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-0.05  /  -0.05%


NAV on 2021/09/17
NAV on 2021/09/16 103.66
52 week high on 2021/06/18 103.89
52 week low on 2020/10/01 101.15
Total Expense Ratio on 2021/06/30 1.22
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 0.36% 0.36%
3 month change 0.06% 1.44%
6 month change 0.64% 3.35%
1 year change 1.12% 6.73%
5 year change 0.43% 8.27%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Additional 6.55 1.04%
Derivatives 0.04 0.01%
Fixed Interest 25.00 3.97%
Liquid Assets 5.60 0.89%
Money Market 71.77 11.41%
Real Estate 7.17 1.14%
SA Bonds 512.78 81.53%
Offshore 0.00 0.00%
  • Top five holdings
U-VEMONMM 25.00 3.97%
MM-06MONTH 19.64 3.12%
MM-15MONTH 10.78 1.71%
MM-07MONTH 10.08 1.6%
MM-17MONTH 7.45 1.19%
  • Performance against peers
  • Fund data  
Management company:
Sharenet Investments (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Income
SteFI composite index over a rolling 12 month period (net of fees)
  • Fund management  
Kobus Louw
Kobus Louw hails from Port Elizabeth where he completed his B.Sc Hons degree, before graduating from Stellenbosch University with an MBA in 1988. He began his career in the actuarial division at Sanlam, later moving to the investment department. After a two-year period working at Unicorn Lines in Durban from 1979-80, Kobus helped to set up and manage an investment information systems department at Sanlam, after which he moved to the field of portfolio management at Sanlam Investment Management, eventually becoming head of Portfolio Management in 1998. In 1999, Kobus joined Cadiz Asset Management as one of its founding members in charge of new product development initiatives and the refocusing of the active management team's efforts. Kobus resigned from his position as Director and Chief Investment Officer at the end of 2004 and took up the CIO role at Contego Asset Management, focussing on the investment process and developing new offerings until 2016 when he joined Sharenet.
JC Louw
JC completed a B.Comm degree and MBA (Cum Laude) at Stellenbosch University. He started his career as part of the Greenwich Securities derivatives team in London in 1998. During his time in London he was exposed to a variety of global markets and asset classes, and became a member of the OTOB (European Derivative Exchange). In 2000 he joined Greenwich Asset Management in Cape Town as an investment analyst and a member of the investment team that later became part of NIB. In 2001he moved to PLJ Financial Services as a private client portfolio manager until 2003. JC was one of the founding members of Contego Asset Management and led the Asset Management division until 2016 when he joined Sharenet.
Sharenet Investments (Pty) Ltd.

  • Fund manager's comment

Contego B1 MET Income Plus comment - Mar 14

2014/06/04 00:00:00
After the huge crash in January, the markets recovered with a vengeance in February and March as fears about Emerging Markets subsided. The ZAR fell almost 7% in January, but recovered nicely to end the quarter down 1.7%. The All Bond index similarly fell 3.2% in January, but recovered to end the quarter up 0.9% as global investors returned to our market. Property fell 7% in January, but recovered to end up 2% for the quarter. Cash delivered 1.33% over the quarter. The ZAR has been volatile and we expect it to consolidate between R10.50 and R11.50 vs the US$. We expect inflation to remain under control between 5.5% and 6.0% and pushed up our bond exposure. We expect two more increases this year and more next year. Our view is that the long end of the curve looks more attractive than the short end, because of the imminent rate increases which should directly affect this area of the yield curve.
  • Fund focus and objective  
The Sharenet BCI Income Plus Fund is a specialist income generating portfolio. The investment objective of the portfolio is to achieve a high level of sustainable income and stability of capital invested. Protection strategies may be implemented to reduce risk and volatility. In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of assets in liquid form, money market instruments, interest bearing securities, bonds, debentures, corporate debt, equity securities, property securities, preference shares, convertible equities and non-equity securities. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes, registered in South Africa and other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective. The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes. The portfolio will comply with prudential investment guidelines to the extent allowed for by the Act. However, the portfolio's equity exposure may be as high as 10% of the portfolio's net asset value. In order to achieve the portfolio objective, the asset allocation will be actively managed and will continually reflect the portfolio manager's view of the relative attractiveness of the various asset classes. Nothing in this Supplemental Deed shall preclude the manager from varying the ratios of securities, non-equity securities or assets in liquid form in changing economic environment or market conditions, or to meet the requirements in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and this Supplemental Deed. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order 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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