Prudential High Interest Fund

LATEST PRICE

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Who Should Invest

This fund is capped to new retail investment. This fund is ideal for investors requiring a higher yield than that from a money market or current account, without taking on unnecessary risk - capital stability and a high income yield are more important than long-term capital growth. The recommended investment time horizon is three to 12 months, but could be longer depending on the investor’s income needs and risk profile.

RISK PROFILE

Low Risk

Investment Objective

This funds aims to maximise its level of income above money market and current account yields, while providing maximum capital stability and a high degree of liquidity. Its goal is to outperform its benchmark, the STeFI Composite Index, over rolling 12-month periods.

  • INCOME
  • LOW RISK
  • SHORT TERM

Details

Performance

All returns quoted are A-Class after fees and charges

ASISA category

South African - Interest Bearing - Short Term

Benchmark

STeFI Composite Index measured over a rolling 12-month period

Regulation 28 Compliant

Yes

Inception date

08 December 2010

Income declaration

Accrued daily, distributed monthly

Prices

DATE UNIT PRICE

Fees

Initial Fees (excl. VAT):

No initial fees are charged

Annual Management fees (excl.VAT):

Investor Class (A): 0.55%

  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

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Fund Management Approach

This Fund invests in a flexible mix of non-equity securities in order to outperform its benchmark over a 12-month period. This actively managed fund invests in slightly longer duration instruments
than money market funds. Its maximum weighted average duration is 180 days and the maximum duration of any one instrument is 36 months. The Fund is Regulation 28 compliant.

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