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-0.19  /  -0.02%

852.17

NAV on 2020/06/02
NAV on 2020/06/01 852.3575
52 week high on 2020/01/03 1016
52 week low on 2020/03/12 846
Total Expense Ratio on 2020/03/31 0.52
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV Incl Dividends
1 month change 0.09% 0.09%
3 month change -5.31% -5.31%
6 month change -11.78% -11.78%
1 year change -6.25% -6.25%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 37.52 80.56%
Specialist Securities 9.05 19.44%
  • Top five holdings
U-TRACI3M 9.05 19.44%
  • Performance against peers
  • Fund data  
Management company:
NewFunds (Pty) Ltd.
Formation date:
2019/02/25
ISIN code:
ZAE000254884
Short name:
U-NFEMOD
Risk:
Unknown
Sector:
South African--Multi Asset--Flexible
Benchmark:
NewFunds/Absa Volatility Managed SA Moderate Equity Index
Contact details

Email
No email address listed.

Website
http://www.absacapitaletfs.com

Telephone
011-895--5517

  • Fund management  
NewFunds (Pty) Ltd.


  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The Portfolio will track and replicate the NewFunds/Absa Volatility Managed SA Moderate Equity Index, an index which allows an Investor to gain full market exposure to a universe of 25 liquid, JSE-listed equity securities selected on a 50/50 factor specification to momentum and low volatility characteristics demonstrated in their performance. The Portfolio will comprise of both equity securities and cash (assets in liquid form), the proportion of which will be determined by the risk management process (the concurrent target volatility control mechanism and drawdown management process). The target volatility control mechanism aims to increase the proportion allocated to equity securities during periods of low volatility; and in turn increases the proportion allocated to cash during periods of high volatility. Specifically, where volatility rises and exceed the target threshold of 15%, the proportion allocated to cash will be increased. Where such volatility decreases, the proportion allocated to equity securities will be increased. The drawdown management process aims to increase allocation to cash during periods where the drawdown of the equity basket approaches 25% i.e. where there is a 25% fall from the most recent price peak. In all instances the trade threshold is set at 10%.
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