Prudential Long Term Growth Index 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

31/12/18
to
31/12/19
31/12/19
to
31/12/20
31/12/20
to
31/12/21
31/12/21
to
31/12/22
31/12/22
to
31/12/23
Fund 19.4% 2.8% 15.4% -3.9% 10.7%
Benchmark 19.3% 4.0% 14.9% -3.9% 10.5%

Performance - to latest available quarter end

Quarter Annualised
4
2023
3 Years to
31/12/23
5 Years to
31/12/23
10 Years to
31/12/23
Fund 4.6% 7.0% 8.5% 7.5%
Benchmark 5.1% 6.9% 8.6% 7.7%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 2.46
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 2.12
SHELL 2.11
HSBC HOLDINGS 2.08
UNILEVER 1.46
DIAGEO 1.38
RELX 1.33
SAMSUNG ELECTRONICS CO. LTD 1.32
BP 1.31
MICROSOFT CORPORATION 1.02
Total 16.60

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G Long Term Growth Index Fund - the underlying fund.

Underlying fund objective: The fund invests, primarily via other M&G funds, in the shares of UK and overseas companies. The fund is passively managed with a benchmark of 40% in UK equities and 60% in overseas equities. For the overseas shares the fund is passively managed against an internal composite benchmark asset allocation set by the M&G Treasury and Investment Office. The sub-funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their indices in order to meet their investment objectives. In addition to the fund's objective, the Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Investment Manager's ESG research framework and underweighting the securities which score less well. Derivative instruments may be used for efficient portfolio management.

Performance Objective: To provide a return that is in line with that of the benchmark.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 23 years and 2 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

Daily price (25/03/2024) 496.80
Fund size (29/02/2024) £27.90m
Underlying Fund size £35.17m
Number of holdings 2165
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 30/04/2002

Asset Allocation

pie chart
  International Equities 58.03%
  UK Equities 30.82%
  Cash and Equivalents 7.26%
  Property 1.30%
  Investment Trusts 0.89%
  International Bonds 0.14%
  Alternative Trading Strategies 0.01%
  Other Assets 1.55%

Commentary

Performance as at Q4 2023 - It was a positive fourth quarter for most financial assets as investor sentiment was bolstered by the easing of inflationary pressures, optimism about forthcoming rate cuts by central banks and a potential economic 'soft landing'. After an initial period of weakness, the year ended with a powerful two-month rally in bond and equity markets. Asia Pacific ex Japan lagged the global equity market in the fourth quarter, not helped by the weak performance of China and Hong Kong, which together represent a sizeable weight of the regional index in market capitalisation terms. Some investors continue to be concerned by the lacklustre growth of the Chinese economy and problems in its property sector. Sentiment was also hurt by a cut in the country's credit outlook to negative, byratings agency Moody's. Other markets that lagged the regional index included Singapore, Thailand and the Philippines. Better-performing markets included India, South Korea and Taiwan. European equities rallied in the fourth quarter of 2023, as hopes of interest rate cuts lifted investor sentiment. Europe was one of the best-performing regions globally and the gains helped European shares deliver an annual return of around 18%, in euro terms. The European Central Bank kept interest rates on hold during the quarter and, with the annual rate of inflation in the eurozone falling to 2.4% in November, investors became increasingly optimistic that policymakers would start to cut rates in 2024. Against a backdrop of falling bond yields, the real estate and utilities sectors rallied. Industrials, information technology and materials also outperformed the broader market. In contrast, energy, consumer staples and healthcare were notable laggards. Sweden and the Netherlands were two of the best-performing markets; Norway was one of the weakest. US equities rounded off the year with a powerful rally in the fourth quarter of 2023. After declines in October, share prices then soared as investors became increasingly optimistic that the Federal Reserve had ended its interest rate hiking cycle. With annual inflation falling to 3.1% in November and the economy remaining resilient, hopes of rate cuts in 2024 helped the S&P 500 Index climb towards all-time highs. Information technology was one of the best-performing sectors. Real estate, rallied, along with financials and industrials, while energy stocks fell heavily. More defensive areas, notably consumer staples and healthcare, lagged the broader market. Canada's stockmarket also rose, buoyed by the prospect of interest rate cuts. In common with other markets around the world, the Japanese stockmarket rallied strongly from late October onwards, on the back of hopes that interest rates in other major economies had peaked and would begin falling in 2024. Over the quarter as a whole, however, Japan lagged other markets, in sterling terms. Interest rates remain very low, with the Bank of Japan (BoJ) holding overnight interest rates at -0.1% and managing 10-year government bond yields, through its so-called "yield curve control policy". In early November, the Japanese government announced a package of measures aimed at stimulating the economy which included cuts in income and residential taxes and support for low-earning households. Overall, emerging markets lagged the broad global equity market in the fourth quarter, largely held back by the performance of China. Eastern European markets were well supported, with Poland the standout performer. Meanwhile, Middle Eastern markets were generally laggards, on the back of a weaker oil price, which slipped during the quarter. Stockmarkets in Latin America shone, with Argentina, Peru, Mexico and Brazil being the pick of the region.

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 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
  International Equities 58.03%
  UK Equities 30.82%
  Cash and Equivalents 7.26%
  Property 1.30%
  Investment Trusts 0.89%
  International Bonds 0.14%
  Alternative Trading Strategies 0.01%
  Other Assets 1.55%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 17.95% - - -
 
Banks - 9.24% - -
 
Banks - - 9.24% -
 
Banks - - - 9.24%
 
Financial Services - 5.21% - -
 
Investment Banking & Brokerage Services - - 3.18% -
 
Asset Managers & Custodians - - - 1.56%
 
Investment Services - - - 1.16%
 
Diversified Financial Services - - - 0.46%
 
Finance & Credit Services - - 1.13% -
 
Financial Data & Systems - - - 1.02%
 
Consumer Lending - - - 0.11%
 
Equity Investment Instruments - - 0.90% -
 
Equity Investment Instruments - - - 0.90%
 
Insurance - 3.49% - -
 
Life Insurance - - 2.00% -
 
Life Insurance - - - 2.00%
 
Non-life Insurance - - 1.50% -
 
Full Line Insurance - - - 0.83%
 
Property & Casualty Insurance - - - 0.44%
 
Reinsurance - - - 0.20%
 
Insurance Brokers - - - 0.03%
 
Technology 13.00% - - -
 
Technology - 13.00% - -
 
Technology Hardware & Equipment - - 8.21% -
 
Semiconductors - - - 4.66%
 
Computer Hardware - - - 1.46%
 
Production Technology Equipment - - - 1.38%
 
Electronic Components - - - 0.58%
 
Electronic Office Equipment - - - 0.13%
 
Software & Computer Services - - 4.80% -
 
Software - - - 2.19%
 
Consumer Digital Services - - - 1.88%
 
Computer Services - - - 0.72%
 
Industrials 12.10% - - -
 
Industrial Goods & Services - 10.72% - -
 
General Industrials - - 2.23% -
 
Diversified Industrials - - - 1.39%
 
Containers & Packaging - - - 0.64%
 
Plastics - - - 0.12%
 
Paints & Coatings - - - 0.05%
 
Glass - - - 0.04%
 
Industrial Support Services - - 2.05% -
 
Professional Business Support Services - - - 0.99%
 
Transaction Processing Services - - - 0.50%
 
Industrial Suppliers - - - 0.34%
 
Business Training & Employment Agencies - - - 0.10%
 
Security Services - - - 0.06%
 
Forms & Bulk Printing Services - - - 0.06%
 
Industrial Transportation - - 1.78% -
 
Marine Transportation - - - 0.45%
 
Commercial Vehicle-Equipment Leasing - - - 0.42%
 
Transportation Services - - - 0.39%
 
Railroads - - - 0.29%
 
Delivery Services - - - 0.19%
 
Trucking - - - 0.03%
 
Commercial Vehicles & Parts - - - 0.01%
 
Railroad Equipment - - - 0.00%
 
Electronic & Electrical Equipment - - 1.76% -
 
Electrical Components - - - 1.31%
 
Electronic Equipment: Gauges & Meters - - - 0.28%
 
Electronic Equipment: Pollution Control - - - 0.09%
 
Electronic Equipment: Control & Filter - - - 0.06%
 
Electronic Equipment: Other - - - 0.02%
 
Aerospace & Defence - - 1.66% -
 
Defense - - - 0.87%
 
Aerospace - - - 0.80%
 
Industrial Engineering - - 1.24% -
 
Machinery: Construction & Handling - - - 0.44%
 
Machinery: Industrial - - - 0.40%
 
Machinery: Engines - - - 0.16%
 
Machinery: Tools - - - 0.13%
 
Machinery: Agricultural - - - 0.09%
 
Machinery: Specialty - - - 0.02%
 
Construction & Materials - 1.38% - -
 
Construction & Materials - - 1.38% -
 
Construction - - - 0.52%
 
Building Materials: Other - - - 0.38%
 
Building: Climate Control - - - 0.21%
 
Cement - - - 0.13%
 
Building, Roofing/Wallboard & Plumbing - - - 0.08%
 
Engineering & Contracting Services - - - 0.04%
 
Consumer Discretionary 11.80% - - -
 
Consumer Products & Services - 3.43% - -
 
Personal Goods - - 1.23% -
 
Clothing & Accessories - - - 0.67%
 
Cosmetics - - - 0.29%
 
Luxury Items - - - 0.16%
 
Footwear - - - 0.10%
 
Household Goods & Home Construction - - 0.88% -
 
Home Construction - - - 0.58%
 
Household Appliance - - - 0.27%
 
Household Equipment & Products - - - 0.01%
 
Household Furnishings - - - 0.01%
 
Consumer Services - - 0.84% -
 
Vending & Catering Service - - - 0.75%
 
Consumer Services: Misc. - - - 0.06%
 
Education Services - - - 0.02%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Leisure Goods - - 0.49% -
 
Consumer Electronics - - - 0.27%
 
Electronic Entertainment - - - 0.17%
 
Recreational Vehicles & Boats - - - 0.03%
 
Recreational Products - - - 0.02%
 
Media - 2.32% - -
 
Media - - 2.32% -
 
Publishing - - - 1.67%
 
Media Agencies - - - 0.44%
 
Entertainment - - - 0.17%
 
Radio & TV Broadcasters - - - 0.04%
 
Retail - 2.27% - -
 
Retailers - - 2.27% -
 
Diversified Retailers - - - 1.25%
 
Apparel Retailers - - - 0.46%
 
Home Improvement Retailers - - - 0.28%
 
Specialty Retailers - - - 0.28%
 
Automobiles & Parts - 2.11% - -
 
Automobiles & Parts - - 2.11% -
 
Automobiles - - - 1.79%
 
Auto Parts - - - 0.24%
 
Tires - - - 0.07%
 
Travel & Leisure - 1.67% - -
 
Travel & Leisure - - 1.67% -
 
Restaurants & Bars - - - 0.58%
 
Hotels & Motels - - - 0.57%
 
Airlines - - - 0.24%
 
Travel & Tourism - - - 0.18%
 
Recreational Services - - - 0.10%
 
Health Care 8.81% - - -
 
Health Care - 8.81% - -
 
Pharmaceuticals & Biotechnology - - 7.04% -
 
Pharmaceuticals - - - 6.70%
 
Biotechnology - - - 0.34%
 
Medical Equipment & Services - - 1.43% -
 
Medical Equipment - - - 1.02%
 
Medical Supplies - - - 0.40%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.35% -
 
Health Care Management Services - - - 0.26%
 
Health Care Facilities - - - 0.09%
 
Health Care Services - - - 0.00%
 
Consumer Staples 7.91% - - -
 
Food, Beverage & Tobacco - 4.35% - -
 
Beverages - - 2.69% -
 
Distillers & Vintners - - - 1.52%
 
Soft Drinks - - - 0.86%
 
Brewers - - - 0.32%
 
Food Producers - - 1.66% -
 
Food Products - - - 1.63%
 
Fruit & Grain Processing - - - 0.02%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Personal Care, Drug & Grocery Stores - 3.55% - -
 
Personal Care, Drug & Grocery Stores - - 3.55% -
 
Personal Products - - - 1.77%
 
Food Retailers & Wholesalers - - - 1.05%
 
Nondurable Household Products - - - 0.62%
 
Drug Retailers - - - 0.12%
 
Cash and Equivalents 7.26% - - -
 
Energy 5.61% - - -
 
Energy - 5.61% - -
 
Non-Renewable Energy - - 5.50% -
 
Integrated Oil & Gas - - - 4.14%
 
Oil: Crude Producers - - - 0.60%
 
Oil Refining and Marketing - - - 0.51%
 
Pipelines - - - 0.15%
 
Oil Equipment & Services - - - 0.10%
 
Renewable Energy - - 0.11% -
 
Renewable Energy Equipment - - - 0.11%
 
Basic Materials 4.86% - - -
 
Basic Resources - 3.49% - -
 
Industrial Metals & Mining - - 3.05% -
 
General Mining - - - 2.14%
 
Iron & Steel - - - 0.40%
 
Copper - - - 0.27%
 
Metal Fabricating - - - 0.11%
 
Aluminum - - - 0.09%
 
Nonferrous Metals - - - 0.03%
 
Precious Metals & Mining - - 0.26% -
 
Gold Mining - - - 0.24%
 
Platinum & Precious Metals - - - 0.02%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.18% -
 
Paper - - - 0.11%
 
Diversified Materials - - - 0.04%
 
Forestry - - - 0.03%
 
Textile Products - - - 0.01%
 
Chemicals - 1.37% - -
 
Chemicals - - 1.37% -
 
Chemicals: Diversified - - - 0.89%
 
Specialty Chemicals - - - 0.35%
 
Fertilizers - - - 0.07%
 
Chemicals & Synthetic Fibers - - - 0.04%
 
Telecommunications 3.55% - - -
 
Telecommunications - 3.55% - -
 
Telecommunications Equipment - - 1.92% -
 
Telecommunications Equipment - - - 1.92%
 
Telecommunications Service Providers - - 1.63% -
 
Telecommunications Services - - - 1.61%
 
Cable Television Services - - - 0.01%
 
Utilities 2.89% - - -
 
Utilities - 2.89% - -
 
Electricity - - 1.52% -
 
Conventional Electricity - - - 1.19%
 
Alternative Electricity - - - 0.33%
 
Gas, Water & Multi-utilities - - 1.25% -
 
Multi-Utilities - - - 0.95%
 
Gas Distribution - - - 0.17%
 
Water - - - 0.13%
 
Waste & Disposal Services - - 0.12% -
 
Waste & Disposal Services - - - 0.12%
 
Real Estate 2.29% - - -
 
Real Estate - 2.29% - -
 
Real Estate Investment Trusts - - 1.54% -
 
Diversified REITs - - - 0.37%
 
Industrial REITs - - - 0.33%
 
Residential REITs - - - 0.22%
 
Retail REITs - - - 0.19%
 
Office REITs - - - 0.16%
 
Storage REITs - - - 0.08%
 
Timber REITs - - - 0.06%
 
Other Specialty REITs - - - 0.06%
 
Health Care REITs - - - 0.05%
 
Hotel & Lodging REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.75% -
 
Real Estate Holding and Development - - - 0.58%
 
Real Estate Services - - - 0.17%
 
Non-Classified 1.83% - - -
 
Non-Classified - 0.12% - -
 
Non-Classified - - 0.12% -
 
Non-Classified - - - 0.12%
 
Bonds 0.14% - - -
 
Alternative Trading Strategies 0.01% - - -
 
Alternative Trading Strategies - 0.01% - -
 
Alternative Trading Strategies - - 0.01% -
 
Alternative Trading Strategies - - - 0.01%

Regional Allocation

pie chart
  UK 30.85%
  Developed Europe - Excl UK 14.37%
  North America 14.33%
  Emerging Asia 13.02%
  Japan 7.28%
  Cash and Equivalents 7.26%
  Australia & New Zealand 4.88%
  Non-Classified 2.97%
  Developed Asia 2.46%
  Other Regions 2.58%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 92.60%
  Cash 7.26%
  Euro 0.08%
  US Dollar 0.03%
  Swedish Krona 0.01%
  Swiss Franc 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 30.85% -
 
United Kingdom - 30.89%
 
Developed Europe - Excl UK 14.37% -
 
France - 2.92%
 
Switzerland - 2.63%
 
Germany - 2.13%
 
Netherlands - 1.42%
 
Ireland - 1.09%
 
Denmark - 0.98%
 
Sweden - 0.89%
 
Spain - 0.83%
 
Italy - 0.58%
 
Finland - 0.29%
 
Belgium - 0.27%
 
Norway - 0.23%
 
Portugal - 0.08%
 
Austria - 0.02%
 
Luxembourg - 0.02%
 
North America 14.33% -
 
United States - 12.73%
 
Canada - 1.60%
 
Emerging Asia 13.02% -
 
Taiwan - 5.50%
 
South Korea - 4.16%
 
India - 1.10%
 
China - 1.07%
 
Malaysia - 0.53%
 
Thailand - 0.50%
 
Indonesia - 0.11%
 
Philippines - 0.05%
 
Japan 7.28% -
 
Japan - 7.28%
 
Cash and Equivalents 7.26% -
 
Australia & New Zealand 4.88% -
 
Australia - 4.44%
 
New Zealand - 0.40%
 
New Caledonia - 0.04%
 
Non-Classified 2.97% -
 
Developed Asia 2.46% -
 
Hong Kong - 1.59%
 
Singapore - 0.87%
 
Property 1.22% -
 
South & Central America 0.60% -
 
Brazil - 0.37%
 
Mexico - 0.17%
 
Chile - 0.03%
 
Colombia - 0.02%
 
Cayman Islands - 0.00%
 
Peru - 0.00%
 
Emerging Europe 0.40% -
 
Turkey - 0.15%
 
Greece - 0.10%
 
Poland - 0.09%
 
Hungary - 0.05%
 
Czech Republic - 0.01%
 
Russian Federation - 0.00%
 
Middle East & Africa 0.36% -
 
South Africa - 0.16%
 
United Arab Emirates - 0.15%
 
Israel - 0.05%
 
Saudi Arabia - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
54.18%
Large
 
 
20.93%
Medium
 
 
7.36%
Small
 
 
1.52%
Micro
 
 
0.17%
Non-Classified
 
 
8.44%
Bonds
 
 
0.14%
Cash
 
 
7.26%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 2.46% Pharmaceuticals & Biotechnology United Kingdom
2 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 2.12% Technology Hardware & Equipment Taiwan
3 SHELL 2.11% Non-Renewable Energy United Kingdom
4 HSBC HOLDINGS 2.08% Banks United Kingdom
5 UNILEVER 1.46% Personal Care, Drug & Grocery Stores United Kingdom
6 DIAGEO 1.38% Beverages United Kingdom
7 RELX 1.33% Media United Kingdom
8 SAMSUNG ELECTRONICS CO. LTD 1.32% Telecommunications Equipment South Korea
9 BP 1.31% Non-Renewable Energy United Kingdom
10 MICROSOFT CORPORATION 1.02% Software & Computer Services United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 0.53% 12.48% - - - - - - 13.00%
Telecommunications 0.42% 3.13% - 0.08% - - - - 3.63%
Financials 6.36% 10.70% - 0.02% - - 0.89% - 17.97%
Real Estate 0.22% 0.89% - - - 1.19% - - 2.30%
Consumer Discretionary 4.41% 7.39% - 0.03% - - - - 11.83%
Consumer Staples 4.70% 3.20% - - - - - - 7.91%
Energy 3.55% 2.05% - - - - - - 5.61%
Utilities 1.10% 1.79% - - - - - - 2.89%
Health Care 3.48% 5.33% - - - - - - 8.81%
Industrials 3.89% 8.20% - - - - - - 12.10%
Basic Materials 2.12% 2.74% - - - - 0.01% - 4.87%
Cash and Equivalents - - - - - - - 7.26% 7.26%
Non-Classified 0.04% 0.13% - - - 0.11% 1.54% - 1.81%

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 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.

Identification Codes

Sedol Code 3168637
Mex Code PULTGR
Isin Code GB0031686370
Citi Code P280

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 Long Term Growth Index Fund - the underlying fund. Underlying fund objective: The fund invests, primarily via other M&G funds, in the shares of UK and overseas companies. The fund is passively managed with a benchmark of 40% in UK equities and 60% in overseas equities. For the overseas shares the fund is passively managed against an internal composite benchmark asset allocation set by the M&G Treasury and Investment Office. The sub-funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their indices in order to meet their investment objectives. In addition to the fund's objective, the Investment Manager aims to maximise the fund's ESG characteristics by overweighting its investments in securities which score well against the Investment Manager's ESG research framework and underweighting the securities which score less well. Derivative instruments may be used for efficient portfolio management. Performance Objective: To provide a return that is in line with that of the benchmark.
Benchmark Mix of FTSE and MSCI regional indices
ABI Sector 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 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.

Help

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 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.