0.27 /
0.22%
1.2147
NAV (ZAR) on 2024/09/13
NAV (ZAR) on 2024/09/12 |
1.2120 |
52 week high on 2024/09/13 |
1.2147 |
52 week low on 2023/10/04 |
1.1061 |
Total Expense Ratio on 2024/06/30 |
0.9 |
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 portfolio seeks to maximise overall return, in the form of both income and capital growth. It will be consistent with the investment of funds in a flexible mix of predominantly non-equity securities.
3.1 The STANLIB Flexible Income Fund shall be a portfolio predominantly investing in non-equity securities.
3.2 The investment objective of the STANLIB Flexible Income Fund is to provide an efficient investment medium whereby investors can participate in a portfolio that will seek to provide the maximum overall return, in the form of both income and capital growth, which will be consistent with the investment of funds in a flexible mix of predominantly non-equity securities. The portfolio will be managed in compliance with the Prudential Investment Guidelines that are applicable to retirement funds from time to time.
3.3 The STANLIB Flexible Income Fund will predominantly invest its assets in South African investment markets at all times and will be permitted to make investments in a flexible mix of non-equity securities, to the maximum permitted by the Act, and any other securities, which may be included in a portfolio in terms of the Act and relevant legislation, which are consistent with the portfolio's investment policy, and which will include but will not be limited to preference shares. The manager may from time to time invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes, that predominantly invest in non-equity securities, as the Act may allow from time to time. Where the aforementioned schemes are operated in territories other than South Africa, participatory interests or any other form of participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and the trustee and of sufficient standard to provide investor protection at least equal to that in South Africa.
3.4 Nothing contained in this supplemental deed shall preclude the manager from varying the ratios of securities and non-equity securities, to best position the portfolio to achieve its objective in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange recognised in terms of the Act and from retaining cash or placing cash on deposit in terms of the deed and any supplemental deeds thereto.
3.5 The STANLIB Flexible Income Fund may from time to time invest in financial instruments, in accordance with the provisions of the Act, in order to achieve the portfolio's investment objective.
3.6 The STANLIB Flexible Income Fund will further be permitted to invest its assets in foreign investment markets, within the implied limitations of the portfolio's industry association portfolio classification, in a flexible mix of non-equity securities, to the maximum permitted by the Act, and any other securities which are consistent with the portfolio's investment policy, which will include but will not be limited to preference shares, and which may be included in a portfolio in terms of the Act and relevant legislation.
3.7 For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.
3.8 The trustee shall ensure that the investment policy set out in this supplemental deed is carried out.