Prudential Discretionary S3
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 | 20.3% | -6.3% | 3.6% | 12.4% | 7.3% |
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% | 7.7% | 7.1% | 6.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| PRELP CLASS A AIF | 1.79 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.93 |
| M&G EUROPEAN PROPERTY FUND EUR G A | 0.91 |
| GBP FWD ASSET 07 JUL 2025 | 0.84 |
| ASTRAZENECA | 0.77 |
| HSBC HOLDINGS | 0.66 |
| Segro Segro Ord GBP0.1 | 0.65 |
| TENCENT HOLDINGS LIMITED | 0.55 |
| UNILEVER | 0.51 |
| EUR FWD ASSET 07 JUL 2025 | 0.48 |
| Total | 8.08 |
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
| Daily price (12/08/2025) | 499.80 |
| Fund size (30/06/2025) | £384.04m |
| Underlying Fund size | £461.47m |
| Number of holdings | 12373 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 06/04/2001 |
Asset Allocation
| International Equities | 41.59% | |
| UK Equities | 17.53% | |
| International Bonds | 12.68% | |
| Cash and Equivalents | 7.76% | |
| UK Corporate Bonds | 3.96% | |
| Property | 3.69% | |
| Investment Trusts | 1.25% | |
| UK Gilts | 0.33% | |
| Alternative Trading Strategies | 0.02% | |
| Other Assets | 11.20% |
Commentary
Performance as at Q2 2025 - In a volatile period, stockmarkets fell sharply early in the quarter in response to President Trump's tariff proposals, which led to worries about a global recession. Investors responded positively to the announcement of a 90-day suspension of tariffs, and most stockmarkets subsequently recovered their earlier losses. The US Federal Reserve and the Bank of England both left interest rates unchanged over the quarter, while the European Central Bank cut rates in May and June. The fund gained in the quarter and was ahead of the benchmark and comparator. In absolute terms, Pacific markets, the UK, Europe and emerging markets produced robust gains, while Japan, India and the US made more modest advances and China declined, all in sterling terms. Pacific and some emerging markets made solid progress in the quarter as US-China trade tensions eased. South Korea was a strong performer on the back of the inauguration of President Lee Jae-myung, whose administration has introduced pro-market reforms. South Korea and Taiwan both benefited from a rally in technology shares, while higher commodity prices supported Australia's stockmarket. Investors appreciated Hong Kong's exposure to technology companies, while markets in mainland China are more focused on heavy industry, property and energy sectors, leading to a notable divergence in the fortunes of stocks in Hong Kong and mainland China. The UK was supported by a USUK trade deal and increasing confidence that a global trade war could be avoided. In Europe, Germany, Italy and Spain registered decent gains, while France lagged the broader region. Despite macroeconomic turbulence, Japanese companies seem to be prioritising balance sheet optimisation, as shown by recordbreaking dividend and share buyback announcements. Investors in the US stockmarket welcomed resilient economic data and encouraging company earnings, although returns for overseas investors were dampened by the weakness of the US dollar. Stock picking in Europe and to a lesser extent the UK supported performance while stock picks in emerging markets, Japan, China and the US were broadly neutral. Stock selection in Pacific markets and India held back returns. In the bond market, UK government bonds (gilts) outperformed US Treasuries and German bunds, with the 10-year gilt yield falling from 4.7% to 4.5% (and conversely, the price rising). Following the initial turbulence in US Treasuries triggered by theUS tariff announcement, the subsequent pause in tariffs helped stabilise yields, resulting in a 0.8% quarter gain in US Treasury prices, with the 10-year yield settling at 4.2%. Meanwhile, investment grade US corporate bonds rose by 1.8%, underscoring the economy's resilience amid policy uncertainty, while investment grade UK corporate bonds outperformed government debt, returning 2.9%. The fund's allocation to fixed income cost some performance, as did exposure to alternative assets, although the position in real estate was beneficial. The fund maintains a small above-index allocation to equities, comprising a diversified basket of US, Asia and global emerging markets. The fund has some above-index positions in US Treasuries, UK gilts and real estate, with below-index allocations to US and European credit. In a tactical move, the Fund Managers increased their position in US Treasuries (relative to US credit) and in UK gilts (relative to European credit), in order to add protection to the fund and seeking to benefit from attractive gilt yields. The economic environment has remained resilient, but rising geopolitical tensions and trade uncertainty may begin to weigh on sentiment. The recent escalation between Iran and Israel has heightened global risk, while legal challenges to the US administration’s proposed tariffs have slowed their rollout. This delay has offered a temporary reprieve for policymakers and trade partners, but markets remain sensitive to further developments.
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 | 41.59% | |
| UK Equities | 17.53% | |
| International Bonds | 12.68% | |
| Cash and Equivalents | 7.76% | |
| UK Corporate Bonds | 3.96% | |
| Property | 3.69% | |
| Investment Trusts | 1.25% | |
| UK Gilts | 0.33% | |
| Alternative Trading Strategies | 0.02% | |
| Other Assets | 11.20% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 16.97% | - | - | - | |
| Financials | 14.72% | - | - | - | |
| Banks | - | 7.22% | - | - | |
| Banks | - | - | 7.22% | - | |
| Banks | - | - | - | 7.22% | |
| Financial Services | - | 4.61% | - | - | |
| Investment Banking & Brokerage Services | - | - | 2.57% | - | |
| Asset Managers & Custodians | - | - | - | 1.41% | |
| Investment Services | - | - | - | 0.93% | |
| Diversified Financial Services | - | - | - | 0.24% | |
| Equity Investment Instruments | - | - | 1.25% | - | |
| Equity Investment Instruments | - | - | - | 1.25% | |
| Finance & Credit Services | - | - | 0.79% | - | |
| Financial Data & Systems | - | - | - | 0.40% | |
| Consumer Lending | - | - | - | 0.26% | |
| Mortgage Finance | - | - | - | 0.12% | |
| Nonequity Investment Instruments | - | - | 0.00% | - | |
| Nonequity Investment Instruments | - | - | - | 0.00% | |
| Insurance | - | 2.89% | - | - | |
| Life Insurance | - | - | 1.55% | - | |
| Life Insurance | - | - | - | 1.55% | |
| Non-life Insurance | - | - | 1.34% | - | |
| Property & Casualty Insurance | - | - | - | 0.69% | |
| Full Line Insurance | - | - | - | 0.34% | |
| Reinsurance | - | - | - | 0.17% | |
| Insurance Brokers | - | - | - | 0.14% | |
| Non-Classified | 11.30% | - | - | - | |
| Non-Classified | - | 6.38% | - | - | |
| Non-Classified | - | - | 6.38% | - | |
| Non-Classified | - | - | - | 6.38% | |
| Industrials | 9.25% | - | - | - | |
| Industrial Goods & Services | - | 8.30% | - | - | |
| Industrial Transportation | - | - | 2.10% | - | |
| Railroads | - | - | - | 0.92% | |
| Transportation Services | - | - | - | 0.43% | |
| Marine Transportation | - | - | - | 0.29% | |
| Commercial Vehicles & Parts | - | - | - | 0.20% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.12% | |
| Delivery Services | - | - | - | 0.10% | |
| Railroad Equipment | - | - | - | 0.01% | |
| Trucking | - | - | - | 0.01% | |
| Industrial Support Services | - | - | 1.69% | - | |
| Professional Business Support Services | - | - | - | 0.60% | |
| Industrial Suppliers | - | - | - | 0.51% | |
| Transaction Processing Services | - | - | - | 0.25% | |
| Business Training & Employment Agencies | - | - | - | 0.21% | |
| Security Services | - | - | - | 0.12% | |
| General Industrials | - | - | 1.27% | - | |
| Diversified Industrials | - | - | - | 0.89% | |
| Containers & Packaging | - | - | - | 0.33% | |
| Plastics | - | - | - | 0.03% | |
| Glass | - | - | - | 0.02% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 1.26% | - | |
| Aerospace | - | - | - | 0.67% | |
| Defense | - | - | - | 0.59% | |
| Electronic & Electrical Equipment | - | - | 1.09% | - | |
| Electrical Components | - | - | - | 0.54% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.27% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.22% | |
| Electronic Equipment: Pollution Control | - | - | - | 0.04% | |
| Electronic Equipment: Other | - | - | - | 0.03% | |
| Industrial Engineering | - | - | 0.88% | - | |
| Machinery: Industrial | - | - | - | 0.33% | |
| Machinery: Construction & Handling | - | - | - | 0.27% | |
| Machinery: Engines | - | - | - | 0.15% | |
| Machinery: Tools | - | - | - | 0.07% | |
| Machinery: Specialty | - | - | - | 0.05% | |
| Machinery: Agricultural | - | - | - | 0.02% | |
| Construction & Materials | - | 0.95% | - | - | |
| Construction & Materials | - | - | 0.95% | - | |
| Building Materials: Other | - | - | - | 0.30% | |
| Construction | - | - | - | 0.26% | |
| Cement | - | - | - | 0.21% | |
| Building: Climate Control | - | - | - | 0.08% | |
| Engineering & Contracting Services | - | - | - | 0.07% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.03% | |
| Cash and Equivalents | 7.76% | - | - | - | |
| Consumer Discretionary | 7.68% | - | - | - | |
| Retail | - | 2.08% | - | - | |
| Retailers | - | - | 2.08% | - | |
| Diversified Retailers | - | - | - | 1.15% | |
| Specialty Retailers | - | - | - | 0.46% | |
| Home Improvement Retailers | - | - | - | 0.27% | |
| Apparel Retailers | - | - | - | 0.20% | |
| Travel & Leisure | - | 1.80% | - | - | |
| Travel & Leisure | - | - | 1.80% | - | |
| Hotels & Motels | - | - | - | 0.65% | |
| Restaurants & Bars | - | - | - | 0.39% | |
| Airlines | - | - | - | 0.34% | |
| Casinos & Gambling | - | - | - | 0.22% | |
| Travel & Tourism | - | - | - | 0.16% | |
| Recreational Services | - | - | - | 0.04% | |
| Consumer Products & Services | - | 1.71% | - | - | |
| Household Goods & Home Construction | - | - | 0.63% | - | |
| Home Construction | - | - | - | 0.47% | |
| Household Appliance | - | - | - | 0.12% | |
| Household Equipment & Products | - | - | - | 0.03% | |
| Household Furnishings | - | - | - | 0.01% | |
| Leisure Goods | - | - | 0.47% | - | |
| Consumer Electronics | - | - | - | 0.18% | |
| Electronic Entertainment | - | - | - | 0.15% | |
| Toys | - | - | - | 0.05% | |
| Recreational Vehicles & Boats | - | - | - | 0.04% | |
| Photography | - | - | - | 0.02% | |
| Recreational Products | - | - | - | 0.02% | |
| Personal Goods | - | - | 0.39% | - | |
| Clothing & Accessories | - | - | - | 0.18% | |
| Luxury Items | - | - | - | 0.10% | |
| Footwear | - | - | - | 0.06% | |
| Cosmetics | - | - | - | 0.05% | |
| Consumer Services | - | - | 0.23% | - | |
| Vending & Catering Service | - | - | - | 0.14% | |
| Consumer Services: Misc. | - | - | - | 0.08% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Education Services | - | - | - | 0.00% | |
| Funeral Parlors & Cemetery | - | - | - | 0.00% | |
| Automobiles & Parts | - | 1.37% | - | - | |
| Automobiles & Parts | - | - | 1.37% | - | |
| Automobiles | - | - | - | 0.97% | |
| Auto Parts | - | - | - | 0.40% | |
| Tires | - | - | - | 0.00% | |
| Auto Services | - | - | - | 0.00% | |
| Media | - | 0.72% | - | - | |
| Media | - | - | 0.72% | - | |
| Media Agencies | - | - | - | 0.38% | |
| Entertainment | - | - | - | 0.12% | |
| Radio & TV Broadcasters | - | - | - | 0.11% | |
| Publishing | - | - | - | 0.11% | |
| Technology | 7.14% | - | - | - | |
| Technology | - | 7.14% | - | - | |
| Software & Computer Services | - | - | 3.65% | - | |
| Consumer Digital Services | - | - | - | 1.47% | |
| Computer Services | - | - | - | 1.09% | |
| Software | - | - | - | 1.08% | |
| Technology Hardware & Equipment | - | - | 3.49% | - | |
| Semiconductors | - | - | - | 2.37% | |
| Computer Hardware | - | - | - | 0.38% | |
| Electronic Components | - | - | - | 0.36% | |
| Production Technology Equipment | - | - | - | 0.36% | |
| Electronic Office Equipment | - | - | - | 0.02% | |
| Real Estate | 6.25% | - | - | - | |
| Real Estate | - | 6.25% | - | - | |
| Real Estate Investment Trusts | - | - | 4.99% | - | |
| Diversified REITs | - | - | - | 1.25% | |
| Industrial REITs | - | - | - | 0.90% | |
| Residential REITs | - | - | - | 0.53% | |
| Retail REITs | - | - | - | 0.48% | |
| Office REITs | - | - | - | 0.43% | |
| Health Care REITs | - | - | - | 0.41% | |
| Other Specialty REITs | - | - | - | 0.37% | |
| Storage REITs | - | - | - | 0.31% | |
| Infrastructure REITs | - | - | - | 0.24% | |
| Hotel & Lodging REITs | - | - | - | 0.04% | |
| Timber REITs | - | - | - | 0.03% | |
| Real Estate Investment & Services | - | - | 1.26% | - | |
| Real Estate Holding and Development | - | - | - | 0.97% | |
| Real Estate Services | - | - | - | 0.29% | |
| Consumer Staples | 3.81% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.94% | - | - | |
| Beverages | - | - | 1.02% | - | |
| Soft Drinks | - | - | - | 0.42% | |
| Distillers & Vintners | - | - | - | 0.36% | |
| Brewers | - | - | - | 0.24% | |
| Food Producers | - | - | 0.92% | - | |
| Food Products | - | - | - | 0.91% | |
| Fruit & Grain Processing | - | - | - | 0.00% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Sugar | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 1.88% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.88% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.78% | |
| Personal Products | - | - | - | 0.63% | |
| Nondurable Household Products | - | - | - | 0.31% | |
| Drug Retailers | - | - | - | 0.16% | |
| Health Care | 3.75% | - | - | - | |
| Health Care | - | 3.75% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.74% | - | |
| Pharmaceuticals | - | - | - | 2.46% | |
| Biotechnology | - | - | - | 0.27% | |
| Medical Equipment & Services | - | - | 0.66% | - | |
| Medical Equipment | - | - | - | 0.50% | |
| Medical Supplies | - | - | - | 0.14% | |
| Medical Services | - | - | - | 0.02% | |
| Health Care Providers | - | - | 0.36% | - | |
| Health Care Management Services | - | - | - | 0.22% | |
| Health Care Facilities | - | - | - | 0.10% | |
| Health Care Services | - | - | - | 0.04% | |
| Health Care: Misc. | - | - | - | 0.00% | |
| Utilities | 3.70% | - | - | - | |
| Utilities | - | 3.70% | - | - | |
| Electricity | - | - | 2.01% | - | |
| Conventional Electricity | - | - | - | 1.94% | |
| Alternative Electricity | - | - | - | 0.07% | |
| Gas, Water & Multi-utilities | - | - | 1.65% | - | |
| Multi-Utilities | - | - | - | 1.13% | |
| Water | - | - | - | 0.33% | |
| Gas Distribution | - | - | - | 0.19% | |
| Waste & Disposal Services | - | - | 0.05% | - | |
| Waste & Disposal Services | - | - | - | 0.05% | |
| Energy | 2.89% | - | - | - | |
| Energy | - | 2.89% | - | - | |
| Non-Renewable Energy | - | - | 2.78% | - | |
| Integrated Oil & Gas | - | - | - | 1.28% | |
| Pipelines | - | - | - | 0.79% | |
| Oil Refining and Marketing | - | - | - | 0.28% | |
| Oil: Crude Producers | - | - | - | 0.26% | |
| Oil Equipment & Services | - | - | - | 0.14% | |
| Offshore Drilling & Other Services | - | - | - | 0.03% | |
| Coal | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.11% | - | |
| Renewable Energy Equipment | - | - | - | 0.09% | |
| Alternative Fuels | - | - | - | 0.02% | |
| Telecommunications | 2.47% | - | - | - | |
| Telecommunications | - | 2.47% | - | - | |
| Telecommunications Service Providers | - | - | 1.60% | - | |
| Telecommunications Services | - | - | - | 1.59% | |
| Cable Television Services | - | - | - | 0.02% | |
| Telecommunications Equipment | - | - | 0.86% | - | |
| Telecommunications Equipment | - | - | - | 0.86% | |
| Basic Materials | 2.29% | - | - | - | |
| Basic Resources | - | 1.48% | - | - | |
| Industrial Metals & Mining | - | - | 1.09% | - | |
| General Mining | - | - | - | 0.50% | |
| Iron & Steel | - | - | - | 0.39% | |
| Copper | - | - | - | 0.11% | |
| Metal Fabricating | - | - | - | 0.06% | |
| Aluminum | - | - | - | 0.03% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.31% | - | |
| Gold Mining | - | - | - | 0.29% | |
| Platinum & Precious Metals | - | - | - | 0.02% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.08% | - | |
| Paper | - | - | - | 0.06% | |
| Diversified Materials | - | - | - | 0.01% | |
| Textile Products | - | - | - | 0.00% | |
| Forestry | - | - | - | 0.00% | |
| Chemicals | - | 0.81% | - | - | |
| Chemicals | - | - | 0.81% | - | |
| Chemicals: Diversified | - | - | - | 0.50% | |
| Specialty Chemicals | - | - | - | 0.20% | |
| Fertilizers | - | - | - | 0.07% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.04% | |
| Alternative Trading Strategies | 0.02% | - | - | - | |
| Alternative Trading Strategies | - | 0.02% | - | - | |
| Alternative Trading Strategies | - | - | 0.02% | - | |
| Alternative Trading Strategies | - | - | - | 0.02% | |
Regional Allocation
| UK | 21.79% | |
| North America | 20.55% | |
| Developed Europe - Excl UK | 12.10% | |
| Emerging Asia | 11.27% | |
| Cash and Equivalents | 7.76% | |
| Non-Classified | 12.71% | |
| Japan | 4.55% | |
| Property | 3.63% | |
| Developed Asia | 3.05% | |
| Other Regions | 2.58% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 75.53% | |
| Pound Sterling | 9.05% | |
| Cash | 7.50% | |
| US Dollar | 6.58% | |
| Euro | 0.83% | |
| Swiss Franc | 0.05% | |
| Other Currencies | 0.43% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 21.79% | - | |
United Kingdom
|
- | 21.81% | |
| North America | 20.55% | - | |
United States
|
- | 18.74% | |
Canada
|
- | 1.81% | |
| Developed Europe - Excl UK | 12.10% | - | |
France
|
- | 2.46% | |
Germany
|
- | 2.42% | |
Switzerland
|
- | 1.31% | |
Netherlands
|
- | 1.24% | |
Ireland
|
- | 0.87% | |
Spain
|
- | 0.66% | |
Luxembourg
|
- | 0.65% | |
Sweden
|
- | 0.54% | |
Denmark
|
- | 0.53% | |
Italy
|
- | 0.45% | |
Finland
|
- | 0.33% | |
Belgium
|
- | 0.25% | |
Norway
|
- | 0.19% | |
Austria
|
- | 0.18% | |
Portugal
|
- | 0.02% | |
Iceland
|
- | 0.00% | |
| Emerging Asia | 11.27% | - | |
China
|
- | 3.81% | |
India
|
- | 2.67% | |
South Korea
|
- | 1.81% | |
Taiwan
|
- | 1.56% | |
Indonesia
|
- | 0.57% | |
Thailand
|
- | 0.41% | |
Philippines
|
- | 0.17% | |
Malaysia
|
- | 0.15% | |
Uzbekistan
|
- | 0.03% | |
Tajikistan
|
- | 0.02% | |
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% | |
Armenia
|
- | 0.00% | |
| Cash and Equivalents | 7.76% | - | |
| Non-Classified | 12.71% | - | |
| Japan | 4.55% | - | |
Japan
|
- | 4.55% | |
| Property | 3.63% | - | |
| Developed Asia | 3.05% | - | |
Hong Kong
|
- | 2.19% | |
Singapore
|
- | 0.86% | |
| South & Central America | 0.82% | - | |
Mexico
|
- | 0.30% | |
Brazil
|
- | 0.25% | |
Peru
|
- | 0.05% | |
Colombia
|
- | 0.05% | |
Argentina
|
- | 0.05% | |
Chile
|
- | 0.03% | |
Dominican Republic
|
- | 0.02% | |
Paraguay
|
- | 0.01% | |
Uruguay
|
- | 0.01% | |
Venezuela
|
- | 0.01% | |
Guatemala
|
- | 0.01% | |
Suriname
|
- | 0.01% | |
Jamaica
|
- | 0.01% | |
Barbados
|
- | 0.00% | |
Ecuador
|
- | 0.00% | |
Honduras
|
- | 0.00% | |
Cayman Islands
|
- | 0.00% | |
Virgin Islands (British)
|
- | 0.00% | |
El Salvador
|
- | 0.00% | |
Costa Rica
|
- | 0.00% | |
Bolivia
|
- | 0.00% | |
| Australia & New Zealand | 0.78% | - | |
Australia
|
- | 0.75% | |
New Caledonia
|
- | 0.02% | |
New Zealand
|
- | 0.01% | |
| Middle East & Africa | 0.61% | - | |
South Africa
|
- | 0.17% | |
United Arab Emirates
|
- | 0.12% | |
Saudi Arabia
|
- | 0.07% | |
Israel
|
- | 0.07% | |
Egypt
|
- | 0.02% | |
Nigeria
|
- | 0.02% | |
Iraq
|
- | 0.02% | |
Benin
|
- | 0.02% | |
Cote D'Ivoire
|
- | 0.01% | |
Ghana
|
- | 0.01% | |
Zambia
|
- | 0.01% | |
Cameroon
|
- | 0.01% | |
Morocco
|
- | 0.01% | |
Qatar
|
- | 0.01% | |
Rwanda
|
- | 0.00% | |
Oman
|
- | 0.00% | |
Angola
|
- | 0.00% | |
Kenya
|
- | 0.00% | |
Mozambique
|
- | 0.00% | |
Senegal
|
- | 0.00% | |
Jordan
|
- | 0.00% | |
Gabon
|
- | 0.00% | |
Kuwait
|
- | 0.00% | |
Togo
|
- | 0.00% | |
Ethiopia
|
- | 0.00% | |
Lebanon
|
- | 0.00% | |
Tunisia
|
- | 0.00% | |
| Emerging Europe | 0.37% | - | |
Greece
|
- | 0.10% | |
Turkey
|
- | 0.07% | |
Poland
|
- | 0.06% | |
Hungary
|
- | 0.06% | |
Romania
|
- | 0.02% | |
Ukraine
|
- | 0.02% | |
Serbia
|
- | 0.01% | |
Czech Republic
|
- | 0.01% | |
Montenegro
|
- | 0.00% | |
Bulgaria
|
- | 0.00% | |
Bosnia and Herzegowina
|
- | 0.00% | |
Albania
|
- | 0.00% | |
Slovenia
|
- | 0.00% | |
Russian Federation
|
- | 0.00% | |
Breakdown By Market Cap (%)
| Mega |
|
26.92% |
| Large |
|
16.70% |
| Medium |
|
11.45% |
| Small |
|
2.21% |
| Micro |
|
0.27% |
| Non-Classified |
|
17.73% |
| Bonds |
|
16.97% |
| Cash |
|
7.76% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
8.47% |
| 5Yr - 10Yr Maturity |
|
4.50% |
| 10Yr - 15Yr Maturity |
|
1.24% |
| > 15Yr Maturity |
|
2.76% |
| Cash And Equivalents |
|
7.76% |
| Unknown Maturity |
|
4.87% |
| Other Asset Types |
|
70.41% |
Fixed Interest Quality Profile
| AAA |
|
1.10% |
| AA |
|
2.39% |
| A |
|
4.32% |
| BBB |
|
5.02% |
| Sub-Investment Grade |
|
1.35% |
| Unknown Quality |
|
2.79% |
| Cash and Equivalents |
|
7.76% |
| Other Asset Types |
|
75.27% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G PP UK Equity Fund | 17.90% | Managed Funds | Managed Funds |
| 2 | M&G Sterling Investment Grade Corporate Bond Class Z2A | 9.42% | Managed Funds | Managed Funds |
| 3 | M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A | 9.40% | Managed Funds | Managed Funds |
| 4 | M&G (LUX) FCP Europe ex UK Equity Fund Z2A Acc | 4.38% | Managed Funds | Managed Funds |
| 5 | M&G (LUX) ASIAN BD ALLO GBP Z2A AC | 4.17% | Managed Funds | Managed Funds |
| 6 | M&G (1) US Corporate Bond Class Z2A GBP | 4.12% | Managed Funds | Managed Funds |
| 7 | M&G (ACS) BlackRock US Equity 2 Z2A GBP ACC | 4.02% | Managed Funds | Managed Funds |
| 8 | M&G (ACS) Japan Equity Fund Z2A Acc | 3.82% | Managed Funds | Managed Funds |
| 9 | Legal & General Global Infrastructure Index Class C | 3.62% | Managed Funds | Managed Funds |
| 10 | iShares iShares II plc UK Property UCITS ETF GBP (Dist) | 2.92% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | PRELP CLASS A AIF | 1.79% | Non-Classified | Non-Classified |
| 2 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 0.93% | Technology Hardware & Equipment | Taiwan |
| 3 | M&G EUROPEAN PROPERTY FUND EUR G A | 0.91% | Non-Classified | Non-Classified |
| 4 | GBP FWD ASSET 07 JUL 2025 | 0.84% | Non-Classified | Non-Classified |
| 5 | ASTRAZENECA | 0.77% | Pharmaceuticals & Biotechnology | United Kingdom |
| 6 | HSBC HOLDINGS | 0.66% | Banks | United Kingdom |
| 7 | Segro Segro Ord GBP0.1 | 0.65% | Real Estate Investment Trusts | Direct Property and REITs |
| 8 | TENCENT HOLDINGS LIMITED | 0.55% | Software & Computer Services | China |
| 9 | UNILEVER | 0.51% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 10 | EUR FWD ASSET 07 JUL 2025 | 0.48% | Non-Classified | Non-Classified |
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 | 3168574 |
| Mex Code | PUD |
| Isin Code | GB0031685745 |
| Citi Code | P271 |
Fund Charges
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
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). |
| ABI Sector | 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.