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-1.58  /  -0.54%


NAV on 2019/09/13
NAV on 2019/09/12 294.8
52 week high on 2019/08/14 310.13
52 week low on 2019/01/31 265.66
Total Expense Ratio on 2019/06/30 1.19
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change -4% -4%
3 month change -2.12% -2.12%
6 month change 1.82% 1.82%
1 year change -0.03% -0.03%
5 year change 7.55% 7.55%
10 year change 8.1% 8.1%
Price data is updated once a day.
  • Sectoral allocations
Fixed Interest 0.25 0.31%
Liquid Assets -0.21 -0.25%
Offshore 82.67 99.95%
  • Top five holdings
PGIPC 81.56 98.61%
U-PRESCMM 0.25 0.31%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
ISIN code:
Short name:
Global--Multi Asset--Income
US Inflation + 1% (ZAR) LAG
Contact details




  • Fund management  
Prescient Interest Bearing Team

  • Fund manager's comment

Prescient Glbl Income Provider Fdr cmmt - Mar 19

2019/05/24 00:00:00
March proved an interesting month for global markets as a number of the key headline risks continued to stumble along without any clarity. Brexit was no closer to concluding, the trade war rhetoric continued and global growth concerns remained with markets watching data with keen eyes. With the Federal Reserve turning even more dovish during March, risky assets, including those in Emerging Markets, benefitted from the risk on environment. This, however, was short lived as Emerging Market concerns returned with troubles out of Turkey. With markets focused on the risks to global growth, all participants have again become data watchers and were keenly looking for any signs of weakness that could prompt a response from central banks. The rand appreciated marginally against the US dollar, which saw the feeder fund underperform.
Contributors to Performance: The deposits and good yielding notes held in the portfolio earned decent yield for the month and was the largest contributor to performance.
Detractors from performance: The yield earned on the deposits and notes held were offset by the property holdings and the short German bund trade.
  • Fund focus and objective  
The Fund aims to generate real return in US Dollars and is benchmarked to the US 90 day Treasury Bill rate, converted to Rands.
The investment universe includes fixed, floating, real and nominal money market and bond market
investments, property, derivatives and global currencies. Fund performance can be generated from taking
interest rate views or duration, yield enhancement via credit instruments, asset allocation between income
producing asset classes, the use of derivatives and currency management. Focus is placed on maintaining the high credit quality of the Fund.
Investors seeking a hedge against any rand depreciation while gaining exposure to high yielding offshore
assets that are not available locally. This Fund is suitable to investors with a medium to long-term investment horizon.
These portfolios typically exhibit more volatility and potential for capital losses due to higher exposure to
equities and exposure to offshore markets where currency fluctuations may result in capital losses. These
portfolios typically target returns in the region of 5% - 6% above inflation over the long term.
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