0.08  /  0.06%

131.97

NAV on 2020/07/31
NAV on 2020/07/30 131.89
52 week high on 2020/01/20 142.69
52 week low on 2020/03/24 117.95
Total Expense Ratio on 2020/03/31 1.85
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV
Incl Dividends
1 month change 1.19% 1.19%
3 month change 6.09% 6.09%
6 month change -6.93% -2.25%
1 year change -3.79% 1.05%
5 year change 0.34% 4.17%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Bonds 34.88 12.67%
Fixed Interest 34.06 12.38%
General Equity 53.57 19.46%
Gilts 37.44 13.61%
Liquid Assets 3.45 1.25%
Managed 47.82 17.38%
Money Market 6.02 2.19%
Specialist Securities 11.19 4.06%
Offshore 46.78 17.00%
  • Top five holdings
U-NEDREN 47.82 17.38%
U-CORBOND 34.88 12.67%
U-SEEDINC 31.66 11.5%
SEEDGLBB 28.35 10.3%
U-STCSA 28.20 10.25%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2012/01/09
ISIN code:
ZAE000162202
Short name:
U-SEEDABS
Risk:
Unknown
Sector:
South African--Multi Asset--Low Equity
Benchmark:
CPI + 4% p.a.
Email
info@prescient.co.za

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

Telephone
+27-21-700-3600

  • Fund management  
Ian de Lange
Mike Browne


  • Fund manager's comment

Seed Absolute Return comment - Sep 13

2013/11/27 00:00:00
The Seed Absolute Return Fund has been invested into the Investec Global Franchise Fund for most of its existence, and it is now a material part of the Fund (10% allocation).
Investec Global Franchise invests into a concentrated portfolio of high quality global companies - i.e. companies that have shown the ability to consistently grow shareholder wealth at rates superior to the market. The fund will typically hold no more than 40 counters at any point, reflecting the manager's high conviction in each holding.
As a result of the mandate, the fund invests into a diverse basket of defensive shares that trade at fair multiples and are highly cash generative. Top holdings currently include Nestle, IBM, Johnson & Johnson, Unilever, Anheuser-busch Inbev, Microsoft, and Philip Morris.
The fund has been a top performer since launch, but relative returns have been more muted recently. We expect that it will lag in strong equity markets, but outperform strongly in down markets. As the Seed Absolute Return Fund has a positive return mindset we are willing to take relative underperformance in up months in order to better preserve capital when markets fall.
The Seed Absolute Return Fund has delivered CPI + 4% per annum since launch.
  • Fund focus and objective  
The Seed Stable Fund is a Multi Asset Low Equity Fund. As a multi-manged multi strategy Fund, Seed is resposible for tactical asset allocation and strategy selection, with focus on blending uncorrelated strategies. Manger selection is skewed towards owner managed investment firms with a consistent, repeatable process.The Fund aims to generate CPI + 4% pa over rolling 3 year periods and avoid negative returns over any 1 year period. The Fund is Regualtion 28 compliant and is therefore suitable for investments in retirement funds. The net equity weighting (including global equity) will never exceed 40% of the Fund's market value.
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