Prudential Global Equity S1

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

31/03/19
to
31/03/20
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
Fund -17.8% 35.8% 6.8% 0.0% 9.6%
Benchmark -14.0% 31.6% 9.5% 2.3% 10.6%

Performance - to latest available quarter end

Quarter Annualised
1
2024
3 Years to
31/03/24
5 Years to
31/03/24
10 Years to
31/03/24
Fund 4.9% 5.4% 5.5% 6.3%
Benchmark 5.0% 7.4% 7.0% 7.2%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 3.87
HSBC HOLDINGS 3.41
UNILEVER 2.25
BP 2.17
SHELL 2.15
GSK 1.59
DIAGEO 1.48
CME S&P EMI FUT Jun24 1.31
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.18
LONDON STOCK EXCHANGE GROUP 1.11
Total 20.52

Fund Aims

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

Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 60% UK equity and 40% mix of overseas company shares. For the overseas shares the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office (T&IO). It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value.

Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 31 years and 11 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Bid (23/05/2024) 10.28
Offer (23/05/2024) 10.82
Fund size (30/04/2024) £70.76m
Underlying Fund size £119.98m
Number of holdings 3391
Launch date 02/07/1991

Fund Charges

Annual Management Charge (AMC) 0.75%
Further Costs 0.03%
Yearly Total 0.78%

Asset Allocation

pie chart
  UK Equities 50.69%
  International Equities 34.94%
  Cash and Equivalents 10.98%
  Property 1.50%
  Investment Trusts 0.70%
  International Bonds 0.03%
  Money Market 0.00%
  Alternative Trading Strategies 0.00%
  UK Corporate Bonds 0.00%
  Other Assets 1.15%

Commentary

Performance as at Q1 2024 - Supported by easing inflationary pressures, robust economic data and, initially, the prospect of interest rate cuts in the near term, the first quarter of 2024 ended with solid gains for global equity markets. The fund gained in the quarter and was slightly ahead of the benchmark and behind the comparator. Japan and the US were among the strongest performers, while Europe also produced robust gains, all in sterling terms. So too did the UK, Pacific and emerging markets, although to a lesser extent. In the Japanese market, technology shares gained strongly due to a positive earnings season. In other domestic news, the Bank of Japan raised interest rates, ending its negative interest rate policy and the first increase since 2007. Investors in the US stockmarket were encouraged by optimism about the domestic economy as well as the prospect of interest rate cuts. Continued excitement about artificial intelligence (AI) also drove the market gains. Europe was bolstered by decent corporate earnings, the continued gradual decline in inflation and the prospect of rate cuts. Meanwhile, the UK was held back by the lacklustre outlook for the domestic economy. The poor performance of China weighed on Pacific and emerging markets, while the latter were also held back by some Latin American markets.Stockpicking in China, Japan, Europe and emerging and Pacific markets was beneficial, while selection in the US was broadly neutral. Stockpicks in the UK held back relative performance.

Source: M&G

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 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
  UK Equities 50.69%
  International Equities 34.94%
  Cash and Equivalents 10.98%
  Property 1.50%
  Investment Trusts 0.70%
  International Bonds 0.03%
  Money Market 0.00%
  Alternative Trading Strategies 0.00%
  UK Corporate Bonds 0.00%
  Other Assets 1.15%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 20.25% - - -
 
Banks - 9.98% - -
 
Banks - - 9.98% -
 
Banks - - - 9.98%
 
Financial Services - 6.26% - -
 
Investment Banking & Brokerage Services - - 3.97% -
 
Asset Managers & Custodians - - - 2.59%
 
Investment Services - - - 1.07%
 
Diversified Financial Services - - - 0.31%
 
Finance & Credit Services - - 1.59% -
 
Financial Data & Systems - - - 1.31%
 
Mortgage Finance - - - 0.17%
 
Consumer Lending - - - 0.11%
 
Equity Investment Instruments - - 0.70% -
 
Equity Investment Instruments - - - 0.70%
 
Insurance - 4.01% - -
 
Life Insurance - - 2.47% -
 
Life Insurance - - - 2.47%
 
Non-life Insurance - - 1.54% -
 
Property & Casualty Insurance - - - 0.99%
 
Full Line Insurance - - - 0.36%
 
Reinsurance - - - 0.11%
 
Insurance Brokers - - - 0.09%
 
Industrials 12.52% - - -
 
Industrial Goods & Services - 11.14% - -
 
Industrial Support Services - - 3.12% -
 
Professional Business Support Services - - - 1.76%
 
Business Training & Employment Agencies - - - 0.52%
 
Transaction Processing Services - - - 0.41%
 
Industrial Suppliers - - - 0.39%
 
Security Services - - - 0.03%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 1.91% -
 
Diversified Industrials - - - 1.05%
 
Containers & Packaging - - - 0.80%
 
Paints & Coatings - - - 0.03%
 
Glass - - - 0.03%
 
Plastics - - - 0.01%
 
Industrial Engineering - - 1.76% -
 
Machinery: Industrial - - - 0.68%
 
Machinery: Construction & Handling - - - 0.52%
 
Machinery: Engines - - - 0.23%
 
Machinery: Tools - - - 0.19%
 
Machinery: Specialty - - - 0.12%
 
Machinery: Agricultural - - - 0.01%
 
Industrial Transportation - - 1.74% -
 
Marine Transportation - - - 0.62%
 
Transportation Services - - - 0.28%
 
Delivery Services - - - 0.27%
 
Railroads - - - 0.26%
 
Commercial Vehicle-Equipment Leasing - - - 0.26%
 
Commercial Vehicles & Parts - - - 0.04%
 
Trucking - - - 0.01%
 
Railroad Equipment - - - 0.00%
 
Aerospace & Defence - - 1.36% -
 
Defense - - - 0.69%
 
Aerospace - - - 0.67%
 
Electronic & Electrical Equipment - - 1.24% -
 
Electrical Components - - - 0.75%
 
Electronic Equipment: Control & Filter - - - 0.23%
 
Electronic Equipment: Gauges & Meters - - - 0.16%
 
Electronic Equipment: Pollution Control - - - 0.09%
 
Construction & Materials - 1.39% - -
 
Construction & Materials - - 1.39% -
 
Construction - - - 0.47%
 
Building Materials: Other - - - 0.23%
 
Building, Roofing/Wallboard & Plumbing - - - 0.22%
 
Engineering & Contracting Services - - - 0.21%
 
Building: Climate Control - - - 0.13%
 
Cement - - - 0.13%
 
Cash and Equivalents 10.99% - - -
 
Consumer Discretionary 10.85% - - -
 
Consumer Products & Services - 2.72% - -
 
Consumer Services - - 0.89% -
 
Vending & Catering Service - - - 0.78%
 
Consumer Services: Misc. - - - 0.11%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Education Services - - - 0.00%
 
Leisure Goods - - 0.67% -
 
Toys - - - 0.24%
 
Consumer Electronics - - - 0.22%
 
Electronic Entertainment - - - 0.09%
 
Photography - - - 0.05%
 
Recreational Vehicles & Boats - - - 0.05%
 
Recreational Products - - - 0.02%
 
Household Goods & Home Construction - - 0.63% -
 
Home Construction - - - 0.53%
 
Household Appliance - - - 0.09%
 
Household Furnishings - - - 0.01%
 
Household Equipment & Products - - - 0.00%
 
Personal Goods - - 0.54% -
 
Clothing & Accessories - - - 0.36%
 
Cosmetics - - - 0.09%
 
Footwear - - - 0.05%
 
Luxury Items - - - 0.03%
 
Media - 2.45% - -
 
Media - - 2.45% -
 
Publishing - - - 1.31%
 
Media Agencies - - - 0.75%
 
Radio & TV Broadcasters - - - 0.31%
 
Entertainment - - - 0.09%
 
Retail - 2.21% - -
 
Retailers - - 2.21% -
 
Diversified Retailers - - - 1.22%
 
Home Improvement Retailers - - - 0.44%
 
Specialty Retailers - - - 0.28%
 
Apparel Retailers - - - 0.27%
 
Travel & Leisure - 1.84% - -
 
Travel & Leisure - - 1.84% -
 
Hotels & Motels - - - 0.50%
 
Casinos & Gambling - - - 0.41%
 
Restaurants & Bars - - - 0.33%
 
Recreational Services - - - 0.31%
 
Travel & Tourism - - - 0.22%
 
Airlines - - - 0.07%
 
Automobiles & Parts - 1.62% - -
 
Automobiles & Parts - - 1.62% -
 
Automobiles - - - 1.20%
 
Auto Parts - - - 0.41%
 
Tires - - - 0.00%
 
Health Care 8.59% - - -
 
Health Care - 8.59% - -
 
Pharmaceuticals & Biotechnology - - 7.69% -
 
Pharmaceuticals - - - 7.25%
 
Biotechnology - - - 0.45%
 
Medical Equipment & Services - - 0.69% -
 
Medical Equipment - - - 0.54%
 
Medical Supplies - - - 0.13%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.21% -
 
Health Care Management Services - - - 0.19%
 
Health Care Facilities - - - 0.01%
 
Health Care Services - - - 0.00%
 
Consumer Staples 8.37% - - -
 
Personal Care, Drug & Grocery Stores - 4.47% - -
 
Personal Care, Drug & Grocery Stores - - 4.47% -
 
Personal Products - - - 2.38%
 
Food Retailers & Wholesalers - - - 1.04%
 
Nondurable Household Products - - - 0.95%
 
Drug Retailers - - - 0.11%
 
Food, Beverage & Tobacco - 3.90% - -
 
Beverages - - 2.48% -
 
Distillers & Vintners - - - 1.60%
 
Soft Drinks - - - 0.75%
 
Brewers - - - 0.13%
 
Food Producers - - 1.24% -
 
Food Products - - - 1.19%
 
Farming, Fishing, Ranching & Plantations - - - 0.04%
 
Fruit & Grain Processing - - - 0.01%
 
Tobacco - - 0.18% -
 
Tobacco - - - 0.18%
 
Technology 7.68% - - -
 
Technology - 7.68% - -
 
Technology Hardware & Equipment - - 3.95% -
 
Semiconductors - - - 2.58%
 
Computer Hardware - - - 0.55%
 
Electronic Components - - - 0.40%
 
Production Technology Equipment - - - 0.39%
 
Electronic Office Equipment - - - 0.03%
 
Software & Computer Services - - 3.73% -
 
Consumer Digital Services - - - 1.70%
 
Software - - - 1.43%
 
Computer Services - - - 0.61%
 
Energy 6.44% - - -
 
Energy - 6.44% - -
 
Non-Renewable Energy - - 6.28% -
 
Integrated Oil & Gas - - - 5.09%
 
Oil: Crude Producers - - - 0.69%
 
Oil Refining and Marketing - - - 0.24%
 
Oil Equipment & Services - - - 0.15%
 
Pipelines - - - 0.10%
 
Offshore Drilling & Other Services - - - 0.00%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.15% -
 
Alternative Fuels - - - 0.12%
 
Renewable Energy Equipment - - - 0.03%
 
Basic Materials 4.55% - - -
 
Basic Resources - 3.38% - -
 
Industrial Metals & Mining - - 3.13% -
 
General Mining - - - 2.41%
 
Copper - - - 0.31%
 
Iron & Steel - - - 0.21%
 
Metal Fabricating - - - 0.08%
 
Nonferrous Metals - - - 0.07%
 
Aluminum - - - 0.04%
 
Precious Metals & Mining - - 0.20% -
 
Gold Mining - - - 0.19%
 
Platinum & Precious Metals - - - 0.02%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.05% -
 
Diversified Materials - - - 0.03%
 
Paper - - - 0.03%
 
Textile Products - - - 0.00%
 
Chemicals - 1.16% - -
 
Chemicals - - 1.16% -
 
Chemicals: Diversified - - - 0.72%
 
Specialty Chemicals - - - 0.37%
 
Fertilizers - - - 0.04%
 
Chemicals & Synthetic Fibers - - - 0.03%
 
Telecommunications 2.83% - - -
 
Telecommunications - 2.83% - -
 
Telecommunications Service Providers - - 1.60% -
 
Telecommunications Services - - - 1.58%
 
Cable Television Services - - - 0.02%
 
Telecommunications Equipment - - 1.23% -
 
Telecommunications Equipment - - - 1.23%
 
Utilities 2.77% - - -
 
Utilities - 2.77% - -
 
Gas, Water & Multi-utilities - - 1.67% -
 
Multi-Utilities - - - 1.21%
 
Water - - - 0.45%
 
Gas Distribution - - - 0.02%
 
Electricity - - 1.08% -
 
Conventional Electricity - - - 1.03%
 
Alternative Electricity - - - 0.04%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Real Estate 2.69% - - -
 
Real Estate - 2.69% - -
 
Real Estate Investment Trusts - - 1.85% -
 
Industrial REITs - - - 0.58%
 
Diversified REITs - - - 0.33%
 
Office REITs - - - 0.27%
 
Retail REITs - - - 0.24%
 
Residential REITs - - - 0.21%
 
Timber REITs - - - 0.06%
 
Storage REITs - - - 0.06%
 
Health Care REITs - - - 0.05%
 
Other Specialty REITs - - - 0.04%
 
Hotel & Lodging REITs - - - 0.01%
 
Infrastructure REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.84% -
 
Real Estate Holding and Development - - - 0.55%
 
Real Estate Services - - - 0.29%
 
Non-Classified 1.43% - - -
 
Non-Classified - 0.20% - -
 
Non-Classified - - 0.20% -
 
Non-Classified - - - 0.20%
 
Bonds 0.03% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  UK 50.97%
  Cash and Equivalents 10.99%
  North America 10.58%
  Emerging Asia 8.97%
  Japan 4.87%
  Developed Europe - Excl UK 4.77%
  Developed Asia 3.18%
  Non-Classified 2.06%
  Property 1.44%
  Other Regions 2.16%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 88.98%
  Cash 10.98%
  Euro 0.02%
  US Dollar 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 50.97% -
 
United Kingdom - 50.74%
 
Jersey - 0.14%
 
Isle of Man - 0.12%
 
Cash and Equivalents 10.99% -
 
North America 10.58% -
 
United States - 9.22%
 
Canada - 1.36%
 
Emerging Asia 8.97% -
 
South Korea - 2.42%
 
China - 2.33%
 
Taiwan - 1.74%
 
India - 1.38%
 
Indonesia - 0.58%
 
Thailand - 0.34%
 
Malaysia - 0.10%
 
Philippines - 0.09%
 
Japan 4.87% -
 
Japan - 4.87%
 
Developed Europe - Excl UK 4.77% -
 
Ireland - 1.03%
 
Switzerland - 0.77%
 
France - 0.73%
 
Germany - 0.64%
 
Netherlands - 0.39%
 
Sweden - 0.28%
 
Denmark - 0.25%
 
Spain - 0.22%
 
Italy - 0.14%
 
Belgium - 0.13%
 
Finland - 0.08%
 
Norway - 0.04%
 
Portugal - 0.04%
 
Luxembourg - 0.01%
 
Austria - 0.00%
 
Developed Asia 3.18% -
 
Hong Kong - 2.20%
 
Singapore - 0.98%
 
Non-Classified 2.06% -
 
Property 1.44% -
 
Australia & New Zealand 1.26% -
 
Australia - 1.24%
 
New Caledonia - 0.02%
 
South & Central America 0.40% -
 
Brazil - 0.24%
 
Mexico - 0.14%
 
Chile - 0.01%
 
Cayman Islands - 0.00%
 
Colombia - 0.00%
 
Peru - 0.00%
 
Emerging Europe 0.25% -
 
Greece - 0.11%
 
Turkey - 0.06%
 
Hungary - 0.04%
 
Poland - 0.03%
 
Romania - 0.01%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%
 
Middle East & Africa 0.25% -
 
South Africa - 0.12%
 
United Arab Emirates - 0.06%
 
Israel - 0.06%
 
Egypt - 0.01%
 
Saudi Arabia - 0.00%
 
Qatar - 0.00%
 
Kuwait - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
43.78%
Large
 
 
16.27%
Medium
 
 
11.87%
Small
 
 
5.46%
Micro
 
 
1.43%
Non-Classified
 
 
10.16%
Bonds
 
 
0.03%
Cash
 
 
10.99%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 3.87% Pharmaceuticals & Biotechnology United Kingdom
2 HSBC HOLDINGS 3.41% Banks United Kingdom
3 UNILEVER 2.25% Personal Care, Drug & Grocery Stores United Kingdom
4 BP 2.17% Non-Renewable Energy United Kingdom
5 SHELL 2.15% Non-Renewable Energy United Kingdom
6 GSK 1.59% Pharmaceuticals & Biotechnology United Kingdom
7 DIAGEO 1.48% Beverages United Kingdom
8 CME S&P EMI FUT Jun24 1.31% Non-Classified Non-Classified
9 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.18% Technology Hardware & Equipment Taiwan
10 LONDON STOCK EXCHANGE GROUP 1.11% Finance & Credit Services United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.56% 6.12% - - - - - - 7.68%
Telecommunications 0.62% 2.21% - 0.02% - - - - 2.85%
Financials 11.82% 7.74% - - - - 0.70% - 20.26%
Real Estate 0.52% 0.76% - - - 1.42% - - 2.69%
Consumer Discretionary 5.73% 5.12% - 0.01% - - - - 10.86%
Consumer Staples 6.75% 1.62% - - - - - - 8.37%
Energy 5.04% 1.39% - - - - - - 6.44%
Utilities 1.95% 0.81% - - - - - - 2.77%
Health Care 6.43% 2.16% - - - - - - 8.59%
Industrials 7.28% 5.24% - - - - - - 12.52%
Basic Materials 2.85% 1.70% - - - - - - 4.55%
Cash and Equivalents - - - - - - - 10.98% 10.98%
Bonds - - - - - - - - -
Non-Classified 0.13% 0.07% - - - 0.08% 1.15% - 1.44%

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 0702287
Mex Code PUPMG
Isin Code GB0007022873
Citi Code PS20

Fund Charges

Annual Management Charge (AMC) 0.75%
Further Costs 0.03%
Yearly Total 0.78%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G PP Global Equity Fund - the underlying fund. Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 60% UK equity and 40% mix of overseas company shares. For the overseas shares the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office (T&IO). It is a "fund of funds" where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
Benchmark Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO).
Sector ABI Global 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).

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 -0.50
Beta 0.84
Sharpe 0.11
Standard Deviation 10.48
Info Ratio -0.24

Risk Factors

Risk Factor Yes / No
Charges to Capital Yes
Emerging Markets Yes
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 No
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository Yes
Solvency of Bond Issuers No
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.

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Exchange Rate

This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Solvency of 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.

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 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

Medium to Higher Risk

These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.

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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 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.