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NAV on 2021/07/28
NAV on 2021/07/27 100
52 week high on 2020/07/30 100
52 week low on 2020/07/30 100
Total Expense Ratio on 2021/06/30 0.25
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 0% 0.31%
3 month change 0% 0.94%
6 month change 0% 1.79%
1 year change 0% 3.83%
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 359.38 100.00%
  • Top five holdings
GOVTISSUPAPER 283.84 78.98%
TOTDOMMONMKT 52.88 14.71%
  • Performance against peers
  • Fund data  
Management company:
Fairtree Asset Management (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Interest Bearing--Money Market
STeFI Call Deposit Index



  • Fund management  
Jacobus Lacock
Jacobus joined Fairtree Capital in 2011. He currently co-manages the multi asset class portfolios and acts as macro strategist for the firm. Prior to Fairtree Capital he was at Goldman Sachs Asset Management in London where he was the head of fixed income and currency product management.
Ian Millard

  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The objectives of the Fairtree Money Market Prescient Fund is: 1) to maximize current income while preserving capital; and 2) to provide daily liquidity to investors by investing mainly in South African, high quality, short-term money market and fixed income instruments. The Fund will aim to outperform the STeFI Call Deposit Index, after fees. Capital losses are unlikely, but will be borne by the Fund and its investors if they do occur. Although the Fund will predominately invest in South African markets, the Manager may also include investments in offshore jurisdictions subject to the investment conditions determined by the Authority from time to time. The Fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time.
The portfolio 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.
Nothing in the supplemental deed shall preclude the Manager from varying the ratios of securities, to preserve capital and maximise income 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 Fund 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 Fund, the Manager in consultation with the Portfolio Manager, shall reserve the right to close the Fund to new investors on a date determined by the Manager. This will be done in order to be able to manage the Fund in accordance with its mandate. The Manager may, once a Fund has been closed, open that Fund again to new investors on a date determined by the Manager.

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