Truffle SCI*
Full basis and award details available on request from the manager.
R
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bn
Fund Size
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%
Annualized Return Since Inception*
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CONSERVATIVE
Risk Profile
Fund Overview
Investment Strategy
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?
- Invests in a wide range of fixed income instruments.
- The fund is actively managed through changing market cycles.
- Capital protection is the central focus.
Portfolio Managers
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.
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.
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 30 September 2024.
Sector: (ASISA) South African – Interest Bearing – Short Term
Performance data source: © Morningstar.
12.99
Highest Annual Return
Since Inception to 31 December 2023
6.19
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 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
0
Running Yield
0
Modified Duration
Data for 1 month ended 30 September 2024.
Data source: Truffle Asset Management.
Portfolio Positioning
No Data Found
Data as of 30 September 2024.
Data source: © Morningstar.
Literature
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)
0
%
All charges and fees are VAT inclusive for the A class.
TER measurement period: 01 July 2021 to 30 June 2024.