Prudential BlackRock Ascent Pacific Rim Equity 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 43.4% 13.4% 3.3% 4.0% -2.2%
Benchmark 40.8% 14.0% 6.2% 3.4% -3.2%

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 -0.7% 1.7% 11.3% 6.2%
Benchmark 0.8% 2.1% 11.3% 6.0%

Top 10 Holdings

Stock % Weight
SAMSUNG ELECTRONICS CO 9.36
AIA GROUP LTD 4.71
CSL 3.70
AUSTRALIA (COMMONWEALTH BANK OF) 3.21
BHP GROUP LTD 2.99
HONG KONG EXCHANGES & CLEARING 2.35
WESTPAC BANKING CORP 1.73
NATIONAL AUSTRALIA BANK LTD 1.66
SK HYNIX INC 1.48
WESFARMERS 1.43
Total 32.63

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the BlackRock Ascent Pacific Rim Equity Fund - the underlying fund.

Underlying Fund Objective: The fund invests in the shares of companies in the Pacific Rim and aims to provide returns consistent with the markets in which it invests. Please note, since March 2009 that Fund invests exclusively into the Aquila Life Pacific Rim Equity Index Fund.

Performance objective: To match the performance of the benchmark.

Fund Manager

Team Managed manager of the underlying fund for 21 years and 5 months

Photo of Team Managed Team Managed

Fund Overview

Daily price (25/11/2020) 606.90
Fund size (30/09/2020) £3.21m
Underlying Fund size £31.43m
Number of holdings 395
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 30/04/2004

Asset Allocation

pie chart
  International Equities 95.80%
  Property 3.65%
  Alternative Trading Strategies 0.28%
  Cash and Equivalents -0.01%
  Other Assets 0.27%

Performance comment

Performance as at Q2 2020 - Asia ex Japan markets recovered in Q2 from the sharp selloff in the first quarter, marking the best quarter over the past few years. Volatile markets saw a sharp rally in April, even as lockdowns and negative COVID-19 related news-flow intensified and oil markets suffered a technical collapse. The strength of the rebound must be attributed to the sizeable and speedy response from policy makers to the outbreak of the virus. In addition to the measures implemented in China – increased fiscal deficit rate, special government bond issuances, targeted RRR and reverse repo rate cuts – stimulus and rate cuts have been widespread across other emerging and developed markets too. As signs the world was past “peak lockdown” began to emerge later in the quarter, and evidence that economies would gradually reopen and economic activity normalise, attention focused on the still rising cases in many EM countries which served to dampen sentiment in emerging markets. Renewed US/China tensions also manifested themselves in the trade dispute and more recent issues of ADR de-listing and the US/HK Policy Act.

Against this backdrop, within Asia ex-Japan (+16.7%), parts of South-East Asia (Indonesia +24.0%, Thailand +23.6%) recovered sharply, with Taiwan (+21.4%) and India (+20.6%) also performing well. China (+15.3%, China A +16.0%) performed in line with the region, whilst Hong Kong (+9.2%) lagged due to uncertainty from the recent political changes.

Source: BlackRock

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 95.80%
  Property 3.65%
  Alternative Trading Strategies 0.28%
  Cash and Equivalents -0.01%
  Other Assets 0.27%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 24.77% - - -
 
Banks - 13.18% - -
 
Banks - - 13.18% -
 
Banks - - - 13.18%
 
Insurance - 6.41% - -
 
Life Insurance - - 5.43% -
 
Life Insurance - - - 5.43%
 
Non-life Insurance - - 0.98% -
 
Property & Casualty Insurance - - - 0.98%
 
Financial Services - 5.18% - -
 
Investment Banking & Brokerage Services - - 5.15% -
 
Investment Services - - - 3.40%
 
Diversified Financial Services - - - 1.34%
 
Asset Managers & Custodians - - - 0.42%
 
Finance & Credit Services - - 0.03% -
 
Financial Data & Systems - - - 0.03%
 
Technology 17.16% - - -
 
Technology - 17.16% - -
 
Technology Hardware & Equipment - - 14.02% -
 
Computer Hardware - - - 10.98%
 
Semiconductors - - - 1.51%
 
Electronic Components - - - 1.40%
 
Production Technology Equipment - - - 0.12%
 
Software & Computer Services - - 3.15% -
 
Consumer Digital Services - - - 2.03%
 
Computer Services - - - 0.73%
 
Software - - - 0.38%
 
Consumer Discretionary 10.67% - - -
 
Travel & Leisure - 3.18% - -
 
Travel & Leisure - - 3.18% -
 
Casinos & Gambling - - - 2.46%
 
Airlines - - - 0.37%
 
Restaurants & Bars - - - 0.17%
 
Travel & Tourism - - - 0.15%
 
Hotels & Motels - - - 0.03%
 
Consumer Products & Services - 2.71% - -
 
Leisure Goods - - 1.09% -
 
Electronic Entertainment - - - 0.58%
 
Consumer Electronics - - - 0.35%
 
Recreational Vehicles & Boats - - - 0.16%
 
Household Goods & Home Construction - - 0.98% -
 
Household Equipment & Products - - - 0.80%
 
Household Furnishings - - - 0.11%
 
Household Appliance - - - 0.07%
 
Personal Goods - - 0.51% -
 
Cosmetics - - - 0.24%
 
Clothing & Accessories - - - 0.13%
 
Luxury Items - - - 0.09%
 
Footwear - - - 0.04%
 
Consumer Services - - 0.13% -
 
Education Services - - - 0.08%
 
Vending & Catering Service - - - 0.06%
 
Automobiles & Parts - 2.34% - -
 
Automobiles & Parts - - 2.34% -
 
Automobiles - - - 1.49%
 
Auto Parts - - - 0.77%
 
Tires - - - 0.08%
 
Retail - 2.22% - -
 
Retailers - - 2.22% -
 
Diversified Retailers - - - 1.96%
 
Specialty Retailers - - - 0.19%
 
Apparel Retailers - - - 0.07%
 
Media - 0.23% - -
 
Media - - 0.23% -
 
Media Agencies - - - 0.18%
 
Publishing - - - 0.05%
 
Basic Materials 9.64% - - -
 
Basic Resources - 7.80% - -
 
Industrial Metals & Mining - - 6.22% -
 
General Mining - - - 4.60%
 
Iron & Steel - - - 1.50%
 
Aluminum - - - 0.10%
 
Copper - - - 0.02%
 
Precious Metals & Mining - - 1.54% -
 
Gold Mining - - - 1.42%
 
Platinum & Precious Metals - - - 0.12%
 
Industrial Materials - - 0.04% -
 
Paper - - - 0.04%
 
Chemicals - 1.84% - -
 
Chemicals - - 1.84% -
 
Specialty Chemicals - - - 1.13%
 
Chemicals: Diversified - - - 0.57%
 
Fertilizers - - - 0.14%
 
Industrials 9.51% - - -
 
Industrial Goods & Services - 7.63% - -
 
Industrial Transportation - - 2.98% -
 
Transportation Services - - - 1.91%
 
Railroads - - - 0.51%
 
Marine Transportation - - - 0.33%
 
Trucking - - - 0.08%
 
Commercial Vehicles & Parts - - - 0.08%
 
Commercial Vehicle-Equipment Leasing - - - 0.05%
 
Delivery Services - - - 0.03%
 
General Industrials - - 2.96% -
 
Diversified Industrials - - - 1.57%
 
Containers & Packaging - - - 1.20%
 
Glass - - - 0.17%
 
Paints & Coatings - - - 0.02%
 
Industrial Support Services - - 1.08% -
 
Transaction Processing Services - - - 0.49%
 
Business Training & Employment Agencies - - - 0.21%
 
Industrial Suppliers - - - 0.19%
 
Professional Business Support Services - - - 0.13%
 
Security Services - - - 0.06%
 
Aerospace & Defence - - 0.24% -
 
Aerospace - - - 0.24%
 
Industrial Engineering - - 0.19% -
 
Machinery: Construction & Handling - - - 0.13%
 
Machinery: Industrial - - - 0.06%
 
Electronic & Electrical Equipment - - 0.18% -
 
Electronic Equipment: Gauges & Meters - - - 0.14%
 
Electrical Components - - - 0.04%
 
Construction & Materials - 1.88% - -
 
Construction & Materials - - 1.88% -
 
Construction - - - 0.88%
 
Building Materials: Other - - - 0.72%
 
Engineering & Contracting Services - - - 0.23%
 
Cement - - - 0.06%
 
Real Estate 8.21% - - -
 
Real Estate - 8.21% - -
 
Real Estate Investment Trusts - - 4.49% -
 
Retail REITs - - - 1.78%
 
Diversified REITs - - - 1.08%
 
Office REITs - - - 0.74%
 
Residential REITs - - - 0.54%
 
Industrial REITs - - - 0.25%
 
Other Specialty REITs - - - 0.10%
 
Real Estate Investment & Services - - 3.72% -
 
Real Estate Holding and Development - - - 3.56%
 
Real Estate Services - - - 0.16%
 
Health Care 7.60% - - -
 
Health Care - 7.60% - -
 
Pharmaceuticals & Biotechnology - - 5.60% -
 
Pharmaceuticals - - - 3.97%
 
Biotechnology - - - 1.63%
 
Medical Equipment & Services - - 1.07% -
 
Medical Equipment - - - 0.94%
 
Medical Supplies - - - 0.14%
 
Health Care Providers - - 0.92% -
 
Health Care Facilities - - - 0.48%
 
Health Care Services - - - 0.44%
 
Consumer Staples 5.18% - - -
 
Personal Care, Drug & Grocery Stores - 2.61% - -
 
Personal Care, Drug & Grocery Stores - - 2.61% -
 
Food Retailers & Wholesalers - - - 2.10%
 
Personal Products - - - 0.52%
 
Food, Beverage & Tobacco - 2.57% - -
 
Food Producers - - 1.52% -
 
Food Products - - - 1.22%
 
Fruit & Grain Processing - - - 0.27%
 
Farming, Fishing, Ranching & Plantations - - - 0.03%
 
Beverages - - 0.73% -
 
Soft Drinks - - - 0.31%
 
Distillers & Vintners - - - 0.23%
 
Brewers - - - 0.19%
 
Tobacco - - 0.32% -
 
Tobacco - - - 0.32%
 
Utilities 2.91% - - -
 
Utilities - 2.91% - -
 
Electricity - - 1.66% -
 
Conventional Electricity - - - 1.28%
 
Alternative Electricity - - - 0.38%
 
Gas, Water & Multi-utilities - - 1.13% -
 
Gas Distribution - - - 0.64%
 
Multi-Utilities - - - 0.49%
 
Waste & Disposal Services - - 0.12% -
 
Waste & Disposal Services - - - 0.12%
 
Energy 2.11% - - -
 
Energy - 2.11% - -
 
Non-Renewable Energy - - 2.11% -
 
Oil: Crude Producers - - - 0.99%
 
Oil Refining and Marketing - - - 0.50%
 
Pipelines - - - 0.34%
 
Oil Equipment & Services - - - 0.18%
 
Coal - - - 0.09%
 
Telecommunications 1.68% - - -
 
Telecommunications - 1.68% - -
 
Telecommunications Service Providers - - 1.63% -
 
Telecommunications Services - - - 1.63%
 
Telecommunications Equipment - - 0.05% -
 
Telecommunications Equipment - - - 0.05%
 
Non-Classified 0.29% - - -
 
Non-Classified - 0.27% - -
 
Non-Classified - - 0.27% -
 
Non-Classified - - - 0.27%
 
Alternative Trading Strategies 0.28% - - -
 
Alternative Trading Strategies - 0.28% - -
 
Alternative Trading Strategies - - 0.28% -
 
Alternative Trading Strategies - - - 0.28%
 
Cash and Equivalents -0.01% - - -

Regional Allocation

pie chart
  Australia & New Zealand 39.53%
  Emerging Asia 30.72%
  Developed Asia 24.81%
  Property 3.65%
  Developed Europe - Excl UK 0.59%
  Non-Classified 0.55%
  Other Regions 0.14%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.95%
  Cash 1.03%
  Won 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
Australia & New Zealand 39.53% -
 
Australia - 37.33%
 
New Zealand - 2.20%
 
Emerging Asia 30.72% -
 
South Korea - 30.57%
 
Papua New Guinea - 0.15%
 
Malaysia - 0.00%
 
Developed Asia 24.81% -
 
Hong Kong - 18.31%
 
Singapore - 6.51%
 
Property 3.65% -
 
Developed Europe - Excl UK 0.59% -
 
Ireland - 0.42%
 
Luxembourg - 0.09%
 
Italy - 0.08%
 
Non-Classified 0.55% -
 
North America 0.15% -
 
United States - 0.15%
 
Cash and Equivalents -0.01% -

Breakdown By Market Cap (%)

Mega
 
 
48.52%
Large
 
 
30.53%
Medium
 
 
17.38%
Small
 
 
1.16%
Micro
 
 
0.01%
Non-Classified
 
 
2.41%
Cash
 
-0.01%

Top 10 Holdings

Stock % Weight Sector Country
1 SAMSUNG ELECTRONICS CO 9.36% Technology Hardware & Equipment South Korea
2 AIA GROUP LTD 4.71% Life Insurance Hong Kong
3 CSL 3.70% Pharmaceuticals & Biotechnology Australia
4 AUSTRALIA (COMMONWEALTH BANK OF) 3.21% Banks Australia
5 BHP GROUP LTD 2.99% Industrial Metals & Mining Australia
6 HONG KONG EXCHANGES & CLEARING 2.35% Investment Banking & Brokerage Services Hong Kong
7 WESTPAC BANKING CORP 1.73% Banks Australia
8 NATIONAL AUSTRALIA BANK LTD 1.66% Banks Australia
9 SK HYNIX INC 1.48% Technology Hardware & Equipment South Korea
10 WESFARMERS 1.43% Retailers Australia

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 17.16% - - - - - - 17.16%
Telecommunications - 1.68% - - - - - - 1.68%
Financials - 24.77% - - - - - - 24.77%
Real Estate - 4.56% - - - 3.65% - - 8.21%
Consumer Discretionary - 10.67% - - - - - - 10.67%
Consumer Staples - 5.18% - - - - - - 5.18%
Energy - 2.11% - - - - - - 2.11%
Utilities - 2.91% - - - - - - 2.91%
Health Care - 7.60% - - - - - - 7.60%
Industrials - 9.51% - - - - - - 9.51%
Basic Materials - 9.64% - - - - - - 9.64%
Cash and Equivalents - - - - - - - -0.01% -0.01%
Non-Classified - 0.01% - - - - 0.56% - 0.57%

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 3420133
Mex Code PUCPI
Isin Code GB0034201334
Citi Code P561

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 BlackRock Ascent Pacific Rim Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests in the shares of companies in the Pacific Rim and aims to provide returns consistent with the markets in which it invests. Please note, since March 2009 that Fund invests exclusively into the Aquila Life Pacific Rim Equity Index Fund. Performance objective: To match the performance of the benchmark.
Benchmark FTSE All-World Developed Asia Pacific ex-Japan Index
ABI Sector 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.