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2.95  /  0.25%


NAV on 2021/03/01
NAV on 2021/02/26 1170.78
52 week high on 2020/03/06 1189.66
52 week low on 2020/04/03 1112.77
Total Expense Ratio on 2020/12/31 1.17
Total Expense Ratio (performance fee) on 0
Incl Dividends
1 month change 0.51% 0.51%
3 month change 1.08% 2.17%
6 month change 1.09% 3.49%
1 year change -1% 4.72%
5 year change 0.48% 7.32%
10 year change 1.18% 7.77%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Derivatives 1.89 0.31%
Financials 7.35 1.22%
Fixed Interest 257.64 42.63%
Liquid Assets 20.20 3.34%
Money Market 42.99 7.11%
Other Sec 18.56 3.07%
Real Estate 1.82 0.30%
SA Bonds 209.06 34.59%
Specialist Securities 0.90 0.15%
Offshore 43.91 7.27%
  • Top five holdings
U-CORSTRI 119.71 19.81%
U-NEDFLXI 119.48 19.77%
U-PRENINC 14.45 2.39%
MM-03MONTH 9.00 1.49%
MM-12MONTH 6.32 1.05%
  • Performance against peers
  • Fund data  
Management company:
Ashburton Management Company (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Income
110% of the STeFI 3 month deposit
  • Fund management  
Ashburton Multi Management

  • Fund manager's comment

BJM Income Fund Comment - Mar 12

2012/07/05 00:00:00
The first quarter of 2012 saw property outperform cash by a wide margin. The Property Loan Stock Index was up 9.12% and bonds up 2.4%. The Stefi call deposit yield was 1.3%. The rand gained just over 5% relative to the US dollar and the fund's US dollar holding was its biggest drag on performance. The fund delivered 1.76% over this quarter, ahead of cash (1.3%). The fund's asset allocation has not changed significantly over the quarter with an overweight position in corporate bonds and property relative to its benchmark.
  • Fund focus and objective  
The objective of this fund is to provide investors with a high and growing income stream with limited capital volatility over the medium term. The fund typically invests in money market, bonds, property, preference shares and other high yielding instruments through segregated portfolios managed by specialist investment managers in each asset class. There will be no prescribed maturity limit.This portfolio is diversified across various asset classes. It provides the investor with greater cash and fixed income exposure compared to other asset classes. The fund's exposure to fixed income investments creates sensitivity to changes in bond yields. risin interest rates and inflation uncertainty. as well as exposure to economic. political and credit risk. For credit and income instruments. while unlikely. capital loss may occur due to an event like an issuer's default. The portfolio typically displays higher volatility and lower liquidity than a money market portfolio. This fund has exposure to foreign investment funds and is susceptible to currency risk and potential macroeconomic and political risks brought about by funds invested across various regions. Investments in equity and property are volatile and are susceptible to changes in general market conditions, as well as economic, political and company specific risks.

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