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  •  1NVEST Inflation Linked Bond Index Tracker Fund (A)

-0.11  /  -0.11%


NAV on 2021/09/16
NAV on 2021/09/15 102.6968
52 week high on 2021/06/15 103.4916
52 week low on 2020/10/01 90.704
Total Expense Ratio on 2021/06/30 0.46
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change 1.42% 1.42%
3 month change -0.87% -0.18%
6 month change 4.45% 5.9%
1 year change 10.6% 13.78%
5 year change 0.26% 3%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 0.50 0.15%
SA Bonds 339.82 99.85%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
STANLIB Collective Investments (RF) (Pty) Limited
Formation date:
ISIN code:
Short name:
South African--Interest Bearing--Variable Term
JSE ASSA IGOV sub-index of the Composite Inflation Linked Index



  • Fund management  
Ryan Basdeo
After beginning his career as a financial accountant in the employee benefits industry, Ryan joined STANLIB Asset Management in their Institutional Pricing team in 2008. He got experience in the Offshore Trades Processing team from 2010, before moving on to Alternative Investments as market maker for the ETFs and executing trades for the index-tracking funds, as well as assistance with portfolio management. He was appointed a Portfolio Manager in 2017. Ryan has a BCom in Taxation degree, is a JSE Registered Securities Trader, as well as a Registered Bond Trader and has been awarded a MBA from Wits Business School.
Ann Sebastian
Possessing a very strong academic record and a passion for financial markets, Ann joined the Beta Quants team in 2012. As a quantitative analyst, she specialises in asset allocation, portfolio construction, investment risk management and multi-factor risk modelling. She is currently a Portfolio manager at STANLIB Index Investmentsresponsible for the management of R 22 billion across quantitative enhanced index funds, smart beta funds, completion strategies and index tracking fund across a number of asset classes. Ann studied at Wits University, where she took a BSc in Mathematical Sciences with double majors in Pure Mathematics and Economic Sciences. She then went on to do her BSc honours degree studying Advanced Mathematics of Finance. She is currently studying towards a MSc in Statistical Science from UCT where her thesis covers 'Tactical Asset Allocation with Flexible Investor Views'.

  • Fund manager's comment

1NVEST Inflation Linked Bond - Dec 19

2020/03/02 00:00:00
The review of the JSE CILI Government Bond Index (IGOV) in the last quarter saw no additions or deletions from the index. The fund performed in line with the Index. The R197 Government bond remained the largest bond in the fund and its yield increased from 2.81% as at end of June to 2.85% as at end of September. The modified duration of the bond decreased from 3.96 as at end of June to 3.71 as at end of September. The yield of the fund increased from 3.12% to 3.31% over the quarter. The modified duration of the fund decreased from 9.99 to 9.80 over the quarter
  • Fund focus and objective  
The investment objective of the 1NVEST INFLATION LINKED BOND INDEX TRACKER FUND is to fully replicate both the interest-income and capital growth return of the iGov index ('the Index'), a sub-index of the Composite Inflation Linked Index ('CILI') calculated by the Johannesburg Stock Exchange in conjunction with the Actuarial Society of South Africa .In order to achieve this objective, investments to be acquired for the 1NVEST INFLATION LINKED BOND INDEX TRACKER FUND will consist of a spread of non-equity securities issued by the South African Government to the maximum permitted by the Act, and any other securities, which may be included in a portfolio in terms of the Act and relevant legislation, which are consistent with the portfolio's investment policy, but which will be limited to bonds.The manager will, at all times, endeavour to track the performance of the index by replicating its constituents, in their correct weightings as closely as possible. In the ordinary course of business the manager anticipates a tracking error of approximately 25 basis points (0.25%).The manager may from time to time invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time, and which are consistent with the portfolio's investment policy. The STANLIB INFLATION LINKED BOND INDEX TRACKER FUND may from time to time invest in both listed and unlisted financial instruments, in accordance with the provisions of the Act, in order to achieve the portfolio's investment objective.For the purpose of the STANLIB INFLATION LINKED BOND INDEX TRACKER FUND, 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 fund 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. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out.

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