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0.25  /  0.09%


NAV on 2020/02/14
NAV on 2020/02/13 284.34
52 week high on 2019/12/18 286.74
52 week low on 2019/02/18 273.63
Total Expense Ratio on 2017/03/31 0.6
Total Expense Ratio (performance fee) on 2017/03/31 0
NAV Incl Dividends
1 month change 0.45% 0.45%
3 month change -0.06% 1.72%
6 month change 2.5% 4.32%
1 year change 4.12% 7.76%
5 year change 2.9% 6.38%
10 year change 6.64% 10.07%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 72.40 3.58%
Consumer Goods 64.53 3.19%
Consumer Services 24.79 1.22%
Derivatives -13.24 -0.65%
Financials 271.26 13.40%
Fixed Interest 217.21 10.73%
Gilts 155.93 7.71%
Health Care 1.67 0.08%
Industrials 7.45 0.37%
Liquid Assets 18.07 0.89%
Money Market 0.06 0.00%
Other Sec 7.45 0.37%
Technology 63.59 3.14%
Telecommunications 15.03 0.74%
Offshore 1118.10 55.23%
  • Top five holdings
O-PRUWWRR 514.82 25.43%
U-PRNAMMM 217.21 10.73%
VUKILE-NSX 75.40 3.72%
 NASPERS-N 36.54 1.81%
  • Performance against peers
  • Fund data  
Management company:
Prudential Portfolio Managers Unit Trusts Ltd.
Formation date:
ISIN code:
Short name:
Low - Medium
Namibian CPI+4%
Contact details




  • Fund management  
Prudential Portolio Managers

Michael Moyle
Michael is Head of Real Return at Prudential Investment Managers, with 19 years’ experience. He is co-Portfolio Manager of four Prudential unit trust funds, and has won several Raging Bull & Morningstar Awards. Michael is primarily responsible for helping determine asset allocation in our multi-asset funds and institutional mandates.

  • Fund manager's comment

Prudential Namibia Inflation Plus comment - Sep 19

2019/10/25 00:00:00
The FTSE/JSE All Share Index (ALSI) returned 0.2% on a total return basis in September 2019. The All Bond Index returned 0.5%. Cash returned 0.6%.
The NSX Overall Index returned 4.9% and the NSX Local Index returned 6.5% on a total return basis in September. Over a 12-month period the NSX Overall Index returned 0.5% versus 5.5% for the Local Index. The IJG All Bond Index returned 0.4% in September and 15.7% over 12 months. The IJG Money Market Index increased by 0.6% in September and by 7.6% over 12 months.
The Namibian dollar strengthened 1.1% against the euro and 0.1% against the US dollar, but weakened 1.1% against the pound sterling in September 2019.
The fund realised a total return of 1.2% for the month. Contributing to absolute performance was the fund’s exposure to international and Namibian equities (excluding property). This brings the one-year performance of the fund to 6.2% (after fees).
The fund delivered a return of 11.0% per annum since inception (after fees) whilst the NCPI inflation index has increased by 5.5% per annum over the same period.
  • Fund focus and objective  
The Prudential Namibian Inflation Plus Fund aims to produce above inflation (or real) returns by investing in inflation linked bonds, other interest bearing securities and equities.
The fund will target a benchmark return of Namibian Headline Inflation plus 4% over a rolling three year period (before fees).
Who should invest?
The Fund is ideal for those saving for retirement, those already living off a pension and those wanting to protect their savings from the detrimental effects of inflation, thereby preserve purchasing power and earn a real return.
Key attributes of the Fund
The Fund aims to achieve real returns (returns above inflation). Returns of the Fund are measured against inflation, not the competition allowing the manager to focus on reducing risk in achieving this target return.
As the Fund targets real returns, the uncertainty of inflation is removed from retirement planning. The real return mandate of the fund is therefore focused and pertinent and the relevant results are easily monitored.
The Fund is backed by Prudential's extensive global expertise and depth of resources.

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