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  • Investor type

    M&G High Interest Fund

    Latest Price

    -

    Who Should Invest

    This fund is capped to new retail investment. This fund is ideal for investors requiring a higher yield than that from a money market or current account, without taking on unnecessary risk - capital stability and a high income yield are more important than long-term capital growth. The recommended investment time horizon is three to 12 months, but could be longer depending on the investor’s income needs and risk profile.

    Risk Profile

    Low Risk

    Investment Objective

    This funds aims to maximise its level of income above money market and current account yields, while providing maximum capital stability and a high degree of liquidity. Its goal is to outperform its benchmark, the STeFI Composite Index, over rolling 12-month periods.

    • Income
    • Low Risk
    • Short Term

    Details

    Performance

    All returns quoted are A-Class after fees and charges

    ASISA category

    South African - Interest Bearing - Short Term

    Benchmark

    STeFI Composite Index measured over a rolling 12-month period

    Regulation 28 Compliant

    Yes

    Inception date

    08 December 2010

    Income declaration

    Accrued daily, distributed monthly

    Prices

    Date Unit Price

    Fees

    Initial Fees (excl. VAT):

    No initial fees are charged

    Annual Management fees (excl.VAT):

    Investor Class (A): 0.55%

    • Fund Return

    • Benchmark Return

    • Outperformance

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    Fund Management Approach

    This Fund invests in a flexible mix of non-equity securities in order to outperform its benchmark over a 12-month period. This actively managed fund invests in slightly longer duration instruments
    than money market funds. Its maximum weighted average duration is 180 days and the maximum duration of any one instrument is 36 months. The Fund is Regulation 28 compliant.

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