Prudential International Investment Fund updates

With ongoing regular reviews our funds are often subject to changes. Below you will find details of recent changes to Prudential International funds.

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 financial adviser if you require any more information.

For more information about our available fund range, please read our client fund guides:

Prudential International has decided to change the fund objective of this fund. In addition, the risk types have also changed due to a concentration risk exposure caused from the change in objective.

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

What changed?

The table below shows the details of the previous and new objectives and risk types.

Previous fund objective

New fund objective

Objective: The investment strategy of the fund is to purchase units in the Fidelity Global Focus Fund. That fund aims to achieve long term capital growth from a diversified portfolio primarily made up of the shares of companies from around the world. 

Fund Investments: In terms of geographical split, the portfolio is invested broadly in relation to the relative sizes and attractiveness of world equity markets. Within the portfolio there is a bias towards the larger quoted companies in each market, but the manager is not restricted in this regard, or in terms of the industrial or geographical split of the portfolio.

Objective: The investment strategy of the fund is to purchase units in the Fidelity Global Focus Fund. That fund aims to achieve long term capital growth through investment in global equities. 

Fund Investments: The Fund will predominantly invest in equities (and equity related securities) of medium sized companies, and aims to hold a concentrated portfolio within a range of 40-60 securities. The Investment Manager’s research and investment strategy will focus on company selection. The Investment Manager is not restricted in terms of region or industry sector. 

The Fund can also invest in other transferable securities, money market instruments, cash and deposits, and is also able to use derivatives for efficient portfolio management.

Previous fund risk types

New fund risk Types

“Equity” and “Currency”. “Equity” and “Currency” and “Other risk”. 

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 recent review, Prudential International has changed the Association of British Insurers (ABI) Fund Sector for the above mentioned fund.  

All other characteristics of the fund remain unchanged such as the risk rating, objectives and fund charges. 

What changed?

The table below shows the details of the previous and new ABI sector. 

Previous ABI sector

New ABI sector

UK Equity Income

UK All Companies.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Baring Hong Kong China USD Fund.  

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve long-term capital growth. The fund will hold investments mainly in Hong Kong and China.

Fund Investments: The managers may also invest in companies incorporated in Taiwan or quoted on the Taiwan stock exchange or in companies that have a significant proportion of their assets or other interests in Taiwan. The fund is denominated in US Dollars.

Objective: The investment strategy of the fund is to purchase units in the Baring Hong Kong China Fund. That fund aims to achieve long-term capital growth in the value of assets.

Fund Investments: The policy of the Fund is to hold a portfolio of quoted or traded equity investments in companies incorporated in Hong Kong or China, or quoted or traded on any Hong Kong or China stock exchange, or in companies that have a significant proportion of their assets or other interests in Hong Kong or China. The Managers may also invest in companies incorporated in Taiwan or quoted on the Taiwan stock exchange, and in financial derivative instruments. The fund is denominated in US Dollars.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B BNY Mellon Global Bond USD Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise total returns from income and capital growth.

Fund Investments: The fund aims to maximise total returns from income and capital growth by investing in international sovereign, government, agency, corporate, bank and asset backed debt and debt related securities. Derivatives may also be used for efficient portfolio management purposes.

Objective: The investment strategy of the fund is to purchase units in the BNY Mellon Global Bond Fund. That fund aims to maximise total returns from income and capital growth.

Fund Investments: The fund invests in a portfolio of international, sovereign, government, agency, corporate, bank and asset backed debt and debt related securities and in derivatives. The fund is denominated in US Dollars.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Dynamic 0-30 Portfolio. 

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: This fund aims to achieve 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.

Fund Investments: The fund is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income assets, cash, near cash, equities and/or property. Typically the fund will have a high exposure to assets such as fixed income assets, cash and near cash. The fund may also invest directly in other assets including transferable securities, cash and near cash, deposits, warrants and money market instruments. The fund may also invest indirectly in property.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 0-30 Portfolio. That fund aims to provide income and capital growth.

Fund Investments: The fund invests mainly in other actively managed funds which provide global exposure to a variety of asset classes including company shares, government and company debt securities, cash and property. The fund may also invest directly in other assets including transferable securities, other collective investment schemes, cash and near cash, deposits, warrants and money market instruments. No more than 30% of the fund will be invested in funds whose predominant asset type is company shares.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Dynamic 10-40 Portfolio. 

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: This fund aims to achieve long term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 10% and 40% of the fund will be invested in schemes whose predominant exposure is to equities.

Fund Investments: The fund is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income assets, cash, near cash, equities and/or property. Typically the fund will have a high exposure to assets such as fixed income assets, cash and near cash. The fund may also invest directly in other assets including transferable securities, cash and near cash, deposits, warrants and money market instruments. The fund may also invest indirectly in property.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 10-40 Portfolio . That fund aims to provide income and capital growth.

Fund Investments: The fund invests mainly in other actively managed funds which provide global exposure to a variety of asset classes including company shares, government and company debt securities, property and cash. The fund may also invest directly in other assets including transferable securities, other collective investment schemes, cash and near cash, deposits, warrants and money market instruments. Between 10% and 40% of the Fund will be invested in funds whose predominant asset type is company shares.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Dynamic 20-55 Portfolio.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: This fund aims to achieve 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.

Fund Investments: The fund is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global fixed income assets, cash, near cash, equities and/or property. From time to time, however, the fund may have a high exposure to equities and/or fixed income assets. The fund may also invest directly in other assets including transferable securities, cash and near cash, deposits, warrants and money market instruments. The fund may also invest indirectly in property.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 20-55 Portfolio. That fund aims to provide income and capital growth.

Fund Investments: The fund invests mainly in other actively managed funds which provide global exposure to a variety of asset classes including company shares, government and company debt securities, property and cash. The fund may also invest directly in other assets including transferable securities, other collective investment schemes, cash and near cash, deposits, warrants and money market instruments. Between 20% and 55% of the Fund will be invested in funds whose predominant asset type is company shares.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B 40-80 Portfolio.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: This fund aims to achieve long term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 40% and 80% of the fund will be invested in schemes whose predominant exposure is to equities.

Fund Investments: The fund is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global equities, fixed income assets, property, cash and/or near cash. Typically the fund will have a bias towards assets providing potential growth, such as equities. The fund may also invest directly in other assets including transferable securities, cash and near cash, deposits, warrants and money market instruments. The fund may also invest indirectly in property.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 40-80 Portfolio. That fund aims to provide income and capital growth.

Fund Investments: The fund invests mainly in other actively managed funds which provide global exposure to a variety of asset classes including company shares, government and company debt securities, property and cash. The fund may also invest directly in other assets including transferable securities, other collective investment schemes, cash and near cash, deposits, warrants and money market instruments. Between 40% and 80% of the Fund will be invested in funds whose predominant asset type is company shares.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B 60-100 Portfolio.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: This fund aims to achieve long term total return (the combination of income and growth of capital) by investing mainly in collective investment schemes. Between 60% and 100% of the fund will be invested in schemes whose predominant exposure is to equities.

Fund Investments: The fund is an actively managed portfolio investing mainly in collective investment schemes in order to provide a well-diversified exposure to global equities, fixed income assets, property, cash and/or near cash. Typically the fund will have a bias towards assets providing potential growth, such as equities. The fund may also invest directly in other assets including transferable securities, cash and near cash, deposits, warrants and money market instruments. The fund may also invest indirectly in property.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential Dynamic 60-100 Portfolio. That fund aims to provide income and capital growth.

Fund Investments: The fund invests mainly in other actively managed funds which provide global exposure to a variety of asset classes including company shares, government and company debt securities, property and cash. The fund may also invest directly in other assets including transferable securities, other collective investment schemes, cash and near cash, deposits, warrants and money market instruments. Between 60% and 100% of the Fund will be invested in funds whose predominant asset type is company shares.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B European Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve long-term capital growth through investment in a portfolio of European shares, excluding the UK.

Fund Investments: The fund invests in the shares of continental companies quoted on the major stock markets of Europe. It aims to invest in those companies or sectors that offer superior value as a result of a lower stock market valuation, given their trading prospects.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential European Qualified Investor Scheme Fund. That fund aims to achieve capital growth through investment in a range of European (excluding UK) securities, mainly equities.

Fund Investments: The fund has the flexibility to move between countries and markets, and the manager will seek to take advantage of variations on investment conditions. The fund will invest mainly in equities, but may additionally invest in other assets such as government securities, warrants, other transferable securities and collective investment schemes.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B North American Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve long-term capital growth by a combination of capital appreciation and income reinvestment.

Fund Investments: The fund invests in a portfolio consisting wholly, or mainly, of the shares of companies that are listed in, or have major operations based in, the United States. It focuses on companies or sectors that are trading on attractive stock market valuations.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential North American Qualified Investor Scheme Fund. That fund aims to achieve long-term capital growth by investing in North American securities.

Fund Investments: The fund is actively managed by the fund manager, investing in securities across a range of market capitalisations. In addition to equities, the fund may invest in other assets such as government securities, warrants, other transferable securities and collective investment schemes.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B UK Equity Fund.

The Prudential International risk rating and fund charges remain unchanged.
What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve long-term capital growth by investing in a portfolio of mainly UK securities.

Fund Investments: Up to 20% of the portfolio may also be invested overseas for diversification purposes.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential UK Growth Qualified Investor Scheme Fund. That fund aims to achieve capital growth over the longer-term from a range of mostly UK investments.

Fund Investments: The fund's portfolio is broadly based and well balanced with a significant part invested in the securities of "blue-chip" companies. Up to 20% of the portfolio may be invested overseas. The fund may additionally invest in other assets such as government securities, warrants, other transferable securities and collective investment schemes.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A-2 UK Equity Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve long-term capital growth by investing in a portfolio of mainly UK securities.

Fund Investments: Up to 20% of the portfolio may also be invested overseas for diversification purposes.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential UK Growth Qualified Investor Scheme Fund. That fund aims to achieve capital growth over the longer-term from a range of mostly UK investments.

Fund Investments: The fund's portfolio is broadly based and well balanced with a significant part invested in the securities of "blue-chip" companies. Up to 20% of the portfolio may be invested overseas. The fund may additionally invest in other assets such as government securities, warrants, other transferable securities and collective investment schemes.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A UK Equity Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve long-term capital growth by investing in a portfolio of mainly UK securities.

Fund Investments: Up to 20% of the portfolio may also be invested overseas for diversification purposes.

Objective: The investment strategy of the fund is to purchase units in the CF Prudential UK Growth Qualified Investor Scheme Fund. That fund aims to achieve capital growth over the longer-term from a range of mostly UK investments.

Fund Investments: The fund's portfolio is broadly based and well balanced with a significant part invested in the securities of "blue-chip" companies. Up to 20% of the portfolio may be invested overseas. The fund may additionally invest in other assets such as government securities, warrants, other transferable securities and collective investment schemes.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A US Deposit Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to produce a competitive yield consistent with the cautious risk nature of the fund. Returns from this fund will be higher when interest rates are high and lower when interest rates are low.

Fund Investments: Can invest in US Dollar denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

Objective: The investment strategy of the fund is to provide a return consistent with investing in interest bearing deposits and high quality short-term fixed interest securities, before charges.

Fund Investments: Can invest in US Dollar denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B US Deposit Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to produce a competitive yield consistent with the cautious risk nature of the fund. Returns from this fund will be higher when interest rates are high and lower when interest rates are low.

Fund Investments: Can invest in US Dollar denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

Objective: The investment strategy of the fund is to provide a return consistent with investing in interest bearing deposits and high quality short-term fixed interest securities, before charges.

Fund Investments: Can invest in US Dollar denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B UK Deposit Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to produce a competitive yield consistent with the cautious risk nature of the fund. Returns from this fund will be higher when interest rates are high and lower when interest rates are low.

Fund Investments: Can invest in Sterling denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

Objective: The investment strategy of the fund is to provide a return consistent with investing in interest bearing deposits and high quality short-term fixed interest securities, before charges.

Fund Investments: Can invest in Sterling denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Euro Deposit EUR Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to produce a competitive yield consistent with the cautious risk nature of the fund. Returns from this fund will be higher when interest rates are high and lower when interest rates are low.

Fund Investments: Can invest in Euro denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

Objective: The investment strategy of the fund is to provide a return consistent with investing in interest bearing deposits and high quality short-term fixed interest securities, before charges.

Fund Investments: Can invest in Euro denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A UK Deposit Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to produce a competitive yield consistent with the cautious risk nature of the fund. Returns from this fund will be higher when interest rates are high and lower when interest rates are low.

Fund Investments: Can invest in Sterling denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

Objective: The investment strategy of the fund is to provide a return consistent with investing in interest bearing deposits and high quality short-term fixed interest securities, before charges.

Fund Investments: Can invest in Sterling denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A Euro Deposit EUR Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to produce a competitive yield consistent with the cautious risk nature of the fund. Returns from this fund will be higher when interest rates are high and lower when interest rates are low.

Fund Investments: Can invest in Euro denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

Objective: The investment strategy of the fund is to provide a return consistent with investing in interest bearing deposits and high quality short-term fixed interest securities, before charges.

Fund Investments: Can invest in Euro denominated interest-bearing deposits and high quality short-term fixed interest issues, pooling the cash of investors to achieve fund objectives.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A US Index Tracker USD Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The Fund aims to maximise total long term return (the combination of income and growth of capital), by broadly tracking the composition of the S&P 500 Index.

Fund Investments: The S&P index covers all sectors of the US economy and is the index most widely used by analysts, who prefer it to other indices that include fewer stocks (e.g. the Dow Jones Index).

Objective: The investment strategy of the fund is to purchase S&P 500 futures. The Fund aims to maximise total long term return (the combination of income and growth of capital), by broadly tracking the composition of the S&P 500 Index.

Fund Investments: The S&P 500 index covers all sectors of the US economy and is the index most widely used by analysts. The fund is denominated in US Dollars.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Fidelity Global Focus USD Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve long-term capital growth.

Fund Investments: The fund will hold a portfolio primarily invested in shares across the world's stock markets and is denominated in US Dollars. The manager is free to select any company regardless of size, industry or location and will concentrate the fund's investments in a more limited number of companies and therefore the resulting portfolio will be less diversified.

Objective: The investment strategy of the fund is to purchase units in the Fidelity Global Focus Fund (USD). That fund aims to achieve long-term capital growth from a portfolio primarily invested in stocks across the world's stock markets.

Fund Investments: The manager is free to select any company regardless of size, industry or location and will concentrate its investments in a more limited number of companies and therefore the resulting portfolio will be less diversified. The fund is denominated in US Dollars.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Invesco Perpetual Managed Growth Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve capital growth from a portfolio primarily of Qualifying Funds.

Fund Investments: In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.

Objective: The investment strategy of the fund is to purchase units in the Invesco Perpetual Managed Growth Fund. That fund aims to achieve capital growth from a portfolio primarily of Qualifying Funds.

Fund Investments: In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions as detailed in the prospectus.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A Invesco Perpetual Managed Growth Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to achieve capital growth from a portfolio primarily of Qualifying Funds.

Fund Investments: In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.

Objective: The investment strategy of the fund is to purchase units in the Invesco Perpetual Managed Growth Fund. That fund aims to achieve capital growth from a portfolio primarily of Qualifying Funds.

Fund Investments: In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions as detailed in the prospectus.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Dividend Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The aim of the fund is to maximise total return (the combination of income and growth of capital).

Fund Investments: The fund invests mainly in a range of UK equities with the aim of achieving a steadily increasing income stream. The target yield is higher than that of the FTSE All-Share Index but this may vary in the shorter term.

Objective: The investment strategy of the fund is to purchase units in the M&G Dividend Fund. That fund aims to maximise total return (the combination of income and growth of capital).

Fund Investments: The fund invests in the shares of UK companies with the potential to grow their dividends over the long term. The manager seeks to deliver a yield higher than that of the FTSE All-Share Index and achieve a steadily increasing income stream (but the level of income may vary over time).

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A M&G Dividend Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The aim of the fund is to maximise total return (the combination of income and growth of capital).

Fund Investments: The fund invests mainly in a range of UK equities with the aim of achieving a steadily increasing income stream. The target yield is higher than that of the FTSE All-Share Index but this may vary in the shorter term.

Objective: The investment strategy of the fund is to purchase units in the M&G Dividend Fund. That fund aims to maximise total return (the combination of income and growth of capital).

Fund Investments: The fund invests in the shares of UK companies with the potential to grow their dividends over the long term. The manager seeks to deliver a yield higher than that of the FTSE All-Share Index and achieve a steadily increasing income stream (but the level of income may vary over time).

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Episode Allocation Fund.  

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The 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.

Fund Investments: The fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash. Exposure to these assets, and to property, may be gained via collective investment schemes and derivatives (including equity index futures, currency forwards, interest rate swaps and other liquid derivatives). The fund will invest no more than 60% of the portfolio in equities. Derivatives may also be used for efficient portfolio management purposes.

Objective: The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund. That fund invests globally across a range of asset classes with the aim of maximising total return (the combination of income and growth of capital).

Fund Investments: Exposure to these assets is gained through physical holdings and the use of derivatives. Flexible capital allocation is guided by in-depth research to determine the medium- to long-term value of assets. This is combined with analysis of investors’ emotional reaction to events, which can give rise to investment opportunities. The fund will invest no more than 60% of the portfolio in equities.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Episode Growth Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise total return (the combination of income and growth of capital).

Fund Investments: The fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash. Exposure to these assets, and to property, may be gained via collective investment schemes and derivatives (including equity index futures, currency forwards, interest rate swaps and other liquid derivatives). The fund will invest a minimum of 50% in collective investment schemes. Derivatives may also be used for efficient portfolio management purposes.

Objective: The investment strategy of the fund is to purchase units in the M&G Episode Growth Fund. That fund invests globally across a range of asset classes with the aim of maximising total return (the combination of income and growth of capital).

Fund Investments: Exposure to these assets is gained through physical holdings and the use of derivatives. In-depth analysis to determine the value of assets over the medium to long term is central to the investment approach. This is combined with insight into investor behaviour, which suggests that human reaction to events tends to cause an asset to become under- or overpriced in the short term, thus creating investment opportunities. The fund will invest a minimum of 50% in collective investment schemes.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Property Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise long-term total return, through direct investment in commercial property.

Fund Investments: The fund will be diversified across different commercial property sectors (such as retail, offices and industrial). There is likely to be an emphasis on property located in the UK.

Objective: The investment strategy of the fund is to purchase units in the M&G Feeder of Property Portfolio. That fund invests solely in the M&G Property Portfolio, which aims to maximise long term total return (the combination of income and growth of capital).

Fund Investments: The M&G Property Portfolio invests in a diversified portfolio of commercial property mainly in the UK. The fund may also invest in other property related assets, including collective investment schemes, transferable securities, derivatives, debt instruments as well as government debt, money market instruments and cash.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Global Select Fund.  

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund invests mainly in a range of global equities.

Fund Investments: The fund will invest globally (including 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.

Objective: The investment strategy of the fund is to purchase units in the M&G Global Select Fund. That fund aims to deliver capital growth and income over the long term (that is, five years or more) through a concentrated portfolio of between 30 and 40 holdings from across the globe.

Fund Investments: Stocks are selected based on their individual merits, with a focus on quality businesses where an element of change is helping to drive their value. Crucially, the fund manager will purchase shares in a company when short-term issues have provided a clear valuation opportunity, with a view to holding those shares over the long term.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B-2 M&G Managed Growth Fund. 

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund is an actively managed fund which aims to achieve long term capital growth by investing in authorised collective investment schemes.

Fund Investments: For the purposes of diversification and efficient portfolio management the fund may also invest directly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash, and derivatives.

Objective: The investment strategy of the fund is to purchase units in the M&G Managed Growth Fund. That fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise.

Fund Investments: Up to 20% of its portfolio can also be directly invested in company shares, fixed income assets, warrants, money market instruments, deposits, cash, near cash and derivatives for the purposes of efficient portfolio management. The fund may also gain exposure to assets directly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. The fund is well diversified across capitalisation tiers and international areas.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Managed Growth Fund.  

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund is an actively managed fund which aims to achieve long term capital growth by investing in authorised collective investment schemes.

Fund Investments: For the purposes of diversification and efficient portfolio management the fund may also invest directly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash, and derivatives.

Objective: The investment strategy of the fund is to purchase units in the M&G Managed Growth Fund. That fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise.

Fund Investments: Up to 20% of its portfolio can also be directly invested in company shares, fixed income assets, warrants, money market instruments, deposits, cash, near cash and derivatives for the purposes of efficient portfolio management. The fund may also gain exposure to assets directly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. The fund is well diversified across capitalisation tiers and international areas.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Growth Portfolio Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

Objective: The fund is an actively managed fund which aims to achieve long term capital growth by investing in authorised collective investment schemes.

Fund Investments: For the purposes of diversification and efficient portfolio management the fund may also invest directly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash, and derivatives.

Objective: The investment strategy of the fund is to purchase units in the M&G Managed Growth Fund. That fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise.

Fund Investments: Up to 20% of its portfolio can also be directly invested in company shares, fixed income assets, warrants, money market instruments, deposits, cash, near cash and derivatives for the purposes of efficient portfolio management. The fund may also gain exposure to assets directly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. The fund is well diversified across capitalisation tiers and international areas.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A M&G Managed Growth Fund.  

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund is an actively managed fund which aims to achieve long term capital growth by investing in authorised collective investment schemes.

Fund Investments: For the purposes of diversification and efficient portfolio management the fund may also invest directly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash, and derivatives.

Objective: The investment strategy of the fund is to purchase units in the M&G Managed Growth Fund. That fund aims to deliver capital growth over the long term (that is, over five years or more) by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise.

Fund Investments: Up to 20% of its portfolio can also be directly invested in company shares, fixed income assets, warrants, money market instruments, deposits, cash, near cash and derivatives for the purposes of efficient portfolio management. The fund may also gain exposure to assets directly through derivatives. The fund manager will use his judgement to decide on individual fund and stock weightings. The fund is well diversified across capitalisation tiers and international areas.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Morgan Stanley European Property EUR Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims for long-term capital appreciation, as measured in Euros.

Fund Investments: The fund invests in Euro denominated equity securities of companies in the European property industry.

Objective: The investment strategy of the fund is to purchase units in the Morgan Stanley European Property Fund (Euro).

Fund Investments: That fund seeks to provide long term capital appreciation, measured in euro, through investment in the equity securities of companies in the European real estate industry. The fund is denominated in Euro.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Morgan Stanley US Property USD Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims for long-term capital appreciation, as measured in US Dollars.

Fund Investments: The fund invests in US Dollar denominated equity securities of companies in the US property industry.

Objective: The investment strategy of the fund is to purchase units in the Morgan Stanley US Property Fund (USD).

Fund Investments: That fund seeks to provide long term capital appreciation, measured in U.S Dollar, through investment in the equity securities of companies in the U.S. real estate industry. The fund is denominated in US Dollars.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A Balanced Managed GBP Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a balanced portfolio of fixed interest instruments and international equities. The fund is denominated in Sterling.

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a portfolio of fixed interest instruments and international equities. The fund is denominated in Sterling.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Balanced Managed GBP Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a balanced portfolio of fixed interest instruments and international equities. The fund is denominated in Sterling.

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a portfolio of fixed interest instruments and international equities. The fund is denominated in Sterling.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A Balanced Managed USD Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a balanced portfolio of fixed interest instruments and international equities. The fund is denominated in US Dollars.

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a portfolio of fixed interest instruments and international equities. The fund is denominated in US Dollars.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B Balanced Managed USD Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a balanced portfolio of fixed interest instruments and international equities. The fund is denominated in US Dollars.

Objective: The fund aims to maximise total long-term growth (the combination of income and growth of capital).

Fund Investments: The fund will invest in a portfolio of fixed interest instruments and international equities. The fund is denominated in US Dollars.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A Conservative Managed GBP Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise the total long term growth (the combination of income and growth of capital) in Sterling.

Fund Investments: The fund invests in a low risk portfolio weighted towards sterling fixed interest and cash instruments.

Objective: The fund aims to maximise the total long term growth (the combination of income and growth of capital) in Sterling.

Fund Investments: The fund invests in a low risk portfolio weighted towards sterling fixed interest and cash instruments. The risk to capital preservation is controlled by seeking potential for growth through modest exposure to international equity markets.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A Conservative Managed USD Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The fund aims to maximise the total long term growth (the combination of income and growth of capital) in US Dollars.

Fund Investments: The fund invests in a low risk portfolio weighted towards sterling fixed interest and cash instruments.

Objective: The fund aims to maximise the total long term growth (the combination of income and growth of capital) in US Dollars.

Fund Investments: The fund invests in a low risk portfolio weighted towards sterling fixed interest and cash instruments. The risk to capital preservation is controlled by seeking potential for growth through modest exposure to international equity markets.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A M&G Corporate Bond Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund invests mainly in high quality corporate bonds, with the aim of achieving a higher total return (the combination of income and growth of capital) than would be obtainable through investment in UK government fixed interest securities of similar maturities.

Fund Investments: The fund invests mainly in sterling denominated corporate debt instruments. The fund manager may also hold up to 20% of the portfolio in other fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund may also invest in other assets including collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash and near cash, deposits, warrants, money market instruments and other derivatives instruments.

Objective: The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund aims to provide income and capital growth.

Fund Investments: At least 70% of the fund is invested in sterling denominated corporate debt instruments. The fund’s exposure to corporate debt may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. The fund may also invest in collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash, near cash, warrants, other money market securities and other derivatives instruments.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Corporate Bond Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund invests mainly in high quality corporate bonds, with the aim of achieving a higher total return (the combination of income and growth of capital) than would be obtainable through investment in UK government fixed interest securities of similar maturities.

Fund Investments: The fund invests mainly in sterling denominated corporate debt instruments. The fund manager may also hold up to 20% of the portfolio in other fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund may also invest in other assets including collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash and near cash, deposits, warrants, money market instruments and other derivatives instruments.

Objective: The investment strategy of the fund is to purchase units in the M&G Corporate Bond Fund. That fund aims to provide income and capital growth.

Fund Investments: At least 70% of the fund is invested in sterling denominated corporate debt instruments. The fund’s exposure to corporate debt may be gained through the use of derivatives. Derivatives may also be used for efficient portfolio management. The fund may also invest in collective investment schemes, other transferable securities and other debt instruments (including corporate debt and government and public securities denominated in any currency), cash, near cash, warrants, other money market securities and other derivatives instruments.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Global High Yield Bond Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The investment strategy of the fund is to purchase units in the M&G Global High Yield Bond. That fund aims to maximise total return (the combination of income and growth of capital), while generating a high level of income, which may vary over time.

Fund Investments: The fund invests principally in bonds issued by companies with a low credit rating, which typically pay higher levels of interest to compensate investors for the greater risk of default. The debt instruments may be denominated in Sterling, European and other major global currencies should the fund manager deem them to be appropriate investments. The fund may also invest in other assets including collective investment schemes, government and public securities and other transferable securities, cash and near cash, deposits, warrants, money market instruments and other derivative instruments.

Objective: The investment strategy of the fund is to purchase units in the M&G Global High Yield Bond Fund. That fund aims to provide income and capital growth.

Fund Investments: At least 80% of the fund is invested in higher yielding corporate debt instruments which may be denominated in sterling, European currencies and other major global currencies, should the investment managers deem them to be appropriate investments. The fund’s exposure to higher yielding corporate debt instruments may be gained through the use of derivatives and any currency exposures within the fund may be managed by currency hedges into sterling. Derivatives may also be used for efficient portfolio management. The fund may also invest in collective investment schemes, government and public securities and other transferable securities, cash, near cash, other money market instruments, warrants and other derivative instruments. More than 80% of the fund will be in sterling or hedged back to sterling.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series A M&G Gilt & Fixed Interest Income Fund.

The Prudential International risk rating and fund charges remain unchanged.

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

Objective: The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund is designed to provide a secure income with stability of capital consistent with investment in UK government bonds (gilts) over a rolling three to five year period. There is no guarantee that the fund will achieve its objective over this, or any other period.

Fund Investments: The fund invests mainly in gilts of all maturities, based on the manager's view of the likely course of the UK economy and monetary policy. The level of income may vary over time. Up to 20% of the fund can be invested in corporate bonds guaranteed by the government. The fund's exposure to gilts may be gained through use of derivatives. The fund may also invest in other assets including collective investment schemes, other transferable securities, other debt instruments, cash and near cash, deposits, warrants, money market instruments and other derivative instruments.

Objective: The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide income and capital growth.

Fund Investments: At least 70% of the fund is invested in short, medium or long-dated gilts according to the fund manager's view of the likely course of interest rates and trend of the gilt market. The fund's exposure to gilts may be gained through use of derivatives. Derivatives may also be used for efficient portfolio management. The fund may also invest in collective investment schemes, other transferable securities, other debt instruments, cash, near cash, other money market instruments, warrants and other derivative instruments.

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential International regularly reviews its funds to ensure that the objective of the fund appropriately reflects the investment intention of the portfolio manager, accordingly Prudential International has updated the fund objective of the Series B M&G Gilt & Fixed Interest Income Fund.

The Prudential International risk rating and fund charges remain unchanged. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

Objective: The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund is designed to provide a secure income with stability of capital consistent with investment in UK government bonds (gilts) over a rolling three to five year period. There is no guarantee that the fund will achieve its objective over this, or any other period.

Fund Investments: The fund invests mainly in gilts of all maturities, based on the manager's view of the likely course of the UK economy and monetary policy. The level of income may vary over time. Up to 20% of the fund can be invested in corporate bonds guaranteed by the government. The fund's exposure to gilts may be gained through use of derivatives. The fund may also invest in other assets including collective investment schemes, other transferable securities, other debt instruments, cash and near cash, deposits, warrants, money market instruments and other derivative instruments.

Objective: The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide income and capital growth.

Fund Investments: At least 70% of the fund is invested in short, medium or long-dated gilts according to the fund manager's view of the likely course of interest rates and trend of the gilt market. The fund's exposure to gilts may be gained through use of derivatives. Derivatives may also be used for efficient portfolio management. The fund may also invest in collective investment schemes, other transferable securities, other debt instruments, cash, near cash, other money market instruments, warrants and other derivative instruments.

What current investors need to do?

 

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

 

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