0.31  /  0.32%

97.28

NAV on 2020/08/11
NAV on 2020/08/10 96.97
52 week high on 2020/01/20 105.11
52 week low on 2020/04/01 89.29
Total Expense Ratio on 2019/09/30 0.72
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV
Incl Dividends
1 month change 0.75% 0.75%
3 month change 3.62% 3.62%
6 month change -7.3% -0.67%
1 year change -3.23% 3.69%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 146.30 7.13%
Consumer Goods 63.87 3.11%
Consumer Services 19.69 0.96%
Derivatives 25.81 1.26%
Financials 186.73 9.10%
Fixed Interest 122.53 5.97%
Gilts 791.25 38.57%
Health Care 11.24 0.55%
Industrials 20.77 1.01%
Liquid Assets 73.13 3.56%
Money Market 430.17 20.97%
Other Sec 5.11 0.25%
Specialist Securities 9.94 0.48%
Technology 123.27 6.01%
Telecommunications 21.54 1.05%
  • Top five holdings
MONEYMARK 352.21 17.17%
U-NICORMM 91.76 4.47%
 NASPERS-N 91.40 4.46%
 BATS 45.77 2.23%
MM-28MONTH 40.36 1.97%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2017/10/17
ISIN code:
ZAE000251013
Short name:
U-ABXABSA
Risk:
Unknown
Sector:
South African--Multi Asset--Low Equity
Benchmark:
CPI + 3% over a rolling 3 year period net of fees
Email
info@prescient.co.za

Website
http://www.prescient.co.za

Telephone
+27-21-700-3600

  • Fund management  
Rashaad Tayob
Rashaad joined Prescient Investment Management in February 2002 and has been specialising in money market instruments and their derivatives. He completed a Business Science degree, with honours in finance, at the University of Cape Town. Rashaad conducted his honours thesis in conjunction with Prescient where he researched benchmark enhancements for fixed income funds.


  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
To protect capital over a rolling period twelve month period and at the same time capture as much of the upside of equity and fixed income markets as possible.
The Abax SA Absolute Prescient Fund will seek to protect capital over a rolling twelve month period and at the same time capture as much of the upside of equity and fixed income markets as possible. In order to achieve this objective the Fund will invest in a diversified range of South African only securities including, but not limited to, equities, fixed income, money market, bonds, property and listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The Fund is not permitted to invest in offshore investment markets. The effective equity exposure will be between 0% and 40%.
The Fund will be subject to the Prudential Investment Guidelines for South African Retirement Funds, being Regulation 28 of the Pension Funds Act, or such other legislation published from time to time.
The Fund 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 registered in South Africa. Nothing in the supplemental deed shall preclude the manager from varying the ratios of 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.
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. 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.
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