PIA European Index Tracker EUR Ser A

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 3.9% 11.1% 8.2% 5.4% 10.1%
Sector 5.6% 14.2% 7.8% 4.8% 9.7%
Rank 78/105 62/107 55/111 39/113 65/113
Quartile 3 3 2 2 3

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 7.9% 7.7% 5.3%
Sector 7.4% 8.4% 6.4%
Rank 46/109 65/103 52/72
Quartile 2 3 3

Top 10 Holdings

Stock % Weight
NOVO NORDISK A/S 4.00
ASML HOLDING N.V. 3.91
NESTLE S.A. 3.58
NOVARTIS AG 2.49
VMH MOET HENNESSY LOUIS VUITTON 2.40
ROCHE HLDG AG 2.35
SAP SE 2.22
TOTAL SE 1.68
SIEMENS AKTIENGESELLSCHAFT 1.59
L'OREAL 1.30
Total 25.52

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G (Lux) BlackRock Europe ex UK Equity Fund. That fund aims to provide a total return (i.e. capital growth plus income) gross of the Ongoing Charges Figure over any three year period. Underlying Fund Objective: The Sub-Fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE World Europe ex UK Index (the "Index"). The Sub-Fund typically invests directly. The Sub-Fund invests in securities that meet the ESG Criteria, applying an Exclusionary Approach and a Positive ESG Outcome as described in the precontractual annex to this Sub-Fund. The Sub-Fund may also invest in cash, and near cash, directly or via collective investment schemes (including collective investment schemes managed by M&G). The Sub-Investment Manager may allocate more of the Sub-Fund's net assets to cash and near cash as a result of certain exceptional market conditions and in order to mitigate exposure to market risk. The Sub-Fund may use derivatives for Efficient Portfolio Management and hedging only.

Fund Manager

LGIM Index Fund Management Team manager of the underlying fund for 10 years and 5 months

Photo of LGIM Index Fund Management Team The Index Fund Management Team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The Team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns

Fund Overview

Bid (27/03/2024) 2.10
Offer (27/03/2024) 2.21
Fund size (29/02/2024) €9.41m
Underlying Fund size £3394.03m
Number of holdings 567
Launch date 30/06/1994

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.02%
Yearly Total 1.77%

Asset Allocation

pie chart
  International Equities 96.46%
  Cash and Equivalents 0.94%
  International Bonds 0.68%
  Property 0.26%
  UK Equities 0.03%
  Alternative Trading Strategies 0.00%
  Other Assets 1.64%
Portfolio data accurate as at: 31/01/24

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 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

pie chart
  International Equities 96.46%
  Cash and Equivalents 0.94%
  International Bonds 0.68%
  Property 0.26%
  UK Equities 0.03%
  Alternative Trading Strategies 0.00%
  Other Assets 1.64%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 17.51% - - -
 
Banks - 8.24% - -
 
Banks - - 8.24% -
 
Banks - - - 8.24%
 
Insurance - 5.82% - -
 
Non-life Insurance - - 5.15% -
 
Full Line Insurance - - - 3.59%
 
Reinsurance - - - 1.32%
 
Property & Casualty Insurance - - - 0.25%
 
Life Insurance - - 0.67% -
 
Life Insurance - - - 0.67%
 
Financial Services - 3.45% - -
 
Investment Banking & Brokerage Services - - 3.42% -
 
Asset Managers & Custodians - - - 1.82%
 
Diversified Financial Services - - - 1.07%
 
Investment Services - - - 0.52%
 
Finance & Credit Services - - 0.03% -
 
Financial Data & Systems - - - 0.03%
 
Industrials 17.46% - - -
 
Industrial Goods & Services - 13.51% - -
 
Electronic & Electrical Equipment - - 2.92% -
 
Electrical Components - - - 2.56%
 
Electronic Equipment: Control & Filter - - - 0.32%
 
Electronic Equipment: Other - - - 0.04%
 
Aerospace & Defence - - 2.57% -
 
Aerospace - - - 2.11%
 
Defense - - - 0.46%
 
Industrial Transportation - - 2.47% -
 
Commercial Vehicles & Parts - - - 0.74%
 
Transportation Services - - - 0.68%
 
Delivery Services - - - 0.56%
 
Marine Transportation - - - 0.37%
 
Railroads - - - 0.07%
 
Railroad Equipment - - - 0.05%
 
Industrial Engineering - - 2.26% -
 
Machinery: Construction & Handling - - - 1.04%
 
Machinery: Industrial - - - 0.79%
 
Machinery: Tools - - - 0.27%
 
Machinery: Engines - - - 0.08%
 
Machinery: Specialty - - - 0.06%
 
Machinery: Agricultural - - - 0.01%
 
General Industrials - - 1.99% -
 
Diversified Industrials - - - 1.88%
 
Containers & Packaging - - - 0.08%
 
Glass - - - 0.03%
 
Plastics - - - 0.00%
 
Industrial Support Services - - 1.31% -
 
Transaction Processing Services - - - 0.72%
 
Professional Business Support Services - - - 0.22%
 
Security Services - - - 0.21%
 
Business Training & Employment Agencies - - - 0.15%
 
Construction & Materials - 3.95% - -
 
Construction & Materials - - 3.95% -
 
Construction - - - 1.44%
 
Building Materials: Other - - - 1.37%
 
Cement - - - 0.69%
 
Building, Roofing/Wallboard & Plumbing - - - 0.22%
 
Building: Climate Control - - - 0.15%
 
Engineering & Contracting Services - - - 0.08%
 
Health Care 15.61% - - -
 
Health Care - 15.61% - -
 
Pharmaceuticals & Biotechnology - - 12.58% -
 
Pharmaceuticals - - - 11.38%
 
Biotechnology - - - 1.20%
 
Medical Equipment & Services - - 2.80% -
 
Medical Supplies - - - 1.73%
 
Medical Equipment - - - 0.98%
 
Medical Services - - - 0.09%
 
Health Care Providers - - 0.23% -
 
Health Care Services - - - 0.23%
 
Health Care Facilities - - - 0.00%
 
Consumer Discretionary 12.25% - - -
 
Consumer Products & Services - 7.17% - -
 
Personal Goods - - 6.62% -
 
Clothing & Accessories - - - 3.77%
 
Cosmetics - - - 1.30%
 
Luxury Items - - - 1.14%
 
Footwear - - - 0.42%
 
Household Goods & Home Construction - - 0.33% -
 
Household Equipment & Products - - - 0.30%
 
Household Appliance - - - 0.03%
 
Consumer Services - - 0.18% -
 
Consumer Services: Misc. - - - 0.13%
 
Rental & Leasing Services: Consumer - - - 0.04%
 
Printing and Copying Services - - - 0.00%
 
Leisure Goods - - 0.03% -
 
Electronic Entertainment - - - 0.03%
 
Consumer Electronics - - - 0.01%
 
Automobiles & Parts - 2.47% - -
 
Automobiles & Parts - - 2.47% -
 
Automobiles - - - 1.96%
 
Tires - - - 0.30%
 
Auto Parts - - - 0.16%
 
Auto Services - - - 0.05%
 
Media - 1.13% - -
 
Media - - 1.13% -
 
Publishing - - - 0.44%
 
Radio & TV Broadcasters - - - 0.37%
 
Media Agencies - - - 0.29%
 
Entertainment - - - 0.04%
 
Retail - 0.81% - -
 
Retailers - - 0.81% -
 
Apparel Retailers - - - 0.70%
 
Specialty Retailers - - - 0.07%
 
Diversified Retailers - - - 0.05%
 
Travel & Leisure - 0.67% - -
 
Travel & Leisure - - 0.67% -
 
Casinos & Gambling - - - 0.34%
 
Airlines - - - 0.13%
 
Restaurants & Bars - - - 0.11%
 
Hotels & Motels - - - 0.08%
 
Technology 10.02% - - -
 
Technology - 10.02% - -
 
Technology Hardware & Equipment - - 5.44% -
 
Production Technology Equipment - - - 4.21%
 
Semiconductors - - - 1.07%
 
Computer Hardware - - - 0.15%
 
Software & Computer Services - - 4.58% -
 
Software - - - 3.03%
 
Computer Services - - - 0.86%
 
Consumer Digital Services - - - 0.69%
 
Consumer Staples 7.80% - - -
 
Food, Beverage & Tobacco - 6.69% - -
 
Food Producers - - 4.87% -
 
Food Products - - - 4.77%
 
Farming, Fishing, Ranching & Plantations - - - 0.09%
 
Sugar - - - 0.00%
 
Beverages - - 1.81% -
 
Brewers - - - 1.29%
 
Distillers & Vintners - - - 0.48%
 
Soft Drinks - - - 0.05%
 
Tobacco - - 0.00% -
 
Tobacco - - - 0.00%
 
Personal Care, Drug & Grocery Stores - 1.12% - -
 
Personal Care, Drug & Grocery Stores - - 1.12% -
 
Food Retailers & Wholesalers - - - 0.77%
 
Personal Products - - - 0.35%
 
Basic Materials 4.38% - - -
 
Chemicals - 3.19% - -
 
Chemicals - - 3.19% -
 
Specialty Chemicals - - - 2.08%
 
Chemicals: Diversified - - - 0.99%
 
Fertilizers - - - 0.10%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Basic Resources - 1.19% - -
 
Industrial Metals & Mining - - 0.66% -
 
Iron & Steel - - - 0.33%
 
Metal Fabricating - - - 0.10%
 
Aluminum - - - 0.09%
 
General Mining - - - 0.08%
 
Copper - - - 0.05%
 
Industrial Materials - - 0.52% -
 
Paper - - - 0.36%
 
Forestry - - - 0.09%
 
Diversified Materials - - - 0.07%
 
Textile Products - - - 0.00%
 
Precious Metals & Mining - - 0.01% -
 
Gold Mining - - - 0.01%
 
Energy 4.07% - - -
 
Energy - 4.07% - -
 
Non-Renewable Energy - - 3.64% -
 
Integrated Oil & Gas - - - 2.90%
 
Oil Refining and Marketing - - - 0.36%
 
Pipelines - - - 0.18%
 
Oil: Crude Producers - - - 0.10%
 
Oil Equipment & Services - - - 0.09%
 
Offshore Drilling & Other Services - - - 0.02%
 
Renewable Energy - - 0.44% -
 
Renewable Energy Equipment - - - 0.44%
 
Utilities 3.90% - - -
 
Utilities - 3.90% - -
 
Electricity - - 2.50% -
 
Conventional Electricity - - - 2.05%
 
Alternative Electricity - - - 0.45%
 
Gas, Water & Multi-utilities - - 1.40% -
 
Multi-Utilities - - - 1.07%
 
Water - - - 0.24%
 
Gas Distribution - - - 0.08%
 
Telecommunications 2.67% - - -
 
Telecommunications - 2.67% - -
 
Telecommunications Service Providers - - 2.25% -
 
Telecommunications Services - - - 2.25%
 
Telecommunications Equipment - - 0.41% -
 
Telecommunications Equipment - - - 0.41%
 
Non-Classified 1.65% - - -
 
Non-Classified - 0.64% - -
 
Non-Classified - - 0.64% -
 
Non-Classified - - - 0.64%
 
Real Estate 1.06% - - -
 
Real Estate - 1.06% - -
 
Real Estate Investment & Services - - 0.70% -
 
Real Estate Holding and Development - - - 0.70%
 
Real Estate Investment Trusts - - 0.36% -
 
Retail REITs - - - 0.15%
 
Office REITs - - - 0.10%
 
Industrial REITs - - - 0.06%
 
Diversified REITs - - - 0.04%
 
Residential REITs - - - 0.01%
 
Cash and Equivalents 0.94% - - -
 
Bonds 0.68% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  Developed Europe - Excl UK 92.53%
  Non-Classified 4.10%
  Emerging Europe 2.14%
  Cash and Equivalents 0.94%
  Property 0.26%
  UK 0.03%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.38%
  Cash 0.94%
  Euro 0.26%
  Swedish Krona 0.24%
  Swiss Franc 0.14%
  Norwegian Krone 0.04%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 92.53% -
 
France - 19.29%
 
Switzerland - 18.49%
 
Germany - 14.69%
 
Netherlands - 12.02%
 
Sweden - 6.31%
 
Denmark - 6.27%
 
Spain - 4.80%
 
Italy - 4.13%
 
Finland - 2.12%
 
Belgium - 1.52%
 
Norway - 1.33%
 
Ireland - 0.53%
 
Austria - 0.43%
 
Portugal - 0.33%
 
Luxembourg - 0.27%
 
Non-Classified 4.10% -
 
Emerging Europe 2.14% -
 
Turkey - 0.87%
 
Greece - 0.47%
 
Poland - 0.46%
 
Hungary - 0.22%
 
Czech Republic - 0.12%
 
Cash and Equivalents 0.94% -
 
Property 0.26% -
 
UK 0.03% -
 
United Kingdom - 0.03%

Breakdown By Market Cap (%)

Mega
 
 
66.13%
Large
 
 
19.29%
Medium
 
 
4.05%
Small
 
 
0.20%
Micro
 
 
0.05%
Non-Classified
 
 
8.66%
Bonds
 
 
0.68%
Cash
 
 
0.94%

Top 10 Holdings

Stock % Weight Sector Country
1 NOVO NORDISK A/S 4.00% Pharmaceuticals & Biotechnology Denmark
2 ASML HOLDING N.V. 3.91% Technology Hardware & Equipment Netherlands
3 NESTLE S.A. 3.58% Food Producers Switzerland
4 NOVARTIS AG 2.49% Pharmaceuticals & Biotechnology Switzerland
5 VMH MOET HENNESSY LOUIS VUITTON 2.40% Personal Goods France
6 ROCHE HLDG AG 2.35% Pharmaceuticals & Biotechnology Switzerland
7 SAP SE 2.22% Software & Computer Services Germany
8 TOTAL SE 1.68% Non-Renewable Energy France
9 SIEMENS AKTIENGESELLSCHAFT 1.59% General Industrials Germany
10 L'OREAL 1.30% Personal Goods France

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 10.02% - - - - - - 10.02%
Telecommunications - 2.67% - 0.26% - - - - 2.93%
Financials 0.03% 17.49% - 0.38% - - - - 17.89%
Real Estate - 0.80% - - - 0.26% - - 1.06%
Consumer Discretionary - 12.25% - - - - 0.68% - 12.93%
Consumer Staples - 7.80% - 0.04% - - 0.22% - 8.06%
Energy - 4.07% - - - - - - 4.07%
Utilities - 3.90% - - - - - - 3.90%
Health Care - 15.61% - - - - - - 15.61%
Industrials - 17.46% - - - - 0.09% - 17.55%
Basic Materials - 4.38% - - - - 0.01% - 4.40%
Cash and Equivalents - - - - - - - 0.94% 0.94%
Non-Classified - 0.01% - - - - 0.64% - 0.65%

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 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 0794637
Mex Code SBEET
Isin Code IE0007946373
Citi Code SY46

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.02%
Yearly Total 1.77%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G (Lux) BlackRock Europe ex UK Equity Fund. That fund aims to provide a total return (i.e. capital growth plus income) gross of the Ongoing Charges Figure over any three year period. Underlying Fund Objective: The Sub-Fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE World Europe ex UK Index (the "Index"). The Sub-Fund typically invests directly. The Sub-Fund invests in securities that meet the ESG Criteria, applying an Exclusionary Approach and a Positive ESG Outcome as described in the precontractual annex to this Sub-Fund. The Sub-Fund may also invest in cash, and near cash, directly or via collective investment schemes (including collective investment schemes managed by M&G). The Sub-Investment Manager may allocate more of the Sub-Fund's net assets to cash and near cash as a result of certain exceptional market conditions and in order to mitigate exposure to market risk. The Sub-Fund may use derivatives for Efficient Portfolio Management and hedging only.
Benchmark FTSE Europe ex UK
Sector OI Europe excluding UK Equities

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 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 0.54
Beta 1.06
Sharpe 0.29
Standard Deviation 15.13
Info Ratio 0.20

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds No
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers No
Ethical Restrictions No
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Exchange Rate

This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Returns Are Not Guaranteed

What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation

Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief

Levels of taxation and tax relief are subject to change.

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 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.

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 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.