PIA Balanced Managed USD Ser A

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 1.4% 13.8% -0.6% -7.1% 8.3%
Sector 1.2% 15.1% -3.6% -11.6% 8.1%
Rank 130/239 133/248 62/265 28/271 123/280
Quartile 3 3 1 1 2

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 0.0% 2.9% 3.2%
Sector -2.7% 1.4% 0.4%
Rank 32/265 52/239 12/169
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
MICROSOFT CORPORATION 1.43
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.21
APPLE 1.17
CBT US 5YR NOT (CB Jun24 1.02
CBT US 2YR NOT (CB Jun24 0.98
NVIDIA CORP 0.87
US TRE 0.875% 30/06/2026 0.77
SAMSUNG ELECTRONICS CO. LTD 0.76
CBT US 5YR NOT (CB Jun24 0.76
AMAZON.COM 0.70
Total 9.67

Fund Aims

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a portfolio of international equity funds, international fixed income funds and cash. The fund is denominated in US dollars.

Fund Manager

M&G Treasury & Investment Office manager for 29 years and 8 months

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

Fund Overview

Bid (27/03/2024) 3.53
Offer (27/03/2024) 3.72
Fund size (29/02/2024) $3.36m
Number of holdings 3546
Launch date 30/06/1994

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.04%
Yearly Total 1.79%

Asset Allocation

pie chart
  International Bonds 44.61%
  International Equities 44.12%
  UK Equities 7.48%
  UK Corporate Bonds 0.79%
  Property 0.70%
  Investment Trusts 0.08%
  Alternative Trading Strategies 0.00%
  Cash and Equivalents -1.16%
  Other Assets 3.39%
Portfolio data accurate as at: 29/02/24

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 product charges, or 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 the fund's currency of denomination 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 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 44.61%
  International Equities 44.12%
  UK Equities 7.48%
  UK Corporate Bonds 0.79%
  Property 0.70%
  Investment Trusts 0.08%
  Alternative Trading Strategies 0.00%
  Cash and Equivalents -1.16%
  Other Assets 3.39%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 45.40% - - -
 
Technology 10.13% - - -
 
Technology - 10.13% - -
 
Technology Hardware & Equipment - - 5.42% -
 
Semiconductors - - - 3.23%
 
Computer Hardware - - - 1.39%
 
Production Technology Equipment - - - 0.53%
 
Electronic Components - - - 0.24%
 
Electronic Office Equipment - - - 0.03%
 
Software & Computer Services - - 4.71% -
 
Software - - - 2.20%
 
Consumer Digital Services - - - 1.90%
 
Computer Services - - - 0.60%
 
Financials 9.38% - - -
 
Banks - 5.03% - -
 
Banks - - 5.03% -
 
Banks - - - 5.03%
 
Financial Services - 2.40% - -
 
Investment Banking & Brokerage Services - - 1.85% -
 
Investment Services - - - 0.82%
 
Asset Managers & Custodians - - - 0.72%
 
Diversified Financial Services - - - 0.31%
 
Finance & Credit Services - - 0.47% -
 
Financial Data & Systems - - - 0.34%
 
Mortgage Finance - - - 0.07%
 
Consumer Lending - - - 0.06%
 
Equity Investment Instruments - - 0.08% -
 
Equity Investment Instruments - - - 0.08%
 
Nonequity Investment Instruments - - 0.01% -
 
Nonequity Investment Instruments - - - 0.01%
 
Insurance - 1.95% - -
 
Non-life Insurance - - 0.99% -
 
Full Line Insurance - - - 0.45%
 
Property & Casualty Insurance - - - 0.36%
 
Reinsurance - - - 0.14%
 
Insurance Brokers - - - 0.04%
 
Life Insurance - - 0.96% -
 
Life Insurance - - - 0.96%
 
Industrials 7.79% - - -
 
Industrial Goods & Services - 7.13% - -
 
Industrial Support Services - - 2.07% -
 
Transaction Processing Services - - - 0.69%
 
Professional Business Support Services - - - 0.67%
 
Industrial Suppliers - - - 0.41%
 
Business Training & Employment Agencies - - - 0.14%
 
Security Services - - - 0.14%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 1.74% -
 
Diversified Industrials - - - 1.29%
 
Containers & Packaging - - - 0.40%
 
Glass - - - 0.02%
 
Paints & Coatings - - - 0.02%
 
Plastics - - - 0.01%
 
Industrial Transportation - - 1.21% -
 
Marine Transportation - - - 0.40%
 
Transportation Services - - - 0.23%
 
Railroads - - - 0.21%
 
Delivery Services - - - 0.17%
 
Commercial Vehicles & Parts - - - 0.11%
 
Commercial Vehicle-Equipment Leasing - - - 0.04%
 
Trucking - - - 0.04%
 
Railroad Equipment - - - 0.00%
 
Electronic & Electrical Equipment - - 0.82% -
 
Electrical Components - - - 0.49%
 
Electronic Equipment: Pollution Control - - - 0.12%
 
Electronic Equipment: Gauges & Meters - - - 0.12%
 
Electronic Equipment: Control & Filter - - - 0.10%
 
Industrial Engineering - - 0.77% -
 
Machinery: Engines - - - 0.24%
 
Machinery: Industrial - - - 0.18%
 
Machinery: Tools - - - 0.17%
 
Machinery: Construction & Handling - - - 0.17%
 
Machinery: Agricultural - - - 0.01%
 
Machinery: Specialty - - - 0.00%
 
Aerospace & Defence - - 0.53% -
 
Defense - - - 0.31%
 
Aerospace - - - 0.21%
 
Construction & Materials - 0.66% - -
 
Construction & Materials - - 0.66% -
 
Building: Climate Control - - - 0.19%
 
Building Materials: Other - - - 0.17%
 
Cement - - - 0.16%
 
Construction - - - 0.12%
 
Building, Roofing/Wallboard & Plumbing - - - 0.02%
 
Engineering & Contracting Services - - - 0.00%
 
Consumer Discretionary 7.56% - - -
 
Retail - 2.41% - -
 
Retailers - - 2.41% -
 
Diversified Retailers - - - 1.50%
 
Apparel Retailers - - - 0.34%
 
Specialty Retailers - - - 0.34%
 
Home Improvement Retailers - - - 0.22%
 
Automobiles & Parts - 1.94% - -
 
Automobiles & Parts - - 1.94% -
 
Automobiles - - - 1.56%
 
Auto Parts - - - 0.30%
 
Tires - - - 0.08%
 
Consumer Products & Services - 1.28% - -
 
Leisure Goods - - 0.39% -
 
Consumer Electronics - - - 0.20%
 
Electronic Entertainment - - - 0.08%
 
Recreational Vehicles & Boats - - - 0.04%
 
Photography - - - 0.04%
 
Recreational Products - - - 0.01%
 
Toys - - - 0.01%
 
Household Goods & Home Construction - - 0.38% -
 
Home Construction - - - 0.29%
 
Household Appliance - - - 0.08%
 
Household Equipment & Products - - - 0.00%
 
Household Furnishings - - - 0.00%
 
Personal Goods - - 0.30% -
 
Clothing & Accessories - - - 0.13%
 
Cosmetics - - - 0.06%
 
Luxury Items - - - 0.05%
 
Footwear - - - 0.05%
 
Consumer Services - - 0.22% -
 
Vending & Catering Service - - - 0.13%
 
Consumer Services: Misc. - - - 0.06%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Travel & Leisure - 1.15% - -
 
Travel & Leisure - - 1.15% -
 
Restaurants & Bars - - - 0.49%
 
Hotels & Motels - - - 0.27%
 
Casinos & Gambling - - - 0.17%
 
Airlines - - - 0.12%
 
Travel & Tourism - - - 0.09%
 
Recreational Services - - - 0.01%
 
Media - 0.79% - -
 
Media - - 0.79% -
 
Media Agencies - - - 0.24%
 
Publishing - - - 0.20%
 
Entertainment - - - 0.20%
 
Radio & TV Broadcasters - - - 0.15%
 
Health Care 4.60% - - -
 
Health Care - 4.60% - -
 
Pharmaceuticals & Biotechnology - - 3.30% -
 
Pharmaceuticals - - - 3.08%
 
Biotechnology - - - 0.22%
 
Medical Equipment & Services - - 0.93% -
 
Medical Equipment - - - 0.78%
 
Medical Supplies - - - 0.14%
 
Medical Services - - - 0.00%
 
Health Care Providers - - 0.38% -
 
Health Care Management Services - - - 0.36%
 
Health Care Facilities - - - 0.02%
 
Health Care Services - - - 0.00%
 
Non-Classified 3.41% - - -
 
Non-Classified - 0.96% - -
 
Non-Classified - - 0.96% -
 
Non-Classified - - - 0.96%
 
Consumer Staples 2.89% - - -
 
Personal Care, Drug & Grocery Stores - 1.52% - -
 
Personal Care, Drug & Grocery Stores - - 1.52% -
 
Food Retailers & Wholesalers - - - 0.79%
 
Personal Products - - - 0.49%
 
Drug Retailers - - - 0.15%
 
Nondurable Household Products - - - 0.09%
 
Food, Beverage & Tobacco - 1.37% - -
 
Beverages - - 0.92% -
 
Soft Drinks - - - 0.64%
 
Distillers & Vintners - - - 0.16%
 
Brewers - - - 0.13%
 
Food Producers - - 0.45% -
 
Food Products - - - 0.44%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Fruit & Grain Processing - - - 0.00%
 
Telecommunications 2.40% - - -
 
Telecommunications - 2.40% - -
 
Telecommunications Equipment - - 1.33% -
 
Telecommunications Equipment - - - 1.33%
 
Telecommunications Service Providers - - 1.08% -
 
Telecommunications Services - - - 1.06%
 
Cable Television Services - - - 0.02%
 
Energy 2.19% - - -
 
Energy - 2.19% - -
 
Non-Renewable Energy - - 2.15% -
 
Integrated Oil & Gas - - - 1.15%
 
Oil: Crude Producers - - - 0.41%
 
Oil Refining and Marketing - - - 0.40%
 
Oil Equipment & Services - - - 0.17%
 
Pipelines - - - 0.01%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.03% -
 
Renewable Energy Equipment - - - 0.03%
 
Basic Materials 2.18% - - -
 
Basic Resources - 1.27% - -
 
Industrial Metals & Mining - - 1.02% -
 
General Mining - - - 0.52%
 
Iron & Steel - - - 0.39%
 
Copper - - - 0.06%
 
Metal Fabricating - - - 0.02%
 
Aluminum - - - 0.02%
 
Nonferrous Metals - - - 0.01%
 
Industrial Materials - - 0.17% -
 
Paper - - - 0.11%
 
Diversified Materials - - - 0.05%
 
Forestry - - - 0.00%
 
Textile Products - - - 0.00%
 
Precious Metals & Mining - - 0.08% -
 
Gold Mining - - - 0.07%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Chemicals - 0.91% - -
 
Chemicals - - 0.91% -
 
Chemicals: Diversified - - - 0.71%
 
Specialty Chemicals - - - 0.13%
 
Fertilizers - - - 0.05%
 
Chemicals & Synthetic Fibers - - - 0.03%
 
Real Estate 1.75% - - -
 
Real Estate - 1.75% - -
 
Real Estate Investment Trusts - - 0.93% -
 
Industrial REITs - - - 0.20%
 
Retail REITs - - - 0.17%
 
Diversified REITs - - - 0.13%
 
Residential REITs - - - 0.11%
 
Timber REITs - - - 0.09%
 
Office REITs - - - 0.07%
 
Health Care REITs - - - 0.07%
 
Storage REITs - - - 0.04%
 
Other Specialty REITs - - - 0.04%
 
Hotel & Lodging REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.82% -
 
Real Estate Holding and Development - - - 0.53%
 
Real Estate Services - - - 0.29%
 
Utilities 1.47% - - -
 
Utilities - 1.47% - -
 
Electricity - - 0.80% -
 
Conventional Electricity - - - 0.76%
 
Alternative Electricity - - - 0.05%
 
Gas, Water & Multi-utilities - - 0.59% -
 
Multi-Utilities - - - 0.51%
 
Water - - - 0.06%
 
Gas Distribution - - - 0.02%
 
Waste & Disposal Services - - 0.07% -
 
Waste & Disposal Services - - - 0.07%
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%
 
Cash and Equivalents -1.16% - - -

Regional Allocation

pie chart
  North America 61.25%
  Emerging Asia 8.85%
  Developed Europe - Excl UK 8.69%
  UK 8.27%
  Japan 4.48%
  Non-Classified 4.02%
  Developed Asia 2.69%
  Australia & New Zealand 1.34%
  Property 0.69%
  Other Regions -0.27%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 55.76%
  US Dollar 45.14%
  Euro 0.22%
  Canadian Dollar 0.04%
  Cash -1.16%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 61.25% -
 
United States - 60.45%
 
Canada - 0.80%
 
Emerging Asia 8.85% -
 
South Korea - 2.33%
 
China - 2.02%
 
Taiwan - 1.91%
 
India - 1.48%
 
Indonesia - 0.53%
 
Thailand - 0.31%
 
Malaysia - 0.19%
 
Philippines - 0.09%
 
Developed Europe - Excl UK 8.69% -
 
France - 1.80%
 
Germany - 1.55%
 
Ireland - 1.11%
 
Switzerland - 1.05%
 
Netherlands - 0.82%
 
Spain - 0.49%
 
Sweden - 0.37%
 
Denmark - 0.35%
 
Italy - 0.24%
 
Finland - 0.24%
 
Belgium - 0.21%
 
Luxembourg - 0.17%
 
Norway - 0.16%
 
Austria - 0.10%
 
Portugal - 0.01%
 
UK 8.27% -
 
United Kingdom - 8.27%
 
Japan 4.48% -
 
Japan - 4.48%
 
Non-Classified 4.02% -
 
Developed Asia 2.69% -
 
Hong Kong - 1.86%
 
Singapore - 0.83%
 
Australia & New Zealand 1.34% -
 
Australia - 1.31%
 
New Zealand - 0.03%
 
Property 0.69% -
 
South & Central America 0.44% -
 
Brazil - 0.27%
 
Mexico - 0.12%
 
Chile - 0.03%
 
Colombia - 0.01%
 
Peru - 0.00%
 
Cayman Islands - 0.00%
 
Middle East & Africa 0.28% -
 
South Africa - 0.12%
 
United Arab Emirates - 0.11%
 
Saudi Arabia - 0.04%
 
Israel - 0.02%
 
Emerging Europe 0.16% -
 
Greece - 0.05%
 
Turkey - 0.05%
 
Poland - 0.04%
 
Hungary - 0.02%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%
 
Cash and Equivalents -1.16% -

Breakdown By Market Cap (%)

Mega
 
 
31.05%
Large
 
 
12.64%
Medium
 
 
4.81%
Small
 
 
0.45%
Micro
 
 
0.09%
Non-Classified
 
 
6.73%
Bonds
 
 
45.40%
Cash
 
-1.16%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
24.98%
5Yr - 10Yr Maturity
 
 
10.94%
10Yr - 15Yr Maturity
 
 
1.30%
> 15Yr Maturity
 
 
8.18%
Cash And Equivalents
 
-1.16%
Unknown Maturity
 
 
2.45%
Other Asset Types
 
 
53.31%

Fixed Interest Quality Profile

AAA
 
 
22.77%
AA
 
 
0.71%
A
 
 
8.50%
BBB
 
 
9.35%
Sub-Investment Grade
 
 
2.03%
Unknown Quality
 
 
2.04%
Cash and Equivalents
 
-1.16%
Other Asset Types
 
 
55.76%

Top 10 Fund Holdings

Name % Weight Sector Country
1 Vanguard US Government Bond Index Acc 20.18% Managed Funds Managed Funds
2 M&G (1) US Corporate Bond - 19.64% Managed Funds Managed Funds
3 M&G (ACS) Blackrock US Equity Z3A Acc 18.68% Managed Funds Managed Funds
4 M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A 10.26% Managed Funds Managed Funds
5 M&G (1) US Short Duration Corporate Bond - 8.42% Managed Funds Managed Funds
6 PIA UK Equity Ser A 8.14% Managed Funds Managed Funds
7 M&G (LUX) FCP Europe ex UK Equity Fund Z3A Acc 5.12% Managed Funds Managed Funds
8 M&G (ACS) Japan Equity Fund Z3A Acc 4.41% Managed Funds Managed Funds
9 M&G (1) BlackRock Emerging Markets Equity Class GBP Z2A 4.40% Managed Funds Managed Funds
10 M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z3A Acc 2.22% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 MICROSOFT CORPORATION 1.43% Software & Computer Services United States
2 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.21% Technology Hardware & Equipment Taiwan
3 APPLE 1.17% Technology Hardware & Equipment United States
4 CBT US 5YR NOT (CB Jun24 1.02% Non-Classified Non-Classified
5 CBT US 2YR NOT (CB Jun24 0.98% Non-Classified Non-Classified
6 NVIDIA CORP 0.87% Technology Hardware & Equipment United States
7 US TRE 0.875% 30/06/2026 0.77% Bonds United States
8 SAMSUNG ELECTRONICS CO. LTD 0.76% Telecommunications Equipment South Korea
9 CBT US 5YR NOT (CB Jun24 0.76% Non-Classified Non-Classified
10 AMAZON.COM 0.70% Retailers United States

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 0794648
Mex Code SBEBD
Isin Code IE0007946480
Citi Code SY36

Fund Charges

Annual Management Charge (AMC) 1.75%
Further Costs 0.04%
Yearly Total 1.79%

Aims and Benchmark

Aims Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital). Fund Investments: The fund will invest in a portfolio of international equity funds, international fixed income funds and cash. The fund is denominated in US dollars.
Benchmark Composite
Sector OI Mixed Investment 20-60% Shares

Ratings

FE Crown Crown Rating of 4

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.

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 product charges, or 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 the fund's currency of denomination 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 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.

The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.