LF Prudential Risk Managed Passive 3 Class R Acc

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

Performance

Discrete performance - to last month end

30/06/15
to
30/06/16
30/06/16
to
30/06/17
30/06/17
to
30/06/18
30/06/18
to
30/06/19
30/06/19
to
30/06/20
Fund 4.4% 14.3% 2.9% 4.3% 1.2%
Benchmark 1.9% 11.9% 2.4% 2.9% -0.6%

Annualised performance

Annualised
3 Years to
30/06/20
5 Years to
30/06/20
10 Years to
30/06/20
Fund 2.8% 5.3% n/a
Benchmark 1.6% 3.6% 4.8%

Top 10 Holdings

Stock % Weight
FTSE 100 IDX FUT JUN20 0.97
ASTRAZENECA 0.79
NASDAQ 100 E-MINI JUN20 0.77
EURO STOXX 50 JUN20 0.73
TAIWAN SEMICONDUCTOR MANUFACTURING 0.72
HSBC HLDGS 0.61
GLAXOSMITHKLINE 0.60
BRITISH AMERICAN TOBACCO 0.50
BP 0.46
DIAGEO 0.46
Total 6.61

Fund Aims

The Sub-fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 12%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 12%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.

Fund Manager

Philip Butler manager for 3 years and 8 months

Photo of Philip Butler Phil Butler, CFA, is Portfolio Manager at M&G, part of the Treasury and Investment Office (T&IO formerly PPMG). The Investment Office is the fiduciary manager of Prudential UK&E Assets managing the retail saving solutions, legacy annuity products, with-profits policies and unit-linked solutions of Prudential UK&E. Phil is the lead portfolio manager of the LF Prudential Risk Managed Active and Passive fund ranges as well as the Groups Unit Linked business; managing over £6bn in assets. Phil provides cover on a wider £100bn+ of multi-asset funds, including PruFund. Phil joined the Investment Office in late 2011 to become a member of the Multi-Asset Portfolio Management Team and specialises in the management of the unitised multi-asset funds. Prior to this, Phil was part of M&Gs Investment graduate scheme rotating through various specialist investment teams in different asset classes across the company. Before M&G, he spent 13 months at the Bank of England as a research assistant whilst completing his Banking and International Finance BSc at Cass Business School. Phil is governed by M&G Investment Management under the FCA’s Certification Regime and is a CFA charter holder.

Fund Overview

Mid (07/07/2020) 163.23p
Historic yield 1.84%
Fund size (31/05/2020) £318.13m
Number of holdings 15971
Entry Charge 0.00%
Ongoing Charges 0.50%
Launch date 03/08/2012

Asset Allocation

pie chart
  International Bonds 34.31%
  International Equities 25.00%
  UK Equities 11.72%
  UK Corporate Bonds 10.96%
  Cash and Equivalents 7.69%
  Alternative Trading Strategies 2.38%
  Other Assets 7.95%

Performance comment

Economic Summary - June 2020

The Covid-19 pandemic continues to dominate news headlines with the focus shifting from lockdown concerns to the challenges presented through easing lockdown measures.

Equities continued their upward trajectory in May but at a more moderate pace reminding us of the challenging backdrop. Sentiment was buoyed by optimism about potential vaccines and the significant fall in infection rate across major European economies. The UK infection rate remains high, however.

The UK, Q1 GDP fell 2% (quarter on quarter) the worst outcome since 2008 but plans are in place to gradually open more sectors of the economy. However, daily infection rates will need to be monitored very closely over the next couple of weeks. Over the month the FTSE All Share returned 3.4% and the 10-year gilt is around 0.2%.

In the US, April unemployment rate reached 14.7%, the highest in post-war history and is expected to continue to worsen with the second quarter GDP expected to be worse than Q1, which registered a drop of 5%. Consensus estimates indicate a 34% annualised drop in GDP next quarter, according to Bloomberg. The were no adjustments to policy by the Fed this month but the Fed Chair signalled reluctance to using negative rates given downside effects on the banking sector.

In Europe, an EU wide recovery plan was announced which will allow the European commission to borrow an equivalent of 5.4% of EU GDP, funded by EU budgetary resources. This should help countries to access funding without having to issue more of their own debt (especially for counties with high debt such as Italy).

Significant uncertainty remains over the path of the economy and asset markets. It is still unclear when economies can fully and sustainably reopen.

Risk Managed Passive - Tactical asset allocation activity

At the end of May the portfolio manager retains a small overweight position in equities, focused primarily in US equities and in particular the information technology focused index, the Nasdaq 100, due to its attractive defensive characteristics at present. The neutral position in global high yield was gradually moved to overweight as the combination of Federal Reserve support and well compensated spreads. UK and European investment grade bonds remain a small underweight and the cash position continues to reduce but remains positive.

Source: Prudential

Portfolio data accurate as at: 31/05/20
Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 34.31%
  International Equities 25.00%
  UK Equities 11.72%
  UK Corporate Bonds 10.96%
  Cash and Equivalents 7.69%
  Alternative Trading Strategies 2.38%
  Other Assets 7.95%

Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 45.74% - - -
 
Financials 8.04% - - -
 
Financial Services - 3.24% - -
 
Equity Investment Instruments - - 1.87% -
 
Equity Investment Instruments - - - 1.87%
 
Investment Banking & Brokerage Services - - 1.22% -
 
Investment Services - - - 0.56%
 
Diversified Financial Services - - - 0.35%
 
Asset Managers & Custodians - - - 0.30%
 
Finance & Credit Services - - 0.15% -
 
Mortgage Finance - - - 0.07%
 
Financial Data & Systems - - - 0.05%
 
Consumer Lending - - - 0.03%
 
Nonequity Investment Instruments - - 0.00% -
 
Nonequity Investment Instruments - - - 0.00%
 
Banks - 3.11% - -
 
Banks - - 3.11% -
 
Banks - - - 3.11%
 
Insurance - 1.69% - -
 
Life Insurance - - 0.96% -
 
Life Insurance - - - 0.96%
 
Non-life Insurance - - 0.72% -
 
Property & Casualty Insurance - - - 0.31%
 
Full Line Insurance - - - 0.24%
 
Reinsurance - - - 0.15%
 
Insurance Brokers - - - 0.02%
 
Non-Classified 6.06% - - -
 
Non-Classified - 2.64% - -
 
Non-Classified - - 2.64% -
 
Non-Classified - - - 2.64%
 
Cash and Equivalents 5.45% - - -
 
Technology 4.84% - - -
 
Technology - 4.84% - -
 
Technology Hardware & Equipment - - 2.86% -
 
Semiconductors - - - 1.26%
 
Computer Hardware - - - 0.97%
 
Electronic Components - - - 0.38%
 
Production Technology Equipment - - - 0.21%
 
Electronic Office Equipment - - - 0.05%
 
Software & Computer Services - - 1.97% -
 
Consumer Digital Services - - - 0.91%
 
Software - - - 0.80%
 
Computer Services - - - 0.25%
 
Consumer Discretionary 4.60% - - -
 
Consumer Products & Services - 1.43% - -
 
Personal Goods - - 0.48% -
 
Clothing & Accessories - - - 0.21%
 
Cosmetics - - - 0.12%
 
Footwear - - - 0.10%
 
Luxury Items - - - 0.05%
 
Household Goods & Home Construction - - 0.36% -
 
Home Construction - - - 0.27%
 
Household Equipment & Products - - - 0.07%
 
Household Appliance - - - 0.01%
 
Household Furnishings - - - 0.01%
 
Leisure Goods - - 0.34% -
 
Electronic Entertainment - - - 0.12%
 
Consumer Electronics - - - 0.11%
 
Photography - - - 0.05%
 
Toys - - - 0.03%
 
Recreational Products - - - 0.02%
 
Recreational Vehicles & Boats - - - 0.01%
 
Consumer Services - - 0.26% -
 
Vending & Catering Service - - - 0.16%
 
Consumer Services: Misc. - - - 0.07%
 
Education Services - - - 0.03%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Funeral Parlors & Cemetery - - - 0.00%
 
Retail - 1.19% - -
 
Retailers - - 1.19% -
 
Diversified Retailers - - - 0.75%
 
Apparel Retailers - - - 0.16%
 
Home Improvement Retailers - - - 0.15%
 
Specialty Retailers - - - 0.13%
 
Travel & Leisure - 0.73% - -
 
Travel & Leisure - - 0.73% -
 
Casinos & Gambling - - - 0.27%
 
Restaurants & Bars - - - 0.16%
 
Travel & Tourism - - - 0.11%
 
Airlines - - - 0.08%
 
Hotels & Motels - - - 0.08%
 
Recreational Services - - - 0.03%
 
Automobiles & Parts - 0.65% - -
 
Automobiles & Parts - - 0.65% -
 
Automobiles - - - 0.47%
 
Auto Parts - - - 0.12%
 
Tires - - - 0.06%
 
Auto Services - - - 0.00%
 
Media - 0.60% - -
 
Media - - 0.60% -
 
Publishing - - - 0.32%
 
Media Agencies - - - 0.13%
 
Entertainment - - - 0.10%
 
Radio & TV Broadcasters - - - 0.06%
 
Industrials 4.59% - - -
 
Industrial Goods & Services - 3.89% - -
 
Industrial Support Services - - 1.12% -
 
Professional Business Support Services - - - 0.38%
 
Transaction Processing Services - - - 0.32%
 
Industrial Suppliers - - - 0.23%
 
Security Services - - - 0.09%
 
Business Training & Employment Agencies - - - 0.08%
 
Forms & Bulk Printing Services - - - 0.01%
 
Industrial Transportation - - 0.74% -
 
Railroads - - - 0.21%
 
Transportation Services - - - 0.20%
 
Delivery Services - - - 0.09%
 
Commercial Vehicle-Equipment Leasing - - - 0.08%
 
Marine Transportation - - - 0.07%
 
Commercial Vehicles & Parts - - - 0.05%
 
Trucking - - - 0.04%
 
Railroad Equipment - - - 0.01%
 
General Industrials - - 0.73% -
 
Diversified Industrials - - - 0.48%
 
Containers & Packaging - - - 0.16%
 
Plastics - - - 0.04%
 
Paints & Coatings - - - 0.03%
 
Glass - - - 0.01%
 
Electronic & Electrical Equipment - - 0.46% -
 
Electronic Equipment: Gauges & Meters - - - 0.20%
 
Electrical Components - - - 0.17%
 
Electronic Equipment: Control & Filter - - - 0.06%
 
Electronic Equipment: Other - - - 0.02%
 
Electronic Equipment: Pollution Control - - - 0.01%
 
Aerospace & Defence - - 0.42% -
 
Defense - - - 0.22%
 
Aerospace - - - 0.20%
 
Industrial Engineering - - 0.42% -
 
Machinery: Industrial - - - 0.26%
 
Machinery: Construction & Handling - - - 0.10%
 
Machinery: Tools - - - 0.03%
 
Machinery: Agricultural - - - 0.02%
 
Machinery: Engines - - - 0.01%
 
Machinery: Specialty - - - 0.00%
 
Construction & Materials - 0.70% - -
 
Construction & Materials - - 0.70% -
 
Building Materials: Other - - - 0.30%
 
Construction - - - 0.18%
 
Cement - - - 0.10%
 
Engineering & Contracting Services - - - 0.05%
 
Building: Climate Control - - - 0.05%
 
Building, Roofing/Wallboard & Plumbing - - - 0.02%
 
Health Care 4.48% - - -
 
Health Care - 4.48% - -
 
Pharmaceuticals & Biotechnology - - 3.47% -
 
Pharmaceuticals - - - 3.15%
 
Biotechnology - - - 0.33%
 
Medical Equipment & Services - - 0.72% -
 
Medical Equipment - - - 0.48%
 
Medical Supplies - - - 0.22%
 
Medical Services - - - 0.02%
 
Health Care Providers - - 0.29% -
 
Health Care Management Services - - - 0.11%
 
Health Care Facilities - - - 0.09%
 
Health Care Services - - - 0.08%
 
Health Care: Misc. - - - 0.01%
 
Consumer Staples 4.12% - - -
 
Food, Beverage & Tobacco - 2.49% - -
 
Food Producers - - 0.93% -
 
Food Products - - - 0.84%
 
Farming, Fishing, Ranching & Plantations - - - 0.06%
 
Fruit & Grain Processing - - - 0.03%
 
Sugar - - - 0.00%
 
Beverages - - 0.84% -
 
Distillers & Vintners - - - 0.54%
 
Soft Drinks - - - 0.17%
 
Brewers - - - 0.13%
 
Tobacco - - 0.71% -
 
Tobacco - - - 0.71%
 
Personal Care, Drug & Grocery Stores - 1.63% - -
 
Personal Care, Drug & Grocery Stores - - 1.63% -
 
Personal Products - - - 0.63%
 
Food Retailers & Wholesalers - - - 0.62%
 
Nondurable Household Products - - - 0.31%
 
Drug Retailers - - - 0.06%
 
Miscellaneous Consumer Staple Goods - - - 0.01%
 
Alternative Trading Strategies 2.38% - - -
 
Alternative Trading Strategies - 2.38% - -
 
Alternative Trading Strategies - - 2.38% -
 
Alternative Trading Strategies - - - 2.38%
 
Basic Materials 2.30% - - -
 
Basic Resources - 1.56% - -
 
Industrial Metals & Mining - - 1.26% -
 
General Mining - - - 0.99%
 
Iron & Steel - - - 0.17%
 
Metal Fabricating - - - 0.04%
 
Copper - - - 0.03%
 
Nonferrous Metals - - - 0.02%
 
Aluminum - - - 0.02%
 
Precious Metals & Mining - - 0.17% -
 
Gold Mining - - - 0.15%
 
Platinum & Precious Metals - - - 0.02%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.13% -
 
Paper - - - 0.09%
 
Textile Products - - - 0.02%
 
Diversified Materials - - - 0.01%
 
Forestry - - - 0.01%
 
Chemicals - 0.74% - -
 
Chemicals - - 0.74% -
 
Chemicals: Diversified - - - 0.44%
 
Specialty Chemicals - - - 0.25%
 
Fertilizers - - - 0.03%
 
Chemicals & Synthetic Fibers - - - 0.02%
 
Energy 2.11% - - -
 
Energy - 2.11% - -
 
Non-Renewable Energy - - 2.08% -
 
Integrated Oil & Gas - - - 1.65%
 
Oil Refining and Marketing - - - 0.15%
 
Oil: Crude Producers - - - 0.14%
 
Oil Equipment & Services - - - 0.06%
 
Pipelines - - - 0.05%
 
Coal - - - 0.02%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.03% -
 
Renewable Energy Equipment - - - 0.03%
 
Alternative Fuels - - - 0.00%
 
Commodities 1.58% - - -
 
Commodities - 1.58% - -
 
Commodities - - 1.58% -
 
Commodities - - - 1.58%
 
Telecommunications 1.39% - - -
 
Telecommunications - 1.39% - -
 
Telecommunications Service Providers - - 1.20% -
 
Telecommunications Services - - - 1.13%
 
Cable Television Services - - - 0.07%
 
Telecommunications Equipment - - 0.19% -
 
Telecommunications Equipment - - - 0.19%
 
Utilities 1.35% - - -
 
Utilities - 1.35% - -
 
Electricity - - 0.67% -
 
Conventional Electricity - - - 0.58%
 
Alternative Electricity - - - 0.08%
 
Gas, Water & Multi-utilities - - 0.66% -
 
Multi-Utilities - - - 0.41%
 
Water - - - 0.15%
 
Gas Distribution - - - 0.11%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Real Estate 0.97% - - -
 
Real Estate - 0.97% - -
 
Real Estate Investment & Services - - 0.54% -
 
Real Estate Holding and Development - - - 0.50%
 
Real Estate Services - - - 0.04%
 
Real Estate Investment Trusts - - 0.43% -
 
Retail REITs - - - 0.12%
 
Diversified REITs - - - 0.09%
 
Residential REITs - - - 0.07%
 
Office REITs - - - 0.06%
 
Storage REITs - - - 0.03%
 
Industrial REITs - - - 0.03%
 
Health Care REITs - - - 0.02%
 
Infrastructure REITs - - - 0.01%
 
Other Specialty REITs - - - 0.00%
 
Timber REITs - - - 0.00%
 
Hotel & Lodging REITs - - - 0.00%

Regional Allocation

pie chart
  UK 23.15%
  North America 22.25%
  Developed Europe - Excl UK 21.66%
  Non-Classified 10.74%
  Cash and Equivalents 5.80%
  Emerging Asia 5.63%
  Other Regions 10.77%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 46.58%
  Pound Sterling 20.79%
  US Dollar 16.64%
  Euro 8.23%
  Cash 7.68%
  Australian Dollar 0.03%
  Other Currencies 0.05%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 23.15% -
 
United Kingdom - 23.15%
 
North America 22.25% -
 
United States - 21.37%
 
Canada - 0.87%
 
Bermuda - 0.01%
 
Developed Europe - Excl UK 21.66% -
 
France - 4.79%
 
Netherlands - 3.55%
 
Germany - 3.20%
 
Ireland - 2.44%
 
Luxembourg - 1.85%
 
Switzerland - 1.61%
 
Italy - 0.91%
 
Spain - 0.89%
 
Sweden - 0.76%
 
Denmark - 0.44%
 
Belgium - 0.39%
 
Finland - 0.34%
 
Norway - 0.27%
 
Austria - 0.17%
 
Portugal - 0.03%
 
Iceland - 0.01%
 
Non-Classified 10.74% -
 
Cash and Equivalents 5.80% -
 
Emerging Asia 5.63% -
 
Taiwan - 1.98%
 
South Korea - 1.46%
 
China - 0.65%
 
Thailand - 0.40%
 
India - 0.37%
 
Malaysia - 0.35%
 
Philippines - 0.23%
 
Indonesia - 0.16%
 
Kazakhstan - 0.01%
 
Papua New Guinea - 0.01%
 
Japan 3.57% -
 
Japan - 3.57%
 
Australia & New Zealand 2.47% -
 
Australia - 2.35%
 
New Zealand - 0.12%
 
Developed Asia 2.19% -
 
Hong Kong - 1.72%
 
Singapore - 0.47%
 
South & Central America 0.98% -
 
Mexico - 0.52%
 
Brazil - 0.19%
 
Colombia - 0.08%
 
Chile - 0.06%
 
Peru - 0.05%
 
Panama - 0.04%
 
Uruguay - 0.02%
 
Virgin Islands (British) - 0.02%
 
Cayman Islands - 0.01%
 
Trinidad and Tobago - 0.00%
 
Middle East & Africa 0.80% -
 
Saudi Arabia - 0.23%
 
United Arab Emirates - 0.16%
 
South Africa - 0.14%
 
Qatar - 0.14%
 
Israel - 0.05%
 
Cote D'Ivoire - 0.04%
 
Kuwait - 0.04%
 
Morocco - 0.00%
 
Egypt - 0.00%
 
Emerging Europe 0.42% -
 
Russian Federation - 0.15%
 
Czech Republic - 0.07%
 
Poland - 0.06%
 
Turkey - 0.04%
 
Hungary - 0.04%
 
Greece - 0.02%
 
Romania - 0.01%
 
Croatia - 0.01%
 
Ukraine - 0.01%
 
Lithuania - 0.00%
 
Slovakia (Slovak Republic) - 0.00%
 
Estonia - 0.00%
 
Property 0.33% -

Breakdown By Market Cap (%)

Mega
 
 
20.66%
Large
 
 
9.84%
Medium
 
 
4.55%
Small
 
 
0.53%
Micro
 
 
0.06%
Non-Classified
 
 
13.18%
Bonds
 
 
45.74%
Cash
 
 
5.45%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
15.33%
5Yr - 10Yr Maturity
 
 
14.26%
> 15Yr Maturity
 
 
12.49%
Cash And Equivalents
 
 
5.45%
10Yr - 15Yr Maturity
 
 
3.65%
Unknown Maturity
 
 
3.41%
Other Asset Types
 
 
45.41%

Fixed Interest Quality Profile

BBB
 
 
17.10%
A
 
 
11.87%
AAA
 
 
5.28%
AA
 
 
4.75%
Sub-Investment Grade
 
 
2.71%
Unknown Quality
 
 
4.03%
Cash and Equivalents
 
 
5.45%
Other Asset Types
 
 
48.81%

Top 10 Fund Holdings

Name % Weight Sector Country
1 BlackRock iShares Corporate Bond Index Class X 15.89% Managed Funds Managed Funds
2 BlackRock (Dublin) iShares US Corporate Bond Index Flex Hedged 12.90% Managed Funds Managed Funds
3 Legal & General UK Index Trust C 8.11% Managed Funds Managed Funds
4 BlackRock iShares Pacific ex Japan Equity Index Class X 7.36% Managed Funds Managed Funds
5 M&G Strategic Corporate Bond Class A GBP 6.89% Managed Funds Managed Funds
6 Legal & General European Index Trust C 6.11% Managed Funds Managed Funds
7 BlackRock iShares UK Equity Index Class X 5.82% Managed Funds Managed Funds
8 BlackRock iShares US Equity Index Class X 5.66% Managed Funds Managed Funds
9 BlackRock (Dublin) iShares Euro Investment Grade Corporate Bond Index Flex 4.90% Managed Funds Managed Funds
10 M&G Global High Yield Bond Class X GBP 3.65% Managed Funds Managed Funds

Top 10 Holdings

Stock % Weight Sector Country
1 FTSE 100 IDX FUT JUN20 0.97% Non-Classified Non-Classified
2 ASTRAZENECA 0.79% Pharmaceuticals & Biotechnology United Kingdom
3 NASDAQ 100 E-MINI JUN20 0.77% Non-Classified Non-Classified
4 EURO STOXX 50 JUN20 0.73% Non-Classified Non-Classified
5 TAIWAN SEMICONDUCTOR MANUFACTURING 0.72% Technology Hardware & Equipment Taiwan
6 HSBC HLDGS 0.61% Banks United Kingdom
7 GLAXOSMITHKLINE 0.60% Pharmaceuticals & Biotechnology United Kingdom
8 BRITISH AMERICAN TOBACCO 0.50% Tobacco United Kingdom
9 BP 0.46% Non-Renewable Energy United Kingdom
10 DIAGEO 0.46% Beverages United Kingdom

Important Information

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 FundsLibrary, 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 B3Y3Y81
Mex Code PUDAAI
Isin Code GB00B3Y3Y810
Citi Code 0ZGG

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.50%

Aims and Benchmark

Aims The Sub-fund aims to achieve long-term (in excess of 5 years) total return (the combination of income and growth of capital) by investing in a mix of assets from around the world and aims to limit the average volatility per annum over rolling 5 year periods to 12%. There is no guarantee the objective will be achieved over any time period and the actual volatility, at any time, may be higher or lower than 12%. Capital invested is at risk. There is no guarantee that the volatility target will be met and at any time the actual volatility may be higher or lower than the long-term target.
Benchmark IA Mixed Investment 20-60% shares
Benchmark Category Comparator
Sector IA Volatility Managed

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
Nisa allowable Yes
Sipp allowable Yes

Distribution Details

Income frequency Annually
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 November 31 December

Ratings

FE Crown Crown Rating of 4

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository The National Westminster Bank plc
Fund Administrator Link Fund Solutions Limited
Fund Registrar Link Fund Solutions Limited
Fund Custodian State Street Bank and Trust Company

Group Details

Group name Link Fund Solutions Limited
Group address PO Box 389, DARLINGTON, DL1 9UF
Group telephone 0345 9220044
Dealing telephone 0344 3358936
Email investorservices@linkgroup.co.uk
Homepage www.linkfundsolutions.co.uk
Fax number 0113 2246001

Dealing

Minimum Investment £500
Minimum Top Up £250
Minimum Regular Saving £50
Settlement Period: Buy 4 days
Settlement Period: Sell 4 days
Pricing Basis Forward
Dealing Decimals 2

Important Information

Ongoing charges 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 FundsLibrary, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Source of performance data: Financial Express (FE). 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 ongoing charges, but take no account of product charges. Ongoing charges 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 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 FundsLibrary, 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.