Nedgroup Inv Core Income C2

The portfolio aims to preserve capital and to provide a total return in excess of that offered by money market portfolios, regular annual fixed deposits and call accounts. Assets of the portfolio will comprise a mix of bonds, fixed deposits, structured money market instruments, listed debentures, other high yielding non-equity securities and assets in liquid form, both locally and internationally. The portfolio may also include participatory interests in portfolios of collective investment schemes, both locally and internationally, subject to the provisions of CISCA. The allocation of investments in the portfolio will comply with prudential investment guidelines applying to retirement funds in South Africa, to the extent that is allowed by the Act and Notices thereto, as amended from time to time.

Key stats

Management firm  Nedgroup Collective Investments
Domicile  South Africa
Global Branding Name  Nedgroup Collective Investments
12 month yield  6.22%
Fund currency  ZAR
Net Assets Date  2014-08-31
Net Assets  R4,294,967,295
Launch Date  2013-05-02
ISIN  ZAE000176988
Manager 1 Name  Ray Wallace
Fund Strategy  ZAR/NAD Bond - Ultra Short Term
Benchmark  STeFI Composite ZAR
Fund Structure  Unit Trust
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  -0.12%
Return - 2 Months  0.43 %
Return - 3 Months  1.00%
Return - 6 Months  2.66 %
Return - 9 months  4.16 %
Return - 12 Months  5.73%
Annualized return 24 months  0.00 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  5.89%
Return YTD  3.61%

Charges

Initial  1.14 %
Minimum Investment  R500,000,000
Maximum Managment Charge  0.17 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  BoE Clocktower, Clocktower Precinct, V & A Waterfront
Contact Address 2  8000
Contact Address 3  PO Box 1510
Contact city  Cape Town
Contact country  South Africa
Fund Admin Group  Nedgroup Collective Investments
Web Address  www.nedgroupinvestments.co.za
Email contact  collectiveinvestments@nedbank.co.za
Phone  +27 (0)21 416 6011

Price

Last Price Date  2014-09-18
Pre-tax nav  1.00
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  R0.00
Price change (percentage)  0.02 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

All our data is licensed from Morningstar UK Ltd. Important legal information