Fixed Income

The fund is a low risk, domestic only, fixed income portfolio which aims to outperform the Short-Term Fixed Interest (STeFI) Index before fees over one year rolling period. This portfolio is suited to investors with a low-risk profile seeking a competitive yield without compromising on liquidity or capital invested.

The fund invests in domestic money market instruments with a term shorter than 13 months. The sources of value will depend on our in-house views on interest rates, credit and liquidity risk. A focus on diversification of credit risk, high liquidity and management of interest rate risk makes this fund an attractive alternative to traditional call accounts and fixed deposits. The fund is managed in compliance with prudential investment guidelines for retirement funds.

This is an actively managed income fund which aims to provide a high level of income and to provide long-term capital stability whilst maximising returns. The fund aims to provide higher returns than the money market without taking on undue risk.

The fund investments in local interest-bearing investments, including non-equity securities, money market instruments, property securities, preference shares and assets in liquid form. The investment manager will also be allowed to invest in listed and unlisted financial instruments as allowed by the Act from time to time to achieve the investment objective.

To provide sustainable and stable capital appreciation over the short term, with a low standard deviation of returns. All assets are liquid to provide for investors' income needs.

The fund tracks the performance of the JSE Composite All Bond Index. The fund tracks the component bonds of the index in proportion to the index weightings. It has exposure to government bonds, and as a result, risks include, but are not limited to, default risk, interest rate risk, inflation risk, market volatility, and economic and political risk.