Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:
Performance
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Discrete performance - to last month end
| 30/09/17 to 30/09/18 | 30/09/18 to 30/09/19 | 30/09/19 to 30/09/20 | 30/09/20 to 30/09/21 | 30/09/21 to 30/09/22 | |
|---|---|---|---|---|---|
| Fund | 6.2% | 6.2% | -6.2% | 22.0% | 5.9% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/22 | 5 Years to 30/09/22 | 10 Years to 30/09/22 | ||
| Fund | 6.6% | 6.4% | 7.4% | |
Commentary
30 June 2022
After a very disappointing opening quarter, investment returns across most asset classes continued to register heavy falls in the second quarter. The combination of a dire inflation outlook and interest rate rises sparked fears of a slowdown in the global economy that weighed heavily on investor sentiment. Volatility in commodity markets also persisted, with further increases in oil and gas prices adding to investor concerns over global growth as the war in Ukraine rumbled on. However, fears of a global recession knocked industrial metals prices, with many registering their first quarterly fall since the onset of the pandemic.
In the UK, equity and bond markets fell in June in the wake of a continued deterioration in the macroeconomic and geopolitical environment. Inflation has spiked this year, fed by elevated energy and food prices plus supply constraints. In the US, investor sentiment deteriorated as the Federal Reserve acknowledged the possibility that the economy could be tipped into recession by interest rates being raised aggressively to combat high inflation.
In currency markets, the US dollar was the best-performing major currency in the G10 group of industrialised nations as investors began to factor in more aggressive interest rate hikes from the US Federal Reserve.
UK commercial property made a solid start to the quarter, with real estate investors seemingly unperturbed by the gyrations seen in other asset classes.
The M&G Treasury & Investment Office (T&IO) outlook is cautious as much uncertainty remains.
Fund Aims
The fund aims to maximise growth over the medium to long term while helping to smooth the peaks and troughs of investment performance. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.
Fund Manager
M&G Treasury & Investment Office (Charles Griffith) managerof the underlying fund for 13 years and 11 months
The M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability, with access to investment professionals around the world. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. The lead fund manager for this fund is Charles Griffith, ACII CFA, Head of Multi Asset Portfolio Management. Charles joined the company in April 2018, having spent 24 years in financial services companies including Blackrock, Barclays Global Investors and Fitch Ratings. Charles is a member of the Investment Office Executive Committee and the M&G Group Pension Committee. Charles is currently an independent member of the Investment Committee of the Alzheimer’s Society, as well as sitting on the Governors Investment Committee at Sherborne School. Charles attended the University of Newcastle-Upon-Type earning a class 2.1 BA Honours degree in Business Management. He is an Associate of the Chartered Insurance Institute and a CFA® charterholder.
Fund Overview
| Bid (30/09/2022) | 3.16 |
| Offer | n/a |
| Fund size | - |
| Launch date | 25/11/2008 |
Fund Charges
| Annual Management Charge (AMC) | 1.20% |
| Further Costs | 0.24% |
| Yearly Total | 1.44% |
Portfolio data accurate as at: 30/06/22
Asset Allocation
| UK Equities | 17.60% | |
| UK Property | 10.90% | |
| North American Equities | 6.50% | |
| Private Equity | 6.10% | |
| European Equities | 5.70% | |
| US Investment Grade | 5.40% | |
| UK Investment Grade | 5.30% | |
| Asia ex. Japan Equities | 4.90% | |
| Cash & Equivalents | 3.80% | |
| Asia Fixed Interest | 3.60% | |
| Japanese Equities | 3.50% | |
| Tactical Investment Opportunities | 3.20% | |
| China Equities | 2.80% | |
| Infrastructure | 2.60% | |
| Middle East and Africa Equities | 2.40% | |
| Asia Property | 2.10% | |
| Europe Investment Grade | 2.00% | |
| Hedge Fund | 1.80% | |
| Europe ex UK property | 1.70% | |
| North America Property | 1.60% | |
| India Equities | 1.30% | |
| Emerging Market Debt | 1.00% | |
| Private High Yield | 0.90% | |
| US Treasury | 0.80% | |
| Africa Fixed Interest | 0.60% | |
| Europe High Yield | 0.50% | |
| US High Yield | 0.50% | |
| Convertibles | 0.40% | |
| Lower Risk Private Credit | 0.30% | |
| Global High Yield | 0.20% |
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.
We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Directors of the Prudential Assurance Company Ltd (PAC), our charges, the smoothing process, if there is a guarantee and when you take your money out. Guarantees are currently closed to new investments.
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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
| UK Equities | 17.60% | |
| UK Property | 10.90% | |
| North American Equities | 6.50% | |
| Private Equity | 6.10% | |
| European Equities | 5.70% | |
| US Investment Grade | 5.40% | |
| UK Investment Grade | 5.30% | |
| Asia ex. Japan Equities | 4.90% | |
| Cash & Equivalents | 3.80% | |
| Asia Fixed Interest | 3.60% | |
| Japanese Equities | 3.50% | |
| Tactical Investment Opportunities | 3.20% | |
| China Equities | 2.80% | |
| Infrastructure | 2.60% | |
| Middle East and Africa Equities | 2.40% | |
| Asia Property | 2.10% | |
| Europe Investment Grade | 2.00% | |
| Hedge Fund | 1.80% | |
| Europe ex UK property | 1.70% | |
| North America Property | 1.60% | |
| India Equities | 1.30% | |
| Emerging Market Debt | 1.00% | |
| Private High Yield | 0.90% | |
| US Treasury | 0.80% | |
| Africa Fixed Interest | 0.60% | |
| Europe High Yield | 0.50% | |
| US High Yield | 0.50% | |
| Convertibles | 0.40% | |
| Lower Risk Private Credit | 0.30% | |
| Global High Yield | 0.20% |
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.
We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Directors of the Prudential Assurance Company Ltd (PAC), our charges, the smoothing process, if there is a guarantee and when you take your money out. Guarantees are currently closed to new investments.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 | B3BWBF7 |
| Mex Code | SBPRGT |
| Isin Code | IE00B3BWBF71 |
| Citi Code | DBS5 |
Fund Charges
| Annual Management Charge (AMC) | 1.20% |
| Further Costs | 0.24% |
| Yearly Total | 1.44% |
Aims and Benchmark
| Aims | The fund aims to maximise growth over the medium to long term while helping to smooth the peaks and troughs of investment performance. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. |
| Benchmark | Not benchmarked |
| ABI Sector | Unclassified |
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.
We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Directors of the Prudential Assurance Company Ltd (PAC), our charges, the smoothing process, if there is a guarantee and when you take your money out. Guarantees are currently closed to new investments.
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 2.18 |
| Beta | 1.32 |
| Sharpe | 0.39 |
| Standard Deviation | 7.98 |
| Info Ratio | 0.75 |
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.
We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Directors of the Prudential Assurance Company Ltd (PAC), our charges, the smoothing process, if there is a guarantee and when you take your money out. Guarantees are currently closed to new investments.
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.
We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the Expected Growth Rates as set by the Directors of the Prudential Assurance Company Ltd (PAC), our charges, the smoothing process, if there is a guarantee and when you take your money out. Guarantees are currently closed to new investments.
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 Montague House, Adelaide Road, Dublin 2. 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 deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. 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.
