Prudential UK Equity Index S3

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

Performance

Discrete performance - to latest available quarter end

31/12/18
to
31/12/19
31/12/19
to
31/12/20
31/12/20
to
31/12/21
31/12/21
to
31/12/22
31/12/22
to
31/12/23
Fund 19.4% -9.9% 18.2% -0.5% 8.4%
Benchmark 19.2% -9.8% 18.3% 0.3% 7.9%

Performance - to latest available quarter end

Quarter Annualised
4
2023
3 Years to
31/12/23
5 Years to
31/12/23
10 Years to
31/12/23
Fund 2.9% 8.4% 6.5% 5.3%
Benchmark 3.2% 8.6% 6.6% 5.3%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 7.16
SHELL 6.16
HSBC HOLDINGS 6.05
UNILEVER 4.26
DIAGEO 4.01
RELX 3.86
BP 3.82
GSK 2.55
LONDON STOCK EXCHANGE GROUP 2.28
RIO TINTO 2.26
Total 42.42

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Equity Index Fund - the underlying fund.

Underlying fund objective: The fund gains its exposure via the M&G (ACS) BlackRock UK All Share Equity fund. The underlying fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE All Share Index.

Within the index-related limits, the Investment Manager uses a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as the Index in order to meet the fund's investment objective. In addition the Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Investment Manager's ESG research framework, and underweighting the securities which score less well.

Performance Objective: The fund aims to provide a total return (i.e. capital growth plus income), gross of the Ongoing Charges Figure, over any three year period.

Fund Manager

Nigel Booth manager of the underlying fund for 20 years and 7 months

Photo of Nigel Booth Nigel Booth is head of index funds and manages some 20 index funds. Before joining Prudential Group, he was responsible for index/passive funds and derivatives dealing at Clerical Medical Investment Management (now Insight Investment). Nigel graduated in business studies.

Fund Overview

Daily price (26/03/2024) 363.10
Fund size (29/02/2024) £51.82m
Underlying Fund size £90.38m
Number of holdings 488
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 06/04/2001

Asset Allocation

pie chart
  UK Equities 89.77%
  International Equities 2.83%
  Investment Trusts 2.60%
  Property 1.80%
  Cash and Equivalents 1.26%
  Alternative Trading Strategies 0.01%
  Other Assets 1.73%

Commentary

Performance as at Q4 2023 - The UK stockmarket ended 2023 on a positive note, with solid gains in the fourth quarter. However, the UK was one of the weaker regions globally, trailing the US and Europe, with concerns about the UK's subdued economy weighing on sentiment. The economy shrank in the third quarter, following zero growth in the second quarter. Encouragingly, inflation fell to 3.9% in November, and expectations that the Bank of England might cut interest rates in 2024 helped share prices climb from late October. Real estate and utilities, two sectors that are perceived to be sensitive to interest rates, registered healthy gains. Industrials and information technology also rallied. In contrast, defensive areas such as consumer staples and healthcare were laggards. Energy stocks fell as oil prices weakened. In terms of size, small- and mid-cap stocks outperformed their larger counterparts in the FTSE 100 Index.

Source: M&G

Important Information

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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 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 GBP 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Equities 89.77%
  International Equities 2.83%
  Investment Trusts 2.60%
  Property 1.80%
  Cash and Equivalents 1.26%
  Alternative Trading Strategies 0.01%
  Other Assets 1.73%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 21.28% - - -
 
Banks - 9.41% - -
 
Banks - - 9.41% -
 
Banks - - - 9.41%
 
Financial Services - 8.87% - -
 
Investment Banking & Brokerage Services - - 3.82% -
 
Asset Managers & Custodians - - - 3.44%
 
Investment Services - - - 0.38%
 
Diversified Financial Services - - - 0.00%
 
Equity Investment Instruments - - 2.62% -
 
Equity Investment Instruments - - - 2.62%
 
Finance & Credit Services - - 2.43% -
 
Financial Data & Systems - - - 2.28%
 
Consumer Lending - - - 0.15%
 
Insurance - 3.00% - -
 
Life Insurance - - 2.87% -
 
Life Insurance - - - 2.87%
 
Non-life Insurance - - 0.13% -
 
Property & Casualty Insurance - - - 0.11%
 
Full Line Insurance - - - 0.02%
 
Consumer Staples 14.42% - - -
 
Personal Care, Drug & Grocery Stores - 7.46% - -
 
Personal Care, Drug & Grocery Stores - - 7.46% -
 
Personal Products - - - 4.26%
 
Nondurable Household Products - - - 1.78%
 
Food Retailers & Wholesalers - - - 1.42%
 
Food, Beverage & Tobacco - 6.96% - -
 
Beverages - - 5.27% -
 
Distillers & Vintners - - - 4.14%
 
Soft Drinks - - - 1.13%
 
Food Producers - - 1.69% -
 
Food Products - - - 1.68%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Consumer Discretionary 13.38% - - -
 
Media - 5.59% - -
 
Media - - 5.59% -
 
Publishing - - - 4.56%
 
Media Agencies - - - 0.93%
 
Radio & TV Broadcasters - - - 0.09%
 
Entertainment - - - 0.01%
 
Consumer Products & Services - 3.97% - -
 
Consumer Services - - 2.23% -
 
Vending & Catering Service - - - 2.19%
 
Consumer Services: Misc. - - - 0.04%
 
Household Goods & Home Construction - - 1.45% -
 
Home Construction - - - 1.43%
 
Household Furnishings - - - 0.02%
 
Personal Goods - - 0.29% -
 
Clothing & Accessories - - - 0.24%
 
Luxury Items - - - 0.05%
 
Leisure Goods - - 0.00% -
 
Electronic Entertainment - - - 0.00%
 
Travel & Leisure - 2.44% - -
 
Travel & Leisure - - 2.44% -
 
Hotels & Motels - - - 1.38%
 
Airlines - - - 0.42%
 
Travel & Tourism - - - 0.31%
 
Restaurants & Bars - - - 0.30%
 
Recreational Services - - - 0.03%
 
Retail - 1.26% - -
 
Retailers - - 1.26% -
 
Diversified Retailers - - - 0.55%
 
Home Improvement Retailers - - - 0.52%
 
Specialty Retailers - - - 0.16%
 
Apparel Retailers - - - 0.03%
 
Automobiles & Parts - 0.13% - -
 
Automobiles & Parts - - 0.13% -
 
Auto Parts - - - 0.08%
 
Automobiles - - - 0.05%
 
Industrials 12.27% - - -
 
Industrial Goods & Services - 11.84% - -
 
Aerospace & Defence - - 4.25% -
 
Defense - - - 2.45%
 
Aerospace - - - 1.80%
 
Industrial Support Services - - 2.60% -
 
Professional Business Support Services - - - 1.90%
 
Industrial Suppliers - - - 0.52%
 
Transaction Processing Services - - - 0.10%
 
Business Training & Employment Agencies - - - 0.04%
 
Security Services - - - 0.04%
 
General Industrials - - 1.74% -
 
Containers & Packaging - - - 1.28%
 
Diversified Industrials - - - 0.46%
 
Industrial Transportation - - 1.52% -
 
Commercial Vehicle-Equipment Leasing - - - 1.21%
 
Transportation Services - - - 0.27%
 
Delivery Services - - - 0.04%
 
Industrial Engineering - - 0.90% -
 
Machinery: Industrial - - - 0.58%
 
Machinery: Construction & Handling - - - 0.27%
 
Machinery: Specialty - - - 0.05%
 
Electronic & Electrical Equipment - - 0.82% -
 
Electronic Equipment: Gauges & Meters - - - 0.40%
 
Electrical Components - - - 0.33%
 
Electronic Equipment: Control & Filter - - - 0.09%
 
Construction & Materials - 0.43% - -
 
Construction & Materials - - 0.43% -
 
Construction - - - 0.32%
 
Building Materials: Other - - - 0.07%
 
Engineering & Contracting Services - - - 0.04%
 
Energy 10.35% - - -
 
Energy - 10.35% - -
 
Non-Renewable Energy - - 10.35% -
 
Integrated Oil & Gas - - - 9.98%
 
Oil: Crude Producers - - - 0.24%
 
Oil Equipment & Services - - - 0.13%
 
Health Care 10.18% - - -
 
Health Care - 10.18% - -
 
Pharmaceuticals & Biotechnology - - 9.77% -
 
Pharmaceuticals - - - 9.73%
 
Biotechnology - - - 0.04%
 
Medical Equipment & Services - - 0.41% -
 
Medical Supplies - - - 0.25%
 
Medical Equipment - - - 0.16%
 
Basic Materials 6.23% - - -
 
Basic Resources - 5.44% - -
 
Industrial Metals & Mining - - 5.09% -
 
General Mining - - - 3.96%
 
Copper - - - 0.67%
 
Metal Fabricating - - - 0.32%
 
Iron & Steel - - - 0.14%
 
Precious Metals & Mining - - 0.34% -
 
Gold Mining - - - 0.31%
 
Platinum & Precious Metals - - - 0.03%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.01% -
 
Diversified Materials - - - 0.01%
 
Chemicals - 0.79% - -
 
Chemicals - - 0.79% -
 
Chemicals: Diversified - - - 0.75%
 
Specialty Chemicals - - - 0.04%
 
Utilities 3.21% - - -
 
Utilities - 3.21% - -
 
Gas, Water & Multi-utilities - - 2.28% -
 
Multi-Utilities - - - 1.90%
 
Water - - - 0.38%
 
Electricity - - 0.91% -
 
Conventional Electricity - - - 0.91%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Non-Classified 2.38% - - -
 
Real Estate 2.12% - - -
 
Real Estate - 2.12% - -
 
Real Estate Investment Trusts - - 1.96% -
 
Industrial REITs - - - 0.68%
 
Diversified REITs - - - 0.49%
 
Storage REITs - - - 0.22%
 
Residential REITs - - - 0.21%
 
Other Specialty REITs - - - 0.13%
 
Office REITs - - - 0.12%
 
Health Care REITs - - - 0.07%
 
Retail REITs - - - 0.04%
 
Real Estate Investment & Services - - 0.16% -
 
Real Estate Services - - - 0.11%
 
Real Estate Holding and Development - - - 0.05%
 
Technology 1.67% - - -
 
Technology - 1.67% - -
 
Software & Computer Services - - 1.59% -
 
Software - - - 0.87%
 
Consumer Digital Services - - - 0.50%
 
Computer Services - - - 0.21%
 
Technology Hardware & Equipment - - 0.08% -
 
Production Technology Equipment - - - 0.04%
 
Semiconductors - - - 0.03%
 
Electronic Components - - - 0.02%
 
Cash and Equivalents 1.26% - - -
 
Telecommunications 1.22% - - -
 
Telecommunications - 1.22% - -
 
Telecommunications Service Providers - - 1.18% -
 
Telecommunications Services - - - 1.18%
 
Telecommunications Equipment - - 0.04% -
 
Telecommunications Equipment - - - 0.04%
 
Alternative Trading Strategies 0.01% - - -
 
Alternative Trading Strategies - 0.01% - -
 
Alternative Trading Strategies - - 0.01% -
 
Alternative Trading Strategies - - - 0.01%

Regional Allocation

pie chart
  UK 89.87%
  Non-Classified 4.70%
  Developed Europe - Excl UK 2.22%
  Property 1.59%
  Cash and Equivalents 1.26%
  North America 0.21%
  Middle East & Africa 0.13%
  Developed Asia 0.01%
  South & Central America 0.01%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.82%
  Cash 1.10%
  Pound Sterling 0.08%
  US Dollar 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 89.87% -
 
United Kingdom - 89.98%
 
Non-Classified 4.70% -
 
Developed Europe - Excl UK 2.22% -
 
Ireland - 1.29%
 
Switzerland - 0.42%
 
Germany - 0.21%
 
Spain - 0.21%
 
Netherlands - 0.06%
 
Luxembourg - 0.01%
 
France - 0.01%
 
Sweden - 0.01%
 
Property 1.59% -
 
Cash and Equivalents 1.26% -
 
North America 0.21% -
 
United States - 0.20%
 
Canada - 0.01%
 
Middle East & Africa 0.13% -
 
Israel - 0.13%
 
Developed Asia 0.01% -
 
Hong Kong - 0.01%
 
South & Central America 0.01% -
 
Cayman Islands - 0.01%

Breakdown By Market Cap (%)

Mega
 
 
51.93%
Large
 
 
18.58%
Medium
 
 
11.85%
Small
 
 
4.09%
Micro
 
 
0.49%
Non-Classified
 
 
11.80%
Cash
 
 
1.26%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 7.16% Pharmaceuticals & Biotechnology United Kingdom
2 SHELL 6.16% Non-Renewable Energy United Kingdom
3 HSBC HOLDINGS 6.05% Banks United Kingdom
4 UNILEVER 4.26% Personal Care, Drug & Grocery Stores United Kingdom
5 DIAGEO 4.01% Beverages United Kingdom
6 RELX 3.86% Media United Kingdom
7 BP 3.82% Non-Renewable Energy United Kingdom
8 GSK 2.55% Pharmaceuticals & Biotechnology United Kingdom
9 LONDON STOCK EXCHANGE GROUP 2.28% Finance & Credit Services United Kingdom
10 RIO TINTO 2.26% Industrial Metals & Mining United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.53% 0.14% - - - - - - 1.67%
Telecommunications 1.22% - - - - - - - 1.22%
Financials 18.52% 0.16% - - - - 2.60% - 21.28%
Real Estate 0.63% - - - - 1.49% - - 2.12%
Consumer Discretionary 12.85% 0.53% - - - - - - 13.38%
Consumer Staples 13.70% 0.72% - - - - - - 14.42%
Energy 10.35% - - - - - - - 10.35%
Utilities 3.21% - - - - - - - 3.21%
Health Care 10.14% 0.04% - - - - - - 10.18%
Industrials 11.34% 0.93% - - - - - - 12.27%
Basic Materials 6.15% 0.08% - - - - - - 6.23%
Cash and Equivalents - - - - - - - 1.26% 1.26%
Non-Classified 0.11% 0.23% - - - 0.31% 1.74% - 2.39%

Important Information

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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 3169458
Mex Code PUKP
Isin Code GB0031694580
Citi Code P287

Fund Charges

Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Equity Index Fund - the underlying fund. Underlying fund objective: The fund gains its exposure via the M&G (ACS) BlackRock UK All Share Equity fund. The underlying fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE All Share Index. Within the index-related limits, the Investment Manager uses a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as the Index in order to meet the fund's investment objective. In addition the Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Investment Manager's ESG research framework, and underweighting the securities which score less well. Performance Objective: The fund aims to provide a total return (i.e. capital growth plus income), gross of the Ongoing Charges Figure, over any three year period.
Benchmark FTSE All-Share Index
ABI Sector UK All Companies

Important Information

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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 3.97
Beta 0.91
Sharpe 0.40
Standard Deviation 10.66
Info Ratio 1.31

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds No
Sector Specific Yes
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property Yes
Exchange Rate No
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 Yes
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

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

Sector Specific

The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.

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.

Property

The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)

Solvency of Depository

The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.

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

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.

These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.

We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.

  • Higher Risk
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

Higher Risk

These are specialist equity funds that focus on set geographical regions or a particular type of share e.g. shares of smaller companies or those that conform to certain criteria.

Help

Important Information

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.

Important Information

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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 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 GBP 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 intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme 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 infomation or make any warranties regarding results from its usage.

Prudential is a trading name of Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.