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Truffle SCI* Income Plus Fund

Full basis and award details available on request from the manager.

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Fund Size

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Annualized Return Since Inception*

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CONSERVATIVE

Risk Profile

Fund Overview

Investor need

An actively managed fund of fixed income securities including corporate and government bonds.

This fund aims to achieve higher yields of income than money market portfolios, while focusing on preserving capital.

Why choose this fund?
  1. A well-diversified fund of quality assets with low levels of risk.
  2. A deliberate focus and proven track record of protecting capital and limiting volatility of returns over time
  3. Actively managed with an agile approach to quickly adapt to changing market conditions.
Portfolio Managers

Hannes van der Westhuyzen

Head of Fixed Income / Director

CA(SA)

Together with Louis van der Merwe, Hannes founded Truffle in 2008. He began his career at Rand Merchant Bank (RMB) in 1989 on the money market desk, where he was instrumental in starting the forward rate agreement market in South Africa. After a couple of years, Hannes joined stockbroking company Huysamer Stals, where he became a director and specialised in trading hybrid instruments between equity and the interest rate markets. In 1996, Hannes was approached by start-up company Mettle (formally known as Boland Financial Services) to take on the role of treasury specialist. The role involved maintaining a close working relationship with Boland Bank and in 1997 he was asked to take over as treasurer of Boland Bank. Through takeovers and mergers, Hannes became the treasurer of NBS Boland Bank and later BoE Bank, which was taken over by Nedbank in 2003. In 2005, he was appointed Head of Global Markets and an EXCO member of Nedbank Capital.

Palvi Kala

Portfolio Manager (Fixed Income)

B.Com (Hons) Financial Management

Palvi started her career in 2005 at RMB Asset Management working in the unit trust division. Thereafter she joined First National Bank Private Clients as a structured lender where she was responsible for setting up credit portfolios for high net worth clients. Palvi then joined Dibanisa Fund Managers (Old Mutual Global Trackers) as a Portfolio Manager, where she was responsible for managing over R20 billion of domestic funds tracking fixed income, equity and property stocks, and international funds and ETF’s tracking global equity markets, including large and small caps, listed property and African shares. This included managing over 20 different portfolios and markets.

She then joined Maru Asset Managers, a boutique firm, as the Portfolio Manager. At Maru, Palvi managed an enhanced indexation strategy (blending active and passive management) and a balanced fund. She also served on the board of Maru Asset Managers. Thereafter she joined Makalani Management Company as the Portfolio Manager for their fixed income fund.

She then moved over to Truffle Asset Management as an analyst in the fixed income team. Palvi graduated with a BCom (Investment Management) and a BCom (Hons) (Financial Management) from the University of Pretoria. She has completed her CFA Level II, the Registered Persons Exams and the JSE Registered Traders Exam.

Fund Details

STeFI Composite ZAR

Benchmark

22 September 2016

Fund Inception Date

Monthly

Income Distribution

South African - Interest Bearing - Short Term

ASISA Fund Classification

1 - 2 years

Ideal Investment Timeframe

15:00

Portfolio Valuation Time

ZAR 500

Minimum Monthly Investment

ZAR 10 000

Minimum Lump Sum Investment

TMICA

Ticker

Performance

No Data Found

No Data Found

No Data Found

No Data Found

Returns are as of 31 December 2023.
Sector: (ASISA) South African – Interest Bearing – Short Term
Performance data source: © Morningstar.

12.99

Highest Annual Return

6.19

Lowest Annual Return

Annualized return is the weighted average compound growth rate over the performance period measured.
Investment performance is for illustrative purposes only. Investment performance is calculated by taking the fees into account and income is reinvestment on the reinvestment date. Investment growth is for the amount of R10 000 since inception of the fund.
The value of investments, as well as any income earned from them, might decline as well as rise. Historical performance is not a predictor of future outcomes. If the currency displayed differs from your local currency, currency movements may cause returns to rise or decrease. Investment objectives and performance targets may not be met, and losses may occur. We advise you to obtain independent financial counsel to ensure that this Fund is appropriate for your investing needs. Performance is not given for share classes that have been in existence for less than 12 months. No assurance is made that any investment will or is likely to produce profits or losses comparable to those obtained in the past, or that losses will be avoided. When compared to other performance charts or marketing material, the charts presented may utilize various Sector performance start dates, resulting in slight discrepancies.

Fund Statistics

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Running Yield

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Modified Duration

Data for 1 month ended 31 December 2023.
Data source: Truffle Asset Management.

Portfolio Positioning

No Data Found

Data as of 31 December 2023.
Data source: © Morningstar.

Fees & Charges

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Maximum Initial Advice Fee

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Maximum Annual Advice Fee

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Manager Annual Fee

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Total Expense Ratio (TER)

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Transaction Costs (TC)

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Total Investment Charges (TIC)

All charges and fees are VAT inclusive for the A class.
TER measurement period: 01 October 2020 to 30 September 2023.