Prudential Baillie Gifford UK Equity Core S3
Performance
Discrete performance - to latest available quarter end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -22.1% | 45.6% | -0.2% | -1.6% | 5.6% |
| Benchmark | -18.5% | 26.7% | 13.0% | 2.9% | 8.4% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 1 2024 |
3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
|
| Fund | 1.8% | 1.3% | 3.3% | 5.4% |
| Benchmark | 3.6% | 8.0% | 5.4% | 5.8% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 4.49 |
| BUNZL | 4.11 |
| RELX | 3.97 |
| RIO TINTO | 3.91 |
| LEGAL & GENERAL GROUP | 3.76 |
| DIAGEO | 3.51 |
| UNILEVER | 3.35 |
| MARKS & SPENCER GROUP P.L.C. | 3.28 |
| HOWDEN JOINERY GROUP | 3.22 |
| BABCOCK INTERNATIONAL GROUP | 3.08 |
| Total | 36.67 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Baillie Gifford UK Equity Core Fund - the underlying fund.
Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives.
Fund Manager
Iain is a founding member of the Global Stewardship Team and is the lead Iain is a founding member of the Global Stewardship Team and is the lead manager of our UK Core strategy. Most recently, Iain served as Chief of Investment Staff from 2013 to 2018 and became a Partner of the firm in 2005. He initially joined Baillie Gifford in 1994 and spent five years training as an Investment Manager in the US Equities Team before joining the UK Equity Team in 1999. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently trained as a Chartered Accountant.
Fund Overview
| Daily price (01/05/2024) | 413.79 |
| Fund size (31/03/2024) | £8.46m |
| Underlying Fund size | £227.87m |
| Number of holdings | 56 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 05/04/2004 |
Asset Allocation
| UK Equities | 99.01% | |
| Cash and Equivalents | 0.99% |
Commentary
Performance as at Q3 2023 - In terms of detractors, having no exposure to the large index constituents, Shell and BP, weighed on relative returns. In addition, holdings in St James’s Place and Prudential also lagged during the quarter.
Wealth manager, St. James’s Place, detracted during the period as its half year results disappointed the market. Specifically, gross inflows came in slightly below expectations at £8bn for the six months to the end of June as its clients contend with tougher economic conditions. Despite this, overall operational progress was resilient, as demonstrated by its ability to increase funds under management by 6% during the first half of the year to a record £157.5bn.
Prudential is a stock which has challenged the fund managers in recent years following a protracted exit from its UK and US divisions. With this now complete, the company is ready to focus on its crown jewel, the Asian life insurance business. A new CEO, Anil Wadhwani, has been brought in, from another life insurer with a large Asian franchise. Wadhwani recently set out his vision for the company and, to the fund managers relief, is not planning a radical change of strategic direction. Instead, there was a clear recognition on his part that Prudential has a terrific position across a number of countries but there are areas where operational performance can be improved by simply benchmarking against the best within the group.
Holdings in Marks and Spencer, Babcock International and Howden Joinery Group were helpful to relative performance.
M&S is undergoing a series of operational improvements, including a store rotation and renewal programme. Importantly consumer perceptions of M&S are also starting to change as illustrated to us directly, during a recent client meeting, where we dared to talk about the company in front of what turned out to be some discerning shoppers. Instead of derision for M&S, as might have been the case only a few years ago, we were met with grumbles that while they liked their clothes, it was hard to get some of them in store. That’s a turnaround growth story for you! Things are by no means perfect, but there is a large-scale opportunity to go after if management continue to revitalise the business.
In the case of Babcock, we have been impressed by the turnaround of the defence company led by a CEO David Lockwood and the Finance Director, David Mellors, who were recruited to sort out its problems having done so previously at another defence business. Management have sold a number of non-core businesses, strengthened the balance sheet and addressed the previously opaque cash flow practices that they inherited. Just as importantly they have started to improve the internal culture and rebuild relationships with some of the company’s biggest clients. The fund managers have used the proceeds from the closure of the BG British Smaller Companies Fund to add to your holding in Babcock.
Kitchen supplier, Howdens, announced an encouraging half-year trading update, reporting positive revenue growth against record comparatives. Its trade-only, in-stock model is hard to compete with and it is continuing to take market share whilst delivering industry-leading gross margins.
As a dedicated team of UK Equity investors, the fund managers have spent decades investing in their home market, seeking out exciting growth opportunities at a relatively early stage in order to generate value for our clients. Their investment philosophy has been tried and tested over many years and it is anchored around a core belief that share prices will follow fundamentals over the long term. Therefore, the fund managers try to identify companies that will deliver superior earnings growth and hold onto them long enough for their unique strengths to emerge as the dominant influence on share prices.
Source: Baillie Gifford
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. 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.
Asset Allocation
| UK Equities | 99.01% | |
| Cash and Equivalents | 0.99% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 30.52% | - | - | - | |
| Industrial Goods & Services | - | 27.26% | - | - | |
| Industrial Support Services | - | - | 9.71% | - | |
| Professional Business Support Services | - | - | - | 5.66% | |
| Business Training & Employment Agencies | - | - | - | 1.50% | |
| Transaction Processing Services | - | - | - | 1.41% | |
| Industrial Suppliers | - | - | - | 1.14% | |
| Aerospace & Defence | - | - | 4.33% | - | |
| Defense | - | - | - | 3.08% | |
| Aerospace | - | - | - | 1.25% | |
| General Industrials | - | - | 4.11% | - | |
| Diversified Industrials | - | - | - | 4.11% | |
| Industrial Engineering | - | - | 3.85% | - | |
| Machinery: Construction & Handling | - | - | - | 2.48% | |
| Machinery: Industrial | - | - | - | 1.37% | |
| Industrial Transportation | - | - | 2.99% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 2.83% | |
| Marine Transportation | - | - | - | 0.16% | |
| Electronic & Electrical Equipment | - | - | 2.27% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.27% | |
| Construction & Materials | - | 3.26% | - | - | |
| Construction & Materials | - | - | 3.26% | - | |
| Building Materials: Other | - | - | - | 2.42% | |
| Engineering & Contracting Services | - | - | - | 0.84% | |
| Financials | 22.33% | - | - | - | |
| Insurance | - | 13.02% | - | - | |
| Life Insurance | - | - | 8.79% | - | |
| Life Insurance | - | - | - | 8.79% | |
| Non-life Insurance | - | - | 4.23% | - | |
| Property & Casualty Insurance | - | - | - | 2.64% | |
| Full Line Insurance | - | - | - | 1.60% | |
| Financial Services | - | 6.43% | - | - | |
| Investment Banking & Brokerage Services | - | - | 6.43% | - | |
| Asset Managers & Custodians | - | - | - | 5.27% | |
| Investment Services | - | - | - | 1.16% | |
| Banks | - | 2.88% | - | - | |
| Banks | - | - | 2.88% | - | |
| Banks | - | - | - | 2.88% | |
| Consumer Discretionary | 16.21% | - | - | - | |
| Media | - | 6.42% | - | - | |
| Media | - | - | 6.42% | - | |
| Publishing | - | - | - | 3.97% | |
| Media Agencies | - | - | - | 2.45% | |
| Consumer Products & Services | - | 5.28% | - | - | |
| Household Goods & Home Construction | - | - | 2.77% | - | |
| Home Construction | - | - | - | 2.77% | |
| Personal Goods | - | - | 1.29% | - | |
| Clothing & Accessories | - | - | - | 1.29% | |
| Leisure Goods | - | - | 1.22% | - | |
| Toys | - | - | - | 1.22% | |
| Retail | - | 3.22% | - | - | |
| Retailers | - | - | 3.22% | - | |
| Home Improvement Retailers | - | - | - | 3.22% | |
| Travel & Leisure | - | 1.12% | - | - | |
| Travel & Leisure | - | - | 1.12% | - | |
| Travel & Tourism | - | - | - | 1.12% | |
| Automobiles & Parts | - | 0.17% | - | - | |
| Automobiles & Parts | - | - | 0.17% | - | |
| Auto Parts | - | - | - | 0.17% | |
| Consumer Staples | 11.54% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 8.03% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 8.03% | - | |
| Food Retailers & Wholesalers | - | - | - | 4.68% | |
| Personal Products | - | - | - | 3.35% | |
| Food, Beverage & Tobacco | - | 3.51% | - | - | |
| Beverages | - | - | 3.51% | - | |
| Distillers & Vintners | - | - | - | 3.51% | |
| Health Care | 7.65% | - | - | - | |
| Health Care | - | 7.65% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.65% | - | |
| Pharmaceuticals | - | - | - | 6.99% | |
| Biotechnology | - | - | - | 0.67% | |
| Basic Materials | 4.60% | - | - | - | |
| Basic Resources | - | 3.91% | - | - | |
| Industrial Metals & Mining | - | - | 3.91% | - | |
| General Mining | - | - | - | 3.91% | |
| Chemicals | - | 0.70% | - | - | |
| Chemicals | - | - | 0.70% | - | |
| Specialty Chemicals | - | - | - | 0.70% | |
| Technology | 3.52% | - | - | - | |
| Technology | - | 3.52% | - | - | |
| Software & Computer Services | - | - | 3.52% | - | |
| Consumer Digital Services | - | - | - | 3.04% | |
| Software | - | - | - | 0.48% | |
| Real Estate | 2.32% | - | - | - | |
| Real Estate | - | 2.32% | - | - | |
| Real Estate Investment & Services | - | - | 2.04% | - | |
| Real Estate Services | - | - | - | 2.04% | |
| Real Estate Investment Trusts | - | - | 0.28% | - | |
| Office REITs | - | - | - | 0.28% | |
| Cash and Equivalents | 0.99% | - | - | - | |
| Energy | 0.32% | - | - | - | |
| Energy | - | 0.32% | - | - | |
| Non-Renewable Energy | - | - | 0.32% | - | |
| Oil: Crude Producers | - | - | - | 0.32% | |
Regional Allocation
| UK | 99.01% | |
| Cash and Equivalents | 0.99% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 99.01% | - | |
United Kingdom
|
- | 99.01% | |
| Cash and Equivalents | 0.99% | - | |
Breakdown By Market Cap (%)
| Mega |
|
27.72% |
| Large |
|
24.00% |
| Medium |
|
39.34% |
| Small |
|
6.14% |
| Micro |
|
0.48% |
| Non-Classified |
|
1.34% |
| Cash |
|
0.99% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 4.49% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | BUNZL | 4.11% | General Industrials | United Kingdom |
| 3 | RELX | 3.97% | Media | United Kingdom |
| 4 | RIO TINTO | 3.91% | Industrial Metals & Mining | United Kingdom |
| 5 | LEGAL & GENERAL GROUP | 3.76% | Life Insurance | United Kingdom |
| 6 | DIAGEO | 3.51% | Beverages | United Kingdom |
| 7 | UNILEVER | 3.35% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 8 | MARKS & SPENCER GROUP P.L.C. | 3.28% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 9 | HOWDEN JOINERY GROUP | 3.22% | Retailers | United Kingdom |
| 10 | BABCOCK INTERNATIONAL GROUP | 3.08% | Aerospace & Defence | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 3.52% | - | - | - | - | - | - | - | 3.52% |
| Financials | 22.33% | - | - | - | - | - | - | - | 22.33% |
| Real Estate | 2.32% | - | - | - | - | - | - | - | 2.32% |
| Consumer Discretionary | 16.21% | - | - | - | - | - | - | - | 16.21% |
| Consumer Staples | 11.54% | - | - | - | - | - | - | - | 11.54% |
| Energy | 0.32% | - | - | - | - | - | - | - | 0.32% |
| Health Care | 7.65% | - | - | - | - | - | - | - | 7.65% |
| Industrials | 30.52% | - | - | - | - | - | - | - | 30.52% |
| Basic Materials | 4.60% | - | - | - | - | - | - | - | 4.60% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.99% | 0.99% |
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. 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.
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 | 3420188 |
| Mex Code | PUPAC |
| Isin Code | GB0034201888 |
| Citi Code | P552 |
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 Baillie Gifford UK Equity Core Fund - the underlying fund. Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives. |
| Benchmark | FTSE All-Share Index + 1% |
| ABI Sector | UK All Companies |
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. 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
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
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 2023. 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.