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 08 July 2020 R 12.10
12 month sector rank52 / 175
12 month overall rank1031 / 1315
12 month volatility24.20
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months 13.19% 1.26% 14.45%
6 months -6.49% 1.04% -5.45%
1 year -4.44% 2.30% -2.14%
3 years 2.98% 6.07% 9.05%
5 years 9.51% 9.02% 18.53%
Fund fee and expense information
Fees
Management company annual fee2 0.75%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 31 March 2020 1.70%
Less management company rebate 0.00%
Total Fund Expense 1.70%
Assets under management
Latest total assetsR 3,528.79m
Assets as at 31 March 2020 R 3,028.47m
Previous quarterR 4,052.12m
MoveR -1,023.65m
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 31 March 2020
Domestic Bonds R 0.00m (0%)  
Foreign Bonds R 0.00m (0%)
Domestic Cash R 21.50m (0.71%)  
Foreign Cash R 9.09m (0.3%)
Domestic Equity R 1896.13m (62.61%)  
Foreign Equity R 1101.76m (36.38%)
Domestic Property R 0.00m (0%)  
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 Global Equity Fund 14.48% Prudential Global Equity Fund 14.48% Prudential Global Equity Fund 14.37%
M&G Global Dividend Fund 9.60% M&G Global Dividend Fund 7.80% M&G Global Dividend Fund 7.64%
Naspers Ltd. 9.51% Naspers Ltd. 6.13% Naspers Ltd. 6.00%
British American Tobacco plc 6.86% British American Tobacco plc 5.63% British American Tobacco plc 5.63%
Anglo American plc 5.17% Anglo American plc 4.88% Anglo American plc 5.24%
Standard Bank Group Ltd. 3.84% Standard Bank Group Ltd. 4.42% Standard Bank Group Ltd. 4.26%
Prudential Africa Equity Fund 3.61% Denker Global Financial Fund 4.05% Denker Global Financial Fund 4.01%
Denker Global Financial Fund 3.33% Sasol Ltd. 3.62% Vulcan Value Equity Fund 3.89%
Textainer Group Holdings Ltd 3.07% Impala Platinum Holdings Ltd. 3.55% Prudential Africa Equity Fund 3.54%
Vulcan Value Equity Fund 2.46% Prudential Africa Equity Fund 3.47% Sasol Ltd. 3.07%
Total 61.93% Total 58.03% Total 57.65%

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