Prudential Dividend Maximiser Fund

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Who Should Invest

This fund is ideal for investors with a higher risk tolerance who are looking for out-performance of the average South African General Equity Fund without taking on greater risk of loss and have a preference for the fund’s bias towards investment in companies offering high but sustainable dividend yields. The recommended investment horizon is 7 years or longer.

RISK PROFILE

High Risk

Investment Objective

This fund aims to provide broad-based exposure to shares that offer value and medium- to long-term growth. The portfolio managers seek to invest in those companies where returns can be achieved from any or all of (a) growth in earnings, (b) growth in dividends and (c) a re-rating by the market of the company’s share price; however, the portfolio managers will have a bias towards investment in companies offering high but sustainable dividend yields.

  • TAX FREE
  • HIGH RISK
  • LONG-TERM GROWTH

Details

ASISA Category

South African - Equity - General

Benchmark

ASISA South African – Equity - General Category Mean

Fund Managers

Ross Biggs and Kaitlin Byrne

Inception Date

02 August 1999

Min Lump Sum

Investor Class (A): R10 000
Tax-Free Class (T): R10 000

Min Debit Order

Investor Class (A): R500 pm
Tax-Free Class (T): R500 pm

Income Distributions

Distributed bi-annually

Awards

Raging Bull and Morningstar/ Standard & Poor's

Prices

DATE UNIT PRICE

Fees

Initial Fees (excl. VAT):

No initial fees charged

Annual Management Fees (excl.VAT):

Prudential Minimum Base Fee
Investor Class (A): 1.00%
Tax-Free Class (T): 1.25%

Prudential Performance Fee Sharing Rate
Investor Class (A): 20.00%
Tax-Free Class (T): 0.00%

Prudential Maximum Total Fee
Investor Class (A): 2.25%
Tax-Free Class (T): 1.25%

  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

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Fund Management Approach

This fund invests in companies that meet the portfolio managers’ value criteria. The fund will have a bias towards investment in companies offering high but sustainable dividend yields. The fund is however not restricted from investing in opportunities that appear attractive on a total return basis, and will also seek out value by investing in companies offering earnings growth and/or possible market re-rating. The intended maximum limits are: Equity: 100%; Listed Property: 10%; Foreign: 30%; Africa (excl. SA): 5% 

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