PIA Risk Managed Passive 1 Ser B
Performance
Discrete performance - to last month end
| 31/12/20 to 31/12/21 |
31/12/21 to 31/12/22 |
31/12/22 to 31/12/23 |
31/12/23 to 31/12/24 |
31/12/24 to 31/12/25 |
|
|---|---|---|---|---|---|
| Fund | -2.2% | -11.0% | 7.0% | 1.8% | 9.1% |
| Sector | 1.5% | -7.1% | 3.6% | 4.2% | 5.4% |
| Rank | 128/156 | 111/163 | 36/167 | 128/173 | 40/175 |
| Quartile | 4 | 3 | 1 | 3 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/12/25 |
5 Years to 31/12/25 |
10 Years to 31/12/25 |
||
| Fund | 5.9% | 0.7% | 3.2% | |
| Sector | 4.4% | 1.4% | 3.2% | |
| Rank | 44/167 | 94/156 | 32/72 | |
| Quartile | 2 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| LONG GILT FUTURE Mar26 | 5.20 |
| US 10YR NOTE (CBT)MAR26 | 4.73 |
| M&G GBL HI YLD BOND GBP-A | 0.71 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.44 |
| NASDAQ 100 E-MINI MAR26 | 0.44 |
| M&G EUROPEAN PROPERTY | 0.41 |
| L&G FREEHOLD PROPERTY | 0.36 |
| ASTRAZENECA | 0.29 |
| HSBC HOLDINGS | 0.29 |
| SHELL | 0.26 |
| Total | 13.13 |
Fund Aims
Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Passive 1 Fund - the underlying fund.
Underlying Fund Objective: The 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. The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (e.g. funds which track an index). The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure to lower risk assets such as fixed income assets and cash.
Fund Manager
The M&G Life Investment Office (LIO) is our team of in-house investment strategists and ‘manager of managers’ for Pru in the UK. They are independent of the various underlying asset management businesses within M&G plc and carry out various stages of the investment process including setting the strategic asset allocation, manager selection and oversight and portfolio management*. The team includes investment professionals with expertise in capital market research, investment strategy design, liability management, derivatives and portfolio management*. *M&G Investment Management Ltd are the investment managers for the WS Prudential Risk Managed Active and Risk Managed Passive Funds. They make the relevant adjustments to the portfolios based on LIO recommendations.
Fund Overview
| Bid (16/01/2026) | 2.13 |
| Offer (16/01/2026) | 2.24 |
| Fund size (30/11/2025) | £9.21m |
| Underlying Fund size | £262.09m |
| Number of holdings | 18179 |
| Launch date | 28/10/2005 |
Fund Charges
| Annual Management Charge (AMC) | 1.18% |
| Further Costs | 0.06% |
| Yearly Total | 1.24% |
Asset Allocation
| International Bonds | 38.69% | |
| UK Corporate Bonds | 11.46% | |
| International Equities | 11.29% | |
| UK Equities | 4.10% | |
| Cash and Equivalents | 3.91% | |
| Property | 0.71% | |
| UK Gilts | 0.25% | |
| Investment Trusts | 0.22% | |
| Money Market | 0.06% | |
| Other Assets | 29.30% |
Commentary
The following commentary is for the underlying OEIC which the fund invests into
December 2025 Investment Summary
A positve month for the Passive range with returns ranging from 0.23% for Active 1 to 0.84% for Passive 5.
*P Acc share class with data sourced from FE analytics as at 31 December 2025.
December saw mid-month volatility, but ended positively for markets and portfolios.
Major equity markets saw volatility driven by concerns over AI valuations and spending plans, alongside hawkish Fed guidance, before a late month rally. Emerging market equities saw mixed returns, South Korea and Taiwan extended their extraordinary runs, in contrast India and Brazil pulled back. Japanese stocks edged up, driven by expectations of continued economic stimulus. Gains shifted from exporters to domestic sectors like services and transport. The FTSE 100 returned +2.3% delivering on the seasonal promise of a Santa rally, while the Stoxx 600 gained +2.8%, led by Basic Materials, Financial Services and Consumer Staples. The S&P 500 was virtually flat (+0.1%) but Nasdaq fell –0.5%, amid tech valuation concerns. Sector level performance saw Financials, Industrials and Materials gain, while Utilities and Real Estate fell.
The US eased trade tensions with China, as they approved the sale of Nvidia’s advanced H200 chips to China. Meanwhile, China imposed tariffs of up to 42.7% on certain dairy products from the EU, increasing tensions between Brussels and Beijing and follows on from the EU’s new tariffs on Chinese electric vehicles.
The US Central Bank closed with a third rate cut of the year, to 3.50%, their lowest level since 2022. The move was widely anticipated, but highlighted fractures in the Federal Reserve over prioritising tackling a weakening jobs market or high inflation. Three of twelve central bankers objected to the quarter point cut, the largest number of dissenters since 2019. The cut coincided with a first inflation report since the US Government shutdown, and printed much lower at 2.7%, compared with analyst expectations of 3.1%. This contributed to a sell off in Treasuries, but needs to be taken with a pinch of salt, in light of data collection issues resulting from the shutdown.
The Bank of England followed suit, reducing rates by a quarter point to 3.75%, responding to signs of stagnation and cooling inflation. Messaging from Governor Bailey was less dovish than anticipated, given reduced inflationary pressures and increasing unemployment. Inflation eased to 3.2% in November and unemployment climbed to a four-year high of 5.1% in the three months to October. The European Central Bank held rates, with murmurings of the next change to the rate potentially being a hike. The Bank of Japan continued on their path of policy normalisation with a 0.25% rate hike, causing both 10yr and 30yr JGB yields to hit multi-decade highs.
Precious metals performed spectacularly well through 2025, with both gold (+65%) and silver (+148%) prices - their strongest annual gains since 1979. This year moves were driven by lower policy rates from central banks, geopolitical uncertainty, future inflation concerns (given high public debt burdens), and central banks diversifying their own reserves.
Markets remain sensitive to economic data and geopolitics, with volatility clustering around key announcements. Diverging inflation paths and uneven growth are driving asymmetric central bank policies, adding complexity and dispersion across assets and regions in the months ahead.
WS Prudential Risk Managed Passive - Tactical asset allocation activity
The Fund Managers maintain their equity overweight of +2.25%, made up of a basket of US (S&P 500 and Nasdaq), Asia, Europe and GEM. We hold overweight positions in US Treasuries and UK Gilts with underweights in US and European Corporate bonds.
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.
Asset Allocation
| International Bonds | 38.69% | |
| UK Corporate Bonds | 11.46% | |
| International Equities | 11.29% | |
| UK Equities | 4.10% | |
| Cash and Equivalents | 3.91% | |
| Property | 0.71% | |
| UK Gilts | 0.25% | |
| Investment Trusts | 0.22% | |
| Money Market | 0.06% | |
| Other Assets | 29.30% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 50.40% | - | - | - | |
| Non-Classified | 29.40% | - | - | - | |
| Non-Classified | - | 10.17% | - | - | |
| Non-Classified | - | - | 10.17% | - | |
| Non-Classified | - | - | - | 10.17% | |
| Cash and Equivalents | 3.97% | - | - | - | |
| Financials | 3.29% | - | - | - | |
| Banks | - | 1.86% | - | - | |
| Banks | - | - | 1.86% | - | |
| Banks | - | - | - | 1.86% | |
| Financial Services | - | 0.86% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.50% | - | |
| Asset Managers & Custodians | - | - | - | 0.22% | |
| Investment Services | - | - | - | 0.19% | |
| Diversified Financial Services | - | - | - | 0.10% | |
| Equity Investment Instruments | - | - | 0.22% | - | |
| Equity Investment Instruments | - | - | - | 0.22% | |
| Finance & Credit Services | - | - | 0.14% | - | |
| Financial Data & Systems | - | - | - | 0.09% | |
| Consumer Lending | - | - | - | 0.03% | |
| Mortgage Finance | - | - | - | 0.01% | |
| Insurance | - | 0.56% | - | - | |
| Life Insurance | - | - | 0.29% | - | |
| Life Insurance | - | - | - | 0.29% | |
| Non-life Insurance | - | - | 0.28% | - | |
| Full Line Insurance | - | - | - | 0.12% | |
| Property & Casualty Insurance | - | - | - | 0.10% | |
| Reinsurance | - | - | - | 0.04% | |
| Insurance Brokers | - | - | - | 0.02% | |
| Technology | 2.50% | - | - | - | |
| Technology | - | 2.50% | - | - | |
| Technology Hardware & Equipment | - | - | 1.49% | - | |
| Semiconductors | - | - | - | 0.93% | |
| Computer Hardware | - | - | - | 0.25% | |
| Production Technology Equipment | - | - | - | 0.18% | |
| Electronic Components | - | - | - | 0.13% | |
| Electronic Office Equipment | - | - | - | 0.01% | |
| Software & Computer Services | - | - | 1.01% | - | |
| Consumer Digital Services | - | - | - | 0.44% | |
| Software | - | - | - | 0.35% | |
| Computer Services | - | - | - | 0.22% | |
| Industrials | 2.23% | - | - | - | |
| Industrial Goods & Services | - | 2.00% | - | - | |
| Aerospace & Defence | - | - | 0.47% | - | |
| Aerospace | - | - | - | 0.30% | |
| Defense | - | - | - | 0.17% | |
| Industrial Transportation | - | - | 0.43% | - | |
| Railroads | - | - | - | 0.19% | |
| Transportation Services | - | - | - | 0.08% | |
| Marine Transportation | - | - | - | 0.06% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.04% | |
| Delivery Services | - | - | - | 0.03% | |
| Commercial Vehicles & Parts | - | - | - | 0.02% | |
| Railroad Equipment | - | - | - | 0.01% | |
| Trucking | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 0.33% | - | |
| Electrical Components | - | - | - | 0.20% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.07% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.04% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.01% | |
| Electronic Equipment: Other | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 0.32% | - | |
| Professional Business Support Services | - | - | - | 0.13% | |
| Transaction Processing Services | - | - | - | 0.08% | |
| Industrial Suppliers | - | - | - | 0.07% | |
| Business Training & Employment Agencies | - | - | - | 0.03% | |
| Security Services | - | - | - | 0.01% | |
| Forms & Bulk Printing Services | - | - | - | 0.00% | |
| General Industrials | - | - | 0.25% | - | |
| Diversified Industrials | - | - | - | 0.21% | |
| Containers & Packaging | - | - | - | 0.02% | |
| Plastics | - | - | - | 0.01% | |
| Paints & Coatings | - | - | - | 0.01% | |
| Glass | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 0.21% | - | |
| Machinery: Industrial | - | - | - | 0.10% | |
| Machinery: Construction & Handling | - | - | - | 0.06% | |
| Machinery: Tools | - | - | - | 0.02% | |
| Machinery: Engines | - | - | - | 0.01% | |
| Machinery: Specialty | - | - | - | 0.01% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| Construction & Materials | - | 0.23% | - | - | |
| Construction & Materials | - | - | 0.23% | - | |
| Construction | - | - | - | 0.06% | |
| Building Materials: Other | - | - | - | 0.05% | |
| Cement | - | - | - | 0.05% | |
| Engineering & Contracting Services | - | - | - | 0.04% | |
| Building: Climate Control | - | - | - | 0.02% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.01% | |
| Consumer Discretionary | 1.53% | - | - | - | |
| Consumer Products & Services | - | 0.48% | - | - | |
| Personal Goods | - | - | 0.19% | - | |
| Clothing & Accessories | - | - | - | 0.10% | |
| Luxury Items | - | - | - | 0.04% | |
| Cosmetics | - | - | - | 0.03% | |
| Footwear | - | - | - | 0.02% | |
| Leisure Goods | - | - | 0.13% | - | |
| Consumer Electronics | - | - | - | 0.05% | |
| Electronic Entertainment | - | - | - | 0.05% | |
| Toys | - | - | - | 0.02% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Recreational Products | - | - | - | 0.01% | |
| Photography | - | - | - | 0.00% | |
| Consumer Services | - | - | 0.09% | - | |
| Vending & Catering Service | - | - | - | 0.07% | |
| Consumer Services: Misc. | - | - | - | 0.02% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Household Goods & Home Construction | - | - | 0.07% | - | |
| Home Construction | - | - | - | 0.05% | |
| Household Appliance | - | - | - | 0.01% | |
| Household Furnishings | - | - | - | 0.00% | |
| Household Equipment & Products | - | - | - | 0.00% | |
| Retail | - | 0.45% | - | - | |
| Retailers | - | - | 0.45% | - | |
| Diversified Retailers | - | - | - | 0.29% | |
| Apparel Retailers | - | - | - | 0.07% | |
| Specialty Retailers | - | - | - | 0.05% | |
| Home Improvement Retailers | - | - | - | 0.04% | |
| Automobiles & Parts | - | 0.26% | - | - | |
| Automobiles & Parts | - | - | 0.26% | - | |
| Automobiles | - | - | - | 0.19% | |
| Auto Parts | - | - | - | 0.05% | |
| Tires | - | - | - | 0.01% | |
| Auto Services | - | - | - | 0.00% | |
| Travel & Leisure | - | 0.24% | - | - | |
| Travel & Leisure | - | - | 0.24% | - | |
| Hotels & Motels | - | - | - | 0.06% | |
| Airlines | - | - | - | 0.05% | |
| Restaurants & Bars | - | - | - | 0.04% | |
| Casinos & Gambling | - | - | - | 0.04% | |
| Travel & Tourism | - | - | - | 0.04% | |
| Recreational Services | - | - | - | 0.01% | |
| Media | - | 0.11% | - | - | |
| Media | - | - | 0.11% | - | |
| Entertainment | - | - | - | 0.04% | |
| Media Agencies | - | - | - | 0.04% | |
| Radio & TV Broadcasters | - | - | - | 0.02% | |
| Publishing | - | - | - | 0.01% | |
| Health Care | 1.27% | - | - | - | |
| Health Care | - | 1.27% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.99% | - | |
| Pharmaceuticals | - | - | - | 0.88% | |
| Biotechnology | - | - | - | 0.11% | |
| Medical Equipment & Services | - | - | 0.20% | - | |
| Medical Equipment | - | - | - | 0.13% | |
| Medical Supplies | - | - | - | 0.06% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.08% | - | |
| Health Care Facilities | - | - | - | 0.03% | |
| Health Care Management Services | - | - | - | 0.03% | |
| Health Care Services | - | - | - | 0.01% | |
| Consumer Staples | 1.10% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.61% | - | - | |
| Beverages | - | - | 0.24% | - | |
| Distillers & Vintners | - | - | - | 0.10% | |
| Soft Drinks | - | - | - | 0.09% | |
| Brewers | - | - | - | 0.06% | |
| Tobacco | - | - | 0.19% | - | |
| Tobacco | - | - | - | 0.19% | |
| Food Producers | - | - | 0.18% | - | |
| Food Products | - | - | - | 0.16% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.01% | |
| Fruit & Grain Processing | - | - | - | 0.01% | |
| Sugar | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 0.49% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.49% | - | |
| Personal Products | - | - | - | 0.22% | |
| Food Retailers & Wholesalers | - | - | - | 0.18% | |
| Nondurable Household Products | - | - | - | 0.07% | |
| Drug Retailers | - | - | - | 0.02% | |
| Utilities | 0.93% | - | - | - | |
| Utilities | - | 0.93% | - | - | |
| Electricity | - | - | 0.53% | - | |
| Conventional Electricity | - | - | - | 0.51% | |
| Alternative Electricity | - | - | - | 0.02% | |
| Gas, Water & Multi-utilities | - | - | 0.38% | - | |
| Multi-Utilities | - | - | - | 0.26% | |
| Gas Distribution | - | - | - | 0.06% | |
| Water | - | - | - | 0.06% | |
| Waste & Disposal Services | - | - | 0.01% | - | |
| Waste & Disposal Services | - | - | - | 0.01% | |
| Energy | 0.86% | - | - | - | |
| Energy | - | 0.86% | - | - | |
| Non-Renewable Energy | - | - | 0.83% | - | |
| Integrated Oil & Gas | - | - | - | 0.47% | |
| Pipelines | - | - | - | 0.17% | |
| Oil Refining and Marketing | - | - | - | 0.06% | |
| Oil: Crude Producers | - | - | - | 0.06% | |
| Oil Equipment & Services | - | - | - | 0.03% | |
| Coal | - | - | - | 0.03% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.03% | - | |
| Renewable Energy Equipment | - | - | - | 0.03% | |
| Alternative Fuels | - | - | - | 0.00% | |
| Basic Materials | 0.85% | - | - | - | |
| Basic Resources | - | 0.67% | - | - | |
| Industrial Metals & Mining | - | - | 0.43% | - | |
| General Mining | - | - | - | 0.33% | |
| Iron & Steel | - | - | - | 0.06% | |
| Copper | - | - | - | 0.02% | |
| Metal Fabricating | - | - | - | 0.01% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Aluminum | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.23% | - | |
| Gold Mining | - | - | - | 0.19% | |
| Platinum & Precious Metals | - | - | - | 0.04% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.02% | - | |
| Paper | - | - | - | 0.01% | |
| Diversified Materials | - | - | - | 0.00% | |
| Forestry | - | - | - | 0.00% | |
| Textile Products | - | - | - | 0.00% | |
| Chemicals | - | 0.17% | - | - | |
| Chemicals | - | - | 0.17% | - | |
| Chemicals: Diversified | - | - | - | 0.10% | |
| Specialty Chemicals | - | - | - | 0.06% | |
| Fertilizers | - | - | - | 0.01% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.00% | |
| Real Estate | 0.75% | - | - | - | |
| Real Estate | - | 0.75% | - | - | |
| Real Estate Investment Trusts | - | - | 0.46% | - | |
| Retail REITs | - | - | - | 0.10% | |
| Industrial REITs | - | - | - | 0.08% | |
| Diversified REITs | - | - | - | 0.05% | |
| Infrastructure REITs | - | - | - | 0.05% | |
| Health Care REITs | - | - | - | 0.04% | |
| Residential REITs | - | - | - | 0.04% | |
| Other Specialty REITs | - | - | - | 0.04% | |
| Office REITs | - | - | - | 0.04% | |
| Storage REITs | - | - | - | 0.01% | |
| Hotel & Lodging REITs | - | - | - | 0.01% | |
| Timber REITs | - | - | - | 0.00% | |
| Real Estate Investment & Services | - | - | 0.30% | - | |
| Real Estate Holding and Development | - | - | - | 0.26% | |
| Real Estate Services | - | - | - | 0.04% | |
| Telecommunications | 0.54% | - | - | - | |
| Telecommunications | - | 0.54% | - | - | |
| Telecommunications Service Providers | - | - | 0.32% | - | |
| Telecommunications Services | - | - | - | 0.31% | |
| Cable Television Services | - | - | - | 0.01% | |
| Telecommunications Equipment | - | - | 0.22% | - | |
| Telecommunications Equipment | - | - | - | 0.22% | |
| Property | 0.36% | - | - | - | |
| Property | - | 0.36% | - | - | |
| Property | - | - | 0.36% | - | |
| Property | - | - | - | 0.36% | |
| Alternative Trading Strategies | 0.01% | - | - | - | |
| Alternative Trading Strategies | - | 0.01% | - | - | |
| Alternative Trading Strategies | - | - | 0.01% | - | |
| Alternative Trading Strategies | - | - | - | 0.01% | |
Regional Allocation
| Non-Classified | 30.09% | |
| North America | 19.66% | |
| UK | 15.81% | |
| Developed Europe - Excl UK | 12.42% | |
| Emerging Asia | 8.72% | |
| Cash and Equivalents | 3.97% | |
| Japan | 2.10% | |
| South & Central America | 1.68% | |
| Developed Asia | 1.61% | |
| Other Regions | 3.93% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 45.85% | |
| Pound Sterling | 26.98% | |
| US Dollar | 17.11% | |
| Cash | 3.75% | |
| Malaysian Ringgit | 0.77% | |
| Indian Rupee | 0.76% | |
| Other Currencies | 4.77% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 30.09% | - | |
| North America | 19.66% | - | |
United States
|
- | 18.07% | |
Canada
|
- | 1.59% | |
Bermuda
|
- | 0.00% | |
| UK | 15.81% | - | |
United Kingdom
|
- | 15.81% | |
Jersey
|
- | 0.01% | |
| Developed Europe - Excl UK | 12.42% | - | |
France
|
- | 3.02% | |
Germany
|
- | 2.12% | |
Netherlands
|
- | 1.72% | |
Luxembourg
|
- | 1.70% | |
Switzerland
|
- | 0.77% | |
Spain
|
- | 0.60% | |
Ireland
|
- | 0.48% | |
Italy
|
- | 0.44% | |
Sweden
|
- | 0.43% | |
Denmark
|
- | 0.34% | |
Finland
|
- | 0.29% | |
Norway
|
- | 0.23% | |
Belgium
|
- | 0.14% | |
Austria
|
- | 0.13% | |
Portugal
|
- | 0.01% | |
| Emerging Asia | 8.72% | - | |
South Korea
|
- | 1.45% | |
India
|
- | 1.39% | |
China
|
- | 1.23% | |
Indonesia
|
- | 1.03% | |
Philippines
|
- | 1.02% | |
Malaysia
|
- | 0.89% | |
Taiwan
|
- | 0.81% | |
Thailand
|
- | 0.59% | |
Uzbekistan
|
- | 0.07% | |
Kazakhstan
|
- | 0.04% | |
Tajikistan
|
- | 0.04% | |
Papua New Guinea
|
- | 0.03% | |
Lao People's Democratic Republic
|
- | 0.03% | |
Georgia
|
- | 0.02% | |
Sri Lanka
|
- | 0.02% | |
Azerbaijan
|
- | 0.02% | |
Pakistan
|
- | 0.01% | |
Kyrgyzstan
|
- | 0.01% | |
Viet Nam
|
- | 0.01% | |
Armenia
|
- | 0.01% | |
Mongolia
|
- | 0.00% | |
| Cash and Equivalents | 3.97% | - | |
| Japan | 2.10% | - | |
Japan
|
- | 2.10% | |
| South & Central America | 1.68% | - | |
Mexico
|
- | 0.56% | |
Peru
|
- | 0.18% | |
Brazil
|
- | 0.14% | |
Colombia
|
- | 0.13% | |
Venezuela
|
- | 0.13% | |
Chile
|
- | 0.10% | |
Suriname
|
- | 0.09% | |
Argentina
|
- | 0.09% | |
Uruguay
|
- | 0.05% | |
Paraguay
|
- | 0.04% | |
Honduras
|
- | 0.04% | |
Dominican Republic
|
- | 0.04% | |
Ecuador
|
- | 0.02% | |
Guatemala
|
- | 0.01% | |
El Salvador
|
- | 0.01% | |
Barbados
|
- | 0.01% | |
Jamaica
|
- | 0.01% | |
Trinidad and Tobago
|
- | 0.01% | |
Costa Rica
|
- | 0.01% | |
Virgin Islands (British)
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
| Developed Asia | 1.61% | - | |
Hong Kong
|
- | 0.83% | |
Singapore
|
- | 0.77% | |
| Middle East & Africa | 1.53% | - | |
South Africa
|
- | 0.58% | |
United Arab Emirates
|
- | 0.19% | |
Saudi Arabia
|
- | 0.15% | |
Cote D'Ivoire
|
- | 0.13% | |
Qatar
|
- | 0.08% | |
Israel
|
- | 0.06% | |
Iraq
|
- | 0.04% | |
Nigeria
|
- | 0.04% | |
Kuwait
|
- | 0.03% | |
Oman
|
- | 0.03% | |
Zambia
|
- | 0.03% | |
Benin
|
- | 0.03% | |
Ghana
|
- | 0.03% | |
Egypt
|
- | 0.02% | |
Morocco
|
- | 0.01% | |
Kenya
|
- | 0.01% | |
Angola
|
- | 0.01% | |
Togo
|
- | 0.01% | |
Gabon
|
- | 0.01% | |
Mozambique
|
- | 0.01% | |
Jordan
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Senegal
|
- | 0.00% | |
Tunisia
|
- | 0.00% | |
Ethiopia
|
- | 0.00% | |
Lebanon
|
- | 0.00% | |
| Australia & New Zealand | 1.08% | - | |
Australia
|
- | 1.05% | |
New Zealand
|
- | 0.03% | |
| Property | 0.69% | - | |
| Emerging Europe | 0.64% | - | |
Romania
|
- | 0.17% | |
Poland
|
- | 0.14% | |
Turkey
|
- | 0.12% | |
Hungary
|
- | 0.09% | |
Serbia
|
- | 0.03% | |
Czech Republic
|
- | 0.02% | |
Bulgaria
|
- | 0.02% | |
Ukraine
|
- | 0.02% | |
Greece
|
- | 0.02% | |
Montenegro
|
- | 0.00% | |
Lithuania
|
- | 0.00% | |
Albania
|
- | 0.00% | |
Slovenia
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
8.57% |
| Large |
|
3.58% |
| Medium |
|
1.64% |
| Small |
|
0.35% |
| Micro |
|
0.04% |
| Non-Classified |
|
31.44% |
| Bonds |
|
50.40% |
| Cash |
|
3.97% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
21.97% |
| 5Yr - 10Yr Maturity |
|
13.66% |
| 10Yr - 15Yr Maturity |
|
4.96% |
| > 15Yr Maturity |
|
9.81% |
| Cash And Equivalents |
|
3.97% |
| Unknown Maturity |
|
19.15% |
| Other Asset Types |
|
26.48% |
Fixed Interest Quality Profile
| AAA |
|
6.38% |
| AA |
|
4.86% |
| A |
|
12.32% |
| BBB |
|
14.15% |
| Sub-Investment Grade |
|
1.08% |
| Unknown Quality |
|
11.61% |
| Cash and Equivalents |
|
3.97% |
| Other Asset Types |
|
45.63% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BlackRock iShares Corporate Bond Index Class X | 26.16% | Managed Funds | Managed Funds |
| 2 | BlackRock (Dublin) iShares US Corporate Bond Index Flexible | 13.20% | Managed Funds | Managed Funds |
| 3 | M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc | 11.99% | Managed Funds | Managed Funds |
| 4 | BlackRock (Dublin) iShares ESG Screened Euro Corporate Bond Index Class Flexible Hedged | 9.23% | Managed Funds | Managed Funds |
| 5 | LONG GILT FUTURE Mar26 | 5.20% | Non-Classified | Non-Classified |
| 6 | US 10YR NOTE (CBT)MAR26 | 4.73% | Non-Classified | Non-Classified |
| 7 | M&G (Lux) Asian Local Currency Bond Class ZI | 4.40% | Managed Funds | Managed Funds |
| 8 | BlackRock iShares UK Equity Index Class X | 4.29% | Managed Funds | Managed Funds |
| 9 | BlackRock iShares Pacific ex Japan Equity Index Class X | 2.38% | Managed Funds | Managed Funds |
| 10 | BlackRock iShares US Equity Index Class X | 2.26% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | LONG GILT FUTURE Mar26 | 5.20% | Non-Classified | Non-Classified |
| 2 | US 10YR NOTE (CBT)MAR26 | 4.73% | Non-Classified | Non-Classified |
| 3 | M&G GBL HI YLD BOND GBP-A | 0.71% | Non-Classified | Non-Classified |
| 4 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.44% | Technology Hardware & Equipment | Taiwan |
| 5 | NASDAQ 100 E-MINI MAR26 | 0.44% | Non-Classified | Non-Classified |
| 6 | M&G EUROPEAN PROPERTY | 0.41% | Non-Classified | Non-Classified |
| 7 | L&G FREEHOLD PROPERTY | 0.36% | Property | Direct Property and REITs |
| 8 | ASTRAZENECA | 0.29% | Pharmaceuticals & Biotechnology | United Kingdom |
| 9 | HSBC HOLDINGS | 0.29% | Banks | United Kingdom |
| 10 | SHELL | 0.26% | Non-Renewable Energy | 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).
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 | B0MSS30 |
| Mex Code | SBMDEF |
| Isin Code | IE00B0MSS304 |
| Citi Code | TJ73 |
Fund Charges
| Annual Management Charge (AMC) | 1.18% |
| Further Costs | 0.06% |
| Yearly Total | 1.24% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to buy units in the WS Prudential Risk Managed Passive 1 Fund - the underlying fund. Underlying Fund Objective: The 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. The fund aims to achieve its objective through investing at least 70% in passive collective investment schemes (e.g. funds which track an index). The Portfolio Manager constructs an actively managed portfolio to provide diversified, indirect exposure to global fixed income and variable rate assets, cash (including money market funds and near cash), equities and/or immovable property. The fund will have a high exposure to lower risk assets such as fixed income assets and cash. |
| Benchmark | IA Mixed Investment 0-35% shares |
| ABI Sector | Mixed Investment 0-35% Shares |
Ratings
| FE Crown |  |
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 Fitzwilliam Court, Leeson Cl, Dublin 2, D02 TC95. 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 authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. 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.