Prudential North America Equity Index 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 | 8.6% | 25.1% | 0.9% | 10.2% | 22.7% |
| Benchmark | 10.5% | 25.0% | 0.4% | 10.9% | 23.7% |
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 | -1.4% | 10.9% | 13.1% | 14.8% |
| Benchmark | 0.1% | 11.3% | 13.7% | 15.1% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NVIDIA CORPORATION | 7.34 |
| APPLE | 6.83 |
| MICROSOFT CORPORATION | 6.66 |
| AMAZON.COM | 4.37 |
| META PLATFORMS | 2.83 |
| ALPHABET INC | 2.28 |
| JPMORGAN CHASE & CO | 1.70 |
| JOHNSON & JOHNSON | 1.58 |
| ALPHABET INC | 1.49 |
| MASTERCARD INCORPORATED | 1.47 |
| Total | 36.56 |
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
Richard O’Connor joined Prudential Group in July 2002 and is an index fund manager with responsibility for some 15 funds. He is also fund manager of the M&G Global Real Estate Securities Fund. He joined the business from Goldman Sachs where he worked as a consultant to the fixed income derivatives department. Prior to this, he was with Standard Corporate & Merchant Bank Asset Management (South Africa) in a research analyst role, which he held for more than three years. Richard graduated with an honours degree in investment management from Rand Afrikaans University and a bachelor of commerce degree from the University of Natal.
Fund Overview
| Daily price (19/12/2024) | 1097.30 |
| Fund size (31/10/2024) | £46.14m |
| Underlying Fund size | £46.14m |
| Number of holdings | 214 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 31/03/2004 |
Asset Allocation
| International Equities | 98.16% | |
| Property | 1.31% | |
| Cash and Equivalents | 1.01% | |
| Other Assets | -0.48% |
Commentary
Performance as at Q3 2024 - The US equity market posted broadly positive returns during the third quarter, in continuation with the first half of the year. The S&P 500 faced two large selloffs in August and September, triggered by the possibility of trade restrictions in key industries like semiconductors, as well as fears of recession. However, the market recovered quickly amid robust macroeconomic data and the prospect of lower future interest rates. Financials and Industrials emerged as the best performing sectors during the quarter, supported by the strong demand for credit and financial services as well as for electrification and automation solutions. During its September meeting, the Federal Reserve cut its policy rate by fifty basis points. Inflation fell to 2.4% in September. Nonfarm payrolls expanded by 254,000 in September, and the unemployment rate fell to 4.1%. The Canadian equity market delivered positive returns in the third quarter of 2024. Similar to other developed market countries, Financials issuers like banks delivered the strongest performance over the quarter, amid high interest rates and strong demand for credit and financial services. On the other hand, Energy names like Cenovus Energy Inc and Canadian Natural Resources Ltd underperformed. In its September meeting, the Bank of Canada cut the interest rate by twenty-five basis points, lowering it to 4.25%. Annual Inflation rate fell to 1.6%. The Fund declined (-1.4%) in the third quarter, underperforming the benchmark by 1.5%. Timing / operational differences accounted for most of the difference, with a further drag coming from overweight US equity positions in Health Care, Information Technology, and Consumer Discretionary. For example, Merc & Co Inc (Health Care) and Lam Research (IT) were key detractors, whilst overweight positions in Financials benefited returns. In Canada, stock positioning in the Energy and Materials sectors were the key contributors to an overall underprformance. The Funds achieved a higher ESG score and improved sustainability characteristics compared to its benchmark (as determined by the fund manager.
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 | 98.16% | |
| Property | 1.31% | |
| Cash and Equivalents | 1.01% | |
| Other Assets | -0.48% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 35.42% | - | - | - | |
| Technology | - | 35.42% | - | - | |
| Technology Hardware & Equipment | - | - | 18.42% | - | |
| Semiconductors | - | - | - | 9.99% | |
| Computer Hardware | - | - | - | 6.98% | |
| Production Technology Equipment | - | - | - | 1.23% | |
| Electronic Components | - | - | - | 0.21% | |
| Software & Computer Services | - | - | 17.00% | - | |
| Software | - | - | - | 9.35% | |
| Consumer Digital Services | - | - | - | 6.86% | |
| Computer Services | - | - | - | 0.79% | |
| Consumer Discretionary | 13.07% | - | - | - | |
| Retail | - | 7.73% | - | - | |
| Retailers | - | - | 7.73% | - | |
| Diversified Retailers | - | - | - | 6.10% | |
| Apparel Retailers | - | - | - | 1.18% | |
| Specialty Retailers | - | - | - | 0.46% | |
| Travel & Leisure | - | 1.72% | - | - | |
| Travel & Leisure | - | - | 1.72% | - | |
| Restaurants & Bars | - | - | - | 1.50% | |
| Travel & Tourism | - | - | - | 0.23% | |
| Automobiles & Parts | - | 1.46% | - | - | |
| Automobiles & Parts | - | - | 1.46% | - | |
| Automobiles | - | - | - | 1.42% | |
| Auto Parts | - | - | - | 0.03% | |
| Consumer Products & Services | - | 1.21% | - | - | |
| Consumer Services | - | - | 0.68% | - | |
| Consumer Services: Misc. | - | - | - | 0.68% | |
| Personal Goods | - | - | 0.31% | - | |
| Clothing & Accessories | - | - | - | 0.25% | |
| Footwear | - | - | - | 0.07% | |
| Household Goods & Home Construction | - | - | 0.18% | - | |
| Home Construction | - | - | - | 0.18% | |
| Leisure Goods | - | - | 0.03% | - | |
| Consumer Electronics | - | - | - | 0.03% | |
| Media | - | 0.95% | - | - | |
| Media | - | - | 0.95% | - | |
| Media Agencies | - | - | - | 0.77% | |
| Entertainment | - | - | - | 0.18% | |
| Financials | 12.50% | - | - | - | |
| Financial Services | - | 5.41% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.24% | - | |
| Diversified Financial Services | - | - | - | 1.26% | |
| Investment Services | - | - | - | 1.10% | |
| Asset Managers & Custodians | - | - | - | 0.87% | |
| Finance & Credit Services | - | - | 2.17% | - | |
| Financial Data & Systems | - | - | - | 2.17% | |
| Banks | - | 4.33% | - | - | |
| Banks | - | - | 4.33% | - | |
| Banks | - | - | - | 4.33% | |
| Insurance | - | 2.76% | - | - | |
| Non-life Insurance | - | - | 2.30% | - | |
| Insurance Brokers | - | - | - | 1.16% | |
| Full Line Insurance | - | - | - | 0.71% | |
| Property & Casualty Insurance | - | - | - | 0.43% | |
| Life Insurance | - | - | 0.46% | - | |
| Life Insurance | - | - | - | 0.46% | |
| Industrials | 11.52% | - | - | - | |
| Industrial Goods & Services | - | 10.55% | - | - | |
| Industrial Support Services | - | - | 4.95% | - | |
| Professional Business Support Services | - | - | - | 2.49% | |
| Transaction Processing Services | - | - | - | 2.46% | |
| Industrial Engineering | - | - | 1.79% | - | |
| Machinery: Engines | - | - | - | 1.05% | |
| Machinery: Tools | - | - | - | 0.43% | |
| Machinery: Industrial | - | - | - | 0.22% | |
| Machinery: Construction & Handling | - | - | - | 0.09% | |
| Aerospace & Defence | - | - | 1.18% | - | |
| Aerospace | - | - | - | 1.17% | |
| Defense | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 1.02% | - | |
| Electronic Equipment: Pollution Control | - | - | - | 1.02% | |
| Industrial Transportation | - | - | 0.92% | - | |
| Delivery Services | - | - | - | 0.58% | |
| Railroads | - | - | - | 0.34% | |
| General Industrials | - | - | 0.70% | - | |
| Diversified Industrials | - | - | - | 0.68% | |
| Paints & Coatings | - | - | - | 0.02% | |
| Construction & Materials | - | 0.97% | - | - | |
| Construction & Materials | - | - | 0.97% | - | |
| Building: Climate Control | - | - | - | 0.90% | |
| Building Materials: Other | - | - | - | 0.07% | |
| Health Care | 10.12% | - | - | - | |
| Health Care | - | 10.12% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.67% | - | |
| Pharmaceuticals | - | - | - | 4.38% | |
| Biotechnology | - | - | - | 0.29% | |
| Medical Equipment & Services | - | - | 3.91% | - | |
| Medical Equipment | - | - | - | 3.78% | |
| Medical Supplies | - | - | - | 0.13% | |
| Health Care Providers | - | - | 1.53% | - | |
| Health Care Management Services | - | - | - | 1.53% | |
| Energy | 3.85% | - | - | - | |
| Energy | - | 3.85% | - | - | |
| Non-Renewable Energy | - | - | 3.82% | - | |
| Integrated Oil & Gas | - | - | - | 1.49% | |
| Oil Equipment & Services | - | - | - | 0.90% | |
| Oil: Crude Producers | - | - | - | 0.77% | |
| Pipelines | - | - | - | 0.53% | |
| Oil Refining and Marketing | - | - | - | 0.13% | |
| Renewable Energy | - | - | 0.02% | - | |
| Alternative Fuels | - | - | - | 0.02% | |
| Renewable Energy Equipment | - | - | - | 0.01% | |
| Consumer Staples | 3.54% | - | - | - | |
| Food, Beverage & Tobacco | - | 2.18% | - | - | |
| Beverages | - | - | 1.37% | - | |
| Soft Drinks | - | - | - | 1.37% | |
| Food Producers | - | - | 0.82% | - | |
| Food Products | - | - | - | 0.82% | |
| Personal Care, Drug & Grocery Stores | - | 1.36% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.36% | - | |
| Personal Products | - | - | - | 1.06% | |
| Food Retailers & Wholesalers | - | - | - | 0.22% | |
| Nondurable Household Products | - | - | - | 0.04% | |
| Drug Retailers | - | - | - | 0.04% | |
| Utilities | 2.70% | - | - | - | |
| Utilities | - | 2.70% | - | - | |
| Electricity | - | - | 2.16% | - | |
| Conventional Electricity | - | - | - | 2.16% | |
| Gas, Water & Multi-utilities | - | - | 0.46% | - | |
| Multi-Utilities | - | - | - | 0.46% | |
| Waste & Disposal Services | - | - | 0.08% | - | |
| Waste & Disposal Services | - | - | - | 0.08% | |
| Basic Materials | 2.40% | - | - | - | |
| Chemicals | - | 1.62% | - | - | |
| Chemicals | - | - | 1.62% | - | |
| Chemicals: Diversified | - | - | - | 1.04% | |
| Specialty Chemicals | - | - | - | 0.50% | |
| Fertilizers | - | - | - | 0.08% | |
| Basic Resources | - | 0.78% | - | - | |
| Precious Metals & Mining | - | - | 0.39% | - | |
| Gold Mining | - | - | - | 0.39% | |
| Industrial Materials | - | - | 0.31% | - | |
| Diversified Materials | - | - | - | 0.31% | |
| Industrial Metals & Mining | - | - | 0.08% | - | |
| General Mining | - | - | - | 0.06% | |
| Copper | - | - | - | 0.02% | |
| Telecommunications | 2.20% | - | - | - | |
| Telecommunications | - | 2.20% | - | - | |
| Telecommunications Service Providers | - | - | 1.11% | - | |
| Telecommunications Services | - | - | - | 1.07% | |
| Cable Television Services | - | - | - | 0.04% | |
| Telecommunications Equipment | - | - | 1.09% | - | |
| Telecommunications Equipment | - | - | - | 1.09% | |
| Real Estate | 2.15% | - | - | - | |
| Real Estate | - | 2.15% | - | - | |
| Real Estate Investment Trusts | - | - | 2.15% | - | |
| Timber REITs | - | - | - | 0.73% | |
| Retail REITs | - | - | - | 0.52% | |
| Industrial REITs | - | - | - | 0.49% | |
| Health Care REITs | - | - | - | 0.26% | |
| Office REITs | - | - | - | 0.07% | |
| Hotel & Lodging REITs | - | - | - | 0.04% | |
| Infrastructure REITs | - | - | - | 0.04% | |
| Cash and Equivalents | 1.01% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
| Non-Classified | -0.48% | - | - | - | |
Regional Allocation
| North America | 93.90% | |
| Developed Europe - Excl UK | 4.15% | |
| Property | 1.31% | |
| Cash and Equivalents | 1.01% | |
| Australia & New Zealand | 0.10% | |
| Non-Classified | -0.48% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.38% | |
| Cash | 0.39% | |
| US Dollar | 0.23% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 93.90% | - | |
United States
|
- | 89.15% | |
Canada
|
- | 4.76% | |
| Developed Europe - Excl UK | 4.15% | - | |
Ireland
|
- | 4.01% | |
Netherlands
|
- | 0.08% | |
Switzerland
|
- | 0.07% | |
| Property | 1.31% | - | |
| Cash and Equivalents | 1.01% | - | |
| Australia & New Zealand | 0.10% | - | |
New Caledonia
|
- | 0.10% | |
| Non-Classified | -0.48% | - | |
Breakdown By Market Cap (%)
| Mega |
|
78.90% |
| Large |
|
13.84% |
| Medium |
|
1.28% |
| Non-Classified |
|
4.97% |
| Cash |
|
1.01% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | 7.34% | Technology Hardware & Equipment | United States |
| 2 | APPLE | 6.83% | Technology Hardware & Equipment | United States |
| 3 | MICROSOFT CORPORATION | 6.66% | Software & Computer Services | United States |
| 4 | AMAZON.COM | 4.37% | Retailers | United States |
| 5 | META PLATFORMS | 2.83% | Software & Computer Services | United States |
| 6 | ALPHABET INC | 2.28% | Software & Computer Services | United States |
| 7 | JPMORGAN CHASE & CO | 1.70% | Banks | United States |
| 8 | JOHNSON & JOHNSON | 1.58% | Pharmaceuticals & Biotechnology | United States |
| 9 | ALPHABET INC | 1.49% | Software & Computer Services | United States |
| 10 | MASTERCARD INCORPORATED | 1.47% | Industrial Support Services | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 35.42% | - | - | - | - | - | - | 35.42% |
| Telecommunications | - | 2.20% | - | - | - | - | - | - | 2.20% |
| Financials | - | 12.50% | - | - | - | - | - | - | 12.50% |
| Real Estate | - | 0.84% | - | - | - | 1.31% | - | - | 2.15% |
| Consumer Discretionary | - | 13.07% | - | - | - | - | - | - | 13.07% |
| Consumer Staples | - | 3.54% | - | - | - | - | - | - | 3.54% |
| Energy | - | 3.85% | - | - | - | - | - | - | 3.85% |
| Utilities | - | 2.70% | - | - | - | - | - | - | 2.70% |
| Health Care | - | 10.12% | - | - | - | - | - | - | 10.12% |
| Industrials | - | 11.52% | - | - | - | - | - | - | 11.52% |
| Basic Materials | - | 2.40% | - | - | - | - | - | - | 2.40% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.01% | 1.01% |
| Non-Classified | - | - | - | - | - | - | -0.48% | - | -0.48% |
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.
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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 2.85 |
| Beta | 0.92 |
| Sharpe | 0.65 |
| Standard Deviation | 12.81 |
| 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.
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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.