Pension and Investment fund updates

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.

This Prudential fund invests in a fund managed by M&G. To keep things clear, we’ve decided to change the name of the Prudential Fund to reflect the name of the fund it invests in.

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

What changed?

The table below shows the details of the name change that applied to the Prudential fund: 

Previous fund name

New fund name

Prudential Fixed Interest Fund

Prudential M&G Gilt and Fixed Interest Income 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 changes.

This Prudential fund invests in a fund managed by M&G. To keep things clear, we’ve decided to change the name of the Prudential Fund to reflect the name of the fund it invests in.

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

What changed?

The table below shows the details of the name change that applied to the Prudential fund:

Previous fund name

New fund name

Prudential Corporate Bond Fund

Prudential M&G Corporate 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 changes.

This Prudential fund invests in a fund managed by M&G. To keep things clear, we’ve decided to change the name of the Prudential Fund to reflect the name of the fund it invests in.

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

What changed?

The table below shows the details of the name change that applied to the Prudential fund:

Previous fund name

New fund name

Prudential M&G UK Equity Income Fund

Prudential M&G Dividend 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 changes.

This Prudential fund invests in a fund managed by M&G. In May, M&G merged their fund into their M&G Global Themes Fund. As a result of the merger, the M&G Global Leaders Fund took the name and objective of the M&G Global Themes Fund.

Prudential decided to change the name and objective of our fund to align it with the name and objective of the underlying fund.

There are no changes to the funds’ Prudential risk ratings or fund charges.

What changed?

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

Previous fund name New fund name
Prudential M&G Global Leaders Fund
Prudential M&G Global Themes Fund
Previous fund objective New fund objective
The investment strategy of the fund is to purchase units in the M&G Global Leaders Fund. That fund aims to maximise long term total return (the combination of income and growth of capital). The fund invests in a range of global equities issued by companies that the fund manager considers to be, or have the potential to be, leading in their field in terms of improving shareholder value.

The investment strategy of the fund is to purchase units in the M&G Global Themes Fund. That fund aims to provide a higher total return (the combination of capital growth and income) than that of the MSCI ACWI Index over any five-year period. The fund will invest at least 80% of its Net Asset Value in the equity securities of companies across many sectors and market capitalisations that are domiciled in any country, including emerging markets. The fund may also invest in collective investment schemes, other transferable securities and may hold cash for liquidity purposes. Derivatives may be used for efficient portfolio management.

 

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 changes.

Following a review, we decided to update this fund’s investment objective to better reflect the aim of the fund and where it can invest. This should provide better clarity for investors.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?

The table below shows the details of the objective change that applied to the Prudential fund:

 

Previous fund objective

New fund objective

The overall objective for the fund is to achieve a consistent second quartile ranking in the Micropal Distribution Funds category over rolling three year periods.

The investment strategy of the fund is to provide income with the potential for capital growth by investing in a number of collective investment schemes. The fund will typically have exposure to a range of asset types, including UK equities, Sterling denominated Corporate Bonds and commercial property.

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 changes.

This Prudential fund invests in a fund managed by JP Morgan. In April, JP Morgan merged their fund with their JP Morgan US Select Fund. As a result of the merger, the JP Morgan US Fund took the name and objective of the JP Morgan US Select Fund as they believe that has better prospects for future growth.

Prudential decided to change the name and objective of our fund to align it with the name and objective of the underlying fund.

There are no changes to the funds’ Prudential risk ratings or fund charges.

What changed?

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

Previous fund name New fund name
Prudential JP Morgan US Fund Prudential JP Morgan US Select Fund
Previous fund objective New fund objective
The investment strategy of this fund is to purchase units in the JP Morgan US Fund. This fund aims to provide capital growth over the long term by investing primarily through a portfolio invested in the shares of US companies.                                     

The investment strategy of this fund is to purchase units in the JP Morgan US Select Fund. This fund aims to invest in a portfolio of North American securities for capital growth without any distribution target.

The fund seeks to assess the impact of environmental, social and governance factors (including accounting and tax policies, disclosure and investor communication, shareholder rights and remuneration policies) on the cash flows of many companies in which it may invest to identify issuers that the Investment Manager believes will be negatively impacted by such factors relative to other issuers. These determinations may not be conclusive and securities of such issuers may be purchased and retained by the 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 changes.

This fund invests in a fund managed by M&G. M&G have decided to change the investment objective and policy of the M&G Smaller Companies, these changes are intended to clarify what the fund sets out to do while allowing the fund manager the flexibility he needs. As a result, we have changed the objective of the Prudential version of the funds.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The fund invests in smaller companies, where good management can have most impact on earnings. Investment in such shares can offer prospects of above average capital growth. Income is not a major factor and the yield can be expected to be less than that of the FTSE All-Share Index.

The fund aims to deliver a higher total return (the combination of capital growth and income) than the Numis Smaller Companies Index (excluding Investment Companies), net of the Ongoing Charge Figure, over any five year period.

At least 80% of the fund is invested in the UK smaller companies. These are UK listed companies which, at the initial time of purchases, are:

  • in the bottom 10% (by market capitalisation) of the FTSE All-Share Index, or
  • in the Numis Smaller Companies Index (excluding Investment Companies), or
  • listed on the Alternative Investment Market

The fund may also invest in collective investment schemes and other transferrable securities. Cash and near cash may be held for ancillary purposes and derivatives, including warrants, may be used for efficient portfolio management and hedging purposes.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

This fund invests in a fund managed by Baillie Gifford. Baillie Gifford have decided to update the wording of the investment objective and policy of the fund in order to more clearly explain the way that the Fund invests. As a result, we have changed the objective of the Prudential version of the funds.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the Baillie Gifford American Fund. That fund aims to produce attractive returns over the long term principally through investment, whether direct or indirect, in any economic sector in the United States of America. From time to time, at the fund operator’s sole discretion, investment, whether direct or indirect, may also be made in any economic sector in Canada. Up to (but no more than) 10% in value of the Fund may be invested in each of the following: collective investment schemes and deposits.

The investment strategy of the fund is to purchase units in the Baillie Gifford American Fund. The objective is to produce capital growth over the long term.

The Sub-fund will invest principally in equities of companies which are listed, quoted, traded, incorporated, domiciled or conducting a significant portion of their business in the United States of America. Such investment may be direct or indirect and the portfolio will be concentrated. The Sub-fund may also invest in other equities, cash and near cash. Up to (but no more than) 10% in value of the Sub-fund may be invested in each of the following: (1) collective investment schemes, including those managed or operated by the ACD and (2) deposits.  The Sub-fund will be actively managed and investment may be made in any economic sector.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

This fund invests in a fund managed by M&G. M&G have decided to change the way the investment objective and policy of the fund is described.

This includes splitting the combined objective and policy into separate statements of the investment objective and investment policy. The new objective is intended to clarify what the fund sets out to do. The new investment policy provides greater detail on the type of assets available to the fund manager and the limits within which the fund is managed.

The fund also moved IA sector from the IA Global sector to the IA Flexible sector, as the IA Flexible sector is considered more appropriate for the fund.

As a result, we have changed the objective, policy and sector information for the Prudential version of the funds.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The portfolio is normally limited to shares of investment trust companies. These shares provide a wide spread of investments in the UK and overseas stockmarkets and are often available at substantial discounts in relation to underlying asset values. Income is not a major factor, and the yield can be expected to be slightly less than the average for investment trust companies. The fund aims to provide a higher total return (the combination of capital growth and income), net of the Ongoing Charges Figure, than that of the FTSE All-Share Equity Investment Instruments Index over any five-year period.

At least 80% of the fund is invested in the shares of investment trust companies. While these stocks are listed in the UK, such assets will be used to give exposure to a wide range of international markets. These investment trust companies may also hold a broad range of investment asset classes including equities, real estate and debt.

The fund may also invest in other transferable securities directly or via collective investment schemes, and may hold cash for liquidity purposes. Collective investment schemes may include funds managed by M&G. Derivatives may be used for efficient portfolio management and hedging purposes.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the sale of Capita’s Financial Services division, including Capita Asset Services, to the Link Group, the objectives of the Dynamic Focused Portfolios have been updated to show the prefix LF Prudential Dynamic instead of CF Prudential Dynamic.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the CF Prudential Dynamic Focused 20-55 Portfolio. That fund aims to achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 20% and 55% of the fund will be invested in schemes whose predominant exposure is to equities. The investment strategy of the fund is to purchase units in the LF Prudential Dynamic Focused 20-55 Portfolio. That fund aims to achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 20% and 55% of the fund will be invested in schemes whose predominant exposure is to equities.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the sale of Capita’s Financial Services division, including Capita Asset Services, to the Link Group, the objectives of the Dynamic Focused Portfolios have been updated to show the prefix LF Prudential Dynamic instead of CF Prudential Dynamic.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the CF Prudential Dynamic Focused 0-30 Portfolio. That fund aims to achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. No more than 30% of the fund will be invested in schemes whose predominant exposure is to equities. The investment strategy of the fund is to purchase units in the LF Prudential Dynamic Focused 0-30 Portfolio. That fund aims to achieve a long-term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. No more than 30% of the fund will be invested in schemes whose predominant exposure is to equities.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the sale of Capita’s Financial Services division, including Capita Asset Services, to the Link Group, the objectives of the Dynamic Portfolios have been updated to show the prefix LF Prudential Dynamic instead of CF Prudential Dynamic.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 60-100 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global equities, fixed interest and variable rate assets, immovable property and/or cash, deposits, warrants and money market instruments. Typically the portfolio will have a high exposure to assets providing potential for growth, such as equities, with between 60% and 100% of the portfolio being invested in schemes whose predominant exposure is to equities. The investment strategy of the fund is to purchase units in the LF Prudential Dynamic 60-100 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global equities, fixed interest and variable rate assets, immovable property and/or cash, deposits, warrants and money market instruments. Typically the portfolio will have a high exposure to assets providing potential for growth, such as equities, with between 60% and 100% of the portfolio being invested in schemes whose predominant exposure is to equities.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the sale of Capita’s Financial Services division, including Capita Asset Services, to the Link Group, the objectives of the Dynamic Portfolios have been updated to show the prefix LF Prudential Dynamic instead of CF Prudential Dynamic.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 40-80 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global equities, fixed income and variable rate assets, immovable property and/or cash, deposits, warrants and money market instruments. Typically the portfolio will have a bias towards assets providing potential for growth, such as equities, with between 40% and 80% of the portfolio being invested in schemes whose predominant exposure is to equities. The investment strategy of the fund is to purchase units in the LF Prudential Dynamic 40-80 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global equities, fixed income and variable rate assets, immovable property and/or cash, deposits, warrants and money market instruments. Typically the portfolio will have a bias towards assets providing potential for growth, such as equities, with between 40% and 80% of the portfolio being invested in schemes whose predominant exposure is to equities.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the sale of Capita’s Financial Services division, including Capita Asset Services, to the Link Group, the objectives of the Dynamic Portfolios have been updated to show the prefix LF Prudential Dynamic instead of CF Prudential Dynamic.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 20-55 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income and variable rate assets, cash, deposits, warrants, money market instruments, equities and/or immovable property. From time to time, however, the portfolio may have a high exposure to equities and/or fixed assets, with between 20% and 55% of the portfolio being invested in schemes whose predominant exposure is to equities. The investment strategy of the fund is to purchase units in the LF Prudential Dynamic 20-55 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income and variable rate assets, cash, deposits, warrants, money market instruments, equities and/or immovable property. From time to time, however, the portfolio may have a high exposure to equities and/or fixed assets, with between 20% and 55% of the portfolio being invested in schemes whose predominant exposure is to equities.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the sale of Capita’s Financial Services division, including Capita Asset Services, to the Link Group, the objectives of the Dynamic Portfolios have been updated to show the prefix LF Prudential Dynamic instead of CF Prudential Dynamic.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 10-40 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income and variable rate assets, cash, deposits, warrants, money market instruments, equities and/or immovable property. Typically the portfolio will have a bias towards lower risk assets such as fixed income assets, cash, deposits, warrants and money market instruments but will always have some exposure to equities, with between 10% and 40% of the portfolio being invested in schemes whose predominant exposure is to equities. The investment strategy of the fund is to purchase units in the LF Prudential Dynamic 10-40 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income and variable rate assets, cash, deposits, warrants, money market instruments, equities and/or immovable property. Typically the portfolio will have a bias towards lower risk assets such as fixed income assets, cash, deposits, warrants and money market instruments but will always have some exposure to equities, with between 10% and 40% of the portfolio being invested in schemes whose predominant exposure is to equities.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the sale of Capita’s Financial Services division, including Capita Asset Services, to the Link Group, the objectives of the Dynamic Portfolios have been updated to show the prefix LF Prudential Dynamic instead of CF Prudential Dynamic.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 0-30 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income and variable rate assets, cash, deposits, warrants, money market instruments, equities and/or immovable property. Typically the portfolio will have a high exposure to lower risk assets such as fixed income assets, cash, deposits, warrants and money market instruments with no more than 30% of the portfolio being invested in schemes whose predominant exposure is to equities. The investment strategy of the fund is to purchase units in the LF Prudential Dynamic 0-30 Portfolio. That portfolio aims to achieve long-term total return (the combination of income and growth of capital). It is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income and variable rate assets, cash, deposits, warrants, money market instruments, equities and/or immovable property. Typically the portfolio will have a high exposure to lower risk assets such as fixed income assets, cash, deposits, warrants and money market instruments with no more than 30% of the portfolio being invested in schemes whose predominant exposure is to equities.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the merger of Janus Capital and Henderson Global investors, Janus Henderson have changed the name of all the Henderson UK-domiciled funds. This will also affect the investment objective.

As a result Prudential has changed the name and objective of our fund to align it with the name and objective of the underlying fund.

There are no changes to the fund’s Prudential risk rating or fund charges.

What changed?
The table below shows the details of the name and objective changes that applied to the Prudential fund:

Previous fund name New fund name
Prudential Henderson Preference & Bond Fund Prudential Janus Henderson Preference & Bond Fund
Previous fund objective New fund objective
The investment strategy of the fund is to purchase units in the Henderson Preference & Bond Fund. That fund aims to provide a return by investing primarily in sterling denominated preference shares, Government securities, corporate bonds, Eurobonds and other bonds. Where the Fund invests in currencies other than sterling, the Fund will always be hedged at least 80% to sterling in aggregate. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes. The investment strategy of the fund is to purchase units in the Janus Henderson Preference & Bond Fund. That fund aims to provide a return by investing primarily in sterling denominated preference shares, Government securities, corporate bonds, Eurobonds and other bonds. Where the Fund invests in currencies other than sterling, the Fund will always be hedged at least 80% to sterling in aggregate. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.

 

What current investors need to do?
You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the merger of Janus Capital and Henderson Global investors, Janus Henderson have changed the name of all the Henderson UK-domiciled funds. This will also affect the investment objective.

As a result Prudential has changed the name and objective of our fund to align it with the name and objective of the underlying fund.

There are no changes to the fund’s Prudential risk rating or fund charges.

What changed?
The table below shows the details of the name and objective changes that applied to the Prudential fund:

Previous fund name New fund name
Prudential Henderson European Selected Opportunities Fund Prudential Janus Henderson European Selected Opportunities Fund
Previous fund objective New fund objective
The investment strategy of the fund is to purchase units in the Henderson European Selected Opportunities Fund. That fund aims to achieve a long-term return, in excess of the long-term return that is typically achieved from European equity markets, by investing in companies registered in Europe or that carry out the majority of their business activities in these markets. The investment strategy of the fund is to purchase units in the Janus Henderson European Selected Opportunities Fund. That fund aims to achieve a long-term return, in excess of the long-term return that is typically achieved from European equity markets, by investing in companies registered in Europe or that carry out the majority of their business activities in these markets.

 

What current investors need to do?
You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the merger of Janus Capital and Henderson Global investors, Janus Henderson have changed the name of all the Henderson UK-domiciled funds. This will also affect the investment objective.

As a result Prudential has changed the name and objective of our fund to align it with the name and objective of the underlying fund.

There are no changes to the fund’s Prudential risk rating or fund charges.

What changed?
The table below shows the details of the name and objective changes that applied to the Prudential fund:

Previous fund name New fund name
Prudential Henderson European Growth Fund Prudential Janus Henderson European Growth Fund
Previous fund objective New fund objective
The investment strategy of the fund is to purchase units in the Henderson European Growth Fund. That fund aims to achieve long-term capital growth through investing principally in the securities of European companies. The investment strategy of the fund is to purchase units in the Janus Henderson European Growth Fund. That fund aims to achieve long-term capital growth through investing principally in the securities of European companies.

 

What current investors need to do?
You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the merger of Janus Capital and Henderson Global investors, Janus Henderson have changed the name of all the Henderson UK-domiciled funds. This will also affect the investment objective.

As a result Prudential has changed the name and objective of our fund to align it with the name and objective of the underlying fund.

There are no changes to the fund’s Prudential risk rating or fund charges.

What changed?
The table below shows the details of the name and objective changes that applied to the Prudential fund:

Previous fund name New fund name
Prudential Henderson China Opportunities Fund Prudential Janus Henderson China Opportunities Fund
Previous fund objective New fund objective
The investment strategy of the fund is to purchase units in the Henderson China Opportunities Fund. That fund aims to achieve a long-term return, in excess of the long-term return that is typically achieved from investments in Hong Kong and Chinese equity markets. The fund invests predominantly in companies registered in Hong Kong or China, or that carry out the majority of their business activities in these markets. The investment strategy of the fund is to purchase units in the Janus Henderson China Opportunities Fund. That fund aims to achieve a long-term return, in excess of the long-term return that is typically achieved from investments in Hong Kong and Chinese equity markets. The fund invests predominantly in companies registered in Hong Kong or China, or that carry out the majority of their business activities in these markets.


What current investors need to do?
You don't need to do anything. Please speak to your financial adviser if you would like more information.

Following the merger of Janus Capital and Henderson Global investors, Janus Henderson have changed the name of all the Henderson UK-domiciled funds. This will also affect the investment objective.

As a result Prudential has changed the name and objective of our fund to align it with the name and objective of the underlying fund.

There are no changes to the fund’s Prudential risk rating or fund charges.

What changed?
The table below shows the details of the name and objective changes that applied to the Prudential fund:

Previous fund name New fund name
Prudential Henderson Cautious Managed Fund Prudential Janus Henderson Cautious Managed Fund
Previous fund objective New fund objective
The investment strategy of the fund is to purchase units in the Henderson Cautious Managed Fund. That fund aims to provide a combination of income and long-term capital growth through investment in a diversified portfolio of equities, bonds and other related investments. The investment in equities will be limited to a maximum of 60% of the value of the fund's portfolio. The investment strategy of the fund is to purchase units in the Janus Henderson Cautious Managed Fund. That fund aims to provide a combination of income and long-term capital growth through investment in a diversified portfolio of equities, bonds and other related investments. The investment in equities will be limited to a maximum of 60% of the value of the fund's portfolio.

 

What current investors need to do?
You don't need to do anything. Please speak to your financial adviser if you would like more information.

This Prudential fund invests in a fund managed by Newton. In November, Newton changed the fund’s objective a result of the prolonged low interest rate and dividend paying environment both in the UK and in many other parts of the world. As a result, we have changed the objective of the Prudential version of the fund.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

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. The investment strategy of the fund is to purchase units in the Newton Global Income Fund. That fund aims to generate distributions over an annual period together with long-term capital growth from investing predominantly in global securities. The Sub-Fund may also invest in collective investment schemes (including but not limited to another Sub-Fund or Sub-Funds of the Company. Derivatives may be used for efficient portfolio management only.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

This Prudential fund invests in a fund managed by M&G. In November, M&G changed the fund’s objective to clarify what the fund sets out to do, and to make it easier for investors to determine whether they have achieved this. As a result, we have changed the objective of the Prudential version of the fund.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the M&G Global Select Fund. That fund aims to maximise long-term total return (the combination of capital growth and income) by investing mainly in a wide range of global equities. The Fund will invest globally (including in the UK) in the equities of companies across a wide range of geographies, sectors and market capitalisations. Income is of secondary importance to capital growth when investments are selected. The Fund may at any time be concentrated in a limited number of equities.

The investment strategy of the fund is to purchase units in the M&G Global Select Fund. The fund aims to provide a total return (the combination of capital growth and income).

At least 80% of the fund is invested in companies globally across a wide range of geographies, sectors and market capitalisations. The fund has a concentrated portfolio and usually holds fewer than 40 stocks. The fund is based on an investment process that uses fundamental analysis to identify competitively advantaged companies with sustainable business models.

Sustainability considerations play an important role in determining the investment universe and assessing business models. Companies that are assessed to be in breach of the United Nations Global Compact principles on human rights, labour, environment and anti-corruption are excluded from the investment universe. Industries such as tobacco and controversial weapons are also excluded. The fund may also invest in other transferable securities, directly or via collective investment schemes, and may hold cash for liquidity purposes. Collective investment schemes may include funds managed by M&G. Derivatives may be used for efficient portfolio management.


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 changes.

Prudential decided to change the name of our fund to align it with the name provided by the manager of the underlying fund.

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

What changed?
The table below shows the details of the name change that applied to the Prudential fund:

Previous fund name

New fund name

M&G Global Basic Fund M&G Global Themes 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 changes.

This Prudential fund invests in a fund managed by Schroders. In October, Schroders changed the fund’s objective to make the language used in the objective and policy consistent across Schroders’ UK fund range. As a result, we have changed the objective of the Prudential version of the fund.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the Schroder US Mid Cap Fund. That fund aims to provide capital growth and income primarily through investment in equity securities of medium-sized US companies.

The investment strategy of the fund is to purchase units in the Schroder US Mid Cap Fund. That fund aims to provide capital growth and income by investing in equity and equity related securities of medium-sized US companies.

The fund invests at least 70% of its assets in equity and equity related securities of medium-sized US companies. These are companies that, at the time of purchase, are similar in size to those comprising the bottom 40% by market capitalisation of the North American equity market.

The fund focuses on three types of companies that the Investment Manager believes:

  • demonstrate strong growth trends and improving levels of cash;
  • generate dependable earnings and revenues; and
  • are undergoing positive change that is not being recognised by the market.

The fund may also invest in other equity or equity related securities, collective investment schemes, warrants and money market instruments, and hold cash.

The fund may use derivatives with the aim of reducing risk and managing the fund more efficiently.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

This Prudential fund invests in a fund managed by Schroders. In October, Schroders changed the fund’s objective to make the language used in the objective and policy consistent across Schroders’ UK fund range. As a result, we have changed the objective of the Prudential version of the fund.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the Schroder UK Smaller Companies Fund. That fund aims to achieve capital growth by investing in UK smaller companies which are expected to exhibit superior growth over the long term.

The investment strategy of the fund is to purchase units in the Schroder UK Smaller Companies Fund. That fund aims to provide capital growth by investing in equity and equity related securities of small-sized UK companies.

The fund invests at least 80% of its assets in equity and equity related securities of small-sized UK companies. These are companies that are incorporated, headquartered or have their principal business activities in the UK and, at the time of purchase, are similar in size to those comprising the bottom 10% by market capitalisation of the UK equities market.

The small cap universe is an extensive, diverse and constantly changing area of the UK market. Smaller companies offer investors exposure to some niche growth areas that, often, cannot be accessed through large companies. They also tend to grow more rapidly than larger firms.

The fund may also invest in other equity and equity related securities, collective investment schemes, fixed income securities, warrants and money market instruments, and hold cash.

The fund may use derivatives with the aim of reducing risk or managing the fund more efficiently.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

This Prudential fund invests in a fund managed by Schroders. In October, Schroders changed the fund’s objective to make the language used in the objective and policy consistent across Schroders’ UK fund range. As a result, we have changed the objective of the Prudential version of the fund.

There are no changes to the way the fund is managed, its Prudential risk rating or fund charges.

What changed?
The table below shows the details of the objective change that applied to the Prudential fund:

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the Schroder Tokyo Fund. That fund aims to achieve capital appreciation through participation in the growth of the Japanese economy.

The investment strategy of the fund is to purchase units in the Schroder Tokyo Fund. That Fund aims to provide capital growth by investing in equity and equity related securities of Japanese companies.

The fund invests at least 80% of its assets in equity and equity related securities of Japanese companies.

Investments are made based on Japan’s economic strengths, such as its manufacturing industry (in particular on those parts of it that are demonstrating an ability to exploit newly emerging technology) and on sectors benefiting from structural change in the economy.

The fund may also invest in collective investment schemes, warrants and money market instruments, and hold cash.

The fund may use derivatives with the aim of reducing risk or managing the fund more efficiently.


What current investors need to do?

You don't need to do anything. Please speak to your financial adviser if you would like more information.

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