Funds A-Z

Prudential Inflation Plus Fund (B)

Prudential Inflation Plus Fund (B)
South African--Multi Asset--Low Equity
Fund Code: PRCB
Inception Date: 28 June 2002
Regulation 28 Compliant: Yes

Pricing and Rank Information
Latest price 08 July 2020 R 3.47
12 month sector rank149 / 156
12 month overall rank1069 / 1315
12 month volatility15.88
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months 4.92% 2.20% 7.12%
6 months -8.02% 1.93% -6.09%
1 year -8.80% 3.65% -5.15%
3 years -6.19% 10.45% 4.26%
5 years -1.03% 18.31% 17.28%
Fund fee and expense information
Fees
Management company annual fee2 0.69%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 31 March 2020 0.93%
Less management company rebate 0.00%
Total Fund Expense 0.93%
Assets under management
Latest total assetsR 23,022.26m
Assets as at 31 March 2020 R 22,305.86m
Previous quarterR 28,159.65m
MoveR -5,853.79m
Income declaration and payment
Declaration31 December 2018
PaymentR 0.0677

Fees include VAT

  1. Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude management company initial fees. Income performances are based on interest and dividend distributions of the fund.
  2. Management company annual fees are included into price and distributions paid.


Price History

Asset Allocation as at 31 March 2020
Domestic Bonds R 9778.89m (43.84%)  
Foreign Bonds R 1204.52m (5.4%)
Domestic Cash R -100.38m (-0.45%)  
Foreign Cash R 368.05m (1.65%)
Domestic Equity R 5781.68m (25.92%)  
Foreign Equity R 3388.26m (15.19%)
Domestic Property R 1862.54m (8.35%)  
Foreign Property R 22.31m (0.1%)

Top Holdings Top Holdings Top Holdings
As at end March 2020 As at end December 2019 As at end September 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Prudential Worldwide Real Return Fund 14.56% Prudential Worldwide Real Return Fund 15.72% Prudential Worldwide Real Return Fund 17.03%
Prudential Corporate Bond Fund 7.07% Prudential Corporate Bond Fund 7.87% Prudential Corporate Bond Fund 8.16%
Prudential Worldwide Strategic Real Return Fund 7.06% Prudential Worldwide Strategic Real Return Fund 7.20% Prudential Worldwide Strategic Real Return Fund 6.96%
Bond Exchange of South Africa 4.91% Bond Exchange of South Africa 4.43% Bond Exchange of South Africa 5.06%
Naspers Ltd. 3.94% Bond Exchange of South Africa 2.66% Money Market - 3 months duration 2.46%
Bond Derivative 2.97% Naspers Ltd. 2.49% Bond Exchange of South Africa 2.45%
Money Market Instrument 2.91% Money Market - 6 months duration 2.24% Naspers Ltd. 2.22%
Bond Exchange of South Africa 2.83% Bond Exchange of South Africa 2.09% Bond Exchange of South Africa 2.03%
Bond Exchange of South Africa 2.59% NEPI Rockcastle plc 1.98% Bond Exchange of South Africa 1.99%
Bond Exchange of South Africa 2.56% Bond Exchange of South Africa 1.91% Growthpoint Properties Ltd. 1.89%
Total 51.40% Total 48.59% Total 50.25%

Fund Manager(s)

David Knee

Michael Moyle

Johny Lambridis

Fund Overview
Objective
The primary objective of this Fund is to outperform CPI by 5% (before fees) over a rolling 3-year period. The secondary objective is to reduce the risk of capital loss over any rolling 12-month period. The Fund invests in an actively managed, diversified combination of domestic and international assets where the asset allocation is tactically managed. The intended maximum limits are Equity 40%, Listed Property 25%, Offshore 25%, plus additional 5% Africa (excl. SA). The Fund is managed to comply with regulations governing retirement fund investments (Regulation 28). Who should Invest? Individuals looking for a low-to medium-risk multi-asset fund. Individuals and retirees who want to protect their investment from the detrimental effects of inflation over time. The recommended investment horizon is 3 years or longer.
Benchmark
CPI + 5% over a rolling 3 year period