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Instit BCI Enhanced Yield Fund | South African–Interest Bearing–Short Term
Reg Compliant
0.9970    +0.0001    (+0.010%)
NAV price (ZAR) Fri 3 Dec 2021 (change prev day)
<i><b>  Performance</b></i><hr/>This gauge shows the decile position of the fund against 93 Rand-denominated South African--Interest Bearing--Short Term funds over the last three years (needle right indicates above average 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)
<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)
<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--Short Term sector based on 3-year volatility (needle right indicates lower risk within the sector)
Fund Performance
   3 Months 6 Months 1 Year 3 Years 5 Years
Period    Return %Growth of R1 000
* Not annualised
Key Facts and Fund Objective
Key Facts
Formation Date 7 Jun 2018
Fund Size (ZAR) 2 512 612 937
Latest Price 1.00
PlexCrowns -
Total Expense Ratio (30/09) 0.34%
Minimum Investment-
TTM Distribution Yield 4.74%
Fund Objective
The Instit BCI Enhanced Yield Fund is a specialist income portfolio with the objective to enhance the portfolio's income yield by actively managing interest rate risk and credit risk through the interest rate cycles. This will be achieved by making use of short-dated domestic fixed income instruments to deliver a diversified money market solution that has low volatility and high liquidity combined with carefully monitoring of its capital stability. The maximum weighted average modified duration of the underlying holdings will be limited to 180 days. Investments to be acquired for the portfolio may include securities of an interest bearing nature, including loan stock, debentures, debenture stock, debenture bonds, unsecured notes, preference shares on an income nature, financial instruments and any other nonequity securities which are considered consistent with the portfolio's primary objective and that the Act or the Registrar may allow from time to time....Read more
Asset Classes and Holdings
 SA Equities0.00%  
 Foreign Equities0.00%  
 SA Bonds20.64%  
 Foreign Bonds0.00%  
 SA Property0.00%  
 Foreign Property0.00%  
 SA Cash79.36%  
 Foreign Cash0.00%  
Top Holdings as at 30 Sep 2021
SecurityUnitsValue (Rm)% of Fund
MM-15MONTH 0 173.957.02%
MM-02MONTH 0 157.156.34%
MM-23MONTH 0 149.126.02%
MM-17MONTH 0 112.294.53%
MM-18MONTH 0 111.174.48%
MM-27MONTH 0 105.264.25%
MM-12MONTH 0 101.684.10%
MM-20MONTH 0 97.553.94%
MM-13MONTH 0 96.313.89%
MM-35MONTH 0 93.553.77%
Totals  1 198.0348.33%
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