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 08 July 2020 R 15.23
12 month sector rank44 / 93
12 month overall rank440 / 1315
12 month volatility4.23
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months 1.58% 1.33% 2.91%
6 months -1.57% 2.96% 1.39%
1 year -0.93% 6.48% 5.55%
3 years 1.69% 23.24% 24.93%
5 years 4.20% 44.31% 48.51%
Fund fee and expense information
Fees
Management company annual fee2 0.57%
Negotiated management company rebate 0.00%
Expenses
Fund TER as at 31 December 2019 0.61%
Less management company rebate 0.00%
Total Fund Expense 0.61%
Assets under management
Latest total assetsR 17,745.33m
Assets as at 31 March 2020 R 17,068.73m
Previous quarterR 17,078.06m
MoveR -9.34m
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 31 March 2020
Domestic Bonds R 6535.62m (38.29%)  
Foreign Bonds R 2633.70m (15.43%)
Domestic Cash R 8624.83m (50.53%)  
Foreign Cash R -1356.96m (-7.95%)
Domestic Equity R 365.27m (2.14%)  
Foreign Equity R 0.00m (0%)
Domestic Property R 249.20m (1.46%)  
Foreign Property R 17.07m (0.1%)

Top Holdings Top Holdings Top Holdings
As at end March 2020 As at end December 2019 As at end September 2019
HOLDING % OF FUND HOLDING % OF FUND HOLDING % OF FUND
Nedgroup Investments Corporate Money Market Fund 17.41% Nedgroup Investments Corporate Money Market Fund 17.46% Nedgroup Investments Corporate Money Market Fund 16.88%
Cash on call 10.13% Money Market Instrument 14.25% Money Market Instrument 16.74%
Bond Exchange of South Africa 9.61% Cash on call 8.04% Cash on call 9.66%
Bond Exchange of South Africa 7.59% Abax Global Income Fund 4.97% Abax Global Income Fund 5.66%
Abax Global Income Fund 6.12% Bond Exchange of South Africa 4.96% Bond Exchange of South Africa 5.22%
Money Market - 18 months duration 5.56% Bond Exchange of South Africa 4.65% Money Market - 24 months duration 5.06%
Money Market Instrument 4.26% Money Market - 21 months duration 4.52% Bond Exchange of South Africa 4.33%
Bond Exchange of South Africa 3.84% Bond Exchange of South Africa 3.85% Foreign - Bonds 3.34%
Bond Exchange of South Africa 3.27% Bond Exchange of South Africa 3.30% Money Market - 35 months duration 2.58%
Money Market - 34 months duration 2.60% Money Market - 32 months duration 2.31% Bond Exchange of South Africa 2.42%
Total 70.39% Total 68.31% Total 71.89%

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