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Latest PruFund Expected Growth Rates (EGR) performance announcement

Expected Growth Rates

We are pleased to confirm that the Expected Growth Rates (EGR) remain unchanged for the next quarter. The EGR is the annualised rate which will normally be applied daily to increase the unit price of the fund. They are set quarterly by the Prudential Assurance Company Ltd (PAC) Directors, having regard to the expected long-term investment return on the assets of the fund.

Find out the latest EGR rates, historic EGR rates and historic Unit Price Adjustments (UPAs).

Unit Price Adjustment (UPA)

The smoothing rules have resulted in unit price adjustments being applied to the following funds in the PruFund range as specified below. These adjustments will be applied on 27 February 2017.

 
Prudential Retirement Account
PruFund Growth Fund +3.06%
PruFund Risk Managed (20-55) Fund +3.10%
PruFund Risk Managed (40-80) Fund +4.50%
Trustee Investment Plan/Flexible Retirement Plan
PruFund Growth Fund +3.07%
PruFund Protected Growth Fund +3.07%
PruFund Risk Managed (20-55) Fund +3.10%
PruFund Risk Managed (40-80) Fund +4.51%
Prudential International Investment Bond
PruFund Growth (Sterling) Fund +3.07%
PruFund Protected Growth (Sterling) Fund +3.07%
PruFund Growth (Dollar) Fund +2.65%
PruFund Protected Growth (Dollar) Fund +2.65%
PruFund Growth (Euro) Fund +3.72%
PruFund Protected Growth (Euro) Fund +3.72%
Prudential ISA*
PruFund Growth Fund +3.07%
PruFund Risk Managed (20-55) Fund +3.10%
PruFund Risk Managed (40-80) Fund +4.51%
Prudential Investment Plan/Flexible Investment Plan
PruFund Growth Fund 3.18%
PruFund Protected Growth Fund 3.18%
PruFund Risk Managed (40-80) Fund 3.32%

* Prudential ISA is provided by Capita Financial Investments Limited, who are the ISA Plan Manager. Capita Financial Investments Limited are responsible for all the regulatory and legal aspects of the ISA and the provision of all customer services.

These adjustments have been carried out in line with the disclosed smoothing rules and reinforce that the smoothing formula is behaving exactly as it was designed to.

Planholders who invested in the holding account on or after 25 November 2016 will not be impacted by these adjustments.

The PruFund smoothing process is explained in detail in the PruFund smoothing process guide (PRUS10137).

The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

How does this impact on performance?

(a) Onshore Bonds

The table below shows the performance of the PruFund Growth Fund which was launched on 25 November 2004. The Fund is currently available to new business on the Prudential Investment Plan.

  Since launch
25/11/04 - 27/02/17
PruFund Growth Fund and PruFund Protected Growth Fund* 128.59%
FTSE 100** 138.79%
FTSE All Share** 155.55%
ABI Mixed Investment 0%-35% Shares*** 58.72%
ABI Mixed Investment 20%-60% Shares*** 70.20%
ABI Mixed Investment 40%-85% Shares*** 104.90%

FTSE is a trademark jointly owned by the London Stock Exchange Plc and the Financial Times Limited and is used by the "FTSE" under licence. FTSE does not sponsor, endorse, or promote this product and is not in any way connected to it and it does not accept any liability in relation to its issue, operation and trading. All copy rights in the index values and constituent list vest in FTSE.

*PruFund returns shown above are gross of applicable plan charges, including AMC but net of tax. Other Fund performances reflected above may allow for AMC where this is included in the unit price. PruFund Funds, and the underlying With-Profits Fund, are not classified by the ABI, and don't form part of the selected sectors, but we have chosen to compare our Fund to these on the basis of the similarities in Equity holdings. PruFund Protected Growth Fund has not been continuously available from 25/11/04.

**As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income

***As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested but net of fund tax.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

The table below shows the performance of the PruFund Cautious Fund which was launched on 25 August 2009. These funds are currently available to new business on the Prudential Investment Plan.

  Since launch
25/08/09 - 27/02/17
PruFund Cautious Fund/PruFund Protected Cautious* 59.86%
FTSE 100** 93.15%
FTSE All Share** 102.02%
ABI Mixed Investment 0%-35% Shares*** 45.63%
ABI Mixed Investment 20%-60% Shares*** 54.00%
ABI Mixed Investment 40%-85% Shares*** 71.20%

FTSE is a trademark jointly owned by the London Stock Exchange Plc and the Financial Times Limited and is used by the "FTSE" under licence. FTSE does not sponsor, endorse, or promote this product and is not in any way connected to it and it does not accept any liability in relation to its issue, operation and trading. All copy rights in the index values and constituent list vest in FTSE.

*PruFund returns shown above are gross of applicable plan charges, including AMC but net of tax. Other Fund performances reflected above may allow for AMC where this is included in the unit price. PruFund Funds, and the underlying With-Profits Fund, are not classified by the ABI, and don't form part of the selected sectors, but we have chosen to compare our Fund to these on the basis of the similarities in Equity holdings.

**As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested but net of fund tax.

***As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested but net of fund tax.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

The table below shows the performance of the PruFund Risk Managed Funds which were launched on 25 November 2011. These Funds are currently available to new business on the Prudential Investment Plan.

  Since launch
25/11/11 - 27/02/17
PruFund 0-30 Fund* 36.04%
PruFund 10-40 Fund* 41.56%
PruFund 20-55 Fund* 48.49%
PruFund 40-80 Fund* 57.55%
FTSE 100** 70.54%
FTSE All Share** 78.18%
ABI Mixed Investment 0%-35% Shares*** 29.72%
ABI Mixed Investment 20%-60% Shares*** 38.94%
ABI Mixed Investment 40%-85% Shares*** 55.39%

*PruFund returns shown above are gross of applicable plan charges, including AMC but net of tax. Other Fund performances reflected above may allow for AMC where this is included in the unit price. PruFund Funds, and the underlying With-Profits Fund, are not classified by the ABI, and don't form part of the selected sectors, but we have chosen to compare our Fund to these on the basis of the similarities in Equity holdings.

**As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested.

***As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested but net of fund tax.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

(b) Pensions

The table below shows the performance of the PruFund Growth Pension Fund which was launched on 25/11/2008. The performance of these funds will differ from the onshore life funds due to the different tax treatment and different launch dates. These Funds are currently available on Flexible Retirement Plan and Trustee Investment Plan. Past performance on the Prudential Retirement Account will not be available until after its first anniversary in September 2017.

  Since launch
25/11/08 - 27/02/17
PruFund Growth Fund and PruFund Protected Growth Fund* 123.40%
FTSE 100** 135.80%
FTSE All Share** 154.39%
ABI Mixed Investment 0%-35% Shares - Pensions*** 71.09%
ABI Mixed Investment 20%-60% Shares - Pensions*** 91.64%
ABI Mixed Investment 40%-85% Shares - Pensions*** 118.07%

*PruFund returns shown above are gross of applicable plan charges, including AMC and gross of tax. Other Fund performances reflected above may allow for AMC where this is included in the unit price. PruFund Funds, and the underlying With-Profits Fund, are not classified by the ABI, and don't form part of the selected sectors, but we have chosen to compare our Fund to these on the basis of the similarities in Equity holdings. PruFund Protected Growth Pension Fund has not been continuously available from 25/11/08.

**As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested

***As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested and gross of fund tax.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

The table below shows the performance of the PruFund Cautious Pension Fund which was launched on 25/11/2009. These Funds are currently available on Flexible Retirement Plan and Trustee Investment Plan.

  Since launch
25/11/09 - 27/02/17
PruFund Cautious Pension Fund/PruFund Protected Cautious Pension Fund* 62.84%
FTSE 100** 75.65%
FTSE All Share** 85.08%
ABI Mixed Investment 0%-35% Shares*** 50.47%
ABI Mixed Investment 20%-60% Shares*** 57.32%
ABI Mixed Investment 40%-85% Shares*** 70.76%

*PruFund returns shown above are gross of applicable plan charges, including AMC and gross of tax. Other Fund performances reflected above may allow for AMC where this is included in the unit price. PruFund Funds, and the underlying With-Profits Fund, are not classified by the ABI, and don't form part of the selected sectors, but we have chosen to compare our Fund to these on the basis of the similarities in Equity holdings.

**As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested and gross of fund tax.

***As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested but net of fund tax.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

The table below shows the performance of the PruFund Risk Managed Pension Funds which were launched on 25 November 2011. These Funds are currently available on Flexible Retirement Plan and Trustee Investment Plan.

  Since launch
25/11/11 - 27/02/17
PruFund 0-30 Pension Fund* 48.20%
PruFund 10-40 Pension Fund* 52.30%
PruFund 20-55 Pension Fund* 60.10%
PruFund 40-80 Pension Fund* 68.60%
FTSE 100** 70.54%
FTSE All Share** 78.18%
ABI Mixed Investment 0%-35% Shares - Pesnions*** 36.26%
ABI Mixed Investment 20%-60% Shares - Pensions*** 46.90%
ABI Mixed Investment 40%-85% Shares - Pensions*** 63.33%

*PruFund returns shown above are gross of applicable plan charges, including AMC and gross of tax. Other Fund performances reflected above may allow for AMC where this is included in the unit price. PruFund Funds, and the underlying With-Profits Fund, are not classified by the ABI, and don't form part of the selected sectors, but we have chosen to compare our Fund to these on the basis of the similarities in Equity holdings.

**As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested

***As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested and gross of fund tax.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

(c) Prudential ISA

The table below shows the performance of the PruFund funds available on Prudential ISA. Prudential ISA launched on 26 February 2015. The performance of these funds will differ from the onshore life funds due to the different tax treatment and different launch dates.

  Since launch
26/02/15 - 27/02/17
PruFund Growth ISA Fund* 20.82%
PruFund Cautious ISA Fund* 9.13%
PruFund 0-30 ISA Fund* 12.53%
PruFund 10-40 ISA Fund* 13.40%
PruFund 20-55 ISA Fund* 13.87%
PruFund 40-80 ISA Fund* 15.72%
FTSE 100** 12.94%
FTSE All Share** 13.40%
ABI Mixed Investment 0%-35% Shares - Pensions*** 8.32%
ABI Mixed Investment 20%-60% Shares - Pensions*** 10.53%
ABI Mixed Investment 40%-85% Shares - Pensions*** 14.74%

*PruFund returns shown above are gross of applicable plan charges, including AMC and gross of tax. Other Fund performances reflected above may allow for AMC where this is included in the unit price. PruFund Funds, and the underlying With-Profits Fund, are not classified by the ABI, and don't form part of the selected sectors, but we have chosen to compare our Fund to these on the basis of the similarities in Equity holdings.

**As at close of business 24 February 2017. Source: Financial Express, bid to bid, net income reinvested

***As at close of business 24 February 2017.Source: Financial Express, bid to bid, net income reinvested and gross of fund tax.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

(d) Prudential International

The tables below show the PruFund funds available on Prudential International Investment Bond and International Prudence Bond. The performance of these funds will differ from the onshore life funds due to the different tax treatment and different launch dates. In addition, the Euro and US Dollar variants of the funds will have different performance as they are invested in appropriate assets relative to the denomination of the fund.

  Since launch
25/11/08 - 27/02/17
PruFund Growth (Sterling) Fund / PruFund Protected Growth (Sterling) Fund 123.40%
PruFund Growth (Euro) Fund / PruFund Protected Growth (Euro) Fund 97.45%
PruFund Growth (US Dollar) Fund / PruFund Protected Growth (US Dollar) Fund 129.51%

PruFund Protected Growth Funds have not been continuously available from 25/11/08.

  Since launch
25/11/09 - 27/02/17
PruFund Cautious (Sterling) Fund / PruFund Protected Cautious (Sterling) Fund 62.80%
PruFund Cautious (Euro) Fund / PruFund Protected Cautious (Euro) Fund 54.57%
PruFund Cautious (US Dollar) Fund / PruFund Protected Cautious (US Dollar) Fund 59.24%

PruFund returns shown above are gross of applicable product charges, including AMC.

Past performance is no guide to future performance. The value of an investment is not guaranteed and can go down as well as up. Your client could get back less than they have paid in.

For UK Adviser Use Only - Not Approved For Use With Clients