Legal & General European Index Trust I Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -6.5% | 31.1% | -0.5% | 12.6% | 10.4% |
| Sector | -7.2% | 35.5% | -2.6% | 10.9% | 9.3% |
| Rank | 46/127 | 95/129 | 56/135 | 44/142 | 64/143 |
| Quartile | 2 | 3 | 2 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 7.3% | 8.7% | 8.1% | |
| Sector | 5.7% | 8.2% | 7.8% | |
| Rank | 54/135 | 52/127 | 41/97 | |
| Quartile | 2 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NOVO NORDISK A/S | 4.44 |
| ASML HOLDING N.V. | 4.21 |
| NESTLE S.A. | 3.13 |
| VMH MOET HENNESSY LOUIS VUITTON | 2.46 |
| SAP SE | 2.37 |
| NOVARTIS AG | 2.19 |
| ROCHE HLDG AG | 1.98 |
| SIEMENS AKTIENGESELLSCHAFT | 1.57 |
| TOTAL SE | 1.55 |
| SCHNEIDER ELECTRIC SE | 1.33 |
| Total | 25.22 |
Fund Aims
The objective of this fund is to provide growth by tracking the performance of the FTSE World Europe ex UK Index. The fund will invest almost entirely in company shares. The fund's investments will closely match those that make up the Index. The Index consists of a broad spread of European company shares (excluding UK companies). The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk.
Fund Manager
The Index Fund Management Team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The Team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns
Fund Overview
| Mid (01/05/2024) | 647.80p |
| Historic yield | 2.40% |
| Fund size (31/03/2024) | £3803.65m |
| Number of holdings | 570 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.12% |
| Launch date | 01/08/2006 |
Asset Allocation
| International Equities | 96.26% | |
| Cash and Equivalents | 1.66% | |
| International Bonds | 0.66% | |
| Property | 0.26% | |
| UK Equities | 0.02% | |
| Other Assets | 1.14% |
Commentary
European equity markets posted a sharp year-end rally, with leading indices returning to levels that were last recorded prior to the collapse of Lehman Brothers in Autumn 2008. The rally was surprisingly broad-based, with equities in Spain, Portugal, Italy and Ireland gaining significant ground. Year-end momentum was attributed to heightened expectations of global economic recovery, with investors less worried about European contagion risk and US recession risk. Despite concerns that the manufacturing recovery would be lacklustre and short-lived, the reality has been very different. December’s batch of official data, in the form of a variety of survey-based indicators (NY Empire State, Philly Fed and the European Purchasing Managers Index), point to continued momentum in manufacturing activity. Encouragingly, euro-zone data has continued to be demonstrably resilient. The survey of European economic sentiment rose in December, while third-quarter preliminary GDP was unrevised at 1.9% year-on-year and the closely watched German IFO business climate index increased to a record high. At the sector level, cyclicals remained in favour, with steel, forestry/paper and mining all amongst the leaders. The top performing blue-chip stock was Italian auto manufacturer Fiat, which announced plans to separate its industrial holdings from the core car-making business. Austrian-listed OMV, central Europe’s largest oil company, was also amongst the leaders as the price of crude breached $90/barrel.
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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
| International Equities | 96.26% | |
| Cash and Equivalents | 1.66% | |
| International Bonds | 0.66% | |
| Property | 0.26% | |
| UK Equities | 0.02% | |
| Other Assets | 1.14% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 17.97% | - | - | - | |
| Banks | - | 8.59% | - | - | |
| Banks | - | - | 8.59% | - | |
| Banks | - | - | - | 8.59% | |
| Insurance | - | 5.95% | - | - | |
| Non-life Insurance | - | - | 5.31% | - | |
| Full Line Insurance | - | - | - | 3.65% | |
| Reinsurance | - | - | - | 1.43% | |
| Property & Casualty Insurance | - | - | - | 0.23% | |
| Life Insurance | - | - | 0.64% | - | |
| Life Insurance | - | - | - | 0.64% | |
| Financial Services | - | 3.43% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.41% | - | |
| Asset Managers & Custodians | - | - | - | 1.84% | |
| Diversified Financial Services | - | - | - | 1.06% | |
| Investment Services | - | - | - | 0.51% | |
| Finance & Credit Services | - | - | 0.02% | - | |
| Financial Data & Systems | - | - | - | 0.02% | |
| Industrials | 17.90% | - | - | - | |
| Industrial Goods & Services | - | 13.94% | - | - | |
| Electronic & Electrical Equipment | - | - | 3.06% | - | |
| Electrical Components | - | - | - | 2.67% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.34% | |
| Electronic Equipment: Other | - | - | - | 0.05% | |
| Aerospace & Defence | - | - | 2.94% | - | |
| Aerospace | - | - | - | 2.34% | |
| Defense | - | - | - | 0.60% | |
| Industrial Transportation | - | - | 2.36% | - | |
| Commercial Vehicles & Parts | - | - | - | 0.85% | |
| Transportation Services | - | - | - | 0.63% | |
| Delivery Services | - | - | - | 0.51% | |
| Marine Transportation | - | - | - | 0.26% | |
| Railroads | - | - | - | 0.07% | |
| Railroad Equipment | - | - | - | 0.06% | |
| Industrial Engineering | - | - | 2.26% | - | |
| Machinery: Construction & Handling | - | - | - | 1.06% | |
| Machinery: Industrial | - | - | - | 0.78% | |
| Machinery: Tools | - | - | - | 0.27% | |
| Machinery: Engines | - | - | - | 0.08% | |
| Machinery: Specialty | - | - | - | 0.06% | |
| Machinery: Agricultural | - | - | - | 0.01% | |
| General Industrials | - | - | 1.97% | - | |
| Diversified Industrials | - | - | - | 1.86% | |
| Containers & Packaging | - | - | - | 0.08% | |
| Glass | - | - | - | 0.02% | |
| Plastics | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 1.35% | - | |
| Transaction Processing Services | - | - | - | 0.81% | |
| Security Services | - | - | - | 0.22% | |
| Professional Business Support Services | - | - | - | 0.18% | |
| Business Training & Employment Agencies | - | - | - | 0.14% | |
| Construction & Materials | - | 3.97% | - | - | |
| Construction & Materials | - | - | 3.97% | - | |
| Building Materials: Other | - | - | - | 1.40% | |
| Construction | - | - | - | 1.39% | |
| Cement | - | - | - | 0.76% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.21% | |
| Building: Climate Control | - | - | - | 0.13% | |
| Engineering & Contracting Services | - | - | - | 0.08% | |
| Health Care | 15.36% | - | - | - | |
| Health Care | - | 15.36% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 12.29% | - | |
| Pharmaceuticals | - | - | - | 11.00% | |
| Biotechnology | - | - | - | 1.28% | |
| Medical Equipment & Services | - | - | 2.86% | - | |
| Medical Supplies | - | - | - | 1.83% | |
| Medical Equipment | - | - | - | 0.94% | |
| Medical Services | - | - | - | 0.09% | |
| Health Care Providers | - | - | 0.21% | - | |
| Health Care Services | - | - | - | 0.21% | |
| Health Care Facilities | - | - | - | 0.00% | |
| Consumer Discretionary | 12.71% | - | - | - | |
| Consumer Products & Services | - | 7.32% | - | - | |
| Personal Goods | - | - | 6.82% | - | |
| Clothing & Accessories | - | - | - | 4.02% | |
| Cosmetics | - | - | - | 1.21% | |
| Luxury Items | - | - | - | 1.14% | |
| Footwear | - | - | - | 0.46% | |
| Household Goods & Home Construction | - | - | 0.31% | - | |
| Household Equipment & Products | - | - | - | 0.30% | |
| Household Appliance | - | - | - | 0.01% | |
| Consumer Services | - | - | 0.18% | - | |
| Consumer Services: Misc. | - | - | - | 0.14% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.04% | |
| Leisure Goods | - | - | 0.01% | - | |
| Consumer Electronics | - | - | - | 0.01% | |
| Automobiles & Parts | - | 2.74% | - | - | |
| Automobiles & Parts | - | - | 2.74% | - | |
| Automobiles | - | - | - | 2.22% | |
| Tires | - | - | - | 0.34% | |
| Auto Parts | - | - | - | 0.12% | |
| Auto Services | - | - | - | 0.06% | |
| Media | - | 1.13% | - | - | |
| Media | - | - | 1.13% | - | |
| Publishing | - | - | - | 0.43% | |
| Radio & TV Broadcasters | - | - | - | 0.34% | |
| Media Agencies | - | - | - | 0.29% | |
| Entertainment | - | - | - | 0.06% | |
| Retail | - | 0.88% | - | - | |
| Retailers | - | - | 0.88% | - | |
| Apparel Retailers | - | - | - | 0.77% | |
| Specialty Retailers | - | - | - | 0.07% | |
| Diversified Retailers | - | - | - | 0.04% | |
| Travel & Leisure | - | 0.64% | - | - | |
| Travel & Leisure | - | - | 0.64% | - | |
| Casinos & Gambling | - | - | - | 0.34% | |
| Airlines | - | - | - | 0.12% | |
| Hotels & Motels | - | - | - | 0.10% | |
| Restaurants & Bars | - | - | - | 0.08% | |
| Technology | 10.21% | - | - | - | |
| Technology | - | 10.21% | - | - | |
| Technology Hardware & Equipment | - | - | 5.64% | - | |
| Production Technology Equipment | - | - | - | 4.53% | |
| Semiconductors | - | - | - | 0.96% | |
| Computer Hardware | - | - | - | 0.15% | |
| Software & Computer Services | - | - | 4.57% | - | |
| Software | - | - | - | 3.10% | |
| Computer Services | - | - | - | 0.79% | |
| Consumer Digital Services | - | - | - | 0.68% | |
| Consumer Staples | 7.06% | - | - | - | |
| Food, Beverage & Tobacco | - | 6.03% | - | - | |
| Food Producers | - | - | 4.31% | - | |
| Food Products | - | - | - | 4.22% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.09% | |
| Sugar | - | - | - | 0.00% | |
| Beverages | - | - | 1.73% | - | |
| Brewers | - | - | - | 1.24% | |
| Distillers & Vintners | - | - | - | 0.45% | |
| Soft Drinks | - | - | - | 0.04% | |
| Personal Care, Drug & Grocery Stores | - | 1.02% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.02% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.70% | |
| Personal Products | - | - | - | 0.33% | |
| Basic Materials | 4.39% | - | - | - | |
| Chemicals | - | 3.26% | - | - | |
| Chemicals | - | - | 3.26% | - | |
| Specialty Chemicals | - | - | - | 2.13% | |
| Chemicals: Diversified | - | - | - | 1.02% | |
| Fertilizers | - | - | - | 0.09% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.02% | |
| Basic Resources | - | 1.13% | - | - | |
| Industrial Metals & Mining | - | - | 0.61% | - | |
| Iron & Steel | - | - | - | 0.30% | |
| Metal Fabricating | - | - | - | 0.10% | |
| General Mining | - | - | - | 0.09% | |
| Aluminum | - | - | - | 0.08% | |
| Copper | - | - | - | 0.05% | |
| Industrial Materials | - | - | 0.51% | - | |
| Paper | - | - | - | 0.33% | |
| Forestry | - | - | - | 0.10% | |
| Diversified Materials | - | - | - | 0.07% | |
| Textile Products | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.01% | - | |
| Gold Mining | - | - | - | 0.01% | |
| Energy | 3.78% | - | - | - | |
| Energy | - | 3.78% | - | - | |
| Non-Renewable Energy | - | - | 3.35% | - | |
| Integrated Oil & Gas | - | - | - | 2.67% | |
| Oil Refining and Marketing | - | - | - | 0.31% | |
| Pipelines | - | - | - | 0.16% | |
| Oil Equipment & Services | - | - | - | 0.10% | |
| Oil: Crude Producers | - | - | - | 0.08% | |
| Offshore Drilling & Other Services | - | - | - | 0.03% | |
| Renewable Energy | - | - | 0.43% | - | |
| Renewable Energy Equipment | - | - | - | 0.43% | |
| Utilities | 3.65% | - | - | - | |
| Utilities | - | 3.65% | - | - | |
| Electricity | - | - | 2.34% | - | |
| Conventional Electricity | - | - | - | 1.94% | |
| Alternative Electricity | - | - | - | 0.39% | |
| Gas, Water & Multi-utilities | - | - | 1.32% | - | |
| Multi-Utilities | - | - | - | 1.02% | |
| Water | - | - | - | 0.23% | |
| Gas Distribution | - | - | - | 0.07% | |
| Telecommunications | 2.50% | - | - | - | |
| Telecommunications | - | 2.50% | - | - | |
| Telecommunications Service Providers | - | - | 2.12% | - | |
| Telecommunications Services | - | - | - | 2.12% | |
| Telecommunications Equipment | - | - | 0.38% | - | |
| Telecommunications Equipment | - | - | - | 0.38% | |
| Cash and Equivalents | 1.66% | - | - | - | |
| Non-Classified | 1.14% | - | - | - | |
| Non-Classified | - | 0.04% | - | - | |
| Non-Classified | - | - | 0.04% | - | |
| Non-Classified | - | - | - | 0.04% | |
| Real Estate | 1.01% | - | - | - | |
| Real Estate | - | 1.01% | - | - | |
| Real Estate Investment & Services | - | - | 0.66% | - | |
| Real Estate Holding and Development | - | - | - | 0.66% | |
| Real Estate Investment Trusts | - | - | 0.34% | - | |
| Retail REITs | - | - | - | 0.16% | |
| Office REITs | - | - | - | 0.09% | |
| Industrial REITs | - | - | - | 0.05% | |
| Diversified REITs | - | - | - | 0.04% | |
| Residential REITs | - | - | - | 0.01% | |
| Bonds | 0.66% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 92.28% | |
| Non-Classified | 3.67% | |
| Emerging Europe | 2.11% | |
| Cash and Equivalents | 1.66% | |
| Property | 0.26% | |
| UK | 0.02% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.68% | |
| Cash | 1.66% | |
| Euro | 0.25% | |
| Swedish Krona | 0.22% | |
| Swiss Franc | 0.13% | |
| Norwegian Krone | 0.05% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 92.28% | - | |
France
|
- | 19.10% | |
Switzerland
|
- | 17.22% | |
Germany
|
- | 14.93% | |
Netherlands
|
- | 12.67% | |
Denmark
|
- | 6.59% | |
Sweden
|
- | 6.29% | |
Spain
|
- | 4.95% | |
Italy
|
- | 4.31% | |
Finland
|
- | 1.86% | |
Belgium
|
- | 1.60% | |
Norway
|
- | 1.27% | |
Ireland
|
- | 0.54% | |
Austria
|
- | 0.40% | |
Luxembourg
|
- | 0.29% | |
Portugal
|
- | 0.27% | |
| Non-Classified | 3.67% | - | |
| Emerging Europe | 2.11% | - | |
Turkey
|
- | 0.86% | |
Greece
|
- | 0.46% | |
Poland
|
- | 0.46% | |
Hungary
|
- | 0.21% | |
Czech Republic
|
- | 0.11% | |
| Cash and Equivalents | 1.66% | - | |
| Property | 0.26% | - | |
| UK | 0.02% | - | |
United Kingdom
|
- | 0.02% | |
Breakdown By Market Cap (%)
| Mega |
|
66.04% |
| Large |
|
18.91% |
| Medium |
|
3.96% |
| Small |
|
0.20% |
| Micro |
|
0.07% |
| Non-Classified |
|
8.50% |
| Bonds |
|
0.66% |
| Cash |
|
1.66% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NOVO NORDISK A/S | 4.44% | Pharmaceuticals & Biotechnology | Denmark |
| 2 | ASML HOLDING N.V. | 4.21% | Technology Hardware & Equipment | Netherlands |
| 3 | NESTLE S.A. | 3.13% | Food Producers | Switzerland |
| 4 | VMH MOET HENNESSY LOUIS VUITTON | 2.46% | Personal Goods | France |
| 5 | SAP SE | 2.37% | Software & Computer Services | Germany |
| 6 | NOVARTIS AG | 2.19% | Pharmaceuticals & Biotechnology | Switzerland |
| 7 | ROCHE HLDG AG | 1.98% | Pharmaceuticals & Biotechnology | Switzerland |
| 8 | SIEMENS AKTIENGESELLSCHAFT | 1.57% | General Industrials | Germany |
| 9 | TOTAL SE | 1.55% | Non-Renewable Energy | France |
| 10 | SCHNEIDER ELECTRIC SE | 1.33% | Electronic & Electrical Equipment | France |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 10.21% | - | - | - | - | - | - | 10.21% |
| Telecommunications | - | 2.50% | - | 0.25% | - | - | - | - | 2.75% |
| Financials | 0.02% | 17.95% | - | 0.36% | - | - | - | - | 18.33% |
| Real Estate | - | 0.75% | - | - | - | 0.26% | - | - | 1.01% |
| Consumer Discretionary | - | 12.71% | - | - | - | - | 0.76% | - | 13.47% |
| Consumer Staples | - | 7.06% | - | 0.05% | - | - | 0.22% | - | 7.32% |
| Energy | - | 3.78% | - | - | - | - | - | - | 3.78% |
| Utilities | - | 3.65% | - | - | - | - | - | - | 3.65% |
| Health Care | - | 15.36% | - | - | - | - | - | - | 15.36% |
| Industrials | - | 17.90% | - | - | - | - | 0.10% | - | 18.01% |
| Basic Materials | - | 4.39% | - | - | - | - | 0.01% | - | 4.40% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.66% | 1.66% |
Important Information
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 | B0CNGR5 |
| Mex Code | LGETIA |
| Isin Code | GB00B0CNGR59 |
| Citi Code | L558 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.12% |
Aims and Benchmark
| Aims | The objective of this fund is to provide growth by tracking the performance of the FTSE World Europe ex UK Index. The fund will invest almost entirely in company shares. The fund's investments will closely match those that make up the Index. The Index consists of a broad spread of European company shares (excluding UK companies). The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk. |
| Benchmark | FTSE Europe ex UK |
| Benchmark Category | - |
| IA Sector | Europe Excluding UK |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 July | 30 September |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| 5.60% | - |
Fund Administration
| Fund Trustee/Depository | The Northern Trust Company |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Legal & General Unit Trust Managers Limited |
| Group address | Legal & General One Coleman Street London EC2R 5AA |
| Group telephone | 0370 050 0955 |
| Dealing telephone | - |
| investments@landg.com | |
| Homepage | www.lgim.com |
| Fax number | - |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £20000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges 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 | 2.19 |
| Beta | 0.95 |
| Sharpe | 0.30 |
| Standard Deviation | 12.73 |
| Info Ratio | 1.33 |
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 | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
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
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
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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.