New Ireland PruFund Cautious
Managed Defensive (<35% Equity)
PruFund Cautious invests in the M&G (Lux) Future+ Cautious (Euro) Fund S2 (the Feeder Fund), which aims for steady & consistent growth over the medium to long-term through a cautious approach to investing. By using a smoothing process, the Feeder Fund aims to achieve more stable returns than investing in stock markets directly. This fund is classified as an Article 8 Fund.
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108.20
EUR
+12.11 (+12.60%) past 3 year
as of 19 May 2026Corporate Bonds
51.7
Equities
24.2
Alternative Investments
10.7
Property
6.9
Government Bonds
6.5
Fund insights
Detailed information extracted from the fund factsheet.
Underlying fund: M&G (Lux) Future+ Cautious (Euro) Fund S2
Managed by M&G Investment Management Limited
For some funds that invest in shares or bonds, the assets in that fund may be used for the purpose of securities lending in order to earn an additional return for the fund. While securities lending increases the level of risk within a fund it provides an opportunity to increase the investment return.
ESG & sustainability
Article 8 funds or Light Green Funds are defined as funds which promote environmental or social characteristics (although not exclusively) and which invest in companies that follow good governance practices. The underlying investments do not take into account the EU criteria for environmentally sustainable economic activities.
Capital protection
By using a smoothing process, the Feeder Fund aims to achieve more stable returns than investing in stock markets directly.
Manager commentary - March 2026
The fund delivered lower returns in March, reflecting a more challenging market environment. Market sentiment was weighed down by escalating geopolitical tensions and uncertainty around monetary policy, linked to the ongoing conflict in the Middle East. Equities saw weaker returns with the largest falls in the Europe ex. UK, Asia ex. Japan and Africa segments. Real Estate returns decreased, despite positive returns from US and Asian property. Alternatives made gains owing to strong commodity performance. Fixed income declined overall, with gains in private credit and China offset by losses in Europe (incl. the UK) and Asia.
- Adrian Gaspar, Investment Director, Treasury & Investment Office, M&GFrequently asked questions
Common questions about New Ireland PruFund Cautious.
Pru Cautious Fund S3A invests through the M&G (Lux) Future+ Cautious (Euro) Fund S2, known as the Feeder Fund. The underlying portfolio is diversified across equities, property, bonds, alternatives and cash. The fund is designed to pursue steady, consistent growth over the medium to long term with a cautious approach.
Pru Cautious Fund S3A uses a smoothing process through the Feeder Fund to help reduce sharp swings in returns. That means the fund aims to be more stable than investing directly in stock markets. This can be helpful for investors who prefer a less volatile investment experience, though it does not remove investment risk.
Pru Cautious Fund S3A is designed for investors with a medium to long-term horizon, typically at least 5-7 years. It is classified as low to medium risk, so it may suit people looking for growth with a cautious level of risk. The fund may appeal to investors who want diversification and a smoother return profile.
Pru Cautious Fund S3A is classified as an Article 8 fund, which means it promotes environmental or social characteristics and invests in companies that follow good governance practices. The underlying investments do not use the EU’s criteria for environmentally sustainable economic activities. The fund therefore has an ESG tilt, but it is not a fully sustainable or green-only fund.
The main risk highlighted for Pru Cautious Fund S3A is sustainability risk, which means environmental, social or governance issues could affect the value of the investments. As with any fund holding shares, bonds and other assets, returns can still go down as well as up. Securities lending may also be used in some underlying holdings, which can increase risk while aiming to add extra return.
New Ireland PruFund Cautious
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