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-0.06  /  -0.05%


NAV on 2019/05/17
NAV on 2019/05/16 122.39
52 week high on 2019/03/29 122.72
52 week low on 2019/01/08 120.05
Total Expense Ratio on 0
Total Expense Ratio (performance fee) on 0
NAV Incl Dividends
1 month change 0.49% 0.49%
3 month change 0.72% 2.11%
6 month change 0% 0%
1 year change 0% 0%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Derivatives 8.82 0.40%
Financials 102.87 4.72%
Fixed Interest 581.08 26.66%
Gilts 1255.17 57.58%
Liquid Assets 8.59 0.39%
Money Market 1.44 0.07%
Offshore 221.94 10.18%
  • Top five holdings
U-PRUCOB 436.18 20.01%
U-PRUHGIN 97.34 4.47%
U-PRUDINC 47.56 2.18%
ISFLOATBND 44.39 2.04%
 HYPROP 32.93 1.51%
  • Performance against peers
  • Fund data  
Management company:
Prudential Portfolio Managers Unit Trusts Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Income
SteFI Composite Index
Contact details




  • Fund management  
David Knee
David joined Prudential Portfolio Managers SA, as Head of Fixed Income in January 2009.  Prior to Prudential, he was the senior fixed interest portfolio manager in the London office of M&G Investments.  David worked at Prudential in South Africa in 1999 and 2000, and was responsible for establishing our current fixed interest process. Before joining M&G, David worked for Hill Samuel Asset Management as a fixed income fund manager, managing both life and pension funds for a variety of clients. David graduated from the London School of Economics with a BSc in Economics and from Birkbeck College with an MSc in Economics. He is an Associate of the Institute of Investment Management and Research.
Roshen Harry
Roshen Harry is a Portfolio Manager at Prudential Investment Managers, with 10 years’ experience. Having joined the group in May 2006, he is co-Portfolio Manager of Prudential’s Enhanced Income Fund, High Interest Fund and Money Market Fund.

  • Fund manager's comment

Prudential Enhanced Income comment - Dec 15

2016/03/15 00:00:00
The FTSE/JSE All Share (ALSI) declined 1.7% on a total return basis in December 2015. The All Bond Index declined 6.7% and the Inflation- Linked Bond Index declined 1.8%. The SA Listed Property Index declined 6.1% for the month. Cash returned 0.5%.
The Rand weakened 6.9% against the US Dollar and 9.5% against the Euro in December 2015. The MSCI World index declined 1.7% on a total return basis in US Dollar terms for the month.
The Fund realised a total return of -2.1% for the month. The key detractors from performance this month came from the Fund's positions in SA bonds (excluding inflation-linked bonds). This brings the one year performance of the Fund to 4.0% (after fees).
The Fund has delivered a return of 8.4% per annum since inception while cash has delivered a return of 6.0% per annum.
  • Fund focus and 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.
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