Prudential 7% Target Income Fund
 

Prudential 7% Target Income Fund

Who Should Invest

Income drawing investors who want to invest their post-retirement or discretionary savings in an all-in-one solution that aims to earn 7% income per year. Subject to this level of income return being achieved, investors will also want their capital to grow over time. Given the very high level of targeted income return, it is most likely that the real value of capital after targeted income drawdowns will be eroded over the long term.

  • INCOME
  • MEDIUM RISK
  • MEDIUM TERM

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RISK PROFILE

Low-Medium Risk

LATEST PRICE

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  • FUND RETURN

  • BENCHMARK RETURN

  • OUTPERFORMANCE

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Details

ASISA Category

Unclassified given its unique investment objective

Fund managers

Michael Moyle, David Knee and Johny Lambridis

Inception date

2 April 2019

Min Lump Sum

Investor Class (A): R100 000

Min Debit Order

Investor Class (A): n/a

Prices

DATE UNIT PRICE

Fees

Initial Fees (excl. VAT):

No initial fees charged

Annual Management Fees (excl.VAT): 

Investor Class (A): 0.85%

Additional underlying foreign fund fees are dependent on the fund and are included in the TER

Financial Adviser Service Fee*

Investor Class (A): 0.00%

* Included in Prudential's annual management fee above