Prudential UK Equity S1

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 18.6% -7.3% 15.8% -6.4% 6.2%
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 2.7% 4.8% 4.8% 4.2%
Benchmark 3.2% 8.6% 6.6% 5.3%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 6.38
HSBC HOLDINGS 6.21
UNILEVER 4.42
BP 3.96
SHELL 3.94
GSK 3.58
DIAGEO 2.91
LONDON STOCK EXCHANGE GROUP 1.99
RIO TINTO 1.89
RELX 1.86
Total 37.14

Fund Aims

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

Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions.

Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 8 years and 1 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Bid (26/03/2024) 8.95
Offer (26/03/2024) 9.43
Fund size (29/02/2024) £115.95m
Underlying Fund size £279.50m
Number of holdings 726
Launch date 02/07/1991

Fund Charges

Annual Management Charge (AMC) 0.75%
Further Costs 0.02%
Yearly Total 0.77%

Asset Allocation

pie chart
  UK Equities 91.84%
  International Equities 2.91%
  Property 2.03%
  Investment Trusts 1.27%
  Cash and Equivalents 1.09%
  Alternative Trading Strategies 0.00%
  Other Assets 0.86%

Commentary

Performance as at Q4 2023 - The UK stockmarket gained in the final quarter of 2023, although it was behind some global counterparts as concerns over subdued economic activity dampened investor sentiment. Inflation continued to decline, boosting expectations that the Bank of England might start cutting interest rates in 2024. In terms of size, small- and medium-sized stocks outperformed larger companies over the quarter. In this environment, the fund gained and was modestly behind the FTSE All-Share Index. The Smaller Companies and UK Equity Growth funds were ahead of their respective indices, while Recovery and UK Equity Dividend funds underperformed their indices. The Recovery Fund’s performance was held back as October’s risk-off sentiment weighed on investor appetite for recovering business models, while the shift in interest rate expectations from November prompted investors to switch to a growth investment style. By contrast, the portfolio tends to exhibit more of a value bias due to its focus on overlooked companies. A holding in BP detracted on disappointing third-quarter earnings results, attributable to a weaker environment for natural gas trading and a sizeable write-down within its US offshore wind project. Stock selection weighed on the Equity Dividend Fund’s performance, most notably in real estate and energy. However, sector allocation added value, thanks to a below-index position in consumer staples and an above-benchmark allocation to utilities, while a below-benchmark position in industrials cost some performance. Detractors included energy firm BP, which was hurt by the weaker oil price during the quarter. Emerging markets investment manager Ashmore added value on the back of a bounce in cyclical stocks. The Smaller Companies Fund’s performance was supported by both sector allocation and stock selection. Below-benchmark positions in energy and utilities were beneficial, as was an abovebenchmark allocation to technology. Individual contributors included sofa retailer SCS, which accepted a bid offer at a material premium to the firm’s stock price. Meanwhile, detractors included branding and promotional products firm Pebble Group, which issued a profit warning on the back of a weaker end-market environment. Finally, the Equity Growth Fund’s outperformance of its benchmark was supported by above-index positions in technology and industrials and a below-market allocation to energy, while an above-index stance in healthcare cost some performance. Individual contributors included B2B media firm Ascential and investment platform IntegraFin while leading detractors included clean energy company Ceres Power and drinks company Fevertree.

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 91.84%
  International Equities 2.91%
  Property 2.03%
  Investment Trusts 1.27%
  Cash and Equivalents 1.09%
  Alternative Trading Strategies 0.00%
  Other Assets 0.86%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 22.70% - - -
 
Banks - 9.35% - -
 
Banks - - 9.35% -
 
Banks - - - 9.35%
 
Financial Services - 8.99% - -
 
Investment Banking & Brokerage Services - - 5.46% -
 
Asset Managers & Custodians - - - 4.54%
 
Investment Services - - - 0.87%
 
Diversified Financial Services - - - 0.06%
 
Finance & Credit Services - - 2.25% -
 
Financial Data & Systems - - - 1.99%
 
Mortgage Finance - - - 0.19%
 
Consumer Lending - - - 0.07%
 
Equity Investment Instruments - - 1.28% -
 
Equity Investment Instruments - - - 1.28%
 
Insurance - 4.36% - -
 
Life Insurance - - 3.03% -
 
Life Insurance - - - 3.03%
 
Non-life Insurance - - 1.33% -
 
Property & Casualty Insurance - - - 0.96%
 
Full Line Insurance - - - 0.28%
 
Reinsurance - - - 0.09%
 
Industrials 13.69% - - -
 
Industrial Goods & Services - 11.92% - -
 
Industrial Support Services - - 4.05% -
 
Professional Business Support Services - - - 2.67%
 
Business Training & Employment Agencies - - - 0.76%
 
Industrial Suppliers - - - 0.47%
 
Transaction Processing Services - - - 0.14%
 
Security Services - - - 0.02%
 
Aerospace & Defence - - 2.10% -
 
Defense - - - 1.23%
 
Aerospace - - - 0.87%
 
Industrial Transportation - - 1.73% -
 
Commercial Vehicle-Equipment Leasing - - - 0.58%
 
Marine Transportation - - - 0.50%
 
Transportation Services - - - 0.33%
 
Delivery Services - - - 0.31%
 
Industrial Engineering - - 1.57% -
 
Machinery: Industrial - - - 0.89%
 
Machinery: Construction & Handling - - - 0.56%
 
Machinery: Specialty - - - 0.12%
 
General Industrials - - 1.54% -
 
Containers & Packaging - - - 0.81%
 
Diversified Industrials - - - 0.73%
 
Electronic & Electrical Equipment - - 0.92% -
 
Electrical Components - - - 0.53%
 
Electronic Equipment: Control & Filter - - - 0.20%
 
Electronic Equipment: Gauges & Meters - - - 0.19%
 
Construction & Materials - 1.78% - -
 
Construction & Materials - - 1.78% -
 
Construction - - - 0.74%
 
Building, Roofing/Wallboard & Plumbing - - - 0.37%
 
Engineering & Contracting Services - - - 0.37%
 
Building Materials: Other - - - 0.23%
 
Cement - - - 0.07%
 
Consumer Staples 12.73% - - -
 
Personal Care, Drug & Grocery Stores - 6.98% - -
 
Personal Care, Drug & Grocery Stores - - 6.98% -
 
Personal Products - - - 4.42%
 
Nondurable Household Products - - - 1.65%
 
Food Retailers & Wholesalers - - - 0.91%
 
Food, Beverage & Tobacco - 5.74% - -
 
Beverages - - 3.91% -
 
Distillers & Vintners - - - 2.97%
 
Soft Drinks - - - 0.94%
 
Food Producers - - 1.54% -
 
Food Products - - - 1.49%
 
Farming, Fishing, Ranching & Plantations - - - 0.05%
 
Tobacco - - 0.30% -
 
Tobacco - - - 0.30%
 
Consumer Discretionary 11.57% - - -
 
Media - 4.19% - -
 
Media - - 4.19% -
 
Publishing - - - 2.55%
 
Media Agencies - - - 1.22%
 
Radio & TV Broadcasters - - - 0.42%
 
Entertainment - - - 0.00%
 
Consumer Products & Services - 3.01% - -
 
Consumer Services - - 1.46% -
 
Vending & Catering Service - - - 1.44%
 
Consumer Services: Misc. - - - 0.02%
 
Household Goods & Home Construction - - 0.98% -
 
Home Construction - - - 0.97%
 
Household Furnishings - - - 0.01%
 
Leisure Goods - - 0.44% -
 
Toys - - - 0.43%
 
Electronic Entertainment - - - 0.00%
 
Personal Goods - - 0.14% -
 
Clothing & Accessories - - - 0.12%
 
Luxury Items - - - 0.02%
 
Travel & Leisure - 2.65% - -
 
Travel & Leisure - - 2.65% -
 
Hotels & Motels - - - 0.78%
 
Recreational Services - - - 0.57%
 
Casinos & Gambling - - - 0.52%
 
Travel & Tourism - - - 0.32%
 
Restaurants & Bars - - - 0.26%
 
Airlines - - - 0.20%
 
Retail - 1.60% - -
 
Retailers - - 1.60% -
 
Home Improvement Retailers - - - 0.83%
 
Diversified Retailers - - - 0.44%
 
Specialty Retailers - - - 0.19%
 
Apparel Retailers - - - 0.13%
 
Automobiles & Parts - 0.12% - -
 
Automobiles & Parts - - 0.12% -
 
Auto Parts - - - 0.10%
 
Automobiles - - - 0.02%
 
Health Care 11.54% - - -
 
Health Care - 11.54% - -
 
Pharmaceuticals & Biotechnology - - 11.20% -
 
Pharmaceuticals - - - 10.46%
 
Biotechnology - - - 0.74%
 
Medical Equipment & Services - - 0.34% -
 
Medical Equipment - - - 0.22%
 
Medical Supplies - - - 0.12%
 
Energy 9.03% - - -
 
Energy - 9.03% - -
 
Non-Renewable Energy - - 8.59% -
 
Integrated Oil & Gas - - - 7.90%
 
Oil: Crude Producers - - - 0.58%
 
Oil Equipment & Services - - - 0.10%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.44% -
 
Alternative Fuels - - - 0.39%
 
Renewable Energy Equipment - - - 0.04%
 
Basic Materials 5.71% - - -
 
Basic Resources - 4.64% - -
 
Industrial Metals & Mining - - 4.47% -
 
General Mining - - - 3.60%
 
Copper - - - 0.55%
 
Metal Fabricating - - - 0.15%
 
Nonferrous Metals - - - 0.10%
 
Iron & Steel - - - 0.07%
 
Precious Metals & Mining - - 0.16% -
 
Gold Mining - - - 0.15%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.00% -
 
Diversified Materials - - - 0.00%
 
Chemicals - 1.08% - -
 
Chemicals - - 1.08% -
 
Chemicals: Diversified - - - 0.67%
 
Specialty Chemicals - - - 0.40%
 
Utilities 3.52% - - -
 
Utilities - 3.52% - -
 
Gas, Water & Multi-utilities - - 2.68% -
 
Multi-Utilities - - - 2.14%
 
Water - - - 0.54%
 
Electricity - - 0.83% -
 
Conventional Electricity - - - 0.83%
 
Waste & Disposal Services - - 0.01% -
 
Waste & Disposal Services - - - 0.01%
 
Technology 3.22% - - -
 
Technology - 3.22% - -
 
Software & Computer Services - - 2.80% -
 
Software - - - 1.47%
 
Consumer Digital Services - - - 1.06%
 
Computer Services - - - 0.28%
 
Technology Hardware & Equipment - - 0.41% -
 
Semiconductors - - - 0.32%
 
Electronic Components - - - 0.08%
 
Production Technology Equipment - - - 0.02%
 
Real Estate 2.70% - - -
 
Real Estate - 2.70% - -
 
Real Estate Investment Trusts - - 2.39% -
 
Industrial REITs - - - 0.90%
 
Diversified REITs - - - 0.52%
 
Office REITs - - - 0.34%
 
Residential REITs - - - 0.24%
 
Retail REITs - - - 0.19%
 
Storage REITs - - - 0.11%
 
Other Specialty REITs - - - 0.06%
 
Health Care REITs - - - 0.03%
 
Real Estate Investment & Services - - 0.30% -
 
Real Estate Services - - - 0.19%
 
Real Estate Holding and Development - - - 0.12%
 
Non-Classified 1.32% - - -
 
Non-Classified - 0.02% - -
 
Non-Classified - - 0.02% -
 
Non-Classified - - - 0.02%
 
Telecommunications 1.19% - - -
 
Telecommunications - 1.19% - -
 
Telecommunications Service Providers - - 1.17% -
 
Telecommunications Services - - - 1.17%
 
Telecommunications Equipment - - 0.02% -
 
Telecommunications Equipment - - - 0.02%
 
Cash and Equivalents 1.09% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  UK 91.89%
  Non-Classified 2.30%
  Property 1.93%
  Developed Europe - Excl UK 1.92%
  Cash and Equivalents 1.09%
  North America 0.68%
  Australia & New Zealand 0.08%
  Middle East & Africa 0.06%
  Developed Asia 0.04%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 97.64%
  Cash 2.32%
  Pound Sterling 0.04%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 91.89% -
 
United Kingdom - 91.95%
 
Non-Classified 2.30% -
 
Property 1.93% -
 
Developed Europe - Excl UK 1.92% -
 
Ireland - 1.47%
 
Switzerland - 0.20%
 
Germany - 0.10%
 
Spain - 0.10%
 
Netherlands - 0.03%
 
Luxembourg - 0.00%
 
France - 0.00%
 
Sweden - 0.00%
 
Cash and Equivalents 1.09% -
 
North America 0.68% -
 
United States - 0.45%
 
Canada - 0.23%
 
Australia & New Zealand 0.08% -
 
Australia - 0.08%
 
Middle East & Africa 0.06% -
 
Israel - 0.06%
 
Developed Asia 0.04% -
 
Singapore - 0.03%
 
Hong Kong - 0.01%

Breakdown By Market Cap (%)

Mega
 
 
45.09%
Large
 
 
15.62%
Medium
 
 
16.41%
Small
 
 
10.51%
Micro
 
 
2.64%
Non-Classified
 
 
8.64%
Cash
 
 
1.09%

Fund Holdings

Name % Weight Sector Country
1 M&G (ACS) BlackRock UK All Share Equity PA 48.22% Managed Funds Managed Funds
2 M&G PP UK Equity Growth 19.80% Managed Funds Managed Funds
3 M&G PP UK Equity Dividend 13.92% Managed Funds Managed Funds
4 M&G PP Recovery Fund 13.88% Managed Funds Managed Funds
5 M&G PP UK Smaller Companies Fund 4.10% Managed Funds Managed Funds
6 M&G PP UK Equity 350 Passive 0.02% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 6.38% Pharmaceuticals & Biotechnology United Kingdom
2 HSBC HOLDINGS 6.21% Banks United Kingdom
3 UNILEVER 4.42% Personal Care, Drug & Grocery Stores United Kingdom
4 BP 3.96% Non-Renewable Energy United Kingdom
5 SHELL 3.94% Non-Renewable Energy United Kingdom
6 GSK 3.58% Pharmaceuticals & Biotechnology United Kingdom
7 DIAGEO 2.91% Beverages United Kingdom
8 LONDON STOCK EXCHANGE GROUP 1.99% Finance & Credit Services United Kingdom
9 RIO TINTO 1.89% Industrial Metals & Mining United Kingdom
10 RELX 1.86% Media United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 3.15% 0.07% - - - - - - 3.22%
Telecommunications 1.19% - - - - - - - 1.19%
Financials 21.36% 0.08% - - - - 1.27% - 22.70%
Real Estate 0.82% - - - - 1.88% - - 2.70%
Consumer Discretionary 11.20% 0.37% - - - - - - 11.57%
Consumer Staples 12.38% 0.35% - - - - - - 12.73%
Energy 9.02% - - - - - - - 9.03%
Utilities 3.52% - - - - - - - 3.52%
Health Care 11.09% 0.45% - - - - - - 11.54%
Industrials 13.06% 0.63% - - - - - - 13.69%
Basic Materials 4.87% 0.85% - - - - - - 5.71%
Cash and Equivalents - - - - - - - 1.09% 1.09%
Non-Classified 0.20% 0.11% - - - 0.15% 0.86% - 1.32%

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 0702265
Mex Code PUPME
Isin Code GB0007022659
Citi Code PS18

Fund Charges

Annual Management Charge (AMC) 0.75%
Further Costs 0.02%
Yearly Total 0.77%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G UK Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis.
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 -0.57
Beta 1.02
Sharpe 0.00
Standard Deviation 11.90
Info Ratio -0.24

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
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 No
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).

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.

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.

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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.