Funds A-Z

Nedgroup Investments Stable Fund (A2)

Nedgroup Investments Stable Fund (A2)
South African--Multi Asset--Low Equity
Fund Code: NISA
Inception Date: 01 July 2011
Regulation 28 Compliant: Yes

Pricing and Rank Information
Latest price 18 November 2019 R 1.87
12 month sector rank20 / 148
12 month overall rank370 / 1265
12 month volatility6.67
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 4.03% 0.00% 4.03%
6 months 3.99% 1.88% 5.87%
1 year 6.17% 4.10% 10.27%
3 years 7.76% 11.84% 19.60%
5 years 16.10% 21.00% 37.10%
Fund fee and expense information
Fees
Management company annual fee2 1.09%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 30 September 2019 1.47%
Less management company rebate 0.00%
Total Fund Expense 1.47%
Assets under management
Latest total assetsR 18,855.55m
Assets as at 30 September 2019 R 18,976.40m
Previous quarterR 19,508.61m
MoveR -532.22m
Income declaration and payment
Declaration30 June 2014
PaymentR 0.0262

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 6698.50m (35.3%)  
Foreign Bonds R 0.00m (0%)
Domestic Cash R 2508.19m (13.22%)  
Foreign Cash R 85.68m (0.45%)
Domestic Equity R 2742.66m (14.45%)  
Foreign Equity R 6136.68m (32.34%)
Domestic Property R 804.69m (4.24%)  
Foreign Property R 0.00m (0%)

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
Bond Exchange of South Africa 27.28% Bond Exchange of South Africa 26.13% Bond Exchange of South Africa 25.70%
Foord International Fund 19.89% Foord International Fund 19.07% Element Islamic Equity Fund 21.04%
Foord Global Equity Fund 12.90% Foord Global Equity Fund 10.62% Foord Global Equity Fund 11.83%
Cash on call 4.51% Cash on call 5.16% Cash on call 7.65%
NewGold 4.46% NewGold 3.85% NewGold 3.68%
Capital & Counties Properties PLC 2.89% Money Market - 17 months duration 2.75% Capital & Counties Properties PLC 2.95%
Money Market - 14 months duration 2.87% Capital & Counties Properties PLC 2.59% Bond Exchange of South Africa 2.74%
Bond Exchange of South Africa 2.18% Money Market - 1 month duration 2.53% Bond Exchange of South Africa 2.69%
BHP Group plc 1.92% Nedgroup Investments Corporate Money Market Fund 2.31% BHP Group plc 2.04%
Money Market - 7 months duration 1.92% BHP Group plc 2.08% Sasol Ltd. 1.90%
Total 80.82% Total 77.09% Total 82.22%

Fund Manager(s)

Foord Asset Management

Fund Overview
Objective
The portfolio aims to offer investors total returns that are in excess of inflation over the medium-term and is suitable for conservative investors requiring a high level of capital protection, with the potential for some capital growth and who do not wish to make complex asset allocation decisions between equities, cash and bonds, both locally and offshore. Diversification across asset classes and a maximum equity exposure of 40% helps to reduce risk and volatility relative to an average prudential portfolio. The portfolio complies with Regulation 28 of the South African Pension Funds Act.
Benchmark
Inflation plus 4% per annum, over a rolling 3-year period