Prudential North America Equity Index S3
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 | 14.7% | 28.3% | -8.2% | 18.2% | 26.3% |
| Benchmark | 16.4% | 28.1% | -8.8% | 19.4% | 26.9% |
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 | 10.1% | 11.1% | 15.1% | 15.0% |
| Benchmark | 9.9% | 11.4% | 15.6% | 15.2% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| APPLE | 6.09 |
| MICROSOFT CORPORATION | 6.08 |
| NVIDIA CORPORATION | 5.43 |
| AMAZON.COM | 4.25 |
| META PLATFORMS | 2.71 |
| ALPHABET INC | 2.66 |
| TESLA | 1.83 |
| JPMORGAN CHASE & CO | 1.79 |
| MASTERCARD INCORPORATED | 1.68 |
| BROADCOM | 1.60 |
| Total | 34.11 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the M&G PP North America Equity Index Fund – the underlying fund.
Underlying fund objective :The fund aims to have similar risk-return characteristics as the FTSE North America Index. The fund gains its exposure via the M&G (ACS) BlackRock US Equity Fund and the M&G (ACS) BlackRock Canada Equity Fund. The underlying funds aim to be fully invested in the equity securities and equity related securities of companies that are constituents of the S&P 500 Index and the FTSE Canada Index respectively. Within the index-relative limits, the Investment Manager uses a structured and systematic, bottom up stock selection process to build a portfolio with similar risk-return characteristics as the index in order to meet the fund’s investment objectives. In addition to the fund’s objective, the Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well.
Performance Objective: The funds aim to provide a total return (i.e. capital growth plus income),gross of the Ongoing Charges Figure, over any three year period.
Fund Manager
BlackRock Team Managed
Fund Overview
| Daily price (06/03/2025) | 1059.70 |
| Fund size (31/01/2025) | £52.71m |
| Underlying Fund size | £56.75m |
| Number of holdings | 224 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 31/03/2004 |
Asset Allocation
| International Equities | 90.27% | |
| Cash and Equivalents | 7.56% | |
| Property | 1.32% | |
| Other Assets | 0.85% |
Commentary
Performance as at Q4 2024 - The US equity market was the best performing in 2024. Stocks experienced an uptick characterized by remarkable returns following the presidential election. Major US and global indices declined towards the year-end due to uncertainty about future interest rate cuts. Information Technology was the best-performing sector, bolstered by demand for AI solutions and expectations of future growth. Financials performed well supported by strong earnings reports from financial services providers and the potential benefits of deregulation for banks under Trump's presidency. Inflation increased with year-over-year Consumer Price Index(CPI) rising to 2.9% in December. The Federal Reserve (Fed) cut interest rates by 25 basis points but signalled fewer reductions for the future. December closed positively for Canadian equities bringing year-to-date returns for the regional benchmark to 15.03%. Banks delivered the strongest performance supported by revenue growth and positive outlook. The Energy sector rebounded after a period of underperformance. UK equities declined bringing returns for the last quarter in negative territory. Financials names performed strongly buoyed by the Trump victory in the US presidential election and a favorable outlook. Health Care was the worst performing sector dragged by the price decline experienced by vaccine providers. The year-over-year inflation rate declined by 0.1% to 2.5% in December. The Bank of England cut the policy rate to 4.75%. European stocks dipped, underperforming their developed market peers. Nearly every sector experienced a decline, as the market started to price in concerns of higher tariffs from the US. Financials issuers were the only exception, as banks were rewarded by the possible benefits of deregulation under Trump’s presidency, and by the favorable outlook for the industry. Health Care and Consumer Staples were the worst performing sectors. In December Eurozone inflation rose to 2.4%, and the European Central Bank lowered its policy rate to 3.0%. The positive performance was supported by the Bank of Japan’s decision to raise interest rates to at 0.25% improving investors’ confidence in the economy. The Yen depreciated around 10% against the US Dollar. In line with other developed market peers, Financials were the best performing names in the Japanese equity market. The Japanese IT sector experienced a decline reflecting the broader market dynamics surrounding trade restrictions on the semiconductor industry, and its possible impact on Japanese suppliers. Emerging Markets equities delivered negative returns bringing year-to-date returns for the regional benchmark to 9.43%. Fears of higher tariffs from the US, a stronger dollar and geopolitical turmoil contributed to the poor performance of emerging market equities, excluding Taiwan. South Korea and India were among the worst performing equity markets. Chinese equities also declined, amid weak economic data and tariff expectations from the US. Asia-Pacific markets experienced a decline lowering the year-to-date returns of the regional benchmark to 7.45%. The Materials sector experienced the largest decline, mostly driven by BHP Group. The mining company’s share price dipped after multiple unsuccessful attempts to acquire rival company Anglo America. Information Technology was the best performing sector in the region, but returns were highly skewed by Taiwan Semiconductors Manufacturing, with the remaining names in the benchmark experiencing flat or negative returns. The fund was 0.8% behind benchmark over the quarter, due to relative underperformance across most regions, with the exception of China and India. With US equities rallying strongly over the period, returns were held back by the fundamentally weighted US ‘RAFI’ index component, which underperformed other US market cap weighted indices.
Source: M&G
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 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
| International Equities | 90.27% | |
| Cash and Equivalents | 7.56% | |
| Property | 1.32% | |
| Other Assets | 0.85% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 31.80% | - | - | - | |
| Technology | - | 31.80% | - | - | |
| Software & Computer Services | - | - | 15.95% | - | |
| Software | - | - | - | 8.42% | |
| Consumer Digital Services | - | - | - | 7.03% | |
| Computer Services | - | - | - | 0.50% | |
| Technology Hardware & Equipment | - | - | 15.85% | - | |
| Semiconductors | - | - | - | 8.21% | |
| Computer Hardware | - | - | - | 6.27% | |
| Production Technology Equipment | - | - | - | 1.16% | |
| Electronic Components | - | - | - | 0.20% | |
| Consumer Discretionary | 13.15% | - | - | - | |
| Retail | - | 7.43% | - | - | |
| Retailers | - | - | 7.43% | - | |
| Diversified Retailers | - | - | - | 5.70% | |
| Apparel Retailers | - | - | - | 1.19% | |
| Specialty Retailers | - | - | - | 0.50% | |
| Home Improvement Retailers | - | - | - | 0.04% | |
| Automobiles & Parts | - | 1.95% | - | - | |
| Automobiles & Parts | - | - | 1.95% | - | |
| Automobiles | - | - | - | 1.92% | |
| Auto Parts | - | - | - | 0.03% | |
| Travel & Leisure | - | 1.75% | - | - | |
| Travel & Leisure | - | - | 1.75% | - | |
| Restaurants & Bars | - | - | - | 1.17% | |
| Travel & Tourism | - | - | - | 0.47% | |
| Hotels & Motels | - | - | - | 0.06% | |
| Airlines | - | - | - | 0.04% | |
| Consumer Products & Services | - | 1.12% | - | - | |
| Consumer Services | - | - | 0.55% | - | |
| Consumer Services: Misc. | - | - | - | 0.55% | |
| Personal Goods | - | - | 0.49% | - | |
| Footwear | - | - | - | 0.23% | |
| Clothing & Accessories | - | - | - | 0.23% | |
| Cosmetics | - | - | - | 0.04% | |
| Household Goods & Home Construction | - | - | 0.04% | - | |
| Home Construction | - | - | - | 0.04% | |
| Leisure Goods | - | - | 0.03% | - | |
| Consumer Electronics | - | - | - | 0.03% | |
| Media | - | 0.91% | - | - | |
| Media | - | - | 0.91% | - | |
| Media Agencies | - | - | - | 0.87% | |
| Entertainment | - | - | - | 0.04% | |
| Financials | 11.94% | - | - | - | |
| Financial Services | - | 5.39% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.86% | - | |
| Investment Services | - | - | - | 1.67% | |
| Asset Managers & Custodians | - | - | - | 1.60% | |
| Diversified Financial Services | - | - | - | 0.59% | |
| Finance & Credit Services | - | - | 1.53% | - | |
| Financial Data & Systems | - | - | - | 1.53% | |
| Banks | - | 4.13% | - | - | |
| Banks | - | - | 4.13% | - | |
| Banks | - | - | - | 4.13% | |
| Insurance | - | 2.42% | - | - | |
| Non-life Insurance | - | - | 2.14% | - | |
| Insurance Brokers | - | - | - | 1.09% | |
| Full Line Insurance | - | - | - | 0.78% | |
| Property & Casualty Insurance | - | - | - | 0.27% | |
| Life Insurance | - | - | 0.28% | - | |
| Life Insurance | - | - | - | 0.28% | |
| Industrials | 10.17% | - | - | - | |
| Industrial Goods & Services | - | 9.52% | - | - | |
| Industrial Support Services | - | - | 4.23% | - | |
| Transaction Processing Services | - | - | - | 2.51% | |
| Professional Business Support Services | - | - | - | 1.72% | |
| Aerospace & Defence | - | - | 1.48% | - | |
| Aerospace | - | - | - | 1.48% | |
| Industrial Engineering | - | - | 1.22% | - | |
| Machinery: Engines | - | - | - | 0.93% | |
| Machinery: Industrial | - | - | - | 0.24% | |
| Machinery: Construction & Handling | - | - | - | 0.05% | |
| Electronic & Electrical Equipment | - | - | 0.93% | - | |
| Electronic Equipment: Pollution Control | - | - | - | 0.93% | |
| General Industrials | - | - | 0.86% | - | |
| Diversified Industrials | - | - | - | 0.83% | |
| Containers & Packaging | - | - | - | 0.04% | |
| Industrial Transportation | - | - | 0.80% | - | |
| Railroads | - | - | - | 0.53% | |
| Delivery Services | - | - | - | 0.26% | |
| Trucking | - | - | - | 0.02% | |
| Construction & Materials | - | 0.65% | - | - | |
| Construction & Materials | - | - | 0.65% | - | |
| Building: Climate Control | - | - | - | 0.59% | |
| Building Materials: Other | - | - | - | 0.06% | |
| Health Care | 9.00% | - | - | - | |
| Health Care | - | 9.00% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.34% | - | |
| Pharmaceuticals | - | - | - | 4.13% | |
| Biotechnology | - | - | - | 0.21% | |
| Medical Equipment & Services | - | - | 3.25% | - | |
| Medical Equipment | - | - | - | 3.05% | |
| Medical Supplies | - | - | - | 0.19% | |
| Health Care Providers | - | - | 1.41% | - | |
| Health Care Management Services | - | - | - | 1.41% | |
| Cash and Equivalents | 7.56% | - | - | - | |
| Energy | 3.51% | - | - | - | |
| Energy | - | 3.51% | - | - | |
| Non-Renewable Energy | - | - | 3.46% | - | |
| Integrated Oil & Gas | - | - | - | 1.12% | |
| Oil Equipment & Services | - | - | - | 0.88% | |
| Pipelines | - | - | - | 0.73% | |
| Oil Refining and Marketing | - | - | - | 0.54% | |
| Oil: Crude Producers | - | - | - | 0.20% | |
| Renewable Energy | - | - | 0.05% | - | |
| Alternative Fuels | - | - | - | 0.04% | |
| Renewable Energy Equipment | - | - | - | 0.01% | |
| Consumer Staples | 3.25% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.87% | - | - | |
| Beverages | - | - | 1.23% | - | |
| Soft Drinks | - | - | - | 1.23% | |
| Food Producers | - | - | 0.64% | - | |
| Food Products | - | - | - | 0.64% | |
| Personal Care, Drug & Grocery Stores | - | 1.38% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.38% | - | |
| Personal Products | - | - | - | 0.98% | |
| Food Retailers & Wholesalers | - | - | - | 0.25% | |
| Drug Retailers | - | - | - | 0.15% | |
| Utilities | 2.73% | - | - | - | |
| Utilities | - | 2.73% | - | - | |
| Electricity | - | - | 1.80% | - | |
| Conventional Electricity | - | - | - | 1.80% | |
| Waste & Disposal Services | - | - | 0.50% | - | |
| Waste & Disposal Services | - | - | - | 0.50% | |
| Gas, Water & Multi-utilities | - | - | 0.42% | - | |
| Multi-Utilities | - | - | - | 0.42% | |
| Basic Materials | 2.28% | - | - | - | |
| Chemicals | - | 1.71% | - | - | |
| Chemicals | - | - | 1.71% | - | |
| Chemicals: Diversified | - | - | - | 1.20% | |
| Specialty Chemicals | - | - | - | 0.43% | |
| Fertilizers | - | - | - | 0.07% | |
| Basic Resources | - | 0.57% | - | - | |
| Precious Metals & Mining | - | - | 0.31% | - | |
| Gold Mining | - | - | - | 0.31% | |
| Industrial Materials | - | - | 0.19% | - | |
| Diversified Materials | - | - | - | 0.19% | |
| Industrial Metals & Mining | - | - | 0.06% | - | |
| General Mining | - | - | - | 0.05% | |
| Copper | - | - | - | 0.02% | |
| Real Estate | 1.94% | - | - | - | |
| Real Estate | - | 1.94% | - | - | |
| Real Estate Investment Trusts | - | - | 1.94% | - | |
| Timber REITs | - | - | - | 0.55% | |
| Industrial REITs | - | - | - | 0.53% | |
| Retail REITs | - | - | - | 0.41% | |
| Health Care REITs | - | - | - | 0.28% | |
| Office REITs | - | - | - | 0.08% | |
| Hotel & Lodging REITs | - | - | - | 0.08% | |
| Residential REITs | - | - | - | 0.02% | |
| Telecommunications | 1.81% | - | - | - | |
| Telecommunications | - | 1.81% | - | - | |
| Telecommunications Equipment | - | - | 0.99% | - | |
| Telecommunications Equipment | - | - | - | 0.99% | |
| Telecommunications Service Providers | - | - | 0.82% | - | |
| Telecommunications Services | - | - | - | 0.82% | |
| Non-Classified | 0.85% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 86.33% | |
| Cash and Equivalents | 7.56% | |
| Developed Europe - Excl UK | 3.83% | |
| Property | 1.32% | |
| Non-Classified | 0.85% | |
| Australia & New Zealand | 0.11% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.38% | |
| Cash | 0.39% | |
| US Dollar | 0.23% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 86.33% | - | |
United States
|
- | 81.87% | |
Canada
|
- | 4.46% | |
| Cash and Equivalents | 7.56% | - | |
| Developed Europe - Excl UK | 3.83% | - | |
Ireland
|
- | 3.76% | |
Netherlands
|
- | 0.05% | |
Switzerland
|
- | 0.03% | |
| Property | 1.32% | - | |
| Non-Classified | 0.85% | - | |
| Australia & New Zealand | 0.11% | - | |
New Caledonia
|
- | 0.11% | |
Breakdown By Market Cap (%)
| Mega |
|
73.13% |
| Large |
|
12.09% |
| Medium |
|
1.08% |
| Micro |
|
0.01% |
| Non-Classified |
|
6.13% |
| Cash |
|
7.56% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | APPLE | 6.09% | Technology Hardware & Equipment | United States |
| 2 | MICROSOFT CORPORATION | 6.08% | Software & Computer Services | United States |
| 3 | NVIDIA CORPORATION | 5.43% | Technology Hardware & Equipment | United States |
| 4 | AMAZON.COM | 4.25% | Retailers | United States |
| 5 | META PLATFORMS | 2.71% | Software & Computer Services | United States |
| 6 | ALPHABET INC | 2.66% | Software & Computer Services | United States |
| 7 | TESLA | 1.83% | Automobiles & Parts | United States |
| 8 | JPMORGAN CHASE & CO | 1.79% | Banks | United States |
| 9 | MASTERCARD INCORPORATED | 1.68% | Industrial Support Services | United States |
| 10 | BROADCOM | 1.60% | Technology Hardware & Equipment | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 31.80% | - | - | - | - | - | - | 31.80% |
| Telecommunications | - | 1.81% | - | - | - | - | - | - | 1.81% |
| Financials | - | 11.94% | - | - | - | - | - | - | 11.94% |
| Real Estate | - | 0.62% | - | - | - | 1.32% | - | - | 1.94% |
| Consumer Discretionary | - | 13.15% | - | - | - | - | - | - | 13.15% |
| Consumer Staples | - | 3.25% | - | - | - | - | - | - | 3.25% |
| Energy | - | 3.51% | - | - | - | - | - | - | 3.51% |
| Utilities | - | 2.73% | - | - | - | - | - | - | 2.73% |
| Health Care | - | 9.00% | - | - | - | - | - | - | 9.00% |
| Industrials | - | 10.17% | - | - | - | - | - | - | 10.17% |
| Basic Materials | - | 2.28% | - | - | - | - | - | - | 2.28% |
| Cash and Equivalents | - | - | - | - | - | - | - | 7.56% | 7.56% |
| Non-Classified | - | - | - | - | - | - | 0.85% | - | 0.85% |
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 | 3424812 |
| Mex Code | PUYOU |
| Isin Code | GB0034248129 |
| Citi Code | P546 |
Fund Charges
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the M&G PP North America Equity Index Fund – the underlying fund. Underlying fund objective :The fund aims to have similar risk-return characteristics as the FTSE North America Index. The fund gains its exposure via the M&G (ACS) BlackRock US Equity Fund and the M&G (ACS) BlackRock Canada Equity Fund. The underlying funds aim to be fully invested in the equity securities and equity related securities of companies that are constituents of the S&P 500 Index and the FTSE Canada Index respectively. Within the index-relative limits, the Investment Manager uses a structured and systematic, bottom up stock selection process to build a portfolio with similar risk-return characteristics as the index in order to meet the fund’s investment objectives. In addition to the fund’s objective, the Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well. Performance Objective: The funds aim to provide a total return (i.e. capital growth plus income),gross of the Ongoing Charges Figure, over any three year period. |
| Benchmark | FTSE World North America Index |
| ABI Sector | North America Equities |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 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 | 2.25 |
| Beta | 0.97 |
| Sharpe | 0.82 |
| Standard Deviation | 12.70 |
| Info Ratio | 0.34 |
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
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
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
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.