0.53 /
0.52%
1.0141
NAV (ZAR) on 2024/09/12
NAV (ZAR) on 2024/09/11 |
1.0088 |
52 week high on 2024/06/06 |
1.0464 |
52 week low on 2024/05/06 |
0.9889 |
Total Expense Ratio on 2024/06/30 |
1.13 |
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 NFB Ci Global Balanced Feeder Fund is a Feeder Fund. The investment objective of the portfolio is to provide capital growth by providing investors with exposure to an international collective investment scheme portfolio comprising a diversified mix of global exposure to various asset classes.
The NFB Global Balanced Fund of Funds, the target portfolio, will follow a fund of funds approach and accordingly up to 100% of the Net Asset Value of the Fund may be invested in Underlying Funds in accordance with the investment restrictions and, subject thereto in such proportions as the Investment Manager shall deem appropriate from time to time, subject to a maximum exposure of any one Underlying Fund not exceeding 20% of the portfolio's Net Asset Value. The Investment Manager of the target portfolio will actively manage the weightings between the Underlying Funds and the different asset classes to which the Fund will provide exposure, i.e. equities, bonds, real estate investment trusts, money market instruments (such as deposits, treasury bills, certificates of deposit, bankers acceptances and commercial paper) and cash. Subject to the investment restrictions and the requirements of the Central Bank, the Investment Manager will not be restricted in its asset allocation decisions. The Underlying Funds will primarily invest in global equities and global equity linked securities (which may include, but are not limited to, such instruments as common stock and shares). The Underlying Funds may also invest in cash and/or cash equivalents, money market instruments, global bonds and real estate investment trusts.
Investments to be included in the NFB Ci Global Balanced Feeder Fund will, apart from assets in liquid form, consist solely of participatory interests of only one collective investment scheme portfolio, namely the NFB Global Balanced Fund of Funds, being a sub-Fund of Ci Global Investments RIAIF ICAV, an open-ended umbrella type investment company with segregated liability between Funds, authorised by the Central Bank of Ireland.
The NFB Ci Global Balanced Feeder Fund may to the extent that assets in a portfolio are exposed to exchange rate risk, enter into financial transactions for the exclusive purpose of hedging such exchange rate risk subject to the conditions and the limits stipulated in the Act, and the Regulations, thereto. The Trustee shall ensure that the investment policy set out in the Supplemental Deed is carried out.
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 to efficiently 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.
Nothing in the supplemental deed shall preclude the Manager from varying the ratios of securities or assets in liquid form in changing economic environment or market conditions, or to meet the requirements in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and the supplemental deed.