Prudential Baillie Gifford UK Equity Core S3
Performance
Discrete performance - to latest available quarter end
| 30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
30/06/24 to 30/06/25 |
|
|---|---|---|---|---|---|
| Fund | 25.5% | -12.0% | 7.5% | 10.3% | 11.7% |
| Benchmark | 21.5% | 1.6% | 7.9% | 13.0% | 11.2% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 2 2025 |
3 Years to 30/06/25 |
5 Years to 30/06/25 |
10 Years to 30/06/25 |
|
| Fund | 6.2% | 9.8% | 7.9% | 6.2% |
| Benchmark | 4.4% | 10.7% | 10.8% | 6.8% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BABCOCK INTERNATIONAL GROUP | 4.38 |
| RELX | 3.88 |
| ASTRAZENECA | 3.88 |
| STANDARD CHARTERED | 3.77 |
| PRUDENTIAL | 3.60 |
| MARKS & SPENCER GROUP P.L.C. | 3.53 |
| LEGAL & GENERAL GROUP | 3.51 |
| UNILEVER | 3.49 |
| ST. JAMES'S PLACE | 3.38 |
| AUTO TRADER GROUP | 3.32 |
| Total | 36.75 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Baillie Gifford UK Equity Core Fund - the underlying fund.
Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives.
Fund Manager
Iain is the head of our UK Equity Team and lead manager of the UK Core Strategy. He is also the joint manager on our flagship Managed Strategy, which he has been involved in since 2000. Iain joined Baillie Gifford in 1994 and became a partner of the firm in 2005. He has previously spent time on the US Equities Team. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently qualified as a Chartered Accountant.
Fund Overview
| Daily price (19/08/2025) | 499.67 |
| Fund size (30/06/2025) | £7.67m |
| Underlying Fund size | £203.23m |
| Number of holdings | 56 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 05/04/2004 |
Asset Allocation
| UK Equities | 98.33% | |
| Property | 1.67% |
Commentary
Performance as at Q2 2025 -The largest relative contributors to performance included Babcock, St James Place and Shaftesbury Capital.
Babcock’s original investment thesis was centred on the turnaround story – believed new management could address prior financial and cultural challenges and transform the profitability of this international defence company. Impressed with the progress that it has made, while recent rhetoric around increases in defence spending has given a further lift to the company’s fortunes such as, the UK’s Defence Spending Review leaned more towards nuclear than anticipated, where Babcock is a key player.
St James Place enjoyed positive momentum in markets this quarter. Its share price has returned to mid-Q1 levels when positive updates were received by investors, before concerns about economic growth began to weigh. A more constructive outlook has seemed to restore confidence.
Shaftesbury Capital also enjoyed a good quarter. It owns a unique and highly attractive portfolio of retail, restaurants, office and residential properties in the West End of London, notably in Covent Garden, Chinatown and Carnaby Street. The business recently agreed to sell 25 per cent of its Covent Garden estate at the stated net asset value. This validates the valuation of the business and also gives the management the additional fire power to make acquisitions in other parts of its portfolio.
Largest Relative Detractors - Holdings in Bunzl, Just Group, and Breedon Group.
Bunzl - Multinational distributor and outsourcing company Bunzl was the largest detractor to returns in the quarter. The company released a profit warning in April, driven by a change in pricing policy in the US, its largest market. Subsequently met with the CEO who explained that the decision to centralise decision-making around pricing hasn’t worked for the broad range of market segments Bunzl services in the US.
Just Group, the retirement income solutions provider, was the largest detractor in the portfolio. Its shares fell following a strong bounce from mid-April - having been impacted like many companies by the uncertainty created by the tariff announcements.
Breedon Group was another of the larger detractors. The building aggregates and cement business has successfully grown through acquisitions in the UK, with an entry into the US more recently offering future growth potential. In the short term, continued weaker demand in the UK and poor weather in the US have had an impact.
Considering the economic backdrop and the potential impact of tariffs, while the most extreme scenarios seem to have been taken off the table, we can’t hide from the fact there will be an effect. The average tariff level imposed by the US will still be far higher than the recent past and this, all else equal, will be a drag on economic growth. Economic data is proving resilient, but some activity has been brought forward and businesses face an uncertain outlook, making decisions on capital investment challenging. It may be that markets have gotten ahead of themselves a little with the recent momentum. A more positive take is that equities may do well in an environment where growth is reasonably resilient, inflation is low and interest rates falling.
As regular readers will know well, the fund managers place little faith in their ability to predict the direction of markets over the short term. And they certainly don’t own ‘the market’. Your portfolio contains businesses which they believe, with a high degree of confidence, will grow in the next five to ten years. And that growth will not depend on changes in economic data readings from quarter to quarter, or the whims of a mercurial US president. The fund managers continue to resolutely focus on the things that will matter, such as the strength of business models and the ability of management teams to execute strategy.
Source: Baillie Gifford
Important Information
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is intended for the advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 98.33% | |
| Property | 1.67% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 26.62% | - | - | - | |
| Industrial Goods & Services | - | 22.49% | - | - | |
| Industrial Support Services | - | - | 6.56% | - | |
| Professional Business Support Services | - | - | - | 2.85% | |
| Transaction Processing Services | - | - | - | 1.49% | |
| Industrial Suppliers | - | - | - | 1.38% | |
| Business Training & Employment Agencies | - | - | - | 0.83% | |
| Industrial Engineering | - | - | 4.71% | - | |
| Machinery: Construction & Handling | - | - | - | 2.88% | |
| Machinery: Industrial | - | - | - | 1.83% | |
| Aerospace & Defence | - | - | 4.38% | - | |
| Defense | - | - | - | 4.38% | |
| General Industrials | - | - | 2.43% | - | |
| Diversified Industrials | - | - | - | 2.43% | |
| Electronic & Electrical Equipment | - | - | 2.24% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.24% | |
| Industrial Transportation | - | - | 2.17% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 2.17% | |
| Construction & Materials | - | 4.13% | - | - | |
| Construction & Materials | - | - | 4.13% | - | |
| Building Materials: Other | - | - | - | 2.94% | |
| Engineering & Contracting Services | - | - | - | 1.19% | |
| Financials | 23.90% | - | - | - | |
| Insurance | - | 13.68% | - | - | |
| Life Insurance | - | - | 9.96% | - | |
| Life Insurance | - | - | - | 9.96% | |
| Non-life Insurance | - | - | 3.71% | - | |
| Property & Casualty Insurance | - | - | - | 2.23% | |
| Full Line Insurance | - | - | - | 1.48% | |
| Financial Services | - | 6.15% | - | - | |
| Investment Banking & Brokerage Services | - | - | 6.15% | - | |
| Asset Managers & Custodians | - | - | - | 6.15% | |
| Banks | - | 4.07% | - | - | |
| Banks | - | - | 4.07% | - | |
| Banks | - | - | - | 4.07% | |
| Consumer Discretionary | 15.31% | - | - | - | |
| Retail | - | 6.23% | - | - | |
| Retailers | - | - | 6.23% | - | |
| Specialty Retailers | - | - | - | 3.46% | |
| Home Improvement Retailers | - | - | - | 2.76% | |
| Consumer Products & Services | - | 5.60% | - | - | |
| Household Goods & Home Construction | - | - | 2.56% | - | |
| Home Construction | - | - | - | 2.56% | |
| Leisure Goods | - | - | 1.82% | - | |
| Toys | - | - | - | 1.82% | |
| Personal Goods | - | - | 1.21% | - | |
| Clothing & Accessories | - | - | - | 1.21% | |
| Media | - | 2.68% | - | - | |
| Media | - | - | 2.68% | - | |
| Media Agencies | - | - | - | 2.68% | |
| Travel & Leisure | - | 0.80% | - | - | |
| Travel & Leisure | - | - | 0.80% | - | |
| Travel & Tourism | - | - | - | 0.80% | |
| Consumer Staples | 10.84% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 7.84% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 7.84% | - | |
| Food Retailers & Wholesalers | - | - | - | 4.35% | |
| Personal Products | - | - | - | 3.49% | |
| Food, Beverage & Tobacco | - | 3.00% | - | - | |
| Beverages | - | - | 2.13% | - | |
| Distillers & Vintners | - | - | - | 2.13% | |
| Food Producers | - | - | 0.87% | - | |
| Food Products | - | - | - | 0.87% | |
| Technology | 7.54% | - | - | - | |
| Technology | - | 7.54% | - | - | |
| Software & Computer Services | - | - | 7.54% | - | |
| Computer Services | - | - | - | 3.88% | |
| Consumer Digital Services | - | - | - | 3.32% | |
| Software | - | - | - | 0.34% | |
| Health Care | 7.17% | - | - | - | |
| Health Care | - | 7.17% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.17% | - | |
| Pharmaceuticals | - | - | - | 6.27% | |
| Biotechnology | - | - | - | 0.91% | |
| Real Estate | 5.25% | - | - | - | |
| Real Estate | - | 5.25% | - | - | |
| Real Estate Investment & Services | - | - | 2.70% | - | |
| Real Estate Services | - | - | - | 2.70% | |
| Real Estate Investment Trusts | - | - | 2.55% | - | |
| Diversified REITs | - | - | - | 1.67% | |
| Office REITs | - | - | - | 0.88% | |
| Basic Materials | 3.11% | - | - | - | |
| Basic Resources | - | 3.11% | - | - | |
| Industrial Metals & Mining | - | - | 3.11% | - | |
| General Mining | - | - | - | 3.11% | |
| Energy | 0.26% | - | - | - | |
| Energy | - | 0.26% | - | - | |
| Non-Renewable Energy | - | - | 0.26% | - | |
| Oil: Crude Producers | - | - | - | 0.26% | |
| Cash and Equivalents | 0.00% | - | - | - | |
Regional Allocation
| UK | 98.33% | |
| Property | 1.67% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 98.33% | - | |
United Kingdom
|
- | 98.33% | |
| Property | 1.67% | - | |
Breakdown By Market Cap (%)
| Mega |
|
25.12% |
| Large |
|
24.32% |
| Medium |
|
42.10% |
| Small |
|
7.91% |
| Micro |
|
0.26% |
| Non-Classified |
|
0.28% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BABCOCK INTERNATIONAL GROUP | 4.38% | Aerospace & Defence | United Kingdom |
| 2 | RELX | 3.88% | Software & Computer Services | United Kingdom |
| 3 | ASTRAZENECA | 3.88% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | STANDARD CHARTERED | 3.77% | Banks | United Kingdom |
| 5 | PRUDENTIAL | 3.60% | Life Insurance | United Kingdom |
| 6 | MARKS & SPENCER GROUP P.L.C. | 3.53% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 7 | LEGAL & GENERAL GROUP | 3.51% | Life Insurance | United Kingdom |
| 8 | UNILEVER | 3.49% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 9 | ST. JAMES'S PLACE | 3.38% | Investment Banking & Brokerage Services | United Kingdom |
| 10 | AUTO TRADER GROUP | 3.32% | Software & Computer Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 7.54% | - | - | - | - | - | - | - | 7.54% |
| Financials | 23.90% | - | - | - | - | - | - | - | 23.90% |
| Real Estate | 3.58% | - | - | - | - | 1.67% | - | - | 5.25% |
| Consumer Discretionary | 15.31% | - | - | - | - | - | - | - | 15.31% |
| Consumer Staples | 10.84% | - | - | - | - | - | - | - | 10.84% |
| Energy | 0.26% | - | - | - | - | - | - | - | 0.26% |
| Health Care | 7.17% | - | - | - | - | - | - | - | 7.17% |
| Industrials | 26.62% | - | - | - | - | - | - | - | 26.62% |
| Basic Materials | 3.11% | - | - | - | - | - | - | - | 3.11% |
| Cash and Equivalents | - | - | - | - | - | - | - | - | - |
Important Information
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 intended for the advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 3420188 |
| Mex Code | PUPAC |
| Isin Code | GB0034201888 |
| Citi Code | P552 |
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 Baillie Gifford UK Equity Core Fund - the underlying fund. Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives. |
| Benchmark | FTSE All-Share Index + 1% |
| ABI Sector | UK All Companies |
Important Information
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 intended for the advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.11 |
| Beta | 1.06 |
| Sharpe | 0.41 |
| Standard Deviation | 12.49 |
| Info Ratio | 0.03 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
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 risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is intended for the advisers 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. You should refer to your client's 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 infomation 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.
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 advisers 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. You should refer to your client's 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 infomation or make any warranties regarding results from its usage.
Important Information
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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is intended for the advisers 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. You should refer to your client's 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 infomation 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.