Prudential BlackRock Aquila UK Equity Index 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

31/12/19
to
31/12/20
31/12/20
to
31/12/21
31/12/21
to
31/12/22
31/12/22
to
31/12/23
31/12/23
to
31/12/24
Fund -9.9% 19.4% 0.0% 5.6% 10.4%
Benchmark -9.8% 18.3% 0.3% 7.9% 9.5%

Performance - to latest available quarter end

Quarter Annualised
4
2024
3 Years to
31/12/24
5 Years to
31/12/24
10 Years to
31/12/24
Fund -0.2% 5.2% 4.6% 6.4%
Benchmark -0.4% 5.8% 4.8% 6.2%

Top 10 Holdings

Stock % Weight
APPLE 6.71
MICROSOFT CORPORATION 5.73
NVIDIA CORPORATION 5.67
AMAZON.COM 3.86
META PLATFORMS 2.84
ALPHABET INC 1.94
BROADCOM 1.76
ALPHABET INC 1.62
TESLA 1.58
JPMORGAN CHASE & CO 1.44
Total 33.16

Fund Aims

Objective:The investment strategy of the fund is to purchase units in the BlackRock Aquila Life UK Equity Index Fund - the underlying fund.

Underlying Fund Objective: The fund invests in the shares of UK companies and aims to achieve a return that is consistent with the return of the FTSE All-Share Index.

Fund Manager

BlackRock Team Managed manager of the underlying fund for 30 years and 6 months

Photo of BlackRock Team Managed BlackRock Team Managed

Fund Overview

Daily price (25/03/2025) 1541.70
Fund size (28/02/2025) £5.51m
Underlying Fund size £2925.59m
Number of holdings 959
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 07/06/2001

Asset Allocation

pie chart
  International Equities 98.23%
  Property 1.44%
  Cash and Equivalents 0.21%
  UK Equities 0.06%
  Money Market 0.06%
  International Bonds 0.00%
  Alternative Trading Strategies 0.00%

Commentary

Performance as at Q4 2024 - Over the month, yields across both US and UK government bonds ticked back up as markets priced out expectations of policy rate cuts for 2025. While the Federal Reserve cut their policy rate in December, as expected, they also indicated a slowing of cuts in 2025 as inflation remained stubborn. Similarly, inflation in the UK showed a renewed stickiness in the November print, leading the market to go from pricing three cuts for 2025 at the end of November, to pricing a little under two and a half cuts by the end of December. The effects of this change in sentiment across both the UK and US markets has been to increase government bond yields, with UK yields reaching their 2024 peak.

Source: BlackRock

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 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
  International Equities 98.23%
  Property 1.44%
  Cash and Equivalents 0.21%
  UK Equities 0.06%
  Money Market 0.06%
  International Bonds 0.00%
  Alternative Trading Strategies 0.00%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 35.51% - - -
 
Technology - 35.51% - -
 
Software & Computer Services - - 17.86% -
 
Software - - - 10.22%
 
Consumer Digital Services - - - 6.65%
 
Computer Services - - - 0.99%
 
Technology Hardware & Equipment - - 17.65% -
 
Semiconductors - - - 9.51%
 
Computer Hardware - - - 7.13%
 
Production Technology Equipment - - - 0.67%
 
Electronic Components - - - 0.34%
 
Consumer Discretionary 14.79% - - -
 
Retail - 7.67% - -
 
Retailers - - 7.67% -
 
Diversified Retailers - - - 5.82%
 
Home Improvement Retailers - - - 1.04%
 
Specialty Retailers - - - 0.42%
 
Apparel Retailers - - - 0.40%
 
Travel & Leisure - 2.04% - -
 
Travel & Leisure - - 2.04% -
 
Restaurants & Bars - - - 1.00%
 
Travel & Tourism - - - 0.65%
 
Hotels & Motels - - - 0.25%
 
Casinos & Gambling - - - 0.06%
 
Recreational Services - - - 0.04%
 
Airlines - - - 0.04%
 
Automobiles & Parts - 1.86% - -
 
Automobiles & Parts - - 1.86% -
 
Automobiles - - - 1.77%
 
Auto Parts - - - 0.08%
 
Media - 1.69% - -
 
Media - - 1.69% -
 
Entertainment - - - 1.27%
 
Radio & TV Broadcasters - - - 0.28%
 
Media Agencies - - - 0.11%
 
Publishing - - - 0.03%
 
Consumer Products & Services - 1.52% - -
 
Consumer Services - - 0.68% -
 
Consumer Services: Misc. - - - 0.68%
 
Personal Goods - - 0.34% -
 
Footwear - - - 0.22%
 
Clothing & Accessories - - - 0.08%
 
Cosmetics - - - 0.03%
 
Leisure Goods - - 0.29% -
 
Electronic Entertainment - - - 0.20%
 
Consumer Electronics - - - 0.07%
 
Recreational Products - - - 0.03%
 
Household Goods & Home Construction - - 0.21% -
 
Home Construction - - - 0.21%
 
Industrials 11.62% - - -
 
Industrial Goods & Services - 11.10% - -
 
Industrial Support Services - - 4.57% -
 
Transaction Processing Services - - - 3.21%
 
Professional Business Support Services - - - 1.07%
 
Industrial Suppliers - - - 0.29%
 
Aerospace & Defence - - 1.96% -
 
Aerospace - - - 1.36%
 
Defense - - - 0.60%
 
General Industrials - - 1.66% -
 
Diversified Industrials - - - 1.32%
 
Paints & Coatings - - - 0.22%
 
Containers & Packaging - - - 0.06%
 
Plastics - - - 0.05%
 
Industrial Transportation - - 1.19% -
 
Railroads - - - 0.52%
 
Delivery Services - - - 0.28%
 
Trucking - - - 0.11%
 
Commercial Vehicles & Parts - - - 0.11%
 
Commercial Vehicle-Equipment Leasing - - - 0.08%
 
Railroad Equipment - - - 0.06%
 
Transportation Services - - - 0.03%
 
Industrial Engineering - - 0.89% -
 
Machinery: Construction & Handling - - - 0.33%
 
Machinery: Agricultural - - - 0.26%
 
Machinery: Industrial - - - 0.14%
 
Machinery: Engines - - - 0.10%
 
Machinery: Tools - - - 0.06%
 
Electronic & Electrical Equipment - - 0.83% -
 
Electronic Equipment: Control & Filter - - - 0.30%
 
Electronic Equipment: Gauges & Meters - - - 0.23%
 
Electronic Equipment: Pollution Control - - - 0.14%
 
Electronic Equipment: Other - - - 0.13%
 
Electrical Components - - - 0.04%
 
Construction & Materials - 0.51% - -
 
Construction & Materials - - 0.51% -
 
Building: Climate Control - - - 0.26%
 
Building Materials: Other - - - 0.18%
 
Engineering & Contracting Services - - - 0.07%
 
Financials 11.39% - - -
 
Financial Services - 5.48% - -
 
Investment Banking & Brokerage Services - - 4.73% -
 
Diversified Financial Services - - - 1.89%
 
Investment Services - - - 1.86%
 
Asset Managers & Custodians - - - 0.98%
 
Finance & Credit Services - - 0.72% -
 
Financial Data & Systems - - - 0.63%
 
Consumer Lending - - - 0.09%
 
Mortgage Real Estate Investment Trusts - - 0.03% -
 
Mortgage REITs: Residential - - - 0.03%
 
Banks - 3.69% - -
 
Banks - - 3.69% -
 
Banks - - - 3.69%
 
Insurance - 2.22% - -
 
Non-life Insurance - - 1.92% -
 
Property & Casualty Insurance - - - 1.01%
 
Insurance Brokers - - - 0.62%
 
Full Line Insurance - - - 0.23%
 
Reinsurance - - - 0.05%
 
Life Insurance - - 0.30% -
 
Life Insurance - - - 0.30%
 
Health Care 10.35% - - -
 
Health Care - 10.35% - -
 
Pharmaceuticals & Biotechnology - - 5.35% -
 
Pharmaceuticals - - - 5.02%
 
Biotechnology - - - 0.32%
 
Medical Equipment & Services - - 3.38% -
 
Medical Equipment - - - 2.92%
 
Medical Supplies - - - 0.36%
 
Medical Services - - - 0.10%
 
Health Care Providers - - 1.61% -
 
Health Care Management Services - - - 1.34%
 
Health Care Facilities - - - 0.14%
 
Health Care Services - - - 0.13%
 
Consumer Staples 4.35% - - -
 
Food, Beverage & Tobacco - 2.56% - -
 
Beverages - - 1.21% -
 
Soft Drinks - - - 1.13%
 
Brewers - - - 0.07%
 
Distillers & Vintners - - - 0.01%
 
Food Producers - - 0.69% -
 
Food Products - - - 0.54%
 
Farming, Fishing, Ranching & Plantations - - - 0.08%
 
Fruit & Grain Processing - - - 0.07%
 
Tobacco - - 0.66% -
 
Tobacco - - - 0.66%
 
Personal Care, Drug & Grocery Stores - 1.79% - -
 
Personal Care, Drug & Grocery Stores - - 1.79% -
 
Personal Products - - - 1.12%
 
Drug Retailers - - - 0.42%
 
Food Retailers & Wholesalers - - - 0.16%
 
Nondurable Household Products - - - 0.09%
 
Energy 3.35% - - -
 
Energy - 3.35% - -
 
Non-Renewable Energy - - 3.31% -
 
Integrated Oil & Gas - - - 1.50%
 
Oil: Crude Producers - - - 0.66%
 
Pipelines - - - 0.54%
 
Oil Refining and Marketing - - - 0.28%
 
Oil Equipment & Services - - - 0.25%
 
Offshore Drilling & Other Services - - - 0.08%
 
Renewable Energy - - 0.04% -
 
Renewable Energy Equipment - - - 0.04%
 
Utilities 2.60% - - -
 
Utilities - 2.60% - -
 
Electricity - - 1.76% -
 
Conventional Electricity - - - 1.76%
 
Gas, Water & Multi-utilities - - 0.56% -
 
Multi-Utilities - - - 0.43%
 
Gas Distribution - - - 0.08%
 
Water - - - 0.05%
 
Waste & Disposal Services - - 0.27% -
 
Waste & Disposal Services - - - 0.27%
 
Real Estate 2.28% - - -
 
Real Estate - 2.28% - -
 
Real Estate Investment Trusts - - 2.10% -
 
Other Specialty REITs - - - 0.38%
 
Residential REITs - - - 0.32%
 
Infrastructure REITs - - - 0.31%
 
Health Care REITs - - - 0.31%
 
Retail REITs - - - 0.27%
 
Industrial REITs - - - 0.22%
 
Storage REITs - - - 0.09%
 
Hotel & Lodging REITs - - - 0.09%
 
Timber REITs - - - 0.04%
 
Diversified REITs - - - 0.03%
 
Office REITs - - - 0.02%
 
Real Estate Investment & Services - - 0.18% -
 
Real Estate Services - - - 0.18%
 
Real Estate Holding and Development - - - 0.01%
 
Telecommunications 2.16% - - -
 
Telecommunications - 2.16% - -
 
Telecommunications Service Providers - - 1.31% -
 
Telecommunications Services - - - 0.98%
 
Cable Television Services - - - 0.33%
 
Telecommunications Equipment - - 0.85% -
 
Telecommunications Equipment - - - 0.85%
 
Basic Materials 1.34% - - -
 
Chemicals - 0.86% - -
 
Chemicals - - 0.86% -
 
Chemicals: Diversified - - - 0.62%
 
Specialty Chemicals - - - 0.21%
 
Fertilizers - - - 0.03%
 
Basic Resources - 0.48% - -
 
Industrial Metals & Mining - - 0.30% -
 
Copper - - - 0.12%
 
Iron & Steel - - - 0.10%
 
Metal Fabricating - - - 0.08%
 
Precious Metals & Mining - - 0.09% -
 
Gold Mining - - - 0.09%
 
Industrial Materials - - 0.09% -
 
Paper - - - 0.05%
 
Diversified Materials - - - 0.03%
 
Cash and Equivalents 0.27% - - -
 
Bonds 0.00% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%
 
Non-Classified 0.00% - - -

Regional Allocation

pie chart
  North America 95.64%
  Developed Europe - Excl UK 2.72%
  Property 1.25%
  Cash and Equivalents 0.27%
  UK 0.06%
  Middle East & Africa 0.03%
  Developed Asia 0.03%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 99.47%
  Pound Sterling 0.32%
  Cash 0.21%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 95.64% -
 
United States - 95.64%
 
Developed Europe - Excl UK 2.72% -
 
Ireland - 2.06%
 
Switzerland - 0.32%
 
Luxembourg - 0.18%
 
Netherlands - 0.17%
 
Property 1.25% -
 
Cash and Equivalents 0.27% -
 
UK 0.06% -
 
United Kingdom - 0.06%
 
Middle East & Africa 0.03% -
 
Israel - 0.03%
 
Developed Asia 0.03% -
 
Singapore - 0.03%

Breakdown By Market Cap (%)

Mega
 
 
76.43%
Large
 
 
14.72%
Medium
 
 
2.42%
Micro
 
 
0.02%
Non-Classified
 
 
6.15%
Cash
 
 
0.27%

Top 10 Holdings

Stock % Weight Sector Country
1 APPLE 6.71% Technology Hardware & Equipment United States
2 MICROSOFT CORPORATION 5.73% Software & Computer Services United States
3 NVIDIA CORPORATION 5.67% Technology Hardware & Equipment United States
4 AMAZON.COM 3.86% Retailers United States
5 META PLATFORMS 2.84% Software & Computer Services United States
6 ALPHABET INC 1.94% Software & Computer Services United States
7 BROADCOM 1.76% Technology Hardware & Equipment United States
8 ALPHABET INC 1.62% Software & Computer Services United States
9 TESLA 1.58% Automobiles & Parts United States
10 JPMORGAN CHASE & CO 1.44% Banks United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 35.51% - - - - - - 35.51%
Telecommunications - 2.16% - - - - - - 2.16%
Financials - 11.36% - - - 0.03% - - 11.39%
Real Estate - 0.87% - - - 1.42% - - 2.28%
Consumer Discretionary - 14.79% - - - - - - 14.79%
Consumer Staples 0.03% 4.31% - - - - - - 4.35%
Energy - 3.35% - - - - - - 3.35%
Utilities - 2.60% - - - - - - 2.60%
Health Care 0.03% 10.32% - - - - - - 10.35%
Industrials - 11.62% - - - - - - 11.62%
Basic Materials - 1.34% - - - - - - 1.34%
Cash and Equivalents - - - - - - - 0.21% 0.21%
Bonds - - - - - - - - -
Non-Classified - - - - - - - 0.06% 0.06%

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 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 B08ZTQ5
Mex Code PUGIU
Isin Code GB00B08ZTQ53
Citi Code UO47

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 BlackRock Aquila Life UK Equity Index Fund - the underlying fund. Underlying Fund Objective: The fund invests in the shares of UK companies and aims to achieve a return that is consistent with the return of the FTSE All-Share Index.
Benchmark FTSE All-Share Index
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.

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

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

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

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 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.