Prudential UK Equity Passive 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

30/06/17
to
30/06/18
30/06/18
to
30/06/19
30/06/19
to
30/06/20
30/06/20
to
30/06/21
30/06/21
to
30/06/22
Fund 9.3% 0.4% -12.7% 21.2% 0.8%
Benchmark 9.0% 0.6% -13.0% 21.5% 1.6%

Performance - to latest available quarter end

Quarter Annualised
2
2022
3 Years to
30/06/22
5 Years to
30/06/22
10 Years to
30/06/22
Fund -5.4% 2.2% 3.2% 6.8%
Benchmark -5.0% 2.4% 3.3% 6.9%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 7.16
SHELL 6.86
HSBC HLDGS 4.63
UNILEVER 4.07
GLAXOSMITHKLINE 3.78
BRITISH AMERICAN TOBACCO 3.43
DIAGEO 3.42
BP 3.19
RIO TINTO 2.91
ANGLO AMERICAN 2.17
Total 41.64

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP UK Equity Passive Fund – the underlying fund.

Underlying fund objective: The fund invests in the shares of UK companies. The fund is passively managed against its benchmark, the FTSE All-Share Index. The fund tracks the index by holding all of the companies which make up the FTSE 100 Index, together with a representative sample of the remainder of the companies in the All-Share Index.

Performance Objective: To match the performance of the benchmark as closely as possible.

Fund Manager

Nigel Booth manager of the underlying fund for 19 years

Photo of Nigel Booth Nigel Booth is head of index funds and manages some 20 index funds. Before joining Prudential Group, he was responsible for index/passive funds and derivatives dealing at Clerical Medical Investment Management (now Insight Investment). Nigel graduated in business studies.

Fund Overview

Daily price (15/08/2022) 328.10
Fund size (30/06/2022) £62.86m
Underlying Fund size £0.00m
Number of holdings 1290
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 79.16%
  Investment Trusts 5.02%
  International Equities 3.75%
  Cash and Equivalents 2.50%
  Property 1.87%
  International Bonds 0.08%
  Alternative Trading Strategies 0.06%
  UK Corporate Bonds 0.00%
  Other Assets 7.56%

Commentary

Performance as at Q1 2022 - The UK stockmarket, led by the FTSE 100 larger companies index, proved to be remarkably resilient in a difficult start to the year, ending just in positive territory for a sixth-successive quarter and ahead of the major regional equity markets in local currency terms. The dominant events of the first quarter were the crisis in Ukraine and swingeing sanctions on Russia. Risk appetite improved towards the period end as the two sides met for peace talks. Before these took centre stage, investors had been fretting about a sharp uptick in inflation, to 6.2% in the UK - caused by surging commodity prices and supply disruptions - leading bond yields to spike upwards in anticipation of tighter monetary policy. The Bank of England duly raised interest rates twice to 0.75%. Against this background, a weaker trend in sterling supported the FTSE 100, along with a substantial exposure to resources and more defensive sectors such as pharmaceuticals, telecoms, tobacco and utilities, as well as banks which benefited from the interest rate move.

Source: M&G

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 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 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 79.16%
  Investment Trusts 5.02%
  International Equities 3.75%
  Cash and Equivalents 2.50%
  Property 1.87%
  International Bonds 0.08%
  Alternative Trading Strategies 0.06%
  UK Corporate Bonds 0.00%
  Other Assets 7.56%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 20.26% - - -
 
Financial Services - 8.87% - -
 
Equity Investment Instruments - - 5.06% -
 
Equity Investment Instruments - - - 5.06%
 
Investment Banking & Brokerage Services - - 2.45% -
 
Asset Managers & Custodians - - - 2.10%
 
Investment Services - - - 0.32%
 
Diversified Financial Services - - - 0.03%
 
Finance & Credit Services - - 1.37% -
 
Financial Data & Systems - - - 1.18%
 
Consumer Lending - - - 0.11%
 
Mortgage Finance - - - 0.08%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Banks - 8.51% - -
 
Banks - - 8.51% -
 
Banks - - - 8.51%
 
Insurance - 2.88% - -
 
Life Insurance - - 2.04% -
 
Life Insurance - - - 2.04%
 
Non-life Insurance - - 0.84% -
 
Property & Casualty Insurance - - - 0.70%
 
Full Line Insurance - - - 0.14%
 
Reinsurance - - - 0.00%
 
Consumer Staples 15.32% - - -
 
Food, Beverage & Tobacco - 8.33% - -
 
Tobacco - - 4.16% -
 
Tobacco - - - 4.16%
 
Beverages - - 3.73% -
 
Distillers & Vintners - - - 3.46%
 
Soft Drinks - - - 0.27%
 
Brewers - - - 0.00%
 
Food Producers - - 0.44% -
 
Food Products - - - 0.44%
 
Personal Care, Drug & Grocery Stores - 6.99% - -
 
Personal Care, Drug & Grocery Stores - - 6.99% -
 
Personal Products - - - 4.10%
 
Nondurable Household Products - - - 1.67%
 
Food Retailers & Wholesalers - - - 1.22%
 
Drug Retailers - - - 0.00%
 
Non-Classified 12.26% - - -
 
Non-Classified - 0.00% - -
 
Non-Classified - - 0.00% -
 
Non-Classified - - - 0.00%
 
Industrials 10.52% - - -
 
Industrial Goods & Services - 9.20% - -
 
Industrial Support Services - - 3.09% -
 
Professional Business Support Services - - - 2.04%
 
Industrial Suppliers - - - 0.74%
 
Business Training & Employment Agencies - - - 0.22%
 
Transaction Processing Services - - - 0.07%
 
Forms & Bulk Printing Services - - - 0.01%
 
Aerospace & Defence - - 2.07% -
 
Defense - - - 1.48%
 
Aerospace - - - 0.59%
 
General Industrials - - 1.73% -
 
Diversified Industrials - - - 0.95%
 
Containers & Packaging - - - 0.78%
 
Paints & Coatings - - - 0.00%
 
Industrial Transportation - - 0.90% -
 
Commercial Vehicle-Equipment Leasing - - - 0.68%
 
Delivery Services - - - 0.10%
 
Transportation Services - - - 0.07%
 
Marine Transportation - - - 0.04%
 
Railroads - - - 0.00%
 
Commercial Vehicles & Parts - - - 0.00%
 
Electronic & Electrical Equipment - - 0.87% -
 
Electronic Equipment: Gauges & Meters - - - 0.43%
 
Electronic Equipment: Control & Filter - - - 0.24%
 
Electrical Components - - - 0.21%
 
Industrial Engineering - - 0.54% -
 
Machinery: Industrial - - - 0.34%
 
Machinery: Construction & Handling - - - 0.16%
 
Machinery: Specialty - - - 0.03%
 
Machinery: Agricultural - - - 0.00%
 
Construction & Materials - 1.32% - -
 
Construction & Materials - - 1.32% -
 
Cement - - - 0.97%
 
Construction - - - 0.13%
 
Building Materials: Other - - - 0.12%
 
Engineering & Contracting Services - - - 0.06%
 
Building, Roofing/Wallboard & Plumbing - - - 0.04%
 
Consumer Discretionary 10.13% - - -
 
Consumer Products & Services - 3.02% - -
 
Consumer Services - - 1.29% -
 
Vending & Catering Service - - - 1.28%
 
Funeral Parlors & Cemetery - - - 0.01%
 
Consumer Services: Misc. - - - 0.00%
 
Education Services - - - 0.00%
 
Household Goods & Home Construction - - 1.18% -
 
Home Construction - - - 1.16%
 
Household Furnishings - - - 0.02%
 
Household Appliance - - - 0.00%
 
Personal Goods - - 0.43% -
 
Clothing & Accessories - - - 0.29%
 
Luxury Items - - - 0.08%
 
Footwear - - - 0.06%
 
Cosmetics - - - 0.00%
 
Leisure Goods - - 0.12% -
 
Toys - - - 0.10%
 
Photography - - - 0.02%
 
Electronic Entertainment - - - 0.00%
 
Consumer Electronics - - - 0.00%
 
Media - 3.01% - -
 
Media - - 3.01% -
 
Publishing - - - 2.05%
 
Media Agencies - - - 0.85%
 
Radio & TV Broadcasters - - - 0.10%
 
Entertainment - - - 0.00%
 
Travel & Leisure - 2.55% - -
 
Travel & Leisure - - 2.55% -
 
Casinos & Gambling - - - 1.05%
 
Hotels & Motels - - - 0.55%
 
Airlines - - - 0.37%
 
Travel & Tourism - - - 0.30%
 
Restaurants & Bars - - - 0.24%
 
Recreational Services - - - 0.03%
 
Retail - 1.52% - -
 
Retailers - - 1.52% -
 
Diversified Retailers - - - 0.59%
 
Home Improvement Retailers - - - 0.46%
 
Specialty Retailers - - - 0.26%
 
Apparel Retailers - - - 0.21%
 
Automobiles & Parts - 0.03% - -
 
Automobiles & Parts - - 0.03% -
 
Auto Parts - - - 0.02%
 
Automobiles - - - 0.01%
 
Health Care 8.36% - - -
 
Health Care - 8.36% - -
 
Pharmaceuticals & Biotechnology - - 7.64% -
 
Pharmaceuticals - - - 7.54%
 
Biotechnology - - - 0.11%
 
Medical Equipment & Services - - 0.59% -
 
Medical Equipment - - - 0.42%
 
Medical Supplies - - - 0.18%
 
Medical Services - - - 0.00%
 
Health Care Providers - - 0.12% -
 
Health Care Facilities - - - 0.12%
 
Health Care Services - - - 0.01%
 
Basic Materials 7.07% - - -
 
Basic Resources - 6.35% - -
 
Industrial Metals & Mining - - 6.09% -
 
General Mining - - - 5.09%
 
Copper - - - 0.62%
 
Iron & Steel - - - 0.26%
 
Metal Fabricating - - - 0.11%
 
Precious Metals & Mining - - 0.26% -
 
Gold Mining - - - 0.24%
 
Platinum & Precious Metals - - - 0.02%
 
Industrial Materials - - 0.01% -
 
Diversified Materials - - - 0.01%
 
Paper - - - 0.00%
 
Chemicals - 0.71% - -
 
Chemicals - - 0.71% -
 
Chemicals: Diversified - - - 0.61%
 
Specialty Chemicals - - - 0.10%
 
Energy 3.54% - - -
 
Energy - 3.54% - -
 
Non-Renewable Energy - - 3.54% -
 
Integrated Oil & Gas - - - 3.20%
 
Oil: Crude Producers - - - 0.25%
 
Oil Equipment & Services - - - 0.09%
 
Oil Refining and Marketing - - - 0.00%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.00% -
 
Renewable Energy Equipment - - - 0.00%
 
Utilities 3.43% - - -
 
Utilities - 3.43% - -
 
Gas, Water & Multi-utilities - - 2.56% -
 
Multi-Utilities - - - 1.85%
 
Water - - - 0.71%
 
Electricity - - 0.85% -
 
Conventional Electricity - - - 0.85%
 
Alternative Electricity - - - 0.00%
 
Waste & Disposal Services - - 0.03% -
 
Waste & Disposal Services - - - 0.03%
 
Real Estate 2.84% - - -
 
Real Estate - 2.84% - -
 
Real Estate Investment Trusts - - 2.36% -
 
Diversified REITs - - - 0.64%
 
Industrial REITs - - - 0.52%
 
Office REITs - - - 0.27%
 
Residential REITs - - - 0.25%
 
Storage REITs - - - 0.21%
 
Health Care REITs - - - 0.19%
 
Other Specialty REITs - - - 0.15%
 
Retail REITs - - - 0.13%
 
Infrastructure REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.47% -
 
Real Estate Services - - - 0.29%
 
Real Estate Holding and Development - - - 0.19%
 
Cash and Equivalents 2.50% - - -
 
Telecommunications 2.34% - - -
 
Telecommunications - 2.34% - -
 
Telecommunications Service Providers - - 2.26% -
 
Telecommunications Services - - - 2.26%
 
Telecommunications Equipment - - 0.08% -
 
Telecommunications Equipment - - - 0.08%
 
Technology 1.32% - - -
 
Technology - 1.32% - -
 
Software & Computer Services - - 1.26% -
 
Software - - - 0.68%
 
Consumer Digital Services - - - 0.37%
 
Computer Services - - - 0.21%
 
Technology Hardware & Equipment - - 0.06% -
 
Computer Hardware - - - 0.03%
 
Electronic Components - - - 0.02%
 
Semiconductors - - - 0.00%
 
Production Technology Equipment - - - 0.00%
 
Electronic Office Equipment - - - 0.00%
 
Bonds 0.08% - - -
 
Alternative Trading Strategies 0.06% - - -
 
Alternative Trading Strategies - 0.06% - -
 
Alternative Trading Strategies - - 0.06% -
 
Alternative Trading Strategies - - - 0.06%

Regional Allocation

pie chart
  UK 79.25%
  Non-Classified 13.47%
  Developed Europe - Excl UK 2.84%
  Cash and Equivalents 2.50%
  Property 1.77%
  Middle East & Africa 0.09%
  Developed Asia 0.03%
  North America 0.03%
  Emerging Asia 0.02%
  Other Regions 0.02%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 97.43%
  Cash 2.50%
  Pound Sterling 0.08%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 79.25% -
 
United Kingdom - 79.26%
 
Jersey - 0.00%
 
Non-Classified 13.47% -
 
Developed Europe - Excl UK 2.84% -
 
Ireland - 2.23%
 
Spain - 0.17%
 
Switzerland - 0.16%
 
Luxembourg - 0.15%
 
Germany - 0.07%
 
Netherlands - 0.04%
 
France - 0.01%
 
Italy - 0.00%
 
Austria - 0.00%
 
Denmark - 0.00%
 
Finland - 0.00%
 
Sweden - 0.00%
 
Portugal - 0.00%
 
Norway - 0.00%
 
Cash and Equivalents 2.50% -
 
Property 1.77% -
 
Middle East & Africa 0.09% -
 
Israel - 0.09%
 
Cote D'Ivoire - 0.00%
 
Developed Asia 0.03% -
 
Singapore - 0.02%
 
Hong Kong - 0.01%
 
North America 0.03% -
 
United States - 0.03%
 
Canada - 0.00%
 
Emerging Asia 0.02% -
 
Taiwan - 0.01%
 
China - 0.01%
 
South Korea - 0.01%
 
Indonesia - 0.00%
 
India - 0.00%
 
Thailand - 0.00%
 
Australia & New Zealand 0.01% -
 
Australia - 0.01%
 
New Zealand - 0.00%
 
Japan 0.01% -
 
Japan - 0.01%

Breakdown By Market Cap (%)

Mega
 
 
50.96%
Large
 
 
17.31%
Medium
 
 
13.92%
Small
 
 
5.00%
Micro
 
 
0.49%
Non-Classified
 
 
9.75%
Bonds
 
 
0.08%
Cash
 
 
2.50%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 7.16% Pharmaceuticals & Biotechnology United Kingdom
2 SHELL 6.86% Non-Renewable Energy Non-Classified
3 HSBC HLDGS 4.63% Banks United Kingdom
4 UNILEVER 4.07% Personal Care, Drug & Grocery Stores United Kingdom
5 GLAXOSMITHKLINE 3.78% Pharmaceuticals & Biotechnology United Kingdom
6 BRITISH AMERICAN TOBACCO 3.43% Tobacco United Kingdom
7 DIAGEO 3.42% Beverages United Kingdom
8 BP 3.19% Non-Renewable Energy United Kingdom
9 RIO TINTO 2.91% Industrial Metals & Mining United Kingdom
10 ANGLO AMERICAN 2.17% Industrial Metals & Mining United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.30% 0.02% - - - - - - 1.32%
Telecommunications 2.33% 0.01% - - - - - - 2.34%
Financials 15.09% 0.15% - - - - 5.59% - 20.83%
Real Estate 1.10% - - - - 1.73% - - 2.84%
Consumer Discretionary 9.11% 1.02% - - - - - - 10.13%
Consumer Staples 15.09% 0.23% - - - - 0.13% - 15.45%
Energy 3.53% - - - - - 6.86% - 10.40%
Utilities 3.43% - - - - - - - 3.43%
Health Care 8.35% 0.01% - - - - - - 8.36%
Industrials 8.94% 1.58% - - - - - - 10.52%
Basic Materials 7.03% 0.04% - - - - - - 7.07%
Cash and Equivalents - - - - - - - 2.50% 2.50%
Bonds - - - 0.08% - - - - 0.08%
Non-Classified 3.86% 0.70% - - - 0.14% 0.06% - 4.75%

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 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.

Identification Codes

Sedol Code 3169458
Mex Code PUKP
Isin Code GB0031694580
Citi Code P287

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 UK Equity Passive Fund – the underlying fund. Underlying fund objective: The fund invests in the shares of UK companies. The fund is passively managed against its benchmark, the FTSE All-Share Index. The fund tracks the index by holding all of the companies which make up the FTSE 100 Index, together with a representative sample of the remainder of the companies in the All-Share Index. Performance Objective: To match the performance of the benchmark as closely as possible.
Benchmark FTSE All-Share Index
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 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.

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

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 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

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 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.