0.02  /  0.02%


NAV on 2020/10/30
NAV on 2020/10/29 103.7
52 week high on 2020/03/31 103.78
52 week low on 2020/01/02 103.07
Total Expense Ratio on 2020/03/31 0.59
Total Expense Ratio (performance fee) on 2020/03/31 0
Incl Dividends
1 month change 0.01% 0.38%
3 month change 0.08% 1.24%
6 month change -0.01% 2.71%
1 year change 0.08% 6.65%
5 year change 0.11% 7.8%
10 year change 0.18% 6.95%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 153.06 5.76%
Money Market 619.11 23.31%
SA Bonds 1884.38 70.93%
  • Top five holdings
MM-01MONTH 135.83 5.11%
MM-09MONTH 121.31 4.57%
MM-10MONTH 94.74 3.57%
MM-08MONTH 65.00 2.45%
MM-03MONTH 50.14 1.89%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
ISIN code:
Short name:
South African--Interest Bearing--Short Term
STeFI Call



  • Fund management  
Farzana Bayat
Terri McGregor
Prescient Interest Bearing Team

  • Fund manager's comment

Prescient Yield Quant Plus Fund Comment- Dec 19

2020/02/24 00:00:00
December saw the usual end of year slowdown in market activity as most market participants took a break. The ZAR had a strong month as it strengthened by more than 3% against the US dollar. This was mostly driven by a risk on tone in global markets due to hopes of an end to the trade wars between the US and China. Rates had a more muted reaction as they were largely unchanged. The FRA curve continues to price in one interest rate cut over the next 12 months. Looking ahead, many of the risk factors facing the SA market still remains relevant. The fiscal trajectory has not improved, with little in the way of plans to fix it. Eskom's woes are set to intensify as load shedding again becomes part of South African lives. With the ANC set to meet in June, the market will closely watch the power dynamics and the ability of the President to implement the unpopular but desperately necessary reforms. The Fund is earning an attractive real yield of between 3% and 4%, with a strong focus on high quality, shorter term liquid assets. We remain cognisant of the looming risks and will again wait for an opportunity to increase the duration in the Fund. The Fund outperformed its benchmark in December as well as over the last twelve months. The bulk of the performance came from good quality paper held in the portfolio, which generated yield over and above the benchmark.
  • Fund focus and objective  
The Fund aims to achieve returns above the STeFI Call Index and the average money market fund, while
minimising the risk of any underperformance. Importantly, the Fund is managed conservatively and it aims to maintain capital stability and liquidity.

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