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  • Investor type

    M&G Enhanced Income Fund Tax-free

    Latest Price

    -

    Who Should Invest

    This fund is ideal for investors looking for a low- to medium-risk actively managed income solution that provides a high income return, together with moderate capital growth, with all growth in the underlying investment fully exempt from any tax on interest, rental income, dividends or capital gains.

    Risk Profile

    Low-Medium Risk

    Investment Objective

    This fund aims to provide moderate capital growth and maximise total returns over a rolling 36-month period, while protecting capital and reducing volatility over the medium term.

    • Tax Free
    • Income & Growth
    • Medium Term

    Details

    Performance

    All returns quoted are T-Class after fees and charges

    Min Lump Sum

    Investor Class (T): R10 000

    Min Debit Order

    Investor Class (T): R500 pm

    ASISA category

    South African - Multi Asset - Income

    Benchmark

    STeFI Composite Index measured over a rolling 36-month period

    Regulation 28 Compliant

    Yes

    Inception date

    02 January 2015

    Prices

    Date Unit Price

    Fees

    Initial Fees (excl. VAT):

    No initial fees are charged

    Annual Management fees (excl.VAT):

    Tax-Free Class (T): 0.60%

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

    • Fund Return

    • Benchmark Return

    • Outperformance

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    Fund Management Approach

    This fund is actively managed to protect capital and reduce volatility, investing in a flexible mix of high-yielding securities across asset classes, with intended  maximum limits of: Cash: No limit; Bonds: No limit; Equity: 10%; Listed Property: 25%; Offshore: 20%; Africa: 5% (excl. SA).

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