Understanding interactive fund factsheets

We have linked in with a leading provider of fund data services, Funds Library to supply you with a broad range of informative statistics and fund analysis tools. As part of that service, we provide fund factsheets in two formats. PDF  a summary of the important fund facts Interactive  allows you to choose sections of content and perform tasks such as expanding and adding data. We aim to make this service as user-friendly as possible and have designed this Guide to understanding interactive fund factsheets to make sure that you get the most from them. However, if there is any terminology included in this document or the tools it relates to which you dont understand, please refer to the glossary on http://www.pru.co.uk/guides_tools/glossary or contact your adviser.

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How to access the interactive factsheet

Using Prudentials online fund information tool, you will have already arrived at the fund that you wish to research. (www.pru.co.uk/funds). For more details on the fund information tool, please see the separate guide (Ref INVT11530). To access the fund factsheet (1), simply click on the fund name or select the icon in the Interactive Factsheet column (2).

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Essentials
The first tab youll see is a summary of key fund information. To get more in-depth facts and figures, you can click through each of the tabs at the top of the page. 1 This shows the performance of your selected fund over 5 years compared to a relevant investment sector average. > if your fund has not been running for 5 years, performance will be shown to the nearest full year. > performance will only be shown when the fund is a year old.
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2 This is the key to refer to when looking at the performance chart. 3 This table shows performance to the month end over each of the last 5 years of the fund, along with its investment sector. It also includes > the funds ranking within the sector e.g. 11/103 means that out of 103 funds in the same investment sector, this fund comes 11th in terms of performance over the time period shown. > the funds quartile ranking this is a statistical term which describes the division of fund performance in to 4 quartiles within a fund sector. e.g if a fund is 1st quartile it is in the top 25% of funds in the sector for performance.

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4 This table shows annualised performance to the month end (over different time periods) of the fund and its investment sector.
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5 A simple explanation of how the fund is managed and the types of investments that it holds. 6 Details of the manager who runs the funds investments.

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7 An at-a-glance view of some of the funds background information.

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8 This table shows the biggest investments that the fund holds, and how much of the fund they make up. 9 A table that gives an overview of the investments held in the fund. The information shown varies from fund to fund, but will be broken down by countries, industries or types of investments.
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10 Details of how the information in this factsheet has been sourced and how it should be used.

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Points to note If Funds Library have been unable to source data for a specific fund, they will show this within the Managed Funds category.
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Portfolio Analysis
1. Asset Allocation A pie chart and table that gives an overview of investments held in the fund. The information shown varies from fund to fund depending on the type of investment it holds.
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If the fund is a fund of funds (a portfolio of other investment funds rather than investing directly in shares, bonds or other securities) then the high level view will be shown, as well as the aggregated view across all of the underlying funds.
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2. Sector Allocation A breakdown of the The Industry Classification Benchmark (ICB) sectors. (2a) A Help pop up section also provides this information: The ICB is an industry classification system developed by FTSE. It is used to segregate markets into economic sectors. The ICB uses a system of 10 industries, partitioned into 19 supersectors, which are further divided into 41 sectors, which then contain 114 subsectors.

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3. Interactive Sector Breakdown You can drill down the ICB sectors further by clicking the arrows.

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4. ABI/IMA Sector Allocation

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A pie chart and table of the areas in which the fund invests. The ABI (for life and pension funds) and the IMA (for Unit Trust and OEIC funds) use a system of sectors to classify funds. Every sector sets clear criteria that must be followed by funds wishing to belong to that sector. It ensures that funds operating similar investment strategies are grouped together. 5. Regional Allocation A pie chart and table of the geographical areas in which the fund invests.

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6. Interactive Regional Allocation

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You can further drill down the geographical investment area of this fund by clicking the arrows. 7. Fixed Interest Analysis
Maturity Profile

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A bar chart showing the > lifetime (in years) of the bond investment portion of the fund. > the breakdown in percentage terms of the bond portion of the fund. 8. Fixed Interest Analysis
Quality Profile

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A bar chart showing the

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> credit rating of the bond investment portion of the fund. > the breakdown in percentage terms of the bond portion of the fund. Credit Rating is the formal evaluation of a companys loan repayment history and current ability to repay its financial liabilities. AAA is the highest rating.

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9. Standard Top 10 Holdings This table shows the biggest investments that the fund holds, and how much of the fund they make up. If the fund is a fund of funds (a portfolio of other investment funds rather than investing directly in shares, bonds or other securities) then the summary of the underlying funds is shown. 10. Top 10 X-Ray This table will only show on a fund of funds. It details the aggregated view across all of the underlying funds.
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11. X-Ray Dual Aspect Analysis This table details the % of the fund that is invested in ICB Industry sectors along with the proportion in various asset classes.

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Other fields which you may see, depending on the investments within the fund. 12. Currency Allocation A pie chart and table showing the different currencies in which the fund invests.

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Background data
1. Identification Codes
Sedol code
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a 7 digit identification code issued by the London Stock Exchange.

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Mex code

an ID code issued by Financial Times (FT).

ISIN code

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an ID code issued by the London Stock Exchange (or Irish Stock Exchange for Prudential International Funds).
Citi code

an I.D. code issued by Financial Express (FE). 2. Charges Any fund specific charges will be shown here.
Annual Management Charge (AMC)

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a charge made over the year by fund managers and product provides to cover the expenses associated with running the fund and administering insurance and pension products. Although it is expressed as an annual percentage figure it is usually taken from the fund daily.
Initial Charge

charge made by an investment provider to cover the cost of setting up an investment. The amount invested is the amount contributed less the initial charge.
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Background data (continued)

3. Distribution details (for Distribution funds only)
Income Frequency

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How often the income is paid out.

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Distribution Type

How the income is paid out.

Distribution Payment Basis
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> Net means that UK tax has been paid before the income was paid out. > Gross means that tax still has to be paid on the income payment. 4. Ratings Any of the following ratings may be shown.
OBSR

OBSR provides Fund Ratings which are based on a qualitative research process.
Financial Express Crown Fund Ratings

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Are a quantitative measure based on historical performance and are ranked within their own sectors.

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5. Aims & Benchmark

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Benchmark

A tool with which to measure a funds performance often a market Index or model portfolio.
ABI/IMA Sector

The ABI (for life and pension funds) and the IMA (for Unit Trust and OEIC funds) use a system of sectors to classify funds. Every sector sets clear criteria that must be followed by funds wishing to belong to that sector. It ensures that funds operating similar investment strategies are grouped together.
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A simple explanation of how the fund is managed and the types of investments that it holds. 6. Fund Background May include any of the following fields: > Valuation point (when the funds price is calculated) > Fund type > Launch date > Launch price > Fund currency > Fund domicile (the funds home country)

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7. Dealing
Pricing Basis

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Forward If a fund is forward priced, it means that the fund gets the next available price after monies are invested. Historic If a fund is historically priced, it means that the unit price is set before money is invested.

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Performance
This link takes you to a tool which allows you to chart your fund against other funds, benchmarks or industry indices. 1 This shows the performance of your selected fund over 5 years compared to a relevant investment sector average. > if your fund has not been running for 5 years, performance will be shown to the nearest full year.
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> performance will only be shown when the fund is a year old. 2 You have the option to change the time period by either using a (2a) the slider bars to select your own time period or (2b) you can choose from the drop down menu.

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2a

3 This is the key to refer to when looking at the performance chart.

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Performance (continued)
4 If you would like to see the performance of other funds or instruments, you can select from the universe of funds held in the Financial Express database.
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5 You can then narrow this selection down by choosing a particular investment manager or investment sector.
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6 Your selection will result in a list in this drop down box, which you can then choose to add to the graph.

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Performance (continued)
7 To get the historical daily fund price choose a fund from the drop down box at point 3 then click on Get price. You will then need to select the date you want the price at from the pop up box.

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Performance (continued)
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8 This table shows performance to the month end over each of the last 5 years of the fund, along with its investment sector. It also includes > the funds ranking within the sector. e.g. 11/103 means that out of 103 funds in the same investment sector, this fund comes 11th in terms of performance over the time period shown. > Quartile ranking This is a statistical term which describes the division of fund performance in to 4 quartiles within a fund sector.
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e.g if a fund is 1st quartile it is in the top 25% of funds in the sector for performance.

9 This table shows annualised performance to the month end over different time periods of the fund and its investment sector. 10 Any additional fund choices you make will appear underneath the default fund performance tables.

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INVT11531 12/2012