Prudential Asia Pacific (ex-Japan) Equity Index S3

Essentials Portfolio Analysis Background Data Investment Risk Prudential Risk Performance View PDF Factsheet
Portfolio data accurate as at:

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 -14.7% 53.1% 4.4% -5.0% 5.9%
Benchmark -14.1% 53.2% 5.3% -4.1% 9.2%

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 2.7% 1.7% 6.5% 7.9%
Benchmark 3.5% 3.3% 7.7% 8.6%

Top 10 Holdings

Stock % Weight
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 9.13
SAMSUNG ELECTRONICS CO. LTD 6.40
BHP GROUP LIMITED 2.53
CSL LTD 2.43
WESTPAC BANKING CORPORATION 2.27
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 2.24
AIA GROUP LIMITED 2.01
COMMONWEALTH BANK OF AUSTRALIA 1.99
DBS GROUP HOLDINGS LTD 1.97
SK HYNIX INC 1.90
Total 32.84

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP Asia Pacific (ex Japan) Equity Index Fund - the underlying fund.

Underlying fund objective: The fund gains its exposure via the M&G Funds (1) BlackRock Asia Pacific (ex Japan) Equity fund. The underlying fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE World Asia Pacific ex Japan Index.

Within the index-relative limits, the Investment Manager uses a structured and systematic, bottom up stock selection process to build a portfolio with similar risk-return characteristics as the index in order to meet the fund's investment objectives. In addition to the fund's objective, the Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Investment Manager's ESG research framework and underweighting the securities which score less well.

Performance Objective: The fund aims to provide a total return (i.e. capital growth plus income), gross of the Ongoing Charges Figure, over any three year period.

Fund Manager

Richard O'Connor manager of the underlying fund for 18 years and 10 months

Photo of Richard O'Connor Richard O’Connor joined Prudential Group in July 2002 and is an index fund manager with responsibility for some 15 funds. He is also fund manager of the M&G Global Real Estate Securities Fund. He joined the business from Goldman Sachs where he worked as a consultant to the fixed income derivatives department. Prior to this, he was with Standard Corporate & Merchant Bank Asset Management (South Africa) in a research analyst role, which he held for more than three years. Richard graduated with an honours degree in investment management from Rand Afrikaans University and a bachelor of commerce degree from the University of Natal.

Fund Overview

Daily price (23/05/2024) 664.00
Fund size (30/04/2024) £5.27m
Underlying Fund size £5.52m
Number of holdings 330
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 31/03/2004

Asset Allocation

pie chart
  International Equities 93.00%
  Property 2.56%
  Cash and Equivalents 1.71%
  Other Assets 2.74%

Commentary

Performance as at Q1 2024 - Asia Pacific ex Japan lagged the FTSE World Index in the first quarter of 2024, which was largely due to the poor performance of China and Hong Kong. The region’s largest stockmarket, China, got off to a shaky start to the quarter as investors continued to fret about weakness radiating from its property sector. Another notable laggard was Thailand – the country’s bank shares were out of favour as sentiment was dented by the prospect that net interest margins might have peaked. Better-performing markets included Taiwan, South Korea and India. All three markets have significant technology exposure (particularly the first two) and benefited from the strength of this sector. South Korea’s market was also boosted by the proposed introduction of measures to boost shareholder returns. India’s stockmarket reached a record high during the quarter as economic growth in the final three months of 2023 came in much stronger than expected.

Source: M&G

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: 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 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 intended for the advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 93.00%
  Property 2.56%
  Cash and Equivalents 1.71%
  Other Assets 2.74%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 23.83% - - -
 
Technology - 23.83% - -
 
Technology Hardware & Equipment - - 21.92% -
 
Semiconductors - - - 15.97%
 
Computer Hardware - - - 2.43%
 
Electronic Components - - - 2.43%
 
Production Technology Equipment - - - 1.10%
 
Software & Computer Services - - 1.91% -
 
Consumer Digital Services - - - 1.26%
 
Software - - - 0.37%
 
Computer Services - - - 0.28%
 
Financials 22.58% - - -
 
Banks - 14.64% - -
 
Banks - - 14.64% -
 
Banks - - - 14.64%
 
Insurance - 4.49% - -
 
Life Insurance - - 3.24% -
 
Life Insurance - - - 3.24%
 
Non-life Insurance - - 1.25% -
 
Property & Casualty Insurance - - - 1.01%
 
Full Line Insurance - - - 0.24%
 
Financial Services - 3.44% - -
 
Investment Banking & Brokerage Services - - 3.29% -
 
Investment Services - - - 3.00%
 
Asset Managers & Custodians - - - 0.18%
 
Diversified Financial Services - - - 0.11%
 
Finance & Credit Services - - 0.15% -
 
Consumer Lending - - - 0.15%
 
Telecommunications 9.39% - - -
 
Telecommunications - 9.39% - -
 
Telecommunications Equipment - - 7.72% -
 
Telecommunications Equipment - - - 7.72%
 
Telecommunications Service Providers - - 1.68% -
 
Telecommunications Services - - - 1.68%
 
Industrials 8.85% - - -
 
Industrial Goods & Services - 6.57% - -
 
Industrial Transportation - - 2.07% -
 
Marine Transportation - - - 1.33%
 
Transportation Services - - - 0.46%
 
Railroads - - - 0.25%
 
Delivery Services - - - 0.03%
 
Electronic & Electrical Equipment - - 1.95% -
 
Electrical Components - - - 1.79%
 
Electronic Equipment: Other - - - 0.16%
 
General Industrials - - 1.78% -
 
Containers & Packaging - - - 0.92%
 
Plastics - - - 0.53%
 
Diversified Industrials - - - 0.22%
 
Paints & Coatings - - - 0.11%
 
Aerospace & Defence - - 0.51% -
 
Aerospace - - - 0.51%
 
Industrial Engineering - - 0.20% -
 
Machinery: Tools - - - 0.15%
 
Machinery: Industrial - - - 0.05%
 
Industrial Support Services - - 0.07% -
 
Professional Business Support Services - - - 0.07%
 
Construction & Materials - 2.29% - -
 
Construction & Materials - - 2.29% -
 
Construction - - - 1.21%
 
Building Materials: Other - - - 0.88%
 
Engineering & Contracting Services - - - 0.12%
 
Cement - - - 0.08%
 
Basic Materials 6.57% - - -
 
Basic Resources - 5.70% - -
 
Industrial Metals & Mining - - 5.52% -
 
General Mining - - - 4.52%
 
Iron & Steel - - - 0.60%
 
Aluminum - - - 0.27%
 
Copper - - - 0.13%
 
Precious Metals & Mining - - 0.18% -
 
Gold Mining - - - 0.17%
 
Platinum & Precious Metals - - - 0.01%
 
Chemicals - 0.87% - -
 
Chemicals - - 0.87% -
 
Chemicals: Diversified - - - 0.86%
 
Chemicals & Synthetic Fibers - - - 0.01%
 
Consumer Discretionary 5.60% - - -
 
Automobiles & Parts - 1.55% - -
 
Automobiles & Parts - - 1.55% -
 
Automobiles - - - 1.06%
 
Tires - - - 0.26%
 
Auto Parts - - - 0.23%
 
Travel & Leisure - 1.41% - -
 
Travel & Leisure - - 1.41% -
 
Hotels & Motels - - - 0.62%
 
Airlines - - - 0.35%
 
Restaurants & Bars - - - 0.26%
 
Travel & Tourism - - - 0.18%
 
Retail - 1.38% - -
 
Retailers - - 1.38% -
 
Diversified Retailers - - - 1.08%
 
Specialty Retailers - - - 0.29%
 
Home Improvement Retailers - - - 0.01%
 
Consumer Products & Services - 1.15% - -
 
Household Goods & Home Construction - - 0.83% -
 
Household Appliance - - - 0.83%
 
Personal Goods - - 0.24% -
 
Cosmetics - - - 0.12%
 
Footwear - - - 0.06%
 
Clothing & Accessories - - - 0.05%
 
Luxury Items - - - 0.01%
 
Leisure Goods - - 0.08% -
 
Electronic Entertainment - - - 0.08%
 
Media - 0.12% - -
 
Media - - 0.12% -
 
Entertainment - - - 0.12%
 
Real Estate 5.08% - - -
 
Real Estate - 5.08% - -
 
Real Estate Investment Trusts - - 2.89% -
 
Diversified REITs - - - 1.31%
 
Residential REITs - - - 0.72%
 
Retail REITs - - - 0.50%
 
Office REITs - - - 0.34%
 
Industrial REITs - - - 0.03%
 
Real Estate Investment & Services - - 2.19% -
 
Real Estate Holding and Development - - - 2.05%
 
Real Estate Services - - - 0.14%
 
Health Care 4.38% - - -
 
Health Care - 4.38% - -
 
Pharmaceuticals & Biotechnology - - 2.94% -
 
Pharmaceuticals - - - 2.65%
 
Biotechnology - - - 0.30%
 
Medical Equipment & Services - - 1.03% -
 
Medical Equipment - - - 0.64%
 
Medical Supplies - - - 0.35%
 
Medical Services - - - 0.04%
 
Health Care Providers - - 0.41% -
 
Health Care Facilities - - - 0.41%
 
Utilities 3.41% - - -
 
Utilities - 3.41% - -
 
Electricity - - 1.90% -
 
Alternative Electricity - - - 1.10%
 
Conventional Electricity - - - 0.80%
 
Gas, Water & Multi-utilities - - 1.29% -
 
Multi-Utilities - - - 0.92%
 
Gas Distribution - - - 0.37%
 
Waste & Disposal Services - - 0.23% -
 
Waste & Disposal Services - - - 0.23%
 
Non-Classified 3.31% - - -
 
Non-Classified - 0.72% - -
 
Non-Classified - - 0.72% -
 
Non-Classified - - - 0.72%
 
Consumer Staples 3.14% - - -
 
Food, Beverage & Tobacco - 1.84% - -
 
Food Producers - - 1.38% -
 
Food Products - - - 1.29%
 
Farming, Fishing, Ranching & Plantations - - - 0.05%
 
Fruit & Grain Processing - - - 0.04%
 
Beverages - - 0.46% -
 
Soft Drinks - - - 0.20%
 
Brewers - - - 0.20%
 
Distillers & Vintners - - - 0.06%
 
Personal Care, Drug & Grocery Stores - 1.31% - -
 
Personal Care, Drug & Grocery Stores - - 1.31% -
 
Food Retailers & Wholesalers - - - 1.20%
 
Personal Products - - - 0.11%
 
Energy 2.13% - - -
 
Energy - 2.13% - -
 
Non-Renewable Energy - - 1.99% -
 
Oil: Crude Producers - - - 1.29%
 
Oil Refining and Marketing - - - 0.61%
 
Oil Equipment & Services - - - 0.08%
 
Integrated Oil & Gas - - - 0.01%
 
Renewable Energy - - 0.14% -
 
Renewable Energy Equipment - - - 0.14%
 
Cash and Equivalents 1.71% - - -

Regional Allocation

pie chart
  Emerging Asia 52.21%
  Australia & New Zealand 27.49%
  Developed Asia 12.94%
  Property 2.56%
  Non-Classified 2.74%
  Cash and Equivalents 1.71%
  Developed Europe - Excl UK 0.32%
  North America 0.04%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 99.86%
  Cash 0.13%
  Won 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
Emerging Asia 52.21% -
 
Taiwan - 27.14%
 
South Korea - 20.22%
 
Thailand - 2.52%
 
Malaysia - 2.33%
 
Australia & New Zealand 27.49% -
 
Australia - 25.35%
 
New Zealand - 2.15%
 
Developed Asia 12.94% -
 
Hong Kong - 8.18%
 
Singapore - 4.76%
 
Property 2.56% -
 
Non-Classified 2.74% -
 
Cash and Equivalents 1.71% -
 
Developed Europe - Excl UK 0.32% -
 
Ireland - 0.28%
 
Luxembourg - 0.02%
 
Italy - 0.02%
 
North America 0.04% -
 
United States - 0.04%

Breakdown By Market Cap (%)

Mega
 
 
48.53%
Large
 
 
31.05%
Medium
 
 
11.11%
Small
 
 
0.37%
Micro
 
 
0.04%
Non-Classified
 
 
7.20%
Cash
 
 
1.71%

Top 10 Holdings

Stock % Weight Sector Country
1 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 9.13% Technology Hardware & Equipment Taiwan
2 SAMSUNG ELECTRONICS CO. LTD 6.40% Telecommunications Equipment South Korea
3 BHP GROUP LIMITED 2.53% Industrial Metals & Mining Australia
4 CSL LTD 2.43% Pharmaceuticals & Biotechnology Australia
5 WESTPAC BANKING CORPORATION 2.27% Banks Australia
6 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 2.24% Banks Australia
7 AIA GROUP LIMITED 2.01% Life Insurance Hong Kong
8 COMMONWEALTH BANK OF AUSTRALIA 1.99% Banks Australia
9 DBS GROUP HOLDINGS LTD 1.97% Banks Singapore
10 SK HYNIX INC 1.90% Technology Hardware & Equipment South Korea

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 23.83% - - - - - - 23.83%
Telecommunications - 9.39% - - - - - - 9.39%
Financials - 22.58% - - - - - - 22.58%
Real Estate - 2.53% - - - 2.56% 0.02% - 5.10%
Consumer Discretionary - 5.60% - - - - - - 5.60%
Consumer Staples - 3.14% - - - - - - 3.14%
Energy - 2.13% - - - - - - 2.13%
Utilities - 3.41% - - - - - - 3.41%
Health Care - 4.38% - - - - - - 4.38%
Industrials - 8.85% - - - - - - 8.85%
Basic Materials - 6.57% - - - - - - 6.57%
Cash and Equivalents - - - - - - - 1.71% 1.71%
Non-Classified - 0.58% - - - - 2.72% - 3.29%

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: 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 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 3424823
Mex Code PURICK
Isin Code GB0034248236
Citi Code P562

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 M&G PP Asia Pacific (ex Japan) Equity Index Fund - the underlying fund. Underlying fund objective: The fund gains its exposure via the M&G Funds (1) BlackRock Asia Pacific (ex Japan) Equity fund. The underlying fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE World Asia Pacific ex Japan Index. Within the index-relative limits, the Investment Manager uses a structured and systematic, bottom up stock selection process to build a portfolio with similar risk-return characteristics as the index in order to meet the fund's investment objectives. In addition to the fund's objective, the Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Investment Manager's ESG research framework and underweighting the securities which score less well. Performance Objective: The fund aims to provide a total return (i.e. capital growth plus income), gross of the Ongoing Charges Figure, over any three year period.
Benchmark FTSE World Asia Pacific ex-Japan Index
Sector ABI Asia Pacific excluding Japan Equities

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: 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 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 2.85
Beta 1.08
Sharpe -0.01
Standard Deviation 14.95
Info Ratio 0.39

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds No
Sector Specific Yes
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate No
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

Charges to Capital

Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).

Sector Specific

The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.

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.

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).

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 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 intended for the advisers 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. You should refer to your client's 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 infomation 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.

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

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 advisers 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. You should refer to your client's 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 infomation 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: 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 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 intended for the advisers 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. You should refer to your client's 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 infomation 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.