PIA Deferred Distribution EUR Ser B

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

Performance

Discrete performance - to last month end

31/10/20
to
31/10/21
31/10/21
to
31/10/22
31/10/22
to
31/10/23
31/10/23
to
31/10/24
31/10/24
to
31/10/25
Fund 19.8% -9.0% 4.9% 11.7% 10.7%
Sector 16.6% -10.4% -1.7% 15.5% 5.7%
Rank 85/240 77/250 2/252 227/266 12/273
Quartile 2 2 1 4 1

Annualised performance

Annualised
3 Years to
31/10/25
5 Years to
31/10/25
10 Years to
31/10/25
Fund 9.1% 7.2% 3.0%
Sector 6.3% 4.6% 2.2%
Rank 21/252 25/240 41/170
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
EURO-BUND DEC 25 3.94
8 GREENWICH VIEW PLACE 3.18
CAPITOL THEATRE ABERDEEN 2.93
PREMIER INN HOTEL THE WATERFR 1.98
OFFSET- EURO-BOBL DEC 25 1.86
LLOYDS BANK PLC EURO 1.9% 01/10/2025 1.84
SIEMENS AKTIENGESELLSCHAFT 1.75
EURO-SCHATZ DEC 25 1.66
GERMANY (FEDERAL REPUBLIC OF) 0% 15/08/2030 1.31
NOVO NORDISK A/S 1.23
Total 21.68

Fund Aims

Objective: The fund aims to deliver capital growth together with reinvested income over the longer term.

Fund Investments: The fund primarily invests in European equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro.

Fund Manager

M&G Treasury & Investment Office manager for 20 years

Photo of M&G Treasury & Investment Office The M&G Treasury and Investment Office (T&IO) 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.

Fund Overview

Bid (31/10/2025) 1.77
Offer (31/10/2025) 1.86
Fund size (30/09/2025) €0.74m
Number of holdings 1209
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.33%
Yearly Total 1.63%

Asset Allocation

pie chart
  International Equities 44.60%
  International Bonds 34.97%
  Property 9.53%
  Cash and Equivalents 4.84%
  UK Corporate Bonds 2.55%
  UK Equities 0.00%
  Other Assets 3.51%

Commentary

Not currently available.

Portfolio data accurate as at: 30/09/25

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 44.60%
  International Bonds 34.97%
  Property 9.53%
  Cash and Equivalents 4.84%
  UK Corporate Bonds 2.55%
  UK Equities 0.00%
  Other Assets 3.51%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 37.52% - - -
 
Financials 11.85% - - -
 
Banks - 7.75% - -
 
Banks - - 7.75% -
 
Banks - - - 7.75%
 
Insurance - 2.65% - -
 
Non-life Insurance - - 2.27% -
 
Full Line Insurance - - - 1.43%
 
Reinsurance - - - 0.70%
 
Property & Casualty Insurance - - - 0.14%
 
Life Insurance - - 0.38% -
 
Life Insurance - - - 0.38%
 
Financial Services - 1.45% - -
 
Investment Banking & Brokerage Services - - 1.45% -
 
Asset Managers & Custodians - - - 0.99%
 
Diversified Financial Services - - - 0.43%
 
Investment Services - - - 0.03%
 
Property 9.03% - - -
 
Property - 9.03% - -
 
Property - - 9.03% -
 
Property - - - 9.03%
 
Industrials 8.83% - - -
 
Industrial Goods & Services - 6.32% - -
 
General Industrials - - 1.83% -
 
Diversified Industrials - - - 1.83%
 
Industrial Transportation - - 1.53% -
 
Commercial Vehicles & Parts - - - 0.67%
 
Transportation Services - - - 0.42%
 
Railroads - - - 0.40%
 
Delivery Services - - - 0.03%
 
Railroad Equipment - - - 0.01%
 
Aerospace & Defence - - 0.94% -
 
Defense - - - 0.75%
 
Aerospace - - - 0.19%
 
Industrial Support Services - - 0.82% -
 
Security Services - - - 0.65%
 
Professional Business Support Services - - - 0.11%
 
Transaction Processing Services - - - 0.06%
 
Electronic & Electrical Equipment - - 0.81% -
 
Electrical Components - - - 0.64%
 
Electronic Equipment: Control & Filter - - - 0.17%
 
Industrial Engineering - - 0.39% -
 
Machinery: Construction & Handling - - - 0.11%
 
Machinery: Tools - - - 0.11%
 
Machinery: Engines - - - 0.10%
 
Machinery: Industrial - - - 0.08%
 
Construction & Materials - 2.51% - -
 
Construction & Materials - - 2.51% -
 
Cement - - - 0.90%
 
Building Materials: Other - - - 0.88%
 
Construction - - - 0.37%
 
Engineering & Contracting Services - - - 0.24%
 
Building, Roofing/Wallboard & Plumbing - - - 0.11%
 
Building: Climate Control - - - 0.01%
 
Health Care 5.29% - - -
 
Health Care - 5.29% - -
 
Pharmaceuticals & Biotechnology - - 4.86% -
 
Pharmaceuticals - - - 4.71%
 
Biotechnology - - - 0.14%
 
Medical Equipment & Services - - 0.41% -
 
Medical Equipment - - - 0.32%
 
Medical Supplies - - - 0.09%
 
Health Care Providers - - 0.02% -
 
Health Care Services - - - 0.02%
 
Cash and Equivalents 4.84% - - -
 
Consumer Discretionary 4.18% - - -
 
Consumer Products & Services - 1.24% - -
 
Personal Goods - - 0.83% -
 
Clothing & Accessories - - - 0.42%
 
Cosmetics - - - 0.19%
 
Luxury Items - - - 0.14%
 
Footwear - - - 0.07%
 
Household Goods & Home Construction - - 0.41% -
 
Household Appliance - - - 0.22%
 
Household Equipment & Products - - - 0.20%
 
Automobiles & Parts - 1.01% - -
 
Automobiles & Parts - - 1.01% -
 
Automobiles - - - 1.01%
 
Tires - - - 0.00%
 
Retail - 0.79% - -
 
Retailers - - 0.79% -
 
Specialty Retailers - - - 0.54%
 
Apparel Retailers - - - 0.25%
 
Travel & Leisure - 0.79% - -
 
Travel & Leisure - - 0.79% -
 
Airlines - - - 0.76%
 
Restaurants & Bars - - - 0.03%
 
Media - 0.34% - -
 
Media - - 0.34% -
 
Media Agencies - - - 0.34%
 
Non-Classified 3.51% - - -
 
Basic Materials 3.03% - - -
 
Basic Resources - 2.05% - -
 
Industrial Metals & Mining - - 1.68% -
 
Iron & Steel - - - 1.59%
 
Aluminum - - - 0.04%
 
Metal Fabricating - - - 0.02%
 
General Mining - - - 0.02%
 
Industrial Materials - - 0.37% -
 
Paper - - - 0.37%
 
Chemicals - 0.98% - -
 
Chemicals - - 0.98% -
 
Chemicals: Diversified - - - 0.59%
 
Specialty Chemicals - - - 0.24%
 
Fertilizers - - - 0.15%
 
Chemicals & Synthetic Fibers - - - 0.00%
 
Utilities 2.74% - - -
 
Utilities - 2.74% - -
 
Gas, Water & Multi-utilities - - 2.33% -
 
Multi-Utilities - - - 2.28%
 
Gas Distribution - - - 0.04%
 
Water - - - 0.01%
 
Electricity - - 0.41% -
 
Conventional Electricity - - - 0.33%
 
Alternative Electricity - - - 0.08%
 
Consumer Staples 2.61% - - -
 
Food, Beverage & Tobacco - 1.67% - -
 
Food Producers - - 1.11% -
 
Food Products - - - 1.11%
 
Beverages - - 0.56% -
 
Brewers - - - 0.55%
 
Soft Drinks - - - 0.01%
 
Distillers & Vintners - - - 0.00%
 
Personal Care, Drug & Grocery Stores - 0.94% - -
 
Personal Care, Drug & Grocery Stores - - 0.94% -
 
Food Retailers & Wholesalers - - - 0.94%
 
Technology 2.54% - - -
 
Technology - 2.54% - -
 
Software & Computer Services - - 1.43% -
 
Consumer Digital Services - - - 0.57%
 
Software - - - 0.52%
 
Computer Services - - - 0.34%
 
Technology Hardware & Equipment - - 1.11% -
 
Semiconductors - - - 0.55%
 
Production Technology Equipment - - - 0.53%
 
Computer Hardware - - - 0.03%
 
Energy 2.09% - - -
 
Energy - 2.09% - -
 
Non-Renewable Energy - - 1.72% -
 
Integrated Oil & Gas - - - 1.44%
 
Offshore Drilling & Other Services - - - 0.17%
 
Pipelines - - - 0.06%
 
Oil Refining and Marketing - - - 0.05%
 
Renewable Energy - - 0.36% -
 
Renewable Energy Equipment - - - 0.36%
 
Telecommunications 1.03% - - -
 
Telecommunications - 1.03% - -
 
Telecommunications Service Providers - - 0.61% -
 
Telecommunications Services - - - 0.61%
 
Telecommunications Equipment - - 0.42% -
 
Telecommunications Equipment - - - 0.42%
 
Real Estate 0.93% - - -
 
Real Estate - 0.93% - -
 
Real Estate Investment Trusts - - 0.52% -
 
Residential REITs - - - 0.44%
 
Retail REITs - - - 0.06%
 
Office REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.42% -
 
Real Estate Holding and Development - - - 0.42%

Regional Allocation

pie chart
  Developed Europe - Excl UK 73.04%
  Property 9.53%
  Cash and Equivalents 4.84%
  North America 4.60%
  Non-Classified 3.53%
  UK 2.55%
  Australia & New Zealand 0.84%
  Emerging Europe 0.70%
  Japan 0.38%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 57.65%
  Euro 36.40%
  Cash 4.83%
  US Dollar 0.41%
  Swiss Franc 0.41%
  Pound Sterling 0.26%
  Singapore Dollar 0.03%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 73.04% -
 
Germany - 18.18%
 
France - 14.24%
 
Netherlands - 8.62%
 
Switzerland - 5.53%
 
Spain - 4.18%
 
Luxembourg - 3.41%
 
Italy - 3.27%
 
Sweden - 2.87%
 
Denmark - 2.45%
 
Ireland - 2.36%
 
Finland - 2.28%
 
Belgium - 2.14%
 
Austria - 1.44%
 
Norway - 1.25%
 
Iceland - 0.42%
 
Portugal - 0.39%
 
Property 9.53% -
 
Cash and Equivalents 4.84% -
 
North America 4.60% -
 
United States - 4.01%
 
Canada - 0.59%
 
Non-Classified 3.53% -
 
UK 2.55% -
 
United Kingdom - 2.55%
 
Australia & New Zealand 0.84% -
 
Australia - 0.54%
 
New Zealand - 0.30%
 
Emerging Europe 0.70% -
 
Poland - 0.19%
 
Turkey - 0.18%
 
Hungary - 0.13%
 
Czech Republic - 0.10%
 
Greece - 0.06%
 
Slovenia - 0.04%
 
Japan 0.38% -
 
Japan - 0.38%

Breakdown By Market Cap (%)

Mega
 
 
24.85%
Large
 
 
12.95%
Medium
 
 
4.10%
Small
 
 
0.54%
Micro
 
 
0.44%
Non-Classified
 
 
14.76%
Bonds
 
 
37.52%
Cash
 
 
4.84%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
21.79%
5Yr - 10Yr Maturity
 
 
11.38%
10Yr - 15Yr Maturity
 
 
1.13%
> 15Yr Maturity
 
 
3.22%
Cash And Equivalents
 
 
4.84%
Unknown Maturity
 
 
3.51%
Other Asset Types
 
 
54.13%

Fixed Interest Quality Profile

AAA
 
 
3.76%
AA
 
 
3.97%
A
 
 
10.58%
BBB
 
 
9.53%
Sub-Investment Grade
 
 
0.93%
Unknown Quality
 
 
8.75%
Cash and Equivalents
 
 
4.84%
Other Asset Types
 
 
57.65%

Fund Holdings

Name % Weight Sector Country
1 M&G European Credit Investment Class A EUR 38.43% Managed Funds Managed Funds
2 M&G (LUX) FCP Europe ex UK Equity Fund Z3A Acc 32.21% Managed Funds Managed Funds
3 M&G Feeder of Property Portfolio Class A GBP 14.88% Managed Funds Managed Funds
4 M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z3A Acc 14.03% Managed Funds Managed Funds
5 PIA Euro Deposit EUR Ser B 0.01% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 EURO-BUND DEC 25 3.94% Non-Classified Non-Classified
2 8 GREENWICH VIEW PLACE 3.18% Property Direct Property and REITs
3 CAPITOL THEATRE ABERDEEN 2.93% Property Direct Property and REITs
4 PREMIER INN HOTEL THE WATERFR 1.98% Property Direct Property and REITs
5 OFFSET- EURO-BOBL DEC 25 1.86% Non-Classified Non-Classified
6 LLOYDS BANK PLC EURO 1.9% 01/10/2025 1.84% Non-Classified Non-Classified
7 SIEMENS AKTIENGESELLSCHAFT 1.75% General Industrials Germany
8 EURO-SCHATZ DEC 25 1.66% Non-Classified Non-Classified
9 GERMANY (FEDERAL REPUBLIC OF) 0% 15/08/2030 1.31% Bonds Germany
10 NOVO NORDISK A/S 1.23% Pharmaceuticals & Biotechnology Denmark

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 B0MSSB8
Mex Code SBDFDT
Isin Code IE00B0MSSB80
Citi Code TJ80

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.33%
Yearly Total 1.63%

Aims and Benchmark

Aims Objective: The fund aims to deliver capital growth together with reinvested income over the longer term. Fund Investments: The fund primarily invests in European equity and fixed income funds, UK property funds and cash. These assets are predominantly denominated in euro.
Benchmark Variable
ABI Sector Mixed Investment 20-60% Shares

Ratings

FE Crown Crown Rating of 5

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.