Funds A-Z

Ninety One Global Multi-Asset Income Feeder Fund (H)

Ninety One Global Multi-Asset Income Feeder Fund (H)
Global--Multi Asset--Low Equity
Fund Code: GOIH
Inception Date: 26 February 2016
Regulation 28 Compliant: No

Pricing and Rank Information
Latest price 08 July 2020 R 2.20
12 month sector rank4 / 11
12 month overall rank91 / 1315
12 month volatility12.50
Performance as at 08 July 2020 1
InvestedPriceIncomeTotal
3 months -0.43% 0.00% -0.43%
6 months 18.39% 0.00% 18.39%
1 year 21.70% 0.00% 21.70%
3 years 38.47% 0.00% 38.47%
5 years n/a n/a n/a
Fund fee and expense information
Fees
Management company annual fee2 1.15%
Negotiated management company rebate n/a
Expenses
Fund TER as at 31 March 2020 1.31%
Less management company rebate n/a
Total Fund Expense 1.31%
Assets under management
Latest total assetsR 1,542.10m
Assets as at 31 March 2020 R 1,342.32m
Previous quarterR 970.06m
MoveR 372.26m
Income declaration and payment
Declaration31 March 2020
PaymentR 0.00

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 0.00m (0%)  
Foreign Bonds R 799.08m (59.53%)
Domestic Cash R 30.20m (2.25%)  
Foreign Cash R 289.14m (21.54%)
Domestic Equity R 0.00m (0%)  
Foreign Equity R 195.04m (14.53%)
Domestic Property R 0.00m (0%)  
Foreign Property R 28.86m (2.15%)

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
Ninety One GSF Global Multi-Asset Income Fund A Acc 94.34% Ninety One GSF Global Multi-Asset Income Fund A Acc 99.06% Ninety One GSF Global Multi-Asset Income Fund A Acc 98.63%
USA - Currency 3.41% Cash on call 0.94% Cash on call 1.37%
Cash on call 2.25% USA - Currency 0.00% USA - Currency 0.00%
Total 100.00% Total 100.00% Total 100.00%

Fund Manager(s)

John Stopford

Fund Overview
Objective
Investment objective The Ninety One Global Multi-Asset Income Feeder Fund aims to grow income and to preserve capital over the medium term. The fund's objective is to outperform the Citigroup 3-7 Year World Government Bond Index. Strategy This rand-denominated fund invests in international fixed-income assets and cash. The portfolio manager invests predominantly in Investec's comprehensive offshore range of money market, cash plus, currency and bond funds. The allocation of exposure between offshore money market and fixed-interest funds is actively managed to reflect Investec's global currency and interest rate outlook. During favourable bond market conditions, the fund is likely to be aggressively positioned for capital growth. During unfavourable bond market conditions, the fund is likely to be defensively invested in money and cash plus funds in order to preserve capital. Fund features o Access to Investec's comprehensive, quality range of international money market, cash plus, currency and bond funds o The exposure to the different funds is actively managed, reflecting Investec's global currency and interest rate outlook o This specialist fixed-interest fund may have the characteristics of a bond fund, a pure income fund or anything in between, depending on the interest rate cycle o Can be used as part of a larger portfolio, offering the prospect of attractive outperformance of global bond indices
Benchmark
LIBOR UDS Overnight Index (ZAR)