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-0.89  /  -0.92%

97.24

NAV on 2021/02/25
NAV on 2021/02/24 98.13
52 week high on 2020/12/18 101.3
52 week low on 2020/03/23 81.49
Total Expense Ratio on 2020/12/31 0.73
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change 1.04% 1.04%
3 month change -0.92% 3.32%
6 month change 3.94% 8.39%
1 year change -1.34% 7.42%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 3.06 1.84%
SA Bonds 163.86 98.16%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Ashburton Management Company (RF) (Pty) Ltd.
Formation date:
2016/07/04
ISIN code:
ZAE000220810
Short name:
U-ASHGOVT
Risk:
Unknown
Sector:
South African--Interest Bearing--Variable Term
Benchmark:
JSE Government Bond Index
  • Fund management  
Stuart Wocke
Ashburton Fund Solutions


  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
1 The objective of the Ashburton GOVI Tracker Fund is to track the full economic performance of the underlying index, JSE Government Bond Index, and to focus on achieving a total compound annual return which will substantially equate to the compound annual return of the Portfolio benchmark, as adjusted to take into account transaction and other costs and assets in liquid form. 2 The Portfolio will be passively managed in that the Manager will not buy and sell securities based on economic, financial and/or market analysis but rather, will buy and sell securities solely for the purpose of ensuring that the Portfolio tracks the Index. As such the investment objective and style of the Portfolio will be full replication of the Index. Accordingly the financial or other condition of any company or entity included from time to time in the Index will not result in the elimination of its securities from the Portfolio, unless the securities of such company or entity are removed from the Index itself. Trading in other instruments replicating the index as permissible by the Act will be allowed. The Portfolio is permitted to use financial instruments for efficient portfolio management purposes. 3 The Portfolio may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the Portfolio only where the regulatory environment is to the satisfaction of the Manager and Trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa. 4 This Portfolio will be managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed by the Act 5 Nothing in the supplemental deed shall preclude the Manager from varying the ratios of asset allocation and securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and any supplemental deeds thereto; provided that the Manager shall ensure that the aggregate value of the assets comprising the Portfolio shall consist of securities of the aggregate value required from time to time by the Act. 6 The Trustee shall ensure that the investment policy set out in this supplemental deed, the deed and in all supplemental deeds thereto is carried out. 7 For the purpose of this Portfolio, the Manager in consultation with the Investment Manager shall reserve the right to close the Portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the Portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager. To provide investors with a real rate of return through cost effective exposure to a diversified portfolio of government bonds. The Ashburton Bond Tracker Fund invests in bonds based on the value issued by National Treasury and the listed value on the JSE. The Ashburton Bond Tracker aims to track the economic performance of the JSE Government Bond Index (GOVI). The GOVI index comprises all bonds issued by the Republic of South Africa that fall into the top 10 positions of the Composite All Bond Index (ALBI). The fund tracks the component bonds of the index in proportion to the index weightings and returns interest to investors semi-annually with no prescribed fixed investment period. The fund has exposure to government bonds, and as a result risks include, but are not limited to; default risk, interest rate risk, inflation risk, market volatility, economic and political risk.
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