Prudential Invesco Global Targeted Returns S2
Performance
Discrete performance - to last month end
| 31/07/17 to 31/07/18 |
31/07/18 to 31/07/19 |
31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
|
|---|---|---|---|---|---|
| Fund | n/a | -3.6% | -1.3% | -2.4% | -7.6% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/22 |
5 Years to 31/07/22 |
10 Years to 31/07/22 |
||
| Fund | -3.8% | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MEX BONOS DESARR RT 8.500 MAY 31 29 | 5.50 |
| MEXICO(UTD MEX ST) 7.750 MAY 29 31 | 4.49 |
| Invesco Sterling Liquidity Agency Class | 3.81 |
| STH AFRICA(REP OF) 8.000 JAN 31 30 | 1.90 |
| STH AFRICA(REP OF) 8.250 MAR 31 32 | 1.66 |
| COMMONWEALTH BAN C/D 0.520 OCT 14 22 | 0.59 |
| CO-OPERATIVE BK HLDS NPV | 0.36 |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO. | 0.34 |
| TENCENT HLDGS LTD | 0.32 |
| TOTAL SE | 0.29 |
| Total | 19.26 |
Fund Aims
Objective: The investment strategy of the fund is to buy units in the Invesco Global Targeted Returns Fund (UK) - the underlying fund.
Underlying Fund :The fund aims to achieve a positive total return in all market conditions over a rolling 3 year period. The fund targets a gross return of 5% p.a. above UK 3 month SONIA (the Target Benchmark) and aims to achieve this with less than half the volatility (a measure of the size of short term changes in the value of an investment) of global equities as measured by the MSCI World Index GBP Hedged Net Total Return (the Constraining Benchmark), over the same rolling 3 year period.
Fund Manager
Sebastian Mackay joined Invesco in August 2016 and serves as a fund manager for the Multi Asset team. He began his career at Scottish Widows Investment Partnership in 2000, where he was a senior economist for the Fixed Interest team prior to joining the Aggregate Bonds team as an investment director. In 2011, Sebastian moved to Standard Life Investments, where he was an investment director for the Fixed Income team, before joining the Multi-Asset Investing team in 2014. Sebastian holds an MA (Hons) in Economics from the University of Edinburgh and an MSc in Financial Economics from the University of London, School of Oriental and African Studies
Georgina is a Fund Manager within the Henley Investment Centre's Multi Asset team. Georgina joined our company in June 2013 as a Product Director and then went on to become Research Director in 2016. Georgina commenced her career with HSBC in 2001 as an Equity Strategist. She went on to join the Equity Strategy team at Goldman Sachs in 2004 where she wrote global equity and asset allocation research. Georgina gained asset management experience at Legal & General Investment Management, contributing to the overall asset allocation outlook for the firm and multi asset funds. Before joining Invesco Georgina was head of Equity Strategy, EMEA, at State Street Global Markets, producing and presenting on asset allocation and equity research. Georgina holds a BSc (Hons) in Economics from the University of Bath.
Richard Batty joined the company in March 2013, and serves as a fund manager within the Multi Asset team. Previously, he had worked at Standard Life Investments since 2003 where he was the Global Investment Strategist in their Strategy team which is now part of Standard Life’s Multi Asset investment team, gaining additional responsibilities for Global Tactical Asset Allocation in 2012. Prior to joining Standard Life Investments, he began his investment career at James Capel/HSBC as an equity strategist in 1995. During this part of his career, Richard became a highly-rated, senior member of its industry renowned Economics and Strategy group. In 1994, he was awarded a PhD in Financial Economics from Brunel University, where he was a part-time research assistant and taught both graduate and undergraduate students.
Gwilym Satchell joined the company in March 2013, and serves as a Fund Manager and a Risk Manager for the Multi Asset team. Prior to this, he commenced his career in 2008 at Standard Life Investments, where he was involved in Multi Asset risk management, in particular the development of scenario analysis techniques. In addition, he was responsible for managing a range of liability-driven investment (LDI) funds. He graduated from Warwick University in 2005 with a degree in Computer Science, and gained a Master’s degree at the University of Edinburgh Business School in 2008. Gwilym also holds the Professional Risk Manager (PRM) designation which is an independent validation of skills and commitment to the highest standard of professionalism, integrity, and best practices within the risk management profession.
Fund Overview
| Bid (12/08/2022) | 83.20 |
| Offer (12/08/2022) | 87.50 |
| Fund size (30/06/2022) | £2.37m |
| Underlying Fund size | £843.84m |
| Number of holdings | 1282 |
| Launch date | 10/07/2018 |
Fund Charges
| Annual Management Charge (AMC) | 1.72% |
| Further Costs | 0.00% |
| Yearly Total | 1.72% |
Asset Allocation
| Alternative Trading Strategies | 31.76% | |
| International Bonds | 30.41% | |
| Cash and Equivalents | 13.91% | |
| International Equities | 10.49% | |
| UK Equities | 4.85% | |
| UK Corporate Bonds | 2.93% | |
| UK Gilts | 0.11% | |
| Property | 0.03% | |
| Other Assets | 5.49% |
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.
Asset Allocation
| Alternative Trading Strategies | 31.76% | |
| International Bonds | 30.41% | |
| Cash and Equivalents | 13.91% | |
| International Equities | 10.49% | |
| UK Equities | 4.85% | |
| UK Corporate Bonds | 2.93% | |
| UK Gilts | 0.11% | |
| Property | 0.03% | |
| Other Assets | 5.49% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 33.46% | - | - | - | |
| Alternative Trading Strategies | 31.76% | - | - | - | |
| Alternative Trading Strategies | - | 31.76% | - | - | |
| Alternative Trading Strategies | - | - | 31.76% | - | |
| Alternative Trading Strategies | - | - | - | 31.76% | |
| Cash and Equivalents | 13.91% | - | - | - | |
| Non-Classified | 5.98% | - | - | - | |
| Non-Classified | - | 3.96% | - | - | |
| Non-Classified | - | - | 3.96% | - | |
| Non-Classified | - | - | - | 3.96% | |
| Consumer Discretionary | 2.91% | - | - | - | |
| Retail | - | 0.94% | - | - | |
| Retailers | - | - | 0.94% | - | |
| Diversified Retailers | - | - | - | 0.81% | |
| Apparel Retailers | - | - | - | 0.09% | |
| Home Improvement Retailers | - | - | - | 0.03% | |
| Specialty Retailers | - | - | - | 0.01% | |
| Consumer Products & Services | - | 0.88% | - | - | |
| Household Goods & Home Construction | - | - | 0.36% | - | |
| Home Construction | - | - | - | 0.14% | |
| Household Furnishings | - | - | - | 0.12% | |
| Household Equipment & Products | - | - | - | 0.11% | |
| Leisure Goods | - | - | 0.26% | - | |
| Electronic Entertainment | - | - | - | 0.16% | |
| Photography | - | - | - | 0.10% | |
| Personal Goods | - | - | 0.15% | - | |
| Clothing & Accessories | - | - | - | 0.11% | |
| Cosmetics | - | - | - | 0.03% | |
| Footwear | - | - | - | 0.02% | |
| Consumer Services | - | - | 0.11% | - | |
| Vending & Catering Service | - | - | - | 0.06% | |
| Consumer Services: Misc. | - | - | - | 0.05% | |
| Education Services | - | - | - | 0.00% | |
| Automobiles & Parts | - | 0.50% | - | - | |
| Automobiles & Parts | - | - | 0.50% | - | |
| Automobiles | - | - | - | 0.28% | |
| Auto Parts | - | - | - | 0.21% | |
| Travel & Leisure | - | 0.32% | - | - | |
| Travel & Leisure | - | - | 0.32% | - | |
| Hotels & Motels | - | - | - | 0.10% | |
| Casinos & Gambling | - | - | - | 0.09% | |
| Travel & Tourism | - | - | - | 0.07% | |
| Airlines | - | - | - | 0.03% | |
| Restaurants & Bars | - | - | - | 0.03% | |
| Media | - | 0.27% | - | - | |
| Media | - | - | 0.27% | - | |
| Publishing | - | - | - | 0.18% | |
| Radio & TV Broadcasters | - | - | - | 0.06% | |
| Media Agencies | - | - | - | 0.03% | |
| Financials | 2.46% | - | - | - | |
| Banks | - | 1.20% | - | - | |
| Banks | - | - | 1.20% | - | |
| Banks | - | - | - | 1.20% | |
| Insurance | - | 0.99% | - | - | |
| Non-life Insurance | - | - | 0.52% | - | |
| Property & Casualty Insurance | - | - | - | 0.34% | |
| Full Line Insurance | - | - | - | 0.14% | |
| Reinsurance | - | - | - | 0.05% | |
| Life Insurance | - | - | 0.47% | - | |
| Life Insurance | - | - | - | 0.47% | |
| Financial Services | - | 0.27% | - | - | |
| Finance & Credit Services | - | - | 0.14% | - | |
| Mortgage Finance | - | - | - | 0.08% | |
| Consumer Lending | - | - | - | 0.05% | |
| Financial Data & Systems | - | - | - | 0.01% | |
| Investment Banking & Brokerage Services | - | - | 0.13% | - | |
| Asset Managers & Custodians | - | - | - | 0.10% | |
| Diversified Financial Services | - | - | - | 0.02% | |
| Investment Services | - | - | - | 0.02% | |
| Technology | 2.35% | - | - | - | |
| Technology | - | 2.35% | - | - | |
| Software & Computer Services | - | - | 1.31% | - | |
| Consumer Digital Services | - | - | - | 0.85% | |
| Software | - | - | - | 0.36% | |
| Computer Services | - | - | - | 0.09% | |
| Technology Hardware & Equipment | - | - | 1.04% | - | |
| Semiconductors | - | - | - | 0.59% | |
| Computer Hardware | - | - | - | 0.32% | |
| Electronic Components | - | - | - | 0.11% | |
| Production Technology Equipment | - | - | - | 0.02% | |
| Industrials | 1.82% | - | - | - | |
| Industrial Goods & Services | - | 1.51% | - | - | |
| General Industrials | - | - | 0.47% | - | |
| Diversified Industrials | - | - | - | 0.36% | |
| Plastics | - | - | - | 0.06% | |
| Containers & Packaging | - | - | - | 0.04% | |
| Industrial Support Services | - | - | 0.44% | - | |
| Transaction Processing Services | - | - | - | 0.20% | |
| Professional Business Support Services | - | - | - | 0.12% | |
| Industrial Suppliers | - | - | - | 0.10% | |
| Business Training & Employment Agencies | - | - | - | 0.02% | |
| Industrial Transportation | - | - | 0.28% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.07% | |
| Railroads | - | - | - | 0.07% | |
| Marine Transportation | - | - | - | 0.06% | |
| Delivery Services | - | - | - | 0.05% | |
| Trucking | - | - | - | 0.02% | |
| Aerospace & Defence | - | - | 0.24% | - | |
| Defense | - | - | - | 0.23% | |
| Aerospace | - | - | - | 0.01% | |
| Industrial Engineering | - | - | 0.08% | - | |
| Machinery: Tools | - | - | - | 0.04% | |
| Machinery: Industrial | - | - | - | 0.02% | |
| Machinery: Construction & Handling | - | - | - | 0.02% | |
| Construction & Materials | - | 0.30% | - | - | |
| Construction & Materials | - | - | 0.30% | - | |
| Cement | - | - | - | 0.11% | |
| Engineering & Contracting Services | - | - | - | 0.09% | |
| Building Materials: Other | - | - | - | 0.05% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.03% | |
| Construction | - | - | - | 0.03% | |
| Health Care | 1.19% | - | - | - | |
| Health Care | - | 1.19% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 0.86% | - | |
| Pharmaceuticals | - | - | - | 0.72% | |
| Biotechnology | - | - | - | 0.14% | |
| Medical Equipment & Services | - | - | 0.28% | - | |
| Medical Equipment | - | - | - | 0.27% | |
| Medical Supplies | - | - | - | 0.00% | |
| Health Care Providers | - | - | 0.05% | - | |
| Health Care Facilities | - | - | - | 0.05% | |
| Basic Materials | 1.04% | - | - | - | |
| Basic Resources | - | 0.95% | - | - | |
| Industrial Metals & Mining | - | - | 0.46% | - | |
| General Mining | - | - | - | 0.25% | |
| Iron & Steel | - | - | - | 0.12% | |
| Aluminum | - | - | - | 0.08% | |
| Precious Metals & Mining | - | - | 0.39% | - | |
| Gold Mining | - | - | - | 0.33% | |
| Diamonds & Gemstones | - | - | - | 0.05% | |
| Industrial Materials | - | - | 0.11% | - | |
| Paper | - | - | - | 0.11% | |
| Chemicals | - | 0.09% | - | - | |
| Chemicals | - | - | 0.09% | - | |
| Chemicals: Diversified | - | - | - | 0.05% | |
| Fertilizers | - | - | - | 0.04% | |
| Energy | 0.90% | - | - | - | |
| Energy | - | 0.90% | - | - | |
| Non-Renewable Energy | - | - | 0.71% | - | |
| Integrated Oil & Gas | - | - | - | 0.62% | |
| Oil Equipment & Services | - | - | - | 0.06% | |
| Oil Refining and Marketing | - | - | - | 0.03% | |
| Renewable Energy | - | - | 0.19% | - | |
| Renewable Energy Equipment | - | - | - | 0.19% | |
| Consumer Staples | 0.85% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.51% | - | - | |
| Food Producers | - | - | 0.25% | - | |
| Food Products | - | - | - | 0.25% | |
| Tobacco | - | - | 0.14% | - | |
| Tobacco | - | - | - | 0.14% | |
| Beverages | - | - | 0.13% | - | |
| Soft Drinks | - | - | - | 0.08% | |
| Brewers | - | - | - | 0.04% | |
| Personal Care, Drug & Grocery Stores | - | 0.33% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.33% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.18% | |
| Personal Products | - | - | - | 0.10% | |
| Nondurable Household Products | - | - | - | 0.05% | |
| Utilities | 0.78% | - | - | - | |
| Utilities | - | 0.78% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.43% | - | |
| Multi-Utilities | - | - | - | 0.24% | |
| Water | - | - | - | 0.18% | |
| Electricity | - | - | 0.32% | - | |
| Conventional Electricity | - | - | - | 0.28% | |
| Alternative Electricity | - | - | - | 0.05% | |
| Waste & Disposal Services | - | - | 0.03% | - | |
| Waste & Disposal Services | - | - | - | 0.03% | |
| Real Estate | 0.33% | - | - | - | |
| Real Estate | - | 0.33% | - | - | |
| Real Estate Investment & Services | - | - | 0.25% | - | |
| Real Estate Holding and Development | - | - | - | 0.25% | |
| Real Estate Investment Trusts | - | - | 0.08% | - | |
| Infrastructure REITs | - | - | - | 0.05% | |
| Retail REITs | - | - | - | 0.03% | |
| Telecommunications | 0.26% | - | - | - | |
| Telecommunications | - | 0.26% | - | - | |
| Telecommunications Service Providers | - | - | 0.23% | - | |
| Telecommunications Services | - | - | - | 0.23% | |
| Telecommunications Equipment | - | - | 0.03% | - | |
| Telecommunications Equipment | - | - | - | 0.03% | |
Regional Allocation
| Non-Classified | 37.47% | |
| Cash and Equivalents | 13.91% | |
| North America | 12.64% | |
| South & Central America | 10.57% | |
| UK | 7.90% | |
| Developed Europe - Excl UK | 7.37% | |
| Middle East & Africa | 3.77% | |
| Emerging Asia | 3.47% | |
| Developed Asia | 1.36% | |
| Other Regions | 1.55% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 52.63% | |
| Cash | 13.91% | |
| US Dollar | 13.60% | |
| Mexican Peso | 10.08% | |
| Rand | 3.66% | |
| Pound Sterling | 3.39% | |
| Other Currencies | 2.73% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 37.47% | - | |
| Cash and Equivalents | 13.91% | - | |
| North America | 12.64% | - | |
United States
|
- | 12.01% | |
Canada
|
- | 0.63% | |
| South & Central America | 10.57% | - | |
Mexico
|
- | 10.35% | |
Argentina
|
- | 0.07% | |
Brazil
|
- | 0.06% | |
Colombia
|
- | 0.04% | |
Panama
|
- | 0.04% | |
Chile
|
- | 0.01% | |
| UK | 7.90% | - | |
United Kingdom
|
- | 7.90% | |
| Developed Europe - Excl UK | 7.37% | - | |
France
|
- | 1.96% | |
Netherlands
|
- | 1.02% | |
Germany
|
- | 0.84% | |
Italy
|
- | 0.64% | |
Luxembourg
|
- | 0.63% | |
Spain
|
- | 0.61% | |
Denmark
|
- | 0.41% | |
Switzerland
|
- | 0.37% | |
Ireland
|
- | 0.33% | |
Finland
|
- | 0.18% | |
Portugal
|
- | 0.11% | |
Sweden
|
- | 0.10% | |
Norway
|
- | 0.08% | |
Belgium
|
- | 0.06% | |
Austria
|
- | 0.04% | |
| Middle East & Africa | 3.77% | - | |
South Africa
|
- | 3.68% | |
Nigeria
|
- | 0.06% | |
Israel
|
- | 0.03% | |
| Emerging Asia | 3.47% | - | |
China
|
- | 1.23% | |
South Korea
|
- | 0.71% | |
Taiwan
|
- | 0.71% | |
India
|
- | 0.39% | |
Indonesia
|
- | 0.23% | |
Thailand
|
- | 0.14% | |
Malaysia
|
- | 0.06% | |
| Developed Asia | 1.36% | - | |
Hong Kong
|
- | 1.16% | |
Singapore
|
- | 0.19% | |
| Australia & New Zealand | 1.11% | - | |
Australia
|
- | 1.09% | |
New Caledonia
|
- | 0.03% | |
| Emerging Europe | 0.23% | - | |
Greece
|
- | 0.23% | |
| Japan | 0.17% | - | |
Japan
|
- | 0.17% | |
| Property | 0.03% | - | |
Breakdown By Market Cap (%)
| Mega |
|
8.46% |
| Large |
|
3.60% |
| Medium |
|
1.36% |
| Small |
|
0.14% |
| Non-Classified |
|
39.08% |
| Bonds |
|
33.46% |
| Cash |
|
13.91% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
7.83% |
| 5Yr - 10Yr Maturity |
|
20.74% |
| 10Yr - 15Yr Maturity |
|
0.68% |
| > 15Yr Maturity |
|
4.20% |
| Cash And Equivalents |
|
13.91% |
| Unknown Maturity |
|
1.53% |
| Other Asset Types |
|
51.10% |
Fixed Interest Quality Profile
| AAA |
|
0.57% |
| AA |
|
0.45% |
| A |
|
2.44% |
| BBB |
|
13.67% |
| Sub-Investment Grade |
|
11.46% |
| Unknown Quality |
|
4.87% |
| Cash and Equivalents |
|
13.91% |
| Other Asset Types |
|
52.63% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MEX BONOS DESARR RT 8.500 MAY 31 29 | 5.50% | Bonds | Mexico |
| 2 | MEXICO(UTD MEX ST) 7.750 MAY 29 31 | 4.49% | Bonds | Mexico |
| 3 | Invesco Sterling Liquidity Agency Class | 3.81% | Managed Funds | Non-Classified |
| 4 | STH AFRICA(REP OF) 8.000 JAN 31 30 | 1.90% | Bonds | South Africa |
| 5 | STH AFRICA(REP OF) 8.250 MAR 31 32 | 1.66% | Bonds | South Africa |
| 6 | COMMONWEALTH BAN C/D 0.520 OCT 14 22 | 0.59% | Bonds | Australia |
| 7 | CO-OPERATIVE BK HLDS NPV | 0.36% | Non-Classified | United Kingdom |
| 8 | TAIWAN SEMICONDUCTOR MANUFACTURING CO. | 0.34% | Technology Hardware & Equipment | Taiwan |
| 9 | TENCENT HLDGS LTD | 0.32% | Software & Computer Services | Hong Kong |
| 10 | TOTAL SE | 0.29% | Non-Renewable Energy | France |
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 investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 | BDQYTN2 |
| Mex Code | PUCO |
| Isin Code | GB00BDQYTN27 |
| Citi Code | P9RS |
Fund Charges
| Annual Management Charge (AMC) | 1.72% |
| Further Costs | 0.00% |
| Yearly Total | 1.72% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to buy units in the Invesco Global Targeted Returns Fund (UK) - the underlying fund. Underlying Fund :The fund aims to achieve a positive total return in all market conditions over a rolling 3 year period. The fund targets a gross return of 5% p.a. above UK 3 month SONIA (the Target Benchmark) and aims to achieve this with less than half the volatility (a measure of the size of short term changes in the value of an investment) of global equities as measured by the MSCI World Index GBP Hedged Net Total Return (the Constraining Benchmark), over the same rolling 3 year period. |
| Benchmark | The Fund targets a gross return of 5% per annum above 3 month SONIA (ICE 3 month Term Sterling Overnight Index Average Reference Rate) over a rolling 3 year period. |
| Sector | ABI Specialist |
Ratings
| FE Crown |  |
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 investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -4.17 |
| Beta | 0.23 |
| Sharpe | 0.00 |
| Standard Deviation | 4.34 |
| Info Ratio | -0.65 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | Yes |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | Yes |
| Liquidity | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Geared Investments
The fund focuses on geared investments. Funds which focus on geared investments such as warrants or options carry a higher degree of risk than other equity investments because of the risk of the underlying investments. It is possible that the fund may suffer sudden and large falls in value so that the short fall on cancellation, or the loss of the realisation on the investment at any time after the investor has bought the contract, could be very high and could even equal the amount invested, in which case you would get nothing back.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
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 risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.