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Prescient Optimised Income Fund Summary Fact Sheet
South African--Multi Asset--Flexible
 
Technical Overview
Formation Date: 13 Aug 2018
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (B1 - Class)
 
Management
Meyer Coetzee
 
Ranking
Sector: South African-Multi Asset-Flexible
Fund Size: R247 457 560 (as at 30 Sep 2019)
Sector Rank: 29 out of 53
(lump sum over 1 years to 31 Oct 2019)
Overall Rank: 934 out of 1266
(lump sum over 1 years to 31 Oct 2019)
R1000 invested on 31 Oct 2018 was worth R1 060.87 on 31 Oct 2019 (6.09% annual compound return)
R100 per month since 31 Oct 2018 was worth R1 239.21 on 31 Oct 2019 (5.92% 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 Prescient Optimised Income Fund's primary objective will be to offer a low risk investment in assets consistent with principles of capital preservation for investors seeking protection from equity and bond market volatility while maintaining liquidity. The Fund will aim to deliver a competitive after tax return with capital gains being of an incidental nature. The Fund will invest in equities, money market instruments and other interest bearing securities as defined in legislation from time to time. Equity exposure will only be taken where equity repurchase agreements are in place, hence eliminating capital volatility completely. This exposure together with interest bearing assets will result in limited interest rate risk, no downside volatility and limited credit risk while optimizing after tax investment returns for investors by earning a component of income via dividends which has a lower effective tax rate. The portfolio is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The portfolio will predominately invest in South African markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions by legislations from time to time. The portfolio may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa. Nothing in the supplemental deed shall preclude the manager from varying the ratios of asset allocation and securities, to maximize absolute return and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out. For the purpose of this portfolio, the manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
 
Latest Fund Manager Comment / News
Prescient Optimised Income Fund comment - Sep 19
The current net Fund yield after annual management fees, distribution fees and tax is 6. ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
U-PRESCMM 49 067 742 49.40 19.96%
U-NEDMMR 48 482 823 48.82 19.73%
U-INVMM 48 482 597 48.81 19.73%
U-PRUDMM 39 679 527 40.00 16.16%
EXXARO 114 000 14.92 6.03%
Totals   201.94 81.61%
 
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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