Prudential 2.5% Target Income Fund

LATEST PRICE

-

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 2.5% income per year. Subject to this level of income return being achieved, investors will also want their capital to grow over time. Given the level of targeted income return, it’s likely that the real value of capital after targeted income drawdowns will grow over the long term.

RISK PROFILE

Medium-High Risk

Investment Objective

The primary objective of the fund is to target an annual income return of 2.5%, with a secondary objective of growing capital invested. While this level of annual income return is targeted, the actual annual income return may vary.

  • INCOME
  • MEDIUM RISK
  • MEDIUM TERM

Details

ASISA Category

Unclassified given its unique investment objective

Fund managers

Michael Moyle, David Knee, Johny Lambridis, Sandile Malinga and Leonard Krüger

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): 1.15%

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

  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

Invest Now

Fund Management Approach

The fund invests in a very flexible mix of local and offshore equity, bonds, property and cash. The fund can also invest in financial instruments and other collective investment schemes. The fund is not managed to conform to the regulations governing retirement fund investments (Regulation 28). The fund is not limited in its deed in terms of allocation to asset classes, currencies or geographies.

FUND MANAGERS

Our Tools

View all

What would your investment have been worth had you invested earlier?

Find out with our Past Performance Tool

PAST PERFORMANCE TOOL

Not sure which fund is right for you?

Our Fund Picker will help you find the fund that best matches your investment goals.

Fund Picker

Select Another Fund