Prudential BlackRock Aquila Consensus 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 22.7% 8.6% 5.2% 5.4% 0.6%
Benchmark 21.9% 8.8% 6.2% 7.3% -2.0%

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 -0.3% 3.7% 8.3% 7.6%
Benchmark 0.0% 3.8% 8.2% 7.3%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 1.59
APPLE INC 1.17
GLAXOSMITHKLINE 1.02
MICROSOFT CORP 0.98
BRITISH AMERICAN TOBACCO 0.91
HSBC HLDGS 0.88
DIAGEO 0.87
AMAZON.COM INC 0.83
UNILEVER 0.74
RIO TINTO 0.72
Total 9.70

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the BlackRock Aquila Life Consensus Fund - the underlying fund.

Underlying Fund Objective: The investment strategy of the fund is to purchase units in the BlackRock Aquila Life Consensus Fund. The fund seeks to achieve a total return for investors. The fund invests across several asset classes. The fund may invest in equity or fixed income transferable securities, money-market instruments, deposits and cash and near cash. The fund will aim to have between 40-85% of its investment exposure in equity securities.

Fund Manager

Team Managed manager of the underlying fund for 23 years and 6 months

Photo of Team Managed Team Managed

Fund Overview

Daily price (26/11/2020) 296.10
Fund size (30/09/2020) £24.00m
Underlying Fund size £619.53m
Number of holdings 8276
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 15/07/2005

Asset Allocation

pie chart
  International Equities 41.17%
  UK Equities 23.13%
  International Bonds 16.69%
  UK Gilts 9.47%
  Alternative Trading Strategies 1.59%
  Investment Trusts 1.52%
  Other Assets 6.43%

Performance comment

Performance as at Q2 2020 - Financial markets came into June on a firmer footing before fears around a second wave of infections in the US and the related reintroduction of lockdown measures started to surface in the middle of the month. Indeed, riskier assets continued to rally at the beginning of the month before moving generally flat-to-lower in the second half. The tailwind of sizable stimulus measures from central banks and governments globally, coupled with the easing of lockdown measures in other areas such as Europe, have helped underpin sentiment more broadly.

From a global policy perspective, the most significant development emerged from the Eurozone as the European Central Bank (ECB) announced an expansion of its Pandemic Emergency Purchase Programme (PEPP) by €600 billion to bring the total size to €1350 billion. The central bank also extended net purchases and the reinvestment of maturing principle payments under this programme until at least June 2021 and the end of 2022 respectively. In the US, the Federal Open Market Committee (FOMC) again reiterated its dovish stance in its June meeting highlighting that its bond buying programme - worth approximately US$120 billion a month - would continue “at least at the current pace”. It is clear that there is a commitment from the FOMC to ensure yields are capped, and the prospect of outright yield curve control remains on the table. The Bank of Japan meanwhile has increased its coronavirus lending progamme to over US$1 trillion, while signaling it would be years before there was any rise in interest rates.

In China, economic data has continued to rebound sharply in a ‘V-shaped’ manner with both manufacturing and non-manufacturing PMI’s beating consensus expectations and showing an expansion in activity. This has also trickled through into emerging market Asia more broadly with India and Indonesia showing sharp recoveries. Elsewhere, the epicenter of the Virus now spans across the America’s; most notably from several large states in the US such as Texas and Florida, but also several country’s in South America such as Brazil and Peru. The increasing number of cases in the US has been evident since the beginning of June. However, the extent to which this is impacting financial markets is being driven by the prospect of renewed lockdown measures, as was the case towards the end of June.

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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 Equities 41.17%
  UK Equities 23.13%
  International Bonds 16.69%
  UK Gilts 9.47%
  Alternative Trading Strategies 1.59%
  Investment Trusts 1.52%
  Other Assets 6.43%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 27.42% - - -
 
Financials 10.43% - - -
 
Financial Services - 4.12% - -
 
Investment Banking & Brokerage Services - - 2.37% -
 
Investment Services - - - 0.97%
 
Asset Managers & Custodians - - - 0.87%
 
Diversified Financial Services - - - 0.54%
 
Equity Investment Instruments - - 1.52% -
 
Equity Investment Instruments - - - 1.52%
 
Finance & Credit Services - - 0.21% -
 
Financial Data & Systems - - - 0.12%
 
Mortgage Finance - - - 0.05%
 
Consumer Lending - - - 0.04%
 
Mortgage Real Estate Investment Trusts - - 0.01% -
 
Mortgage REITs: Residential - - - 0.01%
 
Mortgage REITs: Diversified - - - 0.00%
 
Banks - 3.55% - -
 
Banks - - 3.55% -
 
Banks - - - 3.55%
 
Insurance - 2.77% - -
 
Non-life Insurance - - 1.51% -
 
Property & Casualty Insurance - - - 0.63%
 
Full Line Insurance - - - 0.41%
 
Reinsurance - - - 0.39%
 
Insurance Brokers - - - 0.08%
 
Life Insurance - - 1.25% -
 
Life Insurance - - - 1.25%
 
Industrials 9.35% - - -
 
Industrial Goods & Services - 8.23% - -
 
Industrial Support Services - - 2.89% -
 
Professional Business Support Services - - - 1.03%
 
Transaction Processing Services - - - 0.98%
 
Industrial Suppliers - - - 0.51%
 
Security Services - - - 0.20%
 
Business Training & Employment Agencies - - - 0.16%
 
Forms & Bulk Printing Services - - - 0.02%
 
Industrial Transportation - - 1.34% -
 
Railroads - - - 0.41%
 
Delivery Services - - - 0.25%
 
Commercial Vehicle-Equipment Leasing - - - 0.19%
 
Transportation Services - - - 0.17%
 
Commercial Vehicles & Parts - - - 0.11%
 
Trucking - - - 0.10%
 
Marine Transportation - - - 0.08%
 
Railroad Equipment - - - 0.02%
 
General Industrials - - 1.30% -
 
Diversified Industrials - - - 0.96%
 
Containers & Packaging - - - 0.25%
 
Paints & Coatings - - - 0.08%
 
Glass - - - 0.01%
 
Plastics - - - 0.00%
 
Electronic & Electrical Equipment - - 1.00% -
 
Electronic Equipment: Gauges & Meters - - - 0.40%
 
Electrical Components - - - 0.37%
 
Electronic Equipment: Control & Filter - - - 0.17%
 
Electronic Equipment: Other - - - 0.04%
 
Electronic Equipment: Pollution Control - - - 0.02%
 
Industrial Engineering - - 0.89% -
 
Machinery: Industrial - - - 0.48%
 
Machinery: Construction & Handling - - - 0.23%
 
Machinery: Agricultural - - - 0.07%
 
Machinery: Tools - - - 0.07%
 
Machinery: Engines - - - 0.03%
 
Machinery: Specialty - - - 0.02%
 
Aerospace & Defence - - 0.82% -
 
Defense - - - 0.45%
 
Aerospace - - - 0.37%
 
Construction & Materials - 1.12% - -
 
Construction & Materials - - 1.12% -
 
Cement - - - 0.39%
 
Building Materials: Other - - - 0.28%
 
Construction - - - 0.22%
 
Building: Climate Control - - - 0.11%
 
Engineering & Contracting Services - - - 0.07%
 
Building, Roofing/Wallboard & Plumbing - - - 0.05%
 
Consumer Discretionary 9.13% - - -
 
Consumer Products & Services - 2.65% - -
 
Personal Goods - - 0.95% -
 
Clothing & Accessories - - - 0.41%
 
Footwear - - - 0.23%
 
Cosmetics - - - 0.21%
 
Luxury Items - - - 0.10%
 
Household Goods & Home Construction - - 0.66% -
 
Home Construction - - - 0.51%
 
Household Equipment & Products - - - 0.11%
 
Household Appliance - - - 0.03%
 
Household Furnishings - - - 0.02%
 
Leisure Goods - - 0.52% -
 
Electronic Entertainment - - - 0.24%
 
Consumer Electronics - - - 0.17%
 
Toys - - - 0.07%
 
Recreational Products - - - 0.03%
 
Recreational Vehicles & Boats - - - 0.01%
 
Photography - - - 0.01%
 
Consumer Services - - 0.51% -
 
Vending & Catering Service - - - 0.30%
 
Consumer Services: Misc. - - - 0.20%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Funeral Parlors & Cemetery - - - 0.00%
 
Retail - 2.61% - -
 
Retailers - - 2.61% -
 
Diversified Retailers - - - 1.57%
 
Home Improvement Retailers - - - 0.44%
 
Apparel Retailers - - - 0.37%
 
Specialty Retailers - - - 0.23%
 
Travel & Leisure - 1.37% - -
 
Travel & Leisure - - 1.37% -
 
Casinos & Gambling - - - 0.49%
 
Restaurants & Bars - - - 0.39%
 
Travel & Tourism - - - 0.17%
 
Hotels & Motels - - - 0.16%
 
Airlines - - - 0.11%
 
Recreational Services - - - 0.05%
 
Media - 1.29% - -
 
Media - - 1.29% -
 
Publishing - - - 0.61%
 
Entertainment - - - 0.29%
 
Media Agencies - - - 0.25%
 
Radio & TV Broadcasters - - - 0.13%
 
Automobiles & Parts - 1.21% - -
 
Automobiles & Parts - - 1.21% -
 
Automobiles - - - 0.91%
 
Auto Parts - - - 0.20%
 
Tires - - - 0.10%
 
Auto Services - - - 0.00%
 
Health Care 8.49% - - -
 
Health Care - 8.49% - -
 
Pharmaceuticals & Biotechnology - - 6.25% -
 
Pharmaceuticals - - - 5.69%
 
Biotechnology - - - 0.55%
 
Cannabis Producers - - - 0.00%
 
Medical Equipment & Services - - 1.64% -
 
Medical Equipment - - - 1.14%
 
Medical Supplies - - - 0.46%
 
Medical Services - - - 0.04%
 
Health Care Providers - - 0.60% -
 
Health Care Management Services - - - 0.32%
 
Health Care Services - - - 0.18%
 
Health Care Facilities - - - 0.07%
 
Health Care: Misc. - - - 0.03%
 
Technology 8.20% - - -
 
Technology - 8.20% - -
 
Software & Computer Services - - 4.71% -
 
Software - - - 2.51%
 
Consumer Digital Services - - - 1.71%
 
Computer Services - - - 0.49%
 
Technology Hardware & Equipment - - 3.49% -
 
Computer Hardware - - - 1.65%
 
Semiconductors - - - 1.05%
 
Production Technology Equipment - - - 0.44%
 
Electronic Components - - - 0.29%
 
Electronic Office Equipment - - - 0.06%
 
Consumer Staples 7.30% - - -
 
Food, Beverage & Tobacco - 4.23% - -
 
Beverages - - 1.59% -
 
Distillers & Vintners - - - 1.00%
 
Soft Drinks - - - 0.39%
 
Brewers - - - 0.21%
 
Food Producers - - 1.37% -
 
Food Products - - - 1.30%
 
Farming, Fishing, Ranching & Plantations - - - 0.04%
 
Fruit & Grain Processing - - - 0.03%
 
Sugar - - - 0.00%
 
Tobacco - - 1.27% -
 
Tobacco - - - 1.27%
 
Personal Care, Drug & Grocery Stores - 3.06% - -
 
Personal Care, Drug & Grocery Stores - - 3.06% -
 
Personal Products - - - 1.35%
 
Food Retailers & Wholesalers - - - 0.88%
 
Nondurable Household Products - - - 0.72%
 
Drug Retailers - - - 0.12%
 
Basic Materials 4.11% - - -
 
Basic Resources - 2.83% - -
 
Industrial Metals & Mining - - 2.29% -
 
General Mining - - - 1.94%
 
Iron & Steel - - - 0.14%
 
Copper - - - 0.09%
 
Metal Fabricating - - - 0.09%
 
Nonferrous Metals - - - 0.02%
 
Aluminum - - - 0.01%
 
Precious Metals & Mining - - 0.32% -
 
Gold Mining - - - 0.31%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.22% -
 
Paper - - - 0.19%
 
Diversified Materials - - - 0.02%
 
Forestry - - - 0.02%
 
Textile Products - - - 0.00%
 
Chemicals - 1.27% - -
 
Chemicals - - 1.27% -
 
Chemicals: Diversified - - - 0.77%
 
Specialty Chemicals - - - 0.44%
 
Fertilizers - - - 0.04%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Non-Classified 2.95% - - -
 
Non-Classified - 0.34% - -
 
Non-Classified - - 0.34% -
 
Non-Classified - - - 0.34%
 
Energy 2.76% - - -
 
Energy - 2.76% - -
 
Non-Renewable Energy - - 2.68% -
 
Integrated Oil & Gas - - - 2.16%
 
Pipelines - - - 0.15%
 
Oil: Crude Producers - - - 0.15%
 
Oil Refining and Marketing - - - 0.14%
 
Oil Equipment & Services - - - 0.06%
 
Offshore Drilling & Other Services - - - 0.01%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.07% -
 
Renewable Energy Equipment - - - 0.07%
 
Real Estate 2.41% - - -
 
Real Estate - 2.41% - -
 
Real Estate Investment Trusts - - 1.76% -
 
Industrial REITs - - - 0.29%
 
Residential REITs - - - 0.24%
 
Diversified REITs - - - 0.24%
 
Office REITs - - - 0.22%
 
Retail REITs - - - 0.20%
 
Other Specialty REITs - - - 0.17%
 
Health Care REITs - - - 0.14%
 
Infrastructure REITs - - - 0.13%
 
Storage REITs - - - 0.09%
 
Hotel & Lodging REITs - - - 0.02%
 
Timber REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.65% -
 
Real Estate Holding and Development - - - 0.58%
 
Real Estate Services - - - 0.07%
 
Utilities 2.30% - - -
 
Utilities - 2.30% - -
 
Gas, Water & Multi-utilities - - 1.15% -
 
Multi-Utilities - - - 0.78%
 
Water - - - 0.28%
 
Gas Distribution - - - 0.09%
 
Electricity - - 1.09% -
 
Conventional Electricity - - - 1.03%
 
Alternative Electricity - - - 0.06%
 
Waste & Disposal Services - - 0.07% -
 
Waste & Disposal Services - - - 0.07%
 
Telecommunications 2.14% - - -
 
Telecommunications - 2.14% - -
 
Telecommunications Service Providers - - 1.85% -
 
Telecommunications Services - - - 1.63%
 
Cable Television Services - - - 0.22%
 
Telecommunications Equipment - - 0.29% -
 
Telecommunications Equipment - - - 0.29%
 
Alternative Trading Strategies 1.59% - - -
 
Alternative Trading Strategies - 1.59% - -
 
Alternative Trading Strategies - - 1.59% -
 
Alternative Trading Strategies - - - 1.59%
 
Cash and Equivalents 1.42% - - -

Regional Allocation

pie chart
  UK 33.85%
  North America 25.89%
  Developed Europe - Excl UK 19.42%
  Japan 8.23%
  Non-Classified 6.06%
  Australia & New Zealand 1.49%
  Other Regions 5.06%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 72.26%
  Pound Sterling 12.94%
  US Dollar 6.68%
  Euro 4.11%
  Yen 3.00%
  Cash 0.32%
  Other Currencies 0.68%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 33.85% -
 
United Kingdom - 33.86%
 
Jersey - 0.00%
 
North America 25.89% -
 
United States - 24.81%
 
Canada - 1.08%
 
Developed Europe - Excl UK 19.42% -
 
France - 4.06%
 
Germany - 3.38%
 
Switzerland - 2.66%
 
Netherlands - 1.90%
 
Italy - 1.54%
 
Spain - 1.30%
 
Ireland - 1.28%
 
Sweden - 1.01%
 
Denmark - 0.73%
 
Belgium - 0.56%
 
Finland - 0.40%
 
Luxembourg - 0.31%
 
Norway - 0.18%
 
Austria - 0.05%
 
Portugal - 0.04%
 
Japan 8.23% -
 
Japan - 8.23%
 
Non-Classified 6.06% -
 
Australia & New Zealand 1.49% -
 
Australia - 1.42%
 
New Zealand - 0.06%
 
New Caledonia - 0.01%
 
Cash and Equivalents 1.42% -
 
Emerging Asia 1.26% -
 
South Korea - 0.93%
 
China - 0.11%
 
Taiwan - 0.10%
 
India - 0.06%
 
Philippines - 0.02%
 
Thailand - 0.01%
 
Malaysia - 0.01%
 
Indonesia - 0.01%
 
Papua New Guinea - 0.00%
 
Pakistan - 0.00%
 
Property 1.14% -
 
Developed Asia 0.96% -
 
Hong Kong - 0.63%
 
Singapore - 0.33%
 
Middle East & Africa 0.11% -
 
Israel - 0.04%
 
South Africa - 0.03%
 
Saudi Arabia - 0.02%
 
United Arab Emirates - 0.01%
 
Qatar - 0.01%
 
Cote D'Ivoire - 0.00%
 
Egypt - 0.00%
 
Emerging Europe 0.10% -
 
Poland - 0.07%
 
Russian Federation - 0.02%
 
Turkey - 0.00%
 
Czech Republic - 0.00%
 
Hungary - 0.00%
 
Greece - 0.00%
 
South & Central America 0.07% -
 
Brazil - 0.03%
 
Mexico - 0.03%
 
Chile - 0.00%
 
Colombia - 0.00%
 
Peru - 0.00%
 
Argentina - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
40.68%
Large
 
 
15.91%
Medium
 
 
6.83%
Small
 
 
1.33%
Micro
 
 
0.21%
Non-Classified
 
 
6.19%
Bonds
 
 
27.42%
Cash
 
 
1.42%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
10.09%
5Yr - 10Yr Maturity
 
 
5.72%
10Yr - 15Yr Maturity
 
 
2.24%
> 15Yr Maturity
 
 
9.36%
Cash And Equivalents
 
 
1.42%
Unknown Maturity
 
 
2.59%
Other Asset Types
 
 
68.59%

Fixed Interest Quality Profile

AAA
 
 
8.16%
AA
 
 
10.86%
A
 
 
3.55%
BBB
 
 
2.20%
Sub-Investment Grade
 
 
0.04%
Unknown Quality
 
 
2.61%
Cash and Equivalents
 
 
1.42%
Other Asset Types
 
 
71.15%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 1.59% Pharmaceuticals & Biotechnology United Kingdom
2 APPLE INC 1.17% Technology Hardware & Equipment United States
3 GLAXOSMITHKLINE 1.02% Pharmaceuticals & Biotechnology United Kingdom
4 MICROSOFT CORP 0.98% Software & Computer Services United States
5 BRITISH AMERICAN TOBACCO 0.91% Tobacco United Kingdom
6 HSBC HLDGS 0.88% Banks United Kingdom
7 DIAGEO 0.87% Beverages United Kingdom
8 AMAZON.COM INC 0.83% Retailers United States
9 UNILEVER 0.74% Personal Care, Drug & Grocery Stores United Kingdom
10 RIO TINTO 0.72% Industrial Metals & Mining United Kingdom

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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 B08ZTK9
Mex Code PUACSR
Isin Code GB00B08ZTK91
Citi Code UO39

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 Aquila Life Consensus Fund - the underlying fund. Underlying Fund Objective: The investment strategy of the fund is to purchase units in the BlackRock Aquila Life Consensus Fund. The fund seeks to achieve a total return for investors. The fund invests across several asset classes. The fund may invest in equity or fixed income transferable securities, money-market instruments, deposits and cash and near cash. The fund will aim to have between 40-85% of its investment exposure in equity securities.
Benchmark Blackrock Aquila Consensus Custom (GR) Rebased GB
Sector ABI Specialist

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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

Medium Risk

These funds may invest in multi-asset strategies with a higher weighting in equities (or with significant derivative use), while funds investing mainly in property, high yield or government bonds (such as UK Gilts) are also in this category.

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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.