Funds A-Z

Prudential Enhanced Income Fund (D)

Prudential Enhanced Income Fund (D)
South African--Multi Asset--Income
Fund Code: PEICD
Inception Date: 04 July 2011
Regulation 28 Compliant: Yes

Pricing and Rank Information
Latest price 18 November 2019 R 1.23
12 month sector rank74 / 85
12 month overall rank831 / 1265
12 month volatility2.58
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 0.16% 1.83% 1.99%
6 months 0.18% 3.76% 3.94%
1 year 0.23% 7.59% 7.82%
3 years 0.45% 24.18% 24.63%
5 years 2.36% 41.86% 44.22%
Fund fee and expense information
Fees
Management company annual fee2 0.57%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 30 September 2019 0.61%
Less management company rebate 0.00%
Total Fund Expense 0.61%
Assets under management
Latest total assetsR 2,043.86m
Assets as at 30 September 2019 R 1,970.44m
Previous quarterR 2,183.28m
MoveR -212.85m
Income declaration and payment
Declaration30 September 2014
PaymentR 0.0178

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 1641.57m (83.31%)  
Foreign Bonds R 206.50m (10.48%)
Domestic Cash R 0.39m (0.02%)  
Foreign Cash R 57.73m (2.93%)
Domestic Equity R 0.00m (0%)  
Foreign Equity R 0.00m (0%)
Domestic Property R 64.24m (3.26%)  
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 Corporate Bond Fund 19.21% Prudential Corporate Bond Fund 19.97% Prudential Corporate Bond Fund 20.01%
Foreign - Bonds 8.12% Foreign - Bonds 6.94% Foreign - Bonds 4.88%
Cash on call 3.60% Cash on call 3.41% Prudential High Interest Fund 4.47%
Prudential High Interest Fund 3.45% Prudential High Interest Fund 2.82% Bond Exchange of South Africa 2.48%
USA - Currency 2.93% Bond Exchange of South Africa 2.49% Bond Exchange of South Africa 2.36%
Bond Exchange of South Africa 2.75% Bond Exchange of South Africa 2.46% Bond Exchange of South Africa 2.19%
Prudential Income Fund 2.52% Prudential Income Fund 2.23% Bond Exchange of South Africa 2.18%
Bond Exchange of South Africa 2.43% Bond Exchange of South Africa 2.21% Prudential Income Fund 2.18%
Bond Exchange of South Africa 2.40% Bond Exchange of South Africa 2.18% Bond Exchange of South Africa 2.16%
Bond Exchange of South Africa 2.40% Bond Exchange of South Africa 2.17% Bond Exchange of South Africa 2.12%
Total 49.81% Total 46.88% Total 45.03%

Fund Manager(s)

David Knee

Roshen Harry

Fund Overview
Objective
The Prudential Enhanced Income Fund is a varied specialist fixed income portfolio. The objective of the Prudential Enhanced Income Fund is to maximise total returns in excess of the benchmark, the BEASSA ALBI 1-3 year Total Return index, over a rolling 36-month period, whilst seeking to preserve capital and reduce volatility through active asset management. In order to achieve the portfolio's investment objectives, the securities to be acquired for the Prudential Enhanced Income Fund will consist of a mix of high yielding securities, including equity, listed property instruments, bonds, preference shares and assets in liquid form, both locally and abroad, thereby generating both tax free and taxable income, whilst preserving capital. The portfolio may include non-equity securities where the instrument or issuer has been assigned a rating or any other form of measurement approved in terms of prevailing statutory limitations. The Portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes registered in the Republic of South Africa, or of participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes operated in territories other than South Africa, with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide investors protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective. The use of derivative strategies may be pursued and will only be limited by the prevailing statutory limitations placed on the inclusion of such financial instruments in the portfolio. Nothing in this supplemental deed shall preclude the Manager from varying the ratios of securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange as defined in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed; provided that the Manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act. No direct physical property holding will be made by the portfolio. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to manage the portfolio in accordance with its mandate. The manager may, once the portfolio has been closed, open the portfolio again to new investors on a date determined by the manager. The portfolio will comply with regulations controlling retirement funds or such other applicable legislation as may be determined for retirement funds. The portfolio investment in listed equity instruments will be limited to 10% of the total portfolio value, The trustees will ensure that the portfolio meets the investment policy requirements as stated in the supplemental trust deed.
Benchmark
SteFI Composite Index