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0.02  /  0.02%

101.5

NAV on 2019/01/16
NAV on 2019/01/15 101.48
52 week high on 2018/11/15 102.06
52 week low on 2018/11/01 101.05
Total Expense Ratio on 2018/09/30 0.31
Total Expense Ratio (performance fee) on 0
NAV Incl Dividends
1 month change 0.02% 0.71%
3 month change 0.01% 2.04%
6 month change 0.01% 4.1%
1 year change 0.03% 8.44%
5 year change 0.04% 7.7%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 2429.21 100.00%
  • Top five holdings
FINANCEINSTIT 2182.63 89.85%
CORPDBTCONVRT 60.56 2.49%
GOVTISSUPAPER 60.36 2.48%
TOTDOMMONMKT 39.18 1.61%
PUBLENTISSPAP 20.23 0.83%
  • Performance against peers
  • Fund data  
Management company:
Professional Provident Society Management Company
Formation date:
2007/05/14
ISIN code:
ZAE000173183
Short name:
U-PPSENHC
Risk:
Unknown
Sector:
South African--Interest Bearing--Short Term
Benchmark:
Alexander Forbes 3-month (STEFI) Index
Contact details

Email
clientservices@ppsinvestments.co.za

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

Telephone
0860-468--777 (INV PPS)

  • Fund management  
PPS Multi-Managers Proprietary Ltd


  • Fund manager's comment

PPS Enhanced Cash Fund comment - Dec 08

2009/04/07 00:00:00
Your fund continued to outperform its STEFI 3-month index benchmark over all periods measured. The underlying manager (Coronation) has taken advantage of the interest rate environment of the last six months and locked in attractive yields on short-dated money market paper, and further enhanced the yield of the fund by using corporate debt. The duration (average instrument maturity) of the fund decreased over the second half of the year from 0.40 years to 0.25 years, as the fixed instruments that the manager invested in during period moved closer to maturity. Although the duration of your fund is currently similar to the benchmark, the maturity profile is very different, with the bulk (64%) of the fund being invested in the 1-to-6 month area of the yield curve. The manager also has small positions in the 7-to-9 months, 10-to-12 months and 1-to-3 year areas of the yield curve.
  • Fund focus and objective  
Investment objective
The PPS Enhanced Yield Fund aims to provide investors with income in excess of its benchmark, while providing capital protection and maintaining a high degree of liquidity. It is also a suitable vehicle for retirement savings.
Investment mandate
The portfolio will not invest in shares. It typically invests in interest-earning securities, such as bonds and fixed deposits. It may invest in listed or unlisted financial instruments. Ratios may vary, to optimise prevailing market conditions. It may also hold units in collective investment schemes or other similar schemes.
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