Prudential Dynamic Growth V 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 -12.0% 32.6% 4.4% -0.4% 9.6%
Benchmark -7.9% 25.5% 5.6% -0.1% 11.4%

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 3.6% 4.5% 5.9% n/a
Benchmark 4.2% 5.5% 6.3% n/a

Top 10 Holdings

Stock % Weight
SHELL 1.54
ASTRAZENECA 1.49
HSBC HOLDINGS 1.12
SAMSUNG ELECTRONICS CO. LTD 1.10
UNILEVER 0.90
MICROSOFT CORPORATION 0.80
BP 0.76
APPLE 0.64
DIAGEO 0.62
RELX 0.61
Total 9.58

Fund Aims

The fund aims to deliver long term growth through investing in a diversified range of assets both in the UK and globally. At any time, the fund will invest at least 60% of its assets in equities but may invest up to 100%. Investments are managed across asset classes and across world markets with a focus on long run investment potential as forecast on a rolling 10 years basis. The fund may invest in a range of permitted assets which include equities, bonds, property and cash accessed directly or indirectly via appropriate fund vehicles. The fund may include other assets as deemed appropriate by both the manager and current regulations.

Fund Manager

M&G manager for 9 years and 3 months

Photo of M&G .

BlackRock manager for 9 years and 3 months

Photo of BlackRock .

M&G Treasury & Investment Office manager for 9 years and 3 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 (22/05/2024) 185.70
Fund size (30/04/2024) £9.92m
Number of holdings 10971
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 27/02/2015

Asset Allocation

pie chart
  International Equities 43.53%
  UK Equities 19.91%
  Cash and Equivalents 12.37%
  International Bonds 11.17%
  UK Corporate Bonds 3.61%
  Property 3.42%
  UK Gilts 1.52%
  Investment Trusts 1.13%
  Money Market 0.08%
  Other Assets 3.25%

Commentary

Performance as at Q1 2024 - Equities continued to rally in the first quarter of this year, even after the tightening campaign waged by most developed markets, as economic growth - especially in the US - still seemed to be in-tact. Due to the momentum behind economic growth, fixed income had a tougher time, leading to inflation staying stickier than investors had forecast at the end of 2023. Consequently, yields on sovereign bonds gave back some of their gains seen in the final quarter of 2023, rising 0.4% to 4.4% on the US ten year treasury bond. As a result, Prudential Dynamic Growth (PPDG) funds with a higher allocation to equities performed better than those with a larger weight to fixed income, even though all PPDG funds had positive absolute returns this quarter. UK and European credit just managed to return positively, whilst US and Asian credit underperformed. Global high yield and Emerging market debt were the stronger performers in credit space. Property detracted from performance due to the higher yields seen, however alternatives particularly private equity, added to net returns to the portfolio. As mentioned, equities provided the largest positive contribution to the funds, with the US and Japan being the largest outperformers on a relative basis. Tactical positioning added to portfolio returns due to our diversified overweight to equity funded from fixed income and cash. However, during the first quarter we took the opportunity to reduce the equity overweight and fixed income underweight due to geopolitical risk and potential defensive qualities of fixed income in risk related scenarios.

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 43.53%
  UK Equities 19.91%
  Cash and Equivalents 12.37%
  International Bonds 11.17%
  UK Corporate Bonds 3.61%
  Property 3.42%
  UK Gilts 1.52%
  Investment Trusts 1.13%
  Money Market 0.08%
  Other Assets 3.25%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 16.30% - - -
 
Financials 12.65% - - -
 
Banks - 5.99% - -
 
Banks - - 5.99% -
 
Banks - - - 5.99%
 
Financial Services - 4.38% - -
 
Investment Banking & Brokerage Services - - 2.62% -
 
Asset Managers & Custodians - - - 1.44%
 
Investment Services - - - 0.78%
 
Diversified Financial Services - - - 0.40%
 
Equity Investment Instruments - - 1.14% -
 
Equity Investment Instruments - - - 1.14%
 
Finance & Credit Services - - 0.60% -
 
Financial Data & Systems - - - 0.52%
 
Consumer Lending - - - 0.08%
 
Mortgage Finance - - - 0.01%
 
Mortgage Real Estate Investment Trusts - - 0.00% -
 
Mortgage REITs: Residential - - - 0.00%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Insurance - 2.29% - -
 
Non-life Insurance - - 1.23% -
 
Property & Casualty Insurance - - - 0.52%
 
Full Line Insurance - - - 0.48%
 
Reinsurance - - - 0.14%
 
Insurance Brokers - - - 0.08%
 
Life Insurance - - 1.05% -
 
Life Insurance - - - 1.05%
 
Cash and Equivalents 12.45% - - -
 
Industrials 9.12% - - -
 
Industrial Goods & Services - 8.21% - -
 
Industrial Transportation - - 1.92% -
 
Railroads - - - 0.86%
 
Transportation Services - - - 0.38%
 
Commercial Vehicle-Equipment Leasing - - - 0.25%
 
Marine Transportation - - - 0.16%
 
Delivery Services - - - 0.13%
 
Commercial Vehicles & Parts - - - 0.10%
 
Trucking - - - 0.02%
 
Railroad Equipment - - - 0.01%
 
Industrial Support Services - - 1.65% -
 
Professional Business Support Services - - - 0.70%
 
Transaction Processing Services - - - 0.46%
 
Industrial Suppliers - - - 0.29%
 
Business Training & Employment Agencies - - - 0.13%
 
Security Services - - - 0.05%
 
Forms & Bulk Printing Services - - - 0.01%
 
Aerospace & Defence - - 1.39% -
 
Aerospace - - - 0.81%
 
Defense - - - 0.57%
 
General Industrials - - 1.33% -
 
Diversified Industrials - - - 0.90%
 
Containers & Packaging - - - 0.33%
 
Paints & Coatings - - - 0.05%
 
Plastics - - - 0.02%
 
Glass - - - 0.02%
 
Electronic & Electrical Equipment - - 1.10% -
 
Electrical Components - - - 0.67%
 
Electronic Equipment: Gauges & Meters - - - 0.25%
 
Electronic Equipment: Control & Filter - - - 0.13%
 
Electronic Equipment: Pollution Control - - - 0.03%
 
Electronic Equipment: Other - - - 0.02%
 
Industrial Engineering - - 0.84% -
 
Machinery: Industrial - - - 0.34%
 
Machinery: Construction & Handling - - - 0.27%
 
Machinery: Tools - - - 0.12%
 
Machinery: Agricultural - - - 0.05%
 
Machinery: Engines - - - 0.04%
 
Machinery: Specialty - - - 0.02%
 
Construction & Materials - 0.91% - -
 
Construction & Materials - - 0.91% -
 
Construction - - - 0.29%
 
Building Materials: Other - - - 0.29%
 
Cement - - - 0.11%
 
Building: Climate Control - - - 0.10%
 
Engineering & Contracting Services - - - 0.08%
 
Building, Roofing/Wallboard & Plumbing - - - 0.03%
 
Consumer Discretionary 7.98% - - -
 
Consumer Products & Services - 2.22% - -
 
Personal Goods - - 0.88% -
 
Clothing & Accessories - - - 0.49%
 
Cosmetics - - - 0.16%
 
Luxury Items - - - 0.13%
 
Footwear - - - 0.09%
 
Consumer Services - - 0.52% -
 
Vending & Catering Service - - - 0.38%
 
Consumer Services: Misc. - - - 0.10%
 
Education Services - - - 0.02%
 
Rental & Leasing Services: Consumer - - - 0.01%
 
Household Goods & Home Construction - - 0.43% -
 
Home Construction - - - 0.34%
 
Household Appliance - - - 0.06%
 
Household Equipment & Products - - - 0.03%
 
Household Furnishings - - - 0.01%
 
Leisure Goods - - 0.39% -
 
Electronic Entertainment - - - 0.17%
 
Consumer Electronics - - - 0.14%
 
Toys - - - 0.04%
 
Recreational Vehicles & Boats - - - 0.02%
 
Recreational Products - - - 0.02%
 
Photography - - - 0.01%
 
Retail - 1.74% - -
 
Retailers - - 1.74% -
 
Diversified Retailers - - - 1.11%
 
Apparel Retailers - - - 0.24%
 
Home Improvement Retailers - - - 0.24%
 
Specialty Retailers - - - 0.14%
 
Automobiles & Parts - 1.42% - -
 
Automobiles & Parts - - 1.42% -
 
Automobiles - - - 1.13%
 
Auto Parts - - - 0.21%
 
Tires - - - 0.08%
 
Auto Services - - - 0.01%
 
Travel & Leisure - 1.35% - -
 
Travel & Leisure - - 1.35% -
 
Casinos & Gambling - - - 0.49%
 
Hotels & Motels - - - 0.25%
 
Restaurants & Bars - - - 0.21%
 
Airlines - - - 0.18%
 
Travel & Tourism - - - 0.16%
 
Recreational Services - - - 0.05%
 
Media - 1.24% - -
 
Media - - 1.24% -
 
Publishing - - - 0.74%
 
Media Agencies - - - 0.27%
 
Entertainment - - - 0.15%
 
Radio & TV Broadcasters - - - 0.08%
 
Technology 7.62% - - -
 
Technology - 7.62% - -
 
Technology Hardware & Equipment - - 3.94% -
 
Semiconductors - - - 1.95%
 
Production Technology Equipment - - - 0.84%
 
Computer Hardware - - - 0.83%
 
Electronic Components - - - 0.26%
 
Electronic Office Equipment - - - 0.07%
 
Software & Computer Services - - 3.67% -
 
Software - - - 1.84%
 
Consumer Digital Services - - - 1.38%
 
Computer Services - - - 0.45%
 
Health Care 6.49% - - -
 
Health Care - 6.49% - -
 
Pharmaceuticals & Biotechnology - - 5.04% -
 
Pharmaceuticals - - - 4.66%
 
Biotechnology - - - 0.38%
 
Medical Equipment & Services - - 1.12% -
 
Medical Equipment - - - 0.69%
 
Medical Supplies - - - 0.38%
 
Medical Services - - - 0.05%
 
Health Care Providers - - 0.33% -
 
Health Care Management Services - - - 0.20%
 
Health Care Facilities - - - 0.08%
 
Health Care Services - - - 0.05%
 
Non-Classified 6.27% - - -
 
Non-Classified - 3.48% - -
 
Non-Classified - - 3.48% -
 
Non-Classified - - - 3.48%
 
Consumer Staples 4.97% - - -
 
Food, Beverage & Tobacco - 2.73% - -
 
Beverages - - 1.22% -
 
Distillers & Vintners - - - 0.71%
 
Soft Drinks - - - 0.31%
 
Brewers - - - 0.20%
 
Food Producers - - 0.90% -
 
Food Products - - - 0.84%
 
Fruit & Grain Processing - - - 0.04%
 
Farming, Fishing, Ranching & Plantations - - - 0.03%
 
Tobacco - - 0.61% -
 
Tobacco - - - 0.61%
 
Personal Care, Drug & Grocery Stores - 2.24% - -
 
Personal Care, Drug & Grocery Stores - - 2.24% -
 
Personal Products - - - 1.14%
 
Food Retailers & Wholesalers - - - 0.68%
 
Nondurable Household Products - - - 0.34%
 
Drug Retailers - - - 0.09%
 
Energy 4.27% - - -
 
Energy - 4.27% - -
 
Non-Renewable Energy - - 4.20% -
 
Integrated Oil & Gas - - - 2.82%
 
Pipelines - - - 0.57%
 
Oil: Crude Producers - - - 0.39%
 
Oil Refining and Marketing - - - 0.27%
 
Oil Equipment & Services - - - 0.07%
 
Coal - - - 0.06%
 
Offshore Drilling & Other Services - - - 0.01%
 
Renewable Energy - - 0.07% -
 
Renewable Energy Equipment - - - 0.07%
 
Alternative Fuels - - - 0.00%
 
Real Estate 3.68% - - -
 
Real Estate - 3.68% - -
 
Real Estate Investment Trusts - - 3.06% -
 
Diversified REITs - - - 0.89%
 
Industrial REITs - - - 0.58%
 
Residential REITs - - - 0.28%
 
Retail REITs - - - 0.27%
 
Office REITs - - - 0.24%
 
Infrastructure REITs - - - 0.24%
 
Other Specialty REITs - - - 0.18%
 
Storage REITs - - - 0.17%
 
Health Care REITs - - - 0.16%
 
Hotel & Lodging REITs - - - 0.02%
 
Timber REITs - - - 0.02%
 
Real Estate Investment & Services - - 0.62% -
 
Real Estate Holding and Development - - - 0.53%
 
Real Estate Services - - - 0.10%
 
Utilities 3.67% - - -
 
Utilities - 3.67% - -
 
Electricity - - 2.10% -
 
Conventional Electricity - - - 1.96%
 
Alternative Electricity - - - 0.14%
 
Gas, Water & Multi-utilities - - 1.52% -
 
Multi-Utilities - - - 1.03%
 
Water - - - 0.27%
 
Gas Distribution - - - 0.22%
 
Waste & Disposal Services - - 0.05% -
 
Waste & Disposal Services - - - 0.05%
 
Basic Materials 3.64% - - -
 
Basic Resources - 2.72% - -
 
Industrial Metals & Mining - - 2.48% -
 
General Mining - - - 1.90%
 
Iron & Steel - - - 0.37%
 
Copper - - - 0.11%
 
Metal Fabricating - - - 0.04%
 
Aluminum - - - 0.03%
 
Nonferrous Metals - - - 0.02%
 
Precious Metals & Mining - - 0.16% -
 
Gold Mining - - - 0.13%
 
Platinum & Precious Metals - - - 0.02%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.08% -
 
Paper - - - 0.05%
 
Diversified Materials - - - 0.02%
 
Forestry - - - 0.01%
 
Chemicals - 0.92% - -
 
Chemicals - - 0.92% -
 
Chemicals: Diversified - - - 0.58%
 
Specialty Chemicals - - - 0.30%
 
Fertilizers - - - 0.03%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Telecommunications 2.51% - - -
 
Telecommunications - 2.51% - -
 
Telecommunications Equipment - - 1.45% -
 
Telecommunications Equipment - - - 1.45%
 
Telecommunications Service Providers - - 1.06% -
 
Telecommunications Services - - - 1.01%
 
Cable Television Services - - - 0.05%
 
Alternative Trading Strategies -1.62% - - -
 
Alternative Trading Strategies - -1.62% - -
 
Alternative Trading Strategies - - -1.62% -
 
Alternative Trading Strategies - - - -1.62%

Regional Allocation

pie chart
  UK 25.07%
  North America 18.52%
  Developed Europe - Excl UK 14.68%
  Cash and Equivalents 12.45%
  Emerging Asia 6.67%
  Japan 5.12%
  Australia & New Zealand 4.46%
  Non-Classified 5.57%
  Property 3.37%
  Other Regions 4.09%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 71.35%
  Cash 12.35%
  Pound Sterling 7.49%
  US Dollar 4.94%
  Euro 3.22%
  Brazilian Real 0.06%
  Other Currencies 0.58%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 25.07% -
 
United Kingdom - 25.07%
 
Jersey - 0.00%
 
North America 18.52% -
 
United States - 17.86%
 
Canada - 0.66%
 
Developed Europe - Excl UK 14.68% -
 
France - 3.05%
 
Germany - 2.12%
 
Netherlands - 1.99%
 
Switzerland - 1.92%
 
Ireland - 0.89%
 
Sweden - 0.88%
 
Spain - 0.79%
 
Denmark - 0.78%
 
Italy - 0.72%
 
Luxembourg - 0.61%
 
Belgium - 0.27%
 
Finland - 0.24%
 
Norway - 0.18%
 
Austria - 0.13%
 
Portugal - 0.07%
 
Iceland - 0.05%
 
Cash and Equivalents 12.45% -
 
Emerging Asia 6.67% -
 
South Korea - 3.64%
 
Taiwan - 0.89%
 
China - 0.79%
 
India - 0.77%
 
Malaysia - 0.14%
 
Indonesia - 0.14%
 
Thailand - 0.12%
 
Philippines - 0.08%
 
Uzbekistan - 0.03%
 
Viet Nam - 0.02%
 
Azerbaijan - 0.01%
 
Kazakhstan - 0.01%
 
Tajikistan - 0.01%
 
Georgia - 0.01%
 
Mongolia - 0.01%
 
Armenia - 0.01%
 
Sri Lanka - 0.01%
 
Papua New Guinea - 0.00%
 
Macau - 0.00%
 
Pakistan - 0.00%
 
Japan 5.12% -
 
Japan - 5.12%
 
Australia & New Zealand 4.46% -
 
Australia - 4.22%
 
New Zealand - 0.24%
 
New Caledonia - 0.00%
 
Non-Classified 5.57% -
 
Property 3.37% -
 
Developed Asia 1.99% -
 
Hong Kong - 1.26%
 
Singapore - 0.73%
 
South & Central America 1.04% -
 
Mexico - 0.35%
 
Brazil - 0.32%
 
Colombia - 0.10%
 
Peru - 0.04%
 
Dominican Republic - 0.03%
 
Chile - 0.03%
 
Uruguay - 0.03%
 
Argentina - 0.03%
 
Paraguay - 0.02%
 
Jamaica - 0.02%
 
Guatemala - 0.01%
 
Cayman Islands - 0.01%
 
Barbados - 0.01%
 
Honduras - 0.01%
 
Trinidad and Tobago - 0.01%
 
El Salvador - 0.01%
 
Ecuador - 0.01%
 
Suriname - 0.01%
 
Venezuela - 0.00%
 
Costa Rica - 0.00%
 
Panama - 0.00%
 
Bolivia - 0.00%
 
Middle East & Africa 0.67% -
 
Saudi Arabia - 0.16%
 
South Africa - 0.14%
 
United Arab Emirates - 0.07%
 
Qatar - 0.05%
 
Israel - 0.04%
 
Kuwait - 0.03%
 
Egypt - 0.02%
 
Morocco - 0.02%
 
Cote D'Ivoire - 0.01%
 
Oman - 0.01%
 
Nigeria - 0.01%
 
Kenya - 0.01%
 
Benin - 0.01%
 
Gabon - 0.01%
 
Jordan - 0.01%
 
Senegal - 0.01%
 
Angola - 0.01%
 
Cameroon - 0.01%
 
Mozambique - 0.01%
 
Rwanda - 0.01%
 
Zambia - 0.01%
 
Ghana - 0.01%
 
Iraq - 0.00%
 
Emerging Europe 0.40% -
 
Poland - 0.13%
 
Turkey - 0.07%
 
Greece - 0.06%
 
Hungary - 0.05%
 
Romania - 0.05%
 
Serbia - 0.01%
 
Ukraine - 0.01%
 
Montenegro - 0.01%
 
Czech Republic - 0.01%
 
Bosnia and Herzegowina - 0.01%
 
Albania - 0.00%
 
Macedonia, The Former Yugoslav Republic Of - 0.00%
 
Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
38.45%
Large
 
 
15.07%
Medium
 
 
7.12%
Small
 
 
1.19%
Micro
 
 
0.20%
Non-Classified
 
 
9.22%
Bonds
 
 
16.30%
Cash
 
 
12.45%

Top 10 Fund Holdings

Name % Weight Sector Country
1 BlackRock Aquila UK Equity Index S2 (HP) 18.55% Managed Funds Managed Funds
2 BlackRock Aquila US Equity S2 (HP) 10.27% Managed Funds Managed Funds
3 BlackRock Aquila Pacific Rim Equity S2 (HP) 9.39% Managed Funds Managed Funds
4 BlackRock Aquila European Equity Index S2 (HP) 8.56% Managed Funds Managed Funds
5 BlackRock Aquila Japanese Equity S2 (HP) 4.50% Managed Funds Managed Funds
6 M&G Total Return Credit Investment Class PP GBP 3.96% Managed Funds Managed Funds
7 M&G PP Long Dated Corporate Bond Fund 3.96% Managed Funds Managed Funds
8 M&G PP All Stocks Corporate Bond Institutional Acc 3.85% Managed Funds Managed Funds
9 BlackRock Aquila Connect Emerging Markets S2 (HP) 3.60% Managed Funds Managed Funds
10 Legal & General Global Infrastructure Index Class C 3.48% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 SHELL 1.54% Non-Renewable Energy United Kingdom
2 ASTRAZENECA 1.49% Pharmaceuticals & Biotechnology United Kingdom
3 HSBC HOLDINGS 1.12% Banks United Kingdom
4 SAMSUNG ELECTRONICS CO. LTD 1.10% Telecommunications Equipment South Korea
5 UNILEVER 0.90% Personal Care, Drug & Grocery Stores United Kingdom
6 MICROSOFT CORPORATION 0.80% Software & Computer Services United States
7 BP 0.76% Non-Renewable Energy United Kingdom
8 APPLE 0.64% Technology Hardware & Equipment United States
9 DIAGEO 0.62% Beverages United Kingdom
10 RELX 0.61% Media United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 0.29% 7.32% - - - - - - 7.62%
Telecommunications 0.24% 2.27% - 0.03% - - - - 2.54%
Financials 3.85% 7.67% - 0.03% - - 1.13% - 12.69%
Real Estate 0.64% 0.81% - - - 2.22% 0.01% - 3.69%
Consumer Discretionary 2.31% 5.67% - - - - 0.09% - 8.07%
Consumer Staples 2.87% 2.10% - - - - 0.02% - 5.00%
Energy 2.37% 1.90% - - - - - - 4.27%
Utilities 0.84% 2.82% - - - - - - 3.67%
Health Care 2.44% 4.05% - - - - - - 6.49%
Industrials 2.46% 6.66% - - - - 0.08% - 9.20%
Basic Materials 1.44% 2.20% - - - - - - 3.64%
Cash and Equivalents - - - - - - - 12.37% 12.37%
Bonds - - 3.61% 11.10% 1.52% - - - 16.23%
Non-Classified 0.14% 0.06% - - - 1.20% 3.04% 0.08% 4.52%

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).

Identification Codes

Sedol Code BSPBVC2
Mex Code VNAAAG
Isin Code GB00BSPBVC27
Citi Code M41U

Fund Charges

Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan

Aims and Benchmark

Aims The fund aims to deliver long term growth through investing in a diversified range of assets both in the UK and globally. At any time, the fund will invest at least 60% of its assets in equities but may invest up to 100%. Investments are managed across asset classes and across world markets with a focus on long run investment potential as forecast on a rolling 10 years basis. The fund may invest in a range of permitted assets which include equities, bonds, property and cash accessed directly or indirectly via appropriate fund vehicles. The fund may include other assets as deemed appropriate by both the manager and current regulations.
Benchmark Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO).
Sector ABI Flexible Investment

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 Risk

These funds may invest in multi-asset strategies with a higher weighting in equities (or with significant derivative use), while funds investing mainly in property, high yield or government bonds (such as UK Gilts) are also in this category.

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Important Information

This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

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

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

Source 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.