Prudential Money Market Fund

LATEST YIELD

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Who Should Invest

This fund is recommended for risk-adverse investors wanting a short-term investment with protection from equity and bond market-type volatility, who need an inexpensive safe haven to house funds while earning above-inflation returns. The recommended investment horizon is one to 12 months.

RISK PROFILE

Low Risk

Investment Objective

This fund aims to provide income above short-term bank deposit rates while preserving capital and liquidity. The performance objective is to beat the benchmark STeFI Call Deposit Index, while protecting investors’ capital in an absolute sense.

  • INCOME
  • LOW RISK
  • SHORT TERM

Details

Performance

All returns quoted are A-Class after fees and charges

Min Lump Sum

Investor Class (A): R10 000

Min Debit Order

Investor Class (A): n/a

ASISA category

South African - Interest Bearing - Money Market

Benchmark

STeFI Call Deposit Index

Regulation 28 Compliant

Yes

Inception date

09 April 2002

Income declaration

Accrued daily, distributed monthly

Yield

DATE UNIT YIELD

Fees

Initial Fees (excl. VAT):

No initial fees are charged

Annual Management fees (excl.VAT):

Investor Class (A): 0.25%

  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

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Fund Management Approach

This fund invests in cash and a variety of other high-quality money market instruments with a maturity of less than 13 months. The fund is Regulation 28 compliant. 

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Prudential is becoming M&G Investments
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