Prudential BlackRock Aquila Emerging Markets Equity S3

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

Performance

Discrete performance - to latest available quarter end

30/09/20
to
30/09/21
30/09/21
to
30/09/22
30/09/22
to
30/09/23
30/09/23
to
30/09/24
30/09/24
to
30/09/25
Fund 15.0% -13.6% 0.2% 15.7% 17.3%
Benchmark 13.3% -13.2% 2.2% 14.7% 16.9%

Performance - to latest available quarter end

Quarter Annualised
3
2025
3 Years to
30/09/25
5 Years to
30/09/25
10 Years to
30/09/25
Fund 12.4% 10.8% 6.2% 9.4%
Benchmark 12.6% 11.1% 6.2% 9.3%

Top 10 Holdings

Stock % Weight
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 10.70
TENCENT HOLDINGS LIMITED 5.54
ALIBABA GROUP HOLDING LIMITED 3.96
SAMSUNG ELECTRONICS CO. LTD 2.87
SK HYNIX 1.37
HDFC BANK LIMITED 1.23
XIAOMI CORPORATION 1.21
PDD HOLDINGS INC 0.95
CHINA CONSTRUCTION BANK CORPORATION 0.94
HON HAI PRECISION INDUSTRY CO. 0.90
Total 29.68

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the BlackRock Aquila Connect Emerging Markets Equity Fund - the underlying fund.

Underlying Fund Objective: The fund aims to achieve a return that is consistent with the return of the MSCI Emerging Markets Index.

Fund Manager

BlackRock Team Managed manager of the underlying fund for 15 years and 6 months

Photo of BlackRock Team Managed BlackRock Team Managed

Fund Overview

Daily price (04/12/2025) 213.90
Fund size (31/10/2025) £9.87m
Underlying Fund size £993.84m
Number of holdings 1690
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 01/02/2011

Asset Allocation

pie chart
  International Equities 97.54%
  Cash and Equivalents 1.36%
  UK Equities 0.41%
  Money Market 0.16%
  Property 0.08%
  Alternative Trading Strategies 0.04%
  Other Assets 0.42%

Commentary

Performance as at Q3 2025 - Global equity markets posted strong gains in the third quarter of 2025, with Emerging Markets outperforming both Developed Markets and the United States for the first time since early 2017. This was driven by the delay in reciprocal tariffs involving China, India, and Brazil, and a favourable response to the Federal Reserve’s expected 25 basis point rate cut in September. Despite criticism from the Trump administration over the pace of easing, markets welcomed the move as a balance between controlling inflation and supporting a weakening labour market. All Emerging Market regions ended the quarter in positive territory. Emerging Asia led with a 10.8 percent gain, supported by strong performance in North Asia. China rose 20.7 percent, driven by government efforts to reduce anti-competitive practices and the easing of United States restrictions on chip exports. Increased southbound investment also helped, despite weak domestic demand. Taiwan and South Korea gained 14.3 percent and 12.7 percent respectively, supported by improved sentiment in the technology sector, particularly in memory chips, where tight supply and rising prices boosted performance.In ASEAN, results were mixed. Thailand gained 17.5 percent, helped by a strong July and favourable United States tariffs that lifted Delta Electronics. The market expects increased production in Thailand due to lower tariffs compared to Taiwan and India.

In contrast, Indonesia and the Philippines declined by 3.1 percent and 7.8 percent respectively, amid political uncertainty and domestic unrest. India also fell, ending the quarter down 7.6 percent. Latin America rose 10.2 percent, supported by gains in precious metals. Peru led with a 23.1 percent increase, driven by a copper price spike following unexpected supply disruptions. Mexico also performed well, supported by strong consumer demand and accelerated exports to the United States.

However, new trade policies aligned with USMCA goals, including tariffs of up to 40 percent on Asian imports, may shift focus to Chinese auto imports and regional supply chain development. Brazil underperformed with an 8.3 percent gain. While the Bovespa reached new highs, industrial output and job growth softened. Political tensions rose after former President Bolsonaro’s conviction for attempting to overturn the 2022 election. A proposed amnesty bill has deepened divisions ahead of the next election. The Central and Eastern Europe, Middle East, and Africa region gained 9.1 percent, though performance varied. South Africa rose 21.4 percent, supported by mining stocks and a stronger Rand. Saudi Arabia gained 7.4 percent, helped by speculation that foreign ownership limits may be lifted by year-end, potentially increasing its weight in the MSCI Emerging Markets index. The United Arab Emirates ended the quarter up 1.9 percent, with early gains from strong earnings offset by weaker oil prices and a shift in investor focus to Saudi equities. Precious metals performed strongly. Silver rose around 30 percent to 46.7 United States dollars per ounce, while Gold gained 16.8 percent, supported by central bank demand and concerns over Federal Reserve independence.

Source: BlackRock

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 97.54%
  Cash and Equivalents 1.36%
  UK Equities 0.41%
  Money Market 0.16%
  Property 0.08%
  Alternative Trading Strategies 0.04%
  Other Assets 0.42%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 27.93% - - -
 
Technology - 27.93% - -
 
Technology Hardware & Equipment - - 17.50% -
 
Semiconductors - - - 13.64%
 
Electronic Components - - - 2.19%
 
Computer Hardware - - - 1.39%
 
Production Technology Equipment - - - 0.28%
 
Software & Computer Services - - 10.43% -
 
Consumer Digital Services - - - 8.63%
 
Computer Services - - - 1.55%
 
Software - - - 0.26%
 
Financials 21.88% - - -
 
Banks - 15.93% - -
 
Banks - - 15.93% -
 
Banks - - - 15.93%
 
Financial Services - 3.08% - -
 
Investment Banking & Brokerage Services - - 1.70% -
 
Investment Services - - - 1.08%
 
Diversified Financial Services - - - 0.40%
 
Asset Managers & Custodians - - - 0.22%
 
Finance & Credit Services - - 1.39% -
 
Consumer Lending - - - 1.33%
 
Financial Data & Systems - - - 0.04%
 
Mortgage Finance - - - 0.02%
 
Insurance - 2.86% - -
 
Life Insurance - - 2.00% -
 
Life Insurance - - - 2.00%
 
Non-life Insurance - - 0.86% -
 
Property & Casualty Insurance - - - 0.49%
 
Full Line Insurance - - - 0.30%
 
Insurance Brokers - - - 0.07%
 
Consumer Discretionary 12.52% - - -
 
Retail - 5.34% - -
 
Retailers - - 5.34% -
 
Diversified Retailers - - - 5.02%
 
Specialty Retailers - - - 0.28%
 
Apparel Retailers - - - 0.03%
 
Home Improvement Retailers - - - 0.01%
 
Automobiles & Parts - 3.07% - -
 
Automobiles & Parts - - 3.07% -
 
Automobiles - - - 2.69%
 
Auto Parts - - - 0.27%
 
Tires - - - 0.11%
 
Consumer Products & Services - 2.48% - -
 
Leisure Goods - - 1.19% -
 
Electronic Entertainment - - - 0.71%
 
Recreational Vehicles & Boats - - - 0.37%
 
Consumer Electronics - - - 0.11%
 
Personal Goods - - 0.70% -
 
Clothing & Accessories - - - 0.42%
 
Luxury Items - - - 0.23%
 
Cosmetics - - - 0.03%
 
Footwear - - - 0.02%
 
Consumer Services - - 0.30% -
 
Education Services - - - 0.12%
 
Consumer Services: Misc. - - - 0.11%
 
Rental & Leasing Services: Consumer - - - 0.07%
 
Household Goods & Home Construction - - 0.29% -
 
Household Appliance - - - 0.26%
 
Household Furnishings - - - 0.03%
 
Household Equipment & Products - - - 0.00%
 
Travel & Leisure - 1.37% - -
 
Travel & Leisure - - 1.37% -
 
Travel & Tourism - - - 0.54%
 
Airlines - - - 0.36%
 
Restaurants & Bars - - - 0.25%
 
Hotels & Motels - - - 0.17%
 
Casinos & Gambling - - - 0.04%
 
Media - 0.27% - -
 
Media - - 0.27% -
 
Entertainment - - - 0.26%
 
Publishing - - - 0.02%
 
Radio & TV Broadcasters - - - 0.00%
 
Telecommunications 7.42% - - -
 
Telecommunications - 7.42% - -
 
Telecommunications Equipment - - 4.93% -
 
Telecommunications Equipment - - - 4.93%
 
Telecommunications Service Providers - - 2.48% -
 
Telecommunications Services - - - 2.48%
 
Industrials 6.99% - - -
 
Industrial Goods & Services - 5.81% - -
 
Industrial Transportation - - 1.92% -
 
Marine Transportation - - - 0.73%
 
Transportation Services - - - 0.66%
 
Railroad Equipment - - - 0.20%
 
Delivery Services - - - 0.18%
 
Commercial Vehicles & Parts - - - 0.07%
 
Railroads - - - 0.05%
 
Commercial Vehicle-Equipment Leasing - - - 0.02%
 
Electronic & Electrical Equipment - - 1.55% -
 
Electrical Components - - - 1.52%
 
Electronic Equipment: Gauges & Meters - - - 0.02%
 
Electronic Equipment: Control & Filter - - - 0.01%
 
Electronic Equipment: Other - - - 0.00%
 
Aerospace & Defence - - 0.88% -
 
Aerospace - - - 0.56%
 
Defense - - - 0.32%
 
General Industrials - - 0.74% -
 
Diversified Industrials - - - 0.48%
 
Paints & Coatings - - - 0.09%
 
Plastics - - - 0.08%
 
Glass - - - 0.08%
 
Containers & Packaging - - - 0.01%
 
Industrial Engineering - - 0.62% -
 
Machinery: Industrial - - - 0.40%
 
Machinery: Engines - - - 0.10%
 
Machinery: Construction & Handling - - - 0.09%
 
Machinery: Specialty - - - 0.03%
 
Industrial Support Services - - 0.11% -
 
Business Training & Employment Agencies - - - 0.09%
 
Industrial Suppliers - - - 0.02%
 
Construction & Materials - 1.18% - -
 
Construction & Materials - - 1.18% -
 
Cement - - - 0.61%
 
Engineering & Contracting Services - - - 0.34%
 
Construction - - - 0.17%
 
Building: Climate Control - - - 0.04%
 
Building, Roofing/Wallboard & Plumbing - - - 0.02%
 
Building Materials: Other - - - 0.01%
 
Basic Materials 5.68% - - -
 
Basic Resources - 4.56% - -
 
Industrial Metals & Mining - - 2.68% -
 
Iron & Steel - - - 1.09%
 
Nonferrous Metals - - - 0.51%
 
General Mining - - - 0.35%
 
Aluminum - - - 0.33%
 
Copper - - - 0.26%
 
Metal Fabricating - - - 0.14%
 
Precious Metals & Mining - - 1.77% -
 
Gold Mining - - - 1.38%
 
Platinum & Precious Metals - - - 0.39%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.12% -
 
Paper - - - 0.11%
 
Diversified Materials - - - 0.00%
 
Chemicals - 1.12% - -
 
Chemicals - - 1.12% -
 
Chemicals: Diversified - - - 0.85%
 
Fertilizers - - - 0.18%
 
Specialty Chemicals - - - 0.08%
 
Chemicals & Synthetic Fibers - - - 0.01%
 
Energy 4.23% - - -
 
Energy - 4.23% - -
 
Non-Renewable Energy - - 3.98% -
 
Oil Refining and Marketing - - - 1.91%
 
Integrated Oil & Gas - - - 1.29%
 
Coal - - - 0.48%
 
Oil: Crude Producers - - - 0.27%
 
Oil Equipment & Services - - - 0.02%
 
Offshore Drilling & Other Services - - - 0.01%
 
Renewable Energy - - 0.24% -
 
Renewable Energy Equipment - - - 0.24%
 
Consumer Staples 3.75% - - -
 
Food, Beverage & Tobacco - 2.42% - -
 
Beverages - - 1.10% -
 
Soft Drinks - - - 0.58%
 
Distillers & Vintners - - - 0.31%
 
Brewers - - - 0.21%
 
Food Producers - - 1.05% -
 
Food Products - - - 0.88%
 
Farming, Fishing, Ranching & Plantations - - - 0.14%
 
Fruit & Grain Processing - - - 0.03%
 
Tobacco - - 0.27% -
 
Tobacco - - - 0.27%
 
Personal Care, Drug & Grocery Stores - 1.33% - -
 
Personal Care, Drug & Grocery Stores - - 1.33% -
 
Food Retailers & Wholesalers - - - 0.57%
 
Personal Products - - - 0.45%
 
Drug Retailers - - - 0.30%
 
Nondurable Household Products - - - 0.01%
 
Health Care 3.32% - - -
 
Health Care - 3.32% - -
 
Pharmaceuticals & Biotechnology - - 2.72% -
 
Biotechnology - - - 1.50%
 
Pharmaceuticals - - - 1.22%
 
Health Care Providers - - 0.49% -
 
Health Care Facilities - - - 0.49%
 
Health Care Services - - - 0.00%
 
Medical Equipment & Services - - 0.11% -
 
Medical Supplies - - - 0.06%
 
Medical Equipment - - - 0.05%
 
Utilities 2.18% - - -
 
Utilities - 2.18% - -
 
Electricity - - 1.72% -
 
Conventional Electricity - - - 1.37%
 
Alternative Electricity - - - 0.35%
 
Gas, Water & Multi-utilities - - 0.46% -
 
Gas Distribution - - - 0.19%
 
Water - - - 0.15%
 
Multi-Utilities - - - 0.12%
 
Waste & Disposal Services - - 0.01% -
 
Waste & Disposal Services - - - 0.01%
 
Cash and Equivalents 1.51% - - -
 
Real Estate 1.48% - - -
 
Real Estate - 1.48% - -
 
Real Estate Investment & Services - - 1.40% -
 
Real Estate Holding and Development - - - 1.22%
 
Real Estate Services - - - 0.18%
 
Real Estate Investment Trusts - - 0.08% -
 
Diversified REITs - - - 0.04%
 
Industrial REITs - - - 0.04%
 
Non-Classified 1.07% - - -
 
Non-Classified - 0.29% - -
 
Non-Classified - - 0.29% -
 
Non-Classified - - - 0.29%
 
Alternative Trading Strategies 0.04% - - -
 
Alternative Trading Strategies - 0.04% - -
 
Alternative Trading Strategies - - 0.04% -
 
Alternative Trading Strategies - - - 0.04%

Regional Allocation

pie chart
  Emerging Asia 76.20%
  Middle East & Africa 9.17%
  South & Central America 5.82%
  Emerging Europe 2.35%
  Developed Asia 1.75%
  North America 1.74%
  Cash and Equivalents 1.51%
  Developed Europe - Excl UK 0.50%
  UK 0.41%
  Other Regions 0.55%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 99.98%
  Pound Sterling 0.02%
  Cash 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
Emerging Asia 76.20% -
 
China - 27.68%
 
Taiwan - 19.13%
 
India - 14.92%
 
South Korea - 10.80%
 
Malaysia - 1.17%
 
Indonesia - 1.11%
 
Thailand - 1.01%
 
Philippines - 0.38%
 
Middle East & Africa 9.17% -
 
Saudi Arabia - 3.26%
 
South Africa - 3.01%
 
United Arab Emirates - 1.42%
 
Kuwait - 0.73%
 
Qatar - 0.70%
 
Egypt - 0.06%
 
South & Central America 5.82% -
 
Brazil - 3.32%
 
Mexico - 1.88%
 
Chile - 0.44%
 
Colombia - 0.13%
 
Peru - 0.04%
 
Emerging Europe 2.35% -
 
Poland - 0.91%
 
Greece - 0.57%
 
Turkey - 0.45%
 
Hungary - 0.27%
 
Czech Republic - 0.15%
 
Russian Federation - 0.00%
 
Developed Asia 1.75% -
 
Hong Kong - 1.73%
 
Singapore - 0.02%
 
North America 1.74% -
 
United States - 1.74%
 
Cash and Equivalents 1.51% -
 
Developed Europe - Excl UK 0.50% -
 
Switzerland - 0.23%
 
Luxembourg - 0.13%
 
Netherlands - 0.10%
 
Germany - 0.04%
 
UK 0.41% -
 
United Kingdom - 0.41%
 
Non-Classified 0.46% -
 
Property 0.08% -

Breakdown By Market Cap (%)

Mega
 
 
45.50%
Large
 
 
26.68%
Medium
 
 
10.23%
Small
 
 
0.52%
Micro
 
 
0.09%
Non-Classified
 
 
15.46%
Cash
 
 
1.51%

Top 10 Holdings

Stock % Weight Sector Country
1 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 10.70% Technology Hardware & Equipment Taiwan
2 TENCENT HOLDINGS LIMITED 5.54% Software & Computer Services China
3 ALIBABA GROUP HOLDING LIMITED 3.96% Retailers China
4 SAMSUNG ELECTRONICS CO. LTD 2.87% Telecommunications Equipment South Korea
5 SK HYNIX 1.37% Technology Hardware & Equipment South Korea
6 HDFC BANK LIMITED 1.23% Banks India
7 XIAOMI CORPORATION 1.21% Telecommunications Equipment China
8 PDD HOLDINGS INC 0.95% Software & Computer Services China
9 CHINA CONSTRUCTION BANK CORPORATION 0.94% Banks China
10 HON HAI PRECISION INDUSTRY CO. 0.90% Technology Hardware & Equipment Taiwan

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 27.93% - - - - - - 27.93%
Telecommunications - 7.42% - - - - - - 7.42%
Financials - 21.88% - - - - 0.03% - 21.90%
Real Estate - 1.40% - - - 0.08% - - 1.48%
Consumer Discretionary - 12.52% - - - - 0.01% - 12.53%
Consumer Staples - 3.75% - - - - - - 3.75%
Energy - 4.23% - - - - - - 4.23%
Utilities 0.05% 2.13% - - - - - - 2.18%
Health Care - 3.32% - - - - 0.03% - 3.35%
Industrials - 6.99% - - - - 0.04% - 7.03%
Basic Materials 0.36% 5.32% - - - - 0.02% - 5.70%
Cash and Equivalents - - - - - - - 1.36% 1.36%
Non-Classified - 0.66% - - - - 0.32% 0.16% 1.14%

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B4ZP2W3
Mex Code PUAAAC
Isin Code GB00B4ZP2W35
Citi Code MRP2

Fund Charges

Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the BlackRock Aquila Connect Emerging Markets Equity Fund - the underlying fund. Underlying Fund Objective: The fund aims to achieve a return that is consistent with the return of the MSCI Emerging Markets Index.
Benchmark MSCI Global Emerging Markets Index
ABI Sector Global Emerging Markets Equities

Important Information

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

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.

Risk Analysis

Ratio Value
Alpha -0.63
Beta 1.15
Sharpe 0.72
Standard Deviation 11.73
Info Ratio 0.31

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.

These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.

We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.

  • Higher Risk
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

Higher Risk

These are specialist equity funds that focus on set geographical regions or a particular type of share e.g. shares of smaller companies or those that conform to certain criteria.

Help

Important Information

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.

Important Information

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

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: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

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

This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.

'Prudential' is a trading name of Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.