Fund Overview
Investment Strategy
An unconstrained domestic multi-asset fund that aims to deliver strong inflation beating returns over the long term.
This is achieved through dynamic asset allocation and security selection across a wide range of assets.
Why choose this fund?
- A well-diversified portfolio of local assets, where managers have full flexibility to implement ideas efficiently.
- Risk is actively managed through skilled asset allocation and security selection across various asset classes and strategies.
- Managed by a highly experienced team with a proven track record of selecting quality assets to deliver long-term capital growth.
Portfolio Managers

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.

Saul has over 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.

Etienne qualified as a CA(SA) in 2012, after completing his articles at Greenwoods Chartered Accountants where he gained invaluable experience in various sectors, including manufacturing, property, and industrial. Etienne then joined Truffle in 2013 as an Equity Analyst and became a CFA Charterholder in 2016. He covers various sectors for the Truffle equity team, including property, healthcare and pharma, diversified industrials, gold, as well as various mid-caps.
Fund Details
CPI + 5%
Benchmark
12 April 2024
Fund Inception Date
Semi-annually
Income Distribution
South Africa – Multi Asset – Flexible
ASISA Fund Classification
8-9 years
Ideal Investment Timeframe
15:00
Portfolio Valuation Time
ZAR 500
Minimum Monthly Investment
ZAR 10 000
Minimum Lump Sum Investment
TSCFFA
Ticker
Performance
As the fund was launched less than 12 months ago, performance is not disclosed.
Portfolio Positioning
Data as at 31 December 2024.
Data source: © Morningstar.
Literature
*The SCI acronym refers to Sanlam Collective Investments.