Funds A-Z

Prudential Dividend Maximiser Fund (B)

Prudential Dividend Maximiser Fund (B)
South African--Equity--General
Fund Code: PDMB
Inception Date: 12 January 2007
Regulation 28 Compliant: No

Pricing and Rank Information
Latest price 18 November 2019 R 12.76
12 month sector rank119 / 169
12 month overall rank1082 / 1265
12 month volatility10.67
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 6.96% 0.00% 6.96%
6 months 0.23% 0.83% 1.06%
1 year 4.70% 1.91% 6.61%
3 years 12.00% 5.19% 17.19%
5 years 18.73% 7.99% 26.72%
Fund fee and expense information
Fees
Management company annual fee2 0.98%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 30 September 2019 1.63%
Less management company rebate 0.00%
Total Fund Expense 1.63%
Assets under management
Latest total assetsR 4,075.30m
Assets as at 30 September 2019 R 4,047.69m
Previous quarterR 4,280.75m
MoveR -233.06m
Income declaration and payment
Declaration30 June 2014
PaymentR 0.0615

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 0.00m (0%)  
Foreign Bonds R 0.00m (0%)
Domestic Cash R 26.31m (0.65%)  
Foreign Cash R 5.26m (0.13%)
Domestic Equity R 2545.59m (62.89%)  
Foreign Equity R 1470.52m (36.33%)
Domestic Property R 0.00m (0%)  
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 Global Equity Fund 14.37% Prudential Global Equity Fund 12.75% Prudential Global Equity Fund 12.04%
M&G Global Dividend Fund 7.64% Naspers Ltd. 8.81% Naspers Ltd. 8.11%
Naspers Ltd. 6.00% M&G Global Dividend Fund 6.86% M&G Global Dividend Fund 6.57%
British American Tobacco plc 5.63% Anglo American plc 5.62% British American Tobacco plc 6.45%
Anglo American plc 5.24% British American Tobacco plc 5.47% Anglo American plc 5.95%
Standard Bank Group Ltd. 4.26% Standard Bank Group Ltd. 4.65% Sasol Ltd. 4.98%
Sanlam Global Financial Fund 4.01% Sasol Ltd. 4.11% Standard Bank Group Ltd. 4.00%
Vulcan Value Equity Fund 3.89% Sanlam Global Financial Fund 3.67% Sanlam Global Financial Fund 3.82%
Prudential Africa Equity Fund 3.54% Vulcan Value Equity Fund 3.32% BHP Group plc 3.26%
Sasol Ltd. 3.07% Absa Group Ltd. 3.17% Vulcan Value Equity Fund 3.07%
Total 57.65% Total 58.43% Total 58.25%

Fund Manager(s)

Ross Biggs

Rehana Khan

Fund Overview
Objective
The fund aims to achieve a dividend yield better than that of the market and to grow capital and dividends in line with the market. The Fund invests in JSE listed companies that meet the portfolio manager's primary criteria of high but sustainable dividend yields. The Fund also seeks out ''value situations'' by investing in shares with low relative PE ratios as well as shares that are trading at a discount to their intrinsic value. The intended maximum limits are Equity 100%, Listed Property 10%, Offshore 25%, plus additional 5% Africa (excl. SA). Who should Invest? Individuals with a medium-to-high risk tolerance, looking for a combination of high dividend yield and capital appreciation with an aggressive tilt towards value-type shares. The recommended investment horizon is 7 years or longer.
Benchmark
ASISA South African - Equity - General Category Mean