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13.1518
-0.0114
(-0.087%)
NAV price (ZAR) Tue 19 Nov 2024 (change prev day)
Fund Performance
| Period Return %Growth of R1 000 |
 |
| * Not annualised |
| Period Return %Growth of R1 000 |
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| * Not annualised |
Key Facts and Fund Objective
| Key Facts |
| Formation Date | 10 Feb 2021 |
| Fund Size (ZAR) | 758 590 037 |
| Latest Price | 1 315.18 |
| PlexCrowns | |
| Total Expense Ratio (30/06) | 0.94% |
| Minimum Investment | R10 000 |
| TTM Distribution Yield | 0.04% |
| Key Facts |
| Formation Date | 10 Feb 2021 |
| Fund Size (ZAR) | 758 590 037 |
| Latest Price | 1 315.18 |
| PlexCrowns | |
| Total Expense Ratio (30/06) | 0.94% |
| Minimum Investment | R10 000 |
| TTM Distribution Yield | 0.04% |
| Fund Objective |
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The Ngwedi Bond SNN Fund will aim to outperform the JSE/ASSA All Bond Index (ALBI) Index over a rolling 3-year period (after fees) where portfolio position deviation from this benchmark is minimised. In order to achieve this objective, the fund will predominately invest in bonds but can also invest in a diversified range of listed and unlisted fixed interest instruments, including government bonds, semi-government bonds, corporate bonds, fixed deposits, assets in liquid form, money market instruments and other interest-bearing instruments that offer value on a relative basis. The fund is permitted to invest in listed and unlisted financial instruments as determined by regulations from time to time....Read more
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| Fund Objective |
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The Ngwedi Bond SNN Fund will aim to outperform the JSE/ASSA All Bond Index (ALBI) Index over a rolling 3-year period (after fees) where portfolio position deviation from this benchmark is minimised. In order to achieve this objective, the fund will predominately invest in bonds but can also invest in a diversified range of listed and unlisted fixed interest instruments, including government bonds, semi-government bonds, corporate bonds, fixed deposits, assets in liquid form, money market instruments and other interest-bearing instruments that offer value on a relative basis. The fund is permitted to invest in listed and unlisted financial instruments as determined by regulations from time to time. The fund will be actively managed, but the portfolio position deviation from the benchmark will be minimised.
The fund will predominately invest in South African markets but is permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the legislation from time to time. The fund may apart from assets in liquid form also include participatory interest or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interest or any other form of participation in these schemes will be included in the fund only where the regulatory environment is to the satisfaction of the Manager and the Trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
The fund will be subject to the Prudential Investment Guidelines for South African Retirement Funds, being Regulation 28 of the Pension Funds Act, or such other legislation published from time to time as well as the exposure limits as set out in the ASISA industry standards.
Nothing in this supplemental deed shall preclude the manager from varying the ratio of instruments, to achieve the investment objective and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and supplemental deed thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of instruments of the aggregate value required from time to time by the Act.
The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.
The manager, in consultation with the investment manager, reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done to allow the portfolio to be managed in accordance with its mandate. The manager may, once a portfolio has been closed, reopen that portfolio again to new investors on a date determined by the manager.
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| Fund Objective |
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The Ngwedi Bond SNN Fund will aim to outperform the JSE/ASSA All Bond Index (ALBI) Index over a rolling 3-year period (after fees) where portfolio position deviation from this benchmark is minimised. In order to achieve this objective, the fund will predominately invest in bonds but can also invest in a diversified range of listed and unlisted fixed interest instruments, including government bonds, semi-government bonds, corporate bonds, fixed deposits, assets in liquid form, money market instruments and other interest-bearing instruments that offer value on a relative basis. The fund is permitted to invest in listed and unlisted financial instruments as determined by regulations from time to time....Read more
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| Fund Objective |
|
The Ngwedi Bond SNN Fund will aim to outperform the JSE/ASSA All Bond Index (ALBI) Index over a rolling 3-year period (after fees) where portfolio position deviation from this benchmark is minimised. In order to achieve this objective, the fund will predominately invest in bonds but can also invest in a diversified range of listed and unlisted fixed interest instruments, including government bonds, semi-government bonds, corporate bonds, fixed deposits, assets in liquid form, money market instruments and other interest-bearing instruments that offer value on a relative basis. The fund is permitted to invest in listed and unlisted financial instruments as determined by regulations from time to time. The fund will be actively managed, but the portfolio position deviation from the benchmark will be minimised.
The fund will predominately invest in South African markets but is permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the legislation from time to time. The fund may apart from assets in liquid form also include participatory interest or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interest or any other form of participation in these schemes will be included in the fund only where the regulatory environment is to the satisfaction of the Manager and the Trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.
The fund will be subject to the Prudential Investment Guidelines for South African Retirement Funds, being Regulation 28 of the Pension Funds Act, or such other legislation published from time to time as well as the exposure limits as set out in the ASISA industry standards.
Nothing in this supplemental deed shall preclude the manager from varying the ratio of instruments, to achieve the investment objective and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and supplemental deed thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of instruments of the aggregate value required from time to time by the Act.
The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.
The manager, in consultation with the investment manager, reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done to allow the portfolio to be managed in accordance with its mandate. The manager may, once a portfolio has been closed, reopen that portfolio again to new investors on a date determined by the manager.
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