0 /
0%
1.0000
NAV (ZAR) on 2024/09/13
| NAV (ZAR) on 2024/09/12 |
1.0000 |
| 52 week high on 2023/09/19 |
1.0000 |
| 52 week low on 2023/09/19 |
1.0000 |
| Total Expense Ratio on 2024/06/30 |
0.35 |
| Total Expense Ratio (performance fee) on 2024/06/30 |
0 |
Here is a list of JSE shares held in this Unit Trust. These tables reflect changes in holdings over two quarters, but do not show where a fund has completely sold a holding during the latest quarter.
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The objective of the Granate SCI Money Market Fund is to provide investors with a way to participate in a diversified portfolio of money market instruments that ordinarily are either not available or offer a lower yield to retail investors. The primary performance objective of the portfolio is to obtain a high level of current income as is consistent with capital preservation and liquidity. Capital gains will be of an incidental nature. The portfolio is managed in accordance with CISCA and Regulation 28 of the Pension Funds Act. The portfolio will be allowed to invest in listed and unlisted financial instruments (derivatives) as allowed by the Act from time to time.
This is an ultra-conservative, highly liquid portfolio that caters for an extremely low risk tolerance, and is designed for minimum capital fluctuations and volatility. The ultraconservative cash-based portfolio aims to yield returns that are higher than bank deposits and typically higher than inflation. The investment universe includes money market instruments with a maturity limit of less than thirteen months. The average duration of the underlying assets may not exceed 90 days and a weighted average legal maturity of 120 days. Capital protection is of prime importance.
