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Discovery Strategic Bond Fund | South African–Interest Bearing–Variable Term
1.2145    +0.0322    (+2.724%)
NAV price (ZAR) Tue 10 Mar 2026 (change prev day)
 
Snapshot
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 66 Rand-denominated South African--Interest Bearing--Variable Term funds over the last three years (needle right indicates above average performance)
Performance
<i><b>  Size</b></i><hr/>This gauge shows the size of the fund against all Rand-denominated retail funds (needle right indicates a large fund, needle left a small fund)
Size
<i><b>  Diversification</b></i><hr/>This gauge shows the level of diversification relative to other funds in the same second-tier (interest bearing) category (needle right indicates a well-diversified fund)
Diversification
<i><b>  Risk</b></i><hr/>This gauge shows the fund's level of historical risk relative to other funds in the South African--Interest Bearing--Variable Term sector based on 3-year volatility (needle right indicates lower risk within the sector)
Risk
Fund Performance
NAV and TRI Performance
  TRI
  NAV
   3 Months 6 Months 1 Year 3 Years 5 Years
Period    Return %Growth of R1 000
chart
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 18 Nov 2020
Fund Size (ZAR) 8 933 131 330
Latest Price 1.21
PlexCrowns (Senior)
PlexCrowns (Junior)
Total Expense Ratio (31/12) 1.16%
Minimum Investment-
TTM Distribution Yield 7.77%
Fund Objective
3.1. The investment objective of the portfolio is to achieve moderate outperformance of the JSE ASSA All Bond Index (ALBI) over the medium term by considering a number of strategies across multiple time horizons and strategically choosing investments within this broader scope. 3.2. To achieve the above objective the portfolio will strategically invest primarily in South African debt instruments including public, parastatal, municipal and corporate bonds, inflation linked bonds, loan stock, debentures, fixed deposits and money market instruments, subject to the conditions and/or limits prescribed by the Act. A minimum of 20% of the portfolio's market value will be invested in instruments that are constituents of the ALBI or similar/equivalent instruments....Read more
Asset Classes and Holdings
Asset Classes
 SA Equities0.00%  
 Foreign Equities0.00%  
 SA Bonds134.47%  
 Foreign Bonds0.00%  
 SA Property0.00%  
 Foreign Property0.00%  
 SA Cash-34.47%  
 Foreign Cash0.00%  
Top Holdings as at 31 Dec 2025
SecurityUnitsValue (Rm)% of Fund
CBFZ 1 071 598 048 1 239.2014.24%
R2048 691 480 000 687.757.90%
R2037 605 035 967 623.287.16%
R2044 607 537 665 607.126.98%
R2040 532 611 709 554.946.38%
R209 498 622 338 434.294.99%
R2032 355 943 118 372.764.28%
R214 415 515 000 339.753.90%
R2053 220 200 000 286.153.29%
R2033 209 000 000 238.822.74%
Totals  5 384.0461.86%
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10 Mar1.21+0.03+2.72% 
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