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Risk Managed PruFund funds - Smoothed

Funds that aim to grow your client's money while giving them a smoothed investment experience.

  • Five levels of risk and potential return
  • Multi-asset funds
  • Smoothing process

There are five Risk Managed PruFund funds, each designed to suit different attitudes to risk and reward. They all benefit from our established PruFund smoothing process and are suitable for clients looking to invest for 5 to 10 years or more. The funds are invested in the Prudential With-Profits Fund which is one of the largest with-profits funds in the UK.

The funds have an objective to stay within volatility ceiling limits, which allows us to manage the fund risk profile over time and help to align it closer to your client’s risk assessments. They are actively managed by M&G's Treasury & Investment Office (T&IO) who manage the Strategic Asset Allocation (SAA) for these funds and will select funds from our With-Profit investment universe.

Please remember that the value of your client’s investments can go down as well as up and they may not get back what they have paid in.

  • There’s now a choice of five multi-asset Risk Managed PruFund funds, each with its own risk profile and managed to stay within an expected long-term volatility ceiling limit.
  • Each fund uses our established PruFund smoothing process.

The funds have 5 levels of risk and potential return, each with a different volatility ceiling limit. 1 = lower risk; 3 = medium risk; 5 = higher risk

Fund Name Expected Volatility Ceilings
Prudential PruFund Risk Managed 1 9%
Prudential PruFund Risk Managed 2 10%
Prudential PruFund Risk Managed 3 12%
Prudential PruFund Risk Managed 4 14.5%
Prudential PruFund Risk Managed 5 17%

There is no guarantee that the fund will stay within its expected volatility ceiling limit.

For more information on asset allocation within Risk Managed PruFund funds, please download the Adviser Guide (PDF).


Prudential Risk Managed PruFund 1-4

Prudential Risk Managed PruFund 5

Prudential Retirement Account


Flexible Retirement Plan#


Prudential ISA 

Prudential Investment Plan

Trustee Investment Plan


International Portfolio Bond

# The Flexible Retirement Plan (FRP) closed to new business on 17 September 2018 but if your client is an existing FRP customer they can still make changes to their plan.

Please refer to the appropriate fund guide or product information pages for more information.

PruFund has an established smoothing mechanism which uses Expected Growth Rates, and where required, Unit Price Adjustments, to deliver a smoothed investment journey.   The smoothing mechanism also includes Suspension of Smoothing and Unit Price Resets; we expect these to be used in highly unusual circumstances.  For more information View a Step by Step guide to the PruFund Smoothing Process

M&G Treasury & Investment Office (T&IO) monitor and manage the Prudential Group fund managers responsible for the majority of underlying funds that these Multi-Asset funds invest in.

A number of independent risk mapping documents are available, helping support your client conversations around our risk managed range of funds. Take a look at these risk analysis reports providing risk ratings from DefaqtoFinametricaSynaptic and Distribution Technology.