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Instit BCI Enhanced Yield Fund   Summary Fact Sheet
South African--Interest Bearing--Short Term
 
Technical Overview
Formation Date: 7 Jun 2018
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
 Sanlam Investment Management
Their approach in this fund includes a strong bias towards fixed interest and inflation-linked bonds. In effect, the manager makes calls on asset classes that are likely to beat inflation under certain economic scenarios. Key to this are forecasting growth and inflation, and the response of various asset classes.

Francois van Wyk, supported by their Chief Strategist and ex-CIO Dries du Toit as well as by Alex Pestana, who has done extensive research on fixed interest investments including inflation-linked bonds.

Recent performance on managed mandates has been fair. On the Old Mutual Manager Performance Survey they ranked 12th and 16th out of 28 balanced funds for the year to January 2001. Their emphasis in this fund would, however, be on fixed interest investments, particularly inflation-linked bonds.
 
Ranking
Sector: South African-Interest Bearing-Short Term
Fund Size: R911 122 839 (as at 30 Sep 2019)
Sector Rank: 16 out of 36
(lump sum over 1 years to 31 Oct 2019)
Overall Rank: 572 out of 1268
(lump sum over 1 years to 31 Oct 2019)
R1000 invested on 31 Oct 2018 was worth R1 083.54 on 31 Oct 2019 (8.35% annual compound return)
R100 per month since 31 Oct 2018 was worth R1 253.17 on 31 Oct 2019 (7.98% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
The Instit BCI Enhanced Yield Fund is a specialist income portfolio with the objective to enhance the portfolio's income yield by actively managing interest rate risk and credit risk through the interest rate cycles.

This will be achieved by making use of short-dated domestic fixed income instruments to deliver a diversified money market solution that has low volatility and high liquidity combined with carefully monitoring of its capital stability. The maximum weighted average modified duration of the underlying holdings will be limited to 180 days. Investments to be acquired for the portfolio may include securities of an interest bearing nature, including loan stock, debentures, debenture stock, debenture bonds, unsecured notes, preference shares on an income nature, financial instruments and any other nonequity securities which are considered consistent with the portfolio's primary objective and that the Act or the Registrar may allow from time to time. The portfolio may from time to time invest in listed and unlisted financial instruments.
 
Latest Fund Manager Comment / News
The Instit BCI Enhanced Yield Fund is a specialist income portfolio with the objective to  ...more
 
News Archive
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Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
Totals   0.00 0.00%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 2019
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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