Truffle SCI
R
0
m
Fund Size
0.00
%
Annualised Return Since Inception*
0
CONSERVATIVE - CAUTIOUS
Fund Overview
Investment Strategy
This fund aims to achieve attractive and consistent levels of income with less risk through investing in a diversified portfolio of income-producing assets.
This dynamically managed fund has a strong focus on protecting capital and limiting volatility.
Why choose this fund?
- An actively managed, well-diversified fund investing in a range of fixed income instruments with the flexibility to invest in equity, preference shares, listed property and offshore assets.
- Interest rate risk is minimised through skilled duration management, and an allocation to high quality dividend yielding shares aims to maximise return opportunities.
- Managed by an experienced award-winning investment team with proven track record of delivering consistent returns through varying market cycles.
Portfolio Managers
B.Bus.Sci. (Hons) Finance & Economics, CFA
Industry experience: 11 years
Industry experience: 11 years
Raihan joined Truffle in January 2023 as a Portfolio Manager in our Fixed Income team, adding significant depth of skill and expertise. He has also developed strong commercial experience having previously worked at a boutique manager where he co-managed both Income and Money Market funds. Raihan works together with Hannes van der Westhuyzen in managing the Truffle SCI* Income Plus Fund, the Truffle SCI* Enhanced Income fund as well as the fixed income portions of Truffle’s multi-asset mandates.
B.Com. (Hons) Investment Management
Industry experience: 32 years
Industry experience: 32 years
Iain leads the investment team and plays a key role in the strategic direction of the business. He has been part of the Truffle team since 2010, when he joined to work with the founders as a senior portfolio manager. Iain previously worked at RMB Asset Management where he held various positions, including serving as a member of the Board of Directors and the Management Board, and fulfilling the role of a senior investment professional in the equity team. Iain was keen to join a smaller, owner-managed asset management business where he could be part of building a larger concern, and has been key to Truffle’s growth over the last 16 years.
CA(SA)
Industry experience: 37 years
Industry experience: 37 years
Hannes co-founded Truffle in 2008 with Louis van der Merwe and currently heads the Fixed Income team, playing a key role in the management of fixed income across all multi-asset and income mandates. He began his career at RMB in 1989 on the money market desk where he was instrumental in starting the forward rate agreement market in South Africa. Hannes then joined Huysamer Stals, where he became a director and specialised in trading hybrid instruments between equity and interest rate markets. In 1996, he joined start-up company, Mettle (Boland Financial Services), to take on the role of treasury specialist. This involved a close working relationship with Boland Bank, and in 1997, he was asked to take over as Treasurer of Boland Bank. After various takeovers and mergers, Hannes became the Treasurer of NBS Boland Bank (later BoE Bank), which was taken over by Nedbank in 2003. In 2005, Hannes was appointed Head of Global Markets and an EXCO member of Nedbank Capital where he was responsible for all the foreign exchange.
Fund Details
110% of STeFI Composite
Benchmark
03 October 2023
Fund Inception Date
Quarterly
Income Distribution
South African - Multi Asset - Income
ASISA Fund Classification
2 - 3 years
Ideal Investment Timeframe
15:00
Portfolio Valuation Time
ZAR 500
Minimum Monthly Investment
ZAR 10 000
Minimum Lump Sum Investment
TRUFFA
Ticker
Performance
Returns shown for the period ended 30 June 2026.
Sector: (ASISA) South African – Multi Asset – Income
Performance data source: © Morningstar.
14.77
Highest Annual Return
Since Inception to 31 December 2025
12.96
Lowest Annual Return
Since Inception to 31 December 2025
*Annualised 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 utilise various Sector performance start dates, resulting in slight discrepancies.
Portfolio Positioning
Data as at 30 June 2026.
Data source: © Morningstar.
Literature
Fees & Charges
0.00
%
Maximum Initial Advice Fee
0.00
%
Maximum Annual Advice Fee
0.00
%
Manager Annual Fee
0.00
%
Total Expense Ratio (TER)
0.00
%
Transaction Costs (TC)
0.00
%
Total Investment Charges (TIC)
All charges and fees are VAT inclusive for the A class.
TER measurement period is 03 October 2023 – 31 March 2026.