Prudential North America Equity Index S3
Performance
Discrete performance - to latest available quarter end
| 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 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 42.1% | 19.9% | -2.3% | 25.4% | 2.8% |
| Benchmark | 42.8% | 19.7% | -2.5% | 26.8% | 6.3% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 1 2025 |
3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
|
| Fund | -9.7% | 8.0% | 16.5% | 13.1% |
| Benchmark | -6.9% | 9.5% | 17.5% | 13.8% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| MICROSOFT CORPORATION | 6.45 |
| APPLE | 6.00 |
| NVIDIA CORPORATION | 5.80 |
| AMAZON.COM | 4.03 |
| ALPHABET | 2.49 |
| ALPHABET | 2.01 |
| META PLATFORMS | 1.95 |
| MASTERCARD INCORPORATED | 1.81 |
| TESLA | 1.66 |
| BROADCOM | 1.63 |
| Total | 33.82 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP North America Equity Index Fund – the underlying fund.
Underlying fund objective :The fund aims to have similar risk-return characteristics as the FTSE North America Index. The fund gains its exposure via the M&G (ACS) BlackRock US Equity Fund and the M&G (ACS) BlackRock Canada Equity Fund. The underlying funds aim to be fully invested in the equity securities and equity related securities of companies that are constituents of the S&P 500 Index and the FTSE Canada Index respectively. Within the index-relative limits, the Investment Manager uses a structured and systematic, bottom up stock selection process to build a portfolio with similar risk-return characteristics as the index in order to meet the fund’s investment objectives. In addition to the fund’s objective, the Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well.
Performance Objective: The funds aim to provide a total return (i.e. capital growth plus income),gross of the Ongoing Charges Figure, over any three year period.
Fund Manager
BlackRock Team Managed
Fund Overview
| Daily price (06/06/2025) | 1040.40 |
| Fund size (30/04/2025) | £41.81m |
| Underlying Fund size | £42.26m |
| Number of holdings | 242 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 31/03/2004 |
Asset Allocation
| International Equities | 96.65% | |
| Property | 1.41% | |
| Cash and Equivalents | 1.29% | |
| Other Assets | 0.65% |
Commentary
Performance as at Q1 2025 - The US equity market experienced a sharp decline in the first quarter of the year, with Information Technology, Financials, and Consumer Discretionary struggling amid growing fears of recession and increased US-China competition in technology. In late January, the release of Artificial Intelligence (AI) software from Chinese company, DeepSeek, led to a widespread sell-off in US tech names. US banks and Communication Services also posted negative price returns, as investors revised earnings growth opportunities from lending and advertising in the event of a recession. The Federal Reserve kept interest rates steady, while inflation eased to 2.4% in March, and the US dollar depreciated by over 3% against the British pound. Canadian equities also fell in the first quarter, triggered by the announcement of a 25% tariff on Canadian imports by President Trump. Canadian banks experienced the steepest decline, and e-commerce company Shopify fell by over 11%, dragging down the Information Technology. Inflation fell to 2.3% in March, whilst the Bank of Canada lowered its policy rate to 2.75%. The Fund declined by (-9.7%) in the first quarter, an underperformance of (-2.8%) compared to benchmark. Timing differences between the fund and benchmark returns impacted the relative performance. The remaining underperformance was driven by US stock selection within Financials, Consumer Staples, and Information Technology. Sustainability considerations detracted, as companies with higher ESG scores broadly lagged. Within Financials, a large underweight in Berkshire Hathaway and overweight in Ameriprise Finance Inc. detracted, as did excluded companies. It was a similar theme with Canadian stocks, in Financials and Information Technology, where stock selection based on ESG factors drove overweight positions in poor performing banks, such as Bank of Montreal and Royal Bank of Canada. Active risk and liquidity profiles remained within target ranges. The Fund achieved a higher Brand Strength Index (BSI) Intel score and improved sustainability characteristics compared to its benchmark.
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: 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.
Asset Allocation
| International Equities | 96.65% | |
| Property | 1.41% | |
| Cash and Equivalents | 1.29% | |
| Other Assets | 0.65% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 33.05% | - | - | - | |
| Technology | - | 33.05% | - | - | |
| Software & Computer Services | - | - | 16.99% | - | |
| Software | - | - | - | 9.13% | |
| Consumer Digital Services | - | - | - | 6.78% | |
| Computer Services | - | - | - | 1.07% | |
| Technology Hardware & Equipment | - | - | 16.06% | - | |
| Semiconductors | - | - | - | 8.70% | |
| Computer Hardware | - | - | - | 6.21% | |
| Production Technology Equipment | - | - | - | 0.88% | |
| Electronic Components | - | - | - | 0.27% | |
| Consumer Discretionary | 13.55% | - | - | - | |
| Retail | - | 7.48% | - | - | |
| Retailers | - | - | 7.48% | - | |
| Diversified Retailers | - | - | - | 5.64% | |
| Apparel Retailers | - | - | - | 1.46% | |
| Specialty Retailers | - | - | - | 0.34% | |
| Home Improvement Retailers | - | - | - | 0.05% | |
| Travel & Leisure | - | 2.23% | - | - | |
| Travel & Leisure | - | - | 2.23% | - | |
| Restaurants & Bars | - | - | - | 1.11% | |
| Travel & Tourism | - | - | - | 0.73% | |
| Hotels & Motels | - | - | - | 0.36% | |
| Airlines | - | - | - | 0.03% | |
| Automobiles & Parts | - | 1.70% | - | - | |
| Automobiles & Parts | - | - | 1.70% | - | |
| Automobiles | - | - | - | 1.67% | |
| Auto Parts | - | - | - | 0.03% | |
| Media | - | 1.07% | - | - | |
| Media | - | - | 1.07% | - | |
| Media Agencies | - | - | - | 0.86% | |
| Entertainment | - | - | - | 0.21% | |
| Consumer Products & Services | - | 1.07% | - | - | |
| Consumer Services | - | - | 0.61% | - | |
| Consumer Services: Misc. | - | - | - | 0.61% | |
| Personal Goods | - | - | 0.45% | - | |
| Footwear | - | - | - | 0.30% | |
| Clothing & Accessories | - | - | - | 0.14% | |
| Cosmetics | - | - | - | 0.01% | |
| Financials | 13.16% | - | - | - | |
| Financial Services | - | 6.15% | - | - | |
| Investment Banking & Brokerage Services | - | - | 4.51% | - | |
| Investment Services | - | - | - | 1.77% | |
| Asset Managers & Custodians | - | - | - | 1.70% | |
| Diversified Financial Services | - | - | - | 1.04% | |
| Finance & Credit Services | - | - | 1.65% | - | |
| Financial Data & Systems | - | - | - | 1.65% | |
| Banks | - | 4.27% | - | - | |
| Banks | - | - | 4.27% | - | |
| Banks | - | - | - | 4.27% | |
| Insurance | - | 2.74% | - | - | |
| Non-life Insurance | - | - | 2.39% | - | |
| Insurance Brokers | - | - | - | 1.15% | |
| Full Line Insurance | - | - | - | 0.70% | |
| Property & Casualty Insurance | - | - | - | 0.54% | |
| Life Insurance | - | - | 0.35% | - | |
| Life Insurance | - | - | - | 0.35% | |
| Industrials | 10.83% | - | - | - | |
| Industrial Goods & Services | - | 10.36% | - | - | |
| Industrial Support Services | - | - | 4.46% | - | |
| Transaction Processing Services | - | - | - | 2.50% | |
| Professional Business Support Services | - | - | - | 1.96% | |
| Aerospace & Defence | - | - | 1.79% | - | |
| Aerospace | - | - | - | 1.79% | |
| Electronic & Electrical Equipment | - | - | 1.21% | - | |
| Electronic Equipment: Pollution Control | - | - | - | 0.68% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.53% | |
| General Industrials | - | - | 1.15% | - | |
| Diversified Industrials | - | - | - | 1.13% | |
| Containers & Packaging | - | - | - | 0.03% | |
| Industrial Transportation | - | - | 0.95% | - | |
| Railroads | - | - | - | 0.46% | |
| Delivery Services | - | - | - | 0.41% | |
| Railroad Equipment | - | - | - | 0.09% | |
| Industrial Engineering | - | - | 0.79% | - | |
| Machinery: Engines | - | - | - | 0.64% | |
| Machinery: Industrial | - | - | - | 0.15% | |
| Construction & Materials | - | 0.47% | - | - | |
| Construction & Materials | - | - | 0.47% | - | |
| Building: Climate Control | - | - | - | 0.43% | |
| Building Materials: Other | - | - | - | 0.05% | |
| Health Care | 10.17% | - | - | - | |
| Health Care | - | 10.17% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.16% | - | |
| Pharmaceuticals | - | - | - | 5.07% | |
| Biotechnology | - | - | - | 0.09% | |
| Medical Equipment & Services | - | - | 3.21% | - | |
| Medical Equipment | - | - | - | 2.97% | |
| Medical Supplies | - | - | - | 0.24% | |
| Health Care Providers | - | - | 1.80% | - | |
| Health Care Management Services | - | - | - | 1.80% | |
| Energy | 3.75% | - | - | - | |
| Energy | - | 3.75% | - | - | |
| Non-Renewable Energy | - | - | 3.69% | - | |
| Oil Equipment & Services | - | - | - | 1.13% | |
| Pipelines | - | - | - | 1.09% | |
| Oil Refining and Marketing | - | - | - | 0.66% | |
| Integrated Oil & Gas | - | - | - | 0.61% | |
| Oil: Crude Producers | - | - | - | 0.20% | |
| Renewable Energy | - | - | 0.05% | - | |
| Alternative Fuels | - | - | - | 0.05% | |
| Consumer Staples | 3.72% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.23% | - | - | |
| Beverages | - | - | 1.58% | - | |
| Soft Drinks | - | - | - | 1.58% | |
| Food Producers | - | - | 0.65% | - | |
| Food Products | - | - | - | 0.65% | |
| Personal Care, Drug & Grocery Stores | - | 1.49% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.49% | - | |
| Personal Products | - | - | - | 0.91% | |
| Food Retailers & Wholesalers | - | - | - | 0.42% | |
| Nondurable Household Products | - | - | - | 0.12% | |
| Drug Retailers | - | - | - | 0.04% | |
| Utilities | 3.35% | - | - | - | |
| Utilities | - | 3.35% | - | - | |
| Electricity | - | - | 2.40% | - | |
| Conventional Electricity | - | - | - | 2.40% | |
| Waste & Disposal Services | - | - | 0.70% | - | |
| Waste & Disposal Services | - | - | - | 0.70% | |
| Gas, Water & Multi-utilities | - | - | 0.25% | - | |
| Multi-Utilities | - | - | - | 0.25% | |
| Telecommunications | 2.31% | - | - | - | |
| Telecommunications | - | 2.31% | - | - | |
| Telecommunications Service Providers | - | - | 1.20% | - | |
| Telecommunications Services | - | - | - | 1.20% | |
| Telecommunications Equipment | - | - | 1.11% | - | |
| Telecommunications Equipment | - | - | - | 1.11% | |
| Basic Materials | 2.16% | - | - | - | |
| Chemicals | - | 1.53% | - | - | |
| Chemicals | - | - | 1.53% | - | |
| Chemicals: Diversified | - | - | - | 1.28% | |
| Specialty Chemicals | - | - | - | 0.18% | |
| Fertilizers | - | - | - | 0.08% | |
| Basic Resources | - | 0.62% | - | - | |
| Precious Metals & Mining | - | - | 0.48% | - | |
| Gold Mining | - | - | - | 0.48% | |
| Industrial Materials | - | - | 0.10% | - | |
| Diversified Materials | - | - | - | 0.10% | |
| Industrial Metals & Mining | - | - | 0.04% | - | |
| General Mining | - | - | - | 0.04% | |
| Real Estate | 1.98% | - | - | - | |
| Real Estate | - | 1.98% | - | - | |
| Real Estate Investment Trusts | - | - | 1.98% | - | |
| Retail REITs | - | - | - | 0.66% | |
| Timber REITs | - | - | - | 0.45% | |
| Industrial REITs | - | - | - | 0.37% | |
| Health Care REITs | - | - | - | 0.31% | |
| Office REITs | - | - | - | 0.07% | |
| Residential REITs | - | - | - | 0.05% | |
| Infrastructure REITs | - | - | - | 0.05% | |
| Hotel & Lodging REITs | - | - | - | 0.02% | |
| Cash and Equivalents | 1.29% | - | - | - | |
| Non-Classified | 0.69% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 92.40% | |
| Developed Europe - Excl UK | 4.13% | |
| Property | 1.41% | |
| Cash and Equivalents | 1.29% | |
| Non-Classified | 0.65% | |
| Australia & New Zealand | 0.12% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.38% | |
| Cash | 0.39% | |
| US Dollar | 0.23% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 92.40% | - | |
United States
|
- | 87.44% | |
Canada
|
- | 4.95% | |
| Developed Europe - Excl UK | 4.13% | - | |
Ireland
|
- | 4.08% | |
Netherlands
|
- | 0.06% | |
| Property | 1.41% | - | |
| Cash and Equivalents | 1.29% | - | |
| Non-Classified | 0.65% | - | |
| Australia & New Zealand | 0.12% | - | |
New Caledonia
|
- | 0.12% | |
Breakdown By Market Cap (%)
| Mega |
|
77.38% |
| Large |
|
13.71% |
| Medium |
|
0.88% |
| Non-Classified |
|
6.74% |
| Cash |
|
1.29% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | MICROSOFT CORPORATION | 6.45% | Software & Computer Services | United States |
| 2 | APPLE | 6.00% | Technology Hardware & Equipment | United States |
| 3 | NVIDIA CORPORATION | 5.80% | Technology Hardware & Equipment | United States |
| 4 | AMAZON.COM | 4.03% | Retailers | United States |
| 5 | ALPHABET | 2.49% | Software & Computer Services | United States |
| 6 | ALPHABET | 2.01% | Software & Computer Services | United States |
| 7 | META PLATFORMS | 1.95% | Software & Computer Services | United States |
| 8 | MASTERCARD INCORPORATED | 1.81% | Industrial Support Services | United States |
| 9 | TESLA | 1.66% | Automobiles & Parts | United States |
| 10 | BROADCOM | 1.63% | Technology Hardware & Equipment | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 33.05% | - | - | - | - | - | - | 33.05% |
| Telecommunications | - | 2.31% | - | - | - | - | - | - | 2.31% |
| Financials | - | 13.16% | - | - | - | - | - | - | 13.16% |
| Real Estate | - | 0.57% | - | - | - | 1.41% | - | - | 1.98% |
| Consumer Discretionary | - | 13.55% | - | - | - | - | - | - | 13.55% |
| Consumer Staples | - | 3.72% | - | - | - | - | - | - | 3.72% |
| Energy | - | 3.75% | - | - | - | - | - | - | 3.75% |
| Utilities | - | 3.35% | - | - | - | - | - | - | 3.35% |
| Health Care | - | 10.17% | - | - | - | - | - | - | 10.17% |
| Industrials | - | 10.83% | - | - | - | - | - | - | 10.83% |
| Basic Materials | - | 2.16% | - | - | - | - | - | - | 2.16% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.29% | 1.29% |
| Non-Classified | - | 0.04% | - | - | - | - | 0.65% | - | 0.69% |
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: 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 | 3424812 |
| Mex Code | PUYOU |
| Isin Code | GB0034248129 |
| Citi Code | P546 |
Fund Charges
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP North America Equity Index Fund – the underlying fund. Underlying fund objective :The fund aims to have similar risk-return characteristics as the FTSE North America Index. The fund gains its exposure via the M&G (ACS) BlackRock US Equity Fund and the M&G (ACS) BlackRock Canada Equity Fund. The underlying funds aim to be fully invested in the equity securities and equity related securities of companies that are constituents of the S&P 500 Index and the FTSE Canada Index respectively. Within the index-relative limits, the Investment Manager uses a structured and systematic, bottom up stock selection process to build a portfolio with similar risk-return characteristics as the index in order to meet the fund’s investment objectives. In addition to the fund’s objective, the Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well. Performance Objective: The funds aim to provide a total return (i.e. capital growth plus income),gross of the Ongoing Charges Figure, over any three year period. |
| Benchmark | FTSE World North America Index |
| ABI Sector | North America Equities |
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: 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
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
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: 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.