Prudential Income Fund

LATEST PRICE

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Who Should Invest

This fund is ideal for investors who are looking to maximise their income return over the short-to-medium term without assuming too much risk of capital loss. The recommended investment horizon is 1-2 years, or longer depending on income needs and risk profile.The Fund is managed to comply with regulations governing retirement fund investments (Regulation 28).

RISK PROFILE

Low Risk

Investment Objective

This funds aims to maximise income while providing investors with relative capital stability. This is achieved by investing in a diversified portfolio of non-equity securities in the South African market.

  • INCOME
  • LOW RISK
  • SHORT TERM

Details

ASISA Category

South African - Interest Bearing- Short Term

Benchmark

STeFI Composite Index measured over a rolling 12-month period

Regulation 28 Compliant

Yes

Fund Managers

Roshen Harry and Sandile Malinga

Inception Date

6 December 2016

Min Lump Sum

Investor Class (A): R10 000

Min Debit Order

Investor Class (A): R500 pm

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): 0.50%

  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

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Fund Management Approach

This fund invests in a flexible mix of non-equity securities in the South African market. It is suitable for short-to-medium term investors looking for an actively managed interest-bearing fund. Compared to traditional money market and enhanced cash funds, the fund can have a longer weighted average duration (maximum 24 months) with no limit on the maximum maturity period for any one instrument. 

FUND MANAGERS

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