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-3.33  /  -0.89%


NAV on 2019/03/25
NAV on 2019/03/22 379.21
52 week high on 2018/09/04 393.25
52 week low on 2019/01/07 360.67
Total Expense Ratio on 2018/12/31 1.67
Total Expense Ratio (performance fee) on 2018/12/31 0
NAV Incl Dividends
1 month change 0.02% 0.02%
3 month change 2.61% 4.12%
6 month change -2.87% -1.44%
1 year change -0.23% 2.61%
5 year change 3.54% 6.17%
10 year change 6.96% 10.13%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 1826.92 5.65%
Consumer Goods 649.97 2.01%
Consumer Services 1481.87 4.58%
Derivatives 160.14 0.50%
Financials 6705.33 20.74%
Fixed Interest 3259.65 10.08%
Gilts 8987.12 27.79%
Health Care 53.41 0.17%
Industrials 429.32 1.33%
Liquid Assets 25.03 0.08%
Money Market 7.09 0.02%
Spec Equity 343.68 1.06%
Technology 32.74 0.10%
Telecommunications 302.54 0.94%
Offshore 8069.59 24.96%
  • Top five holdings
PRUWORLDRET 5641.59 17.45%
U-PRUCOB 2856.71 8.83%
PRUWRLDSTMANA 2047.15 6.33%
 GROWPNT 844.84 2.61%
 NASPERS-N 819.32 2.53%
  • Performance against peers
  • Fund data  
Management company:
Prudential Portfolio Managers Unit Trusts Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Low Equity
CPI + 5% over a rolling 3 year period
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.
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.
Johny Lambridis
Johny, a qualified actuary, has worked in the In vestment industry since 1997. He joined Prudential in 2013 as Portfolio Manager and Equity Analyst, focusing on Insurance and Financial Services companies.
Duncan Schwulst
With eleven years’ experience, Duncan is co-manager of two other Prudential funds. He is also responsible for equity analysis of the listed property companies and credit analysis of property company debt issuers.

  • Fund manager's comment

Prudential Inflation Plus 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 -1.2% for the month. The key detractors from performance this month came from the Fund's positions in SA bonds (including inflation-linked bonds). This brings the one year performance of the Fund to 8.7% (after fees).
The Fund has delivered a return of 13.7% per annum since inception (after fees) while CPI inflation has increased by 6.1% per annum.
  • Fund focus and objective  
The primary objective of this Fund is to outperform CPI by 5% (before fees) over a rolling 3-year period. The secondary objective is to reduce the risk of capital loss over any rolling 12-month period. The Fund invests in an actively managed, diversified combination of domestic and international assets where the asset allocation is tactically managed. The intended maximum limits are Equity 40%, Listed Property 25%, Offshore 25%, plus additional 5% Africa (excl. SA). The Fund is managed to comply with regulations governing retirement fund investments (Regulation 28).
Who should Invest?
Individuals looking for a low-to medium-risk multi-asset fund. Individuals and retirees who want to protect their investment from the detrimental effects of inflation over time. The recommended investment horizon is 3 years or longer.
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