Marriott Fund Research Tool


Technical Details

Formation Date (A)	6 Dec 2016
Fund Size (ZAR)	351 306 124
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	PIFCA
ISIN (A)	ZAE000234837
Pricing	Daily
Number of unitholders	0
ASISA Category	SA-Interest Bearing-Short Term
Benchmark	STeFI Composite Index measured over a rolling 12-month period
Income Distributions	-
Income Payment	-
Trustee	Standard Bank of SA Ltd.
Management Company	M&G Unit Trust South Africa Ltd.
Fund Management	Roshen Harry, Sandile Malinga
Minimum Investment	R20 000
Minimum Top-Up	-
Minimum Monthly	R1 000
Risk Rating	Low-Medium


Technical Details

Formation Date (A)	6 Dec 2016
Fund Size (ZAR)	351 306 124
Domicile	South Africa
Reporting Currency	ZAR
JSE Code (A)	PIFCA
ISIN (A)	ZAE000234837
Pricing	Daily
Number of unitholders	0
ASISA Category	SA-Interest Bearing-Short Term
Benchmark	STeFI Composite Index measured over a rolling 12-month period
Income Distributions	-
Income Payment	-
Trustee	Standard Bank of SA Ltd.
Management Company	M&G Unit Trust South Africa Ltd.
Fund Management	Roshen Harry, Sandile Malinga
Minimum Investment	R20 000
Minimum Top-Up	-
Minimum Monthly	R1 000
Risk Rating	Low-Medium

Fund Objective

The Fund invests in a flexible mix of non-equity securities in the South African market. It is suitable for short-to-medium term investors looking for an actively managed interest-bearing fund. Compared to traditional money market and enhanced cash funds, the Fund can have a longer weighted average duration (maximum 24 months) with no limit on the maximum maturity period for any one instrument. The Fund is managed to comply with regulations governing retirement fund investments (Regulation 28).

Fund Objective

The Fund invests in a flexible mix of non-equity securities in the South African market. It is suitable for short-to-medium term investors looking for an actively managed interest-bearing fund. Compared to traditional money market and enhanced cash funds, the Fund can have a longer weighted average duration (maximum 24 months) with no limit on the maximum maturity period for any one instrument. The Fund is managed to comply with regulations governing retirement fund investments (Regulation 28).


Management

Roshen Harry (B.Com., PGDA, CA(SA), CFA) 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. Sandile Malinga (BSc (Mathematical Statistics and Actuarial Science)) Sandile joined our fixed interest team in November 2013. He has joint portfolio management responsibility for our Prudential High Interest Fund, and provides analytical and econometric support to our fixed interest investment process. Sandile also has some fixed interest and derivative dealing responsibilities.


Management

Roshen Harry (B.Com., PGDA, CA(SA), CFA) 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. Sandile Malinga (BSc (Mathematical Statistics and Actuarial Science)) Sandile joined our fixed interest team in November 2013. He has joint portfolio management responsibility for our Prudential High Interest Fund, and provides analytical and econometric support to our fixed interest investment process. Sandile also has some fixed interest and derivative dealing responsibilities.


Fees and Costs - Class A

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	0.575%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/09)	0.61%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.00%
Total TER	0.61%


Fees and Costs - Class A

Initial Fee	0.00%
Advisor Initial Fee	n/a
Annual Management Fee	0.575%
Performance Fee	-
Advisor Annual Fee	n/a
Trailer Fee	-
Exit Fee	-
TER (30/09)	0.61%
TER Performance Fee	0.00%
Transaction Costs Ratio	0.00%
Total TER	0.61%


Statutory Data

Management Company	M&G Unit Trust South Africa Ltd.
Registration Number	1999/05242/06
Directors	Winston Africa, Bernard Fick (Chairman), Bruce Grater (Independent Non-Executive Director), Pieter Hugo (Managing Director), John Kinsley (Non-Executive Director), John Wallace (Independent Non-Executive Director)
Trustee	Standard Bank of SA Ltd.
Auditors	KPMG
Sponsors	-
Advisors	-
Physical Address	7th Floor, Protea Place 40 Dreyer Street Claremont 7708
Postal Address	PO Box 23167 Claremont 7735
Telephone	021-670-5100
Tollfree	0860-105-775
Fax	021-683-7156
Email	info@prudential.co.za
Website	http://www.prudential.co.za


Statutory Data

Management Company	M&G Unit Trust South Africa Ltd.
Registration Number	1999/05242/06
Directors	Winston Africa, Bernard Fick (Chairman), Bruce Grater (Independent Non-Executive Director), Pieter Hugo (Managing Director), John Kinsley (Non-Executive Director), John Wallace (Independent Non-Executive Director)
Trustee	Standard Bank of SA Ltd.
Auditors	KPMG
Sponsors	-
Advisors	-
Physical Address	7th Floor, Protea Place 40 Dreyer Street Claremont 7708
Postal Address	PO Box 23167 Claremont 7735
Telephone	021-670-5100
Tollfree	0860-105-775
Fax	021-683-7156
Email	info@prudential.co.za
Website	http://www.prudential.co.za

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