Prudential International S3

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund -0.3% 12.8% 5.3% 4.1% 4.9%
Sector 5.5% 15.7% 6.9% 3.1% 10.6%
Rank 304/334 244/335 232/337 114/337 281/341
Quartile 4 3 3 2 4

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 4.8% 5.3% 6.7%
Sector 6.8% 8.2% 8.1%
Rank 275/336 312/333 256/311
Quartile 4 4 4

Top 10 Holdings

Stock % Weight
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.88
SAMSUNG ELECTRONICS CO. LTD 1.38
MICROSOFT CORPORATION 1.10
M&G ACS EARNEST US SC VALUE GBPZ1B 1.02
NVIDIA CORP 0.86
TENCENT HOLDINGS LIMITED 0.80
AMAZON.COM 0.80
APPLE 0.75
ASTRAZENECA 0.72
NOVO NORDISK A/S 0.68
Total 9.99

Fund Aims

Objective: The investment strategy of the fund is to provide medium to long-term growth (5 to 10 years or more) by investing in a well-diversified and balanced spread of world equity markets including UK, Europe, North America, Asia-Pacific, Emerging Markets and other regions. The geographic split of assets is reviewed regularly and is achieved predominantly through investment in collective investment schemes. The balanced spread of equity markets, and the associated performance the fund generates, may differ from other global equity funds that could be more closely aligned to global equity index benchmarks.

Fund Manager

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

Bid (28/03/2024) 316.30
Offer n/a
Fund size (29/02/2024) £46.13m
Number of holdings 3670
Launch date 17/05/2002

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.08%
Yearly Total 1.38%

Asset Allocation

pie chart
  International Equities 71.20%
  UK Equities 17.42%
  Cash and Equivalents 3.07%
  Property 1.20%
  International Bonds 0.27%
  Investment Trusts 0.17%
  Alternative Trading Strategies 0.00%
  Other Assets 6.67%
Portfolio data accurate as at: 29/02/24

Important Information

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

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

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

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 71.20%
  UK Equities 17.42%
  Cash and Equivalents 3.07%
  Property 1.20%
  International Bonds 0.27%
  Investment Trusts 0.17%
  Alternative Trading Strategies 0.00%
  Other Assets 6.67%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 18.13% - - -
 
Banks - 9.65% - -
 
Banks - - 9.65% -
 
Banks - - - 9.65%
 
Financial Services - 4.35% - -
 
Investment Banking & Brokerage Services - - 3.50% -
 
Asset Managers & Custodians - - - 1.60%
 
Investment Services - - - 1.51%
 
Diversified Financial Services - - - 0.39%
 
Finance & Credit Services - - 0.67% -
 
Financial Data & Systems - - - 0.38%
 
Consumer Lending - - - 0.15%
 
Mortgage Finance - - - 0.14%
 
Equity Investment Instruments - - 0.17% -
 
Equity Investment Instruments - - - 0.17%
 
Nonequity Investment Instruments - - 0.01% -
 
Nonequity Investment Instruments - - - 0.01%
 
Insurance - 4.12% - -
 
Non-life Insurance - - 2.23% -
 
Property & Casualty Insurance - - - 0.90%
 
Full Line Insurance - - - 0.74%
 
Reinsurance - - - 0.37%
 
Insurance Brokers - - - 0.22%
 
Life Insurance - - 1.89% -
 
Life Insurance - - - 1.89%
 
Industrials 14.18% - - -
 
Industrial Goods & Services - 12.91% - -
 
Industrial Support Services - - 3.02% -
 
Professional Business Support Services - - - 0.97%
 
Transaction Processing Services - - - 0.74%
 
Industrial Suppliers - - - 0.73%
 
Security Services - - - 0.33%
 
Business Training & Employment Agencies - - - 0.23%
 
Forms & Bulk Printing Services - - - 0.02%
 
General Industrials - - 2.77% -
 
Diversified Industrials - - - 1.88%
 
Containers & Packaging - - - 0.81%
 
Glass - - - 0.05%
 
Paints & Coatings - - - 0.02%
 
Plastics - - - 0.00%
 
Industrial Transportation - - 2.44% -
 
Marine Transportation - - - 0.85%
 
Transportation Services - - - 0.54%
 
Railroads - - - 0.35%
 
Commercial Vehicles & Parts - - - 0.24%
 
Delivery Services - - - 0.20%
 
Commercial Vehicle-Equipment Leasing - - - 0.19%
 
Railroad Equipment - - - 0.04%
 
Trucking - - - 0.02%
 
Electronic & Electrical Equipment - - 1.88% -
 
Electrical Components - - - 1.21%
 
Electronic Equipment: Control & Filter - - - 0.35%
 
Electronic Equipment: Gauges & Meters - - - 0.25%
 
Electronic Equipment: Pollution Control - - - 0.07%
 
Electronic Equipment: Other - - - 0.01%
 
Industrial Engineering - - 1.71% -
 
Machinery: Construction & Handling - - - 0.47%
 
Machinery: Industrial - - - 0.43%
 
Machinery: Engines - - - 0.38%
 
Machinery: Tools - - - 0.30%
 
Machinery: Specialty - - - 0.12%
 
Machinery: Agricultural - - - 0.02%
 
Aerospace & Defence - - 1.09% -
 
Defense - - - 0.69%
 
Aerospace - - - 0.40%
 
Construction & Materials - 1.26% - -
 
Construction & Materials - - 1.26% -
 
Building Materials: Other - - - 0.41%
 
Cement - - - 0.35%
 
Construction - - - 0.21%
 
Building: Climate Control - - - 0.18%
 
Engineering & Contracting Services - - - 0.07%
 
Building, Roofing/Wallboard & Plumbing - - - 0.05%
 
Technology 13.78% - - -
 
Technology - 13.78% - -
 
Software & Computer Services - - 6.89% -
 
Consumer Digital Services - - - 2.96%
 
Software - - - 2.95%
 
Computer Services - - - 0.98%
 
Technology Hardware & Equipment - - 6.89% -
 
Semiconductors - - - 4.72%
 
Computer Hardware - - - 0.99%
 
Production Technology Equipment - - - 0.71%
 
Electronic Components - - - 0.43%
 
Electronic Office Equipment - - - 0.04%
 
Consumer Discretionary 13.65% - - -
 
Retail - 3.91% - -
 
Retailers - - 3.91% -
 
Diversified Retailers - - - 2.39%
 
Specialty Retailers - - - 0.66%
 
Apparel Retailers - - - 0.47%
 
Home Improvement Retailers - - - 0.38%
 
Consumer Products & Services - 3.12% - -
 
Household Goods & Home Construction - - 1.01% -
 
Home Construction - - - 0.73%
 
Household Appliance - - - 0.25%
 
Household Furnishings - - - 0.02%
 
Household Equipment & Products - - - 0.01%
 
Personal Goods - - 0.85% -
 
Clothing & Accessories - - - 0.43%
 
Luxury Items - - - 0.15%
 
Footwear - - - 0.14%
 
Cosmetics - - - 0.13%
 
Leisure Goods - - 0.69% -
 
Consumer Electronics - - - 0.28%
 
Electronic Entertainment - - - 0.21%
 
Recreational Vehicles & Boats - - - 0.09%
 
Photography - - - 0.05%
 
Recreational Products - - - 0.03%
 
Toys - - - 0.02%
 
Consumer Services - - 0.57% -
 
Vending & Catering Service - - - 0.30%
 
Consumer Services: Misc. - - - 0.23%
 
Education Services - - - 0.04%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Automobiles & Parts - 2.97% - -
 
Automobiles & Parts - - 2.97% -
 
Automobiles - - - 2.28%
 
Auto Parts - - - 0.54%
 
Tires - - - 0.15%
 
Travel & Leisure - 2.09% - -
 
Travel & Leisure - - 2.09% -
 
Hotels & Motels - - - 0.65%
 
Restaurants & Bars - - - 0.53%
 
Casinos & Gambling - - - 0.38%
 
Airlines - - - 0.29%
 
Travel & Tourism - - - 0.17%
 
Recreational Services - - - 0.06%
 
Media - 1.57% - -
 
Media - - 1.57% -
 
Publishing - - - 0.51%
 
Media Agencies - - - 0.42%
 
Radio & TV Broadcasters - - - 0.39%
 
Entertainment - - - 0.26%
 
Health Care 7.47% - - -
 
Health Care - 7.47% - -
 
Pharmaceuticals & Biotechnology - - 5.72% -
 
Pharmaceuticals - - - 5.21%
 
Biotechnology - - - 0.52%
 
Medical Equipment & Services - - 1.17% -
 
Medical Equipment - - - 0.95%
 
Medical Supplies - - - 0.21%
 
Medical Services - - - 0.02%
 
Health Care Providers - - 0.58% -
 
Health Care Management Services - - - 0.46%
 
Health Care Services - - - 0.08%
 
Health Care Facilities - - - 0.03%
 
Non-Classified 6.72% - - -
 
Non-Classified - 4.49% - -
 
Non-Classified - - 4.49% -
 
Non-Classified - - - 4.49%
 
Consumer Staples 5.44% - - -
 
Food, Beverage & Tobacco - 2.82% - -
 
Beverages - - 1.60% -
 
Distillers & Vintners - - - 0.68%
 
Soft Drinks - - - 0.62%
 
Brewers - - - 0.29%
 
Food Producers - - 1.22% -
 
Food Products - - - 1.19%
 
Farming, Fishing, Ranching & Plantations - - - 0.03%
 
Fruit & Grain Processing - - - 0.00%
 
Personal Care, Drug & Grocery Stores - 2.62% - -
 
Personal Care, Drug & Grocery Stores - - 2.62% -
 
Food Retailers & Wholesalers - - - 1.40%
 
Personal Products - - - 0.80%
 
Drug Retailers - - - 0.24%
 
Nondurable Household Products - - - 0.19%
 
Telecommunications 4.09% - - -
 
Telecommunications - 4.09% - -
 
Telecommunications Equipment - - 2.31% -
 
Telecommunications Equipment - - - 2.31%
 
Telecommunications Service Providers - - 1.78% -
 
Telecommunications Services - - - 1.69%
 
Cable Television Services - - - 0.09%
 
Basic Materials 3.91% - - -
 
Basic Resources - 2.39% - -
 
Industrial Metals & Mining - - 1.95% -
 
General Mining - - - 1.07%
 
Iron & Steel - - - 0.66%
 
Copper - - - 0.11%
 
Metal Fabricating - - - 0.07%
 
Aluminum - - - 0.04%
 
Nonferrous Metals - - - 0.01%
 
Industrial Materials - - 0.29% -
 
Paper - - - 0.22%
 
Diversified Materials - - - 0.06%
 
Forestry - - - 0.01%
 
Textile Products - - - 0.00%
 
Precious Metals & Mining - - 0.14% -
 
Gold Mining - - - 0.14%
 
Platinum & Precious Metals - - - 0.00%
 
Diamonds & Gemstones - - - 0.00%
 
Chemicals - 1.52% - -
 
Chemicals - - 1.52% -
 
Chemicals: Diversified - - - 1.08%
 
Specialty Chemicals - - - 0.31%
 
Fertilizers - - - 0.09%
 
Chemicals & Synthetic Fibers - - - 0.03%
 
Energy 3.74% - - -
 
Energy - 3.74% - -
 
Non-Renewable Energy - - 3.60% -
 
Integrated Oil & Gas - - - 2.11%
 
Oil: Crude Producers - - - 0.63%
 
Oil Refining and Marketing - - - 0.42%
 
Oil Equipment & Services - - - 0.35%
 
Pipelines - - - 0.08%
 
Coal - - - 0.01%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.14% -
 
Renewable Energy Equipment - - - 0.14%
 
Cash and Equivalents 3.07% - - -
 
Real Estate 3.00% - - -
 
Real Estate - 3.00% - -
 
Real Estate Investment Trusts - - 1.57% -
 
Industrial REITs - - - 0.35%
 
Retail REITs - - - 0.27%
 
Diversified REITs - - - 0.27%
 
Residential REITs - - - 0.22%
 
Office REITs - - - 0.13%
 
Storage REITs - - - 0.09%
 
Health Care REITs - - - 0.08%
 
Infrastructure REITs - - - 0.07%
 
Timber REITs - - - 0.05%
 
Other Specialty REITs - - - 0.05%
 
Hotel & Lodging REITs - - - 0.01%
 
Real Estate Investment & Services - - 1.43% -
 
Real Estate Holding and Development - - - 0.93%
 
Real Estate Services - - - 0.50%
 
Utilities 2.55% - - -
 
Utilities - 2.55% - -
 
Electricity - - 1.36% -
 
Conventional Electricity - - - 1.19%
 
Alternative Electricity - - - 0.17%
 
Gas, Water & Multi-utilities - - 1.13% -
 
Multi-Utilities - - - 0.99%
 
Water - - - 0.12%
 
Gas Distribution - - - 0.03%
 
Waste & Disposal Services - - 0.06% -
 
Waste & Disposal Services - - - 0.06%
 
Bonds 0.27% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  Developed Europe - Excl UK 19.54%
  North America 18.78%
  Emerging Asia 17.89%
  UK 17.42%
  Japan 5.68%
  Developed Asia 5.46%
  Non-Classified 7.36%
  Cash and Equivalents 3.07%
  Australia & New Zealand 2.47%
  Other Regions 2.33%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 96.66%
  Cash 3.07%
  Euro 0.24%
  US Dollar 0.03%
  Swedish Krona 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 19.54% -
 
France - 3.97%
 
Germany - 3.96%
 
Switzerland - 2.48%
 
Ireland - 1.65%
 
Netherlands - 1.65%
 
Denmark - 1.22%
 
Spain - 1.09%
 
Sweden - 0.87%
 
Italy - 0.61%
 
Belgium - 0.60%
 
Finland - 0.54%
 
Luxembourg - 0.29%
 
Norway - 0.28%
 
Austria - 0.28%
 
Portugal - 0.05%
 
North America 18.78% -
 
United States - 18.58%
 
Canada - 0.20%
 
Emerging Asia 17.89% -
 
China - 6.85%
 
South Korea - 4.17%
 
Taiwan - 2.78%
 
India - 2.15%
 
Indonesia - 1.08%
 
Thailand - 0.54%
 
Malaysia - 0.18%
 
Philippines - 0.14%
 
UK 17.42% -
 
United Kingdom - 17.43%
 
Jersey - 0.00%
 
Japan 5.68% -
 
Japan - 5.68%
 
Developed Asia 5.46% -
 
Hong Kong - 3.86%
 
Singapore - 1.60%
 
Non-Classified 7.36% -
 
Cash and Equivalents 3.07% -
 
Australia & New Zealand 2.47% -
 
Australia - 2.47%
 
Property 1.19% -
 
South & Central America 0.52% -
 
Brazil - 0.33%
 
Mexico - 0.17%
 
Chile - 0.02%
 
Cayman Islands - 0.00%
 
Colombia - 0.00%
 
Peru - 0.00%
 
Emerging Europe 0.32% -
 
Greece - 0.13%
 
Turkey - 0.06%
 
Hungary - 0.06%
 
Poland - 0.05%
 
Czech Republic - 0.01%
 
Romania - 0.01%
 
Russian Federation - 0.00%
 
Middle East & Africa 0.30% -
 
South Africa - 0.15%
 
United Arab Emirates - 0.08%
 
Israel - 0.06%
 
Egypt - 0.01%
 
Saudi Arabia - 0.00%
 
Qatar - 0.00%
 
Kuwait - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
45.18%
Large
 
 
21.78%
Medium
 
 
12.53%
Small
 
 
1.67%
Micro
 
 
0.28%
Non-Classified
 
 
15.21%
Bonds
 
 
0.27%
Cash
 
 
3.07%

Top 10 Fund Holdings

Name % Weight Sector Country
1 M&G (1) Asia Pacific (ex Japan) Equity Class GBPZ2A 20.23% Managed Funds Managed Funds
2 M&G (ACS) Blackrock US Equity Z1B Acc 10.85% Managed Funds Managed Funds
3 M&G (LUX) FCP Europe ex UK Equity Fund Z1B Acc 10.28% Managed Funds Managed Funds
4 M&G (ACS) BlackRock UK 200 Equity Fund Z1B Acc 7.65% Managed Funds Managed Funds
5 M&G (ACS) Japan Equity Fund Z1B Acc 5.79% Managed Funds Managed Funds
6 M&G (ACS) BlackRock UK All Share Equity LB 5.75% Managed Funds Managed Funds
7 M&G (LUX) FCP BlackRock Europe ex UK Equity Fund Z1B Acc 5.18% Managed Funds Managed Funds
8 M&G (ACS) UK Listed Equity Fund Z1B Acc 4.68% Managed Funds Managed Funds
9 SA EQUITY FUND B 2.67% Managed Funds Managed Funds
10 M&G (ACS) WB US Large Cap Equity 2.56% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.88% Technology Hardware & Equipment Taiwan
2 SAMSUNG ELECTRONICS CO. LTD 1.38% Telecommunications Equipment South Korea
3 MICROSOFT CORPORATION 1.10% Software & Computer Services United States
4 M&G ACS EARNEST US SC VALUE GBPZ1B 1.02% Non-Classified Non-Classified
5 NVIDIA CORP 0.86% Technology Hardware & Equipment United States
6 TENCENT HOLDINGS LIMITED 0.80% Software & Computer Services China
7 AMAZON.COM 0.80% Retailers United States
8 APPLE 0.75% Technology Hardware & Equipment United States
9 ASTRAZENECA 0.72% Pharmaceuticals & Biotechnology United Kingdom
10 NOVO NORDISK A/S 0.68% Pharmaceuticals & Biotechnology Denmark

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 0.64% 13.14% - - - - - - 13.78%
Telecommunications 0.26% 3.83% - 0.24% - - - - 4.33%
Financials 3.75% 14.21% - 0.01% - - 0.17% - 18.14%
Real Estate 0.37% 1.44% - - - 1.19% - - 3.00%
Consumer Discretionary 3.24% 10.41% - 0.03% - - 0.04% - 13.71%
Consumer Staples 1.88% 3.56% - - - - - - 5.44%
Energy 1.14% 2.60% - - - - - - 3.74%
Utilities 0.65% 1.90% - - - - - - 2.55%
Health Care 1.38% 6.09% - - - - - - 7.47%
Industrials 3.12% 11.06% - - - - 0.01% - 14.19%
Basic Materials 0.98% 2.93% - - - - - - 3.91%
Cash and Equivalents - - - - - - - 3.07% 3.07%
Non-Classified 0.01% 0.03% - - - 0.02% 6.62% - 6.67%

Important Information

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

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

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

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code 3164817
Mex Code VNIN
Isin Code GB0031648172
Citi Code PW76

Fund Charges

Annual Management Charge (AMC) 1.30%
Further Costs 0.08%
Yearly Total 1.38%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to provide medium to long-term growth (5 to 10 years or more) by investing in a well-diversified and balanced spread of world equity markets including UK, Europe, North America, Asia-Pacific, Emerging Markets and other regions. The geographic split of assets is reviewed regularly and is achieved predominantly through investment in collective investment schemes. The balanced spread of equity markets, and the associated performance the fund generates, may differ from other global equity funds that could be more closely aligned to global equity index benchmarks.
Benchmark Composite
Sector ABI Global Equities

Ratings

FE Crown Crown Rating of 2

Important Information

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

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

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

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

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

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

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

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.