Prudential BlackRock Aquila Pacific Rim Equity Index S3

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

Performance

Discrete performance - to latest available quarter end

31/12/19
to
31/12/20
31/12/20
to
31/12/21
31/12/21
to
31/12/22
31/12/22
to
31/12/23
31/12/23
to
31/12/24
Fund 16.6% -0.2% 0.0% 1.6% -0.2%
Benchmark 14.9% 2.2% -1.6% 4.8% -3.9%

Performance - to latest available quarter end

Quarter Annualised
4
2024
3 Years to
31/12/24
5 Years to
31/12/24
10 Years to
31/12/24
Fund -4.9% 0.5% 3.4% 6.3%
Benchmark -6.3% -0.3% 3.1% 6.1%

Top 10 Holdings

Stock % Weight
SAMSUNG ELECTRONICS CO. LTD 5.95
COMMONWEALTH BANK OF AUSTRALIA 5.82
BHP GROUP LIMITED 4.35
CSL LTD 2.93
NATIONAL AUSTRALIA BANK LIMITED 2.70
AIA GROUP LIMITED 2.64
SK HYNIX 2.56
WESTPAC BANKING CORPORATION 2.53
DBS GROUP HOLDINGS LTD 2.30
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 1.99
Total 33.77

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the Blackrock Aquila Life Pacific Rim Equity Index Fund - the underlying fund.

Underlying Fund Objective: This fund invests in the shares of companies in the Pacific Rim and aims to achieve a return that is consistent with the return of the FTSE All-World Developed Asia Pacific ex-Japan Index.

Performance objective: To match the performance of the benchmark.

Fund Manager

BlackRock Team Managed manager of the underlying fund for 28 years and 7 months

Photo of BlackRock Team Managed BlackRock Team Managed

Fund Overview

Daily price (04/03/2025) 661.30
Fund size (31/01/2025) £2.74m
Underlying Fund size £734.06m
Number of holdings 388
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 30/04/2004

Asset Allocation

pie chart
  International Equities 93.43%
  Property 4.00%
  Cash and Equivalents 1.05%
  Alternative Trading Strategies 0.00%
  Other Assets 1.52%

Commentary

Performance as at Q4 2024 -MSCI Asia Pacific ex Japan rose 12% in 2024 (-7.6% in Q4) with a few drawdown episodes (China equities volatilities in early year, unwinding of crowded positions across Artificial Intelligence (AI), Carry trades, etc, and a reversal after the US election. Taiwan (+34.5%) was the best performer in 2024 driven by AI. China (+19.7%) saw a recovery in H2 2024 due to hopes for more stimulus. India (+12.5%) continued its rally although it faded in Q4. Korea (-23.6%) was the worst performer dragged by Samsung underperformance, KRW deprecation, and reversal from the short selling ban-driven rally in the previous year. The fund outperformed the index by 2.8% this quarter. Stock selection drove to the majority of gains over the period, with muted returns from country, industry and risk factor exposures. Sentiment-based insights were the largest contributors this quarter. Momentum-driven insights in particular were additive, with those following sales data in Taiwan consensus and tracking mobile app usage to capture consumer being a few top performers. The Fund Managers also saw high efficiency in their machine-learned complex designed to combine the most optimal set of insights for alpha generation in APAC markets. Fundamental insights were also additive, with both valuation and quality-focused insights adding significant value. Earnings-related quality-based insights, along with those selecting companies with founding members on the board based on the notion that better business decisions will be made, leading to higher profitability, were among the top contributors. The Fund Managers saw mixed results from insights focused on China – while Fundamental insights drove a lot of the stock selection that added value here, Sentiment-based insights struggled to navigate the volatility observed in the country during the tail-end of the year. An overweight position in the Chinese Consumer Discretionary sector, an underweight in Materials across most Asia ex Japan countries, and Industrials names within Korea and India were the largest contributors to positive performance. Meanwhile, overweights in Communication Services and Energy sectors detracted slightly.

Source: BlackRock

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 93.43%
  Property 4.00%
  Cash and Equivalents 1.05%
  Alternative Trading Strategies 0.00%
  Other Assets 1.52%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 32.23% - - -
 
Banks - 21.37% - -
 
Banks - - 21.37% -
 
Banks - - - 21.37%
 
Insurance - 5.46% - -
 
Life Insurance - - 3.15% -
 
Life Insurance - - - 3.15%
 
Non-life Insurance - - 2.30% -
 
Property & Casualty Insurance - - - 1.59%
 
Full Line Insurance - - - 0.57%
 
Insurance Brokers - - - 0.14%
 
Financial Services - 5.40% - -
 
Investment Banking & Brokerage Services - - 5.37% -
 
Investment Services - - - 4.43%
 
Asset Managers & Custodians - - - 0.49%
 
Diversified Financial Services - - - 0.44%
 
Finance & Credit Services - - 0.03% -
 
Consumer Lending - - - 0.03%
 
Industrials 9.69% - - -
 
Industrial Goods & Services - 8.59% - -
 
Industrial Transportation - - 2.53% -
 
Marine Transportation - - - 1.24%
 
Transportation Services - - - 0.82%
 
Railroads - - - 0.28%
 
Delivery Services - - - 0.13%
 
Commercial Vehicle-Equipment Leasing - - - 0.06%
 
General Industrials - - 2.48% -
 
Diversified Industrials - - - 1.21%
 
Containers & Packaging - - - 1.16%
 
Glass - - - 0.06%
 
Plastics - - - 0.03%
 
Paints & Coatings - - - 0.02%
 
Electronic & Electrical Equipment - - 1.37% -
 
Electrical Components - - - 1.37%
 
Industrial Engineering - - 1.19% -
 
Machinery: Tools - - - 0.66%
 
Machinery: Construction & Handling - - - 0.28%
 
Machinery: Industrial - - - 0.24%
 
Aerospace & Defence - - 0.57% -
 
Aerospace - - - 0.57%
 
Industrial Support Services - - 0.46% -
 
Business Training & Employment Agencies - - - 0.17%
 
Professional Business Support Services - - - 0.17%
 
Industrial Suppliers - - - 0.07%
 
Security Services - - - 0.03%
 
Transaction Processing Services - - - 0.01%
 
Construction & Materials - 1.10% - -
 
Construction & Materials - - 1.10% -
 
Building Materials: Other - - - 0.57%
 
Engineering & Contracting Services - - - 0.26%
 
Construction - - - 0.16%
 
Building: Climate Control - - - 0.11%
 
Basic Materials 9.24% - - -
 
Basic Resources - 8.68% - -
 
Industrial Metals & Mining - - 8.03% -
 
General Mining - - - 6.39%
 
Iron & Steel - - - 1.47%
 
Nonferrous Metals - - - 0.13%
 
Copper - - - 0.04%
 
Precious Metals & Mining - - 0.65% -
 
Gold Mining - - - 0.65%
 
Chemicals - 0.56% - -
 
Chemicals - - 0.56% -
 
Chemicals: Diversified - - - 0.42%
 
Specialty Chemicals - - - 0.11%
 
Fertilizers - - - 0.03%
 
Consumer Discretionary 9.20% - - -
 
Travel & Leisure - 2.92% - -
 
Travel & Leisure - - 2.92% -
 
Casinos & Gambling - - - 2.13%
 
Airlines - - - 0.62%
 
Travel & Tourism - - - 0.08%
 
Restaurants & Bars - - - 0.06%
 
Hotels & Motels - - - 0.03%
 
Retail - 2.34% - -
 
Retailers - - 2.34% -
 
Diversified Retailers - - - 2.02%
 
Specialty Retailers - - - 0.27%
 
Apparel Retailers - - - 0.05%
 
Automobiles & Parts - 2.07% - -
 
Automobiles & Parts - - 2.07% -
 
Automobiles - - - 1.54%
 
Auto Parts - - - 0.45%
 
Tires - - - 0.07%
 
Consumer Products & Services - 1.71% - -
 
Personal Goods - - 0.71% -
 
Clothing & Accessories - - - 0.50%
 
Cosmetics - - - 0.11%
 
Luxury Items - - - 0.06%
 
Footwear - - - 0.05%
 
Leisure Goods - - 0.48% -
 
Electronic Entertainment - - - 0.45%
 
Consumer Electronics - - - 0.03%
 
Household Goods & Home Construction - - 0.36% -
 
Household Appliance - - - 0.33%
 
Household Furnishings - - - 0.03%
 
Consumer Services - - 0.16% -
 
Vending & Catering Service - - - 0.08%
 
Education Services - - - 0.08%
 
Media - 0.17% - -
 
Media - - 0.17% -
 
Entertainment - - - 0.11%
 
Media Agencies - - - 0.04%
 
Radio & TV Broadcasters - - - 0.01%
 
Telecommunications 8.18% - - -
 
Telecommunications - 8.18% - -
 
Telecommunications Equipment - - 6.84% -
 
Telecommunications Equipment - - - 6.84%
 
Telecommunications Service Providers - - 1.34% -
 
Telecommunications Services - - - 1.34%
 
Health Care 6.93% - - -
 
Health Care - 6.93% - -
 
Pharmaceuticals & Biotechnology - - 4.81% -
 
Biotechnology - - - 4.47%
 
Pharmaceuticals - - - 0.33%
 
Medical Equipment & Services - - 1.64% -
 
Medical Equipment - - - 0.86%
 
Medical Supplies - - - 0.48%
 
Medical Services - - - 0.30%
 
Health Care Providers - - 0.49% -
 
Health Care Services - - - 0.31%
 
Health Care Facilities - - - 0.18%
 
Technology 6.49% - - -
 
Technology - 6.49% - -
 
Technology Hardware & Equipment - - 3.69% -
 
Semiconductors - - - 2.56%
 
Electronic Components - - - 0.53%
 
Computer Hardware - - - 0.38%
 
Production Technology Equipment - - - 0.22%
 
Software & Computer Services - - 2.80% -
 
Consumer Digital Services - - - 1.32%
 
Software - - - 1.11%
 
Computer Services - - - 0.37%
 
Real Estate 6.47% - - -
 
Real Estate - 6.47% - -
 
Real Estate Investment Trusts - - 4.35% -
 
Industrial REITs - - - 1.74%
 
Retail REITs - - - 1.29%
 
Diversified REITs - - - 0.59%
 
Residential REITs - - - 0.27%
 
Office REITs - - - 0.25%
 
Other Specialty REITs - - - 0.14%
 
Hotel & Lodging REITs - - - 0.06%
 
Real Estate Investment & Services - - 2.12% -
 
Real Estate Holding and Development - - - 1.85%
 
Real Estate Services - - - 0.27%
 
Consumer Staples 3.19% - - -
 
Personal Care, Drug & Grocery Stores - 1.70% - -
 
Personal Care, Drug & Grocery Stores - - 1.70% -
 
Food Retailers & Wholesalers - - - 1.62%
 
Personal Products - - - 0.08%
 
Food, Beverage & Tobacco - 1.49% - -
 
Food Producers - - 0.70% -
 
Food Products - - - 0.54%
 
Fruit & Grain Processing - - - 0.16%
 
Beverages - - 0.53% -
 
Distillers & Vintners - - - 0.20%
 
Soft Drinks - - - 0.17%
 
Brewers - - - 0.16%
 
Tobacco - - 0.25% -
 
Tobacco - - - 0.25%
 
Utilities 3.02% - - -
 
Utilities - 3.02% - -
 
Electricity - - 1.49% -
 
Conventional Electricity - - - 0.90%
 
Alternative Electricity - - - 0.58%
 
Gas, Water & Multi-utilities - - 1.36% -
 
Multi-Utilities - - - 1.05%
 
Gas Distribution - - - 0.31%
 
Waste & Disposal Services - - 0.18% -
 
Waste & Disposal Services - - - 0.18%
 
Energy 2.78% - - -
 
Energy - 2.78% - -
 
Non-Renewable Energy - - 2.74% -
 
Oil: Crude Producers - - - 1.57%
 
Oil Refining and Marketing - - - 0.60%
 
Coal - - - 0.38%
 
Pipelines - - - 0.19%
 
Renewable Energy - - 0.05% -
 
Renewable Energy Equipment - - - 0.05%
 
Non-Classified 1.52% - - -
 
Non-Classified - 1.23% - -
 
Non-Classified - - 1.23% -
 
Non-Classified - - - 1.23%
 
Cash and Equivalents 1.05% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  Australia & New Zealand 45.90%
  Emerging Asia 26.65%
  Developed Asia 19.98%
  Property 3.95%
  Non-Classified 1.53%
  Cash and Equivalents 1.05%
  Developed Europe - Excl UK 0.79%
  North America 0.15%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 98.96%
  Cash 1.02%
  Won 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
Australia & New Zealand 45.90% -
 
Australia - 43.45%
 
New Zealand - 2.45%
 
Emerging Asia 26.65% -
 
South Korea - 26.54%
 
Thailand - 0.11%
 
Malaysia - 0.00%
 
Developed Asia 19.98% -
 
Hong Kong - 11.91%
 
Singapore - 8.08%
 
Property 3.95% -
 
Non-Classified 1.53% -
 
Cash and Equivalents 1.05% -
 
Developed Europe - Excl UK 0.79% -
 
Ireland - 0.51%
 
Italy - 0.14%
 
Luxembourg - 0.14%
 
North America 0.15% -
 
United States - 0.15%

Breakdown By Market Cap (%)

Mega
 
 
50.97%
Large
 
 
27.66%
Medium
 
 
15.09%
Small
 
 
0.57%
Micro
 
 
0.01%
Non-Classified
 
 
4.65%
Cash
 
 
1.05%

Top 10 Holdings

Stock % Weight Sector Country
1 SAMSUNG ELECTRONICS CO. LTD 5.95% Telecommunications Equipment South Korea
2 COMMONWEALTH BANK OF AUSTRALIA 5.82% Banks Australia
3 BHP GROUP LIMITED 4.35% Industrial Metals & Mining Australia
4 CSL LTD 2.93% Pharmaceuticals & Biotechnology Australia
5 NATIONAL AUSTRALIA BANK LIMITED 2.70% Banks Australia
6 AIA GROUP LIMITED 2.64% Life Insurance Hong Kong
7 SK HYNIX 2.56% Technology Hardware & Equipment South Korea
8 WESTPAC BANKING CORPORATION 2.53% Banks Australia
9 DBS GROUP HOLDINGS LTD 2.30% Banks Singapore
10 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 1.99% Banks Australia

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 6.49% - - - - - - 6.49%
Telecommunications - 8.18% - - - - - - 8.18%
Financials - 32.23% - - - - - - 32.23%
Real Estate - 2.46% - - - 4.00% 0.14% - 6.61%
Consumer Discretionary - 9.20% - - - - - - 9.20%
Consumer Staples - 3.19% - - - - - - 3.19%
Energy - 2.78% - - - - - - 2.78%
Utilities - 3.02% - - - - - - 3.02%
Health Care - 6.93% - - - - - - 6.93%
Industrials - 9.69% - - - - 0.03% - 9.72%
Basic Materials - 9.24% - - - - - - 9.24%
Cash and Equivalents - - - - - - - 1.05% 1.05%
Non-Classified - - - - - - 1.35% - 1.35%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is 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 3420133
Mex Code PUCPI
Isin Code GB0034201334
Citi Code P561

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 Blackrock Aquila Life Pacific Rim Equity Index Fund - the underlying fund. Underlying Fund Objective: This fund invests in the shares of companies in the Pacific Rim and aims to achieve a return that is consistent with the return of the FTSE All-World Developed Asia Pacific ex-Japan Index. Performance objective: To match the performance of the benchmark.
Benchmark FTSE All World Developed Asia Pacific ex Japan Net of Tax GBP
ABI Sector Asia Pacific excluding Japan Equities

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is 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 0.99
Beta 0.67
Sharpe 0.00
Standard Deviation 11.65
Info Ratio 0.00

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets Yes
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 Yes
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 No
Inflation No
Taxation and Tax Relief No

Fund Specific Risks

Emerging Markets

The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

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.

Exchange Rate

This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

The 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
  • 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.

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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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your 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.