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 |
0.27 |
| 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 objectives of the Fairtree Money Market Prescient Fund is: 1) to maximize current income while preserving capital; and 2) to provide daily liquidity to investors by investing mainly in South African, high quality, short-term money market and fixed income instruments. The Fund will aim to outperform the STeFI Call Deposit Index, after fees. Capital losses are unlikely, but will be borne by the Fund and its investors if they do occur. Although the Fund will predominately invest in South African markets, the Manager may also include investments in offshore jurisdictions subject to the investment conditions determined by the Authority from time to time. The Fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time.
The portfolio will be subject to the Prudential Investment Guidelines for South African Retirement Funds, being Regulation 28 of the Pension Funds Act, or such other Legislation published from time to time.
Nothing in the supplemental deed shall preclude the Manager from varying the ratios of securities, to preserve capital and maximise income in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the Manager shall ensure that the aggregate value of the assets comprising the Fund shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out.
For the purpose of this Fund, the Manager in consultation with the Portfolio Manager, shall reserve the right to close the Fund to new investors on a date determined by the Manager. This will be done in order to be able to manage the Fund in accordance with its mandate. The Manager may, once a Fund has been closed, open that Fund again to new investors on a date determined by the Manager.
