WS Prudential WS Prudential Risk Managed Active 2 Class P Inc

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

Performance

Discrete performance - to last month end

31/01/19
to
31/01/20
31/01/20
to
31/01/21
31/01/21
to
31/01/22
31/01/22
to
31/01/23
31/01/23
to
31/01/24
Fund 9.6% 4.6% 2.5% -5.4% 1.4%
Benchmark 8.9% 3.2% 4.3% -3.8% 3.2%

Annualised performance

Annualised
3 Years to
31/01/24
5 Years to
31/01/24
10 Years to
31/01/24
Fund -0.6% 2.4% 3.5%
Benchmark 1.2% 3.1% 3.7%

Top 10 Holdings

Stock % Weight
L&G FREEHOLD PROPERTY 1.71
iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) 1.50
iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.68
⅞ Treasury 2046 0.30
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.29
3¼% Treasury Gilt 2044 0.28
SAMSUNG ELECTRONICS CO. LTD 0.27
ASTRAZENECA 0.26
HSBC HOLDINGS 0.25
M&G EUROPEAN PROPERTY 0.24
Total 5.77

Fund Aims

The Sub-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 10%. 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 10%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.

Fund Manager

Philip Butler manager for 7 years and 3 months

Photo of Philip Butler Phil Butler, CFA, is Portfolio Manager at M&G, part of the Treasury and Investment Office (T&IO formerly PPMG). The Investment Office is the fiduciary manager of Prudential UK&E Assets managing the retail saving solutions, legacy annuity products, with-profits policies and unit-linked solutions of Prudential UK&E. Phil is the lead portfolio manager of the WS Prudential Risk Managed Active and Passive fund ranges, the recently launched PruFund Planet range, as well as the Groups Unit Linked business; managing over £7bn in assets. Phil provides cover on a wider £100bn+ of multi-asset funds, including RM PruFund. Phil joined the Investment Office in late 2011 to become a member of the Multi-Asset Portfolio Management Team and specialised in the management of the unitised multi-asset funds. Prior to this, Phil was part of M&Gs Investment graduate scheme rotating through various specialist investment teams in different asset classes across the company. Before M&G, he spent 13 months at the Bank of England as a research assistant whilst completing his Banking and International Finance BSc at Cass Business School. Phil is governed by M&G Investment Management under the FCA’s Certification Regime and is a CFA charterholder.

Fund Overview

Mid (23/02/2024) 119.05p
Historic yield 1.70%
Fund size (31/01/2024) £283.68m
Number of holdings 7182
Entry Charge 0.00%
Ongoing Charges 0.58%
Launch date 15/11/2013

Asset Allocation

pie chart
  International Bonds 21.30%
  International Equities 14.42%
  Money Market 8.14%
  Alternative Trading Strategies 7.55%
  UK Corporate Bonds 6.89%
  UK Equities 6.51%
  Property 3.09%
  Investment Trusts 2.15%
  Cash and Equivalents 0.72%
  Other Assets 29.25%

Commentary

January 2024 Investment Summary

A negative month for the Active range with returns ranging from -1.01%* for Active 3 to -1.43%* for Active 5.
P Acc share class with data sourced from FE analytics as at 31 January 2024.

January 2024 was a mixed month for portfolios generally.

Most major equity markets continued to rise as slowing inflation maintained hope amongst investors of interest rate cuts in 2024. Communications services led the sector-wise performance while Real Estate and Utilities lagged.

Government bond prices were flat as the ten-year Treasury yield edged up to 3.99% from 3.95% over the month. The bond market rally in late 2023 signalled a growing consensus that borrowing costs will continue to fall in 2024.

The US labour market remained steady at the start of 2024. US labour costs rose less than expected in quarter 4 with the annual increase the smallest in two years. Government data is projected to show payrolls increased by 180,000 in January. Higher minimum wages are now in effect from 1 January across 22 states to improve the gap seen between wage growth and inflation. US consumer confidence increased in January for the third straight month and to its highest level in more than two years.

Conflict in the Middle East continues with tensions rising regarding the Houthi Rebels, creating speculation on the impact of supply chains. Shipping companies continue to divert vessels to avoid the possibility of attack with the market reaction still fairly muted, but potential for an expansion of the conflict is being monitored, following deadly strikes from militia’s on the US military. Brent Crude has climbed to $80/barrel from $75/barrel.

Central banks’ continue to keep monetary policy tight enough to drive inflation back towards the 2% target, there is growing evidence of a continued softening in inflation. This has led focus to turn to the potential for central banks to ease policy rates to prevent further restriction to the economy and the prospect for a global economic ‘soft landing’.

Recent price moves suggest equities and bonds appear to be pricing this goldilocks outcome, although there is growing evidence higher borrowing costs are slowing economic activity.

WS Prudential Risk Managed Active - Tactical asset allocation activity

*With continued disinflation traction, alongside the strong fundamentals of the US economy and the spill-over effects this could have globally, the portfolio managers remain moderately overweight equities (+2.25%), with funding from European investment grade (-1.75%) and Cash (-0.50%).

Portfolio data accurate as at: 31/01/24

Important Information

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 ongoing charges, but take no account of product charges. Ongoing charges 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 income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 21.30%
  International Equities 14.42%
  Money Market 8.14%
  Alternative Trading Strategies 7.55%
  UK Corporate Bonds 6.89%
  UK Equities 6.51%
  Property 3.09%
  Investment Trusts 2.15%
  Cash and Equivalents 0.72%
  Other Assets 29.25%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Non-Classified 31.24% - - -
 
Non-Classified - 23.98% - -
 
Non-Classified - - 23.98% -
 
Non-Classified - - - 23.98%
 
Bonds 28.77% - - -
 
Cash and Equivalents 8.68% - - -
 
Alternative Trading Strategies 7.55% - - -
 
Alternative Trading Strategies - 7.55% - -
 
Alternative Trading Strategies - - 7.55% -
 
Alternative Trading Strategies - - - 7.55%
 
Financials 6.06% - - -
 
Financial Services - 3.22% - -
 
Equity Investment Instruments - - 2.15% -
 
Equity Investment Instruments - - - 2.15%
 
Investment Banking & Brokerage Services - - 0.89% -
 
Asset Managers & Custodians - - - 0.49%
 
Investment Services - - - 0.32%
 
Diversified Financial Services - - - 0.08%
 
Finance & Credit Services - - 0.18% -
 
Financial Data & Systems - - - 0.10%
 
Consumer Lending - - - 0.04%
 
Mortgage Finance - - - 0.04%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Banks - 1.97% - -
 
Banks - - 1.97% -
 
Banks - - - 1.97%
 
Insurance - 0.86% - -
 
Life Insurance - - 0.47% -
 
Life Insurance - - - 0.47%
 
Non-life Insurance - - 0.39% -
 
Property & Casualty Insurance - - - 0.20%
 
Full Line Insurance - - - 0.12%
 
Reinsurance - - - 0.04%
 
Insurance Brokers - - - 0.03%
 
Industrials 3.45% - - -
 
Industrial Goods & Services - 3.21% - -
 
Industrial Transportation - - 0.85% -
 
Railroads - - - 0.39%
 
Transportation Services - - - 0.18%
 
Marine Transportation - - - 0.15%
 
Commercial Vehicle-Equipment Leasing - - - 0.05%
 
Delivery Services - - - 0.04%
 
Commercial Vehicles & Parts - - - 0.03%
 
Railroad Equipment - - - 0.01%
 
Trucking - - - 0.00%
 
Industrial Support Services - - 0.76% -
 
Professional Business Support Services - - - 0.24%
 
Industrial Suppliers - - - 0.24%
 
Transaction Processing Services - - - 0.14%
 
Business Training & Employment Agencies - - - 0.08%
 
Security Services - - - 0.05%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 0.57% -
 
Diversified Industrials - - - 0.36%
 
Containers & Packaging - - - 0.19%
 
Glass - - - 0.00%
 
Paints & Coatings - - - 0.00%
 
Plastics - - - 0.00%
 
Industrial Engineering - - 0.38% -
 
Machinery: Industrial - - - 0.12%
 
Machinery: Construction & Handling - - - 0.10%
 
Machinery: Engines - - - 0.06%
 
Machinery: Tools - - - 0.05%
 
Machinery: Specialty - - - 0.03%
 
Machinery: Agricultural - - - 0.01%
 
Electronic & Electrical Equipment - - 0.38% -
 
Electrical Components - - - 0.22%
 
Electronic Equipment: Control & Filter - - - 0.08%
 
Electronic Equipment: Gauges & Meters - - - 0.07%
 
Electronic Equipment: Pollution Control - - - 0.01%
 
Electronic Equipment: Other - - - 0.00%
 
Aerospace & Defence - - 0.28% -
 
Defense - - - 0.16%
 
Aerospace - - - 0.12%
 
Construction & Materials - 0.23% - -
 
Construction & Materials - - 0.23% -
 
Building Materials: Other - - - 0.07%
 
Construction - - - 0.06%
 
Cement - - - 0.05%
 
Building: Climate Control - - - 0.03%
 
Engineering & Contracting Services - - - 0.01%
 
Building, Roofing/Wallboard & Plumbing - - - 0.01%
 
Consumer Discretionary 3.10% - - -
 
Consumer Products & Services - 0.80% - -
 
Household Goods & Home Construction - - 0.29% -
 
Home Construction - - - 0.23%
 
Household Appliance - - - 0.05%
 
Household Furnishings - - - 0.01%
 
Household Equipment & Products - - - 0.00%
 
Leisure Goods - - 0.20% -
 
Consumer Electronics - - - 0.08%
 
Electronic Entertainment - - - 0.06%
 
Recreational Vehicles & Boats - - - 0.02%
 
Photography - - - 0.02%
 
Recreational Products - - - 0.01%
 
Toys - - - 0.01%
 
Consumer Services - - 0.16% -
 
Vending & Catering Service - - - 0.10%
 
Consumer Services: Misc. - - - 0.05%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Personal Goods - - 0.16% -
 
Clothing & Accessories - - - 0.07%
 
Luxury Items - - - 0.04%
 
Cosmetics - - - 0.02%
 
Footwear - - - 0.02%
 
Retail - 0.78% - -
 
Retailers - - 0.78% -
 
Diversified Retailers - - - 0.48%
 
Specialty Retailers - - - 0.12%
 
Home Improvement Retailers - - - 0.09%
 
Apparel Retailers - - - 0.09%
 
Automobiles & Parts - 0.62% - -
 
Automobiles & Parts - - 0.62% -
 
Automobiles - - - 0.46%
 
Auto Parts - - - 0.14%
 
Tires - - - 0.02%
 
Travel & Leisure - 0.51% - -
 
Travel & Leisure - - 0.51% -
 
Hotels & Motels - - - 0.18%
 
Restaurants & Bars - - - 0.11%
 
Casinos & Gambling - - - 0.08%
 
Airlines - - - 0.07%
 
Travel & Tourism - - - 0.06%
 
Recreational Services - - - 0.02%
 
Media - 0.38% - -
 
Media - - 0.38% -
 
Publishing - - - 0.14%
 
Media Agencies - - - 0.13%
 
Radio & TV Broadcasters - - - 0.07%
 
Entertainment - - - 0.04%
 
Technology 2.50% - - -
 
Technology - 2.50% - -
 
Software & Computer Services - - 1.34% -
 
Consumer Digital Services - - - 0.64%
 
Software - - - 0.48%
 
Computer Services - - - 0.22%
 
Technology Hardware & Equipment - - 1.15% -
 
Semiconductors - - - 0.74%
 
Computer Hardware - - - 0.18%
 
Production Technology Equipment - - - 0.12%
 
Electronic Components - - - 0.10%
 
Electronic Office Equipment - - - 0.01%
 
Real Estate 1.65% - - -
 
Real Estate - 1.65% - -
 
Real Estate Investment Trusts - - 1.29% -
 
Diversified REITs - - - 0.35%
 
Industrial REITs - - - 0.26%
 
Residential REITs - - - 0.13%
 
Office REITs - - - 0.12%
 
Infrastructure REITs - - - 0.11%
 
Storage REITs - - - 0.09%
 
Retail REITs - - - 0.09%
 
Health Care REITs - - - 0.07%
 
Other Specialty REITs - - - 0.06%
 
Timber REITs - - - 0.01%
 
Hotel & Lodging REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.36% -
 
Real Estate Holding and Development - - - 0.25%
 
Real Estate Services - - - 0.11%
 
Health Care 1.45% - - -
 
Health Care - 1.45% - -
 
Pharmaceuticals & Biotechnology - - 1.13% -
 
Pharmaceuticals - - - 1.02%
 
Biotechnology - - - 0.11%
 
Medical Equipment & Services - - 0.22% -
 
Medical Equipment - - - 0.17%
 
Medical Supplies - - - 0.05%
 
Medical Services - - - 0.00%
 
Health Care Providers - - 0.09% -
 
Health Care Management Services - - - 0.07%
 
Health Care Services - - - 0.01%
 
Health Care Facilities - - - 0.01%
 
Consumer Staples 1.31% - - -
 
Personal Care, Drug & Grocery Stores - 0.67% - -
 
Personal Care, Drug & Grocery Stores - - 0.67% -
 
Food Retailers & Wholesalers - - - 0.34%
 
Personal Products - - - 0.22%
 
Nondurable Household Products - - - 0.07%
 
Drug Retailers - - - 0.04%
 
Food, Beverage & Tobacco - 0.65% - -
 
Beverages - - 0.38% -
 
Distillers & Vintners - - - 0.19%
 
Soft Drinks - - - 0.14%
 
Brewers - - - 0.06%
 
Food Producers - - 0.26% -
 
Food Products - - - 0.26%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Fruit & Grain Processing - - - 0.00%
 
Utilities 1.26% - - -
 
Utilities - 1.26% - -
 
Electricity - - 0.74% -
 
Conventional Electricity - - - 0.71%
 
Alternative Electricity - - - 0.03%
 
Gas, Water & Multi-utilities - - 0.51% -
 
Multi-Utilities - - - 0.37%
 
Water - - - 0.09%
 
Gas Distribution - - - 0.06%
 
Waste & Disposal Services - - 0.01% -
 
Waste & Disposal Services - - - 0.01%
 
Energy 1.11% - - -
 
Energy - 1.11% - -
 
Non-Renewable Energy - - 1.09% -
 
Integrated Oil & Gas - - - 0.56%
 
Pipelines - - - 0.24%
 
Oil: Crude Producers - - - 0.15%
 
Oil Refining and Marketing - - - 0.08%
 
Oil Equipment & Services - - - 0.06%
 
Offshore Drilling & Other Services - - - 0.00%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.03% -
 
Renewable Energy Equipment - - - 0.03%
 
Basic Materials 0.99% - - -
 
Basic Resources - 0.62% - -
 
Industrial Metals & Mining - - 0.50% -
 
General Mining - - - 0.32%
 
Iron & Steel - - - 0.12%
 
Copper - - - 0.03%
 
Metal Fabricating - - - 0.02%
 
Aluminum - - - 0.01%
 
Nonferrous Metals - - - 0.00%
 
Precious Metals & Mining - - 0.08% -
 
Gold Mining - - - 0.07%
 
Platinum & Precious Metals - - - 0.00%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.05% -
 
Paper - - - 0.03%
 
Diversified Materials - - - 0.01%
 
Forestry - - - 0.00%
 
Textile Products - - - 0.00%
 
Chemicals - 0.36% - -
 
Chemicals - - 0.36% -
 
Chemicals: Diversified - - - 0.26%
 
Specialty Chemicals - - - 0.08%
 
Fertilizers - - - 0.02%
 
Chemicals & Synthetic Fibers - - - 0.01%
 
Telecommunications 0.88% - - -
 
Telecommunications - 0.88% - -
 
Telecommunications Service Providers - - 0.44% -
 
Telecommunications Services - - - 0.42%
 
Cable Television Services - - - 0.02%
 
Telecommunications Equipment - - 0.44% -
 
Telecommunications Equipment - - - 0.44%

Regional Allocation

pie chart
  Non-Classified 40.29%
  UK 13.99%
  Developed Europe - Excl UK 11.30%
  North America 11.13%
  Cash and Equivalents 8.86%
  Emerging Asia 4.39%
  Property 3.07%
  Japan 2.03%
  South & Central America 1.66%
  Other Regions 3.29%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 70.52%
  Pound Sterling 17.17%
  US Dollar 5.42%
  Euro 4.73%
  Cash 0.72%
  Brazilian Real 0.16%
  Other Currencies 1.28%

Regional Breakdown

Expand allCollapse all
Region Country
 
Non-Classified 40.29% -
 
UK 13.99% -
 
United Kingdom - 13.99%
 
Jersey - 0.00%
 
Developed Europe - Excl UK 11.30% -
 
France - 3.04%
 
Germany - 2.03%
 
Netherlands - 1.62%
 
Luxembourg - 0.89%
 
Switzerland - 0.71%
 
Spain - 0.51%
 
Italy - 0.48%
 
Sweden - 0.47%
 
Ireland - 0.42%
 
Denmark - 0.32%
 
Finland - 0.23%
 
Norway - 0.23%
 
Belgium - 0.20%
 
Austria - 0.10%
 
Iceland - 0.03%
 
Portugal - 0.01%
 
North America 11.13% -
 
United States - 10.01%
 
Canada - 1.12%
 
Cash and Equivalents 8.86% -
 
Emerging Asia 4.39% -
 
China - 1.58%
 
South Korea - 0.75%
 
Taiwan - 0.48%
 
India - 0.47%
 
Indonesia - 0.39%
 
Philippines - 0.19%
 
Malaysia - 0.16%
 
Thailand - 0.12%
 
Uzbekistan - 0.05%
 
Viet Nam - 0.04%
 
Kazakhstan - 0.03%
 
Azerbaijan - 0.03%
 
Mongolia - 0.02%
 
Georgia - 0.02%
 
Tajikistan - 0.02%
 
Armenia - 0.02%
 
Sri Lanka - 0.01%
 
Papua New Guinea - 0.01%
 
Pakistan - 0.00%
 
Macau - 0.00%
 
Property 3.07% -
 
Japan 2.03% -
 
Japan - 2.03%
 
South & Central America 1.66% -
 
Mexico - 0.60%
 
Brazil - 0.30%
 
Colombia - 0.18%
 
Peru - 0.11%
 
Dominican Republic - 0.09%
 
Uruguay - 0.08%
 
Argentina - 0.05%
 
Guatemala - 0.04%
 
Paraguay - 0.03%
 
Chile - 0.03%
 
Honduras - 0.02%
 
Trinidad and Tobago - 0.02%
 
Panama - 0.02%
 
Costa Rica - 0.02%
 
Barbados - 0.02%
 
El Salvador - 0.02%
 
Jamaica - 0.01%
 
Ecuador - 0.01%
 
Cayman Islands - 0.01%
 
Venezuela - 0.01%
 
Bolivia - 0.00%
 
Developed Asia 1.17% -
 
Hong Kong - 0.81%
 
Singapore - 0.37%
 
Middle East & Africa 0.86% -
 
South Africa - 0.17%
 
Israel - 0.12%
 
United Arab Emirates - 0.11%
 
Qatar - 0.05%
 
Nigeria - 0.04%
 
Morocco - 0.04%
 
Oman - 0.04%
 
Cote D'Ivoire - 0.03%
 
Gabon - 0.03%
 
Egypt - 0.03%
 
Senegal - 0.03%
 
Jordan - 0.03%
 
Benin - 0.02%
 
Angola - 0.02%
 
Kenya - 0.02%
 
Mozambique - 0.02%
 
Rwanda - 0.01%
 
Cameroon - 0.01%
 
Ghana - 0.01%
 
Iraq - 0.01%
 
Zambia - 0.01%
 
Saudi Arabia - 0.01%
 
Kuwait - 0.01%
 
Ethiopia - 0.00%
 
Lebanon - 0.00%
 
Tunisia - 0.00%
 
Australia & New Zealand 0.63% -
 
Australia - 0.61%
 
New Zealand - 0.02%
 
New Caledonia - 0.01%
 
Emerging Europe 0.62% -
 
Romania - 0.12%
 
Hungary - 0.10%
 
Poland - 0.09%
 
Turkey - 0.06%
 
Greece - 0.04%
 
Albania - 0.03%
 
Serbia - 0.03%
 
Slovakia (Slovak Republic) - 0.03%
 
Ukraine - 0.02%
 
Russian Federation - 0.02%
 
Croatia - 0.02%
 
Bulgaria - 0.01%
 
Macedonia, The Former Yugoslav Republic Of - 0.01%
 
Bosnia and Herzegowina - 0.01%
 
Montenegro - 0.01%
 
Czech Republic - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
9.91%
Large
 
 
5.32%
Medium
 
 
4.37%
Small
 
 
1.16%
Micro
 
 
0.94%
Non-Classified
 
 
40.85%
Bonds
 
 
28.77%
Cash
 
 
8.68%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
13.68%
5Yr - 10Yr Maturity
 
 
8.39%
10Yr - 15Yr Maturity
 
 
2.26%
> 15Yr Maturity
 
 
4.44%
Cash And Equivalents
 
 
8.68%
Unknown Maturity
 
 
7.06%
Other Asset Types
 
 
55.49%

Fixed Interest Quality Profile

AAA
 
 
2.79%
AA
 
 
2.74%
A
 
 
5.27%
BBB
 
 
6.69%
Sub-Investment Grade
 
 
2.42%
Unknown Quality
 
 
8.85%
Cash and Equivalents
 
 
8.68%
Other Asset Types
 
 
62.55%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G (1) Sterling Investment Grade Corporate Bond Class Z2A GBP 18.12% Managed Funds Managed Funds
2 Eastspring US Corporate Bond Class EG (hedged) 10.89% Managed Funds Managed Funds
3 M&G (LUX) FCP Sterling Liquidity Fund Z6A Acc 9.53% Managed Funds Managed Funds
4 M&G (LUX) FCP Asian Local CCY Bond Class ZI 7.85% Managed Funds Managed Funds
5 M&G Global High Yield Bond Class A GBP 3.91% Managed Funds Managed Funds
6 M&G Emerging Markets Bond Class PP GBP 3.81% Managed Funds Managed Funds
7 M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A 3.45% Managed Funds Managed Funds
8 M&G European Credit Investment Class E GBP Hedged 3.01% Managed Funds Managed Funds
9 M&G (Lux) Asian Corporate Bond Class ZI-H A 2.62% Managed Funds Managed Funds
10 M&G (ACS) BlackRock UK 200 Equity Fund Z4A Acc 2.56% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 L&G FREEHOLD PROPERTY 1.71% Non-Classified Non-Classified
2 iShares iShares II plc Asia Property Yield UCITS ETF USD (Dist) 1.50% Non-Classified Direct Property and REITs
3 iShares iShares plc European Property Yield UCITS ETF EUR (Dist) 0.68% Non-Classified Direct Property and REITs
4 ⅞ Treasury 2046 0.30% Bonds United Kingdom
5 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.29% Technology Hardware & Equipment Taiwan
6 3¼% Treasury Gilt 2044 0.28% Bonds United Kingdom
7 SAMSUNG ELECTRONICS CO. LTD 0.27% Telecommunications Equipment South Korea
8 ASTRAZENECA 0.26% Pharmaceuticals & Biotechnology United Kingdom
9 HSBC HOLDINGS 0.25% Banks United Kingdom
10 M&G EUROPEAN PROPERTY 0.24% Non-Classified Non-Classified

Important Information

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 BF23261
Mex Code -
Isin Code GB00BF232610
Citi Code JRPX

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.58%

Aims and Benchmark

Aims The Sub-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 10%. 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 10%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.
Benchmark IA Mixed Investment 20-60% shares
Benchmark Category Comparator
IA Sector Volatility Managed

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Annually
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 November 31 December

Ratings

FE Crown Crown Rating of 2

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository The Bank of New York Mellon (International) Limited
Fund Administrator Link Fund Administrators Limited
Fund Registrar Link Fund Administrators Limited
Fund Custodian The Bank of New York Mellon (International) Limited

Group Details

Group name Waystone Management (UK) Limited
Group address PO Box 389, DARLINGTON, DL1 9UF
Group telephone 0345 9220044
Dealing telephone 0344 3358936
Email investorservices@linkgroup.co.uk
Homepage www.waystone.com
Fax number 0113 2246001

Dealing

Minimum Investment £500000
Minimum Top Up £10000
Minimum Regular Saving -
Settlement Period: Buy 4 days
Settlement Period: Sell 4 days
Pricing Basis Forward
Dealing Decimals 2

Important Information

Ongoing charges 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

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 ongoing charges, but take no account of product charges. Ongoing charges 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 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. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.