Prudential Baillie Gifford UK Equity Core 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 | -9.6% | 27.6% | -20.6% | 16.0% | 17.6% |
| Benchmark | -16.6% | 27.9% | -4.0% | 13.8% | 13.4% |
Performance - to latest available quarter end
| Quarter | Annualised | |||
|---|---|---|---|---|
| 3 2024 |
3 Years to 30/09/24 |
5 Years to 30/09/24 |
10 Years to 30/09/24 |
|
| Fund | 6.3% | 2.7% | 4.6% | 6.7% |
| Benchmark | 2.3% | 7.4% | 5.7% | 6.3% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 4.41 |
| MARKS & SPENCER GROUP P.L.C. | 4.23 |
| BUNZL | 4.12 |
| UNILEVER | 3.79 |
| RIO TINTO | 3.78 |
| RELX | 3.61 |
| AUTO TRADER GROUP | 3.46 |
| STANDARD CHARTERED | 3.18 |
| LEGAL & GENERAL GROUP | 3.05 |
| JUST GROUP | 2.99 |
| Total | 36.63 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Baillie Gifford UK Equity Core Fund - the underlying fund.
Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives.
Fund Manager
Iain is a founding member of the Global Stewardship Team and is the lead Iain is a founding member of the Global Stewardship Team and is the lead manager of our UK Core strategy. Most recently, Iain served as Chief of Investment Staff from 2013 to 2018 and became a Partner of the firm in 2005. He initially joined Baillie Gifford in 1994 and spent five years training as an Investment Manager in the US Equities Team before joining the UK Equity Team in 1999. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently trained as a Chartered Accountant.
Fund Overview
| Daily price (19/12/2024) | 445.39 |
| Fund size (31/10/2024) | £8.00m |
| Underlying Fund size | £226.46m |
| Number of holdings | 54 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 05/04/2004 |
Asset Allocation
| UK Equities | 97.69% | |
| Cash and Equivalents | 1.38% | |
| Property | 0.93% |
Commentary
Performance as at Q3 2024 - Holdings in Marks & Spencer, Just Group and Bunzl supported performance during the quarter. In addition, having no exposure to Shell and BP supported relative returns. Marks and Spencer - The turnaround story at high-street retailer, Marks & Spencer, continues to progress as the shares hit a five-year high in the quarter. Most recently, the company has seen strong sales across its food, clothing and home segments. CEO Stuart Machin’s growth plan has focused on modernising the business by developing the retailer’s online presence, closing underperforming stores, opening more out-of-town outlets and tackling some of the logistics inefficiencies that he inherited. Just Group - Just Group is a bulk annuity provider. The latest results have been impressive with a significant increase in profitability. The rising interest rate environment has been a boon for annuity providers as higher rates have narrowed the funding gap for many smaller pension funds, leading to a rise in demand for buyouts. Bunzl - Bunzl’s results during the period showed improvement in margins and a rise in adjusted operating profits. Bunzl has been a holding for more than twenty years and has demonstrated disciplined capital management throughout that period. Holdings in Babcock International, Burberry and Bodycote lagged during the period. International defence company, Babcock was unhelpful for returns. One of its legacy contracts to build new Royal Navy frigates has seen cost overruns resulting in further loss provisions. Babcock management confirmed they have been disappointed by these further provisions and are proactively trying to address the issues in a contract they inherited. However, they also pointed out that this contract is only 5% of the overall business, and the performance and outlook for the rest of the company is very encouraging. The share price of luxury fashion designer and retailer Burberry lagged during the quarter, with the departure of its CEO amid an ongoing slowdown in the luxury goods market. This management change took place shortly after Burberry announced a profit warning in July which also pointed to challenges with their strategy of moving more upmarket. Meeting with the new CEO, Joshua Schulman during the quarter, and planned continuation to engage with senior management in order to understand the company’s strategic direction and long-term growth prospects. Bodycote is a metal heat treatment company, metal joining, coatings and hot isostatic pressing (ie high temps and pressure to give fully dense materials). Its share price was weak in the period with the company having reported lacklustre numbers for Q2. Revenues were down amid soft industrial conditions and currency headwinds. Bodycote is inherently cyclical, so volatility is not, in itself, a reason for worry. The company is low-debt and trades at an attractive multiple. Outlook - While uncertainties will always exist, our patient, long-term approach is critical to the ability to add value for investors. The investment philosophy has been tried and tested over many years and is centred on the key belief that share prices ultimately follow fundamentals. The focus on finding companies that will deliver superior earnings growth over the long term and hold them long enough for their unique strengths to emerge in share prices. Looking ahead, the portfolio comprises companies with significant market opportunities, robust financial positions and the cultural adaptability needed for success. Entuisiasm is key about their prospects and are confident they are well-positioned to deliver superior returns over the long term.
Source: Baillie Gifford
Important Information
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 97.69% | |
| Cash and Equivalents | 1.38% | |
| Property | 0.93% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 26.82% | - | - | - | |
| Industrial Goods & Services | - | 22.23% | - | - | |
| Industrial Support Services | - | - | 6.46% | - | |
| Professional Business Support Services | - | - | - | 2.98% | |
| Industrial Suppliers | - | - | - | 1.27% | |
| Business Training & Employment Agencies | - | - | - | 1.17% | |
| Transaction Processing Services | - | - | - | 1.04% | |
| General Industrials | - | - | 4.12% | - | |
| Diversified Industrials | - | - | - | 4.12% | |
| Industrial Engineering | - | - | 3.89% | - | |
| Machinery: Construction & Handling | - | - | - | 2.49% | |
| Machinery: Industrial | - | - | - | 1.41% | |
| Aerospace & Defence | - | - | 2.89% | - | |
| Defense | - | - | - | 2.66% | |
| Aerospace | - | - | - | 0.23% | |
| Industrial Transportation | - | - | 2.78% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 2.78% | |
| Electronic & Electrical Equipment | - | - | 2.09% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.09% | |
| Construction & Materials | - | 4.59% | - | - | |
| Construction & Materials | - | - | 4.59% | - | |
| Building Materials: Other | - | - | - | 3.20% | |
| Engineering & Contracting Services | - | - | - | 1.39% | |
| Financials | 21.36% | - | - | - | |
| Insurance | - | 12.48% | - | - | |
| Life Insurance | - | - | 8.68% | - | |
| Life Insurance | - | - | - | 8.68% | |
| Non-life Insurance | - | - | 3.80% | - | |
| Property & Casualty Insurance | - | - | - | 2.47% | |
| Full Line Insurance | - | - | - | 1.33% | |
| Financial Services | - | 5.49% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.49% | - | |
| Asset Managers & Custodians | - | - | - | 5.49% | |
| Banks | - | 3.39% | - | - | |
| Banks | - | - | 3.39% | - | |
| Banks | - | - | - | 3.39% | |
| Consumer Discretionary | 17.95% | - | - | - | |
| Media | - | 5.92% | - | - | |
| Media | - | - | 5.92% | - | |
| Publishing | - | - | - | 3.61% | |
| Media Agencies | - | - | - | 2.30% | |
| Retail | - | 5.79% | - | - | |
| Retailers | - | - | 5.79% | - | |
| Specialty Retailers | - | - | - | 2.96% | |
| Home Improvement Retailers | - | - | - | 2.83% | |
| Consumer Products & Services | - | 5.10% | - | - | |
| Household Goods & Home Construction | - | - | 2.84% | - | |
| Home Construction | - | - | - | 2.84% | |
| Leisure Goods | - | - | 1.42% | - | |
| Toys | - | - | - | 1.42% | |
| Personal Goods | - | - | 0.84% | - | |
| Clothing & Accessories | - | - | - | 0.84% | |
| Travel & Leisure | - | 1.14% | - | - | |
| Travel & Leisure | - | - | 1.14% | - | |
| Travel & Tourism | - | - | - | 1.14% | |
| Consumer Staples | 13.04% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 9.23% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 9.23% | - | |
| Food Retailers & Wholesalers | - | - | - | 5.44% | |
| Personal Products | - | - | - | 3.79% | |
| Food, Beverage & Tobacco | - | 3.82% | - | - | |
| Beverages | - | - | 2.92% | - | |
| Distillers & Vintners | - | - | - | 2.92% | |
| Food Producers | - | - | 0.89% | - | |
| Food Products | - | - | - | 0.89% | |
| Health Care | 7.77% | - | - | - | |
| Health Care | - | 7.77% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.77% | - | |
| Pharmaceuticals | - | - | - | 6.72% | |
| Biotechnology | - | - | - | 1.06% | |
| Technology | 3.81% | - | - | - | |
| Technology | - | 3.81% | - | - | |
| Software & Computer Services | - | - | 3.81% | - | |
| Consumer Digital Services | - | - | - | 3.46% | |
| Software | - | - | - | 0.35% | |
| Real Estate | 3.80% | - | - | - | |
| Real Estate | - | 3.80% | - | - | |
| Real Estate Investment & Services | - | - | 2.08% | - | |
| Real Estate Services | - | - | - | 2.08% | |
| Real Estate Investment Trusts | - | - | 1.72% | - | |
| Diversified REITs | - | - | - | 0.93% | |
| Office REITs | - | - | - | 0.79% | |
| Basic Materials | 3.78% | - | - | - | |
| Basic Resources | - | 3.78% | - | - | |
| Industrial Metals & Mining | - | - | 3.78% | - | |
| General Mining | - | - | - | 3.78% | |
| Cash and Equivalents | 1.38% | - | - | - | |
| Energy | 0.28% | - | - | - | |
| Energy | - | 0.28% | - | - | |
| Non-Renewable Energy | - | - | 0.28% | - | |
| Oil: Crude Producers | - | - | - | 0.28% | |
Regional Allocation
| UK | 97.69% | |
| Cash and Equivalents | 1.38% | |
| Property | 0.93% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 97.69% | - | |
United Kingdom
|
- | 97.69% | |
| Cash and Equivalents | 1.38% | - | |
| Property | 0.93% | - | |
Breakdown By Market Cap (%)
| Mega |
|
26.91% |
| Large |
|
23.93% |
| Medium |
|
38.69% |
| Small |
|
8.16% |
| Micro |
|
0.28% |
| Non-Classified |
|
0.65% |
| Cash |
|
1.38% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 4.41% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | MARKS & SPENCER GROUP P.L.C. | 4.23% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 3 | BUNZL | 4.12% | General Industrials | United Kingdom |
| 4 | UNILEVER | 3.79% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 5 | RIO TINTO | 3.78% | Industrial Metals & Mining | United Kingdom |
| 6 | RELX | 3.61% | Media | United Kingdom |
| 7 | AUTO TRADER GROUP | 3.46% | Software & Computer Services | United Kingdom |
| 8 | STANDARD CHARTERED | 3.18% | Banks | United Kingdom |
| 9 | LEGAL & GENERAL GROUP | 3.05% | Life Insurance | United Kingdom |
| 10 | JUST GROUP | 2.99% | Life Insurance | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 3.81% | - | - | - | - | - | - | - | 3.81% |
| Financials | 21.36% | - | - | - | - | - | - | - | 21.36% |
| Real Estate | 2.87% | - | - | - | - | 0.93% | - | - | 3.80% |
| Consumer Discretionary | 17.95% | - | - | - | - | - | - | - | 17.95% |
| Consumer Staples | 13.04% | - | - | - | - | - | - | - | 13.04% |
| Energy | 0.28% | - | - | - | - | - | - | - | 0.28% |
| Health Care | 7.77% | - | - | - | - | - | - | - | 7.77% |
| Industrials | 26.82% | - | - | - | - | - | - | - | 26.82% |
| Basic Materials | 3.78% | - | - | - | - | - | - | - | 3.78% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.38% | 1.38% |
Important Information
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Identification Codes
| Sedol Code | 3420188 |
| Mex Code | PUPAC |
| Isin Code | GB0034201888 |
| Citi Code | P552 |
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 Baillie Gifford UK Equity Core Fund - the underlying fund. Underlying fund objective: The objective of the fund is to invest at least 80% directly or indirectly in shares of UK companies, being those which are incorporated, domiciled or conducting a significant portion of their business in the UK. The fund will be actively managed and may invest in UK companies of any size and in any sector. The fund manager will also assess shares in companies which are directly held using a Norms-based Evaluation and will comply with the fund manager investment policy on assessing breaches of the United Nations Global Compact as outlined in the company "ESG Principles and Guidelines" document. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). The fund may also invest in companies which are listed, quoted or traded in the UK. To the extent that the fund is not fully invested directly or indirectly in shares of such companies, the fund may also invest in other transferable securities of UK companies, deposits and cash. The fund may not invest in or otherwise use derivatives. |
| Benchmark | FTSE All-Share Index + 1% |
| ABI Sector | UK All Companies |
Important Information
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -2.11 |
| Beta | 1.08 |
| Sharpe | 0.00 |
| Standard Deviation | 14.05 |
| Info Ratio | -0.30 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | 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 | No |
| 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
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.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.
These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.
We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.
Higher Risk
These are specialist equity funds that focus on set geographical regions or a particular type of share e.g. shares of smaller companies or those that conform to certain criteria.
Help
Important Information
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2023. FTSE Russell is a trading name of certain of the LSE Group companies. e.g., “FTSE®” “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are a trade mark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is intended for the advisers of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. You should refer to your client's scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this infomation or make any warranties regarding results from its usage.
Prudential is a trading name of Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.