Prudential PruFund Growth Fund ISA
Performance
Discrete performance - to last month end
| 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 |
30/09/24 to 30/09/25 |
|
|---|---|---|---|---|---|
| Fund | 19.5% | 7.2% | -0.5% | 8.7% | 7.3% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/25 |
5 Years to 30/09/25 |
10 Years to 30/09/25 |
||
| Fund | 5.1% | 8.3% | 6.6% | |
Commentary
30 September 2025 The quarter was largely positive. Global stockmarkets continued to recover from the tariff-induced sell-off in April as worries about trade disruption eased. Initially, a month’s delay in tariff implementation was welcomed. US trade deals with the EU and Japan, which included tariffs that were not as high as originally announced, also lifted sentiment. Market gains were also fuelled by strong corporate earnings, anticipation of Federal Reserve rate cuts, and continued enthusiasm around AI and technology innovation.
The best-performing equity regions were Asia ex Japan and Emerging Markets (EM). Chinese stocks rallied, with AI-related stocks, in particular, favoured by investors. South African equities were among the leaders in EM, whereas Argentina’s stockmarket tumbled. Among developed markets, the US and Japan were ahead of Europe and the UK. The S&P 500 advanced 8.1% in dollar terms reaching new record highs.
Bond market returns were more modest, with concerns about inflation and fiscal positions weighing on sentiment, particularly in Europe. US Treasuries saw positive returns, supported by a 25-basis point rate cut. In contrast, UK government bonds declined, especially longer dated debt, although UK corporate bonds rose slightly.
Despite the generally upbeat environment, the price of gold continued to rise. Brent crude oil was flat over the three months, whereas gas prices fell slightly. The US dollar stabilised after falling sharply in the first half of the year. 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.
Fund Manager
The M&G Treasury and Investment Office (T&IO) 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 (27/10/2025) | 376.80 |
| Offer | n/a |
| Fund size | - |
| Launch date | 26/02/2015 |
Fund Charges
| Annual Management Charge (AMC) | 1.06% |
| Further Costs | 0.31% |
| Yearly Total | 1.37% |
Asset Allocation
| UK Equities |
|
11.50% |
| UK Real Estate |
|
8.50% |
| North American Equities |
|
7.20% |
| US Investment Grade |
|
6.60% |
| Asia Fixed Interest |
|
5.60% |
| Private Equity |
|
5.30% |
| European Equities |
|
5.20% |
| UK Investment Grade |
|
5.10% |
| Asia ex. Japan Equities |
|
5.00% |
| Private High Yield |
|
3.50% |
| Tactical Investment Opportunities |
|
3.10% |
| China Equities |
|
3.00% |
| Infrastructure |
|
3.00% |
| Japanese Equities |
|
2.90% |
| Middle East and Africa Equities |
|
2.20% |
| Emerging Market Debt |
|
2.20% |
| Europe Investment Grade |
|
2.10% |
| Cash & Equivalents |
|
2.00% |
| Global Emerging Markets Equities |
|
1.90% |
| Europe ex UK Real Estate |
|
1.70% |
| Asia Real Estate |
|
1.70% |
| UK High Yield |
|
1.70% |
| India Equities |
|
1.50% |
| North America Real Estate |
|
1.40% |
| Commodities |
|
1.10% |
| Africa Fixed Interest |
|
1.00% |
| Lower Risk Private Credit |
|
1.00% |
| Other Factors |
|
1.00% |
| Convertibles |
|
0.80% |
| Europe High Yield |
|
0.70% |
| US High Yield |
|
0.50% |
| US Treasury |
|
0.00% |
| Global High Yield |
|
0.00% |
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 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.
Asset Allocation
| UK Equities |
|
11.50% |
| UK Real Estate |
|
8.50% |
| North American Equities |
|
7.20% |
| US Investment Grade |
|
6.60% |
| Asia Fixed Interest |
|
5.60% |
| Private Equity |
|
5.30% |
| European Equities |
|
5.20% |
| UK Investment Grade |
|
5.10% |
| Asia ex. Japan Equities |
|
5.00% |
| Private High Yield |
|
3.50% |
| Tactical Investment Opportunities |
|
3.10% |
| China Equities |
|
3.00% |
| Infrastructure |
|
3.00% |
| Japanese Equities |
|
2.90% |
| Middle East and Africa Equities |
|
2.20% |
| Emerging Market Debt |
|
2.20% |
| Europe Investment Grade |
|
2.10% |
| Cash & Equivalents |
|
2.00% |
| Global Emerging Markets Equities |
|
1.90% |
| Europe ex UK Real Estate |
|
1.70% |
| Asia Real Estate |
|
1.70% |
| UK High Yield |
|
1.70% |
| India Equities |
|
1.50% |
| North America Real Estate |
|
1.40% |
| Commodities |
|
1.10% |
| Africa Fixed Interest |
|
1.00% |
| Lower Risk Private Credit |
|
1.00% |
| Other Factors |
|
1.00% |
| Convertibles |
|
0.80% |
| Europe High Yield |
|
0.70% |
| US High Yield |
|
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 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 | BQQFX90 |
| Mex Code | PUAABE |
| Isin Code | GB00BQQFX900 |
| Citi Code | M5EE |
Fund Charges
| Annual Management Charge (AMC) | 1.06% |
| Further Costs | 0.31% |
| Yearly Total | 1.37% |
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. |
| 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 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 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 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.