Nedgroup Investments Flexible Income Fund

18 December 2017

General Information

Status Open
Fund category: Unit Trust
Management company: Nedgroup Collective Investments (RF) (Pty) Ltd.
Asset Manager(s): Abax Investments
Sector South African--Multi Asset--Income
Benchmark 110% STeFI Call Deposit
Launch Date 01 July 1999
Fund Value ZAR 11,531,008,940.00 as at 30 Sep 2017
Risk Rating
Low Risk  High Risk
Performance Target N/A
Status is provided by the management company. This does not provide an indication of the availability of the fund within an Old Mutual product and may differ from the status of the fund within a product. The displayed risk rating may differ from the risk rating provided by the management company, where deemed appropriate.


Fund Description

The portfolio is suitable for investors seeking enhanced money market returns, but who have a low tolerance for capital loss and who do not wish to make complex asset allocation decisions between cash, bonds, property and other fixed interest asset classes. For credit and income instruments, while unlikely, capital loss may occur due to an event like the default of an issuer. The portfolio typically displays higher volatility and lower liquidity than a money market portfolio. The portfolio may be subject to currency fluctuations due to its international exposure.


Prices

Latest NAV/Sell Price: ZAR 1,487.76 15 Dec 2017
Highest NAV/Sell Price: ZAR 1,520.29 29 Sep 2016

Prices are those of the class available to the public through an Old Mutual product.


Price Performance


Daily Performance Figures as at 15 December 2017


Fund:
Sector:
1 Year 3 Years 5 Years
6.04%
7.17%
7.80%
7.12%
7.67%
6.51%
Fund performance results are calculated on the NAV-to-NAV fund performance of the oldest class, net of asset management fees. Figures are calculated on a lump sum basis in the currency of the fund and are annualised. Sector performance results include reinvested income and are gross of any deductions.


Asset Management Fees

Initial Fee: N/A
Annual Fee: 1.43
Performance Fee: N/A
Total Expense Ratio: 0.93
Fees are those of the class available to the public through an Old Mutual product and include VAT. Fees are those levied when investing in the fund through an Old Mutual product and are separate from product administration charges and adviser fees. For feeder funds and funds of funds, the total annual asset management fee does not include the fees in respect of underlying unit trust charges. The annual underlying unit trust charges generally vary between 0.46% and 1.14% including VAT, depending on the fund(s) chosen.


Asset Split as at 30 September 2017

Holding Name Percentage
Foreign Bonds
11.94%
Local Bonds
62.75%
Local Cash
17.57%
Local Equities
4.78%
Local Property
3.53%



Top Holdings (out of 63) as at 30 September 2017

Holding Name Sector Percentage
U-NICORMM Money Market 11.04%
FOREIGNBO Foreign Invest 8.82%
BONDS Bond 6.30%
LBK15 Bond 5.32%
SHS30 Bond 5.18%
ASN028 Bond 5.15%
AB011 Bond 3.40%
CASH Cash on call 3.09%
IVC102 Bond 2.65%
CLN420 Bond 2.61%

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