Prudential Global High Yield Bond Fund of Funds
MANAGEMENT Fund Manager's Comment
David Knee, BSc(Eco), MSc(Eco), ASIP
David joined Prudential Portfolio Managers SA, as Head of Fixed Income in January 2009. Prior to Prudential, he was the senior fixed interest portfolio manager in the London office of M-G Investments. David worked at Prudential in South Africa in 1999 and 2000, and was responsible for establishing our current fixed interest process. Before joining M-G, David worked for Hill Samuel Asset Management as a fixed income fund manager, managing both life and pension funds for a variety of clients. David graduated from the London School of Economics with a BSc in Economics and from Birkbeck College with an MSc in Economics. He is an Associate of the Institute of Investment Management and Research.
Michael Moyle, MSc (Eng); MBA; CFA
Michael is Head of Real Return at Prudential Investment Managers, with 19 years experience. He is co-Portfolio Manager of four Prudential unit trust funds, and has won several Raging Bull - Morningstar Awards. Michael is primarily responsible for helping determine asset allocation in our multi-asset funds and institutional mandates.
FUND OBJECTIVES AND FOCUS

The fund aims to maximise total return while generating a relatively high yield when compared to global bond markets. This is obtained through exposure to a selection of higher-yielding global corporate bonds. This specialist Fund invests in a blend of international unit trust funds, with underlying bond holdings diversified in terms of geography, currency, maturity and credit risk to ensure a high risk adjusted return. The Fund primarily invests in developed markets which provide a hedge against the Rand and emerging market risk. Who Should Invest? Individuals who require an ongoing high level of income from their investment capital combined with global diversification.


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WEBGRAPH
RANKING
SectorGlobal-Interest Bearing-Variable Term
SizeR440,684,742
Sector Rank: 2 out of 3
(lump sum over 3 years to 31 August 2018)
Overall Rank: 591 out of 740
(lump sum over 3 years to 31 October 2013)
R1000 invested on 31 August 2015 was worth R 1143 at 31 August 2018
( 4.54% annual compound return)
R100 per month since 31 August 2015 was worth R 3844 at 31 August 2018
( 4.22% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 NOV 2000 Holdings:6
Original Price:100 Pricing:Forward
Top Holdings on 31 October 2013
Share (Sector)No.Value% of Fund
PGBFUND (Bonds)24,433,312329,968,104 74.88 %
CASH (Cash on call)04,373,073 0.99 %
TOTAL R334,341,17775.87%

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