Funds A-Z

Nedgroup Investments Flexible Income Fund (B1)

Nedgroup Investments Flexible Income Fund (B1)
South African--Multi Asset--Income
Fund Code: NEIFB
Inception Date: 03 January 2012
Regulation 28 Compliant: No

Pricing and Rank Information
Latest price 18 November 2019 R 15.57
12 month sector rank34 / 85
12 month overall rank472 / 1265
12 month volatility2.65
Performance as at 18 November 2019 1
InvestedPriceIncomeTotal
3 months 0.39% 1.80% 2.19%
6 months 0.67% 3.53% 4.20%
1 year 2.43% 7.10% 9.53%
3 years 3.44% 24.95% 28.39%
5 years 6.88% 45.66% 52.54%
Fund fee and expense information
Fees
Management company annual fee2 0.57%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 30 June 2019 0.61%
Less management company rebate 0.00%
Total Fund Expense 0.61%
Assets under management
Latest total assetsR 16,397.76m
Assets as at 30 September 2019 R 15,245.92m
Previous quarterR 12,903.06m
MoveR 2,342.85m
Income declaration and payment
Declaration30 September 2014
PaymentR 0.2965

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 5009.50m (32.86%)  
Foreign Bonds R 2567.87m (16.84%)
Domestic Cash R 8457.06m (55.47%)  
Foreign Cash R -1606.46m (-10.54%)
Domestic Equity R 538.94m (3.54%)  
Foreign Equity R 0.00m (0%)
Domestic Property R 250.95m (1.65%)  
Foreign Property R 28.05m (0.18%)

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
Nedgroup Investments Corporate Money Market Fund 16.88% Nedgroup Investments Corporate Money Market Fund 15.63% Money Market Instrument 15.86%
Money Market Instrument 16.74% Money Market Instrument 14.14% Nedgroup Investments Corporate Money Market Fund 13.63%
Cash on call 9.66% Cash on call 12.00% Cash on call 11.62%
Abax Global Income Fund 5.66% Bond Exchange of South Africa 6.19% Abax Global Income Fund 6.20%
Bond Exchange of South Africa 5.22% Abax Global Income Fund 5.48% Bond Exchange of South Africa 5.75%
Money Market - 24 months duration 5.06% Bond Exchange of South Africa 5.12% Bond Exchange of South Africa 5.21%
Bond Exchange of South Africa 4.33% Money Market - 27 months duration 3.53% Foreign - Bonds 4.36%
Foreign - Bonds 3.34% Foreign - Bonds 3.42% Bond Exchange of South Africa 4.21%
Money Market - 35 months duration 2.58% Bond Exchange of South Africa 2.80% Bond Exchange of South Africa 2.70%
Bond Exchange of South Africa 2.42% Bond Exchange of South Africa 2.42% Bond Exchange of South Africa 2.64%
Total 71.89% Total 70.73% Total 72.18%

Fund Manager(s)

Abax Investments

Fund Overview
Objective
The portfolio is suitable for investors seeking enhanced money market returns, but who have a low tolerance for capital loss and who do not wish to make complex asset allocation decisions between cash, bonds, property and other fixed interest asset classes.
Benchmark
110% STeFI Call Deposit