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Nedgroup Investments
Managed Fund

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

R

0

bn

Fund Size

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%

Annualized Return Since Inception*

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MODERATE

Risk Profile

Fund Overview

Investment Strategy

A multi-asset solution that aims to grow capital over the long term through actively investing in a diversified range of South African assets.

This fund is managed according to Regulation 28.

Why choose this fund?
  1. A well-constructed and diversified fund of quality South African assets.
  2. An actively managed fund with an agile approach to asset allocation and security selection means opportunities are quickly identified.
  3. A deliberate focus on downside risk with a disciplined risk management process to minimize capital loss.
Portfolio Managers
Chief Investment Officer & Director

Iain Power

B.Com. (Hons) (Investment Management)

Iain has been part of the Truffle team since 2010 and has 30 years of industry experience. He began his career at RMB Asset Management in 1993. In his 16 years with the company, Iain held various positions including serving as a member of the Board of Directors and the Management Board, as well as fulfilling the role of a senior investment professional in the equity team. Iain’s move to Truffle was part of his decision to move from the corporate environment into a smaller owner-managed asset management business where he could be part of building a larger concern.

Portfolio Manager

Saul Miller

M.Bus.Sci., Fellow of the Faculty of Actuaries (FFA)

Saul has 25 years of experience in investment and portfolio management and has been part of the Truffle team since 2016. He worked for RMB Asset Management for over a decade, where he managed a range of equity and balanced funds that won numerous industry awards. Saul then moved to Argon Asset Management where he held the position of Head of Equity for over four years. During this period, equity assets under management grew rapidly from approximately R8 billion to over R20 billion and investment performance comfortably exceeded benchmark returns. Additionally, Saul was responsible for implementing Argon’s equity investment philosophy and process.

Portfolio Manager

Nicole Agar

CA(SA)

Nicole joined the Truffle team in 2015 and has been in the financial industry for over 25 years. After graduating, she completed her articles at PricewaterhouseCoopers. Nicole discovered her love for investments whilst working at Merchant Banking in London. On her return to South Africa in 1997, Nicole joined RMB Asset Management where she held various investment roles, including those of senior equity analyst and portfolio manager. During this time, various funds which she co-managed won Raging Bull and Standard & Poor awards. She remained with RMB Asset Management until 2015 where her final position was Deputy Head of Equity Research.

Portfolio Manager

Sophié-Marié van Garderen

M.Com., CFA

Sophié-Marié has been part of the Truffle team since 2016 and has over 25 years of investment experience as an equity analyst and fund manager. She began her career at RMB Asset Management as a trainee analyst and worked her way up to the role of senior investment professional where she performed equity research and co-managed various funds. During this time, these funds won several Raging Bull and Morningstar awards. In 2011, Sophié-Marié joined Argon Asset Management as an equity analyst and co-manager of all the equity funds under management.

Fund Details

ASISA Category Average / CPI + 4%

Benchmark

01 November 2003

Fund Inception Date

Truffle Asset Management has been the investment manager since December 2015

Semi-annually

Income Distribution

South African - Multi Asset - High Equity

ASISA Fund Classification

5 - 7 years

Ideal Investment Timeframe

15:00

Portfolio Valuation Time

R500

Minimum Monthly Investment

R10 000

Minimum Lump Sum Investment

NEMA

Ticker

Performance

No Data Found

No Data Found

No Data Found

No Data Found

Returns are as of 31 March 2024.
Sector: (ASISA) South African – Multi Asset – High Equity.
Performance data source: © Morningstar.

22.37

Highest Annual Return

Since Inception to 31 December 2023

0.60

Lowest Annual Return

Since Inception to 31 December 2023

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 Truffle assumed management 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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Information Ratio

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Maximum Drawdown

0

Sharpe Ratio

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Standard Deviation

0

%

Tracking Error

All portfolio statistics are on a 3-year basis.
Data as of 31 March 2024. Data source: © Morningstar.

Portfolio Positioning

No Data Found

Data as of 31 March 2024.
Data source: © Morningstar.

Fees & Charges

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%

Maximum Initial 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 exclusive for the A class.
TER measurement period: 01 January 2021 to 31 December 2023.