Premier Miton Premier Miton Cautious Multi Asset Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
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 | -1.3% | 22.0% | -0.2% | -6.0% | 12.1% |
| Sector | -3.6% | 15.9% | -1.2% | -2.6% | 6.4% |
| Rank | 46/147 | 18/154 | 65/165 | 160/174 | 5/183 |
| Quartile | 2 | 1 | 2 | 4 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 1.7% | 4.8% | 4.9% | |
| Sector | 0.8% | 2.7% | 3.7% | |
| Rank | 48/165 | 12/147 | 12/103 | |
| Quartile | 2 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| META PLATFORMS | 1.12 |
| ALPHABET INC | 1.08 |
| CREDIT AGRICOLE SA | 1.02 |
| STARWOOD PROPERTY TRUST | 1.01 |
| RIO TINTO | 1.00 |
| MICROSOFT CORPORATION | 0.99 |
| ADOBE | 0.99 |
| ENI S.P.A. | 0.94 |
| INTESA SANPAOLO SPA | 0.93 |
| ENGIE | 0.92 |
| Total | 10.00 |
Fund Aims
To provide capital growth over the long-term being five years or more. Five years is also the minimum recommended period for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested. The fund manager will invest the fund’s assets in a global, diversified portfolio of investments across a range of asset classes including equities (company shares), fixed income (including bonds issued by governments and companies), property (including Real Estate Investment Trusts), commodities, cash and cash like investments. Exposure to equity and fixed income assets will be obtained through direct investment, but the investments in property and commodities will typically be indirect. There will be a broad spread of underlying assets, although equities and fixed income will be predominant. The fund manager may also invest in shares of collective investment schemes covering global markets and will usually maintain a portfolio of at least 100 individual investments. The fund manager will assess the broad economic environment, focusing on areas such as economic growth, inflation expectations and the outlook for interest rates, to determine the attractiveness of the asset classes in which the fund can invest. The fund may invest in derivatives and forward transactions (these are contracts whose value is based on the change in price of an underlying investment), for the purposes of efficient portfolio management including hedging (hedging is designed to offset the risk of another investment falling in price).
Fund Manager
Anthony Rayner joined Premier Miton in June 2014. Before joining Premier Miton, Anthony worked for Darwin Investment Managers, analysing portfolio construction and risk for the Darwin Multi Asset Fund alongside David Jane. Prior to this, he worked for M&G, focusing on portfolio construction and risk for UK equity funds and then for the multi asset fund range. Previously, he was a member of the Asset Allocation and Economics team at Merrill Lynch Investment Managers
David Jane joined Premier Miton in June 2014. He founded Darwin Investment Managers in September 2010 and prior to that he was Head of Equities Investments at M&G. David joined M&G in December 2000 as a Fund Manager in the global specialist equity team before becoming Head of Equities investments. Whilst there he was portfolio manager of the M&G Managed Fund and the M&G Cautious Multi Asset Fund, which he launched in February 2007 and grew to over £300 million during his tenure. Prior to M&G, David was the Head of Global Financials Research at AXA Investment Management and before that he was at Newton Investment Management as Director of Global Financials Research. He also served as Non-Executive Director of M&G High Income Investment Trust plc from October 2002 to July 2010.
Fund Overview
| Mid (02/05/2024) | 324.30p |
| Historic yield | 3.60% |
| Fund size (31/01/2024) | £286.53m |
| Number of holdings | 183 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
| Launch date | 31/12/1997 |
Asset Allocation
| International Equities | 48.67% | |
| International Bonds | 17.46% | |
| UK Equities | 10.29% | |
| UK Corporate Bonds | 10.27% | |
| Commodities | 7.80% | |
| Property | 1.75% | |
| Cash and Equivalents | 1.14% | |
| Alternative Trading Strategies | 0.97% | |
| Investment Trusts | 0.45% | |
| Other Assets | 1.21% |
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 | 48.67% | |
| International Bonds | 17.46% | |
| UK Equities | 10.29% | |
| UK Corporate Bonds | 10.27% | |
| Commodities | 7.80% | |
| Property | 1.75% | |
| Cash and Equivalents | 1.14% | |
| Alternative Trading Strategies | 0.97% | |
| Investment Trusts | 0.45% | |
| Other Assets | 1.21% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 27.73% | - | - | - | |
| Financials | 12.42% | - | - | - | |
| Banks | - | 5.79% | - | - | |
| Banks | - | - | 5.79% | - | |
| Banks | - | - | - | 5.79% | |
| Financial Services | - | 4.54% | - | - | |
| Mortgage Real Estate Investment Trusts | - | - | 2.30% | - | |
| Mortgage REITs: Residential | - | - | - | 1.75% | |
| Mortgage REITs: Commercial | - | - | - | 0.55% | |
| Investment Banking & Brokerage Services | - | - | 1.18% | - | |
| Asset Managers & Custodians | - | - | - | 1.18% | |
| Finance & Credit Services | - | - | 0.61% | - | |
| Consumer Lending | - | - | - | 0.61% | |
| Equity Investment Instruments | - | - | 0.45% | - | |
| Equity Investment Instruments | - | - | - | 0.45% | |
| Insurance | - | 2.09% | - | - | |
| Life Insurance | - | - | 2.09% | - | |
| Life Insurance | - | - | - | 2.09% | |
| Technology | 11.69% | - | - | - | |
| Technology | - | 11.69% | - | - | |
| Software & Computer Services | - | - | 8.38% | - | |
| Software | - | - | - | 3.40% | |
| Consumer Digital Services | - | - | - | 3.14% | |
| Computer Services | - | - | - | 1.84% | |
| Technology Hardware & Equipment | - | - | 3.31% | - | |
| Production Technology Equipment | - | - | - | 1.66% | |
| Electronic Components | - | - | - | 1.18% | |
| Computer Hardware | - | - | - | 0.48% | |
| Industrials | 9.80% | - | - | - | |
| Industrial Goods & Services | - | 7.27% | - | - | |
| Industrial Support Services | - | - | 3.06% | - | |
| Transaction Processing Services | - | - | - | 1.32% | |
| Industrial Suppliers | - | - | - | 0.86% | |
| Business Training & Employment Agencies | - | - | - | 0.55% | |
| Security Services | - | - | - | 0.34% | |
| Aerospace & Defence | - | - | 2.27% | - | |
| Aerospace | - | - | - | 1.30% | |
| Defense | - | - | - | 0.96% | |
| General Industrials | - | - | 0.96% | - | |
| Diversified Industrials | - | - | - | 0.96% | |
| Industrial Engineering | - | - | 0.63% | - | |
| Machinery: Industrial | - | - | - | 0.32% | |
| Machinery: Specialty | - | - | - | 0.30% | |
| Electronic & Electrical Equipment | - | - | 0.35% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 0.35% | |
| Construction & Materials | - | 2.53% | - | - | |
| Construction & Materials | - | - | 2.53% | - | |
| Construction | - | - | - | 0.82% | |
| Building: Climate Control | - | - | - | 0.61% | |
| Engineering & Contracting Services | - | - | - | 0.60% | |
| Cement | - | - | - | 0.50% | |
| Energy | 9.03% | - | - | - | |
| Energy | - | 9.03% | - | - | |
| Non-Renewable Energy | - | - | 8.32% | - | |
| Coal | - | - | - | 3.41% | |
| Integrated Oil & Gas | - | - | - | 2.03% | |
| Oil: Crude Producers | - | - | - | 1.07% | |
| Oil Refining and Marketing | - | - | - | 0.86% | |
| Oil Equipment & Services | - | - | - | 0.56% | |
| Offshore Drilling & Other Services | - | - | - | 0.38% | |
| Renewable Energy | - | - | 0.71% | - | |
| Alternative Fuels | - | - | - | 0.71% | |
| Commodities | 7.80% | - | - | - | |
| Commodities | - | 7.80% | - | - | |
| Commodities | - | - | 7.80% | - | |
| Commodities | - | - | - | 7.80% | |
| Basic Materials | 6.37% | - | - | - | |
| Basic Resources | - | 6.37% | - | - | |
| Industrial Metals & Mining | - | - | 4.89% | - | |
| General Mining | - | - | - | 3.03% | |
| Iron & Steel | - | - | - | 1.09% | |
| Metal Fabricating | - | - | - | 0.77% | |
| Industrial Materials | - | - | 1.16% | - | |
| Forestry | - | - | - | 0.58% | |
| Paper | - | - | - | 0.58% | |
| Precious Metals & Mining | - | - | 0.32% | - | |
| Gold Mining | - | - | - | 0.32% | |
| Consumer Discretionary | 4.91% | - | - | - | |
| Automobiles & Parts | - | 1.98% | - | - | |
| Automobiles & Parts | - | - | 1.98% | - | |
| Automobiles | - | - | - | 1.76% | |
| Auto Parts | - | - | - | 0.22% | |
| Consumer Products & Services | - | 1.71% | - | - | |
| Leisure Goods | - | - | 0.93% | - | |
| Consumer Electronics | - | - | - | 0.63% | |
| Recreational Vehicles & Boats | - | - | - | 0.30% | |
| Household Goods & Home Construction | - | - | 0.46% | - | |
| Home Construction | - | - | - | 0.46% | |
| Consumer Services | - | - | 0.31% | - | |
| Rental & Leasing Services: Consumer | - | - | - | 0.31% | |
| Retail | - | 1.23% | - | - | |
| Retailers | - | - | 1.23% | - | |
| Diversified Retailers | - | - | - | 0.92% | |
| Specialty Retailers | - | - | - | 0.31% | |
| Utilities | 2.69% | - | - | - | |
| Utilities | - | 2.69% | - | - | |
| Gas, Water & Multi-utilities | - | - | 1.76% | - | |
| Multi-Utilities | - | - | - | 1.76% | |
| Electricity | - | - | 0.93% | - | |
| Conventional Electricity | - | - | - | 0.93% | |
| Consumer Staples | 2.49% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.98% | - | - | |
| Tobacco | - | - | 1.98% | - | |
| Tobacco | - | - | - | 1.98% | |
| Personal Care, Drug & Grocery Stores | - | 0.51% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.51% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.51% | |
| Real Estate | 1.75% | - | - | - | |
| Real Estate | - | 1.75% | - | - | |
| Real Estate Investment Trusts | - | - | 1.75% | - | |
| Retail REITs | - | - | - | 1.07% | |
| Diversified REITs | - | - | - | 0.68% | |
| Non-Classified | 1.21% | - | - | - | |
| Cash and Equivalents | 1.14% | - | - | - | |
| Alternative Trading Strategies | 0.97% | - | - | - | |
| Alternative Trading Strategies | - | 0.97% | - | - | |
| Alternative Trading Strategies | - | - | 0.97% | - | |
| Alternative Trading Strategies | - | - | - | 0.97% | |
Regional Allocation
| North America | 25.88% | |
| UK | 20.56% | |
| Developed Europe - Excl UK | 17.79% | |
| Japan | 9.10% | |
| Commodities | 7.80% | |
| Emerging Asia | 5.23% | |
| Non-Classified | 5.11% | |
| Australia & New Zealand | 4.31% | |
| Property | 1.75% | |
| Other Regions | 2.48% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 71.13% | |
| Pound Sterling | 13.94% | |
| US Dollar | 13.11% | |
| Cash | 1.14% | |
| Euro | 0.68% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 25.88% | - | |
United States
|
- | 23.10% | |
Canada
|
- | 2.77% | |
| UK | 20.56% | - | |
United Kingdom
|
- | 20.56% | |
| Developed Europe - Excl UK | 17.79% | - | |
France
|
- | 6.46% | |
Italy
|
- | 2.47% | |
Ireland
|
- | 2.14% | |
Netherlands
|
- | 1.98% | |
Spain
|
- | 1.51% | |
Germany
|
- | 1.14% | |
Luxembourg
|
- | 0.67% | |
Finland
|
- | 0.58% | |
Switzerland
|
- | 0.38% | |
Denmark
|
- | 0.27% | |
Austria
|
- | 0.20% | |
| Japan | 9.10% | - | |
Japan
|
- | 9.10% | |
| Commodities | 7.80% | - | |
| Emerging Asia | 5.23% | - | |
India
|
- | 3.24% | |
China
|
- | 0.98% | |
South Korea
|
- | 0.61% | |
Indonesia
|
- | 0.40% | |
| Non-Classified | 5.11% | - | |
| Australia & New Zealand | 4.31% | - | |
Australia
|
- | 4.31% | |
| Property | 1.75% | - | |
| Cash and Equivalents | 1.14% | - | |
| Middle East & Africa | 0.81% | - | |
South Africa
|
- | 0.81% | |
| South & Central America | 0.52% | - | |
Mexico
|
- | 0.52% | |
Breakdown By Market Cap (%)
| Mega |
|
27.37% |
| Large |
|
8.82% |
| Medium |
|
18.43% |
| Small |
|
3.42% |
| Non-Classified |
|
13.09% |
| Bonds |
|
27.73% |
| Cash |
|
1.14% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
9.45% |
| 5Yr - 10Yr Maturity |
|
4.83% |
| 10Yr - 15Yr Maturity |
|
1.29% |
| > 15Yr Maturity |
|
12.16% |
| Cash And Equivalents |
|
1.14% |
| Unknown Maturity |
|
9.01% |
| Other Asset Types |
|
62.12% |
Fixed Interest Quality Profile
| AAA |
|
0.57% |
| AA |
|
0.59% |
| A |
|
1.34% |
| BBB |
|
11.74% |
| Sub-Investment Grade |
|
5.57% |
| Unknown Quality |
|
7.92% |
| Cash and Equivalents |
|
1.14% |
| Other Asset Types |
|
71.13% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | META PLATFORMS | 1.12% | Software & Computer Services | United States |
| 2 | ALPHABET INC | 1.08% | Software & Computer Services | United States |
| 3 | CREDIT AGRICOLE SA | 1.02% | Banks | France |
| 4 | STARWOOD PROPERTY TRUST | 1.01% | Mortgage Real Estate Investment Trusts | United States |
| 5 | RIO TINTO | 1.00% | Industrial Metals & Mining | United Kingdom |
| 6 | MICROSOFT CORPORATION | 0.99% | Software & Computer Services | United States |
| 7 | ADOBE | 0.99% | Software & Computer Services | United States |
| 8 | ENI S.P.A. | 0.94% | Non-Renewable Energy | Italy |
| 9 | INTESA SANPAOLO SPA | 0.93% | Banks | Italy |
| 10 | ENGIE | 0.92% | Gas, Water & Multi-utilities | France |
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 | B0W1V85 |
| Mex Code | CGMSPB |
| Isin Code | GB00B0W1V856 |
| Citi Code | QH74 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
Aims and Benchmark
| Aims | To provide capital growth over the long-term being five years or more. Five years is also the minimum recommended period for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested. The fund manager will invest the fund’s assets in a global, diversified portfolio of investments across a range of asset classes including equities (company shares), fixed income (including bonds issued by governments and companies), property (including Real Estate Investment Trusts), commodities, cash and cash like investments. Exposure to equity and fixed income assets will be obtained through direct investment, but the investments in property and commodities will typically be indirect. There will be a broad spread of underlying assets, although equities and fixed income will be predominant. The fund manager may also invest in shares of collective investment schemes covering global markets and will usually maintain a portfolio of at least 100 individual investments. The fund manager will assess the broad economic environment, focusing on areas such as economic growth, inflation expectations and the outlook for interest rates, to determine the attractiveness of the asset classes in which the fund can invest. The fund may invest in derivatives and forward transactions (these are contracts whose value is based on the change in price of an underlying investment), for the purposes of efficient portfolio management including hedging (hedging is designed to offset the risk of another investment falling in price). |
| Benchmark | IA Mixed Investment 20-60% Shares Sector |
| Benchmark Category | Comparator |
| IA Sector | Mixed Investment 20-60% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| 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 | No income |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 28 February |
| 01 July | 31 August |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Northern Trust Global Services SE |
| Fund Administrator | Northern Trust Global Services SE |
| Fund Registrar | Northern Trust Global Services SE |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Premier Miton Investors |
| Group address | Eastgate Court High Street Guildford Surrey GU1 3DE |
| Group telephone | 0845 6056363 |
| Dealing telephone | - |
| sales@premierfunds.co.uk | |
| Homepage | www.premiermiton.com |
| Fax number | 01483 300845 |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £1000 |
| Minimum Regular Saving | £50 |
| 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 | 0.88 |
| Beta | 0.85 |
| Sharpe | 0.00 |
| Standard Deviation | 6.77 |
| Info Ratio | 0.19 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| 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 | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
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 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
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.