Page 255 - Profile's Unit Trusts & Collective Investments - March 2025

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 31 December 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) 11.55% R1 116 R1 029 10.46% R1 270 R1 211 5.77
2 (A) 10.63% R1 224 R1 082 10.48% R2 680 R2 477 5.64
MANAGEMENT 3 (A) 9.61% R1 317 R1 160 10.11% R4 221 R3 821 5.29
4 (A) 9.33% R1 429 R1 229 9.69% R5 882 R5 255 4.83
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 Mar Jun Sep Dec 12-mnth DY%
investment experience. His experience 31 Dec 24 (A) 112.11 2.41 2.64 2.36 2.39 8.74
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
(16 years), Krishna has contributed 25
greatly to the formidable track record in
the Fixed Income products.
FUND FOCUS 3yr Compound return(%) 12
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 10 20
come and stability of capital invested. Volatility p.a.
DETAILS as at 31 December 2024 PORTFOLIO ALLOCATION
All fees and charges include Vat December 2024 June 2024
Formation date: 6 May 2020 Sector Value (R000) % of Fund Value (R000) % of Fund Difference
Original price: 100 SA Bonds 334 334 85.80% 111 634 34.00% 51.80%
Annual fee (A): 0.81% Money Market 49 668 12.75% 62 451 19.02% (6.27)%
0.01%
37
Derivatives
0.01%
TER (A) 09/24: 0.85% Liquid Assets 5 602 1.44% 154 236 46.98% (45.54)%
TER Perf% (A): 0.00% TOTAL 389 654 100.00% 328 333 100.00% 18.68%
Fund value: R389.65m TOP HOLDINGS BY VALUE
Risk rating: Low December 2024 June 2024
Income declaration: 31/03, 30/06, Short Name/ Units Value %of Units Value %of
30/09, 31/12 JSE Code Sector Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
Income payment: 02/04, 02/07, R214 SA Bnds 135 100 93 188 23.92%
02/10, 02/01 R209 SA Bnds 115 400 85 052 21.83%
MML03 SA Bnds 10 000 10 264 2.63% 10 000 10 541 3.21% -
NBKB75 SA Bnds 10 000 10 249 2.63%
AGT04 SA Bnds 9 758 10 111 2.59% 9 758 10 258 3.12% -
OML12 SA Bnds 8 500 8 674 2.23% 8 500 8 708 2.65% -
FRB28 SA Bnds 8 000 8 246 2.12% 8 000 8 305 2.53% -
MTN45 SA Bnds 8 000 8 154 2.09%
SBS91 SA Bnds 7 000 7 152 1.84%
BID25 SA Bnds 7 000 7 111 1.83%
TOTAL 248 200 63.70% 37 812 11.52%
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 | 24 21 | 22 | 23 | 24

Profile’s Unit Trusts & Collective Investments — DOMESTIC 253