M&A - PRUCO LIFE VARIABLE APPRECIABLE ACCOUNT
Form Type: 497
Filing Date: 2025-01-23
Corporate Action: Merger
Type: New
Accession Number: 000074087025000002
Filing Summary: On January 27, 2025, the AST Cohen & Steers Realty Portfolio (the merging Fund) will merge into the AST Large-Cap Equity Portfolio (the successor Fund). All assets in the merging Fund will automatically be transferred to the successor Fund. Consequently, the AST Large-Cap Equity Portfolio becomes an available investment option in the variable universal life insurance Contract. This merger will also lead to automatic updates in premium allocation, dollar cost averaging, auto-rebalancing, and allocated charges programs that included the merging Fund, which will replace all references to the AST Cohen & Steers Realty Portfolio. Additionally, the row for the merging Fund will be deleted in APPENDIX A: Funds Available Under the Contract, and pertinent replacement information regarding the successor Fund will be provided.
Additional details:
Type: fund_name
Value: AST Cohen & Steers Realty Portfolio
Type: merging_fund
Value: AST Large-Cap Equity Portfolio
Type: merger_date
Value: 2025-01-27
Type: fund_investment_managers
Value: PGIM Investments LLC; AST Investment Services, Inc.; ClearBridge Investments, LLC; Dimensional Fund Advisors, LP; J.P. Morgan Investment Management Inc.; PGIM Quantitative Solutions LLC
Type: current_expense_ratio
Value: 0.84%
Type: annual_return_1_year
Value: 23.10%
Type: annual_return_5_year
Value: 12.69%
Type: annual_return_10_year
Value: 10.27%
Form Type: 497VPU
Filing Date: 2025-01-23
Corporate Action: Merger
Type: Update
Accession Number: 000074087025000004
Filing Summary: This document serves as a supplement to the prospectuses for Variable Appreciable Life and Variable Life Insurance Contracts issued by Pruco Life Insurance Company. It updates certain information related to the merger of the AST Cohen & Steers Realty Portfolio into the AST Large-Cap Equity Portfolio, effective January 27, 2025. This merger will result in all assets from the merging fund being transferred to the successor fund, which will become an available investment option for clients. Consequently, all premium allocations, dollar cost averaging (DCA), auto-rebalancing, and allocated charges programs that include the merging fund will be automatically adjusted to reflect the transition to the successor fund. References to the merging fund will be removed from the relevant documentation.
Additional details:
Fund Name: AST Large-Cap Equity Portfolio
Merging Fund Name: AST Cohen & Steers Realty Portfolio
Successor Fund Name: AST Large-Cap Equity Portfolio
Effective Date: 2025-01-27
Expense Ratio: 0.84%
One Year Return: 23.10%
Five Year Return: 12.69%
Ten Year Return: 10.27%
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