Prudential HSBC Islamic Global Equity Index 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 34.9% 13.7% 17.0% 11.5% 24.7%
Benchmark 34.7% 14.0% 18.9% 12.7% 24.3%

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 8.2% 17.6% 20.1% 15.2%
Benchmark 7.1% 18.5% 20.6% n/a

Top 10 Holdings

Stock % Weight
MICROSOFT CORP 7.16
APPLE INC 7.10
FACEBOOK INC 3.92
ALPHABET INC 2.74
ALPHABET INC 2.69
JOHNSON & JOHNSON 2.44
PROCTER & GAMBLE CO 2.15
VISA INC 2.10
NVIDIA CORP 2.08
TESLA INC 1.99
Total 34.37

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the HSBC Islamic Global Equity Index Fund - the underlying fund.

Underlying Fund Objective: The fund aims to create long term appreciation of capital through investment in a diversified portfolio of securities as defined by a relevant world index, which meets Islamic investment principles as interpreted and laid down by fund manager's Shariah Committee and provided to the fund manager's Board of Directors. For further details on the Shariah principles, please refer to the section “Investment Policy of the Sub-funds” found in the underlying fund's prospectus.

Fund Manager

HSBC Index and Systematic Equity Portfolio Management Team manager of the underlying fund for 4 years and 2 months

Photo of HSBC Index and Systematic Equity Portfolio Management Team N/A

Fund Overview

Daily price (26/11/2020) 625.25
Fund size (30/09/2020) £9.36m
Underlying Fund size £1574.47m
Number of holdings 138
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 18/04/2005

Asset Allocation

pie chart
  International Equities 96.87%
  UK Equities 2.62%
  Cash and Equivalents 0.83%
  Other Assets -0.31%

Performance comment

Performance as at Q2 2020 - The US has been one of the countries worst affected by the coronavirus as the number of cases and deaths in the nation rose sharply, particularly in New York. The US government has already announced a US$2.2 trillion stimulus package (at 10% of GDP, the largest in its history) and is now contemplating further measures, including potential infrastructure spending of US$1 trillion. Treasury Secretary Steven Mnuchin had previously warned that the US unemployment rate could approach 20% without government intervention. The best-performing sectors over the quarter included consumer discretionary, information technology, and energy. In contrast, utilities, consumer staples, and financials lagged. Higher beta sectors outperformed given hopes of a US and global economic recovery as economies started reopening. Consumer discretionary and information technology performed well given the exposure of the likes of Amazon and Apple to trends amplified by the pandemic, such as the growth of online retail and home entertainment. Energy was helped by a rebound in the West Texas Intermediate oil price following its plunge into negative territory earlier this year. Utilities and consumer staples underperformed given their defensive attributes, while financials face a tough environment of deteriorating credit quality and low interest rates. European stocks advanced, helped by an increasingly dovish stance from the European Central Bank (ECB). Although it kept short-term interest rates at 0%, it recently expanded its pandemic emergency purchase programme by €600 billion to €1.35 trillion, and extended it to at least June 2021; it also said that both the size and composition of this could change again in future. Moreover, it is continuing to reinvest the proceeds from its maturing bonds. The ECB has also announced a third round of targeted longer-term refinancing operations which, by supplying funding to the banking sector, will aid credit creation. The best performing sectors included information technology, materials and industrials. In contrast, energy, consumer staples and real estate lagged.

UK equities advanced over the second quarter with the best-performing sectors over the quarter included materials, industrials, and information technology. In contrast, energy, financials and utilities lagged. Higher-beta sectors outperformed given hopes of a UK and global economic recovery as economies started reopening. UK exporters have also been boosted by a weaker sterling, despite lingering concerns about a hard Brexit. Financials face a tough environment of deteriorating credit quality and low interest rates, while utilities underperformed given their defensive attributes. Energy company Royal Dutch Shell slashed its quarterly dividend by two-thirds, its first cut since the Second World War, as the pandemic caused a collapse in oil prices and much lower demand for fuels and chemicals. The UK’s largest shopping centre owner Intuit went into administration. With the pandemic causing global air travel to grind to a halt, British Airways announced that it is cutting 30% of its 42,000-strong workforce. Other airlines have also made substantial job cuts.

Japanese equities had a strong second quarter. The yen was stable against the US dollar over the quarter, as the adverse economic impact of the coronavirus on the Japanese economy was counter balanced by the currency’s ‘safe-haven’ appeal in the face of rising global risks. At its recent policy meetings, the Bank of Japan (BoJ) has taken various monetary policy actions to support the economy, citing the ongoing impact of the coronavirus pandemic (which has severely added to the economic headwinds caused by the US-China trade war).

Source: HSBC Global Asset Management (UK) Limited

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Dow Jones Islamic Titans 100 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Prudential. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); The Dow Jones Islamic Titans 100 Index is a trademark of SPDJI; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Prudential. Prudential's fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the The Dow Jones Islamic Titans 100 Index.

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 96.87%
  UK Equities 2.62%
  Cash and Equivalents 0.83%
  Other Assets -0.31%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 41.20% - - -
 
Technology - 41.20% - -
 
Software & Computer Services - - 24.78% -
 
Consumer Digital Services - - - 12.21%
 
Software - - - 11.59%
 
Computer Services - - - 0.98%
 
Technology Hardware & Equipment - - 16.41% -
 
Semiconductors - - - 7.33%
 
Computer Hardware - - - 7.10%
 
Production Technology Equipment - - - 1.25%
 
Electronic Components - - - 0.73%
 
Health Care 19.73% - - -
 
Health Care - 19.73% - -
 
Pharmaceuticals & Biotechnology - - 15.16% -
 
Pharmaceuticals - - - 13.96%
 
Biotechnology - - - 1.20%
 
Medical Equipment & Services - - 4.57% -
 
Medical Equipment - - - 3.57%
 
Medical Supplies - - - 0.99%
 
Consumer Discretionary 12.36% - - -
 
Retail - 6.15% - -
 
Retailers - - 6.15% -
 
Diversified Retailers - - - 2.89%
 
Home Improvement Retailers - - - 2.64%
 
Apparel Retailers - - - 0.61%
 
Consumer Products & Services - 2.32% - -
 
Personal Goods - - 1.79% -
 
Footwear - - - 1.33%
 
Cosmetics - - - 0.46%
 
Leisure Goods - - 0.53% -
 
Electronic Entertainment - - - 0.53%
 
Automobiles & Parts - 1.99% - -
 
Automobiles & Parts - - 1.99% -
 
Automobiles - - - 1.99%
 
Travel & Leisure - 1.64% - -
 
Travel & Leisure - - 1.64% -
 
Restaurants & Bars - - - 1.64%
 
Media - 0.26% - -
 
Media - - 0.26% -
 
Publishing - - - 0.26%
 
Industrials 10.93% - - -
 
Industrial Goods & Services - 10.50% - -
 
Industrial Support Services - - 5.71% -
 
Transaction Processing Services - - - 4.29%
 
Professional Business Support Services - - - 0.89%
 
Business Training & Employment Agencies - - - 0.53%
 
Industrial Transportation - - 1.57% -
 
Railroads - - - 0.83%
 
Delivery Services - - - 0.73%
 
Electronic & Electrical Equipment - - 1.37% -
 
Electrical Components - - - 0.68%
 
Electronic Equipment: Gauges & Meters - - - 0.68%
 
General Industrials - - 1.29% -
 
Diversified Industrials - - - 1.29%
 
Industrial Engineering - - 0.56% -
 
Machinery: Industrial - - - 0.56%
 
Construction & Materials - 0.42% - -
 
Construction & Materials - - 0.42% -
 
Building: Climate Control - - - 0.42%
 
Consumer Staples 8.12% - - -
 
Food, Beverage & Tobacco - 4.30% - -
 
Beverages - - 2.38% -
 
Soft Drinks - - - 2.38%
 
Food Producers - - 1.92% -
 
Food Products - - - 1.92%
 
Personal Care, Drug & Grocery Stores - 3.81% - -
 
Personal Care, Drug & Grocery Stores - - 3.81% -
 
Personal Products - - - 3.39%
 
Nondurable Household Products - - - 0.43%
 
Basic Materials 2.87% - - -
 
Chemicals - 1.63% - -
 
Chemicals - - 1.63% -
 
Chemicals: Diversified - - - 1.18%
 
Specialty Chemicals - - - 0.44%
 
Basic Resources - 1.25% - -
 
Industrial Metals & Mining - - 1.25% -
 
General Mining - - - 1.25%
 
Energy 1.74% - - -
 
Energy - 1.74% - -
 
Non-Renewable Energy - - 1.74% -
 
Integrated Oil & Gas - - - 1.74%
 
Telecommunications 1.35% - - -
 
Telecommunications - 1.35% - -
 
Telecommunications Equipment - - 1.04% -
 
Telecommunications Equipment - - - 1.04%
 
Telecommunications Service Providers - - 0.31% -
 
Telecommunications Services - - - 0.31%
 
Cash and Equivalents 0.83% - - -
 
Real Estate 0.67% - - -
 
Real Estate - 0.67% - -
 
Real Estate Investment Trusts - - 0.67% -
 
Infrastructure REITs - - - 0.67%
 
Financials 0.54% - - -
 
Financial Services - 0.54% - -
 
Finance & Credit Services - - 0.54% -
 
Financial Data & Systems - - - 0.54%
 
Non-Classified -0.31% - - -

Regional Allocation

pie chart
  North America 70.68%
  Developed Europe - Excl UK 14.04%
  Japan 5.86%
  UK 2.62%
  Developed Asia 2.35%
  Emerging Asia 2.33%
  Other Regions 2.13%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.68%
  Euro 0.89%
  Cash 0.43%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 70.68% -
 
United States - 70.68%
 
Developed Europe - Excl UK 14.04% -
 
Switzerland - 4.66%
 
Ireland - 2.54%
 
France - 2.52%
 
Netherlands - 2.27%
 
Germany - 1.36%
 
Denmark - 0.68%
 
Japan 5.86% -
 
Japan - 5.86%
 
UK 2.62% -
 
United Kingdom - 2.62%
 
Developed Asia 2.35% -
 
Hong Kong - 2.35%
 
Emerging Asia 2.33% -
 
Taiwan - 1.33%
 
South Korea - 0.59%
 
India - 0.40%
 
Australia & New Zealand 1.62% -
 
Australia - 1.62%
 
Cash and Equivalents 0.83% -
 
Non-Classified -0.31% -

Breakdown By Market Cap (%)

Mega
 
 
95.29%
Large
 
 
0.33%
Non-Classified
 
 
3.55%
Cash
 
 
0.83%

Top 10 Holdings

Stock % Weight Sector Country
1 MICROSOFT CORP 7.16% Software & Computer Services United States
2 APPLE INC 7.10% Technology Hardware & Equipment United States
3 FACEBOOK INC 3.92% Software & Computer Services United States
4 ALPHABET INC 2.74% Software & Computer Services United States
5 ALPHABET INC 2.69% Software & Computer Services United States
6 JOHNSON & JOHNSON 2.44% Pharmaceuticals & Biotechnology United States
7 PROCTER & GAMBLE CO 2.15% Personal Care, Drug & Grocery Stores United States
8 VISA INC 2.10% Industrial Support Services United States
9 NVIDIA CORP 2.08% Technology Hardware & Equipment United States
10 TESLA INC 1.99% Automobiles & Parts United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 41.20% - - - - - - 41.20%
Telecommunications - 1.35% - - - - - - 1.35%
Financials - 0.54% - - - - - - 0.54%
Real Estate - 0.67% - - - - - - 0.67%
Consumer Discretionary 0.26% 12.09% - - - - - - 12.36%
Consumer Staples 0.85% 7.26% - - - - - - 8.12%
Energy - 1.74% - - - - - - 1.74%
Health Care 0.85% 18.88% - - - - - - 19.73%
Industrials - 10.93% - - - - - - 10.93%
Basic Materials 0.65% 2.22% - - - - - - 2.87%
Cash and Equivalents - - - - - - - 0.83% 0.83%
Non-Classified - - - - - - -0.31% - -0.31%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Dow Jones Islamic Titans 100 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Prudential. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); The Dow Jones Islamic Titans 100 Index is a trademark of SPDJI; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Prudential. Prudential's fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the The Dow Jones Islamic Titans 100 Index.

Identification Codes

Sedol Code B06GS52
Mex Code PUEDY
Isin Code GB00B06GS525
Citi Code UO44

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 HSBC Islamic Global Equity Index Fund - the underlying fund. Underlying Fund Objective: The fund aims to create long term appreciation of capital through investment in a diversified portfolio of securities as defined by a relevant world index, which meets Islamic investment principles as interpreted and laid down by fund manager's Shariah Committee and provided to the fund manager's Board of Directors. For further details on the Shariah principles, please refer to the section “Investment Policy of the Sub-funds” found in the underlying fund's prospectus.
Benchmark Dow Jones Islamic Titans 100 Index
ABI Sector Global 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).

The Dow Jones Islamic Titans 100 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Prudential. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); The Dow Jones Islamic Titans 100 Index is a trademark of SPDJI; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Prudential. Prudential's fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the The Dow Jones Islamic Titans 100 Index.

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

Medium to Higher Risk

These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.

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).

The Dow Jones Islamic Titans 100 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Prudential. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); The Dow Jones Islamic Titans 100 Index is a trademark of SPDJI; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Prudential. Prudential's fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the The Dow Jones Islamic Titans 100 Index.

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.