Classification: South African - Multi-Asset - Income
Tax-Free Savings: Yes
The Fund invests in a diversified portfolio consisting primarily of South African vanilla debt, mezzanine and structured instruments across the term structure and credit rating bands. Portfolio risk is managed at both single issuer and portfolio level. The former is done through an inhouse dynamic probability of default (PD) based rating model and the latter is through measuring the Expected Loss (EL), Loss Given Default (LGD) and credit VaR (Value at Risk); both of which are monitored over time. The maximum modified duration risk that the fund can take is two years. Credit asset selection is underpinned by minimisation of default risk and credit spread duration.
Investors seeking performance in excess of what is available in the money market or a typical income fund. The fund is not Regulation 28 compliant.
The Fund aims to return STeFi Call + 3% per annum through a full interest rate cycle by offering investors an enhanced income yield without undue risk on capital by maintaining constrained credit risk exposure.
This portfolio typically has longer dated and complex credit exposures, resulting in some capital volatility and liquidity constraints to investors over the short term. It is managed in such a manner that the probability of capital losses over one-year periods is unlikely, and in a manner that would cater for client redemptions appropriately.
Classification: South African - Multi Asset - Income
Risk Factor Conservative
Classification: South Africa - Multi Asset Income
Risk Factor Conservative
Classification: Global - Multi Asset - Income
Risk Factor Conservative
Classification: South Africa - Multi Asset Income
Risk Factor Conservative
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