-
The asset mix is likely to vary in the future.Source: Prudential
as at 31 March 2017 Asset allocations are regularly reviewed and
may vary from time to time, but will always be consistent with the
fund
Fund breakdown
Source: Prudential. The above are calendar year returns for the
With-Profits Fund (before charges, tax and effects of
smoothing).The value of your policy will be sent out in your annual
statement or is available on request. The value will depend on when
you actually invested allowing for tax, charges and smoothing. The
value could change by more or less than the underlying investment
return of the overall fund.Past performance is not a reliable
indicator of future performance.
Underlying investment returns
Prudential With-Profits Fund
This document has been produced to provide factual information
on Prudential’s With-Profits Fund, and specifically, that part of
the fund directly relevant to investments of this type, and should
not be used as financial advice. If you are unsure what bonus
series you are invested in or if there is information or
terminology included that you would like to discuss, then please
contact your adviser.
Fund descriptionThe fund offers the prospect of competitive
long-term real returns whilst smoothing the peaks and troughs of
day-to-day market movements. Investment returns are passed to
policyholders through bonuses. The fund is invested in a
diversified portfolio of UK and overseas shares, bonds, property
and cash. A significant proportion of the fund is invested in
shares and property which can be expected to produce attractive
longterm returns, but the return on these assets can be volatile
and so the fund is actively managed to optimise the returns while
controlling risk.
Prudential risk ratingLower to Medium
CommentaryThe first quarter of 2017 continued to see generally
positive returns for equity markets, particularly in the US where
the S&P 500 reached a record high, with investor sentiment
continuing to be buoyed by the expectation of Trump’s fiscal
policies boosting the economy. This sentiment softened slightly
following a defeat over healthcare and concerns over Trump’s
ability to enact his stated policies within his initial
timeframes.
PPMG believes the effects of possible fiscal easing will have
the greatest impact in 2018 while there is a risk that a move
towards greater protectionism at the expense of foreign companies
as tipped by Trump could result in stagflation (a period of high
inflation, slow economic growth and high unemployment).
The UK continued to grow post the Brexit referendum, supported
by corporate results and an increase in merger and acquisitions.
European equities were up although they started weakly. The rally
came from signs of an improving global economic outlook in the face
of increased political uncertainty from Dutch and French elections.
Japan’s Tokyo Price Index rose over the quarter, although held back
by gradual yen appreciation. Emerging equities had a strong
quarter, supported by the positive global economic outlook and a
weaker US dollar.
Government bond yields were mixed over the quarter, with
investment grade and high yield bonds outperforming due to expected
monetary policy tightening, strengthening growth and rising
inflation.
Key factsFund Size £72.4 billion as at 31 March 2017Prudential
Financial Strength rating* AAPortfolio Manager Prudential Portfolio
Management
Group LtdInvestment Style Prudent ActivePerformance Objective To
offer competitve long term returns
*Standard & Poor’s as at June 2016
What is the risk rating?• 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 will
find this information at www.pru.co.uk/factsheets.
• You should also consider discussing your decision and the
appropriateness of a fund’s risk rating with an adviser.
Page 1 of 2 Quarter ending 31 March 2017
UK Equities 16.1%Property 14.9%Pacific Market Equities 9.8%North
American Equities 8.5%European Equities 8.4%UK Fixed Interest
8.4%US Fixed Interest 8.3%Other Investment Assets 6.1%Cash 5.0%Euro
Fixed Interest 4.5%Japanese Equities 3.6%Global Emerging Markets
Equities 3.3%Asia Fixed Interest 2.5%Other Fixed Interest 0.6%
%-25 -20 -15 -10 -5 0 5 10 15 20 25
14.520163.62015
8.3201410.3201310.52012
2.1201112.72010
18.72009-19.72008
7.22007
-
“Prudential” is a trading name of The Prudential Assurance
Company Limited, which is registered in England and Wales. This
name is also used by other companies within the Prudential Group.
Registered office at Laurence Pountney Hill, London EC4R 0HH.
Registered number 15454. Authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority.
BTBQ
0006
8 03
_201
7
With-Profits bonus series explained
Cash Accumulation With-ProfitsCash Accumulation MPP With-Profits
is used soley by the oldest “pre 101” money purchase contracts for
occupational pension schemes typically established from 1974.
Cash Accumulation AVC With-Profits is used solely by Additional
Voluntary Contribution contracts as part of an occupational scheme
(but not where VCs are paid through another Prudential group
pension contract).
Unitised With-ProfitsUnitised L With-Profits is used by the
“101” money purchase contracts for occupational pension schemes and
grouped personal pension contracts (including the “Shout/Xafinity”
contracts) typically established from 06/04/1987 where holdings are
expressed in terms of units.
Unitised N With-Profits is used by the “Select” group personal
pension (established 1997) and “Money Purchase Plan/Group Personal
Pension” money purchase contracts for occupational pension schemes
and group personal pension contracts established since 2001 where
holdings are expressed in terms of units.
Prudential With-Profits Fund
Important information
Who manages the funds?Prudential Assurance Company Limited holds
the assets of the With-Profits Fund through custodians. Prudential
has delegated the investment management of the fund through
agreements with various investment managers including M&G
Investments.
Can I get advice?This factsheet should not be considered as
financial advice and any changes to investment arrangements should
be discussed with an adviser. It is not our intention to give an
indication of how any particular funds will perform in the future.
The commentary in this factsheet reflects the general views of the
individual fund manager and should not be taken as a recommendation
or advice as to how a specific market or fund is likely to
perform.
Who is this factsheet for and what does it do?This factsheet is
intended for the trustees, sponsors, advisers and members of
occupational pension schemes using Prudential group pension
contracts. Its purpose is to provide an insight into how the
fund(s) have performed over the period and is provided for
information only. If you are not familiar with any of the
investment terminology included on this factsheet, then please
contact an adviser.
Other important informationIf money invested in the With-Profits
Fund is taken out at any time other than on death or normal
retirement date, a Market Value Reduction (MVR) may be applied;
this may have the effect of reducing the fund value.
For details on MVR and charges applicable to your investment,
please refer to the Key Features document for the relevant
contract. For a copy of the Key Features document, please contact
your pensions department for scheme members or usual Prudential
contact for trustees and advisers.
Performance (applicable from 6 April 2017)For investments in the
With-Profits Fund, the value of the policy depends on how much
profit the fund makes and how we decide to distribute that profit.
Policyholders receive a distribution of profits by means of
bonuses, or other methods as specified in the relevant policy
documentation. There are two types of bonus, regular (or
reversionary) and final (or terminal) bonus.
The performance figures shown are overall annualised returns for
contributions made on the dates specified. The returns include both
regular and final bonuses added to a benefit paid at normal
retirement date, but make no allowance for any applicable initial
charges, allocation rates or early cash in charges (explicit
charges).
Final bonus may vary and is not guaranteed. The rate of future
bonuses cannot be guaranteed. The value of an investment may go
down as well as up and the fund value in the future may be less
than the payments you have made. Please bear in mind that inflation
will reduce what you can buy in the future.
Please read the important information below and the Key Features
document for the relevant contract.
The performance figures are declared by Prudential Assurance
Company Limited, usually each February.
For the Unitised returns shown, it is assumed that the
contribution was invested without any allowance made for any
explicit charges on 6 April 1, 3, 5 or 10 years ago and realised on
or after 6 April 2017 to secure benefits
at normal retirement age. For the Cash Accumulation returns
shown, it is assumed that 1, 3, 5 or 10 scheme revision dates
ending after 15 March 2017 have passed since the contribution was
invested.
Source: Prudential. *overall annualised returns
The value of your policy will be sent out in your annual
statement or is available on request. The value will depend on when
you actually invested allowing for tax, charges and smoothing. The
value could change by more or less than the underlying investment
return of the overall fund.
Past performance is not a reliable indicator of future
performance.
Bonus Series 1 Year* 3 Years* 5 Years* 10 Years*
Unitised L With-Profits Returns 2.50% 5.65% 6.15% 4.90%
Unitised N With-Profits Returns 2.50% 5.65% 6.15% 4.90%
Cash Accumulation MPP With-Profits Returns 2.50% 5.65% 6.15%
4.90%
Cash Accumulation AVC With-Profits Returns 2.50% 5.65% 6.15%
4.90%
Page 2 of 2 Quarter ending 31 March 2017
-
Prudential Cash S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP Cash Fund. That fund invests in bothsecured (reverse
repurchase agreements) andunsecured interest bearing deposits, as
well asshort-term UK Government bonds and Certificates ofDeposit.
It is actively managed against its benchmark, theLondon Interbank
LIBID 7 Day Deposit rate.
Performance Objective: To outperform the benchmarkbefore charges
on a rolling three year basis.
BenchmarkBenchmark London Interbank LIBID 7 Day Deposit RateABI
Sector Deposit & Treasury
Identification CodesSedol Code 3168110Mex Code PUCAIsin Code
GB0031681108Citi Code P269
Fund OverviewDaily price (21/07/2017) 153.10Fund size
(31/05/2017) £97.08m
Underlying Fund size £214.15mNumber of holdings 5Launch date
06/04/2001
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund 0.4% 0.4% 0.5% 0.5% 0.1%Benchmark 0.4% 0.4% 0.4%
0.4% 0.1%
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund 0.0% 0.4% 0.4% 1.2%Benchmark 0.0% 0.3% 0.3% 1.1%
Prudential Risk Rating
Minimal RiskThese funds may invest in a combination of deposits,
money market instruments and other interest bearingsecurities.
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Prudential Capital17 years, 2 months
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall.Please note if the total
charges taken from your plan exceed the growth achieved, you will
get back less than you originally invested.For some funds, there is
a short time-lag between a policyholder investing his money, the
money passing through the accounting system and then buying the
underlyinginvestments. This time-lag or “dealing cycle” is not
factored in to performance of the Prudential fund. You may
therefore see a difference between the Prudential fund’sperformance
and that of any underlying fund it invests in to.Source of
portfolio data: FundsLibrary. Source of performance data: Financial
Express (FE). Please remember that past performance is not a
reliable indicator of futureperformance. The figures shown are
intended only to demonstrate performance history of the fund and
take no account of product charges. The application of charges
mayimpact the overall performance. Please also note that our
charges may vary in the future and may be higher than they are now.
Fund Performance is based upon the movement ofthe 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 and you may not
get back the amountyou put in.This factsheet is intended for the
trustees, sponsors, advisers and members of occupational pension
schemes using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential Cash S3
Portfolio data accurate as at: 31/05/17
Holdings
Name % Weight Sector Country1 CASH 100.00% Managed Funds
Non-Classified
Asset Allocation
Other Assets 100.00%
Asset Allocation
Cash Deposit 70.00% Cash 30.00%
Equity Sector Breakdown
Non-Classified 100.00%
Regional Allocation
Non-Classified 100.00%
Top Country Breakdown
Non-Classified 100.00%
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall. Please note if the total
charges taken from your plan exceed the growthachieved, you will
get back less than you originally invested.The Industry
Classification Benchmark is a product of FTSE International Limited
and has been licensed for use.Prudential is a trading name of
Prudential Pensions Limited. This name is also used by other
companies within the Prudential Group. Prudential Pensions Limited
is registered inEngland and Wales. Registered office at Laurence
Pountney Hill, London EC4R 0HH. Registered number 992726.
Authorised by the Prudential Regulation Authority and regulated
bythe Financial Conduct Authority and the Prudential Regulation
Authority.
-
Prudential Cash S3
Performance comment
Performance as at Q1 2017 - During the first quarter of 2017,
the performance of the fund was in line with its benchmark, the
London Interbank LIBID 7 Day Deposit Rate.
The fund is primarily invested in reverse repurchase agreements
(or ‘reverse repos’), which provide collateral (typically
short-term gilts) against cash deposits made by the fund.As with
short-term money market deposits, reverse repos are transacted with
banks from M&G’s counterparty credit risk panel. At the end of
this quarter, the fund’s assetsremain invested in reverse repos
with a maturity of no more than one month.
This commentary reflects the general views of individual fund
managers and should not be taken as a recommendation of advice as
to how any specific market is likely to perform.Source: M&G
Investments
Important Information
Prudential is a trading name of Prudential Pensions Limited.
This name is also used by other companies within the Prudential
Group. Prudential Pensions Limited is registered inEngland and
Wales. Registered office at Laurence Pountney Hill, London EC4R
0HH. Registered number 992726. Authorised by the Prudential
Regulation Authority and regulated bythe Financial Conduct
Authority and the Prudential Regulation Authority.
-
Prudential All Stocks Corporate Bond (previously known as
CorporateBond) S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP All Stocks Corporate Bond Fund. That fundinvests
mainly in high quality Sterling corporate bondsacross the range of
maturities. The fund is activelymanaged against its benchmark, the
iBoxx SterlingNon-Gilts Index. The fund may also hold UK
governmentgilts and limited amounts of high yield and
hedgednon-sterling corporate bonds. Derivative instruments maybe
used for efficient portfolio fund management.
Performance Objective: To outperform the benchmark by0.80% a
year (before charges) on a rolling three yearbasis.
BenchmarkBenchmark iBoxx Sterling Non-Gilts IndexABI Sector
Sterling Corporate Bond
Identification CodesSedol Code 3168563Mex Code PUCBIsin Code
GB0031685638Citi Code P270
Fund OverviewDaily price (21/07/2017) 295.70Fund size
(31/05/2017) £39.95m
Underlying Fund size £4501.57mNumber of holdings 484Launch date
06/04/2001
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund 7.8% 7.6% 6.9% 9.0% 7.0%Benchmark 6.5% 6.8% 6.5%
9.0% 5.3%
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund 1.0% 7.6% 7.7% 7.7%Benchmark 0.5% 6.9% 6.8% 6.5%
Prudential Risk Rating
Lower to Medium RiskThese funds may invest in corporate bonds or
multi-asset strategies with a higher weighting in corporate
bonds(and other comparable strategies).
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Jamie Hamilton16 years, 5 months
Important Information
For some funds, there is a short time-lag between a policyholder
investing his money, the money passing through the accounting
system and then buying the underlyinginvestments. This time-lag or
“dealing cycle” is not factored in to performance of the Prudential
fund. You may therefore see a difference between the Prudential
fund’sperformance and that of any underlying fund it invests in
to.Source of portfolio data: FundsLibrary. Source of performance
data: Financial Express (FE). Please remember that past performance
is not a reliable indicator of futureperformance. The figures shown
are intended only to demonstrate performance history of the fund
and take no account of product charges. The application of charges
mayimpact the overall performance. Please also note that our
charges may vary in the future and may be higher than they are now.
Fund Performance is based upon the movement ofthe 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 and you may not
get back the amountyou put in.This factsheet is intended for the
trustees, sponsors, advisers and members of occupational pension
schemes using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential All Stocks Corporate Bond (previously known as
CorporateBond) S3
Portfolio data accurate as at: 31/05/17
Top 10 Holdings
Name % Weight Sector Country1 5% Treasury Stock 2025 3.83% Bonds
United Kingdom2 4¾% Treasury Gilt 2030 1.58% Bonds United Kingdom3
KREDITANST FUR WIE6% GTD SNR 07/12/28 GBP1000 1.38% Banks Germany4
EDF6% SNR EMTN 23/01/2114 GBP 1.19% Electricity France5 European
Investment Bank 6% 2028 1.04% Banks Luxembourg6 4¼% Treasury Stock
2036 1.03% Bonds United Kingdom7 LEGAL & GENERAL GP5.5%-STP SUB
27/06/2064 GBP 0.99% Life Insurance United Kingdom8 MEXICO(UTD MEX
ST)5.625% SNR MTN 19/03/14 GBP 0.92% Bonds Mexico9 EURO INV BANK5%
SNR 15/04/2039 GBP1000 0.90% Banks Luxembourg
10 EURO INV BANK4.5% SNR 07/06/2029 GBP1000 0.89% Banks
Luxembourg
Asset Allocation
International Bonds 42.18% UK Corporate Bonds 41.43% UK Gilts
9.31% Cash and Equivalents 8.78% Other Assets -1.70%
Bond Sector Breakdown
Basic Materials 0.86%
Consumer Goods 3.62%
Consumer Services 7.25%
Financials 37.29%
Health Care 1.34%
Industrials 7.02%
Oil & Gas 2.00%
Other Sectors 40.62%
Fixed Interest Quality Profile
BBB 27.33%
A 19.87%
AA 19.83%
AAA 9.87%
Sub-Investment Grade 2.98%
Unknown Quality 13.03%
Cash and Equivalents 8.78%
Other Asset Types -1.70%
Fixed Interest Currencies
Pound Sterling 89.42% Cash 8.78% Euro 2.75% US Dollar 0.75%
Non-Fixed Interest Assets -1.70%
Regional Allocation
UK 50.73% Developed Europe - Excl UK 24.18% North America 13.00%
Cash and Equivalents 8.78% Australia & New Zealand 1.84% South
& Central America 1.61% Other Regions -0.15%
Top Country Breakdown
United Kingdom 50.73%
United States 12.58%
Cash and Equivalents 8.78%
France 6.03%
Luxembourg 4.75%
Netherlands 4.68%
Germany 2.13%
Other Countries 10.31%
Fixed Interest Maturity Profile
> 15Yr Maturity 35.69%
5Yr - 10Yr Maturity 22.36%
10Yr - 15Yr Maturity 19.99%
< 5Yr Maturity 14.88%
Cash And Equivalents 8.78%
Unknown Maturity -1.70%
Important Information
The Industry Classification Benchmark is a product of FTSE
International Limited and has been licensed for use.Prudential is a
trading name of Prudential Pensions Limited. This name is also used
by other companies within the Prudential Group. Prudential Pensions
Limited is registered inEngland and Wales. Registered office at
Laurence Pountney Hill, London EC4R 0HH. Registered number 992726.
Authorised by the Prudential Regulation Authority and regulated
bythe Financial Conduct Authority and the Prudential Regulation
Authority.
-
Prudential All Stocks Corporate Bond (previously known as
CorporateBond) S3
Performance comment
Performance as at Q1 2017 - Global economic data was
surprisingly encouraging in the first quarter of 2017, providing a
positive backdrop for riskier securities; credit spreadscontinued
to tighten over the period even as government bond yields remained
broadly unchanged. Political developments across the globe
continued to dominate news, much thesame as we saw at the tail end
of 2016.
The fund’s off-benchmark positions in US dollar-denominated
credit and euro-denominated credit continued to perform strongly,
as the manager de-risked and switched back intosterling equivalents
where possible. The fund continued to benefit from being overweight
financials, particularly the subordinated debt of insurance
companies such as Legal andGeneral and AXA, which look attractive
compared to other sectors within the index. A number of holdings
added to performance during the quarter, with the key
contributorsbeing overweight positions in Glencore and Tesco. The
fund maintained a neutral interest rate duration position relative
to the benchmark over the period.
The fund outperformed the benchmark during the first
quarter.
This commentary reflects the general views of individual fund
managers and should not be taken as a recommendation of advice as
to how any specific market is likely to perform.Source: M&G
Investments
Important Information
Prudential is a trading name of Prudential Pensions Limited.
This name is also used by other companies within the Prudential
Group. Prudential Pensions Limited is registered inEngland and
Wales. Registered office at Laurence Pountney Hill, London EC4R
0HH. Registered number 992726. Authorised by the Prudential
Regulation Authority and regulated bythe Financial Conduct
Authority and the Prudential Regulation Authority.
-
Prudential Discretionary S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP Discretionary Fund. That fund provides amulti-asset
approach to investment, holding a mix of UKand overseas company
shares, bonds, property andcash via other M&G PP funds. It is
actively managedagainst an internal composite benchmark asset
allocationset by the Prudential Portfolio Management Group. It is
a“fund of funds” where both active stock selection, withinthe
underlying sector funds, and asset allocationdecisions are used to
add value.
Performance Objective: To outperform the internalcomposite
benchmark by 1.15%-1.40% a year (beforecharges) on a rolling three
year basis.
Benchmark
Benchmark Internal composite benchmark, assetallocation set by
the PPMGABI Sector Mixed Investment 40-85% Shares
Identification CodesSedol Code 3168574Mex Code PUDIsin Code
GB0031685745Citi Code P271
Fund OverviewDaily price (24/07/2017) 328.50Fund size
(31/05/2017) £496.95m
Underlying Fund size £992.69mNumber of holdings 4637Launch date
06/04/2001
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund 15.5% 10.4% 6.4% 6.0% 22.3%Benchmark 14.3% 7.9%
6.3% 3.2% 15.7%
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund 1.5% 11.3% 12.0% 7.4%Benchmark 1.2% 8.3% 9.4% 5.1%
Prudential Risk Rating
Medium RiskThese funds may invest in multi-asset strategies with
a higher weighting in equities, while funds investing mainly
inproperty and, currently, government bonds (such as UK Gilts) are
also in this category.
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Prudential Portfolio Management Group34 years, 3 months
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall.Please note the performance
figures for this fund's benchmark are not available until around
week 3 after a quarter end. Therefore the figures shown until after
this point in timemay be for the previous quarter.For some funds,
there is a short time-lag between a policyholder investing his
money, the money passing through the accounting system and then
buying the underlyinginvestments. This time-lag or “dealing cycle”
is not factored in to performance of the Prudential fund. You may
therefore see a difference between the Prudential fund’sperformance
and that of any underlying fund it invests in to.Source of
portfolio data: FundsLibrary. Source of performance data: Financial
Express (FE). Please remember that past performance is not a
reliable indicator of futureperformance. The figures shown are
intended only to demonstrate performance history of the fund and
take no account of product charges. The application of charges
mayimpact the overall performance. Please also note that our
charges may vary in the future and may be higher than they are now.
Fund Performance is based upon the movement ofthe 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 and you may not
get back the amountyou put in.This factsheet is intended for the
trustees, sponsors, advisers and members of occupational pension
schemes using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential Discretionary S3
Portfolio data accurate as at: 31/05/17
Top 10 Holdings
Name % Weight Sector Country1 BP 1.72% Oil & Gas Producers
United Kingdom2 HSBC Holdings PLC (UK Reg) 1.43% Banks United
Kingdom3 British American Tobacco 1.27% Tobacco United Kingdom4
Royal Dutch Shell B 1.04% Oil & Gas Producers United Kingdom5
Lloyds Banking Group 0.96% Banks United Kingdom6 AstraZeneca 0.83%
Pharmaceuticals & Biotechnology United Kingdom7 Aviva 0.74%
Life Insurance United Kingdom8 Roche Holding AG Part. Cert. 0.68%
Pharmaceuticals & Biotechnology Switzerland9 GlaxoSmithKline
0.67% Pharmaceuticals & Biotechnology United Kingdom
10 Novartis AG 0.62% Pharmaceuticals & Biotechnology
Switzerland
Asset Allocation
International Equities 51.15% UK Equities 31.35% Cash and
Equivalents 4.16% International Bonds 2.76% Property 2.72% UK Gilts
1.87% Other Assets 5.99%
Equity Sector Breakdown
Basic Materials 5.69%
Consumer Goods 10.67%
Consumer Services 9.15%
Financials 19.14%
Health Care 8.19%
Industrials 12.57%
Oil & Gas 6.31%
Other Sectors 28.28%
Breakdown By Market Cap (%)
Mega 44.97%
Large 16.39%
Medium 14.83%
Small 3.60%
Micro 1.55%
Non-Classified 9.53%
Bonds 4.98%
Cash 4.16%
Regional Allocation
UK 33.57% Developed Europe - Excl UK 17.94% North America 16.65%
Japan 10.63% Cash and Equivalents 4.16% Emerging Asia 3.85% Other
Regions 13.21%
Top Country Breakdown
United Kingdom 33.57%
United States 15.55%
Japan 10.63%
Cash and Equivalents 4.16%
Germany 3.64%
Non-Classified 5.65%
France 2.94%
Other Countries 23.87%
Fixed Interest Currencies
Non-Fixed Interest Assets 90.86% Cash 4.16% Pound Sterling 2.50%
US Dollar 0.62% Euro 0.50% Yen 0.49% Other Currencies 0.87%
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall. Please note the performance
figures for this fund's benchmark are not availableuntil around
week 3 after a quarter end. Therefore the figures shown until after
this point in time may be for the previous quarter.The Industry
Classification Benchmark is a product of FTSE International Limited
and has been licensed for use.Prudential is a trading name of
Prudential Pensions Limited. This name is also used by other
companies within the Prudential Group. Prudential Pensions Limited
is registered inEngland and Wales. Registered office at Laurence
Pountney Hill, London EC4R 0HH. Registered number 992726.
Authorised by the Prudential Regulation Authority and regulated
bythe Financial Conduct Authority and the Prudential Regulation
Authority.
-
Prudential Discretionary S3
Performance comment
Performance as at Q1 2017 - While the Discretionary Fund is
moving to its new internal asset allocation benchmark, the fund
outperformed both the ABI benchmark and the internalbenchmark for a
second quarter. Amid signs of continuing growth in the global
economy and greater inflationary pressures, equities performed
better than bonds during thequarter.
In terms of equities, the fund’s performance was helped by
positive stock selection in the UK and Pacific markets, with the
remaining overseas markets lagging their respectivebenchmarks
slightly.
Meanwhile, although the absolute return for bonds lagged that of
equities, stock selection was generally positive across bond funds
in the portfolio.
The fund’s new asset allocation benchmark has a reduced equity
weighting and an increased bond and property weighting, compared to
the fund’s current positioning. However,once the fund manager has
completed the repositioning of the portfolio, the fund is still
expected to retain an above-index presence in equities and a
below-index position in bondsand property.
Within the portfolio, this move is likely to result in a reduced
exposure to US, European and UK equities and a correspondingly
greater presence in Asian equities, property andbonds.
Global growth remains positive, with the US and UK economies
progressing well, while Europe is showing a more broad-based
recovery than previously. China too seems to beholding up well.
Notwithstanding this favourable environment, investor sentiment
remains vulnerable to political risk, most notably a number of
elections in Europe this year, theBrexit negotiations and
geopolitical tension in Asia.
This commentary reflects the general views of individual fund
managers and should not be taken as a recommendation of advice as
to how any specific market is likely to perform.Source: M&G
Investments
Important Information
Prudential is a trading name of Prudential Pensions Limited.
This name is also used by other companies within the Prudential
Group. Prudential Pensions Limited is registered inEngland and
Wales. Registered office at Laurence Pountney Hill, London EC4R
0HH. Registered number 992726. Authorised by the Prudential
Regulation Authority and regulated bythe Financial Conduct
Authority and the Prudential Regulation Authority.
-
Prudential Fixed Interest S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP Fixed Interest Fund. That fund investsmainly in UK
government gilts. The fund is activelymanaged against its
benchmark, the FTSE Actuaries UKConventional Gilts All Stocks
Index. The fund can alsoinvest in overseas government bonds and
corporatebonds issued by UK and overseas companies andinstitutions.
Exposure to short-term exchange ratemovements from any overseas
holdings is mitigated byhedging.
Performance Objective: To outperform the benchmark by0.75% a
year (before charges) on a rolling three yearbasis.
Benchmark
Benchmark FTSE Actuaries UK Conventional Gilts AllStocks
IndexABI Sector Sterling Fixed Interest
Identification CodesSedol Code 3168585Mex Code PUFITIsin Code
GB0031685851Citi Code P272
Fund OverviewDaily price (24/07/2017) 260.70Fund size
(31/05/2017) £40.59m
Underlying Fund size £90.37mNumber of holdings 12Launch date
06/04/2001
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund -2.0% 2.7% 9.4% 13.7% -0.2%Benchmark -2.4% 2.3%
8.9% 13.5% -0.9%
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund -0.9% 7.5% 4.6% 7.1%Benchmark -1.3% 7.0% 4.1% 6.5%
Prudential Risk Rating
Medium RiskThese funds may invest in multi-asset strategies with
a higher weighting in equities, while funds investing mainly
inproperty and, currently, government bonds (such as UK Gilts) are
also in this category.
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Miles Tym4 years, 9 months
Important Information
For some funds, there is a short time-lag between a policyholder
investing his money, the money passing through the accounting
system and then buying the underlyinginvestments. This time-lag or
“dealing cycle” is not factored in to performance of the Prudential
fund. You may therefore see a difference between the Prudential
fund’sperformance and that of any underlying fund it invests in
to.Source: FTSE International Limited (“FTSE”) © FTSE 2015. “FTSE®”
is a trade mark of the London Stock Exchange Group companies and is
used by FTSE International Limitedunder licence. All rights in the
FTSE indices and / or FTSE ratings vest in FTSE and/or its
licensors. Neither FTSE nor its licensors accept any liability for
any errors or omissions inthe FTSE indices and / or FTSE ratings or
underlying data. No further distribution of FTSE Data is permitted
without FTSE’s express written consent.Source of portfolio data:
FundsLibrary. Source of performance data: Financial Express (FE).
Please remember that past performance is not a reliable indicator
of futureperformance. The figures shown are intended only to
demonstrate performance history of the fund and take no account of
product charges. The application of charges mayimpact the overall
performance. Please also note that our charges may vary in the
future and may be higher than they are now. Fund Performance is
based upon the movement ofthe 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 and you may not get back the
amountyou put in.This factsheet is intended for the trustees,
sponsors, advisers and members of occupational pension schemes
using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential Fixed Interest S3
Portfolio data accurate as at: 31/05/17
Top 10 Holdings
Name % Weight Sector Country1 1¾% Treasury Gilt 2019 22.61%
Bonds United Kingdom2 1¾% Treasury Gilt 2037 16.40% Bonds United
Kingdom3 1½% Treasury Gilt 2047 14.11% Bonds United Kingdom4 4¼%
Treasury Stock 2032 11.40% Bonds United Kingdom5 ⅛% Index-linked
Treasury Gilt 2019 10.61% Bonds United Kingdom6 1 3/4 Treasury 2057
10.21% Bonds United Kingdom7 ½% Treasury Gilt 2022 8.93% Bonds
United Kingdom8 1½% Treasury Gilt 2026 7.28% Bonds United Kingdom9
4¼% Treasury Gilt 2039 2.00% Bonds United Kingdom
10 LEGAL & GENERAL GP5.5%-STP SUB 27/06/2064 GBP 0.80% Life
Insurance United Kingdom
Asset Allocation
UK Gilts 103.71% Cash and Equivalents 2.15% UK Corporate Bonds
0.80% Other Assets -6.65%
Bond Sector Breakdown
Financials 0.80%
Government 103.71%
Non-Classified -6.65%
Cash and Equivalents 2.15%
Fixed Interest Quality Profile
AA 103.71%
BBB 0.80%
Cash and Equivalents 2.15%
Other Asset Types -6.65%
Fixed Interest Currencies
Pound Sterling 104.50% Cash 2.15% Non-Fixed Interest Assets
-6.65%
Regional Allocation
UK 104.50% Cash and Equivalents 2.15% Non-Classified -6.65%
Top Country Breakdown
United Kingdom 104.50%
Cash and Equivalents 2.15%
Non-Classified -6.65%
Fixed Interest Maturity Profile
> 15Yr Maturity 55.08%
< 5Yr Maturity 33.22%
5Yr - 10Yr Maturity 16.21%
Cash And Equivalents 2.15%
Unknown Maturity -6.65%
Important Information
The Industry Classification Benchmark is a product of FTSE
International Limited and has been licensed for use.Prudential is a
trading name of Prudential Pensions Limited. This name is also used
by other companies within the Prudential Group. Prudential Pensions
Limited is registered inEngland and Wales. Registered office at
Laurence Pountney Hill, London EC4R 0HH. Registered number 992726.
Authorised by the Prudential Regulation Authority and regulated
bythe Financial Conduct Authority and the Prudential Regulation
Authority.
-
Prudential Fixed Interest S3
Performance comment
Performance as at Q1 2017 - During the quarter, the fund manager
opened a tactical short duration position in UK government bonds
(gilts). This has contributed negatively to thefund’s performance.
However, this position is expected to be supported going forward as
central bank bond-buying programmes end, along with increased gilt
issuance.
The manager added further exposure to gilts maturing in 30 years
which he believes offered better relative value than shorter and
longer dated issues. The manager increasedthe size of this position
as these securities continued to cheapen during the course of the
quarter.
The overweight versus benchmark position in gilts maturing in 10
years being held against shorter and longer dated gilts was closed.
The 10-year part of the yield curve hadnormalised after cheapening
significantly.
This commentary reflects the general views of individual fund
managers and should not be taken as a recommendation of advice as
to how any specific market is likely to perform.Source: M&G
Investments
Important Information
Prudential is a trading name of Prudential Pensions Limited.
This name is also used by other companies within the Prudential
Group. Prudential Pensions Limited is registered inEngland and
Wales. Registered office at Laurence Pountney Hill, London EC4R
0HH. Registered number 992726. Authorised by the Prudential
Regulation Authority and regulated bythe Financial Conduct
Authority and the Prudential Regulation Authority.
-
Prudential Global Equity S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP Global Equity Fund. That fund provides anall equity
approach to investment, holding a 70% UKequity and 30% mix of
overseas company shares, viaother M&G PP funds. For the
overseas shares it isactively managed against an internal
compositebenchmark asset allocation set by the Prudential
PortfolioManagement Group. It is a “fund of funds” where bothactive
stock selection, within the underlying sectorfunds, and asset
allocation decisions are used to addvalue.
Performance Objective: To outperform the internalcomposite
benchmark by 1.0% a year (before charges)on a rolling three year
basis.
Benchmark
Benchmark Internal composite benchmark, assetallocation set by
the PPMGABI Sector Global Equities
Identification CodesSedol Code 3168596Mex Code PUGLEIsin Code
GB0031685968Citi Code P273
Fund OverviewDaily price (21/07/2017) 317.70Fund size
(31/05/2017) £77.62m
Underlying Fund size £163.52mNumber of holdings 1708Launch date
06/04/2001
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund 19.7% 12.0% 5.7% 2.4% 23.9%Sector 21.6% 9.6% 8.5%
6.5% 24.0%Rank 333/722 214/755 668/797 703/846 558/883Quartile 2 2
4 4 3
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund 1.8% 10.3% 12.4% 7.0%Sector 1.5% 12.7% 13.8% 6.9%Rank
345/901 716/797 582/722 333/468Quartile 2 4 4 3
Prudential Risk Rating
Medium to Higher RiskThese funds offer a diverse geographical
spread of equity investment. The funds within this category will
havegreater overseas exposure and underlying volatility than the
"medium" sector.
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Prudential Portfolio Management Group25 years, 1 months
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall.For some funds, there is a
short time-lag between a policyholder investing his money, the
money passing through the accounting system and then buying the
underlyinginvestments. This time-lag or “dealing cycle” is not
factored in to performance of the Prudential fund. You may
therefore see a difference between the Prudential fund’sperformance
and that of any underlying fund it invests in to.Source: FTSE
International Limited (“FTSE”) © FTSE 2015. “FTSE®” is a trade mark
of the London Stock Exchange Group companies and is used by FTSE
International Limitedunder licence. All rights in the FTSE indices
and / or FTSE ratings vest in FTSE and/or its licensors. Neither
FTSE nor its licensors accept any liability for any errors or
omissions inthe FTSE indices and / or FTSE ratings or underlying
data. No further distribution of FTSE Data is permitted without
FTSE’s express written consent.Source: MSCI. MSCI makes no express
or implied warranties or representations and shall have no
liability whatsoever with respect to any MSCI data contained
herein. The MSCIdata may not be further redistributed or used as a
basis for other indices or any securities or financial products.
This report is not approved, endorsed, reviewed or produced byMSCI.
None of the MSCI data is intended to constitute investment advice
or a recommendation to make (or refrain from making) any kind of
investment decision and may not berelied on as such.Source of
portfolio data: FundsLibrary. Source of performance data: Financial
Express (FE). Please remember that past performance is not a
reliable indicator of futureperformance. The figures shown are
intended only to demonstrate performance history of the fund and
take no account of product charges. The application of charges
mayimpact the overall performance. Please also note that our
charges may vary in the future and may be higher than they are now.
Fund Performance is based upon the movement ofthe 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 and you may not
get back the amountyou put in.This factsheet is intended for the
trustees, sponsors, advisers and members of occupational pension
schemes using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential Global Equity S3
Portfolio data accurate as at: 31/05/17
Top 10 Holdings
Name % Weight Sector Country1 BP 3.52% Oil & Gas Producers
United Kingdom2 HSBC Holdings PLC (UK Reg) 2.85% Banks United
Kingdom3 British American Tobacco 2.67% Tobacco United Kingdom4
Royal Dutch Shell B 2.11% Oil & Gas Producers United Kingdom5
Lloyds Banking Group 1.94% Banks United Kingdom6 AstraZeneca 1.70%
Pharmaceuticals & Biotechnology United Kingdom7 Aviva 1.50%
Life Insurance United Kingdom8 GlaxoSmithKline 1.36%
Pharmaceuticals & Biotechnology United Kingdom9 Rio Tinto 1.25%
Mining United Kingdom
10 Vodafone Group 1.11% Mobile Telecommunications United
Kingdom
Asset Allocation
UK Equities 63.64% International Equities 32.60% Cash and
Equivalents 1.45% Property 1.38% Investment Trusts 0.67%
Alternative Trading Strategies 0.00% Other Assets 0.27%
Equity Sector Breakdown
Basic Materials 6.82%
Consumer Goods 11.71%
Consumer Services 11.46%
Financials 23.43%
Health Care 9.11%
Industrials 14.75%
Oil & Gas 9.03%
Other Sectors 13.70%
Breakdown By Market Cap (%)
Mega 48.52%
Large 17.92%
Medium 19.75%
Small 6.34%
Micro 3.10%
Non-Classified 2.93%
Cash 1.45%
Regional Allocation
UK 63.64% Developed Europe - Excl UK 10.45% North America 8.61%
Emerging Asia 4.98% Japan 3.42% Developed Asia 2.38% Other Regions
6.53%
Top Country Breakdown
United Kingdom 63.64%
United States 7.62%
Japan 3.42%
Ireland 2.26%
Australia 2.01%
Hong Kong 1.83%
Germany 1.79%
Other Countries 17.44%
Fixed Interest Currencies
Non-Fixed Interest Assets 98.08% Cash 1.92%
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall.The Industry Classification
Benchmark is a product of FTSE International Limited and has been
licensed for use.Prudential is a trading name of Prudential
Pensions Limited. This name is also used by other companies within
the Prudential Group. Prudential Pensions Limited is registered
inEngland and Wales. Registered office at Laurence Pountney Hill,
London EC4R 0HH. Registered number 992726. Authorised by the
Prudential Regulation Authority and regulated bythe Financial
Conduct Authority and the Prudential Regulation Authority.
-
Prudential Global Equity S3
Performance comment
Performance as at Q1 2017 - The global economy continues to show
signs of growth and inflationary pressures are starting to
increase. In this environment, investors werebroadly confident and
equities performed well over the quarter.
The fund was broadly in line with the benchmark; stock selection
in the UK equity component of the fund was positive, while the
relatively small exposure to the Pacific Basin alsoadded value on
the back of a weaker US dollar and signs of encouraging economic
growth.
The underlying European fund was behind its index as stock
selection held back returns. Meanwhile, asset allocation in this
fund was broadly neutral; a below-index position infinancials was
helpful, although a relatively large presence in oil detracted from
performance.
Meanwhile, the US, Japanese and emerging markets were also
behind their respective benchmarks.
The fund is transitioning to its new overseas equity benchmark
and the fund manager aims to achieve this in the most efficient and
cost-effective manner.
Prospects for the global economy remain fairly encouraging,
while inflationary pressures are increasing in many markets, most
notably the US, UK and Europe. At the same time,political risk is
at the front of many investors’ minds, with elections due in
France, the UK and Germany this year. Furthermore, there remains
considerable uncertainty about Brexitnegotiations.
Investors’ initial euphoria following the election of President
Trump in the US has been tempered somewhat in the wake of his
failure thus far to implement significant healthreforms; there
appears to be reduced confidence in the new president’s ability to
pass anticipated tax reforms.
This commentary reflects the general views of individual fund
managers and should not be taken as a recommendation of advice as
to how any specific market is likely to perform.Source: M&G
Investments
Important Information
Prudential is a trading name of Prudential Pensions Limited.
This name is also used by other companies within the Prudential
Group. Prudential Pensions Limited is registered inEngland and
Wales. Registered office at Laurence Pountney Hill, London EC4R
0HH. Registered number 992726. Authorised by the Prudential
Regulation Authority and regulated bythe Financial Conduct
Authority and the Prudential Regulation Authority.
-
Prudential Index-Linked S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP Index-Linked Fund. That fund investsmainly in UK
Government index-linked gilts, typically withover five years to
maturity. The fund is actively managedagainst its benchmark, the
FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index. The fund
can alsoinvest in corporate bonds, overseas government bondsand
fixed interest gilts. Exposure to short-term exchangerate movements
from any overseas holdings is mitigatedby hedging.
Performance Objective: To outperform the benchmark by0.75% a
year (before charges) on a rolling three yearbasis.
Benchmark
Benchmark FTSE Actuaries UK Index-Linked Gilts Over5 Years
IndexABI Sector UK Index-linked Gilts
Identification CodesSedol Code 3168604Mex Code PUILIsin Code
GB0031686040Citi Code P275
Fund OverviewDaily price (21/07/2017) 387.20Fund size
(31/05/2017) £67.91m
Underlying Fund size £199.26mNumber of holdings 12Launch date
06/04/2001
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund 3.4% 5.1% 15.9% 18.4% 7.4%Benchmark 2.7% 4.3% 15.8%
17.0% 7.1%
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund -2.5% 13.8% 9.9% 10.6%Benchmark -2.4% 13.2% 9.2% 9.7%
Prudential Risk Rating
Medium RiskThese funds may invest in multi-asset strategies with
a higher weighting in equities, while funds investing mainly
inproperty and, currently, government bonds (such as UK Gilts) are
also in this category.
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Miles Tym4 years, 9 months
Important Information
For some funds, there is a short time-lag between a policyholder
investing his money, the money passing through the accounting
system and then buying the underlyinginvestments. This time-lag or
“dealing cycle” is not factored in to performance of the Prudential
fund. You may therefore see a difference between the Prudential
fund’sperformance and that of any underlying fund it invests in
to.Source: FTSE International Limited (“FTSE”) © FTSE 2015. “FTSE®”
is a trade mark of the London Stock Exchange Group companies and is
used by FTSE International Limitedunder licence. All rights in the
FTSE indices and / or FTSE ratings vest in FTSE and/or its
licensors. Neither FTSE nor its licensors accept any liability for
any errors or omissions inthe FTSE indices and / or FTSE ratings or
underlying data. No further distribution of FTSE Data is permitted
without FTSE’s express written consent.Source of portfolio data:
FundsLibrary. Source of performance data: Financial Express (FE).
Please remember that past performance is not a reliable indicator
of futureperformance. The figures shown are intended only to
demonstrate performance history of the fund and take no account of
product charges. The application of charges mayimpact the overall
performance. Please also note that our charges may vary in the
future and may be higher than they are now. Fund Performance is
based upon the movement ofthe 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 and you may not get back the
amountyou put in.This factsheet is intended for the trustees,
sponsors, advisers and members of occupational pension schemes
using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential Index-Linked S3
Portfolio data accurate as at: 31/05/17
Top 10 Holdings
Name % Weight Sector Country1 1¼% Index-linked Treasury Gilt
2032 19.86% Bonds United Kingdom2 ⅛ I-L Treasury 2065 16.33% Bonds
United Kingdom3 ⅜% Index-linked Treasury Gilt 2062 13.27% Bonds
United Kingdom4 ⅛% Index-linked Treasury Gilt 2029 10.85% Bonds
United Kingdom5 2% Index-linked Treasury Stock 2035 9.28% Bonds
United Kingdom6 1¼% Index-linked Treasury Gilt 2017 8.17% Bonds
United Kingdom7 1¼% Index-linked Treasury Gilt 2055 7.88% Bonds
United Kingdom8 ½% Index-linked Treasury Gilt 2050 4.48% Bonds
United Kingdom9 ⅛% Index-linked Treasury Gilt 2036 2.29% Bonds
United Kingdom
10 2½% Index-linked Treasury Stock 2024 2.16% Bonds United
Kingdom
Asset Allocation
UK Gilts 96.86% Cash and Equivalents 3.14%
Bond Sector Breakdown
Government 96.86%
Cash and Equivalents 3.14%
Fixed Interest Quality Profile
AA 96.86%
Cash and Equivalents 3.14%
Fixed Interest Currencies
Pound Sterling 96.86% Cash 3.14%
Regional Allocation
UK 96.86% Cash and Equivalents 3.14%
Top Country Breakdown
United Kingdom 96.86%
Cash and Equivalents 3.14%
Fixed Interest Maturity Profile
> 15Yr Maturity 75.69%
10Yr - 15Yr Maturity 10.85%
< 5Yr Maturity 8.17%
Cash And Equivalents 3.14%
5Yr - 10Yr Maturity 2.16%
Important Information
The Industry Classification Benchmark is a product of FTSE
International Limited and has been licensed for use.Prudential is a
trading name of Prudential Pensions Limited. This name is also used
by other companies within the Prudential Group. Prudential Pensions
Limited is registered inEngland and Wales. Registered office at
Laurence Pountney Hill, London EC4R 0HH. Registered number 992726.
Authorised by the Prudential Regulation Authority and regulated
bythe Financial Conduct Authority and the Prudential Regulation
Authority.
-
Prudential Index-Linked S3
Performance comment
Performance as at Q1 2017 - During the quarter, the manager
opened and later closed an overweight position in 50-year
conventional UK government bonds (gilts) versus 50-yearindex-linked
gilts. This contributed to the bulk of the fund’s outperformance
over the quarter.
The manager opened a tactical short duration position, using
10-year futures, as the market had become increasingly overvalued.
This position detracted from the performance ofthe fund.
This commentary reflects the general views of individual fund
managers and should not be taken as a recommendation of advice as
to how any specific market is likely to perform.Source: M&G
Investments
Important Information
Prudential is a trading name of Prudential Pensions Limited.
This name is also used by other companies within the Prudential
Group. Prudential Pensions Limited is registered inEngland and
Wales. Registered office at Laurence Pountney Hill, London EC4R
0HH. Registered number 992726. Authorised by the Prudential
Regulation Authority and regulated bythe Financial Conduct
Authority and the Prudential Regulation Authority.
-
Prudential International Equity S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP International Equity Fund. That fundinvests, via
other M&G PP funds, in the shares ofoverseas companies. It is
actively managed against aninternal composite benchmark asset
allocation set by thePrudential Portfolio Management Group. It is a
“fund offunds” where both active stock selection, within
theunderlying sector funds, and asset allocation decisionsare used
to add value.
Performance Objective: To outperform the internalcomposite
benchmark by 1.0% a year (before charges)on a rolling three year
basis.
Benchmark
Benchmark Internal composite benchmark, assetallocation set by
the PPMGABI Sector Global Equities
Identification CodesSedol Code 3168626Mex Code PUINEIsin Code
GB0031686263Citi Code P279
Fund OverviewDaily price (21/07/2017) 388.60Fund size
(31/05/2017) £93.15m
Underlying Fund size £132.24mNumber of holdings 1092Launch date
06/04/2001
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund 22.7% 11.0% 8.8% 10.7% 28.3%Benchmark 23.1% 9.0%
9.9% 11.6% 26.0%
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund 1.6% 15.6% 16.1% 8.9%Benchmark 1.9% 15.6% 15.7% 8.4%
Prudential Risk Rating
Medium to Higher RiskThese funds offer a diverse geographical
spread of equity investment. The funds within this category will
havegreater overseas exposure and underlying volatility than the
"medium" sector.
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Prudential Portfolio Management Group36 years, 3 monthsImportant
Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall.Please note the performance
figures for this fund's benchmark are not available until around
week 3 after a quarter end. Therefore the figures shown until after
this point in timemay be for the previous quarter.For some funds,
there is a short time-lag between a policyholder investing his
money, the money passing through the accounting system and then
buying the underlyinginvestments. This time-lag or “dealing cycle”
is not factored in to performance of the Prudential fund. You may
therefore see a difference between the Prudential fund’sperformance
and that of any underlying fund it invests in to.Source: FTSE
International Limited (“FTSE”) © FTSE 2015. “FTSE®” is a trade mark
of the London Stock Exchange Group companies and is used by FTSE
International Limitedunder licence. All rights in the FTSE indices
and / or FTSE ratings vest in FTSE and/or its licensors. Neither
FTSE nor its licensors accept any liability for any errors or
omissions inthe FTSE indices and / or FTSE ratings or underlying
data. No further distribution of FTSE Data is permitted without
FTSE’s express written consent.Source: MSCI. MSCI makes no express
or implied warranties or representations and shall have no
liability whatsoever with respect to any MSCI data contained
herein. The MSCIdata may not be further redistributed or used as a
basis for other indices or any securities or financial products.
This report is not approved, endorsed, reviewed or produced byMSCI.
None of the MSCI data is intended to constitute investment advice
or a recommendation to make (or refrain from making) any kind of
investment decision and may not berelied on as such.Source of
portfolio data: FundsLibrary. Source of performance data: Financial
Express (FE). Please remember that past performance is not a
reliable indicator of futureperformance. The figures shown are
intended only to demonstrate performance history of the fund and
take no account of product charges. The application of charges
mayimpact the overall performance. Please also note that our
charges may vary in the future and may be higher than they are now.
Fund Performance is based upon the movement ofthe 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 and you may not
get back the amountyou put in.This factsheet is intended for the
trustees, sponsors, advisers and members of occupational pension
schemes using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential International Equity S3
Portfolio data accurate as at: 31/05/17
Top 10 Holdings
Name % Weight Sector Country1 Apple 1.45% Technology Hardware
& Equipment United States2 Roche Holding AG Part. Cert. 1.28%
Pharmaceuticals & Biotechnology Switzerland3 Microsoft Corp.
1.23% Software & Computer Services United States4 Novartis AG
1.15% Pharmaceuticals & Biotechnology Switzerland5 Nestle S.A.
0.92% Food Producers Switzerland6 Bayer AG 0.90% Chemicals Germany7
Sanofi 0.84% Pharmaceuticals & Biotechnology France8 JPMorgan
Chase & Co. 0.83% Banks United States9 Siemens AG 0.81% General
Industrials Germany
10 Exxon Mobil Corp. 0.79% Oil & Gas Producers United
States
Asset Allocation
International Equities 97.68% Cash and Equivalents 1.44%
Property 0.50% UK Equities 0.31% Alternative Trading Strategies
0.00% Other Assets 0.07%
Equity Sector Breakdown
Basic Materials 5.77%
Consumer Goods 12.82%
Consumer Services 9.78%
Financials 21.98%
Health Care 10.43%
Industrials 14.25%
Oil & Gas 5.73%
Other Sectors 19.23%
Breakdown By Market Cap (%)
Mega 62.23%
Large 19.80%
Medium 12.42%
Small 1.09%
Non-Classified 3.03%
Cash 1.44%
Regional Allocation
North America 38.80% Developed Europe - Excl UK 30.47% Japan
16.05% Emerging Asia 6.22% Developed Asia 2.70% Australia & New
Zealand 1.63% Other Regions 4.12%
Top Country Breakdown
United States 36.84%
Japan 16.05%
Germany 6.47%
France 5.25%
Switzerland 5.19%
Netherlands 3.50%
South Korea 2.27%
Other Countries 24.43%
Fixed Interest Currencies
Non-Fixed Interest Assets 98.70% Cash 1.29% Euro 0.01%
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall. Please note the performance
figures for this fund's benchmark are not availableuntil around
week 3 after a quarter end. Therefore the figures shown until after
this point in time may be for the previous quarter.The Industry
Classification Benchmark is a product of FTSE International Limited
and has been licensed for use.Prudential is a trading name of
Prudential Pensions Limited. This name is also used by other
companies within the Prudential Group. Prudential Pensions Limited
is registered inEngland and Wales. Registered office at Laurence
Pountney Hill, London EC4R 0HH. Registered number 992726.
Authorised by the Prudential Regulation Authority and regulated
bythe Financial Conduct Authority and the Prudential Regulation
Authority.
-
Prudential International Equity S3
Performance comment
Performance as at Q1 2017 - Against a backdrop of sustained
growth in the global economy and generally positive investor
sentiment, equity markets made solid gains over thequarter. In this
environment, the fund was behind its new internal benchmark.
Stockpicking in the underlying Pacific Market fund was
beneficial for performance, while this market also produced one of
the strongest returns in absolute terms, aided by theweaker US
dollar and solid economic growth. Meanwhile, in the underlying US
fund, stock selection in industrials, information technology and
energy detracted from relativeperformance. However, the allocation
to healthcare contributed to performance over the quarter.
Although all of the underlying funds produced positive absolute
returns, all but the Pacific Market lagged the returns of their
respective benchmarks.
The fund is transitioning to its new overseas equity benchmark
and the fund manager aims to achieve this in the most efficient and
cost-effective manner.
The outlook appears reasonably positive on the economic front:
the US and other major economies, including Europe, are growing at
a reasonable pace. Investor sentimentregarding US equities has
modified from the euphoria following Donald Trump’s election as
president in light of questions emerging regarding his ability to
pass significant economicreforms. Nevertheless, the US remains a
stable and growing economy.
Against this favourable economic backdrop, a number of political
factors may lead to greater investor caution and volatility: Europe
is facing significant elections in France andGermany, while
investors will also be watching the Brexit negotiations closely.
Furthermore, any further tensions concerning North Korea and its
relations with major militarypowers could also affect
sentiment.
This commentary reflects the general views of individual fund
managers and should not be taken as a recommendation of advice as
to how any specific market is likely to perform.Source: M&G
Investments
Important Information
Prudential is a trading name of Prudential Pensions Limited.
This name is also used by other companies within the Prudential
Group. Prudential Pensions Limited is registered inEngland and
Wales. Registered office at Laurence Pountney Hill, London EC4R
0HH. Registered number 992726. Authorised by the Prudential
Regulation Authority and regulated bythe Financial Conduct
Authority and the Prudential Regulation Authority.
-
Prudential Long Term Growth Passive S3
AimsThe investment strategy of the fund is to purchase unitsin
the M&G PP Long Term Growth Passive Fund. Thatfund invests, via
other M&G PP funds, in the shares ofcompanies around the world
against a benchmark of50% UK and 50% overseas (in fixed
proportionsreflecting each region’s economic importance). It is
a“fund of funds” and both the proportions invested ineach region
and investments in each region arepassively managed except for
emerging markets whichare actively managed. The split between the
UK andoverseas regions may be reviewed from time to time.
Performance Objective: To match the performance of thebenchmark
as closely as possible.
BenchmarkBenchmark Mix of FTSE and MSCI regional indicesABI
Sector Global Equities
Identification CodesSedol Code 3168637Mex Code PULTGRIsin Code
GB0031686370Citi Code P280
Fund OverviewDaily price (21/07/2017) 326.60Fund size
(31/05/2017) £109.35m
Underlying Fund size £151.31mNumber of holdings 2229Launch date
30/04/2002
Fund Charges
Base Annual ManagementCharge (AMC)
Please refer to the"Fund Guide"
for your specificpension plan
Performance
Discrete performance - to latest available quarter
end30/06/12
to30/06/13
30/06/13to
30/06/14
30/06/14to
30/06/15
30/06/15to
30/06/16
30/06/16to
30/06/17Fund 20.4% 11.6% 4.7% 5.8% 22.4%Sector 21.6% 9.6% 8.5%
6.5% 24.0%Rank 586/722 246/755 711/797 485/846 652/883Quartile 4 2
4 3 3
Performance - to latest available quarter endQuarter
Annualised
22017
3 Years to30/06/17
5 Years to30/06/17
10 Years to30/06/17
Fund 1.6% 10.7% 12.7% 7.0%Sector 1.5% 12.7% 13.8% 6.9%Rank
392/901 671/797 605/722 329/468Quartile 2 4 4 3
Prudential Risk Rating
Medium to Higher RiskThese funds offer a diverse geographical
spread of equity investment. The funds within this category will
havegreater overseas exposure and underlying volatility than the
"medium" sector.
These risk ratings have been developed by Prudential to help
provide an indication of a fund’s potential level of riskand reward
based on the type of assets which may be held by the fund. Other
companies may use differentdescriptions and as such these risk
ratings should not be considered as generic across the fund
managementindustry.
We regularly review our fund risk ratings, so they may change in
the future. If, in our view, there is a materialchange in the
fund's level of risk, for example due to a significant change to
the assets held by the fund or in theway the fund is managed, we
will provide information on the new risk rating. We recommend that
you make sureyou 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.
Fund Managers
Name:Manager of the underlying fund for:
Prudential Portfolio Management Group16 years, 6 months
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall.For some funds, there is a
short time-lag between a policyholder investing his money, the
money passing through the accounting system and then buying the
underlyinginvestments. This time-lag or “dealing cycle” is not
factored in to performance of the Prudential fund. You may
therefore see a difference between the Prudential fund’sperformance
and that of any underlying fund it invests in to.Source: FTSE
International Limited (“FTSE”) © FTSE 2015. “FTSE®” is a trade mark
of the London Stock Exchange Group companies and is used by FTSE
International Limitedunder licence. All rights in the FTSE indices
and / or FTSE ratings vest in FTSE and/or its licensors. Neither
FTSE nor its licensors accept any liability for any errors or
omissions inthe FTSE indices and / or FTSE ratings or underlying
data. No further distribution of FTSE Data is permitted without
FTSE’s express written consent.Source: MSCI. MSCI makes no express
or implied warranties or representations and shall have no
liability whatsoever with respect to any MSCI data contained
herein. The MSCIdata may not be further redistributed or used as a
basis for other indices or any securities or financial products.
This report is not approved, endorsed, reviewed or produced byMSCI.
None of the MSCI data is intended to constitute investment advice
or a recommendation to make (or refrain from making) any kind of
investment decision and may not berelied on as such.Source of
portfolio data: FundsLibrary. Source of performance data: Financial
Express (FE). Please remember that past performance is not a
reliable indicator of futureperformance. The figures shown are
intended only to demonstrate performance history of the fund and
take no account of product charges. The application of charges
mayimpact the overall performance. Please also note that our
charges may vary in the future and may be higher than they are now.
Fund Performance is based upon the movement ofthe 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 and you may not
get back the amountyou put in.This factsheet is intended for the
trustees, sponsors, advisers and members of occupational pension
schemes using Prudential group pension contracts and Prudential
groupedpersonal 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 providedfor 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 beappreciated that neither FundsLibrary, Prudential
nor their sources guarantee the accuracy, adequacy or completeness
of this information or make any warranties regardingresults from
its usage.
-
Prudential Long Term Growth Passive S3
Portfolio data accurate as at: 31/05/17
Top 10 Holdings
Name % Weight Sector Country1 HSBC Holdings PLC (UK Reg) 2.80%
Banks United Kingdom2 British American Tobacco 2.11% Tobacco United
Kingdom3 Royal Dutch Shell A 1.84% Oil & Gas Producers United
Kingdom4 BP 1.82% Oil & Gas Producers United Kingdom5 Royal
Dutch Shell B 1.73% Oil & Gas Producers United Kingdom6
GlaxoSmithKline 1.72% Pharmaceuticals & Biotechnology United
Kingdom7 AstraZeneca 1.35% Pharmaceuticals & Biotechnology
United Kingdom8 Vodafone Group 1.27% Mobile Telecommunications
United Kingdom9 Diageo 1.20% Beverages United Kingdom
10 Unilever 1.07% Personal Goods United Kingdom
Asset Allocation
International Equities 49.34% UK Equities 44.89% Investment
Trusts 2.15% Property 1.82% Cash and Equivalents 0.81%
International Bonds 0.01% Other Assets 0.98%
Equity Sector Breakdown
Basic Materials 6.09%
Consumer Goods 15.92%
Consumer Services 9.71%
Financials 24.33%
Health Care 9.21%
Industrials 12.77%
Oil & Gas 7.79%
Other Sectors 14.20%
Breakdown By Market Cap (%)
Mega 56.11%
Large 23.29%
Medium 12.40%
Small 1.94%
Micro 0.18%
Non-Classified 5.26%
Bonds 0.01%
Cash 0.81%
Regional Allocation
UK 44.89% Developed Europe - Excl UK 19.32% North America 11.22%
Japan 7.10% Emerging Asia 5.59% Non-Classified 3.13% Other Regions
8.74%
Top Country Breakdown
United Kingdom 44.89%
United States 10.57%
Japan 7.10%
Germany 3.75%
France 3.58%
Switzerland 3.53%
Non-Classified 3.13%
Other Countries 23.44%
Fixed Interest Currencies
Non-Fixed Interest Assets 99.19% Cash 0.81% US Dollar 0.01%
Important Information
Exchange rate fluctuations may cause the Sterling values of
overseas investments to rise or fall.The Industry Classification
Benchmark is a product of FTSE International Limited and has been
licensed for use.Prudential is a trading name of Prudential
Pensions Limited. This name is also used by other companies within
the Prudential Group. Prudential Pensions Limited is registered
inEngland and Wales. Registered office at Laurence Pountney Hill,
London EC4R 0HH. Registered number 992726. Authorised by the
Prudential Regulation Authority and regulated bythe Financial
Conduct Authority and the Prudential Regulation Authority.
-
Prudential Long Term Growth Passive S3
Performance comment
Performance as at Q1 2017 - While political events, such as the
UK’s first steps on the road to Brexit, approaching elections in
Europe and President Trump’s attempts to meetcampaign promises
dominated headlines, global economic data continued to improve.
Investors were encouraged by higher company profits and some
significant takeover activity,prompting several major stockmarket
indices to hit all-time highs, notably in the US and UK. For much
of the quarter, sentiment was supported by hopes that President
Trump wouldintroduce policies designed to stimulate growth, such as
lower taxes, even though the prospect of such moves faded
later.
The prospect of protracted Brexit negotiations weighed on the
pound, which boosted the value of the many multinational companies
represented in the UK’s FTSE 100. Thispushed the index to record
highs.
US stockmarket indices hit successive record highs as well, but
the rally stalled towards the end of the quarter, as doubts began
to build over the new president’s ability to deliveron his pledges,
especially as he was forced to abandon his attempts to reform
healthcare. Technology companies were among the market leaders,
which helped the technology-dominated Nasdaq Index to
outperform.
Although th