Prudential M&G Episode Allocation S5

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund -0.7% 3.2% 2.1% 1.2% 5.7%
Sector 3.2% 3.5% 1.9% -3.5% 2.7%
Rank 209/230 119/231 113/231 8/231 25/231
Quartile 4 3 2 1 1

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 3.0% 2.3% 3.3%
Sector 0.3% 1.5% 2.4%
Rank 8/231 67/230 27/210
Quartile 1 2 1

Top 10 Holdings

Stock % Weight
USD/GBP GBP 17.51
EUR/GBP GBP 10.18
JPY/GBP GBP 7.12
UNITED KINGDOM (GOVERNMENT OF) 0% 07/05/2024 5.14
3¾% Treasury Gilt 2053 5.02
UNITED KINGDOM (GOVERNMENT OF) 0% 12/02/2024 4.15
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 8% 07/11/2047 4.01
KRW/USD USD 3.84
UNITED KINGDOM (GOVERNMENT OF) 0% 15/07/2024 3.42
UNITED KINGDOM TREASURY BILL 0% 28/05/2024 2.96
Total 63.35

Fund Aims

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

Underlying Fund Objective: The fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period. There is no guarantee that the fund will achieve a positive return over five years, or any other, period, and investors may not get back the original amount they invested.

Fund Manager

Craig Moran manager of the underlying fund for 13 years and 2 months

Photo of Craig Moran Craig Moran joined M&G in 2005 as a performance and risk analyst. He was appointed deputy fund manager of the M&G Managed Fund and the M&G Global Dynamic Allocation Fund in January 2011. Previously, he was fund manager assistant to the multi asset team for three years, and in 2010 became an investment analyst in that team. Craig has a bachelor of business from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.

Stuart Canning manager of the underlying fund for 4 years and 4 months

Photo of Stuart Canning Stuart Canning has worked with the multi asset team for twelve years and a research analyst since 2015. In those twelve years Stuart has worked closely across the various funds managed the team, and particularly closely with Tony Finding on the M&G Episode Allocation Fund. As well as providing input to investment decision making, Stuart has worked extensively on the marketing material of the M&G Episode Allocation fund to launch the proposition in the institutional space (as a competitor to ‘Diversified growth’ strategies). Stuart also represents the investment team in direct client and prospect meetings for this and other funds. Stuart has also been responsible for driving the written marketing material for the team, having written extensively for the Cayman-based Episode fund for over a decade and leading the team’s blog. Stuart is a Chartered Financial Analyst and has a degree in English and History from the University of York.

Tony Finding manager of the underlying fund for 13 years and 2 months

Photo of Tony Finding Tony Finding joined PPM (now M&G) in 1997 as an economist. Subsequently, he took responsibility for the generation of views on yield curve and foreign exchange trading opportunities. In 2001, Tony developed his expertise in credit and exotic fixed interest securities by spending time seconded to Prudential's US-based investment management team. Tony has been in his current role as a member of the multi asset team since 1999. In January 2011, Tony was appointed co-manager of the M&G Cautious Multi Asset Fund and the M&G Dynamic Allocation Fund. He has a BSc in economics from the LSE and is also a CFA charterholder.

Juan Nevado manager of the underlying fund for 13 years and 2 months

Photo of Juan Nevado Juan Nevado joined PPM (now M&G) in 1988 and has been working as part of the Multi Asset team led by Dave Fishwick since 1999. In January 2011, Juan was appointed co-manager of the M&G Episode Balanced Fund and the M&G Dynamic Allocation Fund. In November 2013, he was also appointed deputy manager of the M&G Income Allocation Fund upon its launch. Prior to joining M&G, Juan worked as a bond economist at the Bank of Montreal, and before that, as an economist for the Commodities Research Unit, a private business consultancy specialising in macro/micro research on commodities markets. Juan has a BSc in economics from the LSE and an MA in economics from Warwick University.

Fund Overview

Bid (28/03/2024) 256.90
Offer n/a
Fund size (29/02/2024) £13.87m
Underlying Fund size £218.78m
Number of holdings 2483
Launch date 01/04/2003

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.01%
Yearly Total 1.76%

Asset Allocation

pie chart
  International Bonds 15.01%
  Alternative Trading Strategies 13.16%
  International Equities 11.78%
  Commodities 6.66%
  UK Gilts 5.02%
  UK Equities 3.42%
  Money Market 2.83%
  UK Corporate Bonds 0.69%
  Property 0.13%
  Other Assets 41.32%
Portfolio data accurate as at: 31/01/24

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 Bonds 15.01%
  Alternative Trading Strategies 13.16%
  International Equities 11.78%
  Commodities 6.66%
  UK Gilts 5.02%
  UK Equities 3.42%
  Money Market 2.83%
  UK Corporate Bonds 0.69%
  Property 0.13%
  Other Assets 41.32%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Non-Classified 53.09% - - -
 
Non-Classified - 31.36% - -
 
Non-Classified - - 31.36% -
 
Non-Classified - - - 31.36%
 
Bonds 20.72% - - -
 
Alternative Trading Strategies 13.16% - - -
 
Alternative Trading Strategies - 13.16% - -
 
Alternative Trading Strategies - - 13.16% -
 
Alternative Trading Strategies - - - 13.16%
 
Commodities 6.66% - - -
 
Commodities - 6.66% - -
 
Commodities - - 6.66% -
 
Commodities - - - 6.66%
 
Financials 3.45% - - -
 
Banks - 2.27% - -
 
Banks - - 2.27% -
 
Banks - - - 2.27%
 
Insurance - 0.88% - -
 
Non-life Insurance - - 0.73% -
 
Full Line Insurance - - - 0.44%
 
Property & Casualty Insurance - - - 0.14%
 
Reinsurance - - - 0.14%
 
Life Insurance - - 0.15% -
 
Life Insurance - - - 0.15%
 
Financial Services - 0.31% - -
 
Investment Banking & Brokerage Services - - 0.30% -
 
Asset Managers & Custodians - - - 0.14%
 
Investment Services - - - 0.10%
 
Diversified Financial Services - - - 0.06%
 
Finance & Credit Services - - 0.00% -
 
Consumer Lending - - - 0.00%
 
Financial Data & Systems - - - 0.00%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Consumer Discretionary 1.95% - - -
 
Automobiles & Parts - 0.76% - -
 
Automobiles & Parts - - 0.76% -
 
Automobiles - - - 0.73%
 
Auto Parts - - - 0.02%
 
Tires - - - 0.01%
 
Retail - 0.39% - -
 
Retailers - - 0.39% -
 
Apparel Retailers - - - 0.21%
 
Diversified Retailers - - - 0.16%
 
Specialty Retailers - - - 0.02%
 
Consumer Products & Services - 0.34% - -
 
Consumer Services - - 0.14% -
 
Vending & Catering Service - - - 0.11%
 
Consumer Services: Misc. - - - 0.02%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Personal Goods - - 0.14% -
 
Clothing & Accessories - - - 0.08%
 
Footwear - - - 0.06%
 
Luxury Items - - - 0.00%
 
Cosmetics - - - 0.00%
 
Household Goods & Home Construction - - 0.03% -
 
Household Equipment & Products - - - 0.02%
 
Household Appliance - - - 0.01%
 
Household Furnishings - - - 0.00%
 
Leisure Goods - - 0.02% -
 
Electronic Entertainment - - - 0.02%
 
Recreational Vehicles & Boats - - - 0.00%
 
Consumer Electronics - - - 0.00%
 
Travel & Leisure - 0.26% - -
 
Travel & Leisure - - 0.26% -
 
Casinos & Gambling - - - 0.10%
 
Airlines - - - 0.06%
 
Travel & Tourism - - - 0.04%
 
Hotels & Motels - - - 0.03%
 
Restaurants & Bars - - - 0.03%
 
Recreational Services - - - 0.00%
 
Media - 0.21% - -
 
Media - - 0.21% -
 
Media Agencies - - - 0.12%
 
Radio & TV Broadcasters - - - 0.05%
 
Publishing - - - 0.03%
 
Entertainment - - - 0.00%
 
Industrials 1.85% - - -
 
Industrial Goods & Services - 1.51% - -
 
Aerospace & Defence - - 0.67% -
 
Aerospace - - - 0.61%
 
Defense - - - 0.06%
 
Industrial Transportation - - 0.29% -
 
Delivery Services - - - 0.14%
 
Transportation Services - - - 0.07%
 
Commercial Vehicles & Parts - - - 0.04%
 
Marine Transportation - - - 0.03%
 
Trucking - - - 0.01%
 
Railroad Equipment - - - 0.00%
 
Railroads - - - 0.00%
 
Commercial Vehicle-Equipment Leasing - - - 0.00%
 
General Industrials - - 0.27% -
 
Diversified Industrials - - - 0.26%
 
Containers & Packaging - - - 0.01%
 
Glass - - - 0.00%
 
Plastics - - - 0.00%
 
Paints & Coatings - - - 0.00%
 
Industrial Support Services - - 0.13% -
 
Industrial Suppliers - - - 0.04%
 
Business Training & Employment Agencies - - - 0.04%
 
Professional Business Support Services - - - 0.03%
 
Transaction Processing Services - - - 0.02%
 
Security Services - - - 0.00%
 
Industrial Engineering - - 0.09% -
 
Machinery: Agricultural - - - 0.06%
 
Machinery: Industrial - - - 0.02%
 
Machinery: Construction & Handling - - - 0.00%
 
Machinery: Engines - - - 0.00%
 
Machinery: Specialty - - - 0.00%
 
Machinery: Tools - - - 0.00%
 
Electronic & Electrical Equipment - - 0.06% -
 
Electrical Components - - - 0.06%
 
Electronic Equipment: Gauges & Meters - - - 0.00%
 
Electronic Equipment: Control & Filter - - - 0.00%
 
Electronic Equipment: Other - - - 0.00%
 
Construction & Materials - 0.33% - -
 
Construction & Materials - - 0.33% -
 
Construction - - - 0.17%
 
Engineering & Contracting Services - - - 0.13%
 
Cement - - - 0.02%
 
Building Materials: Other - - - 0.01%
 
Building: Climate Control - - - 0.00%
 
Utilities 1.19% - - -
 
Utilities - 1.19% - -
 
Electricity - - 0.82% -
 
Conventional Electricity - - - 0.80%
 
Alternative Electricity - - - 0.02%
 
Gas, Water & Multi-utilities - - 0.37% -
 
Multi-Utilities - - - 0.35%
 
Gas Distribution - - - 0.02%
 
Water - - - 0.00%
 
Waste & Disposal Services - - 0.00% -
 
Waste & Disposal Services - - - 0.00%
 
Technology 1.10% - - -
 
Technology - 1.10% - -
 
Software & Computer Services - - 0.84% -
 
Consumer Digital Services - - - 0.35%
 
Software - - - 0.33%
 
Computer Services - - - 0.16%
 
Technology Hardware & Equipment - - 0.25% -
 
Semiconductors - - - 0.23%
 
Electronic Components - - - 0.02%
 
Computer Hardware - - - 0.00%
 
Production Technology Equipment - - - 0.00%
 
Energy 0.99% - - -
 
Energy - 0.99% - -
 
Non-Renewable Energy - - 0.95% -
 
Integrated Oil & Gas - - - 0.74%
 
Pipelines - - - 0.08%
 
Oil: Crude Producers - - - 0.06%
 
Oil Equipment & Services - - - 0.05%
 
Coal - - - 0.01%
 
Oil Refining and Marketing - - - 0.01%
 
Renewable Energy - - 0.04% -
 
Alternative Fuels - - - 0.02%
 
Renewable Energy Equipment - - - 0.02%
 
Health Care 0.91% - - -
 
Health Care - 0.91% - -
 
Pharmaceuticals & Biotechnology - - 0.75% -
 
Pharmaceuticals - - - 0.60%
 
Biotechnology - - - 0.15%
 
Medical Equipment & Services - - 0.14% -
 
Medical Equipment - - - 0.09%
 
Medical Supplies - - - 0.04%
 
Medical Services - - - 0.00%
 
Health Care Providers - - 0.03% -
 
Health Care Services - - - 0.02%
 
Health Care Facilities - - - 0.00%
 
Basic Materials 0.56% - - -
 
Basic Resources - 0.35% - -
 
Industrial Metals & Mining - - 0.34% -
 
General Mining - - - 0.18%
 
Copper - - - 0.06%
 
Iron & Steel - - - 0.06%
 
Nonferrous Metals - - - 0.03%
 
Aluminum - - - 0.00%
 
Metal Fabricating - - - 0.00%
 
Precious Metals & Mining - - 0.01% -
 
Gold Mining - - - 0.01%
 
Industrial Materials - - 0.00% -
 
Diversified Materials - - - 0.00%
 
Paper - - - 0.00%
 
Chemicals - 0.21% - -
 
Chemicals - - 0.21% -
 
Chemicals: Diversified - - - 0.19%
 
Specialty Chemicals - - - 0.02%
 
Fertilizers - - - 0.00%
 
Chemicals & Synthetic Fibers - - - 0.00%
 
Telecommunications 0.53% - - -
 
Telecommunications - 0.53% - -
 
Telecommunications Service Providers - - 0.51% -
 
Telecommunications Services - - - 0.51%
 
Telecommunications Equipment - - 0.02% -
 
Telecommunications Equipment - - - 0.02%
 
Consumer Staples 0.48% - - -
 
Food, Beverage & Tobacco - 0.27% - -
 
Food Producers - - 0.13% -
 
Food Products - - - 0.09%
 
Fruit & Grain Processing - - - 0.02%
 
Farming, Fishing, Ranching & Plantations - - - 0.02%
 
Tobacco - - 0.08% -
 
Tobacco - - - 0.08%
 
Beverages - - 0.06% -
 
Distillers & Vintners - - - 0.05%
 
Brewers - - - 0.01%
 
Soft Drinks - - - 0.01%
 
Personal Care, Drug & Grocery Stores - 0.20% - -
 
Personal Care, Drug & Grocery Stores - - 0.20% -
 
Personal Products - - - 0.19%
 
Drug Retailers - - - 0.01%
 
Food Retailers & Wholesalers - - - 0.00%
 
Nondurable Household Products - - - 0.00%
 
Real Estate 0.27% - - -
 
Real Estate - 0.27% - -
 
Real Estate Investment Trusts - - 0.16% -
 
Industrial REITs - - - 0.04%
 
Retail REITs - - - 0.03%
 
Diversified REITs - - - 0.03%
 
Office REITs - - - 0.02%
 
Other Specialty REITs - - - 0.02%
 
Hotel & Lodging REITs - - - 0.01%
 
Health Care REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.10% -
 
Real Estate Holding and Development - - - 0.09%
 
Real Estate Services - - - 0.01%
 
Cash and Equivalents -6.89% - - -

Regional Allocation

pie chart
  Non-Classified 64.69%
  Developed Europe - Excl UK 16.56%
  UK 9.13%
  South & Central America 6.30%
  North America 3.70%
  Emerging Asia 2.82%
  Middle East & Africa 2.60%
  Developed Asia 0.89%
  Property 0.12%
  Other Regions -6.79%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 89.03%
  Pound Sterling 5.78%
  Mexican Peso 4.01%
  US Dollar 3.46%
  Euro 2.63%
  Rand 2.59%
  Other Currencies -7.49%

Regional Breakdown

Expand allCollapse all
Region Country
 
Non-Classified 64.69% -
 
Developed Europe - Excl UK 16.56% -
 
Luxembourg - 6.92%
 
Germany - 2.56%
 
Spain - 2.13%
 
Italy - 2.00%
 
Netherlands - 1.72%
 
France - 0.44%
 
Ireland - 0.33%
 
Sweden - 0.10%
 
Belgium - 0.10%
 
Austria - 0.08%
 
Iceland - 0.04%
 
Switzerland - 0.04%
 
Portugal - 0.04%
 
Finland - 0.03%
 
Denmark - 0.01%
 
Norway - 0.01%
 
UK 9.13% -
 
United Kingdom - 9.13%
 
South & Central America 6.30% -
 
Mexico - 4.03%
 
Brazil - 2.25%
 
Colombia - 0.01%
 
Chile - 0.00%
 
Cayman Islands - 0.00%
 
North America 3.70% -
 
United States - 3.61%
 
Canada - 0.09%
 
Emerging Asia 2.82% -
 
Taiwan - 1.11%
 
Indonesia - 0.95%
 
China - 0.76%
 
Macau - 0.00%
 
Middle East & Africa 2.60% -
 
South Africa - 2.59%
 
Israel - 0.00%
 
Developed Asia 0.89% -
 
Singapore - 0.79%
 
Hong Kong - 0.10%
 
Property 0.12% -
 
Australia & New Zealand 0.06% -
 
Australia - 0.06%
 
Emerging Europe 0.02% -
 
Greece - 0.01%
 
Poland - 0.00%
 
Japan 0.02% -
 
Japan - 0.02%
 
Cash and Equivalents -6.89% -

Breakdown By Market Cap (%)

Mega
 
 
7.69%
Large
 
 
2.53%
Medium
 
 
1.47%
Small
 
 
0.63%
Micro
 
 
0.15%
Non-Classified
 
 
73.71%
Bonds
 
 
20.72%
Cash
 
-6.89%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
4.22%
5Yr - 10Yr Maturity
 
 
1.44%
10Yr - 15Yr Maturity
 
 
2.77%
> 15Yr Maturity
 
 
12.28%
Cash And Equivalents
 
-6.89%
Unknown Maturity
 
 
21.72%
Other Asset Types
 
 
64.45%

Fixed Interest Quality Profile

AAA
 
 
2.45%
AA
 
 
5.05%
A
 
 
0.22%
BBB
 
 
5.12%
Sub-Investment Grade
 
 
3.73%
Unknown Quality
 
 
4.15%
Cash and Equivalents
 
-6.89%
Other Asset Types
 
 
86.17%

Top 10 Holdings

Stock % Weight Sector Country
1 USD/GBP GBP 17.51% Non-Classified Non-Classified
2 EUR/GBP GBP 10.18% Non-Classified Non-Classified
3 JPY/GBP GBP 7.12% Non-Classified Non-Classified
4 UNITED KINGDOM (GOVERNMENT OF) 0% 07/05/2024 5.14% Non-Classified Non-Classified
5 3¾% Treasury Gilt 2053 5.02% Bonds United Kingdom
6 UNITED KINGDOM (GOVERNMENT OF) 0% 12/02/2024 4.15% Non-Classified Non-Classified
7 MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 8% 07/11/2047 4.01% Bonds Mexico
8 KRW/USD USD 3.84% Non-Classified Non-Classified
9 UNITED KINGDOM (GOVERNMENT OF) 0% 15/07/2024 3.42% Non-Classified Non-Classified
10 UNITED KINGDOM TREASURY BILL 0% 28/05/2024 2.96% Non-Classified Non-Classified

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 3279982
Mex Code VNMGC5
Isin Code GB0032799826
Citi Code P155

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.01%
Yearly Total 1.76%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund - the underlying fund. Underlying Fund Objective: The fund aims to deliver a total return (the combination of capital growth and income) of at least 5% per annum above the Sterling Overnight Index Average (SONIA), before any charges are taken, over any five-year period. There is no guarantee that the fund will achieve a positive return over five years, or any other, period, and investors may not get back the original amount they invested.
Benchmark SONIA + 5%
ABI Sector Mixed Investment 20-60% Shares

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 2.18
Beta 0.96
Sharpe 0.00
Standard Deviation 6.63
Info Ratio 0.75

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
Concentrated Portfolio No
Smaller Companies Yes
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 Yes
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).

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.

Smaller Companies

The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can 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.

Derivative Exposure

The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.

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.