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

30/06/19
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 -8.8% 26.8% -4.7% 7.9% 14.1%
Benchmark -6.2% 22.3% -2.1% 8.2% 14.0%

Performance - to latest available quarter end

Quarter Annualised
2
2024
3 Years to
30/06/24
5 Years to
30/06/24
10 Years to
30/06/24
Fund 3.5% 5.5% 6.3% 7.2%
Benchmark 3.1% 6.5% 6.7% 7.3%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 4.02
HSBC HOLDINGS 3.59
UNILEVER 2.50
SHELL 2.06
BP 1.96
GSK 1.36
LONDON STOCK EXCHANGE GROUP 1.25
DIAGEO 1.24
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.05
NATIONAL GRID 1.03
Total 20.05

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 3 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 (29/08/2024) 474.10
Fund size (31/07/2024) £70.80m
Underlying Fund size £119.44m
Number of holdings 3172
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 50.60%
  International Equities 35.15%
  Cash and Equivalents 4.23%
  Property 1.49%
  Investment Trusts 0.64%
  Alternative Trading Strategies 0.61%
  International Bonds 0.03%
  Other Assets 7.26%

Commentary

Performance as at Q2 2024 - Initial worries about seemingly persistent inflation gave way to a more positive environment for global equities as investors increasingly anticipated cuts to interest rates. The European Central Bank (ECB) cut rates in June, while the US Federal Reserve indicated that further hikes were unlikely. Global equity markets gained in the second quarter. The fund advanced in the quarter and was ahead of the benchmark and the comparator. Pacific and emerging markets were among the strongest performing areas, in absolute terms, with US and UK and European equities also making gains, while Japan declined, all in sterling terms. Asia’s better performing stockmarkets included China, India and Taiwan, with Chinese equities continuing to recover from lows in January. Emerging markets were also boosted overall by China’s rebound. US equities were supported by improved investor sentiment on the back of the greater likelihood of interest rate cuts in the near term. Optimism regarding artificial intelligence (AI) and related technology companies also provided a boost. In the UK, inflation reached the Bank of England’s (BoE) target level, raising hopes for a rate cut in the summer. The prospect of a widely predicted outcome to the UK’s general election in early July was broadly welcomed by investors. Within Europe, some strong corporate earnings bolstered sentiment, but the announcement of a snap election in France raised uncertainty. Despite the ECB’s recent cut in interest rates, the scope for further cuts may be restricted due to stubborn inflation. The Japanese yen weakened notably over the quarter, leading to an erosion in returns for sterling-based investors. Stockpicking in the UK, US and Pacific markets was beneficial, while selection in Europe and Japan was broadly neutral. Stockpicks in emerging markets held back relative performance.

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 50.60%
  International Equities 35.15%
  Cash and Equivalents 4.23%
  Property 1.49%
  Investment Trusts 0.64%
  Alternative Trading Strategies 0.61%
  International Bonds 0.03%
  Other Assets 7.26%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 20.73% - - -
 
Banks - 10.16% - -
 
Banks - - 10.16% -
 
Banks - - - 10.16%
 
Financial Services - 6.65% - -
 
Investment Banking & Brokerage Services - - 4.15% -
 
Asset Managers & Custodians - - - 2.72%
 
Investment Services - - - 1.09%
 
Diversified Financial Services - - - 0.33%
 
Finance & Credit Services - - 1.86% -
 
Financial Data & Systems - - - 1.45%
 
Mortgage Finance - - - 0.22%
 
Consumer Lending - - - 0.18%
 
Equity Investment Instruments - - 0.65% -
 
Equity Investment Instruments - - - 0.65%
 
Insurance - 3.92% - -
 
Life Insurance - - 2.37% -
 
Life Insurance - - - 2.37%
 
Non-life Insurance - - 1.55% -
 
Property & Casualty Insurance - - - 1.02%
 
Full Line Insurance - - - 0.31%
 
Reinsurance - - - 0.12%
 
Insurance Brokers - - - 0.11%
 
Industrials 12.24% - - -
 
Industrial Goods & Services - 10.84% - -
 
Industrial Support Services - - 3.14% -
 
Professional Business Support Services - - - 1.74%
 
Business Training & Employment Agencies - - - 0.59%
 
Transaction Processing Services - - - 0.42%
 
Industrial Suppliers - - - 0.34%
 
Security Services - - - 0.04%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 1.81% -
 
Diversified Industrials - - - 1.08%
 
Containers & Packaging - - - 0.67%
 
Glass - - - 0.03%
 
Paints & Coatings - - - 0.02%
 
Plastics - - - 0.00%
 
Industrial Engineering - - 1.68% -
 
Machinery: Industrial - - - 0.63%
 
Machinery: Construction & Handling - - - 0.51%
 
Machinery: Engines - - - 0.22%
 
Machinery: Tools - - - 0.19%
 
Machinery: Specialty - - - 0.12%
 
Machinery: Agricultural - - - 0.01%
 
Industrial Transportation - - 1.62% -
 
Marine Transportation - - - 0.58%
 
Delivery Services - - - 0.32%
 
Transportation Services - - - 0.28%
 
Railroads - - - 0.23%
 
Commercial Vehicle-Equipment Leasing - - - 0.15%
 
Commercial Vehicles & Parts - - - 0.05%
 
Trucking - - - 0.01%
 
Railroad Equipment - - - 0.00%
 
Aerospace & Defence - - 1.40% -
 
Defense - - - 0.74%
 
Aerospace - - - 0.66%
 
Electronic & Electrical Equipment - - 1.20% -
 
Electrical Components - - - 0.80%
 
Electronic Equipment: Gauges & Meters - - - 0.19%
 
Electronic Equipment: Control & Filter - - - 0.11%
 
Electronic Equipment: Pollution Control - - - 0.09%
 
Electronic Equipment: Other - - - 0.02%
 
Construction & Materials - 1.39% - -
 
Construction & Materials - - 1.39% -
 
Construction - - - 0.48%
 
Engineering & Contracting Services - - - 0.24%
 
Building, Roofing/Wallboard & Plumbing - - - 0.22%
 
Building Materials: Other - - - 0.19%
 
Cement - - - 0.13%
 
Building: Climate Control - - - 0.13%
 
Consumer Discretionary 10.36% - - -
 
Media - 2.59% - -
 
Media - - 2.59% -
 
Publishing - - - 1.44%
 
Media Agencies - - - 0.77%
 
Radio & TV Broadcasters - - - 0.32%
 
Entertainment - - - 0.07%
 
Consumer Products & Services - 2.55% - -
 
Consumer Services - - 0.71% -
 
Vending & Catering Service - - - 0.64%
 
Consumer Services: Misc. - - - 0.07%
 
Rental & Leasing Services: Consumer - - - 0.00%
 
Education Services - - - 0.00%
 
Leisure Goods - - 0.69% -
 
Toys - - - 0.26%
 
Consumer Electronics - - - 0.22%
 
Electronic Entertainment - - - 0.10%
 
Photography - - - 0.06%
 
Recreational Vehicles & Boats - - - 0.03%
 
Recreational Products - - - 0.02%
 
Household Goods & Home Construction - - 0.68% -
 
Home Construction - - - 0.58%
 
Household Appliance - - - 0.09%
 
Household Furnishings - - - 0.01%
 
Household Equipment & Products - - - 0.00%
 
Personal Goods - - 0.48% -
 
Clothing & Accessories - - - 0.29%
 
Cosmetics - - - 0.09%
 
Footwear - - - 0.06%
 
Luxury Items - - - 0.03%
 
Retail - 2.19% - -
 
Retailers - - 2.19% -
 
Diversified Retailers - - - 1.12%
 
Home Improvement Retailers - - - 0.48%
 
Specialty Retailers - - - 0.31%
 
Apparel Retailers - - - 0.28%
 
Travel & Leisure - 1.57% - -
 
Travel & Leisure - - 1.57% -
 
Hotels & Motels - - - 0.43%
 
Casinos & Gambling - - - 0.35%
 
Restaurants & Bars - - - 0.31%
 
Recreational Services - - - 0.26%
 
Travel & Tourism - - - 0.16%
 
Airlines - - - 0.06%
 
Automobiles & Parts - 1.45% - -
 
Automobiles & Parts - - 1.45% -
 
Automobiles - - - 1.06%
 
Auto Parts - - - 0.39%
 
Tires - - - 0.00%
 
Health Care 8.76% - - -
 
Health Care - 8.76% - -
 
Pharmaceuticals & Biotechnology - - 7.81% -
 
Pharmaceuticals - - - 7.19%
 
Biotechnology - - - 0.62%
 
Medical Equipment & Services - - 0.72% -
 
Medical Equipment - - - 0.60%
 
Medical Supplies - - - 0.11%
 
Medical Services - - - 0.01%
 
Health Care Providers - - 0.23% -
 
Health Care Management Services - - - 0.21%
 
Health Care Facilities - - - 0.02%
 
Health Care Services - - - 0.00%
 
Consumer Staples 8.54% - - -
 
Personal Care, Drug & Grocery Stores - 4.70% - -
 
Personal Care, Drug & Grocery Stores - - 4.70% -
 
Personal Products - - - 2.64%
 
Nondurable Household Products - - - 0.99%
 
Food Retailers & Wholesalers - - - 0.98%
 
Drug Retailers - - - 0.10%
 
Food, Beverage & Tobacco - 3.84% - -
 
Beverages - - 2.40% -
 
Distillers & Vintners - - - 1.34%
 
Soft Drinks - - - 0.82%
 
Brewers - - - 0.23%
 
Food Producers - - 1.26% -
 
Food Products - - - 1.20%
 
Farming, Fishing, Ranching & Plantations - - - 0.05%
 
Fruit & Grain Processing - - - 0.01%
 
Tobacco - - 0.18% -
 
Tobacco - - - 0.18%
 
Technology 7.72% - - -
 
Technology - 7.72% - -
 
Technology Hardware & Equipment - - 3.95% -
 
Semiconductors - - - 2.54%
 
Computer Hardware - - - 0.61%
 
Electronic Components - - - 0.40%
 
Production Technology Equipment - - - 0.37%
 
Electronic Office Equipment - - - 0.03%
 
Software & Computer Services - - 3.77% -
 
Consumer Digital Services - - - 1.59%
 
Software - - - 1.48%
 
Computer Services - - - 0.70%
 
Non-Classified 7.68% - - -
 
Non-Classified - 6.77% - -
 
Non-Classified - - 6.77% -
 
Non-Classified - - - 6.77%
 
Energy 6.03% - - -
 
Energy - 6.03% - -
 
Non-Renewable Energy - - 5.84% -
 
Integrated Oil & Gas - - - 4.76%
 
Oil: Crude Producers - - - 0.63%
 
Oil Refining and Marketing - - - 0.20%
 
Oil Equipment & Services - - - 0.14%
 
Pipelines - - - 0.11%
 
Offshore Drilling & Other Services - - - 0.00%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.19% -
 
Alternative Fuels - - - 0.17%
 
Renewable Energy Equipment - - - 0.02%
 
Cash and Equivalents 4.23% - - -
 
Basic Materials 4.20% - - -
 
Basic Resources - 3.11% - -
 
Industrial Metals & Mining - - 2.87% -
 
General Mining - - - 2.16%
 
Copper - - - 0.30%
 
Iron & Steel - - - 0.21%
 
Metal Fabricating - - - 0.10%
 
Nonferrous Metals - - - 0.07%
 
Aluminum - - - 0.04%
 
Precious Metals & Mining - - 0.19% -
 
Gold Mining - - - 0.17%
 
Platinum & Precious Metals - - - 0.02%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.05% -
 
Diversified Materials - - - 0.03%
 
Paper - - - 0.02%
 
Textile Products - - - 0.00%
 
Chemicals - 1.09% - -
 
Chemicals - - 1.09% -
 
Chemicals: Diversified - - - 0.68%
 
Specialty Chemicals - - - 0.33%
 
Fertilizers - - - 0.04%
 
Chemicals & Synthetic Fibers - - - 0.04%
 
Telecommunications 3.38% - - -
 
Telecommunications - 3.38% - -
 
Telecommunications Service Providers - - 2.03% -
 
Telecommunications Services - - - 2.02%
 
Cable Television Services - - - 0.02%
 
Telecommunications Equipment - - 1.34% -
 
Telecommunications Equipment - - - 1.34%
 
Utilities 2.76% - - -
 
Utilities - 2.76% - -
 
Gas, Water & Multi-utilities - - 1.71% -
 
Multi-Utilities - - - 1.28%
 
Water - - - 0.41%
 
Gas Distribution - - - 0.02%
 
Electricity - - 1.02% -
 
Conventional Electricity - - - 0.98%
 
Alternative Electricity - - - 0.04%
 
Waste & Disposal Services - - 0.02% -
 
Waste & Disposal Services - - - 0.02%
 
Real Estate 2.74% - - -
 
Real Estate - 2.74% - -
 
Real Estate Investment Trusts - - 1.92% -
 
Industrial REITs - - - 0.63%
 
Diversified REITs - - - 0.29%
 
Office REITs - - - 0.28%
 
Retail REITs - - - 0.26%
 
Residential REITs - - - 0.21%
 
Timber REITs - - - 0.10%
 
Storage REITs - - - 0.07%
 
Health Care REITs - - - 0.05%
 
Other Specialty REITs - - - 0.02%
 
Hotel & Lodging REITs - - - 0.01%
 
Infrastructure REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.82% -
 
Real Estate Holding and Development - - - 0.57%
 
Real Estate Services - - - 0.25%
 
Alternative Trading Strategies 0.61% - - -
 
Alternative Trading Strategies - 0.61% - -
 
Alternative Trading Strategies - - 0.61% -
 
Alternative Trading Strategies - - - 0.61%
 
Bonds 0.03% - - -

Regional Allocation

pie chart
  UK 51.31%
  North America 10.86%
  Emerging Asia 9.08%
  Non-Classified 8.21%
  Japan 4.93%
  Developed Europe - Excl UK 4.48%
  Cash and Equivalents 4.23%
  Developed Asia 3.31%
  Property 1.55%
  Other Regions 2.04%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 95.74%
  Cash 4.23%
  Euro 0.02%
  US Dollar 0.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 51.31% -
 
United Kingdom - 51.21%
 
Jersey - 0.10%
 
Isle of Man - 0.09%
 
North America 10.86% -
 
United States - 9.52%
 
Canada - 1.34%
 
Emerging Asia 9.08% -
 
South Korea - 2.55%
 
China - 2.08%
 
Taiwan - 1.62%
 
India - 1.43%
 
Indonesia - 0.62%
 
Thailand - 0.57%
 
Malaysia - 0.12%
 
Philippines - 0.08%
 
Non-Classified 8.21% -
 
Japan 4.93% -
 
Japan - 4.93%
 
Developed Europe - Excl UK 4.48% -
 
Ireland - 0.86%
 
Switzerland - 0.82%
 
France - 0.70%
 
Germany - 0.55%
 
Netherlands - 0.38%
 
Sweden - 0.28%
 
Denmark - 0.26%
 
Spain - 0.22%
 
Italy - 0.13%
 
Belgium - 0.12%
 
Finland - 0.07%
 
Norway - 0.04%
 
Portugal - 0.03%
 
Luxembourg - 0.02%
 
Austria - 0.00%
 
Cash and Equivalents 4.23% -
 
Developed Asia 3.31% -
 
Hong Kong - 2.19%
 
Singapore - 1.11%
 
Property 1.55% -
 
Australia & New Zealand 1.16% -
 
Australia - 1.13%
 
New Caledonia - 0.03%
 
South & Central America 0.33% -
 
Brazil - 0.21%
 
Mexico - 0.11%
 
Chile - 0.01%
 
Colombia - 0.00%
 
Cayman Islands - 0.00%
 
Peru - 0.00%
 
Middle East & Africa 0.29% -
 
South Africa - 0.13%
 
United Arab Emirates - 0.08%
 
Israel - 0.07%
 
Egypt - 0.01%
 
Saudi Arabia - 0.00%
 
Qatar - 0.00%
 
Kuwait - 0.00%
 
Emerging Europe 0.26% -
 
Greece - 0.11%
 
Turkey - 0.06%
 
Hungary - 0.04%
 
Poland - 0.04%
 
Romania - 0.00%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
43.69%
Large
 
 
16.33%
Medium
 
 
11.60%
Small
 
 
5.54%
Micro
 
 
1.58%
Non-Classified
 
 
17.01%
Bonds
 
 
0.03%
Cash
 
 
4.23%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 4.02% Pharmaceuticals & Biotechnology United Kingdom
2 HSBC HOLDINGS 3.59% Banks United Kingdom
3 UNILEVER 2.50% Personal Care, Drug & Grocery Stores United Kingdom
4 SHELL 2.06% Non-Renewable Energy United Kingdom
5 BP 1.96% Non-Renewable Energy United Kingdom
6 GSK 1.36% Pharmaceuticals & Biotechnology United Kingdom
7 LONDON STOCK EXCHANGE GROUP 1.25% Finance & Credit Services United Kingdom
8 DIAGEO 1.24% Beverages United Kingdom
9 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.05% Technology Hardware & Equipment Taiwan
10 NATIONAL GRID 1.03% Gas, Water & Multi-utilities United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.60% 6.12% - - - - - - 7.72%
Telecommunications 0.71% 2.67% - 0.02% - - - - 3.39%
Financials 12.14% 7.95% - - - - 0.64% - 20.74%
Real Estate 0.50% 0.78% - - - 1.46% 0.01% - 2.76%
Consumer Discretionary 5.68% 4.68% - 0.01% - - - - 10.37%
Consumer Staples 6.91% 1.63% - - - - - - 8.54%
Energy 4.77% 1.25% - - - - - - 6.03%
Utilities 1.91% 0.84% - - - - 0.02% - 2.77%
Health Care 6.41% 2.36% - - - - - - 8.76%
Industrials 7.16% 5.07% - - - - - - 12.24%
Basic Materials 2.56% 1.65% - - - - - - 4.20%
Cash and Equivalents - - - - - - - 4.23% 4.23%
Non-Classified 0.26% 0.14% - - - 0.03% 7.84% - 8.26%

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).

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 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).
Sector ABI 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).

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

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

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.

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.