PRULink Dynamic Income Fund
The investment objective of the Fund is to seek to provide investors with regular income and long-term capital growth by investing into the Underlying Fund which then invests:
- 30% to 70% of its assets in US Bonds (such as investment grade bonds, high yield bonds, government bonds and/or fixed income collective investment schemes, including but not limited to Eastspring Investments – US High Yield Bond Fund (the “US High Yield Bond”)); and
- 30% to 70% of its assets in Asian Bonds (such as investment grade bonds , high yield bonds , government bonds and/or fixed income collective investment schemes, including but not limited to Eastspring Investments – Asian Bond Fund (the “Asian Bond”)).
The Underlying Fund may in addition, at the Investment Manager’s absolute discretion, invest up to 20% of its assets in any other investments such as other fixed income or debt securities, dividend yielding equities, real estate investment trusts and/or collective schemes.
|Launch Date||6 July 20121|
|Manager of the Fund||Eastspring Investments (Singapore) Limited|
|Underlying Fund||Eastspring Investments Funds – Monthly Income Plan Class A|
|Investment Manager of the Underlying Fund||Eastspring Investments (Singapore) Limited|
|Benchmark||50% JP Morgan Asia Credit Index + 50% BofA Merill Lynch US High Yield Constrained Index hedged to Singapore dollar|
|Risk Classification of Investment-linked Insurance Products||Medium to High Risk|
|Subscription Method||Cash and Supplementary Retirement Scheme (SRS)|
|Initial Investment Charge||5%* of premium invested|
|Continuing Investment Charge||1.25% per annum**|
|Payout3 Frequency||Annually (31 Jan or the next calendar year)|
1 The PRULink Dynamic Income Fund is restructured as at 6 July 2012. Before the restructuring, it was PRULink Currency Income Fund, launched in January 2007.
* Please refer to the Product Summary for details of charges incurred on your insurance plan as charges may vary from product to product and may be lower than 5%.
** We reserve the right to vary the Continuing Investment Charge and may increase it up to a maximum of 2% per annum, but we will not do so before giving investors 6 months’ written notice.
Important Note: The PRULink Dynamic Income Fund is restructured as at 6 July 2012. Before the restructuring, it was PRULink Currency Income Fund, launched in January 2007.
|Declaration of Distribution for PRULink Dynamic Income Fund|
|Fund Name||Declaration||Dividend Rate|
|PRULink Dynamic Income Fund||31 January 2013||5 cents / unit|
|PRULink Dynamic Income Fund||29 November 2013||3 cents / unit|
|PRULink Dynamic Income Fund||31 January 2014||5 cents / unit|
|PRULink Dynamic Income Fund||30 January 2015||5 cents / unit|
|PRULink Dynamic Income Fund||29 January 2016||5 cents / unit|
|PRULink Dynamic Income Fund||31 January 2017||5 cents / unit|
|PRULink Dynamic Income Fund||31 January 2018||5 cents / unit|
|PRULink Dynamic Income Fund||31 January 2019||5 cents / unit|
|PRULink Dynamic Income Fund||31 January 2020||5 cents / unit|
|PRULink Dynamic Income Fund||1 February 2021||5 cents / unit|
|Declaration of Distribution for PRULink Currency Income Fund|
|We are pleased to inform you that the PRULink Currency Income Fund has declared an annual distribution of $0.05 for each unit held by customers in the Fund as at 31 May 2011. This is for the period between 1 June 2010 and 31 May 2011.|
|Fund Name||Declaration||Dividend Rate|
|PRULink Currency Income Fund||2 June 2008||11.25 cents / unit|
|PRULink Currency Income Fund||1 June 2009||5 cents / unit|
|PRULink Currency Income Fund||31 May 2010||5 cents / unit|
|PRULink Currency Income Fund||31 May 2011||5 cents / unit|
Distribution payments shall, at the sole discretion of the Manager and/or Prudential Singapore, be made out of either (a) income; or (b) net capital gains; or (c) capital of the Fund or a combination of (a), (b) and/or (c).
Distributions are at the sole discretion of the Manager and/or Prudential Singapore and there is no guarantee, assurance and/or certainty that any distribution will be made and if distributions are made, such distributions are not in any way a forecast, indication or projection of the future or likely performance or distribution of the Fund. The making of any distribution shall not be taken to imply that further distributions will be made. The Manager and/or Prudential Singapore may also vary the frequency and/or amount of the distributions made.
Investors should also note that the distributions of the Fund may, in the event that income and net capital gains are insufficient, or due to fluctuations in the exchange rates, be made out of the capital of the Fund. The exchange rates used will be determined solely at the discretion of the Manager and/or Prudential Singapore. When distributions are declared and paid out (including out of capital) with respect to the Fund, the net assets of the Fund will reduce by an amount equivalent to the distributions declared. This will be reflected as a reduction in the unit price.
Investments are subject to investment risks including the possible loss of the principal amount invested.
Past performances of the Fund, the Underlying Fund, Fund Manager and the Investment Manager are not necessarily indicative of future or likely performance of the Fund, the Underlying Fund, Fund Manager and the Investment Manager. A copy of the Fund Information Booklet and Product Highlights Sheet ("PHS") in relation to this Fund may be obtained from your Prudential Financial Consultant. You are advised to read the Fund Information Booklet and PHS before deciding whether to subscribe for units in this Fund.
The prediction, projections, or forecasts on the economy, securities markets or the economic trends of the markets targeted by the Fund are not necessarily indicative of the future or likely performance of the Fund. The value of the units in the Fund and any income accruing to the units, if any, may fall or rise.
You are recommended to seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs. This information contained in this website is for reference only and not a contract of insurance. The exact terms and conditions, specific details and exclusions applicable to this insurance product are stated in the policy documents that can be obtained from a Prudential Financial Consultant.
Information correct as at 2 June 2014.