Funds A-Z

SIM Active Income Fund (B4)

SIM Active Income Fund (B4)
South African--Multi Asset--Income
Fund Code: SIAB4
Inception Date: 04 July 2007
Regulation 28 Compliant: No

Pricing and Rank Information
Latest price 18 November 2019 R 11.29
12 month sector rank64 / 85
12 month overall rank627 / 1265
12 month volatility2.72
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 0.01% 1.92% 1.93%
6 months -0.03% 3.84% 3.81%
1 year 0.37% 7.90% 8.27%
3 years -0.16% 26.70% 26.54%
5 years 1.33% 45.02% 46.35%
Fund fee and expense information
Fees
Management company annual fee2 0.69%
Negotiated management company rebate n/a
Expenses
Fund TER as at 30 June 2019 0.70%
Less management company rebate n/a
Total Fund Expense 0.70%
Assets under management
Latest total assetsR 9,776.26m
Assets as at 30 September 2019 R 9,351.61m
Previous quarterR 8,804.87m
MoveR 546.73m
Income declaration and payment
Declaration30 September 2014
PaymentR 0.1739

Fees include VAT

  1. Price performances are based on historical price data, using a NAV price by NAV price comparison and exclude management company initial fees. Income performances are based on interest and dividend distributions of the fund.
  2. Management company annual fees are included into price and distributions paid.


Price History

Asset Allocation as at 30 September 2019
Domestic Bonds R 1267.61m (13.56%)  
Foreign Bonds R 0.00m (0%)
Domestic Cash R 7783.44m (83.23%)  
Foreign Cash R 0.00m (0%)
Domestic Equity R 0.00m (0%)  
Foreign Equity R 0.00m (0%)
Domestic Property R 266.24m (2.85%)  
Foreign Property R 34.32m (0.37%)

Top Holdings Top Holdings Top Holdings
As at end September 2019 As at end June 2019 As at end March 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Money Market Instrument 38.98% Money Market Instrument 35.17% Money Market Instrument 37.26%
Cash on call 8.01% Cash on call 9.47% Cash on call 7.46%
Money Market - 20 months duration 2.63% Money Market - 3 months duration 2.74% Money Market - 6 months duration 3.13%
Money Market - 22 months duration 2.43% Money Market - 23 months duration 2.71% Money Market - 28 months duration 2.76%
Money Market - 32 months duration 2.26% Money Market - 25 months duration 2.59% Money Market - 26 months duration 2.69%
Money Market - 2 months duration 2.16% Money Market - 35 months duration 2.33% Bond Exchange of South Africa 2.40%
SIM Property Fund 2.09% SIM Property Fund 2.32% Money Market - 8 months duration 2.35%
Money Market - 14 months duration 2.06% Money Market - 2 months duration 2.28% Money Market - 5 months duration 2.34%
Money Market - 34 months duration 1.73% Money Market - 5 months duration 2.14% Money Market - 20 months duration 2.13%
Money Market - 33 months duration 1.72% Money Market - 17 months duration 2.10% SIM Property Fund 2.09%
Total 64.07% Total 63.85% Total 64.61%

Fund Manager(s)
Fund Overview
Objective
Returns are sought through tactical asset allocation and high conviction bets across the income-yielding universe, including corporate and government bonds, money market instruments, preference shares and listed property. Opportunities are taken across the entire duration and credit spectrum. The fund is mandated to invest in unlisted financial instruments (derivatives) for efficient portfolio management. The investment manager will also be allowed to invest in financial instruments (derivatives) as allowed by the Act from time to time in order to achieve its investment objective. This is an actively managed, multi asset income fund which aims to provide a high level of income whilst maximising returns and diversification across bond and market instruments with equities being limited to 10%. Despite the fact that this fund may also invest 25% offshore, this is currently not being implemented and no offshore funds are being held at this stage. The fund is Reg. 28 compliant.
Benchmark
STeFI Composite + 1% p.a