Prudential Baillie Gifford Diversified Growth 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 7.7% 8.9% 0.9% 5.7% 0.0%
Benchmark 4.0% 3.7% 4.0% 4.3% 3.9%

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 3.7% 2.2% 4.6% n/a
Benchmark 0.9% 4.1% 4.0% 4.0%

Top 10 Holdings

Stock % Weight
UBS CSI 500 NTR index + 8.25% 2.11
Citigroup Intraday Trend 1.70
GS CSI 500 NTR index + 10.5% 1.67
CS CSI 500 NTR index + 10.5% 1.67
DEUTSCHE WOHNEN SE 1.56
China 3.39% 16/03/2050 1.52
China 2.68% 21/05/2030 1.52
BNP Paribas Nickel ETN 1.48
Prytania Investment Advisors LLP Galene Class C 1.17
Tritax Big Box REIT Plc Tritax Big Box REIT Ord GBP0.01 1.15
Total 15.54

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Baillie Gifford Diversified Growth Fund - the underlying fund, a collective investment scheme managed by Baillie Gifford & Co Limited.

Underlying Fund Objective: The fund aims to achieve (after deduction of costs) an annualised return over rolling five-years periods that is at least 3.5% more than UK Base Rate- a positive return over rolling three-year periods- annualised volatility of returns over rolling five-year periods that is below 10% There is no guarantee that a positive return will be achieved over rolling three-year periods, or any time period, and capital may be at risk. The underlying (Baillie Gifford) fund will gain exposure to a wide range of asset classes.

The underlying fund is actively managed and the investment manager has the discretion to invest in any country or economic sector. At any one time, the underlying fund may be invested in any one or more of the following: shares, bonds, money market instruments, derivatives, currency forwards, deposits, cash and other transferable securities. This exposure may be achieved directly or indirectly via collective investment schemes (which may include those managed or operated by the Authorised Corporate Director (ACD) of the underlying fund.

The underlying fund may also invest indirectly in property, infrastructure, commodities, private equity, loans and insurance-linked securities. The collective investment schemes in which the fund invests may include those managed or operated by the ACD of the underlying fund. The underlying fund may, at any one time, obtain its diversification through investing up to 100% in collective investment schemes. The underlying fund may use derivatives for both investment purposes and in the management of risk.

Fund Manager

Scott Lothian manager of the underlying fund for 4 years and 11 months

Photo of Scott Lothian Scott graduated BSc in Actuarial Mathematics and Statistics from Heriot-Watt University in 1999; he is also a Fellow of the Institute of Actuaries. Prior to joining Baillie Gifford in 2015 he worked for Schroders in London, BEA Union in Hong Kong and Towers Watson. Scott is an Investment Manager in the Multi Asset Team.

Nicoleta Dumitru manager of the underlying fund for 0 years and 11 months

Photo of Nicoleta Dumitru Nicoleta joined Baillie Gifford in 2013 and is an Investment Manager in the Multi Asset Income Team. She graduated BSc (Hons) in Management and Marketing from the University of Manchester in 2013.

Felix Amoako manager of the underlying fund for 5 years and 5 months

Photo of Felix Amoako Felix graduated Bachelor of Commerce in Accounting from University of Cape Coast, Ghana in 2008 and MSc in Investment Analysis from Stirling University in 2010 and is a CFA Charterholder. Felix joined Baillie Gifford in 2011 and is an Investment Manager in the Multi Asset Team.

James Squires manager of the underlying fund for 5 years and 8 months

Photo of James Squires James graduated BA in Mathematics and Philosophy from Oxford University in 2005. He joined Baillie Gifford in 2006, initially working in our North American Equity and Fixed Income Teams. He is now an Investment Manager in the Multi Asset Team. James is a member of the Investment Risk Committee and has been a CFA Charterholder since 2010.

David McIntyre manager of the underlying fund for 5 years and 8 months

Photo of David McIntyre David graduated BA in History and Politics from Oxford University in 2004. He previously worked for KPMG and in 2007 qualified as a Chartered Accountant. David joined Baillie Gifford in 2008 and worked in the Fixed Income and European Equity Teams. He is now an Investment Manager in the Multi Asset Team.

Fund Overview

Daily price (27/11/2020) 159.70
Fund size (30/09/2020) £39.01m
Underlying Fund size £6101.78m
Number of holdings 1166
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 22/08/2011

Asset Allocation

pie chart
  International Equities 31.42%
  International Bonds 21.63%
  Alternative Trading Strategies 10.48%
  Investment Trusts 8.93%
  Commodities 8.72%
  UK Equities 5.33%
  Other Assets 13.49%

Performance comment

Performance as at Q2 2020 - In the quarter to 30 June, the Diversified Growth Fund outperformed its benchmark. While the longer-term numbers are still feeling the effects of the very difficult start to 2020, a positive short-term number is encouraging. The recent recovery in asset prices has been extensive, and although prices have not yet returned to those same levels seen prior to the declines in Q1, the majority of the asset classes in which the fund manager invests have benefitted.

Despite the sharp contraction in global activity, markets rallied strongly during Q2 2020, aided in large part by unprecedented levels of central bank and government stimulus. The best performing asset classes over the period were those more economically-sensitive ones – with listed equities, commodities (in particular the fund managers exposure to gold) and property the top three contributors. Most other asset classes also delivered positive contributions, with only two asset classes detracting in any meaningful way – absolute return and active currency.

Steps towards containment of COVID-19 are moving quickly, but its spread remains worrying and a widely-available vaccine is still many months away, at best. As well as COVID-19, the upcoming US elections, weakening in US-China relations, and ongoing Brexit negotiations all create further uncertainty in the risk outlook. While the fund manager remains cautious in the near-term, they expect growth to recover in 2021 and beyond. A smooth path to global recovery is unlikely and volatility in most asset classes remains elevated. Beyond the short-term, a broadly positive outlook tempered by several potentially meaningful risks. A continuation of stimulative monetary and fiscal policy, together with low energy prices, should be supportive for asset prices. The fund management team has been adding to risk assets, taking advantage of opportunities arising from dislocation, whilst also enhancing the portfolios’ resilience. The fund management team added to exciting opportunities in infrastructure, property, commodities, and listed equities. The fund manager has reduced exposure to emerging market local currency bonds and to funds held within their absolute return asset class. The fund management team maintain well-diversified portfolios with investment across a broad range of asset classes. Source: Baillie Gifford

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 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 31.42%
  International Bonds 21.63%
  Alternative Trading Strategies 10.48%
  Investment Trusts 8.93%
  Commodities 8.72%
  UK Equities 5.33%
  Other Assets 13.49%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 22.49% - - -
 
Financials 11.97% - - -
 
Financial Services - 10.99% - -
 
Equity Investment Instruments - - 8.93% -
 
Equity Investment Instruments - - - 8.93%
 
Investment Banking & Brokerage Services - - 1.79% -
 
Diversified Financial Services - - - 0.94%
 
Investment Services - - - 0.55%
 
Asset Managers & Custodians - - - 0.30%
 
Finance & Credit Services - - 0.27% -
 
Financial Data & Systems - - - 0.16%
 
Mortgage Finance - - - 0.09%
 
Consumer Lending - - - 0.02%
 
Insurance - 0.76% - -
 
Non-life Insurance - - 0.42% -
 
Property & Casualty Insurance - - - 0.42%
 
Reinsurance - - - 0.00%
 
Life Insurance - - 0.34% -
 
Life Insurance - - - 0.34%
 
Banks - 0.23% - -
 
Banks - - 0.23% -
 
Banks - - - 0.23%
 
Alternative Trading Strategies 10.48% - - -
 
Alternative Trading Strategies - 10.48% - -
 
Alternative Trading Strategies - - 10.48% -
 
Alternative Trading Strategies - - - 10.48%
 
Utilities 9.79% - - -
 
Utilities - 9.79% - -
 
Electricity - - 7.18% -
 
Conventional Electricity - - - 5.43%
 
Alternative Electricity - - - 1.76%
 
Gas, Water & Multi-utilities - - 2.58% -
 
Multi-Utilities - - - 1.80%
 
Gas Distribution - - - 0.79%
 
Waste & Disposal Services - - 0.03% -
 
Waste & Disposal Services - - - 0.03%
 
Real Estate 9.17% - - -
 
Real Estate - 9.17% - -
 
Real Estate Investment Trusts - - 5.46% -
 
Diversified REITs - - - 1.92%
 
Office REITs - - - 1.27%
 
Other Specialty REITs - - - 1.15%
 
Industrial REITs - - - 0.71%
 
Health Care REITs - - - 0.41%
 
Real Estate Investment & Services - - 3.70% -
 
Real Estate Holding and Development - - - 3.55%
 
Real Estate Services - - - 0.16%
 
Non-Classified 9.02% - - -
 
Non-Classified - 3.53% - -
 
Non-Classified - - 3.53% -
 
Non-Classified - - - 3.53%
 
Commodities 8.72% - - -
 
Commodities - 8.72% - -
 
Commodities - - 8.72% -
 
Commodities - - - 8.72%
 
Consumer Discretionary 4.84% - - -
 
Retail - 1.68% - -
 
Retailers - - 1.68% -
 
Diversified Retailers - - - 1.15%
 
Apparel Retailers - - - 0.32%
 
Specialty Retailers - - - 0.14%
 
Home Improvement Retailers - - - 0.08%
 
Consumer Products & Services - 1.41% - -
 
Consumer Services - - 0.53% -
 
Consumer Services: Misc. - - - 0.34%
 
Education Services - - - 0.15%
 
Funeral Parlors & Cemetery - - - 0.04%
 
Personal Goods - - 0.38% -
 
Footwear - - - 0.15%
 
Cosmetics - - - 0.13%
 
Clothing & Accessories - - - 0.07%
 
Luxury Items - - - 0.03%
 
Leisure Goods - - 0.33% -
 
Electronic Entertainment - - - 0.21%
 
Consumer Electronics - - - 0.13%
 
Household Goods & Home Construction - - 0.17% -
 
Household Furnishings - - - 0.09%
 
Household Equipment & Products - - - 0.04%
 
Home Construction - - - 0.04%
 
Automobiles & Parts - 0.76% - -
 
Automobiles & Parts - - 0.76% -
 
Automobiles - - - 0.71%
 
Auto Parts - - - 0.05%
 
Media - 0.61% - -
 
Media - - 0.61% -
 
Entertainment - - - 0.21%
 
Radio & TV Broadcasters - - - 0.14%
 
Publishing - - - 0.13%
 
Media Agencies - - - 0.13%
 
Travel & Leisure - 0.38% - -
 
Travel & Leisure - - 0.38% -
 
Recreational Services - - - 0.15%
 
Airlines - - - 0.09%
 
Restaurants & Bars - - - 0.08%
 
Travel & Tourism - - - 0.05%
 
Casinos & Gambling - - - 0.01%
 
Technology 4.54% - - -
 
Technology - 4.54% - -
 
Software & Computer Services - - 3.50% -
 
Consumer Digital Services - - - 2.26%
 
Software - - - 0.97%
 
Computer Services - - - 0.27%
 
Technology Hardware & Equipment - - 1.04% -
 
Semiconductors - - - 0.52%
 
Production Technology Equipment - - - 0.23%
 
Electronic Components - - - 0.18%
 
Computer Hardware - - - 0.10%
 
Cash and Equivalents 2.72% - - -
 
Industrials 2.43% - - -
 
Industrial Goods & Services - 2.17% - -
 
Industrial Engineering - - 0.70% -
 
Machinery: Industrial - - - 0.36%
 
Machinery: Construction & Handling - - - 0.17%
 
Machinery: Agricultural - - - 0.08%
 
Machinery: Tools - - - 0.08%
 
Industrial Support Services - - 0.55% -
 
Transaction Processing Services - - - 0.34%
 
Business Training & Employment Agencies - - - 0.10%
 
Professional Business Support Services - - - 0.08%
 
Industrial Suppliers - - - 0.03%
 
Industrial Transportation - - 0.55% -
 
Delivery Services - - - 0.18%
 
Trucking - - - 0.12%
 
Transportation Services - - - 0.11%
 
Marine Transportation - - - 0.06%
 
Commercial Vehicle-Equipment Leasing - - - 0.06%
 
Railroad Equipment - - - 0.02%
 
Electronic & Electrical Equipment - - 0.24% -
 
Electronic Equipment: Gauges & Meters - - - 0.15%
 
Electrical Components - - - 0.09%
 
General Industrials - - 0.09% -
 
Diversified Industrials - - - 0.09%
 
Aerospace & Defence - - 0.04% -
 
Defense - - - 0.03%
 
Aerospace - - - 0.01%
 
Construction & Materials - 0.26% - -
 
Construction & Materials - - 0.26% -
 
Building Materials: Other - - - 0.20%
 
Cement - - - 0.06%
 
Health Care 1.89% - - -
 
Health Care - 1.89% - -
 
Medical Equipment & Services - - 0.96% -
 
Medical Equipment - - - 0.96%
 
Pharmaceuticals & Biotechnology - - 0.59% -
 
Pharmaceuticals - - - 0.36%
 
Biotechnology - - - 0.23%
 
Health Care Providers - - 0.33% -
 
Health Care Services - - - 0.24%
 
Health Care Management Services - - - 0.09%
 
Consumer Staples 1.05% - - -
 
Food, Beverage & Tobacco - 0.68% - -
 
Beverages - - 0.36% -
 
Soft Drinks - - - 0.25%
 
Distillers & Vintners - - - 0.12%
 
Food Producers - - 0.27% -
 
Food Products - - - 0.27%
 
Tobacco - - 0.05% -
 
Tobacco - - - 0.05%
 
Personal Care, Drug & Grocery Stores - 0.37% - -
 
Personal Care, Drug & Grocery Stores - - 0.37% -
 
Personal Products - - - 0.32%
 
Drug Retailers - - - 0.04%
 
Basic Materials 0.42% - - -
 
Basic Resources - 0.32% - -
 
Industrial Metals & Mining - - 0.32% -
 
General Mining - - - 0.15%
 
Metal Fabricating - - - 0.14%
 
Nonferrous Metals - - - 0.03%
 
Chemicals - 0.10% - -
 
Chemicals - - 0.10% -
 
Chemicals: Diversified - - - 0.10%
 
Telecommunications 0.36% - - -
 
Telecommunications - 0.36% - -
 
Telecommunications Service Providers - - 0.31% -
 
Telecommunications Services - - - 0.31%
 
Telecommunications Equipment - - 0.05% -
 
Telecommunications Equipment - - - 0.05%
 
Energy 0.12% - - -
 
Energy - 0.12% - -
 
Non-Renewable Energy - - 0.12% -
 
Oil Refining and Marketing - - - 0.07%
 
Oil: Crude Producers - - - 0.06%

Regional Allocation

pie chart
  Non-Classified 22.69%
  North America 18.25%
  Developed Europe - Excl UK 15.68%
  UK 8.73%
  Commodities 8.72%
  Emerging Asia 6.21%
  Other Regions 19.72%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 74.79%
  US Dollar 9.81%
  Euro 3.16%
  Yuan Renminbi 3.14%
  Cash 2.72%
  Australian Dollar 2.21%
  Other Currencies 4.17%

Regional Breakdown

Expand allCollapse all
Region Country
 
Non-Classified 22.69% -
 
North America 18.25% -
 
United States - 16.89%
 
Canada - 1.25%
 
Bermuda - 0.11%
 
Developed Europe - Excl UK 15.68% -
 
Germany - 4.23%
 
Netherlands - 2.14%
 
Italy - 2.07%
 
Ireland - 1.67%
 
Spain - 1.63%
 
France - 1.45%
 
Denmark - 0.65%
 
Luxembourg - 0.47%
 
Switzerland - 0.47%
 
Belgium - 0.40%
 
Sweden - 0.32%
 
Norway - 0.13%
 
Portugal - 0.06%
 
UK 8.73% -
 
United Kingdom - 8.70%
 
Jersey - 0.02%
 
Commodities 8.72% -
 
Emerging Asia 6.21% -
 
China - 3.38%
 
Thailand - 0.89%
 
Indonesia - 0.65%
 
Taiwan - 0.25%
 
South Korea - 0.24%
 
India - 0.17%
 
Uzbekistan - 0.17%
 
Mongolia - 0.17%
 
Azerbaijan - 0.16%
 
Tajikistan - 0.10%
 
Malaysia - 0.02%
 
Japan 3.58% -
 
Japan - 3.58%
 
Property 3.05% -
 
Cash and Equivalents 2.72% -
 
Australia & New Zealand 2.47% -
 
Australia - 2.47%
 
South & Central America 2.14% -
 
Brazil - 0.51%
 
Mexico - 0.44%
 
Dominican Republic - 0.32%
 
Uruguay - 0.21%
 
Peru - 0.17%
 
Colombia - 0.15%
 
Ecuador - 0.09%
 
Costa Rica - 0.07%
 
Chile - 0.07%
 
Panama - 0.05%
 
Argentina - 0.04%
 
Puerto Rico - 0.02%
 
Emerging Europe 1.84% -
 
Russian Federation - 0.39%
 
Poland - 0.29%
 
Romania - 0.29%
 
Ukraine - 0.21%
 
Hungary - 0.17%
 
Turkey - 0.17%
 
Macedonia, The Former Yugoslav Republic Of - 0.11%
 
Albania - 0.11%
 
Belarus - 0.04%
 
Czech Republic - 0.03%
 
Serbia - 0.02%
 
Middle East & Africa 1.47% -
 
South Africa - 0.28%
 
Qatar - 0.24%
 
Egypt - 0.23%
 
Morocco - 0.22%
 
Cote D'Ivoire - 0.21%
 
Ghana - 0.13%
 
Angola - 0.07%
 
Oman - 0.06%
 
Cameroon - 0.04%
 
Developed Asia 1.27% -
 
Hong Kong - 1.15%
 
Singapore - 0.12%
 
Alternative Trading Strategies 1.17% -

Breakdown By Market Cap (%)

Mega
 
 
13.18%
Large
 
 
10.67%
Medium
 
 
7.45%
Small
 
 
2.80%
Micro
 
 
1.10%
Non-Classified
 
 
39.59%
Bonds
 
 
22.49%
Cash
 
 
2.72%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
3.23%
5Yr - 10Yr Maturity
 
 
10.29%
10Yr - 15Yr Maturity
 
 
1.78%
> 15Yr Maturity
 
 
6.55%
Cash And Equivalents
 
 
2.72%
Unknown Maturity
 
 
13.68%
Other Asset Types
 
 
61.75%

Fixed Interest Quality Profile

AAA
 
 
4.89%
AA
 
 
0.14%
A
 
 
0.57%
BBB
 
 
2.93%
Sub-Investment Grade
 
 
4.54%
Unknown Quality
 
 
8.79%
Cash and Equivalents
 
 
2.72%
Other Asset Types
 
 
75.43%

Top 10 Holdings

Stock % Weight Sector Country
1 UBS CSI 500 NTR index + 8.25% 2.11% Non-Classified United Kingdom
2 Citigroup Intraday Trend 1.70% Non-Classified Non-Classified
3 GS CSI 500 NTR index + 10.5% 1.67% Non-Classified Non-Classified
4 CS CSI 500 NTR index + 10.5% 1.67% Non-Classified Non-Classified
5 DEUTSCHE WOHNEN SE 1.56% Real Estate Investment & Services Germany
6 China 3.39% 16/03/2050 1.52% Bonds China
7 China 2.68% 21/05/2030 1.52% Bonds China
8 BNP Paribas Nickel ETN 1.48% Non-Classified Non-Classified
9 Prytania Investment Advisors LLP Galene Class C 1.17% Non-Classified Alternative Trading Strategies
10 Tritax Big Box REIT Plc Tritax Big Box REIT Ord GBP0.01 1.15% Real Estate Investment Trusts 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.

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 B4W5196
Mex Code PUDIVE
Isin Code GB00B4W51962
Citi Code 08K4

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 Diversified Growth Fund - the underlying fund, a collective investment scheme managed by Baillie Gifford & Co Limited. Underlying Fund Objective: The fund aims to achieve (after deduction of costs) an annualised return over rolling five-years periods that is at least 3.5% more than UK Base Rate- a positive return over rolling three-year periods- annualised volatility of returns over rolling five-year periods that is below 10% There is no guarantee that a positive return will be achieved over rolling three-year periods, or any time period, and capital may be at risk. The underlying (Baillie Gifford) fund will gain exposure to a wide range of asset classes. The underlying fund is actively managed and the investment manager has the discretion to invest in any country or economic sector. At any one time, the underlying fund may be invested in any one or more of the following: shares, bonds, money market instruments, derivatives, currency forwards, deposits, cash and other transferable securities. This exposure may be achieved directly or indirectly via collective investment schemes (which may include those managed or operated by the Authorised Corporate Director (ACD) of the underlying fund. The underlying fund may also invest indirectly in property, infrastructure, commodities, private equity, loans and insurance-linked securities. The collective investment schemes in which the fund invests may include those managed or operated by the ACD of the underlying fund. The underlying fund may, at any one time, obtain its diversification through investing up to 100% in collective investment schemes. The underlying fund may use derivatives for both investment purposes and in the management of risk.
Benchmark UK base rate + 3.5% (Target Return)
ABI Sector 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.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.

We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.

You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.

  • Higher Risk
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

Lower to Medium Risk

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

Help

Important Information

This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

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 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.