Prudential PruFund Growth & Income Account

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

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 4.7% 4.4% 4.3% 5.0% 6.0%

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 5.1% 4.9% 5.1%

Commentary

31 December 2023

Alongside falling bond yields, equities also began to climb from late October as investor risk appetite improved. The FTSE World Index advanced 6.9% in the fourth quarter (in sterling), taking the annual return for 2023 to 17.2%. The US was one of the best-performing markets – the S&P 500 Index gained 11.7% (in US dollars) to end the year up 26.3%. European stockmarkets registered healthy gains, amid excitement about potential rate cuts. However, the UK trailed the broader global market. Share prices in Asia Pacific ex Japan and emerging markets also underperformed, mainly on account of weakness in China. From a sector perspective, real estate was one of the best performers, along with information technology, while energy stocks had the weakest performance. The US dollar weakened against major currencies including sterling after the Federal Reserve signalled it would start to cut rates this year. Oil prices fell 22% despite production cuts and concerns about potential supply disruptions resulting from the conflict in the Middle East.

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

Fund Aims

Objective: This fund aims to produce medium to long term growth and generate income. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.

Fund Manager

M&G Treasury & Investment office (Charles Griffith) manager for 9 years and 3 months

Photo of M&G Treasury & Investment office (Charles Griffith) The M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability, with access to investment professionals around the world. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. The lead fund manager for this fund is Charles Griffith, ACII CFA, Head of Multi Asset Portfolio Management. Charles joined the company in April 2018, having spent 24 years in financial services companies including Blackrock, Barclays Global Investors and Fitch Ratings. Charles is a member of the Investment Office Executive Committee and the M&G Group Pension Committee. Charles is currently an independent member of the Investment Committee of the Alzheimer’s Society, as well as sitting on the Governors Investment Committee at Sherborne School. Charles attended the University of Newcastle-Upon-Type earning a class 2.1 BA Honours degree in Business Management. He is an Associate of the Chartered Insurance Institute and a CFA® charterholder.

Fund Overview

Bid (27/03/2024) 292.70
Offer n/a
Fund size -
Launch date 14/09/2004

Fund Charges

Annual Management Charge (AMC) 1.21%
Further Costs 0.24%
Yearly Total 1.45%
Portfolio data accurate as at: 31/01/24

Asset Allocation

UK Equities
 
 
9.20%
US Investment Grade
 
 
8.60%
Asia Fixed Interest
 
 
7.70%
UK Property
 
 
7.30%
UK Investment Grade
 
 
7.20%
Private High Yield
 
 
4.90%
North American Equities
 
 
4.80%
Private Equity
 
 
4.40%
Europe Investment Grade
 
 
3.50%
European Equities
 
 
3.30%
Asia ex. Japan Equities
 
 
3.30%
Emerging Market Debt
 
 
3.30%
Infrastructure
 
 
2.90%
Tactical Investment Opportunities
 
 
2.80%
Japanese Equities
 
 
2.70%
UK High Yield
 
 
2.60%
Cash & Equivalents
 
 
2.10%
Asia Property
 
 
2.00%
US Treasury
 
 
2.00%
China Equities
 
 
1.60%
Middle East and Africa Equities
 
 
1.60%
Hedge Fund
 
 
1.50%
India Equities
 
 
1.40%
Europe ex UK property
 
 
1.40%
North America Property
 
 
1.40%
Europe High Yield
 
 
1.20%
Global Emerging Markets Equities
 
 
1.10%
Africa Fixed Interest
 
 
1.00%
Convertibles
 
 
0.90%
US High Yield
 
 
0.80%
Lower Risk Private Credit
 
 
0.80%
Global High Yield
 
 
0.70%

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 Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee and when you take your money out. Some guarantees are currently closed to new investments.

Fund performance may include additional surplus shared with some PruFund funds. For further details visit www.pru.co.uk/egr

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 net 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

UK Equities
 
 
9.20%
US Investment Grade
 
 
8.60%
Asia Fixed Interest
 
 
7.70%
UK Property
 
 
7.30%
UK Investment Grade
 
 
7.20%
Private High Yield
 
 
4.90%
North American Equities
 
 
4.80%
Private Equity
 
 
4.40%
Europe Investment Grade
 
 
3.50%
European Equities
 
 
3.30%
Asia ex. Japan Equities
 
 
3.30%
Emerging Market Debt
 
 
3.30%
Infrastructure
 
 
2.90%
Tactical Investment Opportunities
 
 
2.80%
Japanese Equities
 
 
2.70%
UK High Yield
 
 
2.60%
Cash & Equivalents
 
 
2.10%
Asia Property
 
 
2.00%
US Treasury
 
 
2.00%
China Equities
 
 
1.60%
Middle East and Africa Equities
 
 
1.60%
Hedge Fund
 
 
1.50%
India Equities
 
 
1.40%
Europe ex UK property
 
 
1.40%
North America Property
 
 
1.40%
Europe High Yield
 
 
1.20%
Global Emerging Markets Equities
 
 
1.10%
Africa Fixed Interest
 
 
1.00%
Convertibles
 
 
0.90%
US High Yield
 
 
0.80%
Lower Risk Private Credit
 
 
0.80%
Global High Yield
 
 
0.70%

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 Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee and when you take your money out. Some guarantees are currently closed to new investments.

Fund performance may include additional surplus shared with some PruFund funds. For further details visit www.pru.co.uk/egr

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 B02SL31
Mex Code VNPPIH
Isin Code GB00B02SL318
Citi Code KZ19

Fund Charges

Annual Management Charge (AMC) 1.21%
Further Costs 0.24%
Yearly Total 1.45%

Aims and Benchmark

Aims Objective: This fund aims to produce medium to long term growth and generate income. The fund currently invests in UK and international equities, property, fixed interest securities, index-linked securities and other specialist investments.
Benchmark No benchmark
ABI Sector Unclassified

Ratings

FE Crown Crown Rating of 5

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 Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee and when you take your money out. Some guarantees are currently closed to new investments.

Fund performance may include additional surplus shared with some PruFund funds. For further details visit www.pru.co.uk/egr

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 5.12
Beta 0.01
Sharpe 7.34
Standard Deviation 0.22
Info Ratio 1.18

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 Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee and when you take your money out. Some guarantees are currently closed to new investments.

Fund performance may include additional surplus shared with some PruFund funds. For further details visit www.pru.co.uk/egr

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 Expected Growth Rates as set by the Prudential Directors, our charges, the smoothing process, if there is a guarantee and when you take your money out. Some guarantees are currently closed to new investments.

Fund performance may include additional surplus shared with some PruFund funds. For further details visit www.pru.co.uk/egr

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 net 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.