Prudential Global Equity S3

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

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 -9.4% 28.1% -8.8% 13.1% 15.3%
Benchmark -8.0% 24.0% -5.6% 12.4% 15.2%

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 2.6% 6.0% 6.7% 7.5%
Benchmark 2.2% 6.9% 6.9% 7.5%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 2.28
HSBC HOLDINGS 2.24
UNILEVER 1.75
SHELL 1.52
BP 1.14
NATIONAL GRID 1.08
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.00
RELX 0.91
BAE SYSTEMS 0.89
GSK 0.86
Total 13.67

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP Global Equity Fund - the underlying fund.

Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 55% UK equity and 45% mix of overseas company shares. For the overseas shares, the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office. It is a “fund of funds” where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management.

Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 32 years and 6 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Daily price (19/12/2024) 468.40
Fund size (31/10/2024) £67.04m
Underlying Fund size £115.79m
Number of holdings 2311
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 06/04/2001

Asset Allocation

pie chart
  UK Equities 50.07%
  International Equities 41.66%
  Cash and Equivalents 3.94%
  Property 2.16%
  Investment Trusts 0.37%
  International Bonds 0.16%
  Other Assets 1.63%

Commentary

Performance as at Q3 2024 - Equities recorded positive returns during the quarter, despite periodic volatility related to decelerating macroeconomic indicators, shifting global monetary expectations and sharp movements in the Japanese yen. As inflation continued to ease, the US Federal Reserve (Fed) and the Bank of England (BoE) cut interest rates for the first time in over four years. In August, the BoE implemented a 0.25 percentage points cut to its key rate, while the Fed reduced its rate by 0.50 percentage points in September. Following its initial move in June, the European Central Bank made a further cut to interest rates (0.25 percentage points). The fund gained in the quarter and was behind the benchmark and outperformed the comparator. In absolute terms, Pacific and emerging equity markets made the strongest gains, while the UK also registered healthy advances. Japan and Europe made modest gains, while the US was broadly flat, all in sterling terms. Pacific markets were supported by the performance of China and Hong Kong, with the former announcing a range of measures aimed at stimulating the economy and stockmarket towards the end of the quarter. Indonesia, Malaysia, the Philippines, Singapore and Thailand also fared well, while Taiwan and South Korea were hurt by weakness in the technology sector. UK equities were supported by the fairly resilient economic environment and declining inflation, while returns for sterlingbased investors in the Japanese stockmarket were boosted by the appreciation of the yen. In Europe, Spanish and German equity markets were among the strongest areas, while share prices in Denmark and the Netherlands fell sharply. The US stockmarket made healthy gains in local currency terms, but returns for sterling-based investors was held back by the relative weakness of the US dollar. Stockpicking in Europe and Pacific markets was beneficial, while allocation to the US and emerging markets was broadly neutral. Stockpicks in the UK held back relative returns, as did those in China and Japan, but to a lesser extent. The fund retains an above-index allocation to equities. This overweight allocation is a diversified basket across the US, UK, Asia and global emerging markets. Emerging market equities were added to during the period with the move funded from a below-index position in Japanese and Chinese equities. Emerging markets could outperform Japanese equity due to a stable or weaker US dollar, slowing but reasonable developed market economic growth and interest rate cuts from central banks. Central banks are striking a more accommodative tone on monetary policy, following supportive inflation data and some signs of economic softening. The prospect of a soft economic landing in the US, accompanied by lower interest rates and stimulus measures in China should be good for the performance of most asset classes. Heightened geopolitical tensions remain the most obvious near-term risk to this view.

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 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Equities 50.07%
  International Equities 41.66%
  Cash and Equivalents 3.94%
  Property 2.16%
  Investment Trusts 0.37%
  International Bonds 0.16%
  Other Assets 1.63%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 21.51% - - -
 
Banks - 10.09% - -
 
Banks - - 10.09% -
 
Banks - - - 10.09%
 
Financial Services - 6.74% - -
 
Investment Banking & Brokerage Services - - 4.78% -
 
Asset Managers & Custodians - - - 3.37%
 
Investment Services - - - 1.02%
 
Diversified Financial Services - - - 0.39%
 
Finance & Credit Services - - 1.58% -
 
Financial Data & Systems - - - 1.06%
 
Consumer Lending - - - 0.29%
 
Mortgage Finance - - - 0.24%
 
Equity Investment Instruments - - 0.38% -
 
Equity Investment Instruments - - - 0.38%
 
Nonequity Investment Instruments - - 0.01% -
 
Nonequity Investment Instruments - - - 0.01%
 
Insurance - 4.68% - -
 
Life Insurance - - 2.54% -
 
Life Insurance - - - 2.54%
 
Non-life Insurance - - 2.14% -
 
Property & Casualty Insurance - - - 1.20%
 
Full Line Insurance - - - 0.64%
 
Reinsurance - - - 0.19%
 
Insurance Brokers - - - 0.11%
 
Industrials 14.76% - - -
 
Industrial Goods & Services - 13.16% - -
 
Industrial Support Services - - 3.80% -
 
Professional Business Support Services - - - 1.57%
 
Industrial Suppliers - - - 1.30%
 
Business Training & Employment Agencies - - - 0.45%
 
Transaction Processing Services - - - 0.30%
 
Security Services - - - 0.18%
 
General Industrials - - 2.20% -
 
Diversified Industrials - - - 1.22%
 
Containers & Packaging - - - 0.93%
 
Glass - - - 0.03%
 
Paints & Coatings - - - 0.02%
 
Plastics - - - 0.01%
 
Aerospace & Defence - - 2.10% -
 
Defense - - - 1.27%
 
Aerospace - - - 0.83%
 
Electronic & Electrical Equipment - - 1.73% -
 
Electrical Components - - - 0.77%
 
Electronic Equipment: Control & Filter - - - 0.47%
 
Electronic Equipment: Gauges & Meters - - - 0.38%
 
Electronic Equipment: Pollution Control - - - 0.10%
 
Electronic Equipment: Other - - - 0.02%
 
Industrial Engineering - - 1.68% -
 
Machinery: Construction & Handling - - - 0.66%
 
Machinery: Industrial - - - 0.50%
 
Machinery: Engines - - - 0.25%
 
Machinery: Tools - - - 0.19%
 
Machinery: Specialty - - - 0.07%
 
Machinery: Agricultural - - - 0.01%
 
Industrial Transportation - - 1.64% -
 
Railroads - - - 0.41%
 
Marine Transportation - - - 0.36%
 
Delivery Services - - - 0.26%
 
Transportation Services - - - 0.25%
 
Commercial Vehicles & Parts - - - 0.18%
 
Commercial Vehicle-Equipment Leasing - - - 0.17%
 
Trucking - - - 0.01%
 
Construction & Materials - 1.60% - -
 
Construction & Materials - - 1.60% -
 
Construction - - - 0.64%
 
Building Materials: Other - - - 0.40%
 
Cement - - - 0.27%
 
Engineering & Contracting Services - - - 0.13%
 
Building: Climate Control - - - 0.12%
 
Building, Roofing/Wallboard & Plumbing - - - 0.03%
 
Consumer Discretionary 14.25% - - -
 
Retail - 3.74% - -
 
Retailers - - 3.74% -
 
Diversified Retailers - - - 1.64%
 
Specialty Retailers - - - 0.93%
 
Home Improvement Retailers - - - 0.70%
 
Apparel Retailers - - - 0.48%
 
Consumer Products & Services - 3.37% - -
 
Household Goods & Home Construction - - 1.54% -
 
Home Construction - - - 1.42%
 
Household Appliance - - - 0.11%
 
Household Furnishings - - - 0.01%
 
Consumer Services - - 0.74% -
 
Vending & Catering Service - - - 0.67%
 
Consumer Services: Misc. - - - 0.07%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Personal Goods - - 0.58% -
 
Clothing & Accessories - - - 0.27%
 
Luxury Items - - - 0.18%
 
Cosmetics - - - 0.07%
 
Footwear - - - 0.06%
 
Leisure Goods - - 0.51% -
 
Consumer Electronics - - - 0.21%
 
Toys - - - 0.10%
 
Electronic Entertainment - - - 0.09%
 
Photography - - - 0.05%
 
Recreational Vehicles & Boats - - - 0.04%
 
Recreational Products - - - 0.02%
 
Media - 2.94% - -
 
Media - - 2.94% -
 
Publishing - - - 1.42%
 
Media Agencies - - - 1.10%
 
Radio & TV Broadcasters - - - 0.35%
 
Entertainment - - - 0.06%
 
Travel & Leisure - 2.68% - -
 
Travel & Leisure - - 2.68% -
 
Hotels & Motels - - - 1.04%
 
Restaurants & Bars - - - 0.52%
 
Airlines - - - 0.49%
 
Travel & Tourism - - - 0.33%
 
Casinos & Gambling - - - 0.23%
 
Recreational Services - - - 0.06%
 
Automobiles & Parts - 1.52% - -
 
Automobiles & Parts - - 1.52% -
 
Automobiles - - - 1.13%
 
Auto Parts - - - 0.39%
 
Tires - - - 0.00%
 
Consumer Staples 8.42% - - -
 
Personal Care, Drug & Grocery Stores - 4.72% - -
 
Personal Care, Drug & Grocery Stores - - 4.72% -
 
Food Retailers & Wholesalers - - - 2.05%
 
Personal Products - - - 1.88%
 
Nondurable Household Products - - - 0.69%
 
Drug Retailers - - - 0.10%
 
Food, Beverage & Tobacco - 3.70% - -
 
Beverages - - 2.32% -
 
Soft Drinks - - - 1.13%
 
Distillers & Vintners - - - 0.89%
 
Brewers - - - 0.30%
 
Food Producers - - 1.39% -
 
Food Products - - - 1.37%
 
Farming, Fishing, Ranching & Plantations - - - 0.01%
 
Fruit & Grain Processing - - - 0.01%
 
Technology 7.79% - - -
 
Technology - 7.79% - -
 
Software & Computer Services - - 4.18% -
 
Consumer Digital Services - - - 1.73%
 
Software - - - 1.39%
 
Computer Services - - - 1.07%
 
Technology Hardware & Equipment - - 3.61% -
 
Semiconductors - - - 2.32%
 
Computer Hardware - - - 0.59%
 
Production Technology Equipment - - - 0.35%
 
Electronic Components - - - 0.32%
 
Electronic Office Equipment - - - 0.03%
 
Health Care 6.84% - - -
 
Health Care - 6.84% - -
 
Pharmaceuticals & Biotechnology - - 5.61% -
 
Pharmaceuticals - - - 5.39%
 
Biotechnology - - - 0.22%
 
Medical Equipment & Services - - 1.02% -
 
Medical Equipment - - - 0.73%
 
Medical Supplies - - - 0.28%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.20% -
 
Health Care Management Services - - - 0.17%
 
Health Care Facilities - - - 0.03%
 
Health Care Services - - - 0.00%
 
Basic Materials 4.80% - - -
 
Basic Resources - 3.31% - -
 
Industrial Metals & Mining - - 2.54% -
 
General Mining - - - 1.60%
 
Iron & Steel - - - 0.49%
 
Copper - - - 0.29%
 
Metal Fabricating - - - 0.10%
 
Aluminum - - - 0.05%
 
Nonferrous Metals - - - 0.01%
 
Precious Metals & Mining - - 0.62% -
 
Gold Mining - - - 0.60%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.15% -
 
Paper - - - 0.12%
 
Diversified Materials - - - 0.03%
 
Chemicals - 1.50% - -
 
Chemicals - - 1.50% -
 
Chemicals: Diversified - - - 1.02%
 
Specialty Chemicals - - - 0.36%
 
Fertilizers - - - 0.07%
 
Chemicals & Synthetic Fibers - - - 0.04%
 
Energy 4.71% - - -
 
Energy - 4.71% - -
 
Non-Renewable Energy - - 4.68% -
 
Integrated Oil & Gas - - - 3.49%
 
Oil: Crude Producers - - - 0.60%
 
Oil Equipment & Services - - - 0.29%
 
Oil Refining and Marketing - - - 0.17%
 
Pipelines - - - 0.11%
 
Offshore Drilling & Other Services - - - 0.01%
 
Renewable Energy - - 0.04% -
 
Renewable Energy Equipment - - - 0.03%
 
Alternative Fuels - - - 0.01%
 
Real Estate 4.39% - - -
 
Real Estate - 4.39% - -
 
Real Estate Investment Trusts - - 3.07% -
 
Diversified REITs - - - 0.73%
 
Industrial REITs - - - 0.56%
 
Office REITs - - - 0.47%
 
Residential REITs - - - 0.33%
 
Retail REITs - - - 0.33%
 
Storage REITs - - - 0.31%
 
Health Care REITs - - - 0.18%
 
Timber REITs - - - 0.08%
 
Other Specialty REITs - - - 0.07%
 
Hotel & Lodging REITs - - - 0.01%
 
Infrastructure REITs - - - 0.00%
 
Real Estate Investment & Services - - 1.32% -
 
Real Estate Holding and Development - - - 0.81%
 
Real Estate Services - - - 0.51%
 
Cash and Equivalents 3.94% - - -
 
Utilities 3.32% - - -
 
Utilities - 3.32% - -
 
Gas, Water & Multi-utilities - - 2.10% -
 
Multi-Utilities - - - 1.56%
 
Water - - - 0.52%
 
Gas Distribution - - - 0.01%
 
Electricity - - 1.21% -
 
Conventional Electricity - - - 1.17%
 
Alternative Electricity - - - 0.04%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Telecommunications 3.28% - - -
 
Telecommunications - 3.28% - -
 
Telecommunications Service Providers - - 2.11% -
 
Telecommunications Services - - - 2.08%
 
Cable Television Services - - - 0.02%
 
Telecommunications Equipment - - 1.17% -
 
Telecommunications Equipment - - - 1.17%
 
Non-Classified 1.82% - - -
 
Non-Classified - 0.40% - -
 
Non-Classified - - 0.40% -
 
Non-Classified - - - 0.40%
 
Bonds 0.16% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  UK 50.01%
  North America 11.21%
  Developed Europe - Excl UK 11.14%
  Emerging Asia 8.57%
  Japan 5.06%
  Cash and Equivalents 3.94%
  Developed Asia 3.51%
  Property 2.21%
  Non-Classified 2.48%
  Other Regions 1.89%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 95.90%
  Cash 3.94%
  Euro 0.15%
  US Dollar 0.01%
  Swiss Franc 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 50.01% -
 
United Kingdom - 50.07%
 
North America 11.21% -
 
United States - 10.00%
 
Canada - 1.21%
 
Developed Europe - Excl UK 11.14% -
 
Germany - 2.28%
 
France - 2.10%
 
Switzerland - 1.62%
 
Ireland - 1.17%
 
Netherlands - 0.72%
 
Spain - 0.70%
 
Sweden - 0.49%
 
Denmark - 0.43%
 
Italy - 0.36%
 
Finland - 0.35%
 
Belgium - 0.33%
 
Luxembourg - 0.20%
 
Norway - 0.19%
 
Austria - 0.18%
 
Portugal - 0.03%
 
Emerging Asia 8.57% -
 
China - 2.40%
 
South Korea - 2.00%
 
Taiwan - 1.50%
 
India - 1.27%
 
Indonesia - 0.60%
 
Thailand - 0.58%
 
Malaysia - 0.13%
 
Philippines - 0.08%
 
Japan 5.06% -
 
Japan - 5.06%
 
Cash and Equivalents 3.94% -
 
Developed Asia 3.51% -
 
Hong Kong - 2.42%
 
Singapore - 1.09%
 
Property 2.21% -
 
Non-Classified 2.48% -
 
Australia & New Zealand 1.01% -
 
Australia - 0.98%
 
New Caledonia - 0.02%
 
Middle East & Africa 0.32% -
 
South Africa - 0.12%
 
Israel - 0.08%
 
United Arab Emirates - 0.07%
 
Saudi Arabia - 0.04%
 
Egypt - 0.01%
 
South & Central America 0.32% -
 
Brazil - 0.20%
 
Mexico - 0.11%
 
Chile - 0.01%
 
Emerging Europe 0.24% -
 
Greece - 0.11%
 
Turkey - 0.05%
 
Hungary - 0.04%
 
Poland - 0.04%
 
Romania - 0.00%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
40.68%
Large
 
 
23.06%
Medium
 
 
18.97%
Small
 
 
3.18%
Micro
 
 
0.73%
Non-Classified
 
 
9.27%
Bonds
 
 
0.16%
Cash
 
 
3.94%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 2.28% Pharmaceuticals & Biotechnology United Kingdom
2 HSBC HOLDINGS 2.24% Banks United Kingdom
3 UNILEVER 1.75% Personal Care, Drug & Grocery Stores United Kingdom
4 SHELL 1.52% Non-Renewable Energy United Kingdom
5 BP 1.14% Non-Renewable Energy United Kingdom
6 NATIONAL GRID 1.08% Gas, Water & Multi-utilities United Kingdom
7 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.00% Technology Hardware & Equipment Taiwan
8 RELX 0.91% Media United Kingdom
9 BAE SYSTEMS 0.89% Aerospace & Defence United Kingdom
10 GSK 0.86% Pharmaceuticals & Biotechnology United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.49% 6.30% - - - - - - 7.79%
Telecommunications 0.72% 2.56% - 0.15% - - - - 3.42%
Financials 11.69% 9.44% - 0.01% - - 0.37% - 21.52%
Real Estate 1.26% 0.99% - - - 2.14% - - 4.39%
Consumer Discretionary 8.85% 5.40% - 0.01% - - - - 14.26%
Consumer Staples 6.09% 2.33% - - - - - - 8.42%
Energy 3.05% 1.67% - - - - - - 4.71%
Utilities 2.25% 1.07% - - - - 0.01% - 3.33%
Health Care 3.71% 3.12% - - - - - - 6.84%
Industrials 7.88% 6.88% - - - - 0.04% - 14.80%
Basic Materials 2.99% 1.82% - - - - - - 4.80%
Cash and Equivalents - - - - - - - 3.94% 3.94%
Non-Classified 0.09% 0.08% - - - 0.02% 1.58% - 1.77%

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).

Identification Codes

Sedol Code 3168596
Mex Code PUGLE
Isin Code GB0031685968
Citi Code P273

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 Global Equity Fund - the underlying fund. Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 55% UK equity and 45% mix of overseas company shares. For the overseas shares, the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office. It is a “fund of funds” where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Derivative instruments may be used for efficient portfolio management. Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
Benchmark Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO).
ABI Sector Global 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).

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.

You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.

  • Higher Risk
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

Medium to Higher Risk

These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.

Help

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 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members 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. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their 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 information 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.