Prudential Global Equity S3

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

Performance

Discrete performance - to latest available quarter end

31/03/17
to
31/03/18
31/03/18
to
31/03/19
31/03/19
to
31/03/20
31/03/20
to
31/03/21
31/03/21
to
31/03/22
Fund 2.7% 5.6% -17.0% 36.3% 7.6%
Benchmark 2.3% 6.4% -14.0% 31.6% 9.4%

Performance - to latest available quarter end

Quarter Annualised
1
2022
3 Years to
31/03/22
5 Years to
31/03/22
10 Years to
31/03/22
Fund -1.8% 6.8% 5.7% 8.6%
Benchmark -1.0% 7.4% 6.1% 8.4%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 3.43
HSBC HOLDINGS 2.54
BP 2.43
SHELL 1.88
UNILEVER 1.75
RIO TINTO 1.72
GLAXOSMITHKLINE 1.71
DIAGEO 1.40
BRITISH AMERICAN TOBACCO 1.28
NATIONAL GRID 1.09
Total 19.24

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 30 years

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

Daily price (23/06/2022) 373.80
Fund size (30/04/2022) £74.84m
Underlying Fund size £128972579.37m
Number of holdings 1630
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 06/04/2001

Asset Allocation

pie chart
  UK Equities 52.43%
  International Equities 15.09%
  Cash and Equivalents 3.92%
  Property 1.16%
  Investment Trusts 1.08%
  Money Market 0.06%
  International Bonds 0.06%
  Alternative Trading Strategies 0.02%
  Other Assets 26.18%

Commentary

Performance as at Q1 2022 - In a challenging quarter, investor sentiment was heavily affected by two main themes: Russia's invasion of Ukraine and global inflationary fears. Many goods and services have experienced price rises over the past year, a global trend that has been exacerbated by the conflict in Ukraine.

Equities were predominately weak although the UK stockmarket was flat over the quarter owing to its exposure to commodities. The Ukraine war sent prices in energy markets and other key commodity markets soaring as production shutdowns and international sanctions began to hit the Russian economy. Europe and emerging markets were among the worst performers, with sentiment here affected by COVID-19-related lockdowns as well as these markets' proximity and economic ties to Ukraine/Russia. Meanwhile, Japan, Pacific markets and the US recorded more modest declines, all in sterling terms.

The fund declined and ended the quarter behind the benchmark and ahead of the comparator. The fund's relative performance was supported by stock selection in most markets, led by stock picks in emerging markets, Europe, Pacific markets, and more modestly Japan and the US, while selection in the UK held back relative returns.

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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: 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Equities 52.43%
  International Equities 15.09%
  Cash and Equivalents 3.92%
  Property 1.16%
  Investment Trusts 1.08%
  Money Market 0.06%
  International Bonds 0.06%
  Alternative Trading Strategies 0.02%
  Other Assets 26.18%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Non-Classified 26.74% - - -
 
Non-Classified - 23.56% - -
 
Non-Classified - - 23.56% -
 
Non-Classified - - - 23.56%
 
Financials 14.83% - - -
 
Banks - 6.56% - -
 
Banks - - 6.56% -
 
Banks - - - 6.56%
 
Financial Services - 5.08% - -
 
Investment Banking & Brokerage Services - - 3.12% -
 
Asset Managers & Custodians - - - 2.50%
 
Investment Services - - - 0.41%
 
Diversified Financial Services - - - 0.22%
 
Equity Investment Instruments - - 1.08% -
 
Equity Investment Instruments - - - 1.08%
 
Finance & Credit Services - - 0.89% -
 
Financial Data & Systems - - - 0.74%
 
Mortgage Finance - - - 0.13%
 
Consumer Lending - - - 0.02%
 
Insurance - 3.20% - -
 
Life Insurance - - 1.67% -
 
Life Insurance - - - 1.67%
 
Non-life Insurance - - 1.52% -
 
Property & Casualty Insurance - - - 0.87%
 
Full Line Insurance - - - 0.53%
 
Reinsurance - - - 0.13%
 
Industrials 9.84% - - -
 
Industrial Goods & Services - 8.15% - -
 
Industrial Support Services - - 3.15% -
 
Professional Business Support Services - - - 1.87%
 
Business Training & Employment Agencies - - - 0.52%
 
Industrial Suppliers - - - 0.52%
 
Transaction Processing Services - - - 0.20%
 
Security Services - - - 0.03%
 
Forms & Bulk Printing Services - - - 0.00%
 
General Industrials - - 1.36% -
 
Diversified Industrials - - - 0.89%
 
Containers & Packaging - - - 0.44%
 
Plastics - - - 0.03%
 
Paints & Coatings - - - 0.00%
 
Industrial Transportation - - 1.28% -
 
Commercial Vehicle-Equipment Leasing - - - 0.57%
 
Marine Transportation - - - 0.31%
 
Transportation Services - - - 0.18%
 
Delivery Services - - - 0.09%
 
Trucking - - - 0.04%
 
Railroad Equipment - - - 0.04%
 
Commercial Vehicles & Parts - - - 0.03%
 
Railroads - - - 0.01%
 
Electronic & Electrical Equipment - - 0.91% -
 
Electronic Equipment: Control & Filter - - - 0.43%
 
Electrical Components - - - 0.33%
 
Electronic Equipment: Gauges & Meters - - - 0.14%
 
Aerospace & Defence - - 0.78% -
 
Defense - - - 0.42%
 
Aerospace - - - 0.36%
 
Industrial Engineering - - 0.67% -
 
Machinery: Construction & Handling - - - 0.36%
 
Machinery: Industrial - - - 0.24%
 
Machinery: Tools - - - 0.02%
 
Machinery: Agricultural - - - 0.02%
 
Machinery: Specialty - - - 0.01%
 
Machinery: Engines - - - 0.01%
 
Construction & Materials - 1.70% - -
 
Construction & Materials - - 1.70% -
 
Construction - - - 0.49%
 
Cement - - - 0.42%
 
Engineering & Contracting Services - - - 0.27%
 
Building Materials: Other - - - 0.26%
 
Building, Roofing/Wallboard & Plumbing - - - 0.25%
 
Building: Climate Control - - - 0.02%
 
Consumer Discretionary 8.90% - - -
 
Consumer Products & Services - 2.84% - -
 
Household Goods & Home Construction - - 1.19% -
 
Home Construction - - - 1.14%
 
Household Equipment & Products - - - 0.03%
 
Household Appliance - - - 0.01%
 
Household Furnishings - - - 0.00%
 
Personal Goods - - 0.76% -
 
Clothing & Accessories - - - 0.46%
 
Luxury Items - - - 0.12%
 
Cosmetics - - - 0.11%
 
Footwear - - - 0.07%
 
Consumer Services - - 0.63% -
 
Vending & Catering Service - - - 0.58%
 
Funeral Parlors & Cemetery - - - 0.03%
 
Consumer Services: Misc. - - - 0.02%
 
Education Services - - - 0.01%
 
Leisure Goods - - 0.26% -
 
Toys - - - 0.25%
 
Electronic Entertainment - - - 0.01%
 
Consumer Electronics - - - 0.00%
 
Travel & Leisure - 2.33% - -
 
Travel & Leisure - - 2.33% -
 
Travel & Tourism - - - 0.72%
 
Casinos & Gambling - - - 0.54%
 
Recreational Services - - - 0.36%
 
Restaurants & Bars - - - 0.28%
 
Hotels & Motels - - - 0.23%
 
Airlines - - - 0.21%
 
Media - 2.04% - -
 
Media - - 2.04% -
 
Publishing - - - 0.98%
 
Media Agencies - - - 0.78%
 
Radio & TV Broadcasters - - - 0.28%
 
Entertainment - - - 0.00%
 
Retail - 1.29% - -
 
Retailers - - 1.29% -
 
Diversified Retailers - - - 0.37%
 
Home Improvement Retailers - - - 0.35%
 
Apparel Retailers - - - 0.31%
 
Specialty Retailers - - - 0.26%
 
Automobiles & Parts - 0.40% - -
 
Automobiles & Parts - - 0.40% -
 
Automobiles - - - 0.29%
 
Auto Parts - - - 0.08%
 
Tires - - - 0.04%
 
Health Care 8.56% - - -
 
Health Care - 8.56% - -
 
Pharmaceuticals & Biotechnology - - 7.69% -
 
Pharmaceuticals - - - 6.74%
 
Biotechnology - - - 0.95%
 
Medical Equipment & Services - - 0.81% -
 
Medical Equipment - - - 0.60%
 
Medical Supplies - - - 0.20%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.06% -
 
Health Care Services - - - 0.03%
 
Health Care Facilities - - - 0.02%
 
Consumer Staples 8.40% - - -
 
Food, Beverage & Tobacco - 5.11% - -
 
Beverages - - 1.89% -
 
Distillers & Vintners - - - 1.48%
 
Soft Drinks - - - 0.29%
 
Brewers - - - 0.12%
 
Tobacco - - 1.71% -
 
Tobacco - - - 1.71%
 
Food Producers - - 1.51% -
 
Food Products - - - 1.43%
 
Farming, Fishing, Ranching & Plantations - - - 0.09%
 
Personal Care, Drug & Grocery Stores - 3.29% - -
 
Personal Care, Drug & Grocery Stores - - 3.29% -
 
Personal Products - - - 1.79%
 
Nondurable Household Products - - - 0.87%
 
Food Retailers & Wholesalers - - - 0.64%
 
Basic Materials 5.38% - - -
 
Basic Resources - 4.27% - -
 
Industrial Metals & Mining - - 3.95% -
 
General Mining - - - 3.04%
 
Copper - - - 0.57%
 
Nonferrous Metals - - - 0.15%
 
Iron & Steel - - - 0.13%
 
Metal Fabricating - - - 0.04%
 
Aluminum - - - 0.01%
 
Precious Metals & Mining - - 0.25% -
 
Gold Mining - - - 0.19%
 
Platinum & Precious Metals - - - 0.06%
 
Industrial Materials - - 0.07% -
 
Paper - - - 0.05%
 
Forestry - - - 0.02%
 
Chemicals - 1.11% - -
 
Chemicals - - 1.11% -
 
Chemicals: Diversified - - - 0.56%
 
Specialty Chemicals - - - 0.54%
 
Fertilizers - - - 0.01%
 
Cash and Equivalents 3.92% - - -
 
Energy 3.88% - - -
 
Energy - 3.88% - -
 
Non-Renewable Energy - - 3.53% -
 
Integrated Oil & Gas - - - 2.84%
 
Oil: Crude Producers - - - 0.49%
 
Oil Equipment & Services - - - 0.10%
 
Oil Refining and Marketing - - - 0.06%
 
Pipelines - - - 0.02%
 
Offshore Drilling & Other Services - - - 0.01%
 
Coal - - - 0.01%
 
Renewable Energy - - 0.36% -
 
Alternative Fuels - - - 0.20%
 
Renewable Energy Equipment - - - 0.16%
 
Technology 3.31% - - -
 
Technology - 3.31% - -
 
Software & Computer Services - - 2.10% -
 
Software - - - 1.05%
 
Consumer Digital Services - - - 0.86%
 
Computer Services - - - 0.19%
 
Technology Hardware & Equipment - - 1.21% -
 
Semiconductors - - - 0.48%
 
Production Technology Equipment - - - 0.29%
 
Computer Hardware - - - 0.28%
 
Electronic Components - - - 0.15%
 
Electronic Office Equipment - - - 0.00%
 
Utilities 2.67% - - -
 
Utilities - 2.67% - -
 
Gas, Water & Multi-utilities - - 1.63% -
 
Multi-Utilities - - - 1.23%
 
Water - - - 0.37%
 
Gas Distribution - - - 0.02%
 
Electricity - - 1.04% -
 
Conventional Electricity - - - 0.92%
 
Alternative Electricity - - - 0.12%
 
Real Estate 2.01% - - -
 
Real Estate - 2.01% - -
 
Real Estate Investment Trusts - - 1.43% -
 
Diversified REITs - - - 0.40%
 
Industrial REITs - - - 0.31%
 
Residential REITs - - - 0.25%
 
Office REITs - - - 0.18%
 
Retail REITs - - - 0.13%
 
Storage REITs - - - 0.06%
 
Other Specialty REITs - - - 0.05%
 
Health Care REITs - - - 0.04%
 
Infrastructure REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.57% -
 
Real Estate Holding and Development - - - 0.40%
 
Real Estate Services - - - 0.17%
 
Telecommunications 1.48% - - -
 
Telecommunications - 1.48% - -
 
Telecommunications Service Providers - - 1.37% -
 
Telecommunications Services - - - 1.37%
 
Telecommunications Equipment - - 0.11% -
 
Telecommunications Equipment - - - 0.11%
 
Bonds 0.06% - - -
 
Alternative Trading Strategies 0.02% - - -
 
Alternative Trading Strategies - 0.02% - -
 
Alternative Trading Strategies - - 0.02% -
 
Alternative Trading Strategies - - - 0.02%

Regional Allocation

pie chart
  UK 52.45%
  Non-Classified 27.59%
  Developed Europe - Excl UK 10.75%
  Cash and Equivalents 3.99%
  Emerging Asia 1.39%
  Property 1.14%
  North America 1.04%
  Australia & New Zealand 0.49%
  South & Central America 0.45%
  Other Regions 0.71%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 96.02%
  Cash 3.92%
  Pound Sterling 0.02%
  Swedish Krona 0.02%
  Swiss Franc 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 52.45% -
 
United Kingdom - 52.45%
 
Jersey - 0.00%
 
Non-Classified 27.59% -
 
Developed Europe - Excl UK 10.75% -
 
Switzerland - 1.97%
 
France - 1.90%
 
Germany - 1.55%
 
Ireland - 1.42%
 
Netherlands - 1.00%
 
Sweden - 0.65%
 
Spain - 0.54%
 
Denmark - 0.51%
 
Italy - 0.38%
 
Finland - 0.25%
 
Belgium - 0.19%
 
Norway - 0.15%
 
Luxembourg - 0.12%
 
Portugal - 0.07%
 
Austria - 0.05%
 
Cash and Equivalents 3.99% -
 
Emerging Asia 1.39% -
 
South Korea - 0.57%
 
China - 0.31%
 
Taiwan - 0.21%
 
Indonesia - 0.08%
 
India - 0.07%
 
Philippines - 0.07%
 
Pakistan - 0.04%
 
Thailand - 0.03%
 
Property 1.14% -
 
North America 1.04% -
 
United States - 0.72%
 
Canada - 0.33%
 
Australia & New Zealand 0.49% -
 
Australia - 0.49%
 
South & Central America 0.45% -
 
Brazil - 0.31%
 
Mexico - 0.12%
 
Chile - 0.02%
 
Developed Asia 0.29% -
 
Hong Kong - 0.28%
 
Singapore - 0.01%
 
Middle East & Africa 0.22% -
 
South Africa - 0.19%
 
Israel - 0.02%
 
Zambia - 0.01%
 
Cote D'Ivoire - 0.00%
 
Emerging Europe 0.20% -
 
Turkey - 0.10%
 
Poland - 0.05%
 
Greece - 0.02%
 
Hungary - 0.02%
 
Czech Republic - 0.01%
 
Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
33.15%
Large
 
 
12.84%
Medium
 
 
13.34%
Small
 
 
6.96%
Micro
 
 
1.43%
Non-Classified
 
 
28.30%
Bonds
 
 
0.06%
Cash
 
 
3.92%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 3.43% Pharmaceuticals & Biotechnology United Kingdom
2 HSBC HOLDINGS 2.54% Banks United Kingdom
3 BP 2.43% Non-Renewable Energy United Kingdom
4 SHELL 1.88% Non-Renewable Energy Non-Classified
5 UNILEVER 1.75% Personal Care, Drug & Grocery Stores United Kingdom
6 RIO TINTO 1.72% Industrial Metals & Mining United Kingdom
7 GLAXOSMITHKLINE 1.71% Pharmaceuticals & Biotechnology United Kingdom
8 DIAGEO 1.40% Beverages United Kingdom
9 BRITISH AMERICAN TOBACCO 1.28% Tobacco United Kingdom
10 NATIONAL GRID 1.09% Gas, Water & Multi-utilities United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.80% 1.51% - - - - - - 3.31%
Telecommunications 1.05% 0.43% - - - - - - 1.48%
Financials 11.35% 2.40% - 0.03% - - 1.08% - 14.87%
Real Estate 0.69% 0.18% - - - 1.14% - - 2.01%
Consumer Discretionary 7.11% 1.79% - - - - - - 8.90%
Consumer Staples 7.31% 1.10% - - - - - - 8.40%
Energy 3.21% 0.68% - - - - 2.06% - 5.94%
Utilities 2.18% 0.48% - - - - - - 2.67%
Health Care 6.42% 2.14% - - - - 0.03% - 8.59%
Industrials 7.31% 2.53% - - - - 0.02% - 9.86%
Basic Materials 3.83% 1.55% - - - - - - 5.38%
Cash and Equivalents - - - - - - - 3.92% 3.92%
Bonds - - - 0.02% - - - - 0.02%
Non-Classified 0.15% 0.31% - - - 0.03% 24.16% - 24.65%

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: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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: 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.

Identification Codes

Sedol Code 3168596
Mex Code PUGLE
Isin Code GB0031685968
Citi Code P273

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 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).

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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: 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 for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

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.

You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.

  • 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 trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information or make any warranties regarding results from its usage.

Important Information

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

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

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. 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: 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information 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.