-0.02  /  -0.02%

101.42

NAV on 2020/10/28
NAV on 2020/10/27 101.4438
52 week high on 2020/01/31 101.7796
52 week low on 2020/04/02 100.4403
Total Expense Ratio on 2020/06/30 0.59
Total Expense Ratio (performance fee) on 2020/06/30 0
NAV
Incl Dividends
1 month change 0.22% 0.54%
3 month change 0.26% 1.62%
6 month change 0.37% 3.41%
1 year change -0.22% 6.67%
5 year change 0.13% 7.95%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Derivatives -3.32 -0.20%
Fixed Interest 255.92 15.24%
Gilt 0.02 0.00%
Liquid Assets 52.82 3.15%
Money Market 230.86 13.75%
SA Bonds 1142.29 68.05%
  • Top five holdings
U-SLINCR 228.83 13.63%
MM-03MONTH 36.16 2.15%
MM-12MONTH 31.06 1.85%
MM-05MONTH 28.40 1.69%
U-SBKIMM 27.09 1.61%
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
2014/10/23
ISIN code:
ZAE000203410
Short name:
U-STMMENY
Risk:
Unknown
Sector:
South African--Interest Bearing--Short Term
Benchmark:
STeFi Composite Index
Email
contact@stanlib.com

Website
http://www.stanlib.com

Telephone
011-448-6000

  • Fund management  
Malcolm Holmes
Malcolm Holmes has 11 years investment experience and has been a portfolio manager in his own right, which makes him the perfect candidate to oversee the evaluation of the underlying managers and their portfolios. As the head portfolio manager, Malcolm is the key person responsible for product development and design at STANLIB Multi-Manager. He is responsible for ensuring that our products meet their investment objectives and that the underlying managers meet their mandates.
STANLIB Multi-Manager
STANLIB Multi-Manager was established in 1999 and is the centre of excellence for multi-managed solutions within STANLIB. The investment team, led by Chief Investment Officer Joao Frasco, consists of an experienced team with a diverse set of investment skills. We have offices in Johannesburg and London, and currently have mandates in excess of R90 billion under stewardship. STANLIB Multi-Manager Funds are designed to deliver superior investment returns more consistently than through a single asset manager or mandate. Our approach allows investors’ to outsource the fund / manager selection decision, which includes the ongoing due diligence of managers and construction of portfolios, to meet pre-defined objectives over time. Risk management is a fundamental component of our investment philosophy and process and is therefore approached holistically. It permeates every part of our investment process, requiring participation and accountability from all individuals involved in the process.
Jennifer Henry
In addition to investment knowledge, Jennifer brings valuable experience and diversity to the team and it is expected that she will contribute at the highest level. Jennifer joined the team from Standard Bank Group Securities where she was an Equity Analyst covering Media, Electronic and IT stocks. She has over seven years of investment experience and has been highly rated in her area of expertise.
Nadeem Hoosen


  • Fund manager's comment

STANLIB MM Enhanced Yield comment - Dec 19

2020/03/02 00:00:00
Easing monetary conditions in global markets supported SA bonds which gained 0.74% for the quarter. This performance was largely driven by the short end of the curve with the 1 to 3-year area rallying 1.2% The SA 10-year government bond sold off from 8.08% in June to 8.32% in September as investors demanded a higher return as compensation for SA’s deteriorating fundamentals, despite the country offering one of the highest emerging market real yields. SA cash gained 1.8%, beating riskier domestic asset classes. Most of this performance was driven by 6- and 12-month NCDs which gained 1.8% and 2.0% respectively. SA inflation fell to 4% early in the quarter, giving the South African Reserve Bank room to cut interest rates in its July meeting. Low inflation prints are, however, unlikely to lead to more interest rate cuts in 2019 due to the rand’s instability.
  • Fund focus and objective  
The Fund is an enhanced cash plus solution that invests in short-term interest earning and money market instruments. It is diversified across different types of money market, enhanced yield and income type strategies to ensure that the Fund is conservative, liquid and competitive in the ASISA Interest Bearing Short Term sector. The Fund is benchmarked against the STeFI Composite Index, with the aim of delivering regular income distributions and performance in excess of money market return.
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