Prudential Pacific Basin ex-Japan Equity Passive S3

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

Performance

Discrete performance - to latest available quarter end

30/09/15
to
30/09/16
30/09/16
to
30/09/17
30/09/17
to
30/09/18
30/09/18
to
30/09/19
30/09/19
to
30/09/20
Fund 41.1% 14.4% 8.6% 2.7% 0.5%
Benchmark 41.0% 14.4% 8.6% 3.8% 1.1%

Performance - to latest available quarter end

Quarter Annualised
3
2020
3 Years to
30/09/20
5 Years to
30/09/20
10 Years to
30/09/20
Fund 2.7% 3.9% 12.6% 6.8%
Benchmark 2.3% 4.4% 12.9% 7.1%

Top 10 Holdings

Stock % Weight
TAIWAN SEMICONDUCTOR MANUFACTURING 9.95
SAMSUNG ELECTRONICS CO 6.55
AIA GROUP LTD 3.18
CSL 2.56
AUSTRALIA (COMMONWEALTH BANK OF) 2.38
BHP GROUP LTD 1.96
HONG KONG EXCHANGES & CLEARING 1.67
WESTPAC BANKING CORP 1.26
NATIONAL AUSTRALIA BANK LTD 1.16
AUSTRALIA & NEW ZEALAND BKG GRP 1.05
Total 31.71

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP Pacific Basin (ex Japan) Equity Passive Fund - the underlying fund.

Underlying Fund Objective: The fund invests in shares of companies around the Pacific Basin excluding Japan. The fund is passively managed tracking movements in its benchmark, the FTSE World Asia Pacific ex-Japan Index. Tracking this Index is achieved by the fund replicating the holdings of the larger companies in the Index plus holding a carefully modelled stratified sample of the remainder of the companies in the Index.

Performance Objective: To match the performance of the benchmark as closely as possible.

Fund Manager

Richard O'Connor manager of the underlying fund for 15 years and 4 months

Photo of Richard O'Connor Richard O’Connor joined Prudential Group in July 2002 and is an index fund manager with responsibility for some 15 funds. He is also fund manager of the M&G Global Real Estate Securities Fund. He joined the business from Goldman Sachs where he worked as a consultant to the fixed income derivatives department. Prior to this, he was with Standard Corporate & Merchant Bank Asset Management (South Africa) in a research analyst role, which he held for more than three years. Richard graduated with an honours degree in investment management from Rand Afrikaans University and a bachelor of commerce degree from the University of Natal.

Fund Overview

Daily price (23/11/2020) 557.80
Fund size (30/09/2020) £7.73m
Underlying Fund size £78.10m
Number of holdings 427
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 31/03/2004

Asset Allocation

pie chart
  International Equities 96.84%
  Property 2.49%
  Cash and Equivalents 0.46%
  Alternative Trading Strategies 0.01%
  Other Assets 0.19%

Performance comment

Performance as at Q2 2020 - Stockmarkets in Asia ex Japan made impressive gains in the second quarter, driven by optimism that the coronavirus pandemic had peaked and signs that countries were preparing to ease some of their lockdown measures. Investors were also encouraged by some hopeful reports of a vaccine or treatment for the virus. This news, plus continued support from governments and central banks, appeared to outweigh dismal economic news and the suspension or cutting of many equity dividends. The energy and materials sectors led the broader market higher, reversing some of the heavy falls in the first quarter. Healthcare also performed well. In contrast, financials were notable laggards and defensive consumer staples stocks also trailed amid the more optimistic environment. Australia was amongst the best performers, benefiting from the uptick in commodity prices. Conversely, China’s passing of a new security law for Hong Kong caused the Hong Kong stockmarket to lag the rest of the region.

Source: M&G

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 96.84%
  Property 2.49%
  Cash and Equivalents 0.46%
  Alternative Trading Strategies 0.01%
  Other Assets 0.19%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 27.53% - - -
 
Technology - 27.53% - -
 
Technology Hardware & Equipment - - 25.29% -
 
Semiconductors - - - 12.83%
 
Computer Hardware - - - 9.19%
 
Electronic Components - - - 3.13%
 
Production Technology Equipment - - - 0.14%
 
Software & Computer Services - - 2.24% -
 
Consumer Digital Services - - - 1.41%
 
Computer Services - - - 0.60%
 
Software - - - 0.22%
 
Financials 22.36% - - -
 
Banks - 12.96% - -
 
Banks - - 12.96% -
 
Banks - - - 12.96%
 
Insurance - 5.13% - -
 
Life Insurance - - 4.44% -
 
Life Insurance - - - 4.44%
 
Non-life Insurance - - 0.69% -
 
Property & Casualty Insurance - - - 0.69%
 
Financial Services - 4.27% - -
 
Investment Banking & Brokerage Services - - 4.20% -
 
Investment Services - - - 2.78%
 
Diversified Financial Services - - - 1.08%
 
Asset Managers & Custodians - - - 0.33%
 
Finance & Credit Services - - 0.07% -
 
Mortgage Finance - - - 0.07%
 
Consumer Discretionary 8.70% - - -
 
Travel & Leisure - 2.46% - -
 
Travel & Leisure - - 2.46% -
 
Casinos & Gambling - - - 1.78%
 
Airlines - - - 0.29%
 
Restaurants & Bars - - - 0.18%
 
Travel & Tourism - - - 0.13%
 
Hotels & Motels - - - 0.08%
 
Consumer Products & Services - 2.33% - -
 
Leisure Goods - - 1.10% -
 
Electronic Entertainment - - - 0.41%
 
Consumer Electronics - - - 0.35%
 
Photography - - - 0.33%
 
Household Goods & Home Construction - - 0.70% -
 
Household Equipment & Products - - - 0.61%
 
Household Furnishings - - - 0.09%
 
Personal Goods - - 0.54% -
 
Footwear - - - 0.22%
 
Cosmetics - - - 0.19%
 
Clothing & Accessories - - - 0.13%
 
Retail - 2.00% - -
 
Retailers - - 2.00% -
 
Diversified Retailers - - - 1.59%
 
Specialty Retailers - - - 0.29%
 
Home Improvement Retailers - - - 0.12%
 
Automobiles & Parts - 1.80% - -
 
Automobiles & Parts - - 1.80% -
 
Automobiles - - - 1.02%
 
Auto Parts - - - 0.56%
 
Tires - - - 0.22%
 
Media - 0.11% - -
 
Media - - 0.11% -
 
Publishing - - - 0.05%
 
Radio & TV Broadcasters - - - 0.03%
 
Media Agencies - - - 0.02%
 
Industrials 8.55% - - -
 
Industrial Goods & Services - 6.51% - -
 
General Industrials - - 2.58% -
 
Diversified Industrials - - - 1.23%
 
Containers & Packaging - - - 0.80%
 
Plastics - - - 0.36%
 
Glass - - - 0.16%
 
Paints & Coatings - - - 0.02%
 
Industrial Transportation - - 2.54% -
 
Transportation Services - - - 1.56%
 
Railroads - - - 0.42%
 
Marine Transportation - - - 0.39%
 
Commercial Vehicles & Parts - - - 0.17%
 
Industrial Support Services - - 0.68% -
 
Transaction Processing Services - - - 0.42%
 
Business Training & Employment Agencies - - - 0.13%
 
Industrial Suppliers - - - 0.07%
 
Professional Business Support Services - - - 0.07%
 
Electronic & Electrical Equipment - - 0.48% -
 
Electrical Components - - - 0.23%
 
Electronic Equipment: Other - - - 0.13%
 
Electronic Equipment: Control & Filter - - - 0.07%
 
Electronic Equipment: Gauges & Meters - - - 0.04%
 
Aerospace & Defence - - 0.16% -
 
Aerospace - - - 0.16%
 
Industrial Engineering - - 0.07% -
 
Machinery: Industrial - - - 0.07%
 
Construction & Materials - 2.04% - -
 
Construction & Materials - - 2.04% -
 
Building Materials: Other - - - 0.83%
 
Construction - - - 0.65%
 
Cement - - - 0.40%
 
Engineering & Contracting Services - - - 0.16%
 
Basic Materials 7.91% - - -
 
Basic Resources - 5.72% - -
 
Industrial Metals & Mining - - 4.66% -
 
General Mining - - - 3.17%
 
Iron & Steel - - - 1.38%
 
Aluminum - - - 0.11%
 
Precious Metals & Mining - - 0.92% -
 
Gold Mining - - - 0.82%
 
Platinum & Precious Metals - - - 0.10%
 
Industrial Materials - - 0.14% -
 
Textile Products - - - 0.14%
 
Chemicals - 2.18% - -
 
Chemicals - - 2.18% -
 
Chemicals: Diversified - - - 1.03%
 
Specialty Chemicals - - - 0.85%
 
Fertilizers - - - 0.30%
 
Health Care 6.06% - - -
 
Health Care - 6.06% - -
 
Pharmaceuticals & Biotechnology - - 3.92% -
 
Pharmaceuticals - - - 2.88%
 
Biotechnology - - - 1.03%
 
Medical Equipment & Services - - 1.21% -
 
Medical Supplies - - - 0.62%
 
Medical Equipment - - - 0.59%
 
Health Care Providers - - 0.94% -
 
Health Care Facilities - - - 0.65%
 
Health Care Services - - - 0.29%
 
Real Estate 5.63% - - -
 
Real Estate - 5.63% - -
 
Real Estate Investment Trusts - - 2.89% -
 
Retail REITs - - - 1.38%
 
Diversified REITs - - - 0.66%
 
Office REITs - - - 0.40%
 
Residential REITs - - - 0.34%
 
Industrial REITs - - - 0.11%
 
Real Estate Investment & Services - - 2.74% -
 
Real Estate Holding and Development - - - 2.67%
 
Real Estate Services - - - 0.07%
 
Consumer Staples 4.96% - - -
 
Food, Beverage & Tobacco - 2.75% - -
 
Food Producers - - 1.93% -
 
Food Products - - - 1.21%
 
Farming, Fishing, Ranching & Plantations - - - 0.49%
 
Fruit & Grain Processing - - - 0.23%
 
Beverages - - 0.56% -
 
Soft Drinks - - - 0.23%
 
Brewers - - - 0.17%
 
Distillers & Vintners - - - 0.16%
 
Tobacco - - 0.25% -
 
Tobacco - - - 0.25%
 
Personal Care, Drug & Grocery Stores - 2.21% - -
 
Personal Care, Drug & Grocery Stores - - 2.21% -
 
Food Retailers & Wholesalers - - - 1.90%
 
Personal Products - - - 0.31%
 
Utilities 2.57% - - -
 
Utilities - 2.57% - -
 
Electricity - - 1.66% -
 
Conventional Electricity - - - 1.13%
 
Alternative Electricity - - - 0.53%
 
Gas, Water & Multi-utilities - - 0.82% -
 
Gas Distribution - - - 0.49%
 
Multi-Utilities - - - 0.34%
 
Waste & Disposal Services - - 0.08% -
 
Waste & Disposal Services - - - 0.08%
 
Telecommunications 2.43% - - -
 
Telecommunications - 2.43% - -
 
Telecommunications Service Providers - - 2.20% -
 
Telecommunications Services - - - 2.20%
 
Telecommunications Equipment - - 0.23% -
 
Telecommunications Equipment - - - 0.23%
 
Energy 2.24% - - -
 
Energy - 2.24% - -
 
Non-Renewable Energy - - 2.24% -
 
Oil: Crude Producers - - - 0.74%
 
Oil Refining and Marketing - - - 0.56%
 
Integrated Oil & Gas - - - 0.45%
 
Pipelines - - - 0.26%
 
Oil Equipment & Services - - - 0.16%
 
Coal - - - 0.07%
 
Non-Classified 0.58% - - -
 
Non-Classified - 0.19% - -
 
Non-Classified - - 0.19% -
 
Non-Classified - - - 0.19%
 
Cash and Equivalents 0.46% - - -
 
Alternative Trading Strategies 0.01% - - -
 
Alternative Trading Strategies - 0.01% - -
 
Alternative Trading Strategies - - 0.01% -
 
Alternative Trading Strategies - - - 0.01%

Regional Allocation

pie chart
  Emerging Asia 51.54%
  Australia & New Zealand 27.91%
  Developed Asia 16.88%
  Property 2.49%
  Cash and Equivalents 0.46%
  Developed Europe - Excl UK 0.40%
  Other Regions 0.32%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 99.86%
  Cash 0.13%
  Won 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
Emerging Asia 51.54% -
 
Taiwan - 23.17%
 
South Korea - 21.40%
 
Thailand - 3.46%
 
Malaysia - 3.42%
 
Papua New Guinea - 0.09%
 
Australia & New Zealand 27.91% -
 
Australia - 26.25%
 
New Zealand - 1.66%
 
Developed Asia 16.88% -
 
Hong Kong - 12.69%
 
Singapore - 4.19%
 
Property 2.49% -
 
Cash and Equivalents 0.46% -
 
Developed Europe - Excl UK 0.40% -
 
Ireland - 0.27%
 
Italy - 0.07%
 
Luxembourg - 0.05%
 
Non-Classified 0.19% -
 
North America 0.12% -
 
United States - 0.12%

Breakdown By Market Cap (%)

Mega
 
 
45.78%
Large
 
 
30.52%
Medium
 
 
17.52%
Small
 
 
1.60%
Non-Classified
 
 
4.12%
Cash
 
 
0.46%

Top 10 Holdings

Stock % Weight Sector Country
1 TAIWAN SEMICONDUCTOR MANUFACTURING 9.95% Technology Hardware & Equipment Taiwan
2 SAMSUNG ELECTRONICS CO 6.55% Technology Hardware & Equipment South Korea
3 AIA GROUP LTD 3.18% Life Insurance Hong Kong
4 CSL 2.56% Pharmaceuticals & Biotechnology Australia
5 AUSTRALIA (COMMONWEALTH BANK OF) 2.38% Banks Australia
6 BHP GROUP LTD 1.96% Industrial Metals & Mining Australia
7 HONG KONG EXCHANGES & CLEARING 1.67% Investment Banking & Brokerage Services Hong Kong
8 WESTPAC BANKING CORP 1.26% Banks Australia
9 NATIONAL AUSTRALIA BANK LTD 1.16% Banks Australia
10 AUSTRALIA & NEW ZEALAND BKG GRP 1.05% Banks Australia

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 27.53% - - - - - - 27.53%
Telecommunications - 2.43% - - - - - - 2.43%
Financials - 22.36% - - - - - - 22.36%
Real Estate - 3.13% - - - 2.49% - - 5.63%
Consumer Discretionary - 8.70% - - - - - - 8.70%
Consumer Staples - 4.96% - - - - - - 4.96%
Energy - 2.24% - - - - - - 2.24%
Utilities - 2.57% - - - - - - 2.57%
Health Care - 6.06% - - - - - - 6.06%
Industrials - 8.55% - - - - - - 8.55%
Basic Materials - 7.91% - - - - - - 7.91%
Cash and Equivalents - - - - - - - 0.46% 0.46%
Non-Classified - 0.39% - - - - 0.20% - 0.59%

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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.

Identification Codes

Sedol Code 3424823
Mex Code PURICK
Isin Code GB0034248236
Citi Code P562

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 Pacific Basin (ex Japan) Equity Passive Fund - the underlying fund. Underlying Fund Objective: The fund invests in shares of companies around the Pacific Basin excluding Japan. The fund is passively managed tracking movements in its benchmark, the FTSE World Asia Pacific ex-Japan Index. Tracking this Index is achieved by the fund replicating the holdings of the larger companies in the Index plus holding a carefully modelled stratified sample of the remainder of the companies in the Index. Performance Objective: To match the performance of the benchmark as closely as possible.
Benchmark FTSE World Asia Pacific ex-Japan Index
Sector ABI Asia Pacific excluding Japan 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).

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

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.

You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.

  • 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 trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information 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.