Funds A-Z

Prudential Balanced Fund (B)

Prudential Balanced Fund (B)
South African--Multi Asset--High Equity
Fund Code: PRAB
Inception Date: 28 June 2002
Regulation 28 Compliant: Yes

Pricing and Rank Information
Latest price 08 July 2020 R 6.09
12 month sector rank171 / 202
12 month overall rank1034 / 1315
12 month volatility19.75
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months 9.63% 2.43% 12.06%
6 months -6.63% 2.08% -4.55%
1 year -6.68% 3.83% -2.85%
3 years -0.53% 11.70% 11.17%
5 years 4.96% 20.73% 25.69%
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 19,751.75m
Assets as at 31 March 2020 R 17,717.43m
Previous quarterR 22,296.58m
MoveR -4,579.15m
Income declaration and payment
Declaration30 June 2014
PaymentR 0.0853

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 4122.85m (23.27%)  
Foreign Bonds R 240.96m (1.36%)
Domestic Cash R -49.61m (-0.28%)  
Foreign Cash R 109.85m (0.62%)
Domestic Equity R 8463.62m (47.77%)  
Foreign Equity R 4354.94m (24.58%)
Domestic Property R 474.83m (2.68%)  
Foreign Property R 0.00m (0%)

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 Managed Fund 18.70% Prudential Worldwide Managed Fund 18.86% Prudential Worldwide Managed Fund 19.23%
Naspers Ltd. 7.97% Prudential Worldwide Strategic Managed Fund 6.91% Prudential Worldwide Strategic Managed Fund 7.21%
Prudential Worldwide Strategic Managed Fund 7.13% Naspers Ltd. 5.07% Bond Exchange of South Africa 5.19%
Prudential Corporate Bond Fund 5.07% Prudential Corporate Bond Fund 4.66% Naspers Ltd. 4.69%
British American Tobacco plc 4.43% Bond Exchange of South Africa 4.58% Prudential Corporate Bond Fund 4.24%
Anglo American plc 3.64% Prudential High Interest Fund 4.11% Standard Bank Group Ltd. 3.56%
Standard Bank Group Ltd. 3.02% British American Tobacco plc 3.48% British American Tobacco plc 3.38%
Bond Exchange of South Africa 2.81% Anglo American plc 3.42% Anglo American plc 3.34%
Bond Exchange of South Africa 2.55% Standard Bank Group Ltd. 3.34% Prudential High Interest Fund 3.06%
MTN Group Ltd. 2.50% Sasol Ltd. 2.67% MTN Group Ltd. 2.74%
Total 57.82% Total 57.10% Total 56.64%

Fund Manager(s)

David Knee

Michael Moyle

Johny Lambridis

Fund Overview
Objective
The Prudential Balanced Fund conforms to the regulations governing retirement fund investments. The fund aims to achieve steady growth of capital and income through global asset allocation and superior stock selection across all industry sectors. Who should invest? Those investors seeking a suitable vehicle for retirement provision and those investors wishing to tilt their portfolio to value with minimised risk exposure.
Benchmark
ASISA South African - Multi Asset - High Equity Category Average