Prudential Discretionary S1
Performance
Discrete performance - to latest available quarter end
| 31/03/17 to 31/03/18 |
31/03/18 to 31/03/19 |
31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
|
|---|---|---|---|---|---|
| Fund | 2.4% | 4.7% | -11.4% | 27.6% | 5.5% |
| Benchmark | 3.2% | 5.7% | -6.3% | 22.5% | 6.1% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 1 2022 |
3 Years to 31/03/22 |
5 Years to 31/03/22 |
10 Years to 31/03/22 |
|
| Fund | -2.7% | 6.0% | 5.0% | 7.7% |
| Benchmark | -1.9% | 6.8% | 5.8% | 7.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Segro Segro Ord GBP0.1 | 1.84 |
| ASTRAZENECA | 1.48 |
| HSBC HOLDINGS | 1.15 |
| BP | 1.05 |
| SHELL | 0.82 |
| UNILEVER | 0.77 |
| RIO TINTO | 0.77 |
| GLAXOSMITHKLINE | 0.71 |
| Land Securities Group PLC Land Securities Group Ord GBP0.10 | 0.65 |
| DIAGEO | 0.61 |
| Total | 9.85 |
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 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 (23/06/2022) | 8.31 |
| Offer (23/06/2022) | 8.75 |
| Fund size (30/04/2022) | £449.87m |
| Underlying Fund size | £614266356.49m |
| Number of holdings | 6843 |
| Launch date | 02/07/1991 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.04% |
| Yearly Total | 0.79% |
Asset Allocation
| UK Equities | 26.31% | |
| International Equities | 18.57% | |
| International Bonds | 15.25% | |
| Cash and Equivalents | 6.76% | |
| Property | 6.22% | |
| UK Corporate Bonds | 3.35% | |
| Investment Trusts | 3.19% | |
| UK Gilts | 0.73% | |
| Alternative Trading Strategies | 0.37% | |
| Other Assets | 19.24% |
Commentary
Performance as at Q1 2022 - In a challenging first quarter, both equity and fixed income assets experienced negative returns as a rapid rise in yields and the Ukraine conflict caused investors to reassess the outlook they had at the end of 2021. The rise in yields was in response to the increasingly hawkish rhetoric emanating from central banks, which accepted that inflation would be high for longer than they had expected. This, combined with a stronger US dollar, caused fixed income assets to produce one of the worst returns in recent history, even underperforming historically more volatile equities.
The fund fell over the quarter and was behind the benchmark and ahead of the comparator. Equities were negative overall, although the UK was roughly flat thanks to its exposure to commodities, which saw rising prices largely due to the hostilities in Ukraine. Europe and emerging markets were the weakest markets, owing to their proximity to the conflict as well as COVID-19-related lockdowns. Japan, Pacific markets and the US stockmarkets also declined, all in sterling terms.
The fund's relative performance was supported by stock selection in most markets, led by stock picks in emerging markets, Europe, Pacific markets, and more modestly Japan and the US, while selection in the UK held back relative returns.
In terms of fixed income, emerging market bonds were the bottom of the pack, followed by Europe (including the UK), Asia and global high yield bonds. In other assets, UK commercial property experienced robust gains in the quarter. Alternative investments continued to offer diversification to portfolios over the period.
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
| UK Equities | 26.31% | |
| International Equities | 18.57% | |
| International Bonds | 15.25% | |
| Cash and Equivalents | 6.76% | |
| Property | 6.22% | |
| UK Corporate Bonds | 3.35% | |
| Investment Trusts | 3.19% | |
| UK Gilts | 0.73% | |
| Alternative Trading Strategies | 0.37% | |
| Other Assets | 19.24% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 19.94% | - | - | - | |
| Non-Classified | - | 18.79% | - | - | |
| Non-Classified | - | - | 18.79% | - | |
| Non-Classified | - | - | - | 18.79% | |
| Bonds | 19.34% | - | - | - | |
| Financials | 12.04% | - | - | - | |
| Financial Services | - | 5.47% | - | - | |
| Equity Investment Instruments | - | - | 3.19% | - | |
| Equity Investment Instruments | - | - | - | 3.19% | |
| Investment Banking & Brokerage Services | - | - | 1.84% | - | |
| Asset Managers & Custodians | - | - | - | 1.24% | |
| Investment Services | - | - | - | 0.31% | |
| Diversified Financial Services | - | - | - | 0.29% | |
| Finance & Credit Services | - | - | 0.44% | - | |
| Financial Data & Systems | - | - | - | 0.33% | |
| Mortgage Finance | - | - | - | 0.10% | |
| Consumer Lending | - | - | - | 0.01% | |
| Banks | - | 4.44% | - | - | |
| Banks | - | - | 4.44% | - | |
| Banks | - | - | - | 4.44% | |
| Insurance | - | 2.13% | - | - | |
| Non-life Insurance | - | - | 1.07% | - | |
| Property & Casualty Insurance | - | - | - | 0.52% | |
| Full Line Insurance | - | - | - | 0.43% | |
| Reinsurance | - | - | - | 0.12% | |
| Life Insurance | - | - | 1.05% | - | |
| Life Insurance | - | - | - | 1.05% | |
| Real Estate | 9.22% | - | - | - | |
| Real Estate | - | 9.22% | - | - | |
| Real Estate Investment Trusts | - | - | 8.14% | - | |
| Diversified REITs | - | - | - | 2.49% | |
| Industrial REITs | - | - | - | 2.01% | |
| Residential REITs | - | - | - | 0.82% | |
| Office REITs | - | - | - | 0.81% | |
| Storage REITs | - | - | - | 0.61% | |
| Health Care REITs | - | - | - | 0.56% | |
| Other Specialty REITs | - | - | - | 0.52% | |
| Retail REITs | - | - | - | 0.33% | |
| Infrastructure REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 1.08% | - | |
| Real Estate Holding and Development | - | - | - | 1.00% | |
| Real Estate Services | - | - | - | 0.08% | |
| Cash and Equivalents | 6.41% | - | - | - | |
| Industrials | 6.01% | - | - | - | |
| Industrial Goods & Services | - | 4.94% | - | - | |
| Industrial Support Services | - | - | 1.54% | - | |
| Professional Business Support Services | - | - | - | 0.88% | |
| Industrial Suppliers | - | - | - | 0.26% | |
| Business Training & Employment Agencies | - | - | - | 0.22% | |
| Transaction Processing Services | - | - | - | 0.16% | |
| Security Services | - | - | - | 0.03% | |
| Forms & Bulk Printing Services | - | - | - | 0.00% | |
| Industrial Transportation | - | - | 0.96% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.27% | |
| Transportation Services | - | - | - | 0.24% | |
| Marine Transportation | - | - | - | 0.22% | |
| Delivery Services | - | - | - | 0.07% | |
| Trucking | - | - | - | 0.05% | |
| Commercial Vehicles & Parts | - | - | - | 0.05% | |
| Railroad Equipment | - | - | - | 0.04% | |
| Railroads | - | - | - | 0.03% | |
| General Industrials | - | - | 0.87% | - | |
| Diversified Industrials | - | - | - | 0.54% | |
| Containers & Packaging | - | - | - | 0.26% | |
| Plastics | - | - | - | 0.06% | |
| Glass | - | - | - | 0.01% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 0.61% | - | |
| Electrical Components | - | - | - | 0.29% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.25% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.07% | |
| Electronic Equipment: Other | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.49% | - | |
| Machinery: Construction & Handling | - | - | - | 0.25% | |
| Machinery: Industrial | - | - | - | 0.18% | |
| Machinery: Tools | - | - | - | 0.03% | |
| Machinery: Agricultural | - | - | - | 0.02% | |
| Machinery: Engines | - | - | - | 0.01% | |
| Machinery: Specialty | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 0.47% | - | |
| Aerospace | - | - | - | 0.26% | |
| Defense | - | - | - | 0.21% | |
| Construction & Materials | - | 1.07% | - | - | |
| Construction & Materials | - | - | 1.07% | - | |
| Construction | - | - | - | 0.32% | |
| Cement | - | - | - | 0.24% | |
| Building Materials: Other | - | - | - | 0.23% | |
| Engineering & Contracting Services | - | - | - | 0.14% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.13% | |
| Building: Climate Control | - | - | - | 0.02% | |
| Consumer Discretionary | 5.38% | - | - | - | |
| Consumer Products & Services | - | 1.81% | - | - | |
| Personal Goods | - | - | 0.73% | - | |
| Clothing & Accessories | - | - | - | 0.42% | |
| Cosmetics | - | - | - | 0.12% | |
| Luxury Items | - | - | - | 0.12% | |
| Footwear | - | - | - | 0.08% | |
| Household Goods & Home Construction | - | - | 0.60% | - | |
| Home Construction | - | - | - | 0.53% | |
| Household Equipment & Products | - | - | - | 0.05% | |
| Household Appliance | - | - | - | 0.01% | |
| Household Furnishings | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.31% | - | |
| Vending & Catering Service | - | - | - | 0.26% | |
| Consumer Services: Misc. | - | - | - | 0.02% | |
| Funeral Parlors & Cemetery | - | - | - | 0.02% | |
| Education Services | - | - | - | 0.01% | |
| Leisure Goods | - | - | 0.17% | - | |
| Toys | - | - | - | 0.12% | |
| Electronic Entertainment | - | - | - | 0.02% | |
| Consumer Electronics | - | - | - | 0.02% | |
| Photography | - | - | - | 0.01% | |
| Recreational Vehicles & Boats | - | - | - | 0.00% | |
| Recreational Products | - | - | - | 0.00% | |
| Travel & Leisure | - | 1.25% | - | - | |
| Travel & Leisure | - | - | 1.25% | - | |
| Travel & Tourism | - | - | - | 0.37% | |
| Casinos & Gambling | - | - | - | 0.36% | |
| Recreational Services | - | - | - | 0.15% | |
| Restaurants & Bars | - | - | - | 0.14% | |
| Airlines | - | - | - | 0.12% | |
| Hotels & Motels | - | - | - | 0.11% | |
| Media | - | 1.02% | - | - | |
| Media | - | - | 1.02% | - | |
| Publishing | - | - | - | 0.46% | |
| Media Agencies | - | - | - | 0.37% | |
| Radio & TV Broadcasters | - | - | - | 0.18% | |
| Entertainment | - | - | - | 0.00% | |
| Retail | - | 0.83% | - | - | |
| Retailers | - | - | 0.83% | - | |
| Diversified Retailers | - | - | - | 0.30% | |
| Apparel Retailers | - | - | - | 0.19% | |
| Home Improvement Retailers | - | - | - | 0.19% | |
| Specialty Retailers | - | - | - | 0.15% | |
| Automobiles & Parts | - | 0.47% | - | - | |
| Automobiles & Parts | - | - | 0.47% | - | |
| Automobiles | - | - | - | 0.34% | |
| Auto Parts | - | - | - | 0.09% | |
| Tires | - | - | - | 0.04% | |
| Health Care | 4.99% | - | - | - | |
| Health Care | - | 4.99% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.27% | - | |
| Pharmaceuticals | - | - | - | 3.66% | |
| Biotechnology | - | - | - | 0.61% | |
| Medical Equipment & Services | - | - | 0.63% | - | |
| Medical Equipment | - | - | - | 0.40% | |
| Medical Supplies | - | - | - | 0.22% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.08% | - | |
| Health Care Services | - | - | - | 0.05% | |
| Health Care Facilities | - | - | - | 0.04% | |
| Consumer Staples | 4.55% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.89% | - | - | |
| Food Producers | - | - | 1.13% | - | |
| Food Products | - | - | - | 1.06% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.06% | |
| Fruit & Grain Processing | - | - | - | 0.01% | |
| Beverages | - | - | 0.95% | - | |
| Distillers & Vintners | - | - | - | 0.69% | |
| Soft Drinks | - | - | - | 0.14% | |
| Brewers | - | - | - | 0.12% | |
| Tobacco | - | - | 0.81% | - | |
| Tobacco | - | - | - | 0.81% | |
| Personal Care, Drug & Grocery Stores | - | 1.66% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.66% | - | |
| Personal Products | - | - | - | 0.81% | |
| Food Retailers & Wholesalers | - | - | - | 0.44% | |
| Nondurable Household Products | - | - | - | 0.40% | |
| Technology | 3.74% | - | - | - | |
| Technology | - | 3.74% | - | - | |
| Technology Hardware & Equipment | - | - | 2.39% | - | |
| Semiconductors | - | - | - | 1.09% | |
| Computer Hardware | - | - | - | 0.67% | |
| Production Technology Equipment | - | - | - | 0.34% | |
| Electronic Components | - | - | - | 0.29% | |
| Electronic Office Equipment | - | - | - | 0.00% | |
| Software & Computer Services | - | - | 1.35% | - | |
| Software | - | - | - | 0.61% | |
| Consumer Digital Services | - | - | - | 0.58% | |
| Computer Services | - | - | - | 0.16% | |
| Basic Materials | 3.21% | - | - | - | |
| Basic Resources | - | 2.43% | - | - | |
| Industrial Metals & Mining | - | - | 2.17% | - | |
| General Mining | - | - | - | 1.66% | |
| Copper | - | - | - | 0.26% | |
| Iron & Steel | - | - | - | 0.15% | |
| Nonferrous Metals | - | - | - | 0.05% | |
| Aluminum | - | - | - | 0.03% | |
| Metal Fabricating | - | - | - | 0.02% | |
| Precious Metals & Mining | - | - | 0.18% | - | |
| Gold Mining | - | - | - | 0.11% | |
| Platinum & Precious Metals | - | - | - | 0.07% | |
| Industrial Materials | - | - | 0.08% | - | |
| Paper | - | - | - | 0.05% | |
| Forestry | - | - | - | 0.02% | |
| Textile Products | - | - | - | 0.01% | |
| Chemicals | - | 0.78% | - | - | |
| Chemicals | - | - | 0.78% | - | |
| Specialty Chemicals | - | - | - | 0.39% | |
| Chemicals: Diversified | - | - | - | 0.35% | |
| Fertilizers | - | - | - | 0.03% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.00% | |
| Energy | 2.17% | - | - | - | |
| Energy | - | 2.17% | - | - | |
| Non-Renewable Energy | - | - | 1.97% | - | |
| Integrated Oil & Gas | - | - | - | 1.47% | |
| Oil: Crude Producers | - | - | - | 0.30% | |
| Oil Refining and Marketing | - | - | - | 0.09% | |
| Oil Equipment & Services | - | - | - | 0.06% | |
| Pipelines | - | - | - | 0.03% | |
| Coal | - | - | - | 0.01% | |
| Offshore Drilling & Other Services | - | - | - | 0.01% | |
| Renewable Energy | - | - | 0.20% | - | |
| Alternative Fuels | - | - | - | 0.11% | |
| Renewable Energy Equipment | - | - | - | 0.09% | |
| Utilities | 1.57% | - | - | - | |
| Utilities | - | 1.57% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.87% | - | |
| Multi-Utilities | - | - | - | 0.64% | |
| Water | - | - | - | 0.19% | |
| Gas Distribution | - | - | - | 0.04% | |
| Electricity | - | - | 0.70% | - | |
| Conventional Electricity | - | - | - | 0.56% | |
| Alternative Electricity | - | - | - | 0.14% | |
| Waste & Disposal Services | - | - | 0.01% | - | |
| Waste & Disposal Services | - | - | - | 0.01% | |
| Telecommunications | 1.04% | - | - | - | |
| Telecommunications | - | 1.04% | - | - | |
| Telecommunications Service Providers | - | - | 0.92% | - | |
| Telecommunications Services | - | - | - | 0.92% | |
| Telecommunications Equipment | - | - | 0.12% | - | |
| Telecommunications Equipment | - | - | - | 0.12% | |
| Alternative Trading Strategies | 0.37% | - | - | - | |
| Alternative Trading Strategies | - | 0.37% | - | - | |
| Alternative Trading Strategies | - | - | 0.37% | - | |
| Alternative Trading Strategies | - | - | - | 0.37% | |
| Property | 0.01% | - | - | - | |
| Property | - | 0.01% | - | - | |
| Property | - | - | 0.01% | - | |
| Property | - | - | - | 0.01% | |
Regional Allocation
| UK | 30.40% | |
| Non-Classified | 23.70% | |
| Developed Europe - Excl UK | 14.16% | |
| North America | 7.90% | |
| Cash and Equivalents | 6.51% | |
| Property | 6.22% | |
| Emerging Asia | 6.12% | |
| Australia & New Zealand | 1.80% | |
| Developed Asia | 1.58% | |
| Other Regions | 1.62% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 76.06% | |
| US Dollar | 8.95% | |
| Pound Sterling | 5.05% | |
| Cash | 4.60% | |
| Euro | 2.98% | |
| Won | 0.40% | |
| Other Currencies | 1.94% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 30.40% | - | |
United Kingdom
|
- | 30.40% | |
Jersey
|
- | 0.00% | |
| Non-Classified | 23.70% | - | |
| Developed Europe - Excl UK | 14.16% | - | |
France
|
- | 2.80% | |
Germany
|
- | 2.29% | |
Switzerland
|
- | 2.07% | |
Netherlands
|
- | 1.87% | |
Ireland
|
- | 0.92% | |
Sweden
|
- | 0.81% | |
Italy
|
- | 0.69% | |
Spain
|
- | 0.65% | |
Denmark
|
- | 0.52% | |
Luxembourg
|
- | 0.52% | |
Finland
|
- | 0.30% | |
Belgium
|
- | 0.28% | |
Norway
|
- | 0.18% | |
Austria
|
- | 0.12% | |
Portugal
|
- | 0.10% | |
Iceland
|
- | 0.03% | |
| North America | 7.90% | - | |
United States
|
- | 7.43% | |
Canada
|
- | 0.47% | |
Bermuda
|
- | 0.00% | |
| Cash and Equivalents | 6.51% | - | |
| Property | 6.22% | - | |
| Emerging Asia | 6.12% | - | |
South Korea
|
- | 1.96% | |
Taiwan
|
- | 1.42% | |
Indonesia
|
- | 0.52% | |
Malaysia
|
- | 0.52% | |
Thailand
|
- | 0.51% | |
China
|
- | 0.39% | |
India
|
- | 0.35% | |
Philippines
|
- | 0.33% | |
Pakistan
|
- | 0.05% | |
Uzbekistan
|
- | 0.01% | |
Mongolia
|
- | 0.01% | |
Sri Lanka
|
- | 0.01% | |
Viet Nam
|
- | 0.01% | |
Armenia
|
- | 0.01% | |
Kazakhstan
|
- | 0.01% | |
Georgia
|
- | 0.00% | |
Azerbaijan
|
- | 0.00% | |
Tajikistan
|
- | 0.00% | |
Macau
|
- | 0.00% | |
| Australia & New Zealand | 1.80% | - | |
Australia
|
- | 1.73% | |
New Zealand
|
- | 0.07% | |
| Developed Asia | 1.58% | - | |
Hong Kong
|
- | 0.91% | |
Singapore
|
- | 0.67% | |
| South & Central America | 0.90% | - | |
Mexico
|
- | 0.38% | |
Brazil
|
- | 0.36% | |
Chile
|
- | 0.03% | |
Colombia
|
- | 0.03% | |
Dominican Republic
|
- | 0.02% | |
Uruguay
|
- | 0.02% | |
Peru
|
- | 0.01% | |
Guatemala
|
- | 0.01% | |
Argentina
|
- | 0.01% | |
Paraguay
|
- | 0.01% | |
Honduras
|
- | 0.01% | |
Trinidad and Tobago
|
- | 0.00% | |
Ecuador
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
Costa Rica
|
- | 0.00% | |
Jamaica
|
- | 0.00% | |
El Salvador
|
- | 0.00% | |
Venezuela
|
- | 0.00% | |
| Middle East & Africa | 0.39% | - | |
South Africa
|
- | 0.23% | |
Israel
|
- | 0.03% | |
Qatar
|
- | 0.01% | |
Morocco
|
- | 0.01% | |
Nigeria
|
- | 0.01% | |
Egypt
|
- | 0.01% | |
Gabon
|
- | 0.01% | |
Cote D'Ivoire
|
- | 0.01% | |
Jordan
|
- | 0.01% | |
Senegal
|
- | 0.01% | |
Oman
|
- | 0.01% | |
Zambia
|
- | 0.01% | |
United Arab Emirates
|
- | 0.01% | |
Benin
|
- | 0.01% | |
Ghana
|
- | 0.01% | |
Iraq
|
- | 0.01% | |
Kenya
|
- | 0.00% | |
Cameroon
|
- | 0.00% | |
Rwanda
|
- | 0.00% | |
Mozambique
|
- | 0.00% | |
Angola
|
- | 0.00% | |
| Emerging Europe | 0.28% | - | |
Turkey
|
- | 0.10% | |
Poland
|
- | 0.06% | |
Czech Republic
|
- | 0.03% | |
Hungary
|
- | 0.03% | |
Greece
|
- | 0.02% | |
Serbia
|
- | 0.01% | |
Macedonia, The Former Yugoslav Republic Of
|
- | 0.01% | |
Romania
|
- | 0.01% | |
Ukraine
|
- | 0.00% | |
Albania
|
- | 0.00% | |
Bosnia and Herzegowina
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
| Japan | 0.05% | - | |
Japan
|
- | 0.05% | |
Breakdown By Market Cap (%)
| Mega |
|
21.80% |
| Large |
|
11.41% |
| Medium |
|
12.87% |
| Small |
|
5.40% |
| Micro |
|
0.75% |
| Non-Classified |
|
22.02% |
| Bonds |
|
19.34% |
| Cash |
|
6.41% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
5.60% |
| 5Yr - 10Yr Maturity |
|
5.15% |
| 10Yr - 15Yr Maturity |
|
1.21% |
| > 15Yr Maturity |
|
7.37% |
| Cash And Equivalents |
|
6.41% |
| Unknown Maturity |
|
1.04% |
| Other Asset Types |
|
73.22% |
Fixed Interest Quality Profile
| AAA |
|
1.34% |
| AA |
|
1.49% |
| A |
|
3.62% |
| BBB |
|
5.15% |
| Sub-Investment Grade |
|
2.56% |
| Unknown Quality |
|
5.18% |
| Cash and Equivalents |
|
6.41% |
| Other Asset Types |
|
74.25% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Segro Segro Ord GBP0.1 | 1.84% | Real Estate Investment Trusts | Direct Property and REITs |
| 2 | ASTRAZENECA | 1.48% | Pharmaceuticals & Biotechnology | United Kingdom |
| 3 | HSBC HOLDINGS | 1.15% | Banks | United Kingdom |
| 4 | BP | 1.05% | Non-Renewable Energy | United Kingdom |
| 5 | SHELL | 0.82% | Non-Renewable Energy | Non-Classified |
| 6 | UNILEVER | 0.77% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 7 | RIO TINTO | 0.77% | Industrial Metals & Mining | United Kingdom |
| 8 | GLAXOSMITHKLINE | 0.71% | Pharmaceuticals & Biotechnology | United Kingdom |
| 9 | Land Securities Group PLC Land Securities Group Ord GBP0.10 | 0.65% | Real Estate Investment Trusts | Direct Property and REITs |
| 10 | DIAGEO | 0.61% | Beverages | United Kingdom |
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).
Identification Codes
| Sedol Code | 0702254 |
| Mex Code | PUPMD |
| Isin Code | GB0007022543 |
| Citi Code | PS17 |
Fund Charges
| Annual Management Charge (AMC) | 0.75% |
| Further Costs | 0.04% |
| Yearly Total | 0.79% |
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.