Prudential M&G Managed Growth (exSA) S1

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

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 6.2% 2.7% -8.3% 23.6% 1.6%
Sector 8.0% 7.2% -2.8% 22.1% -1.2%
Rank 286/367 322/368 318/371 104/372 107/372
Quartile 4 4 4 2 2

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund 4.8% 4.7% 6.9%
Sector 5.5% 6.3% 9.0%
Rank 221/371 290/367 290/322
Quartile 3 4 4

Top 10 Holdings

Stock % Weight
US 5YR NOTE SEP 22 USD Notional Cash Offset 5.18
BERKSHIRE HATHAWAY INC 1.76
S&P500 EMINI SEP 22 USD Notional Cash Offset 1.54
MICROSOFT CORP 1.42
UNITED STATES TREASURY 0% 18/08/2022 1.39
NOVO NORDISK A/S 1.30
UNILEVER 1.15
UNITEDHEALTH GROUP INCORPORATED 1.12
JPMORGAN CHASE & CO 1.05
SCHNEIDER ELECTRIC SE 1.00
Total 16.91

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Managed Growth Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income) net of the Ongoing Charge Figure, than the average return of the IA Flexible Investment Sector over any five-year period.

Fund Manager

David Fishwick manager of the underlying fund for 6 years and 11 months

Photo of David Fishwick David Fishwick is Head of Macro and Equities Investment at M&G Investments and co-fund manager of the M&G Episode Macro Fund. Dave has more than 20 years of investment management experience, having joined Prudential Portfolio Managers (now M&G Investments) in 1987 as a European economist and subsequently being responsible for forming views on global bond and currency markets and applying them to multi-asset funds. In 1994, Dave relocated to Australia where he was appointed head of fixed interest and asset allocation strategy in 1997. During that time, he developed his ideas on market behaviour and designed the strategy, philosophy and process implemented for an overlay mandate for the Prudential Life Fund upon his return to Europe in 1999. In light of the success of this mandate, the M&G Episode Macro Fund was launched in 2010, which follows the same strategy. Dave has a BSc in economics from Brunel University, London. Eric Lonergan joined M&G in 2006 as a member of Dave Fishwick’s Multi Asset team and is manager of the M&G Episode Defensive Fund since launch in September 2012. He is also co-manager of the M&G Episode Macro Fund and the M&G Episode Growth Fund. Prior to joining M&G, Eric was managing director and head of macro research at JP Morgan Cazenove. He has a BA in politics, philosophy and economics from Pembroke College, Oxford, and an MSc in economics from the London School of Economics.

Fund Overview

Bid (16/08/2022) 295.30
Offer (16/08/2022) 310.80
Fund size (30/06/2022) £68.85m
Underlying Fund size £855.25m
Number of holdings 2246
Launch date 06/04/1999

Fund Charges

Annual Management Charge (AMC) 0.95%
Further Costs 0.01%
Yearly Total 0.96%

Asset Allocation

pie chart
  International Equities 71.54%
  UK Equities 11.53%
  International Bonds 2.89%
  Cash and Equivalents 1.76%
  Alternative Trading Strategies 0.87%
  Property 0.46%
  UK Corporate Bonds 0.22%
  Investment Trusts 0.06%
  UK Gilts 0.01%
  Other Assets 10.65%
Portfolio data accurate as at: 31/07/22

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 71.54%
  UK Equities 11.53%
  International Bonds 2.89%
  Cash and Equivalents 1.76%
  Alternative Trading Strategies 0.87%
  Property 0.46%
  UK Corporate Bonds 0.22%
  Investment Trusts 0.06%
  UK Gilts 0.01%
  Other Assets 10.65%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 23.24% - - -
 
Banks - 10.71% - -
 
Banks - - 10.71% -
 
Banks - - - 10.71%
 
Financial Services - 7.63% - -
 
Investment Banking & Brokerage Services - - 5.64% -
 
Investment Services - - - 2.15%
 
Diversified Financial Services - - - 2.01%
 
Asset Managers & Custodians - - - 1.47%
 
Finance & Credit Services - - 1.93% -
 
Financial Data & Systems - - - 1.07%
 
Mortgage Finance - - - 0.85%
 
Consumer Lending - - - 0.00%
 
Equity Investment Instruments - - 0.06% -
 
Equity Investment Instruments - - - 0.06%
 
Insurance - 4.90% - -
 
Non-life Insurance - - 3.72% -
 
Property & Casualty Insurance - - - 1.81%
 
Full Line Insurance - - - 0.75%
 
Insurance Brokers - - - 0.74%
 
Reinsurance - - - 0.43%
 
Life Insurance - - 1.18% -
 
Life Insurance - - - 1.18%
 
Non-Classified 15.93% - - -
 
Non-Classified - 0.41% - -
 
Non-Classified - - 0.41% -
 
Non-Classified - - - 0.41%
 
Industrials 14.59% - - -
 
Industrial Goods & Services - 13.61% - -
 
Industrial Support Services - - 4.68% -
 
Transaction Processing Services - - - 2.65%
 
Business Training & Employment Agencies - - - 0.62%
 
Industrial Suppliers - - - 0.53%
 
Security Services - - - 0.49%
 
Professional Business Support Services - - - 0.39%
 
Industrial Transportation - - 3.19% -
 
Marine Transportation - - - 1.29%
 
Transportation Services - - - 0.51%
 
Trucking - - - 0.36%
 
Commercial Vehicles & Parts - - - 0.31%
 
Railroads - - - 0.30%
 
Delivery Services - - - 0.25%
 
Railroad Equipment - - - 0.10%
 
Commercial Vehicle-Equipment Leasing - - - 0.07%
 
Electronic & Electrical Equipment - - 2.65% -
 
Electrical Components - - - 1.43%
 
Electronic Equipment: Control & Filter - - - 0.62%
 
Electronic Equipment: Gauges & Meters - - - 0.60%
 
Electronic Equipment: Pollution Control - - - 0.00%
 
Industrial Engineering - - 1.57% -
 
Machinery: Construction & Handling - - - 0.69%
 
Machinery: Industrial - - - 0.46%
 
Machinery: Specialty - - - 0.23%
 
Machinery: Engines - - - 0.14%
 
Machinery: Tools - - - 0.06%
 
General Industrials - - 1.33% -
 
Containers & Packaging - - - 0.71%
 
Diversified Industrials - - - 0.50%
 
Plastics - - - 0.12%
 
Aerospace & Defence - - 0.19% -
 
Defense - - - 0.19%
 
Construction & Materials - 0.98% - -
 
Construction & Materials - - 0.98% -
 
Construction - - - 0.48%
 
Building Materials: Other - - - 0.20%
 
Cement - - - 0.14%
 
Engineering & Contracting Services - - - 0.11%
 
Building, Roofing/Wallboard & Plumbing - - - 0.05%
 
Technology 11.69% - - -
 
Technology - 11.69% - -
 
Software & Computer Services - - 6.96% -
 
Software - - - 3.00%
 
Consumer Digital Services - - - 2.83%
 
Computer Services - - - 1.13%
 
Technology Hardware & Equipment - - 4.73% -
 
Semiconductors - - - 2.65%
 
Computer Hardware - - - 1.27%
 
Electronic Components - - - 0.40%
 
Production Technology Equipment - - - 0.34%
 
Electronic Office Equipment - - - 0.07%
 
Consumer Discretionary 8.68% - - -
 
Consumer Products & Services - 2.83% - -
 
Leisure Goods - - 1.46% -
 
Electronic Entertainment - - - 0.57%
 
Consumer Electronics - - - 0.36%
 
Toys - - - 0.27%
 
Photography - - - 0.22%
 
Recreational Products - - - 0.04%
 
Personal Goods - - 0.69% -
 
Clothing & Accessories - - - 0.33%
 
Cosmetics - - - 0.17%
 
Luxury Items - - - 0.14%
 
Footwear - - - 0.04%
 
Consumer Services - - 0.36% -
 
Vending & Catering Service - - - 0.16%
 
Consumer Services: Misc. - - - 0.15%
 
Education Services - - - 0.04%
 
Rental & Leasing Services: Consumer - - - 0.01%
 
Funeral Parlors & Cemetery - - - 0.00%
 
Household Goods & Home Construction - - 0.33% -
 
Home Construction - - - 0.30%
 
Household Equipment & Products - - - 0.02%
 
Retail - 2.67% - -
 
Retailers - - 2.67% -
 
Specialty Retailers - - - 1.31%
 
Diversified Retailers - - - 0.98%
 
Home Improvement Retailers - - - 0.25%
 
Apparel Retailers - - - 0.12%
 
Automobiles & Parts - 1.36% - -
 
Automobiles & Parts - - 1.36% -
 
Automobiles - - - 0.91%
 
Auto Parts - - - 0.45%
 
Media - 1.08% - -
 
Media - - 1.08% -
 
Publishing - - - 0.40%
 
Entertainment - - - 0.38%
 
Radio & TV Broadcasters - - - 0.18%
 
Media Agencies - - - 0.12%
 
Travel & Leisure - 0.74% - -
 
Travel & Leisure - - 0.74% -
 
Travel & Tourism - - - 0.28%
 
Airlines - - - 0.16%
 
Hotels & Motels - - - 0.15%
 
Recreational Services - - - 0.06%
 
Restaurants & Bars - - - 0.05%
 
Casinos & Gambling - - - 0.05%
 
Health Care 8.01% - - -
 
Health Care - 8.01% - -
 
Pharmaceuticals & Biotechnology - - 5.16% -
 
Pharmaceuticals - - - 4.47%
 
Biotechnology - - - 0.69%
 
Health Care Providers - - 1.75% -
 
Health Care Management Services - - - 1.49%
 
Health Care Services - - - 0.20%
 
Health Care Facilities - - - 0.06%
 
Medical Equipment & Services - - 1.10% -
 
Medical Supplies - - - 0.55%
 
Medical Equipment - - - 0.41%
 
Medical Services - - - 0.15%
 
Consumer Staples 5.30% - - -
 
Personal Care, Drug & Grocery Stores - 2.72% - -
 
Personal Care, Drug & Grocery Stores - - 2.72% -
 
Personal Products - - - 1.15%
 
Nondurable Household Products - - - 0.81%
 
Food Retailers & Wholesalers - - - 0.69%
 
Drug Retailers - - - 0.07%
 
Food, Beverage & Tobacco - 2.58% - -
 
Food Producers - - 1.33% -
 
Food Products - - - 1.30%
 
Farming, Fishing, Ranching & Plantations - - - 0.03%
 
Beverages - - 0.98% -
 
Brewers - - - 0.50%
 
Soft Drinks - - - 0.37%
 
Distillers & Vintners - - - 0.11%
 
Tobacco - - 0.27% -
 
Tobacco - - - 0.27%
 
Basic Materials 3.47% - - -
 
Chemicals - 1.90% - -
 
Chemicals - - 1.90% -
 
Chemicals: Diversified - - - 1.18%
 
Specialty Chemicals - - - 0.58%
 
Fertilizers - - - 0.14%
 
Basic Resources - 1.56% - -
 
Industrial Metals & Mining - - 1.08% -
 
General Mining - - - 0.54%
 
Iron & Steel - - - 0.34%
 
Copper - - - 0.15%
 
Nonferrous Metals - - - 0.05%
 
Precious Metals & Mining - - 0.32% -
 
Gold Mining - - - 0.23%
 
Platinum & Precious Metals - - - 0.08%
 
Industrial Materials - - 0.17% -
 
Paper - - - 0.17%
 
Bonds 3.12% - - -
 
Energy 3.09% - - -
 
Energy - 3.09% - -
 
Non-Renewable Energy - - 2.81% -
 
Integrated Oil & Gas - - - 1.32%
 
Oil: Crude Producers - - - 0.61%
 
Oil Equipment & Services - - - 0.31%
 
Pipelines - - - 0.25%
 
Oil Refining and Marketing - - - 0.24%
 
Offshore Drilling & Other Services - - - 0.08%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.28% -
 
Renewable Energy Equipment - - - 0.14%
 
Alternative Fuels - - - 0.14%
 
Telecommunications 2.22% - - -
 
Telecommunications - 2.22% - -
 
Telecommunications Service Providers - - 1.60% -
 
Telecommunications Services - - - 1.30%
 
Cable Television Services - - - 0.30%
 
Telecommunications Equipment - - 0.62% -
 
Telecommunications Equipment - - - 0.62%
 
Real Estate 1.76% - - -
 
Real Estate - 1.76% - -
 
Real Estate Investment Trusts - - 1.06% -
 
Infrastructure REITs - - - 0.36%
 
Diversified REITs - - - 0.27%
 
Residential REITs - - - 0.11%
 
Timber REITs - - - 0.09%
 
Other Specialty REITs - - - 0.09%
 
Retail REITs - - - 0.08%
 
Office REITs - - - 0.07%
 
Real Estate Investment & Services - - 0.69% -
 
Real Estate Holding and Development - - - 0.64%
 
Real Estate Services - - - 0.05%
 
Utilities 1.47% - - -
 
Utilities - 1.47% - -
 
Electricity - - 0.98% -
 
Conventional Electricity - - - 0.59%
 
Alternative Electricity - - - 0.40%
 
Gas, Water & Multi-utilities - - 0.39% -
 
Multi-Utilities - - - 0.34%
 
Water - - - 0.04%
 
Waste & Disposal Services - - 0.10% -
 
Waste & Disposal Services - - - 0.10%
 
Alternative Trading Strategies 0.87% - - -
 
Alternative Trading Strategies - 0.87% - -
 
Alternative Trading Strategies - - 0.87% -
 
Alternative Trading Strategies - - - 0.87%
 
Cash and Equivalents -3.43% - - -

Regional Allocation

pie chart
  North America 38.01%
  Non-Classified 16.04%
  Developed Europe - Excl UK 14.16%
  UK 11.77%
  Japan 9.55%
  Emerging Asia 6.82%
  Developed Asia 2.39%
  South & Central America 1.48%
  Australia & New Zealand 1.05%
  Other Regions -1.26%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 95.18%
  US Dollar 2.41%
  Cash 1.70%
  Pound Sterling 0.33%
  Euro 0.10%
  Mexican Peso 0.08%
  Other Currencies 0.21%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 38.01% -
 
United States - 36.91%
 
Canada - 1.10%
 
Non-Classified 16.04% -
 
Developed Europe - Excl UK 14.16% -
 
Denmark - 2.41%
 
Ireland - 2.23%
 
France - 2.18%
 
Switzerland - 2.04%
 
Germany - 2.02%
 
Netherlands - 0.98%
 
Spain - 0.57%
 
Austria - 0.33%
 
Finland - 0.32%
 
Luxembourg - 0.29%
 
Sweden - 0.24%
 
Belgium - 0.23%
 
Portugal - 0.12%
 
Italy - 0.12%
 
Norway - 0.09%
 
Iceland - 0.00%
 
UK 11.77% -
 
United Kingdom - 11.77%
 
Japan 9.55% -
 
Japan - 9.55%
 
Emerging Asia 6.82% -
 
South Korea - 2.22%
 
China - 1.71%
 
Taiwan - 1.26%
 
India - 1.02%
 
Indonesia - 0.26%
 
Thailand - 0.18%
 
Philippines - 0.11%
 
Pakistan - 0.06%
 
Developed Asia 2.39% -
 
Hong Kong - 1.98%
 
Singapore - 0.41%
 
South & Central America 1.48% -
 
Brazil - 1.01%
 
Mexico - 0.37%
 
Chile - 0.09%
 
Colombia - 0.02%
 
Cayman Islands - 0.00%
 
Australia & New Zealand 1.05% -
 
Australia - 1.03%
 
New Zealand - 0.02%
 
Middle East & Africa 0.74% -
 
South Africa - 0.46%
 
Israel - 0.25%
 
Kenya - 0.02%
 
Zambia - 0.01%
 
Property 0.46% -
 
Emerging Europe 0.09% -
 
Turkey - 0.09%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%
 
Cash and Equivalents -2.55% -

Breakdown By Market Cap (%)

Mega
 
 
44.82%
Large
 
 
15.50%
Medium
 
 
13.17%
Small
 
 
3.33%
Micro
 
 
0.51%
Non-Classified
 
 
22.98%
Bonds
 
 
3.12%
Cash
 
-3.43%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G Global Sustain Paris Aligned Class A GBP 11.69% Managed Funds Managed Funds
2 Invesco Markets Plc Invesco Financials S&P US Select Sector UCITS ETF - 11.42% Managed Funds Managed Funds
3 M&G (Lux) Episode Macro Class SI-H GBP 10.17% Managed Funds Managed Funds
4 M&G Japan Class A GBP 9.28% Managed Funds Managed Funds
5 M&G (Lux) Pan European Sustain Paris Aligned Class A EUR 8.52% Managed Funds Managed Funds
6 M&G North American Value Class A GBP 8.47% Managed Funds Managed Funds
7 M&G Global Emerging Markets Class A GBP 7.20% Managed Funds Managed Funds
8 M&G Asian Class A GBP 5.99% Managed Funds Managed Funds
9 M&G Global Themes Class A GBP 4.22% Managed Funds Managed Funds
10 M&G North American Dividend Class A GBP 4.20% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 US 5YR NOTE SEP 22 USD Notional Cash Offset 5.18% Non-Classified Non-Classified
2 BERKSHIRE HATHAWAY INC 1.76% Investment Banking & Brokerage Services United States
3 S&P500 EMINI SEP 22 USD Notional Cash Offset 1.54% Non-Classified Non-Classified
4 MICROSOFT CORP 1.42% Software & Computer Services United States
5 UNITED STATES TREASURY 0% 18/08/2022 1.39% Non-Classified Non-Classified
6 NOVO NORDISK A/S 1.30% Pharmaceuticals & Biotechnology Denmark
7 UNILEVER 1.15% Personal Care, Drug & Grocery Stores United Kingdom
8 UNITEDHEALTH GROUP INCORPORATED 1.12% Health Care Providers United States
9 JPMORGAN CHASE & CO 1.05% Banks United States
10 SCHNEIDER ELECTRIC SE 1.00% 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 0.29% 11.40% - - - - - - 11.69%
Telecommunications 0.17% 2.05% - - - - - - 2.22%
Financials 2.35% 20.83% - - - - 0.10% - 23.28%
Real Estate 0.08% 1.22% - - - 0.46% - - 1.76%
Consumer Discretionary 2.48% 6.20% - - - - 0.11% - 8.79%
Consumer Staples 2.66% 2.64% - - - - - - 5.30%
Energy 0.67% 2.42% - - - - 0.25% - 3.34%
Utilities 0.23% 1.25% - - - - 0.13% - 1.60%
Health Care 0.72% 7.29% - - - - 0.92% - 8.93%
Industrials 1.47% 13.13% - - - - - - 14.59%
Basic Materials 0.35% 3.12% - - - - - - 3.47%
Cash and Equivalents - - - - - - - 1.76% 1.76%
Bonds - - 0.22% 2.89% 0.01% - - - 3.12%
Non-Classified 0.08% - - - - - 15.26% -5.19% 10.16%

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 0573706
Mex Code SBNMG
Isin Code GB0005737068
Citi Code SG57

Fund Charges

Annual Management Charge (AMC) 0.95%
Further Costs 0.01%
Yearly Total 0.96%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Managed Growth Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide a higher total return (the combination of capital growth and income) net of the Ongoing Charge Figure, than the average return of the IA Flexible Investment Sector over any five-year period.
Benchmark IA Flexible Investment Sector
ABI Sector Flexible Investment

Ratings

FE Crown Crown Rating of 4

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 -0.53
Beta 0.91
Sharpe 0.10
Standard Deviation 12.79
Info Ratio -0.24

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 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 Yes
Umbrella Liabilities Yes
New Fund No
Solvency of Depository No
Solvency of Bond Issuers Yes
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).

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.

Income Eroding Capital Growth

The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.

Umbrella Liabilities

If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.

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.

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.