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Ninety One High Income Fund  |  South African-Interest Bearing-Short Term
1.1640    +0.0002    (+0.017%)
NAV price (ZAR) Fri 4 Oct 2024 (change prev day)


 
Technical Details  
 

Formation Date (R)

9 Feb 1994

Fund Size (ZAR)

24 088 443 994

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (R)

MTBH

ISIN (R)

ZAE000020434

Pricing

Daily

Number of unitholders

1146

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

Bashier Omar, Simon Howie, Steven Naidoo

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Low-Medium

 
Fund Objective  
 
Investment objective
The Ninety One High Income Fund aims to maximise income and grow capital. The fund targets returns in excess of the benchmark, measured over one year periods.

Strategy
The fund invests in high-yielding South African fixed-income assets, including government and corporate bonds, fixed deposits and money market instruments. The fund is actively managed and the maximum average duration of assets is two years.

Fund features
o A specialist fixed-income fund, which can form part of a larger portfolio
o The focus is on reducing volatility of returns and preserving capital through active management
o Lower volatility than a traditional bond fund
o Ideal vehicle for investors requiring income ...Read more
 
Management  
 
Simon Howie (B.Arch, MBA, CFA)
Simon is a co-head of SA & Africa Fixed Income and is responsible for the SA and Africa Credit team at Ninety One. He joined in 2005 when he was tasked with building its credit business and capabilities. Ninety One now holds a leading position in managing diverse institutional credit portfolios, including both the listed and unlisted markets. Simon was previously with Investec Bank where he was responsible for debt origination (including corporate bonds, structured credit and securitisation) and was involved in the Southern African debt capital markets from its infancy in the late 1990s. Simon holds a Bachelor’s degree in Architecture from the University of Natal, a Master’s degree in Business Administration from Nijenrode University in The Netherlands, and is a CFA Charterholder.

Steven Naidoo

Bashier Omar
Bashier is a portfolio manager in the South African and Africa Credit team at Ninety One. Prior to joining the firm, he spent five years as the Head of Credit at Old Mutual Specialised Finance (OMSFIN) where he was responsible for developing a boutique-based credit capability that manages credit risk for the business. Before joining OMSFIN, Bashier headed up the Old Mutual Investment Group South African credit research team. He also previously worked at OMSFIN as a debt originator and a credit analyst. Bashier served his articles at Ernst & Young as well as having spent a year post-articles in the Forensics Services division. He graduated from the University of Cape Town with a Bachelor of Business Science (Hons) degree, majoring in Business Finance and Financial Accounting, and is a Chartered Accountant (SA).
 
Fees and Costs - Class R
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee0.86%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/06)0.88%
TER Performance Fee0.00%
Transaction Costs Ratio0.00%
Total TER0.88%
 
Distribution - Class R
DeclaredPayAmountClassCurrency
30 Sep 20242 Oct 20240.890RZARc
31 Aug 20243 Sep 20240.880RZARc
31 Jul 20242 Aug 20240.990RZARc
30 Jun 20242 Jul 20240.770RZARc
31 May 20244 Jun 20240.910RZARc
30 Apr 20243 May 20240.930RZARc
31 Mar 20243 Apr 20240.790RZARc
29 Feb 20244 Mar 20240.830RZARc
31 Jan 20242 Feb 20240.940RZARc
31 Dec 20233 Jan 20240.830RZARc
 
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