0.07 /
0.07%
101.58
NAV on 2019/05/20
| NAV on 2019/05/17 |
101.51 |
| 52 week high on 2018/11/15 |
102.02 |
| 52 week low on 2018/11/01 |
101.03 |
| Total Expense Ratio on 2018/12/31 |
0.76 |
| Total Expense Ratio (performance fee) on 2018/12/31 |
0 |
| Liquid Assets |
2540.07 |
100.00% |
|
FINANCEINSTIT |
2257.69 |
88.88% |
|
PUBLENTISSPAP |
181.29 |
7.14% |
|
CORPDBTCONVRT |
30.25 |
1.19% |
Management company:
Professional Provident Society Management Company |
Formation date:
2007/05/14 |
ISIN code:
ZAE000089868 |
Short name:
U-PPSENHC |
Risk:
Unknown |
Sector:
South African--Interest Bearing--Short Term |
Benchmark:
Alexander Forbes 3-month (STEFI) Index |
PPS Multi-Managers Proprietary Ltd
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.
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.
Insider GOLD
