals | - | 0.81% | - | - | |
| Chemicals | - | - | 0.81% | - | |
| Chemicals: Diversified | - | - | - | 0.49% | |
| Specialty Chemicals | - | - | - | 0.20% | |
| Fertilizers | - | - | - | 0.07% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.04% | |
| Alternative Trading Strategies | 0.07% | - | - | - | |
| Alternative Trading Strategies | - | 0.07% | - | - | |
| Alternative Trading Strategies | - | - | 0.07% | - | |
| Alternative Trading Strategies | - | - | - | 0.07% | |
Regional Allocation
| UK | 21.77% | |
| North America | 19.42% | |
| Developed Europe - Excl UK | 11.39% | |
| Emerging Asia | 10.46% | |
| Cash and Equivalents | 8.82% | |
| Non-Classified | 13.75% | |
| Japan | 4.60% | |
| Property | 4.35% | |
| Developed Asia | 3.00% | |
| Other Regions | 2.42% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 75.57% | |
| Cash | 8.74% | |
| US Dollar | 6.99% | |
| Pound Sterling | 5.75% | |
| Euro | 2.49% | |
| Rand | 0.05% | |
| Other Currencies | 0.37% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 21.77% | - | |
United Kingdom
|
- | 21.79% | |
| North America | 19.42% | - | |
United States
|
- | 17.70% | |
Canada
|
- | 1.73% | |
| Developed Europe - Excl UK | 11.39% | - | |
Germany
|
- | 2.44% | |
France
|
- | 2.36% | |
Switzerland
|
- | 1.13% | |
Netherlands
|
- | 1.08% | |
Ireland
|
- | 0.84% | |
Spain
|
- | 0.65% | |
Sweden
|
- | 0.47% | |
Italy
|
- | 0.46% | |
Denmark
|
- | 0.45% | |
Luxembourg
|
- | 0.41% | |
Belgium
|
- | 0.30% | |
Finland
|
- | 0.29% | |
Austria
|
- | 0.22% | |
Norway
|
- | 0.18% | |
Portugal
|
- | 0.06% | |
Iceland
|
- | 0.03% | |
| Emerging Asia | 10.46% | - | |
China
|
- | 3.50% | |
India
|
- | 2.66% | |
South Korea
|
- | 1.55% | |
Taiwan
|
- | 1.34% | |
Indonesia
|
- | 0.63% | |
Thailand
|
- | 0.42% | |
Malaysia
|
- | 0.15% | |
Philippines
|
- | 0.11% | |
Uzbekistan
|
- | 0.03% | |
Tajikistan
|
- | 0.01% | |
Papua New Guinea
|
- | 0.01% | |
Viet Nam
|
- | 0.01% | |
Georgia
|
- | 0.01% | |
Pakistan
|
- | 0.01% | |
Azerbaijan
|
- | 0.01% | |
Kazakhstan
|
- | 0.01% | |
Sri Lanka
|
- | 0.00% | |
Kyrgyzstan
|
- | 0.00% | |
Macau
|
- | 0.00% | |
Mongolia
|
- | 0.00% | |
| Cash and Equivalents | 8.82% | - | |
| Non-Classified | 13.75% | - | |
| Japan | 4.60% | - | |
Japan
|
- | 4.60% | |
| Property | 4.35% | - | |
| Developed Asia | 3.00% | - | |
Hong Kong
|
- | 2.16% | |
Singapore
|
- | 0.84% | |
| Australia & New Zealand | 0.78% | - | |
Australia
|
- | 0.75% | |
New Caledonia
|
- | 0.02% | |
New Zealand
|
- | 0.01% | |
| South & Central America | 0.73% | - | |
Brazil
|
- | 0.25% | |
Mexico
|
- | 0.20% | |
Peru
|
- | 0.05% | |
Colombia
|
- | 0.05% | |
Argentina
|
- | 0.05% | |
Chile
|
- | 0.03% | |
Dominican Republic
|
- | 0.03% | |
Paraguay
|
- | 0.01% | |
Venezuela
|
- | 0.01% | |
Uruguay
|
- | 0.01% | |
Cayman Islands
|
- | 0.01% | |
Guatemala
|
- | 0.01% | |
Barbados
|
- | 0.01% | |
Jamaica
|
- | 0.01% | |
Suriname
|
- | 0.01% | |
Ecuador
|
- | 0.00% | |
Honduras
|
- | 0.00% | |
Virgin Islands (British)
|
- | 0.00% | |
El Salvador
|
- | 0.00% | |
Trinidad and Tobago
|
- | 0.00% | |
Costa Rica
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
| Middle East & Africa | 0.56% | - | |
South Africa
|
- | 0.17% | |
United Arab Emirates
|
- | 0.09% | |
Israel
|
- | 0.07% | |
Saudi Arabia
|
- | 0.06% | |
Egypt
|
- | 0.02% | |
Nigeria
|
- | 0.02% | |
Iraq
|
- | 0.02% | |
Benin
|
- | 0.02% | |
Cote D'Ivoire
|
- | 0.01% | |
Ghana
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Morocco
|
- | 0.01% | |
Qatar
|
- | 0.01% | |
Rwanda
|
- | 0.00% | |
Oman
|
- | 0.00% | |
Kenya
|
- | 0.00% | |
Angola
|
- | 0.00% | |
Mozambique
|
- | 0.00% | |
Senegal
|
- | 0.00% | |
Jordan
|
- | 0.00% | |
Tunisia
|
- | 0.00% | |
Gabon
|
- | 0.00% | |
Kuwait
|
- | 0.00% | |
Togo
|
- | 0.00% | |
Ethiopia
|
- | 0.00% | |
Lebanon
|
- | 0.00% | |
| Emerging Europe | 0.35% | - | |
Greece
|
- | 0.10% | |
Poland
|
- | 0.06% | |
Turkey
|
- | 0.06% | |
Hungary
|
- | 0.05% | |
Romania
|
- | 0.02% | |
Ukraine
|
- | 0.02% | |
Serbia
|
- | 0.01% | |
Czech Republic
|
- | 0.01% | |
Montenegro
|
- | 0.00% | |
Bulgaria
|
- | 0.00% | |
Bosnia and Herzegowina
|
- | 0.00% | |
Slovenia
|
- | 0.00% | |
Albania
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
26.83% |
| Large |
|
16.22% |
| Medium |
|
11.63% |
| Small |
|
2.18% |
| Micro |
|
0.27% |
| Non-Classified |
|
18.36% |
| Bonds |
|
15.69% |
| Cash |
|
8.82% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G PP UK Equity Fund | 18.03% | Managed Funds | Managed Funds |
| 2 | M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A | 9.10% | Managed Funds | Managed Funds |
| 3 | M&G (LUX) FCP Europe ex UK Equity Fund Z2A Acc | 4.30% | Managed Funds | Managed Funds |
| 4 | M&G (LUX) ASIAN BD ALLO GBP Z2A AC | 4.19% | Managed Funds | Managed Funds |
| 5 | M&G (1) US Corporate Bond Class Z2A GBP | 4.07% | Managed Funds | Managed Funds |
| 6 | M&G (ACS) BlackRock US Equity 2 Z2A GBP ACC | 3.94% | Managed Funds | Managed Funds |
| 7 | M&G (ACS) Japan Equity Fund Z2A Acc | 3.87% | Managed Funds | Managed Funds |
| 8 | iShares iShares II plc UK Property UCITS ETF GBP (Dist) | 3.69% | Managed Funds | Managed Funds |
| 9 | Legal & General Global Infrastructure Index Class C | 3.67% | Managed Funds | Managed Funds |
| 10 | M&G Total Return Credit Investment Class PP GBP | 3.48% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G EUROPEAN PROPERTY FUND EUR G A | 1.31% | Non-Classified | Non-Classified |
| 2 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.86% | Technology Hardware & Equipment | Taiwan |
| 3 | ASTRAZENECA | 0.85% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | GBP FWD ASSET 09 JUN 2025 | 0.84% | Non-Classified | Non-Classified |
| 5 | Segro Segro Ord GBP0.1 | 0.79% | Real Estate Investment Trusts | Direct Property and REITs |
| 6 | iShares iShares II plc US Property Yield UCITS ETF USD (Dist) | 0.74% | Non-Classified | Direct Property and REITs |
| 7 | HSBC HOLDINGS | 0.67% | Banks | United Kingdom |
| 8 | TENCENT HOLDINGS LIMITED | 0.57% | Software & Computer Services | China |
| 9 | UNILEVER | 0.54% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 10 | SHELL | 0.49% | Non-Renewable Energy | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.84% | 5.97% | - | - | - | - | - | - | 6.80% |
| Telecommunications | 0.21% | 2.20% | - | 0.12% | - | - | - | - | 2.53% |
| Financials | 4.30% | 8.86% | - | - | - | - | 1.18% | - | 14.35% |
| Real Estate | 1.30% | 1.16% | - | - | - | 3.62% | - | - | 6.07% |
| Consumer Discretionary | 2.56% | 5.16% | - | - | - | - | 0.02% | - | 7.73% |
| Consumer Staples | 1.89% | 2.08% | - | - | - | - | - | - | 3.97% |
| Energy | 0.93% | 1.96% | - | - | - | - | - | - | 2.89% |
| Utilities | 0.96% | 2.86% | - | - | - | - | - | - | 3.82% |
| Health Care | 1.45% | 2.35% | - | - | - | - | - | - | 3.81% |
| Industrials | 2.58% | 6.54% | - | - | - | - | 0.01% | - | 9.12% |
| Basic Materials | 0.91% | 1.36% | - | - | - | - | - | - | 2.27% |
| Cash and Equivalents | - | - | - | - | - | - | - | 8.82% | 8.82% |
| Bonds | - | - | 2.80% | 11.79% | 0.98% | - | - | - | 15.56% |
| Non-Classified | 0.09% | 0.07% | - | - | - | 0.74% | 11.34% | 0.01% | 12.24% |
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).
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 | 0702254 |
| Mex Code | PUPMD |
| Isin Code | GB0007022543 |
| Citi Code | PS17 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.08% |
| Yearly Total | 0.83% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP Discretionary Fund - the underlying fund. Underlying Fund Objective: The fund provides a multi-asset approach to investment, holding a mix of UK and overseas company shares, bonds, property, cash plus listed alternative assets primarily through other M&G funds or direct holdings. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the internal composite benchmark by 1.15%-1.40% a year (before charges) on a rolling three year basis. |
| Benchmark | Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO). |
| Sector | ABI Mixed Investment 40-85% Shares |
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.
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.
Medium Risk
These funds may invest in multi-asset strategies with a higher weighting in equities (or with significant derivative use), while funds investing mainly in property, high yield or government bonds (such as UK Gilts) are also in this category.
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
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 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.