Fund changes

Our funds are always potentially subject to changes, and we want to keep you up-to-date with what's happening. You'll find information on recent changes below.

We'd recommend that you visit this page for information if you are considering your investment choice. This page is for information purposes only. Please speak to your adviser if you require any more information.

Prudential decided to remove the word 'Balanced' from the fund name.

The fund's existing strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the changes that applied to the Prudential fund:

 Fund name
Previous  Prudential Balanced Income and Growth Bond Fund
 New Prudential Income and Growth Bond Fund

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

GLG changed the name of the fund underlying Prudential GLG Japan Core Alpha Fund in August 2015.

The fund's existing strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

 Fund name Fund description 
Previous  Prudential GLG Japan Core Alpha Fund The investment strategy of the fund is to buy units in the GLG Japan Core Alpha Fund. That fund aims to achieve capital growth through investing in quoted securities of companies operating in Japan. To achieve this aim, the fund is predominantly invested in securities of companies listed on Japan's stockmarkets
 New Prudential Man GLG Japan Core Alpha Fund The investment strategy of the fund is to buy units in the Man GLG Japan Core Alpha Fund. That fund aims to achieve capital growth through investing in quoted securities of companies operating in Japan. To achieve this aim, the fund is predominantly invested in securities of companies listed on Japan's stockmarkets.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

Legg Mason changed the name of the fund underlying Prudential Legg Mason US Smaller Companies Fund in June 2015.

The Prudential fund's existing strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

 Fund name Fund description 
Previous  Prudential Legg Mason US Smaller Companies Fund The investment strategy of the fund is to buy units in the Legg Mason US Smaller Companies Fund. That fund aims to achieve capital growth principally through investment in securities of smaller US companies.
 New Prudential Legg Mason IF Royce US Smaller Companies Fund The investment strategy of the fund is to buy units in the Legg Mason IF Royce US Smaller Companies Fund. That fund aims to achieve capital growth principally through investment in securities of smaller US companies..

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

Legg Mason decided to merge the Martin Currie Asia Pacific Fund into the Legg Mason IF Asia Pacific Fund in June 2015.

So are renaming our Prudential fund to be called the Prudential Legg Mason IF Martin Currie Asia Pacific Fund.

Although the investment strategy of the current and continuing funds are similar, the continuing fund can also use derivatives for investment purposes.

The fund's Prudential risk rating and on-going fund charges remain the same.

What's changed?

The table below shows the details of the name, fund description and investment approach changes that applied to the Prudential fund:

 Fund nameFund description 
Previous Prudential Martin Currie Asia Pacific FundThe investment strategy of the fund is to buy units in the Martin Currie Asia Pacific Fund. That fund aims to produce long-term capital growth by investment in any economic sector in all or any of the Middle East, the Indian sub-continent, Australia, New Zealand and the Far East, excluding Japan.
 NewPrudential Legg Mason IF Martin Currie Asia Pacific FundThe investment strategy of the fund is to buy units in the Legg Mason IF Martin Currie Asia Pacific Fund. That fund aims to achieve long-term capital growth through investment in the Asia Pacific region, excluding Japan.

Change to investment approach

While both the current and continuing funds are able to use derivatives for efficient portfolio management, the continuing fund can also use them for investment purposes.

Derivatives cover products such as futures and options which are generally an arrangement to buy or sell a standard quantity of a specified asset on a fixed future date at a price agreed today.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

AXA Framlington decided merge the fund underlying the Prudential AXA Framlington Equity Income Fund into the AXA Framlington Monthly Income Fund, in April 2015.

They decided to merge the funds after considering the sizes, overlapping investment focus, strategies and risk profiles of the two funds.

Because of this, we have changed our Prudential fund to be named the Prudential AXA Framlington Monthly Income Fund.

The fund's Prudential risk rating and on-going fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

 Fund name Fund description 
Previous  Prudential AXA Framlington Equity Income Fund The investment strategy of the fund is to buy units in the AXA Framlington Equity Income Fund. That fund aims to produce a higher than average yield combined with long term growth of capital and income. Investment is made principally in UK equities and convertible shares of companies which, in the manager's opinion, show above average profitability, management quality and growth.
 New Prudential AXA Framlington Monthly Income Fund The investment strategy of the fund is to buy units in the AXA Framlington Monthly income Fund. That fund aims to combine a regular income with the potential for long term capital growth. The fund will invest mainly in equities and fixed interest securities

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

Newton changed the name of the fund underlying Prudential Newton Global Higher Income Fund in April 2015.

The Prudential fund's existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

 Fund name Fund description 
Previous  Prudential Newton Global Higher Income Fund The investment strategy of the fund is to purchase units in the Newton Global Higher Income Fund. That fund aims to achieve increasing annual distributions together with long-term capital growth from investing predominantly in global securities.
 New Prudential Newton Global Income Fund The investment strategy of the fund is to purchase units in the Newton Global Income Fund. That fund aims to achieve increasing annual distributions together with long-term capital growth from investing predominantly in global securities.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

M&G changed the name and objective of the fund underlying the Prudential M&G American Fund in April 2015.

M&G made a one-off charge to their fund as they matched the fund's holdings to the new investment objective. This also impacted the Prudential fund.

The fund's Prudential risk rating and on-going fund charges remain the same.

What's changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund:

 Fund nameFund description 
Previous Prudential M&G American FundThe investment strategy of the fund is to purchase units in the M&G American Fund. That fund aims to achieve long-term capital growth through investment wholly or mainly in securities of North American (including Canadian) issuers. When not wholly invested as above, it may only invest in companies which are listed, registered or trading within North America.
 NewPrudential M&G North American Dividend FundThe investment strategy of the fund is to purchase units in the M&G North American Dividend Fund. That fund aims to maximize total return (the combination of income and growth) whilst aiming to grow distributions over the long term.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

Newton changed the name, investment objective and investment policy of the fund underlying the Prudential Newton Balanced Fund in January 2015.

The Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the changes that applied to the Prudential fund:

 Fund nameInvestment objectiveInvestment policy
Previous Prudential Newton Balanced FundThe investment strategy of the fund is to purchase units in the Newton Balanced Fund. That fund aims to achieve a balance between capital growth and income predominantly from a portfolio of UK and International securities.The sub-fund may also invest in derivative instruments, forward transactions and collective investment schemes.
 NewPrudential Newton Multi-Asset Balanced FundThe investment strategy of the fund is to purchase units in the Newton Multi-Asset Balanced Fund. That fund aims to achieve a balance between capital growth and income predominantly from a portfolio of UK and International securities.The policy of the sub-fund is to gain exposure to a range of asset classes including, without limitation, equities, fixed income, property, commodities, cash, near cash and deposits. Exposure to these asset classes will be achieved through investment in transferable securities, approved money market instruments, warrants, derivative instruments, forward transactions and collective investment schemes. To the extent the sub-fund gains exposure to property or commodities, such exposure may be through exchange listed securities and/or collective investment schemes.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

M&G changed the name of the fund underlying the Prudential M&G Episode Balanced Fund in November 2014.

The Prudential fund's existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What's changed?

The table below shows the changes that applied to the Prudential fund:

 Fund name Fund description 
Previous  Prudential M&G Episode Balanced Fund The investment strategy of the fund is to purchase units in the M&G Episode Balanced Fund.
That fund aims to maximise total return (the combination of income and growth of capital) through investment in a diversified range of asset types. Subject to this, the fund aims to grow income in the long term. The fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property mainly via collective investment schemes, but, with the exception of property, may invest directly in these assets. The fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management. The fund will invest no more than 60% of its portfolio in equities.
 New Prudential M&G Episode Allocation Fund The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund.
That fund aims to maximise total return (the combination of income and growth of capital) through investment in a diversified range of asset types. Subject to this, the fund aims to grow income in the long term. The fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property mainly via collective investment schemes, but, with the exception of property, may invest directly in these assets. The fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management. The fund will invest no more than 60% of its portfolio in equities.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the change.

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