Prudential M&G Managed Growth S3

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 0.0% 12.0% 6.7% 5.8% 7.0%
Sector 3.3% 10.1% 4.2% 1.3% 5.5%
Rank 119/135 42/137 46/137 11/137 43/137
Quartile 4 2 2 1 2

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 6.5% 6.2% 6.7%
Sector 3.6% 4.8% 5.1%
Rank 17/137 35/135 21/122
Quartile 1 2 1

Top 10 Holdings

Stock % Weight
Invesco Markets Plc Invesco Financials S&P US Select Sector UCITS ETF - 5.21
EUR/GBP GBP 5.08
USD/GBP GBP 4.69
JPY/GBP GBP 4.24
DKK/GBP GBP 2.26
MICROSOFT CORP 1.39
UNITED STATES TREASURY 0% 16/05/2024 1.26
ALPHABET INC 1.17
UNITED STATES TREASURY 0% 25/04/2024 1.15
CHF/GBP GBP 1.12
Total 27.57

Fund Aims

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

Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income) net of the Ongoing Charge Figure, than the average return of the IA Flexible Investment Sector over any five-year period.

Fund Manager

Craig Simpson manager of the underlying fund for 1 years and 3 months

Photo of Craig Simpson Craig Simpson was appointed co-manager of the M&G Episode Growth Fund in December 2019, and co-deputy fund manager of the M&G Global Target Return Fund from launch in December 2016. In February 2015, he was appointed Head of Portfolio Management for the Multi Asset team. Craig joined M&G in 2004 as a portfolio manager and has more than 15 years’ experience in the investment industry. Prior to joining M&G, Craig was a trainee fund manager at Equitable Life Assurance and an analyst at Pictet Asset Management. He graduated from the University of Aberdeen with a degree in land economics.

Fund Overview

Bid (27/03/2024) 363.60
Offer (27/03/2024) 363.60
Fund size (29/02/2024) £79.90m
Underlying Fund size £918.85m
Number of holdings 5704
Launch date 17/05/2002

Fund Charges

Annual Management Charge (AMC) 1.50%
Further Costs 0.01%
Yearly Total 1.51%

Asset Allocation

pie chart
  International Equities 64.38%
  UK Equities 12.85%
  Alternative Trading Strategies 10.04%
  International Bonds 6.58%
  Property 0.78%
  Money Market 0.42%
  UK Corporate Bonds 0.21%
  Investment Trusts 0.02%
  UK Gilts 0.01%
  Other Assets 4.71%
Portfolio data accurate as at: 31/01/24

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 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 product charges, or 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 net 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 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 64.38%
  UK Equities 12.85%
  Alternative Trading Strategies 10.04%
  International Bonds 6.58%
  Property 0.78%
  Money Market 0.42%
  UK Corporate Bonds 0.21%
  Investment Trusts 0.02%
  UK Gilts 0.01%
  Other Assets 4.71%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Non-Classified 15.17% - - -
 
Non-Classified - 1.18% - -
 
Non-Classified - - 1.18% -
 
Non-Classified - - - 1.18%
 
Industrials 12.70% - - -
 
Industrial Goods & Services - 11.92% - -
 
Industrial Support Services - - 4.03% -
 
Transaction Processing Services - - - 1.95%
 
Business Training & Employment Agencies - - - 0.64%
 
Professional Business Support Services - - - 0.55%
 
Industrial Suppliers - - - 0.47%
 
Security Services - - - 0.42%
 
Industrial Transportation - - 2.45% -
 
Marine Transportation - - - 1.09%
 
Transportation Services - - - 0.67%
 
Railroads - - - 0.37%
 
Commercial Vehicles & Parts - - - 0.14%
 
Delivery Services - - - 0.11%
 
Railroad Equipment - - - 0.07%
 
Commercial Vehicle-Equipment Leasing - - - 0.00%
 
Trucking - - - 0.00%
 
Electronic & Electrical Equipment - - 1.95% -
 
Electrical Components - - - 1.58%
 
Electronic Equipment: Control & Filter - - - 0.29%
 
Electronic Equipment: Gauges & Meters - - - 0.08%
 
Electronic Equipment: Other - - - 0.00%
 
General Industrials - - 1.83% -
 
Diversified Industrials - - - 1.08%
 
Containers & Packaging - - - 0.48%
 
Glass - - - 0.14%
 
Plastics - - - 0.13%
 
Paints & Coatings - - - 0.00%
 
Industrial Engineering - - 1.52% -
 
Machinery: Construction & Handling - - - 0.66%
 
Machinery: Industrial - - - 0.49%
 
Machinery: Specialty - - - 0.20%
 
Machinery: Engines - - - 0.12%
 
Machinery: Tools - - - 0.06%
 
Machinery: Agricultural - - - 0.00%
 
Aerospace & Defence - - 0.15% -
 
Defense - - - 0.15%
 
Aerospace - - - 0.00%
 
Construction & Materials - 0.78% - -
 
Construction & Materials - - 0.78% -
 
Building Materials: Other - - - 0.25%
 
Construction - - - 0.18%
 
Cement - - - 0.14%
 
Engineering & Contracting Services - - - 0.13%
 
Building, Roofing/Wallboard & Plumbing - - - 0.06%
 
Building: Climate Control - - - 0.02%
 
Financials 12.64% - - -
 
Banks - 7.33% - -
 
Banks - - 7.33% -
 
Banks - - - 7.33%
 
Insurance - 2.81% - -
 
Non-life Insurance - - 1.91% -
 
Property & Casualty Insurance - - - 0.79%
 
Full Line Insurance - - - 0.47%
 
Reinsurance - - - 0.43%
 
Insurance Brokers - - - 0.22%
 
Life Insurance - - 0.90% -
 
Life Insurance - - - 0.90%
 
Financial Services - 2.50% - -
 
Investment Banking & Brokerage Services - - 1.96% -
 
Asset Managers & Custodians - - - 1.15%
 
Investment Services - - - 0.43%
 
Diversified Financial Services - - - 0.38%
 
Finance & Credit Services - - 0.52% -
 
Financial Data & Systems - - - 0.50%
 
Mortgage Finance - - - 0.01%
 
Consumer Lending - - - 0.00%
 
Equity Investment Instruments - - 0.02% -
 
Equity Investment Instruments - - - 0.02%
 
Technology 11.33% - - -
 
Technology - 11.33% - -
 
Software & Computer Services - - 7.22% -
 
Software - - - 3.45%
 
Consumer Digital Services - - - 3.20%
 
Computer Services - - - 0.57%
 
Technology Hardware & Equipment - - 4.11% -
 
Semiconductors - - - 2.73%
 
Computer Hardware - - - 0.57%
 
Production Technology Equipment - - - 0.40%
 
Electronic Components - - - 0.28%
 
Electronic Office Equipment - - - 0.14%
 
Alternative Trading Strategies 10.04% - - -
 
Alternative Trading Strategies - 10.04% - -
 
Alternative Trading Strategies - - 10.04% -
 
Alternative Trading Strategies - - - 10.04%
 
Consumer Discretionary 9.11% - - -
 
Consumer Products & Services - 2.62% - -
 
Leisure Goods - - 1.16% -
 
Consumer Electronics - - - 0.48%
 
Toys - - - 0.22%
 
Photography - - - 0.19%
 
Recreational Vehicles & Boats - - - 0.18%
 
Recreational Products - - - 0.09%
 
Electronic Entertainment - - - 0.00%
 
Personal Goods - - 0.68% -
 
Clothing & Accessories - - - 0.34%
 
Luxury Items - - - 0.19%
 
Cosmetics - - - 0.12%
 
Footwear - - - 0.04%
 
Consumer Services - - 0.58% -
 
Consumer Services: Misc. - - - 0.35%
 
Rental & Leasing Services: Consumer - - - 0.14%
 
Vending & Catering Service - - - 0.09%
 
Education Services - - - 0.00%
 
Funeral Parlors & Cemetery - - - 0.00%
 
Printing and Copying Services - - - 0.00%
 
Household Goods & Home Construction - - 0.21% -
 
Home Construction - - - 0.21%
 
Household Appliance - - - 0.00%
 
Household Equipment & Products - - - 0.00%
 
Household Furnishings - - - 0.00%
 
Retail - 2.36% - -
 
Retailers - - 2.36% -
 
Specialty Retailers - - - 1.27%
 
Diversified Retailers - - - 0.74%
 
Home Improvement Retailers - - - 0.20%
 
Apparel Retailers - - - 0.15%
 
Automobiles & Parts - 2.30% - -
 
Automobiles & Parts - - 2.30% -
 
Automobiles - - - 1.57%
 
Auto Parts - - - 0.64%
 
Tires - - - 0.09%
 
Auto Services - - - 0.00%
 
Media - 1.11% - -
 
Media - - 1.11% -
 
Entertainment - - - 0.37%
 
Publishing - - - 0.35%
 
Radio & TV Broadcasters - - - 0.28%
 
Media Agencies - - - 0.11%
 
Travel & Leisure - 0.72% - -
 
Travel & Leisure - - 0.72% -
 
Airlines - - - 0.17%
 
Casinos & Gambling - - - 0.16%
 
Hotels & Motels - - - 0.14%
 
Recreational Services - - - 0.12%
 
Travel & Tourism - - - 0.12%
 
Restaurants & Bars - - - 0.01%
 
Health Care 7.17% - - -
 
Health Care - 7.17% - -
 
Pharmaceuticals & Biotechnology - - 4.73% -
 
Pharmaceuticals - - - 4.31%
 
Biotechnology - - - 0.42%
 
Health Care Providers - - 1.32% -
 
Health Care Management Services - - - 1.09%
 
Health Care Services - - - 0.20%
 
Health Care Facilities - - - 0.02%
 
Health Care: Misc. - - - 0.00%
 
Medical Equipment & Services - - 1.12% -
 
Medical Equipment - - - 0.68%
 
Medical Supplies - - - 0.36%
 
Medical Services - - - 0.08%
 
Bonds 6.79% - - -
 
Consumer Staples 5.26% - - -
 
Personal Care, Drug & Grocery Stores - 3.09% - -
 
Personal Care, Drug & Grocery Stores - - 3.09% -
 
Food Retailers & Wholesalers - - - 1.12%
 
Personal Products - - - 1.09%
 
Nondurable Household Products - - - 0.81%
 
Drug Retailers - - - 0.06%
 
Food, Beverage & Tobacco - 2.17% - -
 
Food Producers - - 1.09% -
 
Food Products - - - 1.08%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Fruit & Grain Processing - - - 0.00%
 
Sugar - - - 0.00%
 
Beverages - - 0.82% -
 
Soft Drinks - - - 0.34%
 
Brewers - - - 0.26%
 
Distillers & Vintners - - - 0.22%
 
Tobacco - - 0.26% -
 
Tobacco - - - 0.26%
 
Basic Materials 3.26% - - -
 
Chemicals - 1.76% - -
 
Chemicals - - 1.76% -
 
Chemicals: Diversified - - - 0.79%
 
Specialty Chemicals - - - 0.64%
 
Chemicals & Synthetic Fibers - - - 0.23%
 
Fertilizers - - - 0.10%
 
Basic Resources - 1.50% - -
 
Industrial Metals & Mining - - 1.20% -
 
General Mining - - - 0.64%
 
Iron & Steel - - - 0.32%
 
Nonferrous Metals - - - 0.16%
 
Copper - - - 0.09%
 
Aluminum - - - 0.00%
 
Metal Fabricating - - - 0.00%
 
Precious Metals & Mining - - 0.16% -
 
Gold Mining - - - 0.16%
 
Platinum & Precious Metals - - - 0.00%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.14% -
 
Paper - - - 0.14%
 
Textile Products - - - 0.00%
 
Diversified Materials - - - 0.00%
 
Forestry - - - 0.00%
 
Energy 3.22% - - -
 
Energy - 3.22% - -
 
Non-Renewable Energy - - 2.92% -
 
Integrated Oil & Gas - - - 1.24%
 
Oil: Crude Producers - - - 0.61%
 
Pipelines - - - 0.37%
 
Oil Equipment & Services - - - 0.29%
 
Oil Refining and Marketing - - - 0.28%
 
Offshore Drilling & Other Services - - - 0.14%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.30% -
 
Alternative Fuels - - - 0.18%
 
Renewable Energy Equipment - - - 0.12%
 
Telecommunications 3.22% - - -
 
Telecommunications - 3.22% - -
 
Telecommunications Equipment - - 1.67% -
 
Telecommunications Equipment - - - 1.67%
 
Telecommunications Service Providers - - 1.55% -
 
Telecommunications Services - - - 1.22%
 
Cable Television Services - - - 0.33%
 
Real Estate 2.20% - - -
 
Real Estate - 2.20% - -
 
Real Estate Investment Trusts - - 1.40% -
 
Industrial REITs - - - 0.28%
 
Diversified REITs - - - 0.27%
 
Infrastructure REITs - - - 0.27%
 
Office REITs - - - 0.17%
 
Other Specialty REITs - - - 0.15%
 
Retail REITs - - - 0.11%
 
Timber REITs - - - 0.09%
 
Residential REITs - - - 0.06%
 
Real Estate Investment & Services - - 0.81% -
 
Real Estate Holding and Development - - - 0.63%
 
Real Estate Services - - - 0.18%
 
Utilities 1.82% - - -
 
Utilities - 1.82% - -
 
Electricity - - 1.22% -
 
Conventional Electricity - - - 0.67%
 
Alternative Electricity - - - 0.55%
 
Gas, Water & Multi-utilities - - 0.56% -
 
Multi-Utilities - - - 0.52%
 
Water - - - 0.04%
 
Gas Distribution - - - 0.00%
 
Waste & Disposal Services - - 0.04% -
 
Waste & Disposal Services - - - 0.04%
 
Cash and Equivalents -3.93% - - -

Regional Allocation

pie chart
  North America 33.58%
  Non-Classified 19.15%
  Developed Europe - Excl UK 14.38%
  UK 13.07%
  Japan 9.84%
  Emerging Asia 7.43%
  Developed Asia 2.39%
  South & Central America 1.21%
  Australia & New Zealand 0.98%
  Other Regions -2.04%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 97.31%
  US Dollar 5.67%
  Pound Sterling 0.32%
  Rand 0.24%
  Brazilian Real 0.19%
  Mexican Peso 0.16%
  Other Currencies -3.89%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 33.58% -
 
United States - 32.31%
 
Canada - 1.27%
 
Bermuda - 0.00%
 
Non-Classified 19.15% -
 
Developed Europe - Excl UK 14.38% -
 
Denmark - 2.78%
 
France - 2.35%
 
Ireland - 2.21%
 
Germany - 2.14%
 
Switzerland - 1.70%
 
Netherlands - 1.44%
 
Spain - 0.48%
 
Austria - 0.37%
 
Finland - 0.25%
 
Belgium - 0.23%
 
Sweden - 0.18%
 
Luxembourg - 0.17%
 
Italy - 0.04%
 
Norway - 0.04%
 
Iceland - 0.00%
 
Portugal - 0.00%
 
UK 13.07% -
 
United Kingdom - 13.07%
 
Jersey - 0.00%
 
Japan 9.84% -
 
Japan - 9.84%
 
Emerging Asia 7.43% -
 
South Korea - 2.41%
 
China - 2.17%
 
Taiwan - 1.03%
 
India - 0.97%
 
Indonesia - 0.44%
 
Thailand - 0.28%
 
Philippines - 0.09%
 
Pakistan - 0.03%
 
Malaysia - 0.00%
 
Developed Asia 2.39% -
 
Hong Kong - 1.80%
 
Singapore - 0.59%
 
South & Central America 1.21% -
 
Brazil - 0.94%
 
Mexico - 0.17%
 
Colombia - 0.09%
 
Chile - 0.01%
 
Cayman Islands - 0.00%
 
Peru - 0.00%
 
Australia & New Zealand 0.98% -
 
Australia - 0.96%
 
New Zealand - 0.02%
 
Middle East & Africa 0.79% -
 
South Africa - 0.55%
 
Israel - 0.21%
 
Egypt - 0.03%
 
Saudi Arabia - 0.00%
 
United Arab Emirates - 0.00%
 
Kuwait - 0.00%
 
Qatar - 0.00%
 
Property 0.72% -
 
Emerging Europe 0.14% -
 
Romania - 0.14%
 
Greece - 0.00%
 
Turkey - 0.00%
 
Poland - 0.00%
 
Hungary - 0.00%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%
 
Cash and Equivalents -3.68% -

Breakdown By Market Cap (%)

Mega
 
 
38.13%
Large
 
 
14.41%
Medium
 
 
11.87%
Small
 
 
2.47%
Micro
 
 
0.36%
Non-Classified
 
 
29.90%
Bonds
 
 
6.79%
Cash
 
-3.93%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G (Lux) Episode Macro Class SI-H GBP 10.00% Managed Funds Managed Funds
2 M&G Global Sustain Paris Aligned Class A GBP 9.48% Managed Funds Managed Funds
3 M&G (Lux) Pan European Sustain Paris Aligned Class A EUR 9.37% Managed Funds Managed Funds
4 M&G Japan Class A GBP 9.05% Managed Funds Managed Funds
5 M&G North American Value Class A GBP 8.60% Managed Funds Managed Funds
6 M&G Global Emerging Markets Class A GBP 6.50% Managed Funds Managed Funds
7 M&G Asian Class A GBP 6.42% Managed Funds Managed Funds
8 Invesco Markets Plc Invesco Financials S&P US Select Sector UCITS ETF - 5.21% Managed Funds Managed Funds
9 EUR/GBP GBP 5.08% Non-Classified Non-Classified
10 M&G UK Sustain Paris Aligned Class A GBP 4.98% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 Invesco Markets Plc Invesco Financials S&P US Select Sector UCITS ETF - 5.21% Non-Classified United States
2 EUR/GBP GBP 5.08% Non-Classified Non-Classified
3 USD/GBP GBP 4.69% Non-Classified Non-Classified
4 JPY/GBP GBP 4.24% Non-Classified Non-Classified
5 DKK/GBP GBP 2.26% Non-Classified Non-Classified
6 MICROSOFT CORP 1.39% Software & Computer Services United States
7 UNITED STATES TREASURY 0% 16/05/2024 1.26% Non-Classified Non-Classified
8 ALPHABET INC 1.17% Software & Computer Services United States
9 UNITED STATES TREASURY 0% 25/04/2024 1.15% Non-Classified Non-Classified
10 CHF/GBP GBP 1.12% Non-Classified Non-Classified

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 0.42% 10.91% - - - - - - 11.33%
Telecommunications 0.06% 3.16% - - - - - - 3.22%
Financials 2.47% 10.15% - - - - 0.02% - 12.64%
Real Estate 0.06% 1.36% - - - 0.78% - - 2.20%
Consumer Discretionary 2.23% 6.88% - - - - - - 9.11%
Consumer Staples 2.76% 2.50% - - - - - - 5.26%
Energy 0.91% 2.32% - - - - - - 3.22%
Utilities 0.32% 1.49% - - - - - - 1.81%
Health Care 1.55% 5.62% - - - - - - 7.17%
Industrials 1.79% 10.91% - - - - - - 12.70%
Basic Materials 0.28% 2.97% - - - - - - 3.26%
Cash and Equivalents - - - - - - - -4.10% -4.10%
Bonds - - 0.21% 6.58% 0.01% - - - 6.79%
Non-Classified - 6.10% - - - - 19.11% 0.17% 25.37%

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 Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

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.

Identification Codes

Sedol Code 3163450
Mex Code VNMG3
Isin Code GB0031634503
Citi Code PW91

Fund Charges

Annual Management Charge (AMC) 1.50%
Further Costs 0.01%
Yearly Total 1.51%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Managed Growth Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income) net of the Ongoing Charge Figure, than the average return of the IA Flexible Investment Sector over any five-year period.
Benchmark IA Flexible Investment Sector Average
Sector ABI Flexible Investment

Ratings

FE Crown Crown Rating of 5

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).

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.

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 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 product charges, or 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 net 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 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.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.