Prudential 5% Target Income Fund
 

Prudential 5% Target Income Fund

Who Should Invest

This solution is ideal for income drawing investors who want to invest their post-retirement or discretionary savings in an all-in-one solution that aims to earn 5% income per year. Subject to this level of income return being achieved, investors will also want their capital to grow over time. Given the relatively high level of targeted income return, there’s an appreciable possibility that the real value of capital after targeted income drawdowns will not be maintained over the long term.

  • INCOME
  • MEDIUM RISK
  • MEDIUM TERM

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RISK PROFILE

Medium-High Risk

LATEST PRICE

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  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

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Details

ASISA Category

Unclassified given its unique investment objective

Fund managers

Michael Moyle, David Knee and Johny Lambridis

Inception date

2 April 2019

Min Lump Sum

Investor Class (A): R10 000

Min Debit Order

Investor Class (A): n/a

Prices

DATE UNIT PRICE

Fees

Initial Fees (excl. VAT):

No initial fees charged

Annual Management Fees (excl.VAT): 

Investor Class (A): 1.00%

Additional underlying foreign fund fees are dependent on the fund and are included in the TER