Prudential PruFund Protected Cautious Fund S4
Performance
Discrete performance - to last month end
| 30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
30/06/24 to 30/06/25 |
|
|---|---|---|---|---|---|
| Fund | 8.2% | 7.7% | 0.6% | 4.5% | 5.5% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/25 |
5 Years to 30/06/25 |
10 Years to 30/06/25 |
||
| Fund | 3.5% | 5.2% | 4.3% | |
Commentary
30 June 2025 Stock markets were upended by President Trump’s early tariff proposals, precipitating a swift and pronounced sell-off within global equities. This development imposed a 10% baseline tariff on all imports, with elevated rates particularly for products from the EU, Japan and China, and led to fears of global recession. However, a week later, the announcement of a 90-day suspension of these tariffs catalysed a pronounced recovery in equity markets. By the end of the quarter most markets had recovered their earlier losses, with the S&P 500 achieving a quarterly return of 10.9% (in US dollars).
In the UK, the FTSE 100 rose 3.2%. Shares in Asia ex Japan and emerging markets delivered a robust performance, driven by investors gradually shifting their focus away from US allocations.
From a sector perspective, information technology and communication services emerged as front runners, while the healthcare and energy sectors registered the weakest performance.
UK government bonds outperformed US Treasuries, while US corporate bonds rose by 1.9%, underscoring the economy’s resilience amid policy uncertainty. The dollar index dropped 7%, as it weakened against G10 currencies. Brent crude oil concluded with a 9.5% decline (in US dollars), impacted by initial price drops from ‘Liberation Day’ announcements and fluctuations due to Israeli strikes on Iran and subsequent ceasefire.
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) 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.
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 (17/07/2025) | 225.70 |
| Offer | n/a |
| Fund size | - |
| Launch date | 25/08/2009 |
Fund Charges
| Annual Management Charge (AMC) | 1.38% |
| Further Costs | 0.22% |
| Yearly Total | 1.60% |
Asset Allocation
| Asia Fixed Interest |
|
10.40% |
| US Investment Grade |
|
9.40% |
| UK Investment Grade |
|
9.30% |
| UK Equities |
|
6.40% |
| UK Real Estate |
|
6.20% |
| Private High Yield |
|
5.30% |
| Emerging Market Debt |
|
4.00% |
| Europe Investment Grade |
|
3.90% |
| Private Equity |
|
3.70% |
| North American Equities |
|
3.60% |
| UK High Yield |
|
3.10% |
| European Equities |
|
2.90% |
| US Treasury |
|
2.90% |
| Infrastructure |
|
2.80% |
| Tactical Investment Opportunities |
|
2.80% |
| Lower Risk Private Credit |
|
2.30% |
| Cash & Equivalents |
|
2.10% |
| Asia ex. Japan Equities |
|
2.00% |
| Asia Real Estate |
|
1.80% |
| Japanese Equities |
|
1.50% |
| Convertibles |
|
1.50% |
| China Equities |
|
1.40% |
| Europe ex UK Real Estate |
|
1.30% |
| Europe High Yield |
|
1.30% |
| North America Real Estate |
|
1.20% |
| Africa Fixed Interest |
|
1.20% |
| Other Factors |
|
1.10% |
| Middle East and Africa Equities |
|
1.00% |
| Commodities |
|
1.00% |
| Global Emerging Markets Equities |
|
0.90% |
| India Equities |
|
0.80% |
| US High Yield |
|
0.70% |
| Global 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.
The capital guarantee, if applicable, is applied at the end of the guarantee term specified in your personal illustration document. The guarantees we provide are backed by the Prudential Assurance Company Limited (PAC) With-Profits Fund. We do not use a third party to back our guarantees. Some guarantees are currently closed to new investments.
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 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
| Asia Fixed Interest |
|
10.40% |
| US Investment Grade |
|
9.40% |
| UK Investment Grade |
|
9.30% |
| UK Equities |
|
6.40% |
| UK Real Estate |
|
6.20% |
| Private High Yield |
|
5.30% |
| Emerging Market Debt |
|
4.00% |
| Europe Investment Grade |
|
3.90% |
| Private Equity |
|
3.70% |
| North American Equities |
|
3.60% |
| UK High Yield |
|
3.10% |
| European Equities |
|
2.90% |
| US Treasury |
|
2.90% |
| Infrastructure |
|
2.80% |
| Tactical Investment Opportunities |
|
2.80% |
| Lower Risk Private Credit |
|
2.30% |
| Cash & Equivalents |
|
2.10% |
| Asia ex. Japan Equities |
|
2.00% |
| Asia Real Estate |
|
1.80% |
| Japanese Equities |
|
1.50% |
| Convertibles |
|
1.50% |
| China Equities |
|
1.40% |
| Europe ex UK Real Estate |
|
1.30% |
| Europe High Yield |
|
1.30% |
| North America Real Estate |
|
1.20% |
| Africa Fixed Interest |
|
1.20% |
| Other Factors |
|
1.10% |
| Middle East and Africa Equities |
|
1.00% |
| Commodities |
|
1.00% |
| Global Emerging Markets Equities |
|
0.90% |
| India Equities |
|
0.80% |
| US High Yield |
|
0.70% |
| Global 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.
The capital guarantee, if applicable, is applied at the end of the guarantee term specified in your personal illustration document. The guarantees we provide are backed by the Prudential Assurance Company Limited (PAC) With-Profits Fund. We do not use a third party to back our guarantees. Some guarantees are currently closed to new investments.
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 | B52WWD5 |
| Mex Code | PUPTCT |
| Isin Code | GB00B52WWD51 |
| Citi Code | FPA9 |
Fund Charges
| Annual Management Charge (AMC) | 1.38% |
| Further Costs | 0.22% |
| Yearly Total | 1.60% |
Aims and Benchmark
| 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 |
| 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 smoothing process, our charges, and when you take your money out.
The capital guarantee, if applicable, is applied at the end of the guarantee term specified in your personal illustration document. The guarantees we provide are backed by the Prudential Assurance Company Limited (PAC) With-Profits Fund. We do not use a third party to back our guarantees. Some guarantees are currently closed to new investments.
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.
The capital guarantee, if applicable, is applied at the end of the guarantee term specified in your personal illustration document. The guarantees we provide are backed by the Prudential Assurance Company Limited (PAC) With-Profits Fund. We do not use a third party to back our guarantees. Some guarantees are currently closed to new investments.
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 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.