PIA Deferred Distribution USD Ser B

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

Performance

Discrete performance - to last month end

31/05/19
to
31/05/20
31/05/20
to
31/05/21
31/05/21
to
31/05/22
31/05/22
to
31/05/23
31/05/23
to
31/05/24
Fund 3.8% 18.6% -3.6% -2.6% 10.8%
Sector -0.5% 24.9% -13.7% -4.2% 9.6%
Rank 46/245 209/259 6/273 66/276 94/288
Quartile 1 4 1 1 2

Annualised performance

Annualised
3 Years to
31/05/24
5 Years to
31/05/24
10 Years to
31/05/24
Fund 1.3% 5.1% 5.1%
Sector -3.2% 2.4% 0.5%
Rank 8/273 26/245 2/173
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
CME S&P EMI FUT Jun24 13.22
MICROSOFT CORPORATION 3.42
APPLE 2.90
NVIDIA CORP 2.62
AMAZON.COM 1.66
ALPHABET INC 1.38
CBT US 2YR NOT (CB Jun24 1.36
CBT US 5YR NOT (CB Jun24 1.04
META PLATFORMS 1.01
US TRE 0.875% 30/06/2026 0.98
Total 29.59

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 US equity funds, US fixed income funds, UK property funds and cash. These assets are predominantly denominated in US dollars.

Fund Manager

M&G Treasury & Investment Office manager for 18 years and 7 months

Photo of M&G Treasury & Investment Office 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

Bid (13/06/2024) 2.35
Offer (13/06/2024) 2.47
Fund size (30/04/2024) $2.02m
Number of holdings 1219
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.27%
Yearly Total 1.57%

Asset Allocation

pie chart
  International Equities 44.57%
  International Bonds 33.84%
  Property 8.89%
  Cash and Equivalents 5.53%
  UK Corporate Bonds 1.00%
  Money Market 0.70%
  UK Equities 0.19%
  Other Assets 5.29%
Portfolio data accurate as at: 30/04/24

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 44.57%
  International Bonds 33.84%
  Property 8.89%
  Cash and Equivalents 5.53%
  UK Corporate Bonds 1.00%
  Money Market 0.70%
  UK Equities 0.19%
  Other Assets 5.29%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 34.84% - - -
 
Technology 15.51% - - -
 
Technology - 15.51% - -
 
Software & Computer Services - - 7.93% -
 
Software - - - 4.47%
 
Consumer Digital Services - - - 3.21%
 
Computer Services - - - 0.24%
 
Technology Hardware & Equipment - - 7.59% -
 
Semiconductors - - - 3.90%
 
Computer Hardware - - - 2.95%
 
Production Technology Equipment - - - 0.72%
 
Electronic Components - - - 0.02%
 
Property 7.72% - - -
 
Property - 7.72% - -
 
Property - - 7.72% -
 
Property - - - 7.72%
 
Cash and Equivalents 6.23% - - -
 
Consumer Discretionary 6.19% - - -
 
Retail - 3.66% - -
 
Retailers - - 3.66% -
 
Diversified Retailers - - - 2.63%
 
Apparel Retailers - - - 0.56%
 
Specialty Retailers - - - 0.47%
 
Travel & Leisure - 0.87% - -
 
Travel & Leisure - - 0.87% -
 
Restaurants & Bars - - - 0.73%
 
Travel & Tourism - - - 0.14%
 
Automobiles & Parts - 0.65% - -
 
Automobiles & Parts - - 0.65% -
 
Automobiles - - - 0.65%
 
Consumer Products & Services - 0.52% - -
 
Personal Goods - - 0.29% -
 
Clothing & Accessories - - - 0.25%
 
Cosmetics - - - 0.02%
 
Footwear - - - 0.01%
 
Consumer Services - - 0.23% -
 
Consumer Services: Misc. - - - 0.23%
 
Media - 0.49% - -
 
Media - - 0.49% -
 
Entertainment - - - 0.27%
 
Media Agencies - - - 0.22%
 
Industrials 6.03% - - -
 
Industrial Goods & Services - 5.65% - -
 
Industrial Support Services - - 2.64% -
 
Transaction Processing Services - - - 1.45%
 
Professional Business Support Services - - - 1.19%
 
Industrial Engineering - - 0.90% -
 
Machinery: Engines - - - 0.30%
 
Machinery: Industrial - - - 0.28%
 
Machinery: Tools - - - 0.24%
 
Machinery: Construction & Handling - - - 0.08%
 
General Industrials - - 0.60% -
 
Diversified Industrials - - - 0.42%
 
Paints & Coatings - - - 0.18%
 
Aerospace & Defence - - 0.55% -
 
Aerospace - - - 0.55%
 
Electronic & Electrical Equipment - - 0.52% -
 
Electronic Equipment: Pollution Control - - - 0.50%
 
Electronic Equipment: Control & Filter - - - 0.02%
 
Industrial Transportation - - 0.45% -
 
Railroads - - - 0.21%
 
Delivery Services - - - 0.18%
 
Trucking - - - 0.06%
 
Construction & Materials - 0.37% - -
 
Construction & Materials - - 0.37% -
 
Building: Climate Control - - - 0.37%
 
Health Care 5.31% - - -
 
Health Care - 5.31% - -
 
Pharmaceuticals & Biotechnology - - 2.71% -
 
Pharmaceuticals - - - 2.49%
 
Biotechnology - - - 0.22%
 
Medical Equipment & Services - - 1.83% -
 
Medical Equipment - - - 1.66%
 
Medical Supplies - - - 0.17%
 
Health Care Providers - - 0.76% -
 
Health Care Management Services - - - 0.76%
 
Non-Classified 5.29% - - -
 
Non-Classified - 1.26% - -
 
Non-Classified - - 1.26% -
 
Non-Classified - - - 1.26%
 
Financials 4.55% - - -
 
Financial Services - 2.10% - -
 
Investment Banking & Brokerage Services - - 1.09% -
 
Investment Services - - - 0.66%
 
Diversified Financial Services - - - 0.35%
 
Asset Managers & Custodians - - - 0.09%
 
Finance & Credit Services - - 1.01% -
 
Financial Data & Systems - - - 1.01%
 
Banks - 1.45% - -
 
Banks - - 1.45% -
 
Banks - - - 1.45%
 
Insurance - 1.00% - -
 
Non-life Insurance - - 0.83% -
 
Insurance Brokers - - - 0.46%
 
Property & Casualty Insurance - - - 0.23%
 
Full Line Insurance - - - 0.14%
 
Life Insurance - - 0.17% -
 
Life Insurance - - - 0.17%
 
Consumer Staples 1.83% - - -
 
Food, Beverage & Tobacco - 1.16% - -
 
Beverages - - 0.72% -
 
Soft Drinks - - - 0.72%
 
Food Producers - - 0.44% -
 
Food Products - - - 0.44%
 
Personal Care, Drug & Grocery Stores - 0.67% - -
 
Personal Care, Drug & Grocery Stores - - 0.67% -
 
Personal Products - - - 0.57%
 
Drug Retailers - - - 0.09%
 
Nondurable Household Products - - - 0.01%
 
Energy 1.79% - - -
 
Energy - 1.79% - -
 
Non-Renewable Energy - - 1.79% -
 
Oil: Crude Producers - - - 0.69%
 
Integrated Oil & Gas - - - 0.66%
 
Oil Equipment & Services - - - 0.34%
 
Oil Refining and Marketing - - - 0.06%
 
Pipelines - - - 0.04%
 
Real Estate 1.71% - - -
 
Real Estate - 1.71% - -
 
Real Estate Investment Trusts - - 1.71% -
 
Industrial REITs - - - 0.61%
 
Timber REITs - - - 0.35%
 
Residential REITs - - - 0.22%
 
Health Care REITs - - - 0.14%
 
Office REITs - - - 0.12%
 
Retail REITs - - - 0.10%
 
Other Specialty REITs - - - 0.08%
 
Diversified REITs - - - 0.07%
 
Hotel & Lodging REITs - - - 0.03%
 
Utilities 1.11% - - -
 
Utilities - 1.11% - -
 
Electricity - - 0.76% -
 
Conventional Electricity - - - 0.76%
 
Gas, Water & Multi-utilities - - 0.35% -
 
Multi-Utilities - - - 0.35%
 
Telecommunications 0.96% - - -
 
Telecommunications - 0.96% - -
 
Telecommunications Service Providers - - 0.49% -
 
Telecommunications Services - - - 0.49%
 
Telecommunications Equipment - - 0.48% -
 
Telecommunications Equipment - - - 0.48%
 
Basic Materials 0.94% - - -
 
Chemicals - 0.77% - -
 
Chemicals - - 0.77% -
 
Chemicals: Diversified - - - 0.54%
 
Specialty Chemicals - - - 0.22%
 
Fertilizers - - - 0.01%
 
Basic Resources - 0.18% - -
 
Industrial Materials - - 0.11% -
 
Diversified Materials - - - 0.11%
 
Precious Metals & Mining - - 0.07% -
 
Gold Mining - - - 0.07%

Regional Allocation

pie chart
  North America 74.82%
  Property 8.89%
  Cash and Equivalents 6.23%
  Non-Classified 5.45%
  Developed Europe - Excl UK 2.99%
  UK 1.19%
  Japan 0.23%
  Australia & New Zealand 0.13%
  Developed Asia 0.04%
  Other Regions 0.03%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 59.63%
  US Dollar 34.64%
  Cash 5.53%
  Euro 0.10%
  Canadian Dollar 0.06%
  Pound Sterling 0.04%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 74.82% -
 
United States - 73.85%
 
Canada - 0.97%
 
Property 8.89% -
 
Cash and Equivalents 6.23% -
 
Non-Classified 5.45% -
 
Developed Europe - Excl UK 2.99% -
 
Ireland - 1.78%
 
Switzerland - 0.36%
 
Netherlands - 0.22%
 
France - 0.19%
 
Sweden - 0.15%
 
Spain - 0.08%
 
Luxembourg - 0.04%
 
Finland - 0.04%
 
Denmark - 0.04%
 
Norway - 0.04%
 
Germany - 0.04%
 
Italy - 0.02%
 
UK 1.19% -
 
United Kingdom - 1.19%
 
Japan 0.23% -
 
Japan - 0.23%
 
Australia & New Zealand 0.13% -
 
Australia - 0.08%
 
New Zealand - 0.05%
 
Developed Asia 0.04% -
 
Singapore - 0.04%
 
South & Central America 0.02% -
 
Brazil - 0.02%
 
Emerging Asia 0.01% -
 
China - 0.01%

Breakdown By Market Cap (%)

Mega
 
 
36.59%
Large
 
 
6.21%
Medium
 
 
1.13%
Small
 
 
0.02%
Micro
 
 
0.03%
Non-Classified
 
 
14.95%
Bonds
 
 
34.84%
Cash
 
 
6.23%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
18.52%
5Yr - 10Yr Maturity
 
 
8.98%
10Yr - 15Yr Maturity
 
 
1.28%
> 15Yr Maturity
 
 
6.07%
Cash And Equivalents
 
 
6.23%
Unknown Maturity
 
 
4.02%
Other Asset Types
 
 
54.91%

Fixed Interest Quality Profile

AAA
 
 
4.46%
AA
 
 
1.07%
A
 
 
11.34%
BBB
 
 
13.27%
Sub-Investment Grade
 
 
2.81%
Unknown Quality
 
 
1.89%
Cash and Equivalents
 
 
6.23%
Other Asset Types
 
 
58.93%

Fund Holdings

Name % Weight Sector Country
1 M&G (ACS) Blackrock US Equity Z3A Acc 46.22% Managed Funds Managed Funds
2 M&G (1) US Corporate Bond - 27.65% Managed Funds Managed Funds
3 M&G (1) US Short Duration Corporate Bond - 11.86% Managed Funds Managed Funds
4 M&G Feeder of Property Portfolio Class A GBP 10.49% Managed Funds Managed Funds
5 PIA US Deposit USD Ser B 0.03% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 CME S&P EMI FUT Jun24 13.22% Non-Classified Non-Classified
2 MICROSOFT CORPORATION 3.42% Software & Computer Services United States
3 APPLE 2.90% Technology Hardware & Equipment United States
4 NVIDIA CORP 2.62% Technology Hardware & Equipment United States
5 AMAZON.COM 1.66% Retailers United States
6 ALPHABET INC 1.38% Software & Computer Services United States
7 CBT US 2YR NOT (CB Jun24 1.36% Non-Classified Non-Classified
8 CBT US 5YR NOT (CB Jun24 1.04% Non-Classified Non-Classified
9 META PLATFORMS 1.01% Software & Computer Services United States
10 US TRE 0.875% 30/06/2026 0.98% Bonds United States

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 B0MSS96
Mex Code SBPDDB
Isin Code IE00B0MSS965
Citi Code TJ79

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.27%
Yearly Total 1.57%

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 US equity funds, US fixed income funds, UK property funds and cash. These assets are predominantly denominated in US dollars.
Benchmark Variable
Sector OI 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.