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NAV on 2021/09/17
NAV on 2021/09/16 106.32
52 week high on 2021/09/15 106.32
52 week low on 2020/10/06 101.53
Total Expense Ratio on 2021/06/30 0.59
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 0.29% 0.29%
3 month change 1.49% 1.49%
6 month change 1.03% 3.97%
1 year change 0.86% 7.41%
5 year change 0.74% 8.46%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Additional 60.72 2.99%
Derivatives 0.16 0.01%
Fixed Interest 392.92 19.36%
Liquid Assets 449.37 22.14%
Money Market 158.26 7.80%
SA Bonds 968.22 47.70%
  • Top five holdings
U-PRESCMM 392.92 19.36%
MM-05MONTH 64.14 3.16%
MM-11MONTH 37.02 1.82%
MM-07MONTH 21.22 1.05%
 STANBANK-P 19.86 0.98%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
ISIN code:
Short name:
South African--Interest Bearing--Variable Term
FTSE/JSE/All Bond Total Return Index



  • Fund management  
Guy Toms
Guy is Prescient's Chief Investment Strategist and one of its co-founders. After graduation, Guy worked as a bond analyst and manager, and as derivatives specialist at asset management houses including Colonial Mutual, Cape Gilt Investments and Southern Life. At Investec, Guy worked as a bond manager and was responsible for all derivative exposure in the pension funds. He then joined District Securities Bank where he was later appointed a Bank Director, before leaving to establish Prescient Investment Management with Herman Steyn

  • Fund manager's comment
No fund manager's comment available.
  • Fund focus and objective  
The Prescient Flexible Fixed Interest Fund will aim to preserve capital and maximize income returns without placing undue risk on the capital of the investor. In order to achieve this objective the fund will invest in a diversified range of fixed interest securities, including but not limited to, local and foreign government, semi-government, corporate bonds, fixed deposits, money market and other interest-bearing securities of differing terms to maturity, taking into account changes in interest rates, credit risk and liquidity. The allocation may span across the short and longer dated interest bearing security markets and will not have any duration limitation. This will necessitate actively switching out of longer dated interest bearing securities into shorter dated interest bearing securities and vice versa depending on market valuations. This strategy will result in a larger tracking error relative to the Benchmark. Investment strategies may include interest rate or duration positions, credit yield enhancement and the use of derivatives strategies. The Fund will be mark-to-marketed on a daily basis.
The portfolio 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 the Registrar from time to time.
The portfolio will be subject to the Prudential Investment Guidelines for South African Retirement Funds, being Regulation 28 of the Pension Funds Act, or such other Legislation published 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 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 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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