Prudential International Equity 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 -12.8% 39.9% 8.0% 2.5% 15.6%
Benchmark -7.2% 39.2% 4.4% 1.1% 13.3%

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 7.4% 8.6% 9.3% 10.2%
Benchmark 6.7% 6.1% 9.1% 10.4%

Top 10 Holdings

Stock % Weight
CME S&P EMI FUT Jun24 3.04
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 2.66
SAMSUNG ELECTRONICS CO. LTD 1.92
AIA GROUP LIMITED 1.10
MICROSOFT CORPORATION 0.94
APPLE 0.87
TENCENT HOLDINGS LIMITED 0.84
TOYOTA MOTOR CORPORATION 0.77
HDFC BANK LIMITED 0.68
DBS GROUP HOLDINGS LTD 0.65
Total 13.48

Fund Aims

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

Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management.

Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 43 years and 1 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Daily price (23/05/2024) 643.00
Fund size (30/04/2024) £118.35m
Underlying Fund size £121.45m
Number of holdings 2630
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 06/04/2001

Asset Allocation

pie chart
  International Equities 75.36%
  Cash and Equivalents 21.69%
  Property 0.78%
  UK Equities 0.55%
  International Bonds 0.07%
  Alternative Trading Strategies 0.00%
  Other Assets 1.55%

Commentary

Performance as at Q1 2024 - Supported by easing inflationary pressures, robust economic data and, initially, the prospect of interest rate cuts in the near term, the first quarter of 2024 ended with solid gains for global equity markets. The fund gained in the quarter and was slightly ahead of the benchmark and behind the comparator. Japan and the US were among the strongest performers, while Europe also produced robust gains, all in sterling terms. So too did Pacific and emerging markets, although to a lesser extent. In the Japanese market, technology shares gained strongly due to a positive earnings season. In other domestic news, the Bank of Japan raised interest rates, ending its negative interest rate policy and the first increase since 2007. Investors in the US stockmarket were encouraged by optimism about the domestic economy as well as the prospect of interest rate cuts. Continued excitement about artificial intelligence (AI) also drove the market gains. Europe was bolstered by decent corporate earnings, the continued gradual decline in inflation and the prospect of rate cuts. The poor performance of China weighed on Pacific and emerging markets, while the latter were also held back by some Latin American markets. Stockpicking in China, Japan, Europe and emerging and Pacific markets was beneficial, while selection in the US was broadly neutral.

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your 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 75.36%
  Cash and Equivalents 21.69%
  Property 0.78%
  UK Equities 0.55%
  International Bonds 0.07%
  Alternative Trading Strategies 0.00%
  Other Assets 1.55%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Cash and Equivalents 21.69% - - -
 
Financials 16.99% - - -
 
Banks - 10.19% - -
 
Banks - - 10.19% -
 
Banks - - - 10.19%
 
Insurance - 3.66% - -
 
Life Insurance - - 1.93% -
 
Life Insurance - - - 1.93%
 
Non-life Insurance - - 1.73% -
 
Property & Casualty Insurance - - - 0.91%
 
Full Line Insurance - - - 0.49%
 
Insurance Brokers - - - 0.20%
 
Reinsurance - - - 0.12%
 
Financial Services - 3.14% - -
 
Investment Banking & Brokerage Services - - 2.46% -
 
Investment Services - - - 1.40%
 
Diversified Financial Services - - - 0.64%
 
Asset Managers & Custodians - - - 0.43%
 
Finance & Credit Services - - 0.68% -
 
Financial Data & Systems - - - 0.45%
 
Consumer Lending - - - 0.16%
 
Mortgage Finance - - - 0.07%
 
Technology 13.76% - - -
 
Technology - 13.76% - -
 
Technology Hardware & Equipment - - 8.35% -
 
Semiconductors - - - 5.42%
 
Computer Hardware - - - 1.26%
 
Production Technology Equipment - - - 0.85%
 
Electronic Components - - - 0.74%
 
Electronic Office Equipment - - - 0.07%
 
Software & Computer Services - - 5.41% -
 
Consumer Digital Services - - - 2.76%
 
Software - - - 1.66%
 
Computer Services - - - 1.00%
 
Industrials 11.40% - - -
 
Industrial Goods & Services - 10.51% - -
 
Industrial Transportation - - 2.20% -
 
Marine Transportation - - - 0.83%
 
Railroads - - - 0.56%
 
Transportation Services - - - 0.45%
 
Delivery Services - - - 0.23%
 
Commercial Vehicles & Parts - - - 0.10%
 
Trucking - - - 0.03%
 
Commercial Vehicle-Equipment Leasing - - - 0.00%
 
Railroad Equipment - - - 0.00%
 
General Industrials - - 2.20% -
 
Diversified Industrials - - - 1.46%
 
Containers & Packaging - - - 0.58%
 
Paints & Coatings - - - 0.08%
 
Glass - - - 0.07%
 
Plastics - - - 0.01%
 
Industrial Support Services - - 2.12% -
 
Transaction Processing Services - - - 0.79%
 
Industrial Suppliers - - - 0.51%
 
Professional Business Support Services - - - 0.48%
 
Business Training & Employment Agencies - - - 0.26%
 
Security Services - - - 0.05%
 
Forms & Bulk Printing Services - - - 0.02%
 
Industrial Engineering - - 1.91% -
 
Machinery: Engines - - - 0.53%
 
Machinery: Tools - - - 0.42%
 
Machinery: Construction & Handling - - - 0.42%
 
Machinery: Industrial - - - 0.39%
 
Machinery: Specialty - - - 0.11%
 
Machinery: Agricultural - - - 0.03%
 
Electronic & Electrical Equipment - - 1.66% -
 
Electrical Components - - - 1.03%
 
Electronic Equipment: Control & Filter - - - 0.27%
 
Electronic Equipment: Pollution Control - - - 0.21%
 
Electronic Equipment: Gauges & Meters - - - 0.15%
 
Aerospace & Defence - - 0.43% -
 
Aerospace - - - 0.40%
 
Defense - - - 0.03%
 
Construction & Materials - 0.89% - -
 
Construction & Materials - - 0.89% -
 
Building: Climate Control - - - 0.31%
 
Cement - - - 0.21%
 
Construction - - - 0.16%
 
Building Materials: Other - - - 0.14%
 
Building, Roofing/Wallboard & Plumbing - - - 0.04%
 
Engineering & Contracting Services - - - 0.03%
 
Consumer Discretionary 11.17% - - -
 
Automobiles & Parts - 3.54% - -
 
Automobiles & Parts - - 3.54% -
 
Automobiles - - - 2.70%
 
Auto Parts - - - 0.83%
 
Tires - - - 0.00%
 
Retail - 3.30% - -
 
Retailers - - 3.30% -
 
Diversified Retailers - - - 2.44%
 
Apparel Retailers - - - 0.46%
 
Specialty Retailers - - - 0.39%
 
Home Improvement Retailers - - - 0.00%
 
Consumer Products & Services - 2.42% - -
 
Leisure Goods - - 0.98% -
 
Consumer Electronics - - - 0.49%
 
Electronic Entertainment - - - 0.20%
 
Photography - - - 0.12%
 
Recreational Vehicles & Boats - - - 0.10%
 
Recreational Products - - - 0.05%
 
Toys - - - 0.01%
 
Personal Goods - - 0.85% -
 
Clothing & Accessories - - - 0.47%
 
Cosmetics - - - 0.19%
 
Footwear - - - 0.12%
 
Luxury Items - - - 0.07%
 
Household Goods & Home Construction - - 0.35% -
 
Household Appliance - - - 0.20%
 
Home Construction - - - 0.14%
 
Household Furnishings - - - 0.02%
 
Household Equipment & Products - - - 0.00%
 
Consumer Services - - 0.23% -
 
Consumer Services: Misc. - - - 0.23%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Education Services - - - 0.00%
 
Travel & Leisure - 1.37% - -
 
Travel & Leisure - - 1.37% -
 
Casinos & Gambling - - - 0.44%
 
Restaurants & Bars - - - 0.42%
 
Hotels & Motels - - - 0.29%
 
Airlines - - - 0.10%
 
Travel & Tourism - - - 0.10%
 
Recreational Services - - - 0.02%
 
Media - 0.53% - -
 
Media - - 0.53% -
 
Entertainment - - - 0.19%
 
Media Agencies - - - 0.17%
 
Radio & TV Broadcasters - - - 0.12%
 
Publishing - - - 0.05%
 
Telecommunications 4.97% - - -
 
Telecommunications - 4.97% - -
 
Telecommunications Equipment - - 2.72% -
 
Telecommunications Equipment - - - 2.72%
 
Telecommunications Service Providers - - 2.25% -
 
Telecommunications Services - - - 2.21%
 
Cable Television Services - - - 0.04%
 
Health Care 4.73% - - -
 
Health Care - 4.73% - -
 
Pharmaceuticals & Biotechnology - - 3.14% -
 
Pharmaceuticals - - - 2.85%
 
Biotechnology - - - 0.29%
 
Medical Equipment & Services - - 1.12% -
 
Medical Equipment - - - 0.94%
 
Medical Supplies - - - 0.16%
 
Medical Services - - - 0.02%
 
Health Care Providers - - 0.48% -
 
Health Care Management Services - - - 0.44%
 
Health Care Facilities - - - 0.03%
 
Health Care Services - - - 0.01%
 
Consumer Staples 3.22% - - -
 
Food, Beverage & Tobacco - 1.88% - -
 
Food Producers - - 0.95% -
 
Food Products - - - 0.91%
 
Fruit & Grain Processing - - - 0.03%
 
Farming, Fishing, Ranching & Plantations - - - 0.02%
 
Beverages - - 0.93% -
 
Soft Drinks - - - 0.44%
 
Brewers - - - 0.29%
 
Distillers & Vintners - - - 0.19%
 
Personal Care, Drug & Grocery Stores - 1.34% - -
 
Personal Care, Drug & Grocery Stores - - 1.34% -
 
Food Retailers & Wholesalers - - - 0.76%
 
Personal Products - - - 0.30%
 
Drug Retailers - - - 0.24%
 
Nondurable Household Products - - - 0.04%
 
Energy 3.09% - - -
 
Energy - 3.09% - -
 
Non-Renewable Energy - - 3.07% -
 
Integrated Oil & Gas - - - 1.20%
 
Oil: Crude Producers - - - 0.88%
 
Oil Refining and Marketing - - - 0.55%
 
Oil Equipment & Services - - - 0.23%
 
Pipelines - - - 0.21%
 
Offshore Drilling & Other Services - - - 0.00%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.02% -
 
Renewable Energy Equipment - - - 0.02%
 
Alternative Fuels - - - 0.00%
 
Basic Materials 2.99% - - -
 
Basic Resources - 1.69% - -
 
Industrial Metals & Mining - - 1.38% -
 
General Mining - - - 0.80%
 
Iron & Steel - - - 0.42%
 
Aluminum - - - 0.09%
 
Copper - - - 0.06%
 
Nonferrous Metals - - - 0.01%
 
Metal Fabricating - - - 0.00%
 
Precious Metals & Mining - - 0.20% -
 
Gold Mining - - - 0.20%
 
Platinum & Precious Metals - - - 0.00%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.11% -
 
Diversified Materials - - - 0.06%
 
Paper - - - 0.05%
 
Textile Products - - - 0.00%
 
Chemicals - 1.29% - -
 
Chemicals - - 1.29% -
 
Chemicals: Diversified - - - 0.76%
 
Specialty Chemicals - - - 0.38%
 
Fertilizers - - - 0.09%
 
Chemicals & Synthetic Fibers - - - 0.07%
 
Real Estate 2.50% - - -
 
Real Estate - 2.50% - -
 
Real Estate Investment & Services - - 1.51% -
 
Real Estate Holding and Development - - - 1.10%
 
Real Estate Services - - - 0.41%
 
Real Estate Investment Trusts - - 0.98% -
 
Retail REITs - - - 0.32%
 
Residential REITs - - - 0.18%
 
Industrial REITs - - - 0.18%
 
Timber REITs - - - 0.15%
 
Health Care REITs - - - 0.07%
 
Office REITs - - - 0.04%
 
Hotel & Lodging REITs - - - 0.02%
 
Other Specialty REITs - - - 0.01%
 
Diversified REITs - - - 0.00%
 
Infrastructure REITs - - - 0.00%
 
Utilities 1.82% - - -
 
Utilities - 1.82% - -
 
Electricity - - 1.27% -
 
Conventional Electricity - - - 1.17%
 
Alternative Electricity - - - 0.09%
 
Gas, Water & Multi-utilities - - 0.52% -
 
Multi-Utilities - - - 0.48%
 
Gas Distribution - - - 0.04%
 
Water - - - 0.00%
 
Waste & Disposal Services - - 0.04% -
 
Waste & Disposal Services - - - 0.04%
 
Non-Classified 1.60% - - -
 
Non-Classified - 0.44% - -
 
Non-Classified - - 0.44% -
 
Non-Classified - - - 0.44%
 
Bonds 0.07% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  North America 23.60%
  Cash and Equivalents 21.69%
  Emerging Asia 20.05%
  Japan 11.10%
  Developed Europe - Excl UK 8.74%
  Developed Asia 7.10%
  Australia & New Zealand 2.70%
  Non-Classified 1.83%
  South & Central America 0.86%
  Other Regions 2.34%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 78.24%
  Cash 21.69%
  Euro 0.04%
  US Dollar 0.03%
  Swiss Franc 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 23.60% -
 
United States - 20.97%
 
Canada - 2.63%
 
Cash and Equivalents 21.69% -
 
Emerging Asia 20.05% -
 
South Korea - 5.43%
 
China - 5.20%
 
Taiwan - 3.88%
 
India - 3.06%
 
Indonesia - 1.29%
 
Thailand - 0.77%
 
Malaysia - 0.22%
 
Philippines - 0.20%
 
Japan 11.10% -
 
Japan - 11.10%
 
Developed Europe - Excl UK 8.74% -
 
France - 1.61%
 
Switzerland - 1.46%
 
Germany - 1.30%
 
Ireland - 0.85%
 
Netherlands - 0.85%
 
Sweden - 0.63%
 
Denmark - 0.56%
 
Spain - 0.49%
 
Italy - 0.32%
 
Belgium - 0.30%
 
Finland - 0.17%
 
Norway - 0.09%
 
Portugal - 0.08%
 
Luxembourg - 0.03%
 
Austria - 0.01%
 
Developed Asia 7.10% -
 
Hong Kong - 4.94%
 
Singapore - 2.15%
 
Australia & New Zealand 2.70% -
 
Australia - 2.66%
 
New Caledonia - 0.05%
 
Non-Classified 1.83% -
 
South & Central America 0.86% -
 
Brazil - 0.53%
 
Mexico - 0.32%
 
Chile - 0.02%
 
Colombia - 0.00%
 
Cayman Islands - 0.00%
 
Peru - 0.00%
 
Property 0.78% -
 
UK 0.55% -
 
United Kingdom - 0.55%
 
Jersey - 0.00%
 
Emerging Europe 0.55% -
 
Greece - 0.24%
 
Turkey - 0.13%
 
Hungary - 0.09%
 
Poland - 0.07%
 
Romania - 0.02%
 
Czech Republic - 0.01%
 
Russian Federation - 0.00%
 
Middle East & Africa 0.45% -
 
South Africa - 0.25%
 
United Arab Emirates - 0.14%
 
Israel - 0.04%
 
Egypt - 0.02%
 
Saudi Arabia - 0.00%
 
Qatar - 0.00%
 
Kuwait - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
43.86%
Large
 
 
19.02%
Medium
 
 
6.66%
Small
 
 
0.57%
Micro
 
 
0.21%
Non-Classified
 
 
7.93%
Bonds
 
 
0.07%
Cash
 
 
21.69%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G PP Pacific Basin ex-Japan Equity 25.84% Managed Funds Managed Funds
2 M&G PP Europe Equity 14.57% Managed Funds Managed Funds
3 M&G (ACS) Japan Equity Fund Z2A Acc 10.84% Managed Funds Managed Funds
4 M&G (ACS) Blackrock US Equity Z2A Acc 10.63% Managed Funds Managed Funds
5 M&G (ACS) BlackRock US Equity 2 GBPZ2A GBP ACC 10.43% Managed Funds Managed Funds
6 M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z2A Acc 6.22% Managed Funds Managed Funds
7 M&G (1) MFS Global Emerging Markets Equity Class GBPZ2A 4.56% Managed Funds Managed Funds
8 M&G (1) GSAM Global Emerging Markets Equity Class GBPZ2A 3.17% Managed Funds Managed Funds
9 M&G (ACS) BlackRock Canada Equity Fund Z2A Acc 2.52% Managed Funds Managed Funds
10 M&G (LUX) FCP Pan European Smaller Co Fund Z2A Acc 2.47% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 CME S&P EMI FUT Jun24 3.04% Non-Classified Non-Classified
2 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 2.66% Technology Hardware & Equipment Taiwan
3 SAMSUNG ELECTRONICS CO. LTD 1.92% Telecommunications Equipment South Korea
4 AIA GROUP LIMITED 1.10% Life Insurance Hong Kong
5 MICROSOFT CORPORATION 0.94% Software & Computer Services United States
6 APPLE 0.87% Technology Hardware & Equipment United States
7 TENCENT HOLDINGS LIMITED 0.84% Software & Computer Services China
8 TOYOTA MOTOR CORPORATION 0.77% Automobiles & Parts Japan
9 HDFC BANK LIMITED 0.68% Banks India
10 DBS GROUP HOLDINGS LTD 0.65% Banks Singapore

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 13.76% - - - - - - 13.76%
Telecommunications - 4.97% - 0.04% - - - - 5.01%
Financials 0.11% 16.88% - 0.01% - - - - 17.00%
Real Estate - 1.71% - - - 0.78% - - 2.50%
Consumer Discretionary 0.17% 11.00% - 0.03% - - - - 11.19%
Consumer Staples 0.05% 3.17% - - - - - - 3.22%
Energy - 3.08% - - - - - - 3.09%
Utilities - 1.82% - - - - - - 1.82%
Health Care 0.01% 4.73% - - - - - - 4.73%
Industrials 0.15% 11.25% - - - - - - 11.40%
Basic Materials 0.02% 2.97% - - - - - - 2.99%
Cash and Equivalents - - - - - - - 21.69% 21.69%
Non-Classified 0.03% 0.02% - - - - 1.55% - 1.60%

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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 3168626
Mex Code PUINE
Isin Code GB0031686263
Citi Code P279

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 International Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies. It is actively managed against an internal benchmark asset allocation set by the M&G Treasury & Investment Office. It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
Benchmark Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO).
Sector ABI Global 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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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 2.13
Beta 0.84
Sharpe 0.41
Standard Deviation 9.66
Info Ratio 0.20

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
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 Yes
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).

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

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.

Solvency of Depository

The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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 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

Medium to Higher Risk

These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.

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.

Please note the performance figures for this fund's benchmark are not available until around week 3 after a quarter end. So the figures shown until then might be for the previous quarter.

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

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your 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.