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NAV on 2019/09/18
NAV on 2019/09/17 103.4
52 week high on 2019/07/31 103.73
52 week low on 2018/11/01 102.83
Total Expense Ratio on 2019/06/30 0.59
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change -0.01% 0.61%
3 month change 0.03% 2.01%
6 month change 0.09% 4.07%
1 year change 0.27% 8.35%
5 year change 0.13% 7.8%
10 year change 0.12% 7.05%
Price data is updated once a day.
  • Sectoral allocations
Gilts 900.09 38.67%
Liquid Assets 113.91 4.89%
Money Market 1313.58 56.44%
  • Top five holdings
MM-10MONTH 311.79 13.4%
MM-09MONTH 286.09 12.29%
MM-03MONTH 155.22 6.67%
MM-07MONTH 104.68 4.5%
MM-11MONTH 100.29 4.31%
  • 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
Contact details




  • Fund management  
Farzana Bayat
Terri McGregor

  • Fund manager's comment

Prescient Yield Quant Plus Fund Comment- Mar 19

2019/05/24 00:00:00
The Monetary Policy Committee unanimously kept the repo rate unchanged at 6.75% last month. From the meeting, mention was made that upside risks remain locally with administered prices and the oil price named as specific concerns. Meanwhile, global factors countered these to some degree with downside risks of lower global inflation amidst the revision lower for the global growth outlook, and thus the accommodative monetary policies in place.
The National Energy Regulation Agency (NERSA) granted Eskom tariff increases of 9.4%, 8.1% and 5.22% for years through 2019-2021 respectively. Towards month-end, the rand weakened with most other emerging market currencies as Turkey implemented additional foreign exchange controls to prevent the lira from depreciating further. After waiting on tenterhooks for an extended period, Moody's eventually refrained from publishing any review on SA. With the low inflation prints over the previous three months, the forward rates priced in the market, continued to show no move in rates over the next 12 months. The Fund outperformed its benchmark in March as well as over the last twelve months. The bulk of the performance came from good quality credit held in the portfolio, which generated yield over and above the benchmark. The actively managed duration positioning over the month also added to the above benchmark performance.
  • 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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