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 18 November 2019 R 3.83
12 month sector rank132 / 148
12 month overall rank1033 / 1265
12 month volatility5.53
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 3.07% 0.00% 3.07%
6 months 0.29% 1.71% 2.00%
1 year 2.80% 3.72% 6.52%
3 years 3.34% 10.81% 14.15%
5 years 12.41% 19.82% 32.23%
Fund fee and expense information
Fees
Management company annual fee2 0.69%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 30 September 2019 0.93%
Less management company rebate 0.00%
Total Fund Expense 0.93%
Assets under management
Latest total assetsR 30,088.52m
Assets as at 30 September 2019 R 30,617.99m
Previous quarterR 32,536.16m
MoveR -1,918.17m
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 30 September 2019
Domestic Bonds R 11802.72m (38.55%)  
Foreign Bonds R 0.00m (0%)
Domestic Cash R 452.86m (1.48%)  
Foreign Cash R -3.27m (-0.01%)
Domestic Equity R 6520.21m (21.3%)  
Foreign Equity R 8157.50m (26.64%)
Domestic Property R 3687.97m (12.05%)  
Foreign Property R 0.00m (0%)

Top Holdings Top Holdings Top Holdings
As at end September 2019 As at end June 2019 As at end March 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Prudential Worldwide Real Return Fund 17.03% Prudential Worldwide Real Return Fund 17.46% Prudential Worldwide Real Return Fund 17.77%
Prudential Corporate Bond Fund 8.16% Prudential Corporate Bond Fund 9.49% Prudential Corporate Bond Fund 9.02%
Prudential Worldwide Strategic Real Return Fund 6.96% Prudential Worldwide Strategic Real Return Fund 6.47% Prudential Worldwide Strategic Real Return Fund 6.50%
Bond Exchange of South Africa 5.06% Bond Exchange of South Africa 5.26% Bond Exchange of South Africa 5.36%
Money Market - 3 months duration 2.46% Naspers Ltd. 2.96% Naspers Ltd. 2.88%
Bond Exchange of South Africa 2.45% Bond Exchange of South Africa 2.31% Bond Exchange of South Africa 2.21%
Naspers Ltd. 2.22% Bond Derivative 2.30% Growthpoint Properties Ltd. 2.10%
Bond Exchange of South Africa 2.03% Money Market - 6 months duration 2.27% Bond Exchange of South Africa 2.01%
Bond Exchange of South Africa 1.99% Bond Exchange of South Africa 2.02% Bond Exchange of South Africa 1.97%
Growthpoint Properties Ltd. 1.89% Growthpoint Properties Ltd. 1.96% Bond Exchange of South Africa 1.93%
Total 50.25% Total 52.50% Total 51.75%

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