Page 275 - Profile's Unit Trusts & Collective Investments - September 2025

Domestic funds Argon BCI Flexible Income Fund

Argon BCI Flexible Income Fund
Sector: South African–Multi Asset– HISTORICAL PERFORMANCE All figures to 30 June 2025
Income R1 000 Lump Sum(NAV-NAV) R100 Per Month(NAV-NAV)
Fund benchmark: STeFI Composite
Value
Value
Index X 110% Yrs Return R1 094 Inflation Return R1 271 Inflation Volatility
5.36
9.42%
1 (A)
10.53%
R1 028
R1 220
Code (A): ARGFIA 2 (A) 11.48% R1 243 R1 081 10.86% R2 691 R2 483 5.09
MANAGEMENT 3 (A) 10.74% R1 358 R1 139 10.58% R4 252 R3 812 5.43
Krishna Sathee (BSc (Hons) Statistics 4 (A) 9.81% R1 454 R1 223 10.05% R5 928 R5 237 5.08
R1 283
4.66
R6 740
9.42%
R1 568
5 (A)
R7 742
9.69%
UNISA)
Krishna has over 29 years’ fixed income HISTORICAL DISTRIBUTIONS Actual payout (cents/unit) & 12-month historic yields
investment experience. His experience Period Ending End Price Mar Jun Sept Dec 12-mnth DY%
was acquired at firms including Allan 30 Jun 25 (A) 113.15 2.29 2.31 - - 8.26
Gray Ltd, African Harvest Fund 31 Dec 24 (A) 112.11 2.41 2.64 2.36 2.39 8.74
Managers, Tri linear Investment 31 Dec 23 (A) 109.88 2.24 2.44 2.46 2.40 8.69
Managers & Oasis Asset Management 31 Dec 22 (A) 109.15 1.57 1.82 1.96 2.17 6.89
in the positions of Fixed Income 31 Dec 21 (A) 108.22 1.62 1.49 1.63 1.57 5.83
Trader, Analyst & Portfolio Manager.
As the longest standing member of Portfolio Allocation Risk/Return Profile
the Argon investment team (16 years),
Krishna has contributed greatly to the
formidable track record in the Fixed
Income products.
FUND FOCUS
The investment objective of the portfolio
is to achieve a high level of sustainable
income and stability of capital invested.
DETAILS as at 30 June 2025
All fees and charges include VAT
Formation date: 6 May 2020 PORTFOLIO ALLOCATION
Original price: 100 June 2025 December 2024
Annual fee (A): 0.81% Sector Value (R ‘000) - % of Fund - Value (R ‘000) % of Fund Difference -
37
0.01%
Derivatives
TER (A) 03/25: 0.84% Fixed Interest 1 023 0.28% 12 0.00% 0.28%
Fund value: R373.12m Liquid Assets 86 172 23.73% 5 602 1.44% 22.29%
49 668
6.83%
71 087
Risk rating: Low Money Market 204 822 19.58% 334 334 12.75% - 29.39%
56.41%
SA Bonds
85.80%
PlexCrowns (A): ««« TOTAL 363 104 100.00% 389 654 100.00% - 6.81% DOMESTIC FUNDS
Income declaration: 31/03, 30/06,
30/09, 31/12 TOP HOLDINGS BY VALUE
Income payment: 02/04, 02/07, June 2025 December 2024
02/10, 02/01 Short Name/ Sector Units Value % of Units Value % of
JSE Code Name (000’s) (R ‘000) Fund (000’s) (R ‘000) Fund Difference
CASH Liq Asset - 86 169 23.73% - 3 675 0.94% 82 494
AGT04 SA Bnds 20 758 21 422 5.90% 9 758 10 111 2.59% 11 311
NGT115 SA Bnds 20 000 20 474 5.64% - - - -
FRB44 SA Bnds 14 000 14 084 3.88% - - - -
FRB42 SA Bnds 13 000 13 018 3.59% 5 000 5 009 1.29% 8 009
NBKB75 SA Bnds 10 000 10 280 2.83% 10 000 10 249 2.63% 31
MML03 SA Bnds 10 000 10 248 2.82% 10 000 10 264 2.63% - 16
OML12 SA Bnds 8 500 8 643 2.38% 8 500 8 674 2.23% - 30
MTN45 SA Bnds 8 000 8 193 2.26% 8 000 8 154 2.09% 39
FRB28 SA Bnds 8 000 8 173 2.25% 8 000 8 246 2.12% - 73
TOTAL 200 704 55.27% 64 381 16.52%
Price History Relative Strength to Short Term Fixed
Interest index
115 0.02
0.00
110
-0.02
105
-0.04
100 -0.06
2021 2023 2025 Jan 2021 Jan 2023 Jan 2025
Profile’s Unit Trusts & Collective Investments September 2025 273