31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
|
---|---|---|---|---|---|
Fund | -1.6% | 8.1% | 7.7% | 0.8% | 4.5% |
Annualised | ||||
---|---|---|---|---|
3 Years to 31/07/24 |
5 Years to 31/07/24 |
10 Years to 31/07/24 |
||
Fund | 4.3% | 3.8% | 4.3% |
30 June 2024
Equities progressed, whereas sovereign bonds encountered challenges over delayed interest rate cuts and political uncertainties. The 10-year US government bond yield concluded at 4.4%. In parallel, the 10-year UK gilt yield rose to 4.2%. Euro sovereigns faced downward pressure as investors priced in a tempered trajectory for rate cuts, despite the European Central Banks’s decision to implement its first rate cut. France's parliamentary election announcement heightened concerns and the risk premium on 10-year French government bonds hit its highest level since 2012. Japan’s 10-year government bond yield surpassed 1% for the first time in 11 years.
The bullish equity markets persisted, with the FTSE World Index returning 2.7% (sterling). Buoyed by strong corporate earnings and positive sentiment around the ‘Magnificent Seven’ group of mega-cap technology stocks, the US equity market shrugged off inflation concerns; the S&P 500 gained 4.3% (US dollars). In the UK, a weaker pound sterling and expectations of interest rate cuts boosted prices, with the FTSE 100 returning 3.8% (sterling). In contrast, European and Japanese equities lagged. Emerging market equities rebounded, benefiting from economic growth and election results in major markets. Technology stocks maintained their dominance, with communication services and utilities closely following. The US dollar appreciated against major currencies. Brent crude oil fell 1.1%, whereas gold rose 5.1% (US dollars).
The M&G Treasury & Investment Office (T&IO) outlook is cautious as much uncertainty remains.
Objective: The fund aims to produce growth over the medium to long term (5 to 10 years or more) using a cautious approach to investing 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, cash and other specialist investments. The cautious approach to investment means the fund aims to invest 50-75% in fixed interest securities, index-linked securities and cash, although we may occasionally move outside this range to meet the fund objectives.
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.
Bid (23/08/2024) | 215.28 |
Offer | n/a |
Fund size | - |
Launch date | 25/08/2009 |
Annual Management Charge (AMC) | 1.38% |
Further Costs | 0.22% |
Yearly Total | 1.60% |
US Investment Grade |
|
10.60% |
UK Investment Grade |
|
10.50% |
Asia Fixed Interest |
|
9.90% |
Private High Yield |
|
6.30% |
UK Real Estate |
|
6.00% |
UK Equities |
|
5.70% |
Emerging Market Debt |
|
4.10% |
UK High Yield |
|
3.90% |
North American Equities |
|
3.50% |
Private Equity |
|
3.50% |
Europe Investment Grade |
|
3.30% |
Infrastructure |
|
2.90% |
US Treasury |
|
2.60% |
Tactical Investment Opportunities |
|
2.40% |
European Equities |
|
2.30% |
Asia ex. Japan Equities |
|
2.10% |
Asia Real Estate |
|
2.00% |
Cash & Equivalents |
|
1.80% |
Europe High Yield |
|
1.70% |
Japanese Equities |
|
1.50% |
Convertibles |
|
1.50% |
Other Factors |
|
1.50% |
Europe ex UK Real Estate |
|
1.30% |
China Equities |
|
1.20% |
North America Real Estate |
|
1.20% |
Lower Risk Private Credit |
|
1.20% |
Africa Fixed Interest |
|
1.10% |
Middle East and Africa Equities |
|
1.00% |
US High Yield |
|
1.00% |
India Equities |
|
0.90% |
Global Emerging Markets Equities |
|
0.80% |
Global High Yield |
|
0.70% |
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 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.
US Investment Grade |
|
10.60% |
UK Investment Grade |
|
10.50% |
Asia Fixed Interest |
|
9.90% |
Private High Yield |
|
6.30% |
UK Real Estate |
|
6.00% |
UK Equities |
|
5.70% |
Emerging Market Debt |
|
4.10% |
UK High Yield |
|
3.90% |
North American Equities |
|
3.50% |
Private Equity |
|
3.50% |
Europe Investment Grade |
|
3.30% |
Infrastructure |
|
2.90% |
US Treasury |
|
2.60% |
Tactical Investment Opportunities |
|
2.40% |
European Equities |
|
2.30% |
Asia ex. Japan Equities |
|
2.10% |
Asia Real Estate |
|
2.00% |
Cash & Equivalents |
|
1.80% |
Europe High Yield |
|
1.70% |
Japanese Equities |
|
1.50% |
Convertibles |
|
1.50% |
Other Factors |
|
1.50% |
Europe ex UK Real Estate |
|
1.30% |
China Equities |
|
1.20% |
North America Real Estate |
|
1.20% |
Lower Risk Private Credit |
|
1.20% |
Africa Fixed Interest |
|
1.10% |
Middle East and Africa Equities |
|
1.00% |
US High Yield |
|
1.00% |
India Equities |
|
0.90% |
Global Emerging Markets Equities |
|
0.80% |
Global High Yield |
|
0.70% |
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.
Sedol Code | B54YP74 |
Mex Code | PUPRUP |
Isin Code | GB00B54YP748 |
Citi Code | FPA5 |
Annual Management Charge (AMC) | 1.38% |
Further Costs | 0.22% |
Yearly Total | 1.60% |
Aims | Objective: The fund aims to produce growth over the medium to long term (5 to 10 years or more) using a cautious approach to investing 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, cash and other specialist investments. The cautious approach to investment means the fund aims to invest 50-75% in fixed interest securities, index-linked securities and cash, although we may occasionally move outside this range to meet the fund objectives. |
Benchmark | Not benchmarked |
Sector | ABI Unclassified |
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.
Ratio | Value |
---|---|
Alpha | -2.86 |
Beta | 1.66 |
Sharpe | 0.19 |
Standard Deviation | 4.05 |
Info Ratio | -0.03 |
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.
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 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.