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Nedgroup Investments Stable Fund (C)

South African - Multi Asset - Low Equity
Code:NISCC
Inception:01 Nov 2007

Latest Price : 16 Sep 2014 R 1.60
12mth Sector Rank20 / 31
12mth Overall Rank273 / 375
12mth Volatility vs Sector Average0.85
Equinox Buy FeesWholesale0.285%
Management Company Annual Fees:***1.35%
PSG Annual Admin and Platform Fee[details]
TER Ratio1.85%
TER Performance- -
TER Date30 Sep 2013
Latest Total AssetsR 29,788.3m
Assets at end March 2014R 27,371.0m
Previous QuarterR 25,651.5m
Move+ R 1,719.5m
Income Declaration and Payment
DeclarationTwice a year: End of June and end of December
PaymentWithin a few working days
Performance to 16 Sep 2014 ++
InvestedPriceIncomeTotal
3 months-0.09%1.44%1.35%
6 months3.77%1.49%5.27%
1 year7.93%2.56%10.49%
3 years37.28%9.18%46.47%
5 years59.55%19.80%79.35%
Price History
Fees include VAT.
* Published Retail Buy Fee is always the highest fee charged by the Management company.
*** Management Company Annual Fees are automatically worked into price and distributions paid. ++Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude Equinox fees and management company initial fees. Income performances are based on interest and dividend distributions of the fund.
Fund Manager
Photo
David Foord
Fund Overview

Objectives: The fund seeks to offer investors total returns that are in excess of inflation over the medium term. A maximum of 40% of the fund's assets may be invested in equities at all times. The fund complies with Regulation 28 of the South African Pension Funds Act.

Benchmark: CPIX + 4%p.a. over rolling 3-year periods (after fees)

Universe: The fund will invest in a combination of securities as defined in CISCA, including equity, bonds, property, money market and derivative instruments, both locally and abroad, as well as participatory interests in portfolios of collective investment schemes.

The fund is suitable for conservative investors requiring a high level of capital protection, with the potential for capital growth through a low exposure to equity markets relative to the average prudential portfolio and who do not wish to make complex asset allocation decisions between equities, cash and bonds, both locally and offshore. Diversification across all asset classes and a maximum equity exposure of 40% helps to reduce risk and volatility relative to an average prudential portfolio.

 
Top Holdings at end March 2014
Holding% of Fund
ZAR Cash42.46%
INTL EQU UNIT TRUST23.92%
BONDS3.23%
NEWGOLD2.65%
REPUBLIC OF SOUTH AFRICA2.51%
BATS1.83%
ASPEN1.81%
SASOL1.64%
STANBANK1.53%
SPAR1.21%
Total % 82.79%
Asset Allocation at end March 2014
Top Holdings at end December 2013
Holding% of Fund
ZAR Cash37.63%
INTL EQU UNIT TRUST24.61%
BONDS3.94%
FOORDCMPS2.90%
NEWGOLD2.57%
BATS1.85%
ASPEN1.84%
SASOL1.62%
STANBANK1.50%
BHPBILL1.44%
Total % 79.90%
Top Holdings at end September 2013
Holding% of Fund
ZAR Cash35.16%
INTL EQU UNIT TRUST20.11%
BONDS5.09%
INTL CASH4.62%
NewGold3.09%
FOORDCMPS3.05%
ASPEN1.94%
BATS1.94%
SASOL1.72%
SPAR1.56%
Total % 78.28%
 

 

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