Fact sheet: Pru M&G Epi Allo Pn

Fund information
Fund name
Pru M&G Episode Allocation Pn S3
Fund manager company
Prudential Pensions Ltd
Fund type
Pension Fund
Fund managers
  • Tony Findingsince 28/11/2014
  • Juan Nevadosince 28/11/2014
Underlying fund
M&G PP Episode Allocation Pn
Fund objective
The investment strategy of the fund is to purchase units in the M&G PP Episode Allocation Fund. That fund gains its exposure through the M&G Episode Allocation Fund, an M&G OEIC. This fund seeks to deliver its performance through active asset allocation within and between a diversified, global range of asset classes. This is achieved by taking advantage of “episodes” where assets are mispriced as a result of investor emotion and are expected to revert to their true value over the short or medium term. Investments are made at an index or sector level and currency exposures are also actively managed.
Benchmark
  • 1 month LIBOR +5% p.a.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
26.1%
1 Year rank in sector
198/869
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£0m (£0m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
70
Offer price
116.8
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn40.5%
Scot Eq Ext Bal Coll (ex MLC) Pn39.4%
Scot Eq Sequel Adventurous Pn38.8%
Scot Eq Sequel Adven Jrny Pn38.8%
ReAssure Combined Managed Pn37.7%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • Not Specified21.4%
    Europe16.2%
    Money Market12.6%
    Asia Pacific ex Japan12%
    Others10.1%
  • Equities56.2%
    Corporate Bonds12.7%
    Money Market12.6%
    Government Bonds9.9%
    Property6.1%
  • European Equities13.9%
    Money Market12.6%
    Asia Pacific ex Japan Equities12%
    US Equities9.5%
    UK Equities9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%7.1%10%26.1%--
Sector0.3%5.5%4%22%26.6%48.7%
Rank within sector30 / 92281 / 91112 / 910198 / 869--
Quartile1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2.6%14.2%1.7%--
Sector2.1%14.3%2.2%5.7%13.1%
Rank within sector264 / 911457 / 800443 / 753--
Quartile2nd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high117.2
52 week low93.2
Current bid price-
Current offer price116.8
Current mid price-
Region
1Not Specified21.4%
2Europe16.2%
3Money Market12.6%
4Asia Pacific ex Japan12%
5Others10.1%
6USA9.5%
7UK9%
8Japan7%
9International2.2%
Industry sector
1Equities56.21%
2Corporate Bonds12.66%
3Money Market12.64%
4Government Bonds9.93%
5Property6.11%
6Convertibles2.45%
Asset type
1European Equities13.92%
2Money Market12.64%
3Asia Pacific ex Japan Equities12.04%
4US Equities9.52%
5UK Equities9.04%
6Global Government Fixed Interest7.63%
7Japanese Equities7.02%
8Global Investment Grade Fixed Interest6.84%
9Property6.11%
Individual holdings
No data available.
Management
Fund manager group
Prudential
Fund manager company
Prudential Pensions Ltd
Fund type
Pension Fund
Fund objective
The investment strategy of the fund is to purchase units in the M&G PP Episode Allocation Fund. That fund gains its exposure through the M&G Episode Allocation Fund, an M&G OEIC. This fund seeks to deliver its performance through active asset allocation within and between a diversified, global range of asset classes. This is achieved by taking advantage of “episodes” where assets are mispriced as a result of investor emotion and are expected to revert to their true value over the short or medium term. Investments are made at an index or sector level and currency exposures are also actively managed.
Benchmark
  • 1 month LIBOR +5% p.a.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Tony Finding28/11/2014Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the Multi Asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.
Juan Nevado28/11/2014Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. In January 2011, Juan was appointed co-manager of the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund. In November 2013 and April 2015, he was also appointed deputy manager of the M&G Income Allocation Fund and co-manager of the M&G Prudential Allocation Fund respectively upon their launches. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Pru M&G Episode Allocation Pn S3
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price116.8
Mid price-
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKZ4Z
Data provided by

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