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NAV on 2021/09/16
NAV on 2021/09/15 100
52 week high on 2020/09/21 100
52 week low on 2020/09/21 100
Total Expense Ratio on 2020/12/31 1.35
Total Expense Ratio (performance fee) on 2020/12/31 0
Incl Dividends
1 month change 0% 0.25%
3 month change 0% 0.75%
6 month change 0% 1.53%
1 year change 0% 3.14%
5 year change 0% 5.47%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 18.68 8.18%
Consumer Discretionary 39.25 17.19%
Energy 21.40 9.37%
Financials 46.47 20.35%
Fixed Interest 7.95 3.48%
Health Care 13.66 5.98%
Industrials 24.40 10.69%
Liquid Assets 27.49 12.04%
Telecommunications 29.06 12.72%
  • Top five holdings
 A-V-I 25.61 11.22%
 EXXARO 21.40 9.37%
 CORONAT 17.54 7.68%
 VODACOM 15.97 7%
 AFORBES 14.66 6.42%
  • Performance against peers
  • Fund data  
Management company:
Prescient Management Company Ltd. (PIM)
Formation date:
ISIN code:
Short name:
South African--Multi Asset--Flexible
STeFI Call after statutory tax of 40% net of fees



  • Fund management  
Meyer Coetzee

  • Fund manager's comment

Prescient Optimised Income Fund comment - Sep 19

2019/10/24 00:00:00
The current net Fund yield after annual management fees, distribution fees and tax is 6.21%.
  • Fund focus and objective  
The Prescient Optimised Income Fund's primary objective will be to offer a low risk investment in assets consistent with principles of capital preservation for investors seeking protection from equity and bond market volatility while maintaining liquidity. The Fund will aim to deliver a competitive after tax return with capital gains being of an incidental nature. The Fund will invest in equities, money market instruments and other interest bearing securities as defined in legislation from time to time. Equity exposure will only be taken where equity repurchase agreements are in place, hence eliminating capital volatility completely. This exposure together with interest bearing assets will result in limited interest rate risk, no downside volatility and limited credit risk while optimizing after tax investment returns for investors by earning a component of income via dividends which has a lower effective tax rate. 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 by legislations 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 asset allocation and securities, to maximize absolute return and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognized 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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