Prudential UK Equity S1

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 -20.7% 33.4% 6.7% -1.2% 5.9%
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 2.4% 3.7% 3.4% 4.5%
Benchmark 3.6% 8.0% 5.4% 5.8%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 7.04
HSBC HOLDINGS 6.20
UNILEVER 4.09
BP 3.95
SHELL 3.91
GSK 2.89
DIAGEO 2.69
LONDON STOCK EXCHANGE GROUP 2.02
NATIONAL GRID 1.74
RECKITT BENCKISER GROUP 1.69
Total 36.24

Fund Aims

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

Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions.

Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 8 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

Bid (23/05/2024) 9.65
Offer (23/05/2024) 10.16
Fund size (30/04/2024) £123.62m
Underlying Fund size £295.02m
Number of holdings 761
Launch date 02/07/1991

Fund Charges

Annual Management Charge (AMC) 0.75%
Further Costs 0.02%
Yearly Total 0.77%

Asset Allocation

pie chart
  UK Equities 91.81%
  International Equities 2.57%
  Property 2.10%
  Cash and Equivalents 1.41%
  Investment Trusts 1.27%
  Money Market 0.01%
  Alternative Trading Strategies 0.00%
  UK Corporate Bonds 0.00%
  International Bonds 0.00%
  Other Assets 0.83%

Commentary

Performance as at Q1 2024 - The UK stockmarket made a positive start to the year although the UK continued to lag the global market due to a relatively subdued economic outlook. 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. Larger companies led the way in the quarter, with mid and small-cap stocks trailing. In this environment, the fund gained and was behind the FTSE All-Share Index. The Smaller Companies Fund was ahead of its index, while the rest of the underlying funds underperformed their respective indices. The Smaller Companies Fund’s performance was supported by stock selection and sector allocation, with above-benchmark positions in industrials and technology adding value. Stock picks in financials and basic materials more than offset selection in industrials, which hurt. A position in Alfa Financial Software added value on the back of stronger demand for technology stocks. The Recovery Fund underperformed the FTSE All-Share Index in the quarter, as concerns about the UK economy weighed on domestic-focused businesses. The fund is overweight mid-cap and small-cap stocks, which tend to rely more on UK sales than globally exposed large-cap businesses. These economic fears receded late in the quarter, and markets picked up, on evidence that the country may quickly return to growth after a shallow recession in the second half of 2023. The Equity Growth Fund gained in the quarter and was behind its benchmark. The fund had a good start to the year in January but gave back performance over the course of February and March. Sector allocation was positive over the three-month period, with an above-index position in industrials and a below-index allocation to basic materials adding value. Stock selection detracted, largely through choices in industrials, healthcare and technology. Finally, the Equity Dividend Fund’s performance was held back by sector allocation, with an above-index position in utilities and a below-index presence in industrials detracting. Stock selection also cost some performance, largely from choices in consumer discretionary, while stock picks in healthcare and industrials supported returns. Detractors included sports betting firm Entain, which has struggled with rising regulatory costs with ongoing regulatory scrutiny in the Netherlands and UK. Logistics firm Wincanton and packaging firm DS Smith both received takeover approaches and were among leading contributors.

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 91.81%
  International Equities 2.57%
  Property 2.10%
  Cash and Equivalents 1.41%
  Investment Trusts 1.27%
  Money Market 0.01%
  Alternative Trading Strategies 0.00%
  UK Corporate Bonds 0.00%
  International Bonds 0.00%
  Other Assets 0.83%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 23.03% - - -
 
Banks - 9.86% - -
 
Banks - - 9.86% -
 
Banks - - - 9.86%
 
Financial Services - 8.85% - -
 
Investment Banking & Brokerage Services - - 5.23% -
 
Asset Managers & Custodians - - - 4.36%
 
Investment Services - - - 0.83%
 
Diversified Financial Services - - - 0.05%
 
Finance & Credit Services - - 2.34% -
 
Financial Data & Systems - - - 2.02%
 
Mortgage Finance - - - 0.25%
 
Consumer Lending - - - 0.07%
 
Equity Investment Instruments - - 1.28% -
 
Equity Investment Instruments - - - 1.28%
 
Insurance - 4.31% - -
 
Life Insurance - - 2.91% -
 
Life Insurance - - - 2.91%
 
Non-life Insurance - - 1.40% -
 
Property & Casualty Insurance - - - 1.05%
 
Full Line Insurance - - - 0.26%
 
Reinsurance - - - 0.09%
 
Industrials 13.60% - - -
 
Industrial Goods & Services - 11.79% - -
 
Industrial Support Services - - 3.99% -
 
Professional Business Support Services - - - 2.82%
 
Business Training & Employment Agencies - - - 0.74%
 
Industrial Suppliers - - - 0.30%
 
Transaction Processing Services - - - 0.12%
 
Security Services - - - 0.01%
 
Aerospace & Defence - - 2.14% -
 
Defense - - - 1.23%
 
Aerospace - - - 0.91%
 
General Industrials - - 1.72% -
 
Containers & Packaging - - - 0.99%
 
Diversified Industrials - - - 0.73%
 
Industrial Engineering - - 1.66% -
 
Machinery: Industrial - - - 0.92%
 
Machinery: Construction & Handling - - - 0.60%
 
Machinery: Specialty - - - 0.14%
 
Industrial Transportation - - 1.36% -
 
Commercial Vehicle-Equipment Leasing - - - 0.46%
 
Marine Transportation - - - 0.45%
 
Delivery Services - - - 0.30%
 
Transportation Services - - - 0.15%
 
Electronic & Electrical Equipment - - 0.92% -
 
Electrical Components - - - 0.54%
 
Electronic Equipment: Control & Filter - - - 0.21%
 
Electronic Equipment: Gauges & Meters - - - 0.18%
 
Construction & Materials - 1.80% - -
 
Construction & Materials - - 1.80% -
 
Construction - - - 0.71%
 
Building, Roofing/Wallboard & Plumbing - - - 0.37%
 
Engineering & Contracting Services - - - 0.36%
 
Building Materials: Other - - - 0.30%
 
Cement - - - 0.06%
 
Consumer Staples 12.62% - - -
 
Personal Care, Drug & Grocery Stores - 7.05% - -
 
Personal Care, Drug & Grocery Stores - - 7.05% -
 
Personal Products - - - 4.09%
 
Nondurable Household Products - - - 1.69%
 
Food Retailers & Wholesalers - - - 1.27%
 
Food, Beverage & Tobacco - 5.57% - -
 
Beverages - - 3.76% -
 
Distillers & Vintners - - - 2.76%
 
Soft Drinks - - - 1.00%
 
Food Producers - - 1.48% -
 
Food Products - - - 1.41%
 
Farming, Fishing, Ranching & Plantations - - - 0.07%
 
Tobacco - - 0.33% -
 
Tobacco - - - 0.33%
 
Health Care 11.82% - - -
 
Health Care - 11.82% - -
 
Pharmaceuticals & Biotechnology - - 11.47% -
 
Pharmaceuticals - - - 10.89%
 
Biotechnology - - - 0.58%
 
Medical Equipment & Services - - 0.35% -
 
Medical Equipment - - - 0.24%
 
Medical Supplies - - - 0.11%
 
Consumer Discretionary 10.74% - - -
 
Media - 4.03% - -
 
Media - - 4.03% -
 
Publishing - - - 2.35%
 
Media Agencies - - - 1.22%
 
Radio & TV Broadcasters - - - 0.46%
 
Entertainment - - - 0.00%
 
Consumer Products & Services - 2.99% - -
 
Consumer Services - - 1.43% -
 
Vending & Catering Service - - - 1.42%
 
Consumer Services: Misc. - - - 0.01%
 
Household Goods & Home Construction - - 0.86% -
 
Home Construction - - - 0.85%
 
Household Furnishings - - - 0.00%
 
Leisure Goods - - 0.43% -
 
Toys - - - 0.43%
 
Electronic Entertainment - - - 0.00%
 
Personal Goods - - 0.28% -
 
Clothing & Accessories - - - 0.27%
 
Luxury Items - - - 0.00%
 
Travel & Leisure - 2.25% - -
 
Travel & Leisure - - 2.25% -
 
Hotels & Motels - - - 0.67%
 
Recreational Services - - - 0.54%
 
Casinos & Gambling - - - 0.40%
 
Travel & Tourism - - - 0.32%
 
Restaurants & Bars - - - 0.26%
 
Airlines - - - 0.05%
 
Retail - 1.37% - -
 
Retailers - - 1.37% -
 
Home Improvement Retailers - - - 0.79%
 
Diversified Retailers - - - 0.26%
 
Specialty Retailers - - - 0.19%
 
Apparel Retailers - - - 0.12%
 
Automobiles & Parts - 0.10% - -
 
Automobiles & Parts - - 0.10% -
 
Auto Parts - - - 0.08%
 
Automobiles - - - 0.02%
 
Energy 9.18% - - -
 
Energy - 9.18% - -
 
Non-Renewable Energy - - 8.91% -
 
Integrated Oil & Gas - - - 8.28%
 
Oil: Crude Producers - - - 0.54%
 
Oil Equipment & Services - - - 0.09%
 
Renewable Energy - - 0.27% -
 
Alternative Fuels - - - 0.23%
 
Renewable Energy Equipment - - - 0.04%
 
Basic Materials 5.84% - - -
 
Basic Resources - 4.77% - -
 
Industrial Metals & Mining - - 4.57% -
 
General Mining - - - 3.74%
 
Copper - - - 0.52%
 
Metal Fabricating - - - 0.15%
 
Nonferrous Metals - - - 0.12%
 
Iron & Steel - - - 0.04%
 
Precious Metals & Mining - - 0.19% -
 
Gold Mining - - - 0.16%
 
Platinum & Precious Metals - - - 0.03%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.00% -
 
Diversified Materials - - - 0.00%
 
Chemicals - 1.08% - -
 
Chemicals - - 1.08% -
 
Chemicals: Diversified - - - 0.70%
 
Specialty Chemicals - - - 0.37%
 
Utilities 3.56% - - -
 
Utilities - 3.56% - -
 
Gas, Water & Multi-utilities - - 2.62% -
 
Multi-Utilities - - - 1.81%
 
Water - - - 0.81%
 
Electricity - - 0.93% -
 
Conventional Electricity - - - 0.93%
 
Waste & Disposal Services - - 0.00% -
 
Waste & Disposal Services - - - 0.00%
 
Real Estate 2.89% - - -
 
Real Estate - 2.89% - -
 
Real Estate Investment Trusts - - 2.58% -
 
Industrial REITs - - - 0.92%
 
Diversified REITs - - - 0.60%
 
Office REITs - - - 0.46%
 
Residential REITs - - - 0.23%
 
Retail REITs - - - 0.19%
 
Storage REITs - - - 0.11%
 
Other Specialty REITs - - - 0.06%
 
Health Care REITs - - - 0.03%
 
Real Estate Investment & Services - - 0.31% -
 
Real Estate Services - - - 0.20%
 
Real Estate Holding and Development - - - 0.11%
 
Technology 2.89% - - -
 
Technology - 2.89% - -
 
Software & Computer Services - - 2.43% -
 
Software - - - 1.29%
 
Consumer Digital Services - - - 0.86%
 
Computer Services - - - 0.29%
 
Technology Hardware & Equipment - - 0.46% -
 
Semiconductors - - - 0.32%
 
Electronic Components - - - 0.13%
 
Production Technology Equipment - - - 0.01%
 
Cash and Equivalents 1.42% - - -
 
Non-Classified 1.29% - - -
 
Telecommunications 1.13% - - -
 
Telecommunications - 1.13% - -
 
Telecommunications Service Providers - - 1.10% -
 
Telecommunications Services - - - 1.10%
 
Telecommunications Equipment - - 0.03% -
 
Telecommunications Equipment - - - 0.03%
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%
 
Bonds 0.00% - - -

Regional Allocation

pie chart
  UK 92.33%
  Non-Classified 2.26%
  Property 2.00%
  Developed Europe - Excl UK 1.54%
  Cash and Equivalents 1.42%
  North America 0.22%
  Australia & New Zealand 0.11%
  Middle East & Africa 0.08%
  Developed Asia 0.05%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.59%
  Cash 1.41%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 92.33% -
 
United Kingdom - 91.91%
 
Jersey - 0.25%
 
Isle of Man - 0.21%
 
Non-Classified 2.26% -
 
Property 2.00% -
 
Developed Europe - Excl UK 1.54% -
 
Ireland - 1.21%
 
Switzerland - 0.20%
 
Germany - 0.10%
 
Netherlands - 0.02%
 
France - 0.00%
 
Luxembourg - 0.00%
 
Sweden - 0.00%
 
Cash and Equivalents 1.42% -
 
North America 0.22% -
 
Canada - 0.14%
 
United States - 0.07%
 
Australia & New Zealand 0.11% -
 
Australia - 0.11%
 
Middle East & Africa 0.08% -
 
Israel - 0.08%
 
Developed Asia 0.05% -
 
Singapore - 0.05%
 
Hong Kong - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
44.23%
Large
 
 
14.21%
Medium
 
 
16.21%
Small
 
 
9.48%
Micro
 
 
2.44%
Non-Classified
 
 
12.01%
Cash
 
 
1.42%

Fund Holdings

Name % Weight Sector Country
1 M&G (ACS) BlackRock UK All Share Equity PA 47.91% Managed Funds Managed Funds
2 M&G PP UK Equity Growth 19.63% Managed Funds Managed Funds
3 M&G PP Recovery Fund 14.36% Managed Funds Managed Funds
4 M&G PP UK Equity Dividend 13.97% Managed Funds Managed Funds
5 M&G PP UK Smaller Companies Fund 4.03% Managed Funds Managed Funds
6 M&G PP UK Equity 350 Passive 0.00% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 7.04% Pharmaceuticals & Biotechnology United Kingdom
2 HSBC HOLDINGS 6.20% Banks United Kingdom
3 UNILEVER 4.09% Personal Care, Drug & Grocery Stores United Kingdom
4 BP 3.95% Non-Renewable Energy United Kingdom
5 SHELL 3.91% Non-Renewable Energy United Kingdom
6 GSK 2.89% Pharmaceuticals & Biotechnology United Kingdom
7 DIAGEO 2.69% Beverages United Kingdom
8 LONDON STOCK EXCHANGE GROUP 2.02% Finance & Credit Services United Kingdom
9 NATIONAL GRID 1.74% Gas, Water & Multi-utilities United Kingdom
10 RECKITT BENCKISER GROUP 1.69% 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 2.84% 0.05% - - - - - - 2.89%
Telecommunications 1.13% - - - - - - - 1.13%
Financials 21.42% 0.34% - - - - 1.27% - 23.03%
Real Estate 0.94% - - - - 1.95% - - 2.89%
Consumer Discretionary 10.29% 0.45% - - - - - - 10.74%
Consumer Staples 12.25% 0.37% - - - - - - 12.62%
Energy 9.18% - - - - - - - 9.18%
Utilities 3.56% - - - - - - - 3.56%
Health Care 11.69% 0.13% - - - - - - 11.82%
Industrials 13.13% 0.47% - - - - - - 13.60%
Basic Materials 5.17% 0.67% - - - - - - 5.84%
Cash and Equivalents - - - - - - - 1.41% 1.41%
Bonds - - - - - - - - -
Non-Classified 0.22% 0.10% - - - 0.14% 0.84% 0.01% 1.30%

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 0702265
Mex Code PUPME
Isin Code GB0007022659
Citi Code PS18

Fund Charges

Annual Management Charge (AMC) 0.75%
Further Costs 0.02%
Yearly Total 0.77%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G UK Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G PP funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis.
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.