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Prudential International Investment Bond - PruFund Expected Growth Rates and Unit Price Adjustments

As part of our PruFund smoothing process, Prudential set Expected Growth Rates (EGR). These are the annualised rates your client’s investment would normally grow at. They are reviewed every three months, when they could rise or fall.

They are set quarterly by the Prudential Directors, with regard to the investment returns expected to be earned on the assets of the funds over the long-term (up to 15 years). They are published every quarter for each product. Your client’s investment will normally benefit from this growth rate on a daily basis, through an increase in the price of the units held (known as the unit price).

The table below shows the current and historic EGR (gross of all product charges) and Unit Price Adjustments (UPA), correct as at 25 November 2019.

Prudential International Investment Bond (£)

Sterling (£)

Prudential International Investment Bond (£)  Expected Growth Rate (%) Historic Expected Growth Rate Historic Unit Price Adjustments
From To EGR (%) Date Type Of Adjustment UPA (%)
Expand Row Collapse Row PruFund Cautious (Sterling) Fund (PIIB) 5.10 27/08/2019 Present 5.10 26/11/2018 End -2.40
25/08/2016 26/08/2019 5.50 25/08/2017 End +2.57
25/05/2016 24/08/2016 6.00 26/02/2016 End -3.40
25/02/2016 24/05/2016 6.50 28/05/2013 End +3.16
25/11/2014 24/02/2016 6.70
27/05/2014 24/11/2014 7.20
24/12/2012 26/05/2014 7.00
Expand Row Collapse Row PruFund Growth (Sterling) Fund (PIIB) 5.90 27/08/2019 Present 5.90 27/02/2017 End +3.07
25/08/2016 26/08/2019 6.20 25/11/2016 End +2.65
25/05/2016 24/08/2016 6.60 26/02/2016 End -2.68
25/02/2016 24/05/2016 7.10 26/05/2015 End +2.73
25/11/2014 24/02/2016 7.30
27/05/2014 24/11/2014 7.70
24/12/2012 26/05/2014 7.50
Expand Row Collapse Row PruFund Protected Cautious (Sterling) Fund (PIIB) 5.10 27/08/2019 Present 5.10 26/11/2018 End -2.40
25/08/2016 26/08/2019 5.50 25/08/2017 End +2.57
25/05/2016 24/08/2016 6.00 26/02/2016 End -3.40
25/02/2016 24/05/2016 6.50 28/05/2013 End +3.16
25/11/2014 24/02/2016 6.70
27/05/2014 24/11/2014 7.20
24/12/2012 26/05/2014 7.00
Expand Row Collapse Row PruFund Protected Growth (Sterling) Fund (PIIB) 5.90 27/08/2019 Present 5.90 27/02/2017 End +3.07
25/08/2016 26/08/2019 6.20 25/11/2016 End +2.65
25/05/2016 24/08/2016 6.60 26/02/2016 End -2.68
25/02/2016 24/05/2016 7.10 26/05/2015 End +2.73
25/11/2014 24/02/2016 7.30
27/05/2014 24/11/2014 7.70
24/12/2012 26/05/2014 7.50

Sterling (£)

PruFund Cautious (Sterling) Fund (PIIB)
Expected Growth Rate (%) 5.10
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.10
25/08/2016 26/08/2019 5.50
25/05/2016 24/08/2016 6.00
25/02/2016 24/05/2016 6.50
25/11/2014 24/02/2016 6.70
27/05/2014 24/11/2014 7.20
24/12/2012 26/05/2014 7.00
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/11/2018 End -2.40
25/08/2017 End +2.57
26/02/2016 End -3.40
28/05/2013 End +3.16
PruFund Growth (Sterling) Fund (PIIB)
Expected Growth Rate (%) 5.90
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.90
25/08/2016 26/08/2019 6.20
25/05/2016 24/08/2016 6.60
25/02/2016 24/05/2016 7.10
25/11/2014 24/02/2016 7.30
27/05/2014 24/11/2014 7.70
24/12/2012 26/05/2014 7.50
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
27/02/2017 End +3.07
25/11/2016 End +2.65
26/02/2016 End -2.68
26/05/2015 End +2.73
PruFund Protected Cautious (Sterling) Fund (PIIB)
Expected Growth Rate (%) 5.10
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.10
25/08/2016 26/08/2019 5.50
25/05/2016 24/08/2016 6.00
25/02/2016 24/05/2016 6.50
25/11/2014 24/02/2016 6.70
27/05/2014 24/11/2014 7.20
24/12/2012 26/05/2014 7.00
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/11/2018 End -2.40
25/08/2017 End +2.57
26/02/2016 End -3.40
28/05/2013 End +3.16
PruFund Protected Growth (Sterling) Fund (PIIB)
Expected Growth Rate (%) 5.90
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.90
25/08/2016 26/08/2019 6.20
25/05/2016 24/08/2016 6.60
25/02/2016 24/05/2016 7.10
25/11/2014 24/02/2016 7.30
27/05/2014 24/11/2014 7.70
24/12/2012 26/05/2014 7.50
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
27/02/2017 End +3.07
25/11/2016 End +2.65
26/02/2016 End -2.68
26/05/2015 End +2.73

Prudential International Investment Bond (€)

Euro (€)

Prudential International Investment Bond (€)  Expected Growth Rate (%) Historic Expected Growth Rate Historic Unit Price Adjustments
From To EGR (%) Date Type Of Adjustment UPA (%)
Expand Row Collapse Row PruFund Cautious (Euro) Fund (PIIB) 4.30 27/08/2019 Present 4.30 26/02/2016 End -4.35
25/08/2016 26/08/2019 4.80 25/02/2015 End +2.77
25/05/2016 24/08/2016 5.00 28/05/2013 End +3.80
25/02/2016 24/05/2016 5.70
25/11/2014 24/02/2016 5.90
24/12/2012 24/11/2014 6.90
Expand Row Collapse Row PruFund Growth (Euro) Fund (PIIB) 5.00 27/08/2019 Present 5.00 27/02/2017 End +3.72
25/08/2016 26/08/2019 5.30 26/02/2016 End -3.41
25/05/2016 24/08/2016 5.60 25/08/2015 End -2.70
25/02/2016 24/05/2016 6.40 25/02/2015 End +3.90
25/11/2014 24/02/2016 6.50 28/05/2013 End +3.91
26/08/2014 24/11/2014 7.60
24/12/2012 25/08/2014 7.40
Expand Row Collapse Row PruFund Protected Cautious (Euro) Fund (PIIB) 4.30 27/08/2019 Present 4.30 26/02/2016 End -4.35
25/08/2016 26/08/2019 4.80 25/02/2015 End +2.77
25/05/2016 24/08/2016 5.00 28/05/2013 End +3.80
25/02/2016 24/05/2016 5.70
25/11/2014 24/02/2016 5.90
24/12/2012 24/11/2014 6.90
Expand Row Collapse Row PruFund Protected Growth (Euro) Fund (PIIB) 5.00 27/08/2019 Present 5.00 27/02/2017 End +3.72
25/08/2016 26/08/2019 5.30 26/02/2016 End -3.41
25/05/2016 24/08/2016 5.60 25/08/2015 End -2.70
25/02/2016 24/05/2016 6.40 25/02/2015 End +3.90
25/11/2014 24/02/2016 6.50 28/05/2013 End +3.91
26/08/2014 24/11/2014 7.60
24/12/2012 25/08/2014 7.40

Euro (€)

PruFund Cautious (Euro) Fund (PIIB)
Expected Growth Rate (%) 4.30
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 4.30
25/08/2016 26/08/2019 4.80
25/05/2016 24/08/2016 5.00
25/02/2016 24/05/2016 5.70
25/11/2014 24/02/2016 5.90
24/12/2012 24/11/2014 6.90
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/02/2016 End -4.35
25/02/2015 End +2.77
28/05/2013 End +3.80
PruFund Growth (Euro) Fund (PIIB)
Expected Growth Rate (%) 5.00
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.00
25/08/2016 26/08/2019 5.30
25/05/2016 24/08/2016 5.60
25/02/2016 24/05/2016 6.40
25/11/2014 24/02/2016 6.50
26/08/2014 24/11/2014 7.60
24/12/2012 25/08/2014 7.40
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
27/02/2017 End +3.72
26/02/2016 End -3.41
25/08/2015 End -2.70
25/02/2015 End +3.90
28/05/2013 End +3.91
PruFund Protected Cautious (Euro) Fund (PIIB)
Expected Growth Rate (%) 4.30
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 4.30
25/08/2016 26/08/2019 4.80
25/05/2016 24/08/2016 5.00
25/02/2016 24/05/2016 5.70
25/11/2014 24/02/2016 5.90
24/12/2012 24/11/2014 6.90
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/02/2016 End -4.35
25/02/2015 End +2.77
28/05/2013 End +3.80
PruFund Protected Growth (Euro) Fund (PIIB)
Expected Growth Rate (%) 5.00
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.00
25/08/2016 26/08/2019 5.30
25/05/2016 24/08/2016 5.60
25/02/2016 24/05/2016 6.40
25/11/2014 24/02/2016 6.50
26/08/2014 24/11/2014 7.60
24/12/2012 25/08/2014 7.40
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
27/02/2017 End +3.72
26/02/2016 End -3.41
25/08/2015 End -2.70
25/02/2015 End +3.90
28/05/2013 End +3.91

Prudential International Investment Bond ($)

Dollar ($)

Prudential International Investment Bond ($)  Expected Growth Rate (%) Historic Expected Growth Rate Historic Unit Price Adjustments
From To EGR (%) Date Type Of Adjustment UPA (%)
Expand Row Collapse Row PruFund Cautious (US Dollar) Fund (PIIB) 5.80 27/08/2019 Present 5.80 26/11/2018 End -2.02
25/05/2016 26/08/2019 6.00 25/11/2015 End -2.53
25/02/2016 24/05/2016 6.30 25/08/2015 End -3.78
25/11/2014 24/02/2016 6.40 28/05/2013 End +2.61
24/12/2012 24/11/2014 6.90
Expand Row Collapse Row PruFund Growth (US Dollar) Fund (PIIB) 6.40 27/08/2019 Present 6.40 26/11/2018 End -3.14
25/05/2016 26/08/2019 6.60 27/11/2017 End +2.84
25/02/2016 24/05/2016 7.00 25/05/2017 End +3.03
25/11/2014 24/02/2016 7.20 27/02/2017 End +2.65
26/08/2014 24/11/2014 7.60 15/02/2016 Mid -8.25
27/05/2014 25/08/2014 7.50 27/05/2014 End +2.61
24/12/2012 26/05/2014 7.40 28/05/2013 End +2.85
Expand Row Collapse Row PruFund Protected Cautious (US Dollar) Fund (PIIB) 5.80 27/08/2019 Present 5.80 26/11/2018 End -2.02
25/05/2016 26/08/2019 6.00 25/11/2015 End -2.53
25/02/2016 24/05/2016 6.30 25/08/2015 End -3.78
25/11/2014 24/02/2016 6.40 28/05/2013 End +2.61
24/12/2012 24/11/2014 6.90
Expand Row Collapse Row PruFund Protected Growth (US Dollar) Fund (PIIB) 6.40 27/08/2019 Present 6.40 26/11/2018 End -3.14
25/05/2016 26/08/2019 6.60 27/11/2017 End +2.84
25/02/2016 24/05/2016 7.00 25/05/2017 End +3.03
25/11/2014 24/02/2016 7.20 27/02/2017 End +2.65
26/08/2014 24/11/2014 7.60 15/02/2016 Mid -8.25
27/05/2014 25/08/2014 7.50 27/05/2014 End +2.61
24/12/2012 26/05/2014 7.40 28/05/2013 End +2.85

Dollar ($)

PruFund Cautious (US Dollar) Fund (PIIB)
Expected Growth Rate (%) 5.80
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.80
25/05/2016 26/08/2019 6.00
25/02/2016 24/05/2016 6.30
25/11/2014 24/02/2016 6.40
24/12/2012 24/11/2014 6.90
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/11/2018 End -2.02
25/11/2015 End -2.53
25/08/2015 End -3.78
28/05/2013 End +2.61
PruFund Growth (US Dollar) Fund (PIIB)
Expected Growth Rate (%) 6.40
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 6.40
25/05/2016 26/08/2019 6.60
25/02/2016 24/05/2016 7.00
25/11/2014 24/02/2016 7.20
26/08/2014 24/11/2014 7.60
27/05/2014 25/08/2014 7.50
24/12/2012 26/05/2014 7.40
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/11/2018 End -3.14
27/11/2017 End +2.84
25/05/2017 End +3.03
27/02/2017 End +2.65
15/02/2016 Mid -8.25
27/05/2014 End +2.61
28/05/2013 End +2.85
PruFund Protected Cautious (US Dollar) Fund (PIIB)
Expected Growth Rate (%) 5.80
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 5.80
25/05/2016 26/08/2019 6.00
25/02/2016 24/05/2016 6.30
25/11/2014 24/02/2016 6.40
24/12/2012 24/11/2014 6.90
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/11/2018 End -2.02
25/11/2015 End -2.53
25/08/2015 End -3.78
28/05/2013 End +2.61
PruFund Protected Growth (US Dollar) Fund (PIIB)
Expected Growth Rate (%) 6.40
Historic Expected Growth Rate Expand All Collapse All
From To EGR (%)
27/08/2019 Present 6.40
25/05/2016 26/08/2019 6.60
25/02/2016 24/05/2016 7.00
25/11/2014 24/02/2016 7.20
26/08/2014 24/11/2014 7.60
27/05/2014 25/08/2014 7.50
24/12/2012 26/05/2014 7.40
Historic Unit Price Adjustments Expand All Collapse All
Date Type Of Adjustment UPA (%)
26/11/2018 End -3.14
27/11/2017 End +2.84
25/05/2017 End +3.03
27/02/2017 End +2.65
15/02/2016 Mid -8.25
27/05/2014 End +2.61
28/05/2013 End +2.85

Important information

Past performance is not an indicator of future performance. Remember that the value of an investment can go down as well as up, your client may not get back what they paid in.

Please note, PruFund Protected Funds are currently closed to new investments.

The Expected Growth Rates set at each quarter date may be higher, the same or lower than those applying at the start of the investment.

In addition, there may be times where the unit price may be adjusted which will impact any growth that clients may receive. The overall return achieved on any plan is affected by the amount of the investment, investment performance, the period over which the plan has been invested and the charges applicable to the plan. 

We may decide to reset the smoothed price of a PruFund fund on a particular day, to protect our With-Profits Fund.

If we decide to reset, the smoothed price of the affected fund would be adjusted to be the same value as the unsmoothed price on that working day. That adjusted smoothed price will then continue to grow in line with the Expected Growth Rate from the working day after this reset of the smoothed price. This is referred to as a Unit Price Reset in our literature.

There may be occasions where we have to suspend the smoothing process for one or more PruFund funds for a period of consecutive days, to protect our With-Profits Fund. When this happens the smoothed price for the affected fund(s) is set to the unsmoothed price for each day until we reinstate the smoothing process.

You should refer to Key Features or Terms & Conditions of your client's plan for more information on how the Expected Growth Rates work.

© Prudential 2019