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Ninety One STeFI Plus Fund  |  South African-Interest Bearing-Short Term
Reg Compliant
1.0323    +0.0002    (+0.019%)
NAV price (ZAR) Fri 4 Oct 2024 (change prev day)


 
Technical Details  
 

Formation Date (A)

30 Jun 2000

Fund Size (ZAR)

14 574 760 274

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A)

INCS

ISIN (A)

ZAE000024683

Pricing

Daily

Number of unitholders

325

ASISA Category

SA-Interest Bearing-Short Term

Benchmark

STeFi composite

Income Distributions

-

Income Payment

-

Trustee

FirstRand Bank Ltd.

Management Company

Ninety One Fund Managers SA (RF) (Pty) Ltd.

Fund Management

Lisa MacLeod, Vivienne Taberer

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Low

 
Fund Objective  
 
The Ninety One STeFI Plus Fund aims to earn a higher level of income than money market unit trust funds, while maintaining a high degree of liquidity and capital preservation. The fund targets returns in excess of the STeFI Composite Index, measured over one year periods.

The fund invests in South African fixed-income assets. These include bankers' acceptances, debentures, negotiable certificates of deposit, treasury bills, call accounts and bonds. Non-government bond exposure is currently limited to 25%. The fund invests predominantly in money market instruments to preserve capital. If there is a good opportunity to achieve returns in excess of cash, the fund will invest in high quality investment grade bonds....Read more
 
Management  
 
Lisa MacLeod (BSc (Hons) (Finance), CFA)
Lisa is a portfolio manager within the South African Rates team at Ninety One responsible for managing short duration strategies. Her portfolio management duties include running the Money Market unit trust and Money Fund (life portfolio). Prior to joining the firm, Lisa spent two years working in London gaining exposure to the fixed income area at SBC Warburg and later joined Deustche Morgan Grenfell. She obtained a Bachelor of Business Science (Honours) degree majoring in Finance and Economics from the University of Cape Town and is a CFA Charterholder.

Vivienne Taberer (B Com, LLB, SFA)
Vivienne is an investment specialist and portfolio manager in the Global Emerging Market Debt team at Ninety One where she is responsible for Latin American bond and currency markets. Prior to joining the firm in 2002, Vivienne worked at Standard Bank in London for seven years, initially specialising in South African fixed income before moving into sales and trading across the whole spectrum of emerging market debt. Prior to this, she worked at Mizuho International in London and First National Bank trading South African bonds, bond options, FRAs and swaps. Vivienne graduated from the University of the Witwatersrand with a Bachelor of Commerce degree and a Bachelor of Laws degree, and has completed the London School of Business Investment Management Programme.
 
Fees and Costs - Class A
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee0.69%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/06)0.70%
TER Performance Fee0.00%
Transaction Costs Ratio0.00%
Total TER0.70%
 
Distribution - Class A
DeclaredPayAmountClassCurrency
30 Sep 20242 Oct 20240.760AZARc
31 Aug 20243 Sep 20240.740AZARc
31 Jul 20242 Aug 20240.810AZARc
30 Jun 20242 Jul 20240.690AZARc
31 May 20244 Jun 20240.760AZARc
30 Apr 20243 May 20240.810AZARc
31 Mar 20243 Apr 20240.680AZARc
29 Feb 20244 Mar 20240.700AZARc
31 Jan 20242 Feb 20240.820AZARc
31 Dec 20233 Jan 20240.740AZARc
 
Statutory Data
 
Management CompanyNinety One Fund Managers SA (RF) (Pty) Ltd.
Registration Number1987/004390/07
DirectorsNoluthando Gosa, John C Green, Thabo Khojane
TrusteeFirstRand Bank Ltd.
AuditorsKPMG South Africa
Sponsors-
AdvisorsNinety One SA (Pty) Ltd.
Physical Address36 Hans Strijdom Avenue Foreshore Cape Town 8001
Postal AddressPO Box 1655 Cape Town 8000
Telephone0860-500-900
Tollfree-
Fax021-901-1000
Emailclientservice@ninetyone.com
Websitehttp://https://ninetyone.com/en/south-africa