Page 252 - Profiles's Unit Trusts & Collective Investments - September 2024

Argon BCI Flexible Income Fund

Argon BCI Flexible Income Fund
Argon BCI Flexible Income Fund
Sector: South African—Multi Asset—
Income HISTORICAL PERFORMANCE All figures to 30 June 2024
Fund benchmark: STeFI Composite R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Index X 110% Yrs Return Value Inflation Return Value Inflation Volatility
Code (A): ARGFIA 1 (A) 13.58% R1 136 R1 052 14.47% R1 298 R1 229 4.76
2 (A) 11.41% R1 241 R1 109 12.02% R2 725 R2 523 5.46
MANAGEMENT 3 (A) 9.94% R1 329 R1 191 10.64% R4 256 R3 911 4.97
4 (A) 9.41% R1 433 R1 249 9.94% R5 914 R5 374 4.47
Krishna Sathee HEAD OF FIXED
INCOME (BSc (Hons) Statistics UNISA) HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
Krishna has over 28 years’ fixed income Period Ending End Price Mar Jun Sep Dec 12-mnth DY%
investment experience. His experience 30 Jun 24 (A) 112.84 2.41 2.64 - - 8.79
was acquired at firms including Allan
Gray Ltd, African Harvest Fund Manag- 31 Dec 23 (A) 109.88 2.24 2.44 2.46 2.40 8.69
ers, Tri linear Investment Managers & 31 Dec 22 (A) 109.15 1.57 1.82 1.96 2.17 6.89
Oasis Asset Management in the positions 31 Dec 21 (A) 108.22 1.62 1.49 1.63 1.57 5.83
of Fixed Income Trader, Analyst & Port- 31 Dec 20 (A) 105.75 - 0.75 1.46 1.42 3.43
folio Manager. As the longest standing
member of the Argon investment team Risk / Return Profile
(15 years), Krishna has contributed 20
greatly to the formidable track record in
the Fixed Income products.
FUND FOCUS 3yr Compound return(%) 10
The Argon BCI Flexible Income Fund is a
specialist income generating portfolio.
The investment objective of the portfolio
is to achieve a high level of sustainable in- 0 0 11 22
come and stability of capital invested. Volatility p.a.
DETAILS as at 30 June 2024 PORTFOLIO ALLOCATION
All fees and charges include Vat June 2024 December 2023
Formation date: 6 May 2020 Sector Value (R000) % of Fund Value (R000) % of Fund Difference
Original price: 100 SA Bonds 111 634 34.00% 248 204 78.09% (44.09)%
62 451
Annual fee (A): 0.81% Money Market 154 236 19.02% 67 347 21.19% (2.17)%
2 266
46.98%
Liquid Assets
0.71%
46.26%
TER (A) 03/24: 0.86% TOTAL 328 333 100.00% 317 829 100.00% 3.30%
TER Perf% (A): 0.00% TOP HOLDINGS BY VALUE
Fund value: R328.33m June 2024 December 2023
Risk rating: Low Short Name/ Units Value %of Units Value %of
Income declaration: 31/03, 30/06, JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
30/09, 31/12 MML03 SA Bnds 10 000 10 541 3.21% 10 000 10 182 3.20% -
Income payment: 02/04, 02/07, AGT04 SA Bnds 9 758 10 258 3.12% 9 758 10 321 3.25% -
02/10, 02/01 OML12 SA Bnds 8 500 8 708 2.65% 8 500 8 733 2.75% -
FRB28 SA Bnds 8 000 8 305 2.53% 8 000 8 358 2.63% -
SBT207 SA Bnds 7 000 7 173 2.18% 7 000 7 236 2.28% -
RDFG09 SA Bnds 6 000 6 123 1.86% 6 000 6 127 1.93% -
INLV06 SA Bnds 5 500 5 819 1.77% 5 500 5 872 1.85% -
SST202 SA Bnds 5 000 5 098 1.55% 5 000 5 107 1.61% -
TNI33 SA Bnds 4 400 4 800 1.46% 4 400 4 782 1.50% -
SBT104 SA Bnds 4 500 4 622 1.41% 4 500 4 659 1.47% -
TOTAL 71 447 21.76% 71 375 22.46%
Price History Relative Strength to Short Term Fixed
120 Interest index
1.5
116
1.3
112
1.1
108
0.9
104 0.7
100 0.5
21 | 22 | 23 21 | 22 | 23

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