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  •  Alexander Forbes Investments Enhanced Income Fund (A)

0.07  /  0.07%

104.52

NAV on 2021/09/16
NAV on 2021/09/15 104.45
52 week high on 2020/09/18 106.68
52 week low on 2020/10/06 101.82
Total Expense Ratio on 2021/03/31 0.93
Total Expense Ratio (performance fee) on 2021/03/31 0
NAV
Incl Dividends
1 month change 0.36% 0.36%
3 month change 0.01% 1.32%
6 month change 0.46% 3.03%
1 year change -2% 6.18%
5 year change 0.17% 7.65%
10 year change -0.04% 7.07%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Additional 0.84 0.18%
Basic Materials 0.53 0.12%
Derivatives -0.28 -0.06%
Fixed Interest 40.78 8.80%
Gilt 0.10 0.02%
Liquid Assets 25.57 5.52%
Money Market 85.97 18.56%
Real Estate 8.78 1.90%
SA Bonds 292.73 63.21%
Offshore 8.09 1.74%
  • Top five holdings
U-NICORMM 40.78 8.8%
MM-03MONTH 20.10 4.34%
MONEYMARK 19.01 4.11%
MM-02MONTH 7.85 1.7%
MM-12MONTH 6.67 1.44%
  • Performance against peers
  • Fund data  
Management company:
Alexander Forbes Investments Unit Trusts Limited
Formation date:
2009/09/14
ISIN code:
ZAE000142584
Short name:
U-ISENINC
Risk:
Unknown
Sector:
South African--Multi Asset--Income
Benchmark:
110% Short-term Fixed Interest Composite Index
  • Fund management  
Kabelo Rikhotso
Kabelo Rikhotso began his career in 2004 at Advantage Asset Manager (previously known as mCubed Asset Management) as a Research Analyst responsible for risk management, formulating investment strategies, economic modelling, researching and presenting the appropriate research in articles. He was later promoted to a Portfolio Manager for the large cap equity fund.In 2006, he joined National Treasury as the first candidate in the Talent Management Program which aimed to fast track talented young individuals into leadership roles. He was based in the Risk Management Directorate and was responsible for research and designing the Operational Risk Framework for the division and also worked under the guidance of the DDG as Deputy Director of Market Risk. In this role, he was responsible for conducting research on benchmarking the Government Debt Portfolio and building an optimal debt structure for the RSA Government (Fixed vs. Floating debt, Foreign vs. Domestic). This role included devising optimal ways of funding the Government debt at the lowest possible cost across the yield curve subject to refinancing risk, currency risk etc.In May 2008, he joined Investment Solutions as a Fixed Income Portfolio manager and in September 2009 was promoted to Head of Equity, Fixed Income and Property funds.
Alexander Forbes Investments


  • Fund manager's comment

Investment Solutions Enhanced Inc comment - Mar 16

2016/06/28 00:00:00
The portfolio ended behind the benchmark for the quarter, with all the managers underperforming.
The best-performing asset class within the constraints of this portfolio was property, which returned 10.10%. Nominal bonds returned 6.3% -- comfortably higher than inflation-linked bonds (1.99%) and slightly higher than cash (1.93%) for the quarter.
All the managers underperformed due to short duration in a period of falling yields. Investec marginally underperformed the benchmark despite having reasonable exposure to property, which contributed to performance. Atlantic also ended behind due to short duration. Prescient ended behind for the quarter due to being underweight property. However, yield enhancement through credit-linked notes and short-dated bank paper contributed to performance.
  • Fund focus and objective  
The Enhanced Income portfolio seeks to provide a higher level of income capital growth than a traditional income portfolio and money market portfolio. This is done through the use of diverse sources of income with a high emphasis on capital preservation. The portfolio aims to out perform the All Bond Index (BEASSA ALBI 1-3yrs) split index and the median of peers in this category by investing in bonds, fixed deposits, other money market instruments, listed debentures, preference shares of an income nature and listed property shares. The portfolio has a flexible maturity profile instead of a defined modified duration limit.
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