PIA Fidelity European Multi Asset Income EUR Ser B

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 7.0% 0.4% 2.8% -7.1% 4.0%
Sector 4.9% 4.2% 4.2% -6.3% 6.0%
Rank 76/239 190/248 169/265 150/271 204/280
Quartile 2 4 3 3 3

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund -0.3% 1.3% 1.6%
Sector 1.1% 2.5% 2.8%
Rank 178/265 155/239 127/169
Quartile 3 3 3

Top 10 Holdings

Stock % Weight
GERMANY FEDERAL REPUBLIC OF 0% 04/17/2024 REGS 4.17
GERMANY FEDERAL REPUBLIC OF 0% 02/21/2024 REGS 1.64
GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2033 REGS 1.21
UNITED KINGDOM G.B.&N.IRELAND 0% 04/08/2024 1.02
FERROVIAL SE 0.87
UNITED KINGDOM G.B.&N.IRELAND 0% 02/26/2024 0.85
ALLIANZ SE 0.75
3i Group Plc 3i Group Plc Ord GBP0.738636 0.72
Sequoia Investment Management Company Sequoia Economic Infrastructure Income Fund Ord NPV 0.68
INDUSTRIA DE DISENO TEXTIL SA 0.67
Total 12.59

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Fidelity European Multi Asset Income Fund - the underlying fund.

Underlying Fund Objective: The fund aims to provide income by investing primarily in equities and fixed income securities issued by both companies that are listed in, or have their registered office in, or exercise a majority of their activity in Europe, and European governments. The fund will actively allocate to, and within, different asset classes based on their potential to generate income. The main asset classes in which the fund will invest include fixed income securities (including investment grade and high yield bonds), equities and alternative assets, such as (but not limited to) infrastructure securities and closed-ended REITs. A minimum of 50% of the fund's net assets will be invested in securities deemed to maintain sustainable characteristics. The fund is actively managed without reference to an index. The fund's exposure to Distressed Securities is limited to 10% of its assets.

The fund may invest up to 20% of its net assets in non-European investments (including less than 10% of its net assets in China shares and fixed income securities). The fund is denominated in euros.

Fund Manager

Becky Qin manager of the underlying fund for 0 years and 5 months

Photo of Becky Qin TBC

George Efstathopoulos manager of the underlying fund for 4 years and 5 months

Photo of George Efstathopoulos George joined Fidelity in September 2011 as a Fixed Income Research Analyst for Fidelity Solutions, and was promoted to Assistant Portfolio Manager in December 2013. He became a Co-Portfolio Manager in January 2015. Prior to joining Fidelity, George was responsible for Fixed Income manager research and portfolio management at Stamford Associates. George began his career with Russell Investments where he joined as a capital markets intern before participating in the graduate scheme at Russell’s headquarters in Seattle, US. He then returned to London in the capacity of portfolio analyst and subsequently research analyst in the Fixed Income team. He received an MSc in Management Science and Operational Research from Warwick Business School in 2004 and a BSc in Management from the University of Southampton in 2003.

Eugene Philalithis manager of the underlying fund for 10 years and 10 months

Photo of Eugene Philalithis Eugene Philalithis joined Fidelity in 2006 as a portfolio manager within our Global High Income team, before moving to the MultiManager Income team in 2009. Prior to this he was spent seven years at Russell Investments, preceded by the Canadian Bank of Commerce in Singapore, where he started in 1996. Eugene holds both a Bachelor of Engineering and an MBA from Imperial College London

Fund Overview

Bid (27/03/2024) 1.70
Offer (27/03/2024) 1.79
Fund size (29/02/2024) €1.42m
Underlying Fund size £454.23m
Number of holdings 1508
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.58%
Further Costs 0.53%
Yearly Total 2.11%

Asset Allocation

pie chart
  International Bonds 53.26%
  International Equities 14.53%
  UK Corporate Bonds 10.21%
  UK Equities 6.28%
  Cash and Equivalents 4.29%
  Investment Trusts 2.75%
  Property 0.39%
  Alternative Trading Strategies 0.37%
  Money Market 0.01%
  Other Assets 7.90%
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 the fund's currency of denomination 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 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 53.26%
  International Equities 14.53%
  UK Corporate Bonds 10.21%
  UK Equities 6.28%
  Cash and Equivalents 4.29%
  Investment Trusts 2.75%
  Property 0.39%
  Alternative Trading Strategies 0.37%
  Money Market 0.01%
  Other Assets 7.90%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 63.47% - - -
 
Non-Classified 9.02% - - -
 
Non-Classified - 2.57% - -
 
Non-Classified - - 2.57% -
 
Non-Classified - - - 2.57%
 
Financials 8.36% - - -
 
Financial Services - 4.13% - -
 
Equity Investment Instruments - - 2.75% -
 
Equity Investment Instruments - - - 2.75%
 
Investment Banking & Brokerage Services - - 1.38% -
 
Asset Managers & Custodians - - - 0.83%
 
Investment Services - - - 0.55%
 
Insurance - 3.19% - -
 
Non-life Insurance - - 2.94% -
 
Full Line Insurance - - - 1.64%
 
Property & Casualty Insurance - - - 0.68%
 
Reinsurance - - - 0.61%
 
Life Insurance - - 0.25% -
 
Life Insurance - - - 0.25%
 
Banks - 1.04% - -
 
Banks - - 1.04% -
 
Banks - - - 1.04%
 
Cash and Equivalents 4.30% - - -
 
Consumer Discretionary 2.76% - - -
 
Media - 1.31% - -
 
Media - - 1.31% -
 
Publishing - - - 0.96%
 
Media Agencies - - - 0.36%
 
Retail - 0.72% - -
 
Retailers - - 0.72% -
 
Apparel Retailers - - - 0.67%
 
Home Improvement Retailers - - - 0.03%
 
Diversified Retailers - - - 0.02%
 
Automobiles & Parts - 0.40% - -
 
Automobiles & Parts - - 0.40% -
 
Auto Parts - - - 0.40%
 
Tires - - - 0.00%
 
Consumer Products & Services - 0.27% - -
 
Household Goods & Home Construction - - 0.22% -
 
Home Construction - - - 0.22%
 
Personal Goods - - 0.05% -
 
Footwear - - - 0.03%
 
Clothing & Accessories - - - 0.01%
 
Travel & Leisure - 0.06% - -
 
Travel & Leisure - - 0.06% -
 
Airlines - - - 0.05%
 
Hotels & Motels - - - 0.01%
 
Industrials 2.50% - - -
 
Industrial Goods & Services - 1.63% - -
 
General Industrials - - 0.68% -
 
Diversified Industrials - - - 0.42%
 
Containers & Packaging - - - 0.25%
 
Industrial Engineering - - 0.59% -
 
Machinery: Tools - - - 0.23%
 
Machinery: Industrial - - - 0.19%
 
Machinery: Construction & Handling - - - 0.17%
 
Electronic & Electrical Equipment - - 0.30% -
 
Electrical Components - - - 0.30%
 
Industrial Support Services - - 0.07% -
 
Industrial Suppliers - - - 0.03%
 
Professional Business Support Services - - - 0.02%
 
Business Training & Employment Agencies - - - 0.01%
 
Construction & Materials - 0.87% - -
 
Construction & Materials - - 0.87% -
 
Construction - - - 0.87%
 
Consumer Staples 2.43% - - -
 
Personal Care, Drug & Grocery Stores - 1.83% - -
 
Personal Care, Drug & Grocery Stores - - 1.83% -
 
Food Retailers & Wholesalers - - - 0.68%
 
Personal Products - - - 0.61%
 
Nondurable Household Products - - - 0.53%
 
Food, Beverage & Tobacco - 0.59% - -
 
Food Producers - - 0.42% -
 
Food Products - - - 0.42%
 
Beverages - - 0.14% -
 
Soft Drinks - - - 0.11%
 
Distillers & Vintners - - - 0.03%
 
Tobacco - - 0.03% -
 
Tobacco - - - 0.03%
 
Health Care 1.76% - - -
 
Health Care - 1.76% - -
 
Pharmaceuticals & Biotechnology - - 1.66% -
 
Pharmaceuticals - - - 1.65%
 
Biotechnology - - - 0.00%
 
Medical Equipment & Services - - 0.07% -
 
Medical Supplies - - - 0.05%
 
Medical Equipment - - - 0.02%
 
Health Care Providers - - 0.03% -
 
Health Care Services - - - 0.03%
 
Utilities 1.75% - - -
 
Utilities - 1.75% - -
 
Electricity - - 1.40% -
 
Conventional Electricity - - - 0.80%
 
Alternative Electricity - - - 0.60%
 
Gas, Water & Multi-utilities - - 0.35% -
 
Multi-Utilities - - - 0.30%
 
Water - - - 0.04%
 
Telecommunications 1.00% - - -
 
Telecommunications - 1.00% - -
 
Telecommunications Service Providers - - 0.93% -
 
Telecommunications Services - - - 0.93%
 
Telecommunications Equipment - - 0.06% -
 
Telecommunications Equipment - - - 0.06%
 
Energy 0.81% - - -
 
Energy - 0.81% - -
 
Non-Renewable Energy - - 0.81% -
 
Integrated Oil & Gas - - - 0.60%
 
Oil: Crude Producers - - - 0.21%
 
Oil Equipment & Services - - - 0.01%
 
Technology 0.73% - - -
 
Technology - 0.73% - -
 
Software & Computer Services - - 0.73% -
 
Computer Services - - - 0.48%
 
Software - - - 0.17%
 
Consumer Digital Services - - - 0.07%
 
Technology Hardware & Equipment - - 0.01% -
 
Semiconductors - - - 0.01%
 
Computer Hardware - - - 0.00%
 
Basic Materials 0.49% - - -
 
Basic Resources - 0.49% - -
 
Industrial Materials - - 0.44% -
 
Paper - - - 0.44%
 
Industrial Metals & Mining - - 0.05% -
 
General Mining - - - 0.04%
 
Metal Fabricating - - - 0.01%
 
Alternative Trading Strategies 0.37% - - -
 
Alternative Trading Strategies - 0.37% - -
 
Alternative Trading Strategies - - 0.37% -
 
Alternative Trading Strategies - - - 0.37%
 
Real Estate 0.26% - - -
 
Real Estate - 0.26% - -
 
Real Estate Investment & Services - - 0.25% -
 
Real Estate Holding and Development - - - 0.25%
 
Real Estate Investment Trusts - - 0.01% -
 
Health Care REITs - - - 0.01%

Regional Allocation

pie chart
  Developed Europe - Excl UK 53.77%
  UK 16.49%
  Non-Classified 15.13%
  Cash and Equivalents 4.30%
  North America 4.19%
  Emerging Europe 1.93%
  Emerging Asia 1.42%
  Middle East & Africa 1.17%
  South & Central America 1.13%
  Other Regions 0.48%

Fixed Interest Currencies

pie chart
  Euro 38.95%
  Non-Fixed Interest Assets 32.24%
  US Dollar 11.71%
  Pound Sterling 8.71%
  Cash 4.29%
  Czech Koruna 0.76%
  Other Currencies 3.35%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 53.77% -
 
Germany - 15.00%
 
France - 9.02%
 
Netherlands - 7.18%
 
Spain - 4.58%
 
Ireland - 3.45%
 
Italy - 3.35%
 
Luxembourg - 3.12%
 
Switzerland - 2.53%
 
Finland - 1.38%
 
Sweden - 1.16%
 
Austria - 0.80%
 
Portugal - 0.61%
 
Denmark - 0.59%
 
Belgium - 0.58%
 
Norway - 0.38%
 
Iceland - 0.04%
 
UK 16.49% -
 
United Kingdom - 16.49%
 
Non-Classified 15.13% -
 
Cash and Equivalents 4.30% -
 
North America 4.19% -
 
United States - 4.18%
 
Canada - 0.01%
 
Emerging Europe 1.93% -
 
Greece - 0.68%
 
Czech Republic - 0.42%
 
Poland - 0.40%
 
Romania - 0.15%
 
Hungary - 0.11%
 
Turkey - 0.10%
 
Serbia - 0.05%
 
Ukraine - 0.00%
 
Emerging Asia 1.42% -
 
Indonesia - 0.39%
 
Malaysia - 0.34%
 
Thailand - 0.30%
 
Georgia - 0.27%
 
Philippines - 0.05%
 
Kazakhstan - 0.02%
 
Mongolia - 0.01%
 
Uzbekistan - 0.01%
 
Armenia - 0.01%
 
Taiwan - 0.01%
 
Azerbaijan - 0.00%
 
South Korea - 0.00%
 
Viet Nam - 0.00%
 
Middle East & Africa 1.17% -
 
South Africa - 0.56%
 
United Arab Emirates - 0.38%
 
Israel - 0.12%
 
Ghana - 0.03%
 
Saudi Arabia - 0.02%
 
Oman - 0.02%
 
Qatar - 0.01%
 
Morocco - 0.01%
 
Senegal - 0.01%
 
South & Central America 1.13% -
 
Brazil - 0.54%
 
Peru - 0.20%
 
Colombia - 0.12%
 
Mexico - 0.09%
 
Chile - 0.07%
 
Uruguay - 0.04%
 
Dominican Republic - 0.02%
 
Guatemala - 0.02%
 
Costa Rica - 0.01%
 
Ecuador - 0.01%
 
Trinidad and Tobago - 0.01%
 
Bolivia - 0.00%
 
Cayman Islands - 0.00%
 
Property 0.39% -
 
Developed Asia 0.08% -
 
Hong Kong - 0.08%
 
Singapore - 0.00%
 
Japan 0.01% -
 
Japan - 0.01%

Breakdown By Market Cap (%)

Mega
 
 
11.69%
Large
 
 
5.84%
Medium
 
 
1.74%
Small
 
 
1.12%
Micro
 
 
0.19%
Non-Classified
 
 
11.66%
Bonds
 
 
63.47%
Cash
 
 
4.30%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
29.05%
5Yr - 10Yr Maturity
 
 
12.87%
10Yr - 15Yr Maturity
 
 
3.09%
> 15Yr Maturity
 
 
17.78%
Cash And Equivalents
 
 
4.30%
Unknown Maturity
 
 
6.40%
Other Asset Types
 
 
26.51%

Fixed Interest Quality Profile

AAA
 
 
0.34%
AA
 
 
1.09%
A
 
 
2.97%
BBB
 
 
10.40%
Sub-Investment Grade
 
 
17.49%
Unknown Quality
 
 
30.50%
Cash and Equivalents
 
 
4.30%
Other Asset Types
 
 
32.91%

Top 10 Holdings

Stock % Weight Sector Country
1 GERMANY FEDERAL REPUBLIC OF 0% 04/17/2024 REGS 4.17% Bonds Germany
2 GERMANY FEDERAL REPUBLIC OF 0% 02/21/2024 REGS 1.64% Bonds Germany
3 GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2033 REGS 1.21% Bonds Germany
4 UNITED KINGDOM G.B.&N.IRELAND 0% 04/08/2024 1.02% Bonds United Kingdom
5 FERROVIAL SE 0.87% Construction & Materials Netherlands
6 UNITED KINGDOM G.B.&N.IRELAND 0% 02/26/2024 0.85% Bonds United Kingdom
7 ALLIANZ SE 0.75% Non-life Insurance Germany
8 3i Group Plc 3i Group Plc Ord GBP0.738636 0.72% Investment Banking & Brokerage Services United Kingdom
9 Sequoia Investment Management Company Sequoia Economic Infrastructure Income Fund Ord NPV 0.68% Bonds Non-Classified
10 INDUSTRIA DE DISENO TEXTIL SA 0.67% Retailers Spain

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 B0MSS52
Mex Code SBFIDE
Isin Code IE00B0MSS528
Citi Code TJ75

Fund Charges

Annual Management Charge (AMC) 1.58%
Further Costs 0.53%
Yearly Total 2.11%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the Fidelity European Multi Asset Income Fund - the underlying fund. Underlying Fund Objective: The fund aims to provide income by investing primarily in equities and fixed income securities issued by both companies that are listed in, or have their registered office in, or exercise a majority of their activity in Europe, and European governments. The fund will actively allocate to, and within, different asset classes based on their potential to generate income. The main asset classes in which the fund will invest include fixed income securities (including investment grade and high yield bonds), equities and alternative assets, such as (but not limited to) infrastructure securities and closed-ended REITs. A minimum of 50% of the fund's net assets will be invested in securities deemed to maintain sustainable characteristics. The fund is actively managed without reference to an index. The fund's exposure to Distressed Securities is limited to 10% of its assets. The fund may invest up to 20% of its net assets in non-European investments (including less than 10% of its net assets in China shares and fixed income securities). The fund is denominated in euros.
Benchmark Not benchmarked
Sector OI Mixed Investment 20-60% Shares

Ratings

FE Crown Crown Rating of 2

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

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

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Risk Analysis

Ratio Value
Alpha 0.24
Beta 0.88
Sharpe 0.00
Standard Deviation 7.47
Info Ratio 0.09

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds No
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate Yes
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore Yes
Income Eroding Capital Growth No
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

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.

Offshore

The fund is not UK domiciled, and investors are not normally entitled to compensation through the UK Financial Services Compensation Scheme.

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 the fund's currency of denomination 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 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.

The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.