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Truffle SCI*
Enhanced Income Fund

R

0

m

Fund Size

-

0

Annualized Return Since Inception*

0

CONSERVATIVE - CAUTIOUS

Risk Profile

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?
  1. 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.
  2. Interest rate risk is minimised through skilled duration management, and an allocation to high quality dividend yielding shares aims to maximise return opportunities.
  3. Managed by an experienced award-winning investment team with proven track record of delivering consistent returns through varying market cycles.
Portfolio Managers
Fixed Income Portfolio Manager

Raihan Allie

B.Bus.Sci. (Hons) Finance & Economics, CFA

Raihan joined Truffle in 2023 as a Fixed Income Portfolio Manager. Raihan worked at RECM as an Institutional Portfolio Administrator after previously working at the global financial services entity, State Street. His responsibilities included fixed income analysis, implementation, and management of their money market fund.

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.

Head of Fixed Income & Director

Hannes van der Westhuyzen

CA(SA)

Hannes co-founded Truffle in 2008 with Louis van der Merwe. 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 the 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 (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. Through 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.

Fund Details

110% of STeFI Composite

Benchmark

04 October 2023

Fund Inception Date

Monthly

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

As the fund was launched less than 12 months ago, performance is not disclosed.

Portfolio Positioning

No Data Found

Data as of 30 June 2024.
Data source: © Morningstar.