Prudential Overseas 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

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 1.2% 25.9% -6.4% 8.6% 16.1%
Benchmark 3.6% 25.3% -7.6% 9.7% 16.5%

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 2.3% 5.7% 8.5% 10.0%
Benchmark 2.4% 5.7% 8.9% 10.3%

Top 10 Holdings

Stock % Weight
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 3.10
SAMSUNG ELECTRONICS CO. LTD 2.02
APPLE 0.97
ASML HOLDING N.V. 0.93
MICROSOFT CORPORATION 0.92
NOVO NORDISK A/S 0.89
COMMONWEALTH BANK OF AUSTRALIA 0.79
NESTLE S.A. 0.76
NOVARTIS AG 0.75
SAP SE 0.68
Total 11.82

Fund Aims

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

Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their Indices in order to meet their investment objectives; in addition, the Sub-Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well.

Performance Objective: To provide a return that is in line with that of the benchmark.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 24 years and 9 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) 617.10
Fund size (31/07/2024) £16.91m
Underlying Fund size £16.91m
Number of holdings 1748
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 30/04/2002

Asset Allocation

pie chart
  International Equities 86.32%
  Cash and Equivalents 10.23%
  Property 1.07%
  International Bonds 0.16%
  UK Equities 0.05%
  Other Assets 2.16%

Commentary

No commentary available

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
  International Equities 86.32%
  Cash and Equivalents 10.23%
  Property 1.07%
  International Bonds 0.16%
  UK Equities 0.05%
  Other Assets 2.16%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 17.73% - - -
 
Technology - 17.73% - -
 
Technology Hardware & Equipment - - 12.16% -
 
Semiconductors - - - 6.93%
 
Production Technology Equipment - - - 1.99%
 
Computer Hardware - - - 1.81%
 
Electronic Components - - - 1.19%
 
Electronic Office Equipment - - - 0.24%
 
Software & Computer Services - - 5.58% -
 
Consumer Digital Services - - - 2.36%
 
Software - - - 2.19%
 
Computer Services - - - 1.02%
 
Financials 17.62% - - -
 
Banks - 9.90% - -
 
Banks - - 9.90% -
 
Banks - - - 9.90%
 
Insurance - 4.12% - -
 
Non-life Insurance - - 2.56% -
 
Full Line Insurance - - - 1.07%
 
Property & Casualty Insurance - - - 0.91%
 
Reinsurance - - - 0.33%
 
Insurance Brokers - - - 0.25%
 
Life Insurance - - 1.56% -
 
Life Insurance - - - 1.56%
 
Financial Services - 3.60% - -
 
Investment Banking & Brokerage Services - - 3.04% -
 
Investment Services - - - 1.47%
 
Asset Managers & Custodians - - - 0.88%
 
Diversified Financial Services - - - 0.69%
 
Finance & Credit Services - - 0.55% -
 
Financial Data & Systems - - - 0.46%
 
Consumer Lending - - - 0.10%
 
Industrials 12.28% - - -
 
Industrial Goods & Services - 10.44% - -
 
Electronic & Electrical Equipment - - 2.19% -
 
Electrical Components - - - 1.77%
 
Electronic Equipment: Pollution Control - - - 0.19%
 
Electronic Equipment: Gauges & Meters - - - 0.16%
 
Electronic Equipment: Control & Filter - - - 0.05%
 
Electronic Equipment: Other - - - 0.03%
 
General Industrials - - 2.11% -
 
Diversified Industrials - - - 1.66%
 
Containers & Packaging - - - 0.19%
 
Plastics - - - 0.13%
 
Paints & Coatings - - - 0.11%
 
Glass - - - 0.01%
 
Industrial Engineering - - 1.89% -
 
Machinery: Construction & Handling - - - 0.63%
 
Machinery: Tools - - - 0.39%
 
Machinery: Engines - - - 0.37%
 
Machinery: Industrial - - - 0.35%
 
Machinery: Agricultural - - - 0.15%
 
Industrial Transportation - - 1.83% -
 
Marine Transportation - - - 0.73%
 
Transportation Services - - - 0.51%
 
Railroads - - - 0.34%
 
Delivery Services - - - 0.21%
 
Trucking - - - 0.03%
 
Commercial Vehicles & Parts - - - 0.01%
 
Railroad Equipment - - - 0.00%
 
Commercial Vehicle-Equipment Leasing - - - 0.00%
 
Industrial Support Services - - 1.76% -
 
Transaction Processing Services - - - 0.61%
 
Professional Business Support Services - - - 0.51%
 
Industrial Suppliers - - - 0.28%
 
Business Training & Employment Agencies - - - 0.21%
 
Forms & Bulk Printing Services - - - 0.10%
 
Security Services - - - 0.05%
 
Aerospace & Defence - - 0.66% -
 
Aerospace - - - 0.54%
 
Defense - - - 0.12%
 
Construction & Materials - 1.84% - -
 
Construction & Materials - - 1.84% -
 
Construction - - - 0.70%
 
Building Materials: Other - - - 0.44%
 
Building: Climate Control - - - 0.30%
 
Cement - - - 0.30%
 
Building, Roofing/Wallboard & Plumbing - - - 0.09%
 
Engineering & Contracting Services - - - 0.02%
 
Consumer Discretionary 10.24% - - -
 
Consumer Products & Services - 2.90% - -
 
Personal Goods - - 1.73% -
 
Clothing & Accessories - - - 0.84%
 
Cosmetics - - - 0.41%
 
Luxury Items - - - 0.29%
 
Footwear - - - 0.19%
 
Leisure Goods - - 0.62% -
 
Consumer Electronics - - - 0.43%
 
Electronic Entertainment - - - 0.15%
 
Recreational Vehicles & Boats - - - 0.02%
 
Toys - - - 0.02%
 
Household Goods & Home Construction - - 0.47% -
 
Household Appliance - - - 0.24%
 
Home Construction - - - 0.23%
 
Consumer Services - - 0.08% -
 
Consumer Services: Misc. - - - 0.07%
 
Rental & Leasing Services: Consumer - - - 0.01%
 
Education Services - - - 0.01%
 
Automobiles & Parts - 2.85% - -
 
Automobiles & Parts - - 2.85% -
 
Automobiles - - - 2.45%
 
Auto Parts - - - 0.36%
 
Tires - - - 0.04%
 
Retail - 2.75% - -
 
Retailers - - 2.75% -
 
Diversified Retailers - - - 1.59%
 
Apparel Retailers - - - 0.84%
 
Specialty Retailers - - - 0.33%
 
Home Improvement Retailers - - - 0.01%
 
Travel & Leisure - 1.08% - -
 
Travel & Leisure - - 1.08% -
 
Restaurants & Bars - - - 0.47%
 
Airlines - - - 0.26%
 
Hotels & Motels - - - 0.16%
 
Recreational Services - - - 0.11%
 
Travel & Tourism - - - 0.08%
 
Media - 0.65% - -
 
Media - - 0.65% -
 
Media Agencies - - - 0.30%
 
Publishing - - - 0.20%
 
Entertainment - - - 0.11%
 
Radio & TV Broadcasters - - - 0.03%
 
Cash and Equivalents 10.23% - - -
 
Health Care 8.03% - - -
 
Health Care - 8.03% - -
 
Pharmaceuticals & Biotechnology - - 5.57% -
 
Pharmaceuticals - - - 5.07%
 
Biotechnology - - - 0.50%
 
Medical Equipment & Services - - 1.88% -
 
Medical Equipment - - - 1.37%
 
Medical Supplies - - - 0.47%
 
Medical Services - - - 0.04%
 
Health Care Providers - - 0.58% -
 
Health Care Management Services - - - 0.45%
 
Health Care Facilities - - - 0.13%
 
Health Care Services - - - 0.00%
 
Telecommunications 4.71% - - -
 
Telecommunications - 4.71% - -
 
Telecommunications Equipment - - 2.62% -
 
Telecommunications Equipment - - - 2.62%
 
Telecommunications Service Providers - - 2.08% -
 
Telecommunications Services - - - 2.05%
 
Cable Television Services - - - 0.04%
 
Consumer Staples 4.30% - - -
 
Food, Beverage & Tobacco - 2.88% - -
 
Food Producers - - 1.85% -
 
Food Products - - - 1.76%
 
Farming, Fishing, Ranching & Plantations - - - 0.06%
 
Fruit & Grain Processing - - - 0.04%
 
Beverages - - 1.02% -
 
Soft Drinks - - - 0.51%
 
Brewers - - - 0.40%
 
Distillers & Vintners - - - 0.11%
 
Personal Care, Drug & Grocery Stores - 1.42% - -
 
Personal Care, Drug & Grocery Stores - - 1.42% -
 
Food Retailers & Wholesalers - - - 0.74%
 
Personal Products - - - 0.52%
 
Drug Retailers - - - 0.16%
 
Nondurable Household Products - - - 0.00%
 
Basic Materials 3.88% - - -
 
Basic Resources - 2.35% - -
 
Industrial Metals & Mining - - 1.82% -
 
General Mining - - - 1.05%
 
Iron & Steel - - - 0.47%
 
Aluminum - - - 0.16%
 
Nonferrous Metals - - - 0.07%
 
Copper - - - 0.07%
 
Metal Fabricating - - - 0.00%
 
Precious Metals & Mining - - 0.34% -
 
Gold Mining - - - 0.32%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.20% -
 
Paper - - - 0.14%
 
Diversified Materials - - - 0.05%
 
Chemicals - 1.53% - -
 
Chemicals - - 1.53% -
 
Chemicals: Diversified - - - 0.86%
 
Specialty Chemicals - - - 0.48%
 
Chemicals & Synthetic Fibers - - - 0.11%
 
Fertilizers - - - 0.08%
 
Energy 3.30% - - -
 
Energy - 3.30% - -
 
Non-Renewable Energy - - 3.26% -
 
Integrated Oil & Gas - - - 1.39%
 
Oil: Crude Producers - - - 0.79%
 
Oil Refining and Marketing - - - 0.64%
 
Pipelines - - - 0.22%
 
Oil Equipment & Services - - - 0.20%
 
Coal - - - 0.01%
 
Offshore Drilling & Other Services - - - 0.00%
 
Renewable Energy - - 0.04% -
 
Renewable Energy Equipment - - - 0.03%
 
Alternative Fuels - - - 0.01%
 
Utilities 2.85% - - -
 
Utilities - 2.85% - -
 
Electricity - - 1.95% -
 
Conventional Electricity - - - 1.60%
 
Alternative Electricity - - - 0.34%
 
Gas, Water & Multi-utilities - - 0.80% -
 
Multi-Utilities - - - 0.50%
 
Gas Distribution - - - 0.30%
 
Waste & Disposal Services - - 0.10% -
 
Waste & Disposal Services - - - 0.10%
 
Real Estate 2.40% - - -
 
Real Estate - 2.40% - -
 
Real Estate Investment Trusts - - 1.46% -
 
Diversified REITs - - - 0.40%
 
Retail REITs - - - 0.27%
 
Timber REITs - - - 0.21%
 
Office REITs - - - 0.17%
 
Industrial REITs - - - 0.17%
 
Residential REITs - - - 0.14%
 
Health Care REITs - - - 0.08%
 
Hotel & Lodging REITs - - - 0.02%
 
Other Specialty REITs - - - 0.00%
 
Real Estate Investment & Services - - 0.94% -
 
Real Estate Holding and Development - - - 0.83%
 
Real Estate Services - - - 0.11%
 
Non-Classified 2.28% - - -
 
Non-Classified - 0.16% - -
 
Non-Classified - - 0.16% -
 
Non-Classified - - - 0.16%
 
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
  North America 21.53%
  Emerging Asia 20.83%
  Developed Europe - Excl UK 20.59%
  Japan 11.37%
  Cash and Equivalents 10.23%
  Australia & New Zealand 6.62%
  Developed Asia 3.15%
  Non-Classified 2.78%
  Property 1.07%
  Other Regions 1.84%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 89.61%
  Cash 10.23%
  Euro 0.11%
  Swiss Franc 0.03%
  US Dollar 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 21.53% -
 
United States - 19.15%
 
Canada - 2.38%
 
Emerging Asia 20.83% -
 
Taiwan - 9.19%
 
South Korea - 6.13%
 
India - 1.87%
 
China - 1.67%
 
Malaysia - 0.94%
 
Thailand - 0.82%
 
Indonesia - 0.14%
 
Philippines - 0.08%
 
Developed Europe - Excl UK 20.59% -
 
France - 4.14%
 
Switzerland - 3.97%
 
Germany - 2.84%
 
Netherlands - 2.27%
 
Denmark - 1.68%
 
Spain - 1.32%
 
Sweden - 1.28%
 
Ireland - 1.01%
 
Italy - 0.81%
 
Finland - 0.43%
 
Belgium - 0.39%
 
Norway - 0.22%
 
Portugal - 0.17%
 
Luxembourg - 0.07%
 
Austria - 0.02%
 
Japan 11.37% -
 
Japan - 11.37%
 
Cash and Equivalents 10.23% -
 
Australia & New Zealand 6.62% -
 
Australia - 6.16%
 
New Zealand - 0.40%
 
New Caledonia - 0.06%
 
Developed Asia 3.15% -
 
Hong Kong - 2.02%
 
Singapore - 1.13%
 
Non-Classified 2.78% -
 
Property 1.07% -
 
Emerging Europe 0.68% -
 
Turkey - 0.29%
 
Greece - 0.21%
 
Poland - 0.09%
 
Hungary - 0.06%
 
Czech Republic - 0.03%
 
Russian Federation - 0.00%
 
South & Central America 0.64% -
 
Brazil - 0.40%
 
Mexico - 0.17%
 
Chile - 0.05%
 
Colombia - 0.03%
 
Middle East & Africa 0.46% -
 
South Africa - 0.24%
 
United Arab Emirates - 0.18%
 
Saudi Arabia - 0.03%
 
Israel - 0.01%
 
UK 0.05% -
 
United Kingdom - 0.05%

Breakdown By Market Cap (%)

Mega
 
 
55.22%
Large
 
 
22.26%
Medium
 
 
5.18%
Small
 
 
0.14%
Micro
 
 
0.01%
Non-Classified
 
 
6.80%
Bonds
 
 
0.16%
Cash
 
 
10.23%

Top 10 Holdings

Stock % Weight Sector Country
1 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 3.10% Technology Hardware & Equipment Taiwan
2 SAMSUNG ELECTRONICS CO. LTD 2.02% Telecommunications Equipment South Korea
3 APPLE 0.97% Technology Hardware & Equipment United States
4 ASML HOLDING N.V. 0.93% Technology Hardware & Equipment Netherlands
5 MICROSOFT CORPORATION 0.92% Software & Computer Services United States
6 NOVO NORDISK A/S 0.89% Pharmaceuticals & Biotechnology Denmark
7 COMMONWEALTH BANK OF AUSTRALIA 0.79% Banks Australia
8 NESTLE S.A. 0.76% Food Producers Switzerland
9 NOVARTIS AG 0.75% Pharmaceuticals & Biotechnology Switzerland
10 SAP SE 0.68% Software & Computer Services Germany

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 17.73% - - - - - - 17.73%
Telecommunications - 4.71% - 0.11% - - - - 4.82%
Financials - 17.62% - 0.03% - - - - 17.65%
Real Estate - 1.33% - - - 1.07% - - 2.41%
Consumer Discretionary - 10.24% - 0.02% - - - - 10.26%
Consumer Staples 0.05% 4.25% - - - - - - 4.30%
Energy - 3.29% - - - - - - 3.30%
Utilities - 2.85% - - - - - - 2.85%
Health Care - 8.03% - - - - - - 8.03%
Industrials - 12.28% - - - - - - 12.28%
Basic Materials - 3.88% - - - - 0.01% - 3.89%
Cash and Equivalents - - - - - - - 10.23% 10.23%
Non-Classified - 0.12% - - - - 2.15% - 2.26%

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 3169395
Mex Code PUOEU
Isin Code GB0031693954
Citi Code P281

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 Overseas Equity Index Fund - the underlying fund. Underlying Fund Objective: The fund invests, primarily via other M&G funds, in the shares of overseas companies against a benchmark mix, with fixed proportions. The funds follow a structured and systematic, bottom-up stock selection process to build a portfolio with similar risk-return characteristics as their Indices in order to meet their investment objectives; in addition, the Sub-Investment Manager aims to reflect a fundamental ESG approach by overweighting its investments in securities which score well against the Investment Manager’s ESG research framework and underweighting the securities which score less well. Performance Objective: To provide a return that is in line with that of the benchmark.
Benchmark Mix of FTSE and MSCI Regional Indices
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).

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.