Prudential BlackRock Aquila Pacific Rim Equity Index 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 | -2.2% | 20.6% | -6.8% | 3.4% | 12.2% |
| Benchmark | -3.2% | 22.3% | -9.2% | 5.1% | 10.5% |
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 | 3.0% | 2.6% | 5.0% | 7.1% |
| Benchmark | 1.5% | 1.8% | 4.5% | 6.9% |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SAMSUNG ELECTRONICS CO. LTD | 6.91 |
| COMMONWEALTH BANK OF AUSTRALIA | 5.30 |
| BHP GROUP LIMITED | 4.76 |
| CSL LTD | 3.07 |
| AIA GROUP LIMITED | 3.01 |
| NATIONAL AUSTRALIA BANK LIMITED | 2.67 |
| WESTPAC BANKING CORPORATION | 2.47 |
| SK HYNIX | 2.46 |
| AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 2.08 |
| DBS GROUP HOLDINGS LTD | 1.99 |
| Total | 34.73 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Blackrock Aquila Life Pacific Rim Equity Index Fund - the underlying fund.
Underlying Fund Objective: This fund invests in the shares of companies in the Pacific Rim and aims to achieve a return that is consistent with the return of the FTSE All-World Developed Asia Pacific ex-Japan Index.
Performance objective: To match the performance of the benchmark.
Fund Manager
BlackRock Team Managed
Fund Overview
| Daily price (17/12/2024) | 649.80 |
| Fund size (31/10/2024) | £2.85m |
| Underlying Fund size | £730.62m |
| Number of holdings | 388 |
| Annual Management Charge (AMC) | Please refer to the "Fund Guide" for your specific pension plan |
| Launch date | 30/04/2004 |
Asset Allocation
| International Equities | 93.90% | |
| Property | 4.15% | |
| Cash and Equivalents | 0.47% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 1.47% |
Commentary
Performance as at Q3 2024 - MSCI Asia Pacific ex Japan delivered 10.4% in Q3, turbocharged by the Federal Reserve’s (Fed) deep cut (50bps) on September 19th and surprise policy boost by Chinese government on September 24th. China's released policy measures since September 24 includes moderate rate cuts, lending facilities for equity purchase and buybacks and relaxation in tier-1 cities home purchase restrictions. Investors expect more fiscal stimulus to come. China and Hong Kong led the rally along with Thailand in Q3 while tech-heavy countries such as Korea and Taiwan underperformed as investor appetite on the artificial intelligence (AI) techs dissipated over the period. The Bank of Japan (BoJ) policy rate hike and hawkish comments drove a big sell-off on August 5th (-12%). For further context, the rest of global markets were joining the easing policies, Japan was in the opposite direction – both equity and FX markets were volatile due to the concerns on the future path of BoJ rate hike, and a surprise win of Ishiba as the next PM on the September 27th election threw an extra concern on further hawkish policies in the future. The Japanese Yen continued to appreciate and hit the sub-140 before it bounced back to 144 at the end of the month. Tokyo Stock Price Index (TOPIX) fell 2.5% (0.7% in USD). The fund underperformed the index by 0.8% this quarter. Stock selection contributed to the underperformance over the period, with muted returns from country, industry and risk factor exposures. Fundamental insights were most detractive, specifically those focused on the China market selecting companies with cheap forecast earnings per share (EPS) profits to price or higher cash flows to electric vehicle. China-focused momentum-driven insights also struggled to navigate market volatility, particularly near the tail-end of the quarter. Those monitoring retail trade activity as a proxy for investor sentiment, along with leveraging Natural Language Processing techniques to analyse mass volumes of broker reports and gauge market participation, were a few examples that were detractive. On the other hand, Sentiment-based insights captured trends across the rest of the Asia ex Japan market effectively – looking at mobile app usage for retail behaviour, along with monitoring mutual fund positioning to avoid crowded trades proved additive. The machine-learned complex combining the most suitable set of insights to optimise alpha generation showed high efficacy, albeit not enough to offset losses. Underweight positions in Korean and Chinese Health Care names, along with the Hong Kong Real Estate sector, were detractive. On the other hand, overweights in Communication Services across Singapore/Taiwan/India, along with Indian Energy names, were additive.
Source: BlackRock
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: 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.
Asset Allocation
| International Equities | 93.90% | |
| Property | 4.15% | |
| Cash and Equivalents | 0.47% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 1.47% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 31.09% | - | - | - | |
| Banks | - | 20.16% | - | - | |
| Banks | - | - | 20.16% | - | |
| Banks | - | - | - | 20.16% | |
| Insurance | - | 5.60% | - | - | |
| Life Insurance | - | - | 3.54% | - | |
| Life Insurance | - | - | - | 3.54% | |
| Non-life Insurance | - | - | 2.06% | - | |
| Property & Casualty Insurance | - | - | - | 1.42% | |
| Full Line Insurance | - | - | - | 0.51% | |
| Insurance Brokers | - | - | - | 0.14% | |
| Financial Services | - | 5.33% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.30% | - | |
| Investment Services | - | - | - | 4.52% | |
| Asset Managers & Custodians | - | - | - | 0.44% | |
| Diversified Financial Services | - | - | - | 0.34% | |
| Finance & Credit Services | - | - | 0.03% | - | |
| Consumer Lending | - | - | - | 0.03% | |
| Basic Materials | 10.34% | - | - | - | |
| Basic Resources | - | 9.62% | - | - | |
| Industrial Metals & Mining | - | - | 8.73% | - | |
| General Mining | - | - | - | 6.99% | |
| Iron & Steel | - | - | - | 1.70% | |
| Copper | - | - | - | 0.04% | |
| Precious Metals & Mining | - | - | 0.89% | - | |
| Gold Mining | - | - | - | 0.66% | |
| Platinum & Precious Metals | - | - | - | 0.24% | |
| Chemicals | - | 0.72% | - | - | |
| Chemicals | - | - | 0.72% | - | |
| Chemicals: Diversified | - | - | - | 0.52% | |
| Specialty Chemicals | - | - | - | 0.17% | |
| Fertilizers | - | - | - | 0.03% | |
| Industrials | 9.49% | - | - | - | |
| Industrial Goods & Services | - | 8.42% | - | - | |
| General Industrials | - | - | 2.54% | - | |
| Diversified Industrials | - | - | - | 1.21% | |
| Containers & Packaging | - | - | - | 1.18% | |
| Glass | - | - | - | 0.08% | |
| Plastics | - | - | - | 0.05% | |
| Paints & Coatings | - | - | - | 0.03% | |
| Industrial Transportation | - | - | 2.19% | - | |
| Marine Transportation | - | - | - | 0.97% | |
| Transportation Services | - | - | - | 0.74% | |
| Railroads | - | - | - | 0.31% | |
| Delivery Services | - | - | - | 0.11% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.06% | |
| Electronic & Electrical Equipment | - | - | 1.70% | - | |
| Electrical Components | - | - | - | 1.70% | |
| Industrial Engineering | - | - | 0.92% | - | |
| Machinery: Tools | - | - | - | 0.64% | |
| Machinery: Industrial | - | - | - | 0.21% | |
| Machinery: Construction & Handling | - | - | - | 0.07% | |
| Aerospace & Defence | - | - | 0.59% | - | |
| Aerospace | - | - | - | 0.59% | |
| Industrial Support Services | - | - | 0.47% | - | |
| Business Training & Employment Agencies | - | - | - | 0.19% | |
| Professional Business Support Services | - | - | - | 0.15% | |
| Industrial Suppliers | - | - | - | 0.08% | |
| Security Services | - | - | - | 0.03% | |
| Transaction Processing Services | - | - | - | 0.01% | |
| Construction & Materials | - | 1.07% | - | - | |
| Construction & Materials | - | - | 1.07% | - | |
| Building Materials: Other | - | - | - | 0.53% | |
| Engineering & Contracting Services | - | - | - | 0.27% | |
| Construction | - | - | - | 0.16% | |
| Building: Climate Control | - | - | - | 0.11% | |
| Telecommunications | 9.22% | - | - | - | |
| Telecommunications | - | 9.22% | - | - | |
| Telecommunications Equipment | - | - | 7.93% | - | |
| Telecommunications Equipment | - | - | - | 7.93% | |
| Telecommunications Service Providers | - | - | 1.30% | - | |
| Telecommunications Services | - | - | - | 1.30% | |
| Consumer Discretionary | 8.87% | - | - | - | |
| Travel & Leisure | - | 2.75% | - | - | |
| Travel & Leisure | - | - | 2.75% | - | |
| Casinos & Gambling | - | - | - | 2.00% | |
| Airlines | - | - | - | 0.60% | |
| Travel & Tourism | - | - | - | 0.07% | |
| Restaurants & Bars | - | - | - | 0.06% | |
| Hotels & Motels | - | - | - | 0.03% | |
| Retail | - | 2.12% | - | - | |
| Retailers | - | - | 2.12% | - | |
| Diversified Retailers | - | - | - | 1.84% | |
| Specialty Retailers | - | - | - | 0.23% | |
| Apparel Retailers | - | - | - | 0.05% | |
| Automobiles & Parts | - | 2.09% | - | - | |
| Automobiles & Parts | - | - | 2.09% | - | |
| Automobiles | - | - | - | 1.54% | |
| Auto Parts | - | - | - | 0.48% | |
| Tires | - | - | - | 0.06% | |
| Consumer Products & Services | - | 1.76% | - | - | |
| Personal Goods | - | - | 0.68% | - | |
| Clothing & Accessories | - | - | - | 0.46% | |
| Cosmetics | - | - | - | 0.11% | |
| Luxury Items | - | - | - | 0.06% | |
| Footwear | - | - | - | 0.05% | |
| Leisure Goods | - | - | 0.53% | - | |
| Electronic Entertainment | - | - | - | 0.47% | |
| Consumer Electronics | - | - | - | 0.06% | |
| Household Goods & Home Construction | - | - | 0.38% | - | |
| Household Appliance | - | - | - | 0.35% | |
| Household Furnishings | - | - | - | 0.03% | |
| Consumer Services | - | - | 0.17% | - | |
| Education Services | - | - | - | 0.09% | |
| Vending & Catering Service | - | - | - | 0.09% | |
| Media | - | 0.16% | - | - | |
| Media | - | - | 0.16% | - | |
| Entertainment | - | - | - | 0.10% | |
| Media Agencies | - | - | - | 0.05% | |
| Radio & TV Broadcasters | - | - | - | 0.02% | |
| Health Care | 6.98% | - | - | - | |
| Health Care | - | 6.98% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.02% | - | |
| Pharmaceuticals | - | - | - | 3.46% | |
| Biotechnology | - | - | - | 1.55% | |
| Medical Equipment & Services | - | - | 1.52% | - | |
| Medical Equipment | - | - | - | 0.82% | |
| Medical Supplies | - | - | - | 0.42% | |
| Medical Services | - | - | - | 0.29% | |
| Health Care Providers | - | - | 0.44% | - | |
| Health Care Facilities | - | - | - | 0.22% | |
| Health Care Services | - | - | - | 0.22% | |
| Real Estate | 6.77% | - | - | - | |
| Real Estate | - | 6.77% | - | - | |
| Real Estate Investment Trusts | - | - | 4.48% | - | |
| Diversified REITs | - | - | - | 2.14% | |
| Retail REITs | - | - | - | 1.32% | |
| Industrial REITs | - | - | - | 0.31% | |
| Residential REITs | - | - | - | 0.27% | |
| Office REITs | - | - | - | 0.25% | |
| Other Specialty REITs | - | - | - | 0.13% | |
| Hotel & Lodging REITs | - | - | - | 0.06% | |
| Real Estate Investment & Services | - | - | 2.29% | - | |
| Real Estate Holding and Development | - | - | - | 2.04% | |
| Real Estate Services | - | - | - | 0.25% | |
| Technology | 6.07% | - | - | - | |
| Technology | - | 6.07% | - | - | |
| Technology Hardware & Equipment | - | - | 3.58% | - | |
| Semiconductors | - | - | - | 2.46% | |
| Electronic Components | - | - | - | 0.48% | |
| Computer Hardware | - | - | - | 0.42% | |
| Production Technology Equipment | - | - | - | 0.21% | |
| Software & Computer Services | - | - | 2.50% | - | |
| Consumer Digital Services | - | - | - | 1.18% | |
| Software | - | - | - | 0.92% | |
| Computer Services | - | - | - | 0.40% | |
| Consumer Staples | 3.24% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.71% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.71% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.62% | |
| Personal Products | - | - | - | 0.09% | |
| Food, Beverage & Tobacco | - | 1.53% | - | - | |
| Food Producers | - | - | 0.71% | - | |
| Food Products | - | - | - | 0.55% | |
| Fruit & Grain Processing | - | - | - | 0.16% | |
| Beverages | - | - | 0.55% | - | |
| Distillers & Vintners | - | - | - | 0.22% | |
| Brewers | - | - | - | 0.17% | |
| Soft Drinks | - | - | - | 0.16% | |
| Tobacco | - | - | 0.27% | - | |
| Tobacco | - | - | - | 0.27% | |
| Utilities | 3.03% | - | - | - | |
| Utilities | - | 3.03% | - | - | |
| Electricity | - | - | 1.54% | - | |
| Conventional Electricity | - | - | - | 0.92% | |
| Alternative Electricity | - | - | - | 0.62% | |
| Gas, Water & Multi-utilities | - | - | 1.31% | - | |
| Multi-Utilities | - | - | - | 0.99% | |
| Gas Distribution | - | - | - | 0.31% | |
| Waste & Disposal Services | - | - | 0.18% | - | |
| Waste & Disposal Services | - | - | - | 0.18% | |
| Energy | 2.77% | - | - | - | |
| Energy | - | 2.77% | - | - | |
| Non-Renewable Energy | - | - | 2.71% | - | |
| Oil: Crude Producers | - | - | - | 1.55% | |
| Oil Refining and Marketing | - | - | - | 0.58% | |
| Coal | - | - | - | 0.39% | |
| Pipelines | - | - | - | 0.20% | |
| Renewable Energy | - | - | 0.06% | - | |
| Renewable Energy Equipment | - | - | - | 0.06% | |
| Non-Classified | 1.66% | - | - | - | |
| Non-Classified | - | 1.22% | - | - | |
| Non-Classified | - | - | 1.22% | - | |
| Non-Classified | - | - | - | 1.22% | |
| Cash and Equivalents | 0.47% | - | - | - | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Australia & New Zealand | 44.93% | |
| Emerging Asia | 28.25% | |
| Developed Asia | 19.93% | |
| Property | 4.10% | |
| Non-Classified | 1.47% | |
| Developed Europe - Excl UK | 0.71% | |
| Cash and Equivalents | 0.47% | |
| North America | 0.13% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.96% | |
| Cash | 1.02% | |
| Won | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Australia & New Zealand | 44.93% | - | |
Australia
|
- | 42.61% | |
New Zealand
|
- | 2.32% | |
| Emerging Asia | 28.25% | - | |
South Korea
|
- | 28.14% | |
Thailand
|
- | 0.11% | |
Malaysia
|
- | 0.00% | |
| Developed Asia | 19.93% | - | |
Hong Kong
|
- | 12.19% | |
Singapore
|
- | 7.75% | |
| Property | 4.10% | - | |
| Non-Classified | 1.47% | - | |
| Developed Europe - Excl UK | 0.71% | - | |
Ireland
|
- | 0.47% | |
Italy
|
- | 0.13% | |
Luxembourg
|
- | 0.11% | |
| Cash and Equivalents | 0.47% | - | |
| North America | 0.13% | - | |
United States
|
- | 0.13% | |
Breakdown By Market Cap (%)
| Mega |
|
51.57% |
| Large |
|
27.81% |
| Medium |
|
15.05% |
| Small |
|
0.55% |
| Micro |
|
0.04% |
| Non-Classified |
|
4.51% |
| Cash |
|
0.47% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SAMSUNG ELECTRONICS CO. LTD | 6.91% | Telecommunications Equipment | South Korea |
| 2 | COMMONWEALTH BANK OF AUSTRALIA | 5.30% | Banks | Australia |
| 3 | BHP GROUP LIMITED | 4.76% | Industrial Metals & Mining | Australia |
| 4 | CSL LTD | 3.07% | Pharmaceuticals & Biotechnology | Australia |
| 5 | AIA GROUP LIMITED | 3.01% | Life Insurance | Hong Kong |
| 6 | NATIONAL AUSTRALIA BANK LIMITED | 2.67% | Banks | Australia |
| 7 | WESTPAC BANKING CORPORATION | 2.47% | Banks | Australia |
| 8 | SK HYNIX | 2.46% | Technology Hardware & Equipment | South Korea |
| 9 | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED | 2.08% | Banks | Australia |
| 10 | DBS GROUP HOLDINGS LTD | 1.99% | Banks | Singapore |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 6.07% | - | - | - | - | - | - | 6.07% |
| Telecommunications | - | 9.22% | - | - | - | - | - | - | 9.22% |
| Financials | - | 31.09% | - | - | - | - | - | - | 31.09% |
| Real Estate | - | 2.62% | - | - | - | 4.15% | 0.12% | - | 6.90% |
| Consumer Discretionary | - | 8.87% | - | - | - | - | - | - | 8.87% |
| Consumer Staples | - | 3.24% | - | - | - | - | - | - | 3.24% |
| Energy | - | 2.77% | - | - | - | - | - | - | 2.77% |
| Utilities | - | 3.03% | - | - | - | - | - | - | 3.03% |
| Health Care | - | 6.98% | - | - | - | - | - | - | 6.98% |
| Industrials | - | 9.49% | - | - | - | - | - | - | 9.49% |
| Basic Materials | - | 10.34% | - | - | - | - | - | - | 10.34% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.47% | 0.47% |
| Non-Classified | - | 0.19% | - | - | - | - | 1.35% | - | 1.53% |
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: 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 | 3420133 |
| Mex Code | PUCPI |
| Isin Code | GB0034201334 |
| Citi Code | P561 |
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 Pacific Rim Equity Index Fund - the underlying fund. Underlying Fund Objective: This fund invests in the shares of companies in the Pacific Rim and aims to achieve a return that is consistent with the return of the FTSE All-World Developed Asia Pacific ex-Japan Index. Performance objective: To match the performance of the benchmark. |
| Benchmark | FTSE All World Developed Asia Pacific ex Japan Net of Tax GBP |
| ABI Sector | Asia Pacific excluding Japan 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).
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.
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
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.
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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: 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.