The Prudential Income Fund distributed 7 cpu in September. The fund's offshore exposure is maximised at 25%, in line with Prudential Guidelines so as to take advantage of high yields currently offered by first world mega cap companies. With dividend yields well above historic averages, equity valuations in these markets are presenting investors with a significant opportunity to invest in some of the biggest and most respected companies in the world at attractive prices. Domestic equities exposure remains relatively low at 35% with emphasis given to companies operating in defensive industries. The inflation linked bonds included in the fund are likely to continue serving investors well with inflation remaining near the upper end of the reserve bank's target band. This asset class behaves in a similar fashion to equities, however risks related to income growth are reduced as the government guarantees both capital and income growth at the rate of inflation. The portfolio also has a small exposure to preference shares which provides a high level of tax efficient income. One of the major benefits of the fund's prudential mandate is the ability to hold a diverse portfolio throughout all the asset classes and hence the ability to take advantage of value opportunities as they present themselves.

The Marriott Prudential Income Fund of Funds will change it's name to Marriott Prudential Fund of Funds, effective from 01 October 2012

The Prudential Income Fund distributed 7 cpu in June. The fund's offshore exposure is maximised at 25%, in line with Prudential Guidelines so as to take advantage of high yields currently offered by first world mega cap companies. These companies are listed on markets which provide a high level of governance and have exposure to both advanced and emerging markets enabling them to produce reliable and growing dividends for investors. Domestic equities are weighted at approximately 35%. Emphasis has been given to Rand hedge stocks and consumer necessity manufactures and retailers. The inflation linked bonds included in the fund are likely to continue serving investors well with inflation in the region of 6%. This asset class behaves in a similar fashion to equities, however risks related to income growth are reduced as the government guarantees both capital and income growth at the rate of inflation. The portfolio also has a small exposure to preference shares which provides a high level of tax efficient income. One of the major benefits of the fund's prudential mandate is the ability to hold a diverse portfolio throughout all the asset classes and hence the ability to take advantage of value opportunities as they present themselves.

The Prudential Income Fund distributed 7 cpu in March. The fund's offshore exposure is maximised at 25%, in line with Prudential Guidelines so as to take advantage of high yields currently offered by First World Mega cap companies. These companies are listed on markets which provide a high level of governance and have exposure to both advanced and emerging markets enabling them to produce reliable dividends for investors. Domestic equities are weighted at 36%. Inflationary pressures have increased locally and as a result the Prudential Income Fund continues to hold inflation linked bonds. These behave in a similar fashion to equities, however risks related to income growth are reduced as the government guarantees both capital and income growth at the rate of inflation. The portfolio also has a small exposure to preference shares. One of the major benefits of the fund's prudential mandate is the ability to hold a diverse portfolio throughout all the asset classes and hence the ability to take advantage of value opportunities as they present themselves.

The Prudential Income Fund distributed 7 cpu in December. The fund's offshore exposure is maximised at 25%, in line with Prudential Guidelines so as to take advantage of high yields currently offered by First World Mega cap companies. These companies are listed on markets, which provide a high level of governance and have exposure to both advanced and emerging markets enabling them to produce reliable dividends for investors. Domestic equities are weighted at 34%. Inflationary pressures have increased both locally and internationally and as a result the Prudential Income Fund continues to hold inflation-linked bonds. These behave in a similar fashion to equities, however risks related to income growth are reduced as the government guarantees both capital and income growth at the rate of inflation. The portfolio also has a small exposure to preference shares. One of the major benefits of the fund's prudential mandate is the ability to hold a diverse portfolio throughout all the asset classes and hence the ability to take advantage of value opportunities as they present themselves.