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-1.49  /  -1.41%

105.81

NAV on 2021/09/23
NAV on 2021/09/22 107.3
52 week high on 2021/01/11 116.19
52 week low on 2021/06/07 96.26
Total Expense Ratio on 2021/06/30 1.43
Total Expense Ratio (performance fee) on 2021/06/30 0
NAV
Incl Dividends
1 month change -2.25% -2.25%
3 month change 4.9% 4.9%
6 month change -2.07% 4.36%
1 year change -6.76% -0.64%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 0.93 0.19%
Offshore 492.32 99.81%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
2019/12/03
ISIN code:
ZAE000281861
Short name:
U-LAUSDBO
Risk:
Unknown
Sector:
Regional--Multi Asset--Flexible
Benchmark:
The Standard Bank Africa Sovereign Eurobond(excl.South Africa)Total Return Index (Bloomberg Code: SBAFSOZ) in ZAR
Email
info@prescient.co.za

Website
http://www.prescient.co.za

Telephone
+27-21-700-3600



  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The Laurium Africa USD Bond Prescient Fund aims to achieve long term capital growth with low volatility and a low correlation to equity markets through all market cycles by investing most of the assets in Africa ex-SA sovereign and corporate debt. The fund can also have a maximum effective equity and property exposure of up to 10% of the market value of the portfolio. In order to achieve this objective, the fund will primarily consist of Africa fixed income-oriented assets, including but not limited to sovereign and corporate debt securities, debentures, money market instruments, bonds and listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time and with a weighting to those investments that will provide the lower volatility. The fund may also invest in preference shares and property. The fund will predominately invest in Africa ex South Africa markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by legislation from time to time.
The portfolio will be exposed to exchange rate risk. The Manager may, at its discretion, include in the portfolio listed and unlisted financial instruments for the exclusive purpose of hedging these exchange rate risks.
The fund 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 securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised 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 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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