Prudential Dynamic Growth II 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 19.9% 7.7% 3.0% 8.0% 2.0%
Benchmark 11.2% 1.9% 3.2% 8.3% 0.0%

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 1.3% 4.3% 7.9% n/a
Benchmark 0.7% 3.8% 4.8% n/a

Top 10 Holdings

Stock % Weight
1½% Treasury Gilt 2026 1.45
5% Treasury Stock 2025 0.77
ASTRAZENECA 0.77
SAMSUNG ELECTRONICS CO 0.61
4 1/2 Treasury 2034 0.51
HSBC HLDGS 0.50
GLAXOSMITHKLINE 0.48
1¼% Treasury Gilt 2027 0.46
EUROPEAN INVESTMENT BANK 0.45
DIAGEO 0.43
Total 6.42

Fund Aims

The fund aims to deliver long term growth through investing in a diversified range of assets both in the UK and globally. At any time, the fund will invest at least 10% of its assets in equities but not more than 40%. Investments are managed across asset classes and across world markets with a focus on long run investment potential as forecast on a rolling 10 years basis. The fund may invest in a range of permitted assets which include equities, bonds, property and cash accessed directly or indirectly via appropriate fund vehicles. The fund may include other assets as deemed appropriate by both the manager and current regulations.

Fund Manager

M&G manager for 5 years and 9 months

Photo of M&G .

BlackRock manager for 5 years and 9 months

Photo of BlackRock .

M&G Treasury & Investment Office manager for 5 years and 9 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) 145.20
Fund size (31/10/2020) £400.24m
Number of holdings 9006
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 27/02/2015

Asset Allocation

pie chart
  International Bonds 38.40%
  International Equities 21.49%
  UK Corporate Bonds 15.15%
  UK Equities 11.60%
  UK Gilts 4.51%
  Alternative Trading Strategies 1.82%
  Other Assets 7.02%

Performance comment

Performance as at Q2 2020 - The PPDG funds outperformed during the second quarter, although some remain behind peers on a year to date basis. The driver of the out-performance was the exposure to active fixed income, where in this space, around 40% of the out performance was attributable to the active performance of US credit and the remaining 60% was roughly split between the fund mangers exposures to the Long Dated Corporate Bond Fund and Prudential Corporate All Stocks Bond Fund which returned 14% and 8.5% respectively. Tactical asset allocation detracted around 2 basis points from the performance, due to the marginal overweight to cash in an environment where risk assets performed strongly. 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 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 Bonds 38.40%
  International Equities 21.49%
  UK Corporate Bonds 15.15%
  UK Equities 11.60%
  UK Gilts 4.51%
  Alternative Trading Strategies 1.82%
  Other Assets 7.02%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 58.06% - - -
 
Financials 6.14% - - -
 
Banks - 2.45% - -
 
Banks - - 2.45% -
 
Banks - - - 2.45%
 
Financial Services - 2.20% - -
 
Investment Banking & Brokerage Services - - 1.30% -
 
Investment Services - - - 0.59%
 
Asset Managers & Custodians - - - 0.42%
 
Diversified Financial Services - - - 0.29%
 
Equity Investment Instruments - - 0.80% -
 
Equity Investment Instruments - - - 0.80%
 
Finance & Credit Services - - 0.09% -
 
Financial Data & Systems - - - 0.04%
 
Mortgage Finance - - - 0.04%
 
Consumer Lending - - - 0.02%
 
Mortgage Real Estate Investment Trusts - - 0.00% -
 
Mortgage REITs: Residential - - - 0.00%
 
Mortgage REITs: Diversified - - - 0.00%
 
Insurance - 1.49% - -
 
Life Insurance - - 0.83% -
 
Life Insurance - - - 0.83%
 
Non-life Insurance - - 0.66% -
 
Property & Casualty Insurance - - - 0.33%
 
Full Line Insurance - - - 0.17%
 
Reinsurance - - - 0.14%
 
Insurance Brokers - - - 0.02%
 
Non-Classified 4.87% - - -
 
Non-Classified - 5.20% - -
 
Non-Classified - - 5.20% -
 
Non-Classified - - - 5.20%
 
Consumer Discretionary 4.68% - - -
 
Consumer Products & Services - 1.38% - -
 
Personal Goods - - 0.45% -
 
Clothing & Accessories - - - 0.20%
 
Cosmetics - - - 0.11%
 
Footwear - - - 0.09%
 
Luxury Items - - - 0.05%
 
Household Goods & Home Construction - - 0.36% -
 
Home Construction - - - 0.25%
 
Household Equipment & Products - - - 0.09%
 
Household Appliance - - - 0.02%
 
Household Furnishings - - - 0.01%
 
Leisure Goods - - 0.32% -
 
Electronic Entertainment - - - 0.14%
 
Consumer Electronics - - - 0.10%
 
Toys - - - 0.04%
 
Recreational Products - - - 0.02%
 
Recreational Vehicles & Boats - - - 0.01%
 
Photography - - - 0.01%
 
Consumer Services - - 0.25% -
 
Vending & Catering Service - - - 0.14%
 
Consumer Services: Misc. - - - 0.08%
 
Education Services - - - 0.02%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Funeral Parlors & Cemetery - - - 0.00%
 
Retail - 1.26% - -
 
Retailers - - 1.26% -
 
Diversified Retailers - - - 0.81%
 
Home Improvement Retailers - - - 0.18%
 
Apparel Retailers - - - 0.16%
 
Specialty Retailers - - - 0.11%
 
Travel & Leisure - 0.80% - -
 
Travel & Leisure - - 0.80% -
 
Casinos & Gambling - - - 0.36%
 
Restaurants & Bars - - - 0.16%
 
Airlines - - - 0.09%
 
Travel & Tourism - - - 0.08%
 
Hotels & Motels - - - 0.08%
 
Recreational Services - - - 0.02%
 
Automobiles & Parts - 0.66% - -
 
Automobiles & Parts - - 0.66% -
 
Automobiles - - - 0.48%
 
Auto Parts - - - 0.13%
 
Tires - - - 0.05%
 
Auto Services - - - 0.00%
 
Media - 0.58% - -
 
Media - - 0.58% -
 
Publishing - - - 0.29%
 
Media Agencies - - - 0.14%
 
Entertainment - - - 0.09%
 
Radio & TV Broadcasters - - - 0.06%
 
Industrials 4.55% - - -
 
Industrial Goods & Services - 3.92% - -
 
Industrial Support Services - - 1.29% -
 
Professional Business Support Services - - - 0.49%
 
Transaction Processing Services - - - 0.35%
 
Industrial Suppliers - - - 0.26%
 
Security Services - - - 0.10%
 
Business Training & Employment Agencies - - - 0.09%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 0.71% -
 
Diversified Industrials - - - 0.50%
 
Containers & Packaging - - - 0.17%
 
Paints & Coatings - - - 0.03%
 
Glass - - - 0.01%
 
Plastics - - - 0.00%
 
Industrial Transportation - - 0.69% -
 
Transportation Services - - - 0.16%
 
Railroads - - - 0.15%
 
Delivery Services - - - 0.10%
 
Commercial Vehicle-Equipment Leasing - - - 0.10%
 
Marine Transportation - - - 0.06%
 
Commercial Vehicles & Parts - - - 0.05%
 
Trucking - - - 0.05%
 
Railroad Equipment - - - 0.01%
 
Electronic & Electrical Equipment - - 0.47% -
 
Electronic Equipment: Gauges & Meters - - - 0.20%
 
Electrical Components - - - 0.17%
 
Electronic Equipment: Control & Filter - - - 0.08%
 
Electronic Equipment: Other - - - 0.01%
 
Electronic Equipment: Pollution Control - - - 0.01%
 
Industrial Engineering - - 0.42% -
 
Machinery: Industrial - - - 0.24%
 
Machinery: Construction & Handling - - - 0.11%
 
Machinery: Tools - - - 0.03%
 
Machinery: Agricultural - - - 0.03%
 
Machinery: Engines - - - 0.01%
 
Machinery: Specialty - - - 0.01%
 
Aerospace & Defence - - 0.34% -
 
Defense - - - 0.18%
 
Aerospace - - - 0.16%
 
Construction & Materials - 0.63% - -
 
Construction & Materials - - 0.63% -
 
Cement - - - 0.21%
 
Building Materials: Other - - - 0.16%
 
Construction - - - 0.15%
 
Building: Climate Control - - - 0.05%
 
Engineering & Contracting Services - - - 0.04%
 
Building, Roofing/Wallboard & Plumbing - - - 0.02%
 
Technology 4.15% - - -
 
Technology - 4.15% - -
 
Technology Hardware & Equipment - - 2.14% -
 
Computer Hardware - - - 1.13%
 
Semiconductors - - - 0.55%
 
Electronic Components - - - 0.23%
 
Production Technology Equipment - - - 0.20%
 
Electronic Office Equipment - - - 0.03%
 
Software & Computer Services - - 2.01% -
 
Consumer Digital Services - - - 0.91%
 
Software - - - 0.86%
 
Computer Services - - - 0.24%
 
Health Care 3.92% - - -
 
Health Care - 3.92% - -
 
Pharmaceuticals & Biotechnology - - 2.94% -
 
Pharmaceuticals - - - 2.63%
 
Biotechnology - - - 0.31%
 
Medical Equipment & Services - - 0.70% -
 
Medical Equipment - - - 0.49%
 
Medical Supplies - - - 0.21%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.27% -
 
Health Care Management Services - - - 0.10%
 
Health Care Services - - - 0.10%
 
Health Care Facilities - - - 0.05%
 
Health Care: Misc. - - - 0.01%
 
Consumer Staples 3.57% - - -
 
Food, Beverage & Tobacco - 2.04% - -
 
Beverages - - 0.77% -
 
Distillers & Vintners - - - 0.50%
 
Soft Drinks - - - 0.16%
 
Brewers - - - 0.11%
 
Food Producers - - 0.67% -
 
Food Products - - - 0.63%
 
Fruit & Grain Processing - - - 0.02%
 
Farming, Fishing, Ranching & Plantations - - - 0.02%
 
Sugar - - - 0.00%
 
Tobacco - - 0.59% -
 
Tobacco - - - 0.59%
 
Personal Care, Drug & Grocery Stores - 1.53% - -
 
Personal Care, Drug & Grocery Stores - - 1.53% -
 
Personal Products - - - 0.63%
 
Food Retailers & Wholesalers - - - 0.52%
 
Nondurable Household Products - - - 0.33%
 
Drug Retailers - - - 0.05%
 
Basic Materials 2.38% - - -
 
Basic Resources - 1.73% - -
 
Industrial Metals & Mining - - 1.42% -
 
General Mining - - - 1.14%
 
Iron & Steel - - - 0.16%
 
Copper - - - 0.05%
 
Metal Fabricating - - - 0.04%
 
Nonferrous Metals - - - 0.01%
 
Aluminum - - - 0.01%
 
Precious Metals & Mining - - 0.20% -
 
Gold Mining - - - 0.18%
 
Platinum & Precious Metals - - - 0.02%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.11% -
 
Paper - - - 0.09%
 
Diversified Materials - - - 0.01%
 
Forestry - - - 0.01%
 
Textile Products - - - 0.00%
 
Chemicals - 0.66% - -
 
Chemicals - - 0.66% -
 
Chemicals: Diversified - - - 0.38%
 
Specialty Chemicals - - - 0.25%
 
Fertilizers - - - 0.02%
 
Chemicals & Synthetic Fibers - - - 0.01%
 
Alternative Trading Strategies 1.82% - - -
 
Alternative Trading Strategies - 1.82% - -
 
Alternative Trading Strategies - - 1.82% -
 
Alternative Trading Strategies - - - 1.82%
 
Energy 1.41% - - -
 
Energy - 1.41% - -
 
Non-Renewable Energy - - 1.37% -
 
Integrated Oil & Gas - - - 1.06%
 
Oil Refining and Marketing - - - 0.11%
 
Oil: Crude Producers - - - 0.10%
 
Pipelines - - - 0.05%
 
Oil Equipment & Services - - - 0.03%
 
Coal - - - 0.01%
 
Offshore Drilling & Other Services - - - 0.01%
 
Renewable Energy - - 0.05% -
 
Renewable Energy Equipment - - - 0.05%
 
Utilities 1.19% - - -
 
Utilities - 1.19% - -
 
Gas, Water & Multi-utilities - - 0.62% -
 
Multi-Utilities - - - 0.41%
 
Water - - - 0.14%
 
Gas Distribution - - - 0.07%
 
Electricity - - 0.55% -
 
Conventional Electricity - - - 0.50%
 
Alternative Electricity - - - 0.05%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Real Estate 1.19% - - -
 
Real Estate - 1.19% - -
 
Real Estate Investment Trusts - - 0.75% -
 
Diversified REITs - - - 0.15%
 
Retail REITs - - - 0.13%
 
Industrial REITs - - - 0.11%
 
Office REITs - - - 0.10%
 
Residential REITs - - - 0.09%
 
Other Specialty REITs - - - 0.05%
 
Health Care REITs - - - 0.04%
 
Infrastructure REITs - - - 0.04%
 
Storage REITs - - - 0.03%
 
Timber REITs - - - 0.00%
 
Hotel & Lodging REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.44% -
 
Real Estate Holding and Development - - - 0.40%
 
Real Estate Services - - - 0.04%
 
Telecommunications 1.05% - - -
 
Telecommunications - 1.05% - -
 
Telecommunications Service Providers - - 0.92% -
 
Telecommunications Services - - - 0.85%
 
Cable Television Services - - - 0.07%
 
Telecommunications Equipment - - 0.13% -
 
Telecommunications Equipment - - - 0.13%
 
Cash and Equivalents 1.01% - - -

Regional Allocation

pie chart
  UK 31.28%
  North America 25.61%
  Developed Europe - Excl UK 19.84%
  Non-Classified 8.70%
  Emerging Asia 3.69%
  Australia & New Zealand 2.72%
  Other Regions 8.17%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 40.97%
  Pound Sterling 29.64%
  US Dollar 20.17%
  Euro 8.17%
  Cash 0.97%
  Singapore Dollar 0.02%
  Other Currencies 0.04%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 31.28% -
 
United Kingdom - 31.28%
 
Jersey - 0.00%
 
North America 25.61% -
 
United States - 24.59%
 
Canada - 1.01%
 
Bermuda - 0.01%
 
Developed Europe - Excl UK 19.84% -
 
France - 4.51%
 
Netherlands - 4.02%
 
Germany - 2.82%
 
Luxembourg - 1.82%
 
Switzerland - 1.42%
 
Ireland - 1.34%
 
Italy - 0.98%
 
Sweden - 0.87%
 
Spain - 0.58%
 
Belgium - 0.38%
 
Denmark - 0.36%
 
Finland - 0.24%
 
Norway - 0.23%
 
Austria - 0.19%
 
Iceland - 0.05%
 
Portugal - 0.03%
 
Non-Classified 8.70% -
 
Emerging Asia 3.69% -
 
South Korea - 2.05%
 
China - 0.43%
 
India - 0.29%
 
Indonesia - 0.27%
 
Philippines - 0.25%
 
Taiwan - 0.24%
 
Thailand - 0.06%
 
Malaysia - 0.05%
 
Sri Lanka - 0.02%
 
Papua New Guinea - 0.01%
 
Pakistan - 0.01%
 
Mongolia - 0.00%
 
Australia & New Zealand 2.72% -
 
Australia - 2.58%
 
New Zealand - 0.14%
 
Japan 2.67% -
 
Japan - 2.67%
 
Developed Asia 2.29% -
 
Hong Kong - 1.66%
 
Singapore - 0.62%
 
Cash and Equivalents 1.14% -
 
South & Central America 1.08% -
 
Mexico - 0.72%
 
Brazil - 0.11%
 
Chile - 0.07%
 
Colombia - 0.06%
 
Virgin Islands (British) - 0.06%
 
Panama - 0.04%
 
Peru - 0.02%
 
Cayman Islands - 0.01%
 
Argentina - 0.00%
 
Property 0.53% -
 
Middle East & Africa 0.25% -
 
South Africa - 0.09%
 
Israel - 0.06%
 
Saudi Arabia - 0.05%
 
United Arab Emirates - 0.04%
 
Qatar - 0.02%
 
Egypt - 0.00%
 
Angola - 0.00%
 
Emerging Europe 0.21% -
 
Czech Republic - 0.10%
 
Poland - 0.05%
 
Russian Federation - 0.05%
 
Turkey - 0.01%
 
Hungary - 0.00%
 
Greece - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
19.40%
Large
 
 
8.74%
Medium
 
 
4.24%
Small
 
 
0.74%
Micro
 
 
0.11%
Non-Classified
 
 
7.71%
Bonds
 
 
58.06%
Cash
 
 
1.01%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
15.97%
5Yr - 10Yr Maturity
 
 
17.72%
10Yr - 15Yr Maturity
 
 
5.59%
> 15Yr Maturity
 
 
18.77%
Cash And Equivalents
 
 
1.01%
Unknown Maturity
 
-0.34%
Other Asset Types
 
 
41.29%

Fixed Interest Quality Profile

AAA
 
 
4.67%
AA
 
 
8.84%
A
 
 
12.58%
BBB
 
 
17.88%
Sub-Investment Grade
 
 
6.06%
Unknown Quality
 
 
8.04%
Cash and Equivalents
 
 
1.01%
Other Asset Types
 
 
40.93%

Top 10 Holdings

Stock % Weight Sector Country
1 1½% Treasury Gilt 2026 1.45% Bonds United Kingdom
2 5% Treasury Stock 2025 0.77% Bonds United Kingdom
3 ASTRAZENECA 0.77% Pharmaceuticals & Biotechnology United Kingdom
4 SAMSUNG ELECTRONICS CO 0.61% Technology Hardware & Equipment South Korea
5 4 1/2 Treasury 2034 0.51% Bonds United Kingdom
6 HSBC HLDGS 0.50% Banks United Kingdom
7 GLAXOSMITHKLINE 0.48% Pharmaceuticals & Biotechnology United Kingdom
8 1¼% Treasury Gilt 2027 0.46% Bonds United Kingdom
9 EUROPEAN INVESTMENT BANK 0.45% Bonds Luxembourg
10 DIAGEO 0.43% Beverages United Kingdom

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).

Identification Codes

Sedol Code BSPBV88
Mex Code VNAAAD
Isin Code GB00BSPBV885
Citi Code M41R

Fund Charges

Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan

Aims and Benchmark

Aims The fund aims to deliver long term growth through investing in a diversified range of assets both in the UK and globally. At any time, the fund will invest at least 10% of its assets in equities but not more than 40%. Investments are managed across asset classes and across world markets with a focus on long run investment potential as forecast on a rolling 10 years basis. The fund may invest in a range of permitted assets which include equities, bonds, property and cash accessed directly or indirectly via appropriate fund vehicles. The fund may include other assets as deemed appropriate by both the manager and current regulations.
Benchmark Internal composite benchmark, asset allocation set by the M&G Prudential Treasury & Investment Office (T&IO), which includes the team formerly known as Prudential Portfolio Management Group
Sector ABI Mixed Investment 20-60% Shares

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).

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

Lower to Medium Risk

These funds may invest in corporate bonds or multi-asset strategies with a higher weighting in corporate bonds (and other comparable strategies).

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

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 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.