0  /  0%

109.45

NAV on 2020/10/29
NAV on 2020/10/28 109.45
52 week high on 2020/10/22 109.52
52 week low on 2020/03/24 101.01
Total Expense Ratio on 2020/03/31 0.86
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV
Incl Dividends
1 month change 0.6% 0.6%
3 month change 2.2% 2.2%
6 month change 4.93% 4.93%
1 year change 2.93% 2.93%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
General Equity 35.64 7.06%
Liquid Assets 431.44 85.45%
Offshore 37.81 7.49%
  • Top five holdings
GOVTISSUPAPER 191.15 37.86%
PUBLENTISSPAP 107.29 21.25%
FINANCEINSTIT 84.01 16.64%
DOMESTICFUNDE 35.64 7.06%
  • Performance against peers
  • Fund data  
Management company:
Laurium Capital
Formation date:
2019/03/07
ISIN code:
ZAE000266490
Short name:
U-LAUINCP
Risk:
Unknown
Sector:
South African--Multi Asset--Income
Benchmark:
SteFi Call 110%
Email
laurium@lauriumcapital.com

Website
www.lauriumcapital.com

Telephone
011-263-7700

  • Fund management  
Jean-Pierre du Plessis


  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
Laurium Income Prescient Fund aims to preserve Capital with low volatility of returns and a low correlation to equity markets through all market cycles. In order to achieve this objective, the fund will primarily consist of income-oriented assets, including but not limited to debt securities, debentures, additional tier 1 capital instruments, money market instruments, bonds (including inflation linked bonds), property, preference shares, and derivatives. The fund will also have a low exposure to equity markets including preference shares as determined by legislation from time to time. The fund will predominately invest in South African markets but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by legislation from time to time. The strategy of the fund is one of active management- that aims to
generate performance by taking interest rate views (adjusting duration), enhancing yield via credit instruments and forecasting the economic cycle to benefit from widening or narrowing of credit spreads, determining the appropriate asset allocation between income producing asset classes, utilising offshore exposure and making use of derivatives to implement the strategy.
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. 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.
Nothing in the supplemental deed shall preclude the manager from varying the ratios of securities, to maximise 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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