Prudential Long Term Growth 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 23.0% 14.5% 8.2% 4.7% -6.4%
Benchmark 24.1% 14.6% 7.5% 4.4% -5.8%

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 0.1% 2.0% 8.4% 7.5%
Benchmark 0.3% 1.9% 8.5% 7.5%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 2.02
TAIWAN SEMICONDUCTOR MANUFACTURING 1.82
SAMSUNG ELECTRONICS CO 1.52
HSBC HLDGS 1.32
GLAXOSMITHKLINE 1.27
DIAGEO 1.16
BRITISH AMERICAN TOBACCO 1.12
UNILEVER 0.97
APPLE INC 0.96
RIO TINTO 0.95
Total 13.11

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP Long Term Growth Fund - the underlying fund.

Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of companies around the world against a benchmark of 40% UK equities and 60% overseas (in fixed proportions). It is a “fund of funds” and both the proportions invested in each region and investments in each region are passively managed except for emerging markets which are actively managed. The split between the UK and overseas regions may be reviewed from time to time.

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

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 19 years and 11 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

Daily price (27/11/2020) 378.50
Fund size (30/09/2020) £26.26m
Underlying Fund size £30.81m
Number of holdings 2263
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 30/04/2002

Asset Allocation

pie chart
  International Equities 60.95%
  UK Equities 31.47%
  Cash and Equivalents 3.64%
  Investment Trusts 2.26%
  Property 1.36%
  International Bonds 0.11%
  Other Assets 0.21%

Performance comment

Performance as at Q2 2020 - The FTSE World Index rose 19.9% over the second quarter as stockmarkets experienced a remarkable rebound following the steep declines seen during the onset of the coronavirus pandemic. An extraordinary level of central bank stimulus and government support in the world’s major economies came to the aid of many consumers and businesses and was welcomed by investors. The months of April and May saw particularly strong stockmarket returns as the virus appeared to peak in most developed countries and the number of cases started declining, prompting the gradual re-opening of economies.

US equities were the best performers on a regional basis, including its technology-laden Nasdaq index, reflecting a shift towards technology and communication products and services during the pandemic. US share prices enjoyed their most positive quarter for decades, although indications that the easing of lockdown restrictions was leading to a resurgence in infections, together with a downbeat assessment of the economic outlook, caused some weakness later in the period.

Despite a troubling macroeconomic picture, the second quarter witnessed a recovery in UK equities with the FTSE All-Share Index rising by 10.2%. Gains were led by more domestically focused medium-sized and smaller companies. However, the UK lagged the major regional markets, held back by the high level of dividend cuts, a low oil price and the resurfacing of Brexit concerns and currency weakness.

European stockmarkets also rallied in the second quarter as optimism that the coronavirus pandemic was under control in Europe helped share prices rebound from steep falls in March. Germany was the best-performing market, while at the sector level, industrials, information technology and materials outperformed. In contrast, defensive areas such as consumer staples and healthcare lagged. Energy stocks were the weakest, despite higher oil prices, while financials also underperformed

Relative calm also returned to Asian and Japanese stockmarkets following the chaos experienced in March. Emerging market equities too rebounded.

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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 60.95%
  UK Equities 31.47%
  Cash and Equivalents 3.64%
  Investment Trusts 2.26%
  Property 1.36%
  International Bonds 0.11%
  Other Assets 0.21%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 17.53% - - -
 
Banks - 7.24% - -
 
Banks - - 7.24% -
 
Banks - - - 7.24%
 
Financial Services - 6.06% - -
 
Investment Banking & Brokerage Services - - 3.43% -
 
Investment Services - - - 1.46%
 
Asset Managers & Custodians - - - 1.25%
 
Diversified Financial Services - - - 0.73%
 
Equity Investment Instruments - - 2.27% -
 
Equity Investment Instruments - - - 2.27%
 
Finance & Credit Services - - 0.35% -
 
Mortgage Finance - - - 0.22%
 
Financial Data & Systems - - - 0.08%
 
Consumer Lending - - - 0.06%
 
Mortgage Real Estate Investment Trusts - - 0.02% -
 
Mortgage REITs: Diversified - - - 0.01%
 
Mortgage REITs: Residential - - - 0.01%
 
Insurance - 4.23% - -
 
Life Insurance - - 2.32% -
 
Life Insurance - - - 2.32%
 
Non-life Insurance - - 1.90% -
 
Property & Casualty Insurance - - - 0.98%
 
Full Line Insurance - - - 0.48%
 
Reinsurance - - - 0.39%
 
Insurance Brokers - - - 0.05%
 
Industrials 13.13% - - -
 
Industrial Goods & Services - 11.38% - -
 
Industrial Support Services - - 3.53% -
 
Professional Business Support Services - - - 1.31%
 
Transaction Processing Services - - - 0.93%
 
Industrial Suppliers - - - 0.71%
 
Business Training & Employment Agencies - - - 0.30%
 
Security Services - - - 0.26%
 
Forms & Bulk Printing Services - - - 0.02%
 
General Industrials - - 2.23% -
 
Diversified Industrials - - - 1.42%
 
Containers & Packaging - - - 0.53%
 
Plastics - - - 0.15%
 
Paints & Coatings - - - 0.08%
 
Glass - - - 0.04%
 
Industrial Transportation - - 2.09% -
 
Transportation Services - - - 0.53%
 
Railroads - - - 0.48%
 
Delivery Services - - - 0.28%
 
Commercial Vehicle-Equipment Leasing - - - 0.27%
 
Marine Transportation - - - 0.16%
 
Commercial Vehicles & Parts - - - 0.16%
 
Trucking - - - 0.12%
 
Railroad Equipment - - - 0.08%
 
Electronic & Electrical Equipment - - 1.45% -
 
Electronic Equipment: Gauges & Meters - - - 0.54%
 
Electrical Components - - - 0.52%
 
Electronic Equipment: Control & Filter - - - 0.32%
 
Electronic Equipment: Other - - - 0.05%
 
Electronic Equipment: Pollution Control - - - 0.02%
 
Industrial Engineering - - 1.15% -
 
Machinery: Industrial - - - 0.65%
 
Machinery: Construction & Handling - - - 0.30%
 
Machinery: Agricultural - - - 0.08%
 
Machinery: Tools - - - 0.05%
 
Machinery: Engines - - - 0.04%
 
Machinery: Specialty - - - 0.03%
 
Aerospace & Defence - - 0.93% -
 
Aerospace - - - 0.48%
 
Defense - - - 0.45%
 
Construction & Materials - 1.75% - -
 
Construction & Materials - - 1.75% -
 
Cement - - - 0.59%
 
Building Materials: Other - - - 0.44%
 
Construction - - - 0.39%
 
Building: Climate Control - - - 0.15%
 
Engineering & Contracting Services - - - 0.11%
 
Building, Roofing/Wallboard & Plumbing - - - 0.07%
 
Technology 12.93% - - -
 
Technology - 12.93% - -
 
Technology Hardware & Equipment - - 8.02% -
 
Semiconductors - - - 3.23%
 
Computer Hardware - - - 3.08%
 
Electronic Components - - - 1.04%
 
Production Technology Equipment - - - 0.58%
 
Electronic Office Equipment - - - 0.09%
 
Software & Computer Services - - 4.91% -
 
Software - - - 2.25%
 
Consumer Digital Services - - - 2.06%
 
Computer Services - - - 0.60%
 
Consumer Discretionary 11.83% - - -
 
Consumer Products & Services - 3.54% - -
 
Personal Goods - - 1.08% -
 
Clothing & Accessories - - - 0.54%
 
Footwear - - - 0.27%
 
Cosmetics - - - 0.16%
 
Luxury Items - - - 0.11%
 
Household Goods & Home Construction - - 0.99% -
 
Home Construction - - - 0.67%
 
Household Equipment & Products - - - 0.21%
 
Household Appliance - - - 0.07%
 
Household Furnishings - - - 0.04%
 
Leisure Goods - - 0.85% -
 
Electronic Entertainment - - - 0.32%
 
Consumer Electronics - - - 0.30%
 
Toys - - - 0.11%
 
Photography - - - 0.06%
 
Recreational Products - - - 0.05%
 
Recreational Vehicles & Boats - - - 0.01%
 
Consumer Services - - 0.62% -
 
Vending & Catering Service - - - 0.37%
 
Consumer Services: Misc. - - - 0.21%
 
Education Services - - - 0.03%
 
Funeral Parlors & Cemetery - - - 0.01%
 
Retail - 2.91% - -
 
Retailers - - 2.91% -
 
Diversified Retailers - - - 1.65%
 
Home Improvement Retailers - - - 0.50%
 
Apparel Retailers - - - 0.44%
 
Specialty Retailers - - - 0.32%
 
Travel & Leisure - 2.09% - -
 
Travel & Leisure - - 2.09% -
 
Casinos & Gambling - - - 0.87%
 
Restaurants & Bars - - - 0.45%
 
Travel & Tourism - - - 0.30%
 
Airlines - - - 0.21%
 
Hotels & Motels - - - 0.19%
 
Recreational Services - - - 0.06%
 
Automobiles & Parts - 1.74% - -
 
Automobiles & Parts - - 1.74% -
 
Automobiles - - - 1.26%
 
Auto Parts - - - 0.29%
 
Tires - - - 0.18%
 
Auto Services - - - 0.00%
 
Media - 1.56% - -
 
Media - - 1.56% -
 
Publishing - - - 0.80%
 
Media Agencies - - - 0.33%
 
Entertainment - - - 0.25%
 
Radio & TV Broadcasters - - - 0.18%
 
Health Care 10.38% - - -
 
Health Care - 10.38% - -
 
Pharmaceuticals & Biotechnology - - 7.71% -
 
Pharmaceuticals - - - 6.99%
 
Biotechnology - - - 0.71%
 
Medical Equipment & Services - - 1.94% -
 
Medical Equipment - - - 1.29%
 
Medical Supplies - - - 0.61%
 
Medical Services - - - 0.04%
 
Health Care Providers - - 0.73% -
 
Health Care Management Services - - - 0.29%
 
Health Care Services - - - 0.24%
 
Health Care Facilities - - - 0.17%
 
Health Care: Misc. - - - 0.04%
 
Consumer Staples 9.61% - - -
 
Food, Beverage & Tobacco - 5.56% - -
 
Beverages - - 2.06% -
 
Distillers & Vintners - - - 1.33%
 
Soft Drinks - - - 0.41%
 
Brewers - - - 0.32%
 
Food Producers - - 1.93% -
 
Food Products - - - 1.76%
 
Farming, Fishing, Ranching & Plantations - - - 0.11%
 
Fruit & Grain Processing - - - 0.06%
 
Tobacco - - 1.56% -
 
Tobacco - - - 1.56%
 
Personal Care, Drug & Grocery Stores - 4.05% - -
 
Personal Care, Drug & Grocery Stores - - 4.05% -
 
Personal Products - - - 1.66%
 
Food Retailers & Wholesalers - - - 1.41%
 
Nondurable Household Products - - - 0.87%
 
Drug Retailers - - - 0.12%
 
Basic Materials 6.31% - - -
 
Basic Resources - 4.57% - -
 
Industrial Metals & Mining - - 3.69% -
 
General Mining - - - 2.96%
 
Iron & Steel - - - 0.35%
 
Copper - - - 0.21%
 
Metal Fabricating - - - 0.12%
 
Aluminum - - - 0.03%
 
Nonferrous Metals - - - 0.01%
 
Precious Metals & Mining - - 0.49% -
 
Gold Mining - - - 0.43%
 
Platinum & Precious Metals - - - 0.07%
 
Industrial Materials - - 0.39% -
 
Paper - - - 0.30%
 
Diversified Materials - - - 0.03%
 
Forestry - - - 0.03%
 
Textile Products - - - 0.02%
 
Chemicals - 1.73% - -
 
Chemicals - - 1.73% -
 
Chemicals: Diversified - - - 1.10%
 
Specialty Chemicals - - - 0.52%
 
Fertilizers - - - 0.09%
 
Chemicals & Synthetic Fibers - - - 0.03%
 
Energy 4.09% - - -
 
Energy - 4.09% - -
 
Non-Renewable Energy - - 3.97% -
 
Integrated Oil & Gas - - - 3.03%
 
Oil: Crude Producers - - - 0.39%
 
Oil Refining and Marketing - - - 0.21%
 
Pipelines - - - 0.17%
 
Oil Equipment & Services - - - 0.14%
 
Offshore Drilling & Other Services - - - 0.02%
 
Coal - - - 0.01%
 
Renewable Energy - - 0.11% -
 
Renewable Energy Equipment - - - 0.11%
 
Cash and Equivalents 3.64% - - -
 
Utilities 3.32% - - -
 
Utilities - 3.32% - -
 
Gas, Water & Multi-utilities - - 1.65% -
 
Multi-Utilities - - - 1.06%
 
Water - - - 0.43%
 
Gas Distribution - - - 0.16%
 
Electricity - - 1.60% -
 
Conventional Electricity - - - 1.43%
 
Alternative Electricity - - - 0.18%
 
Waste & Disposal Services - - 0.07% -
 
Waste & Disposal Services - - - 0.07%
 
Telecommunications 3.07% - - -
 
Telecommunications - 3.07% - -
 
Telecommunications Service Providers - - 2.64% -
 
Telecommunications Services - - - 2.46%
 
Cable Television Services - - - 0.18%
 
Telecommunications Equipment - - 0.43% -
 
Telecommunications Equipment - - - 0.43%
 
Real Estate 3.05% - - -
 
Real Estate - 3.05% - -
 
Real Estate Investment Trusts - - 1.94% -
 
Diversified REITs - - - 0.43%
 
Retail REITs - - - 0.32%
 
Industrial REITs - - - 0.30%
 
Office REITs - - - 0.24%
 
Residential REITs - - - 0.18%
 
Other Specialty REITs - - - 0.12%
 
Infrastructure REITs - - - 0.11%
 
Storage REITs - - - 0.11%
 
Health Care REITs - - - 0.10%
 
Timber REITs - - - 0.02%
 
Hotel & Lodging REITs - - - 0.01%
 
Real Estate Investment & Services - - 1.11% -
 
Real Estate Holding and Development - - - 1.03%
 
Real Estate Services - - - 0.08%
 
Non-Classified 0.94% - - -
 
Non-Classified - 0.05% - -
 
Non-Classified - - 0.05% -
 
Non-Classified - - - 0.05%
 
Bonds 0.11% - - -
 
Alternative Trading Strategies 0.08% - - -
 
Alternative Trading Strategies - 0.08% - -
 
Alternative Trading Strategies - - 0.08% -
 
Alternative Trading Strategies - - - 0.08%

Regional Allocation

pie chart
  UK 31.51%
  Developed Europe - Excl UK 17.10%
  North America 16.29%
  Emerging Asia 10.54%
  Japan 7.19%
  Australia & New Zealand 4.57%
  Other Regions 12.80%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 96.25%
  Cash 3.64%
  Swedish Krona 0.04%
  Pound Sterling 0.03%
  Swiss Franc 0.02%
  US Dollar 0.01%
  Norwegian Krone 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 31.51% -
 
United Kingdom - 31.51%
 
Developed Europe - Excl UK 17.10% -
 
Switzerland - 3.26%
 
France - 2.97%
 
Germany - 2.85%
 
Netherlands - 1.96%
 
Ireland - 1.51%
 
Sweden - 1.09%
 
Denmark - 0.79%
 
Spain - 0.78%
 
Italy - 0.59%
 
Finland - 0.46%
 
Belgium - 0.36%
 
Norway - 0.19%
 
Luxembourg - 0.19%
 
Portugal - 0.06%
 
Austria - 0.05%
 
North America 16.29% -
 
United States - 15.53%
 
Canada - 0.76%
 
Emerging Asia 10.54% -
 
South Korea - 4.38%
 
Taiwan - 4.16%
 
Thailand - 0.57%
 
Malaysia - 0.56%
 
China - 0.42%
 
India - 0.14%
 
Indonesia - 0.13%
 
Philippines - 0.12%
 
Pakistan - 0.06%
 
Papua New Guinea - 0.02%
 
Japan 7.19% -
 
Japan - 7.19%
 
Australia & New Zealand 4.57% -
 
Australia - 4.29%
 
New Zealand - 0.27%
 
Cash and Equivalents 3.72% -
 
Developed Asia 3.44% -
 
Hong Kong - 2.74%
 
Singapore - 0.70%
 
Non-Classified 2.78% -
 
Property 1.36% -
 
South & Central America 0.62% -
 
Mexico - 0.35%
 
Brazil - 0.26%
 
Emerging Europe 0.60% -
 
Russian Federation - 0.31%
 
Turkey - 0.13%
 
Poland - 0.07%
 
Hungary - 0.04%
 
Czech Republic - 0.03%
 
Greece - 0.02%
 
Middle East & Africa 0.29% -
 
South Africa - 0.25%
 
Israel - 0.04%

Breakdown By Market Cap (%)

Mega
 
 
52.43%
Large
 
 
23.84%
Medium
 
 
12.71%
Small
 
 
2.97%
Micro
 
 
0.39%
Non-Classified
 
 
3.91%
Bonds
 
 
0.11%
Cash
 
 
3.64%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 2.02% Pharmaceuticals & Biotechnology United Kingdom
2 TAIWAN SEMICONDUCTOR MANUFACTURING 1.82% Technology Hardware & Equipment Taiwan
3 SAMSUNG ELECTRONICS CO 1.52% Technology Hardware & Equipment South Korea
4 HSBC HLDGS 1.32% Banks United Kingdom
5 GLAXOSMITHKLINE 1.27% Pharmaceuticals & Biotechnology United Kingdom
6 DIAGEO 1.16% Beverages United Kingdom
7 BRITISH AMERICAN TOBACCO 1.12% Tobacco United Kingdom
8 UNILEVER 0.97% Personal Care, Drug & Grocery Stores United Kingdom
9 APPLE INC 0.96% Technology Hardware & Equipment United States
10 RIO TINTO 0.95% Industrial Metals & Mining United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 0.67% 12.26% - - - - - - 12.93%
Telecommunications 0.83% 2.24% - - - - - - 3.07%
Financials 5.65% 9.61% - 0.06% - 0.01% 2.26% - 17.58%
Real Estate 0.41% 1.30% - - - 1.34% - - 3.05%
Consumer Discretionary 3.62% 8.21% - 0.01% - - - - 11.84%
Consumer Staples 5.43% 4.17% - 0.01% - - - - 9.62%
Energy 2.39% 1.70% - - - - - - 4.09%
Utilities 1.28% 2.04% - - - - - - 3.32%
Health Care 3.88% 6.50% - - - - - - 10.38%
Industrials 3.96% 9.16% - - - - - - 13.13%
Basic Materials 3.30% 3.01% - - - - - - 6.31%
Cash and Equivalents - - - - - - - 3.64% 3.64%
Bonds - - - 0.03% - - - - 0.03%
Non-Classified 0.05% 0.75% - - - 0.01% 0.21% - 1.02%

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Identification Codes

Sedol Code 3168637
Mex Code PULTGR
Isin Code GB0031686370
Citi Code P280

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 Long Term Growth Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of companies around the world against a benchmark of 40% UK equities and 60% overseas (in fixed proportions). It is a “fund of funds” and both the proportions invested in each region and investments in each region are passively managed except for emerging markets which are actively managed. The split between the UK and overseas regions may be reviewed from time to time. Performance Objective: To match the performance of the benchmark as closely as possible.
Benchmark Mix of FTSE and MSCI regional indices
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).

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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.

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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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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.