The People's Pension Shariah 0.5% Pn

31/08/2020

Important Notes This document is provided for the purpose of information only and should not be construed in any way as giving investment advice. Past performance is not necessarily a guide to future performance, as the value of the units may go up or down and any return is not guaranteed. The price of the units can be monitored on our website at bandce.co.uk/fund-unit-prices

Investment objective

The fund tracks the Dow Jones Islamic Market Titans Index, which comprises Shariah-compliant companies endorsed by the HSBC Amanah Shariah Supervisory Committee.This is a higher risk fund investing in company shares from around the world and is compliant with Islamic Shariah principles.

Performance

Cumulative Performance

ResetPerformance line chart
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1 Month6 Months1 Year3 Years5 Years10 Years
Fund7.95%24.34%23.92%58.01%143.49%
Global Equities3.68%7.57%4.81%19.55%67.81%161.86%
Rank11111

Discrete Performance

Performance Bar chart
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Year 1Year 2Year 3Year 4Year 5
Fund23.92%11.11%14.76%17.40%31.26%
Global Equities4.81%4.11%9.55%16.06%20.95%
Rank11121

Current top 10 holdings

APPLE INC
9.24%
MICROSOFT CORP
7.23%
FACEBOOK INC
4.17%
ALPHABET INC
2.89%
ALPHABET INC
2.83%
JOHNSON & JOHNSON
2.39%
TESLA INC
2.16%
VISA INC
2.12%
PROCTER & GAMBLE CO
2.03%
NVIDIA CORP
1.95%
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Contact information

The People’s Pension Trustee Limited
Manor Royal, Crawley, West Sussex, RH10 9QP.
Tel 0300 2000 555 Fax 01293 586801
www.thepeoplespension.co.uk

Market commentary

After the sharp falls in the first quarter, equity markets rebounded strongly in the second quarter. Investors appeared to be comforted by the size and speed of the economic response with advanced economies announcing over £7,000bn of support. Central banks moved to stabilise corporate financing and governments announced support for households and firms. The most recent data indicated this has kick-started some economic recovery after sharp falls in GDP in most countries during the first quarter but the impact of COVID is still to be fully understood. US equities made the strongest gains supported by particularly strong gains for the technology sector which the fund benefited from. UK equities and Global Real Estate made more modest gains during the quarter.