Prudential Dynamic Growth III S3

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

Performance

Discrete performance - to latest available quarter end

30/06/17
to
30/06/18
30/06/18
to
30/06/19
30/06/19
to
30/06/20
30/06/20
to
30/06/21
30/06/21
to
30/06/22
Fund 3.8% 6.8% 1.3% 13.2% -8.4%
Benchmark 2.7% 5.6% 2.2% 10.0% -7.7%

Performance - to latest available quarter end

Quarter Annualised
2
2022
3 Years to
30/06/22
5 Years to
30/06/22
10 Years to
30/06/22
Fund -6.3% 1.6% 3.1% n/a
Benchmark -6.4% 1.3% 2.4% n/a

Top 10 Holdings

Stock % Weight
ASTRAZENECA 1.46
SHELL 1.39
1½% Treasury Gilt 2026 1.00
HSBC HLDGS 0.94
UNILEVER 0.83
EURO-BOBL SEP 22 EUR Notional Cash Offset 0.79
GLAXOSMITHKLINE 0.77
BRITISH AMERICAN TOBACCO 0.70
DIAGEO 0.70
BP 0.65
Total 9.22

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 20% of its assets in equities but not more than 55%. 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 7 years and 5 months

Photo of M&G .

BlackRock manager for 7 years and 5 months

Photo of BlackRock .

M&G Treasury & Investment Office manager for 7 years and 5 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 (12/08/2022) 148.30
Number of holdings 12304
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 Bonds 33.34%
  International Equities 26.28%
  UK Equities 16.14%
  UK Corporate Bonds 10.30%
  Cash and Equivalents 3.52%
  UK Gilts 3.34%
  Investment Trusts 1.02%
  Property 0.81%
  Alternative Trading Strategies 0.33%
  Other Assets 4.92%

Commentary

Performance as at Q1 2022 - Both equity and fixed income assets experienced negative returns for the first quarter, when the rapid rise in yields and the Ukraine conflict caused investors to reappraise the outlook they had at the end of 2021. The rise in yields were in response to the increasingly hawkish rhetoric emanating from central banks, as they accepted that inflation was running higher for longer periods than expected. This combined with a stronger dollar caused fixed income to produce one of the worst returns in recent history, even underperforming historically more volatile equites. US investment grade, Emerging market bonds were the bottom of the pack, followed by Europe (inc UK), Asia and Global High Yield bonds. Equities were negative but mixed, as the UK was roughly flat due to its exposure to commodities, whilst Europe and China fared the worst relatively, due to the conflict and Covid lockdowns. Tactical asset allocation was slightly accretive as the underweight to fixed income help offset the negative equity overweights.

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 Bonds 33.34%
  International Equities 26.28%
  UK Equities 16.14%
  UK Corporate Bonds 10.30%
  Cash and Equivalents 3.52%
  UK Gilts 3.34%
  Investment Trusts 1.02%
  Property 0.81%
  Alternative Trading Strategies 0.33%
  Other Assets 4.92%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 46.97% - - -
 
Financials 8.66% - - -
 
Banks - 4.06% - -
 
Banks - - 4.06% -
 
Banks - - - 4.06%
 
Financial Services - 2.86% - -
 
Investment Banking & Brokerage Services - - 1.45% -
 
Asset Managers & Custodians - - - 0.60%
 
Investment Services - - - 0.48%
 
Diversified Financial Services - - - 0.37%
 
Equity Investment Instruments - - 1.03% -
 
Equity Investment Instruments - - - 1.03%
 
Finance & Credit Services - - 0.38% -
 
Financial Data & Systems - - - 0.29%
 
Mortgage Finance - - - 0.06%
 
Consumer Lending - - - 0.03%
 
Mortgage Real Estate Investment Trusts - - 0.00% -
 
Mortgage REITs: Residential - - - 0.00%
 
Mortgage REITs: Diversified - - - 0.00%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Insurance - 1.74% - -
 
Life Insurance - - 0.97% -
 
Life Insurance - - - 0.97%
 
Non-life Insurance - - 0.77% -
 
Property & Casualty Insurance - - - 0.37%
 
Full Line Insurance - - - 0.28%
 
Reinsurance - - - 0.07%
 
Insurance Brokers - - - 0.04%
 
Industrials 5.56% - - -
 
Industrial Goods & Services - 4.79% - -
 
Industrial Support Services - - 1.23% -
 
Professional Business Support Services - - - 0.54%
 
Transaction Processing Services - - - 0.32%
 
Industrial Suppliers - - - 0.23%
 
Business Training & Employment Agencies - - - 0.10%
 
Security Services - - - 0.03%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 0.92% -
 
Diversified Industrials - - - 0.59%
 
Containers & Packaging - - - 0.26%
 
Paints & Coatings - - - 0.03%
 
Glass - - - 0.02%
 
Plastics - - - 0.01%
 
Industrial Transportation - - 0.89% -
 
Transportation Services - - - 0.20%
 
Railroads - - - 0.17%
 
Commercial Vehicle-Equipment Leasing - - - 0.15%
 
Marine Transportation - - - 0.15%
 
Delivery Services - - - 0.12%
 
Commercial Vehicles & Parts - - - 0.05%
 
Trucking - - - 0.05%
 
Railroad Equipment - - - 0.01%
 
Aerospace & Defence - - 0.69% -
 
Defense - - - 0.39%
 
Aerospace - - - 0.30%
 
Electronic & Electrical Equipment - - 0.56% -
 
Electronic Equipment: Gauges & Meters - - - 0.23%
 
Electrical Components - - - 0.22%
 
Electronic Equipment: Control & Filter - - - 0.10%
 
Electronic Equipment: Other - - - 0.02%
 
Electronic Equipment: Pollution Control - - - 0.01%
 
Industrial Engineering - - 0.49% -
 
Machinery: Industrial - - - 0.24%
 
Machinery: Construction & Handling - - - 0.11%
 
Machinery: Tools - - - 0.06%
 
Machinery: Agricultural - - - 0.05%
 
Machinery: Engines - - - 0.01%
 
Machinery: Specialty - - - 0.01%
 
Construction & Materials - 0.77% - -
 
Construction & Materials - - 0.77% -
 
Cement - - - 0.25%
 
Building Materials: Other - - - 0.18%
 
Construction - - - 0.18%
 
Engineering & Contracting Services - - - 0.06%
 
Building: Climate Control - - - 0.06%
 
Building, Roofing/Wallboard & Plumbing - - - 0.02%
 
Health Care 5.51% - - -
 
Health Care - 5.51% - -
 
Pharmaceuticals & Biotechnology - - 4.36% -
 
Pharmaceuticals - - - 4.07%
 
Biotechnology - - - 0.30%
 
Medical Equipment & Services - - 0.81% -
 
Medical Equipment - - - 0.54%
 
Medical Supplies - - - 0.24%
 
Medical Services - - - 0.02%
 
Health Care Providers - - 0.33% -
 
Health Care Management Services - - - 0.18%
 
Health Care Services - - - 0.08%
 
Health Care Facilities - - - 0.07%
 
Consumer Discretionary 5.42% - - -
 
Consumer Products & Services - 1.66% - -
 
Personal Goods - - 0.64% -
 
Clothing & Accessories - - - 0.33%
 
Cosmetics - - - 0.12%
 
Luxury Items - - - 0.09%
 
Footwear - - - 0.08%
 
Leisure Goods - - 0.35% -
 
Electronic Entertainment - - - 0.15%
 
Consumer Electronics - - - 0.13%
 
Toys - - - 0.03%
 
Recreational Products - - - 0.02%
 
Recreational Vehicles & Boats - - - 0.02%
 
Photography - - - 0.01%
 
Consumer Services - - 0.34% -
 
Vending & Catering Service - - - 0.27%
 
Consumer Services: Misc. - - - 0.05%
 
Education Services - - - 0.01%
 
Rental & Leasing Services: Consumer - - - 0.01%
 
Funeral Parlors & Cemetery - - - 0.00%
 
Household Goods & Home Construction - - 0.34% -
 
Home Construction - - - 0.27%
 
Household Equipment & Products - - - 0.04%
 
Household Appliance - - - 0.02%
 
Household Furnishings - - - 0.01%
 
Retail - 1.14% - -
 
Retailers - - 1.14% -
 
Diversified Retailers - - - 0.70%
 
Home Improvement Retailers - - - 0.18%
 
Apparel Retailers - - - 0.13%
 
Specialty Retailers - - - 0.11%
 
Travel & Leisure - 0.93% - -
 
Travel & Leisure - - 0.93% -
 
Casinos & Gambling - - - 0.36%
 
Restaurants & Bars - - - 0.16%
 
Hotels & Motels - - - 0.15%
 
Airlines - - - 0.12%
 
Travel & Tourism - - - 0.11%
 
Recreational Services - - - 0.03%
 
Automobiles & Parts - 0.90% - -
 
Automobiles & Parts - - 0.90% -
 
Automobiles - - - 0.71%
 
Auto Parts - - - 0.15%
 
Tires - - - 0.03%
 
Auto Services - - - 0.00%
 
Media - 0.80% - -
 
Media - - 0.80% -
 
Publishing - - - 0.45%
 
Media Agencies - - - 0.22%
 
Entertainment - - - 0.07%
 
Radio & TV Broadcasters - - - 0.06%
 
Non-Classified 4.89% - - -
 
Non-Classified - 0.13% - -
 
Non-Classified - - 0.13% -
 
Non-Classified - - - 0.13%
 
Consumer Staples 4.87% - - -
 
Food, Beverage & Tobacco - 2.91% - -
 
Beverages - - 1.15% -
 
Distillers & Vintners - - - 0.78%
 
Soft Drinks - - - 0.21%
 
Brewers - - - 0.15%
 
Tobacco - - 0.96% -
 
Tobacco - - - 0.96%
 
Food Producers - - 0.80% -
 
Food Products - - - 0.74%
 
Farming, Fishing, Ranching & Plantations - - - 0.03%
 
Fruit & Grain Processing - - - 0.03%
 
Personal Care, Drug & Grocery Stores - 1.96% - -
 
Personal Care, Drug & Grocery Stores - - 1.96% -
 
Personal Products - - - 1.03%
 
Food Retailers & Wholesalers - - - 0.51%
 
Nondurable Household Products - - - 0.35%
 
Drug Retailers - - - 0.07%
 
Technology 4.85% - - -
 
Technology - 4.85% - -
 
Technology Hardware & Equipment - - 2.63% -
 
Computer Hardware - - - 1.27%
 
Semiconductors - - - 0.74%
 
Production Technology Equipment - - - 0.30%
 
Electronic Components - - - 0.28%
 
Electronic Office Equipment - - - 0.04%
 
Software & Computer Services - - 2.22% -
 
Software - - - 1.07%
 
Consumer Digital Services - - - 0.84%
 
Computer Services - - - 0.31%
 
Cash and Equivalents 3.72% - - -
 
Basic Materials 3.13% - - -
 
Basic Resources - 2.36% - -
 
Industrial Metals & Mining - - 2.15% -
 
General Mining - - - 1.82%
 
Iron & Steel - - - 0.20%
 
Copper - - - 0.06%
 
Metal Fabricating - - - 0.04%
 
Aluminum - - - 0.02%
 
Nonferrous Metals - - - 0.02%
 
Precious Metals & Mining - - 0.15% -
 
Gold Mining - - - 0.12%
 
Platinum & Precious Metals - - - 0.02%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.07% -
 
Paper - - - 0.05%
 
Forestry - - - 0.01%
 
Diversified Materials - - - 0.01%
 
Textile Products - - - 0.00%
 
Chemicals - 0.76% - -
 
Chemicals - - 0.76% -
 
Chemicals: Diversified - - - 0.43%
 
Specialty Chemicals - - - 0.28%
 
Fertilizers - - - 0.03%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Energy 1.66% - - -
 
Energy - 1.66% - -
 
Non-Renewable Energy - - 1.60% -
 
Integrated Oil & Gas - - - 1.07%
 
Oil: Crude Producers - - - 0.20%
 
Oil Refining and Marketing - - - 0.17%
 
Pipelines - - - 0.07%
 
Oil Equipment & Services - - - 0.06%
 
Coal - - - 0.03%
 
Offshore Drilling & Other Services - - - 0.01%
 
Renewable Energy - - 0.06% -
 
Renewable Energy Equipment - - - 0.06%
 
Alternative Fuels - - - 0.00%
 
Real Estate 1.58% - - -
 
Real Estate - 1.58% - -
 
Real Estate Investment Trusts - - 1.06% -
 
Diversified REITs - - - 0.21%
 
Retail REITs - - - 0.20%
 
Industrial REITs - - - 0.17%
 
Residential REITs - - - 0.13%
 
Office REITs - - - 0.12%
 
Other Specialty REITs - - - 0.07%
 
Health Care REITs - - - 0.06%
 
Storage REITs - - - 0.05%
 
Infrastructure REITs - - - 0.05%
 
Hotel & Lodging REITs - - - 0.01%
 
Timber REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.52% -
 
Real Estate Holding and Development - - - 0.43%
 
Real Estate Services - - - 0.09%
 
Utilities 1.53% - - -
 
Utilities - 1.53% - -
 
Gas, Water & Multi-utilities - - 0.77% -
 
Multi-Utilities - - - 0.52%
 
Water - - - 0.17%
 
Gas Distribution - - - 0.07%
 
Electricity - - 0.72% -
 
Conventional Electricity - - - 0.63%
 
Alternative Electricity - - - 0.09%
 
Waste & Disposal Services - - 0.04% -
 
Waste & Disposal Services - - - 0.04%
 
Telecommunications 1.31% - - -
 
Telecommunications - 1.31% - -
 
Telecommunications Service Providers - - 1.17% -
 
Telecommunications Services - - - 1.11%
 
Cable Television Services - - - 0.06%
 
Telecommunications Equipment - - 0.14% -
 
Telecommunications Equipment - - - 0.14%
 
Alternative Trading Strategies 0.33% - - -
 
Alternative Trading Strategies - 0.33% - -
 
Alternative Trading Strategies - - 0.33% -
 
Alternative Trading Strategies - - - 0.33%

Regional Allocation

pie chart
  UK 29.79%
  North America 21.22%
  Developed Europe - Excl UK 17.99%
  Emerging Asia 8.23%
  Non-Classified 7.16%
  Cash and Equivalents 3.84%
  Developed Asia 3.05%
  Australia & New Zealand 3.03%
  Japan 3.00%
  Other Regions 2.68%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 49.87%
  Pound Sterling 19.93%
  US Dollar 14.23%
  Euro 6.71%
  Cash 3.15%
  Unrecognised 1.09%
  Other Currencies 5.00%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 29.79% -
 
United Kingdom - 29.80%
 
Jersey - 0.00%
 
North America 21.22% -
 
United States - 20.58%
 
Canada - 0.63%
 
Bermuda - 0.01%
 
Developed Europe - Excl UK 17.99% -
 
France - 3.64%
 
Netherlands - 2.98%
 
Germany - 2.95%
 
Switzerland - 1.69%
 
Luxembourg - 1.35%
 
Ireland - 1.31%
 
Italy - 0.85%
 
Sweden - 0.78%
 
Spain - 0.67%
 
Denmark - 0.46%
 
Finland - 0.40%
 
Belgium - 0.37%
 
Norway - 0.21%
 
Austria - 0.18%
 
Portugal - 0.07%
 
Iceland - 0.05%
 
Emerging Asia 8.23% -
 
South Korea - 3.12%
 
Indonesia - 0.97%
 
India - 0.90%
 
Malaysia - 0.79%
 
Thailand - 0.76%
 
China - 0.67%
 
Philippines - 0.51%
 
Taiwan - 0.40%
 
Uzbekistan - 0.02%
 
Mongolia - 0.02%
 
Pakistan - 0.01%
 
Sri Lanka - 0.01%
 
Viet Nam - 0.01%
 
Armenia - 0.01%
 
Kazakhstan - 0.01%
 
Azerbaijan - 0.01%
 
Georgia - 0.01%
 
Tajikistan - 0.00%
 
Macau - 0.00%
 
Papua New Guinea - 0.00%
 
Non-Classified 7.16% -
 
Cash and Equivalents 3.84% -
 
Developed Asia 3.05% -
 
Hong Kong - 1.65%
 
Singapore - 1.40%
 
Australia & New Zealand 3.03% -
 
Australia - 2.91%
 
New Zealand - 0.14%
 
Japan 3.00% -
 
Japan - 3.00%
 
South & Central America 1.10% -
 
Mexico - 0.66%
 
Brazil - 0.23%
 
Colombia - 0.04%
 
Chile - 0.03%
 
Dominican Republic - 0.02%
 
Uruguay - 0.02%
 
Peru - 0.02%
 
Guatemala - 0.02%
 
Argentina - 0.01%
 
Paraguay - 0.01%
 
Honduras - 0.01%
 
Bolivia - 0.01%
 
Ecuador - 0.01%
 
Cayman Islands - 0.00%
 
Jamaica - 0.00%
 
Venezuela - 0.00%
 
El Salvador - 0.00%
 
Property 0.79% -
 
Middle East & Africa 0.54% -
 
South Africa - 0.14%
 
Saudi Arabia - 0.11%
 
Qatar - 0.05%
 
United Arab Emirates - 0.04%
 
Israel - 0.04%
 
Kuwait - 0.02%
 
Morocco - 0.01%
 
Egypt - 0.01%
 
Nigeria - 0.01%
 
Gabon - 0.01%
 
Cote D'Ivoire - 0.01%
 
Jordan - 0.01%
 
Oman - 0.01%
 
Senegal - 0.01%
 
Benin - 0.01%
 
Iraq - 0.01%
 
Cameroon - 0.01%
 
Kenya - 0.01%
 
Rwanda - 0.01%
 
Ghana - 0.01%
 
Mozambique - 0.01%
 
Angola - 0.00%
 
Zambia - 0.00%
 
Emerging Europe 0.24% -
 
Czech Republic - 0.09%
 
Poland - 0.06%
 
Turkey - 0.02%
 
Serbia - 0.01%
 
Macedonia, The Former Yugoslav Republic Of - 0.01%
 
Romania - 0.01%
 
Ukraine - 0.01%
 
Greece - 0.01%
 
Hungary - 0.01%
 
Bosnia and Herzegowina - 0.01%
 
Albania - 0.01%
 
Russian Federation - 0.00%
 
Australia & New Zealand 0.02% -

Breakdown By Market Cap (%)

Mega
 
 
26.56%
Large
 
 
10.14%
Medium
 
 
5.14%
Small
 
 
0.94%
Micro
 
 
0.15%
Non-Classified
 
 
6.37%
Bonds
 
 
46.97%
Cash
 
 
3.72%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
14.64%
5Yr - 10Yr Maturity
 
 
14.31%
10Yr - 15Yr Maturity
 
 
4.16%
> 15Yr Maturity
 
 
13.85%
Cash And Equivalents
 
 
3.72%
Unknown Maturity
 
 
4.80%
Other Asset Types
 
 
44.51%

Fixed Interest Quality Profile

AAA
 
 
4.21%
AA
 
 
5.53%
A
 
 
8.20%
BBB
 
 
12.31%
Sub-Investment Grade
 
 
5.81%
Unknown Quality
 
 
10.91%
Cash and Equivalents
 
 
3.72%
Other Asset Types
 
 
49.30%

Top 10 Fund Holdings

Name % Weight Sector Country
1 BlackRock Aquila UK Equity Index S2 (HP) 19.96% Managed Funds Managed Funds
2 M&G PP All Stocks Corporate Bond Institutional Acc 17.20% Managed Funds Managed Funds
3 Eastspring US Corporate Bond Class EG (hedged) 9.01% Managed Funds Managed Funds
4 BlackRock Aquila US Equity S2 (HP) 7.34% Managed Funds Managed Funds
5 BlackRock Aquila European Equity S2 (HP) 6.97% Managed Funds Managed Funds
6 BlackRock Aquila Pacific Rim Equity S2 (HP) 6.79% Managed Funds Managed Funds
7 M&G PP High Yield Corporate Bond 6.67% Managed Funds Managed Funds
8 Eastspring Asian Local Bond Class E 4.88% Managed Funds Managed Funds
9 M&G PP Total Return Credit Investment Class PP GBP 3.90% Managed Funds Managed Funds
10 M&G PP Long Dated Corporate Bond Fund 3.82% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 1.46% Pharmaceuticals & Biotechnology United Kingdom
2 SHELL 1.39% Non-Renewable Energy Non-Classified
3 1½% Treasury Gilt 2026 1.00% Bonds United Kingdom
4 HSBC HLDGS 0.94% Banks United Kingdom
5 UNILEVER 0.83% Personal Care, Drug & Grocery Stores United Kingdom
6 EURO-BOBL SEP 22 EUR Notional Cash Offset 0.79% Non-Classified Non-Classified
7 GLAXOSMITHKLINE 0.77% Pharmaceuticals & Biotechnology United Kingdom
8 BRITISH AMERICAN TOBACCO 0.70% Tobacco United Kingdom
9 DIAGEO 0.70% Beverages United Kingdom
10 BP 0.65% Non-Renewable Energy United Kingdom

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 BSPBV99
Mex Code VNAAAE
Isin Code GB00BSPBV992
Citi Code M41S

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 20% of its assets in equities but not more than 55%. 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).
ABI Sector Mixed Investment 20-60% Shares

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

Lower to Medium Risk

These funds may invest in corporate bonds or multi-asset strategies with a higher weighting in corporate bonds (and other comparable strategies).

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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.