BNY Mellon Multi-Asset Income (GB) Class W Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 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 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 35.1% | 9.3% | 0.3% | 4.1% | 3.1% |
| Sector | 26.4% | 5.2% | -4.5% | 10.2% | 3.3% |
| Rank | 22/174 | 27/188 | 11/197 | 200/204 | 133/220 |
| Quartile | 1 | 1 | 1 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 2.5% | 9.7% | 6.0% | |
| Sector | 2.8% | 7.7% | 4.8% | |
| Rank | 113/197 | 32/174 | 21/110 | |
| Quartile | 3 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.93 |
| 3½% Treasury Gilt 2045 | 2.38 |
| BRITISH AMERICAN TOBACCO | 2.05 |
| USA Treasury Bonds 2.875% 15/05/2043 USD100 | 2.04 |
| 2% Treasury Gilt 2025 | 1.66 |
| JIANGSU EXPRESSWAY COMPANY LIMITED | 1.65 |
| CME GROUP | 1.56 |
| 4¼% Treasury Gilt 2039 | 1.51 |
| MEDTRONIC | 1.50 |
| MEDIATEK | 1.50 |
| Total | 18.78 |
Fund Aims
The investment objective is to provide income with the potential for capital growth over the longer term.
Fund Manager
Paul is a portfolio manager and strategist at Newton. He is a portfolio manager on the Newton Global Income strategy and is also lead manager of the Newton Multi-Asset Income strategy and the Newton Multi-Asset Diversified Return strategy. He also provides leadership and analysis on asset allocation, derivatives and convertible bonds for the wider firm, having spent the earlier part of his career working on strategic asset allocation and derivative strategy. Paul is responsible for generating ideas within alternative assets and has been leading in this area since 2008. He is a member of the asset class strategy group and provides feedback to the wider house on strategic and tactical asset allocation.
Paul joined Newton in 2004. He is a CFA1 charterholder and has completed the certificate in quantitative finance (CQF) after passing with distinction. Paul studied Astrophysics at the University of St Andrews and is a keen cyclist and runner, having recently cycled the length of the UK from Land’s End to John O’Groats and often participates in marathons.
Fund Overview
| Mid (29/04/2025) | 183.25p |
| Historic yield | 4.26% |
| Fund size (31/01/2025) | £235.88m |
| Number of holdings | 125 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
| Launch date | 04/02/2015 |
Asset Allocation
| International Equities | 41.96% | |
| UK Equities | 19.45% | |
| International Bonds | 16.28% | |
| Investment Trusts | 11.05% | |
| UK Gilts | 5.55% | |
| Cash and Equivalents | 1.67% | |
| UK Corporate Bonds | 1.44% | |
| Alternative Trading Strategies | 1.30% | |
| Other Assets | 1.30% |
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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 41.96% | |
| UK Equities | 19.45% | |
| International Bonds | 16.28% | |
| Investment Trusts | 11.05% | |
| UK Gilts | 5.55% | |
| Cash and Equivalents | 1.67% | |
| UK Corporate Bonds | 1.44% | |
| Alternative Trading Strategies | 1.30% | |
| Other Assets | 1.30% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 26.36% | - | - | - | |
| Financial Services | - | 15.86% | - | - | |
| Equity Investment Instruments | - | - | 11.05% | - | |
| Equity Investment Instruments | - | - | - | 11.05% | |
| Investment Banking & Brokerage Services | - | - | 4.61% | - | |
| Investment Services | - | - | - | 3.57% | |
| Asset Managers & Custodians | - | - | - | 1.03% | |
| Finance & Credit Services | - | - | 0.20% | - | |
| Consumer Lending | - | - | - | 0.20% | |
| Insurance | - | 7.50% | - | - | |
| Non-life Insurance | - | - | 3.96% | - | |
| Full Line Insurance | - | - | - | 2.78% | |
| Reinsurance | - | - | - | 1.18% | |
| Life Insurance | - | - | 3.53% | - | |
| Life Insurance | - | - | - | 3.53% | |
| Banks | - | 3.01% | - | - | |
| Banks | - | - | 3.01% | - | |
| Banks | - | - | - | 3.01% | |
| Bonds | 23.27% | - | - | - | |
| Industrials | 12.51% | - | - | - | |
| Industrial Goods & Services | - | 10.31% | - | - | |
| Industrial Transportation | - | - | 4.63% | - | |
| Transportation Services | - | - | - | 3.04% | |
| Delivery Services | - | - | - | 0.82% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.78% | |
| Industrial Support Services | - | - | 2.32% | - | |
| Industrial Suppliers | - | - | - | 1.41% | |
| Professional Business Support Services | - | - | - | 0.91% | |
| General Industrials | - | - | 1.31% | - | |
| Diversified Industrials | - | - | - | 1.31% | |
| Electronic & Electrical Equipment | - | - | 1.18% | - | |
| Electronic Equipment: Other | - | - | - | 0.85% | |
| Electrical Components | - | - | - | 0.33% | |
| Aerospace & Defence | - | - | 0.88% | - | |
| Defense | - | - | - | 0.88% | |
| Construction & Materials | - | 2.19% | - | - | |
| Construction & Materials | - | - | 2.19% | - | |
| Engineering & Contracting Services | - | - | - | 1.19% | |
| Cement | - | - | - | 0.50% | |
| Building: Climate Control | - | - | - | 0.50% | |
| Technology | 7.32% | - | - | - | |
| Technology | - | 7.32% | - | - | |
| Technology Hardware & Equipment | - | - | 6.27% | - | |
| Semiconductors | - | - | - | 4.42% | |
| Computer Hardware | - | - | - | 1.11% | |
| Production Technology Equipment | - | - | - | 0.73% | |
| Software & Computer Services | - | - | 1.06% | - | |
| Software | - | - | - | 1.06% | |
| Consumer Discretionary | 6.22% | - | - | - | |
| Media | - | 3.85% | - | - | |
| Media | - | - | 3.85% | - | |
| Media Agencies | - | - | - | 1.47% | |
| Radio & TV Broadcasters | - | - | - | 1.24% | |
| Publishing | - | - | - | 1.14% | |
| Retail | - | 1.52% | - | - | |
| Retailers | - | - | 1.52% | - | |
| Diversified Retailers | - | - | - | 1.52% | |
| Consumer Products & Services | - | 0.48% | - | - | |
| Household Goods & Home Construction | - | - | 0.48% | - | |
| Home Construction | - | - | - | 0.48% | |
| Automobiles & Parts | - | 0.37% | - | - | |
| Automobiles & Parts | - | - | 0.37% | - | |
| Automobiles | - | - | - | 0.37% | |
| Energy | 3.93% | - | - | - | |
| Energy | - | 3.93% | - | - | |
| Non-Renewable Energy | - | - | 3.93% | - | |
| Integrated Oil & Gas | - | - | - | 1.99% | |
| Oil: Crude Producers | - | - | - | 1.45% | |
| Oil Refining and Marketing | - | - | - | 0.49% | |
| Consumer Staples | 3.91% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.05% | - | - | |
| Tobacco | - | - | 2.05% | - | |
| Tobacco | - | - | - | 2.05% | |
| Personal Care, Drug & Grocery Stores | - | 1.86% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.86% | - | |
| Nondurable Household Products | - | - | - | 1.19% | |
| Personal Products | - | - | - | 0.67% | |
| Health Care | 3.91% | - | - | - | |
| Health Care | - | 3.91% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.41% | - | |
| Pharmaceuticals | - | - | - | 2.41% | |
| Medical Equipment & Services | - | - | 1.50% | - | |
| Medical Equipment | - | - | - | 1.50% | |
| Utilities | 3.55% | - | - | - | |
| Utilities | - | 3.55% | - | - | |
| Gas, Water & Multi-utilities | - | - | 1.89% | - | |
| Multi-Utilities | - | - | - | 1.89% | |
| Electricity | - | - | 1.67% | - | |
| Alternative Electricity | - | - | - | 1.13% | |
| Conventional Electricity | - | - | - | 0.54% | |
| Basic Materials | 2.03% | - | - | - | |
| Basic Resources | - | 2.03% | - | - | |
| Industrial Metals & Mining | - | - | 1.23% | - | |
| General Mining | - | - | - | 1.23% | |
| Industrial Materials | - | - | 0.80% | - | |
| Paper | - | - | - | 0.80% | |
| Non-Classified | 1.69% | - | - | - | |
| Non-Classified | - | 0.27% | - | - | |
| Non-Classified | - | - | 0.27% | - | |
| Non-Classified | - | - | - | 0.27% | |
| Cash and Equivalents | 1.67% | - | - | - | |
| Real Estate | 1.39% | - | - | - | |
| Real Estate | - | 1.39% | - | - | |
| Real Estate Investment Trusts | - | - | 1.39% | - | |
| Office REITs | - | - | - | 1.39% | |
| Alternative Trading Strategies | 1.30% | - | - | - | |
| Alternative Trading Strategies | - | 1.30% | - | - | |
| Alternative Trading Strategies | - | - | 1.30% | - | |
| Alternative Trading Strategies | - | - | - | 1.30% | |
| Telecommunications | 0.94% | - | - | - | |
| Telecommunications | - | 0.94% | - | - | |
| Telecommunications Equipment | - | - | 0.79% | - | |
| Telecommunications Equipment | - | - | - | 0.79% | |
| Telecommunications Service Providers | - | - | 0.15% | - | |
| Telecommunications Services | - | - | - | 0.15% | |
Regional Allocation
| UK | 27.05% | |
| North America | 20.90% | |
| Non-Classified | 17.48% | |
| Developed Europe - Excl UK | 13.70% | |
| Emerging Asia | 8.36% | |
| Australia & New Zealand | 5.79% | |
| South & Central America | 3.48% | |
| Cash and Equivalents | 1.67% | |
| Developed Asia | 1.29% | |
| Japan | 0.27% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 75.06% | |
| Pound Sterling | 7.95% | |
| US Dollar | 6.55% | |
| New Zealand Dollar | 2.39% | |
| Cash | 1.67% | |
| Euro | 1.51% | |
| Other Currencies | 4.88% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 27.05% | - | |
United Kingdom
|
- | 26.44% | |
Jersey
|
- | 0.61% | |
| North America | 20.90% | - | |
United States
|
- | 18.78% | |
Canada
|
- | 2.12% | |
| Non-Classified | 17.48% | - | |
| Developed Europe - Excl UK | 13.70% | - | |
Ireland
|
- | 3.63% | |
Germany
|
- | 2.81% | |
France
|
- | 2.61% | |
Luxembourg
|
- | 1.26% | |
Netherlands
|
- | 1.24% | |
Switzerland
|
- | 1.23% | |
Denmark
|
- | 0.36% | |
Italy
|
- | 0.26% | |
Sweden
|
- | 0.16% | |
Spain
|
- | 0.14% | |
| Emerging Asia | 8.36% | - | |
Taiwan
|
- | 4.42% | |
China
|
- | 1.65% | |
South Korea
|
- | 1.12% | |
India
|
- | 0.92% | |
Indonesia
|
- | 0.25% | |
| Australia & New Zealand | 5.79% | - | |
Australia
|
- | 3.25% | |
New Zealand
|
- | 2.54% | |
| South & Central America | 3.48% | - | |
Brazil
|
- | 1.84% | |
Mexico
|
- | 1.14% | |
Colombia
|
- | 0.33% | |
Peru
|
- | 0.18% | |
| Cash and Equivalents | 1.67% | - | |
| Developed Asia | 1.29% | - | |
Hong Kong
|
- | 1.28% | |
Singapore
|
- | 0.01% | |
| Japan | 0.27% | - | |
Japan
|
- | 0.27% | |
Breakdown By Market Cap (%)
| Mega |
|
29.58% |
| Large |
|
11.69% |
| Medium |
|
7.08% |
| Small |
|
5.23% |
| Micro |
|
1.80% |
| Non-Classified |
|
19.68% |
| Bonds |
|
23.27% |
| Cash |
|
1.67% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
8.50% |
| 5Yr - 10Yr Maturity |
|
2.50% |
| 10Yr - 15Yr Maturity |
|
4.41% |
| > 15Yr Maturity |
|
7.85% |
| Cash And Equivalents |
|
1.67% |
| Unknown Maturity |
|
2.33% |
| Other Asset Types |
|
72.73% |
Fixed Interest Quality Profile
| AAA |
|
8.49% |
| AA |
|
5.55% |
| A |
|
0.18% |
| BBB |
|
3.21% |
| Sub-Investment Grade |
|
1.44% |
| Unknown Quality |
|
4.40% |
| Cash and Equivalents |
|
1.67% |
| Other Asset Types |
|
75.06% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.93% | Technology Hardware & Equipment | Taiwan |
| 2 | 3½% Treasury Gilt 2045 | 2.38% | Bonds | United Kingdom |
| 3 | BRITISH AMERICAN TOBACCO | 2.05% | Tobacco | United Kingdom |
| 4 | USA Treasury Bonds 2.875% 15/05/2043 USD100 | 2.04% | Bonds | United States |
| 5 | 2% Treasury Gilt 2025 | 1.66% | Bonds | United Kingdom |
| 6 | JIANGSU EXPRESSWAY COMPANY LIMITED | 1.65% | Industrial Transportation | China |
| 7 | CME GROUP | 1.56% | Investment Banking & Brokerage Services | United States |
| 8 | 4¼% Treasury Gilt 2039 | 1.51% | Bonds | United Kingdom |
| 9 | MEDTRONIC | 1.50% | Medical Equipment & Services | Ireland |
| 10 | MEDIATEK | 1.50% | Technology Hardware & Equipment | Taiwan |
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. 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 report or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BP851Q4 |
| Mex Code | - |
| Isin Code | GB00BP851Q49 |
| Citi Code | M40O |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
Aims and Benchmark
| Aims | The investment objective is to provide income with the potential for capital growth over the longer term. |
| Benchmark | 60% MSCI AC World TR GBP / 40% BoA ML Global Broad Market Index TR GBPH |
| Benchmark Category | - |
| IA Sector | Mixed Investment 40-85% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Monthly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 02 January | 30 January |
| 01 February | 28 February |
| 01 March | 27 March |
| 03 April | 27 April |
| 02 May | 30 May |
| 01 June | 29 June |
| 03 July | 31 July |
| 01 August | 30 August |
| 01 September | 28 September |
| 02 October | 30 October |
| 01 November | 29 November |
| 01 December | 28 December |
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 | The National Westminster Bank plc |
| Fund Administrator | Bank of New York Mellon (International) Limited |
| Fund Registrar | BNY Mellon Fund Managers Limited |
| Fund Custodian | The National Westminster Bank plc |
Group Details
| Group name | BNY Mellon Fund Management (Luxembourg) S.A. |
| Group address | BNY Mellon Asset Management International Limited The Bank of New York Mellon Centre 160 Queen Victoria Street London EC4V 4LA United Kingdom |
| Group telephone | 0500 66 00 00 |
| Dealing telephone | - |
| - | |
| Homepage | www.bnymellonam.com |
| Fax number | - |
Dealing
| Minimum Investment | £10000000 |
| Minimum Top Up | £250 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
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. 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 report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.15 |
| Beta | 0.86 |
| Sharpe | 0.00 |
| Standard Deviation | 7.44 |
| Info Ratio | -0.18 |
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 | Yes |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | Yes |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | Yes |
| Solvency of Depository | Yes |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | Yes |
| 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.
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Property
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
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.
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.
New Fund
The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.
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.
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.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. 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 may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.