Prudential UK Equity 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

31/03/19
to
31/03/20
31/03/20
to
31/03/21
31/03/21
to
31/03/22
31/03/22
to
31/03/23
31/03/23
to
31/03/24
Fund -18.3% 26.6% 12.4% 2.8% 8.5%
Benchmark -18.5% 26.7% 13.0% 2.9% 8.4%

Performance - to latest available quarter end

Quarter Annualised
1
2024
3 Years to
31/03/24
5 Years to
31/03/24
10 Years to
31/03/24
Fund 3.5% 7.8% 5.3% 5.7%
Benchmark 3.6% 8.0% 5.4% 5.8%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 8.30
SHELL 6.85
HSBC HOLDINGS 6.25
UNILEVER 4.09
BP 3.84
DIAGEO 3.60
RELX 3.38
LONDON STOCK EXCHANGE GROUP 2.47
ANGLO AMERICAN 2.31
RECKITT BENCKISER GROUP 2.26
Total 43.34

Fund Aims

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

Underlying fund objective: The fund gains its exposure via the M&G (ACS) BlackRock UK All Share Equity fund. The underlying fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE All Share Index.

Within the index-related limits, the Investment Manager uses a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as the Index in order to meet the fund's investment objective. In addition 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.

Performance Objective: The fund aims to provide a total return (i.e. capital growth plus income), gross of the Ongoing Charges Figure, over any three year period.

Fund Manager

Nigel Booth manager of the underlying fund for 20 years and 9 months

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 (23/05/2024) 388.30
Fund size (30/04/2024) £55.86m
Underlying Fund size £97.72m
Number of holdings 462
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 90.57%
  Investment Trusts 2.50%
  International Equities 2.36%
  Property 1.72%
  Cash and Equivalents 1.12%
  Alternative Trading Strategies 0.01%
  Other Assets 1.73%

Commentary

Performance as at Q1 2024 - The UK stockmarket made a positive start to the year as share prices extended their recent advance. However, the UK continued to lag other regions and the global market index in the first quarter, as investor confidence was hurt by the lacklustre economic outlook. The UK entered a technical recession last year, after posting two consecutive quarters of negative economic growth. Sentiment improved towards the end of the quarter when the Bank of England indicated that progress in bringing inflation down towards the 2% target increased the possibility of interest rate cuts ahead. From a sector perspective, industrials led the way, while financials and healthcare also outperformed the broader market. In contrast, materials was the weakest sector. Real estate and utilities were notable laggards too. Meanwhile, large-cap stocks in the FTSE 100 Index outperformed smaller companies

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 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your 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 90.57%
  Investment Trusts 2.50%
  International Equities 2.36%
  Property 1.72%
  Cash and Equivalents 1.12%
  Alternative Trading Strategies 0.01%
  Other Assets 1.73%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 21.94% - - -
 
Banks - 10.36% - -
 
Banks - - 10.36% -
 
Banks - - - 10.36%
 
Financial Services - 9.05% - -
 
Investment Banking & Brokerage Services - - 3.91% -
 
Asset Managers & Custodians - - - 3.55%
 
Investment Services - - - 0.36%
 
Diversified Financial Services - - - 0.00%
 
Finance & Credit Services - - 2.62% -
 
Financial Data & Systems - - - 2.47%
 
Consumer Lending - - - 0.15%
 
Equity Investment Instruments - - 2.52% -
 
Equity Investment Instruments - - - 2.52%
 
Insurance - 2.53% - -
 
Life Insurance - - 2.40% -
 
Life Insurance - - - 2.40%
 
Non-life Insurance - - 0.13% -
 
Property & Casualty Insurance - - - 0.11%
 
Full Line Insurance - - - 0.02%
 
Consumer Staples 14.52% - - -
 
Personal Care, Drug & Grocery Stores - 8.14% - -
 
Personal Care, Drug & Grocery Stores - - 8.14% -
 
Personal Products - - - 4.09%
 
Nondurable Household Products - - - 2.26%
 
Food Retailers & Wholesalers - - - 1.79%
 
Food, Beverage & Tobacco - 6.38% - -
 
Beverages - - 4.87% -
 
Distillers & Vintners - - - 3.74%
 
Soft Drinks - - - 1.13%
 
Food Producers - - 1.51% -
 
Food Products - - - 1.50%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Consumer Discretionary 11.87% - - -
 
Media - 5.08% - -
 
Media - - 5.08% -
 
Publishing - - - 4.07%
 
Media Agencies - - - 0.91%
 
Radio & TV Broadcasters - - - 0.10%
 
Entertainment - - - 0.00%
 
Consumer Products & Services - 3.62% - -
 
Consumer Services - - 2.14% -
 
Vending & Catering Service - - - 2.11%
 
Consumer Services: Misc. - - - 0.03%
 
Household Goods & Home Construction - - 1.26% -
 
Home Construction - - - 1.25%
 
Household Furnishings - - - 0.01%
 
Personal Goods - - 0.22% -
 
Clothing & Accessories - - - 0.21%
 
Luxury Items - - - 0.01%
 
Leisure Goods - - 0.00% -
 
Electronic Entertainment - - - 0.00%
 
Travel & Leisure - 1.86% - -
 
Travel & Leisure - - 1.86% -
 
Hotels & Motels - - - 1.19%
 
Restaurants & Bars - - - 0.28%
 
Travel & Tourism - - - 0.25%
 
Airlines - - - 0.11%
 
Recreational Services - - - 0.03%
 
Retail - 1.21% - -
 
Retailers - - 1.21% -
 
Diversified Retailers - - - 0.54%
 
Home Improvement Retailers - - - 0.51%
 
Specialty Retailers - - - 0.14%
 
Apparel Retailers - - - 0.01%
 
Automobiles & Parts - 0.10% - -
 
Automobiles & Parts - - 0.10% -
 
Auto Parts - - - 0.07%
 
Automobiles - - - 0.03%
 
Industrials 11.61% - - -
 
Industrial Goods & Services - 11.17% - -
 
Aerospace & Defence - - 4.34% -
 
Defense - - - 2.45%
 
Aerospace - - - 1.89%
 
Industrial Support Services - - 2.38% -
 
Professional Business Support Services - - - 1.90%
 
Industrial Suppliers - - - 0.31%
 
Transaction Processing Services - - - 0.10%
 
Business Training & Employment Agencies - - - 0.04%
 
Security Services - - - 0.03%
 
General Industrials - - 1.66% -
 
Containers & Packaging - - - 1.30%
 
Diversified Industrials - - - 0.36%
 
Industrial Transportation - - 1.19% -
 
Commercial Vehicle-Equipment Leasing - - - 0.97%
 
Transportation Services - - - 0.18%
 
Delivery Services - - - 0.04%
 
Industrial Engineering - - 0.81% -
 
Machinery: Industrial - - - 0.47%
 
Machinery: Construction & Handling - - - 0.29%
 
Machinery: Specialty - - - 0.05%
 
Electronic & Electrical Equipment - - 0.79% -
 
Electronic Equipment: Gauges & Meters - - - 0.37%
 
Electrical Components - - - 0.33%
 
Electronic Equipment: Control & Filter - - - 0.09%
 
Construction & Materials - 0.44% - -
 
Construction & Materials - - 0.44% -
 
Construction - - - 0.32%
 
Building Materials: Other - - - 0.07%
 
Engineering & Contracting Services - - - 0.05%
 
Energy 11.08% - - -
 
Energy - 11.08% - -
 
Non-Renewable Energy - - 11.08% -
 
Integrated Oil & Gas - - - 10.69%
 
Oil: Crude Producers - - - 0.28%
 
Oil Equipment & Services - - - 0.11%
 
Health Care 10.94% - - -
 
Health Care - 10.94% - -
 
Pharmaceuticals & Biotechnology - - 10.56% -
 
Pharmaceuticals - - - 10.54%
 
Biotechnology - - - 0.03%
 
Medical Equipment & Services - - 0.37% -
 
Medical Supplies - - - 0.23%
 
Medical Equipment - - - 0.14%
 
Basic Materials 6.76% - - -
 
Basic Resources - 5.97% - -
 
Industrial Metals & Mining - - 5.56% -
 
General Mining - - - 4.37%
 
Copper - - - 0.79%
 
Metal Fabricating - - - 0.31%
 
Iron & Steel - - - 0.09%
 
Precious Metals & Mining - - 0.40% -
 
Gold Mining - - - 0.34%
 
Platinum & Precious Metals - - - 0.06%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.01% -
 
Diversified Materials - - - 0.01%
 
Chemicals - 0.79% - -
 
Chemicals - - 0.79% -
 
Chemicals: Diversified - - - 0.76%
 
Specialty Chemicals - - - 0.03%
 
Utilities 3.09% - - -
 
Utilities - 3.09% - -
 
Gas, Water & Multi-utilities - - 2.41% -
 
Multi-Utilities - - - 1.74%
 
Water - - - 0.67%
 
Electricity - - 0.67% -
 
Conventional Electricity - - - 0.67%
 
Waste & Disposal Services - - 0.01% -
 
Waste & Disposal Services - - - 0.01%
 
Non-Classified 2.34% - - -
 
Real Estate 2.04% - - -
 
Real Estate - 2.04% - -
 
Real Estate Investment Trusts - - 1.90% -
 
Industrial REITs - - - 0.64%
 
Diversified REITs - - - 0.50%
 
Storage REITs - - - 0.23%
 
Residential REITs - - - 0.18%
 
Other Specialty REITs - - - 0.13%
 
Office REITs - - - 0.12%
 
Health Care REITs - - - 0.06%
 
Retail REITs - - - 0.04%
 
Real Estate Investment & Services - - 0.14% -
 
Real Estate Services - - - 0.09%
 
Real Estate Holding and Development - - - 0.05%
 
Technology 1.58% - - -
 
Technology - 1.58% - -
 
Software & Computer Services - - 1.51% -
 
Software - - - 0.90%
 
Consumer Digital Services - - - 0.43%
 
Computer Services - - - 0.18%
 
Technology Hardware & Equipment - - 0.08% -
 
Electronic Components - - - 0.03%
 
Production Technology Equipment - - - 0.03%
 
Semiconductors - - - 0.02%
 
Cash and Equivalents 1.12% - - -
 
Telecommunications 1.11% - - -
 
Telecommunications - 1.11% - -
 
Telecommunications Service Providers - - 1.05% -
 
Telecommunications Services - - - 1.05%
 
Telecommunications Equipment - - 0.06% -
 
Telecommunications Equipment - - - 0.06%
 
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 90.68%
  Non-Classified 4.57%
  Developed Europe - Excl UK 1.79%
  Property 1.51%
  Cash and Equivalents 1.12%
  Middle East & Africa 0.16%
  North America 0.15%
  Developed Asia 0.01%
  South & Central America 0.01%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.82%
  Cash 1.10%
  Pound Sterling 0.08%
  US Dollar 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 90.68% -
 
United Kingdom - 90.78%
 
Non-Classified 4.57% -
 
Developed Europe - Excl UK 1.79% -
 
Ireland - 1.11%
 
Switzerland - 0.42%
 
Germany - 0.20%
 
Netherlands - 0.04%
 
Luxembourg - 0.01%
 
France - 0.01%
 
Sweden - 0.00%
 
Property 1.51% -
 
Cash and Equivalents 1.12% -
 
Middle East & Africa 0.16% -
 
Israel - 0.16%
 
North America 0.15% -
 
United States - 0.15%
 
Canada - 0.01%
 
Developed Asia 0.01% -
 
Hong Kong - 0.01%
 
South & Central America 0.01% -
 
Cayman Islands - 0.01%

Breakdown By Market Cap (%)

Mega
 
 
53.37%
Large
 
 
16.92%
Medium
 
 
11.56%
Small
 
 
3.98%
Micro
 
 
0.52%
Non-Classified
 
 
12.52%
Cash
 
 
1.12%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 8.30% Pharmaceuticals & Biotechnology United Kingdom
2 SHELL 6.85% Non-Renewable Energy United Kingdom
3 HSBC HOLDINGS 6.25% Banks United Kingdom
4 UNILEVER 4.09% Personal Care, Drug & Grocery Stores United Kingdom
5 BP 3.84% Non-Renewable Energy United Kingdom
6 DIAGEO 3.60% Beverages United Kingdom
7 RELX 3.38% Media United Kingdom
8 LONDON STOCK EXCHANGE GROUP 2.47% Finance & Credit Services United Kingdom
9 ANGLO AMERICAN 2.31% Industrial Metals & Mining United Kingdom
10 RECKITT BENCKISER GROUP 2.26% Personal Care, Drug & Grocery Stores United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.48% 0.11% - - - - - - 1.58%
Telecommunications 1.11% - - - - - - - 1.11%
Financials 19.25% 0.18% - - - - 2.50% - 21.94%
Real Estate 0.62% - - - - 1.42% - - 2.04%
Consumer Discretionary 11.59% 0.28% - - - - - - 11.87%
Consumer Staples 13.75% 0.77% - - - - - - 14.52%
Energy 11.08% - - - - - - - 11.08%
Utilities 3.09% - - - - - - - 3.09%
Health Care 10.91% 0.03% - - - - - - 10.94%
Industrials 10.92% 0.69% - - - - - - 11.61%
Basic Materials 6.68% 0.08% - - - - - - 6.76%
Cash and Equivalents - - - - - - - 1.12% 1.12%
Non-Classified 0.10% 0.21% - - - 0.30% 1.74% - 2.35%

Important Information

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

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is 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 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 Index Fund - the underlying fund. Underlying fund objective: The fund gains its exposure via the M&G (ACS) BlackRock UK All Share Equity fund. The underlying fund aims to be fully invested in the equity securities and equity related securities of companies that are constituents of the FTSE All Share Index. Within the index-related limits, the Investment Manager uses a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as the Index in order to meet the fund's investment objective. In addition 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. Performance Objective: The fund aims to provide a total return (i.e. capital growth plus income), gross of the Ongoing Charges Figure, over any three year period.
Benchmark FTSE All-Share Index
Sector ABI UK All Companies

Important Information

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

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is 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 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your 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.