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0  /  0%

100

NAV on 2021/09/17
NAV on 2021/09/16 100
52 week high on 2020/09/21 100
52 week low on 2020/09/21 100
Total Expense Ratio on 2021/06/30 0.36
Total Expense Ratio (performance fee) on 0
NAV
Incl Dividends
1 month change 0% 0.33%
3 month change 0% 0.98%
6 month change 0% 1.94%
1 year change 0% 3.87%
5 year change 0% 6.72%
10 year change 0% 6.3%
Price data is updated once a day.
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  • Sectoral allocations
Liquid Assets 739.57 9.30%
Money Market 7212.81 90.70%
  • Top five holdings
MONEYMARK 1798.17 22.61%
MM-01MONTH 987.31 12.42%
MM-03MONTH 660.27 8.3%
MM-07MONTH 552.56 6.95%
MM-05MONTH 471.18 5.92%
  • Performance against peers
  • Fund data  
Management company:
Ashburton Management Company (RF) (Pty) Ltd.
Formation date:
2007/11/01
ISIN code:
ZAE000105714
Short name:
U-BJMMMRK
Risk:
Unknown
Sector:
South African--Interest Bearing--Money Market
Benchmark:
STeFI 3 month index
  • Fund management  
Kgothatso Nyabela
Mohamed Ismail


  • Fund manager's comment

BJM Money Market Fund Comment- Jun 12

2012/09/12 00:00:00
Over the quarter money market yields fell as the market discounted a higher probability of an interest rate cut over the next twelve months. The yield differentials between three month and twelve month paper decreasing significantly over the past quarter limiting money markets ability to enhance their yield though holding longer dated paper. The past quarter the funds exposure to the top three banks has increased and its exposure to corporate paper has decreased.
  • Fund focus and objective  
The fund is suitable for investors requiring a competitive interest rate, with regular income distributions, capital preservation and liquidity in the short term.
The fund seeks to maximise interest income, preserve capital and provide immediate liquidity for investors. It will invest in a diversified portfolio of money market instruments issued only by the big retail and investment banks, the RSA Government and AAA-rated international banks in South African Rand. The maximum term of instruments included will be limited to 13 months and the weighted average duration will not exceed three months. The only risks from this fund are reinvestment risk if interest rates fall, inflation risk as well as bank credit risk.
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