Prudential Baillie Gifford UK Equity Core S3
Performance
Discrete performance - to latest available quarter end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 45.6% | -0.2% | -1.6% | 5.6% | 9.4% |
| Benchmark | 26.7% | 13.0% | 2.9% | 8.4% | 10.5% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 1 2025 |
3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
|
| Fund | 1.1% | 4.4% | 10.6% | 5.6% |
| Benchmark | 4.5% | 7.2% | 12.0% | 6.2% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 4.27 |
| RELX | 4.16 |
| BABCOCK INTERNATIONAL GROUP | 4.06 |
| MARKS & SPENCER GROUP P.L.C. | 4.02 |
| UNILEVER | 3.90 |
| AUTO TRADER GROUP | 3.50 |
| STANDARD CHARTERED | 3.49 |
| RIO TINTO | 3.38 |
| LEGAL & GENERAL GROUP | 3.35 |
| JUST GROUP | 3.26 |
| Total | 37.38 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Baillie Gifford UK Equity Core Fund - the underlying fund.
Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives.
Fund Manager
Iain is the head of our UK Equity Team and lead manager of the UK Core Strategy. He is also the joint manager on our flagship Managed Strategy, which he has been involved in since 2000. Iain joined Baillie Gifford in 1994 and became a partner of the firm in 2005. He has previously spent time on the US Equities Team. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently qualified as a Chartered Accountant.
Fund Overview
| Daily price (09/06/2025) | 479.80 |
| Fund size (30/04/2025) | £7.57m |
| Underlying Fund size | £195.95m |
| Number of holdings | 55 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 05/04/2004 |
Asset Allocation
| UK Equities | 97.54% | |
| Property | 1.51% | |
| Cash and Equivalents | 0.95% |
Commentary
Performance as at Q1 2025 - Largest Relative Detractors - Holdings in Inchcape, Bunzl and Trainline lagged during the period. Inchcape's shares were down in an apparent response to analyst downgrades in January. The analysts cited concerns about challenges in Chile and Asia-Pacific, two of Inchcape's key markets, as well as shifting market dynamics with the growing influence of Chinese manufacturers.The Fund Managers believe Inchcape remains well-positioned to take advantage of the longer-term opportunity as growing prosperity increases demand for cars and will continue to monitor how these market dynamics continue to evolve.Bunzl - The share price of the consumables distributor Bunzl dipped in March after the announcement of its annual results. Most notable was a fall in profits in 2024. Whilst Bunzl reiterated fairly positive forward guidance, citing consistent margins and solid growth driven by sales and acquisitions, this was not enough to turn the market positive. The company has been affected in the short term by less price inflation. However, it has demonstrated an ability to weather macroeconomic cycles in the past, and we believe it will continue to do so. Trainline reported strong results over the quarter, with net ticket sales up 12%, reaching £6 billion as e-ticket adoption in the UK continues to grow. However, the shares fell following the UK government’s announcement of plans to introduce a state-funded train ticketing website. This initiative aims to consolidate the various train operator retail websites into a single public sector platform, raising competitive concerns for Trainline. It remains uncertain whether the government will follow through on its plans, and what impact this could have on Trainline. The Fund Managers continue to believe that Trainline’s dominant market position will be challenging for competitors to disrupt. However, the fund managers continue to monitor these developments closely to assess any long-term implications for the company. Largest Relative Contributors - Holdings in Babcock International, Prudential and Standard Chartered supported performance during the quarter. Babcock, an international defence company, was the top contributor to returns this quarter. The long-term investment case for Babcock is based on the management team’s ambitious transformation plan for the company. They have made notable progress in addressing historical challenges and strengthening Babcock’s position as a valued partner in the UK and European defence markets. Interestingly, their lack of exposure to the US, once considered a weakness, has become a strategic edge given the current geopolitical climate, positioning Babcock favourably in its core markets. Prudential - After a tough few years for the shares, Prudential has been a positive over the last few months. During the quarter, Prudential announced the potential listing of ICICI Prudential Asset Management in India, and posted strong financial results. The company’s most recent forward-looking guidance was bullish, and we continue to believe the main opportunity for Prudential lies in insurance demand in Asia. Standard Chartered also reported robust full-year earnings, with annual profit rising 18%, driven by record growth in its wealth management division. The bank continues to benefit from rising wealth in Asia, a long-term structural trend that the Fund Managers expect to persist. The Fund Managers remain positive on its outlook although we did slightly trim our position following the strong run in the share price.
Source: Baillie Gifford
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.
Asset Allocation
| UK Equities | 97.54% | |
| Property | 1.51% | |
| Cash and Equivalents | 0.95% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 25.52% | - | - | - | |
| Industrial Goods & Services | - | 21.21% | - | - | |
| Industrial Support Services | - | - | 6.41% | - | |
| Professional Business Support Services | - | - | - | 2.93% | |
| Transaction Processing Services | - | - | - | 1.45% | |
| Industrial Suppliers | - | - | - | 1.16% | |
| Business Training & Employment Agencies | - | - | - | 0.87% | |
| Industrial Engineering | - | - | 4.32% | - | |
| Machinery: Construction & Handling | - | - | - | 2.70% | |
| Machinery: Industrial | - | - | - | 1.62% | |
| Aerospace & Defence | - | - | 4.06% | - | |
| Defense | - | - | - | 4.06% | |
| General Industrials | - | - | 2.55% | - | |
| Diversified Industrials | - | - | - | 2.55% | |
| Electronic & Electrical Equipment | - | - | 1.93% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.93% | |
| Industrial Transportation | - | - | 1.93% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.93% | |
| Construction & Materials | - | 4.31% | - | - | |
| Construction & Materials | - | - | 4.31% | - | |
| Building Materials: Other | - | - | - | 3.11% | |
| Engineering & Contracting Services | - | - | - | 1.20% | |
| Financials | 22.64% | - | - | - | |
| Insurance | - | 13.42% | - | - | |
| Life Insurance | - | - | 9.85% | - | |
| Life Insurance | - | - | - | 9.85% | |
| Non-life Insurance | - | - | 3.57% | - | |
| Property & Casualty Insurance | - | - | - | 2.23% | |
| Full Line Insurance | - | - | - | 1.35% | |
| Financial Services | - | 5.46% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.46% | - | |
| Asset Managers & Custodians | - | - | - | 5.46% | |
| Banks | - | 3.76% | - | - | |
| Banks | - | - | 3.76% | - | |
| Banks | - | - | - | 3.76% | |
| Consumer Discretionary | 14.47% | - | - | - | |
| Retail | - | 5.95% | - | - | |
| Retailers | - | - | 5.95% | - | |
| Specialty Retailers | - | - | - | 3.37% | |
| Home Improvement Retailers | - | - | - | 2.57% | |
| Consumer Products & Services | - | 5.13% | - | - | |
| Household Goods & Home Construction | - | - | 2.57% | - | |
| Home Construction | - | - | - | 2.57% | |
| Leisure Goods | - | - | 1.80% | - | |
| Toys | - | - | - | 1.80% | |
| Personal Goods | - | - | 0.77% | - | |
| Clothing & Accessories | - | - | - | 0.77% | |
| Media | - | 2.53% | - | - | |
| Media | - | - | 2.53% | - | |
| Media Agencies | - | - | - | 2.53% | |
| Travel & Leisure | - | 0.86% | - | - | |
| Travel & Leisure | - | - | 0.86% | - | |
| Travel & Tourism | - | - | - | 0.86% | |
| Consumer Staples | 12.16% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 8.77% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 8.77% | - | |
| Food Retailers & Wholesalers | - | - | - | 4.88% | |
| Personal Products | - | - | - | 3.90% | |
| Food, Beverage & Tobacco | - | 3.39% | - | - | |
| Beverages | - | - | 2.53% | - | |
| Distillers & Vintners | - | - | - | 2.53% | |
| Food Producers | - | - | 0.86% | - | |
| Food Products | - | - | - | 0.86% | |
| Technology | 8.01% | - | - | - | |
| Technology | - | 8.01% | - | - | |
| Software & Computer Services | - | - | 8.01% | - | |
| Computer Services | - | - | - | 4.16% | |
| Consumer Digital Services | - | - | - | 3.50% | |
| Software | - | - | - | 0.35% | |
| Health Care | 7.58% | - | - | - | |
| Health Care | - | 7.58% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.58% | - | |
| Pharmaceuticals | - | - | - | 6.74% | |
| Biotechnology | - | - | - | 0.85% | |
| Real Estate | 4.99% | - | - | - | |
| Real Estate | - | 4.99% | - | - | |
| Real Estate Investment & Services | - | - | 2.62% | - | |
| Real Estate Services | - | - | - | 2.62% | |
| Real Estate Investment Trusts | - | - | 2.37% | - | |
| Diversified REITs | - | - | - | 1.51% | |
| Office REITs | - | - | - | 0.86% | |
| Basic Materials | 3.38% | - | - | - | |
| Basic Resources | - | 3.38% | - | - | |
| Industrial Metals & Mining | - | - | 3.38% | - | |
| General Mining | - | - | - | 3.38% | |
| Cash and Equivalents | 0.95% | - | - | - | |
| Energy | 0.29% | - | - | - | |
| Energy | - | 0.29% | - | - | |
| Non-Renewable Energy | - | - | 0.29% | - | |
| Oil: Crude Producers | - | - | - | 0.29% | |
Regional Allocation
| UK | 97.54% | |
| Property | 1.51% | |
| Cash and Equivalents | 0.95% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 97.54% | - | |
United Kingdom
|
- | 97.54% | |
| Property | 1.51% | - | |
| Cash and Equivalents | 0.95% | - | |
Breakdown By Market Cap (%)
| Mega |
|
26.33% |
| Large |
|
23.89% |
| Medium |
|
40.05% |
| Small |
|
8.21% |
| Micro |
|
0.29% |
| Non-Classified |
|
0.28% |
| Cash |
|
0.95% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 4.27% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | RELX | 4.16% | Software & Computer Services | United Kingdom |
| 3 | BABCOCK INTERNATIONAL GROUP | 4.06% | Aerospace & Defence | United Kingdom |
| 4 | MARKS & SPENCER GROUP P.L.C. | 4.02% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 5 | UNILEVER | 3.90% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 6 | AUTO TRADER GROUP | 3.50% | Software & Computer Services | United Kingdom |
| 7 | STANDARD CHARTERED | 3.49% | Banks | United Kingdom |
| 8 | RIO TINTO | 3.38% | Industrial Metals & Mining | United Kingdom |
| 9 | LEGAL & GENERAL GROUP | 3.35% | Life Insurance | United Kingdom |
| 10 | JUST GROUP | 3.26% | Life Insurance | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 8.01% | - | - | - | - | - | - | - | 8.01% |
| Financials | 22.64% | - | - | - | - | - | - | - | 22.64% |
| Real Estate | 3.48% | - | - | - | - | 1.51% | - | - | 4.99% |
| Consumer Discretionary | 14.47% | - | - | - | - | - | - | - | 14.47% |
| Consumer Staples | 12.16% | - | - | - | - | - | - | - | 12.16% |
| Energy | 0.29% | - | - | - | - | - | - | - | 0.29% |
| Health Care | 7.58% | - | - | - | - | - | - | - | 7.58% |
| Industrials | 25.52% | - | - | - | - | - | - | - | 25.52% |
| Basic Materials | 3.38% | - | - | - | - | - | - | - | 3.38% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.95% | 0.95% |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 | 3420188 |
| Mex Code | PUPAC |
| Isin Code | GB0034201888 |
| Citi Code | P552 |
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 Baillie Gifford UK Equity Core Fund - the underlying fund. Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives. |
| Benchmark | FTSE All-Share Index + 1% |
| ABI Sector | UK All Companies |
Important Information
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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 | 1.90 |
| Beta | 1.01 |
| Sharpe | 0.36 |
| Standard Deviation | 13.08 |
| Info Ratio | 0.30 |
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 | No |
| 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.
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
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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
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
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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
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.