BlackRock iShares Pacific ex Japan Equity Index Class D Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/06/19 to 30/06/20 |
30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
|
|---|---|---|---|---|---|
| Fund | -1.1% | 31.4% | -8.9% | 4.1% | 15.8% |
| Sector | 2.6% | 27.1% | -10.8% | -3.3% | 10.0% |
| Rank | 66/105 | 35/108 | 39/113 | 11/118 | 17/119 |
| Quartile | 3 | 2 | 2 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/24 |
5 Years to 30/06/24 |
10 Years to 30/06/24 |
||
| Fund | 3.2% | 7.4% | 8.5% | |
| Sector | -1.7% | 4.4% | 7.4% | |
| Rank | 14/113 | 10/105 | 22/83 | |
| Quartile | 1 | 1 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 13.33 |
| SAMSUNG ELECTRONICS CO. LTD | 5.54 |
| BHP GROUP LIMITED | 3.26 |
| COMMONWEALTH BANK OF AUSTRALIA | 2.94 |
| CSL LTD | 1.96 |
| AIA GROUP LIMITED | 1.92 |
| SK HYNIX | 1.61 |
| NATIONAL AUSTRALIA BANK LIMITED | 1.55 |
| HON HAI PRECISION INDUSTRY | 1.39 |
| WESTPAC BANKING CORPORATION | 1.32 |
| Total | 34.83 |
Fund Aims
The aim of the Fund is to seek to achieve capital growth for investors by tracking closely the performance of the FTSE World Asia-Pacific ex-Japan Index by investing in companies in the Index. Investment will be made directly into constituent companies and via other transferable securities giving exposure to such companies. The Fund may also invest in permitted money market instruments, permitted deposits, and units in collective investment schemes. Derivatives and forward transactions may be used for the purposes of efficient portfolio management.
Fund Manager
CFA, Director and portfolio manager, is a member of BlackRock's Institutional Index Equity team.
Mr. Doyle's service with the firm dates back to 2004, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was a portfolio manager in the Institutional Index Equity team. Prior to joining BGI, he was with KPMG. Mr. Doyle earned a master's degree in economics and finance from Bristol University in 2000.
Fund Overview
| Mid (19/07/2024) | 480.05p |
| Historic yield | 3.53% |
| Fund size (31/05/2024) | £2290.34m |
| Number of holdings | 651 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.11% |
| Launch date | 29/06/2012 |
Asset Allocation
| International Equities | 95.61% | |
| Property | 2.46% | |
| Cash and Equivalents | 1.07% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 0.86% |
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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 for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product 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 information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 95.61% | |
| Property | 2.46% | |
| Cash and Equivalents | 1.07% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 0.86% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 26.14% | - | - | - | |
| Technology | - | 26.14% | - | - | |
| Technology Hardware & Equipment | - | - | 24.44% | - | |
| Semiconductors | - | - | - | 18.24% | |
| Electronic Components | - | - | - | 3.05% | |
| Computer Hardware | - | - | - | 2.60% | |
| Production Technology Equipment | - | - | - | 0.55% | |
| Software & Computer Services | - | - | 1.70% | - | |
| Consumer Digital Services | - | - | - | 0.78% | |
| Software | - | - | - | 0.64% | |
| Computer Services | - | - | - | 0.29% | |
| Financials | 23.39% | - | - | - | |
| Banks | - | 15.40% | - | - | |
| Banks | - | - | 15.40% | - | |
| Banks | - | - | - | 15.40% | |
| Insurance | - | 4.51% | - | - | |
| Life Insurance | - | - | 3.23% | - | |
| Life Insurance | - | - | - | 3.23% | |
| Non-life Insurance | - | - | 1.27% | - | |
| Property & Casualty Insurance | - | - | - | 0.89% | |
| Full Line Insurance | - | - | - | 0.29% | |
| Insurance Brokers | - | - | - | 0.09% | |
| Financial Services | - | 3.49% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.25% | - | |
| Investment Services | - | - | - | 2.78% | |
| Asset Managers & Custodians | - | - | - | 0.24% | |
| Diversified Financial Services | - | - | - | 0.23% | |
| Finance & Credit Services | - | - | 0.24% | - | |
| Consumer Lending | - | - | - | 0.24% | |
| Telecommunications | 8.32% | - | - | - | |
| Telecommunications | - | 8.32% | - | - | |
| Telecommunications Equipment | - | - | 6.56% | - | |
| Telecommunications Equipment | - | - | - | 6.56% | |
| Telecommunications Service Providers | - | - | 1.77% | - | |
| Telecommunications Services | - | - | - | 1.77% | |
| Industrials | 8.17% | - | - | - | |
| Industrial Goods & Services | - | 6.86% | - | - | |
| Industrial Transportation | - | - | 2.03% | - | |
| Marine Transportation | - | - | - | 0.95% | |
| Transportation Services | - | - | - | 0.73% | |
| Railroads | - | - | - | 0.26% | |
| Delivery Services | - | - | - | 0.06% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.03% | |
| Electronic & Electrical Equipment | - | - | 1.75% | - | |
| Electrical Components | - | - | - | 1.68% | |
| Electronic Equipment: Other | - | - | - | 0.04% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.02% | |
| General Industrials | - | - | 1.74% | - | |
| Diversified Industrials | - | - | - | 0.79% | |
| Containers & Packaging | - | - | - | 0.64% | |
| Plastics | - | - | - | 0.21% | |
| Glass | - | - | - | 0.07% | |
| Paints & Coatings | - | - | - | 0.02% | |
| Industrial Engineering | - | - | 0.79% | - | |
| Machinery: Tools | - | - | - | 0.35% | |
| Machinery: Industrial | - | - | - | 0.27% | |
| Machinery: Construction & Handling | - | - | - | 0.17% | |
| Industrial Support Services | - | - | 0.28% | - | |
| Business Training & Employment Agencies | - | - | - | 0.11% | |
| Professional Business Support Services | - | - | - | 0.10% | |
| Industrial Suppliers | - | - | - | 0.04% | |
| Security Services | - | - | - | 0.02% | |
| Transaction Processing Services | - | - | - | 0.01% | |
| Aerospace & Defence | - | - | 0.27% | - | |
| Aerospace | - | - | - | 0.27% | |
| Construction & Materials | - | 1.31% | - | - | |
| Construction & Materials | - | - | 1.31% | - | |
| Construction | - | - | - | 0.43% | |
| Building Materials: Other | - | - | - | 0.39% | |
| Cement | - | - | - | 0.24% | |
| Engineering & Contracting Services | - | - | - | 0.16% | |
| Building: Climate Control | - | - | - | 0.08% | |
| Basic Materials | 8.12% | - | - | - | |
| Basic Resources | - | 7.07% | - | - | |
| Industrial Metals & Mining | - | - | 6.63% | - | |
| General Mining | - | - | - | 4.94% | |
| Iron & Steel | - | - | - | 1.50% | |
| Aluminum | - | - | - | 0.16% | |
| Copper | - | - | - | 0.03% | |
| Precious Metals & Mining | - | - | 0.43% | - | |
| Gold Mining | - | - | - | 0.34% | |
| Platinum & Precious Metals | - | - | - | 0.09% | |
| Industrial Materials | - | - | 0.01% | - | |
| Textile Products | - | - | - | 0.01% | |
| Chemicals | - | 1.05% | - | - | |
| Chemicals | - | - | 1.05% | - | |
| Chemicals: Diversified | - | - | - | 0.89% | |
| Specialty Chemicals | - | - | - | 0.06% | |
| Fertilizers | - | - | - | 0.06% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.03% | |
| Consumer Discretionary | 6.63% | - | - | - | |
| Travel & Leisure | - | 1.94% | - | - | |
| Travel & Leisure | - | - | 1.94% | - | |
| Casinos & Gambling | - | - | - | 1.29% | |
| Airlines | - | - | - | 0.46% | |
| Hotels & Motels | - | - | - | 0.09% | |
| Travel & Tourism | - | - | - | 0.05% | |
| Restaurants & Bars | - | - | - | 0.05% | |
| Automobiles & Parts | - | 1.65% | - | - | |
| Automobiles & Parts | - | - | 1.65% | - | |
| Automobiles | - | - | - | 1.24% | |
| Auto Parts | - | - | - | 0.29% | |
| Tires | - | - | - | 0.12% | |
| Retail | - | 1.63% | - | - | |
| Retailers | - | - | 1.63% | - | |
| Diversified Retailers | - | - | - | 1.22% | |
| Specialty Retailers | - | - | - | 0.31% | |
| Home Improvement Retailers | - | - | - | 0.07% | |
| Apparel Retailers | - | - | - | 0.03% | |
| Consumer Products & Services | - | 1.30% | - | - | |
| Personal Goods | - | - | 0.57% | - | |
| Clothing & Accessories | - | - | - | 0.26% | |
| Footwear | - | - | - | 0.14% | |
| Cosmetics | - | - | - | 0.11% | |
| Luxury Items | - | - | - | 0.05% | |
| Leisure Goods | - | - | 0.32% | - | |
| Electronic Entertainment | - | - | - | 0.23% | |
| Consumer Electronics | - | - | - | 0.05% | |
| Recreational Products | - | - | - | 0.04% | |
| Household Goods & Home Construction | - | - | 0.30% | - | |
| Household Appliance | - | - | - | 0.24% | |
| Household Furnishings | - | - | - | 0.06% | |
| Consumer Services | - | - | 0.11% | - | |
| Education Services | - | - | - | 0.07% | |
| Vending & Catering Service | - | - | - | 0.04% | |
| Media | - | 0.11% | - | - | |
| Media | - | - | 0.11% | - | |
| Entertainment | - | - | - | 0.06% | |
| Media Agencies | - | - | - | 0.03% | |
| Radio & TV Broadcasters | - | - | - | 0.02% | |
| Health Care | 4.65% | - | - | - | |
| Health Care | - | 4.65% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.09% | - | |
| Pharmaceuticals | - | - | - | 2.21% | |
| Biotechnology | - | - | - | 0.88% | |
| Medical Equipment & Services | - | - | 0.97% | - | |
| Medical Equipment | - | - | - | 0.53% | |
| Medical Supplies | - | - | - | 0.28% | |
| Medical Services | - | - | - | 0.17% | |
| Health Care Providers | - | - | 0.59% | - | |
| Health Care Facilities | - | - | - | 0.50% | |
| Health Care Services | - | - | - | 0.09% | |
| Real Estate | 4.25% | - | - | - | |
| Real Estate | - | 4.25% | - | - | |
| Real Estate Investment Trusts | - | - | 2.67% | - | |
| Diversified REITs | - | - | - | 1.26% | |
| Retail REITs | - | - | - | 0.79% | |
| Industrial REITs | - | - | - | 0.19% | |
| Residential REITs | - | - | - | 0.16% | |
| Office REITs | - | - | - | 0.15% | |
| Other Specialty REITs | - | - | - | 0.07% | |
| Hotel & Lodging REITs | - | - | - | 0.04% | |
| Infrastructure REITs | - | - | - | 0.02% | |
| Real Estate Investment & Services | - | - | 1.59% | - | |
| Real Estate Holding and Development | - | - | - | 1.46% | |
| Real Estate Services | - | - | - | 0.13% | |
| Consumer Staples | 3.09% | - | - | - | |
| Food, Beverage & Tobacco | - | 1.61% | - | - | |
| Food Producers | - | - | 1.05% | - | |
| Food Products | - | - | - | 0.68% | |
| Fruit & Grain Processing | - | - | - | 0.21% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.16% | |
| Beverages | - | - | 0.42% | - | |
| Soft Drinks | - | - | - | 0.17% | |
| Distillers & Vintners | - | - | - | 0.14% | |
| Brewers | - | - | - | 0.11% | |
| Tobacco | - | - | 0.13% | - | |
| Tobacco | - | - | - | 0.13% | |
| Personal Care, Drug & Grocery Stores | - | 1.48% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.48% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.37% | |
| Personal Products | - | - | - | 0.11% | |
| Energy | 2.67% | - | - | - | |
| Energy | - | 2.67% | - | - | |
| Non-Renewable Energy | - | - | 2.62% | - | |
| Oil: Crude Producers | - | - | - | 1.31% | |
| Oil Refining and Marketing | - | - | - | 0.54% | |
| Coal | - | - | - | 0.29% | |
| Integrated Oil & Gas | - | - | - | 0.28% | |
| Pipelines | - | - | - | 0.15% | |
| Oil Equipment & Services | - | - | - | 0.04% | |
| Renewable Energy | - | - | 0.05% | - | |
| Renewable Energy Equipment | - | - | - | 0.05% | |
| Utilities | 2.48% | - | - | - | |
| Utilities | - | 2.48% | - | - | |
| Electricity | - | - | 1.29% | - | |
| Conventional Electricity | - | - | - | 0.88% | |
| Alternative Electricity | - | - | - | 0.41% | |
| Gas, Water & Multi-utilities | - | - | 1.08% | - | |
| Multi-Utilities | - | - | - | 0.79% | |
| Gas Distribution | - | - | - | 0.29% | |
| Waste & Disposal Services | - | - | 0.11% | - | |
| Waste & Disposal Services | - | - | - | 0.11% | |
| Cash and Equivalents | 1.07% | - | - | - | |
| Non-Classified | 1.00% | - | - | - | |
| Non-Classified | - | 0.77% | - | - | |
| Non-Classified | - | - | 0.77% | - | |
| Non-Classified | - | - | - | 0.77% | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Emerging Asia | 54.67% | |
| Australia & New Zealand | 28.31% | |
| Developed Asia | 12.10% | |
| Property | 2.43% | |
| Cash and Equivalents | 1.07% | |
| Non-Classified | 0.86% | |
| Developed Europe - Excl UK | 0.52% | |
| North America | 0.05% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.16% | |
| Cash | 0.82% | |
| Won | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 54.67% | - | |
Taiwan
|
- | 29.70% | |
South Korea
|
- | 19.20% | |
Thailand
|
- | 2.94% | |
Malaysia
|
- | 2.82% | |
| Australia & New Zealand | 28.31% | - | |
Australia
|
- | 26.85% | |
New Zealand
|
- | 1.46% | |
| Developed Asia | 12.10% | - | |
Hong Kong
|
- | 7.48% | |
Singapore
|
- | 4.62% | |
| Property | 2.43% | - | |
| Cash and Equivalents | 1.07% | - | |
| Non-Classified | 0.86% | - | |
| Developed Europe - Excl UK | 0.52% | - | |
Ireland
|
- | 0.30% | |
Luxembourg
|
- | 0.13% | |
Italy
|
- | 0.09% | |
| North America | 0.05% | - | |
United States
|
- | 0.05% | |
Breakdown By Market Cap (%)
| Mega |
|
49.88% |
| Large |
|
28.42% |
| Medium |
|
14.31% |
| Small |
|
0.71% |
| Micro |
|
0.04% |
| Non-Classified |
|
5.56% |
| Cash |
|
1.07% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 13.33% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 5.54% | Telecommunications Equipment | South Korea |
| 3 | BHP GROUP LIMITED | 3.26% | Industrial Metals & Mining | Australia |
| 4 | COMMONWEALTH BANK OF AUSTRALIA | 2.94% | Banks | Australia |
| 5 | CSL LTD | 1.96% | Pharmaceuticals & Biotechnology | Australia |
| 6 | AIA GROUP LIMITED | 1.92% | Life Insurance | Hong Kong |
| 7 | SK HYNIX | 1.61% | Technology Hardware & Equipment | South Korea |
| 8 | NATIONAL AUSTRALIA BANK LIMITED | 1.55% | Banks | Australia |
| 9 | HON HAI PRECISION INDUSTRY | 1.39% | Technology Hardware & Equipment | Taiwan |
| 10 | WESTPAC BANKING CORPORATION | 1.32% | Banks | Australia |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 26.14% | - | - | - | - | - | - | 26.14% |
| Telecommunications | - | 8.32% | - | - | - | - | - | - | 8.32% |
| Financials | - | 23.39% | - | - | - | - | - | - | 23.39% |
| Real Estate | - | 1.79% | - | - | - | 2.46% | 0.09% | - | 4.34% |
| Consumer Discretionary | - | 6.63% | - | - | - | - | - | - | 6.63% |
| Consumer Staples | - | 3.09% | - | - | - | - | - | - | 3.09% |
| Energy | - | 2.67% | - | - | - | - | - | - | 2.67% |
| Utilities | - | 2.48% | - | - | - | - | - | - | 2.48% |
| Health Care | - | 4.65% | - | - | - | - | - | - | 4.65% |
| Industrials | - | 8.17% | - | - | - | - | - | - | 8.17% |
| Basic Materials | - | 8.12% | - | - | - | - | - | - | 8.12% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.07% | 1.07% |
| Non-Classified | - | 0.15% | - | - | - | - | 0.77% | - | 0.92% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product 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 information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B849FB4 |
| Mex Code | MYKAAX |
| Isin Code | GB00B849FB47 |
| Citi Code | G6IF |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.11% |
Aims and Benchmark
| Aims | The aim of the Fund is to seek to achieve capital growth for investors by tracking closely the performance of the FTSE World Asia-Pacific ex-Japan Index by investing in companies in the Index. Investment will be made directly into constituent companies and via other transferable securities giving exposure to such companies. The Fund may also invest in permitted money market instruments, permitted deposits, and units in collective investment schemes. Derivatives and forward transactions may be used for the purposes of efficient portfolio management. |
| Benchmark | FTSE Custom Dev Asia Pac ex Japan Net of Tax Mid Day |
| Benchmark Category | - |
| IA Sector | Asia Pacific Excluding Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 March | 30 April |
| 01 September | 31 October |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | BNY Mellon Trust & Depositary (UK) Ltd |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | The Bank of New York Mellon (International) Limited |
Group Details
| Group name | BlackRock Investment Management (UK) Limited |
| Group address | 12 Throgmorton Avenue London EC2N 2DL |
| Group telephone | 08457 405 405 |
| Dealing telephone | 0800 445522 |
| broker.services@blackrock.com | |
| Homepage | www.blackrock.co.uk |
| Fax number | 020 7743 1135 |
Dealing
| Minimum Investment | £100000 |
| Minimum Top Up | £100 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product 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 information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 4.28 |
| Beta | 1.01 |
| Sharpe | 0.00 |
| Standard Deviation | 14.78 |
| Info Ratio | 0.63 |
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 | Yes |
| 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 | Yes |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
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.
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.
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.
Liquidity
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
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
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 for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product 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 information or make any warranties regarding results from its usage.
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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 for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product 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 information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.