Page 254 - Profile's Unit Trusts & Collective Investments - March 2025

Argon BCI Bond Fund

Argon BCI Bond Fund
Argon BCI Bond Fund
Sector: South African—Interest Bearing—
Variable Term HISTORICAL PERFORMANCE All figures to 31 December 2024
Fund benchmark: JSE/ASSA All Bond R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Index Yrs Return Value Inflation Return Value Inflation Volatility
Code (A): ABIFA 1 (A) 15.66% R1 157 R1 029 16.84% R1 315 R1 211 9.15
2 (A) 11.95% R1 253 R1 082 14.12% R2 787 R2 477 9.36
MANAGEMENT 3 (A) 9.53% R1 314 R1 160 11.92% R4 345 R3 821 8.81
4 (A) 9.65% R1 446 R1 229 10.80% R6 024 R5 255 8.41
Krishna Sathee (BSc (Hons) Statistics
UNISA), HEAD OF FIXED INCOME HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-mnth historic yields
Krishna has over 29 years’ fixed income Period Ending End Price Feb Mar Jun Sep Dec 12-mnth DY%
investment experience. His experience 31 Dec 24 (A) 105.07 - 2.38 2.52 2.27 2.39 9.10
was acquired at firms including Allan
Gray Ltd, African Harvest Fund Manag- 31 Dec 23 (A) 99.93 - 2.31 2.45 2.25 2.31 9.33
ers, Tri linear Investment Managers & 31 Dec 22 (A) 101.39 - 2.14 2.31 2.23 2.29 8.85
Oasis Asset Management in the positions 31 Dec 21 (A) 105.47 - 2.14 2.16 2.25 2.16 8.25
of Fixed Income Trader, Analyst & Port- 31 Dec 20 (A) 104.34 2.11 - 2.93 2.18 2.11 8.94
folio Manager. As the longest standing
member of the Argon investment team Risk / Return Profile
(16 years), Krishna has contributed 25
greatly to the formidable track record in
the Fixed Income products.
FUND FOCUS 3yr Compound return(%) 12
The objective of the portfolio is to
achieve a high level of sustainable income
and stability of capital invested.
0
0 10 20
DETAILS as at 31 December 2024 Volatility p.a.
All fees and charges include Vat
Formation date: 17 Aug 2017 PORTFOLIO ALLOCATION
December 2024 June 2024
Min lump sum: R25 000
Minimum monthly: R1 000 Sector Value (R000) % of Fund Value (R000) % of Fund Difference
184 125
74.59%
99.08%
SA Bonds
261 592
24.49%
Original price: 100 Liquid Assets 2 440 0.92% 62 724 25.41% (24.49)%
Broker p.a. com (A): 1.15% TOTAL 264 032 100.00% 246 849 100.00% 6.96%
Annual fee (A): 0.5175%
TOP HOLDINGS BY VALUE
TER (A) 12/24: 0.57% December 2024 June 2024
TER Perf% (A): 0.00% Short Name/ Units Value %of Units Value %of
Fund value: R264.03m JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
R2037 SA Bnds 80 400 71 146 26.95% 38 400 31 618 12.81% 42 000 000
Risk rating: Low
R2048 SA Bnds 67 900 56 634 21.45% 20 400 15 856 6.42% 47 500 000
PlexCrowns: R214 SA Bnds 37 400 25 797 9.77% 4 700 2 986 1.21% 32 700 000
Income declaration: 31/03, 30/06, R2032 SA Bnds 25 900 24 530 9.29% 39 400 35 264 14.29% (13 500 000)
30/09, 31/12 R209 SA Bnds 26 800 19 752 7.48% 8 500 5 815 2.36% 18 300 000
Income payment: 2nd day of R2035 SA Bnds 20 900 19 658 7.45% 13 900 12 209 4.95% 7 000 000
Apr/Jul/Oct/Jan R2044 SA Bnds 14 450 12 264 4.64% 25 150 19 836 8.04% (10 700 000)
R2040 SA Bnds 10 400 9 258 3.51% 10 400 8 606 3.49% -
R186 SA Bnds 6 300 6 570 2.49% 35 600 37 055 15.01% (29 300 000)
R2053 SA Bnds 3 800 4 076 1.54% 6 500 6 509 2.64% (2 700 000)
TOTAL 249 686 94.57% 175 754 71.20%
Price History Relative Strength to Short Term Fixed
110 Interest index
1.5
106
1.3
102
1.1
98
0.9
94
0.7
90 0.5
19 | 20 | 21 | 22 | 23 | 24 19 | 20 | 21 | 22 | 23 | 24
252 Profile’s Unit Trusts & Collective Investments — DOMESTIC