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0.11  /  0.09%


NAV on 2021/09/17
NAV on 2021/09/16 120.8
52 week high on 2021/09/17 120.91
52 week low on 2020/10/01 115.09
Total Expense Ratio on 2021/06/30 0.9
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 0.49% 0.49%
3 month change 0.52% 1.5%
6 month change 1.09% 3.05%
1 year change 3.85% 8.01%
5 year change 1.57% 8.72%
10 year change 1.97% 7.54%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 2686.73 78.73%
Offshore 726.02 21.27%
  • Top five holdings
CORPDBTCONVRT 855.44 25.07%
FINANCEINSTIT 729.90 21.39%
TOTDOMMONMKT 472.88 13.86%
PUBLENTISSPAP 424.73 12.45%
GOVTISSUPAPER 118.53 3.47%
  • Performance against peers
  • Fund data  
Management company:
Fairtree Asset Management (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Income
SteFI plus 3% p.a. (net of fees)



  • Fund management  
Paul Crawford
After graduating Paul spent 5 years at Eskom in the engineering field and then moved into the financial services industry, firstly working for Standard Corporate and Merchant Bank's interest rate productions division for 2 years and then joining the asset management industry in 1999. After 5years at RMB Asset Management, Paul moved to the newly formed Momentum Alternative Investments where he managed numerous hedge funds and specialised segregated mandates. Paul joined Fairtree in 2013 and is responsible for managing the Proton Fund, as well as setting the investment strategy for the credit team.
Louis Antelme
Louis began his career in fixed income at Standard Merchant Bank in 1990, which subsequently became Standard Corporate and Merchant Bank, and worked there in a proprietary and derivative trading role for 9 years. Subsequently he has been employed in fixed income proprietary trading roles at both HSBC and Brait Merchant Bank and as derivative broker at Tullett and Tokyo South Africa. Louis joined RMB Asset Management in 2008, which subsequently became Momentum Alternative Investments, as fixed income and credit portfolio manager. In 2013 Louis joined Fairtree as part of the credit team.
Rob Hart

  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The Fairtree Flexible Income Plus Prescient Fund will aim to deliver a reasonable level of income as well as capital performance. The fund will endeavor to protect capital and maximize income growth. In order to achieve this objective the fund will invest in interest bearing and non-equity securities (including, but not limited to, bonds, cash deposits and money market instruments) as well as SAFEX-listed non-equity derivatives, JSE-listed preference shares (which are of a debt nature) and assets in liquid form. In order to enhance income returns, the fund may also invest in non-equity securities such as Equity Linked Notes that are exposed to price movements in the equity markets, as well as derivative instruments, such as futures and options linked to the equity exposure of Equity Linked Notes and other similar instruments.
The fund is positioned as an income plus portfolio to correctly reflect the fund's flexible mandate, which allows investments in a broad spectrum of underlying high yielding assets, including non-equity securities linked to equities, taking into consideration the lower risk mandate of the fund and using appropriate strategies to minimise risk where necessary. The fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The portfolio will predominately invest in South African 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 may apart from assets in liquid form also include participatory interests or any other form of participation in portfolios of collective investment schemes, exchange traded funds 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.

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