Prudential PruFund Risk Managed 5 Account S2
Performance
Discrete performance - to last month end
| 31/12/20 to 31/12/21 |
31/12/21 to 31/12/22 |
31/12/22 to 31/12/23 |
31/12/23 to 31/12/24 |
31/12/24 to 31/12/25 |
|
|---|---|---|---|---|---|
| Fund | 5.2% | 5.5% | 6.7% | 6.9% | 6.6% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/12/25 |
5 Years to 31/12/25 |
10 Years to 31/12/25 |
||
| Fund | 6.7% | 6.2% | n/a | |
Commentary
31 December 2025 Financial markets proved resilient despite slowing growth, supported by a pivot to monetary easing and ongoing enthusiasm for AI-related stocks. Global equities extended recent gains. The S&P 500 rose 2.7%, closing 2025 up nearly 18% (in US dollars), while the FTSE 100 gained 6.9% (in sterling), its strongest annual performance since 2009. Emerging markets outperformed, with the MSCI Emerging Markets Index advancing 4.8% (in US dollars) and delivering full-year gains above 30%, buoyed by a weaker dollar and improving sentiment across Asia and Latin America.
Bond markets strengthened as central banks shifted to rate cuts and investors priced in looser policy. UK government bonds led gains, with the 10-year yield edging lower. US Treasuries gained, taking their return for the year to 6.2% (in US dollars). European government bonds also rose, with the exception of German bunds. Corporate bonds also posted positive returns.
Commodities delivered contrasting moves. Precious metals soared, with gold and silver posting their strongest annual gains since 1979 as investors sought safe havens amid falling real yields. Oil prices continued to weaken, marking a third consecutive annual decline. The US dollar logged its worst year since 2017, sliding broadly against major peers, while the euro and sterling strengthened on policy easing and improved risk appetite.
Despite macro headwinds, sentiment ended the year constructive, anchored by expectations of continued policy support and a gradual normalisation of inflation.
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 17% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.
Fund Manager
The M&G Life Investment Office (LIO) is our team of in-house investment strategists and ‘manager of managers’ for Pru in the UK. They are independent of the various underlying asset management businesses within M&G plc and carry out various stages of the investment process including setting the strategic asset allocation, manager selection and oversight and portfolio management. The team includes investment professionals with expertise in capital market research, investment strategy design, liability management, derivatives and portfolio management.
Fund Overview
| Bid (29/01/2026) | 150.17 |
| Offer | n/a |
| Fund size | - |
| Launch date | 21/01/2019 |
Fund Charges
| Annual Management Charge (AMC) | 1.31% |
| Further Costs | 0.00% |
| Yearly Total | 1.31% |
Asset Allocation
| UK Equities |
|
17.00% |
| North American Equities |
|
10.60% |
| European Equities |
|
7.70% |
| Asia ex. Japan Equities |
|
7.50% |
| UK Real Estate |
|
7.30% |
| Private Equity |
|
4.90% |
| China Equities |
|
4.40% |
| Japanese Equities |
|
4.30% |
| Private High Yield |
|
3.60% |
| Middle East and Africa Equities |
|
3.30% |
| Infrastructure |
|
2.90% |
| Global Emerging Markets Equities |
|
2.80% |
| Tactical Investment Opportunities |
|
2.80% |
| Asia Fixed Interest |
|
2.40% |
| India Equities |
|
2.20% |
| UK Investment Grade |
|
2.20% |
| US Investment Grade |
|
2.10% |
| Asia Real Estate |
|
1.60% |
| Europe ex UK Real Estate |
|
1.50% |
| North America Real Estate |
|
1.20% |
| Commodities |
|
1.10% |
| Emerging Market Debt |
|
1.00% |
| Europe Investment Grade |
|
0.90% |
| Cash & Equivalents |
|
0.90% |
| Other Factors |
|
0.80% |
| UK High Yield |
|
0.70% |
| US Treasury |
|
0.60% |
| Africa Fixed Interest |
|
0.50% |
| Convertibles |
|
0.40% |
| Europe High Yield |
|
0.30% |
| Lower Risk Private Credit |
|
0.30% |
| US High Yield |
|
0.20% |
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. For PruFund, as further costs are factored into the setting of Expected Growth Rates, they are not shown separately here. 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.
Asset Allocation
| UK Equities |
|
17.00% |
| North American Equities |
|
10.60% |
| European Equities |
|
7.70% |
| Asia ex. Japan Equities |
|
7.50% |
| UK Real Estate |
|
7.30% |
| Private Equity |
|
4.90% |
| China Equities |
|
4.40% |
| Japanese Equities |
|
4.30% |
| Private High Yield |
|
3.60% |
| Middle East and Africa Equities |
|
3.30% |
| Infrastructure |
|
2.90% |
| Global Emerging Markets Equities |
|
2.80% |
| Tactical Investment Opportunities |
|
2.80% |
| Asia Fixed Interest |
|
2.40% |
| India Equities |
|
2.20% |
| UK Investment Grade |
|
2.20% |
| US Investment Grade |
|
2.10% |
| Asia Real Estate |
|
1.60% |
| Europe ex UK Real Estate |
|
1.50% |
| North America Real Estate |
|
1.20% |
| Commodities |
|
1.10% |
| Emerging Market Debt |
|
1.00% |
| Europe Investment Grade |
|
0.90% |
| Cash & Equivalents |
|
0.90% |
| Other Factors |
|
0.80% |
| UK High Yield |
|
0.70% |
| US Treasury |
|
0.60% |
| Africa Fixed Interest |
|
0.50% |
| Convertibles |
|
0.40% |
| Europe High Yield |
|
0.30% |
| Lower Risk Private Credit |
|
0.30% |
| US High Yield |
|
0.20% |
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 | BGN92R6 |
| Mex Code | PUTOC |
| Isin Code | GB00BGN92R66 |
| Citi Code | PTQE |
Fund Charges
| Annual Management Charge (AMC) | 1.31% |
| Further Costs | 0.00% |
| Yearly Total | 1.31% |
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 17% 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 |
| ABI Sector | Unclassified |
Ratings
| FE Crown |  |
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 | 6.74 |
| Beta | 0.00 |
| Sharpe | 27.45 |
| Standard Deviation | 0.12 |
| Info Ratio | -0.20 |
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. For PruFund, as further costs are factored into the setting of Expected Growth Rates, they are not shown separately here. 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.