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.

What’s changing?

We’re changing the investment objective and name of the funds in this range. We’re also reducing the fund changes. However, there may be a short term impact on your investment.

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.

More information

If you are invested via the Prudential Investment Plan detailed information on the changes can be viewed here.

Read more about the detailed changes to our other Life or Pension funds in this fund range.

What’s changing?

We’re changing the investment objective and name of the funds in this range. We’re also reducing the fund changes, where possible. However, there may be a short term impact on your investment.

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.

More information

If you are invested via the Prudential Investment Plan detailed information on the changes can be viewed here.

Read more about the detailed changes to our other Life or Pension funds in this fund range.

What’s changing? 

We’re changing the investment objectives and names of the funds in this range.

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.

More information

If you are invested via the Prudential Investment Plan detailed information on the changes can be viewed here.

Read more about the detailed changes to the funds in this range here.

We’ve made changes to the areas where this fund will invest for the longer term – this is what we call the Strategic Asset Allocation of the fund. We believe the changes will improve investment outcomes through diversifying into a wider range of global equity markets.

There’s no change to the Prudential fund’s investment objective, Prudential risk rating or the fund charges as a result of these changes.

What changed?

The table below shows the details of the changes to the Prudential fund: 

From 1st December 2018, the SAA changed from 65% UK / 35% Overseas equities to 40% UK / 60% Overseas equities. The overseas equites allocation was split into a wider mix of regional equities.

Previous  SAA

Equity – UK                                                    65.00%

Equity – Overseas Equities                           35.00%

New SAA

Equity – UK                                                                        39.60%

Equity – North America                                                    15.84%

Equity – Europe                                                                 15.84%

Equity – Japan                                                                     6.93%

Equity – Asia                                                                       15.84%

Equity – Global Emerging Markets                                     4.95%

Cash                                                                                      1.00%

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.

We’ve made a number of changes to the areas where this fund will invest for the longer term – this is what we call the Strategic Asset Allocation of the fund. We believe these changes will improve investment outcomes through diversifying into a wider range of global equity markets.

There’s no change to the Prudential fund’s investment objective or fund charges as a result of these changes.

What changed?

The table below shows the details of the changes to the Prudential fund: 

We’ve changed the Strategic Asset Allocation (SAA). 

From 1st December 2018, the SAA changed from 60% UK / 40% Overseas equities to 40% UK / 60% Overseas equities. These changes also saw the introduction of Global Emerging Markets equities. These are shares of companies listed in countries with developing economies around the world.

The fund remains a Global Equity fund.

Previous  SAA

Equity – UK                                                    60.47%

Equity – North America                                24.59%

Equity – Europe                                               7.40%

Equity – Japan                                                  3.98%

Equity – Asia                                                     3.56%

Equity – Global Emerging Markets                 0.00%

New SAA

Equity – UK                                                     39.60%

Equity – North America                                 15.84%

Equity – Europe                                              15.84%

Equity – Japan                                                  6.93%

Equity – Asia                                                    15.84%

Equity – Global Emerging Markets                  4.95%

Cash                                                                   1.00%

We’ve changed the Association of British Insurers (ABI) sector the fund sits in.

The fund sat in the Flexible Investment sector but also met the criteria for inclusion in the Global Equity sector. But as it only invests in Global Equities, the most appropriate sector is Global Equities.

The previous ABI sector was: Flexible Investment

The new ABI sector is: Global Equities

We’ve changed the Prudential Risk Rating.

As a result of the ABI sector change, we decided to update the Prudential Risk Rating. Although you should note that the fund remains a Global Equity fund.

The previous risk rating was: 5

The new risk rating is: 6

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 Old Mutual Global Investors. They decided to rebrand to Merian Global Investors. So we decided change the name and objective of the Prudential fund to reflect the new name of the fund it invests in.

The Prudential fund’s existing 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 Old Mutual UK Mid Cap

Prudential Merian UK Mid Cap

Previous fund objective

New fund objective

The investment strategy of the fund is to purchase units in the Old Mutual UK Mid Cap Fund. That fund aims to provide capital growth from investing primarily in a portfolio of medium-sized UK companies.

The investment strategy of the fund is to purchase units in the Merian UK Mid Cap Fund. That fund aims to provide capital growth from investing primarily in a portfolio of medium-sized UK 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 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 (Inc)

Prudential M&G Corporate Bond Fund (Inc)

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 Fixed Interest Fund (Inc)

Prudential M&G Gilt & Fixed Interest Income Fund (Inc)

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 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.

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