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Nedgroup Investments Opportunity Fund  |  South African-Multi Asset-Medium Equity
Reg Compliant
72.0162    -0.2461    (-0.341%)
NAV price (ZAR) Wed 8 Jan 2025 (change prev day)


 
Technical Details  
 

Formation Date (A1)

9 Jan 2012

Fund Size (ZAR)

8 793 651 265

Domicile

South Africa

Reporting Currency

ZAR

JSE Code (A1)

NEIBA

ISIN (A1)

ZAE000162442

Pricing

Daily

Number of unitholders

9497

ASISA Category

SA-Multi Asset-Medium Equity

Benchmark

Inflation plus 5% per annum over rolling 3-year periods

Income Distributions

30/06,31/12

Income Payment

01/07,01/01

Trustee

The Standard Bank of South Africa Limited

Management Company

Nedgroup Collective Investments (RF) (Pty) Ltd.

Fund Management

Abax Investments

Minimum Investment

R10 000

Minimum Top-Up

-

Minimum Monthly

R500

Risk Rating

Medium

 
Fund Objective  
 
The portfolio is suitable for investors requiring moderate levels of capital growth who do not wish to make complex asset allocation decisions between equities, cash and bonds, both locally and offshore. Diversification across asset classes and a maximum equity exposure of 60% helps to reduce risk and volatility relative to an average prudential portfolio. The portfolio complies with Regulation 28 of the South African Pension Funds Act.
 
Management  
 
Abax Investments
 
Fees and Costs - Class A1
 
Initial Fee0.00%
Advisor Initial Feen/a
Annual Management Fee1.27%
Performance Fee-
Advisor Annual Feen/a
Trailer Fee-
Exit Fee-
TER (30/09)1.31%
TER Performance Fee0.00%
Transaction Costs Ratio0.24%
Total TER1.55%
 
Distribution - Class A1
DeclaredPayAmountClassCurrency
31 Dec 20242 Jan 2025165.021A1ZARc
30 Jun 20241 Jul 2024194.691A1ZARc
31 Dec 20232 Jan 2024177.180A1ZARc
30 Jun 20233 Jul 2023203.030A1ZARc
31 Dec 20223 Jan 2023189.106A1ZARc
30 Jun 20221 Jul 2022125.589A1ZARc
31 Dec 20213 Jan 2022108.992A1ZARc
30 Jun 20211 Jul 202162.667A1ZARc
31 Dec 20204 Jan 202157.474A1ZARc
30 Jun 20201 Jul 202065.131A1ZARc
 
Statutory Data
 
Management CompanyNedgroup Collective Investments (RF) (Pty) Ltd.
Registration Number1997/001569/07
DirectorsN A Andrew, Services (Pty) Ltd. Nedgroup Secretarial (Company Secretary), I Ruggiero, C E Sevenoaks
TrusteeThe Standard Bank of South Africa Limited
AuditorsDeloitte & Touche
Sponsors-
Advisors-
Physical AddressNedbank Clocktower Clocktower Precinct, V&A Waterfront Cape Town 8001
Postal AddressPO Box 1510 Cape Town 8000
Telephone0860-123-263(RSA only)/+27-21-416-6011(Outside SA)
Tollfree-
Fax0861-119-733(RSA only)/+27-11-263-6067(Outside SA)
Email-
Websitehttp://www.nedgroupinvestments.com

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