PruFund - a guide to pricing adjustments
Unit Price Adjustments
25th November 2023
The PruFund Smoothed Price reflects the value of the fund; and each day the Smoothed Unit Price is increased by the relevant Expected Growth Rate (EGR). This is a yearly rate and it’s our estimate of how we think the fund will perform over the long term (10 years plus), but it’s not a guarantee of future performance.
There will be periods over the shorter term where the actual performance of the assets (such as Equities, Commercial Property, Bonds, and Cash) in the fund differ from the EGR being applied; when this happens your unit price will be adjusted to bring the smoothed value back in line with the value of the assets (we call these Unit Price Adjustments or UPAs). UPAs can either be up or down and are applied to make sure everyone invested in the fund gets their fair share.
For detailed information on how unit price adjustments and smoothing works, please read a guide to smoothing
At the last review on 25th November there were no Unit Price Adjustments made to any of the PruFunds.
If you have any questions we would recommend that you speak to your financial adviser.
If you don't have a financial adviser and want to speak to one, you can find an adviser on our website.
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"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.