Prudential UK Equity S3
Performance
Discrete performance - to latest available quarter end
| 30/09/19 to 30/09/20 |
30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
|
|---|---|---|---|---|---|
| Fund | -14.0% | 30.2% | -12.0% | 13.9% | 13.1% |
| Benchmark | -16.6% | 27.9% | -4.0% | 13.8% | 13.4% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 3 2024 |
3 Years to 30/09/24 |
5 Years to 30/09/24 |
10 Years to 30/09/24 |
|
| Fund | 2.1% | 4.3% | 4.9% | 6.0% |
| Benchmark | 2.3% | 7.4% | 5.7% | 6.3% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 4.17 |
| HSBC HOLDINGS | 4.09 |
| UNILEVER | 3.20 |
| SHELL | 2.77 |
| BP | 2.08 |
| NATIONAL GRID | 1.98 |
| RELX | 1.66 |
| BAE SYSTEMS | 1.62 |
| GSK | 1.57 |
| LONDON STOCK EXCHANGE GROUP | 1.56 |
| Total | 24.71 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G UK Equity Fund - the underlying fund.
Underlying Fund Objective: The fund invests, via other M&G funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Derivative instruments may be used for efficient portfolio management.
Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis.
Fund Manager
With access to investment professionals around the world, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.
Fund Overview
| Daily price (19/12/2024) | 382.10 |
| Fund size (31/10/2024) | £117.72m |
| Underlying Fund size | £282.49m |
| Number of holdings | 722 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 06/04/2001 |
Asset Allocation
| UK Equities | 91.00% | |
| Property | 3.15% | |
| International Equities | 2.54% | |
| Cash and Equivalents | 1.04% | |
| Investment Trusts | 0.68% | |
| Other Assets | 1.59% |
Commentary
Performance as at Q3 2024 - The fund recorded a positive return in the third quarter and was modestly behind the benchmark. Despite bouts of volatility fueled by decelerating macroeconomic indicators, shifting global monetary policy expectations and sharp movements in the Japanese yen, world equity markets registered gains in the quarter. UK equities recorded another three-month period of positive returns and outperformed the global market (in sterling terms). However, they trailed Asian and emerging market equities. The anticipated Labour Party victory in the July general election had limited impact on financial markets. Instead, investor confidence was lifted by the relatively resilient economic backdrop – gross domestic product expanded by 0.5% in the second quarter – and progress towards the Bank of England’s (BoE) 2.0% inflation target. Investors welcomed the BoE’s decision to cut interest rates by 25 basis points in August. Sectors that are expected to benefit from falling interest rates such as utilities and real estate were among the best performers. Energy stocks declined as oil prices fell, while technology stocks also lagged. Smaller, domestically focused companies in the FTSE 250 outperformed the larger global business in the FTSE 100. During the third quarter, we changed the assets the M&G PP UK Equity Fund invests into, to potentially generate better returns in the future whilst maintaining the current risk rating. The M&G UK Equity Fund transitioned out of the positions in the M&G PP UK Equity Dividend, UK Equity Growth and Recovery funds and has invested in the M&G (ACS) Blackrock UK Equity 200 and M&G (ACS) UK Listed Equity funds.
Source: M&G
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 | 91.00% | |
| Property | 3.15% | |
| International Equities | 2.54% | |
| Cash and Equivalents | 1.04% | |
| Investment Trusts | 0.68% | |
| Other Assets | 1.59% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 22.11% | - | - | - | |
| Financial Services | - | 9.10% | - | - | |
| Investment Banking & Brokerage Services | - | - | 6.05% | - | |
| Asset Managers & Custodians | - | - | - | 5.32% | |
| Investment Services | - | - | - | 0.68% | |
| Diversified Financial Services | - | - | - | 0.05% | |
| Finance & Credit Services | - | - | 2.35% | - | |
| Financial Data & Systems | - | - | - | 1.56% | |
| Consumer Lending | - | - | - | 0.39% | |
| Mortgage Finance | - | - | - | 0.39% | |
| Equity Investment Instruments | - | - | 0.69% | - | |
| Equity Investment Instruments | - | - | - | 0.69% | |
| Nonequity Investment Instruments | - | - | 0.01% | - | |
| Nonequity Investment Instruments | - | - | - | 0.01% | |
| Banks | - | 8.38% | - | - | |
| Banks | - | - | 8.38% | - | |
| Banks | - | - | - | 8.38% | |
| Insurance | - | 4.62% | - | - | |
| Life Insurance | - | - | 2.75% | - | |
| Life Insurance | - | - | - | 2.75% | |
| Non-life Insurance | - | - | 1.87% | - | |
| Property & Casualty Insurance | - | - | - | 1.41% | |
| Full Line Insurance | - | - | - | 0.46% | |
| Consumer Discretionary | 16.30% | - | - | - | |
| Media | - | 4.75% | - | - | |
| Media | - | - | 4.75% | - | |
| Publishing | - | - | - | 2.54% | |
| Media Agencies | - | - | - | 1.82% | |
| Radio & TV Broadcasters | - | - | - | 0.38% | |
| Consumer Products & Services | - | 4.24% | - | - | |
| Household Goods & Home Construction | - | - | 2.39% | - | |
| Home Construction | - | - | - | 2.39% | |
| Household Furnishings | - | - | - | 0.00% | |
| Consumer Services | - | - | 1.22% | - | |
| Vending & Catering Service | - | - | - | 1.22% | |
| Personal Goods | - | - | 0.44% | - | |
| Luxury Items | - | - | - | 0.27% | |
| Clothing & Accessories | - | - | - | 0.17% | |
| Leisure Goods | - | - | 0.19% | - | |
| Toys | - | - | - | 0.18% | |
| Electronic Entertainment | - | - | - | 0.01% | |
| Retail | - | 3.61% | - | - | |
| Retailers | - | - | 3.61% | - | |
| Home Improvement Retailers | - | - | - | 1.28% | |
| Specialty Retailers | - | - | - | 1.16% | |
| Diversified Retailers | - | - | - | 0.90% | |
| Apparel Retailers | - | - | - | 0.27% | |
| Travel & Leisure | - | 3.51% | - | - | |
| Travel & Leisure | - | - | 3.51% | - | |
| Hotels & Motels | - | - | - | 1.51% | |
| Airlines | - | - | - | 0.71% | |
| Restaurants & Bars | - | - | - | 0.64% | |
| Travel & Tourism | - | - | - | 0.51% | |
| Recreational Services | - | - | - | 0.09% | |
| Casinos & Gambling | - | - | - | 0.06% | |
| Automobiles & Parts | - | 0.19% | - | - | |
| Automobiles & Parts | - | - | 0.19% | - | |
| Auto Parts | - | - | - | 0.10% | |
| Automobiles | - | - | - | 0.09% | |
| Industrials | 15.40% | - | - | - | |
| Industrial Goods & Services | - | 13.86% | - | - | |
| Industrial Support Services | - | - | 4.95% | - | |
| Professional Business Support Services | - | - | - | 2.36% | |
| Industrial Suppliers | - | - | - | 1.96% | |
| Business Training & Employment Agencies | - | - | - | 0.57% | |
| Security Services | - | - | - | 0.06% | |
| Transaction Processing Services | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 3.28% | - | |
| Defense | - | - | - | 2.05% | |
| Aerospace | - | - | - | 1.23% | |
| Electronic & Electrical Equipment | - | - | 1.83% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 0.73% | |
| Electrical Components | - | - | - | 0.55% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.55% | |
| General Industrials | - | - | 1.72% | - | |
| Containers & Packaging | - | - | - | 1.23% | |
| Diversified Industrials | - | - | - | 0.48% | |
| Industrial Engineering | - | - | 1.46% | - | |
| Machinery: Construction & Handling | - | - | - | 0.87% | |
| Machinery: Industrial | - | - | - | 0.56% | |
| Machinery: Specialty | - | - | - | 0.03% | |
| Industrial Transportation | - | - | 0.62% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.31% | |
| Delivery Services | - | - | - | 0.25% | |
| Transportation Services | - | - | - | 0.05% | |
| Marine Transportation | - | - | - | 0.01% | |
| Construction & Materials | - | 1.54% | - | - | |
| Construction & Materials | - | - | 1.54% | - | |
| Construction | - | - | - | 1.02% | |
| Engineering & Contracting Services | - | - | - | 0.23% | |
| Building Materials: Other | - | - | - | 0.18% | |
| Cement | - | - | - | 0.10% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.01% | |
| Consumer Staples | 11.80% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 6.98% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 6.98% | - | |
| Personal Products | - | - | - | 3.20% | |
| Food Retailers & Wholesalers | - | - | - | 2.56% | |
| Nondurable Household Products | - | - | - | 1.22% | |
| Food, Beverage & Tobacco | - | 4.82% | - | - | |
| Beverages | - | - | 3.23% | - | |
| Soft Drinks | - | - | - | 1.71% | |
| Distillers & Vintners | - | - | - | 1.52% | |
| Food Producers | - | - | 1.59% | - | |
| Food Products | - | - | - | 1.59% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Health Care | 6.78% | - | - | - | |
| Health Care | - | 6.78% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 6.02% | - | |
| Pharmaceuticals | - | - | - | 5.89% | |
| Biotechnology | - | - | - | 0.13% | |
| Medical Equipment & Services | - | - | 0.76% | - | |
| Medical Equipment | - | - | - | 0.41% | |
| Medical Supplies | - | - | - | 0.36% | |
| Energy | 5.56% | - | - | - | |
| Energy | - | 5.56% | - | - | |
| Non-Renewable Energy | - | - | 5.56% | - | |
| Integrated Oil & Gas | - | - | - | 4.85% | |
| Oil: Crude Producers | - | - | - | 0.61% | |
| Oil Equipment & Services | - | - | - | 0.08% | |
| Offshore Drilling & Other Services | - | - | - | 0.02% | |
| Basic Materials | 5.56% | - | - | - | |
| Basic Resources | - | 4.07% | - | - | |
| Industrial Metals & Mining | - | - | 3.11% | - | |
| General Mining | - | - | - | 2.43% | |
| Copper | - | - | - | 0.46% | |
| Metal Fabricating | - | - | - | 0.19% | |
| Iron & Steel | - | - | - | 0.04% | |
| Precious Metals & Mining | - | - | 0.95% | - | |
| Gold Mining | - | - | - | 0.92% | |
| Platinum & Precious Metals | - | - | - | 0.03% | |
| Diamonds & Gemstones | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.00% | - | |
| Diversified Materials | - | - | - | 0.00% | |
| Chemicals | - | 1.49% | - | - | |
| Chemicals | - | - | 1.49% | - | |
| Chemicals: Diversified | - | - | - | 1.12% | |
| Specialty Chemicals | - | - | - | 0.37% | |
| Real Estate | 5.41% | - | - | - | |
| Real Estate | - | 5.41% | - | - | |
| Real Estate Investment Trusts | - | - | 4.62% | - | |
| Diversified REITs | - | - | - | 1.33% | |
| Industrial REITs | - | - | - | 0.86% | |
| Office REITs | - | - | - | 0.82% | |
| Storage REITs | - | - | - | 0.56% | |
| Residential REITs | - | - | - | 0.43% | |
| Health Care REITs | - | - | - | 0.27% | |
| Retail REITs | - | - | - | 0.22% | |
| Other Specialty REITs | - | - | - | 0.12% | |
| Real Estate Investment & Services | - | - | 0.79% | - | |
| Real Estate Services | - | - | - | 0.57% | |
| Real Estate Holding and Development | - | - | - | 0.22% | |
| Utilities | 4.12% | - | - | - | |
| Utilities | - | 4.12% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.92% | - | |
| Multi-Utilities | - | - | - | 1.98% | |
| Water | - | - | - | 0.95% | |
| Electricity | - | - | 1.19% | - | |
| Conventional Electricity | - | - | - | 1.19% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Technology | 2.73% | - | - | - | |
| Technology | - | 2.73% | - | - | |
| Software & Computer Services | - | - | 2.70% | - | |
| Software | - | - | - | 0.93% | |
| Computer Services | - | - | - | 0.93% | |
| Consumer Digital Services | - | - | - | 0.83% | |
| Technology Hardware & Equipment | - | - | 0.03% | - | |
| Electronic Components | - | - | - | 0.03% | |
| Non-Classified | 1.89% | - | - | - | |
| Non-Classified | - | 0.12% | - | - | |
| Non-Classified | - | - | 0.12% | - | |
| Non-Classified | - | - | - | 0.12% | |
| Telecommunications | 1.31% | - | - | - | |
| Telecommunications | - | 1.31% | - | - | |
| Telecommunications Service Providers | - | - | 1.23% | - | |
| Telecommunications Services | - | - | - | 1.23% | |
| Telecommunications Equipment | - | - | 0.08% | - | |
| Telecommunications Equipment | - | - | - | 0.08% | |
| Cash and Equivalents | 1.04% | - | - | - | |
Regional Allocation
| UK | 90.88% | |
| Property | 3.24% | |
| Non-Classified | 2.46% | |
| Developed Europe - Excl UK | 1.93% | |
| Cash and Equivalents | 1.04% | |
| North America | 0.30% | |
| Middle East & Africa | 0.09% | |
| Developed Asia | 0.06% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.76% | |
| Cash | 2.23% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 90.88% | - | |
United Kingdom
|
- | 91.00% | |
| Property | 3.24% | - | |
| Non-Classified | 2.46% | - | |
| Developed Europe - Excl UK | 1.93% | - | |
Ireland
|
- | 0.98% | |
Switzerland
|
- | 0.62% | |
Spain
|
- | 0.22% | |
Netherlands
|
- | 0.08% | |
Luxembourg
|
- | 0.04% | |
| Cash and Equivalents | 1.04% | - | |
| North America | 0.30% | - | |
United States
|
- | 0.30% | |
| Middle East & Africa | 0.09% | - | |
Israel
|
- | 0.09% | |
| Developed Asia | 0.06% | - | |
Singapore
|
- | 0.06% | |
Breakdown By Market Cap (%)
| Mega |
|
32.74% |
| Large |
|
22.30% |
| Medium |
|
28.57% |
| Small |
|
4.94% |
| Micro |
|
1.14% |
| Non-Classified |
|
9.26% |
| Cash |
|
1.04% |
Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | M&G (ACS) BlackRock UK 200 Equity Fund Z2A Acc | 39.93% | Managed Funds | Managed Funds |
| 2 | M&G (ACS) BlackRock UK All Share Equity PA | 30.42% | Managed Funds | Managed Funds |
| 3 | M&G (ACS) UK Listed Equity Fund Z2A Acc | 24.89% | Managed Funds | Managed Funds |
| 4 | M&G PP UK Smaller Companies Fund | 4.01% | Managed Funds | Managed Funds |
| 5 | M&G (ACS) UK Listed Mid Cap Equity Fund Z2A Acc | 1.00% | Managed Funds | Managed Funds |
| 6 | M&G PP UK Equity Dividend | 0.02% | Managed Funds | Managed Funds |
| 7 | M&G PP UK Equity 350 Passive | 0.00% | Managed Funds | Managed Funds |
| 8 | M&G PP UK Equity Growth | 0.00% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 4.17% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | HSBC HOLDINGS | 4.09% | Banks | United Kingdom |
| 3 | UNILEVER | 3.20% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 4 | SHELL | 2.77% | Non-Renewable Energy | United Kingdom |
| 5 | BP | 2.08% | Non-Renewable Energy | United Kingdom |
| 6 | NATIONAL GRID | 1.98% | Gas, Water & Multi-utilities | United Kingdom |
| 7 | RELX | 1.66% | Media | United Kingdom |
| 8 | BAE SYSTEMS | 1.62% | Aerospace & Defence | United Kingdom |
| 9 | GSK | 1.57% | Pharmaceuticals & Biotechnology | United Kingdom |
| 10 | LONDON STOCK EXCHANGE GROUP | 1.56% | Finance & Credit 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 | 2.73% | - | - | - | - | - | - | - | 2.73% |
| Telecommunications | 1.31% | - | - | - | - | - | - | - | 1.31% |
| Financials | 21.33% | 0.09% | - | - | - | - | 0.68% | - | 22.11% |
| Real Estate | 2.29% | - | - | - | - | 3.12% | - | - | 5.41% |
| Consumer Discretionary | 16.04% | 0.26% | - | - | - | - | - | - | 16.30% |
| Consumer Staples | 11.04% | 0.75% | - | - | - | - | - | - | 11.80% |
| Energy | 5.56% | - | - | - | - | - | - | - | 5.56% |
| Utilities | 4.12% | - | - | - | - | - | - | - | 4.12% |
| Health Care | 6.78% | - | - | - | - | - | - | - | 6.78% |
| Industrials | 14.22% | 1.17% | - | - | - | - | 0.08% | - | 15.47% |
| Basic Materials | 5.46% | 0.10% | - | - | - | - | - | - | 5.56% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.04% | 1.04% |
| Non-Classified | 0.12% | 0.15% | - | - | - | 0.04% | 1.51% | - | 1.81% |
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.
Identification Codes
| Sedol Code | 3169447 |
| Mex Code | PUUKE |
| Isin Code | GB0031694473 |
| Citi Code | P286 |
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 UK Equity Fund - the underlying fund. Underlying Fund Objective: The fund invests, via other M&G funds, in the shares of UK companies. The fund is actively managed against its benchmark, the FTSE All-Share Index. It is a “fund of funds” holding units in several more specialised UK equity funds giving access to a variety of methods for generating investment returns in differing market conditions. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the benchmark by 0.75% - 1.0% a year (before charges) on a rolling three year basis. |
| Benchmark | FTSE All-Share Index |
| 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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.35 |
| Beta | 1.02 |
| Sharpe | 0.10 |
| Standard Deviation | 11.87 |
| Info Ratio | 0.17 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | Yes |
| 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 | Yes |
| 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
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Sector Specific
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
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.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
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.
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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.