Legal & General UK Index Trust I Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | -15.2% | 22.4% | 8.6% | 5.5% | 9.0% |
| Sector | -14.6% | 30.3% | -0.1% | 1.8% | 6.9% |
| Rank | 123/213 | 150/218 | 44/222 | 88/228 | 70/230 |
| Quartile | 3 | 3 | 1 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 7.7% | 5.3% | 5.7% | |
| Sector | 2.8% | 3.9% | 5.0% | |
| Rank | 42/222 | 65/213 | 59/185 | |
| Quartile | 1 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 6.22 |
| HSBC HOLDINGS | 4.93 |
| SHELL | 4.41 |
| UNILEVER | 4.06 |
| BP | 3.42 |
| GSK | 2.84 |
| RELX | 2.69 |
| DIAGEO | 2.69 |
| SHELL | 2.66 |
| RIO TINTO | 2.26 |
| Total | 36.18 |
Fund Aims
The objective of this fund is to provide growth by tracking the performance of the FTSE All-Share Index. The fund will invest almost entirely in company shares. The fund's investments will closely match those that make up the Index. The Index consists of a broad spread of UK company shares. The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk.
Fund Manager
The Index Fund Management Team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The Team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns
Fund Overview
| Mid (01/05/2024) | 175.60p |
| Historic yield | 3.50% |
| Fund size (31/03/2024) | £6638.96m |
| Number of holdings | 697 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.10% |
| Launch date | 07/10/2005 |
Asset Allocation
| UK Equities | 87.03% | |
| Investment Trusts | 5.31% | |
| International Equities | 3.49% | |
| Cash and Equivalents | 2.07% | |
| Property | 1.73% | |
| International Bonds | 0.06% | |
| Alternative Trading Strategies | 0.03% | |
| Other Assets | 0.27% |
Commentary
The UK equity market posted a sharp year-end rally, with the FTSE All Share Index returning to levels that were last recorded prior to the collapse of Lehman Brothers in Autumn 2008, advancing by 7.1% in December. The rally was driven largely by international factors, specifically heightened expectations of global economic recovery, with investors less worried about European contagion risk and US recession risk. Despite concerns that the manufacturing recovery would be lacklustre and short-lived, the reality has been very different. December’s batch of official data (the strongest monthly growth rate since May in the US), as well as a variety of survey-based indicators, such as NY Empire State, Philly Fed and the European Purchasing Managers Index, point to continued momentum in manufacturing activity. Encouragingly, euro-zone data has continued to be demonstrably resilient. In contrast, UK economic data was more disappointing. Third-quarter GDP was revised lower, while the public sector is set to shed 400,000 jobs over the next five years and not surprisingly this has jolted consumer confidence. At the sector level, Industrial Metals, Autos & Parts and Chemicals led the way. Only the Leisure Goods sector was negative, while the other sectors that showed low growth included Pharmaceuticals & Biotechnology and Health Care. Significantly, the top-performing blue chip stocks were all mining companies (Vedanta Resources, Antofagasta and Eurasian Natural Resources) as commodity markets ended the year on a firm note.
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. 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.
Asset Allocation
| UK Equities | 87.03% | |
| Investment Trusts | 5.31% | |
| International Equities | 3.49% | |
| Cash and Equivalents | 2.07% | |
| Property | 1.73% | |
| International Bonds | 0.06% | |
| Alternative Trading Strategies | 0.03% | |
| Other Assets | 0.27% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 22.43% | - | - | - | |
| Financial Services | - | 10.20% | - | - | |
| Equity Investment Instruments | - | - | 5.36% | - | |
| Equity Investment Instruments | - | - | - | 5.36% | |
| Investment Banking & Brokerage Services | - | - | 2.86% | - | |
| Asset Managers & Custodians | - | - | - | 2.54% | |
| Investment Services | - | - | - | 0.31% | |
| Diversified Financial Services | - | - | - | 0.00% | |
| Finance & Credit Services | - | - | 1.98% | - | |
| Financial Data & Systems | - | - | - | 1.83% | |
| Consumer Lending | - | - | - | 0.09% | |
| Mortgage Finance | - | - | - | 0.06% | |
| Banks | - | 9.06% | - | - | |
| Banks | - | - | 9.06% | - | |
| Banks | - | - | - | 9.06% | |
| Insurance | - | 3.17% | - | - | |
| Life Insurance | - | - | 2.26% | - | |
| Life Insurance | - | - | - | 2.26% | |
| Non-life Insurance | - | - | 0.91% | - | |
| Property & Casualty Insurance | - | - | - | 0.73% | |
| Full Line Insurance | - | - | - | 0.18% | |
| Consumer Staples | 13.24% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 6.92% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 6.92% | - | |
| Personal Products | - | - | - | 4.07% | |
| Food Retailers & Wholesalers | - | - | - | 1.51% | |
| Nondurable Household Products | - | - | - | 1.34% | |
| Food, Beverage & Tobacco | - | 6.32% | - | - | |
| Beverages | - | - | 3.02% | - | |
| Distillers & Vintners | - | - | - | 2.71% | |
| Soft Drinks | - | - | - | 0.31% | |
| Tobacco | - | - | 2.65% | - | |
| Tobacco | - | - | - | 2.65% | |
| Food Producers | - | - | 0.65% | - | |
| Food Products | - | - | - | 0.64% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.01% | |
| Consumer Discretionary | 12.42% | - | - | - | |
| Media | - | 4.06% | - | - | |
| Media | - | - | 4.06% | - | |
| Publishing | - | - | - | 3.02% | |
| Media Agencies | - | - | - | 0.90% | |
| Radio & TV Broadcasters | - | - | - | 0.13% | |
| Entertainment | - | - | - | 0.01% | |
| Travel & Leisure | - | 3.33% | - | - | |
| Travel & Leisure | - | - | 3.33% | - | |
| Casinos & Gambling | - | - | - | 1.46% | |
| Hotels & Motels | - | - | - | 0.85% | |
| Airlines | - | - | - | 0.49% | |
| Travel & Tourism | - | - | - | 0.31% | |
| Restaurants & Bars | - | - | - | 0.20% | |
| Recreational Services | - | - | - | 0.03% | |
| Consumer Products & Services | - | 3.28% | - | - | |
| Consumer Services | - | - | 1.67% | - | |
| Vending & Catering Service | - | - | - | 1.64% | |
| Consumer Services: Misc. | - | - | - | 0.04% | |
| Household Goods & Home Construction | - | - | 1.19% | - | |
| Home Construction | - | - | - | 1.19% | |
| Household Furnishings | - | - | - | 0.01% | |
| Household Equipment & Products | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.25% | - | |
| Clothing & Accessories | - | - | - | 0.19% | |
| Luxury Items | - | - | - | 0.03% | |
| Footwear | - | - | - | 0.02% | |
| Leisure Goods | - | - | 0.16% | - | |
| Toys | - | - | - | 0.14% | |
| Photography | - | - | - | 0.02% | |
| Electronic Entertainment | - | - | - | 0.00% | |
| Retail | - | 1.61% | - | - | |
| Retailers | - | - | 1.61% | - | |
| Diversified Retailers | - | - | - | 0.72% | |
| Home Improvement Retailers | - | - | - | 0.47% | |
| Specialty Retailers | - | - | - | 0.24% | |
| Apparel Retailers | - | - | - | 0.19% | |
| Automobiles & Parts | - | 0.13% | - | - | |
| Automobiles & Parts | - | - | 0.13% | - | |
| Automobiles | - | - | - | 0.07% | |
| Auto Parts | - | - | - | 0.07% | |
| Industrials | 12.15% | - | - | - | |
| Industrial Goods & Services | - | 11.71% | - | - | |
| Aerospace & Defence | - | - | 3.82% | - | |
| Defense | - | - | - | 1.95% | |
| Aerospace | - | - | - | 1.87% | |
| Industrial Support Services | - | - | 3.41% | - | |
| Professional Business Support Services | - | - | - | 2.47% | |
| Industrial Suppliers | - | - | - | 0.62% | |
| Business Training & Employment Agencies | - | - | - | 0.17% | |
| Transaction Processing Services | - | - | - | 0.12% | |
| Security Services | - | - | - | 0.02% | |
| Forms & Bulk Printing Services | - | - | - | 0.01% | |
| General Industrials | - | - | 1.58% | - | |
| Containers & Packaging | - | - | - | 0.86% | |
| Diversified Industrials | - | - | - | 0.72% | |
| Industrial Transportation | - | - | 1.25% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.04% | |
| Transportation Services | - | - | - | 0.09% | |
| Delivery Services | - | - | - | 0.07% | |
| Marine Transportation | - | - | - | 0.05% | |
| Electronic & Electrical Equipment | - | - | 1.02% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.47% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.33% | |
| Electrical Components | - | - | - | 0.22% | |
| Industrial Engineering | - | - | 0.64% | - | |
| Machinery: Industrial | - | - | - | 0.37% | |
| Machinery: Construction & Handling | - | - | - | 0.22% | |
| Machinery: Specialty | - | - | - | 0.05% | |
| Construction & Materials | - | 0.44% | - | - | |
| Construction & Materials | - | - | 0.44% | - | |
| Construction | - | - | - | 0.16% | |
| Building Materials: Other | - | - | - | 0.16% | |
| Engineering & Contracting Services | - | - | - | 0.05% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.04% | |
| Cement | - | - | - | 0.02% | |
| Health Care | 11.19% | - | - | - | |
| Health Care | - | 11.19% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 10.61% | - | |
| Pharmaceuticals | - | - | - | 10.49% | |
| Biotechnology | - | - | - | 0.12% | |
| Medical Equipment & Services | - | - | 0.56% | - | |
| Medical Equipment | - | - | - | 0.36% | |
| Medical Supplies | - | - | - | 0.20% | |
| Health Care Providers | - | - | 0.03% | - | |
| Health Care Facilities | - | - | - | 0.03% | |
| Energy | 10.77% | - | - | - | |
| Energy | - | 10.77% | - | - | |
| Non-Renewable Energy | - | - | 10.76% | - | |
| Integrated Oil & Gas | - | - | - | 10.49% | |
| Oil: Crude Producers | - | - | - | 0.19% | |
| Oil Equipment & Services | - | - | - | 0.07% | |
| Offshore Drilling & Other Services | - | - | - | 0.01% | |
| Renewable Energy | - | - | 0.01% | - | |
| Alternative Fuels | - | - | - | 0.01% | |
| Basic Materials | 6.57% | - | - | - | |
| Basic Resources | - | 6.02% | - | - | |
| Industrial Metals & Mining | - | - | 5.78% | - | |
| General Mining | - | - | - | 5.42% | |
| Copper | - | - | - | 0.29% | |
| Metal Fabricating | - | - | - | 0.07% | |
| Iron & Steel | - | - | - | 0.01% | |
| Precious Metals & Mining | - | - | 0.23% | - | |
| Gold Mining | - | - | - | 0.21% | |
| Platinum & Precious Metals | - | - | - | 0.02% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.01% | - | |
| Diversified Materials | - | - | - | 0.01% | |
| Chemicals | - | 0.55% | - | - | |
| Chemicals | - | - | 0.55% | - | |
| Chemicals: Diversified | - | - | - | 0.47% | |
| Specialty Chemicals | - | - | - | 0.09% | |
| Utilities | 3.40% | - | - | - | |
| Utilities | - | 3.40% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.56% | - | |
| Multi-Utilities | - | - | - | 1.92% | |
| Water | - | - | - | 0.64% | |
| Electricity | - | - | 0.82% | - | |
| Conventional Electricity | - | - | - | 0.82% | |
| Waste & Disposal Services | - | - | 0.02% | - | |
| Waste & Disposal Services | - | - | - | 0.02% | |
| Real Estate | 2.39% | - | - | - | |
| Real Estate | - | 2.39% | - | - | |
| Real Estate Investment Trusts | - | - | 2.00% | - | |
| Diversified REITs | - | - | - | 0.57% | |
| Industrial REITs | - | - | - | 0.54% | |
| Residential REITs | - | - | - | 0.19% | |
| Office REITs | - | - | - | 0.19% | |
| Storage REITs | - | - | - | 0.15% | |
| Health Care REITs | - | - | - | 0.14% | |
| Other Specialty REITs | - | - | - | 0.13% | |
| Retail REITs | - | - | - | 0.10% | |
| Real Estate Investment & Services | - | - | 0.39% | - | |
| Real Estate Services | - | - | - | 0.26% | |
| Real Estate Holding and Development | - | - | - | 0.13% | |
| Cash and Equivalents | 2.07% | - | - | - | |
| Technology | 1.49% | - | - | - | |
| Technology | - | 1.49% | - | - | |
| Software & Computer Services | - | - | 1.42% | - | |
| Software | - | - | - | 0.71% | |
| Consumer Digital Services | - | - | - | 0.50% | |
| Computer Services | - | - | - | 0.20% | |
| Technology Hardware & Equipment | - | - | 0.08% | - | |
| Production Technology Equipment | - | - | - | 0.04% | |
| Semiconductors | - | - | - | 0.03% | |
| Electronic Components | - | - | - | 0.01% | |
| Telecommunications | 1.09% | - | - | - | |
| Telecommunications | - | 1.09% | - | - | |
| Telecommunications Service Providers | - | - | 1.04% | - | |
| Telecommunications Services | - | - | - | 1.04% | |
| Telecommunications Equipment | - | - | 0.05% | - | |
| Telecommunications Equipment | - | - | - | 0.05% | |
| Non-Classified | 0.70% | - | - | - | |
| Non-Classified | - | 0.00% | - | - | |
| Non-Classified | - | - | 0.00% | - | |
| Non-Classified | - | - | - | 0.00% | |
| Bonds | 0.06% | - | - | - | |
| Alternative Trading Strategies | 0.03% | - | - | - | |
| Alternative Trading Strategies | - | 0.03% | - | - | |
| Alternative Trading Strategies | - | - | 0.03% | - | |
| Alternative Trading Strategies | - | - | - | 0.03% | |
Regional Allocation
| UK | 87.18% | |
| Non-Classified | 5.95% | |
| Developed Europe - Excl UK | 2.92% | |
| Cash and Equivalents | 2.07% | |
| Property | 1.57% | |
| North America | 0.21% | |
| Middle East & Africa | 0.06% | |
| Developed Asia | 0.02% | |
| South & Central America | 0.01% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.87% | |
| Cash | 2.07% | |
| Pound Sterling | 0.06% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 87.18% | - | |
United Kingdom
|
- | 87.19% | |
| Non-Classified | 5.95% | - | |
| Developed Europe - Excl UK | 2.92% | - | |
Ireland
|
- | 1.94% | |
Spain
|
- | 0.27% | |
Luxembourg
|
- | 0.24% | |
Switzerland
|
- | 0.20% | |
Germany
|
- | 0.17% | |
Netherlands
|
- | 0.09% | |
France
|
- | 0.01% | |
Sweden
|
- | 0.01% | |
| Cash and Equivalents | 2.07% | - | |
| Property | 1.57% | - | |
| North America | 0.21% | - | |
United States
|
- | 0.21% | |
Canada
|
- | 0.01% | |
| Middle East & Africa | 0.06% | - | |
Israel
|
- | 0.06% | |
| Developed Asia | 0.02% | - | |
Hong Kong
|
- | 0.01% | |
Singapore
|
- | 0.01% | |
| South & Central America | 0.01% | - | |
Cayman Islands
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Mega |
|
52.25% |
| Large |
|
17.89% |
| Medium |
|
12.51% |
| Small |
|
3.65% |
| Micro |
|
0.60% |
| Non-Classified |
|
10.96% |
| Bonds |
|
0.06% |
| Cash |
|
2.07% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 6.22% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | HSBC HOLDINGS | 4.93% | Banks | United Kingdom |
| 3 | SHELL | 4.41% | Non-Renewable Energy | United Kingdom |
| 4 | UNILEVER | 4.06% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 5 | BP | 3.42% | Non-Renewable Energy | United Kingdom |
| 6 | GSK | 2.84% | Pharmaceuticals & Biotechnology | United Kingdom |
| 7 | RELX | 2.69% | Media | United Kingdom |
| 8 | DIAGEO | 2.69% | Beverages | United Kingdom |
| 9 | SHELL | 2.66% | Non-Renewable Energy | United Kingdom |
| 10 | RIO TINTO | 2.26% | Industrial Metals & Mining | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 1.35% | 0.15% | - | - | - | - | - | - | 1.49% |
| Telecommunications | 1.09% | - | - | - | - | - | - | - | 1.09% |
| Financials | 17.00% | 0.11% | - | - | - | - | 5.31% | - | 22.43% |
| Real Estate | 0.85% | - | - | - | - | 1.54% | - | - | 2.39% |
| Consumer Discretionary | 10.47% | 1.94% | - | - | - | - | - | - | 12.42% |
| Consumer Staples | 12.99% | 0.26% | - | - | - | - | - | - | 13.24% |
| Energy | 10.77% | - | - | - | - | - | - | - | 10.77% |
| Utilities | 3.40% | - | - | - | - | - | - | - | 3.40% |
| Health Care | 11.15% | 0.04% | - | - | - | - | - | - | 11.19% |
| Industrials | 11.41% | 0.74% | - | - | - | - | 0.14% | - | 12.29% |
| Basic Materials | 6.53% | 0.04% | - | - | - | - | - | - | 6.57% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.07% | 2.07% |
| Bonds | - | - | - | 0.06% | - | - | - | - | 0.06% |
| Non-Classified | 0.02% | 0.21% | - | - | - | 0.20% | 0.16% | - | 0.59% |
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. 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 | B0CNGM0 |
| Mex Code | LGBTII |
| Isin Code | GB00B0CNGM05 |
| Citi Code | LT98 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.10% |
Aims and Benchmark
| Aims | The objective of this fund is to provide growth by tracking the performance of the FTSE All-Share Index. The fund will invest almost entirely in company shares. The fund's investments will closely match those that make up the Index. The Index consists of a broad spread of UK company shares. The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk. |
| Benchmark | FTSE All-Share |
| Benchmark Category | - |
| IA Sector | UK All Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 06 April | 06 June |
| 06 October | 06 December |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| 5.70% | - |
Fund Administration
| Fund Trustee/Depository | The Northern Trust Company |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Legal & General Unit Trust Managers Limited |
| Group address | Legal & General One Coleman Street London EC2R 5AA |
| Group telephone | 0370 050 0955 |
| Dealing telephone | - |
| investments@landg.com | |
| Homepage | www.lgim.com |
| Fax number | - |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £20000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
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. 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 | 4.95 |
| Beta | 0.83 |
| Sharpe | 0.40 |
| Standard Deviation | 10.36 |
| Info Ratio | 1.29 |
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 | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| 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
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.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
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. 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
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. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.