Prudential PruFund Risk Managed 4 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

31/05/19
to
31/05/20
31/05/20
to
31/05/21
31/05/21
to
31/05/22
31/05/22
to
31/05/23
31/05/23
to
31/05/24
Fund 6.0% 5.7% 5.8% 6.6% 7.8%

Annualised performance

Annualised
3 Years to
31/05/24
5 Years to
31/05/24
10 Years to
31/05/24
Fund 6.7% 6.4% 6.6%

Commentary

31 March 2024 - Buoyed by subsiding inflationary pressures, robust economic data and the prospect of oncoming rate cuts, the first quarter concluded with solid gains for global equity markets. It was a different story for bonds, however. The rally in bond markets at the end of last year faded as investors pushed back their timing of potential interest rate cuts by central banks. Bond yields rose in January and February before recovering somewhat in March when the Federal Reserve (Fed) confirmed that it expected to cut rates three times this year. The 10-year US Treasury yield ended the period at 4.2%, up from 3.9%. UK gilt yields were up slightly, along with those of euro sovereigns and Japanese government bonds.

Equity markets started the year with an impressive rally. The US stockmarket registered its best first quarter in five years, driven partly by the continued appetite for artificial intelligence. Weakness of the yen helped fuel another surge in Japanese equities. European equities also posted solid gains. UK equities made a positive start to the year, although they trailed other regions. At the sector level, technology stocks were the clear outperformer, closely followed by communication services, energy and financials. Gold rose by 7.2% (in US dollars). The dollar strengthened against major currencies including sterling and the euro. Brent crude oil was up 12.5% (in US dollars) as ongoing production cuts and geopolitical tensions continue to impact markets.

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 14.5% 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 (Charles Griffith) manager of the underlying fund for 9 years and 5 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 (13/06/2024) 231.00
Offer n/a
Fund size -
Launch date 07/11/2011

Fund Charges

Annual Management Charge (AMC) 1.41%
Further Costs 0.27%
Yearly Total 1.68%
Portfolio data accurate as at: 30/04/24

Asset Allocation

UK Equities
 
 
15.20%
UK Property
 
 
8.70%
North American Equities
 
 
7.70%
European Equities
 
 
5.70%
Asia ex. Japan Equities
 
 
5.70%
US Investment Grade
 
 
5.10%
Private Equity
 
 
4.50%
UK Investment Grade
 
 
4.40%
Asia Fixed Interest
 
 
4.40%
Japanese Equities
 
 
4.00%
Tactical Investment Opportunities
 
 
3.20%
China Equities
 
 
3.00%
Private High Yield
 
 
2.70%
Infrastructure
 
 
2.50%
Middle East and Africa Equities
 
 
2.40%
India Equities
 
 
2.20%
Global Emerging Markets Equities
 
 
2.00%
Emerging Market Debt
 
 
1.90%
Asia Property
 
 
1.80%
UK High Yield
 
 
1.60%
Europe ex UK property
 
 
1.40%
North America Property
 
 
1.40%
Europe Investment Grade
 
 
1.40%
Cash & Equivalents
 
 
1.40%
Hedge Fund
 
 
1.30%
US Treasury
 
 
1.20%
Europe High Yield
 
 
0.70%
Africa Fixed Interest
 
 
0.70%
US High Yield
 
 
0.50%
Convertibles
 
 
0.50%
Global High Yield
 
 
0.50%
Lower Risk Private Credit
 
 
0.30%

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

UK Equities
 
 
15.20%
UK Property
 
 
8.70%
North American Equities
 
 
7.70%
European Equities
 
 
5.70%
Asia ex. Japan Equities
 
 
5.70%
US Investment Grade
 
 
5.10%
Private Equity
 
 
4.50%
UK Investment Grade
 
 
4.40%
Asia Fixed Interest
 
 
4.40%
Japanese Equities
 
 
4.00%
Tactical Investment Opportunities
 
 
3.20%
China Equities
 
 
3.00%
Private High Yield
 
 
2.70%
Infrastructure
 
 
2.50%
Middle East and Africa Equities
 
 
2.40%
India Equities
 
 
2.20%
Global Emerging Markets Equities
 
 
2.00%
Emerging Market Debt
 
 
1.90%
Asia Property
 
 
1.80%
UK High Yield
 
 
1.60%
Europe ex UK property
 
 
1.40%
North America Property
 
 
1.40%
Europe Investment Grade
 
 
1.40%
Cash & Equivalents
 
 
1.40%
Hedge Fund
 
 
1.30%
US Treasury
 
 
1.20%
Europe High Yield
 
 
0.70%
Africa Fixed Interest
 
 
0.70%
US High Yield
 
 
0.50%
Convertibles
 
 
0.50%
Global High Yield
 
 
0.50%
Lower Risk Private Credit
 
 
0.30%

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 B6RS150
Mex Code PUUNTA
Isin Code GB00B6RS1504
Citi Code 0I3D

Fund Charges

Annual Management Charge (AMC) 1.41%
Further Costs 0.27%
Yearly Total 1.68%

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 14.5% per annum (before smoothing). There is no guarantee that the fund will achieve its objective of managing the volatility below this limit.
Benchmark Unconstrained
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 6.73
Beta 0.00
Sharpe 11.92
Standard Deviation 0.27
Info Ratio 0.36

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.