Prudential North America Equity Passive 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 12.2% 13.5% 9.3% 27.5% 0.2%
Benchmark 12.5% 14.1% 10.9% 27.3% -0.4%

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 -9.2% 11.8% 12.2% 15.3%
Benchmark -9.5% 12.0% 12.5% 15.4%

Top 10 Holdings

Stock % Weight
APPLE 6.00
MICROSOFT CORP 5.53
AMAZON.COM 2.72
ALPHABET INC 1.88
ALPHABET INC 1.72
TESLA INC 1.64
BERKSHIRE HATHAWAY INC 1.44
UNITEDHEALTH GROUP INCORPORATED 1.36
JOHNSON & JOHNSON 1.34
META PLATFORMS INC 1.06
Total 24.70

Fund Aims

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

Underlying Fund Objective: The fund invests in the shares of North American companies. The fund is passively managed against its benchmark, the FTSE World North America Index. The fund tracks the index by holding all the larger companies in the index, together with a representative sample of the remainder of the companies in the index.

Performance Objective: To match the performance of the benchmark as closely as possible.

Fund Manager

Richard O'Connor manager of the underlying fund for 17 years and 1 months

Photo of Richard O'Connor Richard O’Connor joined Prudential Group in July 2002 and is an index fund manager with responsibility for some 15 funds. He is also fund manager of the M&G Global Real Estate Securities Fund. He joined the business from Goldman Sachs where he worked as a consultant to the fixed income derivatives department. Prior to this, he was with Standard Corporate & Merchant Bank Asset Management (South Africa) in a research analyst role, which he held for more than three years. Richard graduated with an honours degree in investment management from Rand Afrikaans University and a bachelor of commerce degree from the University of Natal.

Fund Overview

Daily price (15/08/2022) 825.40
Fund size (30/06/2022) £36.94m
Underlying Fund size £0.00m
Number of holdings 521
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 31/03/2004

Asset Allocation

pie chart
  International Equities 97.82%
  Property 1.42%
  Cash and Equivalents 0.25%
  UK Equities 0.19%
  International Bonds 0.09%
  Other Assets 0.23%

Commentary

Performance as at Q1 2022 - The first quarter of 2022 presented US investors with many reasons to be wary of holding shares. Not only did inflation hit levels not seen for 40 years, prompting the Federal Reserve to raise interest rates for the first time since 2018, with many more hikes predicted, but Russia launched an invasion of Ukraine. Investors now have to consider what effect the conflict, and the sanctions imposed on Russia, might have on the global economy. US stockmarkets fell during the quarter, with falls led by the technology-dominated Nasdaq, although losses were reduced by strong rallies late in March. In terms of sectors, the biggest falls were suffered by technology and consumer discretionary companies, while energy producers rallied strongly, helped by surging oil prices. Canada's stockmarket, however, delivered a positive return, boosted by higher commodity prices.

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 2019. 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
  International Equities 97.82%
  Property 1.42%
  Cash and Equivalents 0.25%
  UK Equities 0.19%
  International Bonds 0.09%
  Other Assets 0.23%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 26.75% - - -
 
Technology - 26.75% - -
 
Software & Computer Services - - 15.45% -
 
Software - - - 9.39%
 
Consumer Digital Services - - - 5.12%
 
Computer Services - - - 0.95%
 
Technology Hardware & Equipment - - 11.30% -
 
Computer Hardware - - - 6.26%
 
Semiconductors - - - 4.11%
 
Production Technology Equipment - - - 0.55%
 
Electronic Components - - - 0.37%
 
Health Care 13.74% - - -
 
Health Care - 13.74% - -
 
Pharmaceuticals & Biotechnology - - 6.97% -
 
Pharmaceuticals - - - 6.46%
 
Biotechnology - - - 0.51%
 
Cannabis Producers - - - 0.00%
 
Medical Equipment & Services - - 4.16% -
 
Medical Equipment - - - 3.39%
 
Medical Supplies - - - 0.65%
 
Medical Services - - - 0.12%
 
Health Care Providers - - 2.61% -
 
Health Care Management Services - - - 2.25%
 
Health Care Services - - - 0.22%
 
Health Care Facilities - - - 0.14%
 
Consumer Discretionary 13.05% - - -
 
Retail - 6.29% - -
 
Retailers - - 6.29% -
 
Diversified Retailers - - - 4.40%
 
Home Improvement Retailers - - - 1.17%
 
Specialty Retailers - - - 0.43%
 
Apparel Retailers - - - 0.28%
 
Automobiles & Parts - 2.20% - -
 
Automobiles & Parts - - 2.20% -
 
Automobiles - - - 1.90%
 
Auto Parts - - - 0.30%
 
Travel & Leisure - 1.89% - -
 
Travel & Leisure - - 1.89% -
 
Restaurants & Bars - - - 1.28%
 
Travel & Tourism - - - 0.29%
 
Hotels & Motels - - - 0.23%
 
Casinos & Gambling - - - 0.06%
 
Airlines - - - 0.02%
 
Recreational Services - - - 0.01%
 
Consumer Products & Services - 1.62% - -
 
Personal Goods - - 0.66% -
 
Footwear - - - 0.36%
 
Cosmetics - - - 0.16%
 
Clothing & Accessories - - - 0.14%
 
Consumer Services - - 0.37% -
 
Consumer Services: Misc. - - - 0.37%
 
Leisure Goods - - 0.34% -
 
Electronic Entertainment - - - 0.34%
 
Household Goods & Home Construction - - 0.25% -
 
Household Appliance - - - 0.15%
 
Home Construction - - - 0.07%
 
Household Equipment & Products - - - 0.03%
 
Media - 1.05% - -
 
Media - - 1.05% -
 
Entertainment - - - 0.68%
 
Radio & TV Broadcasters - - - 0.23%
 
Media Agencies - - - 0.08%
 
Publishing - - - 0.06%
 
Financials 11.99% - - -
 
Banks - 4.76% - -
 
Banks - - 4.76% -
 
Banks - - - 4.76%
 
Financial Services - 4.70% - -
 
Investment Banking & Brokerage Services - - 3.97% -
 
Diversified Financial Services - - - 1.56%
 
Investment Services - - - 1.40%
 
Asset Managers & Custodians - - - 1.01%
 
Finance & Credit Services - - 0.67% -
 
Financial Data & Systems - - - 0.67%
 
Mortgage Real Estate Investment Trusts - - 0.06% -
 
Mortgage REITs: Residential - - - 0.04%
 
Mortgage REITs: Diversified - - - 0.02%
 
Insurance - 2.52% - -
 
Non-life Insurance - - 1.87% -
 
Property & Casualty Insurance - - - 1.08%
 
Insurance Brokers - - - 0.50%
 
Full Line Insurance - - - 0.18%
 
Reinsurance - - - 0.12%
 
Life Insurance - - 0.65% -
 
Life Insurance - - - 0.65%
 
Industrials 11.63% - - -
 
Industrial Goods & Services - 11.24% - -
 
Industrial Support Services - - 4.19% -
 
Transaction Processing Services - - - 2.94%
 
Professional Business Support Services - - - 1.14%
 
Industrial Suppliers - - - 0.09%
 
Business Training & Employment Agencies - - - 0.03%
 
Industrial Transportation - - 2.03% -
 
Railroads - - - 1.08%
 
Delivery Services - - - 0.51%
 
Trucking - - - 0.23%
 
Commercial Vehicles & Parts - - - 0.12%
 
Railroad Equipment - - - 0.06%
 
Transportation Services - - - 0.04%
 
General Industrials - - 1.70% -
 
Diversified Industrials - - - 1.42%
 
Paints & Coatings - - - 0.21%
 
Containers & Packaging - - - 0.06%
 
Aerospace & Defence - - 1.60% -
 
Aerospace - - - 1.17%
 
Defense - - - 0.43%
 
Electronic & Electrical Equipment - - 0.86% -
 
Electronic Equipment: Control & Filter - - - 0.44%
 
Electronic Equipment: Gauges & Meters - - - 0.24%
 
Electronic Equipment: Other - - - 0.13%
 
Electronic Equipment: Pollution Control - - - 0.06%
 
Industrial Engineering - - 0.85% -
 
Machinery: Construction & Handling - - - 0.30%
 
Machinery: Agricultural - - - 0.22%
 
Machinery: Industrial - - - 0.14%
 
Machinery: Engines - - - 0.12%
 
Machinery: Tools - - - 0.06%
 
Construction & Materials - 0.40% - -
 
Construction & Materials - - 0.40% -
 
Building: Climate Control - - - 0.17%
 
Building Materials: Other - - - 0.17%
 
Engineering & Contracting Services - - - 0.06%
 
Consumer Staples 5.94% - - -
 
Food, Beverage & Tobacco - 3.59% - -
 
Beverages - - 1.74% -
 
Soft Drinks - - - 1.53%
 
Brewers - - - 0.11%
 
Distillers & Vintners - - - 0.09%
 
Food Producers - - 1.20% -
 
Food Products - - - 0.96%
 
Fruit & Grain Processing - - - 0.14%
 
Farming, Fishing, Ranching & Plantations - - - 0.10%
 
Tobacco - - 0.65% -
 
Tobacco - - - 0.65%
 
Personal Care, Drug & Grocery Stores - 2.35% - -
 
Personal Care, Drug & Grocery Stores - - 2.35% -
 
Personal Products - - - 1.27%
 
Drug Retailers - - - 0.60%
 
Food Retailers & Wholesalers - - - 0.36%
 
Nondurable Household Products - - - 0.13%
 
Energy 5.00% - - -
 
Energy - 5.00% - -
 
Non-Renewable Energy - - 4.87% -
 
Integrated Oil & Gas - - - 2.09%
 
Oil: Crude Producers - - - 1.14%
 
Pipelines - - - 0.75%
 
Oil Refining and Marketing - - - 0.43%
 
Oil Equipment & Services - - - 0.37%
 
Offshore Drilling & Other Services - - - 0.09%
 
Renewable Energy - - 0.13% -
 
Renewable Energy Equipment - - - 0.13%
 
Utilities 3.29% - - -
 
Utilities - 3.29% - -
 
Electricity - - 2.20% -
 
Conventional Electricity - - - 2.20%
 
Gas, Water & Multi-utilities - - 0.74% -
 
Multi-Utilities - - - 0.63%
 
Water - - - 0.07%
 
Gas Distribution - - - 0.04%
 
Waste & Disposal Services - - 0.36% -
 
Waste & Disposal Services - - - 0.36%
 
Telecommunications 2.96% - - -
 
Telecommunications - 2.96% - -
 
Telecommunications Service Providers - - 2.24% -
 
Telecommunications Services - - - 1.47%
 
Cable Television Services - - - 0.77%
 
Telecommunications Equipment - - 0.71% -
 
Telecommunications Equipment - - - 0.71%
 
Real Estate 2.93% - - -
 
Real Estate - 2.93% - -
 
Real Estate Investment Trusts - - 2.78% -
 
Infrastructure REITs - - - 0.65%
 
Industrial REITs - - - 0.40%
 
Retail REITs - - - 0.32%
 
Other Specialty REITs - - - 0.30%
 
Health Care REITs - - - 0.28%
 
Residential REITs - - - 0.25%
 
Office REITs - - - 0.16%
 
Hotel & Lodging REITs - - - 0.15%
 
Timber REITs - - - 0.14%
 
Storage REITs - - - 0.14%
 
Real Estate Investment & Services - - 0.16% -
 
Real Estate Services - - - 0.16%
 
Basic Materials 2.15% - - -
 
Chemicals - 1.29% - -
 
Chemicals - - 1.29% -
 
Chemicals: Diversified - - - 0.82%
 
Specialty Chemicals - - - 0.28%
 
Fertilizers - - - 0.18%
 
Basic Resources - 0.86% - -
 
Precious Metals & Mining - - 0.40% -
 
Gold Mining - - - 0.40%
 
Industrial Metals & Mining - - 0.35% -
 
Copper - - - 0.14%
 
Iron & Steel - - - 0.13%
 
Metal Fabricating - - - 0.09%
 
Industrial Materials - - 0.10% -
 
Paper - - - 0.05%
 
Diversified Materials - - - 0.05%
 
Cash and Equivalents 0.25% - - -
 
Non-Classified 0.23% - - -
 
Bonds 0.09% - - -

Regional Allocation

pie chart
  North America 95.28%
  Developed Europe - Excl UK 2.57%
  Property 1.42%
  Cash and Equivalents 0.25%
  UK 0.19%
  Non-Classified 0.13%
  Australia & New Zealand 0.08%
  Middle East & Africa 0.07%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 99.66%
  Cash 0.25%
  US Dollar 0.09%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 95.28% -
 
United States - 90.60%
 
Canada - 4.68%
 
Developed Europe - Excl UK 2.57% -
 
Ireland - 2.02%
 
Switzerland - 0.33%
 
Netherlands - 0.19%
 
Luxembourg - 0.03%
 
Property 1.42% -
 
Cash and Equivalents 0.25% -
 
UK 0.19% -
 
United Kingdom - 0.19%
 
Non-Classified 0.13% -
 
Australia & New Zealand 0.08% -
 
New Caledonia - 0.08%
 
Middle East & Africa 0.07% -
 
Israel - 0.07%

Breakdown By Market Cap (%)

Mega
 
 
75.95%
Large
 
 
18.24%
Medium
 
 
2.02%
Small
 
 
0.02%
Micro
 
 
0.03%
Non-Classified
 
 
3.40%
Bonds
 
 
0.09%
Cash
 
 
0.25%

Top 10 Holdings

Stock % Weight Sector Country
1 APPLE 6.00% Technology Hardware & Equipment United States
2 MICROSOFT CORP 5.53% Software & Computer Services United States
3 AMAZON.COM 2.72% Retailers United States
4 ALPHABET INC 1.88% Software & Computer Services United States
5 ALPHABET INC 1.72% Software & Computer Services United States
6 TESLA INC 1.64% Automobiles & Parts United States
7 BERKSHIRE HATHAWAY INC 1.44% Investment Banking & Brokerage Services United States
8 UNITEDHEALTH GROUP INCORPORATED 1.36% Health Care Providers United States
9 JOHNSON & JOHNSON 1.34% Pharmaceuticals & Biotechnology United States
10 META PLATFORMS INC 1.06% Software & Computer Services United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 0.08% 26.67% - - - - - - 26.75%
Telecommunications 0.04% 2.92% - - - - - - 2.96%
Financials - 11.97% - - - 0.02% - - 11.99%
Real Estate - 1.54% - - - 1.40% - - 2.93%
Consumer Discretionary - 13.05% - 0.09% - - 0.18% - 13.32%
Consumer Staples 0.08% 5.86% - - - - - - 5.94%
Energy - 5.00% - - - - - - 5.00%
Utilities - 3.29% - - - - 0.05% - 3.34%
Health Care - 13.74% - - - - 0.01% - 13.75%
Industrials - 11.63% - - - - - - 11.63%
Basic Materials - 2.15% - - - - - - 2.15%
Cash and Equivalents - - - - - - - 0.25% 0.25%
Non-Classified - - - - - - - - -

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 2019. 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.

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 Passive Fund - the underlying fund. Underlying Fund Objective: The fund invests in the shares of North American companies. The fund is passively managed against its benchmark, the FTSE World North America Index. The fund tracks the index by holding all the larger companies in the index, together with a representative sample of the remainder of the companies in the index. Performance Objective: To match the performance of the benchmark as closely as possible.
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 2019. 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

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 2019. 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.