PruFund range of funds - Quarterly reviewUpward UPAs and no changes to EGRs
We've announced a number of upward Unit Price Adjustments (UPAs) to some of our PruFund funds, as well as no changes to the Expected Growth Rates (EGRs) across our PruFund funds for the next quarter.
All the latest UPA and EGR details can be found via the links below:
The mechanics of a quarterly UPA
On the quarter date, there’s an upward UPA for this fund if the unsmoothed price is:
4%, or more, higher than the smoothed price for our PruFund Cautious, PruFund Risk Managed 1 or PruFund Risk Managed 2 Funds, or
5% or more, higher than the smoothed price for our PruFund Growth, PruFund Growth & Income, PruFund Risk Managed 3, PruFund Risk Managed 4 and PruFund Risk Managed 5 funds.
This was the case this month.
As each PruFund fund has a different asset allocation some funds may have a UPA and others may not.
Please note, the UPAs also apply to the protected version of the funds, where applicable.
The value of an investment can go down as well as up. Your client may get back less than they have paid in.