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NAV on 2019/09/12
NAV on 2019/09/11 100
52 week high on 2018/09/18 100
52 week low on 2018/09/18 100
Total Expense Ratio on 2019/06/30 1.38
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change 0% 0.49%
3 month change 0% 1.49%
6 month change 0% 3%
1 year change 0% 6.09%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 168.93 11.96%
Consumer Goods 201.34 14.26%
Consumer Services 175.88 12.45%
Financials 502.75 35.60%
Fixed Interest 16.66 1.18%
Health Care 19.32 1.37%
Industrials 88.32 6.25%
Liquid Assets 120.59 8.54%
Telecommunications 118.35 8.38%
  • Top five holdings
 CORONAT 135.77 9.61%
 LIB-HOLD 104.81 7.42%
 SANLAM 100.60 7.12%
 VODACOM 95.64 6.77%
 BHP 95.41 6.76%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Flexible
STeFI Call after statutory tax of 40% net of fees
Contact details




  • Fund management  
Guy Toms
Guy is Prescient's Chief Investment Strategist and one of its co-founders. After graduation, Guy worked as a bond analyst and manager, and as derivatives specialist at asset management houses including Colonial Mutual, Cape Gilt Investments and Southern Life. At Investec, Guy worked as a bond manager and was responsible for all derivative exposure in the pension funds. He then joined District Securities Bank where he was later appointed a Bank Director, before leaving to establish Prescient Investment Management with Herman Steyn
Farzana Bayat

  • Fund manager's comment

Prescient Optimised Income Fund comment - Mar 19

2019/05/24 00:00:00
The current net Fund yield after annual management fees, distribution fees and tax is 6.29%.
  • Fund focus and objective  
The Prescient Optimised Income Fund's primary objective will be to offer a low risk investment in assets consistent with principles of capital preservation for investors seeking protection from equity and bond market volatility while maintaining liquidity. The Fund will aim to deliver a competitive after tax return with capital gains being of an incidental nature. The Fund will invest in equities, money market instruments and other interest bearing securities as defined in legislation from time to time. Equity exposure will only be taken where equity repurchase agreements are in place, hence eliminating capital volatility completely. This exposure together with interest bearing assets will result in limited interest rate risk, no downside volatility and limited credit risk while optimizing after tax investment returns for investors by earning a component of income via dividends which has a lower effective tax rate. The portfolio is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The portfolio will predominately invest in South African markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions by legislations from time to time. The portfolio may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa. Nothing in the supplemental deed shall preclude the manager from varying the ratios of asset allocation and securities, to maximize absolute return and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out. For the purpose of this portfolio, the manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
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