Premier Miton Premier Miton Multi-Asset Distribution Class C Acc

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

Performance

Discrete performance - to last month end

30/04/19
to
30/04/20		 30/04/20
to
30/04/21		 30/04/21
to
30/04/22		 30/04/22
to
30/04/23		 30/04/23
to
30/04/24
Fund -11.8% 23.4% 0.6% -2.6% 5.1%
Sector -3.6% 15.9% -1.2% -2.6% 6.4%
Rank 140/147 10/154 47/165 95/174 134/183
Quartile 4 1 2 3 3

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund 1.0% 2.3% 4.3%
Sector 0.8% 2.7% 3.7%
Rank 77/165 97/147 33/103
Quartile 2 3 2

Top 10 Holdings

Stock % Weight
Assura Assura Ord GBP0.10 3.19
PRIMARY HEALTH PROPERTIES 3.00
Empiric Student Property Plc Empiric Student Property Ord GBP0.01 2.47
Plenum Insurance Capital P2DR GBP Inc 1.44
Target Healthcare REIT Ltd Target Healthcare REIT ORD GBP1 1.10
Impact Health Care REIT Impact Health Care REIT ORD GBP0.01 0.90
Picton Picton Property Income Ord NPV 0.89
LXi REIT Advisors Ltd LXi REIT ORD GBP0.01 0.89
BP 0.84
GSK 0.79
Total 15.51

Fund Aims

The objective of the fund is to provide income together with capital growth over the long-term, being five years or more. Five years is also the minimum recommended period for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested. Income will be paid four times a year as dividend distributions.

Fund Manager

Premier Miton multi-manager multi-asset investment team manager for 25 years and 3 months

Photo of Premier Miton multi-manager multi-asset investment team The Premier Miton multi-manager multi asset investment team is headed by David Hambidge who has managed multi-manager style funds at Premier Miton since 1995. The fund team also includes fund managers Ian Rees, David Thornton, Nick Kelsall and Mark Rimmer.

Fund Overview

Mid (02/05/2024) 390.90p
Historic yield 4.90%
Fund size (31/01/2024) £621.02m
Number of holdings 2683
Entry Charge 0.00%
Ongoing Charges 1.09%
Launch date 02/02/2015

Asset Allocation

pie chart
  UK Equities 26.28%
  International Bonds 17.61%
  International Equities 15.77%
  Property 13.77%
  UK Corporate Bonds 5.56%
  Cash and Equivalents 3.47%
  Investment Trusts 2.23%
  Alternative Trading Strategies 0.35%
  Other Assets 14.96%
Portfolio data accurate as at: 31/01/24

Important Information

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 ongoing charges, but take no account of product charges. Ongoing charges 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 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
  UK Equities 26.28%
  International Bonds 17.61%
  International Equities 15.77%
  Property 13.77%
  UK Corporate Bonds 5.56%
  Cash and Equivalents 3.47%
  Investment Trusts 2.23%
  Alternative Trading Strategies 0.35%
  Other Assets 14.96%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 23.21% - - -
 
 Non-Classified 16.01% - - -
 
 Non-Classified - 8.63% - -
 
 Non-Classified - - 8.63% -
 
 Non-Classified - - - 8.63%
 
 Real Estate 13.92% - - -
 
 Real Estate - 13.92% - -
 
 Real Estate Investment Trusts - - 13.34% -
 
 Health Care REITs - - - 8.19%
 
 Residential REITs - - - 2.47%
 
 Diversified REITs - - - 1.38%
 
 Retail REITs - - - 0.57%
 
 Office REITs - - - 0.24%
 
 Industrial REITs - - - 0.14%
 
 Storage REITs - - - 0.11%
 
 Infrastructure REITs - - - 0.10%
 
 Other Specialty REITs - - - 0.09%
 
 Timber REITs - - - 0.05%
 
 Real Estate Investment & Services - - 0.58% -
 
 Real Estate Holding and Development - - - 0.50%
 
 Real Estate Services - - - 0.08%
 
 Financials 11.27% - - -
 
 Financial Services - 5.89% - -
 
 Investment Banking & Brokerage Services - - 3.12% -
 
 Asset Managers & Custodians - - - 1.80%
 
 Investment Services - - - 1.23%
 
 Diversified Financial Services - - - 0.09%
 
 Equity Investment Instruments - - 2.23% -
 
 Equity Investment Instruments - - - 2.23%
 
 Finance & Credit Services - - 0.55% -
 
 Consumer Lending - - - 0.23%
 
 Financial Data & Systems - - - 0.19%
 
 Mortgage Finance - - - 0.12%
 
 Banks - 2.86% - -
 
 Banks - - 2.86% -
 
 Banks - - - 2.86%
 
 Insurance - 2.52% - -
 
 Non-life Insurance - - 1.58% -
 
 Property & Casualty Insurance - - - 0.98%
 
 Full Line Insurance - - - 0.31%
 
 Reinsurance - - - 0.26%
 
 Insurance Brokers - - - 0.03%
 
 Life Insurance - - 0.93% -
 
 Life Insurance - - - 0.93%
 
 Industrials 9.03% - - -
 
 Industrial Goods & Services - 7.88% - -
 
 Industrial Support Services - - 2.54% -
 
 Professional Business Support Services - - - 1.03%
 
 Business Training & Employment Agencies - - - 0.64%
 
 Industrial Suppliers - - - 0.55%
 
 Transaction Processing Services - - - 0.22%
 
 Security Services - - - 0.09%
 
 Industrial Transportation - - 1.71% -
 
 Transportation Services - - - 0.73%
 
 Commercial Vehicle-Equipment Leasing - - - 0.47%
 
 Delivery Services - - - 0.22%
 
 Railroads - - - 0.18%
 
 Marine Transportation - - - 0.11%
 
 General Industrials - - 1.66% -
 
 Diversified Industrials - - - 1.24%
 
 Containers & Packaging - - - 0.40%
 
 Glass - - - 0.02%
 
 Electronic & Electrical Equipment - - 1.15% -
 
 Electrical Components - - - 0.86%
 
 Electronic Equipment: Control & Filter - - - 0.22%
 
 Electronic Equipment: Other - - - 0.05%
 
 Electronic Equipment: Pollution Control - - - 0.01%
 
 Aerospace & Defence - - 0.50% -
 
 Defense - - - 0.46%
 
 Aerospace - - - 0.04%
 
 Industrial Engineering - - 0.32% -
 
 Machinery: Specialty - - - 0.13%
 
 Machinery: Industrial - - - 0.13%
 
 Machinery: Agricultural - - - 0.06%
 
 Construction & Materials - 1.15% - -
 
 Construction & Materials - - 1.15% -
 
 Engineering & Contracting Services - - - 0.39%
 
 Building Materials: Other - - - 0.36%
 
 Building: Climate Control - - - 0.14%
 
 Building, Roofing/Wallboard & Plumbing - - - 0.11%
 
 Construction - - - 0.09%
 
 Cement - - - 0.05%
 
 Consumer Discretionary 4.95% - - -
 
 Consumer Products & Services - 1.95% - -
 
 Household Goods & Home Construction - - 1.11% -
 
 Home Construction - - - 1.04%
 
 Household Appliance - - - 0.04%
 
 Household Furnishings - - - 0.02%
 
 Leisure Goods - - 0.40% -
 
 Toys - - - 0.18%
 
 Recreational Products - - - 0.10%
 
 Electronic Entertainment - - - 0.09%
 
 Recreational Vehicles & Boats - - - 0.03%
 
 Personal Goods - - 0.31% -
 
 Cosmetics - - - 0.16%
 
 Clothing & Accessories - - - 0.15%
 
 Consumer Services - - 0.14% -
 
 Funeral Parlors & Cemetery - - - 0.09%
 
 Consumer Services: Misc. - - - 0.05%
 
 Education Services - - - 0.00%
 
 Media - 1.36% - -
 
 Media - - 1.36% -
 
 Publishing - - - 0.79%
 
 Media Agencies - - - 0.53%
 
 Radio & TV Broadcasters - - - 0.03%
 
 Retail - 0.95% - -
 
 Retailers - - 0.95% -
 
 Diversified Retailers - - - 0.41%
 
 Specialty Retailers - - - 0.27%
 
 Home Improvement Retailers - - - 0.27%
 
 Travel & Leisure - 0.56% - -
 
 Travel & Leisure - - 0.56% -
 
 Travel & Tourism - - - 0.18%
 
 Recreational Services - - - 0.18%
 
 Restaurants & Bars - - - 0.16%
 
 Casinos & Gambling - - - 0.04%
 
 Automobiles & Parts - 0.13% - -
 
 Automobiles & Parts - - 0.13% -
 
 Auto Parts - - - 0.08%
 
 Automobiles - - - 0.05%
 
 Consumer Staples 4.52% - - -
 
 Food, Beverage & Tobacco - 3.13% - -
 
 Tobacco - - 1.41% -
 
 Tobacco - - - 1.41%
 
 Food Producers - - 0.95% -
 
 Food Products - - - 0.92%
 
 Farming, Fishing, Ranching & Plantations - - - 0.03%
 
 Beverages - - 0.77% -
 
 Soft Drinks - - - 0.38%
 
 Distillers & Vintners - - - 0.26%
 
 Brewers - - - 0.14%
 
 Personal Care, Drug & Grocery Stores - 1.38% - -
 
 Personal Care, Drug & Grocery Stores - - 1.38% -
 
 Personal Products - - - 0.79%
 
 Food Retailers & Wholesalers - - - 0.44%
 
 Nondurable Household Products - - - 0.15%
 
 Cash and Equivalents 3.47% - - -
 
 Health Care 2.89% - - -
 
 Health Care - 2.89% - -
 
 Pharmaceuticals & Biotechnology - - 2.19% -
 
 Pharmaceuticals - - - 2.05%
 
 Biotechnology - - - 0.13%
 
 Medical Equipment & Services - - 0.65% -
 
 Medical Equipment - - - 0.49%
 
 Medical Supplies - - - 0.11%
 
 Medical Services - - - 0.06%
 
 Health Care Providers - - 0.05% -
 
 Health Care Management Services - - - 0.05%
 
 Energy 2.66% - - -
 
 Energy - 2.66% - -
 
 Non-Renewable Energy - - 2.50% -
 
 Integrated Oil & Gas - - - 1.54%
 
 Oil: Crude Producers - - - 0.51%
 
 Pipelines - - - 0.41%
 
 Oil Equipment & Services - - - 0.04%
 
 Renewable Energy - - 0.16% -
 
 Renewable Energy Equipment - - - 0.14%
 
 Alternative Fuels - - - 0.03%
 
 Utilities 2.52% - - -
 
 Utilities - 2.52% - -
 
 Electricity - - 1.50% -
 
 Conventional Electricity - - - 1.22%
 
 Alternative Electricity - - - 0.27%
 
 Gas, Water & Multi-utilities - - 1.02% -
 
 Multi-Utilities - - - 0.59%
 
 Water - - - 0.32%
 
 Gas Distribution - - - 0.11%
 
 Technology 2.45% - - -
 
 Technology - 2.45% - -
 
 Software & Computer Services - - 1.26% -
 
 Software - - - 0.59%
 
 Computer Services - - - 0.47%
 
 Consumer Digital Services - - - 0.20%
 
 Technology Hardware & Equipment - - 1.19% -
 
 Semiconductors - - - 0.75%
 
 Production Technology Equipment - - - 0.21%
 
 Electronic Components - - - 0.19%
 
 Computer Hardware - - - 0.05%
 
 Basic Materials 1.65% - - -
 
 Basic Resources - 0.94% - -
 
 Industrial Metals & Mining - - 0.74% -
 
 General Mining - - - 0.61%
 
 Copper - - - 0.10%
 
 Metal Fabricating - - - 0.02%
 
 Nonferrous Metals - - - 0.01%
 
 Iron & Steel - - - 0.00%
 
 Precious Metals & Mining - - 0.20% -
 
 Gold Mining - - - 0.14%
 
 Platinum & Precious Metals - - - 0.07%
 
 Chemicals - 0.71% - -
 
 Chemicals - - 0.71% -
 
 Chemicals: Diversified - - - 0.51%
 
 Specialty Chemicals - - - 0.21%
 
 Telecommunications 1.11% - - -
 
 Telecommunications - 1.11% - -
 
 Telecommunications Service Providers - - 0.96% -
 
 Telecommunications Services - - - 0.96%
 
 Telecommunications Equipment - - 0.16% -
 
 Telecommunications Equipment - - - 0.16%
 
 Alternative Trading Strategies 0.35% - - -
 
 Alternative Trading Strategies - 0.35% - -
 
 Alternative Trading Strategies - - 0.35% -
 
 Alternative Trading Strategies - - - 0.35%

Regional Allocation

pie chart
  UK 31.88%
  Property 13.65%
  Developed Europe - Excl UK 13.06%
  Non-Classified 18.56%
  North America 6.98%
  Cash and Equivalents 3.47%
  Emerging Asia 3.27%
  Japan 3.10%
  South & Central America 1.82%
  Other Regions 4.22%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 73.65%
  US Dollar 7.93%
  Pound Sterling 6.97%
  Euro 5.61%
  Cash 3.18%
  Rand 0.43%
  Other Currencies 2.23%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 31.88% -
 
 United Kingdom - 31.84%
 
 Isle of Man - 0.04%
 
 Property 13.65% -
 
 Developed Europe - Excl UK 13.06% -
 
 Germany - 2.27%
 
 Ireland - 2.08%
 
 France - 1.80%
 
 Italy - 1.42%
 
 Spain - 1.35%
 
 Netherlands - 0.97%
 
 Switzerland - 0.91%
 
 Sweden - 0.52%
 
 Luxembourg - 0.47%
 
 Denmark - 0.35%
 
 Norway - 0.24%
 
 Belgium - 0.22%
 
 Portugal - 0.16%
 
 Austria - 0.15%
 
 Iceland - 0.09%
 
 Finland - 0.03%
 
 Non-Classified 18.56% -
 
 North America 6.98% -
 
 United States - 6.50%
 
 Canada - 0.27%
 
 Bermuda - 0.21%
 
 Cash and Equivalents 3.47% -
 
 Emerging Asia 3.27% -
 
 South Korea - 0.96%
 
 Indonesia - 0.46%
 
 China - 0.43%
 
 Thailand - 0.38%
 
 India - 0.33%
 
 Taiwan - 0.32%
 
 Philippines - 0.14%
 
 Malaysia - 0.09%
 
 Viet Nam - 0.06%
 
 Uzbekistan - 0.04%
 
 Georgia - 0.02%
 
 Kazakhstan - 0.01%
 
 Sri Lanka - 0.01%
 
 Mongolia - 0.00%
 
 Azerbaijan - 0.00%
 
 Japan 3.10% -
 
 Japan - 3.10%
 
 South & Central America 1.82% -
 
 Mexico - 0.53%
 
 Brazil - 0.52%
 
 Colombia - 0.27%
 
 Chile - 0.14%
 
 Peru - 0.07%
 
 Uruguay - 0.06%
 
 Argentina - 0.06%
 
 Ecuador - 0.05%
 
 Dominican Republic - 0.03%
 
 Guatemala - 0.03%
 
 Paraguay - 0.02%
 
 Trinidad and Tobago - 0.02%
 
 Venezuela - 0.02%
 
 Honduras - 0.01%
 
 Developed Asia 1.40% -
 
 Hong Kong - 0.88%
 
 Singapore - 0.52%
 
 Middle East & Africa 1.27% -
 
 South Africa - 0.44%
 
 Israel - 0.12%
 
 Saudi Arabia - 0.12%
 
 Qatar - 0.11%
 
 United Arab Emirates - 0.08%
 
 Nigeria - 0.07%
 
 Ghana - 0.05%
 
 Cote D'Ivoire - 0.04%
 
 Egypt - 0.03%
 
 Angola - 0.03%
 
 Senegal - 0.03%
 
 Togo - 0.03%
 
 Morocco - 0.03%
 
 Lebanon - 0.03%
 
 Gabon - 0.02%
 
 Zambia - 0.02%
 
 Jordan - 0.01%
 
 Rwanda - 0.00%
 
 Mozambique - 0.00%
 
 Tunisia - 0.00%
 
 Australia & New Zealand 0.82% -
 
 Australia - 0.84%
 
 Emerging Europe 0.71% -
 
 Romania - 0.19%
 
 Czech Republic - 0.17%
 
 Hungary - 0.12%
 
 Greece - 0.08%
 
 Turkey - 0.04%
 
 Ukraine - 0.03%
 
 Poland - 0.03%
 
 Slovenia - 0.02%
 
 Serbia - 0.02%
 
 Australia & New Zealand 0.02% -

Breakdown By Market Cap (%)

Mega
 
 
11.52%
Large
 
 
8.57%
Medium
 
 
16.95%
Small
 
 
11.34%
Micro
 
 
1.66%
Non-Classified
 
 
23.31%
Bonds
 
 
23.17%
Cash
 
 
3.47%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
8.37%
5Yr - 10Yr Maturity
 
 
4.96%
10Yr - 15Yr Maturity
 
 
1.20%
> 15Yr Maturity
 
 
8.64%
Cash And Equivalents
 
 
3.47%
Unknown Maturity
 
 
4.56%
Other Asset Types
 
 
68.79%

Fixed Interest Quality Profile

AAA
 
 
1.56%
AA
 
 
0.83%
A
 
 
1.66%
BBB
 
 
4.48%
Sub-Investment Grade
 
 
4.61%
Unknown Quality
 
 
10.02%
Cash and Equivalents
 
 
3.47%
Other Asset Types
 
 
73.35%

Top 10 Fund Holdings

Name % Weight Sector Country
1 Allianz UK Listed Equity Income Class E 5.01% Managed Funds Managed Funds
2 Premier Premier Miton Financials Capital Securities Class C 4.96% Managed Funds Managed Funds
3 GAM UK Equity Income Class Z 4.82% Managed Funds Managed Funds
4 Franklin Templeton FTF Martin Currie UK Equity Income Fund Class W 4.60% Managed Funds Managed Funds
5 Premier Premier Miton Strategic Monthly Income Bond Class C 3.97% Managed Funds Managed Funds
6 MI TwentyFour Investment Funds Monument Bond Class L 3.85% Managed Funds Managed Funds
7 Assura Assura Ord GBP0.10 3.19% Real Estate Investment Trusts Direct Property and REITs
8 Royal London Sterling Credit Class Z 3.11% Managed Funds Managed Funds
9 Premier Premier Miton Optimum Income Class C 3.06% Managed Funds Managed Funds
10 Montanaro Montanaro UK Income Fund Seed Class GBP 3.04% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 Assura Assura Ord GBP0.10 3.19% Real Estate Investment Trusts Direct Property and REITs
2 PRIMARY HEALTH PROPERTIES 3.00% Real Estate Investment Trusts Direct Property and REITs
3 Empiric Student Property Plc Empiric Student Property Ord GBP0.01 2.47% Real Estate Investment Trusts Direct Property and REITs
4 Plenum Insurance Capital P2DR GBP Inc 1.44% Non-Classified Non-Classified
5 Target Healthcare REIT Ltd Target Healthcare REIT ORD GBP1 1.10% Real Estate Investment Trusts Direct Property and REITs
6 Impact Health Care REIT Impact Health Care REIT ORD GBP0.01 0.90% Real Estate Investment Trusts Direct Property and REITs
7 Picton Picton Property Income Ord NPV 0.89% Non-Classified Direct Property and REITs
8 LXi REIT Advisors Ltd LXi REIT ORD GBP0.01 0.89% Real Estate Investment Trusts Direct Property and REITs
9 BP 0.84% Non-Renewable Energy United Kingdom
10 GSK 0.79% Pharmaceuticals & Biotechnology United Kingdom

Important Information

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 BTHH0B7
Mex Code BDAAEH
Isin Code GB00BTHH0B79
Citi Code M25M

Fund Charges

Entry Charge 0.00%
Ongoing Charges 1.09%

Aims and Benchmark

Aims The objective of the fund is to provide income together with capital growth over the long-term, being five years or more. Five years is also the minimum recommended period for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested. Income will be paid four times a year as dividend distributions.
Benchmark IA Mixed Investment 20-60% Shares Sector
Benchmark Category Comparator
IA Sector Mixed Investment 20-60% Shares

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Quarterly
Distribution Type No income
Distribution Payment Basis Gross

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 December 31 January
01 March 30 April
01 June 31 July
01 September 31 October

Ratings

FE Crown Crown Rating of 3

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository Northern Trust Global Services SE
Fund Administrator Northern Trust Global Services SE
Fund Registrar Northern Trust Global Services SE
Fund Custodian The Northern Trust Company

Group Details

Group name Premier Miton Investors
Group address Eastgate Court High Street Guildford Surrey GU1 3DE
Group telephone 0845 6056363
Dealing telephone -
Email sales@premierfunds.co.uk
Homepage www.premiermiton.com
Fax number 01483 300845

Dealing

Minimum Investment £250000
Minimum Top Up £25000
Minimum Regular Saving -
Settlement Period: Buy 4 days
Settlement Period: Sell 4 days
Pricing Basis Forward
Dealing Decimals 3

Important Information

Ongoing charges 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 0.01
Beta 1.05
Sharpe 0.00
Standard Deviation 7.79
Info Ratio 0.00

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies Yes
High Yield Bonds Yes
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 Yes
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

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.

Smaller Companies

The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

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.

Income Eroding Capital Growth

The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.

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

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

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 ongoing charges, but take no account of product charges. Ongoing charges 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 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. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.