Prudential PruFund Risk Managed 1 Account Ser A

Essentials Portfolio Analysis Background Data Investment Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

30/09/19
to
30/09/20
30/09/20
to
30/09/21
30/09/21
to
30/09/22
30/09/22
to
30/09/23
30/09/23
to
30/09/24
Fund 4.6% 4.3% 4.6% 6.1% 6.5%

Annualised performance

Annualised
3 Years to
30/09/24
5 Years to
30/09/24
10 Years to
30/09/24
Fund 5.7% 5.2% 5.4%

Commentary

30 September 2024

Despite bouts of volatility fuelled by decelerating macroeconomic indicators, shifting global monetary policy expectations and sharp movements in the Japanese yen, equities and bonds both registered gains. Government bonds performed well as the monetary easing cycle gathered momentum following the Federal Reserve’s (Fed) 50-basis point rate cut in September. The 10-year US government bond (Treasury) yield fell to 3.8% from 4.4% three months earlier. The 10-year UK gilt yield ended at 4.0%. The price of corporate bonds, including riskier high yield debt, also rose, along with emerging market debt. Equity markets recovered from declines in August and September to end in positive territory. The FTSE World Index rose 0.3%, in sterling terms – the appreciation of the pound sterling weighed on the returns from overseas assets for sterling-based investors. US equities hit new highs following the Federal Reserve’s(Fed) rate cut, with the S&P 500 climbing 5.9% (US dollars). In the UK, the FTSE 100 Index delivered 1.8% (sterling). Chinese equities rallied as the government introduced a substantial economic stimulus package. European and emerging market equities also advanced. In contrast, the Bank of Japan’s unexpected rate hike and election of a new prime minister saw equities decline. From a sector standpoint, there was a shift away from technology, with utilities, industrials, and financials leading. The US dollar weakened against most major currencies after the Fed's reduction. In commodities, Brent crude oil fell 16.8%, while gold rose 13.2% for a fourth consecutive quarterly gain.

The M&G Treasury & Investment Office (T&IO) outlook is cautious as much uncertainty remains.

Fund Aims

Objective: The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations ('volatility') the fund experiences, to 9% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 9 years and 9 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Bid (11/10/2024) 207.00
Offer n/a
Fund size -
Launch date 07/11/2011

Fund Charges

Annual Management Charge (AMC) 1.41%
Further Costs 0.22%
Yearly Total 1.63%
Portfolio data accurate as at: 31/08/24

Asset Allocation

US Investment Grade
 
 
12.10%
UK Investment Grade
 
 
11.90%
Asia Fixed Interest
 
 
11.90%
UK Real Estate
 
 
6.10%
Emerging Market Debt
 
 
4.80%
UK High Yield
 
 
4.40%
Cash & Equivalents
 
 
4.30%
US Treasury
 
 
4.20%
Private Equity
 
 
4.20%
Europe Investment Grade
 
 
3.80%
Private High Yield
 
 
3.70%
UK Equities
 
 
3.60%
Infrastructure
 
 
2.40%
North American Equities
 
 
2.10%
Tactical Investment Opportunities
 
 
2.10%
Europe High Yield
 
 
2.00%
Africa Fixed Interest
 
 
1.80%
Convertibles
 
 
1.60%
European Equities
 
 
1.40%
Asia ex. Japan Equities
 
 
1.40%
Asia Real Estate
 
 
1.20%
US High Yield
 
 
1.20%
Other Factors
 
 
1.10%
Europe ex UK Real Estate
 
 
1.00%
Japanese Equities
 
 
0.90%
North America Real Estate
 
 
0.90%
Global High Yield
 
 
0.80%
China Equities
 
 
0.70%
Lower Risk Private Credit
 
 
0.70%
India Equities
 
 
0.60%
Middle East and Africa Equities
 
 
0.60%
Global Emerging Markets Equities
 
 
0.50%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the smoothing process, our charges, and when you take your money out.

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

US Investment Grade
 
 
12.10%
UK Investment Grade
 
 
11.90%
Asia Fixed Interest
 
 
11.90%
UK Real Estate
 
 
6.10%
Emerging Market Debt
 
 
4.80%
UK High Yield
 
 
4.40%
Cash & Equivalents
 
 
4.30%
US Treasury
 
 
4.20%
Private Equity
 
 
4.20%
Europe Investment Grade
 
 
3.80%
Private High Yield
 
 
3.70%
UK Equities
 
 
3.60%
Infrastructure
 
 
2.40%
North American Equities
 
 
2.10%
Tactical Investment Opportunities
 
 
2.10%
Europe High Yield
 
 
2.00%
Africa Fixed Interest
 
 
1.80%
Convertibles
 
 
1.60%
European Equities
 
 
1.40%
Asia ex. Japan Equities
 
 
1.40%
Asia Real Estate
 
 
1.20%
US High Yield
 
 
1.20%
Other Factors
 
 
1.10%
Europe ex UK Real Estate
 
 
1.00%
Japanese Equities
 
 
0.90%
North America Real Estate
 
 
0.90%
Global High Yield
 
 
0.80%
China Equities
 
 
0.70%
Lower Risk Private Credit
 
 
0.70%
India Equities
 
 
0.60%
Middle East and Africa Equities
 
 
0.60%
Global Emerging Markets Equities
 
 
0.50%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the smoothing process, our charges, and when you take your money out.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B6QWJ59
Mex Code PUCCOU
Isin Code GB00B6QWJ597
Citi Code 0I3A

Fund Charges

Annual Management Charge (AMC) 1.41%
Further Costs 0.22%
Yearly Total 1.63%

Aims and Benchmark

Aims Objective: The fund aims to produce growth over the medium to long-term (5 to 10 years or more) while smoothing some of the ups and downs of short-term investment performance. The fund spreads investment risk by investing in a range of different asset types, which currently includes UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments. The fund is actively managed and aims to limit the fluctuations ('volatility') the fund experiences, to 9% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.
Benchmark Not benchmarked
Sector ABI Unclassified

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the smoothing process, our charges, and when you take your money out.

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Risk Analysis

Ratio Value
Alpha 5.70
Beta 0.01
Sharpe 8.83
Standard Deviation 0.25
Info Ratio 0.04

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the smoothing process, our charges, and when you take your money out.

The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

We can't predict the future. Past Performance isn't a guide to future performance. For the range of PruFund funds, what you receive will depend on the value of the underlying investments, the smoothing process, our charges, and when you take your money out.

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.