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-0.09  /  -0.08%


NAV on 2021/02/26
NAV on 2021/02/25 106.03
52 week high on 2020/02/28 107.02
52 week low on 2020/03/24 100.3
Total Expense Ratio on 2020/09/30 1.19
Total Expense Ratio (performance fee) on 2020/09/30 0
Incl Dividends
1 month change -0.06% -0.06%
3 month change 0.02% 1.16%
6 month change 0.46% 2.89%
1 year change -1.24% 5.22%
5 year change 0.72% 7.63%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 1.67 0.03%
Consumer Goods 0.83 0.02%
Consumer Services 0.22 0.00%
Financials 42.98 0.88%
Fixed Interest 90.54 1.86%
Liquid Assets 1048.68 21.56%
Managed 84.54 1.74%
Money Market 194.52 4.00%
Real Estate 9.53 0.20%
SA Bonds 3463.78 71.22%
Spec Equity 91.28 1.88%
Technology 0.57 0.01%
Offshore -165.50 -3.40%
  • Top five holdings
U-ANCGFIN 91.28 1.88%
U-ANCOINC 90.54 1.86%
U-ANCAFIF 84.54 1.74%
MM-32MONTH 61.01 1.25%
MONEYMARK 51.76 1.06%
  • Performance against peers
  • Fund data  
Management company:
Anchor Capital (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Income
SteFI Call deposit rate + 1%
  • Fund management  
Nolan Wapenaar
Nolan read for his MCom degree from the University of the Witwatersrand and is a CA(SA). He gained fixed income experience during his seven years at Rand Merchant Bank and six years at Deutsche Bank. After the great financial crises, he was appointed to head the Deutsche Bank European Structured Credit Finance trading desk with assets under management in excess of $3 billion. Following the orderly restructuring and exit of these problem assets, he was appointed to the New York offices where he provided risk reduction solutions to clients. He was successful in managing the fixed income portfolios at Efficient Select, with the fund being a regular feature of the top quartile of performers on most meaningful time periods.

  • Fund manager's comment

Anchor BCI Flexible Income comment - Dec 19

2020/02/14 00:00:00 a solid 9.3% return for 2019, our a..en..on is towards the year ahead. The outcome for 1Q20 will be dominated by the SA government’s ability to make difficult decisions that will steady Eskom, open up the power market and deal with the excessive debt burden.
Market consensus is that SA will lose its last investment grade on 27 March when Moody’s announces its decision. This is certainly possible, although we are of the view that some trac..on on the Eskom crisis and a sensible “austerity” budget from Finance Minister Tito Mboweni at the end of February will be enough for the agency to give us a stay of execu..on un..l its visit on 20 November.
A good outcome means two interest rate cuts this year, while a bad outcome means two rate hikes. 2020 is going to be a year of binary outcomes, with event risk around every corner.
Our low risk posi..oning will maintain a stable and dependable outcome for investors in this por..olio.
  • Fund focus and objective  
Investments to be acquired for the portfolio may include equity securities, property securities, property related securities, interest bearing securities, non-equity securities, money market instruments, preference shares and assets in liquid form. The portfolio may from time to time invest in listed and unlisted financial instruments. The manager may only include the following unlisted financial instruments for efficient portfolio management purposes: forward currency, interest rate and exchange rate swap transactions. The portfolio will comply with prudential investment guidelines to the extent allowed for by the Act. However, the portfolio's equity exposure may be as high as 10% of the portfolio's net asset value, whilst its property exposure may be as high as 25%.

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