Prudential PruFund Risk Managed 2 Account Ser E

Essentials Portfolio Analysis Background Data 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% 4.2% 4.1% 4.9% 6.0%

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 5.0% 4.8% n/a

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: The fund aims to achieve long-term total return (the combination of income and growth of capital). The fund is actively managed and aims to limit the fluctuations ('volatility') your investment experiences, after allowing for smoothing, to 10% per annum over the medium to long term. There is no guarantee that the fund will achieve its objective of managing the volatility to the target level.

Fund Manager

M&G Treasury & Investment office (Charles Griffith) manager of the underlying fund 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) 199.40
Offer n/a
Fund size -
Launch date 26/08/2017

Fund Charges

Annual Management Charge (AMC) 0.76%
Further Costs 0.24%
Yearly Total 1.00%
Portfolio data accurate as at: 31/01/24

Asset Allocation

US Investment Grade
 
 
10.70%
Asia Fixed Interest
 
 
9.70%
UK Investment Grade
 
 
8.70%
UK Equities
 
 
7.60%
UK Property
 
 
7.20%
Private High Yield
 
 
5.00%
Europe Investment Grade
 
 
4.20%
North American Equities
 
 
3.90%
Emerging Market Debt
 
 
3.90%
UK High Yield
 
 
3.10%
Tactical Investment Opportunities
 
 
3.00%
European Equities
 
 
2.90%
Asia ex. Japan Equities
 
 
2.90%
Private Equity
 
 
2.90%
US Treasury
 
 
2.60%
Japanese Equities
 
 
2.20%
Cash & Equivalents
 
 
1.90%
Asia Property
 
 
1.60%
Infrastructure
 
 
1.60%
Africa Fixed Interest
 
 
1.50%
China Equities
 
 
1.40%
Europe High Yield
 
 
1.40%
Middle East and Africa Equities
 
 
1.30%
Europe ex UK property
 
 
1.20%
North America Property
 
 
1.20%
India Equities
 
 
1.10%
US High Yield
 
 
1.10%
Convertibles
 
 
1.10%
Global Emerging Markets Equities
 
 
1.00%
Global High Yield
 
 
0.80%
Hedge Fund
 
 
0.80%
Lower Risk Private Credit
 
 
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 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. 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
 
 
10.70%
Asia Fixed Interest
 
 
9.70%
UK Investment Grade
 
 
8.70%
UK Equities
 
 
7.60%
UK Property
 
 
7.20%
Private High Yield
 
 
5.00%
Europe Investment Grade
 
 
4.20%
North American Equities
 
 
3.90%
Emerging Market Debt
 
 
3.90%
UK High Yield
 
 
3.10%
Tactical Investment Opportunities
 
 
3.00%
European Equities
 
 
2.90%
Asia ex. Japan Equities
 
 
2.90%
Private Equity
 
 
2.90%
US Treasury
 
 
2.60%
Japanese Equities
 
 
2.20%
Cash & Equivalents
 
 
1.90%
Asia Property
 
 
1.60%
Infrastructure
 
 
1.60%
Africa Fixed Interest
 
 
1.50%
China Equities
 
 
1.40%
Europe High Yield
 
 
1.40%
Middle East and Africa Equities
 
 
1.30%
Europe ex UK property
 
 
1.20%
North America Property
 
 
1.20%
India Equities
 
 
1.10%
US High Yield
 
 
1.10%
Convertibles
 
 
1.10%
Global Emerging Markets Equities
 
 
1.00%
Global High Yield
 
 
0.80%
Hedge Fund
 
 
0.80%
Lower Risk Private Credit
 
 
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 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 BYXD553
Mex Code PUJZAC
Isin Code GB00BYXD5530
Citi Code O1K0

Fund Charges

Annual Management Charge (AMC) 0.76%
Further Costs 0.24%
Yearly Total 1.00%

Aims and Benchmark

Aims Objective: The fund aims to achieve long-term total return (the combination of income and growth of capital). The fund is actively managed and aims to limit the fluctuations ('volatility') your investment experiences, after allowing for smoothing, to 10% per annum over the medium to long term. There is no guarantee that the fund will achieve its objective of managing the volatility to the target level.
Benchmark Unconstrained
ABI Sector 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 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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. 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.